WCX Token E-mail Project Updates: Countdown to Launch

in cryptocurrency •  7 years ago  (edited)

Just got an e-mail update from WCX (31 December 2017) regarding the WCX project. The e-mail contains the progress WCX is making and the product launch even before the ICO sale.



Snapshot from e-mail

WCX: Global low-cost digital currency exchange offering a pro experience with 10x lower fees.

Project Update

Dear WCX Community,

WCX recently crossed 1.3 million sign-ups. That’s more sign-ups than most exchanges active today.

Every month, WCX is visited by more than 2 million people, almost half of whom are from non-English speaking countries — which speaks to the global nature of the project.

When WCX was announced just a few months ago, our vision was to create a global digital currency exchange that is secure, reliable, low-cost, and easy-to-use. Today, that vision is almost a reality.

As we look forward to the launch, we wanted to take a moment to express how grateful we are to our contributors, subscribers, and every member of our community. From everyone at WCX, thank you!

Public Launch

The product is feature-complete. Our team is performing integration and load testing, as well as hardening and vulnerability testing, to make sure the exchange is safe, secure, and ready to handle millions of transactions. We’re planning to launch WCX to everyone on Saturday, February 10.

As we mentioned in our previous blog post, we’d initially planned to serve around 30,000 traders with the systems we had built. As of today, the number of people who have signed up for WCX is more than forty times that.

To ensure a secure, low-cost, and reliable experience for all users, we redesigned our systems and rebuilt our team from the ground up to meet this newfound demand.

This new effort pushed back the initially planned launch date. You can take a peek at our new backend systems in our API Reference.

From the very beginning, we’ve been focused on bringing our community the best and most secure product, even if that meant delaying the public launch. We’d rather launch a great product late than a mediocre one before it’s ready.

ICO Planning

The WCX tokens offered in our presale program (limited quantity) have been selling out on a daily basis. As promised, we’ll be holding a broader token sale to sell the remaining tokens about four weeks after the exchange launches to the public.

Leading up to the token sale, we’ll be offering detailed insights into our company roadmap and future plans concerning product and marketing direction.

WCXT & USDP

As a reminder, WCXT tokens will begin trading on WCX approximately two weeks after the end of the token sale described above. WCXT will be issued as ERC20 tokens on the Ethereum blockchain. The trading pairs available will be WCXT/BTC, WCXT/ETH, and WCXT/USDP.

Introducing USDP

USDP is a new digital currency that is pegged to the value of the US Dollar. It allows you to convert out of crypto and hold funds without being affected by volatility and without needing to use a bank.

It’s available initially only to WCX users. More details will be posted at launch.

New Benefits

New benefits have been announced recently for WCXT holders:

  • WCX will use up to 20% of the exchange’s profits to buy back WCXT at market price every quarter, until 50% of all WCXT sold are bought back by WCX. The WCXT bought through this buyback program will be destroyed, hence reducing the available supply of WCXT.
  • You’ll be able to use WCXT to recoup rebates on fees and get discounts on future products such as margin trading.
  • You’ll be able to use WCXT as a base token for the decentralized exchange planned to launch at a future date.

We appreciate your patience as we work to launch the exchange in a safe, secure, and scalable manner. We are proud to have every one of you as a member of our community!

– The WCX Team

Links:

Official Website: https://ico.wcex.co/

Twitter: https://twitter.com/wcxofficial

WCX ICO Sale Affiliate Program

When a friend signs up using your unique link, you get 50 WCXT + 5% of the WCXT they buy, and they get an extra 15% bonus when they buy WCXT.

My WCX affiliation program link enables you to get an extra 15% bonus of FREE WCX tokens.

Do Your Own Due Diligence

Do Your Own Due Diligence Before Investing

Coinbase

I buy my Bitcoin, Bitcoin Cash, Ethereum, and Litecoin through Coinbase. For me, buying them through Coinbase is fast and convenient. Plus, you will get $10 in Bitcoin when you signup at Coinbase using this link and you buy $100 or more of crypto-currency.

The reason I like Coinbase is that they stand up to an over-reaching government: Coinbase Obtains Partial Victory Over IRS, 29 November 2017

Ledger Nano S

For safe keeping I store my cryptocurrencies and tokens on a Ledge Nano S, I bought mine on Amazon.com.

Links to Amazon Products in this Blog Are Provided for Your Shopping Convenience

I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites.

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This content is for informational, educational and research purposes only.
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Thank You!

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Is WCX a scam? Shouldn‘t it start in December?

This update states they believe the public launch of their platform will be in February.

Having worked on many software projects, I know there are always delays. Especially when it comes to application testing and security testing. Launching a project before it is ready can be more of a disaster than launching late.

The current countdown clock has them launching in February. If they push the launch to March then there are two possibilities. One they do not have a strong development team and strong leadership. Two they are using delay tactics to scam more people.

I did not invest more than I can afford to lose into this project. In another project that has communicated more and demonstrated progress, I did invest a good portion that I would not want to lose. That project has already returned 6 times what I put into it.

Right now I am not ready to call it a scam or a failed project. And yes, some projects (like some investments) will fail. I have have several opportunities to purchase more tokens, but have not done so. (And, yes, I have had some stock markets investments completely fail spectacularly.)

Hopefully, if you invested in this, you did not invest more than you were comfortable with after doing your own due diligence.

For me this is a wait and see for now.

Have a great weekend!
Steem on,
Mike

Thanks for this analysis!
Just invested very little and am curious about the further development...

Tracking and staying on top of any investment is always a good idea, "trust, but verify".

Steem on,
Mike

It don't started yet

Their last update on Medium states that they are waiting on regulatory approval. I know how bureaucracy works, it works slowly, especially when it comes to new technology.

Their website says "Launching soon". As we all know everyone has a different opinion on what "soon" means.

Given the updated information, I expect the launch before or by mid-March. If an unknown regulatory issue arises, then it could be as late as May (I sincerely hope not).

Patience is required for all these start-ups, but we also need to keep a watchful eye on them too.

Have a great week!
Steem on,
Mike

Happy new year full of love,

Happy New Year to you too!!

With many 2017 ICO's launching their platforms in 2018, it should be a very good year indeed.

Have a great day!
Steem on,
Mike

we can be friends on Facebook

Thanks for telling about this project ..May this New Year brings you a peace filled life, warmth and togetherness in your family and much prosperity! Happy New Year!

Another one to look into, thanks.
Happy New Year!

We are going to watch a great crypto era ahead.

keep it up.

Niceeee.

great update ...

good work i like it

Mountain View

good post @etcmike

well posted good info