Bought some shares and will probably buy more near the end of the month, just wanted to ask if it was possible to implement a system similar to mxcnow.com where every 6 hours you get paid for your shares instead of once a month.
Yes, that is possible. We will be moving the share hosting to alcurex.com anyway once we get the official stocks. |
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We are happy to announce that we will be registering alcurEX company and bank account in Belize. Belize is known for its loose regulations, bank privacy and very low taxes. We will have full legal rights to operating a cryptocurrency exchange and once we have a capital of over $75,000 we will have legal rights to add USD, EUR and other fiat currency markets on alcurEX. Stay tuned for more updates. Updates regarding the first expansion services coming soon.
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WoW! Pool for mining microcoins - a powerful new pool for a quick getting coins MRC 0% fee.As promised to the creators and the community for a long time put a powerful pool. Want to quickly and reliably profitable dig coins MRC - invited to the pool. MRC mining pool - http://mrc.coinsprofit.comWhy mine at mrc.coinsprofit.com/? 1. 0% pool fee
2. Powerful MRC pool. We specifically purchased a new technique for this pool. We have powerful hardware to drive this pool forward. Power up 950+ workers. With a total maximum speed 1Gh/s+. Based on the machines Intel Xeon E5-1650 v2 Hexa-Core Ivy Bridge-E (6 physical cores, 12 threads (hyper-threading), fast storage devices: 2 x 240 GB 6 Gb/s SSD, storage: 128 GB ECC. Costs in Germany.
3. DDOS protection.
4. EN and RU languages.
5. Reliable and fast payouts.We have supported and support the new currency not only voting, but also very necessary for the deployment of sustainable coins pools. Together we will earn more and faster! Support the work of microcoins! Great news. Try spreading the hashpower, people! |
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When shares selling ends?
When the exchange launches, which is probably at the end of this month. |
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http://162.243.14.162/faucet.php will be shut down on Sunday Feb 16. If anyone anyone donates to the faucet I will leave it up longer. Thank you to all who contributed. How big of a donation would be needed? |
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Ultimately the shareholders can decide if they want a coin added. Also, as a small status update, we have decided to establish the company and its bank account in Belize.
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2nd gen. crypto would be Alcurex's best option, in my opinion of course  One question - why is this whole text ( http://alcurex.info/software-requirements-specification-srs/) copied from around the web (wikipedia, bitcoin foundation, etc.)? There wasn't a need to write your own or is it because a few people asked for more information before investing in alcurex? It's merely a generic sheet for bitcoin exchanges. Since some people want to know what our exchange will practically include, you can see it from there. It's there for people who want to know as much as possible. |
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What about PMC? its 100% premined but its unique.
Not that I know much about PMC, but as far as I've seen the dev hasn't been sharing them very generously when compared to the total amount, so he probably is still holding a majority of them. Correct me if I'm wrong. I will. From the OP: Total coins: 498999.99996251 (all in circulation)
All coins were freely given out upon request with 100% distribution. Thank you for correcting me. We will look into PMC and consider adding it. |
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Can we move the exchange talk to the exchange thread and keep this on MRC please.
Exchange IPO is looking flakey as fuck and I am worried it is just going to drag this excellent coin down if it turns out to be a scam like MCXnow.
alcurEX is very much a part of MRC. I don't know if you realized it yet, but they're both made by the same team. Well the separate them. Seriously, you made a good coin. Instead of trying to use it to promote an exchange that's doomed to failure, market the coin and get it on cryptsy or coinedup. microCoin and alcurEX are both mutually beneficial to each other. And alcurEX won't just stay as an exchange, but its purpose is to expand into a central to a hub of services and portals for merchants and investors. Everything that helps alcurEX will help microCoin. microCoin having its very own exchange makes it not dependent on third party support. This guarantees that microCoin will survive and have services and continuing development. The aim is to also make things as easy as possible for third party merchants so they can accept microCoin with ease. I don't really understand why people seem to miss this. microCoin development will continue very strong, but it will be together with alcurEX. |
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We are taking suggestions if there are any coins you would like to see on alcurEX.
