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[PRE-ANN] Cryptoasset.fund asset
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Author Topic: [PRE-ANN] Cryptoasset.fund asset  (Read 92570 times)

coinomat

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #20 on: September 01, 2015, 09:05:42 pm »

What about the 15% of MMBTCD, where are these shares coming from? I thought the 600 000 remaining assets were not to be touched?

From the MMBTCD asset thread :
Quote
600,000 remaining assets have been sent to NXTinspect for escrow (tx 6380943481629195485). These may be used to raise further funds, as necessary, but only if the price reaches 10 NXT. None of the 200,000 assets retained by the issuers - Coinomat, Azeh, Cassius - will be sold below 10 NXT either.
They are mine, I hold 40,000 MMBTCD. No new shares will be touched of course.
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coinomat

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #21 on: September 02, 2015, 09:16:23 am »

Let's start to review some future projects

One of the first to be launched is Forkpay.net, browser plugin and merchant platform for payments in alts with instant BTC conversion. Also full scale merchant platform will be launched, which will allow to accept BTC and receive fiat by bank transfer.

The platform works using Coinomat API, browser plug-ins can already be used. Project revenues are a percentage of total transaction volume, in the range of 1.5-2%. Currently the full scale merchant solution should be launched and marketed.

There are several projects in the space, but the time for alts major acceptance is just coming, so there's still a lot of free space. The project which will be able to become one of the market leaders now can become really huge in near future.

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taggartd

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #22 on: September 02, 2015, 12:46:06 pm »

Hello Coinomat
about the new projects; in the future you will issue separate shares for each of them or they will be funded directly from cryptoasset.fund.
For example for Forkpay.net you will issue an assests for AE?

Thanks for the good work you are doing with your other assets  :)
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Omega

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #23 on: September 02, 2015, 05:47:10 pm »

This is interesting will watch this space more.  Great work Coinomat.
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coinomat

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #24 on: September 02, 2015, 08:18:51 pm »

Hello Coinomat
about the new projects; in the future you will issue separate shares for each of them or they will be funded directly from cryptoasset.fund.
For example for Forkpay.net you will issue an assests for AE?

Thanks for the good work you are doing with your other assets  :)
We will do both actually, yes. The fund will buy the assets from the new projects, but a part of the new issue will be offered at open market too.
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coinomat

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #25 on: September 03, 2015, 09:16:50 am »

Top post updated. Asset will be made on the 7th, so bids could be set. If you think that we might cooperate contact me, 10% of the issue is reserved for NXT services and community. Also part of the profits will be donated to key NXT infrastructure projects.
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coinomat

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #26 on: September 07, 2015, 10:02:41 am »

NXT  Asset exchange Asset ID: 5562590132594876791
ICO will take place in a week at the minimum price of 10 NXT. Place your bids, if the total bid amount exceeds the number of available shares the sell price will increase.
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rubenbc

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #27 on: September 07, 2015, 11:48:54 am »

Also part of the profits will be donated to key NXT infrastructure projects.
+1. good decision

Let's start to review some future projects

One of the first to be launched is Forkpay.net, browser plugin and merchant platform for payments in alts with instant BTC conversion. Also full scale merchant platform will be launched, which will allow to accept BTC and receive fiat by bank transfer.

The platform works using Coinomat API, browser plug-ins can already be used. Project revenues are a percentage of total transaction volume, in the range of 1.5-2%. Currently the full scale merchant solution should be launched and marketed.

There are several projects in the space, but the time for alts major acceptance is just coming, so there's still a lot of free space. The project which will be able to become one of the market leaders now can become really huge in near future.
sounds good! the service can be used with all banks?

Just curious: how many people are working with you?

