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altcoinauctions

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« on: July 02, 2014, 05:57:01 am »

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« Last Edit: November 10, 2014, 11:14:17 pm by altcoinauctions »
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altcoinauctions

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Thank you everyone for your questions, and concerns via PM. We have lowered the price from 175 NXT per asset to 50 NXT per asset. We are starting our marketing campaigns as of the 11th on various websites and pay per click channels. The website is now fully functional, we are working on the last finishing touches.

We are also looking to compensate users that have been scammed buying assets. Please PM or Email us: Admin@AltCoinauctions, with proof of what you paid and proof that it was a scam and we will give you FREE AltAuctions assets depending on how severe the scam was. We are doing this to show we are serious player in the game, and to help the NXT community!
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profitofthegods

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I'd like to see something like this succeed, especially with funds raised through the AE as doing that would support the price of NXT as you generate revenue in other coins and buy NXT to pay dividends.

But I think you will struggle to get enough products listed to make the site appealing to customers. What plans do you have for finding merchants or stocking products yourself?
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altcoinauctions

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I'd like to see something like this succeed, especially with funds raised through the AE as doing that would support the price of NXT as you generate revenue in other coins and buy NXT to pay dividends.

But I think you will struggle to get enough products listed to make the site appealing to customers. What plans do you have for finding merchants or stocking products yourself?

Thanks for your input profitofthegods,

We are 100% dedicated to making sure AltCoinAuctions has a bright future, as to why we added it to the AE to make sure we have continuous growth. Our marketing campaign budget will continue to grow as assets sell and revenue comes in the door. The marketing campaigns that will be started on the 11th will be used to target new potential sellers, along with our B2B department that will be reaching out to businesses to list their inventory on AltCoinAuctions. I just opened up an IRC channel #AltCoinAuctions . We are located in the US on the East Coast, I am usually online throughout the day if anyone needs me !
« Last Edit: July 07, 2014, 10:46:45 pm by altcoinauctions »
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MJ79

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Ok, so you're selling 75% of profits for 75.000 assets and you're keeping the equivalent of 25.000 assets for your website/yourself.

5 days ago, when you made this topic, you apparently valued your website at around 1 million dollar. (or you thought you needed around a 750 thousand dollar for marketing):

75.000*175*0,00009500*600=~750.000 dollar in asset sales, so 1 million dollar website value.

Now, 5 days later, this assessment apparently has changed to 240 thousand website value or 180 thousand for marketing.

75.000*50*0,00008000*600=~180.000 dollar in asset sales, so 240 thousand dollar website value.

So, what changed?
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altcoinauctions

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Ok, so you're selling 75% of profits for 75.000 assets and you're keeping the equivalent of 25.000 assets for your website/yourself.

5 days ago, when you made this topic, you apparently valued your website at around 1 million dollar. (or you thought you needed around a 750 thousand dollar for marketing):

75.000*175*0,00009500*600=~750.000 dollar in asset sales, so 1 million dollar website value.

Now, 5 days later, this assessment apparently has changed to 240 thousand website value or 180 thousand for marketing.

75.000*50*0,00008000*600=~180.000 dollar in asset sales, so 240 thousand dollar website value.

So, what changed?

Hi MJ79,
Not sure exactly what you are asking because I believe you answered your own question. We've had many people contacting us about the price per asset, so we decided to lower it to make it more feasible to future asset holders. As for being a marketing expert for over 12+ years now, marketing is key to the success of any business. So let's say 75,000 of all assets sold in one day, going off your math $240,000 would be the total received for marketing. With that $240,000 dollars we would be able to run a long term PPC campaign on Facebook being able to pin point everyone inside the AltCoin vertical. We would be able to accommodate around a $700 a day budget for marketing for the year (with our 25% profit cut on AltcoinAuctions we would be able to contribute to that also along with all the other expenses of maintaining and managing the business), which would drive 100% targeted traffic right to AltCoinAuctions. That will allow steady growth, and with steady growth it brings our Asset holders terrific ROI for life for doing nothing but investing into the asset. So yes we did bring down our price per asset 175 to 50, because we are for the community as the community will be holding 75% of the profits. Of course we will not sell 75,000 assets in one day, but it will happen overtime as the company grows. We do not expect users to buy our assets until we are showing profit, and when we have profit we can start predicting ROI per asset. Hopefully I answered what you were asking! Thanks!
« Last Edit: July 08, 2014, 12:09:25 am by altcoinauctions »
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Stadtfeger

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I can for now only warn everyone to invest !!!

for me it is unserious and reminds me very much of cryptomart. ( Asset founder no longer respond to the investors )
https://nxtforum.org/assets-board/%28ann%29%28cryptomart-auctions%29-an-online-auction-website/

Stay away.
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altcoinauctions

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I can for now only warn everyone to invest !!!

for me it is unserious and reminds me very much of cryptomart. ( Asset founder no longer respond to the investors )
https://nxtforum.org/assets-board/%28ann%29%28cryptomart-auctions%29-an-online-auction-website/

Stay away.

