BINEX.TRADE’s Monthly Report for August 2018

August 2018 has been a crucial month for BINEX.TRADE as it has been the realization of our initial milestones. The exchange underwent various rigorous testing phases to attain perfection in every aspect. We have ensured that every step undertaken makes a progressive difference before we are live and functional. Abiding by the mission and vision of BINEX.TRADE, below are the noteworthy developments:

Crowdsale ended: The crowdsale that began on 9th March 2018 successfully ended on 17th August 2018 as we reached the hard cap of 18 million BEX tokens. We are elated about the achievement as our users aided us in reaching the target way ahead of time.

We believe our gratitude towards the BINEX.TRADE community can be extended only through a service par excellence, more than what was promised.

More than 200K registrations: This month has been significant in terms of the number of new user registrations on BINEX.TRADE. Our community is our strength, so every registration contributes to the phenomenon of fortification. It gives us immense pleasure to announce that BINEX.TRADEcommunity is more than 200K strong now.

As of now, we have paused the registrations until we launch the Beta version of our exchange because coin listing and data migration are in process. We shall resume the registrations after the launch of our Beta platform. We shall continue with 1 BEX Bonus till the exchange achieves 560K registrations.

More than 3000 users on our demo platform: The response after the rollout of our demo platform was quite good from our users’ end. More than 3000 users tested our demo platform and the exchange rewarded them with 1 BEX each for their valued time and presence.

Third party security audit: The exchange has undergone a third party security audit for a close inspection if the platform is absolutely secure and befitting to go live.

Twitter and Telegram followers: This month, our Twitter reach has grown extensively and we have more than 3500 happy followers on our official handle. Likewise, our Telegram handle has a strength of 12K now!

Ambassador Program Update: We have added a few more ambassadors to our existing ambassador list this month. There are total 12 ambassadors on board now.

Beta Launch postponed: As discussed above, we felt scrutiny and testing should be intensified in order to deliver the best to our users. Currently, final rounds of testing are underway, therefore, we decided on postponing the Beta launch of our trading platform. As action speaks louder than words, so we rather preferred to be late than sorry. The BETA Launch is now on September 4th,2018.

Let’s have a glance at BINEX.TRADE’s goals for future:

  • Stabilize Operations — First and foremost, BINEX.TRADE aims to stabilize the operations so that the traders can trade on the exchange platform seamlessly.
  • Launch Mobile App — We intend to launch a fully functional mobile app for the exchange. This would add up to the accessibility quotient as access will be at your fingertips. Users will be able to access the trading platform on the go.
  • Launch Margin Trading — Margin trading is one of the prominent features that we aspire to introduce in the coming days.
  • Launch Multicurrency Wallet — We have plans in place to incorporate an in-exchange wallet compatible with multiple currencies eventually.
  • Launch Mining — The team at BINEX.TRADE looks forward to having a potential miner for serving the mining needs.

We thank you for your continued support and together we shall make it a roaring success as the BETA Launch happens on September 4th,2018.