SurfEx Founded in late 2017 by a small team of professional software developers and veterans in the cryptocurrency space, Mercuriex was developed to provide a fast, secure and streamlined user experience.
SurfTheWeb purchased Mercuriex in Q4 2019 and in early 2020 we will rebrand the exchange as SurfEx. Along with rebranding the exchange, we are forming strategic partnerships with companies operating in the industry. These partnerships will allow us to quickly expand to a broader global community.
SurfEx are developing Surf Coin [SURF], which will act as our exchange utility token. SURF will give our users the option to pay trade fees at a discounted rate, along with other benefits.
Pre-Sale – Total 5,000,000 SURF – $0.05 Per SURF, Minimum $10,000
Round 1 – Total 20,000,000 SURF – $0.10 Per SURF, Minimum $5,000
Round 2 – Total 25,000,000 SURF – $0.20 Per Surf, No Minimum
The Exchange is fully operational with a working trade engine in place. In Q1 / Q2 2020 we will rebrand the Exchange as SurfEx Cryptocurrency Exchange. Along with the rebranding, we are forming partnerships with industry-leading companies to expand our global userbase.
Through these partnerships, we will be able to provide services to our network of users all around the world, including a FIAT gateway, FIAT/CRYPTO trading pairs, listing new cryptocurrencies and hosting IEO’s for new cryptocurrencies. As part of our “Partnerships & Growth”, one of our new partners will be fulfilling our compliance requirements (KYC) and (AML).
SurfEx are registered with FINCEN, meaning SurfEx is compliant in the USA and we can allow US-based users to trade on the exchange. We are expanding operations and are in the process of acquiring the relevant European Licenses to meet compliance requirements for Europe.
We feel that the most substantial obstacles to the mass-adoption of cryptocurrency is that users find it “hard” to buy crypto with their FIAT. By meeting our compliance requirements in the USA, Europe, we will be able to offer FIAT Gateways through one of our new Partnerships, which means our users will be able to buy and sell cryptocurrencies with FIAT.
Having an accessible and easy to use Fiat / Cryptocurrency service will give SurfEx a real edge over the majority of any existing exchange who do not have this facility in place.
SurfEx will be creating new Exchange Utility Token called Surf Coin [SURF]. SURF will have multiple uses and will be integrated into our exchange wherever possible. We will offer discounts on trade fees and withdrawals fees on the exchange.
SurfEx will also accept SURF as a payment method for IEO and Exchange Listings, and for any fees or services on the exchange itself (usually at a discounted rate). Some of our Partners will also accept SURF for advertising and marketing costs.
SURF Coin Usage
As with many Exchanges who utilise their own Exchange Utility Tokens, our Utility Token SURF Coin can be used to pay for various fees on the exchange, usually at a discounted rate* including but not limited to
Exchange Trading Fees
IEO Listing Fees
Crypto Listing Fees
And Other Services
Discounted rates will be shown for each service/fee in our Terms & Conditions pages on the website in the future and will be subject to change at our discretion.
Trade Fee Discounts
SurfEx will offer a 50% discount on trade fees for at least the first 12 months of trading following completion of the Public IEO Sale. This discount may be reduced in subsequent months/years after the initial period of 12 months.
A user who opts to pay their trade fees with SURF coin will automatically receive a discount on their trade fee (this will be enabled by default for any user with a SURF balance in their exchange wallet).
On most exchanges, for every trade made, the exchange charges a small “trade fee” (typically between 0.1% – 0.5%).
SurfEx aim to monetise SURF Coin through our actions as a cryptocurrency trading exchange. As mentioned in the “Utility” section of this Whitepaper, we will accept SURF Coin for
Cryptocurrency listing Fees
IEO listing Fees
In some cases, or at certain times, we may exclusively require SURF Coin for some services, such as listing IEOs or a new Cryptocurrency, thereby driving demand for SURF Coin on the open market and imparting value upon the coin by its required use on the exchange for specific items and/or services.
Any SURF Coins received by the exchange through any form of payments or fees, may be, at any time, sold on the open market, given away by the exchange at our discretion, burned by the exchange or otherwise disposed or used.
With regards to the future value of SURF Coin:
SurfEx cannot speculate on the future value of SURF Coin. We (owners and extended team) expect the activity and success of the exchange to impact the value of Surf Coin directly.
The more successful the exchange and the more trading taking place on the exchange, the more we would expect Surf Coin to be used by traders to pay trade fees for discounted rates, thereby making Surf Coin more useful and by virtue of being more useful also more valuable.
This article is writing on 9 May 2020 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258
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