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Well, it seems like all the trading volume is now on Poloniex 285k NAUT in the last 24 Hours while only 1852 over at AGX.io... looks like the security breach really hurt them.
Or is it just the number of people on Poloniex vs AGX?
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As far as I'm aware, your FeeShares generate ShareCoin interest just as holding ShareCoin does. So 1 FeeShare will generate 6,000 ShareCoin's in the first year (potentially 12,000 if they generate 60% in year one because they are held in the exchange). You will also get 0.001% of SharexCoin's profits paid to you in BTC.
So the downside of buying FeeShares is that you can't sell them (at least not yet), so you can't dump the 20,000 coins you put in. It basically forces you to hold your coins.
The upside is that you get the same interest as everyone else holding 20,000 ShareCoins in the exchange, but you also get a share of the exchange's profits.
If FeeShares we own do become tradable, then there will be no reason not to purchase FeeShares as you will get the same benefits as owning ShareCoins but also a share of the exchange profits. Well actually, the only downside would be if the ShareCoin value changed at a different rate to FeeShare value.
Right... also, you can always sell the SHARE that you get for interest. So, lets say you buy a FeeShare. Year 1 you will get 30% interest on that. You get that interest every day. So, 20,000 * 30% = 6000 SHARE * 250 SAT (current price) is .015 BTC (if I did my math right) a year. Plus the .001% of the Exchange's revenue. Granted not a l lot. But, if you were given 3 FeeShares you have 0 risk. Also, there is a potential that SHARE price will go up... which means your SHARE interest is worth more and the Exchange profit is more. This doesn't count revenue from the Gaming site which is in the plan. (although I'm not 100% sure the exchange FeeShare's apply to that) Or you could hold your SHARE in the exchange and get 60% interest the first year. Or, sell it now for like $50 - $60 worth of BTC. |
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When was ShareXcoin launched? For each Feeshare, do we get 0.001% of the 0.1% that they are generating?
I was launched like the 6th or so. You get a share of the revenue... which is actually .2% on every trade (buyer fee + sellers fee). Also, withdrawal fees are revenue too. You also get SHARE interest as if you had that 20k SHARE in your wallet. |
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Enjoy
Didn't you already post this? |
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Brian, you talked about adding PoS to this coin. I think it would be a nice way to go... assuming it can happen. I'm involved in some other PoS coins and getting interest just for holding is a nice feature.
But, wouldn't that mean versioning/forking the block chain?
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Hi, guys
We now support Scrypt ASIC miners.
We have updata the pool config. Now, you can use stratum+tcp://stratum.0feepool.com:3005 with high hashrate rigs.
The 3005 port is vardiff and started with diff 1024. So it should be enough for hundreds MH/s rigs.
Now, put your high hashrate rigs to the biggest naut pool http://naut.0feepool.com and mine with stratum+tcp://stratum.0feepool.com:3005 It will be higher efficiency than other pools.
so now fail with a rig 500MH? I'm about to do something crazy. I have to rent a 350mh and could not connect me to your pool, now get that are good news ..:-P Check the stratum address. I think it is supposed to be naut.0feepool.com NOT stratum.0feepool.com ! Berric can you confirm? |
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I just bought 3,000 nauti coins as my first ever investment in the crypto world. Where can I check the total number of coins that have been mined so far?
Welcome to the crazy world of crypto currency. Have you set up a NAUT wallet yet, or are all your coins on the exchange? If the former, you can open up the debug window in the wallet, go to the console and type getinfo. It will return some information and one of the items is total coin. You can also look at the block explorer which appears to be broken right now. |
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Just a little FYI
Me and a few others have been buying up your coins
Soon all the cheap coins will be gone.
Thanks for the fish and all but you guys are crazy
The buy support on the table could easily eat all your sells at this price
Also if there are others like me buying we could each eat the entire sell volume.
Anyways I'm just giving all you a heads up. Now I won't feel bad when you guys are wining about selling under 300
At what price are you eating? I'm a bit curious. I'd like to sell you some coin at 300 satoshi. There is a 1 million share buy order at 170 and a 2.5 Million buy order at 165. Those are huge amounts of support at that level. The highest bid is 177. If you want to sell at 300, you'll have to wait. Or, just buy FeeShares with it and collect your BTC and SHARE interest. |
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I can't believe the price is low, the appreciation of space is too big, where can I buy
this coin
It trades on Agx.io and Polinex. |
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Hi ziplibrary from, i just want to tell you , you are a dev Highly skilled, market looks awesome, is that MVC and a the view built in Bootstrap?
Looks like bootstrap and angularjs on the client. Hard to tell what's on the server. |
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I have a question gents.
I mined in the multipool and I was paid on sunday, as the multipool states.
By I haven't seen any shares in my wallet. Am I mistaken in anything?
thankyou
How were you paid? Did you use your own BTC address in the multi-poll or one provided to you by the website? It sounds like the former if you were "paid on sunday" directly by the multipool. Actually I haven't been paid yet! I used the BTC address given me by SHAREcoin website in the multipool. And the multipool site said these BTC earned were paid. In the SHAREcoin website there are no more BTC pending for my address. Therefore I expected to have the mined BTC to be converted to SHAREcoins somehow transferred to my wallet, but it doesn't seem to be so. Maybe I have not understood the right mechanism... Got it. I assume your wallet is synched up to block 15714? You can check your address in the block explorer to see if the payment is in the block chain. Beyond that, you'll have to wait for the dev to get back to you. |
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thanks for the info Brian. However, I will point out that while Bitcoin's value fluctuated wildly at first, it has become much more stable. IF you look at the charts over the last weeks it has been around $450 plus or minus less than 5%.
that said, I am on board with your project and hope it rises to the top of the alt-coin pile.
