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Nxt Discussion => Nxt Projects => Cryptoasset.fund projects => Topic started by: coinomat on October 14, 2014, 02:36:14 pm

Title: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 14, 2014, 02:36:14 pm
Asset ID: 979292558519844732
Quantity: 50'000'000 Asset Decimals: 0


This is an automated trading fund for NXT asset exchange. Its goal is to provide market making for most liquid AE assets. Also we strive to move most of NXT trading to NXT AE Multigateway assets, thus providing additional liquidity for NXT which should assist in keeping its price more stable. Trading will be carried out at NXT Asset Exchange and other exchanges supporting NXT.

Trading is both long and short, that is you buy lower to sell higher and you sell higher to buy back lower. The profit is converted to NXT, also when trading MGW assets profit can also be realized in corresponding crypto, and converted to NXT afterwards.

There's 50 mil MMNXT shares. IPO will be carried out based on current projected monthly 10% profit, that means that initially around 2 mil shares at 1 NXT each will be sold. The fund will payout 60% of the profit, dividend payments will be made weekly on Fridays. The fund statistics will be published daily in this thread and at a special website mmnxt.com (not live yet).

Roadmap for the fund development:

October - November 2014:

NXT AE market making for the most liquid assets. MGW cryptocurrency assets Market Making (we also participate in MGW servers maintenance )

November 2014:

Arbitrage trading for BTER, Poloniex, Cryptsy.

We plan to trade on InstantDEX as soon as it's live.

We also run Bitcoin trading bots privately, they can be included in the fund portfolio in future based on its performance.

We believe that fund will be both profitable for shareholders and beneficial for NXT as a community, since it's based on the NXT most valuable asset - NXT Asset Exchange.


Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Cryptographer on October 14, 2014, 07:25:03 pm
Mmmmmm.... NXT... I like it :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 14, 2014, 07:38:45 pm
The first dividend will be paid on next Friday, the profit stats will start being posted the day after tomorrow.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: profitofthegods on October 14, 2014, 07:59:39 pm
The first dividend will be paid on next Friday, the profit stats will start being posted the day after tomorrow.

Looking forward to seeing how much we get, thanks.  :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Cryptographer on October 14, 2014, 08:41:39 pm
Hey coinomat, are you leaving the 40% of profit that isn't paid as dividend in the trading fund or taking it as profit?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 14, 2014, 08:47:15 pm
There is 20M for sale right now. 2M or 20M?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 14, 2014, 09:01:36 pm
Yes we intend to keep 40% of the profit, I should pay the current coder and there are two other coders that I plan to involve in this soon.
Hey coinomat, are you leaving the 40% of profit that isn't paid as dividend in the trading fund or taking it as profit?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 14, 2014, 09:02:09 pm
You're right, fixed, sorry.
There is 20M for sale right now. 2M or 20M?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 14, 2014, 09:08:07 pm
What you plan to do with the 48M shares that is left?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 14, 2014, 09:24:14 pm
I will sell them as the volume at NXT AE grows and as we engage additional markets. Currently it doesn't make sense to use more than 1-2 mil NXT for NXT AE market making bot.
What you plan to do with the 48M shares that is left?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 14, 2014, 09:25:02 pm
I will sell them as the volume at NXT AE grows and as we engage additional markets. Currently it doesn't make sense to use more than 1-2 mil NXT for NXT AE market making bot.
What you plan to do with the 48M shares that is left?

Thanks, this make sense. Are you going to add on CMC once your website is up?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 14, 2014, 09:26:21 pm
I will sell them as the volume at NXT AE grows and as we engage additional markets. Currently it doesn't make sense to use more than 1-2 mil NXT for NXT AE market making bot.
What you plan to do with the 48M shares that is left?

Will you sell in the bid or at market NAV?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 15, 2014, 07:15:38 am
What is the bot Nxt address? I don't remember it. Could you add in the first post. TY
The fact that the bot address is public is very valuable.

EDIT: Sorry If I ask a lot of questions, It is just that I found your asset very interesting.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 15, 2014, 07:22:08 am
Let's see how it goes, if all goes well and there's a demand for the fund shares I sell them at current market rate. Naturally 2,000,000 which are for sale now will be sold for 1 NXT.
I must say that I plan to grow along with NXT AE. If the NXT AE volume does not grow fast enough I'll add other trading robots I have, maybe even Forex one. I've been developing it for over two years by now.
I will sell them as the volume at NXT AE grows and as we engage additional markets. Currently it doesn't make sense to use more than 1-2 mil NXT for NXT AE market making bot.
What you plan to do with the 48M shares that is left?

Will you sell in the bid or at market NAV?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 15, 2014, 07:28:52 am
Current bot address is: 7443835548273827915
There's also other bot activity there, which I actually have nothing against and on the contrary fully support. The more bots the better. But naturally we will compete with them, so I plan to have several trading accounts to confuse them a little :)
Also there are some things in NXT AE implementation which make using several accounts more reasonable.
If you follow the bot profitability through nxtreporting.com please pay attention to the fact that the bot also goes short, i.e sells higher and buys back lower (so you have the same amount of asset and a little more NXT after the pair is closed). I believe they don't count it as profit there.
What is the bot Nxt address? I don't remember it. Could you add in the first post. TY
The fact that the bot address is public is very valuable.

EDIT: Sorry If I ask a lot of questions, It is just that I found your asset very interesting.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: cc001 on October 15, 2014, 08:04:33 am
If you follow the bot profitability through nxtreporting.com please pay attention to the fact that the bot also goes short, i.e sells higher and buys back lower (so you have the same amount of asset and a little more NXT after the pair is closed). I believe they don't count it as profit there.

well, if you buy low, and sell high, the difference is counted as profit (or loss, if you buy high and sell low ;) ).
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 15, 2014, 08:32:45 am
Might be, I'm not 100% sure how they calculate this, but it's definitely not the exact number but some estimate.
If you follow the bot profitability through nxtreporting.com please pay attention to the fact that the bot also goes short, i.e sells higher and buys back lower (so you have the same amount of asset and a little more NXT after the pair is closed). I believe they don't count it as profit there.

well, if you buy low, and sell high, the difference is counted as profit (or loss, if you buy high and sell low ;) ).
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: cc001 on October 15, 2014, 08:37:58 am
Might be, I'm not 100% sure how they calculate this

But I am, check my signature ;)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 15, 2014, 09:32:58 am
Wow sorry :) I will definitely have questions for you.
Might be, I'm not 100% sure how they calculate this

But I am, check my signature ;)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: cc001 on October 15, 2014, 09:38:04 am
Wow sorry :) I will definitely have questions for you.

sure, but maybe better here: https://nxtforum.org/index.php?topic=2175.0 (https://nxtforum.org/index.php?topic=2175.0)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on October 15, 2014, 09:46:34 am
There's also other bot activity there, which I actually have nothing against and on the contrary fully support. The more bots the better. But naturally we will compete with them, so I plan to have several trading accounts to confuse them a little :)

You confused me already with your zero sum trading during last 2-3 month.

:) it's not shown correctly. No idea how they calculate it actually. Probably they take some real time assets value, but it does not make sense, since they are being bought and sold constantly.
Nice profit/loss http://www.nxtreporting.com/?a=NXT-F7S9-WRV4-CVUF-AWFV5&c=USD (http://www.nxtreporting.com/?a=NXT-F7S9-WRV4-CVUF-AWFV5&c=USD) lol

Deposits - Withdrawals = +100000
Asset In - Assets Out = +482

100000+482 = 100482 = Total NXT that should be in the account (in  either assets or NXT)

Acutally in Account:
NXT = 21'414
NXT in Orders = 15'029
NXT is Assets = 56'000

NXT worth total in Account: 21414+15029+56000 = 92443

Netto Loss of 100482-92443 = 8039 NXT
(This netto loss is due to fees: 5700 NXT (71%)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 15, 2014, 09:58:10 am
We were testing the bot then, there are some surprises when trying to implement bot trading on NXT AE.
There's also other bot activity there, which I actually have nothing against and on the contrary fully support. The more bots the better. But naturally we will compete with them, so I plan to have several trading accounts to confuse them a little :)

You confused me already with your zero sum trading during last 2-3 month.

:) it's not shown correctly. No idea how they calculate it actually. Probably they take some real time assets value, but it does not make sense, since they are being bought and sold constantly.
Nice profit/loss http://www.nxtreporting.com/?a=NXT-F7S9-WRV4-CVUF-AWFV5&c=USD (http://www.nxtreporting.com/?a=NXT-F7S9-WRV4-CVUF-AWFV5&c=USD) lol

Deposits - Withdrawals = +100000
Asset In - Assets Out = +482

100000+482 = 100482 = Total NXT that should be in the account (in  either assets or NXT)

Acutally in Account:
NXT = 21'414
NXT in Orders = 15'029
NXT is Assets = 56'000

NXT worth total in Account: 21414+15029+56000 = 92443

Netto Loss of 100482-92443 = 8039 NXT
(This netto loss is due to fees: 5700 NXT (71%)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on October 15, 2014, 10:05:41 am
We were testing the bot then, there are some surprises when trying to implement bot trading on NXT AE.

So when you find out that your bot earning 10% per month then? I've been looking at the same zero-sum logic at your "new" account during last 11 days. How much did you made from that 80k at new acc? 500NXT? Was it testing too?

http://nxtreporting.com/?a=+NXT-LS4D-ZRUN-QBDN-8JGMG&c=USD new trading account which will be used for the fund.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 15, 2014, 10:41:27 am
How did you come up with this amount?
At NXTreporting it shows 4'044.77 NXT

Income

Today
    743.33621 NXT
For week
    4241.361653 NXT

This is our stats

We were testing the bot then, there are some surprises when trying to implement bot trading on NXT AE.

So when you find out that your bot earning 10% per month then? I've been looking at the same zero-sum logic at your "new" account during last 11 days. How much did you made from that 80k at new acc? 500NXT? Was it testing too?

http://nxtreporting.com/?a=+NXT-LS4D-ZRUN-QBDN-8JGMG&c=USD new trading account which will be used for the fund.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on October 15, 2014, 10:59:46 am
:) it's not shown correctly. No idea how they calculate it actually. Probably they take some real time assets value, but it does not make sense, since they are being bought and sold constantly.

At NXTreporting it shows 4'044.77 NXT

So now it is showing correctly? lol

How did you come up with this amount?

Just been checking you account from time to time. Didn't know precise amount that's why I asked.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 15, 2014, 12:31:33 pm
I gave you my stats too.
:) it's not shown correctly. No idea how they calculate it actually. Probably they take some real time assets value, but it does not make sense, since they are being bought and sold constantly.

At NXTreporting it shows 4'044.77 NXT

So now it is showing correctly? lol

How did you come up with this amount?

Just been checking you account from time to time. Didn't know precise amount that's why I asked.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on October 15, 2014, 12:40:59 pm
I gave you my stats too.

I see. Thanks. Will be looking at your bot (as always). Good luck.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 15, 2014, 07:17:41 pm
Good luck with your bot too!
The more bots the better :)
I gave you my stats too.

I see. Thanks. Will be looking at your bot (as always). Good luck.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 16, 2014, 08:06:27 am
Launching the trading, buying the assets, moving funds to the trading acc, fighting with the latest NRS release :)
Current stats:
Today
    325.61 NXT
For week
    4459.8522285 NXT

It will start in the full swing till week-end. The first dividend will be paid next week on Friday.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 16, 2014, 05:05:50 pm
hehe, I'm suprise this offering is not already sold out. When taking into account your reputation here and the potential of the software... The shares are pretty damn cheap if you ask me.  :D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: cobaltskky on October 16, 2014, 05:36:56 pm
My arbitrage money is all in Funbot.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 16, 2014, 05:37:50 pm
My arbitrage money is all in Funbot.

imo, you should diversify.  :D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: cobaltskky on October 16, 2014, 05:38:26 pm
Prob a good idea. Lol
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 16, 2014, 07:03:35 pm
I'm definitely not in a hurry :) Also NXT blockchain was effectively down today, not much trading on NXT AE either.
hehe, I'm suprise this offering is not already sold out. When taking into account your reputation here and the potential of the software... The shares are pretty damn cheap if you ask me.  :D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 16, 2014, 07:05:11 pm
The more bots the better! we should take NXT AE trading volume to 1 mil usd daily.
My arbitrage money is all in Funbot.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 17, 2014, 10:17:49 am
Basic website for the fund is online, the stats will be published there: mmnxt.com. More sophisticated website will be coded along the way.

