If the site is running fine and will generate more and more profits, it's in RealSolids best interest to keep as much profit to himself over the long term. Raising money when its not going to be needed it a quick cash grab. Most founders hate giving up shares in their companies because in the long run they lose juicy profits and such, but they do this because the money is needed for facilities and staff (See the startup scene around California)
Think about it. Now his share of the profits are even lower so his long term incentive to keep developing is even lower. That money is not needed to do anything.
Maybe if he spent all the 18,000 Bitcoin on becoming a fully verified and legal USD/EURO exchange?
Topic: [MCXNOW IPO] : 11,000 BTC raised [ UPDATE : OVER! ] - page 5. (Read 15655 times)
There is 3 growth vector :
-Simply increase the volume of trading. There is a lot of room left on some coins, like LTC and FTC.
-Gambling/gaming. This is next things to be added to the site
-
Microcash 
: the next generation cryptocurrency. mcxNOW will be the principal exchange
-Simply increase the volume of trading. There is a lot of room left on some coins, like LTC and FTC.
-Gambling/gaming. This is next things to be added to the site
-
Microcash : the next generation cryptocurrency. mcxNOW will be the principal exchange
There is 3 growth vector :
-Simply increase the volume of trading. There is a lot of room left on some coins, like LTC and FTC.
-Gambling/gaming. This is next things to be added to the site
-Microcash : the next generation cryptocurrency. mcxNOW will be the principal exchange
-Simply increase the volume of trading. There is a lot of room left on some coins, like LTC and FTC.
-Gambling/gaming. This is next things to be added to the site
-Microcash : the next generation cryptocurrency. mcxNOW will be the principal exchange
On the downside there is a piece of shit operator with a habit of disappearing.
There is 3 growth vector :
-Simply increase the volume of trading. There is a lot of room left on some coins, like LTC and FTC.
-Gambling/gaming. This is next things to be added to the site
-Microcash : the next generation cryptocurrency. mcxNOW will be the principal exchange
-Simply increase the volume of trading. There is a lot of room left on some coins, like LTC and FTC.
-Gambling/gaming. This is next things to be added to the site
-Microcash : the next generation cryptocurrency. mcxNOW will be the principal exchange
Few months ago, mcxNOW sold 5000 share (5%) of the site revenue for 500BTC in less than an hour.
This week, they are trying to raise 18,000BTC! for the last 45,000 (45%) share.
They're not trying to raise money, they're trying to cash out. The site is ready and operational, so it doesn't need to raise additional capital.This week, they are trying to raise 18,000BTC! for the last 45,000 (45%) share.
It seems like it can't be anything other than a cash out.
Quote
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And already 6200 mcxFEE have been sold for 2500BTC in less than 2 hours. It's crazy.
Yes, it's crazy. But not in a good way. It's a clever trick though, first release only a small number of shares to create scarcity, which drove up the price. Then offer a much larger batch that is slightly below the market price to make the offer look appealling, while simultaneously locking trade of the outstanding units to prevent the price from falling.It doesn't take much to imagine what the price will do once trading is unlocked again and thousands of new shares hit the field.
Also, a valuation of 40,0000 BTC ($8M!) for yet-another-altcoin-exchange is completely insane. But congrats to RealSolid for finding a way to cash out bigtime.
I imagine in a few months a lot of people will be cursing RealSolid's name when the exchange goes dark and he disappears yet again.
mcxNOW generated 10,000$ in june, and 90,000 this month. That's a huge increase. And there is plenty growth vector left.
So yeah, the company is worth millions.
So yeah, the company is worth millions.
By what method? Discounted cash flow, earnings multiplier...? What comparables are you using?
I'm really curious about the assumptions that people have in place to justify this valuation. "It will still be around, and there will be no better exchange in 18 months" is a tough one.
mcxNOW generated 10,000$ in june, and 90,000 this month. That's a huge increase. And there is plenty growth vector left.
So yeah, the company is worth millions.
So yeah, the company is worth millions.
The 90K from this month comes for a very large part from 2 days with vastly more activity (coincidentally in a period with very high BTC/USD volatility). It is hardly a sign of a sustained growth. As for the "plenty of growth vector left", I am not so sure as there doesn't seem to be anything relevant actually happening in alt-coin-land other than the endless torrent of pointless clones coming out.
mcxNOW generated 10,000$ in june, and 90,000 this month. That's a huge increase. And there is plenty growth vector left.
So yeah, the company is worth millions.
So yeah, the company is worth millions.
Few months ago, mcxNOW sold 5000 share (5%) of the site revenue for 500BTC in less than an hour.
This week, they are trying to raise 18,000BTC! for the last 45,000 (45%) share.
- IPO page -
You can follow the progression in real-time
And already 6200 mcxFEE have been sold for 2500BTC in less than 2 hours. It's crazy.
This week, they are trying to raise 18,000BTC! for the last 45,000 (45%) share.
- IPO page -
You can follow the progression in real-time
And already 6200 mcxFEE have been sold for 2500BTC in less than 2 hours. It's crazy.
