New thstake asset!
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@ddos The assets that are sold, that burst coin is used to buy the staking coins (BITB, HYPER, HYP, OK, DMD, NET). The stakes that are generated from those coins are paid out monthly (80%). The rest of the stakes are held in those coins wallets to help produce more stakes. The initial coins purchased from the sale of assets are never sold or traded unless I move them to a different staking coin. So the amount of coins that stake, ALWAYS increases on a month to month basis, and so should the amount of stakes that are paid out in dividends, because 15% of the previous stakes every month, are also held.
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Have you consider a new coin that was Promoted by Bittrex in a crowfund at 66666 satoshi symbol BRX. After crowfund, the market trading is at 17000 satoshi. Just wondering if this is an idea for your fund?
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@Bitnet88 that IS a coin I have looked at however, I would like it to get some age first. There are still a lot of assets out, so it is possible that I will add it before that all sell out. I could also remove something from the assets and exchange for it, however I do want to wait a bit before I make the decision. Really new coins can be a big hit or a big miss and I would rather be a little cautious.
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Just purchased 100! Glad to support a new asset =)
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July dividends going to be paid out today as long as the dividend addon works. Only enough stakes from 1 coin (bitbeans) to sell on exchange for dividends. Little less than 0.5 burst per asset. A separate post will be made once dividend is paid, which will include details on other coins.
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Just bought a large chunk! Plenty more left. Keep up the good work, mate :)
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Just a quick update:
Someone made a HUGE purchase, and has purchased ALL of my remaining assets. With that being said, I will be exchanging them and getting everything into the staking coins. Expect another update today or later this weekend with updated wallet numbers.
Also please note, the same person who purchased is also selling them shares at a higher amount. 100% of all shares have been sold at initial prices and are now being resold.
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Update:
Going to be selling the coin slowly as I don't want to sell it too low, or be responsible for crashing the price(s) on multiple exchanges, as this is a lot of coins. I have sold some, so hopefully can have the rest sold at reasonable prices by the end of the weekend. Will be paying attention to the exchanges as best as I can throughout.
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That was a big buy indeed ^^
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@tomahawkeer just an idea, if all these people are so interested in staking assets, you could make another one with even more assets and maintain the old one
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@tomahawkeer I wish I had been able to invest in more shares! Make another one ;) it would have more profit
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That is a thought....
making another would mean either a complete new set of coins.......maybe a different box to run them on.....OR....
Add more assets to this one???
Adding assets may piss off people that want to sell shares atm though :-\
I will have to think about it.
If anybody has thoughts on this please share. In particular if you are a current asset holder.
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I almost forgot. UPDATE:
A good amount of burst has been sold all between 49 and 54 sats across 2 exchanges (had issues getting deposits for c-cex) still have about 2.6 million to sell to exchange for other coins. The total asset was 15 million.
Diamond coin has been purchased, you can follow it with the above wallet blockchain link (initial post) I am planning on add more of it, however I am still in the process of selling burst and trying to get best prices out of it and adding other coins, however we have a decent amount of staking coins for every wallet listed above.
Over the weekened I am hoping to get the majority of the rest of the staking coins purchased, hopefully with good prices. Always trying to do best bang for buck on the exchanges.
As far as the comments above about making another staking asset, please give feedback. If you want me to do a completely separate one, or maybe just add more assets to the current? I am a little leary of doing that simply because the person who bought the majority of the shares has listed most of them for higher than initial price, and I wouldn't sell for any more than I did the initial 1 million shares which would undercut his prices. Anyway, let me know what you think.
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A second separate asset seems fair.
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@tomahawkeer the way I'm looking at it, adding assets doesn't seem to matter because revenue doesn't depends on how many assets are sold. If I buy one asset, then I would get back the equivalent of 1 asset converted into stake coins. If you added 9 other assets, I would still get my same revenue. There is no negative impact to the other asset holders whatsoever. Ask around. I hope some other people agree.
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@ddos said in New thstake asset!:
There is no negative impact to the other asset holders whatsoever.
It would matter if your goal was to trade the actual assets and not just hold them for the dividends. More identical assets on the market = more difficult to get a good price for selling off the assets you already hold.
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Agree with propogandalf, adding assets would not be fair towards asset holders and especially the big buyer, mind you, taking a big risk.
My advice would be to first get things running for this one before attracting new funds (seems like you first got some funds to spend), if things go well
the new asset would attract even more buyers due to people being convinced seeing the succes of this one. Why rush?
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@BurgerBaron I agree with you. I would like to get this one a little more settled with the asset owners, as well as producing more dividends (obviously) before making any changes, or adding another new asset. I will need to do some research as well as far as other coins to try for another, once things are settled down a bit with this one. I do like the idea of staking assets obviously, just want to get some research for new coins if we want to pursue it further later on down the road.


