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Re: [ANN] Ethbits Crowdsale (ICO) MORE THAN 13644 ETH RAISED !
Taken from Telegram channel: https://t.me/ETBS_Official
DEV UPDATE:
Dear Ethbits Community,
Time for a long due update from our side. I know most of you are eager to log into Ethbits and start trading again. Many are rightfully frustrated at the unending delays to the delivery of the promised features.
Due to a lot of circumstances, including last years hack resulting in the loss of funds, the replacement of the dev team, shifts in the regulatory landscape, and challenges with developing the copy trading algorithm, Ethbits is forced to make decisions to delay the relaunch when it makes sense to do so. We would rather make sure things are done 100% and the users have a perfect platform until we go live again.
Realize that some promises were made before the hack, and the consequences and aftermath of it has put a lot of additional steps in our timeline. I myself started July 2019, with limited documentation, incomplete source code, it took much longer to explore and evaluate all the moving parts involved, to ensure that our APIs are safe and secure, and to prevent another hack.
- Copy Trading
Since the last update we have made some changes to our UI design. The remaining work lies here to display the stats and charts for the leader and copier sessions. The UI looks sleek and modern. Leaders have profile pages where users can find information and important stats on traders. Leaders will be able to track their overall performance in an intuitive way.
Leaders will collect a small % fee from their copiers on every successful trade (Sale with profit). The platform will also take a small fee of that profit leaving the copiers with 70% of their total profit per trade.
Copiers will see their profit fee per sell order that got filled, and likewise, leaders will see how much profit they made from all followers for the sale.
Leaders and Copiers alike will have a complete copy trading session history with portfolio performance, order history and fund transfers between their main wallets and the copy trading portfolios.
- Treasurer & Wallets
The treasurer, responsible for the Ethbits Hot Wallets for currencies BTC, ETH, and ETBS have been finished and tested. We are looking also into possibility of adding USDT deposit and withdrawal support (erc20 variant)
The cold storage mechanism on the Ethbits side has been implemented. Simply explained, the treasurer will make sure to keep a larger proportion of all funds (via automated deposits) in separate multisignature accounts, controlled by organizations, instead of trusting the platform itself with all funds.
If funds reach a low threshold in the Hot wallet, the custodians of the cold storage are notified to take required action to top-up the Hot wallets. During this time there is a small chance the Hot wallet may become depleted and users with withdrawal requests might have to wait a little longer, until funds arrive. This is a possible but unlikely scenario as time moves on and the daily volume and total amounts of funds increase on the exchange.
- Security
This has been a main area of concern the last few months. I have been replacing all the servers with fresh ones, updating operating systems, databases, and other software dependencies. This will not ensure those are secure but will also result in some performance increases.
The platform architecture has also been modified to increase security by reducing the attack surface, as well as implementing stricter firewall rules. We are also adopting better monitoring and early warning and freezing systems to mitigate attacks.
We are also heavily adopting the FIDO2 WebAuthn standard to make use of the very secure modern authentication process. Strict FIDO2 only, with hardware keys will be enforced for Ethbits employees and their web portals, and will be optionally available for users of the platform to use for their own account sign-in.
On the cold storage side, multisignature accounts will be set up for each cryptocurrency, where no single person or entity alone can move the funds. The sharded private keys of these accounts will be kept in offline wallets, and on hardware wallets where possible.
We have been consulting with security firms to evaluate our policies, processes, and our managing of funds. We are having our existing smart contracts re-evaluated, to give it an objective seal of approval.
We are all hard at work getting this project done and provide a very attractive copy trading platform, ready for the next crypto bull run. I am strongly committed to this project. It has been very exciting thus far. We are still keeping our promise this time around for launch in Q1, by the end of March. Now that the end is so close, you can expect more updates coming out soon.
Roan
DEV UPDATE:
Dear Ethbits Community,
Time for a long due update from our side. I know most of you are eager to log into Ethbits and start trading again. Many are rightfully frustrated at the unending delays to the delivery of the promised features.
