NEWSILVER - daily dividends, multi-platform asset

kikiyai

@nameless I don't think I got it.

kikiyai

The money doesen't show in my wallet but it shows in the Block Explorer.

daWallet

@kikiyai Please update your Win Client. The Core version 1.2.4 gets stuck at some point sooner or later and this won't be pretty.

kikiyai

@daWallet Alright Thanks

nameless

Wow, some funky stuff happened in the chain, but it seems like it's all good now.

NEWSILVER managed to sell 210k burst worth of shares in the first 12 hours so far. Thank you for believing.

As i promised, it bares a daily dividend, so later today I will already make the first pay-out.

nameless

Some people asked how the asset is backed up. One of the accounts, which you can see here : http://hzcharts.coin.emergate.net/?a=getAccount&d=NHZ-FZCE-Q9YL-FSND-6QQW8 holds a few assets, one of which is ADSactly. You'll notice we hold 1 million shares, which at current market price = 100 million HZ or 50 million burst . ADSactly is a well established asset in the HZ comunity with a great reputation and great transparency ( https://cyber.fund/@ADSactlyCrypto) . That's how we're backing our asset. More assets an both platforms will be added in time.

nameless

First ever dividend in burst just got released. From now on, all dividends can be tracked under my pastebin page : http://pastebin.com/u/newsilver

nameless

To the account holder BURST-QJPB-7464-5E5B-5NFHJ : i see you bought quite a large chunk of shares and immediately put them back on sale at 120. As is stated before, i sell NEWSILVER according to demand at a FIXED price of 100 burst. You won't be able to sell at 120 because i will always have a sell order at 100. So i see two ways to do this :

You can hold on to the assets you have and enjoy the profits
If you bought solely for speculation reasons, you have a chance to get out. Set them back on sale at 100 and i will buy them back from you

Offer stands for 48 hours, but if however you placed the sell just for the sake of it like i noticed you do with a lot of assets, then by all means thanks for the vote of confidence and welcome to the cub!

tomahawkeer

@nameless Someone basically whaled my asset (thstake) as well, and basically turned around and started selling them all above initial price. I understand what you mean there.

Looking forward to seeing what this asset does. I have purchased some and plan on buying more in the future.

nameless

@tomahawkeer i believe it's the same benevolent whale. After i posted the message, the acc owner withdrew the sale order, and on the contrary bought a whole bunch more. Thank you for that mr whale :) (i don't know how else to address you) . And thank you @tomahawkeer for joining in on the fun. I also hold some of your assets in my private account. I have for some time now :D

Whomever our large budget friend is uses a strategy i used to have in NXT. I won't reveal it so no worries :P

PS: @everyone, today's dividend got released as well. Remember, you can see the details in the pastebin link i left at the bottom of the asset description. Or just look into the issuer account :D

ddos

@tomahawkeer I would love to have had a larger asset like thstake because the staking wallets would be huge and the ROI would stay the same for the asset holders because no one could tank it

ddos

@nameless I have a question. What if your asset makes a tremendous amount of money for an entire month. Are you saying you would still give the shareholders their .1% every day? Pocket the change? Reinvest? Keep it in the wallet?

tomahawkeer

@ddos the only problem is if the value of a coin tanks, which kind of happened this week with HYP :-\ It really sucks too because the only reason it tanked was because the volume was low on Poloniex. The coin, function and purpose is still there, nothing change but it has hurt the value of the coin just because of where it was trading.

nameless

@ddos indeed, if i make a '''tremendous'' amount per month, i re-invest the whole thing either in the markets to make even more for us, maybe some of it in assets for backup, as well as buy coin ( BURST and HZ) if i can get it at a good price for future dividends. The HZ sister asset actually earned 20% last 2 months, and now that we have the dual platform , you could basically say NEWSILVER had 20% ROI as well. Despite the fact that both assets run on a different coin, the money i raise from shares goes to the same place, and everyone gets the same reward, regardless of the platform that they use.

I always make a little on top of that dividend that i give each day, and that cash i use according to what i consider to be the best investment for us at that point in time.

On the other hand, if none of the above is viable (assets are too expensive, etc) , i simply give out a bonus dividend to the shareholders. In HZ i did this quite a few times already. At one point i gave almost a month's worth of dividend in one day because we had such a great trading day and the markets were nuts and allowed us to make money.

So to sum things up, NEWSILVER and sister SILVER from HZ are hybrid funds : bond-type assets +trading + holding fund . My primary aim right now is to have the fund backed 100% with other assets in case anything happens and i need to liquidate, so that i know for sure investor's money is fully protected. The monthly 3% is but a bonus for investors compared to the reward they'll get over time when the fund grows larger and larger and the value of their shares skyrocket. Of course, that will take some time to achieve. It can't be done in a few months.

EDIT : I should also take the chance and bring up two important points that have been brought up in the past. Sort of a mini-faq :

1 ) I was asked why i'm doing this, what my gain is

Well, simply put, i invest in my own asset. So i earn as you earn. So you can imagine my motivation here...
Also, i'm doing it with an asset and not only my own money out of two reasons. First, the capital i can raise through shares sales opens up doors for me that i wouldn't be able to touch on my own. And second, i love the hybrid asset concept i have going here and would love to see it work.

Investor quote : ''i don't see eye-to-eye with you any more and i lost money on the investment''

Have you really? You invested with the coin of your choice, you got daily dividends in that coin, dividends which would allow you to compound your earnings and multiply them even more, and if you want to get out and sell your asset, you can simply put it up for sale at 0.000001 BURST or HZ less than i am. The asset is quite active and there are plenty of sales. Your order will be gobbled up in no-time. It's ok that an asset issuer and investor don't share the vision at all times. It happens a lot. The idea is that the two can part ways in a good manner in this case.

Kitsune

I will never let them go MWUHAHAAH! hai guys =D looks like a party in here!

nameless

@Kitsune nah, party's over at your place :)

Kitsune

Business in the front, party in the back. we're just having a business meeting o.O

nameless

Today's divvy got released as well. 13 people got their well deserved share of the loot. I won't be posting each day that i paid the dividend. It can be seen in the accounts ledger as well as pastebin.

nameless

Another day, another divvy :)

Sorry i haven't been so active on the forum folks. Been very busy trading and fighting off a fun case of pneumonia :D

Zeus

@nameless I hope you get better :-D