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

[left-ca]

As it stands, 0.001% of the exchange's income is worth $50.

$50 how often? If you invest $50 and it returns $50 a year, that's a very very very good investment.

+1

[Amph]

As it stands, 0.001% of the exchange's income is worth $50.

$50 how often? If you invest $50 and it returns $50 a year, that's a very very very good investment.

that's damn high, too good to be true

[neilh]

Guys. The plan is to share 50% revenue from the exchange to the conmmunity, free of charge. The detailed plan about it is already written here: https://sharexcoin.com/fee_shares/about Try to read it first before making any argument. I am not changing the price so don't ask me to. This thing was carefully planned long time ago it's not just a random decission. It's just that the price of ShareCoin shot up too high, which we didn't expected.
One more thing we didn't expect is that the exchange already got the daily trading volume of: 20 BTC in just 2 days. Even though the exchange is just in beta mode.

Can not answer all you questions in this thread right now. I'll go through all of your questions and answer later. If you have a serious issue regarding the exchange. just open a ticket here: https://sharexcoin.zendesk.com/

That's what I thought... price is too damn high.

I don't see that, if you look at COMM coin it's currently trading
on mintpal for 65 sat with a money supply of 800 million.

ShareCoin only 100M, which is also tied to it's own exchange!

[PilotofBTC]

excessively expensive FreeShares price spooked market.

Yes, also the structure of the fees/interest. It is very clearly a grab for excess profit by the dev. at too early a stage.

Up until now, the dev. seemed to have a clear plan and good business sense. I think the feeshare details were something of a misjudgment.

I'm not sure why you say this. ALL the SHARE spent on FeeShares is going back to SharexCoin members in the form on interest on their SHARE deposits.

[xibeijan]

Guys. The plan is to share 50% revenue from the exchange to the conmmunity, free of charge. The detailed plan about it is already written here: https://sharexcoin.com/fee_shares/about Try to read it first before making any argument. I am not changing the price so don't ask me to. This thing was carefully planned long time ago it's not just a random decission. It's just that the price of ShareCoin shot up too high, which we didn't expected.
One more thing we didn't expect is that the exchange already got the daily trading volume of: 20 BTC in just 2 days. Even though the exchange is just in beta mode.

Can not answer all you questions in this thread right now. I'll go through all of your questions and answer later. If you have a serious issue regarding the exchange. just open a ticket here: https://sharexcoin.zendesk.com/

That's what I thought... price is too damn high.

I don't see that, if you look at COMM coin it's currently trading
on mintpal for 65 sat with a money supply of 800 million.

ShareCoin only 100M, which is also tied to it's own exchange!

COMM is worth about 8x less than SHARE and has 8x more coins.  about the same price as an establish coin...

This tells me that SHARE is overpriced at such an early stage, in agreement with the developer who also noticed that "the price of ShareCoin shot up too high".

[AcidReniX]

Guys. The plan is to share 50% revenue from the exchange to the conmmunity, free of charge. The detailed plan about it is already written here: https://sharexcoin.com/fee_shares/about Try to read it first before making any argument. I am not changing the price so don't ask me to. This thing was carefully planned long time ago it's not just a random decission. It's just that the price of ShareCoin shot up too high, which we didn't expected.
One more thing we didn't expect is that the exchange already got the daily trading volume of: 20 BTC in just 2 days. Even though the exchange is just in beta mode.

Can not answer all you questions in this thread right now. I'll go through all of your questions and answer later. If you have a serious issue regarding the exchange. just open a ticket here: https://sharexcoin.zendesk.com/

Well that answers that! The maths do not add up to make FeeShares a viable investment for anyone who didn't get coins for free in the initial distribution, and even those who did, they get the choice of dumping their coins to make 0.2 BTC, or they can get 3 FeeShares and wait for the exchange to start pulling in 2000 BTC profit just to break even. I don't know how long it will take SharexCoin to make $882,100 profit, but I imagine it's going to be quite a while.

[lionheart78]

Guys. The plan is to share 50% revenue from the exchange to the conmmunity, free of charge. The detailed plan about it is already written here: https://sharexcoin.com/fee_shares/about Try to read it first before making any argument. I am not changing the price so don't ask me to. This thing was carefully planned long time ago it's not just a random decission. It's just that the price of ShareCoin shot up too high, which we didn't expected.
One more thing we didn't expect is that the exchange already got the daily trading volume of: 20 BTC in just 2 days. Even though the exchange is just in beta mode.