Hi! I personally would like to see ZEUS coin(ZEU) hit an exchange. ( https://bitcointalk.org/index.php?topic=308741.0) A nice coin with a very smooth client. Never got the attention it should have. I believe many will be glad to see it hit your exchange. (which will be the first one) Thanks. P.S. By the way I have bought some of alcurEX shares to support you. Stas We are always glad to consider non-premined coins. What about PMC? its 100% premined but its unique. Not that I know much about PMC, but as far as I've seen the dev hasn't been sharing them very generously when compared to the total amount, so he probably is still holding a majority of them. Correct me if I'm wrong. |
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What is the end date to purchase (ie not 'when exchange opens')? It seems to me by the way this is open ended on the number of shares it makes the most sense to wait until the last minute to purchase shares as you will have a better estimate of the end total.
We would like to have as much time as possible to make sure everything works correctly so you can count on that it will probably be the very last days of February or even the first day of March. |
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1) What is the currency the exchange operates on, i.e. with what currency and how are the shareholders paid?
2) How likely it is that the exchange will face legal troubles, and if it will, are the shareholders likely to be sued as well?
3) If the monthly payments just stop coming, what can the shareholder do but cry on the forums?
microCoin FTW btw!
1) Major currencies will be BTC, LTC and MRC. Shareholders are paid in BTC. 2) Not very likely. We will be registering the company in a country that is loose on regulation before adding fiat markets. We very well understand how dangerous many banks or ecurrency payment solutions can be and will try to find solutions that are both legal and beneficial. The company administration will of course take full responsibility for its decisions. 3) The same they could do if btc-e decides to run away with your money. You always need to place trust in an exchange to use it, it's unavoidable. We will however after registering offer the possibility to claim your fee share into an official stock of the company. This will give you a lot more legal rights as you officially then own part of the company. We will try to get our company registered as soon as possible, but we need to wait for the share sale to end to know how many stocks we will create. |
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Can we move the exchange talk to the exchange thread and keep this on MRC please.
Exchange IPO is looking flakey as fuck and I am worried it is just going to drag this excellent coin down if it turns out to be a scam like MCXnow.
alcurEX is very much a part of MRC. I don't know if you realized it yet, but they're both made by the same team. |
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We are taking suggestions if there are any coins you would like to see on alcurEX.
Hi! I personally would like to see ZEUS coin(ZEU) hit an exchange. ( https://bitcointalk.org/index.php?topic=308741.0) A nice coin with a very smooth client. Never got the attention it should have. I believe many will be glad to see it hit your exchange. (which will be the first one) Thanks. P.S. By the way I have bought some of alcurEX shares to support you. Stas We are always glad to consider non-premined coins. |
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and you manage a trade volume of 10 BTC per day,
Am I missing something?
