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[ANN] FunBot asset has been refunded, sell your assets for full 100% refund! singapore
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Author Topic: [ANN] FunBot asset has been refunded, sell your assets for full 100% refund!  (Read 52627 times)

FunBot

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Hello,

This is the official topic of the asset listing of FunBotV1, FunBotV2 and FunBotReve.





Official FunBotV1 Asset:

Asset ID: 502090591603781088
Issuer Account: NXT-XKFE-4HSX-97DG-8BX6J
Quantity: 10,000,000


Official FunBotV2 Asset:

Asset ID: 12493410536881189993
Issuer Account: NXT-XNEV-N6M9-NTVL-68QT9
Quantity: 10,000,000

Revenue Share Asset:
Asset ID: 3930224606324455741    
Issuer Account: NXT-TZZC-JAG9-DLBW-6XDZY
Quantity: 10,000,000

When do you pay dividend?

Each Sunday or Monday.

History of dividends:

Sep. 30:  7325 NXT
Oct. 01:  4722 NXT
Oct. 02:  5834 NXT
Oct. 03:  6944 NXT
Oct. 04: 5989 NXT
Oct. 05: 4189.5 NXT
Oct. 07: 7284 NXT
Oct. 12: 26837 NXT
Oct. 19. 35190 NXT

Total: 104314.5 NXT


FunBotV1:
Arbitrage + Market-making bot. Pays weekly dividends. 70% of the revenue of FunBotV1 goes to FunBotV1 asset holders. 30% go to FunBotReve holders.

FunBotV2:
Automated technical analysis bot. Pays weekly dividends. 70% of the revenue of FunBotV2 goes to FunBotV2 asset holders. 30% go to FunBotReve holders.

FunBotReve:
Asset holders of FunBotReve get 30% of FunBotV1 and FunBotV2 revenues.

[Announcement]

Due to extremely irrational and insulting Investors, I have decided to implement the following rule:

I can and will sell FunBotReve at whatever price I want to. If you decide to buy FunBotReve you acknoledge that. That means I can sell at 1000 NXT on one day and 0.01 NXT on the next day.

If someone disagrees with this, he can contact me and I will refund him the price he paid for his FunBotReve.

[/Announcement]


What is this asset and why are there so many of them?

Each asset equals 1 NXT in the bankroll used by the trading bot. Profits will be distributed via dividend regularly. This asset will not apprechiate in value but will payout all NXT it gains with trading. 1 FunBotV1 will always equal 1 NXT + upcoming dividend.

What is this project about?

FunBotV1 is an full automated trading bot that was built in the last 2 months. Its main goal is the exploitation of arbitrate opportunities arising on markets hosted by https://bter.com https://poloniex.com https://cryptsy.com and https://trade.secureae.com/ (NXT asset exchange). The second powerful feature is an advanced market-making logic for markets on all four exchanges.

Does it work?

The bot currently trades with a balance of ~180,000 NXT. It is programmed to convert all revenue to NXT. The FunBotV1 trading started with 125,000 NXT and was able to gain about 40% in the past 6 weeks. This number isn't representative because of some of James' assets going up unusually fast (  :P ).

Why do you need funding, if you were able to gain 40% in 6 weeks?

If I knew that I can gain 40% every 6 weeks, I wouldn't even bother with raising funds. The reality is that it will not be able to achive such a ROI, but it will be able to gain approximately about 10% each month up to a certain cap. Once that cap is reached, my bot will not be able to profitably use those funds with the current market situation.
So because I am well below that cap, it is much more profitable for me to raise capital and use those NXT to gain ROI, instead of bootstrapping my way to a higher balance.

What markets does FunBotV1 trade?

The most profitable markets to arbitrage were those with a huge distortion once big orders are placed. The best example for that is/was mgwBTC with huge walls put up while the other markets moved freely. My bot wasn't even able to capture much of that arbitrage opportunity because my funds were so limited in contrast to the huge orders (up to 40 BTC!).

Another profitable income stream was marketmaking markets with huge spreads. Especially the NXT Asset Exchange hosts many of those markets.

Who are you, I have never seen you around?!?

I am visiting this forum and BTT regularly, but I am not able to disclose my identity. Don't try to get me disclose it, because I won't for obvious reasons. See this as a limitation in this investment. I will build by trust, jump in later once you feel comfortable.

How do assetholders participate on the FunBotV1 revenue?

All FunBotV1 profits will be split
70% FunBotV1 asset holders 
30% FunBotReve asset holders 


How much ROI can I expect on my Investment in FunBotV1?

My internal goal is/was to get around 10% per month. This sounds high, but my bot covers three big exchanges with hundreds of markets and even more opportunities every day.

Do you re-invest or pay dividends?

This question could be answered via a vote using valamgs voting system. But in the beginning this asset will distribute all its profits via dividends.

How much will each asset cost?

