Bcnex Exchange - ICO Initial Coin Offering

Welcome to my article !!!
In the previous posts, I introduced you to the information and some basic solutions of the new trading platform BCNEX. And today are still issues related to exchange. And that's the problem you need to know about BCNEX's ICO ( Initial Coin Offering ). Hopefully it will help you get more information about BCNEX.

Summary

Fundraising and the use of Bcnex tokens will help finance platform development and mar-
keting, so they can focus on simplifying cryptocurrency trading and making it mainstream.
Our goal is to create a blockchain-based exchange that is accessible and affordable for all
users for leveraging the benefits of crypto trading.

They will be releasing our own token called the Bcnex Token, symbolized as BCNX.
Total supply of BCNX coins will be capped at 200,000,000 (two hundred million) and new
coins won't be released in the future. BCNX is an ERC223 standard token released on the
Ethereum blockchain.

BCNX coins will be used to pay any fees on our platform, including settling the following basic charges:

When using BCNX to pay fees, users will receive a substantial discount compared with
payments made with other coins:

Each quarter, they will use 20% of our profits to buy BCNX tokens and proceed to burn
them, until we buy back 50% of the total amount of BCNX, which is 100 million (one hun•
dred million). All acquisition transactions will be announced on the blockchain. They will con-
tinue to burn BCNX until there are only 100,000,000 BCNX on the market.

Token allocation

BCNX tokens will be allocated as follows:
• 50% (100,000,000) of tokens will be for public sale
• 38% (76,000.000) will be allocated to Bcnex team members and advisors
• 5% (10,000,000) will be sold to angel investors
• 2% (4,000,000) will be used for bounty program and incentives
• 5% will be reserved for future use

Token Distribution

Tokens allocated to the development team will be vested for 4 years, at 25% per year.
Initial release: 25% (19,000,000)
After 1 year: 25% (19,000,000)
After 2 years: 25% (19,000,000)
After 3 years: 25% (19,000,000)
In the case of not being able to sell all the tokens, the remaining tokens will be destroyed.

ICO road map

The milestones are calculated according to Vietnam's standard time zone (GMT +7).

Angel Funding Round: They will start selling officially on 5 December 2019. The total supply of
the BCNX tokens is 10.000,000 at the price Of $ 0.1/BCNX and does not change until sold
out. There will be a minimum order of $5,000 for angel investors and there will be no limit
to the amount or number of orders placed.

The ICO is expected to commence in May 2019, investors can buy BCNX in four periods,
first come first served, until the sale reaches a hard cap of $30,000,000 or 100,000,000
BCNX tokens are sold out. At later stages, prices will increase compared with previous peri-
ods.

Fund usage

40% of the money will be used to build the platform for Bcnex and upgrade the system, in-
cluding recruiting talents, training staff, operating budgets, and development.

40% will be used for branding and marketing for Bcnex. promotional campaigns, and intro-
ducing Bcnex as a breakthrough solution in the blockchain industry. This will popularize
Bcnex among new investors and attract users to the platform.

10% will be used for legal. confidential, and auditing purposes.

10% will be used as a reserve fund to cope with any emergency or unexpected situations.

Conclude:

In the article today I have presented quite a bit of information about ICO BCNEX. For me this project is gradually becoming more complete, I hope through this article you will have more knowledge about this project. I wish you all a happy reading, goodbye and see you again in the upcoming articles.

Media socical

Website: https://www.bcnex.net/register.html?jK4zOwVFGl
Whitepaper: https://www.bcnex.net/BCNEX_WP_ENG.html
ANN: https://bitcointalk.org/index.php?topic=5111223.0
Telegram: https://t.me/Bcnex_Official
Medium: https://medium.com/@bcnex
Reddit: https://www.reddit.com/user/Bcnex_Official
Facebook: https://www.facebook.com/bcnex.net
Twitter: https://twitter.com/bcnex_net
Author Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2239114