Topic: Exchange for sale - Coinnext (Read 5191 times)
This auction is closed since the 22nd of June, the exchange as offered in OP is no longer available for sale. The source code stand-alone can still be purchased for non-exclusive use at a lower price in private, however we will never sell or auction this offer publicly after this point. Thank you all for the interest.
read threw the post he called it off long ago
Starting bid: 10 BTC
Buy it now: 50 BTC
End date and time: June 30th
Payment methods accepted: Bitcoin / Litecoin
The person who refers us to the final buyer is offered 10% of the selling price. So if you know someone who might be interested, let them know.
I am confused. Is this auction ending on June 30th? Or June 22nd?
The OP says that it ends on June 30th.
If this auction is still on until June 30th. Here is my proposition.
I bid 10 BTC. I require that I own exclusively the source code, and I can do what I wish with it.
If I get the source code, the exclusive rights, and the github account for this source, the domain "coinnext.com", the website, the customer base, the current transactions, etc. Based on these conditions, my bid for 10BTC is good. We must use btcrow.com for the transaction. (I will pay for escrow fees)
I wrote the author of this post and we had some negotiations going, but I haven't heard back from them yet.
So this is my public offer. Please PM me to settle up.
Don't worry dude, It can be done. I wish more people were supportive on this board and gave word of advice and not make it sound like it could never happen. Apply for a MSB find a company you can umbrella under for your MST's and you will be fine.
The problem is how would he find a company willing to do that?
Sorry to read your site will be closing soon. It looks like a great site. I hope you can sell it at the price you are asking for. What will be next? Do you already have plans?
Im in it for the long term. Even if 2BTC is all of the trading volume I get, it would be roughly as profitable as a ASIC miner.
But beyond just the exchange part of this, I have developed an idea to expand the purposes and usefulness of a platform such as this.
But beyond just the exchange part of this, I have developed an idea to expand the purposes and usefulness of a platform such as this.
Don't worry dude, It can be done. I wish more people were supportive on this board and gave word of advice and not make it sound like it could never happen. Apply for a MSB find a company you can umbrella under for your MST's and you will be fine.
I am not normally a debbie downer but this is just not a profitable business to get into. Especially if you want to accept fiat deposits. This exchange which had a decent team behind it and nearly 2000 users wasn't able to break 2BTC daily trading volume.
Don't worry dude, It can be done. I wish more people were supportive on this board and gave word of advice and not make it sound like it could never happen. Apply for a MSB find a company you can umbrella under for your MST's and you will be fine.
Ya I have no intention on breaking any laws. I pay a pretty good lawyer for advice, and I have just learned a few things that I need to run by him. But I think with the capital that I have, and with the right adviser, this could be a good thing.
Crypto is still in its beginning stages, there is a lot of room for new services.
Crypto is still in its beginning stages, there is a lot of room for new services.
There are a few things that will help in this process. I will reveal some of the legal avenues that I have discovered soon, after I meet with my lawyer.
In my opinion, healthy competition is good for everyone!
In my opinion, healthy competition is good for everyone!
Im sorry, but there's no shortcuts when running a fiat exchange and accepting US customers unless you want to be shutdown. I wish you the best of luck, but I will still be using crypsty and mintpal as my 2 exchanges as they have proven they are legitimate exchanges, and already have great liquidity. If you can accept forms of fiat (such as paypal, voucher codes etc) instead of traditional banking, I would use your exchange as I try to avoid banks as much as possible
There are a few things that will help in this process. I will reveal some of the legal avenues that I have discovered soon, after I meet with my lawyer.
In my opinion, healthy competition is good for everyone!
In my opinion, healthy competition is good for everyone!
I got a reply from the OP. I have passed on this deal. If the code were open source, I would have been more interested and I would have continued to negotiate on a price. But being that the source is not open, it is too risky and difficult to maintain.
I need to be able to hire my own developer to inspect the code for leaks, or unauthorized gateways, and I need to be able to have my own developer maintain the site for me. I don't trust third parties.
If there are any developers out there that want to work on this with me. I need an exchange platform that deals with fiat deposits and withdraws, and has the ability to add alt coins on the fly. I am working on the legal stuff right now.
Thanks!
I need to be able to hire my own developer to inspect the code for leaks, or unauthorized gateways, and I need to be able to have my own developer maintain the site for me. I don't trust third parties.
If there are any developers out there that want to work on this with me. I need an exchange platform that deals with fiat deposits and withdraws, and has the ability to add alt coins on the fly. I am working on the legal stuff right now.
