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Author Topic: [Ann] [Coinex] Coinex.ir Exchange fund raising  (Read 29767 times)

sepehr

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Hi Sepehr

Im comparing some assets and want to know which one is fit for me to invest on. I just read the presentation. But I have some questions.

Well this is an investment and I know that business fluctuates. But even if there was no benefit in what I invest my money on, how would you garantee that i'd get my money back. this question is raised due to the expiration of the certification at the bottom of your presentation of coinex. Have you extended it?

And one more question, how exactly are you going to use IRR? Can you elaborate on that a little bit for me?

Thx

Hi cryptAnalyzer,

I quote your questions again and reply:

1- how would you garantee that i'd get my money back?

I cannot guarantee that! As we mentioned in first post:

We assure you that we do our best to secure your investment and to maximize your benefit and minimize any possible lose.

But you can see first 9 months reputations here:

https://nxtforum.org/assets-board/(ann)-(coinex)-coinex-ir-exchange-fund-raising/msg221672/#msg221672

2- this question is raised due to the expiration of the certification at the bottom of your presentation of coinex. Have you extended it?

No! All licences of Iranian entities that buy or sell bitcoin is not renewed! This licence only let us to have online Shetab Transactions from our official site. For the moment we use some other sites to do that and our main transaction are not by use of Shetab, but by Bank to Bank direct transactions that we don't need that license for it at all.

3-how exactly are you going to use IRR? Can you elaborate on that a little bit for me?

We sell BTC against IRR, We change IRR to CNY, We change CNY to BTC like this:

IRR -> CNY -> BTC

This is the Normal life cycle of our business! And some times it reverse like this:

BTC -> CNY -> IRR

It depends on market and price and Volume.

I hope that helps!

Sepehr

cryptAnalyzer

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Hi sepehr.

Wanted to thank you for your early response, though I guess one has to buy your words as well as your nine month experience in the market.

So, suppose I liked what you do, and since I'm not Iranian I should ask about your plans with non-IRR currency. How's the transaction? Or you just take IRR in?

sepehr

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Hi sepehr.

Wanted to thank you for your early response, though I guess one has to buy your words as well as your nine month experience in the market.

So, suppose I liked what you do, and since I'm not Iranian I should ask about your plans with non-IRR currency. How's the transaction? Or you just take IRR in?

Hi cryptAnalyzer,

It's my pleasure that you liked it.
If you mean for investment we can accept BTC or ETH for it. Please PM me if you interested.
If you mean we exchange other currencies, No we have no plan to exchange USD or Euro or other currencies.

I hope I got your point correct.
Thanks,
Sepehr

cryptAnalyzer

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Hi sepehr.

Wanted to thank you for your early response, though I guess one has to buy your words as well as your nine month experience in the market.

So, suppose I liked what you do, and since I'm not Iranian I should ask about your plans with non-IRR currency. How's the transaction? Or you just take IRR in?

Hi cryptAnalyzer,

It's my pleasure that you liked it.
If you mean for investment we can accept BTC or ETH for it. Please PM me if you interested.
If you mean we exchange other currencies, No we have no plan to exchange USD or Euro or other currencies.

I hope I got your point correct.
Thanks,
Sepehr

I really thank you for your response. It was great to know coinex and how you manage it.

cryptAnalyzer

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Hi Sepehr

Im comparing some assets and want to know which one is fit for me to invest on. I just read the presentation. But I have some questions.

Well this is an investment and I know that business fluctuates. But even if there was no benefit in what I invest my money on, how would you garantee that i'd get my money back. this question is raised due to the expiration of the certification at the bottom of your presentation of coinex. Have you extended it?

And one more question, how exactly are you going to use IRR? Can you elaborate on that a little bit for me?

Thx

Hi cryptAnalyzer,

I quote your questions again and reply:

1- how would you garantee that i'd get my money back?

I cannot guarantee that! As we mentioned in first post:

We assure you that we do our best to secure your investment and to maximize your benefit and minimize any possible lose.

But you can see first 9 months reputations here:

https://nxtforum.org/assets-board/(ann)-(coinex)-coinex-ir-exchange-fund-raising/msg221672/#msg221672

2- this question is raised due to the expiration of the certification at the bottom of your presentation of coinex. Have you extended it?

