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Author Topic: MMNXT - market making and arbitrage fund for NXT AE.  (Read 242491 times)

Cassius

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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #680 on: July 22, 2015, 08:53:25 am »

It would be far, far easier if all assets were dealt with this way, or none. Or that a proportion of revenues went to buying MMNXT, like E9 will do. Then MMNXT will own more and more MMNXT, leading to higher future dividends...
Of course this would probably require a vote.
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Sebastien256

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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #681 on: July 22, 2015, 08:59:16 am »

It would be far, far easier if all assets were dealt with this way, or none. Or that a proportion of revenues went to buying MMNXT, like E9 will do. Then MMNXT will own more and more MMNXT, leading to higher future dividends...
Of course this would probably require a vote.

I agree with you Cassius. It would be far easier. It would also be nice to use the new voting system to know what the holder think. The voting system could be use to find what pourcentage reinvestment the majority would like.
« Last Edit: July 22, 2015, 09:01:45 am by Sebastien256 »
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coinomat

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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #682 on: July 24, 2015, 10:04:20 am »

Hi coinomat,

It would be nice if you could offer an hybrid dividend system where we can automatically reinvest part of our dividends. I would myself participate, but the thing is I don't want to manage it from my side, so I currently not reinvesting.

By sending a specific format Nxt message to a specific Nxt address, everyone could choose the amount of % they want to reinvest. Of course some scripting would be need, but that is possible.

What you think of this? Surely it would help to put buying pressure on the price.
Doable, but you would have to get some more MMNXT in return, right? It's all escrowed now....

I meant to buy back mmnxt asset on the market before distributing dividend, X% in Nxt and 100-X% in mmnxt asset where X could be different for each account. I do not want to dilute further the number of mmnxt asset. Is this a good idea?

Oh
that might make sense!
what to do with the assets which have been bought back?
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coinomat

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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #683 on: July 24, 2015, 10:08:23 am »

Weekly:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8112667
Summary of proposed distribution of  46884NXT to 373 assetholders
Based on ownership at timestamp 52437665 (Fri, 24 Jul 2015 10:01:05 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

I feel the next bubble incoming :) Coinoindex almost hit its lowest value since inception.
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jlauzon

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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #684 on: July 24, 2015, 10:14:28 am »


Hi coinomat,

It would be nice if you could offer an hybrid dividend system where we can automatically reinvest part of our dividends. I would myself participate, but the thing is I don't want to manage it from my side, so I currently not reinvesting.

By sending a specific format Nxt message to a specific Nxt address, everyone could choose the amount of % they want to reinvest. Of course some scripting would be need, but that is possible.

What you think of this? Surely it would help to put buying pressure on the price.
Doable, but you would have to get some more MMNXT in return, right? It's all escrowed now....

I meant to buy back mmnxt asset on the market before distributing dividend, X% in Nxt and 100-X% in mmnxt asset where X could be different for each account. I do not want to dilute further the number of mmnxt asset. Is this a good idea?

Oh
that might make sense!
what to do with the assets which have been bought back?

From what I gather, he means that rather than receive NXT at 100% of the distributed dividend, just take the percentage requested and add those shares of MMNXT to his portfolio. I.e. Auto-invest without have to place a manual Buy order. Then he receives the remainder as a NXT dividend payment.

If I totally missed the point, just ignore this post.
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Sebastien256

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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #685 on: July 24, 2015, 10:45:42 am »


Hi coinomat,

It would be nice if you could offer an hybrid dividend system where we can automatically reinvest part of our dividends. I would myself participate, but the thing is I don't want to manage it from my side, so I currently not reinvesting.

By sending a specific format Nxt message to a specific Nxt address, everyone could choose the amount of % they want to reinvest. Of course some scripting would be need, but that is possible.

What you think of this? Surely it would help to put buying pressure on the price.
Doable, but you would have to get some more MMNXT in return, right? It's all escrowed now....

