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Stoxum 2.75/5 (1) - Cryptocurrency exchange platform

Stoxum is the world's first exchange platform for cryptocurrencies where each holder of the STM token becomes a co-owner and can rely on revenue from the exchange's profit proportional to the number of tokens available for emission which eventually decreases that inevitably increases the value of the token. Let's make an assumption in which the company issues 100,000,000 of tokens at a token price of $0.20. At the same time, the daily turnover of the exchange is 10,000 BTC, and the commission for trading is 0.15%. The trading volume per month will be: 10,000 x 30 = 300,000 BTC. We will receive the exchange's profit from the auctions for the month of 300,000 / 0.15% * 2 = 900 BTC =...

Token sale ended

2.8
Hype5.0
Security1.0
Team2.0
Vision3.0
  • Token: STM
  • Price: 1 STM = 0.00002 BTC
  • PreICO start: 10 May 2018
  • PreICO end: 25 Jun 2018
  • ICO start: 1 Jul 2018
  • ICO end: 10 Aug 2018
  • Country: Canada
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Please rate this

Stoxum is the world’s first exchange platform for cryptocurrencies where each holder of the STM token becomes a co-owner and can rely on revenue from the exchange’s profit proportional to the number of tokens available for emission which eventually decreases that inevitably increases the value of the token. Let’s make an assumption in which the company issues 100,000,000 of tokens at a token price of $0.20. At the same time, the daily turnover of the exchange is 10,000 BTC, and the commission for trading is 0.15%. The trading volume per month will be: 10,000 x 30 = 300,000 BTC. We will receive the exchange’s profit from the auctions for the month of 300,000 / 0.15% * 2 = 900 BTC = $8,100,000 (at the bitcoin exchange rate of $9,000) Having bought 1,000,000 STM tokens for $200,000 you will receive 1% of the income of the exchange, which is 8,100,000 / 100 = $81,000 per month. Approximate payback period of investments will be no more than 3 months from the moment of the exchange exit on the expected financial indicators. This example does not include revenue from commissions to withdraw funds to another purse which is one of the main sources of the exchange’s profit, but it is difficult to predict and it is dynamic depending on the work of a particular blocking network. Also the example is not a call to action and it is of an abstract nature.

The project code and documentation will be published in open access on the GitHub.com service which will allow not only to study the technical side of the project but also to propose its changes. Everyone will be able to start and maintain a master node to increase the decentralization of the project and to help distribute working nodes around the world. The Stoxum ecosystem itself will consist not only of the main site but can also offer a quick and efficient White Label solution which at this stage has no analogues – a pooled liquidity pool for all sites within the ecosystem. With this model even a significant increase in one site will affect the entire ecosystem and increase the income of the holders of the token.

Advantages for the trader

For comfortable use of the product, the trader needs to observe several important qualities of the product: ease of use, ease of interface, speed, lack of technical problems and operational support. Each trader will have access:

  • Clear and accessible interface: Because of many years of experience working on cryptocurrency exchanges we have created an interface that is intuitive even for the beginner and the quality of the technical implementation of the product minimizes the number of technical problems that can cause the user to use technical support.
  • Registration: Any user can be registered on the platform by entering an email address, nickname and password. All users’ information is secure and exposes to terminal encryption which will make it impossible for the user to associate with any financial transactions or purses in the event of a database theft.
  • Internal currency purses: Immediately after registration each user will receive a list of unique personal purses for each currency that is traded on the service. It is a classical purse in the blockchain system that can be used without problems to receive and send funds to any third-party purses. Also these purses are suitable for mining.
  • Deposit and withdrawal of cryptocurrency: Each user can make financial transactions between the purses of any platform that supports the selected currency. For every operation to withdraw of funds to third-party wallets, a commission is charged in favor of the exchange which is regulated by the internal policy of the platform.
https://www.youtube.com/watch?v=5fbKAPc2nYY

Team

Advisors

Milestones

  • 2016, September-December
    The origin of the idea Search for like-minded people and expansion Creation of a team for project implementation
  • 2017, January-March
    Development of the project concept Consulting with traders Analysis of pros and cons for a decentralized type of exchanges
  • 2017, March-June
    Working out the interface of the platform Development of algorithms for trading bots
  • 2017, July-December
    Platform architecture development Expanded distributed development team
  • 2018, April-July
    Conducting ICO A marketing campaign to attract investors Arrangements with third-party exchanges to place a token The internal alpha test for exclusive investors
  • 2018, April-July
    Conducting ICO A marketing campaign to attract investors Arrangements with third-party exchanges to place a token The internal alpha test for exclusive investors
  • 2018, August
    Running a closed BETA test for token holders Start placing tokens on third-party exchanges
  • 2018, September
    Running the BETA-version of the platform Token is traded on 3+ exchanges Accommodation on CoinMarketCap
  • 2018, October
    Publishing an open source client code Launch the White Label Solution Commissioning of the master node and the mechanism of decentralization
  • 2018, October
    Publishing an open source client code Launch the White Label Solution Commissioning of the master node and the mechanism of decentralization
  • 2018, December
    Running trading bots on the platform Start voting for the addition of coins
  • 2019, January
    Token is traded on 10+ exchanges

Token

  • Platform: Ethereum
  • Price: 1 STM = 0.00002 BTC
  • Accepting: BTC
  • Token distribution: 50% - Marketing 40% - Technical support and implementation 10% - Advisors & Bug bounty program
  • Soft cap: 2,000,000 USD
  • Hard cap: 30,000,000 USD

Proof Points
1/5

Legal entity

The team responded in telegram. A fact of registration (line 1004). Proof link to registry not found.

https://www.cr.gov.hk/docs/wrpt/wk_new&changednamecoys_20170828.pdf

 

Prehistory of project

According to the roadmap, first activities for project were at Q4 2016.No prehistory of the project were found

Product or its MVP

Launch of the closed BETA test of the platform at August, 2018

Blockchain experience

Advisor Jose Emmanuel – Lead Community Manager at Bitmillex

Head of Community at Truztar

 

Advisor Brian Juat – Community Manager at Bitmillex

 

Advisor Dean Karakitsos – Founder of Bloqchain Science

Advisor at AnkorusTranscodiumCannaSOS and Dogezer

Ambassador at Blok

Escrow

No Escrow information were found

Comments

Update 06/06/2018

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