New thstake asset!

[BurgerBaron]

bought some too!

[gpedro]

@tomahawkeer grab some... that facebook idea is great for the asset and for burst! Do it right away please xD

[tomahawkeer]

https://www.facebook.com/groups/1132326473522242/

Group is created. It is a closed group, please feel free to apply and I will approve.

[tomahawkeer]

Each week, I plan on listing the amount of stakes received for every coin within the asset. The asset Start on July 21, so for this week here is the list of coins and stakes earned keep in mind this isn't a full week and asset sales have been somewhat slow:

Bitbeans: 30,000 coins
Netcoin: 316.44x coins
OKCash: 0.704 coins
Hyper: 2.9 coins (next coin to be deposited to)
HyperStake: n/a (8.8 day maturity)
Diamond: n/a (9 day maturity)

Burstcoin sold from asset purchases: 91,981
Staking coins purchased with sale of burstcoin funds: Netcoin: 124,687

In the future I will just post this information to the facebook group that I created, so please join it to keep up with the asset.

https://www.facebook.com/groups/1132326473522242/

Happy bursting guys!

[Propagandalf]

I appreciate that you will update regularly on facebook, but would you also be willing to post updates once in a while in the forum? I think there are many of us who prefer not to use facebook in order to retain anonymity.

[Hotdogler]

@Propagandalf I second this. Not a big deal but the occasional update here would be appreciated. Facebook has become too gross to use, for me at least.

@tomahawkeer Thanks for the effort you're putting into this, I'm sure sales will pick up soon. For me this is the next asset I'll be saving for.

[stupendelious]

@Hotdogler yeah i personally dislike facebook.

@tomahawkeer could you please use something else than facebook?

[tomahawkeer]

Not a problem ill post updates here in the forums as things progress.

[BurgerBaron]

Agree with updates on the forum. Facebook makes me sad.

[tomahawkeer]

I am seriously considering looking into investing some into VeriCoin, at least after looking at the wallet. It is one of the better functioning wallets ive seen so far, notifying of updates, and just being well developed. Will look into getting more info on it and possibly adding it to the asset.

[gpedro]

@tomahawkeer Do you use one wallet for each coin or there is a wallet i don't know about that could stake multi coins? I've searched about this and already understand the concept of "Stake" xDD

[tomahawkeer]

@gpedro there is only 1 burst wallet that is used for the asset, however I use each wallet for each coin. All of which have already been backed up to multiple locations.

[gpedro]

@tomahawkeer ok i was talking about other coins... thanks for the info

[Leece]

Got me some too. My first ever investment.

[tomahawkeer]

UPDATE:
303,796 burst have been sold to purchase 5126 HYPER.

Next coin to receive funds will be OK.

Keep purchasing assets, the more we purchase the more staking power we have. The first dividend will be published on Monday. It will be a smaller div since it was only a partial month, however I am planning on doing it monday.

Happy bursting!

[ddos]

@tomahawkeer Noice! :)

[gpedro]

@tomahawkeer Nice! Do you have a rounded estimation of how much gonna be? Don't really understand Stacking so if it's something like mining BURST and you don't know until you hit a block (finished maturing...) i'm sorry for the question...

[tomahawkeer]

No estimates yet, it would be a lot easier to forecast what dividends would be if all assets were sold. As it stands not even 3% of the asset has been sold! With that being said I have had to hold funds and wait until we had enough to really start making a difference in some of the wallets. There have only been 2 purchases so far from asset funds, once was yesterday and it hasnt even started staking yet. All of the other coins in the asset I donated or lended to the project to use to help kick start things.

From a percentage stand point, hyperstake (HYP) is the best staking coin, however it takes almost 9 days for the coins to mature to begin to start to stake, and then it still takes a long period after that to start staking, so I have yet to put any of the funds towards it. so you really need a lot of funds in it, for it to start showing returns. It will be one of the latter coins to be added simply because it isnt going to give some immediate results to investors.

I will do my best to get numbers out on a weekly, as well as a monthly report of some type, normally when I release the dividend.

[tomahawkeer]

Here is the initial value(s) of the wallets (not including the 3.4 million bitbeans ive included from my personal stash)

Tomahawk Stake Coins Initial Deposits (7/21/16) Total Initial Bitcoin Value (7/21/16)

Bitbeans (BITB) 221666.6667 0.01999982
Hyper (HYPER) 966.998294 0.01999329
NetCoin (NET) 60454.14545 0.0193186
OKCash (OK) 3270.291803 0.01987744
HyperStake (HYP) 26021.72913 0.01193479
Diamond (DMD) 41.5605 0.01979115

Total Initial Value in BTC (7/21/16) 0.11091509

I have done 2 separate purchases in the past week, one for NET and one for HYPER. I am hoping to provide more data next week as I sell some of the stakes that have been made and send them out to everybody as divs.

The above chart does NOT include the coins purchased with funds, just what the wallets started with prior asset sales

[tomahawkeer]

An example of how the dividends will be calculated:

Currently there have been 71,000 bitbeans generated from stakes:

71000 x 80% (promised staking percentage) = 56800 bitbeans

56800 x 0.00000007 = 0.003976(BTC) from sold BITB

0.003976 / .00000034 (current price of BURST) = 11694.11 BURST total

11694.11 / 26801 (total asset shares sold) = .44 burst per share owned dividend.

Keep in mind this is only 1 coin calculated, and the asset has only been available for a little over 1 week. All other coins will be processed in the same manner. As more assets sell, more coins will be bought / sold for staking and dividends.

Hope this helps in understanding what will be returned in the form of dividends.