MERCATOX - Cryptocurrency and E-currency Exchange. E-wallet. P2P Exchange - page 37.

kalpit

sr. member

Activity: 560

Merit: 250

Quote from: electronicash on November 22, 2016, 08:11:35 AM

Quote from: kalpit on November 21, 2016, 03:09:35 PM

Quote from: electronicash on November 21, 2016, 01:02:43 PM

Quote from: kalpit on November 21, 2016, 12:31:03 PM

Quote from: MERCATOX on November 21, 2016, 11:19:45 AM

Quote

Can you tell us about the trading fees? Would it have different rates like polo different volumes?

All trades have a 0.25% fee
Info here https://mercatox.com/faq

So, is it 0.25 % for both maker and taker fees. Which is 0.5% total fees on each successful trade.
Or total 0.25 % fees?

If Mercatox would be tradeable on stock exchange, it means all shareholders must have ID verification. So would all the investors of crowd sale have to complete KYC ?
Can a person who bought Mercatox tokens this crowd sale, trade these tokens on stock exchange? If yes, how will it work?

Did they claim their token will be on stock exchange? I doubt that though, they may just mean list it on their own exchange where it could be sold and bought just like the rest of the exchange such as alcurex and altex.ws. Maybe on their ROM Grin

On the main page of Mercatox it's written, ""MERCA" WILL BE ELIGIBLE CURRENCY ON THE STOCK EXCHANGE"
Yes, they can add it to their own exchange also.

But my questions still stand

Really? Not very knowledgeable about it actually but if it can be listed on stock exchange then i guess this is going to be big. how do we verify such information by the way? ITs not like we can just rely to those words though. Forgive me for such a being such skeptical, most of the time i am.

But I'd be one of the person who would be investing if there is way we can know for sure.

No it would not be listed on stock exchange. OP says it's a typing mistake. Seems very funny to me, how they can do such a mistake. It changes the whole meaning of project.

I have asked him some questions- https://bitcointalksearch.org/topic/m.16953334

Let's see what he answers. His will determine if whole project is a scam or not.

Earlier, I was thinking investing in it. But now the project seems fishy or the guys are inexperienced.

MERCATOX

full member

Activity: 140

Merit: 100

Quote from: Mento on November 22, 2016, 06:22:12 AM

2.5 BTC per 2 days. Not so much! Perhaps someone is alarming purchase 10 MERCA. Smaller investments are also useful. Although serious investors can pay a lot more. Frequent ICO dispel investors' attention recently. I hope you well get 200-300 BTC but 1000 no probably.

Even though total amount of investments will be less than 100 BTC, this won't change our plans.
Current crowdsale campaign is only auxiliary component, which helps to speed up and bring us to next stage, such as project design and development.

electronicash

legendary

Activity: 3178

Merit: 1054

Quote from: kalpit on November 21, 2016, 03:09:35 PM

Quote from: electronicash on November 21, 2016, 01:02:43 PM

Quote from: kalpit on November 21, 2016, 12:31:03 PM

Quote from: MERCATOX on November 21, 2016, 11:19:45 AM

Quote

Can you tell us about the trading fees? Would it have different rates like polo different volumes?

All trades have a 0.25% fee
Info here https://mercatox.com/faq

So, is it 0.25 % for both maker and taker fees. Which is 0.5% total fees on each successful trade.
Or total 0.25 % fees?

If Mercatox would be tradeable on stock exchange, it means all shareholders must have ID verification. So would all the investors of crowd sale have to complete KYC ?
Can a person who bought Mercatox tokens this crowd sale, trade these tokens on stock exchange? If yes, how will it work?

Did they claim their token will be on stock exchange? I doubt that though, they may just mean list it on their own exchange where it could be sold and bought just like the rest of the exchange such as alcurex and altex.ws. Maybe on their ROM Grin

On the main page of Mercatox it's written, ""MERCA" WILL BE ELIGIBLE CURRENCY ON THE STOCK EXCHANGE"
Yes, they can add it to their own exchange also.

But my questions still stand

Really? Not very knowledgeable about it actually but if it can be listed on stock exchange then i guess this is going to be big. how do we verify such information by the way? ITs not like we can just rely to those words though. Forgive me for such a being such skeptical, most of the time i am.

