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Author Topic: [ANN] Income Asset , ID: 327508399992504862  (Read 4491 times)

NXT-IncomeAsset

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[ANN] Income Asset , ID: 327508399992504862
September 27, 2015, 05:33:14 pm

Hello I am the fund manager of INCOME asset, a joint fund asset, that is already present in the BURST cryptocurrency platform. We are expanding into the NXT platform, because it's similar, and because we hope to attract more investors into our project.


Concept:

It's a decentralized referral/affiliate income based asset. We buy advertisements with the funds and then use the advertisements to promote various Bitcoin affiliate sites. The profit then will be distributed between shareholders. Currently we have only the casino investment branch fully started, so the income comes from there,the other ventures are on pause.

Asset Info:

Platform: NXT
Ticker/Name: Income
Asset ID: 327508399992504862
Total Shares: 50,000
Shares Owned by Me: 15,000 (30 %)
Dividends: Weekly if we made at least 0.05 BTC profit, but not more than once /week.

Here is the BURST counterpart's info:
http://forum.burst-team.us:4567/topic/14/ann-income-asset
My Bitcointalk Presence
https://bitcointalk.org/index.php?action=profile;u=552577

Assets and Funds Inventory:

Assets------------Amount In Bitcoin
Yobit trading: ~0.5 BTC
Betking: 1.26 BTC

Funds ownership currently:
NXT:    18.33504%
BURST: 81.66496%

Current Investment Plan:

After an investor will buy INCOME shares, we will convert the NXT into BTC, invest the sum into SatoshiDice's investment program, both the NXT investments and the BURST investments will go in the same fund, but the dividends will be paid separately in each currency, based on the % of ownership of each fund has. Then we will take out the profits , convert them back into NXT and BURST respectively of %, and pay them in dividends to the investors.

« Last Edit: January 12, 2016, 12:23:05 am by NXT-IncomeAsset »

yassin54

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Welcome to Nxt!   :)

NXT-IncomeAsset

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Welcome to Nxt!   :)

Thank you, I am hoping to bring great value to both NXT and BURST with my asset. We already made 1.51% ROI for my BURST shareholders over the past weeks. It is not that much but it's stable and still better than a bank deposit.

Here is also my Bitcointalk account:
https://  bitcointalk.org/index.php?action=profile;u=552577

NXT-IncomeAsset

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This is the current profits we got over the BURST platform, now the NXT asset doesn't own any of this yet because we haven't invested any NXT yet into the joint project, however this is just a preview of what we can do here:



We started with a 0.11844947 BTC capital, then got an additional 0.43337285 BTC later on, so the total capital is 0.55100909 BTC

Now we got 0.55938520 BTC, so that was a 1.52% grow in about 3 weeks.

If we`d have 5 BTC, then we could generate ~ 0.1 BTC/ month, which is a slow but steady and sustainable income.

Arkh

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Welcome to NXT !

I'll be watching out on how this is gonna play out.

Good luck

printshop

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I'll be watching out on how this is gonna play out.

It's going to fail.

KarlKarlsson

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I'll be watching out on how this is gonna play out.

It's going to fail.
Please ellaborate instead of posting 1 sentence.
NXTinfo.org - Your toolbox to become an Asset Expert! | Twitter | Facebook | ZapChain

NXT-IncomeAsset

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I'll be watching out on how this is gonna play out.

It's going to fail.

Why do you think that?

We are already making ~0.16096% ROI daily for the BURST fund. We can do exactly the same for the NXT investors.

That's a 80% ROI/year, I`d say it's a pretty good investment.

NXT-IncomeAsset

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Alright we`ve moved out 3800 NXT, converted it into 0.14864065 ฿ , then moved it into the investment.

We had 0.55944652 ฿ before invested, so the BURST capital is easy to calculate, it's CAPITAL-PROFIT, which is 0.00843743.

So the BURST investment is 0.55100909. Then to calculate the NXT shares we do this:   NXT/(NXT+BURST).

So that's 21.2450% share for the NXT fund (i will use 4 decimal precision)



So currently we got 0.7 ฿ invested where 21.2450% is NXT share.

SafeFund

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A very impressive asset you got there. Why haven't I thought of this? It is an excellent method to raise capital, then invest it in a safe and steady investment method like a casino bankroll.

You got my attention sir. We would like to invest in your asset, after we will have some funds available, because currently we are fully invested in other assets.

Until then, good luck with your asset!
██ SafeBond Asset ID: 1099909785786473673 ██ ██ The Only Safe investment asset in NXT! ██

NXT-IncomeAsset

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A very impressive asset you got there. Why haven't I thought of this? It is an excellent method to raise capital, then invest it in a safe and steady investment method like a casino bankroll.

You got my attention sir. We would like to invest in your asset, after we will have some funds available, because currently we are fully invested in other assets.

Until then, good luck with your asset!

Thank you!

