UPDATE - Oct 31, 2018:
The Topex ICO ended without being able to raise the Softcap, I'm sure you know what that usually means. Please find below and an announcement from the CEO retrieved from their Telegram Group
TPX token public sale and Bounty campaign are officially closed. Topex.io raised 85,93 ETH but unfortunately haven't reached softcap. Ethereum will be returned to all ICO contributors, TPX tokens will be withdrawn from their wallets. We have recorded and counted all bounty and airdrop campaign participants, but awards for bounty campaign and airdrop campaign will not be distributed. All TPX tokens will be minted(total supply) and will be stored in founder wallets for further usage.
We will continue get private KYC investments through a form on the Topex.io website. Send your investment request and we will send you all details about current status. Topex.io still save softcap and if it will be reached, all bounty and airdrop participants will be awarded.
Follow us in official Twitter account and Telegram channel for news. Thanks!
TL;DR: Topex is a new cryptocurrency exchange with daily trade loss compensation (up to about 100%), and daily exchange profit distribution among TPX token holders. The exchange is primarily targeting new cryptocurrency adopters.
Background: The Problem
Blockchain’s exploits and more specifically cryptocurrency’s fantastic growth and potentials have since become the rave of the both the social and the news media. The positive and negative increase in media coverage has created an increase in the number people joining the crypto world daily, either as actual investors or potential investors.
However, the high volatility and high-risk nature of cryptocurrency has become a hard pill to swallow for most of these early cryptocurrency adopters, though experience ones face the same fate, they have the experience to be able to navigate through the volatility and the risk, because the dynamics of the crypto market is so unpredictable that nearly no one can correctly say how the market will go, even in the next few hours.
Since, centralized exchanges (CEX) have been at the core of the crypto market, creating the core liquidity for the crypto sphere to thrive, they have equally been at the center of the Risks attached. A number of top exchanges have experienced major hacks that have led to the loss of investors’ funds; a case in point is MtGox, one of the popular earliest crypto exchanges, which was close down because of a huge loss of investors’ crypto assets due to a major hack.
This led to the development of decentralized exchanges (DEX), which were supposed to provide a viable alternative to CEX, become the solution and restore confidence. Unfortunately, current implementations of DEX is too complex for the average users, while it doesn’t yet meet the requirement of professional and experienced crypto users. So, the main volume of the crypto world’s liquidity still lies with CEX.
In response to the above issues; Topex is totally changing the existing impression about crypto exchanges by creating a whole new implementation, where users are paid daily compensation based on their trading volume, in event of unsuccessful crypto investment, in addition to daily exchange profit share by the exchange token holders (TPX).
What is Topex?
Topex is a brand new cryptocurrency exchange that simplifies and reduces the barrier to entering the crypto world, by minimizing losses and potential risk attached with cryptocurrency trade or investment, through a transparent daily trade loss compensation system, while the exchange token (TPX) holders will enjoy daily share of the profit made by the exchange.
With the exchange’s unique economic model, Topex intends to drastically reduce the limitation to crypto adoption, by attracting new users, which is expected to drive further adoption and bring in new investments into the crypto world.
Though I can attest to the fact that there are many existing and new exchanges with profit distribution, I definitely don’t know of any with loss compensation, not to mention compensating for losses up to about 100%; that indeed is a game changer.
Topex Exchange Features:
- A Large number of order types: Limit, Market, Stop, Trailing, Hidden and a new Smart order (allows you to minimize losses on trade as much as possible)
- Margin trading: increases your potential profits and your trade loss compensation
- Customizable interface: hide, delete or move all the elements as you want, create a trading interface that suits you.
- Built-in crypto-portfolio that gives you the opportunity to track all changes in profit, share information on purchased coins with other users.
- Seamlessly integration of tradingview.com advance charts: build online technical analysis (TA) and trend lines for your trade strategies.
- Trust management: one of the tools that allow you to partially or completely exclude your actions for buying or selling of crypto-currency.
- Advance prediction system: Topex is developing a prediction system built into the charts to reduce trade losses. It will help to minimize losses of all traders even further.
Roadmap
Token/Coin ICO
Token Symbol: TPX
Platform: Ethereum
Type: ERC-20
ICO Period: September 19 - October 17, 2018
Price: 1 ETH = 5000 TPX
Bonus: 30% in 1st week, 20% in 2nd week, 10% in 3rd week, no bonus in the last week.
Public Crowdsale is live, join now > https://topex.io/ico
All token are locked until the end of the ICO
Topex team plans on buying out TPX tokens monthly, at market price from token owners interested in selling. If this is properly executed, it should also be another growth factor for the TPX token.
Team
Advisors
Conclusion
Having looked critically at all the information available on Topex, I will like to say the team has made a really bold and ambitious proposition. I’m keenly interested in the launch of the exchange and will be following their progress. Topex will definitely be one amongst its equals when fully launched, that I’m sure of. With their unique trade loss compensation plan, this exchange is set to destroy one of the top barriers to crypto adoption among average users. This alone is enough to make a landslide positive impact on the cryptocurrency world.
More About Topex:
Website: https://topex.io/
Whitepaper: https://topex.io/docs/wp/topex.pdf
Onepager: https://topex.io/docs/onepager.pdf
Telegram: https://t.me/topexio
Twitter: https://twitter.com/topex_io
Facebook: https://facebook.com/topex.io.exchange/
Github: https://github.com/topexchange
About Author:
Bitcointalk Username: edundayo
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1004920
Telegram: https://t.me/edundayo