Topic: [Cryptostocks]COIN Coinex.io they just removed all traces about there offer @ CS - page 2. (Read 2996 times)

A later version of there contract here


"Ticker   COIN
Name   Coinex-IO Inc
Listed on   February 17, 2014 22:33
Owner   [email protected]
Fee surcharge [%]   0.2%
Shares issued   50,000
Shares held publicly   227
Total dividends paid   0.0 BTC
Web page   http://coinex.io
Security type    Shares
Rating   White
Description:   
Coinex-IO Inc (Coinex.IO)
Making the electronic currency industry accessible and profitable for everyone.


OVERVIEW

What was once a profitable experiment is now a resourceful project.

Coinex.IO is an electronic currency company with an aim is to provide stable trade and investment opportunity in a volatile marketplace.

We've supported our first round of mining payouts, and we are now focused on building out private user account access, market analytics, an exchange for "shares" of hosted mining hardware, and the next generation of mining machine.

Our hardware+net “shares" uniquely increase in value over time to combat the effects of depreciation, and other significant bearish influences, in accordance with Moore's Law. This fixed rate of increase lasts only as long as it is sustainable; after which, a best-effort attempt is made.

If its electronic and touted as a currency, we want to know about it and find innovative and profitable ways to automate, monetize, and deliver newly developed strategies to our customers in the form of clean, lawful, and user-friendly commercial services.


THE TEAM

Coinex.IO's President and CEO has more than fourteen years experience in both software engineering and business administration. He has worked on several artificial intelligence projects requiring machine learning algorithm development and implementation. Machine learning is a very necessary part of the company’s automation strategy.

Heading up project management is our engineering partner.

Heading up datacenter and facilities development is our core datacenter partner.

As a company, Coinex.IO works in the fields of financial services, cloud hosting, big data storage, e-currency clearing, e-currency systems design, systems programming, e-currency exchange trading, money transmission, electronics engineering, and computer automation.


PARTNERS

Coinex.IO prefers partnership with local companies to provide the best possible pricing in the electronic currency industry.

Coinex.IO has partnered with a local firm offering software engineering, marketing, design, automation, systems development, technical infrastructure development, software deployment, and electronics engineering services. 

Coinex.IO has also partnered with two local datacenters offering solutions for electricity, cooling, and specialized facility storage.

Development Firm: ***
Progressive Datacenter: *** (Coinex.IO Operated)
Core Datacenter: ***


TRADEMARKS

Coinex.IO           Coinex-IO
Coinex.IO LLC   Coinex-IO LLC
Coinex.IO Inc     Coinex-IO Inc 


GOVERNMENT COMPLIANCE

Coinex.IO is currently FinCEN compliant but has paperwork to complete by April 30 in order to remain in compliance.

Coinex.IO is working towards compliance as a money transmitter business within its governing state as quickly as is reasonably possible.

Coinex.IO is preparing documentation as required by the SEC prior to a transfer of private fee shares from Coinex.IO LLC to corporate common stock in Coinex.IO Inc. The completion and acceptance of this documentation will allow the company to trade securities of common stock in accordance with federal regulation.

Coinex.IO Inc has been assigned an employer identification number and has been registered with the State of Washington to change the company formation from LLC to Inc. as a C-Class Corporation.


PUBLIC PRESENCE

When we initially began branding our own company, things had to be done very quickly. We were much more focused on code than looks. The end result is what can now be seen online in phase I at http://coinex.io. There’s not much there.

QUICK WITH ACCIDENTAL FLARE

The logo came out as seen in the following figure. It’s not the best, but it worked for the initial release. The piece of flare seen in the stroke the swishes slightly into the larger outer circle was actually caused by a glitch in the design program being used at the time. We went with it.

As soon as we had an opportunity to play with different ideas, we took advantage of it and began looking ahead to future phases where new design and branding could be successfully implemented.

http://coinex.io/images/publications/cryptostocks/2014-02-20/oldlogo.png

SOMETHING NEW

In the following figure, you’ll notice the fruits of that patience. We brought our engineering and design partner in to begin rebranding and working to take our little company to the next level from technological, Internet marketing, and interactive design standpoints.

http://coinex.io/images/publications/cryptostocks/2014-02-20/newwork.png

This design will be making its debut in the streets of Seattle next week to raise awareness on one of the world’s thickest business cards. The newly branded design was briefly introduced on the Coinex.IO Facebook page earlier this week in an attempt to get customers excited for the new upcoming site launch.

Great design like this puts the right face with our name. We’re proud to be an electronic currency company.

The new site is scheduled for launch March 1st, 2014.


