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[ANN] NxtAT Asset - Help expedite the AT project and get a share of the profits singapore
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Author Topic: [ANN] NxtAT Asset - Help expedite the AT project and get a share of the profits  (Read 14045 times)

CIYAM

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NxtAT

Asset Id: 16365311175761675972
Account: NXT-RZ9H-H2XD-WTR3-B4WN2 (10399799417421692143)

http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=75&aea=16365311175761675972

This Asset was created by vbecas with a total of 1B units. 20% of this has been transferred to btc2nxt, 10% has been transferred to CIYAM and 20% will be expected to be retained by vbecas so that between the 3 of us we will retain 50% of this Asset (allowing us as a united group to retain control when future issues might be put to a vote).

What is this Asset for?

As the title mentions it is really for two purposes. The first is to expedite the completion of the Nxt AT project. Progress has been steady but slow as you can see here: http://ciyam.org/open/?cmd=view&data=20140220164742097000&ident=M100V137&chksum=065ecf7d so by raising capital vbecas and btc2nxt will be able to work closer to "full time" to complete it.

The second (and perhaps more interesting) purpose is that it represents a "partnership" between the 3 of us that will provide for AT "consulting" when AT has been completed. A percentage of the consulting fee (100% where tasks can be fully automated) will be retained for distribution to unit holders of the NxtAT Asset.

So if you'd like to help to get Nxt AT up and running and potentially enjoy a portion of the profits as this very interesting new technology comes into more widespread usage then you might be interested in purchasing some Asset units.

Please note that there can be no *guarantees* offered about future dividends although we will be trying very hard to make this a success for all investors.

Note that the offer has been divided up into 0.01 NXT (already gone), 0.02 NXT, 0.03 NXT and 0.04 NXT batches each of 100M units (around 100M were reserved for others that had offered to invest prior to this announcement) so that earlier investors will be able to buy cheaper.
« Last Edit: May 23, 2014, 03:29:59 am by CIYAM »
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gaman

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What are example of consulting work and what are example of 100% fully automated task. Also what are the typical charges of such consultation work
« Last Edit: May 23, 2014, 04:52:43 am by gaman »
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CIYAM

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What are example of consulting work and what are example of 100% fully automated task. Also what are the typical charges of such consultation work

The basic consulting work is going to be *building custom AT* programs - you might think that "any programmer" can do that but until we have a high level language and a lot of thorough documentation then this is simply not going to be the case. Only people who understand the AT machine code and how AT works are going to be able to do this work and currently that is the three partners involved in NxtAT.

Where we can create some special "tools" for automatically generating ATs from "templates" then for a small charge we would provide ATs for those interested to say "have their own savings AT" (with the small charge then going into the pool for dividends - this is a typical 100% situation).

Typical consulting charges for creating entirely new ATs would be in the hundreds of USD per hour.
« Last Edit: May 23, 2014, 05:21:35 am by CIYAM »
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CIYAM

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I think one of the first ATs we will be looking to construct (after the 3 use cases) is going to be a "pay dividend" to unit holders one.

:)
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bitcoinpaul

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You are doing a phenomenal job. AT too the moon.
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gaman

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What are example of consulting work and what are example of 100% fully automated task. Also what are the typical charges of such consultation work

The basic consulting work is going to be *building custom AT* programs - you might think that "any programmer" can do that but until we have a high level language and a lot of thorough documentation then this is simply not going to be the case. Only people who understand the AT machine code and how AT works are going to be able to do this work and currently that is the three partners involved in NxtAT.

Where we can create some special "tools" for automatically generating ATs from "templates" then for a small charge we would provide ATs for those interested to say "have their own savings AT" (with the small charge then going into the pool for dividends - this is a typical 100% situation).

Typical consulting charges for creating entirely new ATs would be in the hundreds of USD per hour.


Hmmm.  So as I understand, for example, there are current AEs (example: forgecoin) right now that need to pay dividends out.  They can just use this 100% fully automated template for a charge.  Am I correct in saying that?

For the 100% fully automated task, aside from the revenue model you suggested, may i suggest a revenue model more like pay per every use (depending on the task).  This will create a recurring fee every time the user uses it... rather than just paying one time with a bigger charge.

For the consultation work, may i also suggest a revenue model too of getting a cut of the ipo asset that is to be AT and given out to shareholders. 

Of course the revenue model i suggested co-exists with the model you are describing.  I guess it would depend on what you feel is the better deal.
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gaman

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I think one of the first ATs we will be looking to construct (after the 3 use cases) is going to be a "pay dividend" to unit holders one.

:)

Will the shareholders get a cut on the AT of the revenue generated in the 3 use cases ... (i.e. crowdfunding, lottery, dormant funds transfer)?
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CIYAM

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Hmmm.  So as I understand, for example, there are current AEs (example: forgecoin) right now that need to pay dividends out.  They can just use this 100% fully automated template for a charge.  Am I correct in saying that?

For the 100% fully automated task, aside from the revenue model you suggested, may i suggest a revenue model more like pay per every use (depending on the task).  This will create a recurring fee every time the user uses it... rather than just paying one time with a bigger charge.

Indeed the "dividend AT" is clearly going to be popular (as I think the "savings AT" will be). I guess we can always design ATs to be "one off usage" (so the dividend AT would only be able to pay out dividends in a single pass).

