The massive proposal
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Any updates on this ?
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@tomahawkeer you should tag @nameless ;D
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@tomahawkeer , we're well into the process. Little over half way there in fact.
https://forums.burst-team.us/topic/3652/redemption-of-nameles-s-assets/55
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Hi @nameless, I have re-read you first post on this thread and I have a question ^_^
As far as I know 402 was conceived to be a retirement fund, long term perspective asset. Now with the merge of the other assets of yours you will be making periodic payouts. My questions is how your plan is conceived regarding the percents you will keep locked (as in any retirement fund) and the part you will use for payouts? I just got curious about that. Thanks
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The long term retirement prospectus of the asset hasn't changed. It just got a different form. Here's how:
Now that the majority of the earnings are getting paid out in dividends ( 90-95%) , the excess capital is a lot less than it used to be. The idea is how i use the funds we have.
A large portion of our backing and funds will be kept in the ADSactly vault : https://ibb.co/i67ctv (we hold a tangible percentage of that vault) . On top of that, i am making preparations on some more partnerships i can't mention right now until i can do it officially.
There are also a couple projects in the works that will bring a ton of extra income into our security fund.
So i hope what i said made sense : we now pay dividends, keep a portion to grow the forex accounts , have massive backing and stake in other ventures and have more on the way.
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@nameless thanks for the details. I like this kind of diversification strategy. Good luck with everything!
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In case people weren't convinced enough of how big of a monster i'm creating here, have a look at this :
http://forums.burst-team.us:4567/topic/3934/goliaths-colide
After the redemptions are done and everything is finalized, well... i just did the math and 402 should pay out about 60 million burst in dividends this year alone.
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@nameless said in The massive proposal:
In case people weren't convinced enough of how big of a monster i'm creating here, have a look at this :
http://forums.burst-team.us:4567/topic/3934/goliaths-colide
After the redemptions are done and everything is finalized, well... i just did the math and 402 should pay out about 60 million burst in dividends this year alone.
Holy Molly!
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So, how are the dividends going to be calculated?
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@tomahawkeer , according to dividend/share x no of outstanding shares
BUT, there is the variable of how much bonus i can give on top of the guaranteed minimum ... so the 60 mil this next year is a rough estimate given past year's average returns
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I guess that is the question, is how is the bonus determined? Guess I should have been more specific.
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@tomahawkeer , it's quite simple really. The bonus is 90% of what i make on top of the guaranteed minimum.
Let me give an example :
Say the guaranteed minimum is 1 million burst per month .... but my actual profits were 2 million. That means that i will give out an extra 900k burst to the investors, and 100k stays in the fund to grow :)
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Yeah damn, too much information to process atm, I need to go back and look at how much is actually in this thing now. I know its a lot.
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@tomahawkeer said in The massive proposal:
Yeah damn, too much information to process atm, I need to go back and look at how much is actually in this thing now. I know its a lot.
Think about it this way : i will pay out roughly 180k burst each day (yeah..i know...it's a lot)
now take that 180k and multiply with say 300 days left of this year and it adds up to 54 milion burst :) .... and that's just the minimum, without bonuses
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@nameless said in The massive proposal:
@tomahawkeer said in The massive proposal:
Yeah damn, too much information to process atm, I need to go back and look at how much is actually in this thing now. I know its a lot.
Think about it this way : i will pay out roughly 180k burst each day (yeah..i know...it's a lot)
now take that 180k and multiply with say 300 days left of this year and it adds up to 54 milion burst :) .... and that's just the minimum, without bonuses
oh yeah...and about 5 mil burst extra to the development fund
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Maybe I am missing something, but aren't the minimum dividends supposed to be 0.015 burst per asset?
The payment I just got for 10000 shares was 45.5328, or 0.00455328 per share. Did the dividend payment change and I missed it ?
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@tomahawkeer said in The massive proposal:
Maybe I am missing something, but aren't the minimum dividends supposed to be 0.015 burst per asset?
The payment I just got for 10000 shares was 45.5328, or 0.00455328 per share. Did the dividend payment change and I missed it ?
remember the 6x share split :P
so basically, in ''old'' form you would have gotten 0.024 per share :P
long story short, you're making even more
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@nameless also my dividends script isnt perfect in calculating leftover dust for payments - Sorry bout that!
(currently it does some rounding down that payment doesnt go over the set amount, but with assets with decimal places i think i might be missing someplace to round down :P )
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@LithStud said in The massive proposal:
@nameless also my dividends script isnt perfect in calculating leftover dust for payments - Sorry bout that!
(currently it does some rounding down that payment doesnt go over the set amount, but with assets with decimal places i think i might be missing someplace to round down :P )so far it works super fine for me dude. your little monster is doing just what it should do in my case. i couldn't be happyer



