Quote from: fav on October 27, 2015, 11:55:08 AM
to evaluate you business - what are you current fees?

@fav our current shapeshift like businessmodel charges 0.3 % transaction fee in total we make each month 1 BTC with 40 BTC in liquidity or (15% each year for 50% of the fees 1/2 *12 month)

we expect with more liquidity and running market makers on our DEX UIAs (BTC, NXT, ETH etc.) we will make something similar, so we expect to have a buyback volumen of 10-15% of the raised capital.

1 important point: we don't sell this amounts we collect to fund our livestyle. We collect it, because we have the need to run market makers with liquidity. So if we have to shutdown metaexchange in the future
we will buyback everything with the liquiditypool funds at this point in time.

Nice!  +5%

If you gonna offer margin trading, I was wondering what is stopping you from implementing the whole thing:

https://bitsharestalk.org/index.php/topic,19249.msg247254.html#msg247254

Quote from: topcandle on October 27, 2015, 01:11:30 PM
Why don't you guys open up UIA pegged assets for popular stock markets: SPY, APPL, etc, and market those as well?

We could run BTS markets for MPA's NASDACQ and SHENZEN, but this might be a future option :)

excellent!

I also have a little shares of the Nxt DEX. I am glad to see bitshares DEX start to surpport some shares exchange.

Why don't you guys open up UIA pegged assets for popular stock markets: SPY, APPL, etc, and market those as well?

Quote from: luckybit on October 27, 2015, 11:37:28 AM
+5%
You just started a trend. Now all the exchanges will have to do something similar to be competitive.

I have to say though, brilliant move and excellent timing. It's also a good way to test the power of Bitshares 2.0 but I say while you should launch on Bitsharestalk you should also promote on the Reddit and on Bitcointalk.

A lot of people check Bitcointalk, or even Bitcoinmarkets on Reddit.

Thanks! Yes, once we have bitshares 2.0 integration done, we will be linking to the bitshares web wallet from metaexchange with instructions on how to invest, so we're hoping to attract some non bitshares users from bitcointalk and elsewhere :)

to evaluate you business - what are you current fees?

Quote from: luckybit on October 27, 2015, 11:37:28 AM
+5%
You just started a trend. Now all the exchanges will have to do something similar to be competitive.

I have to say though, brilliant move and excellent timing. It's also a good way to test the power of Bitshares 2.0 but I say while you should launch on Bitsharestalk you should also promote on the Reddit and on Bitcointalk.

A lot of people check Bitcointalk, or even Bitcoinmarkets on Reddit.

good catch

In :D

 +5%
You just started a trend. Now all the exchanges will have to do something similar to be competitive.

I have to say though, brilliant move and excellent timing. It's also a good way to test the power of Bitshares 2.0 but I say while you should launch on Bitsharestalk you should also promote on the Reddit and on Bitcointalk.

A lot of people check Bitcointalk, or even Bitcoinmarkets on Reddit.

 +5%

Good one!  +5%

Finally!!! Thanks

Have you considered selling your token against USD instead?

very good, you should also open a faucet account, and give the profit to the share holders.

Hi everyone,

Metaexchange is the original bitshares gateway, so far we have processed 2720 BTC across 5 markets and we are the first and only instant exchange to offer limit orders, and the only instant exchange with integrated market makers to offer you the best prices.

We are now offering a chance to share in our success: METAFEES UIA!

The METAFEES asset represents the fees we generate from running metaexchange. Our fees will be divided between the number of METAFEES which sell. For example, If there were 100 METAFEES sold in total, those 100 shares will get 50% of the fees we generate between them. There are 10000 for sale and 2000 are held by monsterer and shentist and backed with the already existing liquidity of 40 BTC. We hope to raise 200 BTC in total, pricing each share at 0.02 BTC.

We will buy back the METAFEES asset monthly with 50% of our collected fees on the open market, thereby raising the value of asset.

