IEO Exchange Whitepaper Telegram Bounty Campaign
SCALPEX — crypto exchange with the unique solutions. Starting the development in 2019 our team was able to release the first alpha version of Scalpex exchange in less than a year. By today we are glad to offer you a number of unique features:
Scalpex Token
The company is launching the Scalpex token (SXE). Token is a smart contract (ERC-20) in the Ethereum network. A total of 50 000 000 tokens will be released, an additional emission is not available.
Utility
- Scalpex token holders will have an access to the preview-version launching in the beginning of September;
- Discount on commission - holding Scalpex tokens reduces the fee for spot and margin trading;
- Early access to the new and experimental features - token holders will have the opportunity to use them before others;
- Exclusive access - some trading strategies like the trading limits increase (max position) will be available only for the token holders;
- Internal payments - tokens can be used to pay for fees or other exchange services.
IEO
- IEO will be held in several steps. Initial coin offering and presale of tokens will be done at the Scalpex IEO platform. All tokens that remain after Stage 3 also will be offered at the Scalpex exchange. The final stage is open-ended. The basic price of 1 token (after listing on the exchange) is 1 USDT.
Repurchasing
- After public release of the exchange and token listing the company will start to buy tokens in accordance to previously derived commissions, 50% of all commissions will be spent for buying tokens on the exchange. All purchased tokens will be burned with a limit of 50% from the initial supply (25 000 000).
Token distribution
- 40% of all tokens allocated to the Founding team will be distributed inside the company. Scalpex undertakes to hold these tokens on their wallets during the first year of work and to use no more than 25% of these tokens (5 000 000) each subsequent year. This is the way in which 20 000 000 tokens will be issued into circulation in the next 5 years.
Funds distribution
- 40% of funds will be spent for the platform development and support
- 40% of funds will be spent for the marketing purposes
- 20% of funds will be reserved for contingencies
Income and expenses
- The major source of income for the exchange are commissions for trades. Scalpex charges a small (0.04%) commission for performing trading operations on the exchange. Thus a company's income directly depends on the volume of performed trades. We will considerably increase the trading volume through the trading robots, because robots could perform several times more trades than the ordinary trader. Company’s expenses consist mainly of operational costs (salary, taxes, infrastructure maintenance) and marketing costs (advertising, promotion, etc).
