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Nxt Discussion => Nxt Asset Exchange => Assets Board => Topic started by: Cassius on May 18, 2015, 02:42:07 pm

Title: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on May 18, 2015, 02:42:07 pm
The BTCD asset MMBTCD (8122396658538927693) has sold out in a little under three days. 1,000,000 NXT were raised from the sale of 200,000 assets at 5 NXT each. Thank you to all investors. You can read the original asset description here (https://nxtforum.org/cryptoasset-fund-projects/btcd-market-maker-asset/). 600,000 remaining assets have been sent to NXTinspect for escrow (tx 6380943481629195485). These may be used to raise further funds, as necessary, but only if the price reaches 10 NXT. None of the 200,000 assets retained by the issuers - Coinomat, Azeh, Cassius - will be sold below 10 NXT either.

Trading account: http://nxtreporting.com/?a=NXT-MXYZ-URGH-HTF5-HE9AU&c=EUR
Portfolio/cash account: http://nxtreporting.com/?a=NXT-PNVQ-B5RN-QHHR-3BC7U&c=EUR

Asset update: mutual fund strategy
The aim of the asset is to reward BTCD holders and stakers by bringing liquidity to what is a very thin market. Payouts will be in mgwBTCD / superBTCD, weekly on Wednesdays, starting 27 May, putting gentle upward pressure on the market.

Asset holders will be aware that BTCD has low volumes and the price has suffered in recent months, for reasons explored here (https://nxtforum.org/cryptoasset-fund-projects/btcd-market-maker-asset/). Unlike NXT arbitrage and market-making assets, there is very little volume to work with, limiting profits and the potential for dividends/growth/BTCD price increase. It is therefore MMBTCD's intention to inject liquidity into the market as well as work with what there is, hopefully bringing about a virtuous cycle.

This will be achieved by investing a proportion of the ICO funds in a portfolio of revenue-generating assets. The aim is to create a balanced portfolio, chiefly low-risk and highly reliable assets, with some higher-potential elements such as forex/PAMM. We appreciate that the nature of this asset has evolved and is continuing to evolve with feedback from investors (particular thanks to whale), though its aims remain the same. The purchase of revenue-generating assets as well as bot activity makes it more like a mutual fund than a pure market-maker like MMNXT, which was the initial model. To our knowledge this is the first asset of its kind, similar to a multipool or mining assets in principle (which we do not plan to include), but without the risks inherent in these. We believe this gives the asset a much stronger outlook.

The proposed division of funds is:

Coinomat is converting a proportion of the NXT to BTC to trade on regular exchanges. (He can use his own bots to gain a price 2-3% below market for this.)

For the asset portfolio 100,000 MMNXT has been purchased (txs 3243262207740160278 and 5783558449155573656). This will provide a solid baseline of revenue to convert to BTCD. In the coming days and weeks we will be making strategic purchases of other assets. Investors will appreciate that we cannot discuss these openly before purchase because that is likely to lead to opportunistic traders driving the price up.

We'll aim to keep you updated regularly. Please ask any questions here or on Slack.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: whale on May 19, 2015, 01:22:22 am
It is great to see some established NXT members in the community releasing an asset. I can confirm that NXTinspect is holding the escrow for MMBTCD and will not release the remaining funds until the asset's price reaches (or exceeds) 10 NXT.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on May 20, 2015, 04:09:40 pm
Update. For transparency, we have two separate accounts:

Trading account: http://nxtreporting.com/?a=NXT-MXYZ-URGH-HTF5-HE9AU&c=EUR
Portfolio/cash account: http://nxtreporting.com/?a=NXT-PNVQ-B5RN-QHHR-3BC7U&c=EUR

Some funds are also kept on-exchange for arbitrage and trading.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on May 21, 2015, 08:57:20 am
Update:

As I posted yesterday, coinomat has very generously donated 100,000 coinomat assets to MMBTCD. To clarify, these are personal assets. They were already dividend-paying, and will not dilute existing shareholders' stakes. Coinomat is taking the hit on these because he believes in this project.

The confusion yesterday was around the coinomat1 assets. Somebody raised the question as to whether the donated assets would dilute the assets of existing holders. Whilst the coinomat assets were personal assets, the coinomat1 assets came from the Issuing Account and so that was a legitimate criticism. Thanks for drawing that to our attention: it was an oversight. Coinomat has sent these back to the Issuing Account.

I don't think anyone bought or sold MMBTCD specifically on that information, and no dividends were paid on coinomat1 (they go out on Mondays) but as a goodwill gesture coinomat has sent a further 60k personal coinomat assets to the MMBTCD portfolio account. I will also point some earnings from an existing personal mutual fund asset there for the next month. I'll send these in the form of mgwBTC each Monday.

Overall this should total around 3500 NXT equivalent, or 45 BTCD. This should give MMBTCD a great kickstart while we allocate the remainder of the portfolio and get bot trading up to speed. This is aside from any further revenues from our 100k MMNXT (already purchased), and bot trading (active on Poloniex and AE, with Bittrex to follow), or any other portfolio allocations (to be decided in the coming days/weeks).
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Nippybrit on May 21, 2015, 10:21:22 am
Thanks for the clarification, it's good to be aboard!
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on May 23, 2015, 09:10:20 am
There is a 50,000 buy wall at 5 NXT - 250,000 NXT or 12.5% of issued assets.
If anyone regrets buying in, now is your chance to get out. :)

Should have some more updates in the next day or two.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: TwinWinNerD on May 23, 2015, 11:41:29 am
100k coinomat ---> 0.5 NAV to all MMBTCD assets. that is very generous. 10% donation
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on May 23, 2015, 01:56:38 pm
100k coinomat ---> 0.5 NAV to all MMBTCD assets. that is very generous. 10% donation

Yes, it means our initial payouts will be quite good.
 
Seems there has been some buying today. Mostly one big buyer by the look of it. Not sure why they have chosen now. Hopefully things will not get too far ahead of themselves. Steady, sustainable growth is what we're after.

Incidentally, I take MMNXT as the closest analogue for this asset. MMNXT has been paying out reliably for many months. At 0.6-0.7%, this means the price of 1.0x represents around 150x weekly dividends. That seems to be the multiple that the market has decided for a stable asset from a well-known issuer. On that logic, MMBTCD is valued reasonably for its earnings right at this point in time, plus a little extra for the potential represented by the remainder of its portfolio (400k NXT unallocated) and trading bots.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: prometheus on May 23, 2015, 11:13:37 pm
Looking forward to this asset. Nice work guys, I think this'll be a good one
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on May 25, 2015, 10:05:39 am
2,364 NXT just got paid into our portfolio account from the coinomat assets. At current market rates that represents 31 BTCD.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on May 25, 2015, 03:41:50 pm
I will also point some earnings from an existing personal mutual fund asset there for the next month. I'll send these in the form of mgwBTC each Monday.

http://nxtreporting.com/?tr=14780776373609709512
My MGW deposit address generation is playing up, so I just sent as NXT.

Edit: at current market rates this totals around 4,300 NXT for the week, which comes out as a total dividend of ~59 BTCD.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: JamesList on May 27, 2015, 10:01:33 am
did this asset paid dividend or why many people received mgwbtcd?
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on May 27, 2015, 12:17:01 pm
So a bit of a round-up:

First dividend has been paid. The total NXT value was:
1230 (trading bots)
4000 (mistaken payment: bonus!)
1293.4 (temporary kickstart from separate portfolio while we get things going - see above)
2364.52253 (coinomat assets)
632.11379421 (MMNXT assets)

Which gives us...

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 134.06 [mgwBTCD] assets to 65 assetholders
Based on ownership at timestamp 47424257 (Wed, 27 May 2015 09:24:17 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

A few other pieces of news:

We have acquired 16,000 BTCOR assets. We were intending to pay 100k NXT in all, but only 96k NXT were available at the given price in the end. 4k NXT was sent back, which we mistakenly incorporated in the dividend payment. This will just have to be an unexpected bonus for this week as we won't try to recoup it by reducing future payments. It's not a big deal in terms of the overall portfolio funding, because we were able to secure the BTCOR assets at significantly below market price. This should put us in a strong position for the future and it's another great asset to have in the portfolio. BTCOR is a great company and we have a lot in common with them, so I'm looking forward to working together to benefit both parties. It's also worth saying that house was extremely gracious when we had to back out of the initial arrangement for a tranche of assets at market price, when the lower offer suddenly came up. Big thanks all round.

