Hilux74
Legendary
 Offline
Activity: 912
Merit: 1000
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February 12, 2014, 05:46:19 PM |
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What is the end date to purchase (ie not 'when exchange opens')? It seems to me by the way this is open ended on the number of shares it makes the most sense to wait until the last minute to purchase shares as you will have a better estimate of the end total.
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illodin
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February 12, 2014, 06:01:16 PM |
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1) What is the currency the exchange operates on, i.e. with what currency and how are the shareholders paid?
2) How likely it is that the exchange will face legal troubles, and if it will, are the shareholders likely to be sued as well?
3) If the monthly payments just stop coming, what can the shareholder do but cry on the forums?
microCoin FTW btw!
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MCR (OP)
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February 12, 2014, 06:39:02 PM |
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1) What is the currency the exchange operates on, i.e. with what currency and how are the shareholders paid?
2) How likely it is that the exchange will face legal troubles, and if it will, are the shareholders likely to be sued as well?
3) If the monthly payments just stop coming, what can the shareholder do but cry on the forums?
microCoin FTW btw!
1) Major currencies will be BTC, LTC and MRC. Shareholders are paid in BTC. 2) Not very likely. We will be registering the company in a country that is loose on regulation before adding fiat markets. We very well understand how dangerous many banks or ecurrency payment solutions can be and will try to find solutions that are both legal and beneficial. The company administration will of course take full responsibility for its decisions. 3) The same they could do if btc-e decides to run away with your money. You always need to place trust in an exchange to use it, it's unavoidable. We will however after registering offer the possibility to claim your fee share into an official stock of the company. This will give you a lot more legal rights as you officially then own part of the company. We will try to get our company registered as soon as possible, but we need to wait for the share sale to end to know how many stocks we will create. |
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MCR (OP)
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February 12, 2014, 06:40:28 PM |
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What is the end date to purchase (ie not 'when exchange opens')? It seems to me by the way this is open ended on the number of shares it makes the most sense to wait until the last minute to purchase shares as you will have a better estimate of the end total.
We would like to have as much time as possible to make sure everything works correctly so you can count on that it will probably be the very last days of February or even the first day of March. |
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MCR (OP)
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February 12, 2014, 06:42:28 PM |
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We are taking suggestions if there are any coins you would like to see on alcurEX.
Hi! I personally would like to see ZEUS coin(ZEU) hit an exchange. ( https://bitcointalk.org/index.php?topic=308741.0) A nice coin with a very smooth client. Never got the attention it should have. I believe many will be glad to see it hit your exchange. (which will be the first one) Thanks. P.S. By the way I have bought some of alcurEX shares to support you. Stas We are always glad to consider non-premined coins. What about PMC? its 100% premined but its unique. Not that I know much about PMC, but as far as I've seen the dev hasn't been sharing them very generously when compared to the total amount, so he probably is still holding a majority of them. Correct me if I'm wrong. |
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Mr.V
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February 12, 2014, 07:05:59 PM |
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100% premined coins are everything Microcoin is not, which is fair so I wouldn't even add 100% premined coins onto any exchange let alone one that I have ownership in
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BTC:1NwEE7C2hVLSNGwSrFvsYgTrKddCvfhRwY
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MCR (OP)
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February 12, 2014, 07:46:19 PM
Last edit: February 24, 2014, 06:31:58 AM by MCR |
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SlidingHorn
Full Member
Offline
Activity: 196
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
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February 12, 2014, 11:23:54 PM |
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What about PMC? its 100% premined but its unique.
Not that I know much about PMC, but as far as I've seen the dev hasn't been sharing them very generously when compared to the total amount, so he probably is still holding a majority of them. Correct me if I'm wrong. I will. From the OP: Total coins: 498999.99996251 (all in circulation)
All coins were freely given out upon request with 100% distribution. |
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MCR (OP)
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February 12, 2014, 11:42:46 PM |
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What about PMC? its 100% premined but its unique.