But I'd be one of the person who would be investing if there is way we can know for sure.

kalpit

sr. member

Activity: 560

Merit: 250

Quote from: MERCATOX on November 22, 2016, 06:33:11 AM

Quote from: kalpit on November 21, 2016, 08:41:04 PM

Quote from: MERCATOX on November 21, 2016, 04:30:12 PM

total 0.5 % fees

that's right. MERCA will be traded on our exchange.
Perhaps it will be traded on other web sources.
Merchant API for developers will be ready this week and every other web site or exchange will be able to integrate MERCA for payments and trade.

So, Merca is not tradeable on stock exchange?

Home page of Mercatox website says it is eligible to be listed on stock exchange.

I think, this is typo error. I will let text moderator know.

What! How can you do such a big typing mistake ?
And, how can there be a typo ~~two~~ four times on the page?

On home page of Mercatox it's written that 100 Bitcoin is minimum investment. And here you are saying that tokens would be deployed even if 100 Bitcoin not reached.

So how would you distribute the rest 95 % of shares?

Which platform is being used for smart contacts? Please also share the code.

You are allocating 10% of collection to Safety. Whose safety are you ensuring with this?

Your product manager and other team members don't have any Facebook or Twitter?

MERCATOX

full member

Activity: 140

Merit: 100

Quote from: monbux on November 21, 2016, 10:01:32 PM

Quote from: MERCATOX on November 21, 2016, 04:30:12 PM

total 0.5 % fees

that's right. MERCA will be traded on our exchange.
Perhaps it will be traded on other web sources.
Merchant API for developers will be ready this week and every other web site or exchange will be able to integrate MERCA for payments and trade.

Still looks very similar to other exchanges. Why would someone use your exchange over poloniex? I might've missed something.

Our exchange is working with crypto-currencies and digital money supported by all kinds of payment systems such as Perfect Money, Okpay etc.
We are planning to add more payment systems to work with.
We just don't fiat to work with USD, EUR etc. Digital money used by several payment systems has it value on the market.
Even though they are bundled to fiat, they do not belong to the fiat.

MERCATOX

full member

Activity: 140

Merit: 100

Quote from: jamalaezaz on November 21, 2016, 09:31:42 PM

Quote from: MERCATOX on November 21, 2016, 09:39:07 AM

Quote from: BlockEye on November 21, 2016, 05:26:29 AM

I highly encouraged the devs to hire some graphic artist for the design of ANN thread. The ANN thread is not much attractive because of luck of visual representation. It helps a lot to easily understand the flow of the project. Escrow for the funds is a nice move to ensure that the project is trusted. Wink

We were working on functionality first. We are going to work on design soon.

What should translator do? should they wait for New design and new official thread.? or they just need to translate the current announcement?

kindly reply because I also have a language to done.

Sure thing translators might want to translate our announcements. For example this one https://mercatox.com/news/about-merca-upcoming-crowdsale

MERCATOX

full member

Activity: 140

Merit: 100

Quote from: kalpit on November 21, 2016, 08:41:04 PM

Quote from: MERCATOX on November 21, 2016, 04:30:12 PM

total 0.5 % fees

that's right. MERCA will be traded on our exchange.
Perhaps it will be traded on other web sources.
Merchant API for developers will be ready this week and every other web site or exchange will be able to integrate MERCA for payments and trade.

So, Merca is not tradeable on stock exchange?

Home page of Mercatox website says it is eligible to be listed on stock exchange.

I think, this is typo error. I will let text moderator know.

Mento

legendary

Activity: 1106

Merit: 1006

I ♥ BitcoinTalk

2.5 BTC per 2 days. Not so much! Perhaps someone is alarming purchase 10 MERCA. Smaller investments are also useful. Although serious investors can pay a lot more. Frequent ICO dispel investors' attention recently. I hope you well get 200-300 BTC but 1000 no probably.

monbux

legendary

Activity: 1736

Merit: 1029

Quote from: MERCATOX on November 21, 2016, 04:30:12 PM

total 0.5 % fees

that's right. MERCA will be traded on our exchange.
Perhaps it will be traded on other web sources.
Merchant API for developers will be ready this week and every other web site or exchange will be able to integrate MERCA for payments and trade.