Another piece of news is that BTCDdev is working on a call that will be incorporated into the BTCD protocol, enabling anyone to create a list of stakers and pay out to them. This is what we will use to pay 10% of MMBTCD dividends to stakers, and what will be used for all the other BTCD revenue streams coming online in the next few months. Hopefully this should be up and running next week, if not before. Meanwhile, assetholders got that 10%, so another little bonus.

Lastly, coinomat has been working on the Bittrex bot, which should be up and running next week. AE volumes are low, Polo ones quite a bit better, and hopefully adding the third bot should make a reasonable difference to dividends.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: prometheus on May 27, 2015, 03:45:08 pm
3.38 BTCD received, thank you!

Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on May 29, 2015, 09:41:51 am
Quick update: BTCDdev has done a great job creating a call that will allow payment to stakers, but it needs a bit more testing. We'll hopefully have this working for next week's dividends.

Bear in mind that next week won't include the 4,000 NXT we paid by mistake this week. But it may include dividends from our shiny new BTCOR assets, if they come through by then (they're monthly). The rest won't change much, except that coinomat's Bittrex bot should be trying out its moves by then. Otherwise, we're researching the best options for the portfolio and will make purchases at the right times.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on June 01, 2015, 08:39:02 am
Received    2364.68543200 NXT    0.11421431 BTC    24.23 EUR    1 NXT    13792481396542437643    01.06.2015 10:28
Received    5307.33892479 NXT    0.25634447 BTC    54.39 EUR    1 NXT    6862225720278939840            01.06.2015 10:04

A couple of very nice dividends just come in from Coinomat and BTCOR. BTCOR is monthly, but it means this week's MMBTCD dividend will be impressive.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on June 03, 2015, 09:10:52 am
MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 135 [superBTCD] assets to 70 assetholders (rounded up)
Based on ownership at timestamp 48028045 (Wed, 03 Jun 2015 09:07:25 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

A good week, thanks to a boost from BTCOR dividends and coinomat’s Polo bots coming online. Bittrex bots should be up and running next week. Although the payment appears similar to last week, it is actually much higher - BTCD has strengthened a lot in the last week compared to NXT.

90% of revenues were paid out to assetholders. The remaining 10% will be distributed to stakers later today. Big thanks to BTCDdev, who has written the calls and Python script to do that.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: whale on June 03, 2015, 10:50:47 am
Another incredible dividend, thank you! MMBTCD is off to a solid start.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on June 05, 2015, 08:21:21 am
We have purchased a further 150,000 MMNXT at 1.1 NXT each = 165,000 NXT. These were coinomat's MMNXT, held on Poloniex. The balance of the MMNXT issue had already been sent to NXTinspect for escrow until the price reaches 2 NXT (i.e. no new MMNXT will be issued until then).

This is a stopgap measure. We have a substantial amount of funds in our portfolio account, and while we do not want to rush into asset purchases, we also did not want this money sitting there doing nothing for assetholders. The best solution seemed to be to buy a tranche of low-risk, reliable assets that provide a solid dividend and are liquid enough to sell if a better option comes up. MMNXT fits that bill well. We will hold onto them either until we need some spare NXT to pick up a different asset, or until the price rises to a point where it makes sense to sell some. Now that supply is capped until the price = 2, there's good reason to believe that will occur, giving us further funds to work with and increasing MMBTCD's NAV.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on June 10, 2015, 09:59:43 am
Another pretty good week, despite there being no BTCOR dividend this week (it goes out monthly). Coinomat’s bots did a pretty good job; volumes on the AE were up a little, and a large spread on Polo (buy at 0.004, sell at 0.005) meant decent profits. The Bittrex bot is coded and in testing, so hopefully we’ll add that in the coming week or so.

Result:
MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 112 [superBTCD] assets to 70 assetholders
Based on ownership at timestamp 48634928 (Wed, 10 Jun 2015 09:42:08 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693)

Very nice, thank you to all. Azeh will send out stakers’ dividends later today. Thanks to Mivond and one or two other donations, they will be much higher than last week.

Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: yassin54 on June 10, 2015, 10:05:46 am
Thank you!  ;D ;D
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: crackers on June 10, 2015, 02:43:38 pm
thanks guys!
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on June 17, 2015, 09:08:11 am
Another pretty good week, and we're not running at full speed yet. Bittrex bots still to be fully implemented. We're also looking at adding further measures to boost weekly revenues and build NAV.

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 97 [superBTCD] assets to 78 assetholders
Based on ownership at timestamp 49236915 (Wed, 17 Jun 2015 08:55:15 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

It's been a crazy week in the alts, with sharp rises for both NXT and BTCD. It will be interesting to see which moves most - BTCD is not yet listed on BTC38 or other Chinese exchanges. That will have an effect on the NXT <> BTCD rate, of course.

Edit: stakers' dividends will be sent out by Azeh later. They will actually be bigger overall than the MMBTCD div, thanks to donations from Mivond (bitcoindarkdice.net) and jl777. The idea is that people who build services on top of BTCD will consider donating 10% to stakers, which will not only strengthen the network but increase the value of the currency by drawing in new holders who want to take advantage of the regular dividends: win/win.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on June 24, 2015, 08:35:44 am
So this week the Bittrex bot is up and running for the first time, along with the Polo bot. Total dividends for holders (minus 10% for stakers) = 10,492 NXT, which is 79.5 BTCD. Despite a bit of a fall in the last few days from its spike over $2, BTCD is still far more expensive than it was a week ago, hence the total looking lower. Also, the bot sold high and bought low, so is now waiting to sell some of its holdings.

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 79.5 [superBTCD] assets to 87 assetholders
Based on ownership at timestamp 49839375 (Wed, 24 Jun 2015 08:16:15 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMNXT dividend

Stakers payments will go out later - thanks Mivond for a nice bonus this week.

Some new developments mean we'll hopefully be able to do some things with MMBTCD that we had been planning, just a little more effectively. It should put the project on a very good long-term footing. More on that when things are clearer.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on July 01, 2015, 10:04:26 am
Dividend day:

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 84 [superBTCD] assets to 92 assetholders
Based on ownership at timestamp 50450367 (Wed, 01 Jul 2015 09:59:27 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

Not bad, given that BTCD strengthened considerably in the last couple of days, and NXT didn't get much of a rise from the BTC increase, unlike many other alts.

Will keep you posted on other developments as they arise - we should know more this week.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: PureVision on July 01, 2015, 10:40:32 am
How much is the dividend per asset?
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on July 01, 2015, 10:44:41 am
How much is the dividend per asset?

I'm not at a computer with a client running right now, but I assume 84/400,000 = 0.00021 superBTCD/asset.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on July 04, 2015, 10:30:24 am
Folks:
You may have seen that coinomat, whale and myself are launching a Nxt fund called E9: https://nxtforum.org/assets-board/e9-multistrategy-nxt-hedge-fund-bots-fx-crypto-trading-and-asset-portfolio/
This will do many of the same things that MMBTCD does - bots, trading and an investment portfolio, only on a larger scale. It's a lot like our long-term plan for MMBTCD, except of course that it pays out in NXT, not superBTCD. One of the critical differences is that a proportion of revenues compounds, meaning that assets under management and therefore revenues grow over time.
We would like to use MMBTCD funds to buy one or two tranches of 25k E9 assets: ~250-500k NXT. This would leave a little left over as cash, but would mean most of MMBTCD's portfolio was allocated. The bots will continue running (there is no immediate conflict of interest, because MMBTCD bots provide liquidity for BTCD, not NXT) and the remainder of the portfolio will stay the same.
I think this would put us in a very good position going forwards. All being well, it would mean getting in on the ground floor of the asset, so hopefully good capital growth and steadily increasing revenues.
Please let us know any thoughts you have about this.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Kitchentable on July 04, 2015, 01:02:00 pm
When I read about E9 the first thing that I thought of was it resemble too much of MMBTCD but without the BTCD. At that moment I wanted to post my concern over the two assets being too similar while also being managed by the same people. I knew you would probably want to have a connection between the two and waited to see.

I'm all for investing portion of the funds into E9. I would go for two trenches.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on July 04, 2015, 01:11:42 pm
When I read about E9 the first thing that I thought of was it resemble too much of MMBTCD but without the BTCD. At that moment I wanted to post my concern over the two assets being too similar while also being managed by the same people. I knew you would probably want to have a connection between the two and waited to see.

I'm all for investing portion of the funds into E9. I would go for two trenches.