FunBotV1 will be offered at 1 NXT / FunBotV1. The dividend will always pay out all profits, so assets will always be avaliable at 1 NXT to buy on ex-dividend day.

How much % of the profits will 1 share get?

The formula for dividend payments is:

[YourShares/TotalSharesNotInIssuerAccount]*TotalDividend=YourDividend

Do you rebuy assets?

I can put up a buywall at 95% NAV with 1% of the funds, if that is wished.


« Last Edit: October 22, 2014, 07:11:05 pm by FunBot »
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cobaltskky

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Re: [ANN] FunBotV1: The NXTAE/BTER/POLONIEX arbitrage robot
« Reply #1 on: September 29, 2014, 03:16:19 am »

Congrats on your first asset!  Looking forward to see how it performs for the community. :)
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RAlex

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Re: [ANN] FunBotV1: The NXTAE/BTER/POLONIEX arbitrage robot
« Reply #2 on: September 29, 2014, 03:40:22 am »

May I ask for the NXT account your bot is trading with for the last 6 weeks?
Thank you.
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whatnxt

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Re: [ANN] FunBotV1: The NXTAE/BTER/POLONIEX arbitrage robot
« Reply #3 on: September 29, 2014, 07:18:40 am »

May I ask for the NXT account your bot is trading with for the last 6 weeks?
Thank you.

I second that request. If you cannot disclose it, for some reason, I suggest you postpone the launch until you can.

On the identity issue:
Which forums have you been active in?
Do you represent a team or one individual?
Its best to establish your identity as best you can as early on as you can.
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NXT-UAPC-3T43-FFT6-HW5BZ

whatnxt

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Re: [ANN] FunBotV1: The NXTAE/BTER/POLONIEX arbitrage robot
« Reply #4 on: September 29, 2014, 07:45:27 am »

Why do you need funding, if you were able to gain 40% in 6 weeks?

If I knew that I can gain 40% every 6 weeks, I wouldn't even bother with raising funds. The reality is that it will not be able to achive such a ROI, but it will be able to gain approximately about 10% each month up to a certain cap. Once that cap is reached, my bot will not be able to profitably use those funds with the current market situation.
So because I am well below that cap, it is much more profitable for me to raise capital and use those NXT to gain ROI, instead of bootstrapping my way to a higher balance.

What is the cap, approximately?

Do you rebuy assets?

I can put up a buywall at 95% NAV with 1% of the funds, if that is wished.
Given the identity situation, perhaps it would be better to put that under the control of a trusted third party.
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NXT-UAPC-3T43-FFT6-HW5BZ

cobaltskky

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Re: [ANN] FunBotV1: The NXTAE/BTER/POLONIEX arbitrage robot
« Reply #5 on: September 29, 2014, 12:23:43 pm »

Am I allowed to refer to you as Mr FunBot? :]
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FunBot

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Re: [ANN] FunBotV1: The NXTAE/BTER/POLONIEX arbitrage robot
« Reply #6 on: September 29, 2014, 06:23:46 pm »

Congrats on your first asset!  Looking forward to see how it performs for the community. :)

Hey cobaltskky,

Thank you for the warm welcome! I will try to improve my bot weekly to keep the results as positive as possible.

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FunBot

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Re: [ANN] FunBotV1: The NXTAE/BTER/POLONIEX arbitrage robot
« Reply #7 on: September 29, 2014, 06:27:21 pm »

May I ask for the NXT account your bot is trading with for the last 6 weeks?
Thank you.

I second that request. If you cannot disclose it, for some reason, I suggest you postpone the launch until you can.

On the identity issue:
Which forums have you been active in?
Do you represent a team or one individual?
Its best to establish your identity as best you can as early on as you can.

As I told Jefdiesel: I would prefer to reveal as little information as possible regarding my identity as well as trading strategy and prefered markets.
Especially the second point is really important, as the technology I am using isn't hard to create, the strategy and markets selection on the other hand are.

I can disclose that I am a lone wolf and I'd like to keep it that way.
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FunBot

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Re: [ANN] FunBotV1: The NXTAE/BTER/POLONIEX arbitrage robot
« Reply #8 on: September 29, 2014, 06:33:57 pm »

Why do you need funding, if you were able to gain 40% in 6 weeks?

If I knew that I can gain 40% every 6 weeks, I wouldn't even bother with raising funds. The reality is that it will not be able to achive such a ROI, but it will be able to gain approximately about 10% each month up to a certain cap. Once that cap is reached, my bot will not be able to profitably use those funds with the current market situation.
So because I am well below that cap, it is much more profitable for me to raise capital and use those NXT to gain ROI, instead of bootstrapping my way to a higher balance.

What is the cap, approximately?

Do you rebuy assets?

I can put up a buywall at 95% NAV with 1% of the funds, if that is wished.
Given the identity situation, perhaps it would be better to put that under the control of a trusted third party.