Due to a lot of circumstances, including last years hack resulting in the loss of funds, the replacement of the dev team, shifts in the regulatory landscape, and challenges with developing the copy trading algorithm, Ethbits is forced to make decisions to delay the relaunch when it makes sense to do so. We would rather make sure things are done 100% and the users have a perfect platform until we go live again.
Realize that some promises were made before the hack, and the consequences and aftermath of it has put a lot of additional steps in our timeline. I myself started July 2019, with limited documentation, incomplete source code, it took much longer to explore and evaluate all the moving parts involved, to ensure that our APIs are safe and secure, and to prevent another hack.
- Copy Trading
Since the last update we have made some changes to our UI design. The remaining work lies here to display the stats and charts for the leader and copier sessions. The UI looks sleek and modern. Leaders have profile pages where users can find information and important stats on traders. Leaders will be able to track their overall performance in an intuitive way.
Leaders will collect a small % fee from their copiers on every successful trade (Sale with profit). The platform will also take a small fee of that profit leaving the copiers with 70% of their total profit per trade.
Copiers will see their profit fee per sell order that got filled, and likewise, leaders will see how much profit they made from all followers for the sale.
Leaders and Copiers alike will have a complete copy trading session history with portfolio performance, order history and fund transfers between their main wallets and the copy trading portfolios.
- Treasurer & Wallets
The treasurer, responsible for the Ethbits Hot Wallets for currencies BTC, ETH, and ETBS have been finished and tested. We are looking also into possibility of adding USDT deposit and withdrawal support (erc20 variant)
The cold storage mechanism on the Ethbits side has been implemented. Simply explained, the treasurer will make sure to keep a larger proportion of all funds (via automated deposits) in separate multisignature accounts, controlled by organizations, instead of trusting the platform itself with all funds.
If funds reach a low threshold in the Hot wallet, the custodians of the cold storage are notified to take required action to top-up the Hot wallets. During this time there is a small chance the Hot wallet may become depleted and users with withdrawal requests might have to wait a little longer, until funds arrive. This is a possible but unlikely scenario as time moves on and the daily volume and total amounts of funds increase on the exchange.
- Security
This has been a main area of concern the last few months. I have been replacing all the servers with fresh ones, updating operating systems, databases, and other software dependencies. This will not ensure those are secure but will also result in some performance increases.
The platform architecture has also been modified to increase security by reducing the attack surface, as well as implementing stricter firewall rules. We are also adopting better monitoring and early warning and freezing systems to mitigate attacks.
We are also heavily adopting the FIDO2 WebAuthn standard to make use of the very secure modern authentication process. Strict FIDO2 only, with hardware keys will be enforced for Ethbits employees and their web portals, and will be optionally available for users of the platform to use for their own account sign-in.
On the cold storage side, multisignature accounts will be set up for each cryptocurrency, where no single person or entity alone can move the funds. The sharded private keys of these accounts will be kept in offline wallets, and on hardware wallets where possible.
We have been consulting with security firms to evaluate our policies, processes, and our managing of funds. We are having our existing smart contracts re-evaluated, to give it an objective seal of approval.
We are all hard at work getting this project done and provide a very attractive copy trading platform, ready for the next crypto bull run. I am strongly committed to this project. It has been very exciting thus far. We are still keeping our promise this time around for launch in Q1, by the end of March. Now that the end is so close, you can expect more updates coming out soon.
Roan
Re: [ANN] Ethbits Crowdsale (ICO) MORE THAN 13644 ETH RAISED !
Roadmap has been released
"After many changes, discussions and a lot of planning we are happy to say that we are confident in the new timeline.
Having a dedicated developer has made a huge difference in our process.
Stay tuned!"
Re: [ANN] Ethbits Crowdsale (ICO) MORE THAN 13644 ETH RAISED !