Can not answer all you questions in this thread right now. I'll go through all of your questions and answer later. If you have a serious issue regarding the exchange. just open a ticket here: https://sharexcoin.zendesk.com/

im lost here..., how could be that 50% of the revenue free of charge?, first ok people got the coin free but one argument there is with all the free coins how much share would it cover? at 20k per 1 share of 50,000 share total (total coins is 100m) unless a certain thing is true

ShareCoin - Share

ShareCoin is a pure PoS coin which generates coins through PoS blocks. Except the first block where it generates the initial 100 million coins, no PoW mining will get any coins. The 1 billion coins will be distributed equally to 1000 individuals with 100,000 coin each, completely free.

Equal distribution to the WHOLE share. Each person gets 100,000 coins. Dev team gets total 1 million coin! It is the share coin! While the dev team will maintain and enhance the code and fix any issues, it is the community which will promote and market the coin.

ShareCoin also adopts a variable PoS rate with the following annual interest rate: Year-1: 30% Year-2: 20% Year-3: 10% Year-4: 5% Year-5: 2% Starting from Year-6: 1% annual interest for maintnance.

60 sec block time
diff retarget each block
3 transaction confirmations
50 minted block confirmations
PoS block generation after 1 day of holding
Zero Premine.

Ports: connection: 22701 RPC: 22702

#ziplibrary
May I know the total is 100 million or 1 billion?

that above computation is calculated under 1 billion coins or else it should be 5,000 feeshare and a total of 10k together with the owner's share

note: else if zip will correct his post and say 5% of the revenue instead of that 50%

[xibeijan]

Guys. The plan is to share 50% revenue from the exchange to the conmmunity, free of charge. The detailed plan about it is already written here: https://sharexcoin.com/fee_shares/about Try to read it first before making any argument. I am not changing the price so don't ask me to. This thing was carefully planned long time ago it's not just a random decission. It's just that the price of ShareCoin shot up too high, which we didn't expected.
One more thing we didn't expect is that the exchange already got the daily trading volume of: 20 BTC in just 2 days. Even though the exchange is just in beta mode.

Can not answer all you questions in this thread right now. I'll go through all of your questions and answer later. If you have a serious issue regarding the exchange. just open a ticket here: https://sharexcoin.zendesk.com/

Well that answers that! The maths do not add up to make FeeShares a viable investment for anyone who didn't get coins for free in the initial distribution, and even those who did, they get the choice of dumping their coins to make 0.2 BTC, or they can get 3 FeeShares and wait for the exchange to start pulling in 2000 BTC profit just to break even. I don't know how long it will take SharexCoin to make $882,100 profit, but I imagine it's going to be quite a while.

Glad im not the only one who sees this.

[ziplibrary]

No, FeeShare sale will close 3 days after all ShareCoin are distributed, given everyone a chance to get their hand on FeeShare.

Whats the plan for the unsold shares?
Also in an unlikely event, if not enough share are sold, how will you generate the 2XPOS for exchange coins and pay out the multipool?

I wrote all about it here: https://sharexcoin.com/fee_shares/about

Hi Zip, the exchange site looks very good to me, there is one thing i worry:
the exchange fee is 1%, is it too high?
Because I see a lot of exchange, such as btc-e, mintpal, cryptsy all have fee of around 0.1-0.2%.

It's .1%. Just try it. I put in a test buy which was .035 BTC, the Fee was listed as .000035 which is .1% of the buy price.

yeah, that  just a typo I think, unless they are planning on changing it.

Yes it was a typo, I fixed it.

[MickeNorsk]

No, FeeShare sale will close 3 days after all ShareCoin are distributed, given everyone a chance to get their hand on FeeShare.

Whats the plan for the unsold shares?
Also in an unlikely event, if not enough share are sold, how will you generate the 2XPOS for exchange coins and pay out the multipool?

I wrote all about it here: https://sharexcoin.com/fee_shares/about

Hi Zip, the exchange site looks very good to me, there is one thing i worry:
the exchange fee is 1%, is it too high?
Because I see a lot of exchange, such as btc-e, mintpal, cryptsy all have fee of around 0.1-0.2%.

It's .1%. Just try it. I put in a test buy which was .035 BTC, the Fee was listed as .000035 which is .1% of the buy price.

yeah, that  just a typo I think, unless they are planning on changing it.

Yes it was a typo, I fixed it.

I have some questions, please answer as it's the only things I'm concerned about.
The info says this:

"FeeShares can only be purchased by ShareCoin. ShareCoins generated from selling FeeShares will be disitrbuted back to the public, free of charge.

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."

Does that mean the btc generated by the multipool will count as profit to ShareXCoin, since you actually don't use it to buy?

If that's correct, then please answer this:
Will a feeshare generate from the profit that the multipool mines?

If that's correct, then I see feeshare as a viable investment.

[scott0577]

Could somebody send me 1 sharecoin to test my wallet please address in my sig.Thank you

[PilotofBTC]

Let's see. We need 1 BILLION SHARE to buy the 50K FEECOINS available to the public. There are 100 MILLION SHARES, with the POS rate the coin has, we will never reach it. Basically, they are keeping much mor revenue than what they state too.