I'm hoping for 2 tranches, but because it's not a core Nxt organisation we may or may not get that (it's not wholly up to me).
I agree they're similar, and in fact that's kind of the point and why MMBTCD can buy into E9 - E9 is what MMBTCD would be if it was larger and Nxt focused. I don't see there's a conflict of interests and in fact I think the E9 purchase will be very good for MMBTCD's long-term future.
Please do say what your exact concerns were, though.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Kitchentable on July 04, 2015, 01:34:30 pm
My concern was that E9 sounded exactly like what you wanted MMBTCD to be and so the focus of MMBTCD would change to being nothing more than a few bots and dividend paying assets seeing how the time constraint of running both assets might be too much. Those two could also be competing with each other when the difference is one pays in BTCD and the other pays in NXT so I have to decide on which one is best to hold. As of right now MGW isn't running so I can't send my BTCD coins to my qt wallet and let them stake. NXT in truth has more uses over BTCD. Take all that into consideration and E9 would be the better choice.

With E9 being in MMBTCD even if you don't have time to manage one over the other they will still be connected so all those concerns are a wash.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: prometheus on July 04, 2015, 04:59:45 pm
e9 looks promising. I think it's a good place to allocate spare MMBTCD funds
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: whatnxt on July 04, 2015, 05:28:02 pm
So the plan is to delegate asset management to E9.

E9 and MMBTCD have nearly the same management team the difference is whale and Azeh respectively.

So Casius and Coinomat get paid to manage the assets in E9 and get paid to manage the same assets in MMBTCD.

Some of the MMBTCD assets Cassius and Coinomat hold in MMBTCD no longer fulfil their purpose since they are not rewarding anything that Cassius and Coinomat are doing as it is already done and rewarded in E9.

Does this mean Cassius and Coinomat will be releasing some of the assets they hold in MMBTCD?

That aside I see some conflicts of interest between the two funds developing in the future which may put one or other sets of shareholders at a disadvantage and cause friction with whale and Azeh. This is becasue Cassius and Coinomat may end up controlling a significant amount of the E9 fund.

The fact that Cassius and Coinomat are managing both assets means that there is added risk to MMBTCD since the loss of one or other person for any reason will have a magnified effect on MMBTCD's performance and may cripple it entirely if the stake is too high.

So my view is that, holding E9 it is not a good idea in the long term. In the short term, I agree there is growth potential and due to insider knowledge a lower risk than other investments.
So in the long term I do not think E9 should be the largest asset holding of MMBTCD 4th largest possibly. So regardless of the stake taken in the short term I would look to exchange it for other funds when some of the growth potential has been delivered with the aim of reducing MMBTCD's  dependency on E9 and the long term down side that the dependency can have.


Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on July 04, 2015, 06:45:52 pm
^^^^

Some interesting and potentially valid thoughts. Discuss :) I would like to know what people think about this.

A few points to consider:
1) Assets exist to earn revenues for their investors. This move ensures that is done more effectively. MMBTCD benefits a lot from this not despite the overlap in the team but because of it. MMBTCD investors can, I think, look forward to a bump in returns. Some might say that should be rewarded.
2) Whale happens to be a significant holder of MMBTCD and I've often asked for his advice with it, so the Venn diagram of owners gets even 'worse' from your perspective. Not much in the way on conflicts of interest with management though. Especially since I've discussed this a fair amount with Azeh, who has also signed up for a tranche of E9.
3) MMBTCD will still be managed as much as required, will still run BTCD bots, etc.
4) What I choose to do with my assets from MMBTCD and/or E9 is up to me. I may or may not decide to keep them, but that's my prerogative.
5) If coinomat goes dark MMBTCD holders are somewhat screwed, E9 holders quite screwed, MMNXT holders totally screwed.

It might well make sense to downweight the allocation of E9 in MMBTCD's portfolio. Or it might be a good medium-term investment. Or maybe I should get some guys together, create a 10m MegaFund and buy into it with E9...

But seriously. If anyone else has any thoughts about this please let us know.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: coinomat on July 04, 2015, 08:47:58 pm
So the plan is to delegate asset management to E9.

E9 and MMBTCD have nearly the same management team the difference is whale and Azeh respectively.

So Casius and Coinomat get paid to manage the assets in E9 and get paid to manage the same assets in MMBTCD.

Some of the MMBTCD assets Cassius and Coinomat hold in MMBTCD no longer fulfil their purpose since they are not rewarding anything that Cassius and Coinomat are doing as it is already done and rewarded in E9.

Does this mean Cassius and Coinomat will be releasing some of the assets they hold in MMBTCD?

That aside I see some conflicts of interest between the two funds developing in the future which may put one or other sets of shareholders at a disadvantage and cause friction with whale and Azeh. This is becasue Cassius and Coinomat may end up controlling a significant amount of the E9 fund.

The fact that Cassius and Coinomat are managing both assets means that there is added risk to MMBTCD since the loss of one or other person for any reason will have a magnified effect on MMBTCD's performance and may cripple it entirely if the stake is too high.

So my view is that, holding E9 it is not a good idea in the long term. In the short term, I agree there is growth potential and due to insider knowledge a lower risk than other investments.
So in the long term I do not think E9 should be the largest asset holding of MMBTCD 4th largest possibly. So regardless of the stake taken in the short term I would look to exchange it for other funds when some of the growth potential has been delivered with the aim of reducing MMBTCD's  dependency on E9 and the long term down side that the dependency can have.
I don't quite get it, MMBTCD and E9 are totally different operations.
MMBTCD is focused on BTCD, E9 on NXT
I want to make it clear E9 should not have any effect on MMBTCD operations, if something makes you think that E9 somehow dwarfs MMBTCD it is not so. There's E9, there's MMBTCD, MMBTCD might hold some E9, but that's the only interplay they have
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Nxtblg on July 05, 2015, 01:34:11 pm
Some interesting and potentially valid thoughts. Discuss :) I would like to know what people think about this.

Hasn't hurt the high bid for MMBTCD...if anything, the high bid's gone up.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Azeh on July 06, 2015, 02:27:10 pm
So the plan is to delegate asset management to E9.

E9 and MMBTCD have nearly the same management team the difference is whale and Azeh respectively.

So Casius and Coinomat get paid to manage the assets in E9 and get paid to manage the same assets in MMBTCD.

Some of the MMBTCD assets Cassius and Coinomat hold in MMBTCD no longer fulfil their purpose since they are not rewarding anything that Cassius and Coinomat are doing as it is already done and rewarded in E9.

Does this mean Cassius and Coinomat will be releasing some of the assets they hold in MMBTCD?

That aside I see some conflicts of interest between the two funds developing in the future which may put one or other sets of shareholders at a disadvantage and cause friction with whale and Azeh. This is becasue Cassius and Coinomat may end up controlling a significant amount of the E9 fund.

The fact that Cassius and Coinomat are managing both assets means that there is added risk to MMBTCD since the loss of one or other person for any reason will have a magnified effect on MMBTCD's performance and may cripple it entirely if the stake is too high.

So my view is that, holding E9 it is not a good idea in the long term. In the short term, I agree there is growth potential and due to insider knowledge a lower risk than other investments.
So in the long term I do not think E9 should be the largest asset holding of MMBTCD 4th largest possibly. So regardless of the stake taken in the short term I would look to exchange it for other funds when some of the growth potential has been delivered with the aim of reducing MMBTCD's  dependency on E9 and the long term down side that the dependency can have.

whtnxt, good points for discussion.

MMBTCD will still be managed Me, Cassius, and Coinomat and remains independent of E9.  As Cassius has mentioned before there is an overlap since E9 is just a much bigger version of MMBTCD and acts more like a hedge fund, but this will in no way inhibit the management decisions of MMBTCD.

Choosing where to allocate funds is always the difficult part and in MMBTCD's case it is no different.  However, E9, in my opinion is the best place to park our funds in the short-mid-term and will allow us to increase our revenues fairly quickly.  When to sell those assets will be up for discussion, but the goal is always the same, to maximize returns for MMBTCD holders.

And, remember, the main reason to own MMBTCD is to get paid in BTCD.  I know many in the NXT and SN community are not in full understanding of BTCD and it's importance within SN, and rightfully so because the tech isn't completed yet, but James has stated numerous times that when it is all finished BTCD will be equally as important as NXT within SN.

You'll want to have some BTCD  ;)

Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: whatnxt on July 06, 2015, 06:28:10 pm
Good to here from you Azeh,

MMBTCD will still be managed Me, Cassius, and Coinomat and remains independent of E9.  As Cassius has mentioned before there is an overlap since E9 is just a much bigger version of MMBTCD and acts more like a hedge fund, but this will in no way inhibit the management decisions of MMBTCD.

Choosing where to allocate funds is always the difficult part and in MMBTCD's case it is no different.  However, E9, in my opinion is the best place to park our funds in the short-mid-term and will allow us to increase our revenues fairly quickly.  When to sell those assets will be up for discussion, but the goal is always the same, to maximize returns for MMBTCD holders.

