Topic: Cryptsy Fee Shares - page 5. (Read 7807 times)
Cryptsy offers shares of the Cryptsy exchange trading fees. Cryptsy will offer 100,000 non-dilutable fee shares for a price of 0.05 BTC per share at IPO. Each share represents 0.0002% of the trade fees collected. For example, if Cryptsy collects 100 BTC in trade revenue, each share would receive 0.0002 BTC. Dividends will automatically appear in shareholders’ CryptoStocks accounts every Friday around 17:00 EST. Why is Cryptsy Raising These Funds? We are seeking capital to help us fulfill regulatory compliance and file licenses in all the US States which require us to be registered as an MSB. It is estimated that this process will require around $1M in capital.
https://cryptostocks.com/securities/57
So cryptsy is offering 100k shares where each shares gives .0002% of fees to the shareholder
So cryptsy is offering 20% of total shares for a total of 5000 btc
Valuing the site at 25k btc which is around $5M
What do you guys think?
Cryptsy says it will take $1M in capital for all licenses in all US states.
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Also, another site MCXNOW has feeshares. Currently going for .65 btc per feeshare but they offer .001% fees per share which is 5x more than what cryptsy offers per fee.
MCXNOW's volume is also much higher than that of cryptsy
It remains to be seen whether cryptsy shares will be worth it. Also, I suggest them to trade the shares on cryptsy.com itself too, in addition to cryptostocks
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