[ANN] CDXAlpha Asset Launch
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@jakev Did the ideas outside the prediction market not pan out, or was it the issues with the prediction process?
I had a lot of expectations for this asset, and am sorry to hear you have to shut it down.
The 10% Bonus is impressive though - and appreciated!
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And that's how you handle an asset closure like a boss :)
I know first hand what young @jakev is facing now with the other things that have taken priority. All i can say is that his talent is being milked better than a prime cow in the project he is working on right now.
The way you are parting with us for now should send a message to investors as well as asset issuers : you admitted you messed up, that you didn't manage this properly, and you are willing to take a personal loss at the benefit of the investors. I call that CHARACTER , and not only because i know Jake personally. This could have been any random guy issuing and buying back an asset. I think i proved that i give credits where they are due regardless if i know the person or not.
Best of luck young one! Hope to see you soon among us again, and remember to call daddy when you need to bounce ideas off of someone :)
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@nameless I don't know what @jakev is preoccupied on, but I agree his (hopefully temporary) exit is classy.
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Okay so the people who got in at 60 BURST, there are currently 12,500 buy orders open at 66. Please cover these orders and then I will move up to the 70s.
Can't release 70s until all 60s are filled.
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@jakev The buy orders are now fully covered.
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70s are now live. 12,500 open.
80s will go as soon as 70s are gone.
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@jakev Rather than staggering them, why not release at the same average price? The people that are last to sell get the best return ?
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@haitch the average would put it around 79 but the people who bought in at 80 or 90 would not be getting the amount they deserve.
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Done. Thanks Jakev. Hope you get back with assets someday ;D
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@jakev I've got 10,000 assets - why would I sell now (we'll ignore that I just sold some to fill your first sell order) I'll wait for the best price. If every holder does that, then the price never changes. And we all wait for the best possible price.
Calculate the appropriate average price and offer to buy them all. Assets are a gamble, sometimes they work out great, sometimes they crash and burn. But you can't selectively repay people - although it it is awesome that you are repaying, but just go for average value. Some will make a profit, I'll make a loss, but it's really only the only effective way to do it.
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There were only a few buyers at the lower levels so I just wanted to see if people would be honest. Just giving anyone who bought in low the opportunity to be most fair about it. If not (which is obviously completely understandable), I will move up to the average under 24hrs.
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Have sold my asset to issuer. Thank you!
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@jakev Update?
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I have put up a sell order at 10% over my buy @ 80.
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@crowetic all purchased.
The remainder of the assets have an averaged buy order available at 79 BURST. After these are sold by the holders, this asset will be closed. A final post will be made once this is complete.
Thanks for everyone's understanding regarding the decision to close the asset here. I'm glad we could make it happen amicably, and that I was able to give you everything I could for the troubles.