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[ANN] [USDbitfnx]The first dividend paying USD asset(~30%p.a.) !!>250 DAYS OLD!!
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Author Topic: [ANN] [USDbitfnx]The first dividend paying USD asset(~30%p.a.) !!>250 DAYS OLD!!  (Read 69529 times)

Bitfinex_USD

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Hey guys, Bitfinex_USD here!

The asset will be dissolved. Please send your USDbitfnx to NXT-BQK9-UDGP-2Q97-49H3L to redeem the USDbitfnx for NXT or BTC. Include a msg with a BTC address or a NXT address. Deadline for redeeming is 31.12.2015.



Today I am presenting you the first USD asset on the NXT asset exchange, that will be backed by real USD deposited on bitfinex.com. The USD will be used to provide liquidity for traders on bitfinex and will in return pay intrest. This interest will be distributed once every 2 weeks to the asset holders of USDbitfnx. Assets can be either bought on the NXT asset exchange or by contacting me and depositing BTC or NXT.



Details about the swap program of bitfinex, can be found here: www.bitfinex.com/pages/howitworks
Stats about the historical rates of those swap agreements, can be found here: www.bfxdata.com/swapstats/usd.php



Forum Administrator Damelon agreed to do an audit every once in a while, starting from the point we reach 10,000 USD in the bitfinex account! Thank you!

First AUDIT done: https://nxtforum.org/index.php?topic=3884.msg72567#msg72567

Second Audit done.



We have been added to coinist.co a coin and asset rating site. Please leave some constructive feedback of this asset here: https://coinist.co/nxt/nxt-assets/USDbitfnx-nxtbqk9udgp2q9749h3l



The spreadsheet is now online and I will try to update it daily

https://docs.google.com/spreadsheets/d/1bSej427-QIqm3ls-r3pIwV8XWWEm1aul9I2ToDIzHzA/pubhtml



Name: USDbitfnx
Quantity: 5,000,000
Asset Decimals: 2
Asset ID: 10294386916428132892

Description: Each 1 USDbitfnx asset represents 1 USD deposited at [ur=https://www.bitfinex.com/?refcode=1NrFf6t4Nrl]bitfinex.com[/url] . The USD deposited at bitfinex will be used to provide liquidity to margin traders that pay a fee for that service. This interest is paid daily into our account and is currently hovering at about 0.16% per day(~60% yearly return). This dividend will be distributed proportionally to USDbitfnx holders every two weeks. Details about fees, risks and how to deposit, can be found in this thread on nxtforum.org: https://nxtforum.org/index.php?topic=3884.0



Bitfinex USD Asset
Promoter(s)
Bitfinex_USD
What is it?
Each 1 USDbitfnx asset represents 1 USD deposited at bitfinex.com . The USD deposited at bitfinex will be used to provide liquidity to margin traders that pay a fee for that service. This interest is paid daily into our account and is currently hovering at about 0.16% per day. This dividend will be distributed proportionally to USDbitfnx holders every two weeks.
How many shares to be created?
5,000,000
How many shares to be sold?
The amount of USD in the bitfinex account will determine how many USDbitfnx assets will leave the Issuer Account.
What price will they be sold at?
Market price, whatever people judge them to be worth.
Nxtforum discussion
https://nxtforum.org/index.php?topic=3884.0
Nxt account used to issue assets
NXT-BQK9-UDGP-2Q97-49H3L
2956023623281072679
Asset ID
10294386916428132892
Ticker Symbol
USDbitfnx


FAQ:

How to acquire USDbitfnx?

Right now the only way to acquire USDbitfnx is to buy on the NXT asset exchange. If you want to buy a bigger amount, send me a PM and I will put up an order big enough for you.

Who am I?
I am a hero member of the NXT and bitcointalk community that is very active and has been registered for over four years. Due to regulatory risks, I try to keep my identity as separate from this project as possible. Administrator and community member Damelon agreed to verify this and will confirm this in this thread soon. He also knows my real identity and if I go rouge he will release my identity.

How will the USD be managed?
The USD will be invested in the swap-market on bitfinex and this will happen actively, so I will likely outperform the average lender there.

How will the dividends be paid?
Every 2-3 weeks the dividends will be paid. Every asset holder of USDbitfnx will receive his dividends paid in USDbitfnx. Example (ignoring fees): Lets assume there are two USDbitfnx holders with 400 and 600 assets. Now 25 USD in interest was earned in the last two weeks. This will now be distributed in the following way: 25/(400+600)* 400 = 10 USD   25/(400+600)*600 = 15 USD. Assuming that 1 NXT is worth 0.05 USD, then assetholder 1(400 USDbitfnx) gets 9.95 USDbitfnx as dividend and assetholder 2(600 USDbitfnx) gets 14.95 USDbitfnx.

How much fees do you charge?
Withdraw with BTC: 0.1% exchange fee + 2% personal fee (min 5 USD)
Dividend Fee: 1 NXT + 5% of the dividend amount
These fees are possibly subject to change!

How do you prove that you don't run a fractional reserve? Audit?
I have already asked Damelon if he could make an audit once a month, and I am sure that I will find someone very trustworthy to do this once a month (or on request!).

What risks are involved when holding this asset?
-Exchange risk: Holding USD will make you experience quite some volatility measured in BTC or NXT.
-Insolvency risk: Even though Bitfinex is a registered company and currently very profitable, a market shock, a hack or severe mismanagement (like mtgox) could happen.
-Theft risk: I will try my best to keep the funds safe and will use all security measures provided by bitfinex (2FA ect) to secure the account, still it is not possible to prevent every aspect of attacks.
-Trust risk: You will have to trust me to not run away with the funds. Given the fact that the administrator of this forum knows my identity, this scenario is pretty unlikely though.


The spreadsheet is now online and I will try to update it daily

https://docs.google.com/spreadsheets/d/1bSej427-QIqm3ls-r3pIwV8XWWEm1aul9I2ToDIzHzA/pubhtml

Do you have a refferal code, so that I can get 10% fee discount?
https://www.bitfinex.com/?refcode=1NrFf6t4Nr
« Last Edit: November 29, 2015, 06:04:03 am by Bitfinex_USD »
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Bitfinex_USD

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I will launch the asset within the next hour and will then announce a little promotion, so stay tuned!

Thank you!
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Damelon

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I want to confirm that this account is an alt-account of a senior member of the BTT and NXT community.
He contacted me on PM and confirmed his identity in Skype.
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-Trust risk: You will have to trust me to not run away with the funds. Given the fact that the administrator of this forum knows my identity, this scenario is pretty unlikely though.


Administrator, can you confirm this please?

EDIT: well, damelon, ^^ you post while I was reading.... Can't delete my post.  :D
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Bitfinex_USD

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I want to confirm that this account is an alt-account of a senior member of the BTT and NXT community.
He contacted me on PM and confirmed his identity in Skype.

Thank you again for doing this and hopefully we can find an agreement for the auditing.

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Bitfinex_USD

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Promotion:


I will send 1 USDbitfnx to the next 100 people that post a valid NXT address! Gogogo!
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BitcoinForumator

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NXT-YYYY-8P2Q-8FMV-9AR2B

If you insist  ;)
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Irontiga

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Awesome!

NXT-S27N-JBGA-J8QD-AMAT8
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Bitfinex_USD

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Promotion:


I will send 1 USDbitfnx to the next 100 people that post a valid NXT address! Gogogo!

Like this? NXT-6RKA-ZVFL-VBS6-7D2EP  ;D

Exactly like that! ;)

Already sent to both of you!
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Nxter

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Thanks!

NXT-TPEN-G6NC-JQEX-3TPKY
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Lagb

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #10 on: July 22, 2014, 10:34:01 pm »

Many thanks!

NXT-CHGW-7472-MB8R-C6SKT
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rdanneskjoldr

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #11 on: July 22, 2014, 10:41:02 pm »

NXT-HVGP-XQ27-C8RG-CH535

Thank you. It looks great, nice to see new good assets coming!
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Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #12 on: July 22, 2014, 10:46:54 pm »

NXT-HVGP-XQ27-C8RG-CH535

Thank you. It looks great, nice to see new good assets coming!

Thanks. If you have questions feel free to ask. I want to resolve all uncertainty in this early phase.

Sent everyone his 1 USDbitfnx!
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Tosch110

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #13 on: July 22, 2014, 10:51:22 pm »

Thank you =)

Nice Asset, I am interested in its development

NXT-5RB8-KJD3-BT3B-E2QWW

allbits

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #14 on: July 22, 2014, 10:52:51 pm »

NXT-BRB2-SSPW-WRN3-AKZ38
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Salt023

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #15 on: July 22, 2014, 10:53:27 pm »

I won't be less :), thanks!

NXT-NG89-2CW8-5WBJ-8GLF5
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m30188

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #16 on: July 22, 2014, 10:54:58 pm »

Promotion:


I will send 1 USDbitfnx to the next 100 people that post a valid NXT address! Gogogo!

Cool!
« Last Edit: July 25, 2014, 05:03:54 pm by m30188 »
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Damelon

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #17 on: July 22, 2014, 10:55:42 pm »

NXT-CVY7-HTGP-7BWC-H2EZT :)
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #18 on: July 22, 2014, 10:57:28 pm »

Here is mine. I am looking forward to seeing how this develops!

NXT-ECNH-BHQN-FSUM-74JFT

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Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #19 on: July 22, 2014, 10:58:02 pm »

NXT-CVY7-HTGP-7BWC-H2EZT :)

Sent you 10 USDbitfnx for the hassle :P
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colin012

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #20 on: July 22, 2014, 10:59:36 pm »

Alias: colin012 (I hope that counts!)
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Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #21 on: July 22, 2014, 11:01:03 pm »

Alias: colin012 (I hope that counts!)

Sure it does. Always good to use some of the advanced features ;)
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RGBT

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #22 on: July 22, 2014, 11:01:19 pm »

NXT-NBSG-A585-GAQR-F2AHV
Thank you!
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DrearyUrbanite

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #23 on: July 22, 2014, 11:03:19 pm »

I'll take some and probably buy more. Thanks!

NXT-26MN-75KR-8H26-A9HK6
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humbot

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #24 on: July 22, 2014, 11:08:50 pm »

interested.  Hope it goes well.

NXT-HDAW-8CTY-DX8T-9H7DC
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Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #25 on: July 22, 2014, 11:09:45 pm »

I'll take some and probably buy more. Thanks!

NXT-26MN-75KR-8H26-A9HK6

Sent!

Please if you decide to acquire some USDbitfnx, use the BTC or NXT deposit feature instead of the AE, so that the liquidity is improved. I have waived the fees for depositing (you only pay the fees the exchange charges).
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joseginxt

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #26 on: July 22, 2014, 11:29:08 pm »

NXT-MRBJ-79MH-KR8M-2H65F

Very thanks!
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Shagufta

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #27 on: July 22, 2014, 11:33:36 pm »

If you don't believe...see signature for address.

Thanks!
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Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #28 on: July 22, 2014, 11:36:03 pm »

If you don't believe...see signature for address.

Thanks!

I have no idea what the "if you don't beleive" means, but I sent you 1 USDbitfnx
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TwinWinNerD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #29 on: July 22, 2014, 11:38:26 pm »

10626333978591385112

Thanks

JohnHolmes

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #30 on: July 22, 2014, 11:48:18 pm »

NXT-97WB-F3BH-SASQ-ECY2G

thanks!
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sparta_cuss

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #31 on: July 23, 2014, 12:13:03 am »

Mmmm... Free...

Thank you!

NXT-Z24T-YU6D-688W-EARDT

Edit: Got it!
« Last Edit: July 23, 2014, 03:07:20 am by sparta_cuss »
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nxtperceval

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #32 on: July 23, 2014, 12:14:49 am »

NXT-EUDZ-TJF6-4A5A-GVUL9

thks!
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sile16

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #33 on: July 23, 2014, 12:15:24 am »

 Account RS   :   NXT-MSQT-ZUNP-RFFK-7DSB6
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MrV777

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #34 on: July 23, 2014, 12:15:41 am »

Always excited for a new dividend asset  :)

NXT-BK2J-ZMY4-93UY-8EM9V
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Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #35 on: July 23, 2014, 12:16:01 am »

Mmmm... Free...

Thank you!

NXT-Z24T-YU6D-688W-EARDT

Rofl... :D

It is only ~ 20 NXT no reason to involve homer!



Sent!
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Steve

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #36 on: July 23, 2014, 12:19:24 am »

NXT-WDEZ-CJW6-LHSZ-6RGA2! Woop!
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Dead5pur

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #37 on: July 23, 2014, 12:28:07 am »

NXT-BG26-3BS3-RU6R-BT469

Thank you :)
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Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #38 on: July 23, 2014, 12:28:31 am »

I just had the first purchase and exchanged 0.3 BTC against 185.52 USD on bitfinex!

Lets get this party starting!
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Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #39 on: July 23, 2014, 12:29:27 am »

Regarding the Promotion:

Starting from now on, I will not send the free 1 USDbitfnx to accounts younger than 1 week!
« Last Edit: July 23, 2014, 12:34:52 am by Bitfinex_USD »
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MyZhre

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #40 on: July 23, 2014, 12:38:10 am »

NXT-R8VT-6C23-WYRJ-8UUBZ, Thanks  ;D
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Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #41 on: July 23, 2014, 12:59:24 am »

Good night ladies!
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rlh

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #42 on: July 23, 2014, 01:10:56 am »

Not sure if I made the top 100, but my address is in my sig!
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #43 on: July 23, 2014, 01:32:46 am »

I'm in.

