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Join another signature campaign.
Please free up my spot for other.
Thank you
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A better question would be "how can I get around this" and that is something I can help with.
Well speak up. He is probably going to suggest to use cryptofinance to handle fiat. I do no think the company will offer this service for cheap and they may not be able to deliver what they promise. |
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Valuating a 10 btc new high risk start up project at 100 btc isn't a little too much?
He uses the remaining 90% of your BTC to do marketing etc. He never mentions how he profits in here, just says 50% dividends, 25% reinvestment, 25% reserves. Also just says 100k shares for sale, doesn't mention how many he is holding. I wouldn't even consider buying into this if he is keeping more than 10% of the business to himself as a management fee, more than that would be ridiculous. If he wants more than that he should buy shares like everybody else. Also, since you publish reports on people, can we see the report on YOU? This was addressed already lol I can not give you revenue as current owner is letting people use the exchange fee free... He also does not have a way infuse liquid cash into the site which limits its earning potential. I wanted to keep 20% but I am willing to shark tank it, 10% of something is better then 0% of nothing. I will go about buying more shares in the future. While I do understand this is a startup and the value VS what we need of course not look great. But try to see it from a potential future value. Customers tend to follow the path of least resistance, that's why box stores do so well. When people can walk into walmart, scan a qr code with their phone and the money is in their account you will see a swift move to our exchange. The money does not just go to exchange purchase but also, Regulation, formation of entity, initial purchase of 100k encoded stored value cards, liquid capital for bank accounts. Bex.io wants 25k liquid and they take 50% off all profit  . It is financially impractical to handle fiat as a start up. Easier to start from an alt coin exchange to slowly work up from there. |
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Valuating a 10 btc new high risk start up project at 100 btc isn't a little too much?
He uses the remaining 90% of your BTC to do marketing etc. He never mentions how he profits in here, just says 50% dividends, 25% reinvestment, 25% reserves. Also just says 100k shares for sale, doesn't mention how many he is holding. I wouldn't even consider buying into this if he is keeping more than 10% of the business to himself as a management fee, more than that would be ridiculous. If he wants more than that he should buy shares like everybody else. Also, since you publish reports on people, can we see the report on YOU? Just trying to find a good deal like what you are doing here. No need to get personal. |
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I would have to read about it. The IPO is too expensive with little value added from this auction. |
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Valuating a 10 btc new high risk start up project at 100 btc isn't a little too much?
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The sign up script has error.
1) How many active users are using your exchange?
2) What security measures are in place?
3) What platform is the exchange written on?
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It looks like they do, they got a chatbox and there is chatter.
I am more concern with how many of those users have deposited money on the service and are using it. The front end looks very nice and impressive. Cost is a little step and monthly profit from fee will not cover operation cost for a while. Gweedo, if you are interested to take over and want to reduce the risk. I am willing to take a small equity stake with partial shareholder right. |
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A few questions:
1) What is the process to add another coin on the exchange?
2) How is the wallet security being handled?
3) What development skill is needed? What framework is the platform written on?
Thank you
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Confirming I received my money back.
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I certainly will be.
Is this the platform your using to build your exchange ?
Regards
Duke
A heavily modified version, yes. Best, William Dunne Please do not mislead your investors. You do not have access to my platform. |
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And you think your company is worth $500k with no revenue, no profit and no customer base? Aren't you being a hypocrite here? |
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https://bitcointalk.org/index.php?topic=448250.msg5501939#msg5501939You openly promote a known ponzi before. You may be sincere in trying to run a legitimate service. But I question your competency in decision making and project management. Please have a fully working platform before asking other for money and you should not value a no profit, no sales company at 500k. And be transparent about who invest how much. There is a reason why it is called "IPO".
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Fairly standard, presuming the funds are in the hot wallet it will be withdrawn to their address.
The cold wallet is a 2 of 3 multi-sig address.
How does customer deposit get assigned to his account? |
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MrWDunne:
Platform written in native language does not come cheap, and the support for multiple DB and redundancy aren't free. How long do you think $30k will last with service guarantee, reliability and customized feature? If you think you can do it at this price, go ahead and offer your service. Create your own post and offer your own service.
Working on my own exchange, so I kind of already have done as stated. $30k gets you a working, well tested service. Throw in another $5k for a bug bounty program and for future development costs and you're golden. I am well aware that its not free, hence the $30k And you value your company 500k without a working platform, no proof of license, and no idea how to handle security threat ? It only someone takes less than 30 mins for someone to identity sql injection for the open source project. Are you going to pay out all stolen coin out from your own pocket? It amazes me that you have managed to program any sort of platform. We don't need a license, this is the UK not the US. As for SQL injection, we know. Hence why we are having security checks done. We already identified one security hole and fixed that, and now we're looking more. Once it is finished we look for a professional firm to do so. And what is the total cost to get the platform running? To fix issues, handle hosting and security issue? |
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MrWDunne:
Platform written in native language does not come cheap, and the support for multiple DB and redundancy aren't free. How long do you think $30k will last with service guarantee, reliability and customized feature? If you think you can do it at this price, go ahead and offer your service. Create your own post and offer your own service.
Working on my own exchange, so I kind of already have done as stated. $30k gets you a working, well tested service. Throw in another $5k for a bug bounty program and for future development costs and you're golden. I am well aware that its not free, hence the $30k And you value your company 500k without a working platform, no proof of license, and no idea how to handle security threat ? It only someone takes less than 30 mins for someone to identity sql injection for the open source project. Are you going to pay out all stolen coin out from your own pocket? |
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3) If an exchange gets hacked, people lose money. Thats why we need security. Colocation is hosting not security.
Since you are running an exchange, what is the nature of this hack? How does people actually lose money? What measure is taken to prevent this kind of "hack"? Have you not been following the news. All of the break ins at various exchanges/services resulting in the loss of their funds. Just to clarify, by exchange we mean a service like BitStamp, which holds the coins and fiat and allows people to trade. As for how we prevent it, we find the security holes before the bad guys do and fix them. Of course I follow news. For an exchange operator, I just like to know if you know the specific nature of security threat. And have measure in place to prevent and minimize it. And not playing with fire. The fiat, if you have license as you claimed, will be sitting in your bank account. It is pretty obvious that no one can "steal" or hack the fiat sitting in your company bank account. Which leave the coin wallet the source of vulnerability. When customer deposit coin in, how was the coin being handled? And what is the withdraw policy for coin? |
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3) If an exchange gets hacked, people lose money. Thats why we need security. Colocation is hosting not security.
Since you are running an exchange, what is the nature of this hack? How does people actually lose money? What measure is taken to prevent this kind of "hack"? |
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