Let me first introduce the project before you read the contract which will be proposed.
As some of you may know already I'm neotrix, 50% shareholder of Esecurity SA. Esecurity SA own koddos.com and kovpslayer.com. I'm also managing Esecurity SA 1 and 2 on litecoinglobal and one fund in BTC on Btct.co since fews months.
As announced yesterday, we are preparing a new trading plateform for crypto currencies and we would like to make this new service 50% publically owned. Let me first introduce this new service coming soon to you.
We have focused mainly on friendly trading interface, API and trading terminal. The website will be first owned by Esecurity SA (Koddos.com) until a new company is registered specially for crypto-trade.com.
Cryto-trade.com will accept trading with EUR and USD ( AUD and more will be added if needed for BTC) for BTC, LTC, NMC, PPC, TRC, DVC.
Pairs offered for trading will be (more will be added) :
BTC/ USD BTC/EUR LTC/BTC LTC/USD LTC/EUR TRC/BTC TRC/USD NMC/BTC NMC/USD PPC/BTC PPC/USD DVC/BTC
More currencies and cryptocurrencies can be added later.
The sale of 50% of share to public could have multi effects. While assuring a huge promotion of the site in the community the fund of sales will be used in part to add more features, deposit and withdraw option and more. Good dividend can also be provided to a lot of people in the community according to trade volume and fees calculation as observed daily with respect to actual competitors. I would like to indicate that I don't really need funding for this project and can fund everything by myself, however I see a great potential and benefit to make the public 50% share holder , as explained previously, mainly for promotion purposes.
Fees of transactions will be as follows for users of this trading platform:
0.2% fees transaction for standard member
0.15% fees transaction for VIP member ( more than x volume monthly, more than x shares owned, or other categories can be considered later)
Official link: https://www.crypto-trade.com
The demo is only a prototype and will be updated daily from now to the launch date. Many functions are not enabled actually so you dont need to report any bugs of any sort. Anyways, suggestions for new features, improvement of present ones and other ideas are always welcomed. The display values or figures are dummy values and are in no way reflecting real figures.
The actual hosting is a shared hosting which is purposely used for testing and it will be moved to an efficient dedicated server with 16 cores, plugged onto Esecurity SA Network with High DDOS protection (Koddos.com). Dont be surprised to see the website not loading as fast as it will soon be blazing fast with upgrade in hardware and network.So you may experience performance issues at the moment.
PS : please use only Mozilla firefox for now, other navigator are not fixed and could create problem during your navigation.
Please find below the contract which will be used for listing soon on BTCT.CO and litecoinglobal (next batch could be sold on other platform):Description:
Crypto-trade.com is a new trading platform for crypto currencies, It will allow users to trade USD, EUR for BTC, LTC, NMC, TRC, PPC, DVC. This project is launched under Esecurity SA company ( koddos.com, kovpslayer.com) and will be moved under its own company as soon the registration is completed. The management will be handled by Esecurity SA team (currently managing koddos.com)
The link of the website is : https://crypto-trade.comListings
Shares will be sold in BTC or LTC using BTCT.CO for BTC (Other platforms can be selected for other batches in BTC) and using Litecoinglobal for LTC.Shares issuing:
50% dividend rights and 100% opinion/motion rights will be sold in 5 batches of 10,000 shares ( 10% each) .We will start by selling 1st batch(10,000 shares) for BTC and 2nd batch(10,000 shares) for LTC.The last 3 batches will be sold for BTC only.
It means that 40,000 shares will be available at end for BTC or 40% dividend rights and 10,000 shares for LTC or 10% dividend rights of crypto-trade.com. About the price of this operation we observed volume and estimated profits of our competitors and we decided the price of this sales according some profits estimation. The profits could be some % monthly for shareholders. I let each investor make its own calculation and decide if this offer will fill its expectations and investment requirement before to take any decisions to invest in this opportunity.Batches will be sold as follow :
First 2 batches for BTC and LTC will have a face value of 0.20 btc each or the equivalent in LTC ( According to last equivalent LTC rate ), I will try to update the LTC share price everyday.
