Buzzex Update - February 18, 2019
Today we have another update for the Buzzex community as we are moving forward with the pre-launch of the Buzzex Exchange.
It has been a bit quiet because we are all working so hard in the backend to ensure we deliver a high quality product and excellent service to our customers the moment we launch.
So without further ado, let’s get started.
General Stats
We are happy to announce that we have crossed the 40,000 signups during our pre-launch so far.
- 1,624,000 BZX have been sold so far during pre-launch, meaning only 376,000 are available at the lowest tier at $0.05!
- 3,244,614 BZX have been distributed as bonus for pre-launch buyers. Please note that this is a lifelong bonus and pre-launch buyers will receive daily coins forever for helping support the project in this early stage.
- At the moment 1053 Masternodes are powering the Buzzex Coin blockchain.
A cryptocurrency exchange is a very complicated business as it deals with handling funds of customers. That’s why we take a lot of measures to ensure the platform, which we have built from scratch, will be secure, fast and give all traders a pleasant experience when using it.
With the majority of bugs fixed and soon welcoming a few new team members who will work hand in hand with our developers, we are happy to announce that we have an estimated launch date which is between March 18 and March 28.
We still won’t announce the exact day as there might be an unexpected (yet slight) delay, which is why we take a margin of 10 days in case this happens.
Our main focus in the final phase is to simply test every little aspect of our platform to ensure we can deliver a great product.
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We have come a long way already and are on the verge of launching a world-class exchange. Our team has done a great job so far and will continue to remain focused on what we need to do to succeed.
We have solved the biggest problem for new exchanges which is initial liquidity, meaning all new traders will be able to buy all coins listed instantly and there won’t be any empty order books.
In the long run, we firmly believe that our business model is what will set us apart. Traders will not only be able to trade for free, but also earn daily dividends on top of that.
Initially, it’s a race to acquire at least 20,000 Buzzex Coins (or more) to activate all the lifelong benefits our business will provide.
It will also be very interesting to see if a major business like Buzzex can be run by a DAO as well. By having a budget on the blockchain that will allow anybody to submit proposals to help the project, and have Masternode owners vote for these proposals on the blockchain, we will create a community of crypto enthusiasts who share the vision for which blockchain projects were built for.
Rigt now however, our main focus is to successfully launch our platform and ensure we make it a platform that has the same level of functionality, features, security and support service as the big exchanges of today.
If that works out, then there is no way that a superior business model won’t be able to compete with those big exchanges as well.
That’s it for now, have a great day!
The Buzzex Team