Topic: PicoStocks, bitcoin stock exchange - page 6. (Read 28450 times)
While I can appreciate that bootstrap seems to have been defeated in the market and the MPEx look and feel prevails, the question that stands before you is how can you show this isn't just another stock generation rehash? Because on the face that's what we have here.
-bank does not always mean the entity deals with money , see for example bio-bank (http://en.wikipedia.org/wiki/Biobank) or data-bank. BioInfoBank Institute has mainly the bio and info component. The financial component is located mainly in the venture fund BIB Seed Capital SA (seed.bioinfo.pl, Polish 
). In fact the fund invested in an asset that I wanted to float on PicoStocks next: proteonpharma.com (the phage company).
But, to answer Your question, we have no banking license :-) A banking license could be useful for BTC/forex exchange but I don't think we will consider this for the stock exchange. In fact using a banking license would place us in a European jurisdiction and tax area ... we don't want to deal with this right now.
). In fact the fund invested in an asset that I wanted to float on PicoStocks next: proteonpharma.com (the phage company).But, to answer Your question, we have no banking license :-) A banking license could be useful for BTC/forex exchange but I don't think we will consider this for the stock exchange. In fact using a banking license would place us in a European jurisdiction and tax area ... we don't want to deal with this right now.
Interesting concept, watching closely.
For a start, an observation that leads to a question:
Quote from your Webpage:
The IPO office is operated by BioInfoBank
Punching BioInfoBank into Google, I come across the page: http://bioinfo.pl/ which says: BioInfoBank Institute is a non-for-profit research and development organization ... The main scientific focus of the institute is Bioinformatics .....
How does that all fit together? Care to elaborate because most of us, when we read "Bank" as part of an organizations name, think about a "real" bank with banking license, etc.
For a start, an observation that leads to a question:
Quote from your Webpage:
The IPO office is operated by BioInfoBank
Punching BioInfoBank into Google, I come across the page: http://bioinfo.pl/ which says: BioInfoBank Institute is a non-for-profit research and development organization ... The main scientific focus of the institute is Bioinformatics .....
How does that all fit together? Care to elaborate because most of us, when we read "Bank" as part of an organizations name, think about a "real" bank with banking license, etc.
1. create an account for You bitcoin account on http://picostocks.com
2. wait few seconds for the system to create a dedicated PicoStocks bitcoin account
3. send 1BTC to the newly created account and wait 1h [5 confirmations]
4. login there again, select [pico] from the list of IPO* assets and press the buy button [right top]
5. put in the price: 0.05 and the number of shares You want to buy: 20 and press the "Buy shares" button
After this You will probably have to wait few days. I think I will close the IPO* next week.
After that the trading can start.
2. wait few seconds for the system to create a dedicated PicoStocks bitcoin account
3. send 1BTC to the newly created account and wait 1h [5 confirmations]
4. login there again, select [pico] from the list of IPO* assets and press the buy button [right top]
5. put in the price: 0.05 and the number of shares You want to buy: 20 and press the "Buy shares" button
After this You will probably have to wait few days. I think I will close the IPO* next week.
After that the trading can start.
Can I pitch in.?
The minimum price is 0.05 BTC. I think this will be also the final price tag. This would be a valuation at 50k BTC (~500k EUR) at current exchange rates.
You are probably right, we should start with a smaller valuation at the beginning, but we actually don't need any funds for the exchange and I still believe that even at this valuation the asset will generate reasonable return on investment in 12 months. I hope we will be able to report much better results than predicted after 12 months.
You are probably right, we should start with a smaller valuation at the beginning, but we actually don't need any funds for the exchange and I still believe that even at this valuation the asset will generate reasonable return on investment in 12 months. I hope we will be able to report much better results than predicted after 12 months.
Exciting news, I hope it works out. It's tempting to get in early, but with you valuing your exchange at ~ 1.3M Euros for the ipo, I'll stick to the sidelines on that one. Can't wait to watch this thing take off.
There is one more important innovation. All transactions and all user accounts are public. It is possible to monitor the action of "best" traders and review their market position.
Several forex trading companies offer something like this as a paid service but here transparency is an important aspect of our mission. We believe more transparency will help the investors (private or public) and entrepreneurs.