I meant to buy back mmnxt asset on the market before distributing dividend, X% in Nxt and 100-X% in mmnxt asset where X could be different for each account. I do not want to dilute further the number of mmnxt asset. Is this a good idea?

Oh
that might make sense!
what to do with the assets which have been bought back?

From what I gather, he means that rather than receive NXT at 100% of the distributed dividend, just take the percentage requested and add those shares of MMNXT to his portfolio. I.e. Auto-invest without have to place a manual Buy order. Then he receives the remainder as a NXT dividend payment.

If I totally missed the point, just ignore this post.

You exactly get it.  :)
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coinomat

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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #686 on: July 24, 2015, 11:05:41 am »


Hi coinomat,

It would be nice if you could offer an hybrid dividend system where we can automatically reinvest part of our dividends. I would myself participate, but the thing is I don't want to manage it from my side, so I currently not reinvesting.

By sending a specific format Nxt message to a specific Nxt address, everyone could choose the amount of % they want to reinvest. Of course some scripting would be need, but that is possible.

What you think of this? Surely it would help to put buying pressure on the price.
Doable, but you would have to get some more MMNXT in return, right? It's all escrowed now....

I meant to buy back mmnxt asset on the market before distributing dividend, X% in Nxt and 100-X% in mmnxt asset where X could be different for each account. I do not want to dilute further the number of mmnxt asset. Is this a good idea?

Oh
that might make sense!
what to do with the assets which have been bought back?

From what I gather, he means that rather than receive NXT at 100% of the distributed dividend, just take the percentage requested and add those shares of MMNXT to his portfolio. I.e. Auto-invest without have to place a manual Buy order. Then he receives the remainder as a NXT dividend payment.

If I totally missed the point, just ignore this post.

You exactly get it.  :)
Suggest what to do with the assets which are being bought back
wouldn't have a clear idea about this

there are coins doing it
they just burn them, as a rule
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Sebastien256

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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #687 on: July 24, 2015, 11:47:02 am »


Hi coinomat,

It would be nice if you could offer an hybrid dividend system where we can automatically reinvest part of our dividends. I would myself participate, but the thing is I don't want to manage it from my side, so I currently not reinvesting.

By sending a specific format Nxt message to a specific Nxt address, everyone could choose the amount of % they want to reinvest. Of course some scripting would be need, but that is possible.

What you think of this? Surely it would help to put buying pressure on the price.
Doable, but you would have to get some more MMNXT in return, right? It's all escrowed now....

I meant to buy back mmnxt asset on the market before distributing dividend, X% in Nxt and 100-X% in mmnxt asset where X could be different for each account. I do not want to dilute further the number of mmnxt asset. Is this a good idea?

Oh
that might make sense!
what to do with the assets which have been bought back?

From what I gather, he means that rather than receive NXT at 100% of the distributed dividend, just take the percentage requested and add those shares of MMNXT to his portfolio. I.e. Auto-invest without have to place a manual Buy order. Then he receives the remainder as a NXT dividend payment.

If I totally missed the point, just ignore this post.

You exactly get it.  :)
Suggest what to do with the assets which are being bought back
wouldn't have a clear idea about this

there are coins doing it
they just burn them, as a rule

As state by jlauzon, the asset bought back buy you shall be redistribute as dividend, because people would have pay for it. Don't burn them, otherwise you would burn investor money and I don't think people would like that  :D.
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Cassius

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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #688 on: July 24, 2015, 01:37:59 pm »

Would it not make most sense to buy back MMNXT on the open market with, say, 25% of the dividend, and hold these in the MMNXT account? That way, MMNXT would own an increasing number of its own assets. It would get paid dividends from these assets, so the remaining assetholders would get higher dividends every week (though in the short term, dividends would drop 25%; however, asset price would increase).

You could, of course, do this yourself by reinvesting dividends in MMNXT, but if there's enough interest for the idea it might make sense to do it on the level of the asset itself.
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Sebastien256

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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #689 on: July 24, 2015, 02:14:37 pm »

Would it not make most sense to buy back MMNXT on the open market with, say, 25% of the dividend, and hold these in the MMNXT account? That way, MMNXT would own an increasing number of its own assets. It would get paid dividends from these assets, so the remaining assetholders would get higher dividends every week (though in the short term, dividends would drop 25%; however, asset price would increase).

