Topic: [CRYPTO-TRADE] Crypto-trade.com IPO and official thread! - page 62. (Read 171303 times)

Sorry, I meant live on the trading platform.

Thanks for support


Site will be launched 2st April 2013.


I cannot right now, I'm talking with my offshore lawer actually to get the best country with or without need of license to have the right to do such activities. Could be Belize, Seychelles, BVI, Vanuatu, NZ...or some other country. The final choice will be announced when the copany will be registered.


Thanks for reviewing our offer. I'm sad the ROI dont fit your expectations, but I like your way to tell it and explain it.  Mobile integration is one of our priority as we know this could enlarge in a signifiant way, the number of our customers

Unfortunately the ROI doesn't fit my comfortable range for bitcoin investment (as they are all somewhat risky in nature and history). But I am happy to hear you will launch nonetheless and will definitely bring significant amounts on your volume for ltc on day 1.

p.s. Mobile integration should be top priority in the second tier of your priority list (if you know what I mean). That's where you could really give yourself an edge versus current competitors. Apps and widgets would be pretty much groundbreaking in this nerdy community.

Can you tell us what country this would be? I am sure people would be happy to know that it will be legal wherever it is.

How do we know when it will actually go live?

Wow! the site looks marvelous! If I could vote for it on ltcglobal I would do it!

Good job!

I guess I dont deal with same offshore banks than Mtgox. Mtgox is registered in Japan as far I know so it could be more related to that than to their banks imo, anyway it add to them some problem about that. Then Yes most of bank act like this, but if you read again my post you will fin out that I quoted I dealed with many banks and also know what banks and country are more or less agressive about this. I could give you some name of banks where you can receive a wire of 200 k usd without any bill, identity of the sender, or any documents. There is many kind of banks and regulation are differents in each country.

I don't see BTC-e requesting any verification. Why? because they are not registered as company. Crypto-trade will be registered but offshore in an country where exchanges are allowed without so many complications.

The more info you put out there, even if it is sometimes repetitive, the more people will understand things.

Keep in mind, the bitcoin community suffers from a very very large amount of fraud. You saw the accusations from your other security.
Everyone (or the smart ones) are very skeptical of things.

In this case you have a site that is still in the works, with a domain less than two weeks old, that is not in-itself a registered business yet, and asking people to invest hundreds of thousands of dollars into it a month before launch, and 2(?) months before returns. (Yes, you will launch regardless of the number sold.)

As someone said before, people are just afraid (regardless of reputation, Pirate had a great one) that the money will either a. just be taken, or b. the launch fails due to poor positioning, planning, efforts, etc.
This is why people have questions and are giving the strip search.

In the end you profit in-pocket for any shares sold regardless of if it fails. If the first 20k shares sell, then that is about USD $160,000 currently.
Not bad for what appears to be a month of work. (Or less)

You could even then sell it as a turn-key exchange. This would leave the shareholders holding the ball and stuck with whoever buys it, and your team has pocketed even more money.
So no matter what happens, it is win-win for you, just not the investors. Of course, the better scenario for both is if it works out and rakes in a ton of profit.

Actually, you should write a clause in the contract of money distribution if the company sells, and what documents must be made public to prove it.
(Not that a sum could be paid on the side. There is always room for scam accusations no matter how hard anyone tries.)
Also perhaps some sort of minimal value requirements to be able to sell?

Speaking of fraud, can you share your AML / KYC requirements?

There are just a lot of things for people to consider in this kind of situation, and you need to be ready to answer them. Good answers get great results!

Total shares 50 000 representing 50% of right on dividend. The other 50% are not issued in share and cannot be on public market. Never more than 50 000 share will be issued.

Other numbers are right according our estimation.



Avalaible currently Okpay, Solidtrustpay, Libertyreserve, Perfectmoney, Bank Wire SWIFT,  and other can be done quickly. We are a registered company and can provide all kind of documents any payment processor will request us. The list on home pag actually is smaller than all we have in head.

