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Post
Topic
Board Legal
Topic OP
Bitsmo is now a holder of both Cryptocurrency Trading and Business License
by
BitsmoExchange
on 15/02/2019, 06:08:22 UTC
Bitsmo has successfully obtained Cryptocurrency License, and we are proud to announce that Bitsmo is now a holder of both Cryptocurrency Trading License and Estonian Business License. Despite the crypto market being saturated, our innovative trading facilities and diverse features will get us an upper hand over our competitors.

Bistmo will be launching soon with our fully-regulated trading platform in collaboration with Modulus Global! Make sure you follow us on Facebook, Twitter, Medium to not miss out on any updates!

We have always been an authentic cryptocurrency exchange platform, operating in collaboration with Modulus Global.

Estonia Business License
https://imgur.com/L6yrgm3

Crypto Licenses (BITSMO)
https://imgur.com/JPKwbkU
Post
Topic
Board Scam Accusations
Re: Bitsmo - SCAM ICO - Fake Team
by
BitsmoExchange
on 30/01/2019, 11:31:37 UTC
I posted content about them, and I removed it 24 hours later after I received your complaint, but yet I NEVER received your reply over it or the negative feedback removed. So, can you tell me what was my fault exactly?

So, ICOEthics, can you please tell me what was my FAULT here? You said that I didn't took action, but I did for Arbitao and that WITHIN 24 hours of the "POSTED" time and only FEW hours after receiving the complaint, yet nothing changed.

June 11, 2018, 10:07:20 AM --> https://bitcointalk.org/index.php?topic=4455437.0 0.75% daily
2018-06-16 ---> https://bitcointalk.org/index.php?action=trust;u=2084637 first -ve
June 17, 2018, 09:31:38 PM --> https://bitcointalk.org/index.php?topic=4486941.0 scam accusation
June 17, 2018, 11:56:18 PM --> https://bitcointalk.org/index.php?topic=4486941.msg40344351#msg40344351 give us 24 hours
2018-06-19 --> https://bitcointalk.org/index.php?action=trust;u=2084637 second and third -ve

23 days after...

July 09, 2018, 10:30:04 PM --> https://bitcointalk.org/index.php?topic=4632175.0 http://archive.is/1uIbT shilling hard for arbitardao
2018-07-10 --> https://bitcointalk.org/index.php?action=trust;u=1187801 -ve

Buddy, did you even checked your inbox?

July 10, 2018, 04:26:35 PM
Quote
Hey mate, what's the problem? Why did you left a negative feedback??? What's the problem?

https://bitcointalk.org/index.php?topic=4907727.0 bitsmo thread remains open. Team failed KYC. Questions in this thread - not answered.

2018-11-02 --> https://bitcointalk.org/index.php?action=trust;u=1187801 -ve for shilling for bitsmo
January, 12, 2019, 06:38:36 PM --> https://bitcointalk.org/index.php?topic=5062208.msg49197145#msg49197145 "WTF??"



Ref Post: https://bitcointalk.org/index.php?topic=5062208.msg49231137#msg49231137

Bitsmo has been operating in collaboration with Modulus Global, which itself is one of the largest and most popular cryptocurrency exchanges in the world.

Here we have attached our Licenses along with Registration Numbers for your cross-verification. Moreover, our platform is going to be fully regulated as it would feature KYC and AML both. Besides, our platform is bonded with 30+ major exchanges in the world, for users to make suitable and profitable trading decisions.

Whatever we do, we do it for the sake of our users and we mean it.

Bitsmo and its team strongly deny any accusations by you, and here’s the reason why. We hold both cryptocurrency and company licenses. Anyone, who’s interested, can also cross-verify our registration numbers either by calling us or by themselves.

We have always been an authentic cryptocurrency exchange platform, operating in collaboration with Modulus Global.

Estonia Business License
https://imgur.com/L6yrgm3

Crypto Licenses (BITSMO)
https://imgur.com/JPKwbkU
Post
Topic
Board Scam Accusations
Re: Bitsmo - SCAM ICO - Fake Team
by
BitsmoExchange
on 30/01/2019, 06:12:11 UTC
Bitsmo has been operating in collaboration with Modulus Global, which itself is one of the largest and most popular cryptocurrency exchanges in the world.
 
