Topic: [ANN][SHARE]ShareCoin - Pure POS - The only coin backed up by a real bussiness - page 200. (Read 293232 times)
May 08, 2014, 12:23:02 PM
Bought 1 fee share, lets see when i will be rich
May 08, 2014, 12:17:56 PM
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.
May 08, 2014, 12:15:42 PM
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?
May 08, 2014, 12:14:50 PM
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.
How many Sharecoins is there ? What is the interest rate ?
So technically ShareCoins are more rare than FeeShares.
Sorry but your FeeShare are way overpriced
May 08, 2014, 12:13:30 PM
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
May 08, 2014, 12:12:39 PM
Can i mint coins in my wallet or only on exchange and can i buy feeshares for btc ,when yes then how much it cost ,when not then how much sharecoins cost a feeshare ?
yes you can mint coins in your wallet. Yes you will be able to buy FeeShares for BTC. ATM 1 FeeShare costs 20.000 Sharecoins.
Thx for info
you're welcome.
May 08, 2014, 12:10:17 PM
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?
May 08, 2014, 12:10:05 PM
Can i mint coins in my wallet or only on exchange and can i buy feeshares for btc ,when yes then how much it cost ,when not then how much sharecoins cost a feeshare ?
yes you can mint coins in your wallet. Yes you will be able to buy FeeShares for BTC. ATM 1 FeeShare costs 20.000 Sharecoins.
May 08, 2014, 12:09:37 PM
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.
How many Sharecoins is there ? What is the interest rate ?
May 08, 2014, 12:08:43 PM
hope the web will go better .
feeshare is not useful ,just need add some good coins !
feeshare is not useful ,just need add some good coins !
May 08, 2014, 12:05:32 PM
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.
How many Sharecoins is there ? What is the interest rate ?
May 08, 2014, 12:04:32 PM
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?
20.000
Ah. FeeShare earnings are paid in BTC.
May 08, 2014, 12:03:12 PM
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
May 08, 2014, 12:03:05 PM
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
The point is, we don't KNOW if the value of FeeShare is high or not. Since we don't know the ROI. We can't know the ROI until we know the weekly/monthly revenue of the exchange.
I'm shocked at the number of complaints. I expected a few, but 1500 people were basically GIVEN .003% of the revenue of an exchange for nothing more than about 5 minutes of work, ie dl a wallet, sign up, put something in your sig for a week.
No one is twisting anyone's arm to buy FeeShares.
the problem seems to be that some people were buying on the exchange with plans to buy freeshares, but not enough info was provided... so they claim.
Ok, I get that. But sometimes in life you take a risk. Without the price of FeeShare being listed they took that risk. They could have waited. That said, the highest I think I've seen 20k share sell for was about $40 worth of BTC. There's no way to know if that is a good or bad price before we start to see what the FeeShares are returning.
I do agree that if the price was known ahead of time it should have been listed in the OP. Also, the line about "if you own SHARECoin you share in the revenue of the exchange" wasn't 100% correct but was clarified on the thread. But, the OP should have been corrected.
May 08, 2014, 11:59:56 AM
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?
20.000
May 08, 2014, 11:58:35 AM
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?
May 08, 2014, 11:54:52 AM
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.
May 08, 2014, 11:53:22 AM
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
The point is, we don't KNOW if the value of FeeShare is high or not. Since we don't know the ROI. We can't know the ROI until we know the weekly/monthly revenue of the exchange.
I'm shocked at the number of complaints. I expected a few, but 1500 people were basically GIVEN .003% of the revenue of an exchange for nothing more than about 5 minutes of work, ie dl a wallet, sign up, put something in your sig for a week.
No one is twisting anyone's arm to buy FeeShares.
the problem seems to be that some people were buying on the exchange with plans to buy freeshares, but not enough info was provided... so they claim.
May 08, 2014, 11:51:16 AM
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
The point is, we don't KNOW if the value of FeeShare is high or not. Since we don't know the ROI. We can't know the ROI until we know the weekly/monthly revenue of the exchange.
I'm shocked at the number of complaints. I expected a few, but 1500 people were basically GIVEN .003% of the revenue of an exchange for nothing more than about 5 minutes of work, ie dl a wallet, sign up, put something in your sig for a week.
No one is twisting anyone's arm to buy FeeShares.
May 08, 2014, 11:48:56 AM
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?
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.
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.
Jump to: