feeshares are extremly expensive...
I'm not sure how that can be evaluate since we don't know the ROI on a FeeShare. At current prices a FeeShare is about $46. But, how much will that pay over a year in dividends? Maybe Zip can give us a projected weekly revenue number for the exchange so we can determine if the FeeShare is expensive or in fact a bargin? Also, you can think of it this way... if you were in on the initial Free distribution of ShareCoin, you were give @ 3 free FeeShares. Details report of the exchange's operation will be published in the future. |
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are 20000 SHARE / 1 FEE now gonna be same 20000 SHARE / 1 FEE in next week? or next month?
can we sell our seat (FEE) in the future (like 6 month later or a year later)?
a FEE_BTC market will be opened when the initial FeeShare sale close so you can trade FEE for BTC if you want. The rate 20000 SHARE / 1 FEE will be the same forever, this rate will never change. Thanks for the information. However, why isn't your site compatible with Firefox? That is a crucial element as tons of people use that too! Firefox is working fine for me. Weird  |
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Once the feeshare sale is over, what is the total number of coins ever exist?
ShareCoin Re-Distribution ShareCoin generated from FeeShares sale will be distributed back to the community in 2 ways: MultiPool distribution: ShareCoin are distributed to the Multipool's miners at the current market price. As the ShareCoin are taken from the FeeShares sell, this won't affect the market price. Threrefore, miners are getting ShareCoin at the best rate available. Join our multipool at: Exchange interest: Keeping ShareCoin inside the exchange will let you earn interest on ShareCoin itself. The interest rate is twice as much the ShareCoin's stake interest rate at that time. Current Total is only 100 000 000 coins In order to sell 50% of the FEE SHARES, we need 50,000 FEE SHARE * 20 000 = 1000 000 000 coins. So the 100% of the FEESHARES 100 000 are effectively worth 2 Billion share coins. But we only have 100 million coins to start with. I am confused? Of course it will rotate. Pool miners will get more ShareCoin from that used to buy FeeShare which will again go out to the multi-pool etc. That SHARE will go back to the exchange to allow it to be used to by more fee shares. Also, apparently SHARE is being mined by the exchange at double interest rate. Which is strange to me. How is that coin being generated? I hope the dev can explain that. EDIT: Ok, maybe it is not PoS interest, but it is paid from the FeeShare purchases. But, yes, it will take a while. Half of the interest are paid by minted coins. The other half is paid by the ShareCoin in the exchange's wallet. When ShareCoin in the wallet is dry out, another sale of FeeShare will open. This progress will keep repeating untill all 50% of FeeShare (50,000) are distributed to the community.  |
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Once the feeshare sale is over, what is the total number of coins ever exist?
ShareCoin Re-Distribution ShareCoin generated from FeeShares sale will be distributed back to the community in 2 ways: MultiPool distribution: ShareCoin are distributed to the Multipool's miners at the current market price. As the ShareCoin are taken from the FeeShares sell, this won't affect the market price. Threrefore, miners are getting ShareCoin at the best rate available. Join our multipool at: Exchange interest: Keeping ShareCoin inside the exchange will let you earn interest on ShareCoin itself. The interest rate is twice as much the ShareCoin's stake interest rate at that time. Current Total is only 100 000 000 coins In order to sell 50% of the FEE SHARES, we need 50,000 FEE SHARE * 20 000 = 1000 000 000 coins. So the 100% of the FEESHARES 100 000 are effectively worth 2 Billion share coins. But we only have 100 million coins to start with. I am confused? The initial sale only offers 5,000 FEEs. that's 100,000,000 ShareCoin in total. ShareCoins generated from FeeShare will be distributed back to the community through the exchange's interest and the multipool. |
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are 20000 SHARE / 1 FEE now gonna be same 20000 SHARE / 1 FEE in next week? or next month?
can we sell our seat (FEE) in the future (like 6 month later or a year later)?
a FEE_BTC market will be opened when the initial FeeShare sale close so you can trade FEE for BTC if you want. The rate 20000 SHARE / 1 FEE will be the same forever, this rate will never change. |
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is the deposit confirmation manual? is taking forever
It's automated, but you have to wait for 6 confirmations on ShareCoin until it is credited. Once the feeshare sale is over, what is the total number of coins ever exist?
