[PRE-ANN] Jota Jota's Real Business Asset - Discuss with me
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Hello everyone! I'm planning to launch my first and only asset into our community. But before launch, I want to discuss with you, the viability.
I have a particular hobby: I buy and sell collectible items, such as games, figures, painting pictures, and musical instruments. I really like these things. I do this with my own money quite some time now, and I thought: I can do this much better, for me, and for our community.
The idea: An asset that buy real items, sell them with a profit margin, and of course, distribute the profit to the shareholders. But I want to do something long-term here for Burst. 50% of the profits to shareholders, 45% reinvestment, 5% maintenance fee.
But converting Burst - BTC - Fiat, buy items, sell them... maybe this can take some weeks to start making profit, so while we don't have profits to share, I'll pay at least 1% ROI monthly from my own pocket. I have some Burst invested in more than 20 assets here, everybody can check if wants to, and with the dividends from this assets I'll pay you in this first phase.
I'm a verified user by Haitch, maybe this count a little bit.
Before I really begin, I want to read opinions, if someone will invest in this, how much think that this shares may cost, and questions. I'm here for it :D
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@JotaJota I like the concept... Regarding to converting the BURST into BTC you can do the exchange off the books (i mean off the exchangers) making it to not influence the price in the exchangers ;D
1faucet.burstcoin.pt | burstcoin.pt | I just help for pleasure but if you want donate some coins: BURST-JYHR-SPXP-YT22-5F4KM
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@gpedro Thanks buddy! Its a possibility that I have to consider! But my main objective with the asset is increase Burst volume and price in the long term. Reinvesting, in every profit that we have, I'm going to turn that fiat into BTC and Burst to pay everyone. I love the concept of mining other coins and trading them for Burst, but the energy cost here in Brazil is impossible, so this asset is something that I already do, and I can really make it happen.
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This would work great actually because it is a one time sell to get capital to fund the Buying of Items. Then when you sell the items you take the profit and buy more items and then you go buy more Burst to pay the dividends. The only thing that may be a problem is keeping track of the Items and the Profit etc. You will be the one in charge of that. So you are on your Honor. But if you just structure a base payout you can avoid any suspicion and just pay that payout that was agreed to prior to releasing the asset.
So if you ask for 1,000,000 Burst. You take that and exchange it for BitCoin at the exchange. Take the BitCoin and sell it for Fiat. Take the Fiat and buy products with it.
1st Week you sell nothing. But you have a schedule or percentage to pay in Burst.
50% Yearly? 1,000,000/12months=83,333.33/4weeks=20,833.33
1st Week you would owe 20,833.33x.00000053=.011041666225 Bitcoin or around $12 a week at 53 sats. This doesn't mean much since you should actually use Half of the 1,000,000 to buy products with. Then you know you will be able to pay back investors at the minimum. By making more sales you accelerate the Asset! It may seem like you are paying back investors with their own Burst but you are being fiscally responsible because you want to use the actual Burst to support your business and then support Burst with the Funds from the sales.Of course this is just the 50% from the Initial Fund and not the Profit so this is where your honor would be noted. Each year you are still paying 50% though and that ain't half bad...
It is actually a great idea and you could even have a website that people can buy your items with Burst. Then you don't have to go to the market each time since you already funded your outlay. Profits stay in Burst and you also fulfill your Asset easier. If you have to use some of the Profit to buy BitCoin to then Buy Burst with it complicates your business. Unless you have enough backing to not have to buy and sell Fiat/BTC then you are rolling with the Markets at a whim.
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@JotaJota said in [PRE-ANN] Jota Jota's Real Business Asset - Discuss with me:
I have a particular hobby: I buy and sell collectible items, such as games, figures, painting pictures, and musical instruments. I really like these things. I do this with my own money quite some time now, and I thought: I can do this much better, for me, and for our community.