Trading volume is low due to blockchain problems but now all good, it will rise in the following days.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on October 19, 2014, 01:20:51 pm
How is your trading going?) I pulled my bots off few days ago so you can enjoy free air for some time now)

Too pitty I miss NEM ride. You should made there at least 3k) Am I right?

By the way good job done with your bot. I can see it is working much better now.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 19, 2014, 02:24:18 pm
Yeah I saw that you pulled your bot off, may I ask why? let's trade :)
Bot made around 1.5 k with NEM, it moved a little too fast
Bot is doing fine but the volume has to pick up, though. We need more interesting assets.
How is your trading going?) I pulled my bots off few days ago so you can enjoy free air for some time now)

Too pitty I miss NEM ride. You should made there at least 3k) Am I right?

By the way good job done with your bot. I can see it is working much better now.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on October 19, 2014, 02:33:05 pm
Yeah I saw that you pulled your bot off, may I ask why? let's trade :)

Since you started to showing decent perfomance my daily fee for place/cancel orders rose up to 300-350 NXT. And when we will get more bots it could be up to 500-1000 which is too high IMO.

I implementing solution for it now.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on October 19, 2014, 08:48:30 pm
Since this is operated by coinomat, is coinomat exchange volume benefited by these bots?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on October 19, 2014, 08:50:31 pm
For week
    4459.8522285 NXT

As an illustrative example, if this was the total for the week, what would be the dividend for a shareholder with 10000 shares?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: youyou on October 19, 2014, 09:12:12 pm
For week
    4459.8522285 NXT

As an illustrative example, if this was the total for the week, what would be the dividend for a shareholder with 10000 shares?

4459*10 000 * 0.6 /  nb of shares sold (currently 458257) = about 60 NXT
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 19, 2014, 09:12:20 pm
No actually this is a couple of trading days, besides there were blockchain issues. I plan to have weekly profit about 50 k NXT, 60% of which will be paid out.
Coinomat should profit from this indirectly, since we're also trading CoinoUSD
For week
    4459.8522285 NXT

As an illustrative example, if this was the total for the week, what would be the dividend for a shareholder with 10000 shares?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on October 19, 2014, 09:14:31 pm
No actually this is a couple of trading days, besides there were blockchain issues. I plan to have weekly profit about 50 k NXT, 60% of which will be paid out.
Coinomat should profit from this indirectly, since we're also trading CoinoUSD
For week
    4459.8522285 NXT

As an illustrative example, if this was the total for the week, what would be the dividend for a shareholder with 10000 shares?

I said an illustrative example, this is hypothetical in order to understand your calculation.

Is it really

DIV = WEEKY_PROFITS * 0.6 * MY_SHARES/SHARES_SOLD (currently 458257)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 19, 2014, 09:23:41 pm
This is what I like from this asset. It is not tie to others crypto price, at least much less than it is the case with the mining asset types. I like mining asset, but bots playing on AE do trade and always profit in Nxt, plus it do add liquidity to the market. If well manage, you bots may have a bright future on Nxt AE.

Keep up the good wor coinomat. +1

PS. I'm still amaze at how slow you IPO selling.   :D, I don't understand at all.
disclamer: I bought some MMNXT.  ;D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 20, 2014, 05:53:07 am
Yes, exactly. 60% of the TOTAL profit is distributed to shareholders. The shares are sold in such a way that a shareholder should make around 5-10% on his invested NXT per month. That is currently the fund needs around 2 mil NXT, and we won't sell more shares for now.

No actually this is a couple of trading days, besides there were blockchain issues. I plan to have weekly profit about 50 k NXT, 60% of which will be paid out.
Coinomat should profit from this indirectly, since we're also trading CoinoUSD
For week
    4459.8522285 NXT

As an illustrative example, if this was the total for the week, what would be the dividend for a shareholder with 10000 shares?

I said an illustrative example, this is hypothetical in order to understand your calculation.

Is it really

DIV = WEEKY_PROFITS * 0.6 * MY_SHARES/SHARES_SOLD (currently 458257)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 20, 2014, 05:54:09 am
I think it will go better after the first dividend has been paid, it will be done on Friday.
This is what I like from this asset. It is not tie to others crypto price, at least much less than it is the case with the mining asset types. I like mining asset, but bots playing on AE do trade and always profit in Nxt, plus it do add liquidity to the market. If well manage, you bots may have a bright future on Nxt AE.

Keep up the good wor coinomat. +1

PS. I'm still amaze at how slow you IPO selling.   :D, I don't understand at all.
disclamer: I bought some MMNXT.  ;D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 21, 2014, 11:22:05 am
The stats on: http://www.mmnxt.com/
are they up to now or projected value?
thx
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 21, 2014, 12:10:41 pm
Sure it's up to now
real time update will be there tomorrow, meanwhile I update it manually once a day
The stats on: http://www.mmnxt.com/
are they up to now or projected value?
thx
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 21, 2014, 07:44:20 pm
More or less in the full swing now:
Date    Profit(NXT)    Closed pairs(NXT)    Money turnover(NXT)
21-10-2014     4513.51885009     13     181777.37914991

Turnover stat is cool, we're like 20% of all NXT AE trades.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 21, 2014, 09:12:48 pm
Website is updated with live stats: mmnxt.com
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: pf on October 21, 2014, 09:22:53 pm
This seems too similar to funbot for me
just my $0.02
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 21, 2014, 09:25:54 pm
This seems too similar to funbot for me
just my $0.02

pf, coinomat is here with Nxt since a while and he is running the coinomat business (https://coinomat.com/). Plus, coinomat is running his bot with a public Nxt adress. I have as much confident in you as in coinomat  ;).
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 21, 2014, 09:42:02 pm
Yes sure. But there's a difference - Funbot SAID that he was trading,  and we ARE trading (which is verifiable since the trading acc is public)
This seems too similar to funbot for me
just my $0.02
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Abraxas 147 on October 22, 2014, 06:25:58 am
Quote
Website is updated with live stats: mmnxt.com

are these figures the projected or the real profit (especially the weekly and monthly figures)?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 22, 2014, 07:00:10 am
Sure it's up to now
real time update will be there tomorrow, meanwhile I update it manually once a day
The stats on: http://www.mmnxt.com/
are they up to now or projected value?
thx
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 22, 2014, 07:09:31 am
Real!
Quote
Website is updated with live stats: mmnxt.com

are these figures the projected or the real profit (especially the weekly and monthly figures)?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: valarmg on October 22, 2014, 09:33:41 am
This seems too similar to funbot for me
just my $0.02

I didn't go near Funbot, there seemed way too many red flags, but I immediately bought this and am thinking of buying more. Coinomat is a trusted entity as far as I'm concerned while Funbot was an unknown. Makes all the difference in the world.


Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on October 22, 2014, 01:51:34 pm
This seems too similar to funbot for me
just my $0.02

I didn't go near Funbot, there seemed way too many red flags, but I immediately bought this and am thinking of buying more. Coinomat is a trusted entity as far as I'm concerned while Funbot was an unknown. Makes all the difference in the world.

Where and how can we see transactions?  Please provide a link.

Coinomat does not delivery very much dividend at all, so it's far from proven in terms of not being a ponzi.  What I see is that funbot hit an awesome idea and now coinomat is trying to get in on the action.  Anyway, good to diversify, but usually that means different "sectors" rather than different companies doing same thing...
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 22, 2014, 01:58:11 pm
What do you mean? I announced plans for MM fund a couple of month ago, when there was not any funbot here.
Please check the thread more carefully, the account has been mentioned here  NXT-LS4D-ZRUN-QBDN-8JGMG


This seems too similar to funbot for me
just my $0.02

I didn't go near Funbot, there seemed way too many red flags, but I immediately bought this and am thinking of buying more. Coinomat is a trusted entity as far as I'm concerned while Funbot was an unknown. Makes all the difference in the world.

Where and how can we see transactions?  Please provide a link.

Coinomat does not delivery very much dividend at all, so it's far from proven in terms of not being a ponzi.  What I see is that funbot hit an awesome idea and now coinomat is trying to get in on the action.  Anyway, good to diversify, but usually that means different "sectors" rather than different companies doing same thing...
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on October 22, 2014, 02:09:10 pm
What do you mean? I announced plans for MM fund a couple of month ago, when there was not any funbot here.
Please check the thread more carefully, the account has been mentioned here  NXT-LS4D-ZRUN-QBDN-8JGMG

Funbot seems also to be about 1 month old.  Anyway thanks for account details.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 22, 2014, 02:15:58 pm
Please check my post from August
https://nxtforum.org/index.php?topic=2219.msg86381#msg86381

Quote: "Also I will launch a market making MGW trading bot soon, this is not directly related to Coinomat program but I'd like to mention it here too"

What do you mean? I announced plans for MM fund a couple of month ago, when there was not any funbot here.
Please check the thread more carefully, the account has been mentioned here  NXT-LS4D-ZRUN-QBDN-8JGMG

Funbot seems also to be about 1 month old.  Anyway thanks for account details.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 22, 2014, 05:46:40 pm
I think a flood might happen here since funbot is refunding every investors  :D.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 22, 2014, 07:45:52 pm
I think a flood might happen here since funbot is refunding every investors  :D.
Up to 2 mil NXT is fine at the moment. More can't be traded at NXT AE now I think.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: cobaltskky on October 22, 2014, 09:49:42 pm
I think a flood might happen here since funbot is refunding every investors  :D.

You beat me to the post! lol

Think some of my freed up NXT is going in here...just a bit to start...
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: JanSako on October 22, 2014, 11:09:58 pm
I think a flood might happen here since funbot is refunding every investors  :D.

You beat me to the post! lol

Think some of my freed up NXT is going in here...just a bit to start...

So much for you sitting on your NXT for a month :-)

I sunk some of the FunBot 'winnings' here too already...
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: cobaltskky on October 22, 2014, 11:15:31 pm
I think a flood might happen here since funbot is refunding every investors  :D.

You beat me to the post! lol

Think some of my freed up NXT is going in here...just a bit to start...

So much for you sitting on your NXT for a month :-)

I sunk some of the FunBot 'winnings' here too already...

Lol  I know - I'm like a kid in a candy store when I have some free NXT available for spending on the Asset Exchange! lol  I invested in some highly trusted assets.  Not as much guarantee of a quick return, but at least I know the money will be there. :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: popolozo on October 24, 2014, 08:44:38 am
Today dividends day?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 24, 2014, 08:56:16 am
Yes :) In the afternoon European time.
Today dividends day?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: youyou on October 24, 2014, 09:00:11 am
hey coino, when do you think the bots will be at 100% prod?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 24, 2014, 09:21:14 am
NXT bot is working fine, we'll add some logic which would allow to close more trades by next week. The total transaction volume and profit depends on the overall activity of NXT AE of course.
hey coino, when do you think the bots will be at 100% prod?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 24, 2014, 09:42:07 am
12432 NXT has been distributed in dividend (60% of weekly profit at mmnxt.com plus profit for three days last week, since we started at the beginning of the last week but this is the first dividend payment)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Abraxas 147 on October 24, 2014, 09:53:34 am
received, nice profit, thanks!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: youyou on October 24, 2014, 10:03:33 am
1.6% profit for one week, nice start :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 24, 2014, 10:05:44 am
We had a couple of good trading days. But I must say AE trading is rather slow now. Should be better with MGW launch.
1.6% profit for one week, nice start :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on October 24, 2014, 10:58:15 am
Could you please update your site (mmnxt.com) to list the profit and volume with the corresponding date/week/month?  This way we can see what's going on better.

date         profit   volume
22/10/14 | 978    |   3092
23/10/14 | 2031  |  63000
24/10/14 | 194    |  10013

week of    profit        volume
13/10/14 | 23776    |  733092
20/10/14 | 15514    |    87423

month
Sep       | you  | get
Oct        | the  | idea

How long until arbitrage trading for BTER, Poloniex, Cryptsy is live?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: cobaltskky on October 24, 2014, 11:02:23 am
12432 NXT has been distributed in dividend (60% of weekly profit at mmnxt.com plus profit for three days last week, since we started at the beginning of the last week but this is the first dividend payment)

Nice dividend!  Thank you!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 24, 2014, 11:15:53 am
Yes we'll have more detailed stats soon.
The plan is the following -
next week we tweak the current bot to get the maximum out of NXT AE
Then we start with BTER and Polo, with arbitrage bots. Shouldn't take us more a couple of weeks.
At the same time we'll turn our market making Bitcoin bot which runs at bitfinex currently. It works fine but I'd like to integrate it with neural networks.

