[ANN][EXCHANGE] ShareXcoin.com - Sharing its revenue to the community

[ziplibrary]

Hello dev.

I think you should look how to add "2nd gen" coins
to the exchange as there is or there will be big interest in
trading when the coins are released.

I know that adding this coins could be harder as they usually have a different
source code base because they are not just bitcoin or peercoin clones or forks
but i also think adding them could give better reward.

Some of those coins that I suggest for now are:

NXT
- pure POS coin.
- released last december
- source code in: java
- already traded on exchanges
- thread: https://bitcointalk.org/index.php?topic=587007.0;topicseen

QORA
- pure POS coin.
- released May 16 2014
- source code in: java + (native code libraries in c)
- non traded on any exchange yet because  is new
- thread: https://bitcointalk.org/index.php?topic=522102.0

EXO-coin
- will be pure POS coin after POW mining (pow will be used for distribution phase 6 months)
- not released yet (in open beta testing)
- source code in: c++
- non traded on any exchange yet cos is not released yet
- thread: https://bitcointalk.org/index.php?topic=430467.0

Thanks for you hard work.

Nice suggestion. I'll look into those coins

[1713288725]

1713288725

[1713288725]

1713288725

[1713288725]

1713288725

[ziplibrary]

You can now vote for new coins here: https://sharexcoin.com/votings
You can also submit new coins to the voting list by yourself. Fill in all the required informations, after going through an automated verification progress, the coin will be added to the voting list.
We add one new coin every 24 hours.

[salsacz]

NXT
- pure POS coin.
- released last december
- source code in: java
- already traded on exchanges
- thread: https://bitcointalk.org/index.php?topic=587007.0;topicseen

Nice suggestion. I'll look into those coins

for Nxt you can use instructions:
http://wiki.nxtcrypto.org/wiki/For_Programmers
http://wiki.nxtcrypto.org/wiki/Automate_Nxt_for_your_website

[Flunder707]

Please add California Coin.

We have a brand new wallet and new features that we've released.

The community demands it!   

[PilotofBTC]

Please add California Coin.

We have a brand new wallet and new features that we've released.

The community demands it!   

Go add it to the voting page. https://sharexcoin.com/votings

[lzr1900]

This exchange is very awesome!

[PilotofBTC]

I tried to add NXT to the vote list, but it won't seem to take it. Their source is on bitbucket not GitHub.

[PilotofBTC]

Zip...

I noticed which the orderbook and trade history seem to live update, the Volume/Last/High/Low don't seem to. Also, it would be nice to see the current Bid/Ask at the top along with Last.

thanks..

[jonesT]

Saturday, I bought feeshares and interest was 1000 each.

Now, I found this interest dropped to just 500. What happened?

[ziplibrary]

Zip...

I noticed which the orderbook and trade history seem to live update, the Volume/Last/High/Low don't seem to. Also, it would be nice to see the current Bid/Ask at the top along with Last.

thanks..

The bid/ask price is live updated in the buy/sell form already. They are Highest Buy Price and Lowest Sell Price next to your balance.
The left side bar will be updated with new feature along with the live updating. We are already working on it.

Saturday, I bought feeshares and interest was 1000 each.

Now, I found this interest dropped to just 500. What happened?

The correct amount is 500 for each FeeShare not 1,000. Because the interest rate is 2.5% per month. The 1,000 showed few days ago is just a display bug.

[jonesT]

Saturday, I bought feeshares and interest was 1000 each.

Now, I found this interest dropped to just 500. What happened?

The correct amount is 500 for each FeeShare not 1,000. Because the interest rate is 5% per month. The 1,000 showed few days ago is just a display bug.

1 feeshare=20.000 sharecoins

5% of 1 feeshare=1000 sharecoins,

not just 500...

[ziplibrary]

Saturday, I bought feeshares and interest was 1000 each.

Now, I found this interest dropped to just 500. What happened?

The correct amount is 500 for each FeeShare not 1,000. Because the interest rate is 5% per month. The 1,000 showed few days ago is just a display bug.

1 feeshare=20.000 sharecoins

5% of 1 feeshare=1000 sharecoins,

not just 500...

FeeShare interest is 30% per year, ShareCoin interest is 60% per year. Everything is written here: https://sharexcoin.com/interests/about
So interest for FeeShare is 2.5% per month not 5%. It was a typo, sorry.

[PilotofBTC]

Saturday, I bought feeshares and interest was 1000 each.

Now, I found this interest dropped to just 500. What happened?

The correct amount is 500 for each FeeShare not 1,000. Because the interest rate is 5% per month. The 1,000 showed few days ago is just a display bug.

