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Latest Stable Nxt Client: Nxt 1.11.15 | Latest Experimental Nxt Client: Nxt 1.12.0e

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megashira1

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #20 on: August 06, 2014, 06:35:58 am »

Will 100% of future share sales go towards the fund? If so the way I'm seeing it is you accumulate X amount of NXT via "IPO" and use those funds to manage a diversified crypto portfolio?

Also what is your incentive / commission for doing this.
« Last Edit: August 06, 2014, 06:38:04 am by megashira1 »
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whale

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #21 on: August 06, 2014, 07:18:47 am »

Will 100% of future share sales go towards the fund? If so the way I'm seeing it is you accumulate X amount of NXT via "IPO" and use those funds to manage a diversified crypto portfolio?

Also what is your incentive / commission for doing this.

Exactly, all of the sales go into the fund. Because I want the fund to have a large Nxt portfolio, most of the Nxt raised will stay put. The diversification will come from my own dealings. However, if a tempting IPO or new coin is released with high promise, I will use the raised funds to heavily invest. The only cryptocurrency that I have made a loss on this year was XRP (around 50 BTC), which was due to the founder trying to cash out his billions. All of my other long-term holdings have increased.

The incentive is growing the worth of my own investment in FZN and by establishing a respectable foothold in the crypto community. With the amount of scams coming out, we do the due diligence for you (which is why I have a dev in the team). People may only start investing in crypto coins that Fuzon invests in as they know it will be safe. This could give us a strategic position for making deals.
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abctc

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #22 on: August 06, 2014, 08:29:13 am »

NXT holders, be careful !  Do not trust strangers on the Internet.
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rajc

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Re: [ANN][OFFERING] Fuzon (FZN) | An Asset Built Upon Success
« Reply #23 on: August 06, 2014, 08:40:18 am »

Seb, forget 9 hodlers. looks like its me you whale and james.

long on FUZZION!

i also managed to buy 200 assets. Should have bought more ...
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megashira1

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #24 on: August 06, 2014, 04:32:54 pm »

Will 100% of future share sales go towards the fund? If so the way I'm seeing it is you accumulate X amount of NXT via "IPO" and use those funds to manage a diversified crypto portfolio?

Also what is your incentive / commission for doing this.

Exactly, all of the sales go into the fund. Because I want the fund to have a large Nxt portfolio, most of the Nxt raised will stay put. The diversification will come from my own dealings. However, if a tempting IPO or new coin is released with high promise, I will use the raised funds to heavily invest. The only cryptocurrency that I have made a loss on this year was XRP (around 50 BTC), which was due to the founder trying to cash out his billions. All of my other long-term holdings have increased.

The incentive is growing the worth of my own investment in FZN and by establishing a respectable foothold in the crypto community. With the amount of scams coming out, we do the due diligence for you (which is why I have a dev in the team). People may only start investing in crypto coins that Fuzon invests in as they know it will be safe. This could give us a strategic position for making deals.

You mentioned increasing the final IPO share price offering. Would this not provide instant profit for initial investors?

Why not have just released a billion shares at 1 NXT a share so everyone in the community can jump aboard and you will have a TON of starting capital to work with and everyone in the community can benefit(potentially) from this venture. Non sold shares get locked away/burned.
« Last Edit: August 06, 2014, 04:36:02 pm by megashira1 »
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whale

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #25 on: August 07, 2014, 12:00:39 am »

Will 100% of future share sales go towards the fund? If so the way I'm seeing it is you accumulate X amount of NXT via "IPO" and use those funds to manage a diversified crypto portfolio?

Also what is your incentive / commission for doing this.

Exactly, all of the sales go into the fund. Because I want the fund to have a large Nxt portfolio, most of the Nxt raised will stay put. The diversification will come from my own dealings. However, if a tempting IPO or new coin is released with high promise, I will use the raised funds to heavily invest. The only cryptocurrency that I have made a loss on this year was XRP (around 50 BTC), which was due to the founder trying to cash out his billions. All of my other long-term holdings have increased.

