Re: {ANN} Finxflo Global Cryptocurrency Brokerage And Trading Platform{ANN}
Do you have other sources of funds other than this ICO? Aiming to be a trading platform will incur a lil bit of money at the start. So I am assuming you have necessary funds to push thru this project even with insufficient funds generated during this ICO.
At this current stage we have a working product which we will start beta testing and collecting feedback on.We currently have enough funding to continue regardless of the ICO result. Having said that we just completed a very successfull presale on the 15th and also are working with Asian Crypto investment group with whom we have signed contracts to onboard investors. We are seeing huge interest in Asia especialy in S Korea.
Good to hear about your presale results. Can you share us how much you raised during this sale or how many FXF tokens were sold. Also, I noticed one of your features - no withdrawal fees
Is that true for all cryptocurrencies listed in your app? But one thing that traders may think twice about is your monthly fee in FXF tokens. How much is that in FXF tokens? Also, what if you have inactive month, do you still need to pay?
(a)We will publish the results from the private sale soon.
(b)Correct zero withdrawals accross the board
(c)The purpose of the FXF Token is to help traders save money.Especially on large volume trades where a trader would pay much more on a buy order or eat away buy walls on a sell order due to slippage and or low liquidity.So our starting trading fee of 0.1% on each trade made on our platform will be reduced according to how many FXF tokens you hold. We are still developing the exact tokenomics. There may be some governance allocation given to the tokens or other rights,but these are still in discussions. There will not be a monthly fee it is just based on when you buy or sell on the platform