[DGC forums] Coinmart - New Ebay/Bitmit style market place shares auction

[Skinnkavaj]

http://digitalcoin.co/forums/index.php/topic,625.0.html

We have decided to sell of 10% of our shares in Coinmart before launch, much in the same way as CryptoAve.  Shares give you the right to claim declared dividends. All net income will either go to retained earnings for building reserves, or be declared as dividends and distributed proportionally. But first what is Coinmart? Take a look at our introductory video here : http://youtu.be/K5rCE4br5c4 or view the images below.

Press :

Cryptosource.org : http://cryptosource.org/coinmart-co-a-cryptocurrency-marketplace-for-btc-ltc-dgc-in-development/
Cryptocoinsnews.com: http://www.cryptocoinsnews.com/2013/12/23/bye-bye-bitmit-hello-coinmart/

SPECS

Shares available = 10,000 (10% of the planned shares)
Minimum bid per share = 3 DGC
Minimum increment = 1 DGC
Shares per auction round = 1,000 shares

FORMAT

To make it clear that you are bidding, start your post with BID. There will be 10 rounds of bidding. Each round has 1,000 shares. A round ends when there are no higher bids for 12 hours. The winner of each round receives 1,000 shares.

If you want to bid 10 DGC per share, you would do so by multiplying the 1,000 shares available per round by the DGC per share you are bidding.

Example
BID: 1,000 shares @ 10 DGC per share = 10,000 DGC

WINNERS

The top bidder will be declared the winner.

Link: http://digitalcoin.co/forums/index.php/topic,625.0.html

[twentyseventy]

This share offer is crazy. 5BTC for 3 months of 2% of the site's profits? So, to make your money back, the site would need to bring in 250BTC in fees in 3 months.

And, for the site to make 250 BTC at 1.5% commission (excluding sponsored listings), the site would need to have total sales of 16667BTC.

Only $12.2 Million. In 3 Months.

[Timetwister]

This share offer is crazy. 5BTC for 3 months of 2% of the site's profits? So, to make your money back, the site would need to bring in 250BTC in fees in 3 months.

And, for the site to make 250 BTC at 1.5% commission (excluding sponsored listings), the site would need to have total sales of 16667BTC.

Only $12.2 Million. In 3 Months.

This forum is full of suckers, some will bite.

[Skinnkavaj]

This share offer is crazy. 5BTC for 3 months of 2% of the site's profits? So, to make your money back, the site would need to bring in 250BTC in fees in 3 months.

And, for the site to make 250 BTC at 1.5% commission (excluding sponsored listings), the site would need to have total sales of 16667BTC.

Only $12.2 Million. In 3 Months.

If you read further into the thread you will see that they offer 1% forever as long as the site is running.
Amazon and Ebay is both billion dollar businesses.

[Timetwister]

This share offer is crazy. 5BTC for 3 months of 2% of the site's profits? So, to make your money back, the site would need to bring in 250BTC in fees in 3 months.

And, for the site to make 250 BTC at 1.5% commission (excluding sponsored listings), the site would need to have total sales of 16667BTC.

Only $12.2 Million. In 3 Months.

If you read further into the thread you will see that they offer 1% forever as long as the site is running.
Amazon and Ebay is both billion dollar businesses.

They should explain it also in this thread then.

[jimmothy]

If you are going to accept ltc and digitalcoin you might as well accept a better variety of altcoins. Ive never even heard of dgc being used anywhere.

Website design looks great though.

[Skinnkavaj]

If you are going to accept ltc and digitalcoin you might as well accept a better variety of altcoins. Ive never even heard of dgc being used anywhere.

Website design looks great though.

Price will be pegged to USD though

[Unicus]

also make sure to check out their "other" project here https://bitcointalk.org/index.php?topic=543503.240
Be warned and deal with caution.