The world of cryptocurrency has experienced a very big and big thing in recent years no existing crypto eye is able to manage it. One coin is traded on one exchange - the coin is on the other side, but there is no place for all the coins.
STeX.Exchange is the first totally publicly owned crypto-exchange, where one hundred percent of operating profits from commissions are proportionally distributed among all shareholders of STE tokens
STeX is
By providing one place with a platform to exchange all the coins, we know exactly how to make it happen.
Projections
While it is extremely difficult to predict the growth of the cryptocurrency market, 2017 has been a demonstrative year in the growth potential of cryptocurrencies as inventive blockchain solutions, innovative DAOs and awareness of smart contract applications in the real world continue to drive momentum. According to an analyst at Saxo Bank, the Bitcoin market cap could hit 1.75 trillion in 10 years, with its price reaching $100,000. The estimate is that cryptocurrencies will account for 10% of the average daily trade volume of all fiat trade by 2027. Foreign exchange ADV currently stands at $5 trillion and we can
follow growth estimates to assume that cryptocurrencies could account for $500 billion by that time. In the next section we illustrate projected cryptocurrency commissions over time following the expert’s self-proclaimed ‘conservative’ estimation.
Average daily trading volume in 2017: $2.1 Billion
Projected daily trading volume in 2027: $500 Billion
STeX market share (optimistic, realistic & worst case scenarios)
We expect to acquire of at least 5% of the cryptocurrency exchange market in the first year of operations and become one of the 10 biggest cryptocurrency exchanges. Based on the above projections for daily trade volume, we have listed the estimated return on a purchase of 1,000 STE after 1 Year of STeX's release, with a pessimistic, realistic and optimistic market share. All below calculations are based on the assumption that STeX will be able to
collect commissions at the rate of 0.2% for 50% of all transactions on stex.exchange. From this amount, 50% will be deducted in favor of the affiliate program, user rebate scheme, or other corporate actions targeted at user base growth and loyalty programs.
In other words, we took the industry average commission rate and deducted 75% for possible tier structure rebates, discounts, affiliate programs and free trades etc.
This means that the STeX Project's commissions will be the same, even with alower share of the future market - if the market itself gets bigger. For the purpose of this calculation we use a total supply of 50,000,000 STE. If you expect the STeX ICO to be hard-capped, you should divide all resulting numbers by 2 or use https://stex.exchange/stecalculator directly.
Optimistic Scenario
By acquiring 5% of the currency-exchange market (if it stays on the current
volume of transactions) STeX will be collecting and distributing 0.00805 ETH for
every 1,000 STE tokens on a daily basis, or 0.2455 ETH for every 1,000 STE
tokens on a monthly basis, or 2.94 ETH for every 1,000 STE tokens annually.
Expected STE price is 58 ETH for 1000 STE (based on a P/E ratio of 20).
Realistic Scenario
By acquiring 2% of the currency-exchange market (if it stays on the current
volume of transactions) STeX will be collecting and distributing 0.00292 ETH for
every 1,000 STE token on a daily basis, or 0.089 ETH for every 1,000 STE tokens
on a monthly basis, or 1.066 ETH for every 1,000 STE tokens annually.
Expected STE price is 21 ETH for 1000 STE (based on a P/E ratio of 20).
Worst Case Scenario
For the worst case scenario, we calculated the break-even point for the project
using the assumptions mentioned above. If the project gets no more than 0.3% of
the cryptocurrency exchange market, it will have no commissions to distribute
among STE holders. However, there are enough contingency funds to keep it in
operation for several years in 'survival mode' and we have many backup
strategies to rectify a situation like this.
STE Token Holder Benefits
We are the first cryptocurrency exchange and probably the first ICO ever to
distribute 100% dividends among token holders. With STeX, 100% of collected
commissions for the trades on the exchange are distributed (excluding
expenses) between STE holders, and this is not a benefit that will lessen over
time - it will stay with you for as long as you hold your STE.
Even if at some point the project is forced to re-engineer the method of such
distributions due to legal requirements, the main principle will remain
unchanged; 100% of the commissions - excluding expenses - will be distributed.
From the start, distribution will be in ETH.
ICO Main event
The price of STE during the main ICO event will remain at 0.002 ETH per 1 STE
token during the first 8 hours. We define 1 hour as the amount of 3600/13.6 of
the new blocks added to blockchain in the Ethereum network. The countdown on
our website will help you to understand the current stage of the ICO.
The main ICO event will take place for only 8 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 8 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 (5,000,000 STE) has been
distributed.
All the transactions processed in the Ethereum network blocks with a number
greater than the announced closing block, and/or transactions processed after
the main event's amount of STE has already been distributed - will take part in
the rolling auctions, unless the current auction starting price is greater than the
user-specified price limit.
In case the previous auction was closed by the deadline, the next auction's STE
supply will be decreased by 10%. In case the previous auction was closed by
funds cap, the next auction's STE supply will be increased by 30%. Please note
that these values, as well as the other, including the exact duration of the ICO
stages mentioned in chapter 8 may be adjusted during the ICO.
In this case, bid No:10 for 30 ETH will be filled at the price of 2.50 ETH per 1,000
STE because it falls within the top 10 % of largest quantity bids. Plus, bid
numbers 4, 7, 2 and 9 will be filled according to the entered price because they
are within the top 40% of bids with the highest price.
For the auction No:2, the starting price will be 2.625 ETH per 1,000 STE (5%
higher than yesterday's price), and so on. Please note that the described settings
are adjustable and can be tuned during ICO to provide better opportunities for
the participants and the project itself.
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.
Use of ICO Funds
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% Advisers (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, up to 2%, no more than 2,000,000
STE). Please note that STE market-making pool and team members’ options pool
(before execution) is excluded from commission distribution). Undistributed
tokens will be burned, if more than 30% of maximum supply (30,000,000 STE)
was sold and the ICO is closed.
On top of that, 30% from total final supply will be issued for
the founders (no more than 30,000,000 STE)
Team
Website; https://stex.exchange/ico
Join Ico: https://stex.exchange/join
Telegram: https://t.me/stex_official
Twitter: https://twitter.com/stexexchange
Facebook: https://www.facebook.com/icoShowcase/
Youtube: https://www.youtube.com/channel/UCyMU9bJjGz0AgZVKR9J2-kg
My Profile: https://bitcointalk.org/index.php?action=profile;u=913491
Eth: 0x78b383c8944CE0CE0AF242E968080bcF1A72b7C8
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