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BTCD mutual fund and market-making asset, MMBTCD  
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Author Topic: BTCD mutual fund and market-making asset, MMBTCD  (Read 133766 times)

leo+

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #60 on: August 30, 2015, 08:50:55 pm »

Thanks for the div, look forward to the future of MMBTCD  :)
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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #61 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.
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yassin54

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #62 on: September 02, 2015, 07:07:27 pm »

Hehe Thanks!  ;D

Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #63 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!
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yassin54

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #64 on: September 09, 2015, 10:06:26 am »

 :-* :-*

Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #65 on: September 09, 2015, 10:23:46 am »

 8)
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leo+

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #66 on: September 09, 2015, 09:15:39 pm »

Nice div
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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #67 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.
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KarlKarlsson

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #68 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?
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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #69 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.
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cr7yp

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #70 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!
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yassin54

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #71 on: September 16, 2015, 07:39:36 pm »

Thanks for Div!  ;D

Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #72 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!
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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #73 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.
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yassin54

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #74 on: September 23, 2015, 09:00:19 am »

hehe it is me  ;D
Thanks!  ;)

Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #75 on: September 23, 2015, 09:17:44 am »

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leo+

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #76 on: September 24, 2015, 04:24:53 pm »

Thanks for the div :) Hodling hard
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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #77 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 :(
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proto

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #78 on: October 01, 2015, 06:33:04 pm »

Thanks for the great div Cassius. Next week will be even better.
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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #79 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.
« Last Edit: October 07, 2015, 12:46:47 pm by Cassius »
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