[ANN] CryptoAve.Com | Secure DGC/USD/BTC/SRC/ARG/LTC/PPC Crypto Exchange

[baritus]

Who holds the fiat?  Is there a fee for merchants?  Are there any user fees?

The exchange holds the fiat. The merchant/user fees as well as other financial details will be posted when finalized.

The servers will be located in Panama and as posted in the earlier thread, all payment processing is through third party processors.

Fincen->Egmont group->http://www.egmontgroup.org/about/list-of-members/by-region/americas

Panama: Checked!

Good luck with that...

http://www.ccihosting.com

The payment processing location and server location are not the same thing.

-Merchants can accept any currency through the built in payment processor

Does this mean that a merchant can accept DGC or other crypto's as payment and get paid in USD, as Bitpay does for bitcoin? That would be awesome.
Other than that, very good looking website. Best of luck with that.

This can be easily enabled when there is enough volume.

[klee]

Who holds the fiat?  Is there a fee for merchants?  Are there any user fees?

The exchange holds the fiat. The merchant/user fees as well as other financial details will be posted when finalized.

The servers will be located in Panama and as posted in the earlier thread, all payment processing is through third party processors.

Fincen->Egmont group->http://www.egmontgroup.org/about/list-of-members/by-region/americas

Panama: Checked!6

Good luck with that...

http://www.ccihosting.com

The payment processing location and server location are not the same thing.

-Merchants can accept any currency through the built in payment processor

Does this mean that a merchant can accept DGC or other crypto's as payment and get paid in USD, as Bitpay does for bitcoin? That would be awesome.
Other than that, very good looking website. Best of luck with that.

This can be easily enabled when there is enough volume.

Explain to me please how the third party processors are immune to regulagion if your servers are in Panama, I am not sure you are bulletproof (see MtGox)...
They can always freeze and confiscate your accounts and force 3rd party processors to stop the deals with you.
Sorry for being pushy but I have been burned many times (btc24, btcCentral, mtgox...)

[baritus]

The servers being in Panama is for anonymity (check their laws). The important thing is they are not US hosted. MtGox and others used US based payment processors, such as Dwolla; had servers based in the US; or were directly involved in bank/wire transfers. All of which this exchange won't do.

This is only an example, but say https://perfectmoney.com and http://payza.com are two of the processors. They take care of the deposit through wire transfer, western union, or any other method available. You'd use that to fund your CryptoAve USD balance. So a middle man always performs the actual financial transactions through the banking system.

[klee]

The servers being in Panama is for anonymity (check their laws). The important thing is they are not US hosted. MtGox and others used US based payment processors, such as Dwolla; had servers based in the US; or were directly involved in bank/wire transfers. All of which this exchange won't do.

This is only an example, but say https://perfectmoney.com and http://payza.com are two of the processors. They take care of the deposit through wire transfer, western union, or any other method available. You'd use that to fund your CryptoAve USD balance.

I will keep an eye on this thanks!

[r32godzilla]

The servers being in Panama is for anonymity (check their laws). The important thing is they are not US hosted. MtGox and others used US based payment processors, such as Dwolla; had servers based in the US; or were directly involved in bank/wire transfers. All of which this exchange won't do.

This is only an example, but say https://perfectmoney.com and http://payza.com are two of the processors. They take care of the deposit through wire transfer, western union, or any other method available. You'd use that to fund your CryptoAve USD balance. So a middle man always performs the actual financial transactions through the banking system.

Located in Panama sounds good to me.

"Overall opening a corporation in Panama is a good idea because of the flexibility and privacy it offers. People in Panama are happy to keep your information secret and even stay out of your information."

http://www.offshorelegal.org/offshore-corporations/panama-offshore-corporations-incorporation/staying-anonymous-in-panama.html

Oh yeah and to top it off a damn good rock tune written about it too  

https://www.youtube.com/watch?v=w-NshzYK9y0

[Snail2]

I like this. Can't wait to see it going live. Good luck .