PROJECT PHASES

The timeline above represents the ten phases of the Coinex.IO project that have been discovered to date. Phase I is complete and currently live at http://coinex.io. Unfortunately, it’s more of an iceberg when looking through that basic and shallow interface. Full details on Phase I can be found on the following page.

Phases II, III, and IV are in progress. Phases II and III are scheduled for delivery on March 1st, 2014. Phase IV is scheduled to be delivered April 1st, 2014.

It’s understood that this is a very aggressive timeline, but it’s manageable. Amidst the competition, we’re better for the short-term rush and long-term gains. Our engineering design and dev partner is instrumental in helping us achieve this goal.


THE MINE - PHASE I (RELEASED JAN 13, 2014)

Following more than 200 electronic currencies, we have a cluster of sharply aware servers that monitor fluctuations to the second -- or as often as exchange API's will allow. Our system automatically directs mining machines to the top 5 most profitable currencies with a 5% effort against currencies that are not yet exchange traded or have low-yield to cover a small margin of chance.

We provide stability by offsetting volatile markets through high-volume wall-backed — low value — electronic commodities, holding large sums of many currencies with the greatest differences of exchange rate, and by holding a “chance margin” in 5% unlisted commodities. Eventually, currency reserves will be able to control exchange rates against Bitcoin on multiple international marketplaces by injecting currency and trading volume to control levels of supply and demand, thus controlling the rate of exchange.

The majority of electronic currencies mined use more complex proof-of-work (POW) algorithms. Making up the large majority of these are Scrypt-based currencies. The Coinex.IO platform rarely chooses any SHA-based currencies to mine against. By working more with complex currencies at varying levels of difficulty, many of Bitcoin's mining volatility issues are inherently resolved.

Every time a customer makes a purchase, their purchase allows the company to expand 150% on the cost of goods sold.  When a customer decides to get their money back out of the system, they will either sell on our hardware+net share exchange (not yet implemented) or request buyback from Coinex.IO.

The Coinex.IO platform makes informed electronic currency (virtual commodity) trades automatically through the most profitable exchange possible in any given month of service taking into account any loss incurred from exchange and transfer fees. Profits are returned to Coinex.IO and its customers by percentage of ownership in the mine after passively paying Coinex.IO for costs of maintenance, housing, and power.

Coinex.IO maintains a 36% stake in its own mining operations.  This provides liquidity and a sizable profit for reinvestment.

CHANCE HOLDINGS

Coinex.IO follows more than 200 electronic currencies including several not yet listed on any exchange. Our most recent addition was Olympic Coin for which we now hold a stockpiled reserve. 5% of our efforts are dedicated to stockpiles of diversified electronic currencies within a range of chance and acceptable risk. This calculation is provided as a service of the Advanced Auto-Exchange.

ADVANCED AUTO-EXCHANGE

Sophisticated computers, capable of exchanging more than a hundred of the currencies Coinex.IO follows, are a part of the existing Coinex.IO platform and infrastructure. These computers watch the market for trends and apply a series of proven pattern matching and risk analysis algorithms to make informed trade decisions that tend to add roughly 19% to the bottom line.

The primary goal of the auto-exchange is to determine the most profitable path from commodity production to legal tender. This systems secondary goal is to provide analysis and exchange service for commodities in holding, which are often electronic commodities not yet listed on surveyed exchanges.

By tracking sentiment through various news outlets, forums, and social networks, the system assigns perceived value to commodities in holding whether they are currently exchanged or not.


SECURE ACCOUNT ACCESS - PHASE II (MARCH 1, 2014)

Currently, Coinex.IO customers view an all-encompasing dashboard available on the home page at http://coinex.io. We have engineered, and are in the beta testing phase, of our secure account profile service. This service introduces a method for secure login and access of private account details unique to each customer.

This phase also introduces a new publicly facing website, which provides user-friendly details of the mining service (The Mine) provided by Coinex.IO. In the future, this publicly facing website will include user-friendly details of any new product or service offerings.


SECURE PAYMENT - PHASE III (MARCH 1, 2014)

Currently, Coinex.IO customers pay online after receiving an invoice via e-mail. We have engineered, and are in the beta testing phase, of our secure payment service. This service introduces a method for prospective customers to create a Coinex.IO account and purchase services online without the need for interaction with Coinex.IO personnel.


HARDWARE+NET SHARE EXCHANGE - PHASE IV (APRIL 1, 2014)

As soon as private user accounts come online (due March 01, 2014), we turn our attention to the development and implementation of a new Hardware+Net Share Exchange. We will take CEX.IO's place and improve on their model where they failed by providing hardware+net shares that increase in power over time as hardware becomes less expensive and performs more efficiently.


