This might have been the case Iām not sure, but the result is the same no funds for BKS.
[quote]I canāt tell how the feedback by PM to your offer is, but I wouldnāt be very surprised it not too many were willing to sell now and that price.
They might agree with what you said: [/quote]
Those who are looking to sell now have the option of a guaranteed sale of their sales on a fixed price (which I think is a fair one) or to take a gamble and see if they can get more for their shares on the open market. I think both options are very reasonable. Itās a risk vs reward trade-off. Less risk less reward or more risk and possibly more reward.
Itās a matter whether someone is willing to invest in an experimental start up. Itās just not for everyone, also with the current market I could very well imagine people wanting to sell out as quick as possible, to use those funds for other interesting opportunities. Lots of market movement right now the more funds you have right now combined with a keen trading sense could net you a lot of profit. I myself have contemplated using my funds on other coins (for example LTC/NMC/PPC) and using the profit it might net me to buy addition BKS on the market later on.
[quote]As BCE is being created from Nu 2.0 code it should have an embedded function to create BKS at shareholdersā will to fund additional development - whenever it makes sense for the BKS holders to do that.
That would allow to burn unsold BKS now and create them later with a BKS grant.
The sale can continue once the demand is high enough to sell BKS at above $4 ;)[/quote]
Iām well aware of that but it will mean no funds right now, Iāll explain later why I feel this is important. Also as a shareholder I would be hesitant with generating additional BKS later on. Once weāre at a point they can easily be sold for more than $4 dollar each the exchange is probably already generating revenue. Iād rather have part of that revenue used for additional funds later on instead of diluting existing shares.
[quote]That and a lot of other unique features are the reason why the BKS holders would be wise to stop selling BKS at $4 until something can be seen and people start to believe in BCE.
The funding for the basic functions has been achieved.
Calling the sale off makes more sense than continuing it at the moment.
Once BCE is up and running and people are overwhelmed by it, the price per BKS can easily be way above $4!
Iām going to prepare a draft for a motion to take that into regard:
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either halt the auction until a certain milestone has been reached
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e.g. order messages are available at BCE
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the first fill has been completed
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whatever seems appropriate and likely to reach consensus
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or adjust the BKS auction price to a level above the current level. This could be a viable way to prevent the BKS from plummeting once BKS reaches exchanges.
Itās correct - why should anybody pay above $4.08 if thatās the price for which they can be obtained at the BKS auction for $4.08? Only people who want buy less than the minimum BKS batch (āMinimum total purchase is 500 USDā) would be willing to pay $4.08 or more at an exchange.
But what happens to the price level at exchanges if the BKS sale is not continued at $4.08, but for $6?[/quote]
This is where we completely disagree, Iāll also post my reasoning in your draft proposal topic.
Essentially my reasoning comes down to this, you can only make a first impression once so letās try and make the best one? I think it would be much much better for B8C Exchange if we could launch it with additional features which have not been funded yet. Mainly a fully-fledged online wallet function, which could be a selling point of equal footing to being a decentralized exchange. And also a mobile app for both the wallet and exchange functions.
Just imagine if we could launch the exchange as both an 100% decentralized exchange as well as worldās safest online wallet, complete with mobile support for android and IOS. A wallet which is not only the safest online wallet but which would allow instant trading in the same app on your phone on worldās safest exchange with funds directly coming from your wallet without the need of having to transfer them to an exchange account. And all of this in 1 app. Now if we could get this up and running on release of the exchange I just canāt even imagine the success it will have. This is like every traders dream, or at least as a trader itās my dream
Now Iām sure we need a lot of extra funding for this to become reality which is why in my opinion we NEED to sell the remaining Blockshares. Sell those shares now, maybe even cheaper than the current rate or in some kind of sale format where the more you buy the cheaper you get them. Like say 4% discount for every 1000 BKS you buy up to like 40% discount if you buy 10000 BKS. With the goal of generating additional funds so we can launch not a basic version of worldās first decentralized exchange but we can launch worldās best, safest, decentralized exchange and wallet all in 1 convenient package, including mobile support.