Today we made a 0.02051% gain, still very low, but we are recovering. These past 3 days have really been a bad earning days. I checked the SatoshiDice thread and they say they had a maintenance so probably a few gamblers thought there was an issue with the site, but I checked it and it works perfectly now, so they should come back in the next 2-3 days. Our average earnings should be over 0.17%/day so I expect that to come back by the next days, if not then I already got a backup casino where to invest which is the 2nd best after SatoshiDice.

« Last Edit: September 30, 2015, 12:54:25 am by NXT-IncomeAsset »

NXT-IncomeAsset

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Alright we are recovering, the gamblers are back, it's been pretty wild there, if you go to satoshidice you will see right now gamblers gambling 1 btc.

Today we made +0.10363% ROI, less than our average which now is: 0.15984% , but we are getting there. By tomorrow I`ll expect the usual 0.2% if everything goes fine. We are also very close to the 0.01 BTC target to pay dividends so you should be excited.



Here is the tracking of the profits:

NXT-IncomeAsset

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1st NXT Dividend is paid:

NXT dividend: 60.13 NXT - 4 fee = 56.13
Nr shareholders: 4 (excluding main address)
Dividend /share: 0.0011226 NXT.

So basically we set that after we make 0.01 BTC profit we will pay out dividends (we can raise this trigger later to save on fees). We just hit that trigger, and we paid out the dividends on both BURST & NXT, you can follow the discussion there in the bitcointalk forum too:

https: //burstforum.com/index.php?threads/ann-income-asset-decentralized-referral-empire-based-income.839/page-5#post-6220

https: //bitcointalk.org/index.php?topic=731923.msg12577373#msg12577373

Since we have only 21.2450% ownership of the fund, we only paid out this relative amount for the NXT shareholders, and the rest went to the BURST shareholders who own rest of the fund.

Here is how our funds look now, we are already making profits, and will do so in the long term. Today we made +0.10516% before we paid out the dividends.



Also since this was the first dividend payout ,we paid out 100% of the profits, next time we will only pay out 80-90% of it to reinvest the rest to have a growing fund.

« Last Edit: October 02, 2015, 03:40:05 am by NXT-IncomeAsset »

NXT-IncomeAsset

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Just a quick update, we will be diversifying the funds in altcoin trading too. The casino investment would take too much time, and with our current capital size I think investors are not satisfied with the profits.

I am trading altcoins for a long time so it is not a very hard task for me, but it will require more management and attention from my part, but the profits will be considerably higher.

Here is my post in the other forum describing it:
https://bitcointalk.org/index.php?topic=731923.msg12584858#msg12584858

NXT-IncomeAsset

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We made 34% gain since I last reported, this new trading method is definitely more profitable than the casino investment program. So we currently focus more on altcoin trading as the easiest and fastest way to earn money.

Our 2 altcoins that we selected are having a nice pump and we already made 0.24 bitcoin profits.



Here is info on bitcoin forum:
https://bitcointalk.org/index.php?topic=731923.msg12621785#msg12621785

SamIbandii

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Your doing a great job! And thank you for your regular up-dates.
I think a lot of NXT-ers are watching your progress, lik I do.

Whish you good luck!



NXT-IncomeAsset

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Your doing a great job! And thank you for your regular up-dates.
I think a lot of NXT-ers are watching your progress, lik I do.

Whish you good luck!





Thank you!



We are making huge profits with INCOME, and very likely pay the 2nd dividends this weekend:

https://bitcointalk.org/index.php?topic=731923.msg12645209#msg12645209



We made 47.82% ROI since we started trading. From now on trading will be the main income source of the INCOME asset, since it is showing magnificent results so far.

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why not combine trading and gambling investments? keep a steady profit so holders are at guaranteed returns, just with a little spice (or not) on top

NXT-IncomeAsset

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why not combine trading and gambling investments? keep a steady profit so holders are at guaranteed returns, just with a little spice (or not) on top

We are halting the gambling investments now, because it turned out to be less profitable. We will resume it after we will have a large fund, but for a small fund it is just not very profitable, altcoin trading is better for us.

Total fund size now is: 1.03 BTC, and we already paid dividends to the BURST holders, so we will pay the NXT part as soon as the blockchain syncs in a few more minutes.

« Last Edit: October 12, 2015, 11:48:31 pm by NXT-IncomeAsset »

NXT-IncomeAsset

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2nd NXT Dividend is paid:

Code: [Select]
Amount paid, Account, TX
312.61459479, NXT-9MZL-KLKQ-SXR2-6JUJW, 1431349125406918145
25.00916758, NXT-JJZS-E3FA-2BKD-EMD5L, 16292713520110664630
2.60512162, NXT-LAVE-BQAP-TNL9-3CE5R, 6208256009333785708
0.66691114, NXT-RN33-R7AJ-H5UQ-BKEYF, 14551143475266767928
0.10420486, NXT-5ETN-YRK3-KN5P-C4582, 8616062327156825771
------------All transactions processed------------



Total Dividend: 346-5 (fee) = 341 NXT
Dividend/share: 0.00682 NXT
NXT ownership: unchanged: 21.2450%

Funds left:


More info on bitcointalk:
https://bitcointalk.org/index.php?topic=731923.msg12671274#msg12671274

Enjoy!
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