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Author Topic: [ANN] BlitzMM Asset | Divs Paid 3/31, 2/29, 1/31  (Read 3902 times)

xrobesx

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BlitzMM

Blitz is releasing an asset called BlitzMM. Asset ID-8057299913800870096 on the NXT Asset Exchange. The NXT that is raised through
selling the asset will be converted to BTC and Blitz and used for market making trading on the blitz market. There is profit to be made
here if there is good volume, as we tend to have a high spread. We are planning on adding TVE asset in the future and trading that as
well. Since Blitz has low volume we will look into adding additional coins to the mix to increase profits. When Blitz is added to
another exchange in the future, arbitrage will also be included. BlitzMM will generate revenue from outside of the NXT ecosystem then
market buy NXT to be paid as dividends to BlitzMM holders on the last day of the month.

In the future we will expand into other types of trading as well. This includes BTC/USD trading with arbitrage bots across all the
major exchanges. As well as arbitrage bots for major altcoins across crypto markets. Adding forex trading is also desired. We will sell
additional assets in the future to give us increased capital for all of this. 


The asset breakdown is as follows:

1 million BlitzMM assets issued.


10% (100,000) assets will be put up for sale on the Asset Exchange for 4 NXT an asset.


20% (200,000) assets will be held for Blitz Rewards.
(Dividends will not be paid to the 200k assets until all assets are on the market. Only 20% of profit will go to Blitz Rewards until
then.)


10% (100,000) assets will be held to be used as payment for the traders. This is an incentive to make the asset successful.
-These assets will be held in the Issuer Account until released. That will be everytime more are sold to maintain ~10% of the market.
(Assets in the Issuer account will not recieve dividends)



60% (600,000) assets will be held in the Issuer account.
-These assets will be sold on the Asset Exchange as needed, at market rate, when the following conditions are met:

   1. First month dividends are successfully paid.
   2. More capital is needed for trading to increase profits.
   3. There is demand by the community for more assets.

(Assets held in Issuer account will not recieve monthly dividends.)


*Killakem is in control of the Issuer account. He has an established reputation in the community as the lead of Blitz, TVE, and Fibre.*


Dividend Overview

From the start, dividends will be paid to:

   80% to 110k assets on the market (100k sold, 10k to traders)
   20% to Blitz Rewards
   

The first dividends will be paid on January 31st.

1/31 - 6160 NXT paid to assetholders
2/29 - 32900 NXT paid to assetholders
3/31 - 48800 NXT paid to assetholders
« Last Edit: April 01, 2016, 05:04:54 am by xrobesx »
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Blitzcoin, The Viral Exchange, BlitzMM

killakem

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Re: BlitzMM Asset [For sale now]
December 14, 2015, 10:12:56 pm

I can confirm I will hold all of the unsold assets.

alpho2k

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Re: BlitzMM Asset [For sale now]
December 14, 2015, 10:22:31 pm

good idea!! good luck with this asset :)
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xrobesx

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Re: BlitzMM Asset [For sale now]
January 31, 2016, 08:39:37 am

BlitzMM dividends have been paid for January.

We started with ~.4 btc and finished with ~.6 btc. This gave us 8800 nxt. 20% was removed for Blitz rewards and 10% for the traders. The remaining was sent out to assetholders.

Total issued assets: 1000000
Assets to be distributed to: 7389
Dividend per asset: 0.8336716741101637
Summary of proposed distribution of 6160 NXT to 5 assetholders
Based on ownership at timestamp: 68934651 (1/31/2016 3:30:50)
Prunable message included: BlitzMM Dividend
----------------------
Assets         Account                     Dividend
5522            NXT-S9X8-6U6T-NJ96-H8KHH      4603.53498443
1000            NXT-4V5P-MMRW-LDWD-AS9HP      833.67167411
760            NXT-H2BJ-TY5G-6PZM-92KP8      633.59047232
100            NXT-FU7M-HB2P-2UMX-3GCYY      83.36716741
7            NXT-UX4H-P68P-R9SS-8338W      5.83570171


4603.53498443, NXT-S9X8-6U6T-NJ96-H8KHH, 10598908099515901123
833.67167411, NXT-4V5P-MMRW-LDWD-AS9HP, 11969771823094235952
633.59047232, NXT-H2BJ-TY5G-6PZM-92KP8, 3217184411794009244
83.3671674, NXT-FU7M-HB2P-2UMX-3GCYY, 10562349775948937572
5.83570171, NXT-UX4H-P68P-R9SS-8338W, 10996386417466304185
------------All transactions processed------------


We had a pretty good month, but had opportunities where we didn't have enough btc to capitalize on trades. Please consider buying some more assets!

Thanks to all of our current investors.
 
« Last Edit: January 31, 2016, 08:52:47 am by xrobesx »
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alpho2k

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Wow, 50% gain is a lot! Imagine you had more capital ;)
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peddycb

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can prove it

is not a scam     ???
I trade with BTC 20x and LTC 10x LEVERAGE on   
              https://t.co/u5l6fKyf6y

xrobesx

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can prove it

is not a scam     ???

We are not a scam. Blitzcoin has been around for over a year and we have a good reputation with The Viral Exchange as well.

We are working on providing a public balance sheet.
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Blitzcoin, The Viral Exchange, BlitzMM

xrobesx

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Thanks to all of our new asset holders.

We've more than doubled our funds for trading.
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KarlKarlsson

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Totally missed this. Will add it to NXTinfo.org and our dividend spreadsheet on the next occasion.
NXTinfo.org - Your toolbox to become an Asset Expert! | Twitter | Facebook | ZapChain

xrobesx

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Totally missed this. Will add it to NXTinfo.org and our dividend spreadsheet on the next occasion.

