The NuBits project needs access to a cryptoasset exchange test environment to finalize our testing prior to public launch. We are happy to pay $2000 (in BTC or PPC) to have it provided. Additionally, an exchange that provides us this important resource may also purchase shares after being fully informed of the details of our project (prior to public release).
We will need you to add an exchange pair to your test environment and give all the NuBits team members test accounts with funny money in them.
You can contact me to discuss this further at jlee at vistomail dot com or the Bitmessage address below.
Prices of an IPO are typically set by public demand. If an exchange is allowed to purchase shares prior to the public’s ability to do so, how will a fair price be determined? What if the exchange desires to purchase all outstanding shares, obtaining a monopoly on the publicly-traded portion of your IPO? This offer seems to have too little transparency.
Prices of an IPO are typically set by public demand. If an exchange is allowed to purchase shares prior to the public’s ability to do so, how will a fair price be determined? What if the exchange desires to purchase all outstanding shares, obtaining a monopoly on the publicly-traded portion of your IPO? This offer seems to have too little transparency.[/quote]
Good questions, he did mention this would happen when he initially announced NuBits though.
As many of you know, I have not felt comfortable selling a product that doesn't exist. This will not be an issue preventing investment or broader participation in the NuBits project much longer. Soon we expect to have our production network and client up and running, at which time we will begin to look for investors who would like to purchase our Peershares and participate in the NuBits project. Potential investors will receive extremely detailed information about the NuBits project and a client they can use to connect to the production network. This wave of investors will be people who have demonstrated a capacity to benefit cryptoasset projects such as developers, marketers, testers and active forum participants. People who purchase our Peershares will be business partners, so we want to select them carefully. Later we will sell shares to people who's primary contribution is financial. All proceeds from the sale of our Peershares will be used in the interest of shareholders, particularly for operating and development expenses. We expect the project to be very well funded and experience explosive growth.
Prices of an IPO are typically set by public demand. If an exchange is allowed to purchase shares prior to the public’s ability to do so, how will a fair price be determined? What if the exchange desires to purchase all outstanding shares, obtaining a monopoly on the publicly-traded portion of your IPO? This offer seems to have too little transparency.[/quote]
There will be no IPO. We are hand picking investors for their ability to contribute to the success of the venture. There is already a market price for shares. We are limiting the number of shares each contributor can purchase to provide the decentralization our project needs to thrive.
Are there any public informations about the process of picking these investors or who you have picked? And in about what price ranges are we talking, 1K, 10K or 100K USD from one investor prior the public launch?