Sentexchange - ICO Review

Sentexchange: P2P Trading Platform 


Sentexchange is a blockchain project domiciled in Malta that launched the sale of SNTX token which fuels a cryptocurrency exchange and a partnership program with some actors from the travel industry. The token sale is now live on the Sentexchange beta.

The main features of Sentexchange


By establishing Sentexchange, the team tries to address the issues of mediocre technical architecture, poor security characteristics, low liquidity, and substandard customer service. But in essence, Sentexchange plans to become the first-ever cryptocurrency exchange that would be directly interwoven with the travel industry, with the ERC-20 compliant utility tokens SNTX being the bedrock for both these fields.

Unlike many other emerging blockchain startups, Sentexchange made sure to roll out an MVP before initiating a token sale. The beta version of this crypto exchange is now live and even displays a trading volume of up to 9 BTC in some pairs. After a fully-fledged launch, the platform will have such features as spot, margin, and futures trading, accompanied by an anonymous instant exchange and a decentralized on-chain exchange. The existing trading pairs include BTC/USDT, ETH/BTC, LTC/BTC, and more. Sentexchange also has definitive plans to introduce the fiat-to-crypto trading option, thus allowing to trade crypto against four major traditional currencies (GBP, RUB, EUR, INR). The matching engine, which is capable of executing up to 1,4 million orders per second, is yet another point of pride of Sentexchange.


The Sentexchange team

  • Anil Chandra. The founder and CEO. An experienced serial entrepreneur who got involved in the crypto space in 2014. Before establishing Sentexchange, Chandra has been providing blockchain solutions for the banking and healthcare sectors.
  • Elina Svitolina. The co-founder and Chief Administrative Officer. A talented account manager who specializes in the event management and oversees all day-to-day operations of this blockchain project.

IEO details


Sentexchange is currently carrying out the pre-launch sale of SNTX tokens at a price of $0.015 per unit. At this stage of the IEO, all early investors will receive a 20% token bonus. The pre-sale is due to end on October 10, followed by the main sale that’s divided into the following stages:

Stage one will take place in the period from October 21 until November 19, within the framework of which SNTX tokens will be sold at a price of $0.025/token, the 15% bonus applies;
Stage two is going to be initiated on November 21 and will last till December 18, with the subsequent burning of all unsold tokens.

Sentexchange also provides for a special trading bonus in the amount of 50 SNTX, offered for a purchase of $100 worth of tokens. This offer will stand until the project reaches its ultimate funding goal of $136 million. Also, the holders of SNTX tokens will be eligible for a 20% discount on trading fees and a 25% discount on withdrawal fees. 

In addition to these perks, SNTX gives its holders the right to claim substantial bonuses on hotels and tour packages, offered by the partners of Sentexchange. The tokens also grant access to an exclusive peer-to-peer trading platform, where registered users can trade stablecoins like USDT against such fiat currencies like EUR, GBP, RUB, and INR.

There are no requirements concerning whitelisting and KYC, as well as the restriction with regard to the country of residence.

Author: Alex Paulson for Crypto-Rating.com

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Sentexchange
StartSeptember 20, 2019
EndOctober 10, 2019
Expired

The fact that Sentexchange has already launched its exchange, even though I am certain that it's riddled with bugs and other technical nastiness, deserves my recognition. Not a lot of projects do that. Most of them just want to lure some money on vague promises. However, I find myself doubtful that Sentexchange is capable of developing into something meaningful since it has a relatively weak team and no strong partnerships with other platforms.

Kris_Johansen   September 29, 2019  


I can see that the Sentex exchange is already up and running, which definitely an excellent feat. But I have some questions about the team members, precisely why this team is comprised of only two people, along with a bunch of advisors. If Sentexchange claims to have developed a better exchange architecture, I would like to get to know more about the specialists who had built it.

Julius443   September 26, 2019  


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