I would prefer you to maximize returns while minimizing the risk  ;)

MMBTCD's ownership of a comparatively large chunk of E9 (from a distribution of shareholder size point of view)  poses a risk to E9. If MMBTCD has to sell it off quickly then E9 will suffer. This is a risk with all 'large' stake holders and something Coinomat has experienced with MMNXT. The make up of the Management team for MMBTCD should not prevent this sell off, if it is in the interests of the MMBTCD shareholders and not E9.

E9 has already gone down the root of attracting large shareholders (for good reasons), however, so you must also consider that there will be  a handful of shareholders that can crash the price of E9 if they have to sell quickly and given the type of shareholder E9 is trying to attract, more than one may be forced to sell at the same time. Such a sell off may be good news for MMBTCD in the long term, however, in the short term, you should expect the price of MMBTCD to share some of the more violent downward moves of E9, if and when they happen.
 
Quote
And, remember, the main reason to own MMBTCD is to get paid in BTCD.  I know many in the NXT and SN community are not in full understanding of BTCD and it's importance within SN, and rightfully so because the tech isn't completed yet, but James has stated numerous times that when it is all finished BTCD will be equally as important as NXT within SN.

You'll want to have some BTCD  ;)

Yes I am well aware of my ignorance of the grand plan which is one reason I bought into MMBTCD.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: whatnxt on July 06, 2015, 06:32:39 pm
Sorry, meant to edit previous message :)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on July 06, 2015, 08:21:15 pm
You're right that large holders do present a possible risk. Unfortunately, this is impossible to avoid. The idea behind the early sale was to lock in a large amount of funds as well as benefit core Nxt businesses; we very much hope that the ones who get the discount will be buy-and-hold investors (like MMBTCD).
If we simply put them on AE, it is likely that a few big buyers would take very large chunks. Given the level of interest shown, they could be fairly confident of selling at a higher price. I hope that won't happen with the remaining 220k assets, but there's no way to prevent it unless we sold everything off exchange, and that seems unfair to smaller buyers.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on July 08, 2015, 11:06:49 am
Dividend day. The strong rise in NXT along with the recent drop in BTCD means it's a good one:

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 132 [superBTCD] assets to 96 assetholders
Based on ownership at timestamp 51058973 (Wed, 08 Jul 2015 11:02:53 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

In other news, E9 will be launching today/tomorrow, and MMBTCD should be picking up 37.5k assets. We hope this will make a good long-term difference to returns, though it will take a while for things to get up to speed.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: yassin54 on July 08, 2015, 11:43:21 am
Nice dividend!  ;)
Thank you!  :)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on July 15, 2015, 11:13:09 am
Dividend day. Nxt has stabilised, BTCD enjoyed a big rise yesterday - so the dividend isn't bad again, but is lower in BTCD terms:

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 82 [superBTCD] assets to 97 assetholders
Based on ownership at timestamp 51652663 (Wed, 15 Jul 2015 07:57:43 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

Coinomat's bots continue to deliver. Thanks as always!
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: JamesList on July 15, 2015, 05:11:47 pm
Dividend day. Nxt has stabilised, BTCD enjoyed a big rise yesterday - so the dividend isn't bad again, but is lower in BTCD terms:

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 82 [superBTCD] assets to 97 assetholders
Based on ownership at timestamp 51652663 (Wed, 15 Jul 2015 07:57:43 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

Coinomat's bots continue to deliver. Thanks as always!

Thanks Cassius, great work!
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on July 22, 2015, 10:12:07 am
Dividend day. Bots did well, picking up around 10,500 NXT this week. Both NXT and BTCD relatively static this week after some big movements recently.

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 99 [superBTCD] assets to 101 assetholders
Based on ownership at timestamp 52265351 (Wed, 22 Jul 2015 10:09:11 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: yassin54 on July 22, 2015, 10:39:06 am
Thanks again!  :)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on July 29, 2015, 09:56:43 am
NXT price has tanked recently, whilst BTCD isn't doing so bad - so not a bad div overall but exchange rates make it look lower than it would be in like-for-like terms:

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 88 [superBTCD] assets to 103 assetholders
Based on ownership at timestamp 52868080 (Wed, 29 Jul 2015 09:34:40 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

Next week should be a good one, since E9 will be paying dividends (fortnightly) and BTCOR should have paid its end-of-month dividend - possibly a little lower this time due to some turbulence in the precious metals markets. Stay tuned.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on August 05, 2015, 10:37:33 am
Dividend day!
We had a boost from EIX, which paid its first dividend (and fortnightly from here). BTCOR dividends were lower this month, but still a small boost.
The main factor is that NXT is low and BTCD relatively high at the moment, which offsets some of the gains. Despite that:

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 104 [superBTCD] assets to 106 assetholders
Based on ownership at timestamp 53476356 (Wed, 05 Aug 2015 10:32:36 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

If anyone's interested, there's a chunk of MMBTCD going cheap on AE.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: KarlKarlsson on August 05, 2015, 12:26:18 pm
Dividend day!
We had a boost from EIX, which paid its first dividend (and fortnightly from here). BTCOR dividends were lower this month, but still a small boost.
The main factor is that NXT is low and BTCD relatively high at the moment, which offsets some of the gains. Despite that:

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 104 [superBTCD] assets to 106 assetholders
Based on ownership at timestamp 53476356 (Wed, 05 Aug 2015 10:32:36 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

If anyone's interested, there's a chunk of MMBTCD going cheap on AE.

Thanks Cassius. Will probably pick some of those cheap assets up  :)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on August 05, 2015, 12:56:57 pm
^^^ Good man. Contact whale if they're not on AE.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on August 12, 2015, 10:47:24 am
Dividend day. NXT has had a pretty bad couple of weeks, but BTCD is also quite low so the dividend is not substantially reduced in BTCD terms.

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 101 [superBTCD] assets to 106 assetholders
Based on ownership at timestamp 54081876 (Wed, 12 Aug 2015 10:44:36 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

Azeh is away this week, so will do double stakers' divs next Wednesday.

I'll be away for the next couple of weeks, so will leave coinomat and Azeh to post.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: yassin54 on August 12, 2015, 10:55:48 am
Thanks again!  ;D
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: KarlKarlsson on August 21, 2015, 10:31:46 am
Are dividends going to be paid when Cassius is back from his well-earned vacation?  :)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: yassin54 on August 21, 2015, 10:37:55 am
Are dividends going to be paid when Cassius is back from his well-earned vacation?  :)
he was already paid, but I have not seen the announcement of cassius
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: KarlKarlsson on August 21, 2015, 10:46:12 am

Are dividends going to be paid when Cassius is back from his well-earned vacation?  :)
he was already paid, but I have not seen the announcement of cassius
You're right, the summary hasn't been posted unfortunately.


Sent from my iPhone using Tapatalk
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: leo+ on August 24, 2015, 11:26:57 pm
Alot of action for mmbtcd today  :o
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on August 26, 2015, 11:00:03 am
Morning all.

Dividend day. Because I was away last week I'll also post last week's results first:

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 168 [superBTCD] assets to 104 assetholders
Based on ownership at timestamp 54693913 (Wed, 19 Aug 2015 12:45:13 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 93 [superBTCD] assets to 99 assetholders
Based on ownership at timestamp 55291853 (Wed, 26 Aug 2015 10:50:53 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

You'll notice that this week's is lower than last week's. There are various reasons for this, including the crash in NXT price against BTCD. Another reason is that E9 had a very good dividend last week, which fed through to MMBTCD, since MMBTCD owns a large chunk of E9. E9 divs are paid fortnightly, so there wasn't one this week. Next week, of course, will include the E9 div and anything from BTCOR, who pay at the very beginning of the month.

There has also been a lot of activity on the AE for MMBTCD the last couple of days. It looks like someone figured out that MMBTCD is a decent proxy for E9, and will share its success.

