This competition is meant for those who are skilled in trading, I just noticed that only the top 10 participants with the highest volume are entitled to the reward. The competition has been effective in increasing the popularity of the project and I believe that the necessary testing of the trading platform is also addressed.

They gave reason like increasing hardcap will give opportunity to every investors. I dont agree with that argument. Lets just wait and see.

How many examples do you want? Even before distribution of bounty tokens, project tokens got trashed. Let me know if you need examples and how many?

If you check at the site,  tokens sale progress shows less than 40% of the hardcap.  This means it's not close to original hardcap which was 15M USD.

The amounts for bounty tokens are often so small, you should rather ask where there is not enough buy support to buy up a few bounty tokens?

I think what he meant was that, BCNEX team increased hardcap saying massive interest for their token sale. But then in last week token sale is not crossed 40%. Is there by any chance team seeing demand from private investors?

If you check at the site,  tokens sale progress shows less than 40% of the hardcap.  This means it's not close to original hardcap which was 15M USD.

It would be unwise to spend the fund raised in ICO for listing in global exchange when the bcnex exchange is yet to be fully developed. I would advise that bcnex should consider building her trading platform to global standard to attract other promising projects.

I am sure we will keep seeing such trading competitions in the future, too. A lot of other exchanges offer these competitions too, so I don't see a reason why BCNEX should stop having them. They are a good way to generate trading volume and attract new users to the exchange.