This is the developments which will happen very soon, but there are other things to consider in future. For example, I seriously consider BTC LTC  arbitrage bots (between different exchanges). This is definitely not new but it still can have the highest trading volume and profit in crypto trading, since arbitrage is still there.
Could you please update your site (mmnxt.com) to list the profit and volume with the corresponding date/week/month?  This way we can see what's going on better.

date         profit   volume
22/10/14 | 978    |   3092
23/10/14 | 2031  |  63000
24/10/14 | 194    |  10013

week of    profit        volume
13/10/14 | 23776    |  733092
20/10/14 | 15514    |    87423

month
Sep       | you  | get
Oct        | the  | idea

How long until arbitrage trading for BTER, Poloniex, Cryptsy is live?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: cobaltskky on October 24, 2014, 11:18:55 am
WIN

Do you have projections on earnings growth over the next few months?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: youyou on October 24, 2014, 11:27:04 am
When do you plan to remove your sell wall? Or will you add some new assets to the 2M already in the wall?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 24, 2014, 11:46:19 am
WIN

Do you have projections on earnings growth over the next few months?

I target around 5-10% montly for investors, so the assets will be sold based on this. For NXT AE 2 mil. NXT is enough. When we engage other bots we'll attract more funds but the overall profit per share sholud stay approximately the same. Consistency is the key here.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 24, 2014, 11:48:19 am
2 mil will be sold at 1 NXT
After that I'm ready to do what you guys think is better. Since many shareholders hope to profit from assets rising price too.
When do you plan to remove your sell wall? Or will you add some new assets to the 2M already in the wall?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 24, 2014, 01:31:17 pm
thx first dividends receive.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: lmmjvsd on October 24, 2014, 03:31:30 pm
cool, thanks
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: cobaltskky on October 24, 2014, 04:37:40 pm
2 mil will be sold at 1 NXT
After that I'm ready to do what you guys think is better. Since many shareholders hope to profit from assets rising price too.
When do you plan to remove your sell wall? Or will you add some new assets to the 2M already in the wall?

At that point, sell at market price?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 24, 2014, 08:09:17 pm
Yes, I thought about it, I think I just won't put a new sell wall and let it trade at market prices. This way everyone should be happy.
2 mil will be sold at 1 NXT
After that I'm ready to do what you guys think is better. Since many shareholders hope to profit from assets rising price too.
When do you plan to remove your sell wall? Or will you add some new assets to the 2M already in the wall?

At that point, sell at market price?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 24, 2014, 08:11:35 pm
Yes, I thought about it, I think I just won't put a new sell wall and let it trade at market prices. This way everyone should be happy.
2 mil will be sold at 1 NXT
After that I'm ready to do what you guys think is better. Since many shareholders hope to profit from assets rising price too.
When do you plan to remove your sell wall? Or will you add some new assets to the 2M already in the wall?

At that point, sell at market price?

what will you do when you need large fund for your bots?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 24, 2014, 08:54:43 pm
Yes, I thought about it, I think I just won't put a new sell wall and let it trade at market prices. This way everyone should be happy.
2 mil will be sold at 1 NXT
After that I'm ready to do what you guys think is better. Since many shareholders hope to profit from assets rising price too.
When do you plan to remove your sell wall? Or will you add some new assets to the 2M already in the wall?

At that point, sell at market price?

what will you do when you need large fund for your bots?
I'll be putting smaller sell orders at market prices.
To me this seems to be an optimal way to proceed, but if you have other ideas please share. To me it doesn't matter that much, I just want to let people trade at market prices.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 24, 2014, 08:57:02 pm
Yes, I thought about it, I think I just won't put a new sell wall and let it trade at market prices. This way everyone should be happy.
2 mil will be sold at 1 NXT
After that I'm ready to do what you guys think is better. Since many shareholders hope to profit from assets rising price too.
When do you plan to remove your sell wall? Or will you add some new assets to the 2M already in the wall?

At that point, sell at market price?

what will you do when you need large fund for your bots?
I'll be putting smaller sell orders at market prices.
For me this seems to be an optimal way to proceed, but if you have other ideas please share. For me it doesn't matter that much, I just want to let people trade at market prices.

I do not have another idea. I also think the way you propose is the way to go. +1
I'm happy to be part of MMNXT.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: peggy2jj on October 25, 2014, 05:12:15 pm
joined the club
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 25, 2014, 10:07:30 pm
would it be a good idea to reset the weekly profit counter on mmnxt.com once the weekly dividend are paid? Thanks.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 26, 2014, 07:04:30 am
Yes you might be right, probably we'll simply upload day by day stats
would it be a good idea to reset the weekly profit counter on mmnxt.com once the weekly dividend are paid? Thanks.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on October 27, 2014, 10:04:18 am
Could you confirm that NXT-LS4D-ZRUN-QBDN-8JGMG is your AE trading bot's address?  According to http://nxtreporting.com/?a=7443835548273827915&c=USD it shows a loss of -56,797 NXT!

Also could you please post the NXT account addresses for all the trading bots?  This would help make things more transparent.

Also will the release of arbitrage trading for BTER, Poloniex and Cryptsy in November also coincide with you issuing more mmnxt assets?  Will existing mmnxt asset holders receive a boost from the new arbitrage trading in November?

thanks.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 27, 2014, 10:27:01 am
Yes, this is the bug in nxtreporting.com, you could confirm it with them, there's my post in their thread about this.
Yes, the new sell orders will be put after we've finished our arbitrage bots, since current volume at NXT AE is not that big.
Could you confirm that NXT-LS4D-ZRUN-QBDN-8JGMG is your AE trading bot's address?  According to http://nxtreporting.com/?a=7443835548273827915&c=USD it shows a loss of -56,797 NXT!

Also could you please post the NXT account addresses for all the trading bots?  This would help make things more transparent.

Also will the release of arbitrage trading for BTER, Poloniex and Cryptsy in November also coincide with you issuing more mmnxt assets?  Will existing mmnxt asset holders receive a boost from the new arbitrage trading in November?

thanks.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on October 27, 2014, 10:31:53 am
Yes, this is the bug in nxtreporting.com, you could confirm it with them, there's my post in their thread about this.
Yes, the new sell orders will be put after we've finished our arbitrage bots, since current volume at NXT AE is not that big.
Could you confirm that NXT-LS4D-ZRUN-QBDN-8JGMG is your AE trading bot's address?  According to http://nxtreporting.com/?a=7443835548273827915&c=USD it shows a loss of -56,797 NXT!

Also could you please post the NXT account addresses for all the trading bots?  This would help make things more transparent.

Also will the release of arbitrage trading for BTER, Poloniex and Cryptsy in November also coincide with you issuing more mmnxt assets?  Will existing mmnxt asset holders receive a boost from the new arbitrage trading in November?

thanks.

Thanks. Will new sell order be at market price or your own choosing?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 27, 2014, 10:44:57 am
If you intend to ask will I f*#ck people over or not - I will definitely not do it :)
Actually for me it's not that important at which price the shares are traded, since there's 50 mil issued shares, 50 mil NXT will be more than enough for this fund for foreseeable future (which in cryptoworld like several months)
But I understand that many shareholders would like to make money also on potentially rising price, so I'll let it trade at market prices and new shares will be sold at a price people want to pay for them.
Quote from: xibeijan link=topic=5987.ms  g123383#msg123383 date=1414405913
Yes, this is the bug in nxtreporting.com, you could confirm it with them, there's my post in their thread about this.
Yes, the new sell orders will be put after we've finished our arbitrage bots, since current volume at NXT AE is not that big.
Could you confirm that NXT-LS4D-ZRUN-QBDN-8JGMG is your AE trading bot's address?  According to http://nxtreporting.com/?a=7443835548273827915&c=USD it shows a loss of -56,797 NXT!

Also could you please post the NXT account addresses for all the trading bots?  This would help make things more transparent.

Also will the release of arbitrage trading for BTER, Poloniex and Cryptsy in November also coincide with you issuing more mmnxt assets?  Will existing mmnxt asset holders receive a boost from the new arbitrage trading in November?

thanks.

Thanks. Will new sell order be at market price or your own choosing?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 27, 2014, 06:05:33 pm
Would it be possible to separate the NXT from the coinomat account and the mmnxt accout? This will allow for a better comptability transparency. Thanks

These are two differents project and mixing these two is not a good idea imo.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 27, 2014, 07:10:49 pm
But there are also trading accounts, probably it doesn't make sense to run the bot from the account the assets are issued from.
Would it be possible to separate the NXT from the coinomat account and the mmnxt accout? This will allow for a better comptability transparency. Thanks

These are two differents project and mixing these two is not a good idea imo.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 27, 2014, 07:36:32 pm
But there are also trading accounts, probably it doesn't make sense to run the bot from the account the assets are issued from.
Would it be possible to separate the NXT from the coinomat account and the mmnxt accout? This will allow for a better comptability transparency. Thanks

These are two differents project and mixing these two is not a good idea imo.

I mean, different dividend account. You would simply need to create a new account name like: MMNXT dividends account. Or something like that. Because now, both coinomat and MMNXT dividend account are the same.

I think this would be more professional from a comptability point of view.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on October 27, 2014, 10:40:59 pm
But there are also trading accounts, probably it doesn't make sense to run the bot from the account the assets are issued from.
Would it be possible to separate the NXT from the coinomat account and the mmnxt accout? This will allow for a better comptability transparency. Thanks

These are two differents project and mixing these two is not a good idea imo.

I mean, different dividend account. You would simply need to create a new account name like: MMNXT dividends account. Or something like that. Because now, both coinomat and MMNXT dividend account are the same.

I think this would be more professional from a comptability point of view.

+1
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 28, 2014, 08:25:03 am

But there are also trading accounts, probably it doesn't make sense to run the bot from the account the assets are issued from.
Would it be possible to separate the NXT from the coinomat account and the mmnxt accout? This will allow for a better comptability transparency. Thanks

These are two differents project and mixing these two is not a good idea imo.

I mean, different dividend account. You would simply need to create a new account name like: MMNXT dividends account. Or something like that. Because now, both coinomat and MMNXT dividend account are the same.

I think this would be more professional from a comptability point of view.
Hmm, why is it better? It's easy to do but what are the benefits? It will be possible to check dividend history more easily probably. What else? I can do it no problem but would like to see the reasons first.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: whatnxt on October 28, 2014, 08:58:03 am
Consider this scenario:
If dividends come from the same account and I own
10 coinomat which I have forgotten about because its a long term hold.
10000 mmnxt
Then when I see a tiny dividend appear and find nothing in the mmnxt thread I think badly of you and mmnxt so sell out.

So using the same account for dividends is bad for your reputation and your assets price.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 28, 2014, 09:10:56 am
In particular, it is easier for the stakeholder of coinomat and MMNXT to easier see their different dividends.

At the moement, it make look what you do not very transparent. With different account, an outsider could verify the amount of Nxt going in and out and compute the total Nxt paid so far and not only take your word on this amount. It is proof of what you are doing.

I'm sure there many other reasons too. It is bad pratice to mix the comptability of two business togeter. Even for you, I'm suprise that do not do it for your own benefit. You could write automatic script that look at the blockchain and extract MMNXT dividend statistic.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: youyou on October 28, 2014, 09:14:08 am
isn't it possible to add a message in the tx when sending a dividend?

(anyway i agree with remarks of sebastien and co)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 28, 2014, 09:18:02 am
As for statistics - I keep it of course. Also can be checked at mmnxt.com. This week we'll start uploading full day by day stats there.
But no problem with that, let's have a separate dividend acc.
As for custom transaction message - I think a little too complicated, since we use standard dividend script from valarmg, it does not support that.
In particular, it is easier for the stakeholder of coinomat and MMNXT to easier see their different dividends.

At the moement, it make look what you do not very transparent. With different account, an outsider could verify the amount of Nxt going in and out and compute the total Nxt paid so far and not only take your word on this amount. It is proof of what you are doing.

