*UPDATE* 10000 of the 5000 available are already asked for. I will still accept small orders <10 shares for a little time to accommodate the smaller fish at expense of the big fish. Thanks.
mcxNOW features* Written entirely in C++ by an experienced cryptocurrency developer that is very familiar with Bitcoin and written a completely new cryptocurrency from the ground up (MicroCash) .
* Able to handle upwards of a million simultaneous users on the exchange. No problems will be faced if excessive growth occurs.
* Has uptime of 99.999% in 3 months of operation, only going down for feature upgrades and new coins
* DDoS and DoS resistant.
* High security, no admin access possible from the internet. Exchange has guard threads which monitor all user accounts constantly to ensure if there is any bug or hack it cannot be exploited. 3 tier network security (separate web server proxies, exchange server and wallet server)
* Built in 51% protection for relevant Bitcoin technology based currencies
* Only one human involved in anything to do with the administration of the site, restricts the biggest weakness most exchanges face (human error and greed).
* Everything is custom, no SQL usage, site is RAM cached, on-disk encryption of data. Site has passed 3 professional pen testers and numerous hack attempts from anonymous parties.
* No 3rd party cookies, no 3rd party site monitoring, no outgoing connections to 3rd party sites.
* Anonymity is sought at every stage. Web servers don't log connections. Minimalist tracking on the exchange server itself. Will not willingly provide any data to 3rd parties.
mcxNOW goals* To remain a pure cryptocurrency/non fiat exchange to be protected from future laws involving fiat.
* To be the #1 exchange for every coin that is traded at it
* To be the first and biggest MicroCash exchange. Once MicroCash is added the fact mcxNOW itself doesn't do fiat will be irrelevant due to the instant nature of it.
* To be the most innovative and feature rich exchange. The fact it is coded in C++ and can handle a million+ simultaneous users already gives it a lot more potential than any other exchange can dream of.
* To never lose any users money due to a fault in the exchange.
What are mcxNOW fee sharesFirstly they are not shares in mcxNOW itself, this is for legal reasons. Holding a mcxNOW fee share gives you a percentage of every single fee mcxNOW generates. Earnings are paid daily, there is no middleman, there is a 1:1 direct correlation to fees generated and what you earn by holding a fee share.
How many mcxNOW fee shares are you creating?There are 100000 in total. 50% will never be sold, so the amount of available fee shares is 50000. Each share therefore represents 0.001% of the daily fees.
How much are you offering each fee share?
They will be selling for 0.1btc, which currently makes them worth roughly $10 each.
How will fee shares work on mcxNOW?Each day the exchange will calculate all the fees generated and reward you in every single currency the exchange has. This means any future currencies added will also give you new earnings. Fees currently include trade fees, withdrawing fees and even exchange upgrades like the pro trading account. Any fee the exchange generates now, or in the future, you will have 0.001% of for each share.
A new exchange tab will be created for these fee shares allowing people to trade them like any other currency at the exchange. You can have active orders and still accrue earnings. So not only can you earn money through the fees generated daily, but by trading them.
How long will fee shares be active and will you create more in the future?Fee shares will be active as long as mcxNOW is operating. It may make sense in the future to create more shares if price of a single share is too much, if any more shares are created you will receive your current percentage in shares of the new shares. So basically if mcxNOW doubles the fee shares to 200000 in the future to reduce price, you'll get double your existing amount of shares. mcxNOW will never relinquish more than 50% of the fee shares due to costs of running the exchange.
When will all this be implemented on mcxNOW99% likely to be before August 10th. The next update to mcxNOW is rather large and includes major overhauls to user accounts. Most of it is already done. There is also an unannounced feature that should greatly help mcxNOW to become the #1 exchange for every coin it trades.
An example :-
You buy 200 shares for 20BTC. Over a month (just an example) the exchange generates the following amounts in fees.
1000 BTC (950BTC from trading, 2BTC from withdrawing, 48BTC in pro trading fees)
100000 MNC
200000 WDC
20000 XPM
20000 SC
20000 LTC
You will receive 2 BTC + 200MNC + 400 WDC + 40 XPM + 40 SC + 40 LTC.
Every new coin added will increase the amount of fees you earn. Once MicroCash is on the exchange then the interest it earns may also be given in fees (TBD) .
How do I get mcxNOW fee shares?You can either buy them now or wait until August 10 when anyone who does buy them now has the option of selling them on the exchange at a price of their choosing. I'm aiming to only sell 1000 to 5000 of the 50000 shares initially to reward the people who do get in early. The remaining will not be offered on the exchange itself, leaving only the people who buy them before August 10 to trade. The goal is to do another release of the remaining shares sometime next year when the price is a lot higher and the exchange has proven itself over a longer period of time.
To buy them send me an email to
mcxnow.exchange@gmail.com with the subject "mcxNOW fee shares". Provide your user account on mcxNOW and number of shares you want to buy. You may not get all the shares you ask for if the amount is too large, but put the maximum you want anyhow. In the coming days you will receive an address to send Bitcoins to and the amount of shares you have been given. On the launch of the next update you will a confirmed amount of fee shares in your account ready to go.
Email orders will be processed in order by date received.
