What do you see as the benefit of getting on another exchange?
Do you think additional exchange will dilute the volume?
What trade pairs are initially being offered?
Do any of the non-profits that wish to liquidate benefit from a new exchange? For example, a BBP to USD pair and easy withdrawal might streamline the process for USA non-profits?
These are good questions, and be assured that I am of course very cautious now after getting burned and seeing some of the assumptions go down the toilet.
However fortunately I also had (a short run) at success, when we were listed on bittrex with gridcoin (although, later they dropped us due to the NY SEC regulations), but, this is still a relationship that makes a stand as related to bbp.
So I feel that our non-profits would not gain much of a benefit by having us on yet another exchange, unless liquidity deepens and our price rises.
However, I don't feel that our price is diluted by being on an additional exchange; I feel adding Europe to the mix strengthens BBP in areas where we don't have traders. I do believe the unique monthly web visits and unique accounts on coinsbit may increase our total volume, but this is speculative.
When GRC was listed on Bittrex, the price went from 30 satoshi to about 100 overnight and stayed there for as long as we were on bittrex. So, the unique account breadth can certainly help BBP, if Coinsbit is as big or bigger than bittrex.
This is the point I feel we missed with our last deal. I was relatively certain that the deal would be at least a lateral move (where we increase our price a few sats and are able to pay for the deal). I didnt expect it to do absolutely nothing.
So, this is the essence of the deal, if coinsbit has "real" volume, and not "fake" volume, and "real" distinct accounts, I think it would be worth 1 btc - primarily because of how much we have at stake now - another words, this additional deal may 'average out' our last bad deals if we are lucky, and pull us out of the dumps, or at worst we go sideways and have a long back bill to pay - but gain a quality exchange for the future.
EDIT:
The pair would be BTC/BBP. I sent an e-mail to Nick to double confirm this would be the case.