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[ANN] NXTinspect - the first CryptoAudit service
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Author Topic: [ANN] NXTinspect - the first CryptoAudit service  (Read 38876 times)

Tosch110

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #20 on: September 30, 2014, 01:18:11 pm »

Quote
Revenue from the above activities will be distributed according to the shares in circulation ie not owned by the issuing account.
[...]

BTW: Who will review NXTInspect  ;)

I think this must be the user trusting the current reputation of the member. Also, nobody can prevent that a project fails, mismanagement can happen to even the best. A review by any (good if its a subjective trusted) party is if you read it wisely better than no review at all.

rlh

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #21 on: September 30, 2014, 01:28:42 pm »

Quote
Revenue from the above activities will be distributed according to the shares in circulation ie not owned by the issuing account.
BTW: Who will review NXTInspect  ;)

Quasi-related:

http://xkcd.com/250/
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hisun

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #22 on: September 30, 2014, 02:40:59 pm »


Quote
Sorry for asking again but I think this is an important point for (future) investors: How will you gain revenues? You didn't mention this in your ANN.

BTW: Who will review NXTInspect  ;)
This is a good question, how to ensure that your authority and fairness? How your income and dividends are taken into account?
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swartzfeger

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #23 on: October 01, 2014, 04:19:04 am »


Quote
Sorry for asking again but I think this is an important point for (future) investors: How will you gain revenues? You didn't mention this in your ANN.

BTW: Who will review NXTInspect  ;)
This is a good question, how to ensure that your authority and fairness? How your income and dividends are taken into account?

NXTinspect will thrive -- or die -- based on their performance and word of mouth. Trust and reputation are paramount. If there's even a hint of payola or favoritism it would be a disaster.

I'm confident these guys are bullish and long on Nxt and wouldn't jeopardize their reputations for a short-term, short-lived gain.

Regardless, 'fairness' is a fair question to pose. Scrutiny is good (and necessary)!
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whale

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #24 on: October 01, 2014, 05:54:43 am »

First round of partners announced!
- SuperNET
- NXTreporting
- BOOST

Speaking on behalf of the team, reputation is everything. We thoroughly research an asset before writing a review and ensure the content is objective based (based on the facts available). We are all well known members of the community and we do not plan on tarnishing our own reputations. 

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Abraxas 147

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #25 on: October 01, 2014, 07:24:13 am »

Quote
First round of partners announced!
- SuperNET
- NXTreporting
- BOOST

Speaking on behalf of the team, reputation is everything. We thoroughly research an asset before writing a review and ensure the content is objective based (based on the facts available). We are all well known members of the community and we do not plan on tarnishing our own reputations. 

Hi whale, I greatly appreciate your initiative to step in in this kind of business because I think it is really important work for the future of the NXT eco system. And I have no doubt in the reputation and trustworthiness of the team. But in order to do my own judgement on how much I will rely on the results of your reviews  I would like to hear a little more about your business case. Please take it as a constructive critique - but your annotation is very vague in this regard :-).

From the perspective of an user:

- what are the criteria you will check when reviewing a business?
- how will you do due diligence?
- will the companies pay for being reviewed?
- what are your skills/competencies to do this kind of work?

From the perspective of an potential investor:

- how will you earn money (except through the funding of the asset issuance)? - you are planning to pay dividends so there must be some kind of incomming money :-)
- will you pay yourself a kind of wage based on the time you invest in your work?
- what does partnership mean (see above)?

I know that you are doing the very first steps into this exceiting venture and probably not all of this questions can be answered yet. But any piece of (more) information would be appraised :-).

Thanks!



 


 

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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #26 on: October 01, 2014, 07:42:09 am »

First round of partners announced!
- SuperNET
- NXTreporting
- BOOST

Speaking on behalf of the team, reputation is everything. We thoroughly research an asset before writing a review and ensure the content is objective based (based on the facts available). We are all well known members of the community and we do not plan on tarnishing our own reputations.

+1 My involvement in NXT has never been for a quick buck, I want to see NXT successful and fed up with all the scams, as to revenues for this, if the information has value then the revenue streams are there to be had.

This is new and testing the market in terms of services people will pay for which is why a modest asset issue and low start costs while we get those revenues flowing. We will grow the service, revenue and hopefully the team over time, but don't want this to be a boom and bust activity with people feeling they made bad investments etc.

EDIT: Abraxas - we have discussed these items, answers in due cours, as a low cost start up we don't have a marketing department :P
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Abraxas 147

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #27 on: October 01, 2014, 07:48:25 am »

Thanks, will be patient :-)
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whale

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #28 on: October 01, 2014, 11:35:36 am »

Quote
First round of partners announced!
- SuperNET
- NXTreporting
- BOOST

Speaking on behalf of the team, reputation is everything. We thoroughly research an asset before writing a review and ensure the content is objective based (based on the facts available). We are all well known members of the community and we do not plan on tarnishing our own reputations. 

Hi whale, I greatly appreciate your initiative to step in in this kind of business because I think it is really important work for the future of the NXT eco system. And I have no doubt in the reputation and trustworthiness of the team. But in order to do my own judgement on how much I will rely on the results of your reviews  I would like to hear a little more about your business case. Please take it as a constructive critique - but your annotation is very vague in this regard :-).

From the perspective of an user:

- what are the criteria you will check when reviewing a business?
We basically give you all of the information required to make a purchasing decision. You will see the layout on nxtreporting but we're making it easier for investors by giving them an overview of the asset and then we break-down their offering from an investors perspective (ROI etc).