Hi Stadfeger,

We are nothing like cryptomart, as we are a completely different entity. Can you please explain how this is an unserious venture? We have invested a lot of time and money into this project already. We are offering FREE assets to NXT community members that have been scammed which means we are giving away free money for life. We are running buy backs at 45 NXT if users want to sell back their assets as a guarantee we are serious about this project. We are 100% fully functional, unlike cryptomart where we have escrow in place for over 50+ coins at the moment. We offer a live support with a click to chat on the website along with our IRC where I am available most of the day. Would appreciate if you could elaborate on your response! Thanks!
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ApoloTwo

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I can for now only warn everyone to invest !!!

for me it is unserious and reminds me very much of cryptomart. ( Asset founder no longer respond to the investors )
https://nxtforum.org/assets-board/%28ann%29%28cryptomart-auctions%29-an-online-auction-website/

Stay away.

Hi Stadfeger,

We are nothing like cryptomart, as we are a completely different entity. Can you please explain how this is an unserious venture? We have invested a lot of time and money into this project already. We are offering FREE assets to NXT community members that have been scammed which means we are giving away free money for life. We are running buy backs at 45 NXT if users want to sell back their assets as a guarantee we are serious about this project. We are 100% fully functional, unlike cryptomart where we have escrow in place for over 50+ coins at the moment. We offer a live support with a click to chat on the website along with our IRC where I am available most of the day. Would appreciate if you could elaborate on your response! Thanks!

I hope this is a joke, an Wordpress installation with a plugin on top of that. Not even a polished template...
Yes, you're nothing like cryptomart...
Any scriptkid can install an wordpress and make an website like that, which can be sql injected in 5 minutes...
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masterrobo

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I can for now only warn everyone to invest !!!

for me it is unserious and reminds me very much of cryptomart. ( Asset founder no longer respond to the investors )
https://nxtforum.org/assets-board/%28ann%29%28cryptomart-auctions%29-an-online-auction-website/

Stay away.

Hi Stadfeger,

We are nothing like cryptomart, as we are a completely different entity. Can you please explain how this is an unserious venture? We have invested a lot of time and money into this project already. We are offering FREE assets to NXT community members that have been scammed which means we are giving away free money for life. We are running buy backs at 45 NXT if users want to sell back their assets as a guarantee we are serious about this project. We are 100% fully functional, unlike cryptomart where we have escrow in place for over 50+ coins at the moment. We offer a live support with a click to chat on the website along with our IRC where I am available most of the day. Would appreciate if you could elaborate on your response! Thanks!

I hope this is a joke, an Wordpress installation with a plugin on top of that. Not even a polished template...
Yes, you're nothing like cryptomart...
Any scriptkid can install an wordpress and make an website like that, which can be sql injected in 5 minutes...
I think you have other more serious priorities than to worry about this lol.
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altcoinauctions

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I can for now only warn everyone to invest !!!

for me it is unserious and reminds me very much of cryptomart. ( Asset founder no longer respond to the investors )
https://nxtforum.org/assets-board/%28ann%29%28cryptomart-auctions%29-an-online-auction-website/

Stay away.

Hi Stadfeger,

We are nothing like cryptomart, as we are a completely different entity. Can you please explain how this is an unserious venture? We have invested a lot of time and money into this project already. We are offering FREE assets to NXT community members that have been scammed which means we are giving away free money for life. We are running buy backs at 45 NXT if users want to sell back their assets as a guarantee we are serious about this project. We are 100% fully functional, unlike cryptomart where we have escrow in place for over 50+ coins at the moment. We offer a live support with a click to chat on the website along with our IRC where I am available most of the day. Would appreciate if you could elaborate on your response! Thanks!

I hope this is a joke, an Wordpress installation with a plugin on top of that. Not even a polished template...
Yes, you're nothing like cryptomart...
Any scriptkid can install an wordpress and make an website like that, which can be sql injected in 5 minutes...

We have not fully launched yet as we are still implementing features, even our site as it stands now has more features than yours. I think you do not have the right to bash bud, when you go MIA on a project people spent quite a bit of money on. We have dedicated support, and non-stop working staff around the clock. We are not relying on asset sales to kickstart our business, as we have a marketing plan beyond your league. So stop using people's money for vacation, and take care of your own thread. Have a good day!
« Last Edit: July 10, 2014, 12:34:20 am by altcoinauctions »
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altcoinauctions

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Hello everyone! Thank you for everyone's interest in AltCoinAuctions! Just wanted to update everyone on what is going on.