[Aggrophobia]

1 Share = 10 DGC

100k Shares available

Are there any dividends planned?

[mxmz.in]

1 Share = 10 DGC

100k Shares available

Are there any dividends planned?

where I can buy shares? And yes, what's the dividends plan?

[baritus]

The first shares were given to donators as a bonus. I will be having an auction today for 10,000 shares.

Dividends will definitely be declared and distributed. The percentage will likely be somewhere between 10-15% of net income until the exchange builds up reserves. After that point, dividends will be 100% of net income.

[flyingcat]

apparent a bullshit, the dev promo his own coins

[DannyDisco]

apparent a bullshit, the dev promo his own coins

What does this even mean? haha. Why wouldn't a dev promo their own coin?

[freigeist]

The servers being in Panama is for anonymity (check their laws). The important thing is they are not US hosted. MtGox and others used US based payment processors, such as Dwolla; had servers based in the US; or were directly involved in bank/wire transfers. All of which this exchange won't do.

This is only an example, but say https://perfectmoney.com and http://payza.com are two of the processors. They take care of the deposit through wire transfer, western union, or any other method available. You'd use that to fund your CryptoAve USD balance. So a middle man always performs the actual financial transactions through the banking system.

Located in Panama sounds good to me.

"Overall opening a corporation in Panama is a good idea because of the flexibility and privacy it offers. People in Panama are happy to keep your information secret and even stay out of your information."

http://www.offshorelegal.org/offshore-corporations/panama-offshore-corporations-incorporation/staying-anonymous-in-panama.html

Oh yeah and to top it off a damn good rock tune written about it too  

https://www.youtube.com/watch?v=w-NshzYK9y0

I never understood what guarantees someone has that his assets will be secured by
opening a corporation (company) in Panama or similar country.

I mean if I would like to open a company there who do I have to trust?
Do I need to go there to do I it personally or how is this done?
Internet if full of companies that offers offshore company setups packages
so how can I know that this are not scams.

Maybe they can even open a company with a bank account there but when the money
starts accumulating on the account what is the guarantee that it won't suddenly disappear?

[baritus]

The servers being in Panama is for anonymity (check their laws). The important thing is they are not US hosted. MtGox and others used US based payment processors, such as Dwolla; had servers based in the US; or were directly involved in bank/wire transfers. All of which this exchange won't do.

This is only an example, but say https://perfectmoney.com and http://payza.com are two of the processors. They take care of the deposit through wire transfer, western union, or any other method available. You'd use that to fund your CryptoAve USD balance. So a middle man always performs the actual financial transactions through the banking system.

Located in Panama sounds good to me.

"Overall opening a corporation in Panama is a good idea because of the flexibility and privacy it offers. People in Panama are happy to keep your information secret and even stay out of your information."

http://www.offshorelegal.org/offshore-corporations/panama-offshore-corporations-incorporation/staying-anonymous-in-panama.html

Oh yeah and to top it off a damn good rock tune written about it too  

https://www.youtube.com/watch?v=w-NshzYK9y0

I never understood what guarantees someone has that his assets will be secured by
opening a corporation (company) in Panama or similar country.

I mean if I would like to open a company there who do I have to trust?
Do I need to go there to do I it personally or how is this done?
Internet if full of companies that offers offshore company setups packages
so how can I know that this are not scams.

Maybe they can even open a company with a bank account there but when the money
starts accumulating on the account what is the guarantee that it won't suddenly disappear?

Most if not all bitcoin "companies" registered or not can do the exact same, BTC-e for example. There are no guarantees in virtual currency.

[mxmz.in]

The servers being in Panama is for anonymity (check their laws). The important thing is they are not US hosted. MtGox and others used US based payment processors, such as Dwolla; had servers based in the US; or were directly involved in bank/wire transfers. All of which this exchange won't do.

