thstake future or new asset ???



  • @nameless

    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 ...



  • @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



  • @nameless

    You're right, the decision of the issuer) Let's see ...



  • 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.



  • @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...

    @nameless @emcb do you agree?



  • @gpedro That is a thought, however, it would have to happen after the 2nd asset is issued, completely sold out, and stable.



  • @tomahawkeer yes that's the idea... xD Keep up the good work man!



  • 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.



  • That can work



  • @tomahawkeer I like it...



  • Actually, I may start it with a lot more shares this time. Instead of 1 million, maybe 5 or 10 million. The 100k per month would still be added when the initial shares would sell out, to help keep share price(s) low and affordable for everyone.


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