Token Distribution Model
The maximum number of XBX tokens that can be issued is limited to 300,000,000.
The distribution of tokens during both phases of the ICO is shown in Figure 9 below.
70% of the total amount of tokens issued will be sold during the pre-ICO and ICO
phases to the public.
15% of the total amount of tokens issued will be held in reserve for use in future as
decided by the governance committee.
The governance committee will be lead by the CEO of Bitex Global and the license
holders of the Bitex and EZBitex platform. Funds raised during the ICO will be governed
jointly by the shareholders of the local, licensed companies in each of the countries
where Bitex will operate as described in this White Paper as well as those of future partners when they join Bitex. Three or more audit companies will be used to audit the
funds usage to ensure an efficient and transparent usage of the ICO funds.
9% of the total amount of tokens issued will be given to the founders and team
members involved in developing the Bitex project. The amount given to the founders
and team members will be placed in a smart contract written to ensure that the funds
cannot be withdrawn for 1 year starting 1st July 2018. After 1 year, 1⅔ % of the original
vested amount will be distributed each month over a period of 5 years to the founders
and team members.
3% of the total amount of tokens issued will be reserved for rewarding advisors whose
continuous efforts have helped shape this project.
1.5% of the total amount of tokens issued will be used for marketing and advertising
the Bitex cryptobank. Youtubers and influencers on Twitter and other social media as
well as individual influencers who use word-of-mouth to advocate Bitex, the EZBitex
platform and this ICO will receive a reward from the XBX Referral Program.
Potential investors who register for the ICO will automatically be provided with a
referral code. If this referral code is used by another investor during registration, both
the referrer and the person who uses the referral code will be granted a bonus of 2%
(in XBX tokens) of their purchased amounts.
1.5% of the total amount of tokens issued will be used to reward participants through
a bounty program that will be announced on https://bitcointalk.org/ forum.

I think that people invest their money not for the sake of an idea, but for profit. Everyone wants to get rich and buy a Lambo 

If you don't reach hardcap will you burn the tokens?

Im happy yo be part of this project. Its great that there are so many small investors in the project.

Project does have some great buzz in ICO market but I have few questions about project.
Your project is nice and seems like a horse of long race. After having a quick look over, it seems to me a nice project lead by blockchain financial experts but how are you going to give tokens utility? I think tokens will become integral part of project.

Hope they will bring the website up ASAP. It will not be a good sign when new shoppers comes in and thought of checking site first thing. Why  briging website up takes more than 1 hour? Doesn't make sense if they are serious.

Quite good. I'll keep an eye on this one. This one is really a different project than others. There are some very creative ideas. 

Bitex believes that the best way to deliver significant local impact quickly is to focus on regions where mobile connectivity dominates, and where traditional banking/financial services do not adequately serve the majority of the population. This gap can only increase when the economy moves to the use of cryptocurrencies.
Mobile connectivity will continue to grow and Asia will continue to drive a large part of that growth as global economic power shifts from mature markets to the emerging economies in that region. Low access to banking services coupled with high penetration of mobile devices serves this unmet demand for alternatives to traditional banks.
All pointers therefore indicate that Asia and the Middle East are the regions most likely to need and welcome a robust crypto-based financial system, and where Bitex’s local impact will best be demonstrated. Bitex will demonstrate the local impact it will have in each country where it is licensed, by offering a relevant localized financial service bundle, and redefining how financial services for this new cryptocurrency-based digital economy can be delivered.

Very interesting project. Could you explain more about Token, how I will get it? 

Great idea, But I have a question - How token will useful for investors and lenders?