ANN FreedomEx.io Launch:Exchange for the STEEM Ecosystem
The STEEM ecosystem has experienced tremendous growth since it's inception almost 3 years ago. We have seen the userbase increase at a steady pace, blockchain innovation continue, and an ever increasing list of applications built on this great platform. As we gain momentum in 2019, we would like to introduce what we believe to be a core component in the expansion of the STEEM Ecosystem. The FreedomEx Exchange Platform.
In June of 2018, the idea of our very on STEEM centric exchange was hatched. With careful planning, the idea was put into motion and the team was formed to build out FreedomEx. This planning and execution has brought us to this day. We believe that 2019 will be a huge year for the STEEM Ecosystem.
What is FreedomEx.io?
FreedomEx has been designed to function at the core of the STEEM ecosystem. The exchange will feature STEEM as a main trading pair, something we do not see much of in other exchanges. So, as more applications are being built, it is important that these tokenized applications have a platform that can assist in fund raising, token liquidity, increased trading volume, and price discovery. While at the same time, be paired with the STEEM main trading pair. FreedomEx will be this platform.
FreedomEx has the capability of supporting many of the token protocols in the blockchain sector. With built in support for protocols such as ERC-20, TRC 10/20, and the newly released SCT (Smart Contract Token) created on the Steem-Engine platform. Once the SMT (Smart Media Token) is released we will support not only the token protocol, but will assist in any Smart Drops requested to replace an existing token. FreedomEx will provide this value added service.
Why FreedomEx.io?
We get this question quite often. And it is a very good question. The exchange business is a very competitive arena, it is global, and backed by billions in the larger exchanges. Our team answers this question confidently by saying " We do not see other exchanges dedicated to the expansion of the STEEM Ecosystem, and likely will never see STEEM as a main trading pair on those exchanges in the near future". To be more precise, all features and future services will all be integrated with the benefits to STEEM at the core. We will discuss this a bit later in this introduction.
FreedomEx has focused on features and services that put STEEM, the applications powered by it, in a better position to have the most success. We are dedicated to the expansion of the ecosystem.
Vision of FreedomEx.io
When we discuss vision, it is always with much excitement and optimism. As we complete our roadmap for 2019, we can share with everyone our vision of what we see FreedomEx becoming.
The launching of FreedomEx will include a high performance trading engine, secured wallets, deposits and withdrawals of tokens the ecosystem wishes to trade. An easy to use interface for both new and experienced traders, while providing quick response times to customer questions.
The beta launch will set in motion additional features and services we have scoped out for FreedomEx. This will include the addition of a fiat gateway service that will give our customers the ability to deposit and withdraw STEEM/USD, STEEM/CAD, and STEEM/EUR. We believe by adding this service, we will see an increase in STEEM volume and price. We are very excited about this addition.
Another service we have added and very proud of, is the integration of Steem-Engine tokens. This integration features the first SCT on an external exchange. Our FreedomEx token called FREEX. What this integration enables us to do, is list and support other SCT tokens very easily. Opening up opportunities for our applications in the STEEM Ecosystem.
So, with these initial features and services including those soon to be added, FreedomEx is positioning itself to transition to a hybrid DEX model. Which will eliminate the need for FreedomEx to act as a custodian of users funds while trading. This transition will take place over 2019.
The FreedomEx vision is to position for success by offering the best features and services to the STEEM Ecosystem. And we will do just that.
Let's Talk FREEX Token 
FreedomEx believes that a token for the exchange is necessary to reward those who are loyal customers. After several months of deciding which token protocol to use, we decided to use the Steem-Engine SCT protocol. FreedomEx had initially decided to use an ERC-20, we had the token created and integrated, but ultimately decided it wasn't a good protocol for us.
So, here we are with the first SCT integrated on an external exchange. Something we are very proud of.
- 20 million issued supply. This will be the total supply of FREEX. Will not issue more.
- Price of each FREEX is determined by the price of STEEM currently. 1 STEEM:1FREEX
- FREEX can be purchased on FreedomEx.io using the Buy FREEX button. The @Freex-bot will handle this transaction.
