thstake future or new asset ???
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I have kind of asked this question before, but I will ask it again and see what people think.
Would you like to see additional assets added to the thstake asset, possibly something on a regular basis, or would you like to see a brand new staking asset that did this???
Staking seems to be very viable for a long term asset, and I would very much like to see an asset grow in value not only from stakes, but with additional assets added on a consistent basis. My thought to achieve this would be to start the a new staking asset, that would initially have 1 million shares, and add an additional amount of shares per month in perpetuity (maybe something between 25 and 100k). The thought and idea behind it, would be that anyone could purchase them, at a reasonable price, similar to the new silver asset that is out there (which is great if you haven't seen it you should check it out).
A long term goal for me, for running the asset, is to eventually grow it, to where dividends are paying weekly.
I have 2 new coins in mind atm, however I do need to find a few others to consider using if this were to be a completely new asset. If people were interested in seeing THSTAKE become an asset like this, and start to add additional shares on a regular basis, we could just add them to the pool of existing coins, or possibly remove some coins / add coins etc.
For me the bottom line is to see 2 things:
- To continue to grow
- Maintain a low asset price that is affordable for everyone.
Ok, opinions guys, regardless of which direction we go, I would like to get the ball rolling this weekend since its a holiday weekend for us here in the US.
Should we make thstake a dynamic asset like listed above, or should we create a new asset completely and start it from scratch???
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One other thing I did not mention in the initial post, would be to have an asset buy back program. This would help stabalize the price of the asset. I would set up a separate wallet, that would buy back assets at "1" burst less than the asset issuer price. I would hope to fund it by an initial investment of my own and it would obviously receive dividends like any other asset holder, which would also be used to buy back assets.
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If you increase the amount of assets of 1 million coins, it will reduce its value by 2 times. It is not fair to those who have bought from you before, and relied on rare coins (1 million maximum). This is how to increase the emission of 21 million Bitcoins with up to 42 million.
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If you want to have only one Stake asset, then at least you have to purchase from the current owners of 100% of the shares. Then, create a new asset with unlimited emissions and any other rules.
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@emcb yeah I can understand that. What would probably happen (if I went that way) is I would liquidate the coins, and repay everybody the value of them in burst, and re-create an asset, and set it up that way. Otherwise a 2nd would result in another set of coins by itself and possibly a different box / server to house them, IF they had overlapping coins that is.
Other feedback guys, lets hear it.
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I have news coming on this.
Working on getting a new set of coins up and running. A "second" THStake asset is on the way. It will have a completely different set of coins. I have decided on 2 with at least the possibility of 1 more. More details to come, however, I will try to make this asset resistant to whales and price gouging. My biggest wants in regards to this asset is so it is affordable, profitable, and constantly growing in the form of both stakes as well as increased available assets. More to come....
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Definitely a new asset is coming. I have already started a wallet for DNET (Darknet Coin) and the staking is pretty good. It is a somewhat newer coin, but the staking appears to be a good solid percentage, and frequency.
I am also strongly considering HODL, I have actually done some HODL mining, and have received several amounts of coins by doing that. Those coins that are mined are actually immature for a full year, at which time they are worth more than 10x what you initially mined (mine 50 coins, receive over 700 after 1 year). It also allows for specifying X amount of coins to gain interest for how ever long you set them aside for, and the percentages are very good on it as well.
Still looking for a 3rd coin, and have been considering vericoin, however the APR on it is very low.
If anyone is familaiar with some decent staking coins, that are currently not in thstake, let me know and ill look into them for the asset.
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Might i suggest an alternative?
Start up the new asset. I like the idea a lot. BUT, instead of buying back and whatnot, do a shares swap. Take the thstake shares back, and give new ones in return.
1 thstake = 1 new share
This way everybody's happy, you don't have to sell the coins that have already matured, and you have a ton more new shares at your disposal to do whatever you want with them.
I've done share swaps before, they're quite easy to do. All you need is a bit of time and a simple excel spread, or word document for that matter. I'll gladly lend a hand if you want to go down this road.
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@nameless said in thstake future or new asset ???:
Take the thstake shares back, and give new ones in return.
Is not that the same thing that to increase the emission current asset?
What are the advantages of the current owners assets? In my opinion, they just lose in this case.
