[PRE-ANN] Jota Jota's Real Business Asset - Discuss with me
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@JotaJota Happy to see you back, and I still think your asset sounds great :)
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Thanks Gandalf and keysdos for the replies. I don't want to release a lot of shares in the beginning. I prefer releasing a few shares in 50 Burst instead of a lot for 5. The idea is something around 5k shares fro start, what gives a bit more than a BTC. If the shares are sold out, or the asset grows substantially and healthy, I release more shares. What do you guys think about?
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@JotaJota I like your idea but it might not be the best time to start new asset^^ I think that there isn't too much money on ae atm^^ Still I would definitly buy some shares as I love fresh ways of income (not gpu, hdd mining) and hopefully you will get into hsasset^^
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@JotaJota You need to start putting this into a excel sheet or something and just import the numbers to a graphic. I love the hole idea and I know there is profit to be made with this type of merchandise, but I must agree with @Propagandalf , you need to put some math behind what you are advertising. I would love to invest in this type of asset. Once you have you math and charts out, PLEASE tag me, I would love to get in on this. I love investing in assets, but I need the math.
Thank you :)
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@JotaJota You're welcome. That sounds like a good plan. The key is to find a sweet spot between having enough "spare" shares to be able to make your asset grow, and not having too many, because then there is a theoretical possibility of you going Jervis on us by dumping your shares and taking off. I know you wouldn't do that, but that's one of the reasons why the number of available shares matters.
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I'll elaborate the Maths and show them in the next days. I don't want much more than a BTC to start. As I told before, this is something that I do with my own pockets quite some time now. So my plan is do something for the hole community.
The concept is trade the Burst for fiat to buy collectible things, instruments and other things that I know the market. Then sell with a profit to split with the holders. The basic math that I'm thinking is: When I sell something I keep what I spent in the first time to buy other things, and the 70% of the profit goes to the investors, 25% reinvest and 5% as the fee.
I can't promise a fixed ROI, cause the idea is create a healthy, sustainable and long asset. The profits will determine the payments. I'm a verified member, I don't need to steal coins from anyone, so if you feel insecure, I ask you not to invest. After all things that happened here in the AE, I can understand. I'm here for almost a year, some guys know my true name and other personal data.
If the items take a long time to sell, I will pay a monthly quota for my mining and personal trades. I prefer paying monthly. Less coins lost to payment taxes.
The important point is: The profit is made in FIAT, so if BURST price raises, the return in Burstcoin will be less. If the prices drops, will be more. Ah, you understand that right? If you want to increase your portfolio for the long term, I say that this is a good asset.
Any other questions, please, feel free.
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@JotaJota said in [PRE-ANN] Jota Jota's Real Business Asset - Discuss with me:
The important point is: The profit is made in FIAT, so if BURST price raises, the return in Burstcoin will be less. If the prices drops, will be more. Ah, you understand that right? If you want to increase your portfolio for the long term, I say that this is a good asset.
I'm glad you brought up and clarified that point, as I'm sure many people don't quite understand ROI and assets. I wish you good luck with your project, and I will get some shares once you launch it. :)
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@JotaJota
I got an idea how to find a fair issuance price for your asset and assets in general. Send me a message.1"Now everybody can see that da wallet is empty, empty." ->
The Burst Foundation: BURST-7BXU-TTFG-Z2JF-8QUZP (Development Fund)
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@daWallet sent already :D
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I've talked to some members of the community, and what I saw is this: The community is scared to invest in assets now. Sadly, cause the AE is one of the best things for me.
Some people don't want to invest in an asset the is backed by real items and FIAT, I can understand. So unfortunately, looks like the asset will not be released.
But I'm offering the opportunity for private investors. I do this stuff by myself some years now. In the last year some friends came as investors, so my hobby has grown a little. If someone is interested, come and we can chat privately. If you don't trust, no problems, we can still be friends in this forum and community. All the best for everyone.
