Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][OTC Token] Otcrit Platform - New Exchange and Marketplace Platform
by
Mr. Nobody
on 06/03/2018, 08:33:17 UTC
Quote from: traveler007 on March 05, 2018, 07:15:34 PM
Quote from: Mr. Nobody on March 05, 2018, 08:20:50 AM
Quote from: traveler007 on March 05, 2018, 07:34:29 AM
Your team from Russia? Where you exhange registered and based? And what currencies will be trading on your exhange?

Although we have team members from Belarus, the core team is Bulgarian. Our exchange has not been registered yet, as its development is still in an early stage, but it will be done in either Bulgaria or Georgia (the country, not the state). We will start off by trading crypto-currencies that we deem promising - I can still not disclose to you which they are going to be though. We need to look into every single angle of a project with our community researchers and platform experts before deciding whether it is worth being listed on the Otcritex or not. In the future, we would also want to introduce fiat to the exchange.

Thank you for aswer. And when you planning to register company? You must get a lisence for exhanges as well. And this must be done before ICO, because we have a risk, that you cant get lisence ...  Huh

We are already a company, which is officially registered in Bulgaria, but the exchange itself needs an additional registration. And in order to obtain the licence, one has to meet a capital requirement of 750,000 EUR. It is one of the main reasons for us to conduct the ICO in the first place. We have the developers, working on the exchange in the meantime and one of the products - the alpha version of the informational marketplace (soon to get a brand new redesign) is already out there. If the ICO is not successful and we don't reach the soft cap, then everyone will get their ETH back. If it is, however, then there is no risk of not getting the licence because we would have filled the most important requirement and we will initiate the legal process straight away.