- FREEX can also be purchased using STEEM Keychain by sending STEEM to the @Freex-bot account with "FREEX Token Purchase" in memo field.
- FREEX also is a main trading pair and can be directly purchased using STEEM and other currencies
- FREEX Success Share
What is FREEX Success Share?
FreedomEx wants to reward customers who purchase and hold FREEX tokens. So we decided to implement a Success Share program. Value proposition for the Success Share:
- Success Share Pool- The Success Share Pool is where all Trading Fee revenue is sent. FreedomEx.io is allocating 75% of total trading fee revenue to FREEX token holders. This will be a daily calculation and disbursed accordingly to FREEX held.
- Free and Discounted Trading- FREEX token holders who purchase 1500 FREEX tokens will have their trading fees set to zero. This is a lifetime of the account setting. We will run this promotion until April 30th, 2019. FREEX token holders who do not have the 1500 FREEX tokens after April 30th, 2019 will use their FREEX for discounted trading. The Trading Fee and Discount Schedule will be provided after launch.
- Smart Drops and Initial Exchange Offerings- Customers who list their tokens with our Listing as a Service feature are eligible for Initial Exchange Offering service. They are required to provide their project tokens for Smart Drops. Fee for Initial Exchange Offering is an allotment of tokens that FreedomEx will Smart Drop to FREEX token holders. Snapshots will be announced prior to listing.
Referral Bonus System
FreedomEx understands that our customers are the core to our success. Knowing this has lead to the development of our Referral Bonus System, and is something we take great pride in offering. Let's take a look:
- Each customer will be provided with a referral link located in their user profile section. Copy your link, and start building your referral network.
- After FreedomEx launches, any referrals will be credited to your user account. For each of your referrals, you will receive 50% of trading fee revenue. You will continue receiving this for the life of the account. It does not expire.
- Any new referrals after April 30th, 2019 will be eligible for 25% of trading fee revenue. Again, this continues for the life of the account. It does not expire.
The back office for tracking your referrals and trading fees earned are currently being designed and will be available for viewing om March 31st, 2019. Don't worry, they are being credited. This is a very nice feature.
The Referral Bonus System is a nice way to build a network and build income.
Next for FreedomEx.io?
We have introduced many things we have currently and what we have coming right after launch. Our next big service, 3-4 weeks after launch, will be our fiat gateway service. Once this is completed, the purchase of STEEM directly via credit card will soon follow.
FreedomEx has been in discussion about issuing our very own debit card. Just like the debit card bitpay issues. We have requested we use STEEM instead of BTC to fund it. We are really excited about branding FreedomEx in this regard.
As you can see, we have been very busy with getting to our launch date and positioning to offer great features and services to the STEEM Ecosystem.
The Launch
We are doing a Beta Launch Tuesday February 26th @6pm CST. FreedomEx will have a live streaming Launch Party that will take place on discord, vimm, youtube, twitch, and facebook. You will get a chance to meet the team behind FreedomEx and we will have a live AMA to get questions answered. Will be a great time!
FreedomEx Launch Party and AMA
Click the link above and join us in discord to get the live streaming links.
Freedomx.witness
FreedomEx has a witness node that has been running for 2 months now. We would appreciate a witness vote showing your support for the FreedomEx Exchange. Vote Freedomx.Witness today! Thank you
Thank you!
The team at FreedomEx would like to thank you for reading about the project. We strongly believe that FreedomEx combined with our STEEM Ecosystem, will take us to new heights and place us at the center of the crytposphere.
Look forward to seeing everyone at our Launch Party!
Connect with the FreedomEx Team
Discord| Twitter| Telegram| Youtube| Facebook
FreedomEx is a sponsor of the Global Block Builders
I'm really looking forward to you getting this up and running, and very impressed with what I see here - except for the following:
Um... This paragraph essentially refutes all the other statements in the post, as well as being self-contradictory. Either correct my misunderstanding, or correct the statement. You clearly are intending an exchange focused on expanding the Steem ecosystem, and do see Steem as a main trading pair.
If you mean (as I think you do) that you intend to change that, then you need to make that more clear, as the extant text appears to refer to FreedomEX, rather than extant exchanges. For example 'There isn't an exchange intended... or offering Steem as a main trading pair. We are the exchange making those things happen.'