Well yes you are missing.. There is no any market under 10 BTC/day volume, exept poor crycurex. Even MRC day volume on poloniex is 5 BTC today, and micro is not top tradet coin... yet  Coins-e daytrade... even Doge only is around 100BTC today. I see you don't really believe altcoins will become more popular  I believe it will. On the contrary, I mine a LOT of alt-coins -- including MRC. I blog over at HolyNerdvana.com, if you're curious, and I'm quite serious about these questions and the investment potential. Much of that will depend not only on the quality of the exchange, but also on the number of shares that end up being purchased. If I were to buy 1 BTC of shares and you end up selling 100 BTC worth, you'd have to do a LOT of volume to make it truly worthwhile. And as far as volume goes, either you're way off or CryptoCoinCharts is, based on this information. Poloniex isn't listed properly (or not updated at least), but I just ran through all their currencies and it looks like they did about 80 BTC in the past 24 hours; Coins-e meanwhile only shows as 183 BTC total. Are those figures wrong for some reason you care to explain? Before we continue, first a question, from the info page: "Due to the way Cryptostocks works and how our shares work, we will be at first selling a large amount of shares that we don't expect to be completely sold. The site will then destroy any amount of shares over the amount that should exist, which is 2x, leaving the site with 50% of all shares. 25% in public ownership and 25% in our ownership. This in practice when sharing profits shares it 50% to us and 50% to other shareholders." I'm a bit confused as to whom some of the text refers to. If 20K shares are purchased, then you will end up with 40K total shares, with "the site" holding 20K. Is "the site" talking about alcurEx or Cryptostocks? If it's alcurEx keeping 20K shares, then why is it 25% public ownership and 25% alcurEx ownership -- where is the remaining 50% ownership? I believe that it's actually a potential future ownership. So if 20K shares are purchased, alcurEx will also have 20K shares, and there's a potential to release an additional 40K shares in the future -- half to the public, so really only 20K more? That means at worst the first batch of shares could be diluted 50%. Anyway, you mentioned Cryptsy and their shares, so I looked into that. They apparently offered 100K shares (only 8K were purchased publicly?), with each being worth 0.0002% of Cryptsy's earnings. Now, unlike the two exchanges mentioned earlier, Cryptsy does a fair amount of volume -- 1630 BTC during the past 24 hours supposedly. They charge 0.2% commission on buys and 0.3% on sells, so if I'm reading this properly they made 0.5% total on all trades. That means their 1630 BTC of volume generated 8.15 BTC in revenue for the site during the past 24 hours. Each share meanwhile is worth 0.0002% of that, so a share initially purchased at 0.05 BTC would have generated 0.00163 BTC. That works out to 0.0489 BTC per month if the volume is consistently at 1630 (which it's obviously not, but I don't have historical volume numbers). Not surprisingly, people are trying to sell Cryptsy shares now at prices four times as high as the initial IPO, and even at those prices it would be a reasonable investment I think. Your offering meanwhile is for an unproven exchange, and I don't have numbers for your commission rates and we don't know volumes. You've put out an IPO of up to 1 million shares, but of course only some of those will be purchased. Let's say you end up with 20K shares being purchased as an example. Where each Cryptsy share is worth a non-dilutable 0.0002% of profits, your shares are worth... an amount dependent on the number of shares purchased and your commission rates. 20K shares would mean each share is worth 0.005% of half of alcurEx's earnings, while 50K shares would make each share worth 0.002% of half of the earnings. Or put another way, 20K shares ends up with each being worth 0.0025% of the total earnings -- so basically 12.5 times as "valuable" as a Cryptsy share in terms of a percentage -- and 50K shares would make each worth 0.001% of earnings. But if 250K are purchased, then your shares are worth exactly the same 0.0002% as the Cryptsy shares you bashed. And your shares are not "non-dilutable", so you could issue more shares in the future and thus existing shares become worth proportionately less -- half as much is the potential value of shares in the future. Which means if more than 125K shares are purchased in this IPO, you're basically no better than Cryptsy (and you probably shouldn't be comparing your offering to others until everything is finished). As far as income/returns, a new exchange would be doing well if they managed 100 BTC of volume per day during the first few months. If you charge the same 0.5% combined commission as Cryptsy, that's 0.5 BTC per day. With 20K shares, each share would get 0.0000125 BTC per day, or 0.000375 BTC per month. Three months to break even wouldn't be bad, but again that's all assuming quite a few things and sadly there's nothing