Here we have attached our Licenses along with Registration Numbers for your cross-verification. Moreover, our platform is going to be fully regulated as it would feature KYC and AML both. Besides, our platform is bonded with 30+ major exchanges in the world, for users to make suitable and profitable trading decisions.

Whatever we do, we do it for the sake of our users and we mean it.

Bitsmo and its team strongly deny any accusations by you, and here’s the reason why. We hold both cryptocurrency and company licenses. Anyone, who’s interested, can also cross-verify our registration numbers either by calling us or by themselves.

We have always been an authentic cryptocurrency exchange platform, operating in collaboration with Modulus Global.

Estonia Business License
https://imgur.com/L6yrgm3

Crypto Licenses (BITSMO)
https://imgur.com/JPKwbkU
Post
Topic
Board Scam Accusations
Re: Bitsmo - Real people, real team
by
BitsmoExchange
on 03/11/2018, 23:38:42 UTC
Well, since when having fake team members is considered a weak evidence? Almost every project that has used other people identities is or turned out to be a scam. Why would it be any different with you?
I'm criticizing this argument: "Premise: the advisor's photo is also listed on a stock photo website. Conclusion: the adviser is fake and therefore the team is fake."  Weak evidence leading to a bold conclusion. In other words, there is no conclusive proof that there are any fake team members and for this reason it is unfair to assert that we are a scam.  


Can you name these 30+ popular exchanges you are connected with?
Some of the top exchanges included in our Community Network are Gemini, Poloniex, Binance, GDAX, Kraken, Bitfinex, Bitstamp, KuCoin, and OKEX.


Being able to offer transactions 10 times faster than other exchanges means you have hard working devs. It's just that your github is basically empty:
https://github.com/Bitsmo/Bitsmo
We are partnered with Modulus Global, who is handling development for the platform and enabling us to reach those transaction speeds.


On your website, you claim that you have raised more than $2 million dollars, any proof of that?
https://ethplorer.io/address/0xbbd575b0652a9a097b4921ab279436be1b52adfb
The data on ethplorer is not accurate because we used internal wallets for the ICO.
Post
Topic
Board Scam Accusations
Re: Bitsmo - SCAM ICO - Fake Team
by
BitsmoExchange
on 03/11/2018, 22:54:25 UTC
1) The numerous threads posted here on bitcointalk which you linked above are made by the accounts "dimcoin1", "nikkyBTC", and "futureICOs". These threads were NOT authorized by Bitsmo. These accounts are NOT representatives of Bitsmo.

2) You use the fact that members of our team have photos linked to stock photo websites as conclusive proof that we are a scam. However, here is evidence that our "fake team" is legitimate. I am a part of Bitsmo's marketing department and I am listed on the website. I have met several of the team members personally including Ken Riley, who you claim is not a real person. I'm linking a photo of part of the team which includes myself (Joe Coburn), Ezra Bergstein, and Ken Riley among others not listed on the Bitsmo homepage. Clearly, we are an actual team of actual people.

Understandably, the team is not able to come together physically in its entirety. Moreover, it would be unreasonable to expect that a project in the blockchain/finance/tech space wouldn't consult and communicate with advisors primarily over the internet. Take Felipe Teixeira for example, who we paid as an adviser and communicated with him online.

3) It is far from conclusive proof to say that Bitsmo is a scam because the advisor's photo is also listed on a stock photo website. As shown above, you were wrong about one of the team members whose photo appears on a stock photo site. I am neither confirming nor denying any of the following reasons, however there are many explanations for the stock photos:
It is not unreasonable to believe that some of our advisors may have sent us stock photos to use on our website for the sake of their own anonymity, or that they simply had professional photography done, which they posted to stock photo sites and also used for their bio on our site. I am awaiting more information regarding this specifically and will provide the details as soon as they are made available to me.

4) I see no conclusive proof that Felipe Teixiera is a scammer. The threads that you linked contain only your accusations and insinuations that he is as you claim. If you are going to make these serious accusations, you must provide definitive proof.

