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[Ann] [Coinex] Coinex.ir Exchange fund raising singapore
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Author Topic: [Ann] [Coinex] Coinex.ir Exchange fund raising  (Read 90052 times)

sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #120 on: November 05, 2015, 04:15:06 pm »

Coinex Report:            
Date:   11/5/2015         
Time:   7:37:24 PM         
Total Assets Sold:    248,456.21         
            
Current Portfolio Combination:            
            
Chinese Yen:   66,340.00   CNY      
Iranian Rial:   1,308,675,495   IRR  ≃   238,157.51   CNY
            
Total Cash ≃    304,497.51   CNY      
            
Coinex Charges:   6,802.49   CNY      
            
Total Portfolio ≃    297,695.02   CNY      
            
1 Bitcoin =    2629.98   CNY(Huobi) ≃    395.00   USD(Bitstamp)
            
Each Asset now ≃    1.1982   CNY ≃    0.00045558   BTC
            
Each Asset at the start of period ≃    1.00   CNY      
            
Increase/Decrease:   +19.82%          
            
Description:            
Bitcoin had a very bad day today, But we still had good performances! about 3% more benefit from last night! I hope everyone to be happy! ;D
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #121 on: November 05, 2015, 04:43:33 pm »

I have bought some new assets for myself and as I promised before to publish any transaction for myself here it is:

I have bought 6600 CoinexCNY and sent it to this account which is mine also:

NXT-N53Y-6D8X-N8C5-5MCJ7

I have bought another 11,762.28 assets for myself in same account as above and one 27,332.36 and 18,221.57 assets to my other account(NXT-BUN9-PXG2-JTR2-6ET4Z).

And another 32,024.34 CoinexCNY for NXT-BUN9-PXG2-JTR2-6ET4Z, this payment made on noon.

I have bought another 7,037.44 assets for myself.

I have bought another 4,917.94 Assets for myself.

Total number of my assets:

30'317.66  NXT-N53Y-6D8X-N8C5-5MCJ7
104'851  NXT-BUN9-PXG2-JTR2-6ET4Z
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #122 on: November 06, 2015, 08:08:46 pm »

Dear Asset holders,

We are stopping selling CoinexCNY to the public now.
The remaining CoinexCNY will reserve for Coinex Staff.
For the moment we keep 300,000 CoinexCNY and will work with it.
On first December we may decide to issue another asset like CoinexCNY2 for an amount of maybe 500,000 CNY or 700,000 CNY or maybe continue without issuing any asset.
It depends on whether we estimate that we can use that new money to generate more benefit or not!

Thanks,
Sepehr
« Last Edit: November 06, 2015, 08:18:34 pm by sepehr »
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #123 on: November 08, 2015, 05:15:41 am »

Coinex Report:            
Date:   11/8/2015         
Time:   8:36:40 AM         
Total Assets Sold:    253,374.15         
            
Current Portfolio Combination:            
            
Chinese Yen:   303,858.00   CNY      
Iranian Rial:   26,064,911   IRR  ≃   4,730.47   CNY
            
Total Cash ≃    308,588.47   CNY      
            
Coinex Charges:   2,497.78   CNY      
            
Total Portfolio ≃    306,090.69   CNY      
            
1 Bitcoin =    2590.60   CNY(Huobi) ≃    386.76   USD(Bitstamp)
            
Each Asset now ≃    1.2081   CNY ≃    0.00046632   BTC
            
Each Asset at the start of period ≃    1.00   CNY      
            
Increase/Decrease:   +20.81%          
            
Description:            
We had two less busy days. So we focused on buying an exchange software or writing it ourselves. We have two options. 1.An exchange like bitstamp and btc-e. 2.An exchange like what we are now that buy ans sell coins himself. I will discuss the two options in a separate post.
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #124 on: November 08, 2015, 05:23:10 am »

Hi everybody,

We have plan to buy or write a good exchange software.
We have two options for this:

1.An exchange like bitstamp and btc-e.
2.An exchange like what we are now that buy ans sell coins himself.

The first option will have less benefit per transaction for us like %0.2 per exchange transaction or 0.5% per withdrawal. But the key behind it is that we can buy and sell BTC like we do it now, inside the exchange ourselves, and we ourselves can be a big player in it.

The second option will help us for headaches we have now for safer and better transactions.