NXT-T42Q-CW9H-CZ4A-2H4NA
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oldnbold

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #44 on: July 23, 2014, 01:37:12 am »

pm sent
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eB101

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #45 on: July 23, 2014, 01:48:25 am »

I'm in, thanks.

NXT-FLVS-VRBV-LDPD-6DZ9W
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dandruff1138

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #46 on: July 23, 2014, 02:02:13 am »

Looks interesting! Thank you!


NXT-6VB2-QUMQ-X4JB-2PN9Z
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cobaltskky

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #47 on: July 23, 2014, 02:16:18 am »

Oh, crap, am I too late to the party? lol  Account is in my sig. :)
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_mr_e

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #48 on: July 23, 2014, 02:30:45 am »

NXT-FGCK-QBW6-8XQH-5KE5S
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FearTheReaper

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #49 on: July 23, 2014, 02:50:21 am »

8319851276665026446

cool concept, this will be an excellent addition!
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jefdiesel

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #50 on: July 23, 2014, 03:17:57 am »

cant say no to dollars

15436509232181115695

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xyzzyx

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #51 on: July 23, 2014, 04:35:17 am »

I'll play.

NXT-L8EV-EMP8-7VE8-88WWL

Thanks.

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Eadeqa

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #52 on: July 23, 2014, 04:53:23 am »

NXT-GZYP-FMRT-FQ9K-3YQGS
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martismartis

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #53 on: July 23, 2014, 05:00:33 am »

I'm in:

NXT-PJ4S-P5MU-LFBV-6ARBY
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cc001

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #54 on: July 23, 2014, 05:01:16 am »

thank you! :)

NXT-8RXS-2SSK-RNF2-HSNL8
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flip09

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #55 on: July 23, 2014, 05:02:15 am »

NXT-9FG2-K3NP-QJ7V-8MH8H

Thanks!! ;)
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autumnyellow

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #56 on: July 23, 2014, 06:22:11 am »

NXT-2J66-G2AA-64YB-3VDZM

New account on this forum, but have been active on bitcointalk forum and participated in nxt swarms...
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stone

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #57 on: July 23, 2014, 06:41:18 am »

I was ready to buy some of the assets being evaluated his yields. Please send me some assets to test purse, thank you.
NXT-RXY2-JFQS-8ZUM-HXKRD
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dsalinas79

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #58 on: July 23, 2014, 06:44:37 am »

Gracias!

NXT-NNBQ-NXU8-8R7E-3TG5M
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Abraxas 147

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #59 on: July 23, 2014, 06:52:22 am »

NXT-BL9Q-B6W2-MK67-7XW6Z

Thanks!  :)
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aigareth

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #60 on: July 23, 2014, 06:53:18 am »

nice project!
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teletobi

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #61 on: July 23, 2014, 06:55:50 am »

NXT-NRGJ-86TR-QBUU-D2C3S

Thanks!
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hisun

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #62 on: July 23, 2014, 06:56:16 am »

good idea.
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btccoffee

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #63 on: July 23, 2014, 07:03:41 am »

9794224258601940475   thx!!
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psic4t

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #64 on: July 23, 2014, 07:04:05 am »

Here is mine:

NXT-3KKX-JF33-KC9K-4DUJN

Thank you!
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Jacinto

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #65 on: July 23, 2014, 07:04:12 am »

Thank you very much!

Amazing Idea!

NXT-3YRH-WRH4-MW27-BU566

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qbd1313

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #66 on: July 23, 2014, 07:05:36 am »

17366041989235272486

thx
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qiuzhixin15

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #67 on: July 23, 2014, 07:06:16 am »

great project
7762692677684888424
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qtgwith

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #68 on: July 23, 2014, 07:06:53 am »

Thanks!

2272647832778302927
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zongry

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #69 on: July 23, 2014, 07:12:41 am »

18147459816695584882 Thank you!  :D
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lbjnext

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #70 on: July 23, 2014, 07:13:32 am »

NXT-2HL8-HDMU-7DMZ-8ANYR 
Thinks! :-\
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mydearvoice

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #71 on: July 23, 2014, 07:15:04 am »

16015710280207259572
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zhwj123

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #72 on: July 23, 2014, 07:16:06 am »

6045729129579045787
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zifcom

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #73 on: July 23, 2014, 07:17:22 am »

NXT-TZH9-R7HW-JLFT-DR3BM
Thank you very much!
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bezbezbez

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #74 on: July 23, 2014, 07:23:57 am »


Thnx ;)
« Last Edit: August 07, 2014, 05:16:24 pm by bezbezbez »
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QQ962

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #75 on: July 23, 2014, 07:25:00 am »

NXT-VGCX-WTSJ-SFUJ-D28W7
Thank you!
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youyou

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #76 on: July 23, 2014, 07:25:26 am »

Maybe too late, but

NXT-M3YC-DENH-URN9-EZMP3

thanks anyway :P
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Darkhorse

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #77 on: July 23, 2014, 07:27:16 am »

Thank you in advance

NXT-A9JQ-ZV7M-PU5M-35ZEY
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abctc

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #78 on: July 23, 2014, 07:28:13 am »

NXT-XWY4-4QVS-ZK3Q-EAZHA
Thank you.
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TallSmile

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #79 on: July 23, 2014, 07:28:55 am »

NXT-EAPU-76MK-2FF6-FKDFY
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NXT-EAPU-76MK-2FF6-FKDFY

rajc

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #80 on: July 23, 2014, 07:33:21 am »

NXT-R8CJ-8AXE-PGHB-4F78P
i hope it is not too late :D
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Ezravdb

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #81 on: July 23, 2014, 07:35:32 am »

NXT-32JJ-SCTZ-FDAH-FUNWN

thanks :)
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Robin

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #82 on: July 23, 2014, 07:40:02 am »

NXT-X4FU-ZPWV-KVE4-9TS7T

Thanks!
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damapapa

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #83 on: July 23, 2014, 07:44:16 am »

16991810208642788239 thanks
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a7594li

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #84 on: July 23, 2014, 07:53:16 am »

28921173865191586

thanks!
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bitdraw

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #85 on: July 23, 2014, 07:56:16 am »

7745109308256700891

hope im still in top 100 ;) thanks!
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lucky88888

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #86 on: July 23, 2014, 07:59:56 am »

lol @ all those new accounts


NXT-E328-UJDF-KTGH-9C6YQ
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8897013707391239174

igmaca

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #87 on: July 23, 2014, 08:35:05 am »

1334338925692560781

thank you!!
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li98090026

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #88 on: July 23, 2014, 08:53:06 am »

Thanks NXT-WYWR-LB6R-J6X4-7F8VG
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Berzerk

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #89 on: July 23, 2014, 08:57:10 am »

No sockpuppets please. :)
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maxll

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #90 on: July 23, 2014, 09:12:14 am »

NXT-UDHN-A4VD-JMWP-GQY57
8)
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TheWireMaster

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #91 on: July 23, 2014, 09:14:42 am »

Im I in the first 100? :)
NXT-5WW2-XQ63-CFGM-G7YAJ
Thx
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Shrapnel

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #92 on: July 23, 2014, 09:16:10 am »

NXT-63DB-ZJPU-WCHS-GX9BE ;D
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scor2k

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #93 on: July 23, 2014, 09:21:54 am »

NXT-FRNZ-PDJF-2CQT-DQ4WQ :)
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frohlocke

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #94 on: July 23, 2014, 09:55:45 am »

Hope not to late:NXT-L4TE-Z7YU-T2RM-29WBC
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Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #95 on: July 23, 2014, 10:24:14 am »

Just replied to all PMs and will now send out the free assets!

Might take a while ;)
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Dr.Beer

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #96 on: July 23, 2014, 10:26:24 am »

NXT-4RVZ-64N3-TPVY-3X698
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valarmg

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #97 on: July 23, 2014, 10:27:20 am »

Just replied to all PMs and will now send out the free assets!

Might take a while ;)

I'm working on automatic asset distribution script (to save time on something like this) in conjunction with dividends but it's probably another few days from release.
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NXT-CSED-4PK5-AR4V-6UB5V

Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #98 on: July 23, 2014, 10:38:20 am »

Just replied to all PMs and will now send out the free assets!

Might take a while ;)

I'm working on automatic asset distribution script (to save time on something like this) in conjunction with dividends but it's probably another few days from release.

Awesome! Really cool service you are offering. I only need it in about 2 weeks from today.

Sent you 10 USDbitfnx as an early thank you!
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #99 on: July 23, 2014, 11:01:37 am »

Just confirmed another deposit of 1 BTC (618 USDbitfnx).
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #100 on: July 23, 2014, 12:55:23 pm »


Thanks!
« Last Edit: July 23, 2014, 04:48:48 pm by grex »
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #101 on: July 23, 2014, 02:14:09 pm »

NXT-6DRG-8Y7R-MWWX-4966R

Thanks!
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #102 on: July 23, 2014, 02:34:42 pm »

NXT-95FX-K2SC-GAPK-5TP9M
Thank you
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #103 on: July 23, 2014, 02:41:59 pm »

I'm not really familiar with Bitfinex but can you just deposit USD there and get daily interest?
If that's the case, why aren't everyone just doing it? Clearly I'm missing a point about margin trades.

Oh, NXT-9E2Z-J8XM-HKYU-G2GC2  BTW :-)
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #104 on: July 23, 2014, 02:53:59 pm »

NXT-V29U-VXZJ-H8UJ-835MA

thanks a lot!
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #105 on: July 23, 2014, 04:16:50 pm »

NXT-HVGP-XQ27-C8RG-CH535

Thank you. It looks great, nice to see new good assets coming!

Thanks. If you have questions feel free to ask. I want to resolve all uncertainty in this early phase.

Sent everyone his 1 USDbitfnx!

Thank you!
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #106 on: July 23, 2014, 04:26:45 pm »

I'm not really familiar with Bitfinex but can you just deposit USD there and get daily interest?
If that's the case, why aren't everyone just doing it? Clearly I'm missing a point about margin trades.

Oh, NXT-9E2Z-J8XM-HKYU-G2GC2  BTW :-)

The first good question!

I will try to structure my answer:

So, why is it better to have USDbitfnx than managing the own bitfinex account?

- simplicity: Several steps of work are not neccessary when using USDbitfnx instead of own account. E.g.: No managing of swaps, security concerns, everything is in the NXT AE account in one place.
- tradebility: When using the own account to provide USD for swaps you are bound to the lending time. To get good rates, one has to offer +15 day terms. This makes the funds stuck for a longer period and also never all funds are available at the same time. Once this asset takes off, the tradebility will be very good, with enough liquidity in the market for this asset.
- competibility: When using this service, the funds are actively managed, thus resulting in an average higher lending rate and shorter downtimes (funds not lent, this is a big problem). The time alone that is needed to do this would only be worth it for larger accounts!
- profitability: Given the points "tradebility, simplicity and competibility" you have to calculate with opportunity costs. Will the saved time, the higher lending rates, the shorter downtime, the higher liquidity be worth the fees, that I am charging for this? If yes: then you would be adviced to use this. If not: well, then you should actively manage your own portfolio!

Regards,

PS: Sent all funds!
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tersagun

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #107 on: July 23, 2014, 04:57:49 pm »

I'm not really familiar with Bitfinex but can you just deposit USD there and get daily interest?
If that's the case, why aren't everyone just doing it? Clearly I'm missing a point about margin trades.

Oh, NXT-9E2Z-J8XM-HKYU-G2GC2  BTW :-)

The first good question!

I will try to structure my answer:

So, why is it better to have USDbitfnx than managing the own bitfinex account?

- simplicity: Several steps of work are not neccessary when using USDbitfnx instead of own account. E.g.: No managing of swaps, security concerns, everything is in the NXT AE account in one place.
- tradebility: When using the own account to provide USD for swaps you are bound to the lending time. To get good rates, one has to offer +15 day terms. This makes the funds stuck for a longer period and also never all funds are available at the same time. Once this asset takes off, the tradebility will be very good, with enough liquidity in the market for this asset.
- competibility: When using this service, the funds are actively managed, thus resulting in an average higher lending rate and shorter downtimes (funds not lent, this is a big problem). The time alone that is needed to do this would only be worth it for larger accounts!
- profitability: Given the points "tradebility, simplicity and competibility" you have to calculate with opportunity costs. Will the saved time, the higher lending rates, the shorter downtime, the higher liquidity be worth the fees, that I am charging for this? If yes: then you would be adviced to use this. If not: well, then you should actively manage your own portfolio!

Regards,

PS: Sent all funds!

Thanks for the reply.
So the market and ratios are always changing during the day, I take it.

Interesting asset nevertheless.
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satoshi

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #108 on: July 23, 2014, 05:15:35 pm »

Interesting idea, another way to diversify your crypto investments.

Only hesitation is about the company itself

https://www.bitfinex.com

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #109 on: July 23, 2014, 05:16:49 pm »


Thanks for the reply.
So the market and ratios are always changing during the day, I take it.

Interesting asset nevertheless.


The normal day on bitfinex used to have big spikes in the lending rate and with a good strategy you were able to exploit this quite a bit and still making sure that you don't have much downtime. The last few days were rather calm, due to the low trading volume and nearly no volatility. But as BTC is expected to keep some of its volatility those calm days are much more the calm before the storm then a longterm swap rate stability.

One more thing, I will always try to stay competitive with the fees charged for this service, so you will keep having a good deal here.

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #110 on: July 23, 2014, 05:25:06 pm »

Interesting idea, another way to diversify your crypto investments.

Only hesitation is about the company itself

https://www.bitfinex.com



According to their website:

"The platform is owned and operated by iFinex Inc. (Bvi), and during this final phase the platform is being prepared to operate under a fully licensed model."

