Print

• Show the most recent posts.

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[Cassius]

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)

[danisapfirov]

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.

[Cassius]

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.

[Seccour]

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 ?

[D20160404]

I agree with Seccour. This has been a good asset for me

[Cassius]

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.

[D20160404]

I have not heard about komodo until now. Also the rest makes sense. Thanks for the explanation

[Cassius]

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)

[apenzl]

Thanks for the divs.

Next step will be to put up a buywall.

Let us know when you're ready. Thanks.

[Cassius]

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.

[apenzl]

Ok, I didn't see it. Thanks.

And thanks for running a great asset, Cassius +

[Cassius]

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.

[shmoula]

Whoa, looks like I missed the buyout (again). Any possibility to another wall?

[taggartd]

Whoa, looks like I missed the buyout (again). Any possibility to another wall?

I missed it also....

[Cassius]

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.

[Cassius]

Buywall replenished.