[HAVELOCK] Dealcoin Official Thread - page 7.

TsuyokuNaritai

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Quote from: worldbridger on August 28, 2013, 12:26:16 PM

I hardly find a valuation @ $150k 'aggressive' these days specially for digital enterprises an $150k valuation is not what investors would consider 'aggressive'if you also consider the fact that I am giving away 40% of the company in the first listing with a 1% guaranteed monthly dividend…

Is that guaranteed dividend also the maximum dividend? Apparently so from your prospectus:

Quote

Dividend Policy

DEALCO will pay a 1% fixed monthly dividend in accordance with the exchange rules and practices based on the 0.01 BTC listing price (0.0001 BTC/month/unit). The dividend will begin on October 31st, 2013 and continue for a period of two years.

Prior to the end of the two year period, Dealcoin will inform DEALCO unit holders of the new dividend policy to be defined at the time.

For a start-up bitcoin company that isn't a great best-case-scenario maximum return. Sad

worldbridger

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Quote from: radiumsoup on September 02, 2013, 09:06:32 AM

so.... if this is a beta test, where do I make bug reports?

For all bug reports, please email support[at]dealco.in
Thanks

radiumsoup

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so.... if this is a beta test, where do I make bug reports?

worldbridger

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Quote from: Ninshatamoto on August 31, 2013, 04:02:34 PM

Great answer. I'm sold.

Thank you Ninshatamoto
Cheesy

Ninshatamoto

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Quote from: worldbridger on August 31, 2013, 06:47:57 AM

Quote from: Ninshatamoto on August 30, 2013, 08:59:43 PM

I like this idea, and I am definitely going to invest some BTC into this, but I have a quick question.

I love Bitcoin, but I live in an area where face to face transactions simply aren't feasible, and I don't think they ever will be.

For example, Craigslist, which is a household name, and far more proliferant than Bitcoin is not even very active in my area.

My question is this - Does your proposal do anything to help me, and people like me in rural areas where face-to-face transactions between users may not be viable?

Hello Ninshatamoto, that's a good question. We'd love to help people in remote areas access BTC trading in an efficient manner. We understand that in rural areas, proximity between members can be an issue. Cash trades are not always an option. Not all trades on Dealcoin need to be made face-to-face; buyers and sellers can choose to send money via a wire transfer or any other form of payment. Although Dealcoin does not intervene in the wire transfer of the fiat currency, we intend to offer an BTC escrow service to provide additional security to our members. If you have further ideas on to how we can provide better services to rural areas, we welcome your input.

Great answer. I'm sold.

worldbridger

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Quote from: klee on August 31, 2013, 07:56:53 AM

I plan to buy good luck in this! Cool

Thank you klee.
Cheesy

klee

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I plan to buy good luck in this! Cool

worldbridger

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Quote from: Ninshatamoto on August 30, 2013, 08:59:43 PM

I like this idea, and I am definitely going to invest some BTC into this, but I have a quick question.

I love Bitcoin, but I live in an area where face to face transactions simply aren't feasible, and I don't think they ever will be.

For example, Craigslist, which is a household name, and far more proliferant than Bitcoin is not even very active in my area.

My question is this - Does your proposal do anything to help me, and people like me in rural areas where face-to-face transactions between users may not be viable?

Hello Ninshatamoto, that's a good question. We'd love to help people in remote areas access BTC trading in an efficient manner. We understand that in rural areas, proximity between members can be an issue. Cash trades are not always an option. Not all trades on Dealcoin need to be made face-to-face; buyers and sellers can choose to send money via a wire transfer or any other form of payment. Although Dealcoin does not intervene in the wire transfer of the fiat currency, we intend to offer an BTC escrow service to provide additional security to our members. If you have further ideas on to how we can provide better services to rural areas, we welcome your input.

Ninshatamoto

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I like this idea, and I am definitely going to invest some BTC into this, but I have a quick question.

I love Bitcoin, but I live in an area where face to face transactions simply aren't feasible, and I don't think they ever will be.

For example, Craigslist, which is a household name, and far more proliferant than Bitcoin is not even very active in my area.