Obviously this is very vague and not very accurate statement. I have talked to Giancarlo (CEO of bitfinex) and came to the conclusion that the firm itself has simply no reason to go rouge. The only thing that could happen would be government intervention and frozen bankaccount ect because of the accepting of USD funds. I can't really assess this risk, but I very much doubt, that the additional risk will offset the added return of investment and make the investment an overall negative one.

Regards


Edit: To clarify: Bvi = British Virgin Islands and they have a very liberal offshore company policy but are still accepted and respected by US and UK governments.
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #111 on: July 23, 2014, 05:31:02 pm »

Processed another deposit, we now have 2202$ on our account.

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popolozo

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #112 on: July 23, 2014, 05:42:44 pm »

NXT-LTUS-KDUV-XK97-3XMEL
Thanks!!
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #113 on: July 23, 2014, 05:47:29 pm »

NXT-JP7J-U5DW-4LYF-3BAYB

Thanks!
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #114 on: July 23, 2014, 05:54:53 pm »

NXT-JP7J-U5DW-4LYF-3BAYB

Thanks!

Sent.

20 free USDbitfnx left!
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satoshi

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #115 on: July 23, 2014, 05:59:30 pm »



According to their website:

"The platform is owned and operated by iFinex Inc. (Bvi), and during this final phase the platform is being prepared to operate under a fully licensed model."

Obviously this is very vague and not very accurate statement. I have talked to Giancarlo (CEO of bitfinex) and came to the conclusion that the firm itself has simply no reason to go rouge. The only thing that could happen would be government intervention and frozen bankaccount ect because of the accepting of USD funds. I can't really assess this risk, but I very much doubt, that the additional risk will offset the added return of investment and make the investment an overall negative one.

Regards


Edit: To clarify: Bvi = British Virgin Islands and they have a very liberal offshore company policy but are still accepted and respected by US and UK governments.

Thanks for your clarification and your honest feedback.

If available please send us a couple of shares, firstly we will review and evaluate when the dividend payments are received and if the return value increases vs risk we will invest for our fund.
NXT-KUQ3-SYHL-E4BE-B2BL5
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #116 on: July 23, 2014, 06:11:41 pm »



According to their website:

"The platform is owned and operated by iFinex Inc. (Bvi), and during this final phase the platform is being prepared to operate under a fully licensed model."

Obviously this is very vague and not very accurate statement. I have talked to Giancarlo (CEO of bitfinex) and came to the conclusion that the firm itself has simply no reason to go rouge. The only thing that could happen would be government intervention and frozen bankaccount ect because of the accepting of USD funds. I can't really assess this risk, but I very much doubt, that the additional risk will offset the added return of investment and make the investment an overall negative one.

Regards


Edit: To clarify: Bvi = British Virgin Islands and they have a very liberal offshore company policy but are still accepted and respected by US and UK governments.

Thanks for your clarification and your honest feedback.

If available please send us a couple of shares, firstly we will review and evaluate when the dividend payments are received and if the return value increases vs risk we will invest for our fund.
NXT-KUQ3-SYHL-E4BE-B2BL5

Sent 10 USDbitfnx.

As the dividend will be about 1.5%-2% per week it is better to have more than a few USD because the 1 NXT transaction fee, will eat quite some of the dividend away otherwise. I am currently considering waving the 1 NXT fee for the first round of dividends so that everyone (even the 1 USD people) can see the dividend!
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satoshi

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #117 on: July 23, 2014, 06:17:01 pm »

+1

Thanks for your generosity.

We will be following closely.

When do you expect to start providing liquidity to the bitfnx network?

When is the first dividend expected?
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #118 on: July 23, 2014, 06:20:18 pm »

+1

Thanks for your generosity.

We will be following closely.

When do you expect to start providing liquidity to the bitfnx network?

When is the first dividend expected?

I will payout the first dividend in about 12-13 days (every 2 weeks after that).

Also I am already providing liquidity! Yesterday for the very short time I started lending we got 0.15$ intrerest, today I am expecting about 1.7$ (~0.16% minus the fees that bitfinex charges)
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Jacinto

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #119 on: July 23, 2014, 06:24:47 pm »

I am currently considering waving the 1 NXT fee for the first round of dividends so that everyone (even the 1 USD people) can see the dividend!

This would be perfect for the newcomers and the users that don't "get" all the implications of your asset.  :)
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Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #120 on: July 23, 2014, 06:29:04 pm »

I am currently considering waving the 1 NXT fee for the first round of dividends so that everyone (even the 1 USD people) can see the dividend!

This would be perfect for the newcomers and the users that don't "get" all the implications of your asset.  :)

How about I send out a dividend after 7 days of lending and waive the fee for that round and then after this every 2 weeks dividend with fee?

This way the asset holders see results very soon. Also I will post the daily interest received + account balance daily!
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satoshi

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #121 on: July 23, 2014, 06:51:43 pm »

So you already have the first drop of rain. It's a great feeling turning your ideas into reality.

Two weeks lead time should be fine, to build some meaningful NXT payout for each investor. You don't wanna pay .3 NXT dividend and pay 1 NXT transfer fee.

but in the meantime you can start a spreadsheet like this with as much details for your asset.

https://docs.google.com/spreadsheets/d/1PgPmK_7Te1r4fRV6CcTcqXMe7Jwrx7KNrML9cvYUcZ8/pubhtml

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #122 on: July 23, 2014, 06:59:32 pm »

So you already have the first drop of rain. It's a great feeling turning your ideas into reality.

Two weeks lead time should be fine, to build some meaningful NXT payout for each investor. You don't wanna pay .3 NXT dividend and pay 1 NXT transfer fee.

but in the meantime you can start a spreadsheet like this with as much details for your asset.

https://docs.google.com/spreadsheets/d/1PgPmK_7Te1r4fRV6CcTcqXMe7Jwrx7KNrML9cvYUcZ8/pubhtml


Yes, I will do this now.
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nanardz

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #123 on: July 23, 2014, 07:29:40 pm »

too late? ;D

2020185508081286987
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #124 on: July 23, 2014, 07:31:29 pm »

too late? ;D

2020185508081286987


Not at all! Sent!
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #125 on: July 23, 2014, 07:59:56 pm »

12089898164102965771

i hope not late
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AngryInca

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #126 on: July 23, 2014, 08:21:58 pm »

Don't think I've ever been quick enough in my life for a promotion, but here's hoping:

NXT-H8XB-X9JD-FAYS-CFJFF

(fingers crossed!)

Edit: Just read the whole post, I might not qualify because I'm new to NXT and I only created my account last night. I ain't no sock puppet though!!!
« Last Edit: July 23, 2014, 08:38:13 pm by AngryInca »
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #127 on: July 23, 2014, 08:57:52 pm »

Hope its not too late:
NXT-HBFW-X8TE-WXPW-DZFAG
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Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #128 on: July 23, 2014, 09:29:12 pm »

Reposting a question I got per PM:

Quote
Hi,

I'm new to NXT and still learning about it.  I'm interested in the Bitfinex assets.  Is there a minimum investment amount, or an amount that's only really worth investing more than - like forging, you really need more than 100000 to make it pay out etc.

For example, what would $100, $200 $300, $500 expected ROI be? (not holding you to this of course!)

Thanks


Hi!

This asset is only traded on NXT asset exchange, it has nothing to do with the forging requirements of NXT.

Basically the USD deposited on bitfinex will yield about 1.7-1.8% every 2 weeks. So if you have 500 USDbitfnx then you will get about 9 USDbitfnx assets sent to your account, every two weeks. From this amount the 5cent for the 1 NXT transaction fee will be deducted. That is why it does more sence to invest $500 rather than $50.

The yearly ROI for a 500$ investment would be about 55% at this moment, so at the end of the 12 month period your account would hold 500 + 275 USDbitfnx assets. 300, 200 and 100 investments would only have a slightly lower ROI. Everything under 25 $ would yield significantly lower ROIs.

Regards
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #129 on: July 23, 2014, 09:38:00 pm »

Promotion is now over! Sorry everyone who missed it.
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #130 on: July 23, 2014, 10:12:20 pm »

I have opened a new NXT account (NXT-3CAM-TZGK-8WZ7-FDU7Y) to use my part of the bitfinex balance to provide liquidity to the market. You can now buy USDbitfnx @ 23.5 NXT (800 pieces) in the NXT AE. Once someone buys them I will use the NXT to deposit at bitfinex and gather more USD. This way the asset will get more liquid every day!
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MJ79

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #131 on: July 23, 2014, 10:30:33 pm »

How will you calculate the dividends if you're paying every 2 weeks but people are buying and selling all the time? Set time and whoever is holding them at that time gets the dividends for the past 2 weeks?
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #132 on: July 23, 2014, 10:37:20 pm »

How will you calculate the dividends if you're paying every 2 weeks but people are buying and selling all the time? Set time and whoever is holding them at that time gets the dividends for the past 2 weeks?

Exactly, I will upload the spreadsheet later this evening and there will be the exacte dividend date marked. So if you hold the funds on that day, you will get the dividend for the last 2 weeks. This is the only possible way to do this.

The 2 week period is a trade-off between convenience (vs e.g. daily dividends) and higher roi (daily dividends will kill the roi for smaller holders).
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #133 on: July 23, 2014, 10:44:34 pm »

Exactly, I will upload the spreadsheet later this evening and there will be the exacte dividend date marked. So if you hold the funds on that day, you will get the dividend for the last 2 weeks. This is the only possible way to do this.

The 2 week period is a trade-off between convenience (vs e.g. daily dividends) and higher roi (daily dividends will kill the roi for smaller holders).

Thought so, thanks. :)
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #134 on: July 23, 2014, 10:53:48 pm »

The spreadsheet is now online and I will try to update it daily

https://docs.google.com/spreadsheets/d/1bSej427-QIqm3ls-r3pIwV8XWWEm1aul9I2ToDIzHzA/pubhtml
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #135 on: July 23, 2014, 11:04:27 pm »

I have opened a new NXT account (NXT-3CAM-TZGK-8WZ7-FDU7Y) to use my part of the bitfinex balance to provide liquidity to the market. You can now buy USDbitfnx @ 23.5 NXT (800 pieces) in the NXT AE. Once someone buys them I will use the NXT to deposit at bitfinex and gather more USD. This way the asset will get more liquid every day!

I am not seeing any of the 800. Were they all gobbled up in one fast purchase?
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #136 on: July 23, 2014, 11:04:35 pm »

I have opened a new NXT account (NXT-3CAM-TZGK-8WZ7-FDU7Y) to use my part of the bitfinex balance to provide liquidity to the market. You can now buy USDbitfnx @ 23.5 NXT (800 pieces) in the NXT AE. Once someone buys them I will use the NXT to deposit at bitfinex and gather more USD. This way the asset will get more liquid every day!

Wow, not even one hour has passed and the 800 USDbitfnx are gone already. Will now rebuy and post a new offer in a couple of hours.
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #137 on: July 23, 2014, 11:05:14 pm »

I have opened a new NXT account (NXT-3CAM-TZGK-8WZ7-FDU7Y) to use my part of the bitfinex balance to provide liquidity to the market. You can now buy USDbitfnx @ 23.5 NXT (800 pieces) in the NXT AE. Once someone buys them I will use the NXT to deposit at bitfinex and gather more USD. This way the asset will get more liquid every day!

I am not seeing any of the 800. Were they all gobbled up in one fast purchase?

Yes, I am shocked too. That was surprisingly fast!
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #138 on: July 23, 2014, 11:12:12 pm »

I have opened a new NXT account (NXT-3CAM-TZGK-8WZ7-FDU7Y) to use my part of the bitfinex balance to provide liquidity to the market. You can now buy USDbitfnx @ 23.5 NXT (800 pieces) in the NXT AE. Once someone buys them I will use the NXT to deposit at bitfinex and gather more USD. This way the asset will get more liquid every day!

I am not seeing any of the 800. Were they all gobbled up in one fast purchase?

Yes, I am shocked too. That was surprisingly fast!

Pity - I would have bought some, particularly at that price.
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #139 on: July 23, 2014, 11:31:10 pm »



Pity - I would have bought some, particularly at that price.

Don't worry, as long as NXT/BTC price stays about the same, I will provide enough liquidity to cater all needs at prices similar to this!
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #140 on: July 24, 2014, 12:53:12 am »

Just received the first interest payment: 2,12 USD!!

Balance now @ 3,259.98 USD with more deposits pending.
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #141 on: July 24, 2014, 01:02:57 am »

You can now buy more USDbitfnx @ 23.5 NXT (~70 USD) in the NXT AE.

Once someone buys them I will use the NXT to deposit at bitfinex and gather more USD. This way the asset will get more liquid every day!

Someone bought 2500 USDbitfnx, now I have to redeposit that so it will take some time to offer a new ask on the NXT AE. More tomorrow.
« Last Edit: July 24, 2014, 02:18:00 am by Bitfinex_USD »
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #142 on: July 24, 2014, 01:15:17 am »

What is the current balance of the bitfinex account?
The name of the USDbitfnx account is: NXTpassthrough
Current balance of the account: $4655
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #143 on: July 24, 2014, 07:39:36 am »

ups... to late
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #144 on: July 24, 2014, 08:40:57 am »

ups... to late
- why "to late" ?
FAQ:
BTC deposit: Just send me a PM here or on NXT-BQK9-UDGP-2Q97-49H3L and I will provide you with a BTC-Deposit address. The BTC will then be exchanged for USD asap on bitfinex. The equivalent USD amount will be sent to your NXT account using the USDbitfnx asset.
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Eadeqa

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #145 on: July 24, 2014, 09:03:08 am »

how this thing is a equivalent to  US dollars unless I canit cash it for a US dollar?



