Topic: [GLBSE] REBATE official thread - page 9. (Read 14362 times)

I am very happy to see the site finally up and running
I am trying it out now and it looks like a very neat site Currently getting 1.5% discount on my BTC
//DeaDTerra

Looks good

My apologizes for the long delay, http://(malware) released. All feedbacks welcome. Thank you !

Thanks DT looking forward to release!

Subbed.

Hey guys,
Sorry for the long time without a update. But here's possible something to cheer you up
The main developer is working again on Rebate and he's now finishing up the project he's about 95% done, so we can expect a finished product in a couple of days. If everything goes well then the dividends should start rolling in next week.
//DeaDTerra

Any progress been made in the last few weeks ?
Ive noticed the site has been down for a while and is now back up which is good to see somones working on it.

Good News everyone!
JRO (the Issuer) has gotten to his senses again, Rebate,ZIP.A and all other BDK/JRO ventures will function as normal until the switch to Hermes. Dividends will be paid as usual and trading will be open as usual. When Hermes is ready the share holders will be asked to switch, until all share holders have switched dividends will still be paid on GLBSE

//DeaDTerra

Rebate will soon be moved to the new exchange Hermes
for more info check: https://bitcointalksearch.org/topic/m.928697
//DeaDTerra

Indeed which is why it's already live on GLBSE
I have already explained why no official thread was up from the start.
//DeaDTerra

Indeed, it's not yet open for public, it's in private beta for now. The developers has put Rebate on the back burner for a couple of more days before Kronos is out once Kronos is out they will finish of Rebate and launch it
//DeaDTerra

...which was also 5 days ago.

as i understand, it's not open for public yet.  private beta invites only or something in that nature

When I go to the "how it works" on your bitcoin rebate site, there is nothing there? 

Hahah yea, sorry. It was rescheduled to the 21th of May
Will do
//DeaDTerra

May 14th 2012? That was 12 days ago lol
You should include a link to the asset page in GLBSE.

Keep in mind it's a rough early estimate
//DeaDTerra

wow 20%

 

Hello, I am sorry that there has been no official thread so far JRO the owner of Rebate has not had time to post one as he has a lot to do with other projects, Kronor etc. So I have been asked to take over with the Investor relationship. So if there's any questions or concerns I will do my best to answer them!

General Information
Name: BitcoinRebate Preferred
Summary: BitcoinRebate brings arbitrage and penny auctions together in a new, exciting and  most importantly, a profitable way. BitcoinRebate leverages ZipConf to instantly deliver player Bitcoin to multiple exchanges.

What is Rebate?
(malware) is a blend of penny auction and arbitrage. Users bid on blocks of 10 bitcoin (powered by ZipConf) arbitrage opportunities against other players in 30 second windows. Under the hood, BitcoinRebate is a powerful arbitrage engine that uses ZipConf to provide instant execution and liquidity among all supported exchanges.

What will the capital be used for?
The capital raised from the initial IPO will primarily be used for aggressive marketing and ongoing management, systems maintenance as well as further development of the underlying technology.

How do I invest in REBATE preferred?
We will be offering preferred shares in an IPO at GLBSE (BitcoinRebate Preferred) .The initial share price is 0.2 BTC per share. we will pay monthly dividends of 50% of the company profits from fees. This offering is for 25,000 shares. Out of these 25,000 shares, 10,000 will be held by management, founders or sold during the pre-IPO.

What are the estimated profits of REBATE?
The current estimated profits are 2000 BTC per month, by the second month of operations, which is equal to 1000 BTC in dividends owed to the outstanding 25,000 preferred shares. This corresponds to an average of 0.04 BTC per share, or a 20% monthly return relative to the face value of the preferred share.

When will the profits be paid out?
Dividends will be paid to preferred shares on the 1st of every month. In the case that the dividend can not be paid out, the profits will be saved and paid out on the following payment date.

Contract:
Each preferred share has a face value of 0.2 BTC, and gives the holder the right to 1/50,000 of all fees collected by the BitcoinRebate service (“Issuer”), paid monthly (on the 1st) based on the prior months earnings. Shares have no voting rights. The Issuer has the right to terminate the asset in the event of insolvency by liquidating any company savings to pay out a final dividend. The Issuer has the right to buy back, at any time, all shares issued, for 1.2x the price of the previous 120 hour average market price.

This information and any other information needed for a potential investor can be found in this Google Document: https://docs.google.com/document/d/1XDuigEcbq5rL1RP0frrBZ2rZ65fFz1phHUgKUYROOT8/edit
In there you can also find some sneak peak of the website

GLBSE link: https://glbse.com/asset/view/REBATE

//DeaDTerra