Topic: [CRYPTO-TRADE] Crypto-trade.com IPO and official thread! - page 48. (Read 171303 times)

BTC-TC says: Outstanding 2375 / 10000 Issued.
Does this mean that 50% of the profits of Crypto-Trade will be shared as dividents to 2375 people?

Are the IPO shares already sold out or not?

As I would not advice to do such a statement since it could provocate some one to unleast a huge attack on you. I also feel you would like that to happen to test what you can stand 

We are glad to say we have been targeted by DDOS attack like other exchangers since last day but we are online having a really powerfull DDOS protection. No downtime or lag to report for moment. 

Here a copy of news I sent to shareholders via btct.co and ltc-global :

Dear shareholders

We have some great news for you about our recent site developments and future dividend plans.

1) Crypto-trade will soon change its tld from .com to .is (iceland) .The decision was taken as a prevention measure considering the domain seizures of big companies like Libertyreserve and many more using .com tld. After the new .is tld becomes active, all the .com domain requests will be redirected to .is

2) We have recently added OKPay as a payment option which will enable us to deal more efficiently with fiat currencies giving thus increasing our trading volumes as well.

3) We have released API v1 as well to automate various trading functions such as trade,cancel orders,get trades history etc.You can find more by visiting our API documentation page.

Finally, we are ready to start a big advertising campaign for crypto-trade.com to promote it as fast as possible.

Additonally, the next dividend will be bigger than what was stated in the first contract. As we like to support early adopters and shareholders, the next dividend will comprise of 100% profit for the month of June which will be reversed to the outstanding shares. This will increase the expected dividend considerably, keeping in mind that only 2-3% of the website's shares has been sold yet.

This operation could be effective again in july at my whole discretion.

Regards, Neotrix
https://crypto-trade.com

PS : I also forgot to mention that payment for crypto (BC, LTC...) are now instant and automatic.

Ok, that makes more sense. Thanks for pointing it out.

03/03/13 = $40 / BTC

0.2 BTC = $8

--->  3.125% per month at time of original thread.

Furthermore, I made a mistake in my previous post - with nowadays values, monthly return is 1.2%, not 0.95%.
I suppose 3.125% makes sense for this level of risky investment. This said, I m still wondering why so many people have been buying shares in the last few days if eventual return is now of around 1.2%. (well, I did... but now that I do the maths, I m not sure anymore).

Anyway, that's sorted. what about the volume & traffic prediction?

The BTC price was a lot different from when the post was made.

Hi all,

I was trying to calculate monthly dividend based on CT trade estimation, but it doesn't seem to be right. Hopefully I m doing something wrong in my calculation, forgot some variable or misunderstood some parts of the stockholder agreement.


If we divide the estimated monthly profit per shares # ($25000/100K shares) we get 25 cents monthly dividend / share.
(I m aware there are only 50K shares, but since they represent 50% of the right on dividend, I made it simpler by assuming 100k shares = 100% dividend).

Share costs 0.2 BTC which is approximately $21 in current market. That would mean a monthly return of 0.95% 1.2%. Which is not very close to the one mentioned:


--------

Also, $25000 per month would imply a monthly volume of  $12.500.000 (0.2% fee of $12.5M = $25K).

If we take BTC-e as example. BTC-e volume of  BTC/USD LTC/USD & LTC/BTC for last month was around $25.7M

BTC/USD = $14.55M
LTC/USD = $5.5M
LTC/BTC= $5.65M
(LTC/USD and LTC/BTC approximate - counted using LTC=$2.5 - couldn't be asked to do calculation for each day of the month).

I know these are not the only trade offered, but they are the main ones with the most traffic & revenue.

So it would seems that if CT gets roughly half the traffic of BTC-e, then shareholders would get a bit less than 1% monthly dividend on their investment.

Now, I m not an economist nor a mathematician. On the other hand, I m a shareholder and therefore really hope that my calculations are off.

Looking forward to someone proving I m an idiot :]

source:
http://bitcoincharts.com/charts/btceUSD#rg30ztgSzm1g10zm2g25zv  "load raw data" option
http://www.cryptocoincharts.info/period-charts.php?period=1-month&resolution=day&pair=ltc-usd&market=btc-e
http://www.cryptocoincharts.info/period-charts.php?period=1-month&resolution=day&pair=ltc-btc&market=btc-e

OK, makes sense not to announce too many small improvements one by one.
I was a bit provocative, but my intention was to support you. Keep up your good work.

good job! been some steady progress since the site launch, keep it up.

Api has been released : https://crypto-trade.com/api/documentation

https://www.crypto-trade.com/api/documentation

Good news!

Okpay has been added yesterday. I was waiting today to post here announcing OKpay and API. ( API going to be released today)

As I said since the launch, the marketing campaign wil start when OKpay (done now) and API (release planned for today) will be both in place. Thats going to be fully completed today, then I can start to promote crypto-trade seriously.

So you added OKPay deposit and withdrawal option, and you don't write it here? Ah, where is your marketing?

What's the latest on this?  Trade history suggests they're trading semi-regularly (i.e. last trade was 24 hours ago)?

https://www.crypto-trade.com/trade

I'm not affiliated with them, this is just information from being in chat on the site with people who are testing it.

Is this information publicly available or are you just guessing?

Once their API is in place, that will be possible.  I believe they are in the testing phase of their API.

another useful thing would be listing on http://bitcoincharts.com/markets/. Not sure if it makes sense me to write them, they still need cooperation from crypto-trade.com operators.

Wouldn't it be useful if crypto-trade.com somehow supported trading redeemable codes for fiat between customers, as an alternative to PerfectMoney? Perhaps free escrow for such trades. Because PerfectMoney isn't so perfect, when I look at their fees. Or you expect shareholders to do this?

Although it's easy to go fractional reserve, and this my proposal could even motivate to do so.
Edit: and it could lessen your dependence on PerfectMoney, lessen the risk of frozen funds.