The idea: An asset that buy real items, sell them with a profit margin, and of course, distribute the profit to the shareholders. But I want to do something long-term here for Burst. 50% of the profits to shareholders, 45% reinvestment, 5% maintenance fee.
Before I really begin, I want to read opinions, if someone will invest in this, how much think that this shares may cost, and questions. I'm here for it :D
So it is a hobby, but are you profitable? If so, how profitable are you? + how much more profitable could you be by attracting more money (scalability). Before I have this info, i cannot answer questions like: if someone invest in this, how much the shares are worth etc
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@CryptoNick Thanks for all the ideas! I'm not in a hurry to release the asset, so I'm getting some time to think the best way to do it, and your opinions are really interesting. The conversion taxes of Fiat-BTC-Burst to pay the dividends I need to think a little bit. Maybe take them from my 5%.
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@BurgerBaron I have profit, yes. But I'm using the profits to buy more items since I begin this hobby. I never sold an item for less than I bought. I have a file that I write every item that I bought and for how much I sold. I sold an electric guitar with 40 dolars of profit, and a sega genesis game with 10 dolars of profit. Some examples. Depends on what I find and when I sell.
I cant answer how much profit I can make, cause that depend on the items, and the opportunities that I find.
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@JotaJota Glad to help, very good... think it through first...
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I like the idea of your asset a lot! I am sure that if you plan and structure it well enough, you will find support in the Burst community for launching it.
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Definitely an interesting idea and it would be fun to invest crypto into something not even close to crytpo related. I'd buy some.
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@Propagandalf and @TimboSlice thanks for the replies! I'm thinking and planning the best way to do it, and maybe release in the next weeks :D
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I really like the idea of this asset and will be interesting to see how well it does once it is launched. I'll buy some assets for sure as I myself am into buying and we are similar in what we buy and sell ;)
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@JotaJota said in [PRE-ANN] Jota Jota's Real Business Asset - Discuss with me:
I have a particular hobby: I buy and sell collectible items, such as games, figures, painting pictures, and musical instruments. I really like these things. I do this with my own money quite some time now.
Do you have any stats that you can share with us?
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@socalguy I don't have graphics, I just write what and how much I pay and sell, and calculate the profit. Its complicated calculate any possibility of profits on this future asset cause depends on what goods I find.
I can give a list of some items that I've done this in the last years, but the only proof that I can show is my profile in a brazilian auction site called "Mercado livre". Its a site like ebay, where I sell the cheaper things, like games, comics, figures. More expensive things like musical instruments, I sell on facebook groups or directly to my students.
My profile in this site, the feedback of my "clients" and my verification with haitch are the best things that I can provide, I imagine.
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I really like your idea and I will definitly invest some burst in your asset. In my opinion 50burst/asset would be a good price and you should allow buying your assets with btc to minimize the losses from exchange. Good luck!
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I'm really thinking about reviving this idea/asset now. I'm planning on participating in Burst community again. I really love this place and this coin. The idea needs to change a bit. I lost a lot of coins when I got scammed by NEWS(Jervis), so I had to sell my assets to pay some friends. Some guys remember the story. The concept is the same. Take the burst, convert into FIAT, buy some things, sell them, take the majority of the profit, convert into Burst, pay the holders. Part of the profit, reinvest in goods to sell and make more money, like I do now with my own pockets.
I thought a lot about this, and I keep doing my trades and buys n' sells with my money, and it's working. This is not an asset to multiply your money in weeks, this is a very long but real safe asset. If the people that was up to join me that time, are still up to, I can start this now.
I'm planning 40 or 50 Burst per share. What do you think?
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@JotaJota i think it's a great idea! Its something fresh and i love that. The assetprice might be a bit high though, depending on how many assets you want to issue. 50burst simply is like 80cents atm, and thats quite a high price for one share imho, realising uniburst which has over 60k backing was 25cents an asset at release.
I do hope its a suatainable asset seeing the price pums recently, and i hope ur profits can match that.
Count me intriguedCheers
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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^^
