[ANN] Banx - Liquidity Paid Back In From Profits - page 53.

MarkLyford

sr. member

Activity: 455

Merit: 250

Quote from: proletariat on October 11, 2014, 12:59:02 AM

I don't get the ipo distribution. Where are the shares and why is it trading above .002 already? shouldn't there be a sell wall at .002 with 2.2mil coins? there's around 3,000 at that price range on banx.io

Hi there, all shares distribution is set out in this document:

http://banxcapital.s3.amazonaws.com/Banx_Capital_Prospectus.pdf

we are not selling all 2.2 million coins on banx.io , other exchanges are now picking us up and it would be negavtive in our marketing to have all 2.2 mill available for one hit.

Any other questions let me know

MarkLyford

sr. member

Activity: 455

Merit: 250

Quote from: powersup on October 10, 2014, 08:47:03 PM

my only concern is what happens if all shares are not sold? Only 50K shares out of 2M sold so far. Also the block explorer has over 6M coins in existence? have I missed something?

Posted From bitcointalk.org Android App

Hi there,

first of all those shares sold are not automatically updated on the website, something my dev will be doing this week.

As outlined in our prospectus we have set %% budgets for each operation and those percentages will be spent on each business as money comes in, so we don't need to be fully funded to start turning profits.

And rest assured I wont stop until we are fully funded.

If you read this it will explain fully the split of shares: http://banxcapital.s3.amazonaws.com/Banx_Capital_Prospectus.pdf

Best regards

Mark

kutaka

member

Activity: 97

Merit: 10

Do not want to sound harsh, but if someone starts his announcement with:

Quote

have been an online entrepreneur since 1997 and over these years have run over 32,000 websites. I have made millions of dollars online, seen many dot com bubbles and, of course, the bursts.

It screams "SCAM".

"I'm making millions of dollars online, click this link to learn my secret!"

adhitthana

legendary

Activity: 1190

Merit: 1000

Quote from: MarkLyford on October 06, 2014, 03:29:33 PM

All of the BTC raised will be spent as outlined in the prospectus.

Prospectus? So where does this venture fit in with UK regulators?

mistercoin

legendary

Activity: 1051

Merit: 1000

https://r.honeygain.me/XEDDM2B07C

I don't get it?

Halp plz kthx.

Why no HTTPS on yo exchange nicka?!

powersup

sr. member

Activity: 406

Merit: 250

Quote from: nomoreheroes7 on October 11, 2014, 06:31:52 PM

Topic is self-moderated. This post will probably get deleted. I would avoid at all costs.

why would you avoid?

nomoreheroes7

sr. member

Activity: 326

Merit: 250

King of all the land

Topic is self-moderated. This post will probably get deleted. I would avoid at all costs.

bizzyb

legendary

Activity: 1652

Merit: 1001

Don't look at my signature!

Quote from: stonehedge on October 11, 2014, 04:58:33 PM

One thing that really caught my attention was the future ability for third party companies to issue "crypto shares" using the platform that Banx is using for its initial IPO. That is a game changer. My background in venture capital is drawing up all sorts of possibilities in my mind but as I said before, I'm not 100% on where Mark is aiming.

I agree, that's where volume can really be a factor even with small trade fees.
I like the model, servicing both the niche and volume markets.
Get in touch with Mark if you have ideas or suggestions, he's very receptive to suggestions and easy to talk to. I'm sure with your background you could offer some unique insight.

stonehedge

legendary

Activity: 1722

Merit: 1002

Decentralize Everything

One thing that really caught my attention was the future ability for third party companies to issue "crypto shares" using the platform that Banx is using for its initial IPO. That is a game changer. My background in venture capital is drawing up all sorts of possibilities in my mind but as I said before, I'm not 100% on where Mark is aiming.

minerjoen

hero member

Activity: 644

Merit: 500

i will start trading on ur exchange with some small amounts to test!

Looks good so far!

bizzyb

legendary

Activity: 1652

Merit: 1001

Don't look at my signature!

Quote from: ElitistCA on October 11, 2014, 04:33:07 AM

Do I understand right that banx coins are actually banx shares of company?

Exactly..a crypto share that you can use just like a cryptocoin - save to wallet, send to people, exchange, sell, store, etc with the benefit of then being rewarded a dividend...it's like a POS coin that is a share....it's pretty cool....and I'm pretty excited about the future of this coin

ElitistCA

sr. member

Activity: 477

Merit: 250

Blockchain Just Entered The Real World

Do I understand right that banx coins are actually banx shares of company?

proletariat

legendary

Activity: 1246

Merit: 1005

I don't get the ipo distribution. Where are the shares and why is it trading above .002 already? shouldn't there be a sell wall at .002 with 2.2mil coins? there's around 3,000 at that price range on banx.io

powersup

sr. member

Activity: 406

Merit: 250

my only concern is what happens if all shares are not sold? Only 50K shares out of 2M sold so far. Also the block explorer has over 6M coins in existence? have I missed something?

Posted From bitcointalk.org Android App

MarkLyford

sr. member

Activity: 455

Merit: 250

Quote from: stonehedge on October 10, 2014, 11:09:42 AM

I've just spent a fair while sifting through the banx.io code on github, watching Mark's videos and reading the prospectus and I *think* he's on to a good idea if I understand things correctly.

This isn't a scam, clone coin, or coin... this is a business. And lets be honest here, very few actual altcoins on here have a plan as clear as Mark's. This is probably not a great forum for Mark to be pitching his business...too much FUD.

My view doesn't mean that I think it will succeed or fail but I just think that this company is on to something here. I'm not 100% clear on what it is yet but if I'm right...cool!

thanks very much, appreciate the comments

bizzyb

legendary

Activity: 1652

Merit: 1001

Don't look at my signature!

Quote from: stonehedge on October 10, 2014, 11:09:42 AM

I've just spent a fair while sifting through the banx.io code on github, watching Mark's videos and reading the prospectus and I *think* he's on to a good idea if I understand things correctly.

This isn't a scam, clone coin, or coin... this is a business. And lets be honest here, very few actual altcoins on here have a plan as clear as Mark's. This is probably not a great forum for Mark to be pitching his business...too much FUD.

My view doesn't mean that I think it will succeed or fail but I just think that this company is on to something here. I'm not 100% clear on what it is yet but if I'm right...cool!

Go with your instinct...they ARE onto something here...a complete crypto service company for those with loads of crypto experience and for those with none at all.
How do you appeal to the biggest market? By increasing your potential market size and you do that by offerings to those that are currently not offered anything...
This is going to be big.....

stonehedge

legendary

Activity: 1722

Merit: 1002

Decentralize Everything

I've just spent a fair while sifting through the banx.io code on github, watching Mark's videos and reading the prospectus and I *think* he's on to a good idea if I understand things correctly.

This isn't a scam, clone coin, or coin... this is a business. And lets be honest here, very few actual altcoins on here have a plan as clear as Mark's. This is probably not a great forum for Mark to be pitching his business...too much FUD.

My view doesn't mean that I think it will succeed or fail but I just think that this company is on to something here. I'm not 100% clear on what it is yet but if I'm right...cool!

zhou_zhou

newbie

Activity: 6

Merit: 0