[CRYPTO-TRADE] Crypto-trade.com IPO and official thread!

[neotrix]

It's great to have a competitor to btc-e! I'm tired of having that site being DDOS'd every other day.

On that note, how will you defend against DDOS? How will you maintain a near 24/7 uptime?

Also, please consider including either customizable charts for the exchanges, for example changing the timeline duration and changing candlestick vs average price. Perhaps an embedded chart from LTCcharts may work. If that is too difficult for a new website, a simple chart like on BTC-e still works very well for viewing the activity of the last 2 hours graphically.

About DDOs protection Esecurity SA (my company) own koddos.com, using its own network ( servers, routers...), own ddos protection hardware costing around 200 k usd, unique software...The server will be plugged to our network so we will defend this site as we do for our customers since years.

We also helped coinotron to come back online, after their 2 or 3 weeks downtime due ddos attack. Coinotron.com, they quote koddos.com on their mainpage, if you want to give a look.

About charts all charts you can see will be customizable. We didnt completed this part right now.

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[🏰 TradeFortress 🏰]

What is your involvement with http://awillandawaycounseling.com/ ?

It appears the Crypto-Trade has stole the under construction page (no longer visible now) from awillandawaycounseling.com

You're asking too much for nothing really, and if it turns out that you are not affiliated with awillandawaycounseling then stay away from this asset at all costs.

[neotrix]

What is your involvement with http://awillandawaycounseling.com/ ?

It appears the Crypto-Trade has stole the under construction page (no longer visible now) from awillandawaycounseling.com

You're asking too much for nothing really, and if it turns out that you are not affiliated with awillandawaycounseling then stay away from this asset at all costs.

The template used for Under construction is a template everyone can buy for some bucks then custom.

The template under construction is 0.1% of what is showed actually.

Click on Demo button you will se some more crypto-trade.com/demo

[neotrix]

Reply for the last BTCT.CO vote

Anonymous voted ABSTAIN with comment: It the site just a in-progress template? Can you open beta access to show that it is more than a partial web template?

If you go on crypto-trade.com you will see a demo button, click and you will be redirected on the demo.
Direct link for demo is: crypto-trade.com/demo

[🏰 TradeFortress 🏰]

What is your involvement with http://awillandawaycounseling.com/ ?

It appears the Crypto-Trade has stole the under construction page (no longer visible now) from awillandawaycounseling.com

You're asking too much for nothing really, and if it turns out that you are not affiliated with awillandawaycounseling then stay away from this asset at all costs.

The template used for Under construction is a template everyone can buy for some bucks then custom.

Okay, so at least you didn't steal the design (but it's just a template with a few basic customizations).

It took you, $9 for the under construction template?

Slap in jQuery UI, do some backend coding, get a license of HighCharts and some off the shelf chat box plugin that says "Thanks for checking out my jQuery plugin, I hope you find this useful. "?

I'm sure that your DDoS migration business is very successful and legitimate, but this is ridiculous. It's nowhere worth near what you are asking for, of course in my opinion.

[neotrix]

What is your involvement with http://awillandawaycounseling.com/ ?

It appears the Crypto-Trade has stole the under construction page (no longer visible now) from awillandawaycounseling.com

You're asking too much for nothing really, and if it turns out that you are not affiliated with awillandawaycounseling then stay away from this asset at all costs.

The template used for Under construction is a template everyone can buy for some bucks then custom.

Okay, so at least you didn't steal the design (but it's just a template with a few basic customizations).

It took you, $9 for the under construction template?

A couple of hours, a license of HighCharts, jQuery UI and some off the shelf chat box plugin that says "Thanks for checking out my jQuery plugin, I hope you find this useful. "?

Whoever invests in this is going to find that the IPO is severely overvalued.

Most features you see inside are aleady coded on our internal demo, we like to test everything before to upload on the public demo to avoid many useless report of bugs. The shoutbox is actually being to be uploaded in few hours. We are working on that today and some other code.

We dont sell a website template we do sell a business potential. You are free to dont buy it. About the price I will just request to people to look price of : Vircurex sold 8% for 2500 btc, satoshidice I even prefer dont talk about his price. Then Our price is based on estimation giving mych more profits than both example quoted. You are free to dont buy it. But at least let be honnest, analyse other offer and market before to claim its a so high price.

Last word about: I told many times, the website will be launched even if 0 shares are sold. See it like a dividend opportunity, as said previously you are free to dont love the concept and to stay far of it if it dont fit your expectation as investors.

[🏰 TradeFortress 🏰]

Great, why is your "Forum Partner" bitcointalk.org? Does theymos sponsor this project?

Why do you mention BitInstant on your site while BitInstant isn't even aware of it?

We certainly need more bitcoin/alt coin exchanges, I'm not calling this a scam by any means, I'm just offering my opinions on this asset.

You must consider this investment a medium risk investment

This is not a medium risk investment, this is venture capital. Wikipedia:

"Venture capital (VC) is financial capital provided to early-stage, high-potential, high risk, growth startup companies."