really concrete yet. Anyway, I *am* interested in hearing more, but perhaps via PM/email might be better -- drop me a note if you'd like. I understand your concern and appreciate the thought you have put in to this. You are right that Cryptsy is a larger exchange than we will be, but you have to keep in mind that Cryptsy shares costed around 5-20 times more than our shares (bitcoin price was lower than now, but rising throughout the sale) and that Cryptsy's volume back then actually was around the same figures we are expecting to get now. They were selling them at the promise that they would have more volume in the future. And the key difference is that we are not valuing our company at any price, but the investors are. So it really doesn't serve a purpose to tell us that you think the share price isn't profitable, since it is the free market that will decide how much each share gets. And the missing 50% is because of the way Cryptostocks works. Let's say 10,000 shares are bought. This would mean 40,000 shares exist in total. 25% in public ownership, 25% left to be sold at some later time (these won't be sold easily and will probably not be sold for a very long time) and 50% for ourselves that will never be sold. But this would mean we own 75% and thus get 75% of profit, but we promised to give 50%. So to do this in practice, we will destroy the remaining amount and cut the total to 20,000, with the 50% only existing in theory. This way we will have 25% of total shares (50% of shares on cryptostocks) and 25% in public ownership. Now we can bring 100% of our profit to cryptostocks and it will divide it 50/50 between us and public shareholders. We made this plan when we weren't quite sure how cryptostocks work. We now realize that we could probably just destroy all remaining shares and leave the 25% public shares as the only shares in existance, with the 75% existing only in theory. We could just bring 50% of our profit to the site and let the site distribute that with the public shareholders. And when we want to sell the remaining 25% we could just issue them. |
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We have updated the share profit calculator to now automatically get the amount of shares from Crypstostocks.
Almost 10,000 shares sold so far!
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We have added a simple share profit calculator, which you can use to calculate how much you will get for your investment. You will need to add the amount of total shares owned by public manually. http://alcurex.info/share-profit-calculator/How can you calculate profit without knowing profit of the exchange? You need to buy crystal ball  I hope our exchange will make good profit for all investors))) Me too. BTW calculator seems updated with current "shares sold now" ticker So help me out here: 1) Sell "shares" for a piece of an upcoming exchange's profits 2) Create exchange 3) Hopefully the exchange does well... 4) Profit! Seriously, alcurEx being listed on Cryptostocks doesn't help much with trading MRC right now. What sort of volume can we expect from alcurEx? No one knows. Hey, if you buy 10BTC worth of alcurEx right now, you'll have 85% of public alcurEx shares! If the site manages to do 20 BTC of volume per month, you'd be raking in the the BTC! But if the exchange sucks, or gets hacked, or whatever.... Damn. Almost makes me think it's worth a risk of a few BTC. Almost. Hahaha. Question: What commission percentage will alcurEx charge on trades? If it's 0.2% as an example, and you manage a trade volume of 10 BTC per day, then we're talking about exchange revenue of 0.02 BTC per day. That's 0.6 BTC per month so investors wouldn't break even, at least not in the first year. If on the other hand alcurEx can match some decent smaller exchange like Coins-e, Poloniex, Coinmarket, etc. that does around 100 BTC per day, we're talking about 0.2 BTC per day in revenue or 6 BTC per month, of which 25% is up for grab by investors? That's 1.5 BTC per month. If you invest 1 BTC right now (1000 shares) and only 10,000 shares total are purchased, you'd be looking at 0.15 BTC per month. Am I missing something? Also, what is the time frame for this initial IPO? "A limited time" doesn't tell us much. Actually, investors get 50% of profit. And it is stated very clearly in big text that the IPO ends when the exchange is launched, which will be by the end of the month. These shares are clearly meant for long-term investing. You're also missing that usually the shares sold are only fee shares with a very small percentage and have no promised ownership or other rights. If you have questions that haven't been answered yet, I'll be glad to answer them. This is how IPOs and fee share sales work and our deal is significantly more considerate of investors than any of the other exchange share sales I have seen. People usually buy shares because of speculating also. You should see Cryptsy, Coinex, Vircurex, Altswap and mcxnow fee share sales for reference if you want to decide if this will be a smart investment or not. |
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