THE PLATFORM - PHASE V (MAY 1, 2014)

This is the most exciting phase for Coinex.IO. The Platform is a scalable multi-tier architecture providing pluggable endpoints for fast and effective transactional communication. Using common API technologies that software engineers are very familiar with, we plan to extend our reach vastly by cleaning up the API we built as a foundation to our initial and future phases. Once pristine and perfected with better than bank level security, we will release our API to the world in the form of JSON web services and detailed documentation.


E-CURRENCY MARKETPLACE - PHASE VI (MAY 15, 2014)

Using core technology set beneath the Hardware+Net share exchange, we build a marketplace where registered users are able to buy and sell electronic currencies. The electronic currencies we will list include all that we mine; that’s more than 200 currencies at the launch of this phase.


HASH GATEWAY - PHASE VII (JUNE 1, 2014)

Much in the way CEX.IO did for Bitcoin, we will open a multi-coin pool that users will be allowed to join. When adding any worker (computer host node) to the pool, that worker is keyed to the user’s account and adds to a separate bank of hashing power. This will allow our users to mine everything we do without the complexity of setting up all the different types of coins, algorithm support, and server hardware.


HARDWARE+NET SHARE EXCHANGE - PHASE VIII (JUNE 15, 2014)

As soon as private user accounts come online (due March 01, 2014), we turn our attention to the development and implementation of a new Hardware+Net Share Exchange. We will take CEX.IO's place and improve on their model by providing non-depreciating hardware+net shares where CEX.IO failed. Coinex.IO H+N shares increase in power over time as hardware becomes less expensive and performs more efficiently in accordance with Moore's Law.


HASH TAP - PHASE IX (JULY 1, 2014)

Coinex.IO will provide the platform that 3rd-party mine hosts will use to rent their hashing power at fair market value.  The platform will provide a clean and easy-to-use interface for both providers and renters. Renters will be able to direct mining efforts as they see fit.

The platform will regularly verify provider hashing rates, availability, and reliability, which will allow mining hosts to rent their hashing power in a separate market within the same Coinex.IO platform. Users will be able to easily choose whether to have their rented miner work through Coinex.IO's platform or select their own mining pool from a validated list for security and ease of use. 

Coinex.IO will use this platform to rent 20% of mining resources acquired 1 month prior to the launch of this service, which will not be sold and will be maintained in anticipation of this service's launch date. This is in addition to the 36% stake Coinex.IO holds of The Mine up to release of the Hash Tap service. Coinex.IO will allocate 20% of new hardware to this platform thereafter.

The acquisition and registration processes have already begun for resources relating to this future service offering.


PHASE X

Phase X will open a brand of business services with the launch of an e-currency industry-friendly payment processor and electronic currency clearing house.  Both services will be combined in a single offering, which will be known to customers as "Clearing House", a branded service offering by Coinex.IO.

Clearing House will maintain a stockpiled and diversified reserve of several hundreds of electronic currencies, offering them in exchange for legal tender.  Legal tender will be accepted via e-check, debit card, or credit card in addition to any of the Clearing House's electronic currencies.  Merchants and financial services companies will be allowed, after approved validation, to transact volume quickly and efficiently with minimal service fees.

Coinex.IO deeply believes that this level of service offering will be the bridge between paper/coin currencies and electronic commodities until the latter are more widespread and generally acceptable forms of payment.


SERVICE POTENTIAL

Coinex.IO's contract mining service will not be the only service offered by Coinex.IO as seen in the above phase descriptions. Coinex.IO will be the center of an expanding family of platforms and service offerings providing convenient platforms for merchants, exchange trading, financial clearing, mining operations, and other services aligned with the company's primary objective to make the electronic currency industry more profitable and accessible for everyone.

The Coinex.IO platform is currently planned through nine total project phases. As of yet, we have seen the total and successful completion and implementation of Phase I. Phases II and III are closely following. All phases introduce or open doors for new methods of capitalizing on the electronic currency industry from within the ever expanding reach of the Coinex.IO platform.


GROWTH STRATEGY

Coinex.IO uses revitalized funds from customer purchases of hardware+net shares to buy into new eras of technology as a company. This is necessary to make ongoing research and development possible while simultaneously adding resources to the Coinex.IO platform's pool of service offerings.

The company is working in the science of field programmable gate arrays and application-specific integrated circuits, which are already opening doors to new opportunity for the development and acquisition of mining machines requiring less electricity and providing more mining power per expense dollar.  This process has already proven to be instrumental in the development and implementation of Coinex.IO's ongoing infrastructural improvements in the class of those already delivering value to Coinex.IO customers.

