[ANN]Now Open: ShareBits CrowdDonations

[fuzzy]

Ronny and I paid freebies team the money we paid to ensure we had something to show the community before asking for donations.  This was very important for us because it is important to prove to the community we are willing to take the risk to prove the projects value...before asking the community to take that risk.  This is the intent whenever possible.

[kuro112]

if i did the math correct you are selling 11% of the fees is this correct?

so the project ist worth 100.000 USD?

so, what i miss is the businessplan. so will tipping in the future cost something? or where are all the fees are coming?

2. for what do you need the money?
3. how much was put in from the founders?

1)
were selling 80% of the fees, distributed as such:

55% to shareholders
35% to ccedk
10% to beyond bitcoin

the other 20% covers bitshares network fees and any remainder is allocated to shareholders.

250k ShareBits shares are issued, we are are selling 50k of the 250 for this crowd funder, the amount were asking for is 9 thousand usd

0.18 per sharebit

this puts the valuation at roughly 45 thousand usd.

2) this is the breakdown as such:

Work so far: 40~ hours @ 60$ / hour: 2400
Work planned: 40~ hours @ 60$ / hour: 2400
Server Cost for 1 year: 1200$
Ongoing Maintenance Costs ~20 hours per year: 1200
Additional Features for CCEDK ~30 hours: 1800

Total: 9000


work so far:

forum crawler bot
web front end
custom images / logos
misc maintenance

work planned:

reddit (done)
twitter (done)
facebook (done)
mumble (done)
disquis
medium
other social media platforms

additional features for ccedk:

fiat integration
open ledger api support
ccpayt integration


3) 2.4k usd from the founders was used to pay for 40 hours of development.

[tonyk]

if i did the math correct you are selling 11% of the fees is this correct?*

so the project ist worth 100.000 USD?**

so, what i miss is the businessplan. so will tipping in the future cost something? or where are all the fees are coming?

2. for what do you need the money?
3. how much was put in from the founders?

-*8.8% as of late...the graph changed.
-**was about 82K , now to a solid 102K

[Shentist]

if i did the math correct you are selling 11% of the fees is this correct?

so the project ist worth 100.000 USD?

so, what i miss is the businessplan. so will tipping in the future cost something? or where are all the fees are coming?

2. for what do you need the money?
3. how much was put in from the founders?

[luckybit]

 +5% +5% +5%

[Riverhead]

Answered in the first post after the ANN. Donations post $9k will be returned to sender in about a week.

I'm talking if we dont reach the 9k. You're talking if we go above 9k.

/Facepalm - sorry my bad.

Next question: If I hypothetically donate enough to get 1% of the 250k ShareBits would that mean I would get 1% of the 44% of the fees allocated to Sharebits, or, in other words, owning 1% of the 250k would be earning 0.44% of all fees generated by the enterprise?

[Akado]

What if the 9k isn't reached, let's say you get 5k, will the 50k sharebits be distributed through the donators as well? meaning each person who donated gets more share bits?

One thing I might have missed or you didn't mention, people don't need to tip ShareBits, they will be able to tip bitUSD, bitAsset BEER, bitAsset COFFEE, bitCNY, etc, right?

Yes, you will be able to tip any bitshares UIA or bitassets.

You missed the first question.

Answered in the first post after the ANN. Donations post $9k will be returned to sender in about a week.

I'm talking if we dont reach the 9k. You're talking if we go above 9k.

[Riverhead]

What if the 9k isn't reached, let's say you get 5k, will the 50k sharebits be distributed through the donators as well? meaning each person who donated gets more share bits?

One thing I might have missed or you didn't mention, people don't need to tip ShareBits, they will be able to tip bitUSD, bitAsset BEER, bitAsset COFFEE, bitCNY, etc, right?

Yes, you will be able to tip any bitshares UIA or bitassets.

You missed the first question.

Answered in the first post after the ANN. Donations post $9k will be returned to sender in about a week.

[Akado]

What if the 9k isn't reached, let's say you get 5k, will the 50k sharebits be distributed through the donators as well? meaning each person who donated gets more share bits?

One thing I might have missed or you didn't mention, people don't need to tip ShareBits, they will be able to tip bitUSD, bitAsset BEER, bitAsset COFFEE, bitCNY, etc, right?

Yes, you will be able to tip any bitshares UIA or bitassets.

You missed the first question.

[fuzzy]

do i understand it correct that beyoind and ccedk gets fees directly and via sharebits?

Yes, that is what was agreed upon in our meetings.

Perhaps @Freebieservers and @ccedk would like to comment further. 
The current breakdown for this, however, is:
20% of tx fees to BTS
15% of tx fees to CCEDK
10% of tx fees to Beyond Bitcoin
55% of tx fees to ShareBits

[fuzzy]

What if the 9k isn't reached, let's say you get 5k, will the 50k sharebits be distributed through the donators as well? meaning each person who donated gets more share bits?

One thing I might have missed or you didn't mention, people don't need to tip ShareBits, they will be able to tip bitUSD, bitAsset BEER, bitAsset COFFEE, bitCNY, etc, right?

Yes, you will be able to tip any bitshares UIA or bitassets.

[rgcrypto]

I will definitely use this service and if I can unlock my funds before it's too late.

[Shentist]

do i understand it correct that beyoind and ccedk gets fees directly and via sharebits?

[Akado]

What if the 9k isn't reached, let's say you get 5k, will the 50k sharebits be distributed through the donators as well? meaning each person who donated gets more share bits?

One thing I might have missed or you didn't mention, people don't need to tip ShareBits, they will be able to tip bitUSD, bitAsset BEER, bitAsset COFFEE, bitCNY, etc, right?

[fuzzy]

**Note**
Once we receive full funding, all donations that come in after the $9k goal is met will be returned within 1 week of being sent.