No! All licences of Iranian entities that buy or sell bitcoin is not renewed! This licence only let us to have online Shetab Transactions from our official site. For the moment we use some other sites to do that and our main transaction are not by use of Shetab, but by Bank to Bank direct transactions that we don't need that license for it at all.

3-how exactly are you going to use IRR? Can you elaborate on that a little bit for me?

We sell BTC against IRR, We change IRR to CNY, We change CNY to BTC like this:

IRR -> CNY -> BTC

This is the Normal life cycle of our business! And some times it reverse like this:

BTC -> CNY -> IRR

It depends on market and price and Volume.

I hope that helps!

Sepehr

Sepehr

What you do is very interesting but I have one question:

Why not use Dollars? Why Chinese currency?

sepehr

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Sepehr

What you do is very interesting but I have one question:

Why not use Dollars? Why Chinese currency?

Hi cryptAnalyzer,
Sorry i have seen it so late,
It depends on our business model.
But in short here it is:
Transferring money from to Iran by USD / EUR is too hard, but in CNY is very simpler!

marechou

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No dividends sent last month.

What happens ?

sepehr

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No dividends sent last month.

What happens ?
I'm very sorry marechou,
I will arrange to pay it by tomorrow and the Febreuary Dividends also ASAP.
I was very busy arranging a journey to France, Paris for Edcon.io
Anybody wants to meet me in person welcome to Edcon.io

Regards,
Sepehr

sepehr

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Dividends Report:         
         
Investor   Asset #   Dividends   Status
0xee2cf3c5bc93c7413a2f2e0be1d406dd4c9c83a6   149,597.47   9,514.40   https://etherscan.io/tx/0x12c01711ad082742ec471b4da4c6a5c57ddd9c174198bfefb0da44c6b865dd64
 0x82a4fa1bbd8cf3ce0a5679dabce09a775dcd18fd   71,137.11   4,524.32   https://etherscan.io/tx/0x71cf0b6ed3f9d1cbd99e5ca63e5084e6212ce9c24d3fa9456c6a3b6bae371ab6
0x94d1fc7cb64bdff098e23ada332335d5099b714f   70,974.20   4,513.96   https://etherscan.io/tx/0xa665d9bfefcf98d5c019b0a4beaf2c1c31977e1b9aa6f379c597c6028217d90a
 0xaeeab842fe08e8106416e79e95f756c72b6524ac   11,043.84   702.39   https://etherscan.io/tx/0xa70bcb0ed80c37e6ab6d5a5982aaece82411a94fbf46b964864499cd10b01628
0xd26902596ee30b6cd64a8c3a502cc0b668a0197e   286.96   18.25   https://etherscan.io/tx/0x7d446836da7ba96781c0d18eeecad519998b9ed4d2b0e9c7816d355c5b81b6db
NXT-KKEC-EXGL-U3GV-EV56K   6.80   0.43   Reserved
         
         
         
         
         
Total   303,046.38   19,273.75   
         
Coinex Dividends Report for January 2016:         
Total Assets included:   303,046.38      
Total dividends paid:    19,273.75   CNY or equivalent   
Net Benefit:   6.36%      

huafei

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Dividends Report:         
         
Investor   Asset #   Dividends   Status
0xee2cf3c5bc93c7413a2f2e0be1d406dd4c9c83a6   149,597.47   9,514.40   https://etherscan.io/tx/0x12c01711ad082742ec471b4da4c6a5c57ddd9c174198bfefb0da44c6b865dd64
 0x82a4fa1bbd8cf3ce0a5679dabce09a775dcd18fd   71,137.11   4,524.32   https://etherscan.io/tx/0x71cf0b6ed3f9d1cbd99e5ca63e5084e6212ce9c24d3fa9456c6a3b6bae371ab6
0x94d1fc7cb64bdff098e23ada332335d5099b714f   70,974.20   4,513.96   https://etherscan.io/tx/0xa665d9bfefcf98d5c019b0a4beaf2c1c31977e1b9aa6f379c597c6028217d90a
 0xaeeab842fe08e8106416e79e95f756c72b6524ac   11,043.84   702.39   https://etherscan.io/tx/0xa70bcb0ed80c37e6ab6d5a5982aaece82411a94fbf46b964864499cd10b01628
0xd26902596ee30b6cd64a8c3a502cc0b668a0197e   286.96   18.25   https://etherscan.io/tx/0x7d446836da7ba96781c0d18eeecad519998b9ed4d2b0e9c7816d355c5b81b6db
NXT-KKEC-EXGL-U3GV-EV56K   6.80   0.43   Reserved
         
