Topic: [CRYPTO-TRADE] Crypto-trade.com IPO and official thread! - page 34. (Read 171352 times)

Hi, I'm new to the crypto-biz, I signed up to trade at CT but don't see how to make deposits, how is that done?


also, to anyone that doesn't want the Alt currencies they received, just sell it to me , I pay with paypal

02/03/2014 Newsletter - 2nd February

Dear Crypto-Trade user,
First of all we would like to apologize deeply for the inconvenience that were caused to our shareholders by the delayed dividend payments in recent months.

In its original intention Crypto-Trade was not designed to be a stock exchange in addition to a place where people can trade their Crypto Currencies. But after the closure of btct.co and litecoinglobal.com, where our shares were hosted back in the days, something had to be done.

So we built this feature from scratch, in order to support you with an adequat and save replacement. Yes, we were aware of the problems that usually come with such a huge change to a website's infrastructure, but the time and effort was definitely underestimated here and we're really sorry about that.
The good news is, these problems are solved now.

We implemented an automated dividend payment system that already handled the latest dividends from 01/12/2013 to 27/01/2014.

Any future dividends for CTL and CTB will now be payed on every Sunday. Yes, that's right: dividends will be payed weekly from now on (we even decided about daily dividends in the future - but for now it's weekly).

As you already might have noticed, there were further changes to the dividends as you know them. Let us explain this:

Dividens will now be granted in every Crypto Currency, proportionately to their traded volume.
So regardless of owning CTB or CTL shares you will get an amount of every coin that's hosted on our site as part of your dividends.

What might look like a bad joke to you at first sight has mainly two reasons: first of all our prior calculations were imprecise because of the fluctuations in prices that are inherent to every coin.
Secondly we always made a loss with transfering and converting huge amounts of all coins to Bitcoin and Litecoin.

Needless to say that this transaction had been quite a piece of work, because we had to use another exchange therefor.

But again, this has been solved by now and we hope that all of you agree with this essential change and are satisfied with the solution.

Another change to the IPO that you might like to hear is that the total amount of all issued shares was halfed - from 50,000 to 25,000.
This means that every issued share is now representing 0.002% instead of 0.001% of Crypto-Trade's net profits. We already changed this on the shareholders page, the IPO will follow soon.

Let us say just another word about the dividends:
As a tribute to our initial supporters and early adopters, we were granting a 100% bonus on all shares in the past months, meaning that all net profits since the beginning of the IPO in June 2013 were completely issued to our shareholders (For those of you who are new to Crypto-Trade, you can read about that on the old btct.co site, i.e. in the july dividends statement).

Paying this ultimate bonus was always a pleasure for us as Crypto-Trade was a small exchange that didn't imply much work, costs and risks.

This has changed now. We're proud of having more than 20,000 registered users in our database, and with Gults-Gulch-Organic and ActiveMiningCorp two renowned external IPOs joined our securities section. As a consequence of that, the last dividends implied only the regular amount that's stated in the IPO. We're sorry if this caused any confusion, especially for our new users, but in order to bring Crypto-Trade to the next level, we are reliant to handle it that way.

In order to assure clearity and orderly of the upcoming dividends, we must adapt the shareholders page to the weekly payments.

As long as this hasn't been finished you can do some math for your forecast:
To calculate your dividends for Crypto Currency:
X: X *0.002 (=0.2% fees) /2 (50% shareholders ratio) /Y (=issued shares) *Z (=amount of your shares)

What else?
Ultracoin (UTC) will celebrate its launch on Crypto-Trade at February, 7th. So if you're into this coin, make sure that you'll be online that day.

The decision to host Ultracoin was made after intensive and productive talks with their devs and because of the potential for synergie between UTC and us.

So this might be one of many further steps to increase our general trading volume. We're looking forward to the launch and are well prepared for it.
You might want to take a look at their official thread on Bitcointalk:
https://bitcointalk.org/index.php?topic=413978.0;topicseen

Since many people are asking about the implementation of Dogecoin and Maxcoin: yes, we're taking a closer look on those.
But this will definitely not happen before the UTC premiere.

For those of you who haven't logged in for a while, Crypto-Trade now supports 2-Factor-Authentication as an additional security layer for logins and withdrawals.

You can setup your key in the 2FA section via your user menu or by following this link:
https://crypto-trade.com/member/2fa

After that, please visit your profile page and especially the "extra security" tab in order to configure your 2FA to your needs.

Furthermore we added another payment processor to our site: Since January, 10th you can use Egopay (www.egopay.com) to deposit and withdraw your fiat money.
All fees incurred by the transfer of fiat money can be found on our fees page:
https://crypto-trade.com/fees.

Some final words..
We're aware of the fact that our communication with you in the past month had some massive need of improvement (to be honest, it was terrible), and we promise that this will change from now on. Hopefuly you see this newsletter as a first step in the right direction - it won't be the last.
If you have any questions or ideas, please step by in the chat and let us know.

