FAD - feed a developer
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I took the opportunity and sent 200k BURST towards @dagentlemang 's venture : http://forums.burst-team.us:4567/topic/2903/call-to-arms-a-burst-media-promotional-contest-485-5k-burstcoin-pot
I will replace the 200k BURST value i borrowed from FAD as soon as the market opens. I will put 160 USD into the forex account instead :)
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@nameless WOW the contest will have a prize so big hahaha Already almost 700k on the prize xD
I will try to grab some more shares as soon as i have available funds... This is selling FAST (as all your other assets) man?!
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@gpedro said in FAD - feed a developer:
This is selling FAST (as all your other assets) man?!
Yeah..people seem to fancy my assets a lot for some reason. That concerns me a bit because i would like them to invest into other assets as well.
Starting from now, FAD will be the only one i will sell until cap is reached, and i stop. NEWSILVER has stopped selling a few weeks ago, and i will retract ALL 402 sales for a looong time (at least 6-12 months).
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@nameless said in FAD - feed a developer:
Yeah..people seem to fancy my assets a lot for some reason.
The reason are your sexy divys hahahaha
Like i said i will grab some FAD as soon as i have some more funds available... hope they don't sold out before that xD
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@gpedro i highly doubt it will be sold out soon. don't worry.
the good news however is that i might be able to work out an OTC deal with someone that wants BURST, and i can exchange it all for BTC without affecting the market or the price :)
90% of all the burst i raised in my assets was sold OTC anyway ... might as well continue the tradition
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@nameless I know about that and i really appreciate those market moves you are good at buddy ;D
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@nameless I will try buy some tomorrow, i get my sig payment from btctalk tomorrow so will buy some burst. What is the asset i.d so I can locate it in my Burst wallet so I can buy it thank you :)
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@qibucks , asset id: 4365263114597251978
thanks in advance for helping this happen :)
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@nameless said in FAD - feed a developer:
4365263114597251978
haha how can the burst bag lady miss this one lol? I just pray you don't sell out by tomorrow.. please save at least 0.02 btc for me of it.. I will try buy more if I get another payout form another place as well..
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@nameless said in FAD - feed a developer:
Damn... someone bought 6.5 mil BURST worth ....
Nice! I just bought 65 more shares as a symbolic token of gratitude to the 6.5m mystery man/woman!
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@nameless Just bought 150 fad shares.. :)
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Hi @nameless! You write that the projected ROI of 8-15% per month (in BURST?).
And if the price of BURST in respect of BITCOIN will grow in 5 times, how you will be able to achieve this figure? You will reduce your ROI?
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Hi @emcb ,
You brought up a very valid point just now. There are a few things that i have to mention that might clear your question.
First of all, the ROI is projected . When one faces a projected ROI, it brings no guarantee . I could project a 100% ROI if i wanted but only bring in 1%, because that's the best i can do.... but that's not the case. Given my trading track record and history in BURST, as long as BURST price is under 100 satoshi a piece, that max 15% ROI is achievable. As BURST price rises, that maximum is slowly decreasing because my earnings come from BTC and USD. So, if let's say that BURST price would go 5x, that means that i will bring in that marginal 4-5% to the investors, but nothing into the development fund. This strategy of dividend structure was conceived to make sure that investors come first ALWAYS.
Now let's presume for a second that BURST goes to 500 a piece and i can only make enough to pay the investors. We will be faced with a tough decision - keep it going, and only pay the investors, and hope that the burst price will fall a bit so we can give to the developers as well, or investors agree to receive a bit less in dividend and the remainder is to be given to the developers.
That being said, i have to also mention that i have a few fail-safes in place just in case a scenario like this happens. I always keep 10 million BURST of my own in reserve to combat the unpredictable. If BURST price was to skyrocket and not come down, i would sell off some or all of my 10 mil and donate it to the FAD fund to insure the continuous payments into the dev fund.
When i started this venture, i started it in mind with all these scenarios and took the necessary precautions . I have a few more fail-safes and additions that the core team members know of. Those additions are to be instated regardless of the BURST price when the time comes. I will be doing a ton of stuff on behalf of FAD that will extend beyond BURST as a coin and platform. It's a bit complicated to explain without giving it away...
Anyway, long story short, i hope i managed to get my point through that i am prepared for a coin rise in price, i have fail-safes and the investors will always come first.
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Reading this makes me even more sure that FAD is a worthy asset to invest in!
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Btw, this reminds me... i pulled all the sell orders for now. If i keep selling non-stop till the end of the month, it makes is very hard to achieve the high ROI.
So what's going to happen is that i will be selling shares for the first week of each month, pull it and then sell again next month. I need those 3 remaining weeks to trade and work my magic. Plus, we don't have that many left anyway... :)
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@nameless
Great! Thanks for the clarification, this question I also was interested in )
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600k just went out in dividends to you kids.
This is the dividend for DECEMBER !!!! The one for january will come in about 2 weeks when it's due. Sorry for the delay, but yeah...circumstances
I'll get in touch with crow and send the devs part as well.
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please see this: http://forums.burst-team.us:4567/topic/3530/the-massive-proposal
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The final FAD dividend has just left the building. It's a tiny bit smaller than usual, but given the fact that i was gone for nearly a month and had no trading capability, i still think it's as tangible as they get.
That being said, i officially declare this asset closed.
This will be the first asset i start redeeming for 402 shares. I will post the instructions shortly.
Thank you all for being with me on this one, and i'm looking forward to carying on the spirit of FAD over to 402!