This is only an example, but say https://perfectmoney.com and http://payza.com are two of the processors. They take care of the deposit through wire transfer, western union, or any other method available. You'd use that to fund your CryptoAve USD balance. So a middle man always performs the actual financial transactions through the banking system.

Located in Panama sounds good to me.

"Overall opening a corporation in Panama is a good idea because of the flexibility and privacy it offers. People in Panama are happy to keep your information secret and even stay out of your information."

http://www.offshorelegal.org/offshore-corporations/panama-offshore-corporations-incorporation/staying-anonymous-in-panama.html

Oh yeah and to top it off a damn good rock tune written about it too  

https://www.youtube.com/watch?v=w-NshzYK9y0

I never understood what guarantees someone has that his assets will be secured by
opening a corporation (company) in Panama or similar country.

I mean if I would like to open a company there who do I have to trust?
Do I need to go there to do I it personally or how is this done?
Internet if full of companies that offers offshore company setups packages
so how can I know that this are not scams.

Maybe they can even open a company with a bank account there but when the money
starts accumulating on the account what is the guarantee that it won't suddenly disappear?

Funny thing is - your pension pot can disappear just as easy, nothing is guaranteed in our world anymore

[baritus]

AUCTION
----------
This is the only auction of CryptoAve shares before launch. 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.

SPECS
----------
Shares available = 10,000 (10% of planned shares)
Minimum bid per share = 5 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. If the top bidder does not finalize the offer within 24 hours, the next bidder gets the opportunity. The next round starts when the previous round has a declared winner.

WHERE TO BID
-----------------
Digitalcoin Forum: http://digitalcoin.co/forums/index.php/topic,125.0.html

[techbytes]

Nice!  Happy bidding...

-tb-

[r3wt]

fuck that, too expensive per share! i guess its to late for me to renig on my contributions to the Dev Fund. I think all contributors/donators to the dev fund should get one share out of respect, but then again i'm drunk on  a saturday and i'm a bit biased

[freigeist]

The servers being in Panama is for anonymity (check their laws). The important thing is they are not US hosted. MtGox and others used US based payment processors, such as Dwolla; had servers based in the US; or were directly involved in bank/wire transfers. All of which this exchange won't do.

This is only an example, but say https://perfectmoney.com and http://payza.com are two of the processors. They take care of the deposit through wire transfer, western union, or any other method available. You'd use that to fund your CryptoAve USD balance. So a middle man always performs the actual financial transactions through the banking system.

Located in Panama sounds good to me.

"Overall opening a corporation in Panama is a good idea because of the flexibility and privacy it offers. People in Panama are happy to keep your information secret and even stay out of your information."

http://www.offshorelegal.org/offshore-corporations/panama-offshore-corporations-incorporation/staying-anonymous-in-panama.html

Oh yeah and to top it off a damn good rock tune written about it too  

https://www.youtube.com/watch?v=w-NshzYK9y0

I never understood what guarantees someone has that his assets will be secured by
opening a corporation (company) in Panama or similar country.

I mean if I would like to open a company there who do I have to trust?
Do I need to go there to do I it personally or how is this done?
Internet if full of companies that offers offshore company setups packages
so how can I know that this are not scams.

Maybe they can even open a company with a bank account there but when the money
starts accumulating on the account what is the guarantee that it won't suddenly disappear?

Funny thing is - your pension pot can disappear just as easy, nothing is guaranteed in our world anymore

Is not funny but is true
anyway if it does not disappear until I retire I think it will be so worthless that it will be like it disappeared.

[DannyDisco]

fuck that, too expensive per share! i guess its to late for me to renig on my contributions to the Dev Fund. I think all contributors/donators to the dev fund should get one share out of respect, but then again i'm drunk on  a saturday and i'm a bit biased

Didn't all donations for the fundraiser already get 0.1 share per DGC... so that's equivalent to 10000 DGC per 1000 shares already. What are you getting at? How is an auction too expensive? Only bid what you can afford?

[Oldminer]

Please add Redcoin