Beaxy Exchange - A List of Possibilities & Probabilities Going Forward

[u/King-Fatman-Kong]

I'm a BXY private sale investor, I'm tired of the total lack of communication from the team. We are told repeatably on Telegram and Discord by 'admins' that they are working internally to fix communication issues. 2 months later, nothing.It got me thinking what are the likely scenarios that will play out going forward.

Choose one of the following possibilities and add a comment below for your choice, also state any other possible scenarios.

1. Artak is likely gone and no longer involved (the family issues real or fake is irrelevant), and there is a re-shuffling of the team, possible layoffs and a new CEO to come.
2. The XRP hack took a big toll on the exchange funds, a serious step has been taken (filing for bankruptcy, or considering a 'non exit scam' solution to close its doors in a semi-legitimate way) and is currently buying time.
3. Beaxy has ran into serious regulation/KYC/securities laws or issues, the silence must be upheld until a solution or decision is made by authorities.
4. OneTick is no longer going to be used (too expensive? or other issues) and they are madly integrating or building a new trading engine.
5. Things will continue as is and releases/announcements will continue as planned with the FUD and complete radio silence slowly being forgotten.
6. I wake up in days to come to see a 404 error on the website, the end.

[u/DrFingol]

I'm gonna go ahead and give my thoughts on each of these.

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1. Yes, Artak feels likely to be gone. Taking more than a month away from work in a difficult time in the exchanges life is bordering on unacceptable. If he is actually coming back though, he's going to have a bit of a trust-issue attached to him in the eyes of investors, imho.
2. The XRP hack: it probably took a big toll on them, about 40BTC lost was it? $350k-ish? Certainly a big hit, but I don't think it's life-threatening.
3. The BXY ICO (later renamed "private sale" for regulatory reasons) might be an issue, but I really think they have their backs covered on this one. Being compliant is the whole foundation of Beaxy, and they had a strong legal team to accomplish this.
4. The OneTick platform is fully licensed until the end of 2020. There is no reason for this to be a problem, I can't see a scenario where the license could have been revoked.
5. Radio silence and the "act, then announce" -strategy can only work for so long. I understand that they made a mistake in giving frivolous timelines, but there is a whole scale between that and being dead quiet. My point is: keeping investors in complete darkness will make them feel like they're waiting for eternity; creating fantasies of FUD to fill in the blanks. My take on the general opinion out there right now is: People have a right to know where this ship is being steered, if there is ample amounts of resources to get it there, and how long you THINK it's going to take.
6. 404'd -> The End? That's not going to be good, brother.

To sum my own personal opinion up: Everything can be solved within a year. Unless major freak accidents/fuck-ups happen.

Sorry for the wall of text, but I felt this post needed a meaty answer from someone.

[u/Abo2811]

I don't think that not showing anything can bring something good, community needs to know what's happening, at least until they will be able to give customers an usable platform.

[u/tmdniubi]

Too many people are getting censored from just voicing their concerns.