Topic: [TheRockTrading] BitBoat exchange IPO - get on the boat before it is too late (Read 2799 times)

1. as for now the answer is no. The profit of the exchange is 100% in bitcoin.
2. not yet, but the engine is ready to support any cryptocurrency (just in case)

1) The English translation is "work in progress", along with other languages. We can measure the clicks and see how many visitors are asking which language

2) yes we are based in Italy - by now. Actually the govt. seems neutral, since it's doing a "war on cash" to reduce tax evasion. On the opposite we are confident that for a year or two we'll have some advantage over less "conservative" countries, the only measure that we could see is about a limitation of Eur-Btc exchange on a single transaction.
In Italy we have also an active association, I'm one of the founders, that's working every day to "correct" wrong articles and political acts that can interfere with us.

3) it will be of public domain (on this forum) the day we end the IPO. We have also a small json output for volume and other relevant information, nothing will be "concealed"

1. Is there any regulatory information or risk regarding the exchange?
2. Any plan to list other coins?

This looks promising. Well done guys!

Just a few questions.

1. There is a small "EN" button on your web, I tried to click it but the English version still could not be shown up. Is that a glitch or if I clicked it by a wrong way. I really cannot read the current language there lol.

2. Which country is your base? Italy? A little bit curious about the attitute of government towards BTC related business there as this could be a huge deal.

3. Do you plan to disclose the wallet address of your exchange to make it fully auditable?

Thanks!

Hi everybody, we missed to give you an important information:

- the IPO started on 30 January
- the IPO ends within 30 days from there (2 March)
- the IPO will be over also if we place all 20.000 shares before 2 March

What I missed to explain (in English) is about dividends, that are already counting starting from 30 January.

When the IPO finish, every share will get its cumulated dividends (up to one full month), regardless who's the owner.

After the IPO ending-event the counting will be weekly, as any other stock.

So I see that even last month all the revenues are still increasing,  nice projection!

This looks like it might be promising.

We have updated the information with January data:

https://docs.google.com/spreadsheet/ccc?key=0AgSa2BKZz0WudEhMRWkyWlZZeGpEZlY1QUo3eVJnWmc&usp

The value of BitBoat is based on transaction volume, revenues and market potential. Instead of "promising cool ideas and huge profits" we are trying to do the IPO of an existing exchange, already with hundreds of customers and good revenues each week. Everything is at the link, so you can do your own due diligence and decide by yourself.

We are positioning BitBoat among the less risky (and less speculative) securities, and it can be a good way to mitigate the Bitcoin exchange fluctuations since the EUR volume is slowly (yet constantly) growing. This basically means that if the BTC price is descending, the volume (on every exchange, including BitBoat) is potentially higher, hence the BTC dividends increase and "mitigate" the losses from a fiat-value point of view (just give a look at October and November numbers).

BitBoat is being sold because one of the founders is working on new Bitcoin releated projects (and he needs funding, something that you can't find easily in Italy).

Do you have any numbers to support why your project should be evaluated at 260BTC?

Great project i'm in !

Good luck!

Just invested some btc, great project!

Looks interesting, think I'll follow this

RESERVED

BitBoat is an exchange platform for the purchase of Bitcoins online. The service is offered through the site www.bitboat.net and guarantees delivery of Bitcoins within minutes of ordering.

In line with free market principles, the system introduces supply to demand, namely those in possession of Bitcoins wishing to sell for Euros, and those wishing to buy for the same currency.

The act of purchase is both simple and automatic through the use of Postepay (Poste Italiane ‘s pre-paid card) and Superflash (Intesa San Paolo’s pre-paid card). The service is available only in Italy.


Executive summary: https://docs.google.com/document/d/1pqp6-c7su0m4-1u2JdAd_IYphjKrcAE9QCTPW8D6dyY
Business plan, historical performance data: https://docs.google.com/spreadsheet/ccc?key=0AgSa2BKZz0WudEhMRWkyWlZZeGpEZlY1QUo3eVJnWmc&usp=sharing

Italian thread: https://bitcointalksearch.org/topic/ipo-bitboat-430372


The IPO is listed on TheRockTrading, https://www.therocktrading.com/en/funds/BITB
The reason for the IPO is the transfer of BitBoat ownership from the founders to any interested parties. The founders will keep the Bitcoins gathered for private use, leaving a wallet of Bitcoins in BitBoat to guarantee necessary stock levels for all daily costs.


The IPO has the following attributes:

===================================
IPO starts 30 January 2014
26,000 shares (twenty six thousand)
Starting price of 0.01 Bitcoin per share
20,000 shares (twenty thousand) available as public offer
4,600 (four thousand six hundred) for BitBoat founders
600 shares (six hundred) as CEO stock options
800 shares (eight hundred) of BitBoat capital as ulterior stock options to be assigned and for the generation of capital reserves.
Maximum of 4000 shares (four thousand) per shareholder during the IPO.
Profits to be distributed weekly after costs.

===================================





Thomas Bertani, founder