Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SHARE]ShareCoin - Pure POS - MultiPool - Official exchange launched
by
AcidReniX
on 08/05/2014, 07:46:38 UTC
Feeshare price is too high and I fear it will devalue the coin as people will associate ShareCoin's value with the FeeShare price.

As it stands, 0.001% of the exchange's income is worth $50. This means the value of the 100,000 FeeShares is set at $5,000,000 and that in turn would value the exchange as a  $50,000,000 business. I think a lot of people wanted to invest in this coin because of the FeeShares and to make that a viable and realistic investment the value of the exchange would need to be a figure ten times less than it is now (or even more). The coin price would need to drop to around 50 satoshis or beyond.

It's early in the morning so I hope that makes sense, but I still think you're going to need to drop a decimal place on the cost of the feeshares, or move up a decimal point on the FeeShare revenue percentage and knock a zero off the max number of FeeShares.