         
         
         
         
Total   303,046.38   19,273.75   
         
Coinex Dividends Report for January 2016:         
Total Assets included:   303,046.38      
Total dividends paid:    19,273.75   CNY or equivalent   
Net Benefit:   6.36%

this is befor 1/4/2017
Quote
Coinex Report:           
Date:   1/4/2017         
Time:   10:53:19 AM         
Total Assets Sold:    303,046.38         
           
Current Portfolio Combination and changes in this period:           
           
Chinese Yen:   290,263.95   CNY     
Iranian Rial:   297,075,237   IRR  ≃   51,308.33   CNY
           
Total Cash ≃    341,572.28   CNY     
           
Total Benefit/Loss:   38,525.90   CNY     
           
Net Benefit/Loss:   19,262.95   CNY     
           
Total Portfolio ≃    322,309.33   CNY     
           
1 Bitcoin =    7669.99   CNY(Huobi) ≃    1050.05   USD(Bitstamp)
           
Each Asset now ≃    1.0636   CNY ≃    0.00013867   BTC
           
Each Asset at the start of Month ≃    1.00   CNY     
           
Increase/Decrease:   +6.36%       

how about the month of 1/2017?

sepehr

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Coinex Report:            
Date:   2/2/2017         
Time:   11:38:11 AM         
Total Assets Sold:    321,617.74         
            
Current Portfolio Combination and changes in this period:            
            
Chinese Yen:   330,230.24   CNY      
Iranian Rial:   233,799,002   IRR  ≃   41,601.25   CNY
            
Total Cash ≃    371,831.49   CNY      
            
Total Benefit/Loss:   50,213.75   CNY      
            
Net Benefit/Loss:   25,106.87   CNY      
            
Total Portfolio ≃    346,724.61   CNY      
            
1 Bitcoin =    6850.00   CNY(Huobi) ≃    988.00   USD(Bitstamp)
            
Each Asset now ≃    1.0781   CNY ≃    0.00015738   BTC
            
Each Asset at the start of Month ≃    1.00   CNY      
            
Increase/Decrease:   +7.81%          
            
Description:            
Here is the report for January 2017. Thanks everybody for your support and hope to meet you at Edcon.io  :D
Dividends will be paid within today and tomorrow :-*
« Last Edit: February 02, 2017, 08:20:08 am by sepehr »

sepehr

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how about the month of 1/2017?

Report sent and the dividends will be paid within today and tomorrow.
« Last Edit: February 02, 2017, 08:20:29 am by sepehr »

sepehr

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Dividends Report:         
         
Investor   Asset #   Dividends   Status
0xee2cf3c5bc93c7413a2f2e0be1d406dd4c9c83a6   159,111.87   12,426.64   https://etherscan.io/tx/0x8e653044dc9d6bb5b0092502e20aab8d7814997986391a753982ab7a55c87607
0x82a4fa1bbd8cf3ce0a5679dabce09a775dcd18fd   75,661.43   5,909.16   https://etherscan.io/tx/0x9cbded62ce76094c3b8c270f34dcbc06941232dcfd5b672c4991de20c3279796
0x94d1fc7cb64bdff098e23ada332335d5099b714f   75,488.16   5,895.63   https://etherscan.io/tx/0xd9969beb410013d06cbbebaa63ecd9742319a5401d24d92c0e359a9c89d86cad
0xaeeab842fe08e8106416e79e95f756c72b6524ac   11,043.84   862.52   https://etherscan.io/tx/0x9191779bc994cf88bfc8b94ded9bc01c73909f215bb76d2b1dd132aea1f10edb
0xd26902596ee30b6cd64a8c3a502cc0b668a0197e   305.21   23.84   https://etherscan.io/tx/0x428d7029268de4eb379fc1ab1fb5ee47b431b2c6e115ef534afb7b60f1edd4ba
NXT-KKEC-EXGL-U3GV-EV56K   7.23   0.56   Reserved
         
         
Total   321,617.74   25,118.35   
         
Coinex Dividends Report for January 2016:         
Total Assets included:   321,617.74      
Total dividends paid:    25,118.35   CNY or equivalent   
Net Benefit:   7.81%      
         

huafei

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any updates?