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@tomahawkeer said in thstake future or new asset ???:
If anyone is familaiar with some decent staking coins, that are currently not in thstake, let me know and ill look into them for the asset.
Consider the coin:
- Emercoin (EMC). 6% per year, but a very high potential growth rates in the coming year.
- Gaming coin Jewels (JWL) - 1% per year, but also with great potential for growth. (ICO passed a few days ago. While trading only Yobit).
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@emcb it is basically the same thing as increasing emission in the current asset. problem is that current asset has reached the max shares and can't be further increased through shares sale. That's why a new one is needed with far more shares so he can raise more and more money through sales.
And current investors wouldn't lose a dime if he would do the share swap. If you hold a thstake share, you simply get a new one in return with the same value and your stake of the current coins is exactly the same. Same value, different name, but the issuer has the advantage of being able to sell more shares with the new asset and raise more money, without diluting investor shares value.
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@nameless said in thstake future or new asset ???:
And current investors wouldn't lose a dime if he would do the share swap
Current investors will lose the opportunity to profitable resale of an asset at a higher price than they bought!
And they will lose the asset value only as its emissions will increase. Bitcoin, gold and more has its value due to the limited issue (no inflation). I think it's obvious.
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@emcb while what you just said is indeed a loss for speculators, it's pure win for long term holders ... BUT, keep in mind what @tomahawkeer said : innitial issuance of 1 mil shares, and then sell only a certain ammount each month. That still opens up a lot of room for speculators to earn, because in that 1 month you can buy and sell as much as you want from the current outstanding supply. And same for next month and so on so forth.I hope i'm making sense, but the man's strategy is actually very good and an advantage for both investors and speculators.
the only real question is what he is going to do regarding thstake. Buyback or swap?
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@nameless said in thstake future or new asset ???:
is indeed a loss for speculators
If this loss even for someone, then it is bad.
All losses must be 100% reimbursed. And this is possible only upon redemption.
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Please read the rest of what i wrote there.
There's a big BUT there. Consider this:
You get the new shares as swap. They keep current value.
@tomahawkeer only sells say 50k new shares each month. After those 50k are sold, there's open room for speculation for the rest of the month. Then the new month comes, he sells another 50k at market price, and again after that speculation can continue. making sense?
So really, it's win-win for EVERYBODY, and even more for speculators because there will be more shares in circulation = bigger sales/buys volume.
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Maybe I misunderstood something because of translation difficulties ... but I think
This means that the asset holders will be forced to compete with the issuer. It is also pointless, as the competition of commercial banks with the central bank!
If these 50k shares of the issuer don't will be sold for six months? And if asset holders want to trade (sell higher purchase price) once a month (once a six months), what they going to adapt to the issuer until he sells his shares 50k?
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If your offer is so great, then why not use it to keep petroleum prices at a time when its production increases?
After all, in the preservation and growth of the price of oil in the interest of all who produces.
Explain it to me, please. Maybe something I do not to understand ...
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@emcb you are bringing up a valid point with the 50k shares. There is a chance that they won't sell, although i highly doubt it. But you're right, there is a chance.
In the end i guess it's up to the issuer to decide. It's his asset. The new asset is the only way to accelerate growth, but a possible downside to speculators. The old is speculation heaven, but very slow growing...
grab your popcorn @emcb :) . Let's see where this goes
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You're right, the decision of the issuer) Let's see ...
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Right now, the plan is to create a "2nd" staking asset with 3 or more completely different coins. As mentioned, also, a higher amount of initial assets, as well as an additional amount added over "x" period of time to prevent spiking of the price and keep it reasonable for everyone to get in.
Maybe in the future once everything settles down, there could be a merge of some kind, however the plan is to run 2 completely different assets for the foreseeable future.
I have some family matters to take care of this weekend, however, I am planning on releasing the new asset in the next week or so, depending on how much research I am able to get done on a 3rd coin. I may start the asset off with just the 2 coins with a plan to add the 3rd as we move forward.
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@tomahawkeer I think the merge could happen when the second asset is all sold and that way none of the investors have to compete with the asset issuer... That way the asset holders of the 1st asset will gain more by diversifying the portfolio of coins and will not have to compete with the issuer. Actually i think it's good for the current asset holders because will bring the opportunity to buy at initial price again and probably the current asset holders will sold out the 2nd asset in a small amount of time...