Still looks very similar to other exchanges. Why would someone use your exchange over poloniex? I might've missed something.

jamalaezaz

copper member

Activity: 1876

Merit: 533

Quote from: MERCATOX on November 21, 2016, 09:39:07 AM

Quote from: BlockEye on November 21, 2016, 05:26:29 AM

I highly encouraged the devs to hire some graphic artist for the design of ANN thread. The ANN thread is not much attractive because of luck of visual representation. It helps a lot to easily understand the flow of the project. Escrow for the funds is a nice move to ensure that the project is trusted. Wink

We were working on functionality first. We are going to work on design soon.

What should translator do? should they wait for New design and new official thread.? or they just need to translate the current announcement?

kindly reply because I also have a language to done.

kalpit

sr. member

Activity: 560

Merit: 250

Quote from: MERCATOX on November 21, 2016, 04:30:12 PM

total 0.5 % fees

that's right. MERCA will be traded on our exchange.
Perhaps it will be traded on other web sources.
Merchant API for developers will be ready this week and every other web site or exchange will be able to integrate MERCA for payments and trade.

So, Merca is not tradeable on stock exchange?

Home page of Mercatox website says it is eligible to be listed on stock exchange.

MERCATOX

full member

Activity: 140

Merit: 100

total 0.5 % fees

that's right. MERCA will be traded on our exchange.
Perhaps it will be traded on other web sources.
Merchant API for developers will be ready this week and every other web site or exchange will be able to integrate MERCA for payments and trade.

kalpit

sr. member

Activity: 560

Merit: 250

Quote from: electronicash on November 21, 2016, 01:02:43 PM

Quote from: kalpit on November 21, 2016, 12:31:03 PM

Quote from: MERCATOX on November 21, 2016, 11:19:45 AM

Quote

Can you tell us about the trading fees? Would it have different rates like polo different volumes?

All trades have a 0.25% fee
Info here https://mercatox.com/faq

So, is it 0.25 % for both maker and taker fees. Which is 0.5% total fees on each successful trade.
Or total 0.25 % fees?

If Mercatox would be tradeable on stock exchange, it means all shareholders must have ID verification. So would all the investors of crowd sale have to complete KYC ?
Can a person who bought Mercatox tokens this crowd sale, trade these tokens on stock exchange? If yes, how will it work?

Did they claim their token will be on stock exchange? I doubt that though, they may just mean list it on their own exchange where it could be sold and bought just like the rest of the exchange such as alcurex and altex.ws. Maybe on their ROM Grin

On the main page of Mercatox it's written, ""MERCA" WILL BE ELIGIBLE CURRENCY ON THE STOCK EXCHANGE"
Yes, they can add it to their own exchange also.

But my questions still stand

indocafe

member

Activity: 192

Merit: 10

I think the team mercatox need to provide some evidence to make a public trust that might just help crowdfunding to be successful, I just saw a photo of the team and email, why not give us a bit of information your team using social media accounts LinkedIn or Twitter, I think it would be cool

electronicash

legendary

Activity: 3178

Merit: 1054

Quote from: kalpit on November 21, 2016, 12:31:03 PM

Quote from: MERCATOX on November 21, 2016, 11:19:45 AM

Quote

Can you tell us about the trading fees? Would it have different rates like polo different volumes?

All trades have a 0.25% fee
Info here https://mercatox.com/faq

So, is it 0.25 % for both maker and taker fees. Which is 0.5% total fees on each successful trade.
Or total 0.25 % fees?

If Mercatox would be tradeable on stock exchange, it means all shareholders must have ID verification. So would all the investors of crowd sale have to complete KYC ?
Can a person who bought Mercatox tokens this crowd sale, trade these tokens on stock exchange? If yes, how will it work?

Did they claim their token will be on stock exchange? I doubt that though, they may just mean list it on their own exchange where it could be sold and bought just like the rest of the exchange such as alcurex and altex.ws. Maybe on their ROM Grin

kalpit

sr. member

Activity: 560

Merit: 250

Quote from: MERCATOX on November 21, 2016, 11:19:45 AM

Quote

Can you tell us about the trading fees? Would it have different rates like polo different volumes?

