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[PRE-ANN] Cryptoasset.fund asset singapore
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coinomat

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[PRE-ANN] Cryptoasset.fund asset
« on: August 25, 2015, 08:49:38 am »




Cryptoasset.fund is a venture fund investing in cryptocurrency related projects.
It will serve as an umbrella fund for all Coinomat projects, both current and future.



At launch it will hold the shares in the following projects:

т˜… Coinomat.com (approximately 10%)
т˜… MMNXT (approximately 10% of the outstanding shares)
т˜… EIX (approximately 10% of the outstanding shares)
т˜… MMBTCD (~15% of the outstanding shares)

It makes initial Net Asset Value of the fund to be in the range of ~ 3 mil NXT.
MMNXT shares are "sleeping", that is the dividend is not paid to them. They will be released when MMNXT price reaches 2 NXT. All the other assets pay dividend.




There are several projects to be started in the upcoming months, the list is being finalized, the first three projects to be launched are:

т˜… Forkpay.net, merchant plugin for chrome/firefox, based on Coinomat API
т˜… Morze.us, cryptomessenger for open communication channels, supporting value transfer in the form of custom vouchers. Based on Coinomat API
т˜… Crypto DNS project, website will be online soon, DNS server plugin and domain registration system on blockchain. The service will sell, register on Namecoin and NXT blockchains custom crypto domains (such as .bit and .nxt) and will provide DNS server to resolve them (like google's 8.8.8.8)



If you want to cooperate with us on some projects or have ideas for new projects please let me know. Also if you want us to invest in your AE asset that can also be discussed.

There will be 1 million asset issued. 90% of assets will be sold during IPO, which starts on September 15. Most part of the remaining NXT will be offered to key NXT community services with a discount or donated. I do not intend to hold a significant stake in the issue.



IPO will be made in a light form of reverse dutch auction. Starting from September, 7 potential shareholders will be able to put their bid orders on Asset Exchange. If the total demand for the asset exceeds the total supply the asset will be sold at the minimum bid price which satisfies the demand. Otherwise the asset will be sold at initial price of 10 NXT. It should guarantee more even distribution of the asset. Cryptoasset.fund asset will launched and managed based on our previous AE experience, and we'll do our best to make a perfect Asset Exchange asset out of it.





« Last Edit: September 16, 2015, 09:11:09 am by coinomat »
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whale

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #1 on: August 25, 2015, 09:54:53 am »

Count me in! You have a solid record of delivering on your promises. I'm sure that won't be any different with this asset  :)

Good luck 
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rubenbc

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #2 on: August 25, 2015, 10:34:38 am »

I take place in your IPO. good luck
 pd: a little giveaway for new forum people can be good idea

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #3 on: August 25, 2015, 03:34:30 pm »


until then there is still plenty of time to post details- surely you will do that?!
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coinomat

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #4 on: August 26, 2015, 08:26:20 am »

Of course,
this is a pre-ann,  I want to make a good community asset, so I'm ready to hear  suggestions if someone has some.
Within a couple days I'll announce IPO price, asset structure, dividend schedule, the list of participating subprojects.
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coinomat

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #5 on: August 27, 2015, 10:41:28 am »

Preliminary fund structure and IPO details:
Cryptoasset.fund is a venture fund investing in cryptocurrency related projects. It will serve as an umbrella fund for all Coinomat projects, both current and future.

At launch it will hold the shares in the following projects:

- Coinomat.com (approximately 10%)
- MMNXT (approximately 10% of the outstanding shares)
- EIX  (approximately 10% of the outstanding shares)
- MMBTCD (~15% of the outstanding shares)
It makes initial Net Asset Value of the fund to be in the range of ~ 3 mil NXT
MMNXT shares are "sleeping", that is the dividend is not paid to them. They will be released when MMNXT price reaches 2 NXT. All the other assets pay dividend.

There are several projects to be started in the upcoming months, the list is being finalized, the first three projects to be launched are:

- Forkpay.net, merchant plugin for chrome/firefox, based on Coinomat API
- Morze.us, cryptomessenger for open communication channels, supporting value transfer in the form of custom vouchers. Based on Coinomat API
- Crypto DNS project, website will be online soon, DNS server plugin and domain registration system on blockchain. The service will sell, register on Namecoin and NXT blockchains custom crypto domains (such as .bit and .nxt) and will provide DNS server to resolve them (like google's 8.8.8.8)

If you want to cooperate with us on some projects or have ideas for new projects please let me know.

There will be 1 million asset issued. 90% of assets will be sold during IPO, which starts on September 15.  Most part of the remaining NXT will be offered to key NXT community services with a discount or donated. I do not intend to hold a significant stake in the issue.