The incentive is growing the worth of my own investment in FZN and by establishing a respectable foothold in the crypto community. With the amount of scams coming out, we do the due diligence for you (which is why I have a dev in the team). People may only start investing in crypto coins that Fuzon invests in as they know it will be safe. This could give us a strategic position for making deals.

You mentioned increasing the final IPO share price offering. Would this not provide instant profit for initial investors?

Why not have just released a billion shares at 1 NXT a share so everyone in the community can jump aboard and you will have a TON of starting capital to work with and everyone in the community can benefit(potentially) from this venture. Non sold shares get locked away/burned.

Because they took the risk, they will get rewarded for it. Although, as mentioned before, I will take many factors into consideration. Right now it is the testing phase to see if I can accomplish what I laid out. Which is why I have called this phase proof-of-concept. I don't want to accept millions of Nxt and not be able to provide value.

I'll definitely weigh up your fairer distribution model but at the end of the day, there is always that one person who misses out.


Right now the FZN shares are trading at 100% of their initial value.
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Sebastien256

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #26 on: August 07, 2014, 12:04:27 am »

@whale,

when the website (fuzon.io) is plan to go online? Just a rought approximation would be nice. ty  :)
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whale

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #27 on: August 07, 2014, 12:24:44 am »

@whale,

when the website (fuzon.io) is plan to go online? Just a rought approximation would be nice. ty  :)

I'm having a skype session with the developer now. We've already talked but I just want to ensure that he captures the professionalism that I am trying to convey. After we finish I should have a better approximation, but I think from my last call with him it was going to take 4-7 days.
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whale

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #28 on: August 07, 2014, 04:49:34 am »

I've identified a few candidates. If you want a pre-announcement list, please PM me. Still working out ratios and not all of the crytos are confirmed. Any input from investors is welcome :)

An official announcement will be made soon.
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whale

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #29 on: August 07, 2014, 11:19:05 am »

Just letting everyone know that I am sending some NXT from the Fuzon account to make our first purchase.
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whale

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #30 on: August 08, 2014, 03:22:56 am »

Just a quick update

I have successfully purchase 5000 BTCD. There is a slight discrepancy in the total (it will work out to be more Nxt than what we should actually have) because I topped up the amount with my own BTCD holdings.
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Sebastien256

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #31 on: August 08, 2014, 03:26:14 am »

all the Nxt you raise were invest in BTCD?
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whale

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #32 on: August 08, 2014, 03:31:08 am »

all the Nxt you raise were invest in BTCD?

No we still have 300,000 NXT. I have provided a breakdown in the OP  :)

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Sebastien256

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #33 on: August 08, 2014, 03:32:16 am »

all the Nxt you raise were invest in BTCD?

No we still have 300,000 NXT. I have provided a breakdown in the OP  :)

thanks, your statement "it will work out to be more Nxt than what we should actually have" made me thought otherwise.
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whale

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #34 on: August 08, 2014, 03:39:20 am »

all the Nxt you raise were invest in BTCD?

No we still have 300,000 NXT. I have provided a breakdown in the OP  :)

thanks, your statement "it will work out to be more Nxt than what we should actually have" made me thought otherwise.

Quote from: whale
There is a slight discrepancy in the total (it will work out to be more Nxt than what we should actually have) because I topped up the amount with my own BTCD holdings.

I'm basically saying, if you break down the 5000 BTCD into Nxt and include 300,000 Nxt (which we currently hold), it will work out to be over the initial 500,000 Nxt that we started with.

Let me know if you have any further questions  :)

PS. Down payment for the website has been made. We should have it within the week. Then I will approach Poloniex about listing Fuzon as I am getting some messages on Bitcointalk from Bitcoiners who can't work out the Nxt AE. Conclusively, I have identified a barrier to getting more investors onboard.

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Sebastien256

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #35 on: August 08, 2014, 03:45:32 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.
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whale

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #36 on: August 08, 2014, 04:24:16 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.
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KarlKarlsson

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #37 on: August 08, 2014, 08:42:26 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  ;)
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whale

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #38 on: August 08, 2014, 10:04:42 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.

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martismartis

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Re: [ANN] Fuzon (FZN) | First Round Sold Out | An Asset Built Upon Success
« Reply #39 on: August 08, 2014, 11:07:44 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?
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