Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] Beaxy - The All-in-One Cryptocurrency Exchange
by
shinratensei_
on 14/11/2019, 08:09:40 UTC
Quote from: Darker45 on November 14, 2019, 02:07:55 AM
Quote from: TopT3ns on November 13, 2019, 07:22:00 PM
Quote from: Darker45 on November 13, 2019, 01:03:53 PM
Quote from: gembira on November 11, 2019, 01:35:44 PM
Quote from: sockpuppet1911 on November 11, 2019, 07:09:45 AM
Quote from: Nerd-Labs on October 07, 2019, 06:31:23 PM
has anyone tried this place out yet  Huh


My trying failed from the beginning because my id got stolen and i can't do their kyc yet. But obviously they have users so someone in their telegram could provide insights. Too bad that this is the only place to buy bxy tokens.


What sense in their tokens? As I see their token has 1.2 mln marketcap while daily volume on their exchange has just 2.5k. Wich such volume this token  does not cost so much in fact...

I honestly think the project urgently needs to step up their marketing. They seem to be losing appetite in keeping up with the existing competitors in the exchange platform business. They started good enough but now they seem to lack the spirit that they used to show before and after a short while after their launching. It also appears the Tesla Model 3 prize for their trading competition did not make much of a big deal to potential traders. I couldn't even notice a bump of their BXY token.

Running an exchange project is indeed not easy. Most of the similar projects cannot compete and are closed
Just like beaxy it requires a process and must get the trust of traders, one of the factors that increases trader confidence is that exchanges have a high volume of course real volume and I see Beaxy hasn't qualified for it. Beaxy must learn from Binance, how binance is present and growing.

It's hard to put a close comparison between Binance and Beaxy. But I guess Binance initially faced more difficult obstacles than Beaxy. Binance used to be operating from unknown places and was constantly on the run, faced crackdown, and all. But the persistence of CZ and the team made it very successful. Beaxy's Artak is far from being a CZ.

Beaxy earlier released a comparative summary of exchanges with native tokens. And in that, Beaxy appears to be ahead of the rest including Binance, KuCoin, Huobi, and others in terms of loyalty rewards, fiat trading pairs, fast deposit, and so on. Unfortunately, this did not translate into nice volume. 
It's better to create a comparison between beaxy and bcnex consider bcnex is also a new exchange site, but that's very sad to see the daily volume of bcnex multiple times compared with beaxy. A comparative summary that is not released by a 3rd party can't be trusted because there is a possibility if all of the things that have already mentioned fake.
So many projects use this method. Binance is coming at the right time when so many people are looking for the trusted exchange site. CZ was launching binance at the right time. Remember about the beaxy ico has already ended when binance is still nothing