What is STeX ?
STeX is providing that one place with a platform to trade all existing coins, we know exactly how to make this a reality.
Solving the liquidity problem
With our unique HFT algorithms, originally developed to work on traditional stock exchanges, we can solve this problem: providing access to all trading possibilities from one trading platform and one trading account in the blink of an eye.
Liquidity aggregation
One of our solutions to solve the liquidity problem is to aggregate offers from many other exchanges in one place. Big orders will be executed on STeX at better prices thanks to the automatic collection of all of the best offers from various exchanges.
Liquidity pool creation (collected on ICO)
One of the main reasons to collect more funds during ICO is the ability to strengthen the project's own liquidity pool. This means that a significant amount of cryptocurrency will be available as bid and ask offers on the STeX exchange from the very beginning - with fast execution, managed by STeX's proprietary market making algorithms.
Market makers
On top of that, STeX will be offering direct access through fast API protocols to those who want to become market-makers on the STeX exchange, allowing them to trade without any commissions, along with some other benefits listed in Section 7. For all such trades, commissions will be taken from a counterparty willing to buy or sell at the offered price.
Out of the box MM for every user
On top of the aforementioned which we believe is able to provide more than enough liquidity, we are also going to make it quick and easy for every user on STeX to contribute and profit from the already installed market making algorithm. Several pre defined presets for different strategies will be available and ready to use all you need to do is to specify the amount that you wish to invest in this strategy and express your market view, if any (optional).
Have you tried to switch between coins, following trends in emerging tokens?
That is the problem we focus on at this stage: many coins and tokens suffer from one biggest problem the lack of liquidity. This leads to enormous implications for active traders/investors. Imagine, you have coin A and a nice opportunity to sell it with profit. And at the same time, you wish to invest in a new promising token or coin B. The only problem they are traded (or have best rates) in different exchanges, and if you try to trade this idea, you must finish first trade, then transfer your assets from one exchange to another wasting days and (the world is fast nowadays, remember?) finally missing the brilliant opportunity to raise money and just because of market insufficiency.
With our unique HFT algorithms, originally developed to work on traditional stock exchanges, we can solve this problem, providing access to all trading possibilities from one trading platform, one trading account, in a blink of an eye. And much more. We are going to bring advanced financial instruments like leverage, portfolio margin, futures and options to blockchain world ready to use for everyone wishing to get most out of cryptocurrency trading.
STeX Technology
Decentralization
STeX's own cloud cluster is physically hosted in many countries to prevent the possibility of downtime due to real-world/technological attack or failure.
Crypto security
All STeX systems are encrypted and cannot be accessed without proper authorisation from STeX.
The project's main funds - including user's funds - are stored in cold wallets, not vulnerable to online attacks.
Speed
Superfast cloud processing core internal trades are completed in the blink of an
eye.
Horizontal scaling
Our A2A decentralized technology allows us to support thousands of cross rates simultaneously
Use of ICO Funds
25% - Liquidity pool
15% - Research, development and infrastructure
10% - Legalization
20% - Project marketing (partnership program, bounty program, special promotion campaigns, corporate promotional activities)
15% - ICO marketing (partnership program, bounty program, special promotion campaigns, existing agreements)
10% - Presale participants
5% - Contingency fund
Below is the intended use of funds collected during the ICO. It is based on the assumption that at least 150,000 ETH will be collected. Final proportions may differ due to the fixed costs in some cases.
ERC20 Standard Smart Contract
We have designed the STE token in such a way that it can fully support the whole life cycle of our DAO.
Maximum STE supply
STeX Exchange smart contract tokens - known as STE - have a limited supply of no more than 100,000,000 STE and represent a share in future commissions (excluding expenses) distribution on the STeX Exchange.
Founders stake
After the ICO, founders will receive a 30 % stake in the project in the form of STE tokens. After the tokens are allocated to the founders, all tokens that are not sold will be destroyed, which is calculated by the following formula: This is the provision of the token’s contract :
Tokens for Destruction = General Supply - Presale Sum - ICO Amount - Founder's Tokens.
STE token pre-ICO distribution
Public ownership:
- 2% – Key investor/advisor (no more than 2,000,000 STE)
- 15,036,000 – Presale Participants
- 1,125,000 – Advisors
- 1,388,285 – Partnership and Bounty program
Owned by SteX project :
- 1,248,078 – SteX bounty wallet (1,136,363.63636363)
- 52,344,634 – SmartTokenExchangeCrowdsale Main Contract
- 30% – Issued to Founders
STE token ICO distribution
Total available amount of 53,592,712 STE will be distributed as follows :
- ICO event – Up to 47,586,030 STE
- 2% ICO Bounty program (from ICO supply, no more than 951,721 STE)
- 2% Key investor/adviser (from total supply, no more than 2,000,000 STE)
- 2% Key team member options (from total supply, no more than 2,000,000 STE)
- 2% STE market-making pool (from total supply, no more than 2,000,000 STE)
Benefit all stages for the token holder
We designed this system to appeal to token holders at every stage of DAO's life cycle:
ICO stage
The ICO stage is designed to reward early subscribers with more attractive token prices. The price of STE during the main ICO event will remain at 0.002 ETH per 1 STE token during the first two hours. The main ICO event will take place for only two hours. The exact time for the commencement of the STeX ICO main event will be published on the STEX.EXCHANGE website closer to ICO date, and a countdown timer will be displayed on the home page.