I'm sure there many other reasons too. It is bad pratice to mix the comptability of two business togeter. Even for you, I'm suprise that do not do it for your own benefit. You could write automatic script that look at the blockchain and extract MMNXT dividend statistic.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 30, 2014, 08:01:03 pm
I'm curious to know how much the bot made with the big dump of NEM on AE today?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 30, 2014, 08:43:41 pm
I'm curious to know how much the bot made with the big dump of NEM on AE today?
It looks more like pump :) It closed two order pairs today, one is partually executed. total profit for NEM is around 1 k NXT, which is not big, but there is not so much action on NXT AE now, so it's fine.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on October 30, 2014, 08:45:59 pm
But it held 2.x nem when price declined 10k
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 30, 2014, 09:56:39 pm
I'm curious to know how much the bot made with the big dump of NEM on AE today?
It looks more like pump :) It closed two order pairs today, one is partually executed. total profit for NEM is around 1 k NXT, which is not big, but there is not so much action on NXT AE now, so it's fine.

There were a 450K NXT dump of NEM today, that is why i'm asking.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: ifeng on October 31, 2014, 02:24:22 am
Now buy less people :-\
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 31, 2014, 09:25:24 am
Weekly dividend is sent out, 9919 NXT. The dividend payments will be made from special dividend account  NXT-KAK4-SDL7-DHGT-9W37B  from now on.

This was not a good week for NXT AE, assets falling in value mostly, volume is rather low. But we make NXT even with falling market.

As far as I know the next week can be a good one for several assets, so I expect profit growth. Also we will start making arbitrage bots next week.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: huafei on October 31, 2014, 09:54:17 am
badly week.... :(
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinTEr on October 31, 2014, 02:05:42 pm
Quote
This was not a good week for NXT AE, assets falling in value mostly, volume is rather low.

Hello coinomat,
I suspect your bot is a bit of the reason for the low trading volume.
Since you started your bot it is very aggressive set on top on both sides sell- and buy-orders on many james-assets, like
jl777hodl, nxtventure, supernet and nxttycoin and your own assets of course.
Sometimes you have more than 10'000 NXT orders on top on both sides, so for amounts in that range it is only possible to buy from you or to sell to you.
For me as a small daytrader this is kind of annoying, so I hodl these assets until your bot is gone from one of the sides or I try to trick your bot. I see this scheme with some other traders, too.

I know, its the business of a bot to trade automated, but I personally think the 1 NXT fee prevents the AE from trading like on Poloniex for example, where many bots are changing offers every second.

What do you think? Am I the only one with that kind of reservations?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 31, 2014, 02:08:36 pm
I don't think so actually. And why don't you want to buy from or sell to the bot? It provides the best price.
Market making bots are GOOD for small traders, not bad. They make the spread more narrow.
Quote
This was not a good week for NXT AE, assets falling in value mostly, volume is rather low.

Hello coinomat,
I suspect your bot is a bit of the reason for the low trading volume.
Since you started your bot it is very aggressive set on top on both sides sell- and buy-orders on many james-assets, like
jl777hodl, nxttycoin, nxtventure, supernet and your own assets of course.
Sometimes you have more than 10'000 NXT orders on top on both sides, so for amounts in that range it is only possible to buy from you or to sell to you.
For me as a small daytrader this is kind of annoying, so I hodl these assets until your bot is gone from one of the sides or I try to trick your bot. I see this scheme with some other traders, too.

I know, its the business of a bot to trade automated, but I personally think the 1 NXT fee prevents the AE from trading like on Poloniex for example, where many bots are changing offers every second.

What do you think? Am I the only one with that kind of reservations?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinTEr on October 31, 2014, 02:24:01 pm
For example nxttycoin:

You sell 73'000...
If someone wants to sell for example 200 or 2'000. He has no chance unless someone buys 75'000 with one order because your bot ALWAYS gives the best price. But your best price is not your price but the price of the poor guy who tries to sell his 2'000 less a negligible discount to be at the top.
So instead of him, you get the trade, which is good for you and your asset holders but the poor guy will never get the price he wants to...
That was not a big problem last week, when your bot was offering and selling amounts up to 2 or 3'000 NXT. But in the range up to 10'000 NXT you are nearly the only one making trades... and my personal opinion is that this is not good, because it annoys people..

But no offence! Your bot works great and it is harder to trick than last week for example   ;D

But I don't like to compete with a bot, so instead of setting up orders I wait and watch...
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 31, 2014, 02:32:04 pm
For example nxttycoin:

You sell 73'000...
If someone wants to sell for example 200 or 2'000. He has no chance unless someone buys 75'000 with one order because your bot ALWAYS gives the best price. But your best price is not your price but the price of the poor guy who tries to sell his 2'000 less a negligible discount to be at the top.
So instead of him, you get the trade, which is good for you and your asset holders but the poor guy will never get the price he wants to...

But no offence! Your bot works great and it is harder to trick than last week for example   ;D

But I don't like to compete with a bot, so instead of setting up orders I wait and watch...
this is because the spread is still large, so the "poor guy" instead of making a market order has to put a limit order, otherwise he looses to much money on the spread. So we need more bot action actually, since bots provide liquidity, and liquidity means smaller spread.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinTEr on October 31, 2014, 02:37:12 pm
Maybe you are right.
Just right now, as I was writing my example, someone bought 100'000 nxtty-coins...
So your bot sold its 73'000 and the poor guy from my example would have sold his 2'000, too...
But its not often happening, and I'm not convinced yet to hope for more bots on the AE...  :'(

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Abraxas 147 on October 31, 2014, 02:43:25 pm
Code: [Select]
As far as I know the next week can be a good one for several assets, so I expect profit growth. Also we will start making arbitrage bots next week.
Do you have insider information? Please share with us  ;)...
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on October 31, 2014, 03:01:57 pm
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Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on October 31, 2014, 05:52:33 pm
dividends received, thanks.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: peggy2jj on October 31, 2014, 07:54:55 pm
received
 :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on November 01, 2014, 11:13:22 am
What pairs and on what exchanges will your arbitrage bots trade?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on November 01, 2014, 11:18:41 am
AE getting bigger, your profits will be lowering unless you do something to fight other bots.

What do you mean by this?  It's a bit ambiguous. Thanks.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 01, 2014, 11:21:05 am
We'll start with AE, polo and bter, all pairs with arbitrage opportunities. Then we'll see how it goes
What pairs and on what exchanges will your arbitrage bots trade?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on November 01, 2014, 11:26:35 am
We'll start with AE, polo and bter, all pairs with arbitrage opportunities. Then we'll see how it goes
What pairs and on what exchanges will your arbitrage bots trade?

Thanks, in terms of the AE, why is having more bots good?  Wouldn't that decrease mmnxt's profits?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on November 01, 2014, 01:27:06 pm
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Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on November 01, 2014, 02:18:42 pm
AE getting bigger, your profits will be lowering unless you do something to fight other bots.

What do you mean by this?  It's a bit ambiguous. Thanks.

He is doing daytrading on AE. So he competes with coinomat bot. His profits from trading will be lowering then, because bot is faster and working 24/7.

More bots on AE - lower profits for day traders.

Thanks.  Do bots compete with each other and, if so, do they lower each other profitability or are they complementary?  Reason I'm askin' is b/c I keep reading posts saying more bots is better.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinTEr on November 01, 2014, 03:38:40 pm
Quote
His profits from trading will be lowering then, because bot is faster and working 24/7.
More bots on AE - lower profits for day traders.

Hello sava0123,
that was exactly my theory. Because of bots, daytrading makes not much profit any more, so there are less daytraders which leads to less trading volume. No reason to see an attack that was just my guess.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 01, 2014, 04:06:22 pm
Well, the common wisdom says that bots are good for long term investors since they narrow the spread and they pay less money in fees due to that. For day traders it's not so obvious, depends on the way you daytrade.
AE getting bigger, your profits will be lowering unless you do something to fight other bots.

What do you mean by this?  It's a bit ambiguous. Thanks.

He is doing daytrading on AE. So he competes with coinomat bot. His profits from trading will be lowering then, because bot is faster and working 24/7.

More bots on AE - lower profits for day traders.

Thanks.  Do bots compete with each other and, if so, do they lower each other profitability or are they complementary?  Reason I'm askin' is b/c I keep reading posts saying more bots is better.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on November 01, 2014, 04:35:39 pm
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Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on November 01, 2014, 04:45:56 pm
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Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: whatnxt on November 01, 2014, 05:28:26 pm
Thanks.  Do bots compete with each other and, if so, do they lower each other profitability or are they complementary?  Reason I'm askin' is b/c I keep reading posts saying more bots is better.

More bots is better for NXT and AE because of reasons coinomat already named (narrowing spread, more liqudity, volume increase).

In my opinion it is also better for daytrades who are suffering form it, like coinTEr. Because it is a chance that he won't just take it but will make his own bot, more agrressive and better that coinomat's on so on...

Сompetition always benefit consumers and as long as bots compete it's good for exchange. Good for NXT and AE in this case.

One bot adds very little liquidity but makes it harder to reach the market price ( as opposed to the bot's market price which is based on nothing but hope). if you are in ahurry bots do make it easier (faster) to trade (bots hope for traders in a hurry).
If you want 'your' market price though, you put in your trade and wait for the bot to get out of the way. Which slows things down a lot.

Since sava0123 has a clear belief in competion I include my thoughts on competition, below, which I do not expect you to agree with, but hope you might think about.

'As for competition, in general; competition is a poor optimiser. This is especially the case if you are competing for the most money (which in itself is dum). It works best with full disclosure but even then its tendency to kill people when applied to human endevours is innevitable. For example the process of evolution (whether you believe it happens or not) is a competetive optimiser. Evolution requires the death of one group in order for a different group to prosper however the end game for an evolved species is to be wiped out because it is too specialised. For example flightless birds that cannot deal with a new predator in there ecosystem.'
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on November 01, 2014, 05:44:20 pm
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Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: whatnxt on November 01, 2014, 06:25:05 pm
'As for competition, in general; competition is a poor optimiser. This is especially the case if you are competing for the most money (which in itself is dum). It works best with full disclosure but even then its tendency to kill people when applied to human endevours is innevitable. For example the process of evolution (whether you believe it happens or not) is a competetive optimiser. Evolution requires the death of one group in order for a different group to prosper however the end game for an evolved species is to be wiped out because it is too specialised. For example flightless birds that cannot deal with a new predator in there ecosystem.'

Are you saying that natural selection is poor optimizer? Why? I think it is pretty efficient. And your example about evolution proves it. Nature knows the best. People can't argue with it. Or do something to it. Eat or be eaten.

Same for AE. Someone's bot will outperform you unless you make your own.

Yes natural selection is a poor, blind optimiser and as the number of species decreases it is getting worse. How many non-humans did you see playing with there smart phones today?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 02, 2014, 04:28:54 pm
I want to say that I consider this project to be of benefit to NXT community, otherwise I wouldn't do it. I want to perceive it as a core project for NXT AE, bot trading is essential for any mature market. Bots make markets efficient.
After the MGW launch I hope to get the ball really rolling, since there will be many more pairs to trade (Litecoin Dogecoin and other coin assets)
Also even now our bot provides around 15% of the daily transaction volume at NXT AE.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: whatnxt on November 02, 2014, 06:32:16 pm
I want to say that I consider this project to be of benefit to NXT community, otherwise I wouldn't do it. I want to perceive it as a core project for NXT AE, bot trading is essential for any mature market. Bots make markets efficient.
After the MGW launch I hope to get the ball really rolling, since there will be many more pairs to trade (Litecoin Dogecoin and other coin assets)
Also even now our bot provides around 15% of the daily transaction volume at NXT AE.

I bought some MMNXT so clearly I believe the same.
Some of us may disagree about what the benefit is but who cares about the details... :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on November 02, 2014, 07:07:32 pm
I want to say that I consider this project to be of benefit to NXT community, otherwise I wouldn't do it. I want to perceive it as a core project for NXT AE, bot trading is essential for any mature market. Bots make markets efficient.
After the MGW launch I hope to get the ball really rolling, since there will be many more pairs to trade (Litecoin Dogecoin and other coin assets)
Also even now our bot provides around 15% of the daily transaction volume at NXT AE.

How would you feel about a competing bot launching?  Would this impact your bot's profitability?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 02, 2014, 08:14:26 pm
The more bots the better :)
I want to say that I consider this project to be of benefit to NXT community, otherwise I wouldn't do it. I want to perceive it as a core project for NXT AE, bot trading is essential for any mature market. Bots make markets efficient.
After the MGW launch I hope to get the ball really rolling, since there will be many more pairs to trade (Litecoin Dogecoin and other coin assets)
Also even now our bot provides around 15% of the daily transaction volume at NXT AE.