The 3 lasts batches in BTC will be sold at 0.25 BTC, 0.30 BTC and 0.35 BTC each respectively.
The date is not planned yet for the last 3 batches , and the issuer can launch the last 3 batches at its whole discretion 24 hours after a public announcement.Assets of the listing:
The listed will
- Own the source code, Design and texts contents
- Own the domain name
- Own 16 cores server to run the website
- Own a percentage of monthly profits
- Own a right to vote for new decision, via motions/opinions systemOperation costs
There will be no operation cost taken on monthly profits other than the 50% rest profit which is not sold to public for the direction of project. Server will be bought by the direction and plugged to Esecurity SA DDOS protected network for free for the lifetime of the project. No management cost will be deducted as it is included in the rest 50% profit.
Only some costs can be deducted for further development which solely relies on public motion obtaining 51% vote from all shareholders. (the 50% shareholders representing 100% of motion, the direction cannot vote for motion proposed)Dividend
The monthly net profits includes : total of BTC or LTC earned with fees on transactions + all other crypto currencies fees and usd, Eur fees converted daily to btc or ltc. 50% of this amount will be issued monthly as dividend to the shareholders owning 50% of the right on dividend.
The dividend will be issued, the first day of each month. All shares sold on public market are entitled to the dividend payment. The dividend could be also provided weekly instead of monthly at the whole discretion of the issuer.
The first dividend will be issued the first month after the launch of the website.
The dividend will be issued proportionately to the number of shares sold until all shares are sold in public market.
Ex: If only 1 batch of 10% has been sold, 10% of the total website profits will be issued as dividend.
We cannot predict our future dividend and can only analyse monthly profits of our competitors who match around our planned fees. This website ( we won’t expose their identity) does trades summing up to 100k to 200k usd total volume daily and gets 0.4% of this volume around. This would mean a profit of 400 to 800 usd daily. According our estimation, after few months of operation we could make a profit of 25 000 USD monthly easily, and we would reverse if we reach this level, 12.500 USD monthly. This would make the dividend to few % monthly profits for shareholders.Share Buyback
The issuer has no right to buy back. Shares are definitive sold on public market and the only way for issuer to buy back will be to buy it on public market.Communication
All important announcements will be made on:
- Exchanges where listing are listed using their own mailing or inside system
- bitcointalk.org Risks and profitability
You must consider this investment a medium risk investment with a high possibility of profits depending on volume observed on other competitors. However operating a crypto currency trading platform incurs some risk related to crypto currencies themselves ( double spend attacks, …) as well as the website could be victims of attack which could impact profits. However , be informed about the fact that we are specialist in server security since years and we will provide our best to avoid such incidents. Closure of activities
The company can be closed and its activity stopped, if one of the following case appears :
- The company suffers losses for 6 months consecutively.
- The 3 managers are incapable to manage (death, hospitalized for a long time , natural disaster…)
- One justice order orders us to close our activies ( risk decreased as the final company will be registered in an offshore country with an exchange market not regulated)Liquidation of the operation in case of closure:
The following describe actions that will be taken in the case of the company’s closure.
In the best case the company will be sold to a competitor or to another big company willing to expand their business in another fields. 50% of sales price will redistributed to shareholders as a final dividend in order to close the fund.
In the worst scenario, all assets will be liquidated and 50% of revenues will be redistributed to shareholders.
Every potential investor are requested to analyze this offer seriously before going ahead to ensure that it meets their expectations and requirements. The only example for estimations of profits are competitors and this is what we chalked out based on our estimations.
Link to the listing on Btco.co and Litecoinglobal.com :
Batch 1 ( 10 000 shares represnting 10%) BTCT.CO : https://btct.co/security/CRYPTO-TRADE
batch 2 ( 10 000 shares representing 10%) LTC-GLOBAL : https://www.litecoinglobal.com/security/CRYPTO-TRADE
Regards, Neotrix ( Owner and shareholder of Esecurity SA, Koddos.com and Kovpslayer.com)