thstake future or new asset ???
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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...
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@gpedro That is a thought, however, it would have to happen after the 2nd asset is issued, completely sold out, and stable.
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@tomahawkeer yes that's the idea... xD Keep up the good work man!
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Ok, here is a different thought / approach to doing this.
Instead of creating a new asset with new coins, how about creating an additional asset, with the same coins?
Offer a completely new asset, using our existing wallets, selling new assets, at the same price as before, and splitting dividend payouts based on the % of assets on each asset.
2nd asset will start exactly the same as the first, 1million shares, 85% dividend payout, 10% retained, 5% maintenance, however the new asset, will grow incrementally by 100k assets after the initial 1 million are sold, once per month, in perpetuity, offered at the initial price of 15 burst. An additional 100k will NOT be added to the market, until the previous 100k is sold. So if the first 100k sells in 3 days, the next month a new 100k is put onto the market. If that 100k does not sell out completely that month, another 100k is not put back onto the market until it is sold out. Then the process repeats. If brand new coins are added, they will be added ONLY to the new asset, assuming funds from the new asset were used to purchase the coin. If Existing coins in the wallets are sold / moved around then so beit, it is assumed they are moved around for both assets vs just one.
The 2 separate assets will share wallets, to allow for higher stakes for all involved, however, the dividends paid out, will be calculated based on the % total that is within both assets. This way, the initial THSTAKE asset can maintain its current share values, as well as its amount of stakes that it receives monthly, and the new asset can grow continuously.
My main goals through all of this, is to A) provide consistent buy pressure for BURST on the markets, B) provide a reliable dividend to asset holders, while maintaining a low price entry, C) providing the BURST community with non-burst-team owned asset that is transparent, and 100% trustworthy, D) help do my (our) part(s) in making BURST one of the most used coins in the world.
Throw me some feedback guys, let me know what you think. As far as a time line goes, I would like to have this all started around or shortly after dividends are paid for THSTAKE, which should be around next monday October 3rd.
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That can work
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@tomahawkeer I like it...