1 feeshare=20.000 sharecoins

5% of 1 feeshare=1000 sharecoins,

not just 500...

30% per year is 2.5% per month.

20,000 * .3 = 6000 / 12 = 500

[iopq]

Am I right that it's actually way more profitable to keep sharecoins in the exchange to receive 60% interest on 20k sharecoins (12k after a year) than to buy a feeshare and receive only 30% interest (6k after a year) and BTC payments (only maybe 0.0002 BTC or so?)

I just did the math and 6k sharecoins is more than 0.0002 BTC (it's 0.01386 now for 6k sharecoins) that you'll receive in a year

this is a 60x difference, you'd need more like 1800 BTC daily volume to justify owning feeshares

[PilotofBTC]

Am I right that it's actually way more profitable to keep sharecoins in the exchange to receive 60% interest on 20k sharecoins (12k after a year) than to buy a feeshare and receive only 30% interest (6k after a year) and BTC payments (only maybe 0.0002 BTC or so?)

I just did the math and 6k sharecoins is more than 0.0002 BTC (it's 0.01386 now for 6k sharecoins) that you'll receive in a year

this is a 60x difference, you'd need more like 1800 BTC daily volume to justify owning feeshares

What revenue are you using the calculate that? The current revenue? With a new alt-coin being added to the exchange every day the volume will increase very quickly. ESpessially if we get some exclusives or some hot new coins on the exchange first.

[iopq]

Am I right that it's actually way more profitable to keep sharecoins in the exchange to receive 60% interest on 20k sharecoins (12k after a year) than to buy a feeshare and receive only 30% interest (6k after a year) and BTC payments (only maybe 0.0002 BTC or so?)

I just did the math and 6k sharecoins is more than 0.0002 BTC (it's 0.01386 now for 6k sharecoins) that you'll receive in a year

this is a 60x difference, you'd need more like 1800 BTC daily volume to justify owning feeshares

What revenue are you using the calculate that? The current revenue? With a new alt-coin being added to the exchange every day the volume will increase very quickly. ESpessially if we get some exclusives or some hot new coins on the exchange first.

I'm assuming average 30BTC daily volume (which is higher than today's volume) and that we're paid 0.2% on each transaction (0.1% from the buy side and 0.1% from the sell side)

I think at least this month holding 20K shares will pay MORE dividends than a single Feeshare.

Probably one year prediction was hasty, but I expect the 500 extra shares to be worth more than the BTC payout for the feeshare at least this month.

[D05GTO]

"This is the only exchange willing to share its revenue to the community free of charge."      

Actually, that is completely false and misleading.  It's just a copy of what Atomic-Trade has offered ATP (Atomic trade points) since it's inception.   All ATP holders get 45% of all site fee's and as the 5k user generated accumulates, it will go to 75%.   ATP can be traded but not bought.. users generate them by Chatting, Trading, Hourly Lotto and references.



 

[jonesT]

ShareXcoin volume is very low. So I had an idea:

1)Add a known coin, like mint
2)Users will lock mintcoins for 30 days and earn high interests, like 5-10%

It will attract mintcoin users and rise shareXcoin volume (mintcoin has a low price today, many mint users are frustrated and loosing money and they will run to shareX).

Maybe whales give up that damn sell wall in mintpal and invest in shareX - so mintcoin prizes will grow even more.

Same could be done with other coins like doge, ecc, quark, dark...

[ziplibrary]

ShareXcoin volume is very low. So I had an idea:

1)Add a known coin, like mint
2)Users will lock mintcoins for 30 days and earn high interests, like 5-10%

It will attract mintcoin users and rise shareXcoin volume (mintcoin has a low price today, many mint users are frustrated and loosing money and they will run to shareX).

Maybe whales give up that damn sell wall in mintpal and invest in shareX - so mintcoin prizes will grow even more.

Same could be done with other coins like doge, ecc, quark, dark...

Can't do  that because there is no coin to pay interest. We can do that with ShareCoin because there are ShareCoin generated from FeeShare sale.

[jonesT]

ShareXcoin volume is very low. So I had an idea:

1)Add a known coin, like mint
2)Users will lock mintcoins for 30 days and earn high interests, like 5-10%

It will attract mintcoin users and rise shareXcoin volume (mintcoin has a low price today, many mint users are frustrated and loosing money and they will run to shareX).

Maybe whales give up that damn sell wall in mintpal and invest in shareX - so mintcoin prizes will grow even more.

Same could be done with other coins like doge, ecc, quark, dark...

Can't do  that because there is no coin to pay interest. We can do that with ShareCoin because there are ShareCoin generated from FeeShare sale.

Why not create a FeeMint? It would be the same mechanism used with FeeShare...