ShareCoin Re-Distribution ShareCoin generated from FeeShares sale will be distributed back to the community in 2 ways: MultiPool distribution: ShareCoin are distributed to the Multipool's miners at the current market price. As the ShareCoin are taken from the FeeShares sell, this won't affect the market price. Threrefore, miners are getting ShareCoin at the best rate available. Join our multipool at: Exchange interest: Keeping ShareCoin inside the exchange will let you earn interest on ShareCoin itself. The interest rate is twice as much the ShareCoin's stake interest rate at that time. So POS minting is still going to take place for us INSIDE the exchange? Even if you just deposit share coins there? Yes, PoS minting still takes place inside the exchange but at double interest rate |
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"Security & transparency Earlier someone asked about the security of the exchange. I'm surprised it didn't spark a discussion." That's exactly why I feel safe at Bittrex. only 3 guys, all have degrees in computer programing/security. The only degree I have is 3rd degree burns,
Also, do Sharex plan to do regular audits? Here a good article about this topic: http://www.coindesk.com/exchanges-must-still-prove-themselves-customers/Profit sharing (FeeShares) How will it work? Do Sharex staff will keep a % of them that will never be sold? Or else, how the staff, server etc will be paid? Will you re-invest some of the profit to allow the business to grow? I believe that anyone can purchase any amount of all feeshares. Those with feeshares get .001% of... net or gross still not sure. Probably after expenses or 'net'DEV? care to clarify?as much as i wanted to read the clarification from dev, i think he is sleeping now ^^, Doubt that..unless he's sleeping at the exchange  Actually I was working on the deployment. Haven't been slept for 30 hours. The FeeShare sale is now officially up. Come check it out guys: https://sharexcoin.com/fee_shares/about |
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Hang on guys, will deploy the feeshare module in a few hours.
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FeeShare module will be up soon.
Excellent. But, can the order books update in real-time rather than on a refresh only? (or am I doing something wrong?) same here, need to refresh. would be better real time indeed It's real time now. It updates periodly every 5 seconds when you are browsing the page. |
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 That this exchange has potential! (btw, there's just one small error - upon whitdrawing the system leaves 0.001 btc in your account because it's not possible to whitdraw every drop) the 0.001 BTC is transaction fee, it does not stay in your balance, it is deducted when you create a withdrawal. |
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Please solve the stucked withdrawals on the exchange. I have three withdrawals pending for +30 minuts. Thank you!
Withdrawals are processing normally. |
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ive had my coins in my wallet for a day and a half no staking  ApoloTwo is your wallet encrypted? nieroda its unlocked ApoloTwo what is the version? nieroda http://screencast.com/t/YwMFO6l2uYApoloTwo I don't know whats the problem...something wrong must be there because everybody else is receiving stake nieroda ive had my coins for a while too are you a dev? or just a chat admin? ApoloTwo just a chat mod nieroda ah why isnt it in stake? though? ApoloTwo wait a little more longer...and see what happens maybe your coins are not old enough nieroda there almost 35 hours old though ApoloTwo I don't know what to say You recently moved your coin so you are not staking. The 0.01 transaction move all of your 65k coin, you need to wait for a little more. |
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FeeShare module will be up soon.
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Testing the FeeShare module. FeeShare sale should be available soon. Remember: You can only purchase FeeShare with ShareCoin, but you can trade FeeShare for BitCoin on FEE_BTC market.
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after rethinking..i have to say that as you are the owner of exchange side..why can`t you delist MYC if you already know it is a scam?
I can't just list and delist any market whenever I want. There are already MYC deposits too. |
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All deposits should be credited by now. Deposit stuck for a while earlier but I fixed it |
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