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
Who owns the exchange? Of course it is the Vootcoin dev team that owns it, but the Smoke team should be quite big shareholders as they are a big part of it as long as they want to support and help running the exchange.
It's a big responsibility with the exchange and i do question, do you trust each other?
I think it's time to go public about who you in the PR team are, including the Smoke team. If not then you should at least know each other's identities and have them confirmed. There is too much anonymity in crypto and therefore too much scams.
What happened to investing in the exhange?
Another thing, i think we should start some sort of foundation for Voot where big shareholders will be members. The foundation could be a part of the Voot team and work side by side, helping with ideas and direction for Voot development.