You don't have any customers, you are asking insane amounts for VC.

This won't make past any angel funding screening process.

[neotrix]

Great, why is your "Forum Partner" bitcointalk.org? Does theymos sponsor this project?

Why do you mention BitInstant on your site while BitInstant isn't even aware of it?

We certainly need more bitcoin/alt coin exchanges, I'm not calling this a scam by any means, I'm just offering my opinions on this asset.

Ok I'm removing the forum link if can make you happy, I see this forum is linked to many pool or other business as each owner use this forum for official thread, I will also make an official request to admin of this forum before to add a link on the website... For bitinstant I will contact them in the month like all other payment processor to deal with them. Being a registered company I dont see why i couldnt work with them then. The logo bitinstant or all other payment processor is also for display purpose showing what payment processor is willing to be added.

[🏰 TradeFortress 🏰]

Okay, please don't be offended by what I'm posting here - I'm doing it to (help others) get a better picture of this asset. Good luck through!

[neotrix]

Okay, please don't be offended by what I'm posting here - I'm doing it to (help others) get a better picture of this asset. Good luck through!

I'm not offended and understand your point of view. I'm just trying to reply and justify our choices. I welcome all critisms as I think it allow to make things better. 10 brains together are more stonger than one, so that's ok with me we can debate about price and other.

I can understand about website not completed yet. But imagine the price is quoted for full website, company registered, lawers fees, time of my team, a server costing 7000 usd and a free hosting service with high ddos protection for lifetime and then lifetime dividend. You will be agree that if crypto-trade reach BTC-e volume at this price this IPO will be really profitable. Then I agree if the site don't sucess or less than planned the dividend will be lower than planned. But I think we are doing everything to ade this plateform the best available. You dont see the full features inside menber area for now but in few days you will see what I'm talking about

[poly]

What is the problem with using paid templates? It's not very professional, but it doesn't mean this is a scam.

[neotrix]

What is the problem with using paid templates? It's not very professional, but it doesn't mean this is a scam.

The paid template is only for the page under construction, we added it at end before to launch the demo officially in order to dont confuse ppl, first they see not launched on the domain name and then they can acess demo being informed the trading and all are not open right now.

[wisard]

Could you please talk about:

- your marketing plan. How do you plan to become as big as btc-e?
- your management team. What can you share that shows us you are capable of handling a project of this nature? What skill sets does the team possess. What skill sets are lacking and you'll have to hire other employees and consultants?
- your growth and scaling plan.What are the milestones you are working towards? What metrics will you be tracking besides total profit?

Basically, all I can see is that you have a good handle on the production part. But you also need to let us know about your marketing and management plans.

[btcash]

I still don't get why the IPO is 3 weeks before the website launch and 7 weeks before the first dividend payment.

to early adopters who are ready to bet it will be a sucess, while other batch will be sold later expensiver when no real risk seeing the actual profits...

If you would start selling on April 2nd it would still be risky since no ones knows if people move from btc-e to Crypto-trade.

[Deprived]

I still don't get why the IPO is 3 weeks before the website launch and 7 weeks before the first dividend payment.

Because that way they make up to a few hundred thousand USD even if the site never works.

Making the web-site is the easy bit.  Sorting out fiat deposits/withdrawals and attracting a customer base is the hard part.

To get same volume as BTC-E they not only have to take a large part of BTC-E's business but also take some BTC/USD custom away from MtGox (or draw in a bunch of new trade not currently using exchanges at all).  I see no information on how this is going to be done - just a demo website, the visible part of which could be knocked up in under a day by a competent web-designer.

I'd like to see a new strong competitor to BTC-E myself - but i'm not a big fan of vaporware IPOs.  I struggle to think of a single BTC website-based business which sold shares before having any customers then ended up doing well for investors.  The few that have done well (for investors) waited until they were operational and had some sort of respectable trade before selling shares.

ANY sort of plan would be nice to see - not just "we'll build a website and make lots of money".

The approach of "I'd like to do something for the community - so please send me money" is getting rather old now, as well as being overused (by pretty much everyone asking for funds for something that doesn't actually exist yet).  They're all doing it for the community - not for the funds going into their pockets even if the project fails.  None of them need the money - it's just an unfortunate side-effect of them helping the community that everyone has to send them it.  Does ANYONE actually believe that?

[neotrix]

I still don't get why the IPO is 3 weeks before the website launch and 7 weeks before the first dividend payment.

Because that way they make up to a few hundred thousand USD even if the site never works.

Making the web-site is the easy bit.  Sorting out fiat deposits/withdrawals and attracting a customer base is the hard part.

To get same volume as BTC-E they not only have to take a large part of BTC-E's business but also take some BTC/USD custom away from MtGox (or draw in a bunch of new trade not currently using exchanges at all).  I see no information on how this is going to be done - just a demo website, the visible part of which could be knocked up in under a day by a competent web-designer.