NXT  Asset exchange Asset ID: 5562590132594876791
ICO will take place in a week at the minimum price of 10 NXT. Place your bids, if the total bid amount exceeds the number of available shares the sell price will increase.
Taking place at 10.00000000 NXT :D

good luck

coinomat

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #28 on: September 07, 2015, 01:19:36 pm »

Coinomat team is about 10 members now,
other projects which are in the works now are about the same size
Also part of the profits will be donated to key NXT infrastructure projects.
+1. good decision

Let's start to review some future projects

One of the first to be launched is Forkpay.net, browser plugin and merchant platform for payments in alts with instant BTC conversion. Also full scale merchant platform will be launched, which will allow to accept BTC and receive fiat by bank transfer.

The platform works using Coinomat API, browser plug-ins can already be used. Project revenues are a percentage of total transaction volume, in the range of 1.5-2%. Currently the full scale merchant solution should be launched and marketed.

There are several projects in the space, but the time for alts major acceptance is just coming, so there's still a lot of free space. The project which will be able to become one of the market leaders now can become really huge in near future.
sounds good! the service can be used with all banks?

Just curious: how many people are working with you?

NXT  Asset exchange Asset ID: 5562590132594876791
ICO will take place in a week at the minimum price of 10 NXT. Place your bids, if the total bid amount exceeds the number of available shares the sell price will increase.
Taking place at 10.00000000 NXT :D

good luck
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coinomat

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #29 on: September 08, 2015, 08:30:27 am »

240000 Coinomat1, 90000 MMBCD, 40000 EIX ,700000 MMNXT transferred to the issuing account. This is the initial portfolio upon which we will be building our fund. It will provide the dividends for the shareholders right after the fund's launch. Also more of the core fund assets will be bought from AE after launch.

The fund will hold at least 10% in all the future projects we will be working with.  Also some of the assets will be sent as dividends.
Please chime in regarding the distribution of profits, currently I have the following scheme in mind:

- 20% is retained by the fund as the management fee
- 50% is paid out as regular dividend
- 30% is kept in the issuing account in order to increase the fund's operational capital
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martismartis

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #30 on: September 08, 2015, 08:54:20 am »

NXT  Asset exchange Asset ID: 5562590132594876791
ICO will take place in a week at the minimum price of 10 NXT. Place your bids, if the total bid amount exceeds the number of available shares the sell price will increase.

Any exact time on 15 of september, when ICO will take place?
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coinomat

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #31 on: September 08, 2015, 09:03:50 am »

NXT  Asset exchange Asset ID: 5562590132594876791
ICO will take place in a week at the minimum price of 10 NXT. Place your bids, if the total bid amount exceeds the number of available shares the sell price will increase.

Any exact time on 15 of september, when ICO will take place?
Let's do it at 12.00 GMT
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coinomat

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #32 on: September 08, 2015, 05:09:56 pm »

New project in our portfolio is shylock.io! It is being launched together with Twinwinnerd who has an extensive experience with p2p lending at Bitcointalk.
This is going to be a fully automated crypto pawnshop, where you will be able to borrow funds providing crypto assets as collateral.
For example, you hold Supernet asset and expect it to rise soon. You spot a promising new coin and want to invest in it, but have no BTC. You can get a collateralized loan, by depositing your Supernet asset with shylock.io and receiving BTC in exchange. When you, hopefully, make profits with the coin you return the BTC with interest and get your Supernet asset back. The monthly interest will be in the range of 3-5%, and that's where the profits of the project come from.
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coinomat

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #33 on: September 09, 2015, 08:34:57 am »

Another portfolio project is bitnames.io
This is going to be a DNS and domain registration service focused on blockchain technology. The following services will be offered at launch:
- Registration of .bit domains (using Namecoin blockchain)
- Registration of .nxt domains (on NXT blockchain)
- custom DNS server to resolve the crypto domains. You just set it as your primary DNS (like google's 8.8.8.8) and can use all .bit and .nxt domains
- browser plugin which allows you not to change DNS servers

Profits will be made from domain registration.

