Idea for new mining based asset serie
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@ccminer said in Idea for new mining based asset serie:
@BurgerBaron @vier23 Thank you guys
@IceBurst this is going to be my first asset, so I have no technical experience with them! I thought that once the asset is issued I could not modify the quantity of the asset or change it in any way! So that's why I thought to issue every 10TB a new asset. How can I release 50K every time? And in case can I change the price? Because as you know the deals to purchase HD they keep change overtimeYou can is the short answer. When you create a new asset you have to give it 2 things, a name, and a total number. At any points you can release from the total number a subset at any price that you deem appropriate. So you could do 50K assets @ 10ea to start and that would leave 150K assets in your asset account to release later.
Hope this explains it,
-IceBurst
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@IceBurst said in Idea for new mining based asset serie:
you can relea
Yes I think got it, once I'll issue the asset all the quantity will belog to me, and I'll be able to put at sell in the market the quantity I want for the price I want, am I correct?
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You got it.
-IceBurst
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@ccminer I will probably get a few when you release. I love assets. Just need to get my wallet working lol.
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@Xander52 Nice to hear so!
I'm plannig to release it within 24 hours meanwhile the mining history will grow a bit...
I found a block already (293127) you can see it at the mining pool if you are interest
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I like it! Interesting :)
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@Dario's-wallet Thank you mate I'll keep you updated ;)
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I will buy some when this comes out :)
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@Gadrah_ Glad to hear so!!
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I've been discussing with @ccminer the ID Verification process, have come to an agreement on process, and the doc will be going out to him tomorrow.
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@haitch Yeah, thank you @haitch
It has been quite a simple negotiation... I hope today I can get the "provisional verification" already, so I'll be able to issue the asset within 24 hours
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@ccminer Got your emailed ID, and can verify that the ID contains the same address given to me. So I'll provisionally give you verification pending the physical copy.
https://db.burst-team.us/id.html
H.
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@haitch Thank you very much
I'll attach again the link you gave me to check my verification status https://db.burst-team.us/id.htmlI'll procede to write the official release about my project soon!
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Well I guess the response has been quite positive!
So I decided to issue the asset ASAP.
Thank you folks for your positive feedbaks
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I'm following the disussion here: https://forums.burst-team.us/topic/2414/asset-durations/11 about a very crucial point that all the asset issuer should take into consideration since day 0 of asset existence!
After I'll have taken my decision about it I'll share here with you folks before the official announcement and the asset issuance!!
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I decided how to act in case the minig will get unprofitable and I'll be force to close the asset!
- I'll sell all the HD I purchased with the asset money minus a fee for me
- All the money I'll get from selling the HD will be convertend into burst and I'll start to buy back the asset quantity sold, to liquidate the asset.
Feedabacks are welcomed
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@ccminer Sounds fair. Will likely purchase a few assets when you release - hopefully soon:)
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@vier23 Thank you
I'm working in order to keep this asset and the others that will follow as more fair and profitable as possible!
I'm going to issu this first asset very soon, an announcement will follow!
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I am ready to lauch this new asset in few hours but before I would like to be sure about the very last detail!
As @IceBurst suggested instead of issue 10 different assets for 10 TB each, just issue 1 with 1*10 the quantity. Like this it will be easier for me the manage the payouts. My question is, if I'll proceede like this, and I'll issue a 5 000 000 units asset intead of 500 000, and I'll release into the market 500 000 units each time I want to purchase 10 new TB, the guy that will buy the initial 1 unit will be paid accordingly to 5 000 000 units in total and not the 500 000 I released so it will get 10 times less than what he/se will be supposed to get am I correct?
I write an example that maybe my explanation ain't clear enough:- I issue a 5 000 000 units total I relase 500 000 units, the total payout for 10 tb is around 500/600 burst daily
If someone will buy 1 unit of my asset will receive 1 / 5 000 000 total = 0,00012 burst per day - I issue 500 000 units each 10 tb (10 different assets), the total payout for 10 TB If someone will buy 1 unit of my asset will receive 1 / 50 000 total = 0,0012 burst per day (10 times more than example number 1)
I guess that issue 10 different assets each 10 Tb is better for the investors than issue 1 of 100 TB.
If I did some mistake please bear with me today is sunday ;)After I'll clear this point I'm ready to issue the asset!
- I issue a 5 000 000 units total I relase 500 000 units, the total payout for 10 tb is around 500/600 burst daily




