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

[melosine]

someone seems to be buying in 50 SHAREcoin batches at a price of 307 then 308, then 309, then 310. Is that for the multipool payout?

[PilotofBTC]

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

What's a ks?

20k satoshi, i like to use the abbreviation

Ah. So if you are right, 20ks is 7280ks per year, which is .073 BTC or $ 32.23 per year. At the current exchange rate of 303 Sat = 1 SHARE that's about $30 for a fee share. So, 100% return on investment per year.

That is over priced?

my calculation was based on current volume(about 20 btc), if volume skyrocket to 1k it will become very profitable, but for now not so much

How is a 100% return per year not profitable? Also, if that is current volume, like 5 days in, I would expect volume to increase. It would also be good to market this exchange to coins that are looking for an exchange and getting some exclusivity. We still don't know if the FeeShare's get your revenue from the Gamin site. If they do, then return will be even higher.

[kcanup]

Bought 1 fee share, lets see when i will be rich

[Amph]

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

What's a ks?

20k satoshi, i like to use the abbreviation

Ah. So if you are right, 20ks is 7280ks per year, which is .073 BTC or $ 32.23 per year. At the current exchange rate of 303 Sat = 1 SHARE that's about $30 for a fee share. So, 100% return on investment per year.

That is over priced?

my calculation was based on current volume(about 20 btc), if volume skyrocket to 1k it will become very profitable, but for now not so much

How is a 100% return per year not profitable? Also, if that is current volume, like 5 days in, I would expect volume to increase. It would also be good to market this exchange to coins that are looking for an exchange and getting some exclusivity. We still don't know if the FeeShare's get your revenue from the Gamin site. If they do, then return will be even higher.

i mean you must buy plenty of feeshare if you want a high profit, but it risky because 1 years is too long, the exchange can die or other shit can happens, i don't like long investment...

[xibeijan]

how to enable POS mining?

[elcoco]

how to enable POS mining?

leave your wallet open.

[twospirit]

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

What's a ks?

20k satoshi, i like to use the abbreviation

Ah. So if you are right, 20ks is 7280ks per year, which is .073 BTC or $ 32.23 per year. At the current exchange rate of 303 Sat = 1 SHARE that's about $30 for a fee share. So, 100% return on investment per year.

That is over priced?

my calculation was based on current volume(about 20 btc), if volume skyrocket to 1k it will become very profitable, but for now not so much

20BTC * 0,001 trading fee *0,00001 feeshare = 20 satoshi

[103deltafox]

how to enable POS mining?

Just leave wallet open and don't move coins...done and done...they will start staking...

[djm34]

If I send my SHARE to the exchange now I will start staking at 60% rate or it didn't start yet?

Not yet, staking will start when the initial FeeShare sale closed and will stop when no ShareCoin is left in the exchange's wallet.
And FeeShare sale will open again to generate ShareCoin for the exchange's wallet, and then when the sale closed, it will start paying interest to ShareCoin's owner, and stop when no ShareCoin left, and the FeeShare sale will open again to generate ShareCoin for the exchange's wallet, and then when the sale closed, it will start paying interest to ShareCoin's owner and will stop when no ShareCoin left and will open again,etc..... this keep on going until 50,000 FeeShare  are distributed to the community.

50000 Feeshare get distributed to the community ?
How many Sharecoins is there ? What is the interest rate ?

Read it here: https://sharexcoin.com/fee_shares/about

so at the moment there are 10x more FeeShares than ShareCoins and only ShareCoins can buy FeeShares.
So technically ShareCoins are more rare than FeeShares.
Sorry but your FeeShare are way overpriced

seem you are wrong here ^^, feeshare is rarer than sharecoin

If there are more FeeShares than money to buy it, then something is just wrong...

[JeffK]

I'm thinking about spending half of the ShareCoins and buy Feecoins and keeping the other half as Shares. What are you going to do?

[JeffK]

If I send my SHARE to the exchange now I will start staking at 60% rate or it didn't start yet?

Not yet, staking will start when the initial FeeShare sale closed and will stop when no ShareCoin is left in the exchange's wallet.
And FeeShare sale will open again to generate ShareCoin for the exchange's wallet, and then when the sale closed, it will start paying interest to ShareCoin's owner, and stop when no ShareCoin left, and the FeeShare sale will open again to generate ShareCoin for the exchange's wallet, and then when the sale closed, it will start paying interest to ShareCoin's owner and will stop when no ShareCoin left and will open again,etc..... this keep on going until 50,000 FeeShare  are distributed to the community.

50000 Feeshare get distributed to the community ?
How many Sharecoins is there ? What is the interest rate ?

Read it here: https://sharexcoin.com/fee_shares/about

so at the moment there are 10x more FeeShares than ShareCoins and only ShareCoins can buy FeeShares.
So technically ShareCoins are more rare than FeeShares.
Sorry but your FeeShare are way overpriced

seem you are wrong here ^^, feeshare is rarer than sharecoin

If there are more FeeShares than money to buy it, then something is just wrong...

There are only 100K FeeShares while there are 100 million ShareCoin

[xibeijan]

how to enable POS mining?

leave your wallet open.

How do I know it's working?

[djm34]

If I send my SHARE to the exchange now I will start staking at 60% rate or it didn't start yet?