All of our advisers have been legitimately paid for their services and have contributed significantly to the project.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][EXCHANGE] Bitsmo - The Next Crypto Exchange Solution
by
BitsmoExchange
on 03/11/2018, 03:08:03 UTC
Please check your email and remove these posts immediately. This is slanderous - you are making a very strong accusation based on very weak evidence. You are free to ask any questions you'd like pertaining to the legitimacy of our exchange, but bold red caps calling us a scam without any real proof and without asking us any questions is simply ridiculous.
Post
Topic
Board Scam Accusations
Re: Bitsmo - SCAM ICO - Fake Team and a crook adviser
by
BitsmoExchange
on 03/11/2018, 02:56:08 UTC
Please remove this post immediately. This is nothing more than speculation. You are making a very strong accusation based on very weak evidence. You are free to ask any questions you'd like if you are suspicious of our legitimacy, however outright declaration of our exchange as a scam is slanderous.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][EXCHANGE] Bitsmo - The Next Crypto Exchange Solution
by
BitsmoExchange
on 24/10/2018, 07:26:29 UTC
I have visited your site and see that pre sale has reached 46%, that means your soft stamp has been reached. So when will you launch the exchange?

Hi Auliahr,

Yes, We have reached our soft stamp.  Smiley
We are preparing for the launch of our Exchange and it's going to live very soon. Stay with us and we'll inform you as soon as the exchange is live. For more information visit our website www.bitsmo.io
Post
Topic
Board Service Discussion (Altcoins)
BCN – 'Bitsmo Community Network'
by
BitsmoExchange
on 03/10/2018, 05:54:46 UTC
BITSMO platform is connected with 30+ of the most popular exchanges to connect you to the best price in the crypto- market, in other words,
 we provide deep order books enabling BITSMO’s user to get the best selling or buying price in the crypto-market.
We’ve built a platform to maximize your profit.
BITSMO’s matching engine is capable of processing close to 10 MM transactions per second which is 10 times faster than any other exchangers making our platform the fastest in the market today.
VISIT NOW  https://bitsmo.io
JOIN OUR TELEGRAM: https://t.me/Bitsmo
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][EXCHANGE] Bitsmo - The Next Crypto Exchange Solution
by
BitsmoExchange
on 01/10/2018, 21:41:04 UTC
I can help you with Ukrainian/Russian translation, if you needed. Just inform me.
Some bounty for the translation?


Thank you for the offer! We will keep that in mind Smiley


sucess for bismo projects that have reached the seller exceeding a soft cap of 40% and whether in the future projecy bitsmo will list to market binace, poloniex?thank you sir

Thank you! And yes, we will be including Binance and Poloniex in our Bitsmo Community Network.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][EXCHANGE] Bitsmo - The Next Crypto Exchange Solution
by
BitsmoExchange
on 22/09/2018, 00:56:04 UTC
Since you have the KYC requirements for your customers, I believe it's fair also to provide at least your linkedin profiles, not only your profile description.
And if you will be successful in launching this exchange, I think you are the first exchange to share your earnings to charity.

https://i.imgur.com/qLv6iIb.png

I hope you will be transparent on this also, once you are up and running. Provide updates regarding this noble act.
Most of the projects use the face of charity to entice investors. Hoping you are really sincere with this decision.
Also, what fiat currencies are you going to support here?

Excellent point, I will be sure to pass that on to management.

We are excited to be pioneers in implementing the charity feature Smiley
The exact method of execution is still being deliberated upon, but we will be sure that it is completely transparent.

The only trading pair we will use is USDT. Other than USD, our fiat on/off-ramps will likely be in EUR, JPY, and KRW.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][EXCHANGE] Bitsmo - The Next Crypto Exchange Solution
by
BitsmoExchange
on 17/09/2018, 10:08:37 UTC
Bitsmo’s 3rd ICO presale round is ending in 7 days and we want your quick participation because the demand seems to be getting higher everyday which may push us to seal the deal sooner than planned. Hurry up!
www.bitsmo.io


Check out this article to get more information on Bitsmo and our ICO Smiley
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][EXCHANGE] Bitsmo - The Next Crypto Exchange Solution
by
BitsmoExchange
on 13/09/2018, 03:33:51 UTC
With 12 days remaining in Round 3 of our Pre-Sale, we have written a descriptive article on Bitsmo, our token, and our features and uses.