« Last Edit: July 24, 2014, 09:07:33 am by Eadeqa »
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #146 on: July 24, 2014, 09:10:49 am »

how this thing is a equivalent to  US dollars unless I can cash it for a US dollar?




Because a "real" USD is deposited at bitfinex.com. So at anytime you can take this USD and exchange it against BTC LTC or DRK on bitfinex to receive the exact amount minus fees that 1 USD is worth. The amount of USD at our bitfinex account will be audited once a month too.

ups... to late

If you are referring to the promotion, yes, sorry!

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #147 on: July 24, 2014, 09:20:41 am »

NXT-JN4N-F5S9-SGQ8-D4JCB
(registered on the bitcointalk for a long time  :)
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #148 on: July 24, 2014, 09:22:19 am »

NXT-JN4N-F5S9-SGQ8-D4JCB
(registered on the bitcointalk for a long time  :)

Sorry buddy, the promotion is over :(

If you still want USDbitfnx, you can deposit using BTC or NXT or buy on the NXT AE once my funds arrive and I put a new ASK order online.
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Eadeqa

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #149 on: July 24, 2014, 09:22:19 am »

Because a "real" USD is deposited at bitfinex.com. So at anytime you can take this USD and exchange it against BTC LTC or DRK on bitfinex to receive the exact amount minus fees that 1 USD is worth. The amount of USD at our bitfinex account will be audited once a month too.

How do people transfer the USD asset to bitfinex.com ?
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Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #150 on: July 24, 2014, 09:25:02 am »

Because a "real" USD is deposited at bitfinex.com. So at anytime you can take this USD and exchange it against BTC LTC or DRK on bitfinex to receive the exact amount minus fees that 1 USD is worth. The amount of USD at our bitfinex account will be audited once a month too.

How do people transfer the USD asset to bitfinex.com ?

Are you referring to the redeeming of this asset?

Then: I will handle the withdrawals and follow the given orders. E.g.: if you have 1000 USDbitfnx and for some reason decide that you think it is better to withdraw them directly instead of selling them on the NXT AE, then send me a PM and as soon as 1000 USD are not stuck within loanss, I will exchange them against BTC or BTC->NXT and then send them to you. I wrote some more details about that in the opening post.
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Eadeqa

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #151 on: July 24, 2014, 09:39:52 am »

Then: I will handle the withdrawals and follow the given orders. E.g.: if you have 1000 USDbitfnx and for some reason decide that you think it is better to withdraw them directly instead of selling them on the NXT AE, then send me a PM and as soon as 1000 USD are not stuck within loanss, I will exchange them against BTC or BTC->NXT and then send them to you. I wrote some more details about that in the opening post.

Can it be made automated where people can transfer  USD instantly (10 confirmation?) to USDbitfnx account? Why the PM?
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Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #152 on: July 24, 2014, 10:05:36 am »



Can it be made automated where people can transfer  USD instantly (10 confirmation?) to USDbitfnx account? Why the PM?


What exactly do you mean? The deposit process or the withdrawal process?

I don't want to automate anything, because once there is a server in the game, the security risk explodes! Keeping everything manual will make some things slower at the start, but once there is enough liquidity, the depositing and withdrawing will become completely unneccessary, that is the beauty about this concept!
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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #153 on: July 24, 2014, 10:14:08 am »

Deposit just came through!

You can now buy more USDbitfnx @ 24.5 NXT (~2338 USD) in the NXT AE.

Once someone buys them I will use the NXT to deposit at bitfinex and gather more USD. This way the asset will get more liquid every day!
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sparta_cuss

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #154 on: July 24, 2014, 10:54:58 am »

Please tell me if my thinking and calculations are correct here.

If I buy one USDbitfnx asset, then I am putting a dollar's worth of liquidity into the Bitfinex market, and getting a dollar's worth of stake, in terms of fee generation.

Asset cost: 24.5 NXT
Right now, NXT is trading at ~$0.045837 per NXT
That gives a price of $1.1230065 per asset.
So I am paying 12.30065 % over the cost of that dollar's worth of stake.
I hope to gain ~0.16 % of interest per BitFinEx dollar (according to your OP).
If I intend to redeem USD from you, rather than selling on the AE, how long do I have to wait to break even (to pay for the 12.30065% premium to participate)?

(I will most likely sell via the AE at some point, or just keep this lucrative, dividend-paying asset for a long time. I just want to know how to calculate the break-even point.)
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Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #155 on: July 24, 2014, 10:59:56 am »

Please tell me if my thinking and calculations are correct here.

If I buy one USDbitfnx asset, then I am putting a dollar's worth of liquidity into the Bitfinex market, and getting a dollar's worth of stake, in terms of fee generation.

Asset cost: 24.5 NXT
Right now, NXT is trading at ~$0.045837 per NXT
That gives a price of $1.1230065 per asset.
So I am paying 12.30065 % over the cost of that dollar's worth of stake.
I hope to gain ~0.16 % of interest per BitFinEx dollar (according to your OP).
If I intend to redeem USD from you, rather than selling on the AE, how long do I have to wait to break even (to pay for the 12.30065% premium to participate)?

(I will most likely sell via the AE at some point, or just keep this lucrative, dividend-paying asset for a long time. I just want to know how to calculate the break-even point.)

Hey sparta_cuss,

I put up the order just for adding some liquidity to the market and making it easier to buy into this. The markup is to encourage people to rather use the BTC deposit option. That way you pay only the 0.2 % exchange fee and nothing else.

At a 12% premium (wasn't intended, I just put up the order now because I need to go later and BTC price and NXT price was in a downwards trend) you would need about 80-100 days to break even, but I expect this asset to trade at a premium, so most likely much earlier!
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sparta_cuss

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #156 on: July 24, 2014, 11:07:34 am »

Please tell me if my thinking and calculations are correct here.

If I buy one USDbitfnx asset, then I am putting a dollar's worth of liquidity into the Bitfinex market, and getting a dollar's worth of stake, in terms of fee generation.

Asset cost: 24.5 NXT
Right now, NXT is trading at ~$0.045837 per NXT
That gives a price of $1.1230065 per asset.
So I am paying 12.30065 % over the cost of that dollar's worth of stake.
I hope to gain ~0.16 % of interest per BitFinEx dollar (according to your OP).
If I intend to redeem USD from you, rather than selling on the AE, how long do I have to wait to break even (to pay for the 12.30065% premium to participate)?

(I will most likely sell via the AE at some point, or just keep this lucrative, dividend-paying asset for a long time. I just want to know how to calculate the break-even point.)

Hey sparta_cuss,

I put up the order just for adding some liquidity to the market and making it easier to buy into this. The markup is to encourage people to rather use the BTC deposit option. That way you pay only the 0.2 % exchange fee and nothing else.

At a 12% premium (wasn't intended, I just put up the order now because I need to go later and BTC price and NXT price was in a downwards trend) you would need about 80-100 days to break even, but I expect this asset to trade at a premium, so most likely much earlier!

Ok, thanks. Now I see what the 12% markup is for. I think I will PM you and deposit BTC. (I will need to sell something to get BTC, so I'll talk to you later.)
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Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #157 on: July 24, 2014, 11:10:03 am »

Please tell me if my thinking and calculations are correct here.

If I buy one USDbitfnx asset, then I am putting a dollar's worth of liquidity into the Bitfinex market, and getting a dollar's worth of stake, in terms of fee generation.

Asset cost: 24.5 NXT
Right now, NXT is trading at ~$0.045837 per NXT
That gives a price of $1.1230065 per asset.
So I am paying 12.30065 % over the cost of that dollar's worth of stake.
I hope to gain ~0.16 % of interest per BitFinEx dollar (according to your OP).
If I intend to redeem USD from you, rather than selling on the AE, how long do I have to wait to break even (to pay for the 12.30065% premium to participate)?

(I will most likely sell via the AE at some point, or just keep this lucrative, dividend-paying asset for a long time. I just want to know how to calculate the break-even point.)

Hey sparta_cuss,

I put up the order just for adding some liquidity to the market and making it easier to buy into this. The markup is to encourage people to rather use the BTC deposit option. That way you pay only the 0.2 % exchange fee and nothing else.

At a 12% premium (wasn't intended, I just put up the order now because I need to go later and BTC price and NXT price was in a downwards trend) you would need about 80-100 days to break even, but I expect this asset to trade at a premium, so most likely much earlier!

Ok, thanks. Now I see what the 12% markup is for. I think I will PM you and deposit BTC. (I will need to sell something to get BTC, so I'll talk to you later.)

I just need a NXT deposit address for the assets and then I will send you a unique BTC deposit address. After that you can take as long as you want.
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sparta_cuss

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #158 on: July 24, 2014, 11:19:36 am »

Wouldn't it be possible to make a quick ~12% gain on Nxt by sending BTC to you, getting the assets, and then selling the assets on AE just below your offering price of 24.5?

I know this would not add as much liquidity to Bitfinex, but as long as your fee to do the deposit is so high, it encourages this arbitrage, doesn't it?
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Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #159 on: July 24, 2014, 11:22:22 am »

Wouldn't it be possible to make a quick ~12% gain on Nxt by sending BTC to you, getting the assets, and then selling the assets on AE just below your offering price of 24.5?

I know this would not add as much liquidity to Bitfinex, but as long as your fee to do the deposit is so high, it encourages this arbitrage, doesn't it?

It isn't really arbitrage but yes, totally possible, also this would increase the liquidity! The more USD gets deposited, the higher the demand to trade should get.

But obviously, I would also lower my offer if someone would undercut me. That is what a market maker does ;) (As soon as we reach a good amount of USD, I will post a relatively good BID/ASK spread.)
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sparta_cuss

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #160 on: July 24, 2014, 11:25:46 am »

Wouldn't it be possible to make a quick ~12% gain on Nxt by sending BTC to you, getting the assets, and then selling the assets on AE just below your offering price of 24.5?

I know this would not add as much liquidity to Bitfinex, but as long as your fee to do the deposit is so high, it encourages this arbitrage, doesn't it?

It isn't really arbitrage but yes, totally possible, also this would increase the liquidity! The more USD gets deposited, the higher the demand to trade should get.

But obviously, I would also lower my offer if someone would undercut me. That is what a market maker does ;) (As soon as we reach a good amount of USD, I will post a relatively good BID/ASK spread.)

Cool! Let the games begin!  ;)

Not really. I'm no whale, so I think I'll keep most of my assets and just collect the dividends.
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Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #161 on: July 24, 2014, 11:36:55 am »

Wouldn't it be possible to make a quick ~12% gain on Nxt by sending BTC to you, getting the assets, and then selling the assets on AE just below your offering price of 24.5?

I know this would not add as much liquidity to Bitfinex, but as long as your fee to do the deposit is so high, it encourages this arbitrage, doesn't it?

It isn't really arbitrage but yes, totally possible, also this would increase the liquidity! The more USD gets deposited, the higher the demand to trade should get.

But obviously, I would also lower my offer if someone would undercut me. That is what a market maker does ;) (As soon as we reach a good amount of USD, I will post a relatively good BID/ASK spread.)

Cool! Let the games begin!  ;)

Not really. I'm no whale, so I think I'll keep most of my assets and just collect the dividends.

;) No reason to not earn an extra buck. Also keep in mind, with a good trading strategy you could exploit the fact that every 2 weeks on the payment day an abritrage opportunity arises (buying USDbitfnx before dividend and selling after receiving)
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Bitfinex_USD

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #162 on: July 24, 2014, 11:42:53 am »

Forum Administrator Damelon agreed to do an audit once a month, starting from the point we reach 10,000 USD in the bitfinex account! Thank you!
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jefdiesel

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Re: [ANN] [USDbitfnx] The first dividend paying USD asset (~60% per anno)
« Reply #163 on: July 24, 2014, 11:43:57 am »

The sale price for USDbitfnx is 24.5 but there is only 44 buy on the book at 20nxt

I see NXT at 4.6 cents now, so people are only paying $.92 on the market.. so there might be the perception of a market gap, there isn't any liquidity, nor is there any market for selling at the moment.

But this is all new, so lets see where it goes.
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Bitfinex_USD

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The sale price for USDbitfnx is 24.5 but there is only 44 buy on the book at 20nxt

I see NXT at 4.6 cents now, so people are only paying $.92 on the market.. so there might be the perception of a market gap, there isn't any liquidity, nor is there any market for selling at the moment.

But this is all new, so lets see where it goes.

Nearly no-one knows about this asset and only about 6000 USDbitfinex are spread amoung people. I guess in about 1-2 weeks we will see some better liquidity in the market.

Also 24.5 is not the "sale-price" it is only an option to buy, the preferred way is to deposit BTC directly to bitfinex, thus resulting in a price at around 21.5-22 NXT
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jefdiesel

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Sorry I meant "Sell price"
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Bitfinex_USD

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You can now buy more USDbitfnx @ 23.5 NXT (~2338 USD) in the NXT AE.

Once someone buys them I will use the NXT to deposit at bitfinex and gather more USD. This way the asset will get more liquid every day!
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You can now buy more USDbitfnx @ 23.5 NXT (~1200 USD) in the NXT AE.
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Market maker account:

BID: 21.2 NXT (100 USD)
ASK: 23.5 NXT (1200 USD)
Spread 2.3 NXT or ~10%
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Bitfinex_USD

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Current bitfinex.com account balance:



9193 USD

This equals $4538 net new deposits today until now.
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You can now buy more USDbitfnx @ 23.25 NXT (~1150 USD) and @23.5 NXT (~1120 USD) in the NXT AE.
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dandruff1138

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Ok... I am not very smart man. After I purchase asset on AE, then what?
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Bitfinex_USD

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Ok... I am not very smart man. After I purchase asset on AE, then what?