All transactions confirmed during the two hour period from the start of the ICO will be filled with STE in an order of arrival without limitation until the total number of STE tokens dedicated to ICO main event distribution (35,000,000 STE) has been distributed. After the end of the main event, a separate blind auction will take place every 24 hours.
We decided to implement this system in order to raise enough initial funds to bring this project to life at most attractive prices, and get the rest as an operational capital from those who are late. So, we reduce the possibility of failure of the project because of lack of funding on the development stage. Because token supply is limited and defined from the very beginning, we will be able to raise necessary operational funds on stage 3 if sufficient amount is not raised during the ICO stage. Otherwise, stage 3 will be cancelled.
Keep in mind that this project is designed to earn Ether tokens from start, so in worst case scenario operational funds can be earned by the project itself. The only problem is that it will take much more time to reach full-scale operational potential.
For any ICO subscribers, even if you join at a later stage with relatively high prices, the main advantage will be growing demand on STE tokens from new STeX users (because of commissions rebate and distribution policy) combined with commissions distribution itself.
Post ICO stage
We expect to get hold of at least 5% of currency-exchange market in the first year of operations and become one of 10 biggest cryptocurrency exchanges.
All token holders will be rewarded monthly, receiving 100% of project's collected commissions to their ETH accounts.
Apart from internal potential value of the project itself, there is an opportunity to sell STE token for much higher price in the open market because of high demand and price rise.
What is STeX Up ?
You buy our tokens
Buying STE tokens you automatically become a participant of the STeX Up! Partner program and get your referral link.
You spread your partner link
You tell your friends about our preSale and ICO. Make a review on your blog or youtube channel or a forum post.
You earn a "small" fortune
You earn 10% from all bought tokens by people coming through your partner link. For example, you recommend an investor who buys $100, 000 of STE tokens. You immediately earn $10 000. Just inviting two or three such partners you will earn a brand new car. What happens if an investor buy one million?
You earn a house.
Top 10 analysis : jurisdiction, number of coins, number of pairs, fiat D/W, AML/limits, commissions
Competitive Advantages
The STeX system is built in such a way as to enable it to co-exist with other exchanges, creating a symbiotic relationship where a 3rd party exchange will benefit from STeX’s utilization of its markets, through its own fee structure.
STeX.exchange provides :
- Real world financial instruments never before seen in crypto exchanges
- The highest liquidity of any cryptocurrency exchange
- The best rates available, aggregating from all major exchanges
- 10,000 cross rates between the top 100 coins of Q1 2018
- Access to advanced order types and intuitive trade automation tools
- ‘Trustless’ trading - our exchange managers have 0 access to your account funds
- The ability to participate in the platform and receive 100% dividends monthly, paid in ETH
Road Map 2017-2018
August, 2017
STE token Presale
What has been done by our team:
We already created a new concept of exchange system and basic market-making algorithms, which differentiate our project from any other one existing on the market. Key advantage of our system are HFT algorithms, able to provide more liquidity for a coin-to-coin exchange in one place than ever before. The result of that for an end user will be much narrower spreads between buy and sell offers, and the ability to trade much bigger amounts from a single trading account.
September, 2017
Presale hard capped at 15,000 ETH
Presale reached the maximum limit of 15,000 ETH at 14h. 15m. before the exipiration time, leaving many late participants behind. We expect to create the architecture, internal protocols and kernel API's in two months.
October, 2017
Modules development
Separate modules of STeX system are developed. Improved Whitepaper is published and official explanation videos are released. All systems are revised and corrected according to advisers' and community's feedback.
November, 2017
STE token ICO
High speed API, internal algorithms and protocols are ready. Main ICO starts.
December, 2017
Alpha Development
Within the next two months the system core with all the algorithms will be ready and tested under load. At this stage we also will invite users to test our trading terminal.
January, 2018
STE become tradeable on STeX exchange
Right after STE become transferrable after the end of the ICO, it will be listed on STeX Exchange and will become tradeable in Ether as STEETH.
February, 2018
Front-end Production
First users are using STeX trader's interface.
Q1, 2018
Beta release
A user-friendly web-based client with highest level of security access control, taken from real-world trading terminals will provide instant access to biggest choice of coins and tokens with world-wide best bid & ask.
Key concept - you'll need just 1 account to get access to thousands of trading instruments, and the rest will be a fully automated system that takes care of all details. You can choose either a segregated storage under your full control and protection or a common account, giving you maximum flexibility and leverage.
June, 2018
Aditional trading and investment services
STeX Team
The smartest people work every day to provide the best service and to make STeX users happy.
Maxim is the person who will be responsible for the timing, resources and the project risks.
Ivan is responsible for all financial background, including market-making activities, HFT algorithms, stress testing of trading systems, etc.
For more detail information, you can visit our website below :
Posted by Dico88
Aditional trading and investment services
STeX Team
The smartest people work every day to provide the best service and to make STeX users happy.
Maxim Vladykin
PM, Product and Project manager
|
Ivan Mityaev
CFO Compliance and Legal Department
|
Ivan is responsible for all financial background, including market-making activities, HFT algorithms, stress testing of trading systems, etc.
For more detail information, you can visit our website below :
- Website : https://stex.exchange/
- Telegram : https://t.me/stex_official
Posted by Dico88
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