elective-stereophonic
elective-stereophonic
[ANN] [USDbitfnx]The first dividend paying USD asset(~30%p.a.) !!>250 DAYS OLD!!  
Please login or register.

Login with username, password and session length
Advanced search  

News:

Latest Stable Nxt Client: Nxt 1.12.2

Pages: 1 ... 4 5 [6] 7 8 ... 21  All

Author Topic: [ANN] [USDbitfnx]The first dividend paying USD asset(~30%p.a.) !!>250 DAYS OLD!!  (Read 75145 times)

grex

  • Newbie
  • *
  • Karma: +0/-0
  • Offline Offline
  • Posts: 3
    • View Profile
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 »
Logged
NXT-YFGS-JDY8-L2PP-HQ6SV

tompkr

  • Jr. Member
  • **
  • Karma: +0/-0
  • Offline Offline
  • Posts: 19
    • View Profile
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!
Logged

DoTheNXT

  • Jr. Member
  • **
  • Karma: +3/-0
  • Offline Offline
  • Posts: 50
    • View Profile
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
Logged

tersagun

  • Sr. Member
  • ****
  • Karma: +7/-3
  • Offline Offline
  • Posts: 264
    • View Profile
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 :-)
Logged

himmelsfaller2

  • Jr. Member
  • **
  • Karma: +4/-0
  • Offline Offline
  • Posts: 64
    • View Profile
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!
Logged

colin012

  • Hero Member
  • *****
  • Karma: +65/-18
  • Offline Offline
  • Posts: 851
  • NXTOrganization Marketing
    • View Profile
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!
Logged
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬  ▄▀▀▀▀▀▀▀▀▄  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●  nimirum  ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬ ◖ENDING CENSORSHIP ONLINE◗  ◖ ICO OPEN NOW◗ ▬▬▬

Bitfinex_USD

  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
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!
Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website

tersagun

  • Sr. Member
  • ****
  • Karma: +7/-3
  • Offline Offline
  • Posts: 264
    • View Profile
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.
Logged

satoshi

  • Hero Member
  • *****
  • Karma: +92/-91
  • Offline Offline
  • Posts: 629
    • View Profile
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

Logged
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬  ▄▀▀▀▀▀▀▀▀▄  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●  nimirum  ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬ ◖ENDING CENSORSHIP ONLINE◗  ◖ ICO OPEN NOW◗ ▬▬▬

Bitfinex_USD

  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
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.

Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website

Bitfinex_USD

  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
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.
Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website

Bitfinex_USD

  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
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.

Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website

popolozo

  • Jr. Member
  • **
  • Karma: +1/-1
  • Offline Offline
  • Posts: 19
    • View Profile
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!!
Logged

mister

  • Jr. Member
  • **
  • Karma: +2/-0
  • Offline Offline
  • Posts: 60
  • Ardor Gen
    • View Profile
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!
Logged
NXT-JP7J-U5DW-4LYF-3BAYB

Bitfinex_USD

  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
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!
Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website

satoshi

  • Hero Member
  • *****
  • Karma: +92/-91
  • Offline Offline
  • Posts: 629
    • View Profile
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
Logged
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬  ▄▀▀▀▀▀▀▀▀▄  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●  nimirum  ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬ ◖ENDING CENSORSHIP ONLINE◗  ◖ ICO OPEN NOW◗ ▬▬▬

Bitfinex_USD

  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
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!
Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website

satoshi

  • Hero Member
  • *****
  • Karma: +92/-91
  • Offline Offline
  • Posts: 629
    • View Profile
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?
Logged
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬  ▄▀▀▀▀▀▀▀▀▄  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●  nimirum  ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬ ◖ENDING CENSORSHIP ONLINE◗  ◖ ICO OPEN NOW◗ ▬▬▬

Bitfinex_USD

  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
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)
Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website

Jacinto

  • Hero Member
  • *****
  • Karma: +55/-20
  • Offline Offline
  • Posts: 662
    • View Profile
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.  :)
Logged
BCNext son.
Pages: 1 ... 4 5 [6] 7 8 ... 21  All
 

elective-stereophonic
elective-stereophonic
assembly
assembly