mcxNOW Fee shares : Cryptocurrency daily earnings

[TheRealSolid]

Why did you only do 5000? I would have bought a 1000 at least but now there is none left?

Yes all up over 20000 were requested and I had to put the breakers on it. But I believe it's in the best interests of mcxNOW to not have too many feeshares released initially, I am not hard up for the cash (most of the exchange is built already I'm just adding more stuff) and I'd rather see the 100 or so investors have a very nice return themselves on it. I'm sure you'll be able to get some on launch day if you just offer a tiny bit over 0.1btc, many people think in the short term.

[TheRealSolid]

Ok 10000 have already been asked for which is over double what I wanted to sell. I'll still accept small orders < 5 to 10 shares because I'd rather get as many people in as possible rather than just let the few benefit. The guys asking for big amounts will just have their orders clipped a bit to accommodate this.

10'000 ask?

Topic: mcxNOW Fee shares : Cryptocurrency daily earnings  (Read 291 times)

He means 10000 shares.

The number of applicants is probably less than 100.

Correct, I was aiming for about 100 people to get involved in this, not just 5 rich guys buying all the shares like in the "real world".

[shakezula]

I'd like to get in with a small number of shares (because I'm small time) because I believe in mcxNOW and love the site. Emailed with a request for 5 shares. TIA!  

[bbxx]

Great idea with shares!

I like it, it is cool like just-dice.com investment program.

Max 100 shares per person would be great.

What are you going to do with shareholders btc ?
Is it for marketing/promotion fund?

[Luckybit]

So how much in fees is your exchange seeing per day?
I would like to get an idea of how much each share would pay out if I had them today.

Exchange made about $10000 USD in fees in July. I think this is small fry compared to what is coming though with the new features and currencies. I didn't make an exchange to become exceedingly wealthy. This is why the new unannounced feature and the underpriced fee shares are about helping others get more money and perhaps even a reliable income so they can get themselves out of the poisonous 9-5 work system. The more "Free" people there are I think the more value can be added to the world, they can concentrate on producing things of value rather than plastic pumpkins for survival.

I'll probably do another round of fee shares next year after the exchange has proven itself for a longer period of time and see if the big features I'm adding have made it the best exchange for pure cryptocurrency. At that point you'll have more data to decide whether it's worth it to you or not. All the shares have already been "sold" but if you want to do an order under 10 shares I can accommodate you.

+1

I think we should support the business model you are proposing because it's wise. It will produce more profits for you because if people make more money they'll use exchanges more, but it also gets them out of the poisonous 9-5 system which is really outdated.

If your business model does work then lets see if more exchanges try it.

[Kruncha]

I've sent an e-mail a couple of hours ago, is there an ETA on a reply?

thanks.

K.

[TheRealSolid]

I've processed 54 orders at the moment and still have about 50 more to do. It is about to hit the hay time here but if any of you want small orders I will probably make it happen. There's about ~1300 shares left and about 6 people wanting large >1000 shares that I can cut into.

[Kruncha]

I've processed 54 orders at the moment and still have about 50 more to do. It is about to hit the hay time here but if any of you want small orders I will probably make it happen. There's about ~1300 shares left and about 6 people wanting large >1000 shares that I can cut into.

ok, great. I'm only after 10 (i'm poor, lol).

User: eddard

thanks

K.

[mr_random]

I'm trying to do some maths here to see if this is a good investment or not. So july the exchange made $10000 (which we can assume is the best month of the exchange by far for fees due to primecoin - correct me if I am wrong RS).

1 share equals 0.001% of the monthly fees. ie 10 cents.

1 share costs $10. So $10 gives a 10 cents monthly dividend. That is $1.20 per year. So you are looking at making 12% annual return on investment. Assuming the exchange continues to pull in $10,000 per month trading fees and the price of the fee share remains constant.

Given the risks of a crypto stock I think that makes the current price fair. Neither a bargain nor a rip off. A lot of it rides on Primecoin continuing to be the exchange cashcow though.

[frga13]

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) .

The example given shows a return of 10% on the total BTC invested. Where did anyone say the return was 0.001%?
 

1 share = 0.001%
200 share = 0.200%

0.2 % from 1000 BTC = 2 BTC
etc.

[Charles999]

Great!  My shares have been paid for!

[hendo420]

I just recently bought ad space on your exchange. I love the concept.

Does ad revenue count toward fees on the site?

If I buy a share do I get a cut of ad revenue?

I just sent an email. Looking to purchase 5 shares.

[renodaret]

buying shares! i didnt get to get one even though i emailed way before he posted he had to many. paying .15 btc. would like 5 but will take fewer or more.

[hl5460]

Looking for 100 shares

[TheRealSolid]

I've created 104 orders for the 5000 shares, so average shares per person is under 50, which is pretty good in my opinion. I had to do all these manually so it took some time.

If any of the orders aren't fulfilled within ~30 hours then I will process the remaining to the 15 or so people wanting orders. I'm going to post each bitcoin address used for depositing once all 5000 have been confirmed. Thanks to everyone for their support and if you missed out I am sorry.

[jdebunt]

sent an email to purchase 2 shares if they're still available

[jammertr]

sent pm

[vipah]

Leading up to the release of these exciting new features, don't forget to buy ad space on mincoinads.com and have your product/service shown prominently on the sidebars of mcxnow.com .  Get in early before the prices skyrocket!


More information on mincoinads.com:

https://bitcointalk.org/index.php?topic=250417.0

[TheRealSolid]

At this stage the likelihood of anyone emailing me for shares and getting any is very low. There is a waiting list of over 30 people, and 3560 of the 5000 shares have already been paid for. If any of the remaining shares aren't funded soon then the curent waiting list can easily buy over 10000 shares themselves. So I'm sorry, there is no point emailing me anymore about this as they are all taken.

Please keep an eye out on mcxNOW on august 10 and you may be able to catch a couple of these shares. I'll also be announcing a new feature which I believe is a first for an exchange on the same day in the same big update to mcxNOW. Thanks to everyone for their support.

[frga13]

Allright, so we will receive our paid shares in mcxNOW account on 10th August?