Our plan is now most focused onplan 1 and on writing the code ourselves. It will cost something about $3000 dollar and about two months but we can be the one and only player in our country that have such capability and can increase our transactions a lot more.

Any feedbacks from our Asset holders welcome.
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marechou

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #125 on: November 08, 2015, 07:29:34 am »

Hi everybody,

We have plan to buy or write a good exchange software.
We have two options for this:

1.An exchange like bitstamp and btc-e.
2.An exchange like what we are now that buy ans sell coins himself.

The first option will have less benefit per transaction for us like %0.2 per exchange transaction or 0.5% per withdrawal. But the key behind it is that we can buy and sell BTC like we do it now, inside the exchange ourselves, and we ourselves can be a big player in it.

The second option will help us for headaches we have now for safer and better transactions.

Our plan is now most focused onplan 1 and on writing the code ourselves. It will cost something about $3000 dollar and about two months but we can be the one and only player in our country that have such capability and can increase our transactions a lot more.

Any feedbacks from our Asset holders welcome.

If you can do a bitstamp like exchange for Iran and you are the 1st one to do it, I guess  that is pretty huge, so I would say that is the best option.

Thanks to ask advises from your investors, but if you build a bitstamp like exchange, I am wondering if you will still need funds from investors to operate?

Regards,
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #126 on: November 08, 2015, 07:54:24 am »

Hi everybody,

We have plan to buy or write a good exchange software.
We have two options for this:

1.An exchange like bitstamp and btc-e.
2.An exchange like what we are now that buy ans sell coins himself.

The first option will have less benefit per transaction for us like %0.2 per exchange transaction or 0.5% per withdrawal. But the key behind it is that we can buy and sell BTC like we do it now, inside the exchange ourselves, and we ourselves can be a big player in it.

The second option will help us for headaches we have now for safer and better transactions.

Our plan is now most focused onplan 1 and on writing the code ourselves. It will cost something about $3000 dollar and about two months but we can be the one and only player in our country that have such capability and can increase our transactions a lot more.

Any feedbacks from our Asset holders welcome.

If you can do a bitstamp like exchange for Iran and you are the 1st one to do it, I guess  that is pretty huge, so I would say that is the best option.

Thanks to ask advises from your investors, but if you build a bitstamp like exchange, I am wondering if you will still need funds from investors to operate?

Regards,

Yes, if we do so, we will be the 1st, and if we do so, we still need fund to operate because we will be one player in that exchange ourselves also, i mean it will be an open market that everybody in Iran can come in and buy/sell BTC but we will be one of big players there that can buy/sell btc there and we need money still to do that.
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huafei

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #127 on: November 08, 2015, 09:12:27 am »

option 2is good.

option1 would cost more money on  ddos and hacker
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Arkh

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #128 on: November 08, 2015, 03:31:17 pm »

Hi,

Do you have or do you plan to provide NXT as a coin on your exchange ? That could be interesting.

Also if you need a web dev ( front-end ) for further improvement you can let me know.

I like the 1st option, you can always set up a vote for the assetholders to help you decide.



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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #129 on: November 08, 2015, 05:41:56 pm »

option 2is good.

option1 would cost more money on  ddos and hacker

Yes, Option 1 have more risk, option 1 is more safe, By the way we still atracted to option 1 more  ;D
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #130 on: November 08, 2015, 05:45:54 pm »

Hi,

Do you have or do you plan to provide NXT as a coin on your exchange ? That could be interesting.

Also if you need a web dev ( front-end ) for further improvement you can let me know.

I like the 1st option, you can always set up a vote for the assetholders to help you decide.

If our clients ask for NXT we will provide it for sure, I even asked it to some contractors providing us some proposals now.
But the first option is BTC and then LTC and Perfect money. After that we decide what to be afterwards.

Thanks for suggestion of voting.
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marechou

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #131 on: November 08, 2015, 06:32:38 pm »

I think that vote result  will be like a suggestion but the end decision should be yours, it's your business and investors just provide funds, we don't have shares of the company.

Option 1 is more risky for sure, but if you keep all withdrawal (above 1 btc) manual, I guess the risk is limited (it is just a guess I am not enough technical to be sure).

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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #132 on: November 09, 2015, 03:26:22 am »

I think that vote result  will be like a suggestion but the end decision should be yours, it's your business and investors just provide funds, we don't have shares of the company.