IPO will be made in a light form of reverse dutch auction. Starting from September, 7 potential shareholders will be able to put their bid orders on Asset Exchange.  If the total demand for the asset exceeds the total supply the asset will be sold at the minimum bid price which satisfies the demand. Otherwise the asset will be sold at initial price of 10 NXT. I think it should guarantee more even distribution of the asset.

Please feel free to comment and ask questions. Also please suggest what share of the profits  you would like to get paid out as dividends and what share used to support the asset price by setting the buy walls.
« Last Edit: August 27, 2015, 02:35:55 pm by coinomat »
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KarlKarlsson

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #6 on: August 27, 2015, 12:24:13 pm »

I doubt that you will sell the whole 90% during the IPO, 90m NXT is a lot  ;) Anyway, I will take part in the IPO, looking forward to such a massive fund!
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LibertyNow

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #7 on: August 27, 2015, 01:15:26 pm »

Preliminary fund structure and IPO details:
Cryptoasset.fund is a venture fund investing in cryptocurrency related projects. It will serve as an umbrella fund for all Coinomat projects, both current and future.

At launch it will hold the shares in the following projects:

- Coinomat.com (approximately 10%)
- MMNXT (approximately 10% of the outstanding shares)
- EIX  (approximately 10% of the outstanding shares)
- MMBTCD (~15% of the outstanding shares)
It makes initial Net Asset Value of the fund to be in the range of ~ 3 mil NXT
MMNXT shares are "sleeping", that is the dividend is not paid to them. They will be released when MMNXT price reaches 2 NXT. All the other assets pay dividend.

There are several projects to be started in the upcoming months, the list is being finalized, the first three projects to be launched are:

- Forkpay.net, merchant plugin for chrome/firefox, based on Coinomat API
- Morze.us, cryptomessenger for open communication channels, supporting value transfer in the form of custom vouchers. Based on Coinomat API
- Crypto DNS project, website will be online soon, DNS server plugin and domain registration system on blockchain. The service will sell, register on Namecoin and NXT blockchains custom crypto domains (such as .bit and .nxt) and will provide DNS server to resolve them (like google's 8.8.8.8)

If you want to cooperate with us on some projects or have ideas for new projects please let me know.

There will be 10 million asset issued. 90% of assets will be sold during IPO, which starts on September 15.  Most part of the remaining NXT will be offered to key NXT community services with a discount or donated. I do not intend to hold a significant stake in the issue.

IPO will be made in a light form of reverse dutch auction. Starting from September, 7 potential shareholders will be able to put their bid orders on Asset Exchange.  If the total demand for the asset exceeds the total supply the asset will be sold at the minimum bid price which satisfies the demand. Otherwise the asset will be sold at initial price of 10 NXT. I think it should guarantee more even distribution of the asset.

Please feel free to comment and ask questions. Also please suggest what share of the profits  you would like to get paid out as dividends and what share used to support the asset price by setting the buy walls.

Do you have a business plan anywhere on how these projects will make money?
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coinomat

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #8 on: August 27, 2015, 01:53:00 pm »

I doubt that you will sell the whole 90% during the IPO, 90m NXT is a lot  ;) Anyway, I will take part in the IPO, looking forward to such a massive fund!
Sorry, fixed.
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coinomat

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #9 on: August 27, 2015, 02:37:42 pm »

Naturally, all these projects will have their own threads with more info.
Preliminary fund structure and IPO details:
Cryptoasset.fund is a venture fund investing in cryptocurrency related projects. It will serve as an umbrella fund for all Coinomat projects, both current and future.

At launch it will hold the shares in the following projects:

- Coinomat.com (approximately 10%)
- MMNXT (approximately 10% of the outstanding shares)
- EIX  (approximately 10% of the outstanding shares)
- MMBTCD (~15% of the outstanding shares)
It makes initial Net Asset Value of the fund to be in the range of ~ 3 mil NXT
MMNXT shares are "sleeping", that is the dividend is not paid to them. They will be released when MMNXT price reaches 2 NXT. All the other assets pay dividend.

There are several projects to be started in the upcoming months, the list is being finalized, the first three projects to be launched are:

- Forkpay.net, merchant plugin for chrome/firefox, based on Coinomat API
- Morze.us, cryptomessenger for open communication channels, supporting value transfer in the form of custom vouchers. Based on Coinomat API
- Crypto DNS project, website will be online soon, DNS server plugin and domain registration system on blockchain. The service will sell, register on Namecoin and NXT blockchains custom crypto domains (such as .bit and .nxt) and will provide DNS server to resolve them (like google's 8.8.8.8)

If you want to cooperate with us on some projects or have ideas for new projects please let me know.

