Logo/Add-Banner Design Contest

Vircurex (https://vircurex.com) is looking to update its logo. For this we initiate this contest for anyone to submit their designs.

What you can win
We will pay the winner of this contest 4 BTC.

Deadlines
The complete submission must be received by us no later than 28th April 18:00 (GMT). The announcement of the winner will be around 12th of May, assuming we have a winner.

Selecting the winner
Vircurex will select the winner at its own discretion. Vircurex may publish the submissions on the forum and ask for feedback/voting on the artworks. Vircurex reserves the right not to choose any winner.

What you need to submit
- a logo that fits into the current colour schema of Vircurex' website
- loggos in the following sizes, all sizes must be submitted:
Logo:
   57x57
   72x72
   114x114
   144x144
Ad Banners:
   728x90
   468x60
   234x60
   120x600
   88x31
   180x150

- all files must be submitted in PNG format,  but do not use interlaced PNGs
- bit depth of 24 bits
- no alpha transparency
- the submitted files must not contain any visible or invisible watermarks
- avoid using shine or gloss features

Terms and Conditions
- late submissions will not be considered
- we will not answer any questions directly, all questions we decide to answer will be publicly posted on this thread
- the ownership of the artwork submitted will by automatically transferred to Vircurex at the time of submission. The transfer of ownership does not require any further documentation or communication, the act of submission is the creators consent and agreement of transferring the ownership. From the timepoint of submission onwards, the creator is not allowed to use the artwork for any personal or commercial purposes without the written consent of Vircurex
- Vircurex might publish scalled down versions of the submitted artwork on Bitcointalk.org in order to initiate a vote and seek feedback from the community.
- all submitted works must be free from any copyright dependencies


email submissions to: customerservice@vircurex.com

What do we want you to vote for?
Change current process of paying out complete revenue as dividend to paying out 70% of the net profit as dividends and retain 30% of the net profits to increase the NAV until NAV reaches the face value of 0.25.

Why are we requesting for this vote?
When VCX was listed, we assumed that the platform will only reach a break even in 3 years. Due to the unexpected large increase in trading activities in the past 6 weeks, we have been able to achieve the breakeven already in the first month. This very positive business development requires us to relook into the way the profits are being used.

What is the impact if the vote pases?
70% of the net profits will be paid out as dividends, 30% will be withheld to increase the NAV of the company. These funds will be held in BTC and LTC. Retaining 30% of the net profits will help to retain cash for future unplanned acquisitions, marketing activities, etc.

What is he impact if the vote fails?
The NAV of the shares will gradually drop to 0 BTC in 3 years time, as the operational costs are being paid for out of the companies capital (as per the listing contract).

Our recommendatio
Vote with "yes". This is in the interest of the shareholders, we are improving the value of the shares.

Thanks. The past two days were crazy,our web site traffic has trippled but the servers are holding up very well so far. But we are adding some capacity as we speak in anticipation of possibly more traffic coming (hopefully).

Vircurex is fully functional, you can check the trading volume on the home page of https://vircurex.com

We have reduced the number of confirmations required for funds to be credited to your account:

BTC - 4 confirmations
LTC - 4 confirmations
DVC - 6 confirmations

This thread is locked and will be used for investor related announcements. All forum discussions should go here: https://bitcointalk.org/index.php?topic=140700.20

Dividend Results:

Month

|

Number of shares

|

Dividend paid

|

Dividend per share

|

Dividend yield

|

Share price

|

P/E

|

|

elegible for dividends

|

(BTC)

|

(BTC]

|

|

(BTC)

|

|

March 2013

|

8,612

|

125.63245884

|

0.01458807

|

35%

|

0.50

|

2.86

|

April 2013

|

8,612

|

252.44

|

0.02931258

|

54%

|

0.65

|

1.85

|

Note: Dividend yield and P/E are calculated on a yearly rate using the monthly averages and extrapolating the numbers.

March dividend of 0.01458807 BTC per elegible share paid out (total 125.63245884 BTC), which is an equivalent of 35% yearly yield at latest share trade price. Investor report will be posted on https://vircurex.com in the coming days.

The listing fee becomes applicable at the time of creating the project/listing.

Yes, there are several stocks that show very little trading volume. Whether this is due to a lack of willingness of investors to buy into these stocks or the unwillingness of existing shareholders to sell their shares is difficult to judge.

Ultimately anyone is free to list a project here on Cryptostocks, we do not filter or judge the projects listed. The investors need to do their homework and decide which projects are worthwhile investing in.

To come to your questions:
 - the actual number of shares sold are visible under the category "Shares held publicly" on the info tab of the security
 - Success of a listed project depends on many aspects:
     - a convincing business, a new business is always easier to sell than just another pass-through, mining farm, etc.
     - marketing, don't underestimate the efforts required to make your project known to the public
     
My personal opinion is that many just list a project and believe investors will come knocking on their doors. Reality is: you need to go out and seek your investors.

what are the consequences from an application point of view if this parameter is changed? Any risks or sideeffects one should be aware of?

Listing fees reduced to:
 BTC denominated securities: 2 BTC
 LTC denominated securities: 200 LTC
 DVC denominated securities: 1,000,000 DVC

Its developed with RubyOnRail (Ruby 1.9.x, Rails 3.2.x). You'll need a Linux machine to run it (some of the tools used wont work on Windows).

This is a sale of the domain name, the source code of the app comes along for free. Whether its worth the BTC requested or not, the auction result will tell us.

Its bilingual, you can switch between German and English. See the flags at the top right corner of the page?

Anyone have 100K LTC and willing to sell for 10K USD? Buy order is placed on Vircurex.com.

Implemented various layout changes (mainly coloring) and replaced the graphs with new ones, now including volume too.

The issue with the graph being overlaid with the entry form on very small screens should now be resolved.

Did you check the Options feature on Vircurex?  Allows you as a user to underwrite options, such as:

- Buy option: allows the buyer of the option to buy from the issuer a number of coins at a predefined price
- Sell option: allows the buyer of the option to sell to the issuer a predefined number of coins at a predefined price

This can ofcourse be done in any coin combination.

Looks more or less what you want to achieve?

https://www.bitmit.net/en/item/21245-btc-lotto-com-for-sale
and
https://www.bitmit.net/en/item/21247-dvc-lotto-com-for-sale

Might not fit exactly into the budget but have a look.

See https://www.bitmit.net/en/item/21247-dvc-lotto-com-for-sale for details.

See https://www.bitmit.net/en/item/21245-btc-lotto-com-for-sale for details.