Display purpose is like an expression, telling most features are not enable but will be present on the final website. In fact much more will be added than you see actually and nothing will be deleted ( In term of features)

For market mover, arrangement with miners and so I'm working on it already.

Last thing about estimation, we made an estimation on btc-e example but at end we will offer much more features I cannot revelate now to avoid any competitots to add it before we launch our website. People would say we copied when we had idea for such or such or simply listened wish of big trader before the launch, making this website owned by the communauty and thought by it also.

Thanks ukyo for exposing some optimist in your post that motivated me back to handle all questions. In fact I have no problem with questions I just can feel when some post are oriented with a bad mind already and I know my reply will be useless for the poster, but will at least give informations to next readers. So yes it can be a bit irritating sometime when people got you wrong or see bad intention behind you when in fact there is nothing hided. Thanks for understand me and said thanks for the motivation back for tonight

Ok I will reply your questions one by one but most of reply are available already

1. Only investors can reply himself this question, seeing the demo, the team under the project, the potential or risk... This question cannot also be replied by myself I think.

2. The team is composed of many people to create this project but we will be at end 3 managers. Me, the other shareholder of koddos being he main koddos manager for all technical part. He manage actually a team of some people mainly on server and DDOS Protection thread. The third manager is the main develloper working on this project also manager of 3 other people working with him on the script and Design.

3. We will offer 0.2% fees on transaction actually same than BTC-e and being the lower of market. A special status VIP status will be given to trader with high transaction ( it will work a bit like mtgox decreasing system fees but with only on status passing you fees at 0.15%) The platform available will be one of the most develloped and will include some unique features. We will accpet much more deposit or withdraw options than btc-e being a registered company also being able to deal more efficiently with Banks, and online payment processors. I'm also experienced already and have some good relatiosn with banks which will help me a lot in this mission, as dealing with btc isnt same than most other business.

The IPO itself should also help in the promotion of this project, people talk, debate, are angry for a higher price than they would... All good professional in Marketing will tell you that a polemic 1 month before a launch is free and good promotion.

As we quoted many time we are owne of a company bringing us already 50 000 usd per month of profits. Supproting avertising of this projects isnt really a problem then. I hope you will understand i won't disclose now where I will display banners or how I will manage the advertsing campaign for business purposes.

4. I can cover all cost of launch and more without to sell one shares as I said many times. I'm actually 50% shareholder of koddos, so my peronnal revenue monthly just for this business ( does people allow me to keep some privacy, yes I have other business online than hosting...) is 25 000 usd actually and I have a big salary since now a while. Well I and my partner on koddos have some liquidity, assets....Which cost much more than the total of this IPO. That's easy to check, the only profits of koddos for the year of 2012 is more than thi asset. I'm not quoting the actual 450 k of harware we own....and the 100k or like we spent to setup our full network...Well scalability question has been replied I think.

I said our site have a greater potential than vircurex who sold like 8% of his company for 2500 btc recently. About satoshi dice I didnt say we have a greater potential even if could be possible but that another story where the price for 10% of a small business is sold for some millions usd...
That's why I quoted this both example, no offense to them just some comparaison help usually to make a choice.

Hey Neo,

I think you could just remove the 'partner' text and put 'Bitcoin Forum'. That should work out I think.

You mentioned that the payment processors are just for display purposes.
Can you tell us what payment methods you have available currently?

It would be nice to know what things on the site are 'for display purposes' and what are real for the site.

Do you have any market movers already signed up to be able to provide liquidity to start the platform to trade?

I know people are asking you a lot of questions and it can be tiring, but that's okay, it is a good thing. That means they are interested, and making more people interested.

This is a product, and you have to sell it.
People want to know if they throw their BTC at you (when BTC is at a 2yr high and may go higher) that it is a better investment than sitting on it watching it go up. (and down)
They want to understand why your site will be so great that people will choose it over others and what your plans are to make that happen.

"Confidence is key." We are all just trying to help make the IPO a success.

