Asset buyback.

newsense2004

I am not in buyback mode and my asset is doing good still but I have been slowly buying back assets and burning them. I am trying to be fair and set the buy price at 10 Burst which is the original selling price but I keep getting them at the asking price. I was hoping there was a way to make sure any shares I buy back are bought back at the original selling price.

aitor

When you buyback then, how do you pay the dividends for the rest? Does the wallet have that option or do you also get payments from your own asset?

gpedro

@honesting He said he is burning them (I think that for genesis account) so the dividends should only go for the unburned shares ;D

@newsense2004 if there are orders to sell cheaper than the price your putting in your buy order you will always buy for the price they are selling... You can ask everyone to lift their orders or you can send the remaining amount manually to the address you buyed from ;D

aitor

"burning" it's like "deleting"?

I have been testing the system to make payments to the assets and I only see an option where it puts the total amount to pay. I would like to launch my own asset someday and that is a part that I do not understand. I give an example:

My asset is 100 shares and corresponds to 10TB of disk. I distribute the profits generated each month that are 1,000 Burst for example.

If I buy 50 of these shares (for burning or delete), the following month what would happen:

I pay the 1,000 burst among the remaining 50 stocks? In this case I am overpaying.
I only pay 500 burst to the other shareholders? They were shareholders of 10TB not 5TB, it's not fair either.

Thank you!

gpedro

@honesting The answer of what he is saying is "I pay the 1,000 burst among the remaining 50 stocks? In this case I am overpaying." ...
Well you may call it overpaying, I call it offer liquidity to the asset and also helps facing the difficulty increase... Basically your shareholders will have their investment value increasing and when you have buyed back all shares the hardware is completely yours ;D

aitor

So it can happens that at the end with only one investor with only one asset can get the 1000 burst monthly in my example? Doesn't make sense that.

gpedro

@honesting Well I guess, but don't forget that as time goes by the reward reduces so when that happens you will not be paying nearly the same as when you started...If you have a small number of shares you can offer a deal to the last investors in the asset to buy back their shares and stop the dividends...

Gibsalot

this type of burning assets will overall help the asset grow , as it will provide liquidity to the asset in the AE and allow weak hands an out wile at the same time providing a Boost to Div payout amount to the remaining asset holders, in most cases there will reach a critical mass point in witch people will start to buy new shares because the payouts are so good , and allow the asset owner to expand agin ontell the shares sold dilute the supply and new sales fall off .... its just an interesting cycle that can be used to grow an asset witch also benifits long term holders of the asset.
my asset has this built right into the way it functions , i offer 50% escrow that is used to place a buy wall at 50% issue price direct in the AE. it will naturaly cause this cycle to happen with my asset and yes i "burn" those shares as well..... my issue price is 10 burst , the built in buy wall is 5 burst and that leaves anything bettwen on the AE for me to use my personal wallet to buy up and hold :)