[ANN][SHARE]ShareCoin - Pure POS - The only coin backed up by a real bussiness

[adjiadjo]

Once the feeshare sale is over, what is the total number of coins ever exist?

ShareCoin Re-Distribution

ShareCoin generated from FeeShares sale will be distributed back to the community in 2 ways:
MultiPool distribution: ShareCoin are distributed to the Multipool's miners at the current market price. As the ShareCoin are taken from the FeeShares sell, this won't affect the market price. Threrefore, miners are getting ShareCoin at the best rate available. Join our multipool at:
Exchange interest: Keeping ShareCoin inside the exchange will let you earn interest on ShareCoin itself. The interest rate is twice as much the ShareCoin's stake interest rate at that time.

Current Total is only 100 000 000 coins

In order to sell 50% of the FEE SHARES, we need
50,000 FEE SHARE * 20 000 = 1000 000 000 coins.

So the 100% of the FEESHARES 100 000 are effectively worth 2 Billion share coins.
But we only have 100 million coins to start with.

I am confused? 

The initial sale only offers 5,000 FEEs. that's 100,000,000 ShareCoin in total.
ShareCoins generated from FeeShare will be distributed back to the community through the exchange's interest and the multipool.

But when you do the payout to the shareholders, they will only get 0.001% of the profits,
even though there are only 5000 FeeShare (5% of the total) are there to start with, right?

or do you see the 5000 shares as  50% until you do the next distribution of fee shares?

I expect they are front loading their profits to pay for upfront dev costs and stuff. Remember, the devs got 0 coin in this, yet they (he) spent all his time, money and energy setting everything up. That said, I'm sure they will only be paying out 5% of the revenue at the beginning.

Thats fair I think for all the dev effort and upfront costs.
So in effect, the public will be getting 5% of the revenue and the remaining 95% (50% for the dev effort + 45% of the non-existent future shares  ) will be kept by the devs when we start.

maybe this make easier to understand.
its an exchange , has an owner. who's the owner? ziplibrary who build it.
poloniex own by busoni(& staff as) , profits 100% goes to busoni(& staff).
shareXcoin own 100% by ziplibrary as owner (before any FEE being sell) , profit 100% goes to ziplibirary as the only owner.
now 5% of sharex being sold to public , of course 95% goes to owner and 5% goes to us (public).
there is no 45% of the non-existent future shares , because basicly that 45% have not sold yet and still belong to the owner of the company (exchange)

CMIIW  

[uiiiii888]

I don't know whether zip is a good DEV ar not, but zip is a good marketing。

[CryptoSteam]

ok, but you can cash out all that coin for bitcoin right now
and you can cash out what like $120 (depending on whether you execute buy orders or put a sell order and wait)

so they're asking for about $40 of real money to give you ownership of 0.001% of the company that launched like today

.001% for 20K ShareCoins? eh I'll wait until it's proven. There will still be plenty of FeeShares left to nab up in the future if it becomes successful.

[scott0577]

Anybody else having a  problem with the wallet syncing up?? I have v1.6.0.0 stuck on block 2718 

[bytedisorder]

ok, but you can cash out all that coin for bitcoin right now
and you can cash out what like $120 (depending on whether you execute buy orders or put a sell order and wait)

so they're asking for about $40 of real money to give you ownership of 0.001% of the company that launched like today

.001% for 20K ShareCoins? eh I'll wait until it's proven. There will still be plenty of FeeShares left to nab up in the future if it becomes successful.

Yes, I would like to buy some Fee but its 'ridiculous' price keeps me away.

[Vitalogy]

Should I be worried? Negative values. 

[18602981897]

#ziplibrary
When will the minting inside the exchange start? Should I deposite ShareCoin to exchange now?

[adjiadjo]

expensive? that depends how you see FEE itself,
if you just see them as trading comodity , gambling to buy low sell high , yeah its expensive
but if you see FEE as investment , i'm personaly thinks its not expensive.

imagine sharexcoin like poloniex/mintpal but open for public as their investor, 50% profit to company/owner (dev) 50% profit to public (stockholders / FEEholder) , imagine sharexcoin in the future like other exchange who have 551.725 BTC or more 24-hour Volume.

I don't know I count right.

1 fee = 20k Sharecoins

100mil total amount Sharecoin = 5000 fees?

Total fees : 100 K  

The investors, assuming all the sharecoins being used to buy fee, will have only 5% stake of the exchange?

from what i see is , 100k FEE = full ownership of sharex.
owner (ziplibrary as only owner) sell half (50K FEE) of his ownership of his company for 100mil SHARE.
not 5K = 100mil

correct me if i'm wrong dev 

[.cryptic.]

1 fee share = 20k share coin ..

1 sharecoin = 500 satoshi

this equates to 5m$ usd for the sharexcoin exchange website.  Is this expensive or reasonable?

It is very expensive in my opinion.

If only 1000 of the 5000 fee shares are sold,as they are a bit expensive, then the 1000 will get 0.001% and what happens to the  profit for the remaining 4000 unsold shares?
It goes to the owner in this case. So the longer the shares are unsold, the devs will be getting the profits from the unsold shares + 95% of the profit.
For the initial distribution to finish, all the stakeholders have to buy fee shares, which is very unlikely in the near future, and as long as the initial distribution is ongoing, owners enjoy 95%+ profits.

So it becomes just another exchange which sells 5% of its shares for I share = 0.1BTC which is a bit high for a brand new exchange.

In fact cryptsy did a similar IPO @ 0.05BTC in last October.
[url]https://cryptostocks.com/securities/57[url]

[evi_stale]

Can you just let me know if I'm still elegible or not for a stake? If not that just let me know than I don't have to keep on waiting and checking every time. After 3 days the system still hasn't updated my time ans still have more than 2000 days left, so I still have no idea how long I need to wait.

