Is this still in IPO?
that's what it is
https://btct.co/security/CRYPTO-TRADE
https://www.litecoinglobal.com/security/CRYPTO-TRADE
Topic: [CRYPTO-TRADE] Crypto-trade.com IPO and official thread! - page 51. (Read 171352 times)
that's what it is
https://btct.co/security/CRYPTO-TRADE
https://www.litecoinglobal.com/security/CRYPTO-TRADE
I'm eager to see the site develop into a powerful exchange!
There's a thread on reddit discussing the site, it might improve confidence if you fix some of the simple English grammar issues on the front page:
There's a thread on reddit discussing the site, it might improve confidence if you fix some of the simple English grammar issues on the front page:
- "Registered Company operating since 5 years"
should read:
"Registered Company operating for 5 years" - "Hosted on Dedicated Server with High DDOS Protection"
should read:
"Hosted on a Dedicated Server with High DDOS Protection" - "0.2% fees for Standard member,0.15% for VIP member"
should read:
"0.2% fees for Standard member,0.15% for VIP members" - "holding created in 2009 which manage various businesses"
should read:
"a holding created in 2009 which manages various businesses"
There should also be a space after the commas. A site that wants to compete professionally needs to have perfect grammar and English if they are going to make it. Those mistakes stick out like a sore cock.
There will be 5x 10k shares total which will represent 50% of the company so there exists 100k shares total. Valuation at 0.2 means 20k btc or 2m+$ implied valuation. Is that correct ?
Not quite.1549 shares * 7.8 litecoins * $3.00/litecoin=$36,247
1068 shares * 0.2 bitcoin * $130.00/bitclin=$27,768
$36,247+$27,768=$64,015
*2 since stock represents half the company
=$128,030
Issuing the unissued stock would not raze the value of the company. It will only dilute the value of everyone else's shares. Hopefully we see a little bump in the price once the website is up. It looks like Neotrix has the remaining issue up for sale on BTC-TC I couldn't say whether the "bump" would be enough to absorb that much supply at one price. As for the remaining issue, since the price is pre set, he can only issue them if the market will bear it.
Today the Company is worth $128,030.
These markets aren't extremely "efficient". I would say that an operating coin exchange would be worth quite a bit more than $128k.
I wish they could make it easier to deposit and remove $ though.
I think this is correct if anyone has more insight please share.
I believe you are wrong, because we know that these other shares will be issued later on so it is just the same as if they were issued now. You assume that they will dilute existing shares, which would correspond to a price drop if this were the case, but then nobody would buy now expecting a price drop soon. These shares already exist and are for sale at 0.25, 0.3 ... (as is listed on the IPO paper) just we cant see them now as the owner is holding them.
( 10 000 shares represnting 10%)
So 100,000 shares? 0.2 * 100,000 * $125 = $2,500,000
Neotrix, I think there is a bug somewhere with the PIN code creation. When I signed up I entered a 5 digit pin code (using the virtual keypad that appears) and I got the message "Invalid PIN : must be an integer".
I tried a different code and it worked. (The first code that did not work started with a 0, maybe the bug is there ?)
I tried a different code and it worked. (The first code that did not work started with a 0, maybe the bug is there ?)
bitintsant>vouchX>crypto-trade has got to currently be the most effective way to get USD to crypto-trade if you are accustom to the moneygram route
There will be 5x 10k shares total which will represent 50% of the company so there exists 100k shares total. Valuation at 0.2 means 20k btc or 2m+$ implied valuation. Is that correct ?
Not quite.1549 shares * 7.8 litecoins * $3.00/litecoin=$36,247
1068 shares * 0.2 bitcoin * $130.00/bitclin=$27,768
$36,247+$27,768=$64,015
*2 since stock represents half the company
=$128,030
Issuing the unissued stock would not raze the value of the company. It will only dilute the value of everyone else's shares. Hopefully we see a little bump in the price once the website is up. It looks like Neotrix has the remaining issue up for sale on BTC-TC I couldn't say whether the "bump" would be enough to absorb that much supply at one price. As for the remaining issue, since the price is pre set, he can only issue them if the market will bear it.
Today the Company is worth $128,030.
These markets aren't extremely "efficient". I would say that an operating coin exchange would be worth quite a bit more than $128k.
I wish they could make it easier to deposit and remove $ though.
I think this is correct if anyone has more insight please share.
