Update #38: Token Challenge Live!

Posted by The Bullex team on May 15, 2019, 2:36:22 AM
The Bullex team

Our Token Challenge is live and we're progressing towards our grand opening! A lot has happened in the last two weeks, so this update will mainly be a recap of all that has occurred and a welcoming to all of our new community members.

Welcome!

We've had an explosion of new users over the last few days since our token challenge started, so welcome to everyone that is just learning about Bullex! Our announcement of the soft launch/open beta can be found here, and it also includes a short FAQ about the launch. Here is also a highlight of some of our main features:

  • Industry Leading Security: The backbone of our exchange is operating on software proven on some of the biggest exchanges around.

  • Regulatory Compliance: We will not be moving our headquarters from country to country in an attempt to stay ahead of the authorities. Instead, from day one we will be complying with all KYC, AML, licensing laws, and any other pertinent regulations. An account that has fully passed KYC requirements is required before trading and withdrawals are permitted.

  • Dividends and Profit Sharing: Bullex will provide opportunities to holders of DRPU and DRPS (DCORP’s tokens) to share in our success. When Bullex is profitable, DRPS holders will be entitled to dividends as long as appropriate KYC steps are taken on DCORP’s main website. Due to security laws around the globe, DRPU holders are not entitled to automatic dividends, but can earn their share of the profit by completing certain tasks and completing the same KYC requirements. More details will be released on this in the future.

  • Trading:

    • 9 Supported Order Types: Bullex supports a wide range of order types:

      • Market

      • Limit

      • Stop Market

      • Stop Limit

      • Trailing Stop Market

      • Trailing Stop Limit

      • Fill or Kill

      • IOC

      • Reserve

    • Advanced Arbitrage Information: The “Orders” page provides all of the expected information on your open orders, but it also includes arbitrage calculations for each open order to alert you if there is another trade option with a more profitable outcome.

    • Linked Order Books: Many of our order books are linked to exchanges like Bitfinex and Kraken ensuring increased levels of liquidity.

    • Fully Featured Charts: Bullex includes TradingView charts on the trading page which opens up many tools for traders to utilize.

    • Discounted Trading: Our already competitive trading fees of 0.20% taker and 0.10% maker are made even more enticing with the ability to pay fees in DRPU. This provides a 50% discount so taker fees are 0.10% and maker fees are 0.05%.

  • Educational Academy: Bullex will link with our Academy on dcorp.it to provide a place for users to learn about all of the assets on Bullex and blockchain in general.

  • Rewards: You will be able to earn rewards by completing actions such as signing up for our newsletter and making your first deposit! Reward amounts are subject to change as the value of DRPU changes over time.

  • Fiat Support: At our grand opening, Euros will be able to be deposited to Bullex’s IBAN account using your personal code generated with your account. Euros will be traded on Bullex in a tokenized manner as EURB, an ERC20 token fully backed by the Euros. Withdrawals are support of EURB to your ERC20 compatible wallets, and if you choose to withdraw to your bank account, EURB is automatically converted to EUR and deposited in your account. USD support is in progress.

Two Week Recap

Here is a recap on all of our major announcements and news since update #37 two weeks ago.

  • Several new people have joined out team on a full-time or part-time basis to help with our development and support. Please find out more at https://blog.bullex.eu/update-37.5.
  • We've created a new public Favro board to help track all of the requested feature sand bugs we're working on. It can be found here.
  • A change log has been added here so everyone can see what has been implemented in previous updates to Bullex.
  • The Token Challenge has started! Please visit https://blog.bullex.eu/token-challenge to learn about how you can earn up to 25 DRPU! The challenge started May 13th and will last a total of 30 days. This is our first major marketing program, and we're excited for the results we're already seeing!
BCH Upcoming Fork

The upcoming Bitcoin Cash (BCH) network hard fork is part of scheduled protocol upgrades. The hard fork is scheduled for May 15, 2019 beginning at 12:00 PM UTC. The AlphaPoint Operations team will be upgrading the Bullex wallets in preparation of the fork before May 15th, and on the day of the fork all deposits and withdrawals will be disabled two to six hours before the fork. The upgrade process should take a few hours, and once the upgrade is complete, and the network reaches consensus deposits and withdrawals will be enabled again.

Closing Remarks

In case you missed it, you can find our last update here and the feed of all our past updates here (until everything is migrated to our native blog) and here!

If you’re interested in learning more about DCORP and Bullex and would like to join our community, please subscribe to, or join, our social channels:

Thanks for reading and happy trading!

 

 

Topics: Feature List, Bullex, Crypto Exchange, DRPU, Soft Launch, token challenge