Check out the article here for more details on why you should consider using Bitsmo and investing in our token!

Post
Topic
Board Marketplace (Altcoins)
Re: Bitsmo - The Next Crypto Exchange Solution
by
BitsmoExchange
on 12/09/2018, 01:56:26 UTC
Please refer to the following thread which is in the correct location, where we can continue discussion:

https://bitcointalk.org/index.php?topic=4866136.0

Sorry for the confusion! Locking current thread.
Post
Topic
Board Marketplace (Altcoins)
Re: Bitsmo - The Next Crypto Exchange Solution
by
BitsmoExchange
on 12/09/2018, 01:48:45 UTC
I think you have to move it further to Service Announcements (Altcoins).

The 3% that goes to charity isn't coming from the transaction. It's coming from the transaction fee.
That's still high and what's that charity that you are supporting?



Thank you. Working on relocating thread properly.

We are still in the process of setting the exact rate for transaction fees. We have to see how much the liquidity providers will charge before we can set our fee rate. But, the trading fee will be competitive with other leading exchanges.
There isn't currently a set charity. We are working out whether the charities will be pre-selected by Bitsmo, whether the users will get to select their own charity to donate to, or whether it will be a community vote.

Just to be clear, the transaction fee rate will not be 3%. Although the exact transaction fee rate has yet to be determined, it will be more on par with leading exchanges like Binance and KuCoin.
A 3% portion of this small transaction fee will be allocated to charity.

I hope this clarifies!

Thank you for your questions Smiley
Post
Topic
Board Marketplace (Altcoins)
Re: Bitsmo - The Next Crypto Exchange Solution
by
BitsmoExchange
on 10/09/2018, 19:22:53 UTC
Instead of this thread you create or move this topic to alternate cryptocurrencies announcement section. We really need to know where the places will work towards correct.

Hopefully, we will find the exchange will grow more since your idea seems good and positive for the investors point of view.

Thank you! We hope to see more organic growth as well, and would simply like to increase exposure.

We have posted a thread in the altcoins announcement section, however according to a sticky in that forum, "Exchanges, shops, gambling sites, etc, should make a thread in the Marketplace section of Alt Currencies." 

I will happily remove this thread if it is in violation of any rules.
Post
Topic
Board Marketplace (Altcoins)
Re: Bitsmo - The Next Crypto Exchange Solution
by
BitsmoExchange
on 10/09/2018, 19:08:38 UTC
This 3 % is fee trading?

Yes, 3% of the transaction fee taken from every trade will be distributed to charity in a transparent process. However, this feature will not increase the transaction fee. Our txn fees will be competitive with the fees from other leading exchanges.
Thats what you called competitive? 3% on trading fee. Holy COW!

See these things:

https://news.kucoin.com/en/fee/
https://support.binance.com/hc/en-us/articles/115000429332-Fee-Structure-on-Binance

If you do insert out about that charity thing then it wont really be a convincing thing for us to use your exchange.Ill pass

The 3% that goes to charity isn't coming from the transaction. It's coming from the transaction fee.

For example, KuCoin has a 0.1% trading fee. So, 0.1% of the total transaction amount is taken as a fee, and 3% of that 0.1% fee goes to charity.
Post
Topic
Board Marketplace (Altcoins)
Re: Bitsmo - The Next Crypto Exchange Solution
by
BitsmoExchange
on 10/09/2018, 18:49:49 UTC
This 3 % is fee trading?

*edit for clarity*

The 3% that goes to charity comes from the transaction fee, which will be competitive with other leading exchanges. The transaction fee itself will not be 3% -- but 3% of the transaction fee will be donated to charity in a transparent process.

This feature will not increase the total transaction fee.
Post
Topic
Board Marketplace (Altcoins)
Bitsmo - The Next Crypto Exchange Solution
by
BitsmoExchange
on 10/09/2018, 18:32:56 UTC
 
We are proud to announce our forthcoming revolutionary cryptocurrency exchange, BITSMO!