Hi,

After you purchase the USDbitfnx asset you can use it for different things:

- Hold it to diversify your NXT portfolio. This works nicely, because USD and NXT is completely uncorrelated. Holding a mix of USDbitfnx and NXT will guaranteed take volatility out of your portfolioworth. (Less swings!)
- You can directly send USD to other NXT users without bothering to check the NXT price all the time
- You can just hold it and enjoy the ~1.5% interest you will get every 2 weeks (about 50-60% per year)
- Buy it and trade with it to exploit the swings and profit from the spread.

As you can see, it has many purposes and I am sure that within 2 months, we will have a lively market going for USDbitfnx, where you will be able to cashout/cashin multiple thousands of USD without moving the market!
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Bitfinex_USD

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Interest:

Day 1: $2.12
Day 2: $8.90

Accumulated: $11.02

Details can be found here: https://docs.google.com/spreadsheets/d/1bSej427-QIqm3ls-r3pIwV8XWWEm1aul9I2ToDIzHzA/pubhtml

The daily interest payment is increasing fast, this is due to huge deposits coming through every day. This also has a negative effect for the first dividend payment: Funds that where deposited later then others, will receive proportional dividend even if they weren't here in the first days. This will obviously become a lesser problem once the amount of funds deposited stays more constant.

Regards
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dandruff1138

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Ok... I am not very smart man. After I purchase asset on AE, then what?

Hi,

After you purchase the USDbitfnx asset you can use it for different things:

- Hold it to diversify your NXT portfolio. This works nicely, because USD and NXT is completely uncorrelated. Holding a mix of USDbitfnx and NXT will guaranteed take volatility out of your portfolioworth. (Less swings!)
- You can directly send USD to other NXT users without bothering to check the NXT price all the time
- You can just hold it and enjoy the ~1.5% interest you will get every 2 weeks (about 50-60% per year)
- Buy it and trade with it to exploit the swings and profit from the spread.

As you can see, it has many purposes and I am sure that within 2 months, we will have a lively market going for USDbitfnx, where you will be able to cashout/cashin multiple thousands of USD without moving the market!

I guess my question is how do I recieve the interest? Do I have to have an account there as well?
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Bitfinex_USD

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Ok... I am not very smart man. After I purchase asset on AE, then what?

Hi,

After you purchase the USDbitfnx asset you can use it for different things:

- Hold it to diversify your NXT portfolio. This works nicely, because USD and NXT is completely uncorrelated. Holding a mix of USDbitfnx and NXT will guaranteed take volatility out of your portfolioworth. (Less swings!)
- You can directly send USD to other NXT users without bothering to check the NXT price all the time
- You can just hold it and enjoy the ~1.5% interest you will get every 2 weeks (about 50-60% per year)
- Buy it and trade with it to exploit the swings and profit from the spread.

As you can see, it has many purposes and I am sure that within 2 months, we will have a lively market going for USDbitfnx, where you will be able to cashout/cashin multiple thousands of USD without moving the market!

I guess my question is how do I recieve the interest? Do I have to have an account there as well?

In the NXT network, it is possible to send assets. Twice each month, I will send out the dividend with USDbitfnx assets.

Example: On the dividend day, you hold 1000 USDbitfnx. The dividend for the last 2 weeks is 2%. So I will send you 20 USDbitfnx to your NXT acccount. Your final balance will be 1020 USDbitfnx then.

Everything clear?

Regards
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dandruff1138

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Ok... I am not very smart man. After I purchase asset on AE, then what?

Hi,

After you purchase the USDbitfnx asset you can use it for different things:

- Hold it to diversify your NXT portfolio. This works nicely, because USD and NXT is completely uncorrelated. Holding a mix of USDbitfnx and NXT will guaranteed take volatility out of your portfolioworth. (Less swings!)
- You can directly send USD to other NXT users without bothering to check the NXT price all the time
- You can just hold it and enjoy the ~1.5% interest you will get every 2 weeks (about 50-60% per year)
- Buy it and trade with it to exploit the swings and profit from the spread.

As you can see, it has many purposes and I am sure that within 2 months, we will have a lively market going for USDbitfnx, where you will be able to cashout/cashin multiple thousands of USD without moving the market!

I guess my question is how do I recieve the interest? Do I have to have an account there as well?

In the NXT network, it is possible to send assets. Twice each month, I will send out the dividend with USDbitfnx assets.

Example: On the dividend day, you hold 1000 USDbitfnx. The dividend for the last 2 weeks is 2%. So I will send you 20 USDbitfnx to your NXT acccount. Your final balance will be 1020 USDbitfnx then.

Everything clear?

Regards

I think, thank you for the explanation, I am new to this AE thing!
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SamIbandii

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Hello USDbitfnx,
I 'm thinking about joining. What is the current market price for 1 asset?
And because I 'm relatively new to this I'd like to know how to proceed ?


Best regards

PS: I have a NXT wallet active since July 6th.



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sparta_cuss

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Hello USDbitfnx,
I 'm thinking about joining. What is the current market price for 1 asset?
And because I 'm relatively new to this I'd like to know how to proceed ?


Best regards

PS: I have a NXT wallet active since July 6th.

Here you can see all the info on the asset.
http://nxtreporting.com/?as=10294386916428132892

To "join," you simply purchase this asset on the Asset Exchange. Are you familiar with how that works?
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Thanks for the quick reply.
I've studied the wiki page about the Asset Exchange.
So I think I'll manage.

Best regards from Holland,

SamIbandii
NXT-3JJY-EHRA-NWRY-ALFCT
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sparta_cuss

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For this asset, instead of using the Asset Exchange, you can send Bitcoin directly to the OP, Bitfinex_USD, and s/he will send the corresponding number of USDbitfinex assets to your Nxt account. Just PM him/her for details. You can save a few percent by investing in the asset this way. Using the Asset Exchange might be the easiest way to get started, though.

Just a suggestion: Be sure to always check the Asset ID. There are some fake assets out there with the same or similar names as the valid asset, so don't rely on the name. You can check this board (https://nxtforum.org/asset-exchange-general/) to research any particular asset and be sure you have the right one.
« Last Edit: July 25, 2014, 08:03:11 pm by sparta_cuss »
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Bitfinex_USD

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Hi,

yes, buying the asset on the asset exchange is currently significantly more expensive, because I want to encourage BTC deposits, so that the asset gets more liquid.

So either just log onto the exchange and buy the number of assets you want, or send me a private message requesting a BTC deposit address.

Regards
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SamIbandii

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Thanks again,
Always wise to take precautions.
I have no intention of investing in Bitcoins at this moment, so I'll start with the NXT Asset Exchange.
I did check the Asset Id before (10294386916428132892). Purchased 10 shares from NXT-3CAM-TZGK-8WZ7-FDU7Y.
Then I checked the nextreporting webpage, but cannot find myself in de table of shareholders.

I hope this is OK.

Best regards

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sparta_cuss

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Thanks again,
Always wise to take precautions.
I have no intention of investing in Bitcoins at this moment, so I'll start with the NXT Asset Exchange.
I did check the Asset Id before (10294386916428132892). Purchased 10 shares from NXT-3CAM-TZGK-8WZ7-FDU7Y.
Then I checked the nextreporting webpage, but cannot find myself in de table of shareholders.

I hope this is OK.

Best regards

I hope it's ok, too. Prompted by your post, I checked to see if my account is listed as an asset holder, and it, too, is not there. I will contact cc001, the creator of nxtreporting.com and tell him about this issue.

Is NXT-3JJY-EHRA-NWRY-ALFCT the account that has USDbitfinex? If so, what is the numeric id of that account?
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jl777

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Thanks again,
Always wise to take precautions.
I have no intention of investing in Bitcoins at this moment, so I'll start with the NXT Asset Exchange.
I did check the Asset Id before (10294386916428132892). Purchased 10 shares from NXT-3CAM-TZGK-8WZ7-FDU7Y.
Then I checked the nextreporting webpage, but cannot find myself in de table of shareholders.

I hope this is OK.

Best regards

I hope it's ok, too. Prompted by your post, I checked to see if my account is listed as an asset holder, and it, too, is not there. I will contact cc001, the creator of nxtreporting.com and tell him about this issue.
did you regenerate the asset holder list? I think it doesnt update automatically so you need to specifically click and ask to get latest list
In any case if you have assets in your wallet, you have them, regardless of what any website says
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sparta_cuss

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Thanks again,
Always wise to take precautions.
I have no intention of investing in Bitcoins at this moment, so I'll start with the NXT Asset Exchange.
I did check the Asset Id before (10294386916428132892). Purchased 10 shares from NXT-3CAM-TZGK-8WZ7-FDU7Y.
Then I checked the nextreporting webpage, but cannot find myself in de table of shareholders.

I hope this is OK.

Best regards

I hope it's ok, too. Prompted by your post, I checked to see if my account is listed as an asset holder, and it, too, is not there. I will contact cc001, the creator of nxtreporting.com and tell him about this issue.
did you regenerate the asset holder list? I think it doesnt update automatically so you need to specifically click and ask to get latest list
In any case if you have assets in your wallet, you have them, regardless of what any website says

A page refresh should be enough, right?
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Bitfinex_USD

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Thanks again,
Always wise to take precautions.
I have no intention of investing in Bitcoins at this moment, so I'll start with the NXT Asset Exchange.
I did check the Asset Id before (10294386916428132892). Purchased 10 shares from NXT-3CAM-TZGK-8WZ7-FDU7Y.
Then I checked the nextreporting webpage, but cannot find myself in de table of shareholders.

I hope this is OK.

Best regards



It needs to be manually refreshed. I just did that, you can see yourself now in the list.

Regards
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Bitfinex_USD

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Thanks again,
Always wise to take precautions.
I have no intention of investing in Bitcoins at this moment, so I'll start with the NXT Asset Exchange.
I did check the Asset Id before (10294386916428132892). Purchased 10 shares from NXT-3CAM-TZGK-8WZ7-FDU7Y.
Then I checked the nextreporting webpage, but cannot find myself in de table of shareholders.

I hope this is OK.

Best regards

I hope it's ok, too. Prompted by your post, I checked to see if my account is listed as an asset holder, and it, too, is not there. I will contact cc001, the creator of nxtreporting.com and tell him about this issue.

Is NXT-3JJY-EHRA-NWRY-ALFCT the account that has USDbitfinex? If so, what is the numeric id of that account?

I don't know that NXT account tbh.

Asset issuer:

Issuer RS:   NXT-BQK9-UDGP-2Q97-49H3L
Issuer ID:   2956023623281072679

Market Maker:

MM RS: NXT-3CAM-TZGK-8WZ7-FDU7Y
MM ID: 16075400751061444883
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sparta_cuss

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Thanks again,
Always wise to take precautions.
I have no intention of investing in Bitcoins at this moment, so I'll start with the NXT Asset Exchange.
I did check the Asset Id before (10294386916428132892). Purchased 10 shares from NXT-3CAM-TZGK-8WZ7-FDU7Y.
Then I checked the nextreporting webpage, but cannot find myself in de table of shareholders.

I hope this is OK.

Best regards

I hope it's ok, too. Prompted by your post, I checked to see if my account is listed as an asset holder, and it, too, is not there. I will contact cc001, the creator of nxtreporting.com and tell him about this issue.

Is NXT-3JJY-EHRA-NWRY-ALFCT the account that has USDbitfinex? If so, what is the numeric id of that account?

I don't know that NXT account tbh.

Asset issuer:

Issuer RS:   NXT-BQK9-UDGP-2Q97-49H3L
Issuer ID:   2956023623281072679

Market Maker:

MM RS: NXT-3CAM-TZGK-8WZ7-FDU7Y
MM ID: 16075400751061444883

Ok, I see. A page refresh is not enough. You have to re-enter the asset id at the top, or click the "detailed version" link under the Shareholder table.

The account number I was asking about is SamIbandii's account. I just didn't know the numeric value that corresponds to the RS number. By the way, how can I find out the numeric value from the RS number, and vice-versa?
Edit: Nevermind, I'll just use nxtblocks.info, at least for accounts that have a transaction.   
« Last Edit: July 26, 2014, 04:24:38 am by sparta_cuss »
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SamIbandii

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Hello sparta_cuss,
Sorry for my late reply.
Yesterday evening, after placing the order I quickly saw in my wallet that I had 10 USDBitfnx shares. But wasn't to shure.
This morning I read your posts and checked the Nxt Asset Shareholder "Rich List" with the "backtracking tool".
All is well, I found myself as asset holder (numerical ID 10135828578646934046).

How about you?

Best regards
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sparta_cuss

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Hello sparta_cuss,
Sorry for my late reply.
Yesterday evening, after placing the order I quickly saw in my wallet that I had 10 USDBitfnx shares. But wasn't to shure.
This morning I read your posts and checked the Nxt Asset Shareholder "Rich List" with the "backtracking tool".
All is well, I found myself as asset holder (numerical ID 10135828578646934046).

How about you?

Best regards

Yes, I am there, too. I had not been refreshing the data appropriately.
So all is well here. Thank you for asking.
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Bitfinex_USD

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Interest:

Day 1: $2.12
Day 2: $8.90
Day 3: $12.54

Accumulated: $23.56

Details can be found here: https://docs.google.com/spreadsheets/d/1bSej427-QIqm3ls-r3pIwV8XWWEm1aul9I2ToDIzHzA/pubhtml

The daily interest payment is increasing fast, this is due to huge deposits coming through every day. This also has a negative effect for the first dividend payment: Funds that where deposited later then others, will receive proportional dividend even if they weren't here in the first days. This will obviously become a lesser problem once the amount of funds deposited stays more constant.

