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Author Topic: CoinConnect - The Bitcoin Social Network - Official Thread  (Read 2195 times)
cablepair
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September 29, 2011, 12:43:37 PM
 #1

IPO & BUSINESS PLAN

CoinConnect
P.O. BOX 246
Hannibal NY 13074
3155140269
tom@coinconnect.org
www.coinconnect.org


GLBSE Ticker Symbol : CC
GLBSE Asset Link: https://glbse.com/asset/c824a76cf23033143ac462d382b45a5f078d8ce4e5148a49169808c73695dde2



Table of Contents

  • Executive Summary   
    Business Description and Vision   
    Definition of the Market   
    Description of the Products and Services   
    Organization and Management   
    Marketing and Sales Strategy   
    Financial Management
    Conclusion   
   





Executive Summary

CoinConnect is here because of Bitcoin and for Bitcoin. Social networking is quickly becoming one of the most widely used forms of communication and we want to bring that level of success to Bitcoin and the great businesses and organizations that use it and promote it.

It's time for Bitcoin to evolve to the next level and CoinConnect is here to help facilitate that growth.


CoinConnect is the bridge between Bitcoin and the rest of the world.





Business Description and Vision

CoinConnect was created to not only showcase the Bitcoin community to the outside world but also to provide a familiar social utility for consumers to connect with Bitcoin businesses and each other.

Social networking medium gives consumers, Bitcoin businesses and enthusiasts the chance to interact, participate and contribute. CoinConnect allows them to do all of this and more - in the Bitcoin world and provides a bridge connecting the Bitcoin community with the rest of the world.

The first goal of CoinConnect is to be adopted by the Bitcoin community at a positive level. This is already happening - everyday new Bitcoin businesses and enthusiasts are registering accounts and setting up their profiles. To encourage this first goal we are hosting the inaugural year of the first ever Bitcoin Mining Rig Builders Competition. This is an event which we hope we will be able to continue each and every year as long as mining is continuing. We have four Bitcoin corporate sponsors outside of CoinConnct who are sponsoring the prizes of the competition. GuildMiners.com, SpendBitcoins.com, BitcoinBux.com & SheDoesLove.com all are enthusiastic Bitcoin businesses who see the potential of CoinConnect and have partnered up with us on this venture.

The second goal of CoinConnect is to be operating at such a level where we can become profitable by selling advertising. We truly believe that Bitcoin is still in it's infancy and we want to help take Bitcoin to the next level. Common social networking sites like Facebook(c) and Twitter(c) are boasting record profits and we feel that CoinConnect only needs to get a small piece of that pie in order to make big profits for our shareholders, and provide Bitcoin in general with that exposure it needs to get to that next level.





Definition of the Market

For Bitcoin to grow we need to change the perception that the Bitcointalk.org forums are the heart and soul of Bitcoin. This perception holds Bitcoin back and the Bitcoin community needs to grow beyond this forum. The decentralized currency needs a decentralized community, and CoinConnect is a step (one of many that are necessary) in that right direction. CoinConnect is currently getting 100-200 hits per day and we are certain we can multiple that 10x or more. Our target customer is the Bitcoin business startup who needs exposure. Our target users are people all around the globe who want to find out more about and connect with Bitcoin, Bitcoin businesses and organizations.




Description of the Products and Services

CoinConnect will provide a platform for Bitcoin business owners and enthusiasts to showcase their business, group, blog or just themselves. CoinConnect will showcase this Bitcoin community to the rest of the world and provide a familiar social networking medium for them to connect with it. CoinConnect once adopted publicly and on a large scale will begin to sell advertising space at competitive rates to Bitcoin businesses. The inaugural Bitcoin Mining Rig Builders Competition is a perfect example of the possibilities that CoinConnect holds.




Organization and Management

CoinConnect IPO was offered on the GBLSE on 09/25/2011 with 5000 (out of 10,000) Shares available at (0.02) Per Share (at time of publication there are 2899 shares still available for sale)

CoinConnect was founded and is operated by:
C.E.O. Tom Van Riper
P.O. Box 246, Hannibal NY 13074
(315) 514-0269

CoinConnect.org is hosted by Godaddy.com





Marketing and Sales Strategy

As stated before our revenue market is the Bitcoin business or organization that wants positive exposure to potential customers.
  • Products
     We will offer many levels of advertising to the potential business customer. We have teamed up with graphic design firm BTCGFX.com and can offer banner / logo design and basic to premium placement on our site. We are also looking into other income sources.
  • Payment processing
     We will only accept BTC as payment. Payments will be processed through Bit-Pay.com (application approved)
  • Pricing
     We have not hammered out all the details yet on pricing but will make this information available soon. Prices will start out very reasonable. Basic advertisement packages will start out at 1 BTC.
  • Promotional avenues
     We plan to promote CoinConnect on many different platforms including GoogleAdwords(c), Facebook(c), Twitter(c) and Operation Fabulous just to name a few.
** New Product Announcement
 We are very excited to announce the development of this product area, which I feel will be very profitable for CoinConnect:
https://bitcointalk.org/index.php?topic=45905.0



Financial Management


Start up costs: We are initially looking for 100 BTC in start up costs (IPO : 5000 shares x 0.02) These funds are going to be used to promote and expand CoinConnect.
  • Promote
    We want to immediately invest into some of the promotional avenues we discussed above - our Google Adwords campaign should start this week.
  • Expand
    We have many exciting new features that we want to incorporate into the site including Facebook style games - with a Bitcoin twist. We have been in talks with a programmer (Bitcoinlabs) to get this part of the site developed.
  • Profitibility
    CoinConnect is projected to become profitable in the first quarter of the next calendar year with dividends being paid at that time.





Conclusion

We truly believe that Bitcoin will one day be at the center of digital currency and we are very excited to be a part of it. Our most fundamental motivation is to help Bitcoin and all the great Bitcoin businesses to be successful. Thank you for your time and interest in CoinConnect.

[THIS IS GOING TO BE A LOCKED THREAD - DUE TO VANDALISM OF OTHER THREAD]

If you have a question or comment please PM me or email me at Tom@CoinConnect.org

I will be using this thread to post information and updates to Shareholders and interested Parties. Thank you.

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September 29, 2011, 12:45:19 PM
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October 02, 2011, 07:44:30 PM
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UPDATE ***

CoinConnect is undergoing a complete software upgrade today that is going to really improve the style and functionality of the site. We are also implementing some really exciting new features this week including connecting CoinConnect with Facebook. Basically you will be able to log into CoinConnect with your Facebook account and all your basic information will instantly be migrated over.

Please email tom@coinconnect.org if you are experiencing any bugs after the upgrade.
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October 02, 2011, 09:01:58 PM
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I am happy to announce that you can now create an account and log in into CoinConnect with your Facebook username/password!
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October 03, 2011, 12:34:53 PM
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My next Google Analytic  report will be on 10/05 and I think we will see a big jump due to the site upgrades.
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October 23, 2011, 12:36:20 AM
 #6

I just want to give a little update as to what's been going on here at CoinConnect. We had someone who tried to hack our database and because of that the hosting provider shut us down. We are back online now and things are more secure than ever.. luckily our main database was never compromised and I thank the hosting for acting quickly enough to stop it. We have a lot of great things in the works so stay tuned and enjoy CoinConnect the Bitcoin social network.

www.CoinConnect.org
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