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[Ann] [Coinex] Coinex.ir Exchange fund raising  
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Author Topic: [Ann] [Coinex] Coinex.ir Exchange fund raising  (Read 86156 times)

sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #20 on: September 23, 2015, 08:58:37 pm »

Coinex Asset price in NXT Asset exchange ammended because of NXT price changing.

Now each Coinex Asset on sale for 26000 NXT.
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #21 on: September 27, 2015, 06:42:58 am »

Coinex Report:

Total Assets Sold: 30

Current Portfolio Combination:

Bitcoin: 15.02 BTC (1CoinExcJvvLEibPQ9F7WtVBXcPixv3CMV)
Chinese Yen: 11,135 CNY ≃ 7.34 BTC
Iranian Rial: 61,960,000 IRR ≃ 7.58 BTC
American Dollar:  35 USD = 0.15

Total Portfolio ≃ 30.09 BTC

1 Bitcoin = 1517 CNY = 233.7 USD

Each Asset ≃ 1.003 BTC ≃ 1521 CNY = 234.4

Description:
We had several exchanges and generated some benfits :D, But because of grow in BTC price and as in the time of grow in BTC price most of our portfolio was in fiat we could not benefit that enough! >:(
By the way, overall we had 61 CNY or 5.6 USD increase in each asset value.
« Last Edit: September 27, 2015, 07:47:15 am by sepehr »
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huafei

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #22 on: September 27, 2015, 10:06:57 am »

why not set to 0.01 or 0.1 asset ?
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #23 on: September 27, 2015, 10:27:54 am »

why not set to 0.01 or 0.1 asset ?
Only 200 Assets without decimal places issued to limit the amount of work we have to do sending out dividends.
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coinomat

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #24 on: September 30, 2015, 08:12:07 am »

What average dividend are your projecting?
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #25 on: October 04, 2015, 02:21:00 pm »

Coinex Report:

Total Assets Sold: 30

Current Portfolio Combination:

Bitcoin: 15.29 BTC (1CoinExcJvvLEibPQ9F7WtVBXcPixv3CMV)
Chinese Yen: 15,410 CNY ≃ 9.98 BTC
Iranian Rial: 36,992,000 IRR ≃ 4.37 BTC
American Dollar:  35 USD = 0.15

Total Portfolio ≃ 29.79 BTC

1 Bitcoin = 1543 CNY = 239 USD

Each Asset ≃ 0.993 BTC ≃ 1532 CNY = 237.3

Description:
There was an increase of 72 CNY or 8.5 USD from start of project in each asset. We think that according to Chinese National week, We had an increase in Chinese BTC price, So had not enough good transactions in last week and it may continue some more days. And we had no Dividends to pay in end of September even when the fiat equivalent of asset had growth.
« Last Edit: October 04, 2015, 02:47:30 pm by sepehr »
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #26 on: October 04, 2015, 02:52:33 pm »

What average dividend are your projecting?
Sorry I missed your question Coinomat!
I estimate 5-10% increase in asset value monthly.
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marechou

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #27 on: October 04, 2015, 02:57:02 pm »

Coinex Report:

Total Assets Sold: 30

Current Portfolio Combination:

Bitcoin: 15.29 BTC (1CoinExcJvvLEibPQ9F7WtVBXcPixv3CMV)
Chinese Yen: 15,410 CNY ≃ 9.98 BTC
Iranian Rial: 36,992,000 IRR ≃ 4.37 BTC
American Dollar:  35 USD = 0.15

Total Portfolio ≃ 29.79 BTC

1 Bitcoin = 1543 CNY = 239 USD

Each Asset ≃ 0.993 BTC ≃ 1532 CNY = 237.3

Description:
There was an increase of 72 CNY or 8.5 USD from start of project in each asset. We think that according to Chinese National week, We had an increase in Chinese BTC price, So had not enough good transactions in last week and it may continue some more days. And we had no Dividends to pay in end of September even when the fiat equivalent of asset had growth.


Even it if it looks pretty disapointing that the asset had lost a little value at first sight

We have to consider the rise of BTC price and your portofolio is only half in BTC so actually the results are pretty good :)

Keep up the good work Sepehr !