My question is this - Does your proposal do anything to help me, and people like me in rural areas where face-to-face transactions between users may not be viable?

worldbridger

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Quote from: freedomno1 on August 29, 2013, 11:20:18 PM

Thanks for the good and honest reply.
Bitcoin is still in it's early stages and this year is for retail development having a service available in the market before future competitors arrive will be a distinct advantage.
I will also be investing on Tuesday best of luck on your IPO.

Thank you very much freedomno1!
Cheesy

freedomno1

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Quote from: worldbridger on August 29, 2013, 07:28:46 PM

Furthermore, as more people realize the benefits of using bitcoin, more people will join our site. Since we are still in the early stages of bitcoin, I expect a regular stream of new members from all corners of the world for a long while Cheesy

Thanks for the good and honest reply.
Bitcoin is still in it's early stages and this year is for retail development having a service available in the market before future competitors arrive will be a distinct advantage.
I will also be investing on Tuesday best of luck on your IPO.

worldbridger

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Quote from: xchrisxsays on August 29, 2013, 08:22:11 PM

Quote

Furthermore, as more people realize the benefits of using bitcoin, more people will join our site. Since we are still in the early stages of bitcoin, I expect a regular stream of new members from all corners of the world for a long while

This is a very good point. Good to get in the competition early so when an influx of investors come, you're ready. I definitely like the long-term viability of this website, so long as you can survive the original perhaps low traffic. Good luck! I will be investing on Tuesday

Thank you very much Cheesy

xchrisxsays

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Quote

Furthermore, as more people realize the benefits of using bitcoin, more people will join our site. Since we are still in the early stages of bitcoin, I expect a regular stream of new members from all corners of the world for a long while Cheesy

This is a very good point. Good to get in the competition early so when an influx of investors come, you're ready. I definitely like the long-term viability of this website, so long as you can survive the original perhaps low traffic. Good luck! I will be investing on Tuesday

worldbridger

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Quote from: Pale Phoenix on August 29, 2013, 05:26:50 PM

Thanks for the response, and the marketing / exposure angle does make sense. We can use as many outlets to trade BTC as possible, so I wish you great luck, and I look forward to future ideas coming out of your incubator.

Thank you very much, Pale Phoenix

worldbridger

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Quote from: freedomno1 on August 29, 2013, 04:32:35 PM

Just testing I like your response and now I honestly am curious what your mascot will be

Follow up question: I see your model being viable but what is your return incentive.

If your company sells a product to trade bitcoins with other people face to face, then what is to stop them from trading with the same people after a successful trade the first time they use the service. By using the services that you have provided they can do another trade and lower their own personal costs by trading with the same person again, basically I am asking if the models core user-base will be constantly required to add new users and how your company would plan to address this type of scenario. Or if you consider the ability of sellers constantly looking for new customers to be an incentive to keep an account over the long run.

That aside, I do see the viability of taking a one time upfront fee to use the service in order to access your database of users but I am curious on how you plan on expanding that built up userbase without needing to talk specifics about the execution strategy over the longer duration.

These are good questions freedomno1.
While it is true that 2 people meeting on the site may decide to stay in direct contact with one another, we must take into consideration the fact that a particular dealer may not always have the best buy/sell prices at all times. Imagine when a dealer is running out of BTC, his/her sell price would not be low. Similarly if a dealer expects a market slump or a correction, he/she may not wish to offer a high purchase price during that period. Not all dealers run out of BTC at the same time; not all dealers have the same market forecast...
So as far as regular members are concerned, it will always be in their best interest to place an order on the site (free of charge) to make sure they always get the best prices from all the dealers. IMO most members will want to do so. There is a strong incentive for dealers to continue paying for our services if they wish to continue receiving offers from members with whom they have dealt with in the past and from those with whom they haven't.
Furthermore, as more people realize the benefits of using bitcoin, more people will join our site. Since we are still in the early stages of bitcoin, I expect a regular stream of new members from all corners of the world for a long while Cheesy

Pale Phoenix

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Quote from: worldbridger on August 29, 2013, 05:31:16 AM