Not yet, staking will start when the initial FeeShare sale closed and will stop when no ShareCoin is left in the exchange's wallet.
And FeeShare sale will open again to generate ShareCoin for the exchange's wallet, and then when the sale closed, it will start paying interest to ShareCoin's owner, and stop when no ShareCoin left, and the FeeShare sale will open again to generate ShareCoin for the exchange's wallet, and then when the sale closed, it will start paying interest to ShareCoin's owner and will stop when no ShareCoin left and will open again,etc..... this keep on going until 50,000 FeeShare  are distributed to the community.

50000 Feeshare get distributed to the community ?
How many Sharecoins is there ? What is the interest rate ?

Read it here: https://sharexcoin.com/fee_shares/about

so at the moment there are 10x more FeeShares than ShareCoins and only ShareCoins can buy FeeShares.
So technically ShareCoins are more rare than FeeShares.
Sorry but your FeeShare are way overpriced

seem you are wrong here ^^, feeshare is rarer than sharecoin

If there are more FeeShares than money to buy it, then something is just wrong...

There are only 100K FeeShares while there are 100 million ShareCoin

50k FeeShare is worth 500M ShareCoin, while there is only 100M
and obviously 100k FeeShares = 1 billion ShareCoin while there is still only 100M

[Sanglotslongs]

Amazing coins, devs, and community. Over 200 poages on this thread... Maybe the next blackcoin ?
Let's vote on mintpal!

[naphariel]

how to enable POS mining?

leave your wallet open.

How do I know it's working?

Good question.

[djm34]

If I send my SHARE to the exchange now I will start staking at 60% rate or it didn't start yet?

Not yet, staking will start when the initial FeeShare sale closed and will stop when no ShareCoin is left in the exchange's wallet.
And FeeShare sale will open again to generate ShareCoin for the exchange's wallet, and then when the sale closed, it will start paying interest to ShareCoin's owner, and stop when no ShareCoin left, and the FeeShare sale will open again to generate ShareCoin for the exchange's wallet, and then when the sale closed, it will start paying interest to ShareCoin's owner and will stop when no ShareCoin left and will open again,etc..... this keep on going until 50,000 FeeShare  are distributed to the community.

50000 Feeshare get distributed to the community ?
How many Sharecoins is there ? What is the interest rate ?

Read it here: https://sharexcoin.com/fee_shares/about

so at the moment there are 10x more FeeShares than ShareCoins and only ShareCoins can buy FeeShares.
So technically ShareCoins are more rare than FeeShares.
Sorry but your FeeShare are way overpriced

seem you are wrong here ^^, feeshare is rarer than sharecoin

If there are more FeeShares than money to buy it, then something is just wrong...

that is what we called value ^^, (sometimes things are of no use to us but to others it's a treasure to them)

sentimental value may be  
So the Feeshare has a sentimental value of 10k ShareCoins to dev then he should keep them.  

[djm34]

This is how its working...
You should read this before asking the most stupid thing, which is lowering the price of freeshares

http://oi61.tinypic.com/2s9wzdk.jpg

can you put some "real" numbers over the diagram before telling their argument is stupid

[djm34]

If I send my SHARE to the exchange now I will start staking at 60% rate or it didn't start yet?

Not yet, staking will start when the initial FeeShare sale closed and will stop when no ShareCoin is left in the exchange's wallet.
And FeeShare sale will open again to generate ShareCoin for the exchange's wallet, and then when the sale closed, it will start paying interest to ShareCoin's owner, and stop when no ShareCoin left, and the FeeShare sale will open again to generate ShareCoin for the exchange's wallet, and then when the sale closed, it will start paying interest to ShareCoin's owner and will stop when no ShareCoin left and will open again,etc..... this keep on going until 50,000 FeeShare  are distributed to the community.

50000 Feeshare get distributed to the community ?
How many Sharecoins is there ? What is the interest rate ?

Read it here: https://sharexcoin.com/fee_shares/about

so at the moment there are 10x more FeeShares than ShareCoins and only ShareCoins can buy FeeShares.
So technically ShareCoins are more rare than FeeShares.
Sorry but your FeeShare are way overpriced

seem you are wrong here ^^, feeshare is rarer than sharecoin

If there are more FeeShares than money to buy it, then something is just wrong...

that is what we called value ^^, (sometimes things are of no use to us but to others it's a treasure to them)

sentimental value may be  
So the Feeshare has a sentimental value of 10k ShareCoins to dev then he should keep them.  

use the sense you have ^^, i bet it's not common ^^, our currency here cant buy the whole supply of gold so which is rarer? gold or my currency?

Actually it should (at least for the dollar... but I am not up to date) since the total amount in circulation should represent the amount of gold owned by the federal bank.

[mugwampbro]

see you 10000satoshi

MAN...that fucking thing is spooky. I hope I never have one camp under my bad..... "me eat all share coin,,then me eat you!"

[JeffK]

You ppl are missing the most important thing here.
You know that if the coin will be profitable, the multipool can generate up to 50 BTC / day.
That is 25 BTC / day pure revenue for the 50% freeshares.

So, the exchange is doing a good thing for the community right here...
Its a win-win situation.

Miners are attracted by the very best price for which the coins are bought and distributed to them, since the coins are coming from freeshare buyers.
Sharecoin owners will think twice before dumping a coin.

And the dev is keeping only 50% of revenue for him.

1 x freeshare will bring you 0,003% from 25 BTC / day... that is 0.0075 BTC. That is 3$/day for as long as the exchange lives from a 50$ investment.

And I did not even included the revenue from trading fees

Generating 25 BTC / day is not that easy-. We have generated 9 BTC in the 7 days "IPO"...