I'd like to see a new strong competitor to BTC-E myself - but i'm not a big fan of vaporware IPOs.  I struggle to think of a single BTC website-based business which sold shares before having any customers then ended up doing well for investors.  The few that have done well (for investors) waited until they were operational and had some sort of respectable trade before selling shares.

ANY sort of plan would be nice to see - not just "we'll build a website and make lots of money".

The approach of "I'd like to do something for the community - so please send me money" is getting rather old now, as well as being overused (by pretty much everyone asking for funds for something that doesn't actually exist yet).  They're all doing it for the community - not for the funds going into their pockets even if the project fails.  None of them need the money - it's just an unfortunate side-effect of them helping the community that everyone has to send them it.  Does ANYONE actually believe that?

I will repeat it only one time more : Even if we sell 0 shares the site will be launched. Then I don't think that try to explain more our motivation worth it. You have your opinion that's your right.

I'm starting to be bored to read, only demo...Then where are your projects guys ? Its so easy to setup blabla yes we all know but so where are all your projects? At least I'm trying to do something...and offer much more potential profits than vircurex or satoshi dice price/dividend ratio.

Could you please talk about:

- your marketing plan. How do you plan to become as big as btc-e?
- your management team. What can you share that shows us you are capable of handling a project of this nature? What skill sets does the team possess. What skill sets are lacking and you'll have to hire other employees and consultants?
- your growth and scaling plan.What are the milestones you are working towards? What metrics will you be tracking besides total profit?

Basically, all I can see is that you have a good handle on the production part. But you also need to let us know about your marketing and management plans.

I could explain all the marketing plan but I dont wish to do it for now. I could also make the script we are coding opensource and so anyone coul open its own trader...and i could even give 50% for free of futurs profits. It is irony which mean I dont actually want to elaborate publically my marketing startegy, at least no more than what i already develloped in contract or in forum. I wish to keep some part secret like any businessman who like to protect his future business.

Management team will be composed of 3 people, I also explained this previously in this thread.

[wisard]

Before investing in an IPO, a good investor looks at a few things to analyze risks:

1. Is the product / idea good enough?
2. Is the team capable?
3. Do they have a good plan to attract new buyers and bring in more revenue?
4. Is the whole venture scalable?

You have not given satisfactory answers to any of them. All you have said is if the site becomes as popular as btc-e - then the dividends will be pretty good. But there is a big IF over there. And you've not given potential investors any kind of a clue if your team is capable of achieving that or if you have a marketing plan to achieve that.

You say your site has the "potential" to do better than vircurex or satoshi dice, but when asked to explain how you will unlock this potential, you clamp up.

You need to do a better job than this. You have to expect hard questions when you don't have a track record to show off for the venture - when the venture is still at development stage and its not been launched.

[ThickAsThieves]

I notice you're selling shares at .2BTC, that's a typo right. I'm sure you must mean .002?

[zx9r]

According to your numbers,

- Total shares 100.000 (50.000 held by you, 40.000 sold in btct and 10.000 in ltc-global)
- Initial shares prices = 0.2 * 20000 + 0.25 * 10000 + 0.3 * 10000 + 0.35 * 10000 = 13.000 BTC ($45 per BTC = $585.000)
- Estimated monthly profit = $25000 (which is the same as an already stablished competitor, seems pretty optimist)


let me make some math:


- Montly dividend per share = $25000 / 100000 = $0.25 ($45 per BTC = 0.00555555 BTC)
- Montlhy profit per share at 0.2 BTC = 0.00555555 / 0.2 = 2.8%
- Montlhy profit per share at 0.35 BTC = 1.6%


Could you confirm that numbers are right ?

[Ukyo]

Great, why is your "Forum Partner" bitcointalk.org? Does theymos sponsor this project?

Why do you mention BitInstant on your site while BitInstant isn't even aware of it?

We certainly need more bitcoin/alt coin exchanges, I'm not calling this a scam by any means, I'm just offering my opinions on this asset.

Ok I'm removing the forum link if can make you happy, I see this forum is linked to many pool or other business as each owner use this forum for official thread, I will also make an official request to admin of this forum before to add a link on the website... For bitinstant I will contact them in the month like all other payment processor to deal with them. Being a registered company I dont see why i couldnt work with them then. The logo bitinstant or all other payment processor is also for display purpose showing what payment processor is willing to be added.

Hey Neo,

I think you could just remove the 'partner' text and put 'Bitcoin Forum'. That should work out I think.

You mentioned that the payment processors are just for display purposes.
Can you tell us what payment methods you have available currently?

It would be nice to know what things on the site are 'for display purposes' and what are real for the site.

Do you have any market movers already signed up to be able to provide liquidity to start the platform to trade?

I know people are asking you a lot of questions and it can be tiring, but that's okay, it is a good thing. That means they are interested, and making more people interested.

This is a product, and you have to sell it.
People want to know if they throw their BTC at you (when BTC is at a 2yr high and may go higher) that it is a better investment than sitting on it watching it go up. (and down)
They want to understand why your site will be so great that people will choose it over others and what your plans are to make that happen.

"Confidence is key." We are all just trying to help make the IPO a success.