NEWSLETTER FOR APRIL
WHAT THIS MAIL IS ABOUT IN SHORT:
1. We passed 33,000 registered #Bitstenians 29/3-2021. We will continue with the BOT campaign until 50,000 registered users. If you have not yet shared the BOT with friends and family, make sure you do it now: https://t.me/BSTWallet_bot?start=529325693. 15 BST for all new people that completed the tasks in the BOT.
2. You-tube/Video competition extended 2 weeks until April 14th.Updated info.
3. Extra newsletter was sent out last week explaining our progress details.
4. Explanation of what Bitsten 2.0 means and what the future holds
-The evolution of DeFi and CeFi and the logic behind using both WBST and BST for the future
-Why we believe we have positioned BST/WBST to the possibility of exponential value increase.
We aim to release the new road-map at latest when we launch Bitsten 2.0.
WHEN WILL WE START SEEING SOME TRADING COMPETITIONS?
Our aim is to start having some trading competitions in the months to come, and to really start regularly having them once Bitsten 2.0 is up and running.
HOW DOES THE REWARDS/PROFITSHARE PROGRAM WORK?
It is one of the great reasons for buying and holding BST.
Simply by HOLDING your BST in your wallet at Bitsten exchange you earn rewards in the shape of up to 50% of the daily exchange fees.
- CLASS A 100% OF REWARD (100K BST)
- CLASS B 75% OF REWARD (50K BST)
- CLASS C 50% OF REWARD (25K BST)
- CLASS D 25% OF REWARD (10K BST)
- CLASS E 20% OF REWARD (5K BST)
- CLASS F 15% OF REWARD (1 BST)
REWARD IS 50% OF DAILY BITSTEN FEES.
Global Volume bitsten in last 24 hrs = $1,000,000
Global Avg BST at bitsten = 5,000,000 BST
Total Bitsten fee = $1,000,000 * 0.3% = $3,000
Reward = 50% * $3000 = $1,500
For each BST will rewarded = $1,500 / 5,000,000 = 0.0003 BST
For Class A you will receive 0.0003 * 100% * Your total BST Avg 30 Days
For Class B you will receive 0.0003 * 75% * Your total BST Avg 30 Days
YOUTUBE/VIDEO COMPETITION UPDATE: Contributions must be handed to us latest April 14th
•We are going to create awareness to the masses about our own token BST (Bitsten token), and the new exciting features that Bitsten exchange offers its users.
•At this time the largest groups of traders at Bitsten are from the following countries:
1. Indonesia (19%) = Indonesian
2. India (8%) = Hindi
3. Arab Nations(7%) = Arabic
4. Vietnam (6%) = Vietnamese
5. USA (5%) = English
6. Nigeria (4%) = English
•The above languages can participate in the competition.
•1 Winner per language. (IE not 2 English). Total of 5 winners will be selected.
We are looking for YOU to make a maximum 5 minute video in any of the above languages.
Each contributor to full-fill all stated requirement will receive 250 BST as a reward.
The WINNER contribution of EACH language will receive 5000 BST as a reward. All winner contributions will also be used for marketing purposes in all Bitsten social media. You are also allowed to use your own referral link in your video description to make it even more interesting for you!
CONTENT IN 5 MIN VIDEO—RULES OF WHAT YOU HAVE TO COVER TO QUALIFY:
1. Short History About Bitsten
-ICO back in 2017, Indonesian Exchange
2. BST is native token (Bitsten token) Explain token metrics and use cases.
-12 million total supply, all in circulation.
-Compare BST to other exchange tokens/coins. BNB for example has 170 million coins.
Crypto .com coin has 100 BILLION COINS. Huobi token has 500 million total supply. Waves coin 104 million. Kucoin token 170 million… you get the point, we have 12 million, all in circulation!
3. Discount trading fees when using BST for fees Instead of 0,3% its 0,2%.
4. Yield farming (passive income).
Up to 200% per year, If you explain this feature well, you have an advantage to win competition!!!
5.Reward for holding BST(passive income).
BST held on Bitsten will earn daily passive reward (up to 50% of daily exchange fees). Also this needs to be well explained.
6. Rewards through referral (passive income). 25% of your referrals trading fees.
7. Use for Deposit lutmarket (forex). Explore Forex trading using BST as collateral.
8. Used for voting new Listing. The ONLY way to list at Bitsten is by using BST for VOTE, there is no CASH listing available. Explain well! BST will always needs to be bought from market to make a listing.
9. Yield farming and swap are disabled at this time, waiting for Bitsten2.0 to be launched.
Explain the solution to keep earning via farming at kindcow with WBST.
COMPETITION WILL BE ONGOING UNTIL APRIL 14th. Winners will be announced April 15st.
RE-CAP OF EXTRA NEWSLETTER SENT OUT 25/3
link here: https://help.bitsten.com/en/bitsten-and-defi-invitation/
*What is DeFi.
*Liquidity provider for AMM.
*Why is liquidity important.
*How to add Liquidity.
*How much rewards from farming or staking?
*Is it safe to deposit TOKEN-LP to DeFi?
*How big is the chance of profit with DeFi?
*How to start it?
BITSTEN EXCHANGE UPDATE :
*New partnership for Bitsten exchange with Onegetcoin.
*Profit share/reward program now fully operationa.l
*Temporary deactivation of swap and farming.
