FAD - feed a developer
-
@nameless Just bought 150 fad shares.. :)
-
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?
-
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.
-
Reading this makes me even more sure that FAD is a worthy asset to invest in!
-
-
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... :)
-
@nameless
Great! Thanks for the clarification, this question I also was interested in )
-
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.
-
please see this: http://forums.burst-team.us:4567/topic/3530/the-massive-proposal
-
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!
-
Ok, FAD redemption is officially starting. Please follow the instructions in this thread: http://forums.burst-team.us:4567/topic/3652/redemption-of-nameles-s-assets
-
@nameless do you intend to release a crowfund to feed Devs, I would very Much love to continue to contribute
-
@dagentlemang said in FAD - feed a developer:
@nameless do you intend to release a crowfund to feed Devs, I would very Much love to continue to contribute
well, 402 is going to take over the feeding part... as i said, i'm guaranteeing for 400k BURST a month to feed the poor bastards...
if you'd like to help out and buy our team of monkeys with wrenches some shiny stuff, please get in touch with Crow. he'll give you a BURST addy where you can send stuff
-
@nameless Thank you kindly.. :)