Money gets recycled. Did you ever go to a casino and get one of those slots bonus cards? When you first get it you look at it and say, wow, I'll never get even the lowest reward. I'm not gonna gamble $500 in slots on my vacation. But, the truth is that most vegas slots pay you back about 80-90% so you keep pulling. So, that $20 you put in racks up maybe $100 on the reward plan.

The Share will work the same. The SHARE used to buy FeeShares is given back to ShareXCoin members in the form on interest. The Dev isn't keeping ANY of that. Also, the multipool earnings are used to buy sharecoin on the exchange and distributed to the multi-pool members.

So, that money will recycle back and forth, and it is possible to buy more than 5000 fee shares with 100,000,000 SHARE.

Will it take a while? Yes. Is it possible? Yes.

[PilotofBTC]

Here's a summary of the issues:

1) We need tradeable FeeShares.

2) We need a lower price on FeeShares or ShareCoins need to devalue before FeeShares become viable (something no one here wants).

3) We need to address how the ShareCoins used for purchasing FeeShares are going back into the system (in detail).

1. The dev has stated multiple times after the FeeShare IPO closes there will be a FEE/BTC market.

2. Not gonna happen.

3. It is all spelled out on the info page. The SHARE coin used to buy FeeShares is given back to ShareXCoin members holding SHARE there in the form on interest.

[djm34]

Let's see. We need 1 BILLION SHARE to buy the 50K FEECOINS available to the public. There are 100 MILLION SHARES, with the POS rate the coin has, we will never reach it. Basically, they are keeping much mor revenue than what they state too.

Money gets recycled. Did you ever go to a casino and get one of those slots bonus cards? When you first get it you look at it and say, wow, I'll never get even the lowest reward. I'm not gonna gamble $500 in slots on my vacation. But, the truth is that most vegas slots pay you back about 80-90% so you keep pulling. So, that $20 you put in racks up maybe $100 on the reward plan.

The Share will work the same. The SHARE used to buy FeeShares is given back to ShareXCoin members in the form on interest. The Dev isn't keeping ANY of that. Also, the multipool earnings are used to buy sharecoin on the exchange and distributed to the multi-pool members.

So, that money will recycle back and forth, and it is possible to buy more than 5000 fee shares with 100,000,000 SHARE.

Will it take a while? Yes. Is it possible? Yes.

I must be braindead to not see that...  
One thing is sure though: I didn't stay long enough in Las Vegas, I could have been rich by now

[PilotofBTC]

if none of share holders buy feeshare, what will happen?

The exchange will maintain 100% of the revenue. That said, 131 FeeShares have already been sold.

[PilotofBTC]

if none of share holders buy feeshare, what will happen?

Um... Dev gets all of the profit then, instead of paying a percentage out to holders.

Yep. And Sharecoin will have value based upon other factors, like the forthcoming gambling Website and the buying pressure from the multipool.

there will be zero buying pressure from the multipool. the sharecoin made from selling the fee shares will be used for multipool earnings at current market value, it will be off the books

Nope. Not according to the FeeShare Info page. Did you guys read it?

[Michelle Ferrybtc]

Many many sharecoins are at very low price to selling out

[xibeijan]

Let's see. We need 1 BILLION SHARE to buy the 50K FEECOINS available to the public. There are 100 MILLION SHARES, with the POS rate the coin has, we will never reach it. Basically, they are keeping much mor revenue than what they state too.

Money gets recycled. Did you ever go to a casino and get one of those slots bonus cards? When you first get it you look at it and say, wow, I'll never get even the lowest reward. I'm not gonna gamble $500 in slots on my vacation. But, the truth is that most vegas slots pay you back about 80-90% so you keep pulling. So, that $20 you put in racks up maybe $100 on the reward plan.

The Share will work the same. The SHARE used to buy FeeShares is given back to ShareXCoin members in the form on interest. The Dev isn't keeping ANY of that. Also, the multipool earnings are used to buy sharecoin on the exchange and distributed to the multi-pool members.

So, that money will recycle back and forth, and it is possible to buy more than 5000 fee shares with 100,000,000 SHARE.

Will it take a while? Yes. Is it possible? Yes.

I must be braindead to not see that...  
One thing is sure though: I didn't stay long enough in Las Vegas, I could have been rich by now

Not very good odds. FreeShares are not profitable. SHARE is overpriced. time to watch from sidelines

[Amph]

if i'm not mistaken one feeshare should give you 20ks a day if the volume is based on 24 hours

[djm34]

Many many sharecoins are at very low price to selling out

It isn't low price... dev said his coin was overpriced