How would you feel about a competing bot launching?  Would this impact your bot's profitability?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on November 02, 2014, 09:07:18 pm
The more bots the better :)
I want to say that I consider this project to be of benefit to NXT community, otherwise I wouldn't do it. I want to perceive it as a core project for NXT AE, bot trading is essential for any mature market. Bots make markets efficient.
After the MGW launch I hope to get the ball really rolling, since there will be many more pairs to trade (Litecoin Dogecoin and other coin assets)
Also even now our bot provides around 15% of the daily transaction volume at NXT AE.

How would you feel about a competing bot launching?  Would this impact your bot's profitability?

Thanks.  Are you saying more bots are better for MMNXT profits!?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 03, 2014, 06:44:33 am
The more bots the better :)
I want to say that I consider this project to be of benefit to NXT community, otherwise I wouldn't do it. I want to perceive it as a core project for NXT AE, bot trading is essential for any mature market. Bots make markets efficient.
After the MGW launch I hope to get the ball really rolling, since there will be many more pairs to trade (Litecoin Dogecoin and other coin assets)
Also even now our bot provides around 15% of the daily transaction volume at NXT AE.

How would you feel about a competing bot launching?  Would this impact your bot's profitability?

Thanks.  Are you saying more bots are better for MMNXT profits!?
In a way. If there are more bots the transaction volume should grow, which will have a good effect on our trading.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 03, 2014, 08:25:31 pm
Bot made around 25% of all transaction volume at NXT AE today
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 04, 2014, 04:48:50 pm
What is your policy for refunds of bigger amounts?
E.g.: If I had 500k MMNXT and wanted to cashout?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 04, 2014, 05:04:24 pm
Analysis of: NXT-LS4D-ZRUN-QBDN-8JGMG
Deposits + Transfers in - Transfers out = 686767
Balance + Asset Value = 412105+305185 =  717290
717290-686767 = +30523

There was an order on 23.10.2014: 15339625403680604438 that messed the nxtreporting.com up. The bot put in: 163 NXT/Freemarket price for 500 pieces, even though it was filled for 34.4-38.7 it was counted as 163.

Still the account is missing 15000 NXT in claimed profit. Care to ellaborate Coinomat?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on November 04, 2014, 06:14:07 pm
Analysis of: NXT-LS4D-ZRUN-QBDN-8JGMG
Deposits + Transfers in - Transfers out = 686767
Balance + Asset Value = 412105+305185 =  717290
717290-686767 = +30523

There was an order on 23.10.2014: 15339625403680604438 that messed the nxtreporting.com up. The bot put in: 163 NXT/Freemarket price for 500 pieces, even though it was filled for 34.4-38.7 it was counted as 163.

Still the account is missing 15000 NXT in claimed profit. Care to ellaborate Coinomat?
Nxtreporting does that every time, it's really annoying:(
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 04, 2014, 08:28:23 pm
You can sell it at AE, as soon as 2 mil assets has been sold it will be traded at market prices (sell wall will be canceled), as  promised.
What is your policy for refunds of bigger amounts?
E.g.: If I had 500k MMNXT and wanted to cashout?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 04, 2014, 08:36:31 pm
This is easy, it has both long and short trades, so if some assets become cheaper the overall balance may fluctuate. That is the bot constantly holds some assets, it's not that it buys and then sells,  it also sells to buy back cheaper. The profit is paid out in NXT, not in assets. We naturally presume that the assets we trade won't crash to zero.
MGW assets will be traded to make both NXT and corresponding coins profits.


Analysis of: NXT-LS4D-ZRUN-QBDN-8JGMG
Deposits + Transfers in - Transfers out = 686767
Balance + Asset Value = 412105+305185 =  717290
717290-686767 = +30523

There was an order on 23.10.2014: 15339625403680604438 that messed the nxtreporting.com up. The bot put in: 163 NXT/Freemarket price for 500 pieces, even though it was filled for 34.4-38.7 it was counted as 163.

Still the account is missing 15000 NXT in claimed profit. Care to ellaborate Coinomat?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 04, 2014, 09:29:43 pm
This is easy, it has both long and short trades, so if some assets become cheaper the overall balance may fluctuate. That is the bot constantly holds some assets, it's not that it buys and then sells,  it also sells to buy back cheaper. The profit is paid out in NXT, not in assets. We naturally presume that the assets we trade won't crash to zero.
MGW assets will be traded to make both NXT and corresponding coins profits.


Analysis of: NXT-LS4D-ZRUN-QBDN-8JGMG
Deposits + Transfers in - Transfers out = 686767
Balance + Asset Value = 412105+305185 =  717290
717290-686767 = +30523

There was an order on 23.10.2014: 15339625403680604438 that messed the nxtreporting.com up. The bot put in: 163 NXT/Freemarket price for 500 pieces, even though it was filled for 34.4-38.7 it was counted as 163.

Still the account is missing 15000 NXT in claimed profit. Care to ellaborate Coinomat?

That doesn't explain it. As I wrote , I calculated your asset value and then added it to your balance. This is 15000 NXT short of the profit your propagated.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 04, 2014, 09:30:55 pm
You can sell it at AE, as soon as 2 mil assets has been sold it will be traded at market prices (sell wall will be canceled), as  promised.
What is your policy for refunds of bigger amounts?
E.g.: If I had 500k MMNXT and wanted to cashout?

So you will not consider a swap? Using funds of the bot to rebuy the assets you issued? Because if that is the case there is no floor to the price, even though you could guarantee a certain price leve.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 05, 2014, 05:38:51 am
This is easy, it has both long and short trades, so if some assets become cheaper the overall balance may fluctuate. That is the bot constantly holds some assets, it's not that it buys and then sells,  it also sells to buy back cheaper. The profit is paid out in NXT, not in assets. We naturally presume that the assets we trade won't crash to zero.
MGW assets will be traded to make both NXT and corresponding coins profits.


Analysis of: NXT-LS4D-ZRUN-QBDN-8JGMG
Deposits + Transfers in - Transfers out = 686767
Balance + Asset Value = 412105+305185 =  717290
717290-686767 = +30523

There was an order on 23.10.2014: 15339625403680604438 that messed the nxtreporting.com up. The bot put in: 163 NXT/Freemarket price for 500 pieces, even though it was filled for 34.4-38.7 it was counted as 163.

Still the account is missing 15000 NXT in claimed profit. Care to ellaborate Coinomat?

That doesn't explain it. As I wrote , I calculated your asset value and then added it to your balance. This is 15000 NXT short of the profit your propagated.
But why, it does explain it, suppose all assets we hold crash to zero, so the account balance becomes 412105 NXT - clearly the balance went down due to depreciating asset prices. So I mean that fluctuations in the asset prices we hold result in this. Am I missing something?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 06, 2014, 10:29:38 am
http://coinmarketcap.com/assets/mmnxt/ Coinmarketcap added the asset, I didn't even ask them. I see they list total and available supply now. Well it's more correct of course but not clear how they determine available supply, probably they input it manually.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 07, 2014, 10:40:48 am
Weekly dividend payment is sent. I decided to send the full 100% profit to shareholders this week.  This was not a bad week for NXT AE, some assets grew nicely in value, but the spread became a little lower. I consider it to be the result of our bot's work. Someone complained in this thread that our bot is bad for daytraders, but the facts are just the opposite - currently the spread is around 3% on average. Our bot helps you buy and sell NXT AE assets cheaper.

I think next week the volume at NXT AE will grow, some projects didn't make some major announcements they were supposed to make,
but they will next week.
We started working on arbitrage bots, and also will have some tweaks for our NXT AE bot to implement.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: youyou on November 07, 2014, 11:09:36 am
received.
thx coino :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 07, 2014, 11:26:25 am
Another thing - we distribute trading profit only as of now. If there is some overall portfolio growth we should discuss our policy here.
We can either sell the assets and realize profits as we get it or wait till it grows more, also trading profits in this case will be bigger.
Share your thoughts about this.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Fortis on November 07, 2014, 11:29:59 am
thks coinma nxt received

i bought many of your asset because your bot is doing very well...love it
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: krojex on November 07, 2014, 11:54:04 am
Another thing - we distribute trading profit only as of now. If there is some overall portfolio growth we should discuss our policy here.
We can either sell the assets and realize profits as we get it or wait till it grows more, also trading profits in this case will be bigger.
Share your thoughts about this.

Would it make sense to distribute the assets themselves? If people don't want them, they can sell them - which leads to more AE volume, more potential MMNXT profits.  ;)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on November 07, 2014, 02:27:53 pm
Another thing - we distribute trading profit only as of now. If there is some overall portfolio growth we should discuss our policy here.
We can either sell the assets and realize profits as we get it or wait till it grows more, also trading profits in this case will be bigger.
Share your thoughts about this.

This would seem to imply the bot is taking long positions.  That seems quite risky.  Isn't it best to keep "portfolio" in NXT and distribute profits in NXT?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on November 07, 2014, 02:30:10 pm
Another thing - we distribute trading profit only as of now. If there is some overall portfolio growth we should discuss our policy here.
We can either sell the assets and realize profits as we get it or wait till it grows more, also trading profits in this case will be bigger.
Share your thoughts about this.

This would seem to imply the bot is taking long positions.  That seems quite risky.  Isn't it best to keep "portfolio" in NXT and distribute profits in NXT?

That is a good point...
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on November 07, 2014, 02:31:31 pm
Weekly dividend payment is sent. I decided to send the full 100% profit to shareholders this week

This week the bot has under performed your 5-10% / month target.  Any thoughts or comments on why this is and what can be done to improve?  When are the arbitrage bots expected to be launched?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 07, 2014, 02:55:35 pm


Another thing - we distribute trading profit only as of now. If there is some overall portfolio growth we should discuss our policy here.
We can either sell the assets and realize profits as we get it or wait till it grows more, also trading profits in this case will be bigger.
Share your thoughts about this.

This would seem to imply the bot is taking long positions.  That seems quite risky.  Isn't it best to keep "portfolio" in NXT and distribute profits in NXT?
Nope.
There's an average balance in assets, bot constantly buys and sells them. so on average there is the same amount of assets.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 07, 2014, 02:57:13 pm
Weekly dividend payment is sent. I decided to send the full 100% profit to shareholders this week

This week the bot has under performed your 5-10% / month target.  Any thoughts or comments on why this is and what can be done to improve?  When are the arbitrage bots expected to be launched?
No :) it made 143000 on about one mil NXT, which is 1.4% weekly.
We'll be starting new bots next week. Also starting on Bitcoin market making bot (neural nets integration)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 07, 2014, 02:57:49 pm
Another thing - we distribute trading profit only as of now. If there is some overall portfolio growth we should discuss our policy here.
We can either sell the assets and realize profits as we get it or wait till it grows more, also trading profits in this case will be bigger.
Share your thoughts about this.

Would it make sense to distribute the assets themselves? If people don't want them, they can sell them - which leads to more AE volume, more potential MMNXT profits.  ;)
Cool idea, have to think about it.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on November 07, 2014, 02:58:11 pm
Weekly dividend payment is sent. I decided to send the full 100% profit to shareholders this week

This week the bot has under performed your 5-10% / month target.  Any thoughts or comments on why this is and what can be done to improve?  When are the arbitrage bots expected to be launched?
No :) it made 143000 on about one mil NXT, which is 1.4% weekly.
We'll be starting new bots next week. Also starting on Bitcoin market making bot (neural nets integration)

Awesome, and this will all be part of our already purchased assets?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on November 07, 2014, 03:00:51 pm


Another thing - we distribute trading profit only as of now. If there is some overall portfolio growth we should discuss our policy here.
We can either sell the assets and realize profits as we get it or wait till it grows more, also trading profits in this case will be bigger.
Share your thoughts about this.

This would seem to imply the bot is taking long positions.  That seems quite risky.  Isn't it best to keep "portfolio" in NXT and distribute profits in NXT?
Nope.
There's an average balance in assets, bot constantly buys and sells them. so on average there is the same amount of assets.

