Please give a rational argument to back up how a dev that gave away all the coins as well as giving away all the profits of fee share is killing the coin and exchange.
To be honest, I don't want to spread FUD. I am a rational man.
100,000 fee shares exist.
Suppose each fee share worth 0.05 btc, that corresponds to a market cap of 5000 btc
Look at cryptomarket cap. This makes feeshare to the top 20, between #18 and #19.
How much trade does it require to make 5000 btc by an exchange?
With trading fee of 0.1%, we need 5,000,000 btc trading, suppose we have the volume of 500 btc, we need 10,000 days, more than 25 years (a optimistic estimation, because there are so many exchange sites, sharex may only get 100 btc volume for a while, another concern is few exchange can exist for a long time, see Gox and coinex).
Input/return is too small for such an investment.
By the way, IMHO, making feeshare/Btc market is not a good idea for an exchange site at an age of only 1 week (Ponzi?).
Focus on how to improve the exchange, promote the sharecoin is the importance.
50% of the revenues from ShareXcoin are given to the community for free. But it's doesn't happen in an instant.
ShareCoins generated from FeeShare are re-distributed directly to ShareCoin holder through exchange's interest rate.
All FeeShares are sold at a fixed rate: 20,000 ShareCoin per FeeShare. This rate will never change.
All existed ShareCoin need to circulate 10 times for all FeeShare to be purchased.
So basically, the exchange is now valued at 10 times less than your calculation.
so if someone owns 1 FeeShare, they will get the same interest that someone would have for 20,000 ShareCoins stored in the exchange?
so they get 12,000 ShareCoins in a year (for the first year)?
So 12,000 SHARE + 0.001% of ShareXcoin's profits?
the price of a Cryptsy's feeshare is 0.05 Btc but it gives you the 0,002%. As twice as the 0,001% of one Sharex feeshare. It means that if the price was 0,05 btc for every Sharexcoin feeshare, the right price of a Sharecoin should be 250 sat. Cause every sharex feeshare guarantees the 0,001%, the right price for one feeshare should be around 0,025 Btc, that means 125 sat for every sharecoin... Without to forget that Sharex isn't Cryptsy ( till now)
The feeshare/btc market will depends by the volume of sharexcoin market, that means that if there will be the right conditions I could try to sell one feeshare 0,25 Btc
Am I on the right way?
If I am in the right way, just for understand I would like to know if there is the interest to make sharecoin a high value coin, because I don't see it ( over all I don't see why... it could have a sense with a feeshare/sharecoin market not with a feeshare/bitcoin market)
Also, later it will be a gambling site, so other shares...
I'd like to understand with your help if there is any sense on increasing the sharecoin stake without buying feeshares and why
