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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 133947 times)

Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #80 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!
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robertdexter

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #81 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.

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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #82 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.
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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #83 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!
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crackers

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #84 on: October 22, 2015, 05:16:34 pm »

thnx!
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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #85 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.
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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #86 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.
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proto

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #87 on: November 10, 2015, 05:49:53 pm »

Great div last week, Look forward to the next one with all my new mmbtcd.
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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #88 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.
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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #89 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.
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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #90 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 :)
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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #91 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.
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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #92 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.
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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #93 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!
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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #94 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.
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yassin54

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #95 on: December 16, 2015, 12:03:39 pm »

Buy some MMBTCD  :D

Sebastien256

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #96 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?
« Last Edit: December 20, 2015, 11:27:31 am by Sebastien256 »
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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #97 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.
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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #98 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.
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Cassius

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Re: BTCD mutual fund and market-making asset, MMBTCD
« Reply #99 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.
« Last Edit: December 30, 2015, 01:25:43 pm by Cassius »
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