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Zip, Any updates? The last people on the list have been sitting at 0 days 0 hours for quite a while? I'm anxiously awaiting the dist to be completed so we can get some more deets on the payouts and interest. I hope we don't have to wait 2000 days for Evi_stale to get his coins.  |
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BK good work on the tshirts.
Any update on getting on coinmarketcap?
I think we should try to get on asap before a massive pump as being on cmc and then having a pump will create awareness for the coin.
I have been contacted by WorldCoinIndex and they will be adding NAUT. I have not heard back from CMC, but I have my marketing team working on it. It's like a bazzar of alt-coins. I expect this insanity will stop eventually. 99% of these coins have nothing new, unique or interesting to them. |
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I have a question gents.
I mined in the multipool and I was paid on sunday, as the multipool states.
By I haven't seen any shares in my wallet. Am I mistaken in anything?
thankyou
How were you paid? Did you use your own BTC address in the multi-poll or one provided to you by the website? It sounds like the former if you were "paid on sunday" directly by the multipool. |
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Is the .1% trading fee an introductory rate? It is much lower than the other exchanges.
Is there a plan to increase it once the Exchange isn't beta? Seems like .2% - .25% is pretty common.
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(emphasis mine)
May I suggest a new name for the FeeShare?
SurpriseBag
Buy it now we will tell you what is it later.
Actually there is no suprise here, every informations have been published. The official announcement is just like an instruction about how to receive interest. On second thought, you maybe right. There is a little suprise for the community regarding FeeShare, but this has nothing to do with the way of FeeShare distribution. So, simple question, you have seemed to say yes and no in different posts. Does FeeShare pay out SHARE as interest? Yes it does, I already said that in previous posts. FeeShare earn 30% stake by itself (These are stake generated from the ShareCoin you used to buy FeeShare) plus the revenues generated from ShareXcoin.com ShareCoin will earn 30% stake by itself and 30% more from the FeeShare sale. Excellent. Thanks. So, when the exchange needs more share to pay out, it will open the FeeShare sales again. Will this be for a certain time period, or until a certain number is sold? |
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(emphasis mine)
May I suggest a new name for the FeeShare?
SurpriseBag
Buy it now we will tell you what is it later.
Actually there is no suprise here, every informations have been published. The official announcement is just like an instruction about how to receive interest. On second thought, you maybe right. There is a little suprise for the community regarding FeeShare, but this has nothing to do with the way of FeeShare distribution. So, simple question, you have seemed to say yes and no in different posts. Does FeeShare pay out SHARE as interest? |
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We need to improve the site, should give the mail message confirmation
You mean before withdrawal? I think he means order fill notifications. Although deposit and withdrawal notifications should happen too. Email notes would be good, SMS would be a bonus plus. |
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Please give a rational argument to back up how a dev that gave away all the coins as well as giving away all the profits of fee share is killing the coin and exchange.
To be honest, I don't want to spread FUD. I am a rational man. 100,000 fee shares exist. Suppose each fee share worth 0.05 btc, that corresponds to a market cap of 5000 btc Look at cryptomarket cap. This makes feeshare to the top 20, between #18 and #19. How much trade does it require to make 5000 btc by an exchange? With trading fee of 0.1%, we need 5,000,000 btc trading, suppose we have the volume of 500 btc, we need 10,000 days, more than 25 years (a optimistic estimation, because there are so many exchange sites, sharex may only get 100 btc volume for a while, another concern is few exchange can exist for a long time, see Gox and coinex). Input/return is too small for such an investment. By the way, IMHO, making feeshare/Btc market is not a good idea for an exchange site at an age of only 1 week (Ponzi?). Focus on how to improve the exchange, promote the sharecoin is the importance. You must understand the re-distribution of ShareCoin first, you can read it here: https://sharexcoin.com/fee_shares/about50% of the revenues from ShareXcoin are given to the community for free. But it's doesn't happen in an instant. ShareCoins generated from FeeShare are re-distributed directly to ShareCoin holder through exchange's interest rate. All FeeShares are sold at a fixed rate: 20,000 ShareCoin per FeeShare. This rate will never change. All existed ShareCoin need to circulate 10 times for all FeeShare to be purchased. So basically, the exchange is now valued at 10 times less than your calculation. so if someone owns 1 FeeShare, they will get the same interest that someone would have for 20,000 ShareCoins stored in the exchange? so they get 12,000 ShareCoins in a year (for the first year)? So 12,000 SHARE + 0.001% of ShareXcoin's profits? interesting mathematics, that's only user AcidReniX wrote 18 posts (of 19 total) in this thread  Not sure if that is a positive or negative post  Well I've had a forum account for a while but never really needed to post anything on these forums. Saw a lot of potential with this coin and then saw some flaws in the FeeShare concept. But I'm learning new information about the coin each time and thought I'd share what I learn. What I just learnt was that FeeShares gain POS interest just like ShareCoins which means that if you're planning to hold ShareCoins for a while, you might as well hold them as FeeShares (the only downside being that you can't sell FeeShares at the moment (and not sure if there are plans to enable it later)). Interesting times with this coin  In terms of revenue (over trading), does the FeeShares pays in BTC or in ShareCoins ? BTC. |
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