Thanks!
Goodluck with the "legal" stuff if you want to accept US customers in all 50 US states, Crypsty is running into problems getting it done. If you want to spend 6 figures on getting an exchange up and running that accepts fiat, kudos to you, and hopefully you make your money back, but you would have to convince people to not use any of the competitors that they trust and have been using since alt-coin exchanges became a thing.
I got a reply from the OP. I have passed on this deal. If the code were open source, I would have been more interested and I would have continued to negotiate on a price. But being that the source is not open, it is too risky and difficult to maintain.
I need to be able to hire my own developer to inspect the code for leaks, or unauthorized gateways, and I need to be able to have my own developer maintain the site for me. I don't trust third parties.
If there are any developers out there that want to work on this with me. I need an exchange platform that deals with fiat deposits and withdraws, and has the ability to add alt coins on the fly. I am working on the legal stuff right now.
Thanks!
I need to be able to hire my own developer to inspect the code for leaks, or unauthorized gateways, and I need to be able to have my own developer maintain the site for me. I don't trust third parties.
If there are any developers out there that want to work on this with me. I need an exchange platform that deals with fiat deposits and withdraws, and has the ability to add alt coins on the fly. I am working on the legal stuff right now.
Thanks!
Everyone is going to tell you the same thing they have told me, since I suggest the same exact type of exchange... Markets flooded, the market resistance is to strong.
While do not agree that is the majority of the board member opinion.
I got a reply from the OP. I have passed on this deal. If the code were open source, I would have been more interested and I would have continued to negotiate on a price. But being that the source is not open, it is too risky and difficult to maintain.
I need to be able to hire my own developer to inspect the code for leaks, or unauthorized gateways, and I need to be able to have my own developer maintain the site for me. I don't trust third parties.
If there are any developers out there that want to work on this with me. I need an exchange platform that deals with fiat deposits and withdraws, and has the ability to add alt coins on the fly. I am working on the legal stuff right now.
Thanks!
I need to be able to hire my own developer to inspect the code for leaks, or unauthorized gateways, and I need to be able to have my own developer maintain the site for me. I don't trust third parties.
If there are any developers out there that want to work on this with me. I need an exchange platform that deals with fiat deposits and withdraws, and has the ability to add alt coins on the fly. I am working on the legal stuff right now.
Thanks!
Is this going to be offered again in the future?
I just saw this thread for the first time, and I am interested.
I just saw this thread for the first time, and I am interested.
Pm the poster.
Pretty sure he won't turn off a chance to sell.
Is this going to be offered again in the future?
I just saw this thread for the first time, and I am interested.
I just saw this thread for the first time, and I am interested.
As I've announced, no bids were received prior to 22nth, this auction is now closed
I been watching the site looks like someone is injecting coins into it.
Have you done any sort of automated stress testing to test the upper thresholds for simultaneous users and trades executed at one time?
Maximum # of coins, users and trades/sec. capable of being executed on what kind of hardware type of data?
Maximum # of coins, users and trades/sec. capable of being executed on what kind of hardware type of data?
I think closing it down would be a horrible waste, should just keep controlling interest in it and turn it over. If they do not run it up to par you can take it back over plain and simple. At least this way you have a chance to recoup your money instead of just kissing it good bye.
They lose money every month on it, closing down would be a sensible thing to do. More sensible would be to sell cheaper. Its better to get something than nothing.
And yes, the software etc is all worth more than the opening bid. Except that your buying a business, not a custom script. Thus you sell at what the business is worth, not what you paid for it
Your logic doesn't make any sense, you agree the software is worth more stand-alone, but that same software tested and running live/doing trades/having around 500 free visits daily/getting around 20 users daily is somehow worth less? On the contrary the software stand-alone would actually be worth less, although not by much as I've priced this auction very competitively already.
Also, we did not just buy a "custom script" as you suggest, I thought it was clear we are engineers by trade who made everything from the ground up and completely tailored to cryptocurrencies.
I think it's fair to say you are not interested AcoinLLC, you seem someone who invests in small businesses expecting a steady, mostly passive return. Running a financial exchange is obviously not something for you, it's a very serious project to take on I really want to warn people for that, this is really not something that can be approached like you do small businesses. We can argue all day about what you think is a fair price but it's really rather pointless.
To take on project on this scale, the person/business buying it would need a development team and marketing team on board.
I would jump on board if I have a team of people with me. Sadly, I don't.
Judging from various posts here, I seriously doubt you can find people with the mindset to take on project this scale. Most people here just trying to find quick buck.
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