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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #28 on: October 05, 2015, 07:26:19 am »

What average dividend are your projecting?
As another sensible response to your question, We had two main bitcoin addresses:

https://blockchain.info/address/1CoinExcJvvLEibPQ9F7WtVBXcPixv3CMV

and

https://blockchain.info/address/1L3LJML3yq194gZ2oe2ZUo5d3YXVwHZTLb

Starting from 2015-06-26 till now(About 3 months) we had a total of 1051 BTC transactions received by the above two accounts.

Also about 20% of our transaction are not logged in the above two accounts. And for better estimation I dismiss them.

This is while we had an estimate of about 20 BTC(Sometimes more sometimes less) in circulation. If we had 0.5% benefit of each transaction(We try to keep it at least 1% but according to price fluctuations I think 0.5% is a good estimate) we had an estimate of 5.25 BTC benefit.

And it will be about %26 benefit for about three months or %8.75 benefit for each month.

So our previous records for benefits in this project is about %8.75 benefit for each asset in each month.
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #29 on: October 05, 2015, 07:36:46 am »


Even it if it looks pretty disapointing that the asset had lost a little value at first sight

We have to consider the rise of BTC price and your portofolio is only half in BTC so actually the results are pretty good :)

Keep up the good work Sepehr !

Dear Marechou,
I have a problem with current portfolio combination.

If we hold all portfolio in Fiat, I can be sure that we will have an increase in fiat at the end of period.
Why? because I can hold fiat in bank accounts and exchanges and when a customer come up I can buy bitcoin and send to him fast. and I only take my percentage. no fluctuations in bitcoin price affect us.
Before opening this asset I do like this. hold all my portfolio in Fiat and was sure about it's benefits.

But as we hold half of our portfolio in Bitcoin now, we cannot be sure about benefit. I generate some benefit, But if the BTC price goes up you can sense it but if it goes down, it will wipe out all my efforts!!!

So my proposal is that we hold all our portfolio in fiat and avoid BTC fluctuations. In this way we can be sure that we have an steady growth in fiat, but yes if we have a big change in BTC price we may loose it, that if it will be up it's bad but if it was down it's very good! :)
« Last Edit: October 05, 2015, 12:46:56 pm by sepehr »
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marechou

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #30 on: October 05, 2015, 11:10:08 am »

I totally agree with that idea, actually I did not know all the possibilities for you so as an investor I  send a green light but this is your asset so you have the final decision anyway.

Just be carefull to adjust the price of the asset in NXT within AE in order to not give a discount to some new investor (which would reduce profit for current investors).

When all the shares will be sold that will be the free market so no more worries about that (this is why it would be good to limit temporaly the number of asset issued ==> less work and potential mistake for you).

An other way to limit mistake is to send dividends weekly, like this the NAV in FIAT will not change a lot (at least until all shares are sold).

About the benefits from last month, it is 8.75%/ month in total so for investor it would be only 4.37% monthly right?

It is still good but far from the 12% announced 1st.

About the dividends as you're converting all in FIAT I personnally prefered to get NXT directly instead of MGW BTC (I think thit is what you wanted to send  for dividends).

Regards
« Last Edit: October 06, 2015, 10:18:26 am by marechou »
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #31 on: October 07, 2015, 09:43:58 am »

Coinex Report:

Total Assets Sold: 30

Current Portfolio Combination:

Bitcoin: 0 BTC (1CoinExcJvvLEibPQ9F7WtVBXcPixv3CMV)
Chinese Yen: 38,063 CNY
Iranian Rial: 45,270,000 IRR ≃ 8,201 CNY
American Dollar:  35 USD ≃ 222 CNY

Total Portfolio ≃ 46,486 ≃ 29.31 BTC

1 Bitcoin = 1586 CNY = 244.5 USD

Each Asset now ≃ 1550 CNY ≃ 0.9773 BTC

Each Asset at the start of period ≃ 1460 CNY

Increase/Decrease: +%6.1

Description:
We hold most of our portfolio in Fiat from now on. Also we will keep pricing in Fiat and most likely in CNY.
We show +%6.1 increase in asset value in 15 days, from start of project.