The fundraiser will run for 60 days, starting today!

Fees
To date we have processed 2720 BTC of transactions, resulting in fees of 8.16 BTC and we expect this to increase dramatically as we add extra liquidity, more markets, Bitshares UIA coin tokens and margin trading.

With only 40 BTC of bootstrapped liquidity we made trading fees of 8.16 BTC, so we're very excited about what we can do with 200 BTC!

Buyback
Every month we will publish the earned fees and we will announce in advance how many METAFEES we will buy back in BTC, NXT, ETH etc. This will lead to a constant buy pressure for the METAFEES asset, raising its value.

Our plans
We will use the funds raised only to increase the liquidity in the markets that we offer and to add new Bitshares UIAs representing each of the coin types we support, such as Bitcoin, Ethereum and Nxt, to give you a chance to trade these tokens on the Bitshares DEX with full redeemability to the real thing. So each METAFEES purchase that you make furthers Bitshares itself as well as metaexchange. Further, we will add Bitshares DEX market markers (using our propitiatory technology) to these new UIA token markets adding the liquidity that traders demand. For example we will create (BTC, NXT, ETH and any new coin we provide as an UIA) along with a market maker in the primary BTS market for each one.

We aim to become the number one instant exchange. We will achieve this by offering the best available liquidity in the markets we serve, combined with ground breaking features. We are already the only instant exchange in the world to offer limit orders and relative limit orders without requiring an account or registration.

In the future we plan to offer leveraged margin trading, which will allow anyone posting collateral to go long or short on their favourite coin with leverage without requiring an account. The funds we raise will allow us to achieve this by lending out our liquidity to margin traders, for a small lending fee (which will be paid, in part to holders of METAFEES) and our standard trading fee.

We will also share 50% of the fees we generate through UIA trading, any withdrawal fees, and Bitshares referrals.

Competition
Our main competition is shapeshift.io who recently raised £1.2M in funding for 30% of their business, valuing them at £4M. They work using the reseller model, buying their inventories from major exchanges after each trade. This model relies on the liquidity of the exchanges they use and also has the associated counterparty risk of having a float in the exchange's wallet. Metaexchange works by making markets - we are a liquidity provider and as such, have the potential to offer far superior spreads without the associated counterparty risk.

Risk
As with any fund-raiser, there is associated risk. Particularly with digital currency services, the risk of being hacked is the primary concern. We use best practices in security, particularly with site/wallet separation and server hardening and have a running $500 bounty available for any discovered exploit. Even so, this risk is still present. Also, the regulatory environment could change unfavourably towards crypto-currency only exchanges. There is also market making risk; if our losses from market making exceed the amount we charge in fees, there will be a gap in fee payments.
If for any reason, metaexchange shuts down, we will use our liquidity pool to buy outstanding METAFEES back.

How to buy
You can purchase the METAFEES asset which represents our shares, initially on the Bitshares DEX (priced in BTS) and later on metaexchange itself priced in ETH, BTC and NXT, once we finish out Bitshares 2.0 integration.

The price of METAFEES in each market is calculated to have the same value as if you purchased from the BTC market. We have multiple markets to buy from because we have multiple market makers in metaexchange - for example, if you buy METAFEES using BTS, you will contribute toward ours BTS/BTC market.

METAFEES are listed on the Bitshares DEX, market: METAFEES/BTS

https://bitshares.openledger.info/#/exchange/trade/METAFEES_BTS

...and now on metaexhange:

https://metaexchange.info/markets/METAFEES/BTC
https://metaexchange.info/markets/METAFEES/ETH
https://metaexchange.info/markets/METAFEES/NXT

Disclaimer

We make no guarantee about the future value or returns related to the METAFEES asset and all purchases are at the buyers risk. This is not an investment proposition, or a binding contract. We are not liable for any losses incurred, direct or indirect by participating in this fundraiser.

Any questions, please post them here, thanks for reading!

monsterer/shentist