Option 1 is more risky for sure, but if you keep all withdrawal (above 1 btc) manual, I guess the risk is limited (it is just a guess I am not enough technical to be sure).
Agree with you Marechou, and I really need your valued suggestions.
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #133 on: November 09, 2015, 03:33:39 am »

Coinex Report:            
Date:   11/9/2015         
Time:   7:01:42 AM         
Total Assets Sold:    248,384.05         
            
Current Portfolio Combination:            
            
Chinese Yen:   273,818.00   CNY      
Iranian Rial:   166,535,377   IRR  ≃   30,224.21   CNY
            
Total Cash ≃    304,042.21   CNY      
            
Coinex Charges:   1,984.72   CNY      
            
Total Portfolio ≃    302,057.49   CNY      
            
1 Bitcoin =    2454.12   CNY(Huobi) ≃    368.59   USD(Bitstamp)
            
Each Asset now ≃    1.2161   CNY ≃    0.00049553   BTC
            
Each Asset at the start of period ≃    1.00   CNY      
            
Increase/Decrease:   +21.61%          
            
Description:            
Smooth days! The big difference between chinese and other exchanges now narrow and we have more slow and smooth days.
« Last Edit: November 09, 2015, 03:52:11 am by sepehr »
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #134 on: November 12, 2015, 08:54:54 am »

Coinex Report:            
Date:   11/12/2015         
Time:   12:20:31 PM         
Total Assets Sold:    248,384.05         
            
Current Portfolio Combination and changes in this period:            
            
Chinese Yen:   57,277.19   CNY      
Iranian Rial:   1,350,350,317   IRR  ≃   241,133.99   CNY
            
Total Cash ≃    298,411.18   CNY      
            
Total Benefit/Loss:   -3,646.31   CNY      
            
Net Benefit/Loss:   -1,823.16   CNY      
            
Total Portfolio ≃    300,234.33   CNY      
            
1 Bitcoin =    2143.60   CNY(Huobi) ≃    331.12   USD(Bitstamp)
            
Each Asset now ≃    1.2088   CNY ≃    0.00056389   BTC
            
Each Asset at the start of period ≃    1.00   CNY      
            
Increase/Decrease:   +20.88%          
            
Description:            
We showed 3,646.31 loss in this period. This mostly happened because about 10 BTC locked in one Chinese exchange because of a technical problem for about 36 hours. And we forced to pay customers payments with losses. And after drop of BTC price we could do something with 10 BTC! Fortunately the problem solved today and we have full control over all of our portfolio. Because we always had benefits in all periods till now in this month, coinex covered half of this loss from benefits we received before. Over all we had -0.6% decrease in our asset price in this period from last report till today. Thanks everybody for your support.
« Last Edit: November 12, 2015, 08:57:08 am by sepehr »
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marechou

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #135 on: November 12, 2015, 10:19:38 am »

Thanks for taking half of the loss on your side, that's really nice.
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huafei

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #136 on: November 12, 2015, 10:22:26 am »

you can do something do prevent the move of price.
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marechou

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #137 on: November 12, 2015, 10:28:43 am »

I think the BTC were blocked and could not be sold during 36 hours, during that time the price of btc had Fallen.

But regarding the past performance 0.6% of loss is really nothing.
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #138 on: November 12, 2015, 10:57:45 am »

Thanks for taking half of the loss on your side, that's really nice.
Thanks, we take good benefits from start of this month, so I think a lot, and had this decision to take half of the loss just like the time i took half of benefit. Overall this month was in +%20 benefit. So we cover the loss, and will continue to cover any loss above benefit.
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #139 on: November 12, 2015, 11:09:01 am »

you can do something do prevent the move of price.

For sure we do our best to avoid loss, and this was the best we could do. There is a long story in this 36 hours that what exactly happens, about 20 hours we have received absolutely no reply from exchange! First I think that all Huobi users have same problem! Then I understood that it's only me! after reply from Support I understood that one deposit of less than 0.1BTC calculated twice in our account and so they locked all of our account!! Then they told us that within half an hour it will be corrected that took about 12 hours or more!

By the way, the positive point is that we have activated another account with BTCC(old BTCChina) and increased it's limit which was only 10 BTC daily to 300 BTC daily as an alternative for such cases.
Also we learned to give promises to our customer the way we face with less losses if we cannot fulfill them.
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