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Author Topic: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH  (Read 124050 times)

pf

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LTCgear has been having issues with payments, this asset is entirely on hold pending LTCgear resolving their issues and paying out the missing payments.  Dividends will be caught up at that point.


Hashrate.org and the HRNXTPOOL are pleased to announce the launch of an additional asset, HRLTCGEAR (asset number:  10890135065820123998).  This asset is being released to ensure that investors have a chance to invest in LTCgear ASIC shares with as low of an overhead/management as possible. LTCgear shares are currently available with a 49% discount coupon applied to them, as well as a 8% discount for paying in bitcoin and then an additional 11% off by using your own affiliate account.  I am in the process of discussing volume discounts with LTCgear as well, to try and get an even better possible price for the asset.

The cost per MH has been steadily decreasing since the asset began.  Our most recent shares have been purchased for less than $2.50 per MH. 

HRLTCGEAR has issued 100,000,000 assets, and will be priced at 1 NXT per share. This price will not go up.  Each share will represent 1/N of the LTCgear dividends earned, with N representing the number of shares that are owned by people other than the asset issuer. Unsold shares will be excluded from dividend calculations entirely. The shares will be released to the AE in smaller quantities and as each batch sells out, the LTCgear equipment will be purchased and additional shares will be put on the AE for sale. 

Instead of any management fee, HRNXTPOOL will be awarded with 10% of the active shares. This means for every 9 HRLTCGEAR shares that are sold on the AE, HRNXTPOOL will recieve 1 shares and the dividends from those shares will be split amongst the HRNXTPOOL holders. HRLTCGEAR dividends will be sent each week a few blocks prior to the HRNXTPOOL shares.

**disclaimer:  I own a 10% stake of HRNXTPOOL, which means that I will directly profit ~1% from all HRLTCGEAR shares sold.

Due to LTCGear having a multiplication interval of 1.35x every 45 days, there will be no automatic reinvestment back into additional hashrate.  Shareholders can, however, request a percentage of reinvestment that they would like to see on an individual basis.

This reinvestment percentage will simply be awarded on a 1 NXT per share basis (the same price the asset costs), so a shareholder that earned 5,000 NXT dividend one week who wanted a 50% reinvestment would recieve 2,500 NXT and 2,500 additional HRLTCGEAR shares. 

Shareholders are welcome to adjust their individual reinvestment ratios at any time during the week via AM to the asset issuer from the account that owns the asset.  I will reply to each AM once I have adjusted your reinvestment ratio.
« Last Edit: February 20, 2015, 06:39:36 pm by pf »
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pf

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Re: Reserved
October 08, 2014, 02:10:42 am

Future week's dividends will be sent out sometime before the saturday night following friday's weekly payout.  (PST).
HRLTCGEAR will always pay out just prior to HRNXTPOOL.
« Last Edit: November 09, 2014, 12:15:52 am by pf »
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pf

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Re: Reserved
October 08, 2014, 02:10:58 am

post3
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pf

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Re: Reserved
October 08, 2014, 02:11:14 am

post4
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TwinWinNerD

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Re: Reserved
October 08, 2014, 02:25:25 am

combobreaker?

Edit: PM me if you need me to remove it :D

lucky88888

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Re: Reserved
October 08, 2014, 03:13:43 am

OMG SOMETHING HUUUUGE IS COMING!  Better get some nxt ready!!  :o
NXT-E328-UJDF-KTGH-9C6YQ
8897013707391239174

sparta_cuss

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Re: Reserved
October 08, 2014, 06:12:51 am

Interested.
nxt: NXT-Z24T-YU6D-688W-EARDT
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printshop

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Re: Reserved
October 08, 2014, 06:18:39 am

seventh!

shin

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Re: Reserved
October 08, 2014, 06:42:56 am

Another pre-announced Asset? :P
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Artila

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Re: Reserved
October 08, 2014, 08:42:23 pm

Already feel as if I'm missing out :)
NXT-GHAL-CD2K-HEEG-7PLBL

Sebastien256

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Re: Reserved
October 08, 2014, 08:44:09 pm

lol, pf has reserved a forum topic. That one is really funny  :D
Please drop your ideas concerning Nxt and/or NRS in this topic -> List of feature request for Nxt and/or NRS (with the full list in OP).

cobaltskky

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Re: Reserved
October 08, 2014, 11:05:54 pm

It's a reserved spot to pre-announce an announcement ABOUT AN ANNOUNCEMENT.
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▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●  nimirum  ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬ ◖ENDING CENSHORSIP ONLINE◗  ◖ ICO OPEN NOW◗ ▬▬▬

m30188

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Re: Reserved
October 08, 2014, 11:19:15 pm

It's a reserved spot to pre-announce an announcement ABOUT AN ANNOUNCEMENT.
This is an observation of a comment about a reserved spot to pre-announce an announcement about an announcement.
IMPORTANT: I NO LONGER SUPPORT NXT OR ITS COMMUNITY.
NEW COMERS SHOULD DO THEIR DUE DILIGENCE TO AVOID BEING SCAMMED.

sv3n

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Re: Reserved
October 08, 2014, 11:26:46 pm

Reserving this spot for future posts about reserving threads for undisclosed future use for posting posts
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2Kool4Skewl

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Re: Reserved
October 09, 2014, 01:57:32 am

We are the descendants of Bitcoin.  We are the continuation of the cause it started, but that perished with its centralization.
An economic system is a manifestation of an ideology.  What was lost, we shall reclaim.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

pf

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Sorry guys, haha, I had to reserve the thread in order to make a tinyURL for the asset description. :)
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satoshi

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welcome to the ltcgear related NXT AE asset issuer club.  ;D

Unique approach, nicely priced will be interesting to see what the payouts are.

All the best and long live ltcgear  :)
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬  ▄▀▀▀▀▀▀▀▀▄  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
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Cryptographer

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Nice idea pf!
LTCshare2G - ID 2128300325778905751 ColdHash - ID 11632121299907478243

Sebastien256

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How can price stay at 1 Nxt if "LTCGear having a multiplication interval of 1.35x every 45 days" won't this be higher than the difficulty and increase overall payout of HRLTCGEAR, so increasing its value more than it initial 1 Nxt price?

Or I don't understand what you do with the LTCGear multiplication, please explain.
« Last Edit: October 09, 2014, 07:50:35 am by Sebastien256 »
Please drop your ideas concerning Nxt and/or NRS in this topic -> List of feature request for Nxt and/or NRS (with the full list in OP).

rlh

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Why did I have to read this in the morning, when I'm at work and not near my client to buy!

Awesome to hear, and I'll try to pick up som share tonight.

:D
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