402

[nameless]

@kmaxkmax said in 402:

@nameless Could I see records on one of the dividends? I am planning on investing some burst into an asset that pays daily and I want to see what my best options are. Thanks!

good idea on that one. i completely forgot to keep track of 402 dividends. But if you look into the issuer account, you'll get the picture, or if you wait a few dividends, you'll have full records as well

[kmaxkmax]

@nameless Ok Thx!

[Dillion]

Look I'm very new here. In no way am I trying to start any ****. Nameless thank you much for helping answer technical questions I have made concerning Burst.

However I am very confused here. From my point of view what I essentially see is that folks are investing their crypto to invest in fiat trading? I'm just a ol farm raised boy from Kentucky but to me that seems kind of backwards.
What happens when the USD and fiat currencies of the world crash and all the fiat that the cypto was invested into is worthless? Is everyone going to be saying "man I wish I had that crypto back? " Then their is the aspect of "what if the Burst exchange crashes and no one is buying?"

[nameless]

@Dillion , very fair points you brought up :)

Both these subjects were debated a loooong time ago. Long story short, everyone who invests with me knows what they are investing in , but they also know that i am slowly building up a crypto reserve as well for backup. My asset is also backed by a ton of other assets and currencies... so, we're good :)

As far as the AE crashing ... not very likely, BUT, we are already working on it. I have some big people already starting to provide a lot of liquidity for some assets, and we're working on gathering even more. Investors are also starting to realize that it's a good idea to put a penny into orders and keep the exchanges stable.

Overall, we're just like the real world stock market here with the AE. It grows slow, but stable. Daily trade volumes have been growing at a steady rate for the past 7 months. I think we'll be fine.

[nameless]

Attention all investors!

You will all see an asset transfer in your wallets on behalf of 402. Your shares holdings has just increased about 6 times !!!

Why did i do this?

Starting from right now, ALL of 402 is in the hands of investors. This is me officially putting a cap to the asset.
402 has grown into a marvel and is the second largest dividend payer after burst casino. As i stated before, i might never sell any more shares, and i lived up to my promise : there are none left to sell :D
402 can grow on its own without the need to sell any more shares, so the logical way to cap it was for everyone to get their fair share and have the whole damn thing belong to the people, as it should.

Given this, i also expect share price to drop 6x at least.
Now remember, despite share price dropping like a stone, your holdings have increased 6x as well, so you have literally the same value, but more shares :)

I hope you all understand why i did this and that this is nothing but a great thing for us all.

I have kept a few shares back because i will award myself 5% of the total (it's time for me to earn a bit on my assets as well), and i need a few more million to exchange the NEWSILVER, 500k and FAD remaining shares on the market.

That being said, we have now reached the final shares structure. From here on out, 402 will grow on its own and it is 100% in the hands of investors and me personally.

As far as shares redemption goes, all future redemptions will get the according number of 402 shares :)

1 newsilver share = 30 shares of 402
1 500k share = 12 shares of 402
1 FAD share = 36 shares of 402

[LithStud]

@nameless you no longer a Strange Uncle :P you have leveled up to Legen-wait for it-dary Beast :D

ahhh decimals in shares, now you trigered my need to have whole share :P

[gpedro]

@nameless i forgot about this.... Where am i supposed to send my newsilver shares bro?

[adsactly]

This is Great News!

[nameless]

@gpedro said in 402:

@nameless i forgot about this.... Where am i supposed to send my newsilver shares bro?

BURST-GVKY-EHQX-ZMH6-5KR5Z

[iKnow0]

@nameless will the minimum earning per share remain the same?

[nameless]

@iKnow0 lol i wish :)
the minimum earning per share will drop 6x as well ... if i were to keep that minimum i would have to pay out 1.5 milion burst per day lol

but overall, you will earn the same as you did till now, that's what i'm saying

[LithStud]

@nameless i will earn more :P i have bought more shares so i have nice number without decimals hanging :P :D

[nixxda]

@LithStud gime your address, I'll transfer you my decimals!-)

[LithStud]

@nixxda nah man i am good :P i rather have my peace of mind :D

[Gadrah_]

@LithStud I know the struggle... Just bought 0.64712164 share just to have a whole number lol.

[haitch]

@Gadrah_ It seems we have some obsessive compulsive personalities here ....... I might have to send you 0.0000001 of a share ....

[Gadrah_]

@haitch Be prepared for a counter-attack of hot potatoes !

[haitch]

@Gadrah_ Do you know how many spuds I have at my access? ;-)

[nameless]

truth be told i'm a bit ocd as well so after the redemption i might round up a few accounts

[socalguy]

@nameless said in 402:

i might round up a few accounts