There will be 10 million asset issued. 90% of assets will be sold during IPO, which starts on September 15.  Most part of the remaining NXT will be offered to key NXT community services with a discount or donated. I do not intend to hold a significant stake in the issue.

IPO will be made in a light form of reverse dutch auction. Starting from September, 7 potential shareholders will be able to put their bid orders on Asset Exchange.  If the total demand for the asset exceeds the total supply the asset will be sold at the minimum bid price which satisfies the demand. Otherwise the asset will be sold at initial price of 10 NXT. I think it should guarantee more even distribution of the asset.

Please feel free to comment and ask questions. Also please suggest what share of the profits  you would like to get paid out as dividends and what share used to support the asset price by setting the buy walls.

Do you have a business plan anywhere on how these projects will make money?
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LibertyNow

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #10 on: August 27, 2015, 03:06:25 pm »

Naturally, all these projects will have their own threads with more info.
Preliminary fund structure and IPO details:
Cryptoasset.fund is a venture fund investing in cryptocurrency related projects. It will serve as an umbrella fund for all Coinomat projects, both current and future.

At launch it will hold the shares in the following projects:

- Coinomat.com (approximately 10%)
- MMNXT (approximately 10% of the outstanding shares)
- EIX  (approximately 10% of the outstanding shares)
- MMBTCD (~15% of the outstanding shares)
It makes initial Net Asset Value of the fund to be in the range of ~ 3 mil NXT
MMNXT shares are "sleeping", that is the dividend is not paid to them. They will be released when MMNXT price reaches 2 NXT. All the other assets pay dividend.

There are several projects to be started in the upcoming months, the list is being finalized, the first three projects to be launched are:

- Forkpay.net, merchant plugin for chrome/firefox, based on Coinomat API
- Morze.us, cryptomessenger for open communication channels, supporting value transfer in the form of custom vouchers. Based on Coinomat API
- Crypto DNS project, website will be online soon, DNS server plugin and domain registration system on blockchain. The service will sell, register on Namecoin and NXT blockchains custom crypto domains (such as .bit and .nxt) and will provide DNS server to resolve them (like google's 8.8.8.8)

If you want to cooperate with us on some projects or have ideas for new projects please let me know.

There will be 10 million asset issued. 90% of assets will be sold during IPO, which starts on September 15.  Most part of the remaining NXT will be offered to key NXT community services with a discount or donated. I do not intend to hold a significant stake in the issue.

IPO will be made in a light form of reverse dutch auction. Starting from September, 7 potential shareholders will be able to put their bid orders on Asset Exchange.  If the total demand for the asset exceeds the total supply the asset will be sold at the minimum bid price which satisfies the demand. Otherwise the asset will be sold at initial price of 10 NXT. I think it should guarantee more even distribution of the asset.

Please feel free to comment and ask questions. Also please suggest what share of the profits  you would like to get paid out as dividends and what share used to support the asset price by setting the buy walls.

Do you have a business plan anywhere on how these projects will make money?

Will this information be available before the IPO on September 15?
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coinomat

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #11 on: August 27, 2015, 03:12:56 pm »

Naturally, all these projects will have their own threads with more info.
Preliminary fund structure and IPO details:
Cryptoasset.fund is a venture fund investing in cryptocurrency related projects. It will serve as an umbrella fund for all Coinomat projects, both current and future.

At launch it will hold the shares in the following projects:

- Coinomat.com (approximately 10%)
- MMNXT (approximately 10% of the outstanding shares)
- EIX  (approximately 10% of the outstanding shares)
- MMBTCD (~15% of the outstanding shares)
It makes initial Net Asset Value of the fund to be in the range of ~ 3 mil NXT
MMNXT shares are "sleeping", that is the dividend is not paid to them. They will be released when MMNXT price reaches 2 NXT. All the other assets pay dividend.

There are several projects to be started in the upcoming months, the list is being finalized, the first three projects to be launched are:

- Forkpay.net, merchant plugin for chrome/firefox, based on Coinomat API
- Morze.us, cryptomessenger for open communication channels, supporting value transfer in the form of custom vouchers. Based on Coinomat API
- Crypto DNS project, website will be online soon, DNS server plugin and domain registration system on blockchain. The service will sell, register on Namecoin and NXT blockchains custom crypto domains (such as .bit and .nxt) and will provide DNS server to resolve them (like google's 8.8.8.8)

If you want to cooperate with us on some projects or have ideas for new projects please let me know.

There will be 10 million asset issued. 90% of assets will be sold during IPO, which starts on September 15.  Most part of the remaining NXT will be offered to key NXT community services with a discount or donated. I do not intend to hold a significant stake in the issue.

