OpenEx: Fee shares Thread[close]

[wtman]

I'm taking the remaining fees worth at-most 1 btc as per availability. Thanks

[r3wt]

I'm taking the remaining fees worth at-most 1 btc as per availability. Thanks

i extended it 50 shares, seeing as you are the third request of a large amount of shares.

if you can confirm this request(its quite a large request, thats over 800 USD), then i will generate your address/pgp message.

[Lauda]

How and where did you pick the staff from?
I'm curious.

-Apply via pm, with the job title you would like.

No application form?

[r3wt]

How and where did you pick the staff from?
I'm curious.

-Apply via pm, with the job title you would like.

No application form?

Many months talking in the backroom about building an exchange, as well as in IRC, plus i already knew justin. shakezula was a no brainer because he's one of the most trust worthy people around. everyone else was just a first come first serve basis. if you are interested, and have a resume, you can contact @ my pm or my email address/ or skype

[Hampuz]

Any shares left?

[r3wt]

Any shares left?

yep. lots of people popping up and saying they want them, then dissapearing without confirmation.

[murraypaul]

a)

There will only be 1000 shares ever, so 1/10th of shares are being sold right here right now. put up or shut up, you know we're legit. we came to flip the alt scene.

b)

Site share model breakdown
5000 shares total, non dilutable.
20%(1,000) publicly traded, non dilutable.
20%(1,000) site operational costs.
60%(3,000) staff.

So actually there are 5000 shares, not the 1000 you first said.

c)

Fully Functional: Yes**

**-_{Moderator class/functions do not exist yet. withdrawals are a work in progress.}

You have an exchange with no way of withdrawing money, but consider it fully functional?

[r3wt]

a)

There will only be 1000 shares ever, so 1/10th of shares are being sold right here right now. put up or shut up, you know we're legit. we came to flip the alt scene.

b)

Site share model breakdown
5000 shares total, non dilutable.
20%(1,000) publicly traded, non dilutable.
20%(1,000) site operational costs.
60%(3,000) staff.

So actually there are 5000 shares, not the 1000 you first said.

no, it is a 1000 public share model. the 5000 shares is a creative way of showing how payments breakdown in the system. its a 1000 share model, and shares are worth 20% of fees. this is all fairly standard practice, but most exchanges don't explain it this much.

Fully Functional: Yes**

**-_{Moderator class/functions do not exist yet. withdrawals are a work in progress.}

I actually created the Moderator class and pages/functions last night.

You have an exchange with no way of withdrawing money, but consider it fully functional?

the withdrawals are manual, and there is no notification system setup yet to notify an admin of a pending withdrawal. but yes, the site fully functions, especially the trading engine which is the most important part. we will be live in less than 2 weeks.

If you have any legitimate questions about the shares, i'll be listening. should you desire to visit the development thread, or view the actual site you may do so at the links provided in the OP. have a great day.

[r3wt]

I'm taking the remaining fees worth at-most 1 btc as per availability. Thanks

i extended it 50 shares, seeing as you are the third request of a large amount of shares.

if you can confirm this request(its quite a large request, thats over 800 USD), then i will generate your address/pgp message.

--PGP--
SIG:

Code:

IMnTd3nnOy/q8lqRacA607aqWtchIqbvTy05Wti2Qb/3bqtFUJbnE4Ef1atg9kusoZqZOk0CHyJvRNrReHzqDPE=

ADDRESS:

Code:

1CJ7BB8GLizqwSFWyRrR4fH4hboayxDBQd

MESSAGE:

Code:

OpenEx Fee Shares(https://openex.pw)

Seller: OpenEx(r3wt)

Buyer: wtman

amount: 40 shares

price: .025/Share

total: 1 BTC

--END--

[slavo]

it is coming... i'm not at home; but i'll be here soon !

[r3wt]

it is coming... i'm not at home; but i'll be here soon !

quick, you better SSH into your box 

[wtman]

I have sent 1 btc to you 

[r3wt]

I have sent 1 btc to you 

CONFIRMED!

Code:

Status: 2/unconfirmed
Date: 11/25/2013 11:16
From: unknown
To: 1CJ7BB8GLizqwSFWyRrR4fH4hboayxDBQd (own address, label: wtman)
Credit: 1.00 BTC
Net amount: +1.00 BTC
Transaction ID: 0cc0186c51e25a7db066855c4d368c5cc55cf5984b2215dddd1045da9ea4e4af

Thanks For your support wtman! spread the word, there's a new altcoin sheriff in town!

[wtman]

Thanks

So you have 10 staff members and each one receives equal compensation.

6% each?

So your incentive for this site is only 6%?

Something doesnt seem right here. Did I miss something?

[slavo]

i'm back but i forgot to cashout my coins, they are on the way. Keep my shares reserved plz ! ! !

[r3wt]

Thanks

So you have 10 staff members and each one receives equal compensation.

6% each?

So your incentive for this site is only 6%?

Something doesnt seem right here. Did I miss something?

no i get 10 percent, and justin gets 10% as well since we are the ones who built this from a usercake library and example sql file. rest of staff splits 40% i think that is more than fair. if you are having second thoughts, you can cancel at anytime i suppose.

[r3wt]

i'm back but i forgot to cashout my coins, they are on the way. Keep my shares reserved plz ! ! !

will do slavo. i extended the offer 50 shares so there are still 31 left.

[wtman]

Thanks

So you have 10 staff members and each one receives equal compensation.

6% each?

So your incentive for this site is only 6%?

Something doesnt seem right here. Did I miss something?

no i get 10 percent, and justin gets 10% as well since we are the ones who built this from a usercake library and example sql file. rest of staff splits 40% i think that is more than fair. if you are having second thoughts, you can cancel at anytime i suppose.

No second thoughts mate I'm just asking because 10% for you is a too small pie when you are doing the execution

[iampingu]

I'd like 5 shares please.

[Lboss]

Want all of the rest shares available.