Cool thank you karlkarlsson
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KarlKarlsson

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Totally missed this. Will add it to NXTinfo.org and our dividend spreadsheet on the next occasion.

Cool thank you karlkarlsson
Added as promised  :)
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whatnxt

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So you are running BlitzMM and TVE; anything else?
How are you transferring NXT to BTC?

NXT-UAPC-3T43-FFT6-HW5BZ

xrobesx

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So you are running BlitzMM and TVE; anything else?
How are you transferring NXT to BTC?

The Bitalize team runs Blitzcoin, TVE, and BlitzMM. More projects will come.

The NXT is traded to BTC across a few exchanges.
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xrobesx

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Re: [ANN] BlitzMM Asset | Divs Paid 1/31
February 25, 2016, 03:55:37 pm

Our 100k sell wall has been sold out!

Thanks to all of our investors.

We will wait a few weeks, maybe a month and determain if we need more capital yet and how to best use it before releasing more assets.

In the meantime we have a dividend coming in a few days  :)
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xrobesx

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Re: [ANN] BlitzMM Asset | Divs Paid 1/31
February 29, 2016, 10:32:29 pm

BlitzMM Dividend has been paid:

.80 BTC total
.56 to Assetholders
.16 to BlitzRewards
.08 to Trader

BlitzMM (8057299913800870096)
Total issued assets: 1000000
Assets to be distributed to: 100000
Dividend per asset: 0.329
Summary of proposed distribution of 32900 NXT to 18 assetholders
Based on ownership at timestamp: 71490608 (2/29/2016 17:30:07)
Prunable message included: BlitzMM Dividend
----------------------
Assets         Account                     Dividend
30285            NXT-S9X8-6U6T-NJ96-H8KHH      9963.765
25000            NXT-5746-PL2E-AZTT-22X68      8225
13204            NXT-AHDJ-V9MW-3BJK-ERLAM      4344.116
11372            NXT-H2BJ-TY5G-6PZM-92KP8      3741.388
8214            NXT-ZZ4W-YB6N-2TPJ-7EUY9      2702.406
4000            NXT-D9D3-9Q2F-QBYM-4C6TQ      1316
2500            NXT-DHFS-JPHW-EZDZ-8K9DH      822.5
1500            NXT-FK67-REMG-KMC4-53CLT      493.5
1000            NXT-57P8-S59X-CQDB-H2YY7      329
1000            NXT-RZ67-3K22-HAAK-8JK3J      329
500            NXT-HQJ2-RXRV-W2L3-AGZXH      164.5
300            NXT-RWYB-WHGZ-QM9R-3KE9R      98.7
268            NXT-ZH89-LCNC-S3DR-3NLN2      88.172
250            NXT-XRTD-RMZT-B3ZF-CEZRW      82.25
250            NXT-5WW2-XQ63-CFGM-G7YAJ      82.25
200            NXT-QDCF-CD9V-CQ72-5N84Z      65.8
150            NXT-FU7M-HB2P-2UMX-3GCYY      49.35
7            NXT-UX4H-P68P-R9SS-8338W      2.303

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bradmann

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March is the first Month that they have had a whole month to invest mm funds.
My guess is that the dividend paid this mo. will be a true indication of trading skills.
remember "past results are a true indicator of future performance" .

xrobesx

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March is the first Month that they have had a whole month to invest mm funds.
My guess is that the dividend paid this mo. will be a true indication of trading skills.
remember "past results are a true indicator of future performance" .

thanks for the support bradmann!
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xrobesx

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BlitzMM dividends have been paid for March!

1.4 BTC total
.98 to assetholders
.28 to BlitzRewards
.14 to trader

BlitzMM (8057299913800870096)
Total issued assets: 1000000
Assets to be distributed to: 100000
Dividend per asset: 0.488
Summary of proposed distribution of 48800 Txt to 20 assetholders
Based on ownership at timestamp: 74191899 (4/1/2016 0:51:38)
Prunable message included: BlitzMM Dividend. Please join Bitalize slack for a free giveaway of Blitz to BlitzMM holders. Join #blitzmm channel. https://macht.typeform.com/to/UMc3Oz


As posted in the message with the dividend, we are holding a giveaway for BlitzMM asset holders. Join the Bitalize slack and stop by the #blitzmm channel. Once joined, send a message from your nxt account with your slack username, to the BlitzMM issuer account. You will be get 50 blitz for free!
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peddycb

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hi....

on which exchanges they trade ?

there is now every month dividends ?

what their next steps for BlitzMM ?


I trade with BTC 20x and LTC 10x LEVERAGE on   
              https://t.co/u5l6fKyf6y

xrobesx

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I"m sad to announce that BlitzMM will no longer be running, as I've decided to leave the Bitalize team.

I have just paid a dividend for the month of April even though it has just begun. The breakdown is as follows:

1.85 BTC total
   1.3 BTC to Assetholders
   .37 BTC to Blitz Rewards
   .18 BTC to trader.

BlitzMM (8057299913800870096)
Total issued assets: 1000000
Assets to be distributed to: 100000
Dividend per asset: 0.71181
Summary of proposed distribution of 71181 NXT to 21 assetholders
Based on ownership at timestamp: 74962959 (4/9/2016 23:02:38)
Prunable message included: BlitzMM Dividend for April. This will be the end of BlitzMM. A buy wall will be placed at 4 NXT. You can dump your assets into it. Thanks for the support.


This will be the last dividend you recieve from BlitzMM.

The remainder of the trading funds were converted to NXT and used to put up a 100k buy wall at 4 Nxt. This allows every investor to dump their assets for exactly what they paid.

I thank you for your support along the way. I hope you enjoyed the dividends.

xrobesx

Bitalize Team Member

Blitzcoin, The Viral Exchange, BlitzMM
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