Blockchain technology SHOULD revolutionize domain industry, and bitnames.io team will do their best to help make it happen.
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Nxtblg

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #34 on: September 09, 2015, 07:10:28 pm »

Another portfolio project is bitnames.io
This is going to be a DNS and domain registration service focused on blockchain technology. The following services will be offered at launch:
- Registration of .bit domains (using Namecoin blockchain)
- Registration of .nxt domains (on NXT blockchain)
- custom DNS server to resolve the crypto domains. You just set it as your primary DNS (like google's 8.8.8.8) and can use all .bit and .nxt domains
- browser plugin which allows you not to change DNS servers

Profits will be made from domain registration.

Blockchain technology SHOULD revolutionize domain industry, and bitnames.io team will do their best to help make it happen.

WOW! I've been waiting for someone to jump on that...
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coinomat

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #35 on: September 11, 2015, 10:55:12 am »

Profits and dividends information:
 50% of the funds profits will be distributed as dividend, 30% is retained for reinvesting, up to 3% will be donated to NXT services. The rest will be the management fee (which also can be reinvested, if we think that it makes sense)

Also at least 5% of the future asset issues will be distributed as dividends, for most projects probably more. So the payout structure is mixed, asset holders receive NXT payouts as well as shares in the new projects.  I think this is the best scheme which could be used for a blockchain based fund.
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tersagun

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #36 on: September 14, 2015, 07:47:48 am »

Hey guys,

just noticed about this new asset; need to check some other threads as well I guess :-)

It is probably obvious as noone else seems to get alarmed but I fail to understand. Can someone please explain the asset (MMNXT for instance) transfer to this new fund?

AFAIK, there were 50millions assets created so that they can be sold ==> generate capital  ==> coinomat uses the capital for his bots etc. The unsold assets were practically zero worth because they did not generate any capital to be used by coinomat. They didn't even "belong" to coinomat.

Now how come those 700k MMNXT assets are transfer to this new fund? Will the fund pay 700000*1.13NXT (current price) to the MMNXT pool so that the bots etc. can use the money? Those assets being "asleep" wouldn't change much; what happens if the price hits 2NXT and the fund sells all the 700k assets? I'm clearly missing a point here, please someone help me :D
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coinomat

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #37 on: September 14, 2015, 08:30:06 am »

Hi, I just wanted some MMNXT to be in the fund,
nothing will happen to them till the price reaches 2 NXT, no dividend is paid, no assets are sold.

When the price reaches 2 NXT we'll set up a vote, the option I have in mind is not to offer any new shares at AE but start paying dividend to the fund's shares.

Actually the fund will start buying MMNXT off the AE after launch, as well as several other assets with good profit potential.

Hey guys,

just noticed about this new asset; need to check some other threads as well I guess :-)

It is probably obvious as noone else seems to get alarmed but I fail to understand. Can someone please explain the asset (MMNXT for instance) transfer to this new fund?

AFAIK, there were 50millions assets created so that they can be sold ==> generate capital  ==> coinomat uses the capital for his bots etc. The unsold assets were practically zero worth because they did not generate any capital to be used by coinomat. They didn't even "belong" to coinomat.

Now how come those 700k MMNXT assets are transfer to this new fund? Will the fund pay 700000*1.13NXT (current price) to the MMNXT pool so that the bots etc. can use the money? Those assets being "asleep" wouldn't change much; what happens if the price hits 2NXT and the fund sells all the 700k assets? I'm clearly missing a point here, please someone help me :D
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tersagun

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #38 on: September 14, 2015, 08:36:10 am »

Thanks for the reply coinomat.

But why would a MMNXT holder agree on the fund getting dividens? The only effect it will have is paid MMNXT holders receiving less dividends.
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coinomat

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #39 on: September 14, 2015, 08:55:20 am »

Well
the idea was to offer some new shares of MMNXT for sale when the price is 2 NXT
so it's basically the same
But it will be up to shareholders to decide in any case.
What I want to highlight is no asset holders will be hurt, I launch the assets for the shareholders in the first place, there should be more good assets at AE.
Thanks for the reply coinomat.

But why would a MMNXT holder agree on the fund getting dividens? The only effect it will have is paid MMNXT holders receiving less dividends.
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