According to your numbers,

- Total shares 100.000 (50.000 held by you, 40.000 sold in btct and 10.000 in ltc-global)
- Initial shares prices = 0.2 * 20000 + 0.25 * 10000 + 0.3 * 10000 + 0.35 * 10000 = 13.000 BTC ($45 per BTC = $585.000)
- Estimated monthly profit = $25000 (which is the same as an already stablished competitor, seems pretty optimist)


let me make some math:


- Montly dividend per share = $25000 / 100000 = $0.25 ($45 per BTC = 0.00555555 BTC)
- Montlhy profit per share at 0.2 BTC = 0.00555555 / 0.2 = 2.8%
- Montlhy profit per share at 0.35 BTC = 1.6%


Could you confirm that numbers are right ?

I notice you're selling shares at .2BTC, that's a typo right. I'm sure you must mean .002?

Before investing in an IPO, a good investor looks at a few things to analyze risks:

1. Is the product / idea good enough?
2. Is the team capable?
3. Do they have a good plan to attract new buyers and bring in more revenue?
4. Is the whole venture scalable?

You have not given satisfactory answers to any of them. All you have said is if the site becomes as popular as btc-e - then the dividends will be pretty good. But there is a big IF over there. And you've not given potential investors any kind of a clue if your team is capable of achieving that or if you have a marketing plan to achieve that.

You say your site has the "potential" to do better than vircurex or satoshi dice, but when asked to explain how you will unlock this potential, you clamp up.

You need to do a better job than this. You have to expect hard questions when you don't have a track record to show off for the venture - when the venture is still at development stage and its not been launched.

I will repeat it only one time more : Even if we sell 0 shares the site will be launched. Then I don't think that try to explain more our motivation worth it. You have your opinion that's your right.

I'm starting to be bored to read, only demo...Then where are your projects guys ? Its so easy to setup blabla yes we all know but so where are all your projects? At least I'm trying to do something...and offer much more potential profits than vircurex or satoshi dice price/dividend ratio.


I could explain all the marketing plan but I dont wish to do it for now. I could also make the script we are coding opensource and so anyone coul open its own trader...and i could even give 50% for free of futurs profits. It is irony which mean I dont actually want to elaborate publically my marketing startegy, at least no more than what i already develloped in contract or in forum. I wish to keep some part secret like any businessman who like to protect his future business.

Management team will be composed of 3 people, I also explained this previously in this thread.

Because that way they make up to a few hundred thousand USD even if the site never works.

Making the web-site is the easy bit.  Sorting out fiat deposits/withdrawals and attracting a customer base is the hard part.

To get same volume as BTC-E they not only have to take a large part of BTC-E's business but also take some BTC/USD custom away from MtGox (or draw in a bunch of new trade not currently using exchanges at all).  I see no information on how this is going to be done - just a demo website, the visible part of which could be knocked up in under a day by a competent web-designer.

I'd like to see a new strong competitor to BTC-E myself - but i'm not a big fan of vaporware IPOs.  I struggle to think of a single BTC website-based business which sold shares before having any customers then ended up doing well for investors.  The few that have done well (for investors) waited until they were operational and had some sort of respectable trade before selling shares.

ANY sort of plan would be nice to see - not just "we'll build a website and make lots of money".

The approach of "I'd like to do something for the community - so please send me money" is getting rather old now, as well as being overused (by pretty much everyone asking for funds for something that doesn't actually exist yet).  They're all doing it for the community - not for the funds going into their pockets even if the project fails.  None of them need the money - it's just an unfortunate side-effect of them helping the community that everyone has to send them it.  Does ANYONE actually believe that?

I still don't get why the IPO is 3 weeks before the website launch and 7 weeks before the first dividend payment.
If you would start selling on April 2nd it would still be risky since no ones knows if people move from btc-e to Crypto-trade.

Could you please talk about:

- your marketing plan. How do you plan to become as big as btc-e?
- your management team. What can you share that shows us you are capable of handling a project of this nature? What skill sets does the team possess. What skill sets are lacking and you'll have to hire other employees and consultants?
- your growth and scaling plan.What are the milestones you are working towards? What metrics will you be tracking besides total profit?

Basically, all I can see is that you have a good handle on the production part. But you also need to let us know about your marketing and management plans.