if i'm not mistaken one feeshare should give you 20ks a day if the volume is based on 24 hours
What's a ks? 20k satoshi, i like to use the abbreviation Ah. So if you are right, 20ks is 7280ks per year, which is .073 BTC or $ 32.23 per year. At the current exchange rate of 303 Sat = 1 SHARE that's about $30 for a fee share. So, 100% return on investment per year. That is over priced? my calculation was based on current volume(about 20 btc), if volume skyrocket to 1k it will become very profitable, but for now not so much How is a 100% return per year not profitable? Also, if that is current volume, like 5 days in, I would expect volume to increase. It would also be good to market this exchange to coins that are looking for an exchange and getting some exclusivity. We still don't know if the FeeShare's get your revenue from the Gamin site. If they do, then return will be even higher. |
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if i'm not mistaken one feeshare should give you 20ks a day if the volume is based on 24 hours
What's a ks? 20k satoshi, i like to use the abbreviation Ah. So if you are right, 20ks is 7280ks per year, which is .073 BTC or $ 32.23 per year. At the current exchange rate of 303 Sat = 1 SHARE that's about $30 for a fee share. So, 100% return on investment per year. That is over priced? |
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if i'm not mistaken one feeshare should give you 20ks a day if the volume is based on 24 hours
What's a ks? 20.000 Ah. FeeShare earnings are paid in BTC. |
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As it stands, 0.001% of the exchange's income is worth $50.
$50 how often? If you invest $50 and it returns $50 a year, that's a very very very good investment. that's damn high, too good to be true The point is, we don't KNOW if the value of FeeShare is high or not. Since we don't know the ROI. We can't know the ROI until we know the weekly/monthly revenue of the exchange. I'm shocked at the number of complaints. I expected a few, but 1500 people were basically GIVEN .003% of the revenue of an exchange for nothing more than about 5 minutes of work, ie dl a wallet, sign up, put something in your sig for a week. No one is twisting anyone's arm to buy FeeShares. the problem seems to be that some people were buying on the exchange with plans to buy freeshares, but not enough info was provided... so they claim. Ok, I get that. But sometimes in life you take a risk. Without the price of FeeShare being listed they took that risk. They could have waited. That said, the highest I think I've seen 20k share sell for was about $40 worth of BTC. There's no way to know if that is a good or bad price before we start to see what the FeeShares are returning. I do agree that if the price was known ahead of time it should have been listed in the OP. Also, the line about "if you own SHARECoin you share in the revenue of the exchange" wasn't 100% correct but was clarified on the thread. But, the OP should have been corrected. |
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if i'm not mistaken one feeshare should give you 20ks a day if the volume is based on 24 hours
What's a ks? |
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As it stands, 0.001% of the exchange's income is worth $50.
$50 how often? If you invest $50 and it returns $50 a year, that's a very very very good investment. that's damn high, too good to be true The point is, we don't KNOW if the value of FeeShare is high or not. Since we don't know the ROI. We can't know the ROI until we know the weekly/monthly revenue of the exchange. I'm shocked at the number of complaints. I expected a few, but 1500 people were basically GIVEN .003% of the revenue of an exchange for nothing more than about 5 minutes of work, ie dl a wallet, sign up, put something in your sig for a week. No one is twisting anyone's arm to buy FeeShares. |
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Actually is not in the minority here! Most of the smart grown up people with eyes for business don't just come here and reply to kids that cry that they want their lunch money to make them rich overnight. When in fact this sharecoins were free to most of the kids posting here and should be thankful that they just made a average of 100$ profit from doing nothing!
So again another one who intends on purchasing a lot more ShareCoins and investing in FeeShares? Because atm, I'm seeing a few people saying it's good but plenty still up for sale. And Mr whale who hasn't put his money where is mouth is, yet? Exchanges are 2 a penny, it's a crowded market. So right now it's pure speculative IF in the future the exchange is successful. I hope it is, but right now I'm not buying ShareCoins to invest in FeeShares. I'll wait and see the btc pairing, and decide what to do, unless the current offering is changed. This does not excite me in anyway (for a brand new and unproven exchange): 20k ShareCoin @ 300 sat = 0.06 btc ($26) for 0.001% This! Isn't there some way to calculate the expected ROI from freeshares? I am not a mathematician, so this is not my strong suit (although I am holding both Sharecoins and Freeshares *and admit to being totally speculative, but it was free so some long shots in life are worth taking)...but I'm sure someone smarter than me has some formula to figure this out? Even just as a speculatory theory... 20k ShareCoin @ 300 sat = 0.06 btc ($26) for 0.001% Total Revenue (so far) = ? 0.001% of Revenue = ? FreeShare value = ? BTC rough estimate based on share/btc transactions: 2~3BTC so 0.1% fee, gives a profit of 0.003BTC 0.001% of 0.003 = 3sat edit: forgot it gets paid in Sharecoin so it is 0.01sharecoin FeeShare earnings are paid in BTC to your ShareXCoin balance. |
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if none of share holders buy feeshare, what will happen?
