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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 75185 times)

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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nxt: NXT-Z24T-YU6D-688W-EARDT
btc/xcp: 19ULeXarogu2rT4dhJN9vhztaorqDC3U7s

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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nxt: NXT-Z24T-YU6D-688W-EARDT
btc/xcp: 19ULeXarogu2rT4dhJN9vhztaorqDC3U7s

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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nxt: NXT-Z24T-YU6D-688W-EARDT
btc/xcp: 19ULeXarogu2rT4dhJN9vhztaorqDC3U7s

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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nxt: NXT-Z24T-YU6D-688W-EARDT
btc/xcp: 19ULeXarogu2rT4dhJN9vhztaorqDC3U7s

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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nxt: NXT-Z24T-YU6D-688W-EARDT
btc/xcp: 19ULeXarogu2rT4dhJN9vhztaorqDC3U7s

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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Bitfinex_USD

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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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Bitfinex_USD

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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.
Sent from my Lumia using Tapatalk

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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