Margin by FrilledShark



  • Margins payout day will not always be on the 1'st. I will create buy order under the average and try to create a bigger order book. If the order get filled, I will payout the same day. I will raise the price with 1 satoshi each day starting from 1 satoshi under highest buy order.

    I will also be changing Margin profit calculations. They will now be taken from my trade history instead of total balance. This will shows an earned amount instead of a wallet holding X BTC.
    0_1456815636916_Skærmbillede 2016-03-01 kl. 07.50.31.png 20% of the total amount goes to reinvestment and 5% to me. Keep in mind that the last 5% is not always 5%, this percentage might be lower. After the 20% is removed, a total of 0.00791361 BTC are going to be exchanged to Burst. There is no random magic in the higer funds compared to 4 days ago. All lending (Also margin lending) creates days were people pays for the loan.

    This month I will be giving 3.98% of my percentage back to Margin holders. Leaving me with 1.02% for maintenance of the bot. The total payout is 0.00781271 BTC.

    Someone have bought a lot of Margin at the last moment (around 0.3 BTC worth of Margin) This has reduced the payout percentage, but we are still above the important 1%.

    I won't go into all details here. If you have any questions, you are more then welcome to PM me.

    Edit: Buy order at 31.



  • The burst have been bought and sent to our holders.
    I bought at 33 burst, this has been a little late and a little higher then expected. This is in total 23 932 burst. This is a little below 1% in burst, but above in bitcoin value (Burst price has raised from around 20 to 33). If burst falls below 28 again, the bitcoin value is higer then the burst value. This means that 1% in bitcoin would be more then 1% of burst coin.
    Of the 23 932 bursts I will be paid 304 burst for maintenance. This is 1.02% of the total earned amount.

    Margin (12352013921347055881) Total found assets: 1000000, Assets to be distributed: 50063.6
    Summary of proposed distribution of 23616BURST to 10
    Based on asset holders at timestamp 49466105 (Sat, 20 Jun 2015 00:35:05 GMT)

    Number of assets, Account, Payout amount
    20000, BURST-EEWX-K3D3-ZWNM-3SDPX, 9434.39944391
    10000, BURST-GGPX-PP5S-LAGP-CBGCU, 4717.19972195
    10000, BURST-79PK-DGC2-M4XP-HUAVB, 4717.19972195
    5000, BURST-UPJN-GJ2M-AVTV-A6VZW, 2358.59986098
    4000, BURST-ACGB-YGHQ-G9ZL-5XD7U, 1886.87988878
    540, BURST-VJPX-YHKZ-MBN4-866X5, 254.72878499
    280.7, BURST-QUZQ-LMPD-KBWS-EC5FT, 132.4117962
    199.9, BURST-FLWM-RWJJ-8XBF-74Q5U, 94.29682244
    35, BURST-83BD-TN5M-DYNV-6XXR4, 16.51019903
    8, BURST-XWGL-B3VC-P9UW-68WQ3, 3.77375978

    Agian... PM if you would like a better explanation.



  • I have now exchanged the bitcoins to burst and they have been sent to our holders.
    0_1459671078775_Skærmbillede 2016-04-03 kl. 10.10.08.png I have taken my 5% to pay for some changes I will make to my assets and mangement, 20% has been reinvested and are working again. I can't say anything about next mouth, but don't expect next mouth to be as good as this. (Over 5% interest (in BTC)). :smile:

    Doesn't work, but you are welcome to post your opinion here.
    I have created a poll over at BURST-9YGR-CMJU-MLFL-2EGMT. You can vote on the future of Margin. The more Margin you holds, the more impact you have. I need to hear what people want.
    The problem is, If I sells burst at X price and the price goes above X. Someone can use our feature of buyback and take funds from other users. This way we could run out of funds. The idea with the second asset is to provide a more stable and secure way for investors and other people to earn interest. We could also simply remove buyback... Plz vote, I need to hear what the people say.
    (Vote using the online wallet and go to Services -> dividends+ -> vote in poll and enter BURST-9YGR-CMJU-MLFL-2EGMT.)

    For payouts look at:
    http://pastebin.com/jvwUnH5S



  • Thanks bro, keep up the good work and I'll soon have a lot of investors coming your way.



