Author Topic: DACX a China crowd founding company based on bitshares.  (Read 9931 times)

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Offline BunkerChainLabs-DataSecurityNode

Really nice.. one of many more awesome UIA uses to come!  +5%

Hope this helps with bitshares user base out of China!
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Offline donkeypong

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That's great exposure. Kudos to DACX.

Offline CLains

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Offline MrJeans

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Fantastic :D

I believe this goes to show that market issued assets of stocks could be a cool function of bitshares.

Did we solve the stock split issue yet?

Offline btswildpig

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I bought based on this.

Saturday night, prime time segment on ICS about a BitShares related company with quite a few mentions of BitShares and cutaways of the BitShares wallet itself. I think this is probably the best media exposure BitShares has got to date.

Bought bts or the asset? isnt the asset representing apple stock, issued from dacx?

I bought a little BTS.

I think the market will view it positively that there are credible businesses forming around and based on BTS and that they and BTS are starting to get some decent press/media exposure.

Most people on the market already know about the rough news since it was announced two months ago .
It's not something that'll drive the price up in a heart beat . It'll be a step towards actual usefulness for BitCNY , so I think in theory the benefit will be long term but not short term .

There is another report weeks ago , but didn't mention BitShares specifically , I can't find the link in short time . Although a brief moment on the video report , "BTSBOTS.com" "BitCNY" was on a white board in the office .   :P
« Last Edit: May 02, 2015, 07:01:38 pm by btswildpig »
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.

Offline matt608

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Good coverage!  Does Dacx pay a UIA registration fee for each BTA?  How much?

The mother UIA  (that's what I call it )  "BDR" cost 0.5 million BTS three months ago (nearly) .
The son UIA "BDR.AAPL" etc cost 500BTS each back then .
If they have more to issue , then it'll be 5000BTS each now .
So the total cost will be 0.5 million + (  X )  .

ok thanks wildpig.  Oh yeah, I mean't BDR (not BTA).

Offline Ben Mason

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Offline btswildpig

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Good coverage!  Does Dacx pay a UIA registration fee for each BTA?  How much?

The mother UIA  (that's what I call it )  "BDR" cost 0.5 million BTS three months ago (nearly) .
The son UIA "BDR.AAPL" etc cost 500BTS each back then .
If they have more to issue , then it'll be 5000BTS each now .
So the total cost will be 0.5 million + (  X )  .
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.

Offline btswildpig

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Does DACx accept Yuan (via their website) which gets converted to BitCNY, which trades against BDR.AAPL? How does that work?

What advantage does DACx get by using BTS as a backend? They could just accept CNY themselves without any transaction fees.

Their job is to collect the Yuan (fiat and BitCNY accepted),  do the named stuff with the money , and issue BDR in BitShares and send to the customers .
After that , it can't be traded on the website . The website can help customers submit order in BitShares wallet market to trade . In the end the trading will have to happen inside
BitShares with BitCNY since the platform itself is not suppose to match orders on the website for customers . So BitShares is the end game for this business model that other crowd-funding platform don't have to make the project liquid .

Although with the current wallet , I don't expect they'll have many volume anytime soon since even someone experienced as me can't open the wallet now .  :'(
« Last Edit: May 02, 2015, 06:52:33 pm by btswildpig »
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.

Offline matt608

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Good coverage!  Does Dacx pay a UIA registration fee for each BTA?  How much?

Offline testz

Wow I cant believe I havent heard of this before.

Thanks Xeldal, but how do I found out which other asset BDR.SPY for example is trading against the most? Im searching for it but there is loads of pairs with 0 volume.

The exchange page really needs to show a hot markets page.

Edit: This is the kind of news that we've all been waiting for - companies integrating & leveraging the BitShares blockchain. I bet this is the kind of announcement Bytemaster was hoping to save until the Summer :D

https://translate.google.com/translate?sl=zh-CN&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=dacx.com&edit-text=&act=url

They have it listed on dacx.com under "nearing completion" so I would guess its not yet been purchased, so not yet available.
Target 15,000 RMB - 35% funded so far.

Look here: https://www.dacx.com/explore/fea/successful

Offline speedy

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Does DACx accept Yuan (via their website) which gets converted to BitCNY, which trades against BDR.AAPL? How does that work?

What advantage does DACx get by using BTS as a backend? They could just accept CNY themselves without any transaction fees.

Offline btswildpig

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So has DACx created UIAs for US stocks so that Chinese can buy them?

The platform and the initiator of the specific project control the subject matter . The UIA is for sharing the economical gain(lost) of the subject matter .
Through UIA in BitShares , the economical right can be made liquid , unlike the traditional crowd-funding platforms .
Stock is just an example . Other projects like the equity of a start-up company can be traded on the blockchain under this model .

And BTA (BitCNY) will benefit from the trading once the business grows . ( of course ,assuming the wallet will be improved so that normal people can trade easily ) .

It's a trust-based model . In the end , you have to trust DACx and the initiator will back the UIA . Just like you have to trust BTC38,coinbase,BTC-e to back your "balance" .
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.

Xeldal

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Wow I cant believe I havent heard of this before.

Thanks Xeldal, but how do I found out which other asset BDR.SPY for example is trading against the most? Im searching for it but there is loads of pairs with 0 volume.

The exchange page really needs to show a hot markets page.

Edit: This is the kind of news that we've all been waiting for - companies integrating & leveraging the BitShares blockchain. I bet this is the kind of announcement Bytemaster was hoping to save until the Summer :D

https://translate.google.com/translate?sl=zh-CN&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=dacx.com&edit-text=&act=url

They have it listed on dacx.com under "nearing completion" so I would guess its not yet been purchased, so not yet available.
Target 15,000 RMB - 35% funded so far.

Offline Akado

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Tesla, yeah  8)

This would be worth an article on a media site... people would see BitShares is not dead. but then again, i dont mind having the price this low
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