*Vote new listing is lowered to 150k votes.
*New listings in March.
*De-listings no volume.
BITSTEN TOKEN UPDATE:
*Bitsten token now active on the Binance Smart Chain-network (WBST).
*BST hit ATH (All time high) value over the last 24 months.
*BST is starting to used for staking and farming on kindcow.finance
*Increased demand due to high rewards on farming and staking.
*Our liquidity is increased on Pancakeswap.
*Follow telegram bot for update real time price at Pancakeswap
*Continue running bot campaign.
*Youtube Competition extended to April 15
*Airdrop for WBST at Binance Smart Chain.
*Roadshow by OGC team.
1. Update to User Interface and Bitsten Exchange System (Bitsten 2.0)
2. New road-map for extending business model (news portal, etc)
#TeamBitsten are targeting 10 cents for BST (short term) and 50 cents EOY. Only long-term supply and demand will decide how well BST will do.
Don’t forget that BST has a total supply of 12 million tokens and all of these are in circulation.
#TeamBitsten are extremely happy and proud to announce Bitsten 2.0
We aim to have the new and improved platform up and running by July of 2021. We will be well positioned to take on the world of Defi and CeFi with an already solid foundation of registered users and strong coins and tokens.
The platform will make the UI (user interface) smooth, beautiful and easy to work. All the tools needed for traders will be available, such as order depth and small stacks to see trading in real time. Easy to navigate trading pairs for spot trading. It should be a pleasure navigating the exchange.
Welcome to DeFi! We intend to make Bitsten exchange a dual operating exchange. Meaning you will have all the possibilities of normal spot trading and the benefits of farming and staking using the Binance chain.
The idea is that whatever you prefer to do, you can do.
We have already laid the foundation with our utility token, BST, to be able to work normally with the CeFi (normal centralized spot trading) and with DeFi with a simple conversion from BST to WBST to take advantage of the other platform. The total supply of BST/WBST will always combined be 12 million tokens. If at one point there is 10 million BST being held, that mean that 2 million WBST are being held, or vice verse. We believe we have setup our utility token for a great multi-user setup to create constant demand.
There are many more exciting features that Bitsten 2.0 will bring to the exchange at the end of the year. We intend to keep our traders happy, and we will therefore provide more products to the exchange for the benefit of everyone.
Community tokens/coins will always have a special place for Bitsten as it is what we have been working with over the last few years. We still intend to make it possible for smaller projects to list at Bitsten moving forward.
Naturally BST/WBST will be needed to list.
We will always strive to create additional use-cases for BST and WBST.
HOW MUCH LONGER ARE WE GOING TO LIST PROJECTS FOR THESE LOW FEES?
BITSTEN EXCHANGE IS AFTER ALL RATED THE 150TH BEST EXCHANGE IN THE WORLD ACCORDING TO CMC. We plan to always be competitive with our pricing for listing, and BST/WBST will always be used for listing. But at some point we will need to also need to take payment combined with VOTE.
The avg coinmarketcap listed exchange charges many thousands of dollars for a listing with one pair.
At this time we are charging about 600 USD to list with 2 pairs.
So naturally, as our exchange becomes top notch, we will start charging top notch money to list.
We encourage you to apply for listing via VOTE sooner rather then later as the price will never be as cheap as it is today.
NEW LISTINGS & DETAILS ON HOW YOU LIST YOUR TOKEN/COIN.
During the month of March the following projects successfully achieved listing via VOTE:
1. KIND Kindcow Finance
2. OGC Onegetcoin
3. GHD Giftedhands
4. WHX Whitex
5. ORE Oreo
6. CBT Community Business Token
7. BSK BitcoinStaking
SEVEN listed tokens/coins via community VOTING. Congratulations to them all! We wish them success. They are all paired with BST and USDT.
We are proud to say that we have the easiest and cheapest way for your token and your community to list on a CMC exchange. Take advantage while the cost is so low.
Do you have a project that you want to list? Does your friend have a project? List your project and share it with the world!
Telegram is the most effective way to speak to #TeamBitsten
-Please join https://t.me/bitsten_exchange and ask to any official ADMIN for any specific listing requests or promotional ideas.
-We also have IDRT (Indonesian Rupiah), BTC, ETH available as pairing with your token.
At this time we support ERC20, TRC20 and BEP20 to list with VOTE at no added cost.
Any other coin/token can also list, but additional fee of 500 USD will need to be paid due to added costs for Bitsten.
Make sure that you submit your token to VOTE https://exchange.bitsten.com/vote
*150,000 VOTES will make your project auto list with USDT and BST.
1 BST token is 10 VOTES. So 25,000 BST tokens = 250,000 VOTES.
Price of 1 BST is at this time 0,045 USD, so 15k BST tokens cost 650 USD at this time.
For introduction to WBST
We inform you that bitsten will provide an airdrop for new WBST users, please follow our channel for the latest information
Thank you for your continued support as we strive to make Bitsten a globally recognized exchange. And our utility-token a force of power! With only 12 million BST/WBST in existence we believe we are in for a grand ride in years to come! And remember our outlined target for BST valuation in 2021.
Goal is 50 cent valuation for BST end of year. That will give our market-cap a 6 million dollar evaluation.
Today it is less then 600 thousand dollars.