Um... Dev gets all of the profit then, instead of paying a percentage out to holders. Yep. And Sharecoin will have value based upon other factors, like the forthcoming gambling Website and the buying pressure from the multipool. there will be zero buying pressure from the multipool. the sharecoin made from selling the fee shares will be used for multipool earnings at current market value, it will be off the books Nope. Not according to the FeeShare Info page. Did you guys read it? |
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if none of share holders buy feeshare, what will happen?
The exchange will maintain 100% of the revenue. That said, 131 FeeShares have already been sold. |
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Here's a summary of the issues:
1) We need tradeable FeeShares.
2) We need a lower price on FeeShares or ShareCoins need to devalue before FeeShares become viable (something no one here wants).
3) We need to address how the ShareCoins used for purchasing FeeShares are going back into the system (in detail).
1. The dev has stated multiple times after the FeeShare IPO closes there will be a FEE/BTC market. 2. Not gonna happen. 3. It is all spelled out on the info page. The SHARE coin used to buy FeeShares is given back to ShareXCoin members holding SHARE there in the form on interest. |
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Let's see. We need 1 BILLION SHARE to buy the 50K FEECOINS available to the public. There are 100 MILLION SHARES, with the POS rate the coin has, we will never reach it. Basically, they are keeping much mor revenue than what they state too.
Money gets recycled. Did you ever go to a casino and get one of those slots bonus cards? When you first get it you look at it and say, wow, I'll never get even the lowest reward. I'm not gonna gamble $500 in slots on my vacation. But, the truth is that most vegas slots pay you back about 80-90% so you keep pulling. So, that $20 you put in racks up maybe $100 on the reward plan. The Share will work the same. The SHARE used to buy FeeShares is given back to ShareXCoin members in the form on interest. The Dev isn't keeping ANY of that. Also, the multipool earnings are used to buy sharecoin on the exchange and distributed to the multi-pool members. So, that money will recycle back and forth, and it is possible to buy more than 5000 fee shares with 100,000,000 SHARE. Will it take a while? Yes. Is it possible? Yes. |
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excessively expensive FreeShares price spooked market.
Yes, also the structure of the fees/interest. It is very clearly a grab for excess profit by the dev. at too early a stage. Up until now, the dev. seemed to have a clear plan and good business sense. I think the feeshare details were something of a misjudgment. I'm not sure why you say this. ALL the SHARE spent on FeeShares is going back to SharexCoin members in the form on interest on their SHARE deposits. |
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As it stands, 0.001% of the exchange's income is worth $50.
$50 how often? If you invest $50 and it returns $50 a year, that's a very very very good investment. |
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No, FeeShare sale will close 3 days after all ShareCoin are distributed, given everyone a chance to get their hand on FeeShare.
Whats the plan for the unsold shares? Also in an unlikely event, if not enough share are sold, how will you generate the 2XPOS for exchange coins and pay out the multipool? I wrote all about it here: https://sharexcoin.com/fee_shares/aboutHi Zip, the exchange site looks very good to me, there is one thing i worry: the exchange fee is 1%, is it too high? Because I see a lot of exchange, such as btc-e, mintpal, cryptsy all have fee of around 0.1-0.2%. It's .1%. Just try it. I put in a test buy which was .035 BTC, the Fee was listed as .000035 which is .1% of the buy price. |
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Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.
Is the NSF trading automated or manual? |
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Is the same feeshare apply to the upcoming gambling site?
Great question. |
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I personally am going to hold my ShareCoins for staking. I think 3 FeeShares for my initial ShareCoin distribution is just robbing you unless the exchange becomes successful.
I think if the exchange fails it is because ShareCoin failed or vice versa. The two go hand in hand. I think the price of ShareCoin is going to adjust based on the payouts that a FeeShare is making. I'll wait on getting a FeeShare till I see some revenue numbers. Till then, I'll just deposit my coins in the exchange and let them earn their 60%. |
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1 fee share = 20k share coin ..
1 sharecoin = 500 satoshi
this equates to 5m$ usd for the sharexcoin exchange website. Is this expensive or reasonable?
It fully depends on the exchanges revenue, doesn't it? If a FeeShare will return 8-10% per annum it is beating many investments. |
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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. But when you do the payout to the shareholders, they will only get 0.001% of the profits, even though there are only 5000 FeeShare (5% of the total) are there to start with, right? or do you see the 5000 shares as 50% until you do the next distribution of fee shares? I expect they are front loading their profits to pay for upfront dev costs and stuff. Remember, the devs got 0 coin in this, yet they (he) spent all his time, money and energy setting everything up. That said, I'm sure they will only be paying out 5% of the revenue at the beginning. Thats fair I think for all the dev effort and upfront costs. So in effect, the public will be getting 5% of the revenue and the remaining 95% (50% for the dev effort + 45% of the non-existent future shares ) will be kept by the devs when we start. Yep, now I wish I had bought all those ridiculously cheap SHARE that many of the dumpers were selling at. Maybe there is still a chance to get some more cheap since there are probably a few hundred who have yet to get their initial distribution. |
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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. |
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