[Vicodin]

I can't navigate from the homepage to anywhere else on my Android. So I cant make a deposit. Can someone post the direct link address to the deposit page. PLEASE.

Thanks guys.

Dev. Please get the site working on Android. Tried in different browsers too. Need to be able to trade when im not at home

[mugwampbro]

YOU ALL DO REALIZE THAT THE "FEESHARES" IS ONE OF THE SMARTEST MARKETING STRATEGY'S EVER DON'T YOU ?

Once the public gets wind of this...hold on for the ride... UP!, that is. THE PUMP BEGINS! Start upping the sell price..now! The buyers will think we are crazy 'til they discover why!(feeshares) WOO-HOO !!

[bytedisorder]

1 fee share = 20k share coin ..

1 sharecoin = 500 satoshi

this equates to 5m$ usd for the sharexcoin exchange website.  Is this expensive or reasonable?

It is very expensive in my opinion.

If only 1000 of the 5000 fee shares are sold,as they are a bit expensive, then the 1000 will get 0.001% and what happens to the  profit for the remaining 4000 unsold shares?
It goes to the owner in this case. So the longer the shares are unsold, the devs will be getting the profits from the unsold shares + 95% of the profit.
For the initial distribution to finish, all the stakeholders have to buy fee shares, which is very unlikely in the near future, and as long as the initial distribution is ongoing, owners enjoy 95%+ profits.

So it becomes just another exchange which sells 5% of its shares for I share = 0.1BTC which is a bit high for a brand new exchange.

In fact cryptsy did a similar IPO @ 0.05BTC in last October.
[url]https://cryptostocks.com/securities/57[url]

I have the same point. And I will keep my share instead of buying Fee.  
Let's assume that the trade volume is 100BTC ( which may be not bad for a new exchange).  Let's assume the trade fee is 0.2%.
So everyday's earns are about 0.2BTC.  

If I used my 60k Share to buy ShareFee, I can get 3 ShareFees.
So I can get 0.2*3*0.001%=0.000006BTC.    
Can I ignore this incoming?

[jamieb81]

I can't navigate from the homepage to anywhere else on my Android. So I cant make a deposit. Can someone post the direct link address to the deposit page. PLEASE.

Thanks guys.

Dev. Please get the site working on Android. Tried in different browsers too. Need to be able to trade when im not at home

https://sharexcoin.com/balances

[CryptoSteam]

Can you just let me know if I'm still elegible or not for a stake? If not that just let me know than I don't have to keep on waiting and checking every time. After 3 days the system still hasn't updated my time ans still have more than 2000 days left, so I still have no idea how long I need to wait.

If you tried to contact the dev by PM and in this thread for a few days, and he never responds back to you, then I would think you weren't qualified in the dev's terms. I read somewhere early in the thread that if you changed your signature, then you disqualified yourself.

[hotflame]

what price will sharecoin go to

[ziplibrary]

I can't navigate from the homepage to anywhere else on my Android. So I cant make a deposit. Can someone post the direct link address to the deposit page. PLEASE.

Thanks guys.

Dev. Please get the site working on Android. Tried in different browsers too. Need to be able to trade when im not at home

https://sharexcoin.com/balances

[iopq]

1 fee share = 20k share coin ..

1 sharecoin = 500 satoshi

this equates to 5m$ usd for the sharexcoin exchange website.  Is this expensive or reasonable?

It is very expensive in my opinion.

If only 1000 of the 5000 fee shares are sold,as they are a bit expensive, then the 1000 will get 0.001% and what happens to the  profit for the remaining 4000 unsold shares?
It goes to the owner in this case. So the longer the shares are unsold, the devs will be getting the profits from the unsold shares + 95% of the profit.
For the initial distribution to finish, all the stakeholders have to buy fee shares, which is very unlikely in the near future, and as long as the initial distribution is ongoing, owners enjoy 95%+ profits.

So it becomes just another exchange which sells 5% of its shares for I share = 0.1BTC which is a bit high for a brand new exchange.

In fact cryptsy did a similar IPO @ 0.05BTC in last October.
[url]https://cryptostocks.com/securities/57[url]

I have the same point. And I will keep my share instead of buying Fee.  
Let's assume that the trade volume is 100BTC ( which may be not bad for a new exchange).  Let's assume the trade fee is 0.2%.
So everyday's earns are about 0.2BTC.  

If I used my 60k Share to buy ShareFee, I can get 3 ShareFees.
So I can get 0.2*3*0.001%=0.000006BTC.    
Can I ignore this incoming?

the fee is 1%
but the volume won't be 100BTC for a long time

[jiosefjd]

Anybody else having a  problem with the wallet syncing up?? I have v1.6.0.0 stuck on block 2718 

Yes, same here. I got to block 6026, but no further. I also have v1.6. Help?

[jacking]

expensive? that depends how you see FEE itself,
if you just see them as trading comodity , gambling to buy low sell high , yeah its expensive
but if you see FEE as investment , i'm personaly thinks its not expensive.

imagine sharexcoin like poloniex/mintpal but open for public as their investor, 50% profit to company/owner (dev) 50% profit to public (stockholders / FEEholder) , imagine sharexcoin in the future like other exchange who have 551.725 BTC or more 24-hour Volume.

I don't know I count right.

1 fee = 20k Sharecoins

100mil total amount Sharecoin = 5000 fees?

Total fees : 100 K  

The investors, assuming all the sharecoins being used to buy fee, will have only 5% stake of the exchange?

from what i see is , 100k FEE = full ownership of sharex.
owner (ziplibrary as only owner) sell half (50K FEE) of his ownership of his company for 100mil SHARE.
not 5K = 100mil

correct me if i'm wrong dev 

Only 5K =100mil

That is so..diao.