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whale

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #40 on: August 08, 2014, 11:48:30 am »

When will the second round be offered? I wanted to invest but missed it since the first round was sold out within quite a short time  ;)

My apologies, I've had a few people upset about missing out and I haven't been able to provide a definite time or price. If what I plan happens and everything slides into place, we'll be looking at a very healthy return which means I might open up the second round after then. Like I said, I want to ensure that what I do provides value for everyone before I open it to the wider public. Until then, the best bet is by placing an order. Be sure to follow our twitter @fuzonFZN as it will be announced on there first.

Why not to announce here firstly?

All announcements go through twitter first and then I proceed to announce them on the forums. The difference would be within minutes. Since the next offering is a larger quantity, I'm hoping it lasts a little longer. Generally, no matter what forum you are on, as long as you have twitter and follow @fuzonFZN, you will get everything near real-time. It is a more open platform for announcements and it also prevents any favoritism between the communities.

For people who do not have twitter, I may implement email notifications through the website but we'll see what happens  :)
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KarlKarlsson

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #41 on: August 08, 2014, 12:01:30 pm »

Quote
My apologies, I've had a few people upset about missing out and I haven't been able to provide a definite time or price. If what I plan happens and everything slides into place, we'll be looking at a very healthy return which means I might open up the second round after then. Like I said, I want to ensure that what I do provides value for everyone before I open it to the wider public. Until then, the best bet is by placing an order. Be sure to follow our twitter @fuzonFZN as it will be announced on there first.


No need to apologize, glad you sold your assets that fast.

Nevertheless I ask you to make an announcment of the next sales round, would be cool  ;)
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whale

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #42 on: August 08, 2014, 12:33:05 pm »

Quote
My apologies, I've had a few people upset about missing out and I haven't been able to provide a definite time or price. If what I plan happens and everything slides into place, we'll be looking at a very healthy return which means I might open up the second round after then. Like I said, I want to ensure that what I do provides value for everyone before I open it to the wider public. Until then, the best bet is by placing an order. Be sure to follow our twitter @fuzonFZN as it will be announced on there first.


No need to apologize, glad you sold your assets that fast.

Nevertheless I ask you to make an announcment of the next sales round, would be cool  ;)

Don't worry, I'll make sure everyone is informed. I'll likely make a pre-announcement so everyone can mark it down on their calendars. I would like to try to get on poloniex beforehand as well for the bitcoiners. A lot of them missed out because they couldn't figure out what to do on the NXT AE. But yeah, I'll sort it out  :)
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Sebastien256

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #43 on: August 08, 2014, 01:24:51 pm »

it would be nice if you could tell us every week (for example, every monday, you decide) what is the approximating value in BTC that do back 1 FZN that is in circulation. Otherwise it make us difficult for the stakeholder to evaluate the value of the fund.

Total aproximate value in BTC of the fuzon fund would be very nice too.

Thank you for the suggestion.

The website will display the follow pairs live: FZN/ NXT, FZN/ BTC, FZN/ USD, FZN/CNY

I just need to work out where we're going to source the information from without an exchange, so I'm going to be in talks with a Busoni.

sorry whale, I'm not sure you understood. I want to know the value that "back" FZN fund (in total BTC), not the value at which it is exchange. That will avoid us to make manually the computation from the coin in the fund. Is that what you understood from my message?
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whale

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #44 on: August 09, 2014, 05:51:52 am »

it would be nice if you could tell us every week (for example, every monday, you decide) what is the approximating value in BTC that do back 1 FZN that is in circulation. Otherwise it make us difficult for the stakeholder to evaluate the value of the fund.

Total aproximate value in BTC of the fuzon fund would be very nice too.

Thank you for the suggestion.

The website will display the follow pairs live: FZN/ NXT, FZN/ BTC, FZN/ USD, FZN/CNY

I just need to work out where we're going to source the information from without an exchange, so I'm going to be in talks with a Busoni.

sorry whale, I'm not sure you understood. I want to know the value that "back" FZN fund (in total BTC), not the value at which it is exchange. That will avoid us to make manually the computation from the coin in the fund. Is that what you understood from my message?

Ahh got it. The 'actual' value. I'll sort that out. I might try to do that on the website but if not I'll add a section to the OP. After I cash out an investment, I'm going to put up a large buy wall at the 'actual value' price to let people get out if they want, otherwise they can stay onboard and begin speculating for the next rise. I think I'll call these train stops. After the buy wall disappears, the speculation will begin again.

For example, once we cash out of BTCD and hypothetically, if the total Fuzon balance is 1 million Nxt. I'll place a 1 million Nxt buy at 50 (similar to what SharkFund does).
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whale

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #45 on: August 09, 2014, 12:35:45 pm »

I'll have an announcement for everyone soon.