Regards
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satoshi

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Your momentum is steadily picking up, congrats.

The design of dividend paying asset is such that anybody buying before the payment cutoff date will enjoy the benefits of payout, there is no negative impact to early investors.
 Imagine someone buying on July 30th, not only they missed the first dividend but they will have to wait another two weeks for the payout.

It all eventually evens out in the long run.

Another request for you is to try calculating and posting the estimated payout as the dividend payment date approaches. This will help potential investors jump in at the last moment.
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Bitfinex_USD

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Your momentum is steadily picking up, congrats.

The design of dividend paying asset is such that anybody buying before the payment cutoff date will enjoy the benefits of payout, there is no negative impact to early investors.
 Imagine someone buying on July 30th, not only they missed the first dividend but they will have to wait another two weeks for the payout.

It all eventually evens out in the long run.

Another request for you is to try calculating and posting the estimated payout as the dividend payment date approaches. This will help potential investors jump in at the last moment.

True for the most part, but later investors that did NOT buy their USDbitfnx on the AE will influence everyone else. Nothing I can do about that sadly, but the effect will fade over time.

The projected payout per USDbitfnx is a neat idea, will implement a solid system for that in the next days.

Regards
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tersagun

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I've waited for few days if someone else comes up with the question but seems like I'm the only one who cannot see logic behind it.

What do we do with those assets?! What if I have 1000 assets instead of 10 and noone wants to buy anymore?

I don't get the part with having the dividens as shares instead of regular coins.
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I've waited for few days if someone else comes up with the question but seems like I'm the only one who cannot see logic behind it.

What do we do with those assets?! What if I have 1000 assets instead of 10 and noone wants to buy anymore?

I don't get the part with having the dividens as shares instead of regular coins.
Sent from my Lumia using Tapatalk

I answered this question in parts already:


After you purchase the USDbitfnx asset you can use it for different things:

- Hold it to diversify your NXT portfolio. This works nicely, because USD and NXT is completely uncorrelated. Holding a mix of USDbitfnx and NXT will guaranteed take volatility out of your portfolioworth. (Less swings!)
- You can directly send USD to other NXT users without bothering to check the NXT price all the time
- You can just hold it and enjoy the ~1.5% interest you will get every 2 weeks (about 50-60% per year)
- Buy it and trade with it to exploit the swings and profit from the spread.

As you can see, it has many purposes and I am sure that within 2 months, we will have a lively market going for USDbitfnx, where you will be able to cashout/cashin multiple thousands of USD without moving the market!

In addition:
What happens when no one wants to buy those assets anymore? --> just redeem them and cashout BTC or NXT. The facevalue of those assets will always be 1 USD.

Dividends are in shares because it is the only thing that makes sence. Most people will buy this asset to hold it for the interest. If you get NXT as dividends you lose the compounded interest effect. Also the interest on bitfinex is also paid in USD, so it only makes sence to increase everyones shares from the balance.

Still something unclear?

Regrads
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tersagun

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You can redeem those shares? If so how; you will be buying them back for 1$?

If that's the case all is clear on my side.
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You can redeem those shares? If so how; you will be buying them back for 1$?

If that's the case all is clear on my side.
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If someone wants to cash out rather than selling, I will sell some of the USD on bitfinex and send the BTC or nxt to that person.

As I said for every asset hold by other people, one USD will be held on bitfinex. This will soon be audited by the forum administrator too.

Regards
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tersagun

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Thanks for the this info.

I haven't seen this mentioned before ( maybe I've missed it) that you will be offering buyback option.

Because without a firm "exit method" I cannot see how this differs from a ponzi (or maybe pyramid, not really sure which but you've got the idea) scheme.
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« Last Edit: July 26, 2014, 04:20:08 pm by tersagun »
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satoshi

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Just stepping in to help out a fellow asset issuer:

This is a fairly liquid market, about 127,000 NXT volume this week.
Exit strategy is not a problem.

There are 99 different NXT account holders who own this asset.
http://www.nxtreporting.com/shareholder.php?a=10294386916428132892&show_qnt=

With large number of asset holders it easily rules out any scam.

Paying assets as dividends is a unique strategy on NXT AE but it is quite common on regular stock markets.
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Thanks for the this info.

I haven't seen this mentioned before ( maybe I've missed it) that you will be offering buyback option.

Because without a firm "exit method" I cannot see how this differs from a ponzi (or maybe pyramid, not really sure which but you've got the idea) scheme.
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I mentioned in the opening post that you can withdraw BTC. But yes I will make that more clear!

Thank you, regards
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frohlocke

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Just stepping in to help out a fellow asset issuer:

This is a fairly liquid market, about 127,000 NXT volume this week.
Exit strategy is not a problem.

There are 99 different NXT account holders who own this asset.
http://www.nxtreporting.com/shareholder.php?a=10294386916428132892&show_qnt=

With large number of asset holders it easily rules out any scam.

Paying assets as dividends is a unique strategy on NXT AE but it is quite common on regular stock markets.
Disagree: Not common
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Bitfinex_USD

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127k is not liquid IMO.

Also most stakeholder have 1 free asset. 100 is also not so much really.

Stock market rarely does that yes and when they do it is called thesaurized iirc
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satoshi

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http://www.nasdaq.com/markets/upcoming-splits.aspx

It has dried up in recent years, but back in 90's stock splits were all the rage. Companies like Microsoft, Dell were offering 2 for 1 stock splits almost on annual basis. It is kind of nostalgic, I won't go into much details here, but numerous millionaires were made because of the these stocks.

If you check the link on NxtReporting, you will see asset 10 asset holders with highest number of shares, roughly estimating about 7500 assets of USDbitfnx, no small feat for a newly listed company. This is the true love from NXT community.

You would need to spend a few months at least to build some reputation with some solid dividends before you start getting people's attention.

Imho, you are doing great for a newly listed asset  ;D
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It will definitely take some time to establish myself.

@stocksplits: that is not like paying dividends with the same asset. 99.9% pay in fiat roughly. In 0.01% a asset dividend is played at mergers and acquisitions.
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frohlocke

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http://www.nasdaq.com/markets/upcoming-splits.aspx

It has dried up in recent years, but back in 90's stock splits were all the rage. Companies like Microsoft, Dell were offering 2 for 1 stock splits almost on annual basis. It is kind of nostalgic, I won't go into much details here, but numerous millionaires were made because of the these stocks.

Stock splits are not dividends.
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satoshi

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http://www.nasdaq.com/markets/upcoming-splits.aspx

It has dried up in recent years, but back in 90's stock splits were all the rage. Companies like Microsoft, Dell were offering 2 for 1 stock splits almost on annual basis. It is kind of nostalgic, I won't go into much details here, but numerous millionaires were made because of the these stocks.

Stock splits are not dividends.

ok, my bad

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Bitfinex_USD

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With the price for 1 USD being around 22,5 - 23,00  NXT I have increased my ASK price to 24.25 NXT/USDbitfnx. I still want to encourage the direct deposits, as they increase the liquidity immediately!

1300 USDbitfnx up for sale.

Edit: Price of NXT declined some more, due to a retard posting a 500k sell order...
« Last Edit: July 26, 2014, 11:47:41 pm by Bitfinex_USD »
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cobaltskky

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With the price for 1 USD being around 22,5 - 23,00  NXT I have increased my ASK price to 24.25 NXT/USDbitfnx. I still want to encourage the direct deposits, as they increase the liquidity immediately!

1300 USDbitfnx up for sale.

Edit: Price of NXT declined some more, due to a retard posting a 500k sell order...

MICoin feels your pain: https://nxtforum.org/assets-board/(ann)(micoin)the-most-interesting-coin-in-the-world-pure-90-pom/msg71195/#msg71195
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Bitfinex_USD

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What is the current balance of the bitfinex account?
The name of the USDbitfnx account is: NXTpassthrough
Current balance of the account: $12450
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Bitfinex_USD

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Interest:

Day 1: $2.12
Day 2: $8.90
Day 3: $12.54
Day 4: $14.77

Accumulated: $38.33

Details can be found here: https://docs.google.com/spreadsheets/d/1bSej427-QIqm3ls-r3pIwV8XWWEm1aul9I2ToDIzHzA/pubhtml

Projected total payout on day 7/8: $86.33
Projected payout per USDbitfnx on day 7/8: 0.0072USDbitfnx/USD   (7.2 USDbitfnx per 1000 USDbitfnx)

The actual payout per 1000 USDbitfinx will eventually even out at around 0.8-1%

Regards

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I added some more details to the spreadsheet, also two graphs to visialize the datas.

If you have anymore requests, just let me know!
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sparta_cuss

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I know that you are not the same as Bitfinex, but could you provide some data in chart form from them? I would be particularly interested in seeing how many trades per account or trades per dollar are executed on a daily basis.
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Bitfinex_USD

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I know that you are not the same as Bitfinex, but could you provide some data in chart form from them? I would be particularly interested in seeing how many trades per account or trades per dollar are executed on a daily basis.

Sorry I don't understand fully. Do you mean data from my account, or Bitfinex in general?
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sparta_cuss

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I know that you are not the same as Bitfinex, but could you provide some data in chart form from them? I would be particularly interested in seeing how many trades per account or trades per dollar are executed on a daily basis.

Sorry I don't understand fully. Do you mean data from my account, or Bitfinex in general?

Not your account. From Bitfines. Do you have access to their data?
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Bitfinex_USD

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I know that you are not the same as Bitfinex, but could you provide some data in chart form from them? I would be particularly interested in seeing how many trades per account or trades per dollar are executed on a daily basis.

Sorry I don't understand fully. Do you mean data from my account, or Bitfinex in general?

Not your account. From Bitfines. Do you have access to their data?

I don't have access to personalised data, as what account makes what trade. Also you don't know who you lend your money too. Totally anonymous sytem introduced by bitfinex.

For stats about the lending rates and such (also historical): http://www.bfxdata.com/swapstats/usd.php
For stats and graphs about volume and price, check out this wonderful site: https://bitcoinwisdom.com/markets/bitfinex/btcusd

Or do I missunderstand you, and you want something completely different?
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sparta_cuss

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I know that you are not the same as Bitfinex, but could you provide some data in chart form from them? I would be particularly interested in seeing how many trades per account or trades per dollar are executed on a daily basis.

Sorry I don't understand fully. Do you mean data from my account, or Bitfinex in general?

Not your account. From Bitfines. Do you have access to their data?

I don't have access to personalised data, as what account makes what trade. Also you don't know who you lend your money too. Totally anonymous sytem introduced by bitfinex.

For stats about the lending rates and such (also historical): http://www.bfxdata.com/swapstats/usd.php
For stats and graphs about volume and price, check out this wonderful site: https://bitcoinwisdom.com/markets/bitfinex/btcusd

Or do I missunderstand you, and you want something completely different?

I will describe what I am interested in, and you tell me what sort of data/chart this might correspond to.

Your asset (in which I am investor) pays dividends as a result of the liquidity that it provides traders at Bitfinex, and the per-trade fees that Bitfinex charges, correct? So I want to see how many trades (in other words, how many fees) Bitfinex traders trade. This can be on a per-dollar basis, or per-trader basis, or perhaps something else. I want to see this data over time so that I have a sense for whether dividends of USDbitfinex are on the rise or the wane. Does what I am asking for, and why I am asking for it, make sense? If I misunderstand how your asset or Bitfinex works, please correct me.
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Bitfinex_USD

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I know that you are not the same as Bitfinex, but could you provide some data in chart form from them? I would be particularly interested in seeing how many trades per account or trades per dollar are executed on a daily basis.

Sorry I don't understand fully. Do you mean data from my account, or Bitfinex in general?

Not your account. From Bitfines. Do you have access to their data?

I don't have access to personalised data, as what account makes what trade. Also you don't know who you lend your money too. Totally anonymous sytem introduced by bitfinex.

For stats about the lending rates and such (also historical): http://www.bfxdata.com/swapstats/usd.php
For stats and graphs about volume and price, check out this wonderful site: https://bitcoinwisdom.com/markets/bitfinex/btcusd

Or do I missunderstand you, and you want something completely different?

I will describe what I am interested in, and you tell me what sort of data/chart this might correspond to.

Your asset (in which I am investor) pays dividends as a result of the liquidity that it provides traders at Bitfinex, and the per-trade fees that Bitfinex charges, correct? So I want to see how many trades (in other words, how many fees) Bitfinex traders trade. This can be on a per-dollar basis, or per-trader basis, or perhaps something else. I want to see this data over time so that I have a sense for whether dividends of USDbitfinex are on the rise or the wane. Does what I am asking for, and why I am asking for it, make sense? If I misunderstand how your asset or Bitfinex works, please correct me.

There is a small missunderstanding yes. Basically traders that want to increase leverage on their BTC long positions (they hope for the price to rise) borrow USD to buy more BTC than they could otherwise buy. For this they pay interest (called swap payment on bitfinex). This is the only part, that I receive as interest, I get no share in trading fees that those traders make.

To see how high the swap rate (interest rate) was over time, just go to this site: http://www.bfxdata.com/swapstats/usd.php and choose a bigger time horizont on the "LAST USD SWAPS" chart.

Regards
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sparta_cuss

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I know that you are not the same as Bitfinex, but could you provide some data in chart form from them? I would be particularly interested in seeing how many trades per account or trades per dollar are executed on a daily basis.