You could, of course, do this yourself by reinvesting dividends in MMNXT, but if there's enough interest for the idea it might make sense to do it on the level of the asset itself.

I guess this might be ok to some, but maybe not to all. I prefer to receive my dividend in both NXT and MMNXT asset because if you don't want to participate, you can still put on sell the surplus asset. If MMNXT keep the asset, those who don't want to participate have no choice but to participate.

Edit: note that I want to particpate, just saying counter example for those who may not want to.
« Last Edit: July 24, 2015, 02:17:08 pm by Sebastien256 »
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Cassius

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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #690 on: July 24, 2015, 02:16:55 pm »

Would it not make most sense to buy back MMNXT on the open market with, say, 25% of the dividend, and hold these in the MMNXT account? That way, MMNXT would own an increasing number of its own assets. It would get paid dividends from these assets, so the remaining assetholders would get higher dividends every week (though in the short term, dividends would drop 25%; however, asset price would increase).

You could, of course, do this yourself by reinvesting dividends in MMNXT, but if there's enough interest for the idea it might make sense to do it on the level of the asset itself.

I guess this might be ok to some, but maybe not to all. I prefer to receive my dividend in both NXT and MMNXT asset because if you don't want to participate, you can still put on sell the surplus asset. If MMNXT keep the asset, those who don't want to participate have no choice but to participate.

Oh, I see. Yes, it would be much the same, I suppose. The analogue for my version would simply be selling a small proportion of your holdings each week, since they would be increasing in value. Same difference really.
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Sebastien256

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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #691 on: July 24, 2015, 02:18:05 pm »

I see ^^  :D
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Sebastien256

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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #692 on: July 25, 2015, 11:35:59 pm »


Suggest what to do with the assets which are being bought back
wouldn't have a clear idea about this

there are coins doing it
they just burn them, as a rule

As I understand from Cassius last post, burning them could be OK and same result as *mmnxt keeping them into it account and distributing the nxt received as dividend*, as that would lead to less share in circulation and thus would increase the share dividend per asset and increase NAV in the long run.

Would be nice to express a plan and make a poll so the the shareholder may express what they want about this.
« Last Edit: July 25, 2015, 11:46:40 pm by Sebastien256 »
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JamesList

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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #693 on: July 28, 2015, 04:04:49 pm »


Suggest what to do with the assets which are being bought back
wouldn't have a clear idea about this

there are coins doing it
they just burn them, as a rule

As I understand from Cassius last post, burning them could be OK and same result as *mmnxt keeping them into it account and distributing the nxt received as dividend*, as that would lead to less share in circulation and thus would increase the share dividend per asset and increase NAV in the long run.

Would be nice to express a plan and make a poll so the the shareholder may express what they want about this.

I like the idea. Would vote for it.
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jeff jefferson

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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #694 on: July 29, 2015, 04:25:26 pm »

so. whos dumping? any reasons?
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Arkh

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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #695 on: July 29, 2015, 04:53:53 pm »

Also are they any news about the buy back idea ?
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Sebastien256

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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #696 on: July 29, 2015, 05:01:18 pm »

I think coinomat has not log since 24. I think he will say something when he will log next time.
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coinomat

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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #697 on: July 30, 2015, 09:34:26 am »

Sorry guys I'm more on slack now
busy with various stuff cards bots etc

I can see that some hodlers really won't the price grow by sell walls, I don't want to tear them down on my own. I think this is a good opportunity to buy some cheap MMNXT, weekly dividend is stable, all is working fine.

There are some AE happenings which seem strange to me :)
anyway middle term prediction of MMNXT asset price is 1.4-1.5
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huafei

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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #698 on: July 30, 2015, 11:09:38 am »

which slack?
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Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #699 on: July 30, 2015, 12:16:35 pm »

SuperNET slack
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