Hint: Expect a lot more people buying up FZN  ;)
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masterrobo

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #46 on: August 09, 2014, 09:52:13 pm »

When is soon?? I'm going to sleep now.... (Europe)
Better not announce it while i'm asleep!!!! Already missed round #1  :'(
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whale

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #47 on: August 09, 2014, 10:43:58 pm »

When is soon?? I'm going to sleep now.... (Europe)
Better not announce it while i'm asleep!!!! Already missed round #1  :'(

Get some sleep. If it is an offering round, there will be a 24 hour warning :)
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cobaltskky

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #48 on: August 10, 2014, 04:00:36 am »

When is soon?? I'm going to sleep now.... (Europe)
Better not announce it while i'm asleep!!!! Already missed round #1  :'(

Get some sleep. If it is an offering round, there will be a 24 hour warning :)

I want in. :)
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whale

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #49 on: August 10, 2014, 11:07:59 am »

When is soon?? I'm going to sleep now.... (Europe)
Better not announce it while i'm asleep!!!! Already missed round #1  :'(

Get some sleep. If it is an offering round, there will be a 24 hour warning :)

I want in. :)

I'm just waiting for confirmation on something and then I'll announce the next round.
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cobaltskky

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #50 on: August 10, 2014, 01:47:18 pm »

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whale

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #51 on: August 12, 2014, 02:44:42 am »

Thank you everyone for your patience. I promise there will be two announcements soon  :)

Just a quick update, our first investment in BTCD has more than doubled the 200,000 Nxt invested. Actively looking at three other coins but the Nxt price is currently unfavorable for a 300,000 Nxt dumping. One of the announcements will look to solve this.
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whale

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Re: [ANN] Fuzon (FZN) | Nxt AE & Poloniex | An Asset Built Upon Succes
« Reply #52 on: August 13, 2014, 12:45:44 am »

First announcement

Fuzon (FZN) is now trading on Poloniex! https://www.poloniex.com/exchange/btc_fzn
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whale

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Re: [ANN] Fuzon (FZN) | Nxt AE & Poloniex | An Asset Built Upon Succes
« Reply #53 on: August 13, 2014, 05:26:36 am »

Second announcement

We are opening up our second offering round. This round has been rushed forward for mainly two reasons that are listed below. As I have pushed this round forward, we will only be offering 15,000 FZN at a reasonable price that reflects the current valuation.

- We currently hold no BTC which is needed for 99% of altcoin trading, therefore I would need to drop 300,000 Nxt into the Bter books which would drastically hurt the price at this delicate time.
- First round investors are either not selling (causing the price to inflate) or they are capitalizing on their position (the lowest sell right now is 10 times their initial investment).

Time

11am 13 August 2014 UTC

Prices

Nxt AE (5000 FZN) 35 Nxt/ FZN SOLD OUT
Poloniex (10,000 FZN) 0.0021 BTC/ FZN
« Last Edit: August 13, 2014, 11:06:48 am by whale »
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whale

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The 5000 Fuzon on Nxt were instantly sold out  :o There are still some Fuzon on https://www.poloniex.com/exchange/btc_fzn
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oldnbold

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Strange - when I placed my buy orders the cumulative total of all the orders (including mine) at the 35 price was less than 5000 FZN. I double-checked  once my bid transactions had been confirmed and the cumulative total was still less than 5000. I guess I must be overlooking something, but what?
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whale

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Strange - when I placed my buy orders the cumulative total of all the orders (including mine) at the 35 price was less than 5000 FZN. I double-checked  once my bid transactions had been confirmed and the cumulative total was still less than 5000. I guess I must be overlooking something, but what?

I think someone used a bot. A ~1600 Fuzon (I can't remember the exact amount) buy popped up as soon as I placed the 5000 Fuzon bid.

The best bet right now is to get some FZN from Poloniex.com or hope someone sells on NXT AE :)
« Last Edit: August 13, 2014, 12:00:45 pm by whale »
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Stadtfeger

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Strange - when I placed my buy orders the cumulative total of all the orders (including mine) at the 35 price was less than 5000 FZN. I double-checked  once my bid transactions had been confirmed and the cumulative total was still less than 5000. I guess I must be overlooking something, but what?

I think someone used a bot. A ~1600 Fuzon (I can't remember the exact amount) buy popped up as soon as I placed the 5000 Fuzon bid.

The best bet right now is to get some FZN from Poloniex.com or hope someone sells on NXT AE :)

the bot I have developed, I offer it soon on the AE  ;)
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oldnbold

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Shouldn't the order in which bids are filled be as per the order of the bids actually showing on the AE?
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damon

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When I placed the order i was in for the full 1000, but only ended up with 150...

How does a BOT slip in at the top?  Did it Bid 35.1?
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