NEWSILVER - daily dividends, multi-platform asset

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

nameless

It will. Not my first rodeo. This time though, my gf told me that while i'm at the hospital i should look into penis implants. I don't understand that woman. Now she wants one implanted up her ass? Is mine not enough?

BurgerBaron

@nameless Lol, women aye....crazy creatures

trincaxt

I bought some =)

nameless

@trincaxt welcome to the player's club. I can't promise you golden earnings, but SILVER i can do :D

Im also on board :D

nameless

@RaidBoss And a howdy to you as well :)

john

@nameless I did not receive any dividend today.

nameless

@john day's not over :D

Nobody received it yet because i didn't send it yet. Don't worry i haven't missed a day yet and not planning on doing so .

I just got back from the doctors so i'm sending right now. Be back with the update after i sent it out

UPDATE : dividends sent to everybody : http://pastebin.com/3itucPr1

tomorrow's dividend will come a bit earlier than usual because i have to be at the doctors the whole afternoon/evening.

nameless

Lol i just realized NEWSILVER just paid it's 8'th dividend. We're little over a week old yeey!!! :D ... well in burst we're 8 days old... in hz we're at day no 79 and still going at a steady rate. That is 79+8 = 87 dividends paid on time as promised.