To clear up a question that was recently asked, MMBTCD agreed from the start that it would not release any more assets until the price reaches 10 NXT each. However, although we can sell more at that point, we currently have no reason to. We still have some spare funds, and there would probably not be significant demand for new assets unless something fundamental changed. The agreement was simply that we'd have the option, but we won't be exercising it any time soon.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: yassin54 on August 26, 2015, 11:01:14 am
Thanks!  ;)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on August 26, 2015, 11:09:09 am
Thanks!  ;)

Yassin54, always quick to be grateful. We like you.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: yassin54 on August 26, 2015, 11:14:28 am
Thanks!  ;)

Yassin54, always quick to be grateful. We like you.
Yes
I want to see happiness for the comunity and motivated everyone with my simple message  :-*  ;)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: leo+ on August 30, 2015, 08:50:55 pm
Thanks for the div, look forward to the future of MMBTCD  :)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on September 02, 2015, 07:04:45 pm
The stars aligned this time - a great result from EIX (fortnightly) plus BTCOR's dividend, along with our other assets and bot activity. Despite the low NXT price and the reasonable BTCD price, this resulted in:

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 165 [superBTCD] assets to 101 assetholders
Based on ownership at timestamp 55909488 (Wed, 02 Sep 2015 14:24:48 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

With BTCD at ~0.0057, NXT at ~0.000036 and MMBTCD at the current sell price of ~9.5 NXT, this gives a yield of (165*0.0057)/(400000*9.5*0.000036) = ~0.7% for this week and probably something in the region of 2.5% per month. If the NXT price was stronger we'd obviously be doing much better.

Ultimately, I'd expect these dividends to drop somewhat in BTCD terms, though not in BTC terms, as the price of BTCD rises with the coming tech release and marketing campaign. However, some of our revenue-generating activity is directly linked to BTCD (bots), and I'd expect that element to stay steady or possibly even rise with greater trading volumes.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: yassin54 on September 02, 2015, 07:07:27 pm
Hehe Thanks!  ;D
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on September 09, 2015, 10:04:03 am
Dividend day! After bumping along the bottom for a month, NXT is up a bit; BTCD is also up a little over the last couple of weeks, though. No EIX or BTCOR dividends this time, so it's pretty impressive that the div is

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 101 [superBTCD] assets to 100 assetholders
Based on ownership at timestamp 56498252 (Wed, 09 Sep 2015 09:57:32 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

Azeh will make the stakers' payment later.
Thanks for holding!
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: yassin54 on September 09, 2015, 10:06:26 am
 :-* :-*
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on September 09, 2015, 10:23:46 am
 8)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: leo+ on September 09, 2015, 09:15:39 pm
Nice div
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on September 16, 2015, 06:46:27 pm
Ok, div day. Sorry for the delay, I was at a conference all day :(
Not too bad this week, despite low NXT price and relatively high BTCD price - the fortnightly EIX dividend gives us a nice boost.
The dividend was made in two batches (yes, if you also hold EIX, you're getting a deja vu right now). Because that's the way we roll around here.

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 1000000
Summary of proposed distribution of 129 [superBTCD] assets to 107 assetholders
Based on ownership at timestamp 57105183 (Wed, 16 Sep 2015 10:33:03 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

Nice to see the number of holders higher than last week.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: KarlKarlsson on September 16, 2015, 06:50:45 pm
Did you pay the dividend to all assets (1'000'000) or only to the usual 400k?
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on September 16, 2015, 06:55:26 pm
Did you pay the dividend to all assets (1'000'000) or only to the usual 400k?

All. Then the amount accidentally sent to escrowed assets was recovered and dividended out again :)
Hence the two payments. Everyone should have their full dividend.
Oops.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: cr7yp on September 16, 2015, 07:04:10 pm
i am new to this asset and i bought some. do you also distribute dividends for superBTCD holders? i hold some, too, but have not got any dividend yet. thanks!
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: yassin54 on September 16, 2015, 07:39:36 pm
Thanks for Div!  ;D
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on September 17, 2015, 11:01:28 am
i am new to this asset and i bought some. do you also distribute dividends for superBTCD holders? i hold some, too, but have not got any dividend yet. thanks!

No, SuperBTCD is the dividend!
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on September 23, 2015, 08:23:25 am
It's dividend day, and this week that means:

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 75 [superBTCD] assets to 108 assetholders
Based on ownership at timestamp 57701860 (Wed, 23 Sep 2015 08:17:40 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

It's lower than it has been recently. Obviously EIX pays fortnightly and BTCOR monthly, and neither came in this week. More significantly, there have been very low BTCD volumes on the exchanges recently, so the bots haven't made the same kinds of revenues. So it looks like a confluence of factors is to blame.

Azeh will pay the div to stakers later.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: yassin54 on September 23, 2015, 09:00:19 am
hehe it is me  ;D
Thanks!  ;)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on September 23, 2015, 09:17:44 am
hehe it is me  ;D
Thanks!  ;)

 :)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: leo+ on September 24, 2015, 04:24:53 pm
Thanks for the div :) Hodling hard
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on September 30, 2015, 09:27:00 am
Well, not such a bad week. We didn't have any major revenues (EIX, CORE) come in, but higher volumes for BTCD meant the bot did better, and the sadly low price of BTCD after its crash mean this week is somewhat improved on the last.

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 97 [superBTCD] assets to 105 assetholders
Based on ownership at timestamp 58310398 (Wed, 30 Sep 2015 09:19:58 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

NXT is also very low right now, which didn't help. Next week the stars will once again align with EIX and CORE dividends, so we should have a nice bump in the dividend - though I'd also hope BTCD would recover a little by then, too :(
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: proto on October 01, 2015, 06:33:04 pm
Thanks for the great div Cassius. Next week will be even better.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on October 07, 2015, 12:04:28 pm
Well, a substantially better result this weeks, thanks to CORE and EIX income and better bot activity.

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 153 [superBTCD] assets to 102 assetholders
Based on ownership at timestamp 58919800 (Wed, 07 Oct 2015 10:36:40 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

Despite CORE's great performance, we have taken the decision to sell around a fifth of our CORE holdings - probably just over 3,000. We originally picked them up at 6 NXT and will sell at 30 (so they will go after BTCOR's most recent sell tranche), thereby completely de-risking our holdings and freeing up funds for other activities, whilst retaining enough to keep a good income from them. This should give us opportunity to grow when we see other promising assets to invest in. We will also dividend out a proportion of this money after the sale goes through.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on October 14, 2015, 10:16:51 am
Dividend day is upon us once again.

NXT price is pretty much at an all-time low, which means less purchasing power against BTCD. Additionally, there was no E9 dividend this week (it's tomorrow). The combined effect of these would have led to a lower dividend this week but...

We also decided to sell 20% of our CORE holdings (3,200 assets). We purchased these at 6 NXT and sold at 28. This decision was solely about de-risking our holdings and freeing up funds for other activities. CORE has risen around 500%, so selling a fifth of our holdings made a lot of sense to us. We plan to hold the remainder, unless CORE undergoes another impressive rise in value, in which case selling a few more might be a smart thing to do.

The 89,600 NXT raised by the sale pretty much cancels out our initial 100k NXT purchase of CORE (then BTCOR), so we now hold the remaining assets 'for free'. To thank our holders, we decided to dividend out 10k NXT of that amount this week.

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 124 [superBTCD] assets to 104 assetholders
Based on ownership at timestamp 59522996 (Wed, 14 Oct 2015 10:09:56 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

Thanks for holding!
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: robertdexter on October 15, 2015, 03:38:58 pm
Last week I read an article based on mutual fund the awareness of this mutual fund is very less among investor. Sure in this thread you have shared great information.

Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on October 20, 2015, 03:15:45 pm
We have used 80,000 NXT of our remaining funds to purchase 8,000 Cryptofund (Cryptoasset.fund) assets. Thanks to Coinomat for making them available to us from his personal holdings at below market rate.
Cryptofund is a new fund that operates a bit like NXTventure or SuperNET. It will dividend out both NXT, on a weekly basis, but also new assets as they are included in the fund (possibly monthly). It's therefore a great way of maintaining diversification, whilst ensuring weekly income and growth. I think it's a good addition to MMBTCD.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on October 21, 2015, 09:59:31 am
Dividend day. NXT price is terrible, but BTCD is down quite a lot too (incidentally, I think there is a link, since a large chunk of BTC support may have been pulled from BTCD to buy NXT at these prices). We've also got our fortnightly E9 income to factor in, so it's actually pretty respectable:

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 162 [superBTCD] assets to 106 assetholders
Based on ownership at timestamp 60126773 (Wed, 21 Oct 2015 09:52:53 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

Enjoy, and thanks for hodling people!
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: crackers on October 22, 2015, 05:16:34 pm
thnx!
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on October 28, 2015, 02:49:42 pm
Dividend day:

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 110 [superBTCD] assets to 105 assetholders
Based on ownership at timestamp 60749027 (Wed, 28 Oct 2015 14:43:47 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

NXT is at an all-time low at the moment, but BTCD has also tanked recently. We've had pretty good results from coinomat's bots due to the increased volume, too. The result is a pretty good dividend for a 'normal' week (i.e. no EIX or CORE dividends).

Azeh will be making 3 stakers' payments shortly to make up for the previous 2 weeks.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on November 04, 2015, 08:21:08 am
Dividend day.