Thanks!
Yes. We can word this more clearly. Thank you
How i Wish the blockchain technology can be adopted here in my country and be embraced by Africans hence joining the ecosystem that is solving major problems in this world
I've just checked it out. However it doesn't look like trading is available yet.
Posted using Partiko Android
very good
Atomic Swaps - please address
There is no such thing as a monopoly in this world and innovation presses on, thus old paradigms die hard, but they do...
I hear there are many competitors in STEEM exchange prototypes as well, so this will be fun.
You may have replied to me accidentally. I am not the guy to ask about atomic swaps, at least.
Great idea, however, the account creation process seems to be really shaky:
After I got the confirmation e-mail and tried to login, your site claimed several times I entered the wrong password, even if I entered exactly the same password I had chosen before. Now my account is locked ... 'great' start. :)
(There is also no 'forgot password' or similar help link.)
Steemit "account creation process" is a complete joke to this day, so still waiting around to see the real solution.
I assume fairly soon! ;-
But no news yet; correct me if I'm wrong...
Please note that we are not "technically" live yet.
If you join our discord we can try to address your issue in a more quickly time.
Thanks for your patience.
While I love the while vision behind this. The part I am most excited about is the buying and using steem. In my opinion it is one of 2 issues thay is really holding us back from mass adoption. It is so complicated for people just to buy some steem with all the hoops they have to jump through instead of just buying it and moving to their account. And the other side that we tell people they can earn on the site is great but then they can't spend it? If there was a card linked to your account it would be a game changer.
Posted using Partiko Android
I agree. It was very important for us to have both bank and credit card purchases for steem. And the FreedomEx debit card just makes it easier...no btc conversion fee and fast.
Exactly. I think it's great news for the whole eco system and removes a huge barrier to entry for a lot of people. I'm excited about your platform and can't wait to see it developed. Hope it's a success for you and for all of us too.
Posted using Partiko Android
Wow, could be gud.
Mind is blown at the moment with all that is announced here! This is a great advancement for the ecosystem as it creates the liquidity needed to promote new projects and monetize others. Look forward to more details in the coming days!
Posted using Partiko iOS
Me too, but
SECRETS DO EMERGE AT SOME POINT, do they not?
I must say, this is an OPEN MARKET ;-) BEWARE but kind of fun.
"FreedomEx believes that a token for the exchange is necessary to reward those who are loyal customers. After several months of deciding which token protocol to use, we decided to use the Steem-Engine SCT protocol."
Very telling, Im next!
great to hear something that support Steem
Well, Daybit will allow Steem and Steem based tokens before the SMT launch; so, they are one step ahead of you...
FreedomEx has steem wallet already up and we allow steem based tokens right now. Steem-engine already integrated. Once SMT's are released, we will Smart Drop. We have these finished. Does Daybit have steem wallet running?
So, right now any SMT team can list their token on your exchange? What are the requirements?
I don't trust any account with $0,26 value.
Now it'S worth over 3 dollars x]
Bravo. That boosted my confidence tremendously.
Their exchange is valued at 7M usd.
By whom? If I may ask.
Themselves. 20m token. One is worth 1 Steem. When u buy the token you accept this price.
Oh. Now I understand.
Thank you for the explanation.
I'll wait for a while.
What a joke. Who are the people behind this project?
hahahahahhahahahahahhahahhahah !
From the account transfers history I would conclude that this project is runned by @instructor2121
That is good enough for me! Highly respect @instructor2121
There's more then just a few people around who would state exactly the opposite, but of course it's up to everyone to make ones own choice.
Completly agree, would not trust that man one bit after he robbed the victims of the viva scam
It's our job to build that trust @oldtimer
Hope to see you at our AMA this evening.
Great development. I’m interested in listing @jpbliberty’s SUFB token (share in damages from Class Action against Facebook & Google).
Posted using Partiko iOS
Thankful to be part of the amazing project & incredible team. This is not only an awesome step for Steem but also a outstanding achievement for the Blockchain industry. -resteemed-