OpenEx: Fee shares Thread[close]

[r3wt]

All of this really doesn't inspire confidence in the idea of trusting you people with my money!

well i'm sorry, but if you are expecting a company that will lie and put on a facade for you, you can go invest in BFL. If you want a company that's Open and Honest, we can talk.

r3wt

[r3wt]

The share model was confusing some people, including the staff so i will attempt to explain it in further detail

Site revenue as calculated at the end of each weekly period.


20% Fee Shares- 20% of weekly revenue is split evenly amongst each fee share. total shares ever will be 1000.

20% site-20% of weekly revenue is tucked away for site operational costs.

20% administrators- 20% of weekly revenue is split evenly between justin and i(50-50)

40% staff - 40% of weekly revenue is split evenly amongst staff members.



If you are confused at all, or could assist me in explaining this further, let me know.

[r3wt]

penetration testing position has been filled.

still seeking an additional moderator/support staff. ability to speak both chinese and english is desired.

[jpmi1]

penetration testing position has been filled.

still seeking an additional moderator/support staff. ability to speak both chinese and english is desired.

Is the code necessary to trading coins finished?

[r3wt]

penetration testing position has been filled.

still seeking an additional moderator/support staff. ability to speak both chinese and english is desired.

Is the code necessary to trading coins finished?

yes. the entire site is more or less complete. the trading has been done for some time. the server company is having trouble stocking the processors we need, but they delivered us a smaller, temporary server to test the site on until our server is ready. we should have the site moved over tomorrow and begin our final stretch of testing/tweaking. justin is almost finished with the api, we're extremely close, and its been frustrating. our server was supposed to be here last week, and its still not ready.

[exige]

The code in github looked to me to be a pretty simple implementation.  Have you done any scalability or other testing on it?  If you manage to get some decent volume out of the gate - which is quite possible given the demand and the state of other exchanges right now - do you have a plan to scale it and keep the wheels on the bus without going underwater for awhile like what the cryptsy folks are dealing with?  Are you going to have an API for bots?  What kind of load might that represent?  Trade execution times?  Queues? Transactions?  Rollback?  What if the site crashes?  How will you reconcile the trade activity, what if not all of your queries succeed, are you going to wait for support tickets and do it manually, but then what if you have 4000 support tickets and you don't have enough data to reconstruct the market state and replay transactions?, error handling, etc. etc. etc.

[r3wt]

The code in github looked to me to be a pretty simple implementation.  Have you done any scalability or other testing on it?  If you manage to get some decent volume out of the gate - which is quite possible given the demand and the state of other exchanges right now - do you have a plan to scale it and keep the wheels on the bus without going underwater for awhile like what the cryptsy folks are dealing with?  Are you going to have an API for bots?  What kind of load might that represent?  Trade execution times?  Queues? Transactions?  Rollback?  What if the site crashes?  How will you reconcile the trade activity, what if not all of your queries succeed, are you going to wait for support tickets and do it manually, but then what if you have 4000 support tickets and you don't have enough data to reconstruct the market state and replay transactions?, error handling, etc. etc. etc.

the trading system has been completely reworked, from the wallets up, with rollback and a history table we're working on order stacking and combining at the moment. were pretty confident we've solved the issues of the first implementation. these changes are not necessarily reflected in the repo. i mentioned in the post prior to yours that justin was working on the api.

[verloren]

Might want to change the title r3wt.

[Lauda]

ETA for the exchange?

[jpmi1]

Update please.

[r3wt]

Update please.

server 1 has arrived.

http://dev2.openex.pw

justin is tweaking our api and rpc on here.

pen testing is still ongoing on the old server, with the feeling we would merge both branches eventually.

http://dev.openex.pw

CPU's for our main webserver is supposed to arrive this week, and setup is supposed to take no more than 72 hours when they arrive. on the 13th, i got a letter from the company saying it would be no more than 10 days.

other than that there aren't really any updates of note, unless you want to hear about my personal life(i had the flu last week so i've been in the bed for the most part.) we're due for some good news. One glaring problem is the fact that we don't use ajax to update the trade page, which could be annoying for traders. we should probably make it use ajax or something, trying to investigate a solution that would be efficient but not wasteful. we only need it to refresh when there are new orders, which is probably a bit beyond our expertise but i'm sure we will figure something out. we have a week! :-) if all goes as planned, it wouldn't be much of a stretch to expect launch by early next week.

the development thread is here. https://bitcointalk.org/index.php?topic=320975.60

[r3wt]

the cpu's have arrived for our main server. it should be setup in 72 hours. then i will install the webserver and application and begin building and syncing the wallets. at the same time, justin will start the tradeserver and clear all the testing info from the database. we hope to launch by monday. woot! there may be some problems with the system at first, so we've setup the database to store every transaction and trade history in case of serious flaws, so that we will be able to roll back the db and restore balances in that situation should it arise.

thank's to the fee share holders who supported us and have helped make this dream a reality! i'm pretty excited about the future of this exchange.

