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Topic: [ANN][SHARE]ShareCoin - Pure POS - The only coin backed up by a real bussiness - page 219. (Read 293232 times)

hero member
Activity: 489
Merit: 500
Quote from Sharexcoin.com
Quote
ShareCoin Re-Distribution

ShareCoin generated from FeeShares sale will be distributed back to the community in 2 ways:
MultiPool distribution: 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. Join our multipool at:
Exchange interest: Keeping ShareCoin inside the exchange will let you earn interest on ShareCoin itself. The interest rate is twice as much the ShareCoin's stake interest rate at that time.

Dear dev,

my question is about the exchange interest:
for the first year, I can get 60%.   How long will the interests be paid?  Each 24 hours as in our own wallet?
Half of the coins are paid by the coin's stake itself. The other half is paid by the ShareCoin generated from FeeShare sale.

I understand the composition of the payment.  My question is how often the payment will be paid.  Each 24hrs or each week?
newbie
Activity: 23
Merit: 0
Feeshare price is too high and I fear it will devalue the coin as people will associate ShareCoin's value with the FeeShare price.

As it stands, 0.001% of the exchange's income is worth $50. This means the value of the 100,000 FeeShares is set at $5,000,000 and that in turn would value the exchange as a  $50,000,000 business. I think a lot of people wanted to invest in this coin because of the FeeShares and to make that a viable and realistic investment the value of the exchange would need to be a figure ten times less than it is now (or even more). The coin price would need to drop to around 50 satoshis or beyond.

It's early in the morning so I hope that makes sense, but I still think you're going to need to drop a decimal place on the cost of the feeshares, or move up a decimal point on the FeeShare revenue percentage and knock a zero off the max number of FeeShares.
member
Activity: 112
Merit: 10
If people get interest for leaving their coins in the exchange doesn't that undrmine the cryptocurrency's inherent decentralization? Cause so many coins will be centralized in one wallet? I may misunderstand the concept but that's what I'm wondering about.
+1
It also gives the coin a single point of failure, once the exchange is hacked, most of the coins are lost.
I have seen many experts saying never to leave the coins in exchange in this same forum. (But none of the coins offered twice POS rate though  Cheesy)

what's the logic behind this interest concept then?
member
Activity: 371
Merit: 10
"simply getting the job done"
dev, what about multipool payouts??

dev is maybe waiting for initial distibution ends.
full member
Activity: 364
Merit: 100
dev, what about multipool payouts??
member
Activity: 63
Merit: 10
I have for trading site shares, look better, and I have low investment of some sharecoin, hope to be able to fly to the moon. Grin
sr. member
Activity: 294
Merit: 250
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?
I wrote all about it here: https://sharexcoin.com/fee_shares/about

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%.
full member
Activity: 162
Merit: 100
hehe
I think we should vote here https://www.mintpal.com/voting ,though we have our own exchange.
More supporters is not a bad thing .


+10086
sr. member
Activity: 308
Merit: 250
looking forward to gambling website,The Brazil world cup is coming....We need to gamble feature Grin
We may gamble with BTC and ShareCoin.

If you are btc38 ,please add sharecoin to exchange Grin

Obviously,he is not.
member
Activity: 336
Merit: 10
I think we should vote here https://www.mintpal.com/voting ,though we have our own exchange.
More supporters is not a bad thing .
full member
Activity: 162
Merit: 100
hehe
looking forward to gambling website,The Brazil world cup is coming....We need to gamble feature Grin
We may gamble with BTC and ShareCoin.

If you are btc38 ,please add sharecoin to exchange Grin
sr. member
Activity: 490
Merit: 252
Quote from Sharexcoin.com
Quote
ShareCoin Re-Distribution

ShareCoin generated from FeeShares sale will be distributed back to the community in 2 ways:
MultiPool distribution: 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. Join our multipool at:
Exchange interest: Keeping ShareCoin inside the exchange will let you earn interest on ShareCoin itself. The interest rate is twice as much the ShareCoin's stake interest rate at that time.

Dear dev,

my question is about the exchange interest:
for the first year, I can get 60%.   How long will the interests be paid?  Each 24 hours as in our own wallet?
Half of the coins are paid by the coin's stake itself. The other half is paid by the ShareCoin generated from FeeShare sale.

Some clarification please. I don't understand the second part.
full member
Activity: 210
Merit: 100
If 20000 sharecoin=1 feeshare, I am afraid the price of sharecoin might go downwards.

fud
They just want to buy share cheap so they can get more feeshares. May them pay it up
full member
Activity: 162
Merit: 100
hehe
looking forward to gambling website,The Brazil world cup is coming....We need to gamble feature Grin
member
Activity: 336
Merit: 10
I made a good choice , the coin is so popular.
Great dev team , multipool, own exchange platform  and so on .
Can't wait to get my share!
member
Activity: 70
Merit: 10
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?
I wrote all about it here: https://sharexcoin.com/fee_shares/about
sr. member
Activity: 516
Merit: 250
kingcasino.io
newbie
Activity: 6
Merit: 0
very nice coin.very fair.i am very interesting.
legendary
Activity: 1582
Merit: 1001
If 20000 sharecoin=1 feeshare, I am afraid the price of sharecoin might go downwards.

yep developers are pricing sharecoin at about 50....
fair is fair though, and if it gets that low i will buy up a bunch

seems like the coin is a cool stunt to create an exchange which if successful will help pump the coin.
all you guys dreaming that your free coins are worth 1000 atm are crazy though, but once the exchange is doing a couple thousand btc trades a day im sure it will go that high
hero member
Activity: 532
Merit: 500
If people get interest for leaving their coins in the exchange doesn't that undrmine the cryptocurrency's inherent decentralization? Cause so many coins will be centralized in one wallet? I may misunderstand the concept but that's what I'm wondering about.
+1
It also gives the coin a single point of failure, once the exchange is hacked, most of the coins are lost.
I have seen many experts saying never to leave the coins in exchange in this same forum. (But none of the coins offered twice POS rate though  Cheesy)
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