For reporting major and serious concerns regarding your account or the usage of Crypto-Trade, please use our new helpdesk, as the chatbox is not the right place for that. You can find the helpdesk by clicking on 'support' in the upper menu or by following this link:
http://helpdesk.crypto-trade.com/

We would like to encourage everyone who has stopped using our service to come back and take a second look.

In the meanwhile, please feel free to follow us on twitter (@Crypto_Trade), as we will start using our account more often from now on.

Best Regards,
Crypto-Trade Team

I know some people lost faith but as we said since start etablish such project take time abd isnt a small road, but we are ready for and jumping wall one by one on the road.

Care to share with the rest of us?

admin: Hello eveyone

MilkyLep: still here admin?

admin: MilkyLep: yes

MilkyLep: I can only imagine how busy you have been and currently are. I know CT only started off as a side project. Regardless an appearance from you over at bitcointalk explaining and clarifying recent changes and setbacks would go along way bolstering confidence in shareholders as well as CT users/traders. I can assure you shareholders are not the only ones watching what CT is up to and thier plans. A new thread/post stating your intentions and CT's future direction would really help get more people behind you and the site.

MilkyLep: Not everyone has the time/luck of chance to catch you in the shoutbox and take a minute to chat with you.

admin: MilkyLep: I fully agree and thinking how to make this in place. I will update thread in btctalk. Just need to look by where to start...as thread frum need a big clean. A newsletter is nearly ready also, with many exlanation on dividend and futur plan.

MilkyLep: Excellent I look forward to reading your future update. I've always had faith in your platform, but the majority of people are being tested currently. I wish to see you make CT a success.

MilkyLep: P.S. I take it the dispersment of dividends through multiple currencies is permanent? Is there any chance there may be an option of btc only?

admin: MilkyLep: I know some people lost faith but as we said since start etablish such project take time abd isnt a small road, but we are ready for and jumping wall one by one on the road. For auto div in diff currency this allow us to make it weekly soon daily, without having to convert. This also boost volume and trade numbers as shareholders need then to convert themself if they want so. This way is also more accurate as previously the convertion was done at best moment and was sometime a lost for us.

MilkyLep: Your reasons seem both true and logical to the well being of the site although extremly unexpected. I appreciate you taking some time out to claify and explain a bit whats going on. Don't forget if you ever need help via PR, communications, marketing you have a great community here willing to lend a hand.

...you just had a longer talk with neotrix too and he answered your questions in detail - that's exactly how i get my informations.

So as much as I see you pushing and fighting for CT you must have some formal or personal connection with CT management yes? It seems you are always privy to news and plans no longer allowed to be shared with shareholders. Are you the spokesperson? Did I miss this newsletter as well?

just think of what the dividends might become, when the active user base reaches i.e. 1000 at once (which is not unrealistic at all) - then all shareholders would be instant rich.

So in November they paid 0.002 0.00263281 per share because the volume was low in October
in December they paid 0.012 per share, because the volume increased in November
The volume increased even more in December, and... Back down to like 0.002 per share?

And that's *after* converting all the shitty useless amounts of Dogecoin and Shitcoin and Fuckcoin into BTC and paying fees on it.

Can anyone say SCAM?

I'm out. Useless fucking website. No wonder they only get pathetic small volumes.

I suggest anyone who still has shares in this garbage should sell them now.

I think as we paid BTC to buy shares, we should get dividend in BTC. Same as LTC.
It is not make sense to sell 10 kinds of altcoin by myself.
Or at least they should give us an option to choose preferred dividend currency.

this is fresh out of the chatbox (2min before this post):

We have integrated automatic dividend payment system which will pay dividends on every sunday except the first one which covers dec, 2013 to present date.

As per contract, 50% of the fees will be distributed as dividends.The dividends will be paid in form of all crypto currencies.

Note: Your CTL and CTB shares are treated as whole during dividend calculation.

the thing is: crypto-trade was never planned to be a securities exchange in addition to the regular crypto coin exchange. but with the closing of ltc-global & btctc (where CT hosted their shares back in the days) and
no reasonable stock exchange alternative out there, they dare to implement this feature too.

i don't want to defend them because i'm really angry about late dividends by myself, and i told neotrix a few month earlier to hire at least a community

cdev: First the pending divs of dec and jan will be covered and then weekly from then on

And this is any different from 2 weeks ago when they said everything would clear on Sunday how?

Grinny: cdev, is this still up-to-date: "cdev: Grinny: Yes auto divs will be activated before monday" ?
cdev: Grinny: Yep
Grinny: good
Grinny: cdev: will december divs be payed directly at the time you start the auto div system?
cdev: Grinny: Yes
Grinny: thanks

Last Sunday, Neotrix told me in the chatbox that December dividends will be paid this week.
So I expect them for Sunday.

cdev: Grinny: Yes auto divs will be activated before monday

... just wait a few more weeks and check if the following features have been implemented by then ...