We've had a major run-up for BTC, punishing all the alts - especially BTCD and NXT. BTCD has been extremely volatile, dropping to 0.0025 at one point, then spiking to 0.004. Meanwhile NXT has dropped below 0.00002, so has less purchasing power. But the volatility and volumes of altcoins have been good for the bots.

At the same time, this week we have both CORE and EIX dividends to fund MMBTCD. Overall result: a very good week - one of our best yet.

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 176 [superBTCD] assets to 106 assetholders
Based on ownership at timestamp 61329299 (Wed, 04 Nov 2015 07:54:59 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

Thanks for holding, guys.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: proto on November 10, 2015, 05:49:53 pm
Great div last week, Look forward to the next one with all my new mmbtcd.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on November 10, 2015, 06:44:48 pm
Great div last week, Look forward to the next one with all my new mmbtcd.

Hey proto,
Will have figures tomorrow but bear in mind it will be an 'off' week (no eix divs, or core) so liable to be less than last week.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on November 11, 2015, 11:24:15 am
So, a worse week than last, but we knew that already. Factors this week include the high volatility and serious alt dumps. Coinomat's bots work best on relatively stable markets, so they actually had to be turned off for a while to avoid potential losses.

Despite that, it was not disastrous - the low BTCD price helped.

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 95 [superBTCD] assets to 103 assetholders
Based on ownership at timestamp 61946371 (Wed, 11 Nov 2015 11:19:31 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

Thanks for hodling. Next week will include EIX divs and hopefully the bots will be running at full capacity.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on November 18, 2015, 09:02:55 am
Lots of volatility from BTCD this week, which remains very low despite an overall rise. NXT is also under 2k sats right now, giving it less purchasing power. Offsetting that, we have the E9 div, so all in all it's looking pretty good:

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 157 [superBTCD] assets to 101 assetholders
Based on ownership at timestamp 62542673 (Wed, 18 Nov 2015 08:57:53 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

MMBTCD itself has seen some interest, pushing up to 30 NXT at one point - pretty good if you bought at ICO for 5 NXT. Please trade responsibly :)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on November 25, 2015, 11:25:35 am
NXT is more stable, though still low; BTCD is down. No EIX or CORE divs (both will come next week though), but a decent div all the same:

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 104 [superBTCD] assets to 102 assetholders
Based on ownership at timestamp 63153713 (Wed, 25 Nov 2015 10:41:53 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

Thanks all, especially coinomat for his bot-work.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on December 02, 2015, 10:52:49 am
Like Slack says, sometimes you eat the bear and sometimes, well, the bear eats you. This was not the bear's day :)

Despite some challenges and lower revenues due to the EIX/LQD hack and loss of trading funds, MMBTCD has had a very good week. Revenues from EIX and especially CORE, combined with a slightly higher NXT price (finally) mean that:

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 165 [superBTCD] assets to 104 assetholders
Based on ownership at timestamp 63758868 (Wed, 02 Dec 2015 10:47:48 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

One of our best. Thanks for holding, all.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on December 09, 2015, 11:04:25 am
This weeks div is in:

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 124 [superBTCD] assets to 106 assetholders
Based on ownership at timestamp 64362748 (Wed, 09 Dec 2015 10:32:28 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

Thanks for hodling!
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on December 16, 2015, 10:24:37 am
Not a bad week all round, despite a lower than hoped-for dividend from EIX yesterday. BTC continues to suck all the oxygen out of the alts market, and BTCD has been badly punished. On the plus side, the same revenue buys more for dividends, and the new Iguana app is progressing well. MMBTCD is also lower than it has been for a while, meaning that - aside from the BTC lift - it's a pretty good time to get into BTCD and MMBTCD.

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 162 [superBTCD] assets to 105 assetholders
Based on ownership at timestamp 64966679 (Wed, 16 Dec 2015 10:17:59 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

A note on the price of MMBTCD: when I was doing some marketmaking to reduce the large spread, I discovered a bot that was programmed to sell at 0.01 NXT below the highest ask. It was holding the price down as the account had a lot of MMBTCD. It also wasn't the best strategy as the bot was vulnerable to being gamed. Coinomat knows the dev and contacted him. It's now been switched off. Last I heard coinomat was hoping to buy the MMBTCD OTC.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: yassin54 on December 16, 2015, 12:03:39 pm
Buy some MMBTCD  :D
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Sebastien256 on December 20, 2015, 11:24:20 am
Spread on superbtcd/NXT is huge. Can this market-making fund do something about this?

Or any whale can smooth out superbtcd exchange usability?
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on December 20, 2015, 12:52:06 pm
Spread on superbtcd/NXT is huge. Can this market-making fund do something about this?

Or any whale can smooth out superbtcd exchange usability?

Someone was doing some marketmaking - don't know what happened to that. We can ask coinomat and others if they're interested. Marketmaking on AE will always be a little less efficient though.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on December 23, 2015, 12:01:46 pm
Dividend day!

Since it's Christmas, we though a bonus was in order. A while back we sold 20% of our CORE holdings, purely to de-risk (i.e we still consider it a great investment). Since we bought at 6 and sold at 28, our remaining CORE assets cost us practically nothing. We invested some of that money in other assets, kept some, but earmarked 20k NXT at the time for a Christmas thank you to our holders. Result: best week ever (I think):

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 181 [superBTCD] assets to 104 assetholders
Based on ownership at timestamp 65570882 (Wed, 23 Dec 2015 10:08:02 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

Happy Christmas, guys, and hoping we can continue to deliver good results in 2016. There is some very exciting stuff happening with BTCD right now (join #iguana on Slack for more information) and so hopefully those who have held patiently and accumulated will be rewarded in the coming months.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on December 30, 2015, 01:23:39 pm
Driving all day but here's a quick div update on mmbtcd:
MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 97 [superBTCD] assets to 105 assetholders
Based on ownership at timestamp 66175639 (Wed, 30 Dec 2015 10:07:19 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend

A very welcome bump in both nxt and btcd prices - finally - though btcd has risen more.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: yassin54 on January 06, 2016, 01:49:34 pm
From Slack SuperNET #btcd, by Coinomat:

Code: [Select]
Hi guys, today I post weekly MMBTCD dividend
MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 123 [superBTCD] assets to 106 assetholders
Based on ownership at timestamp 66792415 (Wed, 06 Jan 2016 13:26:55 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693): MMBTCD dividend[code]
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on January 13, 2016, 10:14:34 am
It's a lower div this week, for a couple of reasons. One is that it's an 'off' week, so no dividend income from our major revenue sources, CORE or EIX. The second is that MMNXT has paused in paying dividends while the merger with EIX goes ahead. The dividend this week therefore comes mainly from bots:

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 81 [superBTCD] assets to 107 assetholders
Based on ownership at timestamp 67384016 (Wed, 13 Jan 2016 09:46:56 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693)

Within a week or so, hopefully the merger will be complete and MMBTCD will own a decent chunk of NEXT, putting it in a good position going forwards. I would expect revenues to rise as a result of the combined fund, though please do not trade based on this because, as ever, there are no guarantees.

BTCD is very low at the moment, and NXT just got hit by a wall of Chinese money. If that continues it will help payouts too.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on January 20, 2016, 03:26:15 pm
Another slightly lower div this week, since we're in transition with MMNXT/EIX assets, which are moving to the unified fund NEXT. Still, not bad - the low BTCD price and slightly higher NXT price help. So:

MMBTCD (8122396658538927693) Total issued assets: 1000000, Assets to be distributed to: 400000
Summary of proposed distribution of 95 [superBTCD] assets to 105 assetholders
Based on ownership at timestamp 68008908 (Wed, 20 Jan 2016 15:21:48 GMT)
Message included-->Dividend from asset MMBTCD(8122396658538927693)

Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on January 27, 2016, 10:58:17 am
Another slightly lower div this week. The transition from MMNXT and EIX to NEXT is just about complete, and NEXT will start paying dividends now (from 1st February). At that point, we should see some healthier numbers!

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.0002
Summary of proposed distribution of 80 superBTCD to 107 assetholders
Based on ownership at timestamp: 68597205 (27/01/2016 13:46:44)
Prunable message included: 8122396658538927693
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on February 03, 2016, 12:08:03 pm
First dividend since NEXT launched as a unified asset combining MMNXT and EIX.

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.0003125
Summary of proposed distribution of 125 superBTCD to 106 assetholders
Based on ownership at timestamp: 69206277 (3/02/2016 14:57:56)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

Not bad.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: KarlKarlsson on February 04, 2016, 10:25:39 am
First dividend since NEXT launched as a unified asset combining MMNXT and EIX.