All trades have a 0.25% fee
Info here https://mercatox.com/faq

So, is it 0.25 % for both maker and taker fees. Which is 0.5% total fees on each successful trade.
Or total 0.25 % fees?

If Mercatox would be tradeable on stock exchange, it means all shareholders must have ID verification. So would all the investors of crowd sale have to complete KYC ?
Can a person who bought Mercatox tokens this crowd sale, trade these tokens on stock exchange? If yes, how will it work?

piebeyb

legendary

Activity: 2464

Merit: 1039

Bitcoin Trader

1.2 BTC nice

I say maybe if needed to add slack channel for communication

MERCATOX

full member

Activity: 140

Merit: 100

Quote

My estimate of $ 100,000 trading volume was for a new exchange. There are many exchanges with daily volume even less than 30 Bitcoin. But let's talk about them. I'm sure Mercatox very different from them.
However, it will definitely take time for users to adopt Mercatox for exchange

Yes, we are new exchange but we are different to compare to others and looking forward to grow fast and succeed!

Quote

Can you tell us about the trading fees? Would it have different rates like polo different volumes?

All trades have a 0.25% fee
Info here https://mercatox.com/faq

Quote

Another question, if the threshold is not reached would Mercatox be directly traded on stock exchanges?

It is unlikely. Our crowdsale just started and already shows very good results. But even all of a sudden we collect lower amount targeted, this won't change our plans. Percentage on purchased tokens will be distributed according to crowdsale total amount. We will continue to work on this project anyway.

kalpit

sr. member

Activity: 560

Merit: 250

Quote from: MERCATOX on November 21, 2016, 09:37:40 AM

Quote from: kalpit on November 21, 2016, 04:21:05 AM

You said that you already developed the product, so why you need crowdfunding money?
The second phase development could take place from profits made in trades

What would you do if threshold is not reached?

I personally don't like the distribution. Only 5 % started for crowd campaign.

Assuming Mercatox reaches exactly 100 Bitcoin. So 0.05 % share in company for 1 Bitcoin.
Let's assume daily volume to be $100,000 ( after some months, currently it is very less)
Fees is 0.5 % Right?
So profit of $500 per day
Profit of $ 182500 per year.

For 0.05% share, dividend= $91.25 per year

At this rate you would hit ROI in 8 years !

Note that I have not considered bonuses
Also I have not considered the money used in legal, development, etc work , which means even less ROI.

@Mercatox please tell me if I'm wrong somewhere. I'm not sure what the trading fees is.

Trading platform is only some part of our project. It's being implemented and we are working on improvements, running promotion.

The reason for running crowdsale campaign is to develop project's add-ons such as payment services, p2p exchange, platform integration into other web sites etc.
Please read details about our plans for future here https://mercatox.com/crowdsale
https://mercatox.com/news/about-merca-upcoming-crowdsale

Your calculations are pessimistic a bit.
I would like to confront Your opinion and would like to ask You to have a look at popular crypto-currencies exchange or directory forex brokers turnovers. With the worst case scenario daily turnovers they are at least 10000 btc 24h volume(~$7mln)

And this(exchange) is only one part of our project.
Thereafter our MERCA holders will be getting percentage from net profit from all of the platform and all services.

My estimate of $ 100,000 trading volume was for a new exchange. There are many exchanges with daily volume even less than 30 Bitcoin. But let's talk about them. I'm sure Mercatox very different from them.
However, it will definitely take time for users to adopt Mercatox for exchange.

Can you tell us about the trading fees? Would it have different rates like polo different volumes?

Another question, if the threshold is not reached would Mercatox be directly traded on stock exchanges?

MERCATOX

full member

Activity: 140

Merit: 100

Quote from: BlockEye on November 21, 2016, 05:26:29 AM

I highly encouraged the devs to hire some graphic artist for the design of ANN thread. The ANN thread is not much attractive because of luck of visual representation. It helps a lot to easily understand the flow of the project. Escrow for the funds is a nice move to ensure that the project is trusted. Wink

We were working on functionality first. We are going to work on design soon.

Topic: MERCATOX - Cryptocurrency and E-currency Exchange. E-wallet. P2P Exchange - page 37. (Read 49176 times)