Stex: Shaken But Not BrokensteemCreated with Sketch.

in #cryptocurrency8 years ago (edited)

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Stex is an exchange platform that promises to offer 10,000 cross pairs at the best prices on any exchange. Their ICO is planned for Saturday this week but in-fighting nearly derailed their efforts.

Andrew Makarskiy, former PR manager, allegedly bounced with a third of the funds raised during the pre-sale. The team which included Nick Prays and Ivan Mityaev spilt the funds raised from the ICO between the three of them in order to decentralize the risk and keep the future of the platform out of any one person's hands for exactly this reason. Andrew went nuts, started spreading FUD and refuses to give up the funds or the social media accounts.

If you've been following any of the previous Stex channels such as the Telegram group, Twitter handles or Bitcointalk forums then you need to leave those accounts now. @Provalue (Andrew's handle) can no longer be trusted as he is using these platforms to nuke the project.

I like this project. I loved it from the second I read its whitepaper and the fact that one man would try so hard to destroy what was basically his own creation is disheartening. But I have faith in Nick Prays, and to prove that the Stex team is still dedicated to providing a brilliant project, they are giving what was going to be Andrew's share of the tokens to the pre-sale investors which means that the 'Andrew Issue' is going to result in more tokens for the pre-sale investors.

Now that is how you put a positive spin on a bad situation.

The new official Stex channel is @stex_official (Telegram).

The ICO is still kicking off as expected on Saturday 25 October at 00:01 UTC

100% of the commissions from this exchange will be distributed to token holders. With 10,000 cross-pairs at the lowest prices that makes this the single best aggregator on the market so you know it will handle high volumes.