So the average balance (trading pool?) increases in value over time. You are asking for ideas of what to do with it when it appreciates beyond what is required?  Sorry, but don't understand what you're asking.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on November 07, 2014, 03:03:03 pm
Weekly dividend payment is sent. I decided to send the full 100% profit to shareholders this week

This week the bot has under performed your 5-10% / month target.  Any thoughts or comments on why this is and what can be done to improve?  When are the arbitrage bots expected to be launched?
No :) it made 143000 on about one mil NXT, which is 1.4% weekly.
We'll be starting new bots next week. Also starting on Bitcoin market making bot (neural nets integration)

but http://www.mmnxt.com shows weekly at 14604, so how is that 1.4% of the 1 mil?  A bit confused am I.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 07, 2014, 03:28:06 pm


Another thing - we distribute trading profit only as of now. If there is some overall portfolio growth we should discuss our policy here.
We can either sell the assets and realize profits as we get it or wait till it grows more, also trading profits in this case will be bigger.
Share your thoughts about this.

This would seem to imply the bot is taking long positions.  That seems quite risky.  Isn't it best to keep "portfolio" in NXT and distribute profits in NXT?
Nope.
There's an average balance in assets, bot constantly buys and sells them. so on average there is the same amount of assets.

So the average balance (trading pool?) increases in value over time. You are asking for ideas of what to do with it when it appreciates beyond what is required?  Sorry, but don't understand what you're asking.
Exactly. You get paid in NXT made from trading, not from asset appreciation.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 07, 2014, 03:29:45 pm
Weekly dividend payment is sent. I decided to send the full 100% profit to shareholders this week

This week the bot has under performed your 5-10% / month target.  Any thoughts or comments on why this is and what can be done to improve?  When are the arbitrage bots expected to be launched?
No :) it made 143000 on about one mil NXT, which is 1.4% weekly.
We'll be starting new bots next week. Also starting on Bitcoin market making bot (neural nets integration)

but http://www.mmnxt.com shows weekly at 14604, so how is that 1.4% of the 1 mil?  A bit confused am I.
1 mil is approximate amount of mmnxt sold assets, each costs 1 NXT
14 k is weekly profit. 14 k/1 mil = 1.4%
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on November 07, 2014, 03:46:47 pm
Weekly dividend payment is sent. I decided to send the full 100% profit to shareholders this week

This week the bot has under performed your 5-10% / month target.  Any thoughts or comments on why this is and what can be done to improve?  When are the arbitrage bots expected to be launched?
No :) it made 143000 on about one mil NXT, which is 1.4% weekly.
We'll be starting new bots next week. Also starting on Bitcoin market making bot (neural nets integration)

but http://www.mmnxt.com shows weekly at 14604, so how is that 1.4% of the 1 mil?  A bit confused am I.
1 mil is approximate amount of mmnxt sold assets, each costs 1 NXT
14 k is weekly profit. 14 k/1 mil = 1.4%

The weekly profit (to asset holders) is 0.6*1.4% = 0.8%.  This is short of the target of 1-2% per week.  (I understand you've waived the 40% fee this week, but let's factor that out to understand what is going on.)  So I guess your 1-2% target was pre 40% fee, but it really should be 1-2% post fee (your target for the shareholders is all that matter and what investors base their decisions on.)

Once the bots are up and running as you like, what % return (to asset holders) do you expect the bot achieve regularly?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on November 07, 2014, 03:48:40 pm


Another thing - we distribute trading profit only as of now. If there is some overall portfolio growth we should discuss our policy here.
We can either sell the assets and realize profits as we get it or wait till it grows more, also trading profits in this case will be bigger.
Share your thoughts about this.

This would seem to imply the bot is taking long positions.  That seems quite risky.  Isn't it best to keep "portfolio" in NXT and distribute profits in NXT?
Nope.
There's an average balance in assets, bot constantly buys and sells them. so on average there is the same amount of assets.

So the average balance (trading pool?) increases in value over time. You are asking for ideas of what to do with it when it appreciates beyond what is required?  Sorry, but don't understand what you're asking.
Exactly. You get paid in NXT made from trading, not from asset appreciation.

Receiving NXT for would probably be the most flexible, but let the asset holders speak.  I'm just a curious bystander.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: JanSako on November 07, 2014, 04:01:29 pm


Another thing - we distribute trading profit only as of now. If there is some overall portfolio growth we should discuss our policy here.
We can either sell the assets and realize profits as we get it or wait till it grows more, also trading profits in this case will be bigger.
Share your thoughts about this.

This would seem to imply the bot is taking long positions.  That seems quite risky.  Isn't it best to keep "portfolio" in NXT and distribute profits in NXT?
Nope.
There's an average balance in assets, bot constantly buys and sells them. so on average there is the same amount of assets.

So the average balance (trading pool?) increases in value over time. You are asking for ideas of what to do with it when it appreciates beyond what is required?  Sorry, but don't understand what you're asking.
Exactly. You get paid in NXT made from trading, not from asset appreciation.

If there is an 'asset pool' that somehow grows in value above what you define for the bot as 'hold', shouldn't the bot sell it automatically anyway?
I understand each share should be backed by 1 NXT in 'trading capital' (NXT + Assets). Everything above that should be considered 'profit' and paid out to according to the rules, otherwise share values start to appreciate. That would be fine with me, but it changes the whole concept of 1 share = 1 NXT.

I am for paying out in NXT, people can choose what they want to with their dividends.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 07, 2014, 08:03:01 pm


Another thing - we distribute trading profit only as of now. If there is some overall portfolio growth we should discuss our policy here.
We can either sell the assets and realize profits as we get it or wait till it grows more, also trading profits in this case will be bigger.
Share your thoughts about this.

This would seem to imply the bot is taking long positions.  That seems quite risky.  Isn't it best to keep "portfolio" in NXT and distribute profits in NXT?
Nope.
There's an average balance in assets, bot constantly buys and sells them. so on average there is the same amount of assets.

So the average balance (trading pool?) increases in value over time. You are asking for ideas of what to do with it when it appreciates beyond what is required?  Sorry, but don't understand what you're asking.
Exactly. You get paid in NXT made from trading, not from asset appreciation.

Receiving NXT for would probably be the most flexible, but let the asset holders speak.  I'm just a curious bystander.
:) You are very active for a bystander.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 07, 2014, 08:05:45 pm


Another thing - we distribute trading profit only as of now. If there is some overall portfolio growth we should discuss our policy here.
We can either sell the assets and realize profits as we get it or wait till it grows more, also trading profits in this case will be bigger.
Share your thoughts about this.

This would seem to imply the bot is taking long positions.  That seems quite risky.  Isn't it best to keep "portfolio" in NXT and distribute profits in NXT?
Nope.
There's an average balance in assets, bot constantly buys and sells them. so on average there is the same amount of assets.

So the average balance (trading pool?) increases in value over time. You are asking for ideas of what to do with it when it appreciates beyond what is required?  Sorry, but don't understand what you're asking.
Exactly. You get paid in NXT made from trading, not from asset appreciation.

If there is an 'asset pool' that somehow grows in value above what you define for the bot as 'hold', shouldn't the bot sell it automatically anyway?
I understand each share should be backed by 1 NXT in 'trading capital' (NXT + Assets). Everything above that should be considered 'profit' and paid out to according to the rules, otherwise share values start to appreciate. That would be fine with me, but it changes the whole concept of 1 share = 1 NXT.

I am for paying out in NXT, people can choose what they want to with their dividends.

Look you trade SuperNET asset for example. You can either buy 1 SuperNET asset and then sell it or  sell 1 asset and buy it back at lower price. So in effect you hold some SuperNET at all times.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: JanSako on November 07, 2014, 09:08:32 pm


Another thing - we distribute trading profit only as of now. If there is some overall portfolio growth we should discuss our policy here.
We can either sell the assets and realize profits as we get it or wait till it grows more, also trading profits in this case will be bigger.
Share your thoughts about this.

This would seem to imply the bot is taking long positions.  That seems quite risky.  Isn't it best to keep "portfolio" in NXT and distribute profits in NXT?
Nope.
There's an average balance in assets, bot constantly buys and sells them. so on average there is the same amount of assets.

So the average balance (trading pool?) increases in value over time. You are asking for ideas of what to do with it when it appreciates beyond what is required?  Sorry, but don't understand what you're asking.
Exactly. You get paid in NXT made from trading, not from asset appreciation.

If there is an 'asset pool' that somehow grows in value above what you define for the bot as 'hold', shouldn't the bot sell it automatically anyway?
I understand each share should be backed by 1 NXT in 'trading capital' (NXT + Assets). Everything above that should be considered 'profit' and paid out to according to the rules, otherwise share values start to appreciate. That would be fine with me, but it changes the whole concept of 1 share = 1 NXT.

I am for paying out in NXT, people can choose what they want to with their dividends.

Look you trade SuperNET asset for example. You can either buy 1 SuperNET asset and then sell it or  sell 1 asset and buy it back at lower price. So in effect you hold some SuperNET at all times.

Absolutely, and the sum of all the held assets + 'cash' NXT constitutes the value of the MMNXT asset, which should equal 1 NXT/share. I don't think we are in a disagreement.

Then once a week (or whenever) you calculate the current value of the asset, and whatever is the value over the 1 NXT times the number of sold shares, is profit, right?

If you feel like finding out what type of asset each of your investors want, that is up to you, just sounds like unnecessary when people can buy the asset themselves... You would have to count the current value of the asset paid out as dividend anyway, regardless of how much the bot paid for it, otherwise you would be cheating the people who take their dividends in NXT...
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: whatnxt on November 07, 2014, 09:26:23 pm
It seems to me that the average value of each share should remain 1NXT.
I say average because dividends build up over the week and asset prices go up and down.

If we all agree on this 1NXT target, which seems to be the case, then the only question that remains is how much above 1 can the asset pool take us before a payout occurs?

If we don't agree then we need 2 assets:
One with a target of 1NXT and excess paid in dividends.
The other, with free floating price, which builds up a fund using the bot to raise capital for investment. Or something similar.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 08, 2014, 02:50:59 pm
Thank you for your feedback. The best would be probably to realize profit for assets which shot up in value, by selling some of them. The rise in value should be really high, around 50% or so, to compensate for potential loss in profit due to trading with a smaller asset amount.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 09, 2014, 01:45:16 pm
Top daily profit today since the launch of the fund.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on November 09, 2014, 03:47:55 pm
Top daily profit today since the launch of the fund.

Well done.  I have a good feeling about your bots.  How long until arbitrage bots are launched?  Hopefully they improve your weekly performance into the region of 2-4%.
 
Also can you please reset your weekly profit amount (on the website) each time you pay dividends?  A running sum of the last 7 days is confusing.  Resetting each week enables potential investors to see what is happening more accurately.  If you want to show historic performance show it separately, but do not mix it in with the current week.  Otherwise it is misleading.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on November 09, 2014, 07:00:49 pm
Nice profit for today  :)
Keep it like that and I will like that!  :D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 10, 2014, 08:19:22 am
Top daily profit today since the launch of the fund.

Well done.  I have a good feeling about your bots.  How long until arbitrage bots are launched?  Hopefully they improve your weekly performance into the region of 2-4%.
 
Also can you please reset your weekly profit amount (on the website) each time you pay dividends?  A running sum of the last 7 days is confusing.  Resetting each week enables potential investors to see what is happening more accurately.  If you want to show historic performance show it separately, but do not mix it in with the current week.  Otherwise it is misleading.
Yes, good idea, we'll add day by day stats this week. Didn't have time to do it last week. We're working on arbitrage bots and MM bitcoin/litecoin bot, ETA is a couple of weeks for both.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 10, 2014, 08:20:04 am
Nice profit for today  :)
Keep it like that and I will like that!  :D
NeoDice trades were very nice yesterday
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: peterpanda on November 12, 2014, 03:08:31 am
the website http://www.mmnxt.com/
is not working now.
does anyone knows what the raason? and how can i check the weekly profit is?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on November 12, 2014, 07:33:55 am
the website http://www.mmnxt.com/
is not working now.
does anyone knows what the raason? and how can i check the weekly profit is?

Working now, but the website is still not made clear to understand.  There should be a day by day and week by week records.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 12, 2014, 07:53:59 am
Yes, it will be done this week
the website http://www.mmnxt.com/
is not working now.
does anyone knows what the raason? and how can i check the weekly profit is?