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.0003125
Summary of proposed distribution of 125 superBTCD to 106 assetholders
Based on ownership at timestamp: 69206277 (3/02/2016 14:57:56)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

Not bad.
Cassius, the final dividend is 115 superBTCD, right?
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on February 04, 2016, 12:22:21 pm
First dividend since NEXT launched as a unified asset combining MMNXT and EIX.

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.0003125
Summary of proposed distribution of 125 superBTCD to 106 assetholders
Based on ownership at timestamp: 69206277 (3/02/2016 14:57:56)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

Not bad.
Cassius, the final dividend is 115 superBTCD, right?

Yes, that's right. 125 was a typo. Sorry!
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on February 10, 2016, 11:50:26 am
Today's div:

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.0002175
Summary of proposed distribution of 87 superBTCD to 106 assetholders
Based on ownership at timestamp: 69810175 (10/02/2016 14:42:54)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

We're past the 1st of the month and the NEXT div was included in last week's dividend, so it looks like we're back to the pattern of slightly higher payouts each fortnight. I suppose we could smooth things by paying out half of each set of income each week, but it all comes out in the wash for hodlers.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on February 17, 2016, 11:05:34 am
And, this week's div...

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.0003125
Summary of proposed distribution of 125 superBTCD to 106 assetholders
Based on ownership at timestamp: 70412565 (17/02/2016 14:02:44)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

It's a better one thanks to our NEXT holdings paying out on Monday. NXT is reasonably high, BTCD reasonably low. TL;DR, it's all good.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on February 24, 2016, 10:11:46 am
MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.0002325
Summary of proposed distribution of 93 superBTCD to 108 assetholders
Based on ownership at timestamp: 71014120 (24/02/2016 13:08:39)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on March 02, 2016, 10:13:07 am
Another good one thanks to the NEXT div yesterday. Despite that, our asset price has crashed, along with most of the rest of the AE. Yields are now ~3x higher than they were a few weeks/months back. Dumpers gonna dump, hodlers gonna hold :)
Eventually, MMBTCD will end up on WAVES, Coinomat's new platform.

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.000375
Summary of proposed distribution of 150 superBTCD to 107 assetholders
Based on ownership at timestamp: 71618723 (2/03/2016 13:05:22)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on March 09, 2016, 10:22:50 am
Both NXT and BTCD have had a 20% bump in the last couple of days, which sadly largely cancel each other out! It would have been nice if BTCD could have stayed low a little longer. Anyway:

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.00024875
Summary of proposed distribution of 99.5 superBTCD to 106 assetholders
Based on ownership at timestamp: 72224377 (09/03/2016 13:19:36)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

Thanks for hodling. If anyone wants to pick up cheap assets MMBTCD is around 6 NXT on AE.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on March 16, 2016, 10:10:07 am
BTCD is on the move! A nice bump in price over the last couple of days, though volumes are still relatively low. In USD terms, BTCD is back to where it was last summer, around $1.25-30, after a long period at $0.80-$1.

That inevitably means lower dividends in BTCD terms, but it's still been a good week:
MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.0003475
Summary of proposed distribution of 139 superBTCD to 107 assetholders
Based on ownership at timestamp: 72828361 (16/03/2016 13:06:00)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

Meanwhile the Iguana wallet seems to be nearing completion, and James' ideas are gaining some interest from developers like Gavin Andresen. HODL!
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on March 23, 2016, 11:17:39 am
And so it's div day once again!

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.0002475
Summary of proposed distribution of 99 superBTCD to 107 assetholders
Based on ownership at timestamp: 73437231 (23/03/2016 14:13:50)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on March 30, 2016, 11:27:02 am
BTCD has had quite a rise this week, now hovering around 0.0038 - a great reward for long-term holders, and hopefully more to come. This also means dividends this week are lower in BTCD terms, of course, but you can't have it both ways:

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.0001995
Summary of proposed distribution of 79.8 superBTCD to 105 assetholders
Based on ownership at timestamp: 74042571 (30/03/2016 14:22:50)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on April 06, 2016, 10:50:46 am
BTCD remains pretty strong this week; NXT isn't doing badly though and we have a bump from our fortnightly NEXT dividend this time, so:

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.000295
Summary of proposed distribution of 118 superBTCD to 103 assetholders
Based on ownership at timestamp: 74644039 (4/6/2016 13:27:18)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

Thanks for hodling!
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on April 13, 2016, 11:52:47 am
Here it is...

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 1000000
Dividend per asset: 0.000101
Summary of proposed distribution of 101 superBTCD to 101 assetholders
Based on ownership at timestamp: 75253176 (4/13/2016 14:39:35)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on April 20, 2016, 01:58:55 pm
Ok, so:
Low BTCD price, bit of a dump there. NXT struggling but up a little after a colossal whale dump last week. A nice boost from NEXT's div on 15th, plus there's extra divs because we made a mistake last time and sent a bunch to the escrow account. Sorry about that.

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.0003675
Summary of proposed distribution of 147 superBTCD to 101 assetholders
Based on ownership at timestamp: 75864434 (4/20/2016 16:27:13)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

Thanks for hodling!
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on April 27, 2016, 05:09:25 pm
Additional assets leftover from last time were added this week, in the end, so it's a good one:

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.0004125
Summary of proposed distribution of 165 superBTCD to 102 assetholders
Based on ownership at timestamp: 76475390 (4/27/2016 18:09:49)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on May 04, 2016, 08:38:16 pm
So this week we have...

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.0003925
Summary of proposed distribution of 157 superBTCD to 101 assetholders
Based on ownership at timestamp: 77098574 (5/4/2016 23:16:13)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

Not a bad one!
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on May 11, 2016, 06:47:52 pm
And today we have...

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.00022392499999999998
Summary of proposed distribution of 89.57 superBTCD to 102 assetholders
Based on ownership at timestamp: 77692188 (5/11/2016 20:09:47)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

It turned out that a significant amount of NEXT was redeemed for WAVES, meaning MMBTCD's supply will receive an increased share of the dividend in future. Cool beans.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on May 18, 2016, 07:06:13 pm
This week's div:

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.0002925
Summary of proposed distribution of 117 superBTCD to 99 assetholders
Based on ownership at timestamp: 78291615 (5/18/2016 18:40:14)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on May 27, 2016, 08:47:55 am
Happy anniversary! We've been running the MMBTCD fund for a year now. A big thank you to Sasha (Coinomat) for his bot work and payouts, and to Azeh for his stakers' divs and investment advice. Here's to another year!

Div was paid out last Wednesday as usual, by the way - just haven't had a chance to post the usual div message but you'll see it in your accounts.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: danisapfirov on May 27, 2016, 09:51:16 am
Hi Cassius,

Happy anniversary! Thanks for the good job.
I have MMBTCD assets and would like to know is there any connection between MMBTCD and Iguana/BTCD project?

Cheers

Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on May 31, 2016, 06:42:43 am
Hi Cassius,

Happy anniversary! Thanks for the good job.
I have MMBTCD assets and would like to know is there any connection between MMBTCD and Iguana/BTCD project?

Cheers

Hey danisapfirov,
Thanks! There is no direct connection. But mmbtcd pays out btcd, so any tech that raises the value of btcd benefits holders. Mmbtcd is really a way to provide passive income in btcd.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on June 08, 2016, 01:22:33 pm
Divs for two weeks today, since last week was the aftermath of WAVES' ICO. So it's a pretty good one:

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.000515
Summary of proposed distribution of 206 superBTCD to 101 assetholders
Based on ownership at timestamp: 80097534 (6/8/2016 16:18:53)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

Thanks for hodling!
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on June 17, 2016, 05:23:33 am
It's Wednesday again, so another div!*

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.0002525
Summary of proposed distribution of 101 superBTCD to 102 assetholders
Based on ownership at timestamp: 80820028 (6/17/2016 1:00:27)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

Thanks for hodling!

* Ok, yes. Sorry about that. It's been a bit busy over in Wavesland but we got there eventually.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on June 22, 2016, 05:04:06 pm
Another week, another dividend...

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.0002875
Summary of proposed distribution of 115 superBTCD to 101 assetholders
Based on ownership at timestamp: 81316485 (6/22/2016 18:54:44)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on June 30, 2016, 04:28:41 pm
Div day! A day late. But still. Here it is.

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.000255
Summary of proposed distribution of 102 superBTCD to 98 assetholders
Based on ownership at timestamp: 82001124 (6/30/2016 17:05:23)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

A bit of a boost from the strengthening NXT price. We'll see where that goes next week.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on July 06, 2016, 04:54:53 pm
MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.0003
Summary of proposed distribution of 120 superBTCD to 97 assetholders
Based on ownership at timestamp: 82529265 (7/6/2016 19:47:44)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on July 15, 2016, 03:13:26 pm
Sorry for the delay...

