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.
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Topic: [ANN] HRLTCGEAR - fixed price, 9wks & 100% ROI, 2.5+ mil dividends, ~27.5+GH (Read 177374 times)