- Have currently 9 active listings since the launch.
- We have 40+ members.
- The security has been upgraded, so no need to worry about those pesky hackers.
- Recently added SSL to AltCoinAuctions so you can now access the website from altcoinauctions.com .
- We have upgraded the design into more of a clean look.
- We are also still running our scam partial reimbursement. If you have been scammed by another asset please email us at Admin (at) altcoinauctions.com with proof and we will send you over some AltAuction Assets.
- Soon we will start sending dividends when sales start to happen. We are now giving the full 75% profit to the asset holders(Example* say there is only 2 asset holders right now and they each have 25 assets, we will split the profit between those two @ 37.5% each paid in NXT.
- Traffic so far from our marketing:




I am available throughout the day on Eastern Standard Time. You can contact me on here or via IRC: #AltCoinAuctions, Email: Admin (at) AltCoinAuctions.com, or shoot me a text or drop me a line: +17865743747

*Edit* Looks like we have received our first sale today!:

« Last Edit: July 21, 2014, 04:24:05 pm by altcoinauctions »
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altcoinauctions

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Have sent over 25 AltAuction Assets to Pinster because of the money he had lost from the CryptoMart Asset scam. We are sending out a total of 1000 AltAuction Assets to help investors recover from scams done on the AE. We also are starting on to phase 2 of marketing, pay per click. We have 2 items sold since launch. 75% of the profit will be split between the Asset holders on the 30th. Once again
I am available throughout the day on Eastern Standard Time. You can contact me on here or via IRC: #AltCoinAuctions, Email: Admin (at) AltCoinAuctions.com, or shoot me a text or drop me a line: +17865743747

Thanks!
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Sebastien256

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Have sent over 25 AltAuction Assets to Pinster because of the money he had lost from the CryptoMart Asset scam. We are sending out a total of 1000 AltAuction Assets to help investors recover from scams done on the AE.

Can I benefit of some too? I also got scam with CryptoMart Asset. Any help is welcome. Thx
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BlackFor3st

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Have sent over 25 AltAuction Assets to Pinster because of the money he had lost from the CryptoMart Asset scam. We are sending out a total of 1000 AltAuction Assets to help investors recover from scams done on the AE.

Can I benefit of some too? I also got scam with CryptoMart Asset. Any help is welcome. Thx
Same here.
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frohlocke

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Have sent over 25 AltAuction Assets to Pinster because of the money he had lost from the CryptoMart Asset scam. We are sending out a total of 1000 AltAuction Assets to help investors recover from scams done on the AE.

Can I benefit of some too? I also got scam with CryptoMart Asset. Any help is welcome. Thx
Same here.
I was also scammed by cryptomart! NXT-CDZV-JZKZ-EYDD-4XUG3
« Last Edit: July 23, 2014, 10:21:46 am by frohlocke »
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bitdraw

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does it mean, if i buy your asset you are going to give me some extra because i got scammed by cryptomart?
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altcoinauctions

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Hello everyone,

Thank you for your interest! Please private message me the details of the scam and your NXT address so I can document every reimbursement for the books. First payday is this 30th, everyone that has purchased assets also thanks for joining aboard!
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altcoinauctions

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We are still taking care of our scam victims!

Sebastien256 has been compensated.


Bitdraw has been also compensated.


Thank you everyone for your interest!
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paulscreen

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I'm very new to NXT (first post) and joined the forum to learn more about listing assets.  This thread caught my attention as I know a thing or two about auction sites, and can't see how what you are proposing is possible.  so I would like to know what are your revenue projections like?  If you are selling 75% of your business (and according to your post using that money for marketing), what's your financial motivation for actually RUNNING the site?

As an example.  Let's say your revenue 2.5% on sales, and there are $100,000 a month in sales.  So your revenue on that is $2500.  Of which 75% goes to asset holders, leaving you $625.  I would imagine you have a good few hundred dollars a month in costs, so you might have $300 a month left to pay yourself a salary.  Except that in order to run a site with a volume of $100,000 a month in sales, you actually need more than one person employed full time.  So who pays their salary?

Imagine your marketing was awesome and you actually managed to have 10x the volume at $1,000,000 per month in sales / $25,000 per month in revenue.  After giving away 75% of your profit to asset holders you're left with ~$6k a month for salaries and running costs.  That enough?  How many employees do you think you will need to support a business of that size?  I would say 4-5 at least.  So you need $300-$400k a year to cover those salaries.  I don't think your revenue (before giving profit's to asset holders) would even come close to covering that amount.  So what's the plan?

Or have I got it all wrong and you're paying NET profit to asset holders?  In which case things are not quite so bad for you as you can include your own salary (which is what?) in the costs, but pretty dire for asset holders.  You either pay yourself no wage, therefore have no motivation to actually run the site, and asset holders get a meager return, OR you pay yourself and your employees a salary and the asset holders get no dividend.

On another note, have you surveyed your competition?  Do you think you can compete for their business?
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