Sorry I don't understand fully. Do you mean data from my account, or Bitfinex in general?

Not your account. From Bitfines. Do you have access to their data?

I don't have access to personalised data, as what account makes what trade. Also you don't know who you lend your money too. Totally anonymous sytem introduced by bitfinex.

For stats about the lending rates and such (also historical): http://www.bfxdata.com/swapstats/usd.php
For stats and graphs about volume and price, check out this wonderful site: https://bitcoinwisdom.com/markets/bitfinex/btcusd

Or do I missunderstand you, and you want something completely different?

I will describe what I am interested in, and you tell me what sort of data/chart this might correspond to.

Your asset (in which I am investor) pays dividends as a result of the liquidity that it provides traders at Bitfinex, and the per-trade fees that Bitfinex charges, correct? So I want to see how many trades (in other words, how many fees) Bitfinex traders trade. This can be on a per-dollar basis, or per-trader basis, or perhaps something else. I want to see this data over time so that I have a sense for whether dividends of USDbitfinex are on the rise or the wane. Does what I am asking for, and why I am asking for it, make sense? If I misunderstand how your asset or Bitfinex works, please correct me.

There is a small missunderstanding yes. Basically traders that want to increase leverage on their BTC long positions (they hope for the price to rise) borrow USD to buy more BTC than they could otherwise buy. For this they pay interest (called swap payment on bitfinex). This is the only part, that I receive as interest, I get no share in trading fees that those traders make.

To see how high the swap rate (interest rate) was over time, just go to this site: http://www.bfxdata.com/swapstats/usd.php and choose a bigger time horizont on the "LAST USD SWAPS" chart.

Regards

I see. Yes, I was misunderstanding the asset. (I still like it!  :) ) Thank you for the clarification.
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Bitfinex_USD

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No problem!

Also I will try to get audited tomorrow by Damelon. Hope he has time!
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Bitfinex_USD

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I hope some day in the near future, it will be possible to buy NXT assets using Fiat.

This would be so awesome, if users of my asset, could just buy USDbitfnx with USD and cashout USD again.

The endgame would be: USDbitfnx becomes so liquid, that the spread is extremely close to the "real" value and people averse to cryptocurrency swings, could just hold USDbitfnx instead of NXT and when they need NXT, they just exchange it.
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Bitfinex_USD

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Interest:

Day 1: $2.12
Day 2: $8.90
Day 3: $12.54
Day 4: $14.77
Day 5: $15.28

Accumulated: $53.61



Details can be found here: https://docs.google.com/spreadsheets/d/1bSej427-QIqm3ls-r3pIwV8XWWEm1aul9I2ToDIzHzA/pubhtml

Projected total payout on day 7/8: $85.61
Projected payout per USDbitfnx on day 7/8: 0.0068USDbitfnx/USD   (6.8 USDbitfnx per 1000 USDbitfnx)

The actual payout per 1000 USDbitfinx will eventually even out at around 0.8-1% (per week)

Regards
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Bitfinex_USD

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Due to the bad developement of BTC/USD and NXT/BTC I had to increase the ASK order to 25.25 NXT/USDbitfnx
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Just crossposted this topic to bitcointalk.org: https://bitcointalk.org/index.php?topic=714622.0
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Bitfinex_USD

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Daily Interest Update:

Only 1 more day till the first dividend will be paid!

Day 1: $2.12
Day 2: $8.90
Day 3: $12.54
Day 4: $14.77
Day 5: $15.28
Day 6: $15.94

Accumulated: $69.55



Details can be found here: https://docs.google.com/spreadsheets/d/1bSej427-QIqm3ls-r3pIwV8XWWEm1aul9I2ToDIzHzA/pubhtml

Projected total payout on day 7/8: $85.61
Projected payout per USDbitfnx on day 7/8: 0.0068USDbitfnx/USD   (6.8 USDbitfnx per 1000 USDbitfnx)

The actual payout per 1000 USDbitfinx will eventually even out at around 0.8-1% (per week)

Regards

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Damelon

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I just did the first audit of the account and can confirm that the tally on the account agrees with the tally in the google doc on the first page.

No withdrawals were made from the account.

I have asked for a CSV file of the account to be made available to me every audit, so i have a seperate administration should anything happen.
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Bitfinex_USD

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We have been added to coinist.co a coin and asset rating site. Please leave some constructive feedback of this asset here: https://coinist.co/nxt/nxt-assets/USDbitfnx-nxtbqk9udgp2q9749h3l
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Dividend Payment was successfully sent!

A total of 82 USDbitfnx assets (incl. 5% fee) were distributed to all asset holders. This time the 1 NXT transaction fee was NOT deducted from the amount, thus resulting in <10 USDbitfnx holders also getting a dividend! This was a one time gift from me, so please don't expect this in the future!

Day 1: $2.12
Day 2: $8.90
Day 3: $12.54
Day 4: $14.77
Day 5: $15.28
Day 6: $15.94
Day 7: $15.98

Accumulated: $85.53

https://docs.google.com/spreadsheets/d/1bSej427-QIqm3ls-r3pIwV8XWWEm1aul9I2ToDIzHzA/pubhtml

The next dividend will be paid in exactly 2 weeks!
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sparta_cuss

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Thank you, mystery guest. I got mine!

In the spreadsheet, can you show the dividend payout as a net (minus your fee) percentage of holdings? I realize that this is dependent upon activity within Bitfinex, but I'm still curious to see what I am getting as a percentage of the asset. 
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Abraxas 147

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Quote
In the spreadsheet, can you show the dividend payout as a net (minus your fee) percentage of holdings? I realize that this is dependent upon activity within Bitfinex, but I'm still curious to see what I am getting as a percentage of the asset.

Bitfinex_USD has posted the information in the asset transfer. Here it is:

Dividend total: $81.25
Dividend per USDbitfnx 0.0064 USDbitfnx

@Bitfinex_USD: Many thanks for the first divident payment!
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profitofthegods

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If you own a small amount and your dividend is less than 1 NXT, does payout get paused and your balance accumulate, or does it just cancel out so that you never get anything?

Please ignore me - I need to engage my brain before asking questions. I skimmed my transactions and saw 0.something dividend and for some reason assumed that was 0.something NTX, but of course it is denominated in USD not NXT.
« Last Edit: July 30, 2014, 09:41:25 am by profitofthegods »
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Shrapnel

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Got the dividend payment. Keep up the good work  ;)
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cr7yp

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Hope i'm not too late  :D

NXT-NQL9-KQ9Q-P37H-2EJ8U
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Bitfinex_USD

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Thank you, mystery guest. I got mine!

In the spreadsheet, can you show the dividend payout as a net (minus your fee) percentage of holdings? I realize that this is dependent upon activity within Bitfinex, but I'm still curious to see what I am getting as a percentage of the asset. 

As abrax said, the 0.0064USDbitfnx/USDbitfnx is the percentage. In this case: 0.64%

Got the dividend payment. Keep up the good work  ;)

Thank you, that means alot!

Hope i'm not too late  :D

NXT-NQL9-KQ9Q-P37H-2EJ8U

Too late for what exactly?

Regards
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Jacinto

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Thank you for the first "dividends"!

Amazing work you are doing here!  :)
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Bitfinex_USD

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Thank you for the first "dividends"!

Amazing work you are doing here!  :)

Thank you!

If someone got time, please leave some constructive feedback at the rating site: https://coinist.co/nxt/nxt-assets/USDbitfnx-nxtbqk9udgp2q9749h3l
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satoshi

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dividend received Thank you.

Placed a bid for some more USDbitfnx   ;D
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thank you  :D.
good news
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Hello USBitfinex_USD,
Received dividend. That's great!
And what I like is that all can easily be monitored on nxtreporting.com.

And I hope that every two weeks there will be less people who still hesitate about this asset.

Wish you lots of succes!
 
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Hello USBitfinex_USD,
Received dividend. That's great!
And what I like is that all can easily be monitored on nxtreporting.com.

And I hope that every two weeks there will be less people who still hesitate about this asset.

Wish you lots of succes!
 

Glad to provide a valuable service.

Nxtreporting is a really awesome site, yes. Really smooth and intuitive handling!

Thank you, sir! I hope this takes off and we can reach a capitalization of >100,000 USD , so that liquidity on the market will be a non-issue.
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joseginxt

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Received
Very good job
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Bitfinex_USD

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As the price of 1 USD just got significantly higher calculated in NXT, I had to change the ASK order to 26.75 NXT/USDbitfnx

http://www.nxtreporting.com/stats.php --> 24.65 NXT
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cimot

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i still looking to buy nxt via paypal
but its look great  ;D

NXT-VVAS-ZY49-9RRU-AE59Q
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Bitfinex_USD

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The price of 1 USD just recovered calculated in NXT, I changed the ASK order to 25.25 NXT/USDbitfnx

http://www.nxtreporting.com/stats.php --> 23,50 NXT
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Bitfinex_USD

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Interest, Week 2-3:

Day 1: $15.44
Day 2: $15.57


Accumulated: $31.01

Projected total payout on day 14/15: $226.8
Projected payout per USDbitfnx on day 14/15: 0.01512USDbitfnx/USD   (15.12 USDbitfnx per 1000 USDbitfnx)

The actual payout per 1000 USDbitfinx will eventually even out at around 15-20USDbitfnx (every 2 weeks)



Details can be found here: https://docs.google.com/spreadsheets/d/1bSej427-QIqm3ls-r3pIwV8XWWEm1aul9I2ToDIzHzA/pubhtml



Regards
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sparta_cuss

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The actual payout per 1000 USDbitfinx will eventually even out at around 15-20USDbitfnx (every 2 weeks)
[/b]

Check my math, but I think that is an annual rate of 47-67%!!!!  :o
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Bitfinex_USD

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Yes, the currently expected yearly return will be around this percentage. But this is obviously depending on the development of the swap rate on bitfinex.

Regards
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abctc

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i still looking to buy nxt via paypal
..
- you can do this at p2p exchange nxtex.net.

USDbitfnx is a great asset, but it is not about buying NXT (actually it is about selling NXT or BTC).
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Bitfinex_USD

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The price of 1 USD just recovered calculated in NXT, I changed the ASK order to 23.99 NXT/USDbitfnx

http://www.nxtreporting.com/stats.php --> 22,75 NXT
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a7594li

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its look great!
can u send me some for test?
NXT-KQ74-NY5D-2J8J-2ZPT2
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Bitfinex_USD

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its look great!
can u send me some for test?
NXT-KQ74-NY5D-2J8J-2ZPT2

Hi a7594li,

I can't just send out assets because every USD must be accounted for. The promotion I run, I had deposited extra USD into that account and sent out my own funds.

Regards
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Abraxas 147

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No interest yesterday? Theres is no entry in your Sheet...
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Bitfinex_USD

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No interest yesterday? Theres is no entry in your Sheet...

There was interest. Just didn't yet updated.

It is now fixed.

Regards:)

(Edit: Now)
« Last Edit: August 02, 2014, 02:02:31 pm by Bitfinex_USD »
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Abraxas 147

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+1  :D
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joseginxt

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its look great!
can u send me some for test?
NXT-KQ74-NY5D-2J8J-2ZPT2

right now it is easy to buy

1 USDbitfnx = 23 NXT = 0.001817 BTC

Luck
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Bitfinex_USD

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its look great!
can u send me some for test?
NXT-KQ74-NY5D-2J8J-2ZPT2

right now it is easy to buy

1 USDbitfnx = 23 NXT = 0.001817 BTC

Luck

Yes, and 23 NXT * 0.00007550 * 585 = 1,015 USD

But sending BTC directly is still the cheapest.
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Bitfinex_USD

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Interest, Week 2-3:

Day 1: $15.44
Day 2: $15.57
Day 3: $15.82
Day 4: $15.44
Day 5: $15.37


Accumulated: $77.64

Projected total payout on day 14/15: $217
Projected payout per USDbitfnx on day 14/15: 0.01496USDbitfnx/USD   (14.96 USDbitfnx per 1000 USDbitfnx)

The actual payout per 1000 USDbitfinx will eventually even out at around 15-20USDbitfnx (every 2 weeks)



Details can be found here: https://docs.google.com/spreadsheets/d/1bSej427-QIqm3ls-r3pIwV8XWWEm1aul9I2ToDIzHzA/pubhtml



Regards
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KarlKarlsson

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Is there enough liquidity to buy the assets directly on the AE? Would think about joining your project if my order gets filled - would make it little below USD 1  ;)
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Bitfinex_USD

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Is there enough liquidity to buy the assets directly on the AE? Would think about joining your project if my order gets filled - would make it little below USD 1  ;)

Well, I will always offer USDbitfnx at around 2-5% markup, you can also send funds to my account directly. But for small amounts of funds you are best off not buying it really. 1 USDbitfnx is even to small to receive interest, because the 1 NXT fee would be higher than the dividend!
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KarlKarlsson

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I wasn't talking about investing 1 US-Dollar  :)

I invest if you offer me a sell order in the AE at 22.80 or if I can send you 2280 Nxt - both equal 100 assets at current market rates.
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Bitfinex_USD

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I wasn't talking about investing 1 US-Dollar  :)

I invest if you offer me a sell order in the AE at 22.80 or if I can send you 2280 Nxt - both equal 100 assets at current market rates.

Oh, yeah I missinterpreted that. Sorry.

What happens when you send NXT to me is I will sell it on BTER, send to bitfinex and sell for USD. Whatever amount gets to bitfinex is what you get. No fees charged from my side.  That being said, you will probally get a worse rate than 22.8 due to slippage and exchange fees.