The main objective for the beginning is to attract as many as possible interesting small high-tech startups. It is enough to list small fractions of their shares (even less than 1%) to promote the startups and the bitcoin community. We would like to encourage anybody ho has some shares of small high tech companies to float a part of the shares he/she owns on PicoStocks.
BTW: the business plan of PicoStocks is here: http://picostocks.com/businessplan/15 ... sorry for ignoring MPEx there. We will try to describe the differences between the two exchanges on some page in the near future.
Several forex trading companies offer something like this as a paid service but here transparency is an important aspect of our mission. We believe more transparency will help the investors (private or public) and entrepreneurs.
The main objective for the beginning is to attract as many as possible interesting small high-tech startups. It is enough to list small fractions of their shares (even less than 1%) to promote the startups and the bitcoin community. We would like to encourage anybody ho has some shares of small high tech companies to float a part of the shares he/she owns on PicoStocks.
BTW: the business plan of PicoStocks is here: http://picostocks.com/businessplan/15 ... sorry for ignoring MPEx there. We will try to describe the differences between the two exchanges on some page in the near future.
The main concept of the new model is that PicoStocks is the legal owner of all assets.
[...]
PicoStocks is a legal person established under the jurisdiction of Marshall Islands.
[...]
PicoStocks is a legal person established under the jurisdiction of Marshall Islands.
I've been wondering how long before someone takes this approach. More overview of Marshall Islands:
- http://www.healyconsultants.com/company-incorporation/marshall-islands-company-formation.html
The FAQ gives additional useful info:
- http://picostocks.com/pages/faq
I am pleased to announce the start of another bitcoin stock Exchange, PicoStocks, http://picostocks.com.
The exchange is based on a different model than GLBSE or MPEx. The main concept of the new model is that PicoStocks is the legal owner of all assets. Users trading the assets can benefit from profits or buy and sell the assets to other users. PicoStocks is a legal person established under the jurisdiction of Marshall Islands. When floating assets on the platform PicoStocks will enter into share purchase agreement with the issuer or owner. In other words PicoStocks will share responsibility for the authenticity and validity of the offered shares. Of course the users are responsible for the evaluation of the assets.
We hope that the different legal model will help in floating “real world” startups on the platform, not necessarily related to the bitcoin economy. Having such assets on a bitcoin based exchange platform should be beneficial for the bitcoin community and for the issuers who, due to their small size, can not enter other regulated exchanges.
We have started the platform with the IPO* (Initial PicoStocks Offering) of 20% of all shares of PicoStocks. The business plan is available on the platform. We plan to float in few weeks a high tech SME dealing with the application of bacteriophages in agriculture. We will also float an ASIC mining project. Floating is intentionally relative expensive (50BTC), because want to focus on more mature operations. Floating can be done online, but the purchase agreement that contains the number of listed shares and the reward in BTC must be signed between the owner (seller) and PicoStocks before the trading of the shares starts on the platform. Both parameters (number of shares and raised capital) will be determined during the IPO* process.
The exchange is based on a different model than GLBSE or MPEx. The main concept of the new model is that PicoStocks is the legal owner of all assets. Users trading the assets can benefit from profits or buy and sell the assets to other users. PicoStocks is a legal person established under the jurisdiction of Marshall Islands. When floating assets on the platform PicoStocks will enter into share purchase agreement with the issuer or owner. In other words PicoStocks will share responsibility for the authenticity and validity of the offered shares. Of course the users are responsible for the evaluation of the assets.
We hope that the different legal model will help in floating “real world” startups on the platform, not necessarily related to the bitcoin economy. Having such assets on a bitcoin based exchange platform should be beneficial for the bitcoin community and for the issuers who, due to their small size, can not enter other regulated exchanges.
We have started the platform with the IPO* (Initial PicoStocks Offering) of 20% of all shares of PicoStocks. The business plan is available on the platform. We plan to float in few weeks a high tech SME dealing with the application of bacteriophages in agriculture. We will also float an ASIC mining project. Floating is intentionally relative expensive (50BTC), because want to focus on more mature operations. Floating can be done online, but the purchase agreement that contains the number of listed shares and the reward in BTC must be signed between the owner (seller) and PicoStocks before the trading of the shares starts on the platform. Both parameters (number of shares and raised capital) will be determined during the IPO* process.
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