Not that I know much about PMC, but as far as I've seen the dev hasn't been sharing them very generously when compared to the total amount, so he probably is still holding a majority of them. Correct me if I'm wrong. I will. From the OP: Total coins: 498999.99996251 (all in circulation)
All coins were freely given out upon request with 100% distribution. Thank you for correcting me. We will look into PMC and consider adding it. |
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WutriCoin
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February 12, 2014, 11:47:02 PM
Last edit: February 12, 2014, 11:58:52 PM by WutriCoin |
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2nd gen. crypto would be Alcurex's best option, in my opinion of course  One question - why is this whole text ( http://alcurex.info/software-requirements-specification-srs/) copied from around the web (wikipedia, bitcoin foundation, etc.)? There wasn't a need to write your own or is it because a few people asked for more information before investing in alcurex? |
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MCR (OP)
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February 13, 2014, 12:41:26 AM |
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2nd gen. crypto would be Alcurex's best option, in my opinion of course One question - why is this whole text ( http://alcurex.info/software-requirements-specification-srs/) copied from around the web (wikipedia, bitcoin foundation, etc.)? There wasn't a need to write your own or is it because a few people asked for more information before investing in alcurex? It's merely a generic sheet for bitcoin exchanges. Since some people want to know what our exchange will practically include, you can see it from there. It's there for people who want to know as much as possible. |
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WutriCoin
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February 13, 2014, 12:45:21 AM |
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It's merely a generic sheet for bitcoin exchanges. Since some people want to know what our exchange will practically include, you can see it from there. It's there for people who want to know as much as possible.
Thank you for explaination. |
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halibit
Legendary
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Activity: 1596
Merit: 1006
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February 13, 2014, 05:21:39 AM |
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First of all we will need to make vote what coins we want on our server.
Or we can make public vote too. It maybe good coice if we want to know what all want to trade
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halibit
Legendary
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Activity: 1596
Merit: 1006
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February 13, 2014, 05:35:41 AM |
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Or there is no reason for left any coin out, if coins are in categories. Like: new coins, potential coins, scam coins  |
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stas
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February 13, 2014, 09:12:26 AM |
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100% premined coins are everything Microcoin is not, which is fair so I wouldn't even add 100% premined coins onto any exchange let alone one that I have ownership in
+1 |
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MCR (OP)
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February 13, 2014, 04:01:18 PM |
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Ultimately the shareholders can decide if they want a coin added. Also, as a small status update, we have decided to establish the company and its bank account in Belize.
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Bansheroom
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February 13, 2014, 04:45:05 PM |
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Incomplete list of coins i wish me for our exchange and why: Benjamins (young SHA-Coin, fair start, no premine, not many exchanges yet, no big exchange, nice and friendly dev) https://bitcointalk.org/index.php?topic=444543.0Bitcoin (obvioulsly  ) Continuumcoin (young SHA-Coin, i dont know much about the start, but this coin is "restarting" diff every few days, regardless of the nethash so you can still get in, very fair system, also good for little miners) https://cryptocointalk.com/topic/3795-continuumcoin-ctm-information/Darkcoin (anonymous transfers coming, own hashing algo, interesting block reward system) https://bitcointalk.org/index.php?topic=421615.0Huntercoin (first massive multiplayer cryptogame, simply amazing) https://bitcointalk.org/index.php?topic=435170.0Lottocoin (great name and design, many services for such a young coin) https://bitcointalk.org/index.php?topic=404913.0Microcoin (obvioulsly ) Mintcoin (very young, fair start, interesting pos concept) https://bitcointalk.org/index.php?topic=450381.0QubitCoin (own algo, unique so far, fair start, no premine) https://bitcointalk.org/index.php?topic=411065.0USDE (great community, steady development, premine could be a problem, but much has been given away) https://bitcointalk.org/index.php?topic=410254.0 |
Always get cryptonews, free bitcoins, free altcoins and free mining opportunities: follow @Bansheroom on Twitter
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WutriCoin
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February 13, 2014, 11:56:50 PM |
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It would be a good idea to go public with the team behind this. At least to give some idea in who are we investing DigiByte dev is doing that soon and I think its a great thing for any kind of serious project |
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halibit
Legendary
Offline
Activity: 1596
Merit: 1006
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February 14, 2014, 12:15:51 AM |
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It would be a good idea to go public with the team behind this. At least to give some idea in who are we investing DigiByte dev is doing that soon and I think its a great thing for any kind of serious project Yes, they actually need to do that: as they wrote: "we have decided to establish the company and its bank account in Belize". Belize is good choice endeed. 0 tax, bitcoin, gambling, trading fiendly country. This is a big news, I mean we will get legal status shares for this company. |
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MCR (OP)
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February 14, 2014, 08:28:48 PM
Last edit: February 24, 2014, 06:32:16 AM by MCR |
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We are happy to announce that we will be registering alcurEX company and bank account in Belize. Belize is known for its loose regulations, bank privacy and very low taxes. We will have full legal rights to operating a cryptocurrency exchange and once we have a capital of over $75,000 we will have legal rights to add USD, EUR and other fiat currency markets on alcurEX. Stay tuned for more updates. Updates regarding the first expansion services coming soon.
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