Working now, but the website is still not made clear to understand.  There should be a day by day and week by week records.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 14, 2014, 09:51:32 am
I decided to pay full 100% to shareholders this week once again.  Another not so simple week for NXT, so I want to show that we are working for the future.
Regarding development - arbitrage and MM neural bots for major cryptos (BTC LTC) are on the way. I was busy more with Coinomat this week but everything is moving forward, one coder works on inegrating new cryptoexchanges, other two guys work on neural net integration.
Yes, it will be done this week
the website http://www.mmnxt.com/
is not working now.
does anyone knows what the raason? and how can i check the weekly profit is?

Working now, but the website is still not made clear to understand.  There should be a day by day and week by week records.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Abraxas 147 on November 14, 2014, 10:57:41 am
Dividend received, thanks  8)

Coinomat integration into SuperNet GUI looks really nice and will be a big advantage I think. What are you planning concerning integration of the core coins of SuperNet, especially BTCD. Will this come soon? 
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 14, 2014, 11:30:31 am
Yes, we will be integrating all core coins of SuperNET, and plan to add many more coins through API (so for example you'll able to exchange them in their respective clients software). This will provide far greater transaction volume than adding a coin to coinomat.com main website.
Dividend received, thanks  8)

Coinomat integration into SuperNet GUI looks really nice and will be a big advantage I think. What are you planning concerning integration of the core coins of SuperNet, especially BTCD. Will this come soon?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 15, 2014, 11:50:21 pm
Nearly sold out. I hope you stick to your promise and don't put any more assets on the market in the shortterm and let the price float a bit!

Reminder:

I will sell them as the volume at NXT AE grows and as we engage additional markets. Currently it doesn't make sense to use more than 1-2 mil NXT for NXT AE market making bot.
What you plan to do with the 48M shares that is left?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on November 15, 2014, 11:57:40 pm
Nearly sold out. I hope you stick to your promise and don't put any more assets on the market in the shortterm and let the price float a bit!

Reminder:

I will sell them as the volume at NXT AE grows and as we engage additional markets. Currently it doesn't make sense to use more than 1-2 mil NXT for NXT AE market making bot.
What you plan to do with the 48M shares that is left?

ho wow, that was a big sale.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sirultimate on November 16, 2014, 09:53:17 am
Hi coinomat! Could you please provide more liquidity?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 16, 2014, 10:39:09 am
Nearly sold out. I hope you stick to your promise and don't put any more assets on the market in the shortterm and let the price float a bit!

Reminder:

I will sell them as the volume at NXT AE grows and as we engage additional markets. Currently it doesn't make sense to use more than 1-2 mil NXT for NXT AE market making bot.
What you plan to do with the 48M shares that is left?
Yes, I will :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 16, 2014, 10:40:22 am
Hi coinomat! Could you please provide more liquidity?
That's what we're doing actually!
Or what do you mean?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sirultimate on November 16, 2014, 11:48:46 am
Post #188 answered my question. Thank you.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 16, 2014, 01:47:12 pm
Oh I see what you mean. Once again I'll state this here -
once the IPO phase is over I will still be selling assets, but at market prices, and not more than needed at the moment.
Currently we don't need more for NXT AE trading. When we launch new bots we'll attract more funds. This is a dividend paying asset so people who buy it should receive around 5% monthly on their investment  as promised. Some people don't care about the dividends that much but care about the asset price, for them I let it trade at market prices. And it makes another asset for our bot to trade :)
Post #188 answered my question. Thank you.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on November 16, 2014, 02:42:12 pm
Oh I see what you mean. Once again I'll state this here -
once the IPO phase is over I will still be selling assets, but at market prices, and not more than needed at the moment.
Currently we don't need more for NXT AE trading. When we launch new bots we'll attract more funds. This is a dividend paying asset so people who buy it should receive around 5% monthly on their investment  as promised. Some people don't care about the dividends that much but care about the asset price, for them I let it trade at market prices. And it makes another asset for our bot to trade :)
Post #188 answered my question. Thank you.

This far mmnxt is not hitting the target of 2% ROI per week.  I guess there's not enough volume on the NXT AE.

It is only fair (to your current asset holders) to issue more assets ONLY after you're consistently hitting your intended target after subtracting your 40% fee.

Otherwise their weekly ROI just gets diluted by more asset holders.  Your bots need to earn more profits before more assets can be issued.  Otherwise you burn current asset holders who are expecting 2%.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 16, 2014, 02:46:00 pm
Expected ROI is 5-10% monthly and we're definitely making that now.
And I stated in the post above that we'll be selling assets when we will be paying more dividend, so yes I totally agree with you.

Oh I see what you mean. Once again I'll state this here -
once the IPO phase is over I will still be selling assets, but at market prices, and not more than needed at the moment.
Currently we don't need more for NXT AE trading. When we launch new bots we'll attract more funds. This is a dividend paying asset so people who buy it should receive around 5% monthly on their investment  as promised. Some people don't care about the dividends that much but care about the asset price, for them I let it trade at market prices. And it makes another asset for our bot to trade :)
Post #188 answered my question. Thank you.

This far mmnxt is not hitting the target of 2% ROI per week.  I guess there's not enough volume on the NXT AE.

It is only fair (to your current asset holders) to issue more assets ONLY after you're consistently hitting your intended target after subtracting your 40% fee.  Otherwise their weekly ROI just gets diluted by  more asset holders.  Your bots need to earn more profits before more assets can be issued.  Otherwise you burn current asset holders who are expecting 2%.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 16, 2014, 03:07:07 pm
How about adding a "Total Profit" and "Total Volume" on the website?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 16, 2014, 03:10:25 pm

How about adding a "Total Profit" and "Total Volume" on the website?
I remember about that, sorry couldn't make it last week. lots of Coinomat related stuff to do. Now IPO phase is over so we definitely have to do it this week.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 16, 2014, 04:27:53 pm

How about adding a "Total Profit" and "Total Volume" on the website?
I remember about that, sorry couldn't make it last week. lots of Coinomat related stuff to do. Now IPO phase is over so we definitely have to do it this week.

Thanks. These stats are great to calculate how profitable the volume of the bot is.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on November 16, 2014, 06:11:20 pm
Expected ROI is 5-10% monthly and we're definitely making that now.
And I stated in the post above that we'll be selling assets when we will be paying more dividend, so yes I totally agree with you.

Oh I see what you mean. Once again I'll state this here -
once the IPO phase is over I will still be selling assets, but at market prices, and not more than needed at the moment.
Currently we don't need more for NXT AE trading. When we launch new bots we'll attract more funds. This is a dividend paying asset so people who buy it should receive around 5% monthly on their investment  as promised. Some people don't care about the dividends that much but care about the asset price, for them I let it trade at market prices. And it makes another asset for our bot to trade :)
Post #188 answered my question. Thank you.

This far mmnxt is not hitting the target of 2% ROI per week.  I guess there's not enough volume on the NXT AE.

It is only fair (to your current asset holders) to issue more assets ONLY after you're consistently hitting your intended target after subtracting your 40% fee.  Otherwise their weekly ROI just gets diluted by  more asset holders.  Your bots need to earn more profits before more assets can be issued.  Otherwise you burn current asset holders who are expecting 2%.

Beg pardon, but it has not.  You have been giving up your own profits by waiving your 40% fee.  This cannot be counted.

Now you will start to have a hard time because a whale has just invested so much.  We doubt you can acheive 1-2% per week with such a vast quantity of NXT on the still relatively low volume NXT AE.

Just our prediction.  We will continue to watch your asset among others.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on November 16, 2014, 06:11:59 pm

How about adding a "Total Profit" and "Total Volume" on the website?
I remember about that, sorry couldn't make it last week. lots of Coinomat related stuff to do. Now IPO phase is over so we definitely have to do it this week.

Thanks. These stats are great to calculate how profitable the volume of the bot is.

+1
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: peterpanda on November 21, 2014, 02:04:43 am
Hi, how the bot work this week? :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 21, 2014, 08:04:14 am
Chugging along! I'll make a post later today when I pay the dividends.
Hi, how the bot work this week? :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 21, 2014, 10:17:06 am
Dividend payment for the week is processed. Quite slow week at NXT AE, but there was a compensation for this by the growth in value for some assets. This was counted in the paid dividend. In future if there's a significant prise rise for the held assets it will be distributed as dividends too.

Day-by-day stats will be uploaded during the week-end, our programmer is working on this right now.
Arbitrage bots and market making bots took a little more time than planned due to debugging, but all is under control.

As you probably know 2 mil IPO is sold out, MMNXT asset is being traded at market price now. No new sell orders will be put before launching new bots. The next bot to be launched is market making bot for bitcoin based on neural nets.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: peterpanda on November 21, 2014, 10:31:28 am
Dividend payment for the week is processed. Quite slow week at NXT AE, but there was a compensation for this by the growth in value for some assets. This was counted in the paid dividend. In future if there's a significant prise rise for the held assets it will be distributed as dividends too.

Day-by-day stats will be uploaded during the week-end, our programmer is working on this right now.
Arbitrage bots and market making bots took a little more time than planned due to debugging, but all is under control.

As you probably know 2 mil IPO is sold out, MMNXT asset is being traded at market price now. No new sell orders will be put before launching new bots. The next bot to be launched is market making bot for bitcoin based on neural nets.
Thank you for quick response, and i have received the dividend, it is nice
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Abraxas 147 on November 21, 2014, 11:04:10 am
Quote
No new sell orders will be put before launching new bots.

As far as I see it in the AE there is a sell order (at market price) on top of the 2 mil. shares. On 17/11/14 you transfered 20k shares to your bot and the bot is selling these shares...
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 21, 2014, 01:07:38 pm
Sure! It's trading MMNXT as any other asset. Buying and selling it.
Quote
No new sell orders will be put before launching new bots.

As far as I see it in the AE there is a sell order (at market price) on top of the 2 mil. shares. On 17/11/14 you transfered 20k shares to your bot and the bot is selling these shares...
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 21, 2014, 01:08:27 pm
Updated the website with the profit/volume plot and data.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on November 21, 2014, 01:20:21 pm
What is the website?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 21, 2014, 01:29:14 pm
http://mmnxt.com
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Abraxas 147 on November 21, 2014, 02:27:16 pm
Quote
Sure! It's trading MMNXT as any other asset. Buying and selling it.
Quote from: Abraxas 147 on Today at 11:04:10 am

    Quote

        No new sell orders will be put before launching new bots.


    As far as I see it in the AE there is a sell order (at market price) on top of the 2 mil. shares. On 17/11/14 you transfered 20k shares to your bot and the bot is selling these shares...

Yes, but there was a asset transfer first: 20k shares from issuing account to the bot. Thus, the bot was funded before starting the trades. What was the reason for this?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 21, 2014, 02:47:39 pm
To cut hosts, and provide more profit for shareholders.
Quote
Sure! It's trading MMNXT as any other asset. Buying and selling it.
Quote from: Abraxas 147 on Today at 11:04:10 am

    Quote

        No new sell orders will be put before launching new bots.


    As far as I see it in the AE there is a sell order (at market price) on top of the 2 mil. shares. On 17/11/14 you transfered 20k shares to your bot and the bot is selling these shares...

Yes, but there was a asset transfer first: 20k shares from issuing account to the bot. Thus, the bot was funded before starting the trades. What was the reason for this?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on November 21, 2014, 02:55:07 pm
So this 20k isn't extra on top of the 2 mil, it is part of it?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 21, 2014, 03:09:18 pm
As the by far biggest stakeholder I agree with using MMNXT shares from the issuer account to market make the MMNXT market. Just when you build up a nice amount of MMNXT shares, you need to send them back to issuer.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinTEr on November 21, 2014, 03:20:32 pm
Quote
So this 20k isn't extra on top of the 2 mil, it is part of it?

At the moment it is on top. I was one of the stupid guys that bought at 1.24.
(from _mr_e  ;D )

If I had known that you supply the bot from the remaining 48million shares
right after the 2million where sold, I would not have bought for that price.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 21, 2014, 05:05:38 pm
No, it's on top. Otherwise we would need to wait when our buy order is executed to start trading with a pair of orders. I don't think it makes sense.
So this 20k isn't extra on top of the 2 mil, it is part of it?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 21, 2014, 05:07:30 pm
Quote
So this 20k isn't extra on top of the 2 mil, it is part of it?

At the moment it is on top. I was one of the stupid guys that bought at 1.24.
(from _mr_e  ;D )

If I had known that you supply the bot from the remaining 48million shares
right after the 2million where sold, I would not have bought for that price.
Hm I didn't think that you would react like that. All right I'll send it back to the issuing account and start trading MMNXT from scratch.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 21, 2014, 05:09:07 pm
All right I'll send it back to the issuing account and start trading MMNXT from scratch.