[muddafudda]

Did someone say mcxnow??  Rofl

[SpeedDemon13]

OpenEx Fee Shares Thread
Development Progress
91%

Fully Functional: Yes

Development Thread
https://bitcointalk.org/index.php?topic=320975.0

development site
http://dev.openex.pw

Main Site
https://openex.pw

Mobile Site
https://openex.mobi

Forums/Git Repository
https://openex.info

Staff
-seeking 1 moderator and a security/penetration tester

Administrators
-r3wt
-justin7674

Moderators/Support
-fivemil420
-number6
-Koontas
-KrchWins
-<open slot>

Forum Administrator
-Koontas

Penetration/Vuln Testers
-<open slot>

About the Shares

Site revenue breakdown
20%(1,000) publicly traded, non dilutable shares.
20% site operational costs.
20% administrators.
40% staff.

Fee Share status: Closed

Total Sold to date: 276 Shares.

Estimated BTC raised 6.9 BTC

Current Share Owners

21 cassie heart  Transaction ID: 18bd66104a7053ffff4b269239a96bf0f82dbe3333e456f848dc4852f712738f
2 shakezula Transaction ID: 7e6016ddbcf8618cafb8e30f14e93a1f478b3e92df85a7aa9c60b36ce1432341
5 aldrin Transaction ID: 0a092cdce16178588593ca77ed6fc163559f5a45364e98ce067a506526c64083
2 verloren TXid: c9ae8cbcc081d07250f91df22b7d0aed6cba5983a35651ed8164844722a22b03
2 number6 Transaction ID: c7ae9802053a334811f0351a2cc699832568acc02c539920e731b1ebd04609ac
20 slavo https://blockchain.info/tx/e73c759154172422d2d5fbf0eaf15d1898a01d786c87a75acf551881cb414460
2 newflesh https://blockchain.info/address/1AtgocBpBKCsTV4zejmAmKty3CCtU69VJj
2 koontas(lajz99) https://blockchain.info/tx/9d1a0d2ec7b5e6125f02f9e6c9028329da8098325acadc9f8635194a53bc7d7e
3 Krichwins Transaction ID: 1b661de2852657055892e5f330b2d7dc5865b9d4d65e3c60c455c1f648cec457
20 jpmi1 https://blockchain.info/address/17t67dLuCibReLXPQ2BG428gs6nHcok2wT
40 wtman Transaction ID: 0cc0186c51e25a7db066855c4d368c5cc55cf5984b2215dddd1045da9ea4e4af
16 Lboss Transaction ID: b8e190c27f2f0fee3695ef41fee6c597867873f554a8e7f78d24ec28926810fa
21 slavo [/b] Trx ID: https://blockchain.info/tx/deead4a499fe143a1c8bba18f8bc8e42321c23a742f9d4dbb89043dcfe5a31c8
80 wtman [/b] Tx ID: https://blockchain.info/tx/e14b06c4c2563f9263c7f0b5c40a15703180c6afb4248dd87c93e7ff3d2007ec
40 Transaction ID: d9a9e6d7b83f57d0bff63632a190d04f1e89989226fc49ee4b39a1455e60343e
----------------------------------------------------------------------------------------------------------
0 shares remaining.

Why does the openex.pw site comes up as a untrusted site in the web browsers? Are you using non-traditional certificates? When will the site be up and running?

[r3wt]

Ok, openex is going live soon. https://openex.pw

Now i am tasked with creating automated fee share payout for current fee holders. this will be only temporary until we are listed on cryptostocks, then you will be paid out from there.

I need all fee share owners to list a payout address for their account. Payouts will start 1 week from launch date.

if you have any questions feel free to contact me via pm or this thread.

thanks for everything,
                            r3wt

[Krichwins]

Hello everyone,

Everyone is working so hard. I have had the pleasure of watching these folks work on openex for the past few months and i am highly impressed with the work ethic i am seeing coming out of this group. If anyone is interested in selling their shares or wants to sell a few of what they already have to me i would greatly appreciate it!!!!! U can hit me up pm style in here.

[sanchos211]

Why are not money?

[cassieheart]

Selling my OpenEx shares 21 Available. 0.075 a share. Pm me for more details.

[darthburnstuff]

I'm still owed 479 RAD (Radiation coins) and r3wt is not responding to my support tickets. 

[r3wt]

I'm still owed 479 RAD (Radiation coins) and r3wt is not responding to my support tickets. 

i'm sorry, i'm currently the only one working as everyone has bailed but me. i am working to get the coin clients all back up. i will answer your support tickets as soon as possible. to stay in the loop with what is going on, please bookmark our twitter page. i update it fairly frequently. you are not being ignored, i'm just really busy trying to dig out of this mess and i am all alone in this endeavor.

https://twitter.com/_OpenEx_