  • @crowetic
    I will do my best. I'm working hard on both of my assets, right now I'm holding a contest for a logo for Vector and Margin. If any of you guys like a particular logo, tell me!

    On the other hand. I have removed the buyback feature from Margin. Nobody has said anything and it's what I think is the best. This will also create open market below the 50 burst.
    Margin V.BTC: This asset will be created when(if) bitcoin gets its own asset exchange. (Counterparty doesn't count)

    Feedback is (as always) appreciated.



  • One again. Bought at 40 sat, 28277.95 burst paid out.
    http://pastebin.com/HsX8tLuE



  • Dividends will be delayed, I will try to get them sent tomorrow. I'm sorry, but my real life is pretty hard right now.



  • @FrilledFish I am a little confused by what does this do if I buy shares in this? I have always been confused by the asset exchange.



  • @mathew
    When you buy 1 asset, you buy 1 share of the total payout of the asset. Take margin as an example. It has 1000000 Shares in total, therefore if you buy 100, you get 0.0001% of the total payout (If every asset was sold.) Currently you get a lot more, because not every asset has been sold.

    @ALL
    Payouts just around the corner



  • My bot was down for the whole month, so I have paid this one from my own pockets.
    http://pastebin.com/MdUi8kyV
    If you want proof, I can it send over PM.



  • We have earned just ~0.0047 bitcoins. This isn't much and I will be searching for more profitable way to gain more bitcoins. I might begin lending bitcoins on the bitcoin forum if this continues.

    I will be waiting a bit to see if the burst price changes. Burst has a bad history of crashing after a pump, so... Payouts will be delayed up to 3 days.

    Into the future, Next payout is going to be delayed for up to one week. I won't be active on the forums (A little visit or 2 might be possible). I'm still just a normal man and when I'm on holiday, I'm on holiday.



  • Dividend paid. http://pastebin.com/2ZkA1G2M
    Bought from myself at 41. Will see if I can increase next month's payout, if I can get them cheaper back.



  • This still needs to payout right? Or did I miss it?



  • @FrilledShark said last month in [ANN] Margin:

    Into the future, Next payout is going to be delayed for up to one week. I won't be active on the forums (A little visit or 2 might be possible). I'm still just a normal man and when I'm on holiday, I'm on holiday.



  • Guess it was triggered by seeing it marked red in a google doc somewhere? Well, all good, thanks gpedro



  • Dividend paid: http://pastebin.com/HdFmqbRh
    I got an error while sending, but I have looked at it and everything should be paid. If you didn't receive tell me and I will make sure you do.

    We didn't make a lot but I'm hoping that next month will be better,



  • We will first pay dividends the 6th. This is to ensure we get the biggest payout possible. If you look at my lending ledger, you will see that 2 people are going to payback their loans the day before.



  • Not the best month...
    We have earned 30 475 burst. I'm hoping next month is going to be better as more people are going to know about my lending service and then use it. I might also look into trading on LBC. Dividends might come any moment.
    More information about about lending:
    Lending has a lot of hidden fees, like transaction cost. It also takes a lot of time and I'm also using my own Bitcoins for funding loan ("Loaning from myself to fill loans"). I take 10% of what I earn to cover all of this.
    You might wonder what the last 30% goes to. It is an user generated insurance. It will cover what we lose because people default their loans and we can't gather it back with their collateral.
    Our current insurance is: 0.005547 BTC



  • @FrilledShark said in Margin by FrilledShark:

    Not the best month...
    We have earned 30 475 burst. I'm hoping next month is going to be better as more people are going to know about my lending service and then use it. I might also look into trading on LBC. Dividends might come any moment.

    0_1473238851788_smt.jpg

    Don't beat yourself up. At the end of the day, you managed to make a profit for us, and an asset that can make constant profits regardless of market conditions is an asset worth holding long term. Keep true to your asset and in time you'll see your baby grow and grow like a magic bean stock. It took 60 years for Warren Buffet to become top 10 richest in the world :D , so... we have time

    0_1473239235475_buf.jpg



  • @nameless
    I did write that:

    Margin is a experimental asset

    That means that I will try out a lot of things to see if they are able to make money. If you aren't happy you can always see them again. You might not get the exact amount back, but then you should have invested in another asset.
    If anyone got some ideas they are welcome to post them. I'm very open for new ideas and will be reviewing every singe one.


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