I believe you are wrong, because we know that these other shares will be issued later on so it is just the same as if they were issued now. You assume that they will dilute existing shares, which would correspond to a price drop if this were the case, but then nobody would buy now expecting a price drop soon. These shares already exist and are for sale at 0.25, 0.3 ... (as is listed on the IPO paper) just we cant see them now as the owner is holding them.
Neotrix, the order book is on the wrong side : you have the offer (sell orders) on the left, no exchange does that, it should be on the right.
Date on the website has changed to "We will open on 26th May 2013,12:00 AM (GMT). " which is now
which is in 1 hour and 9 minutes from now. but not mail has been sent so far, which was supposed to happen 3 hrs before launch
No. 12am does not come after 11am, sorry. 12am is midnight. midnight of may 26 is when may 25 disappears and may 26 appears, which is when I posted in GMT time.
very interesting. Nice to see things are up and running today!
I'll be watching this closely
I'll be watching this closely
I'm eager to see the site develop into a powerful exchange!
There's a thread on reddit discussing the site, it might improve confidence if you fix some of the simple English grammar issues on the front page:
There's a thread on reddit discussing the site, it might improve confidence if you fix some of the simple English grammar issues on the front page:
- "Registered Company operating since 5 years"
should read:
"Registered Company operating for 5 years" - "Hosted on Dedicated Server with High DDOS Protection"
should read:
"Hosted on a Dedicated Server with High DDOS Protection" - "0.2% fees for Standard member,0.15% for VIP member"
should read:
"0.2% fees for Standard member,0.15% for VIP members" - "holding created in 2009 which manage various businesses"
should read:
"a holding created in 2009 which manages various businesses"
Neotrix you might want to have someone QA the site on an android tablet, the UI appears not to fully show up
What is the expected dividend for 1st june?
There's nothing in the order book so I'd be surprised if you can predict more than 0 BTC.
"Crypto-trade launched! Posted: 2 hours ago
Dear shareholders
Crypto-trade.com has just been launched today. Multi Launguage will be added during the week as well as more options to deposit/withdraw. We will be glad to welcome you on board.
First dividend + Bonus for delay wil be issued 1st June 2013.
Regards, Neotrix
https://crypto-trade.com"
What is the expected dividend for 1st june?
There's nothing in the order book so I'd be surprised if you can predict more than 0 BTC.
Site Opened.
Nice! Good job neotrix and your team!
The amount of complaints about lost money at btc-e, and slow support, I don't think it'll take too much to convert them. There's room for both though.
What is the expected dividend for 1st june?
Finally 
I found a few things that I would change/fix:
- Language drop down menu doesn't work
- I personally find the hover effect on the border around the trading chart annoying
- Favicon is missing
- 2FA is missing?
- Maybe own statuses for the team / support/admin name colored in the trollbox
- Would be nice to change the time zone
- Where is the API?
What is the status on additional deposit/withdrawal options? I am a little bit disappointed that you support so far only Perfect Money and VouchX.
I was expecting at least Okpay and Bitinstant.
All in all the site doesn't look that bad. Now we have to see if people leave btc-e and vicurex.
I found a few things that I would change/fix:- Language drop down menu doesn't work
- I personally find the hover effect on the border around the trading chart annoying
- Favicon is missing
- 2FA is missing?
- Maybe own statuses for the team / support/admin name colored in the trollbox
- Would be nice to change the time zone
- Where is the API?
What is the status on additional deposit/withdrawal options? I am a little bit disappointed that you support so far only Perfect Money and VouchX.
I was expecting at least Okpay and Bitinstant.
All in all the site doesn't look that bad. Now we have to see if people leave btc-e and vicurex.
Site Opened.
Very nice! I am doing some PR for the site on reddit, hacker news, Trollbox etc. Also sent some FTC over to get trading 'going'. You should announce the opening under /alternative crypto currencies and trading/market here on bitcointalk.
Site Opened.
not there, I bet in a couple of hours the following:
LAUNCH DEADLINE : 26th May 2013 , 12:00 AM (GMT)
will be changed into:
LAUNCH DEADLINE : 26th May 2013 , 10:00 PM (GMT)
LAUNCH DEADLINE : 26th May 2013 , 12:00 AM (GMT)
will be changed into:
LAUNCH DEADLINE : 26th May 2013 , 10:00 PM (GMT)
Date on the website has changed to "We will open on 26th May 2013,12:00 AM (GMT). " which is now
which is in 1 hour and 9 minutes from now. but not mail has been sent so far, which was supposed to happen 3 hrs before launch
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