There is no real number I can give, as further liquidity isn't completely useless. Every few days situations come up, that require major one way arbitrage. That means that my funds are exchanged and need to be transfered to be used again on another platform. This not only requires a bigger amount of funds, but also can take some time until it arives (mgwBTC e.g.).

Cap guestimates:
4 M - Up to this point I will be most likely keep the profitability at the same niveau.
up to 8 M - These funds I can use as backup liquidity but they are not needed for day2day liquidity.
over 8 M - Only in rare situations (less than once a week) will I be able to use those funds.
(those figures are subject to change once the environment of NXT related markets change drastically)

I am perfectly fine with using a trusted third party to hold the funds for the buywall and exess funds (everything over 8 M).
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FunBot

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Re: [ANN] FunBotV1: The NXTAE/BTER/POLONIEX arbitrage robot
« Reply #9 on: September 29, 2014, 06:40:28 pm »

Am I allowed to refer to you as Mr FunBot? :]

Sure.

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FunBot

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Re: [ANN] FunBotV1: The NXTAE/BTER/POLONIEX arbitrage robot
« Reply #10 on: September 29, 2014, 06:47:54 pm »

Update 1:

09.29: 218825 NXT raised

Apparently jl777 (james) gave my asset a shot and invested 200,000 NXT.

Starting from today, I will migrate the 218,000 NXT into the bot and it will start gathering profits for the assetholders. Furthermore I will send 180,000 FunBotV1 assets into the FunBotReve account, those will be the representation of my 180,000 invested NXT.

Please don't panic, I will start to distribute the raised NXT into exchange accounts to increase liquidity.
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TwinWinNerD

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Re: [ANN] FunBotV1: The NXTAE/BTER/POLONIEX arbitrage robot
« Reply #11 on: September 29, 2014, 07:04:20 pm »

I only bought 12000 FunBotV1 to test it.

If you reveal your identity to a trusted third party (or me haha) I would significantly increase my stake.

m30188

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Re: [ANN] FunBotV1: The NXTAE/BTER/POLONIEX arbitrage robot
« Reply #12 on: September 29, 2014, 07:05:42 pm »

I can disclose that I am a lone wolf and I'd like to keep it that way.
As long as you're not Lee, then I'm in.
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cobaltskky

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Re: [ANN] FunBotV1: The NXTAE/BTER/POLONIEX arbitrage robot
« Reply #13 on: September 29, 2014, 08:02:59 pm »

The hat does wonders for your look! Lol
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cobaltskky

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Re: [ANN] FunBotV1: The NXTAE/BTER/POLONIEX arbitrage robot
« Reply #14 on: September 29, 2014, 08:04:09 pm »

Holy crap, another jl777 pump? Lol BUYBUYBUY

actually, you got the TX where he bought those just to verify that he's investing?
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Sebastien256

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Re: [ANN] FunBotV1: The NXTAE/BTER/POLONIEX arbitrage robot
« Reply #15 on: September 29, 2014, 08:11:07 pm »

Why have you issue so many shares?
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FunBot

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Re: [ANN] FunBotV1: The NXTAE/BTER/POLONIEX arbitrage robot
« Reply #16 on: September 29, 2014, 08:15:47 pm »

jl777hodl: http://www.nxtreporting.com/?tr=8704628514097741346 (100,000 shares)
jl777b: http://www.nxtreporting.com/?tr=262413742932717227 (50,000 shares)
The other 50,000 buy I can't really contribute to james, and that account has the alias: "Koracoin". So prolly not him.

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FunBot

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Re: [ANN] FunBotV1: The NXTAE/BTER/POLONIEX arbitrage robot
« Reply #17 on: September 29, 2014, 08:16:54 pm »

Why have you issue so many shares?

Maybe I am missing something, but why does it matter how many shares there are in the issuer account?

The formula for dividend payment doesn't take into account shares that are sitting in the issuer account.
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Sebastien256

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Re: [ANN] FunBotV1: The NXTAE/BTER/POLONIEX arbitrage robot
« Reply #18 on: September 29, 2014, 08:24:40 pm »

Why have you issue so many shares?

Maybe I am missing something, but why does it matter how many shares there are in the issuer account?

The formula for dividend payment doesn't take into account shares that are sitting in the issuer account.

Well a runaway when share worth a lot could be a possibility. Normally you should make a valuation of your businees and issue share together with a price that  would correspond to the total asset valuation. You then keep a certain amount of share for you. If assetV1 became deprecated you can then make annother asset V2 and offer a swap deal to your share holder. Imo, that would be the correct way to proceed.

Im not really tempt to invest in such a situation even thought I'm interest in your business.

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jefdiesel

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Re: [ANN] FunBotV1: The NXTAE/BTER/POLONIEX arbitrage robot
« Reply #19 on: September 29, 2014, 08:30:05 pm »

Shares issued do not matter in this asset. Funbot has issued this many with a goal to fund his trading activities. This asset should not rise in price as there is no cap. Instead it should pay out dividends and remain at 1nxt valuation.
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