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.0002875
Summary of proposed distribution of 115 superBTCD to 96 assetholders
Based on ownership at timestamp: 83294953 (7/15/2016 16:29:12)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on July 20, 2016, 02:48:10 pm
MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.000375
Summary of proposed distribution of 150 superBTCD to 95 assetholders
Based on ownership at timestamp: 83730911 (7/20/2016 17:35:10)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on July 30, 2016, 08:18:50 am
MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.00041
Summary of proposed distribution of 164 superBTCD to 95 assetholders
Based on ownership at timestamp: 84336408 (7/27/2016 17:46:47)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: GIGminer on August 07, 2016, 11:10:49 pm
Any news about the last wednesday dividend?
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on August 08, 2016, 07:13:08 am
Any news about the last wednesday dividend?

I was away. Guess we'll do double divs this week.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on August 10, 2016, 03:18:49 pm
MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.000295
Summary of proposed distribution of 118 superBTCD to 97 assetholders
Based on ownership at timestamp: 85547448 (8/10/2016 18:10:47)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on August 24, 2016, 09:49:01 am
Dividends resume after a week's gap:

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.00055
Summary of proposed distribution of 220 superBTCD to 98 assetholders
Based on ownership at timestamp: 86737511 (8/24/2016 12:45:10)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

Both NXT and BTCD are high right now (NXT dropping off as the Ardor snapshot progresses), so it's a good one - even accounting for the fact that this is for two weeks.

Stakers' divs will resume again too.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on September 01, 2016, 08:09:36 am
Morning all! It's div day and that means:

MMBTCD (8122396658538927693)

Total issued assets: 1000000

Assets to be distributed to: 400000

Dividend per asset: 0.0003025

Summary of proposed distribution of 121 superBTCD to 99 assetholders

Based on ownership at timestamp: 87383792 (9/1/2016 0:16:31)

Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

Which is pretty respectable, really.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: tompkr on September 01, 2016, 09:12:57 pm
What's Komodo mean for the future of this asset?
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on September 02, 2016, 10:28:56 am
What's Komodo mean for the future of this asset?

Very good question and at this point we're not sure. We'll discuss whether it's better to wind up the asset, continue but pay in a different currency (probably BTC) or shift to Komodo payments. There are a lot of different factors in play so it needs careful consideration.
Please do chip in if you have ideas or preferences, and of course we'll take them into account.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on September 08, 2016, 04:29:56 am
MMBTCD (8122396658538927693)

Total issued assets: 1000000

Assets to be distributed to: 400000

Dividend per asset: 0.000255

Summary of proposed distribution of 102 superBTCD to 98 assetholders

Based on ownership at timestamp: 87973482 (9/7/2016 20:04:41)

Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: danisapfirov on September 08, 2016, 09:18:07 am
What's Komodo mean for the future of this asset?

Very good question and at this point we're not sure. We'll discuss whether it's better to wind up the asset, continue but pay in a different currency (probably BTC) or shift to Komodo payments. There are a lot of different factors in play so it needs careful consideration.
Please do chip in if you have ideas or preferences, and of course we'll take them into account.

Maybe SuperKMD asset should be created and payments will be in SuperKMD.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on September 14, 2016, 12:42:49 pm
We have taken the decision to wind up MMBTCD. There are a few good reasons for this, which we will explain in due course. Right now we're just working on withdrawing the funds used by the bots. We will dividend out the main assets we have (Core and NEXT) and then set a buywall with the remaining funds. This seems the best plan, as there isn't sufficient liquidity on AE to sell these at market price, or at all. People can decide the best thing to do with them, hold or try to sell.
Will keep you posted as we have more details. It's a shame to be closing such a successful fund, but it does seem like the right course of action.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Seccour on September 14, 2016, 01:27:38 pm
We have taken the decision to wind up MMBTCD. There are a few good reasons for this, which we will explain in due course. Right now we're just working on withdrawing the funds used by the bots. We will dividend out the main assets we have (Core and NEXT) and then set a buywall with the remaining funds. This seems the best plan, as there isn't sufficient liquidity on AE to sell these at market price, or at all. People can decide the best thing to do with them, hold or try to sell.
Will keep you posted as we have more details. It's a shame to be closing such a successful fund, but it does seem like the right course of action.

Why not continue and give dividends in another currency ?
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: D20160404 on September 15, 2016, 07:29:49 am
I agree with Seccour. This has been a good asset for me
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on September 15, 2016, 08:46:43 am
It has been a good asset, and we will be sad to close it. There are a few reasons though:
Administrative time - Sasha is obviously very busy with Waves.
Shift to Komodo - investors signed up for BTCD. It seems best that we wind up and then if they want to invest that in Komodo, great. If not, they have the funds to do whatever they want with. The transition to Komodo and what will happen to the value of BTCD in the meantime is not clear.
Ardor. There's a month left of the snapshot. If we buy it out now, investors can have the NXT - which again, they can hold for the Ardor stake or sell while NXT is still relatively high.
Given the other issues we face like assets falling in value, we won't be able to pay back investors what they put in. This seems like the best way of offering them greater value, via Komodo and Ardor if they want it.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: D20160404 on September 15, 2016, 09:12:30 am
I have not heard about komodo until now. Also the rest makes sense. Thanks for the explanation
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on September 19, 2016, 02:52:43 pm
Sasha has dividended out all the assets in the MMBTCD portfolio account. This includes the large number of assets he generously donated to kickstart the project over a year ago now, which is a pretty nice bonus.

Next step will be to put up a buywall. It looks like that will be somewhere between 1.5 and 2 NXT, so a little bit down from where we started, due to various factors (around 2.5 NXT per asset were moved to bots). Hopefully the gifted assets will compensate for that.

It's a sad day, but it's the right decision. Hopefully doing it now will mean people have the funds to hold for Ardor, if they want, or invest in Komodo, if they prefer.

Thanks for holding!

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.13
Summary of proposed distribution of 52000 NXT to 97 assetholders
Based on ownership at timestamp: 89000821 (9/19/2016 17:27:00)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.032
Summary of proposed distribution of 12800 CORE to 97 assetholders
Based on ownership at timestamp: 89000902 (9/19/2016 17:28:21)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.020405
Summary of proposed distribution of 8162 Cryptofund to 97 assetholders
Based on ownership at timestamp: 89001044 (9/19/2016 17:30:43)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.020405
Summary of proposed distribution of 8162 NEXT to 97 assetholders
Based on ownership at timestamp: 89001137 (9/19/2016 17:32:16)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 0.0152625
Summary of proposed distribution of 6105 NXTInspect to 97 assetholders
Based on ownership at timestamp: 89001186 (9/19/2016 17:33:05)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)

MMBTCD (8122396658538927693)
Total issued assets: 1000000
Assets to be distributed to: 400000
Dividend per asset: 9.25e-7
Summary of proposed distribution of 0.37 superBTC to 97 assetholders
Based on ownership at timestamp: 89001326 (9/19/2016 17:35:25)
Prunable message included: Dividend from asset: MMBTCD(8122396658538927693)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: apenzl on October 19, 2016, 06:29:35 am
Thanks for the divs.

Next step will be to put up a buywall.

Let us know when you're ready. Thanks. :)
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on October 19, 2016, 05:44:48 pm
Thanks for the divs.

Next step will be to put up a buywall.

Let us know when you're ready. Thanks. :)

It was up, looks like it's been sold into. I'll ask Sasha to put up more.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: apenzl on October 19, 2016, 06:54:22 pm
Ok, I didn't see it. Thanks.

And thanks for running a great asset, Cassius +
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on October 20, 2016, 09:06:14 am
Ok, I didn't see it. Thanks.

And thanks for running a great asset, Cassius +

Thanks Arthur. It is a shame to wind it up, but with Komodo and Ardor it just seemed like the best option.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: shmoula on November 18, 2016, 02:32:59 pm
Whoa, looks like I missed the buyout (again). Any possibility to another wall?
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: taggartd on November 19, 2016, 01:21:44 pm
Whoa, looks like I missed the buyout (again). Any possibility to another wall?
I missed it also....
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on November 19, 2016, 04:32:25 pm
Whoa, looks like I missed the buyout (again). Any possibility to another wall?
I missed it also....

Will raise it - funds should be there! It was the intention to buy everyone out.
Title: Re: BTCD mutual fund and market-making asset, MMBTCD
Post by: Cassius on November 20, 2016, 03:57:12 pm
Buywall replenished.
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