This is while we had Chinese National week, which will finish today, and fluctuations in IRR exchange rate because of political issues that faced us with some loss.

New joining investors can join us with the last asset value as mentioned above (0.9773 BTC)
« Last Edit: October 07, 2015, 11:41:16 am by sepehr »
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #32 on: October 07, 2015, 11:27:47 am »

I Add this sentence to first Post:

New Investors:
Please send an amount equal to "Each Asset now" Value in last Coinex Report in this topic for each asset to our BTC address and ask us to transfer the Asset to your NXT Address Manually.
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #33 on: October 07, 2015, 02:18:51 pm »

Coinex Asset price in NXT Asset exchange amended because of NXT price changing.

Now each Coinex Asset on sale for 29100 NXT ≃ 0.9773 BTC.
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #34 on: October 08, 2015, 03:35:39 pm »

Our Telegram Channel is up and running:

https://telegram.me/Coinex

We broadcast daily Bitcoin Prices in the following Medias:

  • Tweeter
  • PersianTools Forum
  • Yahoo Messenger
  • Telegram Channel
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marechou

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #35 on: October 09, 2015, 11:20:27 am »

As the asset is not peggeg to BTC anymore would it be possible to pay dividends only in NXT and not in MgwBTC?
On your side it is not complicated anymore I guess.

Actually for me NXT is much better and trustfull for the long term that an asset pegged to BTC (Mgw BTC is not bitcoin in my mind).

For exemple if I forget my wallet for months and there is a failure in the Mgw BTC I will have lost all my profits.


Regards,
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #36 on: October 10, 2015, 08:07:08 am »

As the asset is not peggeg to BTC anymore would it be possible to pay dividends only in NXT and not in MgwBTC?
On your side it is not complicated anymore I guess.

Actually for me NXT is much better and trustfull for the long term that an asset pegged to BTC (Mgw BTC is not bitcoin in my mind).

For exemple if I forget my wallet for months and there is a failure in the Mgw BTC I will have lost all my profits.


Regards,

My Published Policy is that I send dividends by Mgw BTC, But if anyone have more than 10 Assets, And wish to receive dividends in NXT please drop me a PM and I process his/her dividends manually and pay NXT to him/her rather than BTC.
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #37 on: October 10, 2015, 10:41:45 am »

Added the following Sentences:

Forum Threads:

NXT Forum Thread: https://nxtforum.org/assets-board/(ann)-(coinex)-coinex-ir-exchange-fund-raising/

BitcoinTalk Forum Thred: https://bitcointalk.org/index.php?topic=1204913.0
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #38 on: October 10, 2015, 12:35:51 pm »

Coinex Report:

Total Assets Sold: 31

Current Portfolio Combination:

Bitcoin: 0 BTC (1CoinExcJvvLEibPQ9F7WtVBXcPixv3CMV)
Chinese Yen: 10,857 CNY
Iranian Rial: 210,300,000 IRR ≃ 38,029 CNY
American Dollar:  35 USD ≃ 222 CNY

Total Portfolio ≃ 49,108 CNY

1 Bitcoin = 1569 CNY ≃ 244.2 USD

Each Asset now ≃ 1584 CNY ≃ 1.01 BTC

Each Asset at the start of period ≃ 1460 CNY

Increase/Decrease: +%8.5

Description:
I'm happy with the current pegging our portfolio with Fiat. Now we have a %8.5 increase for each asset price from the start of project.

New joining investors can join us with the last asset value as mentioned above (1.01 BTC)
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sepehr

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Re: [Ann] [Coinex] Coinex.ir Exchange fund raising
« Reply #39 on: October 10, 2015, 01:05:25 pm »

Coinex price in NXT Asset Exchange amended because of price change in NXT and Coinex Asset NAV.

Now each Coinex Asset on sale for 32100 NXT ≃ 1.01 BTC.
« Last Edit: October 10, 2015, 01:28:37 pm by sepehr »
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