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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 75197 times)

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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BTC: 1JVArfYKssNLEBR3WQv1fNfvNrWiQmq5JU
NXT: 9387163161124147828

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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Pilot

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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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NXT-S27N-JBGA-J8QD-AMAT8

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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