Hello Pale Phoenix,

You are correct this is a seed stage investment, I am fully aware that the term IPO is traditionally associated to a later stage 'exit' type of offering but for most of bitcoin startups listing on Havelock or other exchanges IPO rounds are basically seed-stage fund raises. I agree I could have done some private funding and gone public later. But the IPO also gives DealCoin exposure to the bitcoin community, such as in this thread which greatly helps me in explaining Dealcoin. Re. later funding, Dealcoin is part of Seedcoin, a bitcoin startup virtual incubator in which I am involved and I intend to get some funds and other services via Seedcoin for the development of Dealcoin.

Thanks for the response, and the marketing / exposure angle does make sense. We can use as many outlets to trade BTC as possible, so I wish you great luck, and I look forward to future ideas coming out of your incubator.

freedomno1

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Quote from: worldbridger on August 29, 2013, 10:45:32 AM

Quote from: freedomno1 on August 29, 2013, 02:17:27 AM

An interesting IPO for the amount of risk and growth potential.

What is your execution strategy?
Such as your ad campaign: The way you will address your target market and how you will penetrate that market and raise your brand awareness as well as what differentiates you from the competition.
Examples: Banners, advertisement's, youtube videos, mascots, business cards, reputation system etc.

Hello freedomno1, we don't have a mascot yet Wink

DealCoin will be using various online as well as offline channels to advertise its services. Please understand that I cannot divulge the details of our marketing strategy or execution plan on a public forum. You will find more info on the IPO prospectus available at http://www.dealco.in/havelock

Just testing I like your response and now I honestly am curious what your mascot will be

Follow up question: I see your model being viable but what is your return incentive.

If your company sells a product to trade bitcoins with other people face to face, then what is to stop them from trading with the same people after a successful trade the first time they use the service. By using the services that you have provided they can do another trade and lower their own personal costs by trading with the same person again, basically I am asking if the models core user-base will be constantly required to add new users and how your company would plan to address this type of scenario. Or if you consider the ability of sellers constantly looking for new customers to be an incentive to keep an account over the long run.

That aside, I do see the viability of taking a one time upfront fee to use the service in order to access your database of users but I am curious on how you plan on expanding that built up userbase without needing to talk specifics about the execution strategy over the longer duration.

worldbridger

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Quote from: bobboooiie on August 29, 2013, 10:45:43 AM

So, I didnt quite get how dealcoin is producing any revenue ?

Hi bobboooiie,
DealCoin revenues are generated from:

Dealer Membership Fees
Dealcoin charges dealers an upfront membership fee on a monthly basis.
Dealers are able to buy multiple months at once in order to reduce the average monthly fee.

Escrow Service Fees
The upcoming optional escrow service carries a 1% fee of the transaction amount.
The escrow service fee is to be paid by Bitcoin buyer only.

SMS Notification Service Fees
The upcoming SMS notification service will enable dealers to quickly react to new orders from DealCoin members
The service fee will vary based on mobile operator and location of message recipient.

Voice Meeting Service Fees
The upcoming voice meeting service will enable dealers to speak with our site's members without exchanging phone numbers.
The service fee has been tentatively set around 0.03 BTC/month. Final fee rates to be determined.

For more info, please refer to our IPO prospectus available at http://www.dealco.in/havelock

worldbridger

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Quote from: radiumsoup on August 29, 2013, 08:27:48 AM

The primary purpose of that long rant I posted was to see how you'd respond, really - it was more to gauge your professionalism in a response, and to see if those (relatively simple) questions had been thought through before you brought this to market; it was only a secondary goal to get actual answers. A lot of recent IPOs seem to be rather hastily thrown together with a good idea but very shallow implementation plans; this was my attempt to flush you out if this was the case here. I'm rather pleased with your response, it does a lot for your credibility in my mind. Thanks.

Thank you radiumsoup Cheesy

bobboooiie

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So, I didnt quite get how dealcoin is producing any revenue ?

Topic: [HAVELOCK] Dealcoin Official Thread - page 7. (Read 14654 times)