The New Kids On The Blockchain chat to Nicholas Khan-Roper about crypto currency becoming an asset class anyone can invest in easily and how regulation will help the marketplace
We also discuss the launch of new exchange ETHBITS, a new trading platform that will make trading easy and how Malta is helping regulation in the cryptocurrency exchange market and the importance of KYC in this process. Also coming soon copy trading!
https://www.youtube.com/watch?time_continue=19&v=4LtFMMaEvF0
We also discuss the launch of new exchange ETHBITS, a new trading platform that will make trading easy and how Malta is helping regulation in the cryptocurrency exchange market and the importance of KYC in this process. Also coming soon copy trading!
https://www.youtube.com/watch?time_continue=19&v=4LtFMMaEvF0
Re: [ANN] Ethbits Crowdsale (ICO) MORE THAN 13644 ETH RAISED !
Ethbits Official Bot:admin
Dmitry Sergeev:
Hello dear users. This week we have faced some issues: integration of the service for KYC Onfido and the tuning of load balancer servers.
These things took more time than we had expected and now we have to test the whole project. Now that we don't have any problems with launching, I am ready to name the exact date of launch - September 21st. Quality and security in development of such type of project - is the first priority.
I want also to remind you that we will launch with 4 types of orders (Market, Limit, Stop and Stop Limit), multiwallet system, KYC. Beside that there are fiat pairs on the way. Friday evening (20GTM) you guys will see a renewed design of the page www.ethbits.com
Stay tuned for our updates. Thank you!
Dmitry Sergeev:
Hello dear users. This week we have faced some issues: integration of the service for KYC Onfido and the tuning of load balancer servers.
These things took more time than we had expected and now we have to test the whole project. Now that we don't have any problems with launching, I am ready to name the exact date of launch - September 21st. Quality and security in development of such type of project - is the first priority.
I want also to remind you that we will launch with 4 types of orders (Market, Limit, Stop and Stop Limit), multiwallet system, KYC. Beside that there are fiat pairs on the way. Friday evening (20GTM) you guys will see a renewed design of the page www.ethbits.com
Stay tuned for our updates. Thank you!
Re: [ANN] Ethbits Crowdsale (ICO) MORE THAN 13644 ETH RAISED !
Ethbits ITrade beta is live!
If you have registered to be a beta tester on https://itrade.ethbits.com/ you will get an email how to participate
https://blog.ethbits.com/2018/06/07/itrade-beta-is-live/
Re: [ANN] Ethbits Crowdsale (ICO) MORE THAN 13644 ETH RAISED !
What happen all in less a day the price hit $9?
I didn't even heard some users got their airdrop, no itrader page that works yet or will there be. This project seem to be a long term scam, they appear on several events like coinfest but not here in the forum.
You are an idiot.
Did you not see https://www.ethbits.com/ or preview of itrade platform http://itrade.ethbits.com/ ?
Re: [ANN] Ethbits Crowdsale (ICO) MORE THAN 13644 ETH RAISED !
I dont know if you guys realize but the preview of the ITrade Copy platform is out http://itrade.ethbits.com/
Re: [ANN] Ethbits Crowdsale (ICO) MORE THAN 13644 ETH RAISED !
https://twitter.com/EthBits/status/943917169875849222
ETBS is happy to be a Silver Sponsor at BTC Miami @keynote_ae January 18-19 2018.
We will have a booth setup. Come say hi
ETBS is happy to be a Silver Sponsor at BTC Miami @keynote_ae January 18-19 2018.
We will have a booth setup. Come say hi
It looks like ONIX was added to Ethbits Local platform
https://twitter.com/EthBits/status/934837797525114880
https://twitter.com/EthBits/status/934837797525114880
Re: [ANN] Ethbits Crowdsale (ICO) MORE THAN 13644 ETH RAISED !
Re: [ANN] Ethbits Crowdsale (ICO) MORE THAN 13644 ETH RAISED !
Dmitry Sergeev:
Hello everyone! Today, as we promised, we're launching a new version of Ethbits Local. New design, new features. Official launch will be announced today on all social media and by email newsletter. The only thing we want to apologize for is that by today's launch XMR will not be available for trading because of desync and blockchain options. But such currencies as BTC, ETH and ETBS will go on working as before.
Also I would like to point out that we added support of all the countries, 168 currencies and 78 payment methods. So anyone from any part of the world could create an offer to buy or sell cryptocurrency.
Once again, thank you all for your support, we will not disappoint you. Stay tuned for the updates in the newsline of Ethbits.