COST CUTTING

Built into The Mine’s system of corporate earnings is an incentivized process for reducing overhead costs for both Coinex.IO and their customer. When costs diminish and profit improves, the maintenance fee increases at a rate of 10% of profits. Insurance coverage is taken out of this amount to deduce corporate profits from maintenance fees. Therefor, it is imperative that Coinex.IO reduce costs as much as possible.

To reduce costs, Coinex.IO will focus on two key components: reducing electricity costs and consumption per unit of compute work, and reducing the physical amount of space required for each mining unit. By investing in ASCI and FPGA technology, we can achieve both in the long-term. In the short-term, we continue to improve on existing methods as often as possible.

Each time Coinex.IO begins work on the next phase of equipment and strategy development, the company seeks to improve on products and services previously offered. In addition, the company finds innovative ways to allow loyal customers to profit from new development. To prove commitment to the strategy, Coinex.IO's most recent hardware addition to The Mine added 10% efficiency, lowered power consumption by 8%, and lowered the price per volt-amp of power by 11%.

Fund raising will help kick off the remaining phases in the project. Significant effort has been put forward toward phases II and III, but our budget is right on the edge.

36% of the mine is maintained for Coinex.IO, but there’s only a 33% margin on mining hardware sales. The remaining 3% is dependent upon revenues from The Mine in order to allow us to move up to the next step. So far, revenues on The Mine are approximately 14%
The remaining 11% goes toward paying for engineering talent, datacenter fees, and in-house research and development.

CONTRACTORS

Coinex.IO is an entirely automated company. All core engineers are therefor being hired as contractors to allow for long-term gain. Coinex.IO expects to hire within the next 1-2 years for a very small staff who will add long-term value to the company.

THINK TANK

Currently, Coinex.IO consists of 10 project phases.  Phase I is complete.  Phases II and III are scheduled for launch on March 1st, 2014.  By brainstorming, and considering all possibilities, we introduce new phases to the project plan that take unique advantage of technical aspects of electronic currency to make the most profit possible in a relatively stable context.

We also produce methods for lowering costs, decreasing amounts of work required to reach an end goal, and invent or apply superior software development and electronics engineering methods to existing systems to get the most out of every unit of automated work.


PROFIT

Coinex.IO seeks profit from multiple perspectives in every phase of the project.
Profits for Coinex.IO are primarily introduced by the 36% minimum hardware+net share reserve maintain by the company.

Coinex.IO seeks profits on passive fees charged for the service of hardware+net share maintenance, which is passively and visibly charged to customers.

Future phases each come with new profit strategies. In Phase II, private account information will encourage customers to buy. Phase III provides a zero-personal-interaction method for making purchases. In phase IV, Coinex.IO profits from exchange fees. Phase IX provides revenue in both a trickle-down intrasystem effect and a percentage based fee for platform services on the provider side.


SOCIAL NETWORKING

You can get the latest news and updates for Coinex.IO on the following networks:
Twitter: https://twitter.com/coinexio Facebook: https://facebook.com/coinexio
Investors may also check our website at: http://coinex.io


CORPORATE STRUCTURE

Units offered: 10,000
Units reserved for alternate exchange: 10,000 Units privately held: 30,000 Total units: 50,000
Offering price: 0.02 BTC
Total BTC to be raised: 200 BTC
Total company valuation: 1000 BTC

Each share represents 1/50,000th of the total profits of Coinex.IO.

An additional 5,000 share public offering may be sold on CryptoStocks.com at a later date.

INITIAL FUND ALLOCATION

140 BTC of the initial funds will be kept in our bitcoin reserve, used to pay for improved mining hardware, ongoing project development, employee wages, taxes, and as funding to cover ongoing research costs. 30 BTC will be applied to other investment options on CryptoStocks.com to further stabilize the position of Coinex.IO. The final 30 BTC will go towards paying any costs incurred as a result of working through CryptoStocks.com; any remaining funds will be redirected to the bitcoin reserve.


PUBLIC OFFERING

To face competitive conditions and decrease time to complete development of project phases, Coinex.IO is offering 10,000 of 50,000 dividend-yielding common shares (ticker symbol COIN) at a price of 0.02 BTC per share.

Coinex.IO common shares will be offered and administered on the CryptoStocks.com exchange and one secondary exchange. Each share represents 0.002% of all profits belonging to Coinex.IO. This does not include profits held on behalf of any other person, group of persons, or entity. Up to 80% of the company’s total profits will be paid in monthly dividends to investors. The other 20% will be reinvested in the company.

The first dividend payout on common shares will be issued March 1st, 2014 and once each month thereafter for the life of Coinex.IO and for as long as Coinex.IO hold profits for itself above 20% of total costs."