For the consultation work, may i also suggest a revenue model too of getting a cut of the ipo asset that is to be AT and given out to shareholders. 

Of course the revenue model i suggested co-exists with the model you are describing.  I guess it would depend on what you feel is the better deal.

Of course that makes sense as well and especially if we are able to attract "outside" consultants.
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CIYAM

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Will the shareholders get a cut on the AT of the revenue generated in the 3 use cases ... (i.e. crowdfunding, lottery, dormant funds transfer)?

These 3 use cases are ones that we will be able to create software to automatically construct the ATs for people wanting their own so *yes* (in terms of them being good examples of the 100% revenue going towards dividends type).
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allwelder

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AT on AE. ;D
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gaman

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Will the shareholders get a cut on the AT of the revenue generated in the 3 use cases ... (i.e. crowdfunding, lottery, dormant funds transfer)?

These 3 use cases are ones that we will be able to create software to automatically construct the ATs for people wanting their own so *yes* (in terms of them being good examples of the 100% revenue going towards dividends type).

Thanks very much!
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abctc

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NxtAT
Asset Id: 16365311175761675972
Account: NXT-RZ9H-H2XD-WTR3-B4WN2 (10399799417421692143)
- interested!

Will buy some shares in order to support Nxt AT project.

- some shares have been bought.
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gaman

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bought shares too!
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CIYAM

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The support is very much appreciated guys!
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btc2nxt

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arafel71

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NxtAT

Asset Id: 16365311175761675972
Account: NXT-RZ9H-H2XD-WTR3-B4WN2 (10399799417421692143)

http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=75&aea=16365311175761675972

This Asset was created by vbecas with a total of 1B units. 20% of this has been transferred to btc2nxt, 10% has been transferred to CIYAM and 20% will be expected to be retained by vbecas so that between the 3 of us we will retain 50% of this Asset (allowing us as a united group to retain control when future issues might be put to a vote).

What is this Asset for?

As the title mentions it is really for two purposes. The first is to expedite the completion of the Nxt AT project. Progress has been steady but slow as you can see here: http://ciyam.org/open/?cmd=view&data=20140220164742097000&ident=M100V137&chksum=065ecf7d so by raising capital vbecas and btc2nxt will be able to work closer to "full time" to complete it.

The second (and perhaps more interesting) purpose is that it represents a "partnership" between the 3 of us that will provide for AT "consulting" when AT has been completed. A percentage of the consulting fee (100% where tasks can be fully automated) will be retained for distribution to unit holders of the NxtAT Asset.

So if you'd like to help to get Nxt AT up and running and potentially enjoy a portion of the profits as this very interesting new technology comes into more widespread usage then you might be interested in purchasing some Asset units.

Please note that there can be no *guarantees* offered about future dividends although we will be trying very hard to make this a success for all investors.

Note that the offer has been divided up into 0.01 NXT (already gone), 0.02 NXT, 0.03 NXT and 0.04 NXT batches each of 100M units (around 100M were reserved for others that had offered to invest prior to this announcement) so that earlier investors will be able to buy cheaper.

bought share, wish you great success
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CIYAM

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bought share, wish you great success

Thanks - I think we are actually blazing a trail for how new core features can be added to the Nxt platform.
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gs02xzz

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The basic consulting work is going to be *building custom AT* programs - you might think that "any programmer" can do that but until we have a high level language and a lot of thorough documentation then this is simply not going to be the case. Only people who understand the AT machine code and how AT works are going to be able to do this work and currently that is the three partners involved in NxtAT.

Where we can create some special "tools" for automatically generating ATs from "templates" then for a small charge we would provide ATs for those interested to say "have their own savings AT" (with the small charge then going into the pool for dividends - this is a typical 100% situation).

Typical consulting charges for creating entirely new ATs would be in the hundreds of USD per hour.

@CIYAM-
Talking about the delivery of high level AT language, will you still plan to deliver the "*templates* (in machine code) that can have a GUI to "inject the addresses" and other parameters (making it *trivial* for anyone to create their own AT)." as you mentioned on the high-level language? - https://nxtforum.org/automated-transactions/high-level-language/

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CIYAM

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Talking about the delivery of high level AT language, will you still plan to deliver the "*templates* (in machine code) that can have a GUI to "inject the addresses" and other parameters (making it *trivial* for anyone to create their own AT)." As you mentioned on the high-level language? - https://nxtforum.org/automated-transactions/high-level-language/

Of course now that we are turning this into something more like a *business* we are more likely to use said tools *internally* (at least at first).

I guess it will depend upon how things pan out as to when such things are released to all but now we need to carefully consider the Asset holders (we will probably eventually put such things to a unit holder *vote*).
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gs02xzz

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Talking about the delivery of high level AT language, will you still plan to deliver the "*templates* (in machine code) that can have a GUI to "inject the addresses" and other parameters (making it *trivial* for anyone to create their own AT)." As you mentioned on the high-level language? - https://nxtforum.org/automated-transactions/high-level-language/
Of course now that we are turning this into something more like a *business* we are more likely to use said tools *internally* (at least at first).
I guess it will depend upon how things pan out as to when such things are released to all but now we need to carefully consider the Asset holders (we will probably eventually put such things to a unit holder *vote*).

That is good. I was thinking that someone might have already planed to use your templates and if they want and are capable, they should have the chances to build their own AT applications.
« Last Edit: May 23, 2014, 11:51:02 am by gs02xzz »
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