E9
Supporting the Nxt ecosystem: Multistrategy hedge fund
Asset ID: 5056017329645101426 (EIX)
The supply of NXT is finite (1 billion or 1E9), whereas the market cap of the Asset Exchange has no limit. Bringing money into NXT from fiat and supporting existing Nxt businesses is therefore a clear strategy for ensuring both the financial and practical success of Nxt.
Strategy
E9 will generate revenues from manual trading and brokerage activities (managed by Whale) and market-making/arbitrage/trading bots (coded by Coinomat), further managing risk by using a proportion of profits to purchase a wide range of assets, which will themselves generate income and support the broader Nxt economy. It is a balanced fund targeting constant capital growth and increasing revenue generation.
Allocation of funds and Revenues
E9 will have a diversified portfolio based on crypto trading and bulk purchases; market-making, arbitrage and trading bots; a range of revenue-generating assets to manage risk; and cash reserves for rebalancing the fund. After management fees, a proportion of revenues will be reinvested to increase NAV, grow the fund and generate higher future incomes. 1% will be donated to key Nxt organisations, with the remainder dividended out to assetholders monthly. Above a gross return of
10% per month on AUM, a further 5% of revenues will be held for discretionary bonuses. Initial/provisional allocations will be:

Asset issue
An initial offering of
200,000 assets will be made to organisations core to the success of Nxt (e.g. NXTer.org, Nxt Foundation, etc) and other bulk purchasers (likely 25k assets and above), who will receive a 5% discount. Depending on the nature and suitability of the business, there is scope for an asset swap at negotiated rates if the buyer has outstanding assets, since these would become part of E9’s supporting portfolio. A further
220,000 assets will be sold at 10 NXT on the Asset Exchange, giving a total of 4.2m NXT. 15% of total assets will be granted to the management team, who will also purchase further assets as private individuals. 1% will be reserved for NXTi, for escrow/security. Remaining assets will be escrowed with NXTi.
If existing/profitable allocations of funds are maintained, the asset will scale indefinitely without harming holders. New investors can be added at or above market price without dilution. Security and succession
E9’s dividends and 15% management payments will be dealt with by NXTInspect (NXTi). If one of the management team leaves, payment can simply be switched to the incoming employee – rather than tying up large amounts of assets themselves as payment. This also enables the fund to scale indefinitely.
Coinomat, Whale and Cassius
UPDATE: Asset issue is complete. Initial assets have been distributed and the remainder escrowed with NxtInspect.