Between the scammy failures of the operator's past and the multiple shilly marketing posts like this one, I'd say get lost.
It'd only take you 80 months to get back your investment in dividends. No time at all. Solid investment.
BCX is know for having something personal against RealSolid. Always preaching the end of world and the eternity in hell for people who deal with him.
He would find a way to scream SCAM with RS donating a kidney.
He would find a way to scream SCAM with RS donating a kidney.
Right, solidcoin and microcash weren't scammy failures because Mr. Four Month Old Account says so. BCX or no BCX, this isn't gonna fly.
For once I agree with you. There's no way this company is worth that much.
First time for everything, eh.
Few months ago, mcxNOW sold 5000 share (5%) of the site revenue for 500BTC in less than an hour.
This week, they are trying to raise 18,000BTC! for the last 45,000 (45%) share.
- IPO page -
You can follow the progression in real-time
And already 6200 mcxFEE have been sold for 2500BTC in less than 2 hours. It's crazy.
This week, they are trying to raise 18,000BTC! for the last 45,000 (45%) share.
- IPO page -
You can follow the progression in real-time
And already 6200 mcxFEE have been sold for 2500BTC in less than 2 hours. It's crazy.
Between the scammy failures of the operator's past and the multiple shilly marketing posts like this one, I'd say get lost.
Between the scammy failures of the operator's past and the multiple shilly marketing posts like this one, I'd say get lost.
BCX is know for having something personal against RealSolid. Always preaching the end of world and the eternity in hell for people who deal with him.
He would find a way to scream SCAM with RS donating a kidney.
Few months ago, mcxNOW sold 5000 share (5%) of the site revenue for 500BTC in less than an hour.
This week, they are trying to raise 18,000BTC! for the last 45,000 (45%) share.
- IPO page -
You can follow the progression in real-time
And already 6200 mcxFEE have been sold for 2500BTC in less than 2 hours. It's crazy.
This week, they are trying to raise 18,000BTC! for the last 45,000 (45%) share.
- IPO page -
You can follow the progression in real-time
And already 6200 mcxFEE have been sold for 2500BTC in less than 2 hours. It's crazy.
Between the scammy failures of the operator's past and the multiple shilly marketing posts like this one, I'd say get lost.
mcxFEE data and Yield : https://docs.google.com/spreadsheet/ccc?key=0AioqMMSVIC5tdFplWndsdmZuaGxyN01xemxtNWYxVGc#gid=0
You can see the yield is 10%+ based on last 30 days average.
@Rannasha : considering this current Yield + the future growth (RealSolid is planning to add Gambling and Gaming to the exchange), i think it's a really fair price.
You can see the yield is 10%+ based on last 30 days average.
@Rannasha : considering this current Yield + the future growth (RealSolid is planning to add Gambling and Gaming to the exchange), i think it's a really fair price.
The annualized yield is 10%, which in Bitcoin terms is quite low. Especially if you include the risk-factors of RealSolids lackluster reputation and the uncertain future of altcoins.
And I don't think "RealSolid is planning to add Gambling and Gaming to the exchange" is sufficient reason for a $8M (40K BTC) valuation. Branching out into a different direction doesn't require the 18,000 BTC that mcxNOW is trying to collect. Nor is there any concrete plan or justification of what the money will be used for. Hell, there isn't even a guarantee that holders of mcxFee will profit from these other ventures.
It's a cashout.
And flooding the small mcxFee market with 9 times the current number of shares is going to wreak havoc on the share price, especially given the low returns. Which is why trading on current shares has been conveniently locked for the time of the sale of the new shares. Can't have the market reflect its true valuation of the asset in the shareprice now, can we?
what´s the average return rate per month for the last two month in Bitcoin?
The interest are not funded by the money deposited by the newcomers. It's funded by the trading fee.
25% of all trading fee are reversed to the users.
The more people deposit coins, the more the interest is lower, because it dilute the trading fee.
25% of all trading fee are reversed to the users.
The more people deposit coins, the more the interest is lower, because it dilute the trading fee.
Isn't mcxnow a ponzi that gives everyone with a balance money?
and how does this possibly fit as a ponzi (considering that the money given away is money already earned by fees)?
Isn't mcxnow a ponzi that gives everyone with a balance money?
that put the market capitalisation of the site at 8mil by my calcs.....
value<<<<<<<<
no way jose
value<<<<<<<<
no way jose
mcxFEE data and Yield : https://docs.google.com/spreadsheet/ccc?key=0AioqMMSVIC5tdFplWndsdmZuaGxyN01xemxtNWYxVGc#gid=0
You can see the yield is 10%+ based on last 30 days average.
@Rannasha : considering this current Yield + the future growth (RealSolid is planning to add Gambling and Gaming to the exchange), i think it's a really fair price.
You can see the yield is 10%+ based on last 30 days average.
@Rannasha : considering this current Yield + the future growth (RealSolid is planning to add Gambling and Gaming to the exchange), i think it's a really fair price.
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