Bitsmo is a carefully structured project aimed to correct the shortcomings that other exchanges have left unresolved.

Bitsmo brings confidence, speed, and connectivity unmatched in the cryptocurrency exchange ecosystem. Our all-in-one platform encompasses the essential elements of an exchange and more, to bring you an exchange that is 10x faster and more secure than Binance.

FEATURES

  • Through our Bitsmo Community Network (BCN), we are connected with over 30 of the most popular exchanges to bring you the highest sell prices and lowest buy prices in the market.
  • Our exchange is fully regulated, with forthcoming Estonia Regulated Exchange licenses and KYC compliance, enabling users to trade with the utmost confidence.
  • Our matching engine enables nearly 10 million transactions per second, compared to Binance's 1.4 million transactions per second.
  • With our connectivity to crypto-friendly banking institutions, Bitsmo will allow all users to easily cashout from crypto or add fiat directly to their account.
  • Our platform utilizes the most advanced security protection system available, which is also used by the NSA, the CIA, and NASA.
  • Bitsmo also offers 24/7, multilingual support including live chat.

ROAD MAP

  • 2018 Q1: Bitsmo project starts
  • 2018 Q2: Initial draft of white-paper completed & private sale begins
  • 2018 Q3: Pre-sale ICO starts
  • 2018 Q3: Start of platform development
  • 2018 Q3: Acquire Estonia Regulated Exchange licenses
  • 2018 Q4: Launch Bitsmo Exchange
  • 2019 Q1: Starts fiat deposits & withdrawals
  • 2019 Q3: Bitsmo pre-paid card available to customers

TOKEN

To achieve our set goals, we have set up an ICO crowdsale in order to acquire all the necessary funds to make this platform successful.

  • Bitsmo is offering the sale of 100 Million Bitsmo Coin (BTSM) in four rounds of ICO-Presale before the exchange goes live.
  • The first presale has closed in advance due to high demand. The second round of ICO-Presale started on August 15th at a cost of $0.18 per BTSM, with a 12% bonus, and ended on September 5th.
  • The third round is currently underway. It started on September 5th at a cost of $0.20 per BTSM, with a 10% bonus, and will continue until roughly September 24th.
  • The fourth and final round of Presale will cost $0.21 per BTSM, and carry an 8% bonus.
  • Presale will end on October 14th, when the exchange is set to officially open.

TOKEN SALE PROCEEDS

  • 34.2% - Bitsmo Platform
  • 25.9% - Marketing & General
  • 15.6% - Research & Future Development
  • 12.5% - Legal & Licensing
  • 11.8% - Operation

TOKEN DISTRIBUTION

  • 50% - Pre-ICO
  • 15% - Management Team
  • 12.5% - Liquidity
  • 12.5% - Reserved
  • 10% - Advisors & Partners

BITSMO COIN BENEFITS

  • Coin holders will receive 25% of platform's transaction fees every week.
  • There will be up to a 40% discount on all trading fees by using BTSM coin in the user's first year.
  • Bitsmo will buy back BTSM coins monthly using 10% of transaction fees.
  • 3% of every transaction fee will go to charity.
  • Management & listing fees charged in BTSM.
  • Use BTSM coin to enable unique features such as algorithmic trading and arbitrage bots.


MORE INFO
  • Algorithm: ERC-20
  • Total coin supply: 200 million BTSM


Post
Topic
Board Announcements (Altcoins)
Re: [ANN][EXCHANGE] Bitsmo - The Next Crypto Exchange Solution
by
BitsmoExchange
on 07/09/2018, 09:03:41 UTC
Exchange projects are present, seeing and studying Bitsmo seems interesting and has a breakthrough that will be able to compete with other projects that have the same concept. I hope your steps to develop Bitsmo can be accepted by the crowd.

Thanks for appreciating us Mishael  Smiley

To know more about BITSMO please visit our website linked above.

We have already started our 3rd pre-sale phase which will last for roughly the next 17 days. Do check it out Smiley