IPO will be made in a light form of reverse dutch auction. Starting from September, 7 potential shareholders will be able to put their bid orders on Asset Exchange.  If the total demand for the asset exceeds the total supply the asset will be sold at the minimum bid price which satisfies the demand. Otherwise the asset will be sold at initial price of 10 NXT. I think it should guarantee more even distribution of the asset.

Please feel free to comment and ask questions. Also please suggest what share of the profits  you would like to get paid out as dividends and what share used to support the asset price by setting the buy walls.

Do you have a business plan anywhere on how these projects will make money?

Will this information be available before the IPO on September 15?
Yes!
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PureVision

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #12 on: August 27, 2015, 04:28:41 pm »

10% outstanding shares from mmnxt?
Are you talking about the 40.000.000 shares that are in escrow?
Shares that would not be released from escrow until the price hits 2nxt.
So how is it possible to have them included in the fund at launch?
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Arkh

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #13 on: August 27, 2015, 04:41:37 pm »



10% outstanding shares from mmnxt?
Are you talking about the 40.000.000 shares that are in escrow?
Shares that would not be released from escrow until the price hits 2nxt.
So how is it possible to have them included in the fund at launch?


The outstanding MMNXT shares are currently around 8 mil, so I guess it's gonna be around 800k mmnxt -ish.




@coinomat : Is it possible to use this asset ( or another solution ? ) to bring more liquidity to the AE ? Some spread on assets are pretty big even when there is a decent volume ( mgwBTC for example ) and reducing the spread will make people more confident to trade on the AE.

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PureVision

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #14 on: August 27, 2015, 05:28:27 pm »


The outstanding MMNXT shares are currently around 8 mil, so I guess it's gonna be around 800k mmnxt -ish.




@coinomat : Is it possible to use this asset ( or another solution ? ) to bring more liquidity to the AE ? Some spread on assets are pretty big even when there is a decent volume ( mgwBTC for example ) and reducing the spread will make people more confident to trade on the AE.

From the MMNXT thread:

So new chapter in MMNXT history starts, here we go.
As you know 40 mil shares were transferred to escrow, provided by Whale.  Around 700 k were transfered to NXT-LS4D-ZRUN-QBDN-8JGMG, this is one of our NXT AE bot account, which makes market in MMNXT. No assets will be transferred from that account. Also no dividend will be paid to this account, of course. The issuing account does not have any more shares, and no more shares will be released till the price exceeds 2 NXT.


As an investor in MMNXT, I'm just wondering where the 10% MMNXT is coming from.
« Last Edit: August 27, 2015, 05:30:57 pm by PureVision »
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KarlKarlsson

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #15 on: August 27, 2015, 05:39:25 pm »

In the describtion it says that those 10% MMNXT do NOT pay dividends until share price reaches 2 NXT. If that's the case once, they are allowed to put more shares on the market anyways. It's all good...


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coinomat

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #16 on: August 27, 2015, 05:53:22 pm »

They were in the market making account all the time
NXT-LS4D-ZRUN-QBDN-8JGMG
Dividends were not paid to them
I will move them to the fund's account
Since the dividends won't be paid it can't have a significant effect on anything
it's just I want that some shares of MMNXT are in the fund too.

The outstanding MMNXT shares are currently around 8 mil, so I guess it's gonna be around 800k mmnxt -ish.




@coinomat : Is it possible to use this asset ( or another solution ? ) to bring more liquidity to the AE ? Some spread on assets are pretty big even when there is a decent volume ( mgwBTC for example ) and reducing the spread will make people more confident to trade on the AE.

From the MMNXT thread:

So new chapter in MMNXT history starts, here we go.
As you know 40 mil shares were transferred to escrow, provided by Whale.  Around 700 k were transfered to NXT-LS4D-ZRUN-QBDN-8JGMG, this is one of our NXT AE bot account, which makes market in MMNXT. No assets will be transferred from that account. Also no dividend will be paid to this account, of course. The issuing account does not have any more shares, and no more shares will be released till the price exceeds 2 NXT.


As an investor in MMNXT, I'm just wondering where the 10% MMNXT is coming from.
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PureVision

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #17 on: August 28, 2015, 12:27:12 pm »

Thanks for the clarification  :)
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Nxtblg

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #18 on: August 31, 2015, 04:38:18 pm »

They were in the market making account all the time
NXT-LS4D-ZRUN-QBDN-8JGMG

That's what I figured...
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leo+

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Re: [PRE-ANN] Cryptoasset.fund asset
« Reply #19 on: September 01, 2015, 03:31:16 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.
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