- how will you do due diligence?
We have a professional company handling this for us.

- will the companies pay for being reviewed?
Reviews will be free as they provide content and information.

- what are your skills/competencies to do this kind of work?
Collectively we have years of experience in the cryptocurrency industry. I personally invest in startups which naturally require this kind of work before any deal is finalized. We have all experienced a lot of success running and/ or investing in Nxt assets. Together with our personal experience, we also work with other professionals to ensure quality.

From the perspective of an potential investor:

- how will you earn money (except through the funding of the asset issuance)? - you are planning to pay dividends so there must be some kind of incomming money :-)
Services and subscriptions.

- will you pay yourself a kind of wage based on the time you invest in your work?
We haven't finalized a % but it won't be much.

- what does partnership mean (see above)?
SuperNET = Accounting/ Auditing
NXTreporting = Will implement our reviews and ratings on assets
BOOST = Exclusively use our services before funding startups

This is only the beginning, we are actively talking to businesses. The more individuals, partners and subscriptions we have, the more the asset holders will benefit.

I know that you are doing the very first steps into this exceiting venture and probably not all of this questions can be answered yet. But any piece of (more) information would be appraised :-).

Thanks!

I'm really busy right now but I hope I could answer some of your questions.
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altcoinherald

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #29 on: October 01, 2014, 12:54:13 pm »

Interested in finding out more..

whale

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #30 on: October 01, 2014, 01:05:10 pm »

Edit
« Last Edit: October 01, 2014, 02:07:46 pm by whale »
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printshop

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #31 on: October 01, 2014, 01:21:17 pm »

I'm late?
This is a conspiracy.
An account to buy 250,000,
other people can not buy.
What significance release on AE?
Let us take over the high price?

I understand that this can be frustrating. We didn't want to start with a high marketcap as we want to prove ourselves first and the best way to do this is through actions. Unfortunately, this allowed two individuals to take the entire lot. I'm hoping that we can bring just as much value to those who invest in the second offering.

What he says is true from a couple of angles. Honestly speaking, you have been asking a lot of questions over on the other thread, which seems to indicate you are unsure of how to execute on a lot of what you have set out to do. Yet you have sold 300,000 NXT worth of shares in the blink of an eye, so the market seems to believe in you. Well, let's see how you do.

I can't help feeling disappointed that you didn't contact me and take up my offer to help. I have considerable experience in this field, I've been informally valuing companies for my own investment needs for more than 20 years. Then again I have my hands full with KPS so who knows what I really could have done anyways. Good luck and I look forward to seeing the report on KPS :>

whale

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #32 on: October 01, 2014, 02:06:51 pm »

Thanks KPS. I wasn't aware that you contacted us but we're a very capable team. Unfortunately we aren't hiring at this time. I think this service was desperately needed in the community, therefore people have shown their support.
« Last Edit: October 01, 2014, 02:10:47 pm by whale »
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Abraxas 147

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #33 on: October 01, 2014, 02:23:29 pm »

Quote
I'm really busy right now but I hope I could answer some of your questions.

Thanks very much! Your answers help me to get a much better picture of this venture. Would appreciate to have some shares  ;). A surprise dividend via NXTventure and/or SuperNET would be very nice  8)...
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cryptoscout

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #34 on: October 01, 2014, 09:08:51 pm »

Would you be interested in using.? https://s.complyadvantage.com/
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rudeboi

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #35 on: October 01, 2014, 09:57:34 pm »

Very interested, if you are ever interested in recruiting a fully qualified chartered accountant for analysis let me know as I do this for a living,  I was thinking of setting up a similar AE IPO audit business, but don't see any point in competing.
« Last Edit: October 01, 2014, 10:00:47 pm by rudeboi »
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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #36 on: October 01, 2014, 10:19:45 pm »

We do have ideas on how to implement but there is no harm in finding out what others think..

We are just busy doing the work with little time to explain, with each explanation driving more questions..

This may sound unfair but I am being honest - we have to prioritise and right now its on 'output'

I recognise people feel left out but I hope if/when this takes off we will be looking for likeminded talent to join and some will be willing to do so.
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chanc3r

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #37 on: October 02, 2014, 06:42:55 am »

I can see there is a market developing for NXTinspect...

We don't really want a bubble and people unhappy so we have put up a 50k sell wall at 5NXT from the reserve.

We hope to give a good return on this, I clearly can't rate our own shares but right now I would be careful paying more than this if I were investing in such a young start up.
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mikesbmw

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #38 on: October 02, 2014, 09:22:57 am »

Weird, the other topic seems too be removed.

I will ask my questions here:

- You are going too audit all the assets, but don't you think there is a conflict of interest when one of your partners is being audited?
- Who are "whale" and "chanc3r"?

Something you mentioned in the other thread:

- how are you going too give the people with a subscription a 24 hour heads-up in buying new assets?
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cobaltskky

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Re: [ANN] NXTinspect - the first CryptoAudit service
« Reply #39 on: October 02, 2014, 10:58:55 am »

I can see there is a market developing for NXTinspect...

We don't really want a bubble and people unhappy so we have put up a 50k sell wall at 5NXT from the reserve.

We hope to give a good return on this, I clearly can't rate our own shares but right now I would be careful paying more than this if I were investing in such a young start up.

I think the announcement that SuperNET will be offering NXTInspect as dividends has helped. ;)  I'm glad I grabbed 1K at 2.5 when James was selling!
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