thstake asset to close
-
On top of everything I hate seeing these coins just start tanking in value :-\ Most of the coins in the asset are older more established coins that have a good community (similar to BURST) so to see them struggle has taken a toll on me emotionally :-\ I am hoping to have at least 1 BTC worth of coins to div out, however the past couple of weeks have been brutal on 3 of the 4 coins in the asset. HYP had its take a couple months ago and has held steady since.
-
@nameless the problem with that, is there was 1 buyer that bought a HUGE amount of the asset (no idea who it was), and if I did that, he could take advantage of it, and leave people who invested smaller amounts out in the cold :-\ At least sending out a final dividend would let everybody get coins back.
I don't know, ill look into this. Regardless im working on getting them sold. NET literally over past few days has tanked, and BITB is up for possible delisting. Ill do what I can to get as much coins out to people as possible. Best thing about it all is there is going to be some BUYING of BURST going on as the process happens, so look for the price to stay stable at the very least, and hopefully, increase!
-
I really wish there was a way to get dividends / shares to be removed from the blockchain after something like this happens so people wont go out and get buy useless shares.
-
Liquidation for all staking coins within the asset has been completed.
A final dividend of approximately 1.75 million burst will be paid out sometime today.
Please note that once this is done, no other dividends will be paid, and the shares are considered to have zero value so be sure to NOT purchase any more!
-
@tomahawkeer Instead of distributing a dividend you should put a buy order in the market so asset holders don't use the shares that will not worth nothing anymore to sell them and scam anyone ;D
-
I can do that, I just need to calculate the price so a whale cant take them all and leave others out to dry.
-
@tomahawkeer if you do buy order for the exact amount of shares thats out there whale cant really do anything :) since you will buyback all shares (cant buy more shares than there is of :) )
-
@tomahawkeer Yes you mess with the price dividing it by the total number of shares... I think this is the correct process to close any asset ;D
Good luck in the coming projects mate...
Hope to keep seeing you around xDHappy bursting ;D
-
I guestimated wrong just shy of 2 million BURST total to buy back.
I will always be around BURST, just not gonna run an asset for the time being. Maybe in the future ill do another, just need to think long and hard on it.
Waiting on confirms from poloniex for the rest of the burst, then the buy back will be started
-
You did a good job so far with your asset :)
-
@Propagandalf I dont agree. Staking coins seem to never gain value, they just ......drop in value :-\ I know thats not my fault and maybe I shouldnt feel that way but maybe I could have found a few better coins, but damn, even dmd has tanked horribly the past 2 months, and its like the gold standard.
-
@tomahawkeer What I meant is that you handled your asset in an organized and transparent way, which is comforting to investors. We all know the risk that not all investments are profitable, that's just the way it is. :)
-
Ok guys, its posted. Go get your funds, and hopefully you keep them in burst and / or assets!
-
Sorry your asset didn't work out. I think you handled the liquidation of the asset nicely, I respect that. In the future maybe we'll see another asset from you.
-
@tomahawkeer thanks for your work on this asset, and closing it in a manner that takes it off the market. I'd like to hope ALL assets that shutdown do it this way -buyback from the investors and take the worthless assets out of the market.