I am not running a bucket shop, so I can't sell USDbitfnx without transfering USD to bitfinex. So I can't just sell USDbitfnx @ cost, as I also need to cover my fees. But, you can offer a BID on the AE and one of the existing stakeholder could sell into you, or the price could move again ;)

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Bitfinex_USD

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Interest, Week 2-3:

Day 1: $15.44
Day 2: $15.57
Day 3: $15.82
Day 4: $15.44
Day 5: $15.37
Day 6: $14.81
Day 7: $14.20
Day 8: $14.16
Day 9: $14.53
Day 10: $14.07

Accumulated: $149.41

Projected total payout on day 14/15: $210
Projected payout per USDbitfnx on day 14/15: 0.01346USDbitfnx/USD   (13.46 USDbitfnx per 1000 USDbitfnx)




Details can be found here: https://docs.google.com/spreadsheets/d/1bSej427-QIqm3ls-r3pIwV8XWWEm1aul9I2ToDIzHzA/pubhtml

Regards
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Bitfinex_USD

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Arbitrage opportunity!

Currently price of 1 USD ~ 26.25 NXT, but there are 2 ASKs for 24.9NXT and 25 NXT!
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Abraxas 147

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When I look at your overview sheet there seems to a a slight decrease in interest per day (%) over time, although the ballance is incresing (also slightly). Is there a reason for this or is this only an randon effect?


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Bitfinex_USD

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The daily interest rate the borrowers are willing to pay is decreasing. This is most likely die to stagnant markets.
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Abraxas 147

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Quote
The daily interest rate the borrowers are willing to pay is decreasing. This is most likely die to stagnant markets.

Thanks for the explanation!
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Bitfinex_USD

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TOMORROW IS DIVIDEND DAY!

Interest, Week 2-3:

Day 1: $15.44
Day 2: $15.57
Day 3: $15.82
Day 4: $15.44
Day 5: $15.37
Day 6: $14.81
Day 7: $14.20
Day 8: $14.16
Day 9: $14.53
Day 10: $14.07
Day 11: $14.17
Day 12: $12.60
Day 13: $13.46
Day 14: $13.53

Accumulated: $203.17

Projected total payout on day 14/15: $216
Projected payout per USDbitfnx on day 14/15: 0.0138USDbitfnx/USD   (13.8 USDbitfnx per 1000 USDbitfnx)




Details can be found here: https://docs.google.com/spreadsheets/d/1bSej427-QIqm3ls-r3pIwV8XWWEm1aul9I2ToDIzHzA/pubhtml

Regards

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DrearyUrbanite

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Good job! Keep up the great work!
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Bitfinex_USD

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Good job! Keep up the great work!

Thank you! Will definately do.
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Bitfinex_USD

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Don't forget today is dividend day :)
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Bitfinex_USD

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I have just successfully paid out 205.32 USDbitfnx in dividend.

Message attached to the dividend payment:
Quote
This is the Week 2+3 Dividend Payment!                   
This round, the 1 NXT will be deducted from the dividends.                  
If the dividend amount is below 0.1 USDbitfnx, the dividend will be noted for that account and accumulated.                  
Dividend total: $205,32                  
Total outstanding USDbitfnx not in the issuer account: $15393,11                  
Dividend per USDbitfnx 0.01314 USDbitfnx                   
Please leave some feedback here:                   
Main thread: https://nxtforum.org/index.php?topic=3884.0                  
Post rating here: https://coinist.co/nxt/nxt-assets/USDbitfnx-nxtbqk9udgp2q9749h3l                  

If you have not received your payment, contact me please.

Next dividend payment will be in exactly 14 days!
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Abraxas 147

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Received  :) Great work!
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I'm curious if the estimated 60% return per year takes into account the compounding? If so, is it compounding every week, or does it depend on how long you loan out the swaps on bitfinex?
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Bitfinex_USD

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Swap payments on bitfinex are simple interest . but I loan it out instantly after receiving interest. Thus makes the stream like compounding interest.
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Hooch73

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Hello

As a small investor in your Asset I would like to ask a question. Please forgive me if this seems uninformed, however I am new to NXT and the AE. 

Questions :
1) As your assets are held in USD, how are you hedged against a NXT price rise to (for example only : NXT 1.00 : USD 10) compared to the current price of approx NXT 1 : USD 0.04) ?   
2) How will the asset price be affected if NXT goes to NXT1 : USD 10 considering the underlying asset is in USD ? 
3) Will the Asset price reduce accordingly, as the underlying asset is USD, negating the asset holders opportunity to take advantage of a rising NXT : USD rate ?

Thanks for the great returns to date - well received
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Irontiga

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Hello

As a small investor in your Asset I would like to ask a question. Please forgive me if this seems uninformed, however I am new to NXT and the AE. 

Questions :
1) As your assets are held in USD, how are you hedged against a NXT price rise to (for example only : NXT 1.00 : USD 10) compared to the current price of approx NXT 1 : USD 0.04) ?   
2) How will the asset price be affected if NXT goes to NXT1 : USD 10 considering the underlying asset is in USD ? 
3) Will the Asset price reduce accordingly, as the underlying asset is USD, negating the asset holders opportunity to take advantage of a rising NXT : USD rate ?

Thanks for the great returns to date - well received

correct me if i'm wrong but i believe that

-if nxt price goes to 10 usd, then usdbitfenix price drops to 0.1nxt
-if nxt drops to 0.001 usd, then usdbitfenix price goes to 1000nxt,
-it is safe, if nxt completely dies, then you could cash out for btc

all that the asset exchange listing does is make it easy to manage
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Bitfinex_USD

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Correct, irontiga. The assetprise is the inverse of Bitcoinprice*NXT/BTC. 

Example: Bitcoinprice= 500$
NXT/BTC = 0.00005
Asset price = 1 / (500*0.00005) = 40NXT
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jungian

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I might have missed it, but how does one cash out?

Just send you a PM, send the asset back and recieve BTC/NXT at a chosen adress?
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Bitfinex_USD

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I might have missed it, but how does one cash out?

Just send you a PM, send the asset back and recieve BTC/NXT at a chosen adress?

Exactly. The current fee for that is
BTC: 0.1% exchange fee + 0.5% personal fee
NXT: 0.1% + 0.2% exchangefee + 0.5% personal fee

But you can always post a sell offer on the asset exchange and thus try to get a better price. Once this asset has much liquidity, it will always be possible to find a counterparty, because cashing out will give you 99.2% of the asset and most people will be happy to pay more than 0.992 USD per USD :D
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humbot

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Next dividend payout date?
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jungian

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Next dividend payout date?

It should have happend two days ago.
« Last Edit: August 29, 2014, 08:41:21 am by jungian »
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humbot

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Next dividend payout date?

It should have happend two days ago.

Was there a dividend or not? The USDbitfnx spreadsheet has not been updated since the 24th.
https://docs.google.com/spreadsheets/d/1bSej427-QIqm3ls-r3pIwV8XWWEm1aul9I2ToDIzHzA/pubhtml
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jungian

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Next dividend payout date?

It should have happend two days ago.

Was there a dividend or not? The USDbitfnx spreadsheet has not been updated since the 24th.
https://docs.google.com/spreadsheets/d/1bSej427-QIqm3ls-r3pIwV8XWWEm1aul9I2ToDIzHzA/pubhtml

No, I have not received a dividend.
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Bitfinex_USD

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Sorry guys for the bad communication: I was called to a suddne businesstrip. I will try to payout the dividend today. No worries for the funds, they are safe and I will soon make a new auditing with damelon.

Regards
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jungian

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Sorry guys for the bad communication: I was called to a suddne businesstrip. I will try to payout the dividend today. No worries for the funds, they are safe and I will soon make a new auditing with damelon.

Regards

It's ok. But these things should be communicated. A short message to let investors know what's going in takes no longer than a toilet break.
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Bitfinex_USD

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Paid out everything.

Message attached:

This is the Week 4+5 Dividend Payment!                   
This round, the 1 NXT will be deducted from the dividends.                  
If the dividend amount is below 0.1 USDbitfnx, the dividend will be noted for that account and accumulated.                  
Dividend total: $123,04                  
Total outstanding USDbitfnx not in the issuer account: $16408                  
Dividend per USDbitfnx 0.00749 USDbitfnx                   
Please leave some feedback here:                   
Main thread: https://nxtforum.org/index.php?topic=3884.0                  
Post rating here: https://coinist.co/nxt/nxt-assets/USDbitfnx-nxtbqk9udgp2q9749h3l                  

All details can be found here: https://docs.google.com/spreadsheets/d/1bSej427-QIqm3ls-r3pIwV8XWWEm1aul9I2ToDIzHzA/pubhtml
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Bitfinex_USD

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Sorry again for the delay, normally the dividend and the updates sould be made instantly, but due to the circumstances that was not possible. I should have announced that though.

Regards!
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PoofKnuckle

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Thank you!

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sparta_cuss

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I see that it has been almost a week since the spreadsheet was updated. Is anything wrong?
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Bitfinex_USD

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I see that it has been almost a week since the spreadsheet was updated. Is anything wrong?

Nothing is wrong. I will be back at home in a few days from the businesstrip. My hotel has very shitty internet and I dislike logging into sensitive accounts from non-secure lines.

Will update the spreadsheet now.

Also once I am home I will contact damelon and we will do the second auditing.

Sorry guys, I know this looks very unprofessionally.
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Rothbard

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How do you get so high interest rates, while the FRR is so low?
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Bitfinex_USD

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How do you get so high interest rates, while the FRR is so low?

I don't use Flash return rates. But even the Fixed return rates are down big time, due to the uncertainty in the markets.

Usually I am 10-15% over FRR
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Rothbard

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How do you get so high interest rates, while the FRR is so low?

I don't use Flash return rates. But even the Fixed return rates are down big time, due to the uncertainty in the markets.

Usually I am 10-15% over FRR

How can you get higher rates than FRR is there's already people often offering loans for less than the FRR?
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Bitfinex_USD

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With a good strategy of loaning, you can certainly fetch loans that pay above the market rates ;)
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jungian

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So, dividends today?

Also, when's the next audit due? It was supposed to be once a month, right?
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Rothbard

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With a good strategy of loaning, you can certainly fetch loans that pay above the market rates ;)

What do you mean? There are often sell (lend) offers even under the FRR, how do you expect to get much than the FRR? Nobody would accept those offers.
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Bitfinex_USD

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So, dividends today?

Also, when's the next audit due? It was supposed to be once a month, right?

I contacted Damelon today but he wasn't online until now. Will do the audit asap.

The dividend will be sent out tomorrow.
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Bitfinex_USD

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With a good strategy of loaning, you can certainly fetch loans that pay above the market rates ;)

What do you mean? There are often sell (lend) offers even under the FRR, how do you expect to get much than the FRR? Nobody would accept those offers.

Atm I am extremely close to the FRR. But once the loans are pretty volatile, there is quite a big spread between FRR and Fixed loans.
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Bitfinex_USD

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Just finished the dividend payments!

If you feel that you were missed out, shoot me a PM.

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Bitfinex_USD

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Audit will be done today by Damelon.
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Bitfinex_USD

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Starting from now on the dividend will be paid once a month.

As the interest declined significantly on the Bitfinex swapmarkets, it makes much more sense this way!
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_mr_e

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Starting from now on the dividend will be paid once a month.

As the interest declined significantly on the Bitfinex swapmarkets, it makes much more sense this way!

As long as it's still compounded bi weekly!
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_mr_e

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Also, have you seen the new dividend payment system located inside the nxtServices MGW build?
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Bitfinex_USD

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Starting from now on the dividend will be paid once a month.

As the interest declined significantly on the Bitfinex swapmarkets, it makes much more sense this way!

As long as it's still compounded bi weekly!

The interest is basically compounded daily, as I reinvest USD once it hits the 10 USD treshhold. (This happens every 3 days or once another loan runs out)
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Bitfinex_USD

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Also, have you seen the new dividend payment system located inside the nxtServices MGW build?

Yes, but this only works for NXT dividends, not asset dividends afaik.
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valarmg

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Also, have you seen the new dividend payment system located inside the nxtServices MGW build?

Yes, but this only works for NXT dividends, not asset dividends afaik.

No, an early version only worked for NXT. It's been working with asset dividends for a while now.
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Bitfinex_USD

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Also, have you seen the new dividend payment system located inside the nxtServices MGW build?

Yes, but this only works for NXT dividends, not asset dividends afaik.

No, an early version only worked for NXT. It's been working with asset dividends for a while now.

Oh, very good to know for future references!
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Bitfinex_USD

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The account was just audited by Damelon and he will confirm that everything is according to the spreadsheet (off by <2 USD).


Thank you Damelon!
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Damelon

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I confirm that I have audited the accounts and they match up with the sheet.
I also have a CSV with all data, by the way, for my own accounting.
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_mr_e

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The account was just audited by Damelon and he will confirm that everything is according to the spreadsheet (off by <2 USD).

What a SCAM. Where did that 2 USD go!? :P :P :P
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Pilot

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The account was just audited by Damelon and he will confirm that everything is according to the spreadsheet (off by <2 USD).

What a SCAM. Where did that 2 USD go!? :P :P :P

It depends. Are there 2 more assets than USD at Bitfinex, if so WOOT!. If the other way, scam. ;)
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Bitfinex_USD

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The account was just audited by Damelon and he will confirm that everything is according to the spreadsheet (off by <2 USD).

What a SCAM. Where did that 2 USD go!? :P :P :P

The amount on dividend day was off by 30-40 cents! ;)

With deposits and withdrawals I did round them to the nearest full USD, will do exact accounting in the future ;)