Hey Guys,
lets keep moving. Anon Exchange is coming, but we need a strategy to become #2 behind Bittrex ! (Here again I don't look on volumina!)
In my opinion we need the following:
Strategy
1) Trust
2) Trust
3) Trust
4) Employees who we.... trust!
5) Marketing
Whale I think you need to reveal some features of the exchange before you release it. Why? The worst thing you can do is to release it without a strategy to run it.
Questions:
1) When its Anonymous, how is it secured to not loose coins which we transfer to the exchange? This question was here before.
2) What is the fee for transactions? Where is the Fee going? In our Voot Escrow Fund?
3) Are we willing to pay our employees based on the fee's we earn? That would motivate everyone.
4) I lost 1 BTC with C-cex.com and I know their volumina very well and I see how hard it is to get a Exchange going.
Employees:
1) Developer Team (Coin)
2) Developer Team (Exchange)
3) Customer Support (Exchange)
4) PR / Marketing (Coin) ... u.a. Jefferson, Whale...
5) PR / Marketing (Exchange)
Fund Spending:
Developer Team (Coin) : 20% , 1.5 BTC
Developer Team (Exchange) : 30 % , 2.25 BTC
Customer Support (Exchange) : 15% , 1.125 BTC
PR/Marketing (Coin) : 5 % , 0.375 BTC
PR/Marketing (Exchange): 30% , 2.25 BTC
Calculation:
Volumina per day: 50 BTC
0.25 % Fee as Bittrex
Profit per day: 0.25 BTC
Profit per month: 7.5 BTC
My opinion: That would be a good start when we get my calculation going in the first month. I think its realistic to get the exchange going, but it will be hard.
Happy discussing.
I need some input from the community. I will try to solve the question who owns the exchange after Monday atm. But are your suggestions ? Please help me with good constructive feedback / solutions. As I said I think we should focus on getting the things we have to work first before we look for more innovations
Don't want to be a dick, but since you just re-posted that i re-read it again. 0.25% of 50 BTC is 0.125 BTC. So your whole calculation is wrong if you're counting 0.25 BTC a day.
1) Don't worry you are not a dick
I am wrong and it's good that I did a mistake. No one is perfect.
to clarify: 0.25% is mean 0.0025!
If you take 50*0.0025 its 0.125, multiplited with 30 is
3.75 BTC per month.2) Thanks for the other input. I read everything and I will try to answer the questions.
3) As it came up with anonymous stuff: Please read my project in my signature, please find out my real name. Please not post it here since I want people to be clever enough to find it out by thereselfs. But I am not anonymous here and Hi my name is Chris. To Whale123, Smoketeam .. thats their choice if they wnat to stay anonymous I let them do !
But please don't get me wrong, I am not responsible for anything at the moment here! I am just writing my opinion and try to get the community thinking. I am now trying to get our questions answered regarding the exchange.
4) I say we need to build a team of people with a escrow trusted fund (already there) and a clear structure who owns what and who gets what in the future.
Cheers,
Chris