sepehr

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Coinex Report:         
Date:   3/8/2017      
Time:   11:18:42 AM      
Total Assets Sold:    343,900.64      
         
Current Portfolio Combination and changes in this period:         
         
Chinese Yen:   23.00   CNY   
Iranian Rial:   566,864,059   IRR  ≃   105,561.28
         
Total Cash ≃    364,499.24   CNY   
         
Total Benefit/Loss:   20,598.60   CNY   
         
Net Benefit/Loss:   10,299.30   CNY   
         
Total Portfolio ≃    354,199.94   CNY   
         
1 Bitcoin =    7679.99   CNY(Huobi) ≃    1184.9 USD(Bitstamp)
         
Each Asset now ≃    1.0299   CNY ≃    0.00013411
         
Each Asset at the start of Month ≃    1.00   CNY   
         
Increase/Decrease:   +2.99%       
         
Description:         
This month we had a lot of problems because of the BTC transfer limitations in china we had several deals that end up with loss! By the way we are still +3% positive at the end of month. Also I had joined to EDCON in Paris and had opened an account outside Iran as well. we hope that we find some ways to continue our business without the Chinese exchanges limitations. Also we arrange some new ways to transfer assets smoother without need to Geth and even Parity using hardware wallets. Sorry for latency for the report. I will arrange for dividends payment just today.

sepehr

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Dividends Report:         
         
Investor   Asset #   Dividends   Status
0xee2cf3c5bc93c7413a2f2e0be1d406dd4c9c83a6   169,565.58   5,070.01   https://etherscan.io/tx/0xb82a332a32797febfbcadcdbe46e0fa9dfa73e013c6a810614fb6485ab2b45e6
0x82a4fa1bbd8cf3ce0a5679dabce09a775dcd18fd   81,570.59   2,438.96   https://etherscan.io/tx/0x2335ca49d6d30a535271a568fbdce0f457499fa6b94ef4559dd3b11069759d59
0x94d1fc7cb64bdff098e23ada332335d5099b714f   81,383.78   2,433.38   https://etherscan.io/tx/0xc4fdf6b5164ddc9c0313b702a64c484ac16d0a531d9fd78243e58d1a42d7eb8a
0xaeeab842fe08e8106416e79e95f756c72b6524ac   11,043.84   330.21   https://etherscan.io/tx/0xee3414247a15f1a97ddfdd069c614930f125a4a9b815ecb5ffa42a1f96abb4b1
0xd26902596ee30b6cd64a8c3a502cc0b668a0197e   329.05   9.84   https://etherscan.io/tx/0x87bec9d8ee40ab71f28dad54e37ffd07f828cc5548d869a9de5f90bc3a7189f5
NXT-KKEC-EXGL-U3GV-EV56K   7.80   0.23   Reserved
         
         
Total   343,900.64   10,282.63   
         
Coinex Dividends Report for February 2017:         
Total Assets included:   343,900.64      
Total dividends paid:    10,282.63   CNY or equivalent   
Net Benefit:   2.99%      

sepehr

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Coinex Report:            
Date:   4/5/2017         
Time:   9:32:20 AM         
Total Assets Sold:    400,998.57         
            
Current Portfolio Combination and changes in this period:            
            
Chinese Yen:   217,989.23   CNY      
Iranian Rial:   1,120,627,329   IRR  ≃   205,431.22   CNY
            
Total Cash ≃    423,420.45   CNY      
            
Total Benefit/Loss:   22,421.88   CNY      
            
Net Benefit/Loss:   11,210.94   CNY      
            
Total Portfolio ≃    412,209.51   CNY      
            
1 Bitcoin =    7076.99   CNY(Huobi) ≃    1135.2   USD(Bitfinex)
            
Each Asset now ≃    1.0280   CNY      
            
Each Asset at the start of Month ≃    1.00   CNY      
            
Increase/Decrease:   +2.80%          
            
Description:            
We almost had a good month, a lot of fluctuations in bitcoin, CNY, IRR Price and also had two weeks off in Iran this month but we still 2.8% Positive. We extended our business to Turkey & Georgia as well and now we are selling and buying btc there also. You can check our localbitcoin account: https://localbitcoins.com/accounts/profile/sepehr/
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