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Nice dividends as always. And on time again!

Hi coinomat,

Could you provide a roadmap of what is planned for the comming weeks or months for your business? There is only few informations available about what you are doing on your side. Please share with us.

Thanks.

I do it every week basically.
To recap: we started spread trading bots and are returning to alts arbitrage now. The idea behind all our bots is picking up risk free profits through various arbitrage opportunities so we can provide stable payouts.

Quote from: coinomat on April 26, 2015, 07:23:11 am

Quote from: Sebastien256 on April 25, 2015, 10:00:08 pm

Hi coinomat,

Could you provide a roadmap of what is planned for the comming weeks or months for your business? There is only few informations available about what you are doing on your side. Please share with us.

Thanks.

I do it every week basically.
To recap: we started spread trading bots and are returning to alts arbitrage now. The idea behind all our bots is picking up risk free profits through various arbitrage opportunities so we can provide stable payouts.

I mean comming weeks or months. Status of your business in term or your objectives , projections, number of people that work mmnnxt, how many different bots you have devellop so, anything you could think of that it would be interesting for your investors... I mean give us some meat please. The problem i have is I dont see much progression and would like to understand what is going on. You pay steady dividends, which is good, but I would like some more detailed, if you can share. If you dont want to, just say so and im fine with the decision you make. Thanks

Well I planned some more detailed status report at the end of the month.
Anyways,
Currently we're running the following bots:
- NXT AE MM bot
- BTC LTC DRK MM bots running on neural nets
- Finex OKcoin spread trading BOT
- BTC-E swing trading bot

All bots are set up in such a way so they produce almost risk-free profits. Even swing trading bots  runs on very short stop losses.
Arbitrage bots are currently on hold, we will return to them now, they seem to be a lot of hassle, probably we need a dedicated coder who has fun with them on constant basis.

Currently there are four coders and me working on this, two Russian guys and two guys in Germany (well they are Russians too ) Two guys in Germany are physics PhD's.

I do the organizational stuff and write technical assignments Unfortunately don't code myself now.

What I plan to do now - fully develop spread bots, and double down on alts arbitrage. Basically I want to exploit all different arbitrage opportunities which emerge in cryptocurrency trading, one by one.

What happens when two successful arbitrage bots meet? Like MMNXT and LIQUID? Do they fight, or get confused/crash, or do they just reach a gentlemen's understanding and go about their respective businesses?

What happens when two successful arbitrage bots meet? Like MMNXT and LIQUID? Do they fight, or get confused/crash, or do they just reach a gentlemen's understanding and go about their respective businesses?

They would compete Nothing wrong with that.

Quote from: Cassius on April 26, 2015, 12:50:52 pm

What happens when two successful arbitrage bots meet? Like MMNXT and LIQUID? Do they fight, or get confused/crash, or do they just reach a gentlemen's understanding and go about their respective businesses?

it all depends on how the bots are coded. If one bot dominates the other, it can turn it into a money pump. After all a bot is looking at the market which includes all participants, another bot is not any special.

Quote from: jl777 on April 27, 2015, 09:08:22 am

Quote from: jeezy on April 27, 2015, 08:56:15 am

Quote from: Cassius on April 26, 2015, 12:50:52 pm

What happens when two successful arbitrage bots meet? Like MMNXT and LIQUID? Do they fight, or get confused/crash, or do they just reach a gentlemen's understanding and go about their respective businesses?

it all depends on how the bots are coded. If one bot dominates the other, it can turn it into a money pump. After all a bot is looking at the market which includes all participants, another bot is not any special.

I was wondering what likely scenarios would be when MMNXT met LIQUID, and then a SuperNET bot when they're up and running.
Maybe it would be like Japanese fighting fish in that James Bond film. One would hang back and let the others slug it out, and then come in fresh and the end to destroy them both.

nothing so dramatic.

each bot will have rules it follows to make trades. if it sees a trade that fits, it does.
with more bots, each both will get a smaller percentage of trades, but there will be more trades, so overall it will be a neutral effect (assuming equal bot intelligence)

Okay so all I need to do is develop a Anti-Bot Bot to exploit their trades.

Quote from: Cassius on April 27, 2015, 09:17:42 am

Quote from: jl777 on April 27, 2015, 09:08:22 am

Quote from: jeezy on April 27, 2015, 08:56:15 am

Quote from: Cassius on April 26, 2015, 12:50:52 pm

What happens when two successful arbitrage bots meet? Like MMNXT and LIQUID? Do they fight, or get confused/crash, or do they just reach a gentlemen's understanding and go about their respective businesses?

it all depends on how the bots are coded. If one bot dominates the other, it can turn it into a money pump. After all a bot is looking at the market which includes all participants, another bot is not any special.

I was wondering what likely scenarios would be when MMNXT met LIQUID, and then a SuperNET bot when they're up and running.
Maybe it would be like Japanese fighting fish in that James Bond film. One would hang back and let the others slug it out, and then come in fresh and the end to destroy them both.

LOL, I love your imagination, Cassius. If only real bot trading was that exciting....

In my mind, there were cheerleaders too. And chilli dogs. And some other stuff.
This is why it's so hard to get people into crypto.

Are there any plans to cap dividends to any account who holds less than, say, 10 or 20 assets?

This would save fees for sending out 1/3rd of a NXT or whatever. I think people holding a very small amount probably do it to keep the asset bookmarked in their browser over two or three computers, or for sending a handful to a newbie so that they have the correct number. I don't think very low bag holders would be bothered about the cap.