This is the official announcement of our secondary asset issue at NXT asset exchange.
Account: NXT-6MVF-XTDR-MDTK-DPHEU
Asset Id: 7474435909229872610
Name: Coinomat1
IPO price: 2 NXT
As you probably know we had a successful issue of Coinomat asset. It was sold out within 24 hours, and we received many requests about the secondary issue. After the integration of NXT in our services we make a secondary offering of our stock. We will have our total IPO on NXT platform, no further Coinomat.com stock will be issued in future, neither on NXT or any other platform. Total volume of both IPO's is 7,000,000 NXT which is approximately our initial target of 500 BTC. That means that it is not a dilution of issued stock, this is the full IPO.
The secondary issue will be offered at IPO price of 2 NXT per share, which is approximately equal to the current market price of the initial issue. This is done to prevent any market arbitrage between the issues.
The dividend payments will be made on the same principle as before, that is 1.5% of the total transaction volume is paid out to shareholders, based on the total sold stock at IPO price. To make it clearer: coinomat asset sold for 1 mil. NXT, that is we pay 1.5%/7 of the transaction volume to our shareholders now. If we sell the second issue completely the whole 1.5% will be paid to all shareholders.
Important: to compensate the rise in market price from 1 NXT to 2 NXT per share for the first issue the dividend payments for the first issue shareholders are doubled. In this way the first and the second issue become equivalent in market price and dividend payments. This is not an easy decision, since we will have to pay more, but it seems to be fair. When the total stock is sold it will increase our payments by approximately 15%.
Real - time transaction volume statistics can be monitored at
http://coinomat.com/globalstat.php. The dividend payouts will be processed as before on Mondays.
You probably know our service by now, currently we are working on the following:
- SEPA transfers for European cutomers
- Debit card withdrawal solution for cryptocurrencies
- Merchant platform
Last week we launched a local Vietnamese cryptocurrency exchange service (coindesk article
http://www.coindesk.com/first-live-bitcoin-exchange-opens-vietnam/)
Our transaction volume is growing steadily so will your dividend payments.
Please ask any questions you might have.