Don't do that. Do the most profitable thing for the stakeholders.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on November 21, 2014, 05:15:00 pm
All right I'll send it back to the issuing account and start trading MMNXT from scratch.

Don't do that. Do the most profitable thing for the stakeholders.

While I do agree with you as a stakeholder myself, this wasn't right to just go ahead under the radar and do it without notifying anyone that the supply was indeed being increased. A simple message explaining it was temporary and would be returned would be much more responsible.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 21, 2014, 05:17:39 pm
All right I'll send it back to the issuing account and start trading MMNXT from scratch.

Don't do that. Do the most profitable thing for the stakeholders.
OK let's listen to what other shareholders have to say about this.
actually I can't see how me transferring tiny 20 k shares  for a bot to trade with could affect the share price.
The share price will grow I promise you that, we're just starting, coinomat sold at 2 and now it's 7
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 21, 2014, 05:19:34 pm
All right I'll send it back to the issuing account and start trading MMNXT from scratch.

Don't do that. Do the most profitable thing for the stakeholders.

While I do agree with you as a stakeholder myself, this wasn't right to just go ahead under the radar and do it without notifying anyone that the supply was indeed being increased. A simple message explaining it was temporary and would be returned would be much more responsible.
You might be right, I'll pay attention to this in future. Truly did not expect such a reaction. Also please understand that the bot tends to drive the price UP, not down.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Abraxas 147 on November 21, 2014, 05:20:06 pm
Quote
Quote from: TwinWinNerD on Today at 05:09:07 pm

    Quote from: coinomat on Today at 05:07:30 pm

        All right I'll send it back to the issuing account and start trading MMNXT from scratch.


    Don't do that. Do the most profitable thing for the stakeholders.


While I do agree with you as a stakeholder myself, this wasn't right to just go ahead under the radar and do it without notifying anyone that the supply was indeed being increased. A simple message explaining it was temporary and would be returned would be much more responsible.

+1

just communicate things like this before doing :-).
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 21, 2014, 05:24:16 pm
Quote
Quote from: TwinWinNerD on Today at 05:09:07 pm

    Quote from: coinomat on Today at 05:07:30 pm

        All right I'll send it back to the issuing account and start trading MMNXT from scratch.


    Don't do that. Do the most profitable thing for the stakeholders.


While I do agree with you as a stakeholder myself, this wasn't right to just go ahead under the radar and do it without notifying anyone that the supply was indeed being increased. A simple message explaining it was temporary and would be returned would be much more responsible.

+1

just communicate things like this before doing :-).
I will. I'll explain it once again - it's not nice to set a buy order and wait till it gets executed to start actually trading with an order pair, the way our bot does. So it was natural to cut corners here. But yes I should have told ya.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on November 21, 2014, 06:22:11 pm
Quote
So this 20k isn't extra on top of the 2 mil, it is part of it?

At the moment it is on top. I was one of the stupid guys that bought at 1.24.
(from _mr_e  ;D )

If I had known that you supply the bot from the remaining 48million shares
right after the 2million where sold, I would not have bought for that price.

Well somebody just bought a ton more so don't feel so bad haha.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 23, 2014, 05:56:45 pm
In b4 1.65!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on November 25, 2014, 05:03:57 pm
.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on November 25, 2014, 05:04:30 pm
.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 26, 2014, 02:55:38 am
Can you please also trade on the "real" mgwBTC market? The old one is soon shutting down and I think the bot can help bringing some liquidity to the market.

(Real mgwBTC ID: 17554243582654188572)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 26, 2014, 08:24:26 am
Can you please also trade on the "real" mgwBTC market? The old one is soon shutting down and I think the bot can help bringing some liquidity to the market.

(Real mgwBTC ID: 17554243582654188572)
Sure, waited for some liquidity there. I'll launch it now.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on November 26, 2014, 01:33:19 pm
Why are you buying/selling assets from/to your own bot using Coinomat account (NXT-6MVF-XTDR-MDTK-DPHEU)?

http://www.mynxt.info/blockexplorer/assets.php?asset=6220108297598959542 (http://www.mynxt.info/blockexplorer/assets.php?asset=6220108297598959542)

To show more "profits"?

Freemarket:

(http://i.piccy.info/i9/3a1553ad6027f16878e7a774636f0bb7/1417008638/27182/834084/3_800.jpg) (http://piccy.info/view3/7344043/d85493b39ca2b8542ae6baaf51a7c0bc/orig/)(http://i.piccy.info/a3/2014-11-26-13-30/i9-7344043/800x158-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-30/i9-7344043/800x158-r)

MGW:

(http://i.piccy.info/i9/c44e6b72e54da38af3412e8f070b91c2/1417008550/9798/834084/4_800.jpg) (http://piccy.info/view3/7344026/571008e3337d3804e0112267203d5f22/orig/)(http://i.piccy.info/a3/2014-11-26-13-29/i9-7344026/800x59-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-29/i9-7344026/800x59-r)

(http://i.piccy.info/i9/e539493e132bb60ebefdee7ffb5b9647/1417008439/9084/834084/2_800.jpg) (http://piccy.info/view3/7344012/fe3ca259465526941de40fe38f0e3c1d/orig/)(http://i.piccy.info/a3/2014-11-26-13-27/i9-7344012/800x54-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-27/i9-7344012/800x54-r)

ATOMIC:

(http://i.piccy.info/i9/3a6392402ab132a4a85ff53880d0d4a7/1417008721/9269/834084/5_800.jpg) (http://piccy.info/view3/7344053/db9a33589a9022dc1d5e6da14b152bd2/orig/)(http://i.piccy.info/a3/2014-11-26-13-32/i9-7344053/800x55-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-32/i9-7344053/800x55-r)

http://www.mmnxt.com/ (http://www.mmnxt.com/) 3941 today's profit? Bullshit.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on November 26, 2014, 01:56:00 pm
According to mynxt.info summary volume past 24 hours for Jinn, NeoDICE, FreeMarket, ATOMIC, MGW, Coinomat1, Coinomat, InstantDEX, SuperNET, mgwBTC(old), NEMstake, Nxttycoin, MMNXT, Pangea, LTCshare2G, jl777hold and NXTventure is 92 608.

And what do mmnxt.com show? Trade volume: 84 544. Bullshit.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 26, 2014, 02:02:29 pm
We were testing some stuff due to increased bot activity (maybe your bot? :) ), have to reduce time-outs and bot response time.
Profit is profit after all, it will be paid to the shareholders. Our goal is to get ready for the time when the AE volume is high enough to make serious profits, and now we're ready to invest in this.

Why are you buying/selling assets from/to your own bot using Coinomat account (NXT-6MVF-XTDR-MDTK-DPHEU)?

http://www.mynxt.info/blockexplorer/assets.php?asset=6220108297598959542 (http://www.mynxt.info/blockexplorer/assets.php?asset=6220108297598959542)

To show more "profits"?

Freemarket:

(http://i.piccy.info/i9/3a1553ad6027f16878e7a774636f0bb7/1417008638/27182/834084/3_800.jpg) (http://piccy.info/view3/7344043/d85493b39ca2b8542ae6baaf51a7c0bc/orig/)(http://i.piccy.info/a3/2014-11-26-13-30/i9-7344043/800x158-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-30/i9-7344043/800x158-r)

MGW:

(http://i.piccy.info/i9/c44e6b72e54da38af3412e8f070b91c2/1417008550/9798/834084/4_800.jpg) (http://piccy.info/view3/7344026/571008e3337d3804e0112267203d5f22/orig/)(http://i.piccy.info/a3/2014-11-26-13-29/i9-7344026/800x59-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-29/i9-7344026/800x59-r)

(http://i.piccy.info/i9/e539493e132bb60ebefdee7ffb5b9647/1417008439/9084/834084/2_800.jpg) (http://piccy.info/view3/7344012/fe3ca259465526941de40fe38f0e3c1d/orig/)(http://i.piccy.info/a3/2014-11-26-13-27/i9-7344012/800x54-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-27/i9-7344012/800x54-r)

ATOMIC:

(http://i.piccy.info/i9/3a6392402ab132a4a85ff53880d0d4a7/1417008721/9269/834084/5_800.jpg) (http://piccy.info/view3/7344053/db9a33589a9022dc1d5e6da14b152bd2/orig/)(http://i.piccy.info/a3/2014-11-26-13-32/i9-7344053/800x55-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-32/i9-7344053/800x55-r)

http://www.mmnxt.com/ (http://www.mmnxt.com/) 3941 today's profit? Bullshit.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on November 26, 2014, 02:08:58 pm
We were testing some stuff due to increased bot activity (maybe your bot? :) ), have to reduce time-outs and bot response time.
Profit is profit after all, it will be paid to the shareholders. Our goal is to get ready for the time when the AE volume is high enough to make serious profits, and now we're ready to invest in this.

Why are you buying/selling assets from/to your own bot using Coinomat account (NXT-6MVF-XTDR-MDTK-DPHEU)?

http://www.mynxt.info/blockexplorer/assets.php?asset=6220108297598959542 (http://www.mynxt.info/blockexplorer/assets.php?asset=6220108297598959542)

To show more "profits"?

Freemarket:

(http://i.piccy.info/i9/3a1553ad6027f16878e7a774636f0bb7/1417008638/27182/834084/3_800.jpg) (http://piccy.info/view3/7344043/d85493b39ca2b8542ae6baaf51a7c0bc/orig/)(http://i.piccy.info/a3/2014-11-26-13-30/i9-7344043/800x158-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-30/i9-7344043/800x158-r)

MGW:

(http://i.piccy.info/i9/c44e6b72e54da38af3412e8f070b91c2/1417008550/9798/834084/4_800.jpg) (http://piccy.info/view3/7344026/571008e3337d3804e0112267203d5f22/orig/)(http://i.piccy.info/a3/2014-11-26-13-29/i9-7344026/800x59-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-29/i9-7344026/800x59-r)

(http://i.piccy.info/i9/e539493e132bb60ebefdee7ffb5b9647/1417008439/9084/834084/2_800.jpg) (http://piccy.info/view3/7344012/fe3ca259465526941de40fe38f0e3c1d/orig/)(http://i.piccy.info/a3/2014-11-26-13-27/i9-7344012/800x54-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-27/i9-7344012/800x54-r)

ATOMIC:

(http://i.piccy.info/i9/3a6392402ab132a4a85ff53880d0d4a7/1417008721/9269/834084/5_800.jpg) (http://piccy.info/view3/7344053/db9a33589a9022dc1d5e6da14b152bd2/orig/)(http://i.piccy.info/a3/2014-11-26-13-32/i9-7344053/800x55-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-32/i9-7344053/800x55-r)

http://www.mmnxt.com/ (http://www.mmnxt.com/) 3941 today's profit? Bullshit.

Selling 708 MGW to your bot at 5.76 and then buying it back at 6.89 after two days? So that's how people testing bot response time. I see.

Buying Freemarket assets for 19k NXT? ATOMIC for 8k? Nice amount for testing.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 26, 2014, 02:09:55 pm
According to mynxt.info summary volume past 24 hours for Jinn, NeoDICE, FreeMarket, ATOMIC, MGW, Coinomat1, Coinomat, InstantDEX, SuperNET, mgwBTC(old), NEMstake, Nxttycoin, MMNXT, Pangea, LTCshare2G, jl777hold and NXTventure is 92 608.

And what do mmnxt.com show? Trade volume: 84 544. Bullshit.
Here's the stats from nextreporting: Trade Volume last 24h:    967'254 NXT 14'776 EUR

mynxt.info can't be right, the volume at AE is higher than 100 k NXT daily, this is obvious.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on November 26, 2014, 02:12:19 pm
According to mynxt.info summary volume past 24 hours for Jinn, NeoDICE, FreeMarket, ATOMIC, MGW, Coinomat1, Coinomat, InstantDEX, SuperNET, mgwBTC(old), NEMstake, Nxttycoin, MMNXT, Pangea, LTCshare2G, jl777hold and NXTventure is 92 608.

And what do mmnxt.com show? Trade volume: 84 544. Bullshit.
Here's the stats from nextreporting: Trade Volume last 24h:    967'254 NXT 14'776 EUR

mynxt.info can't be right, the volume at AE is higher than 100 k NXT daily, this is obvious.

I was looking at assets you trade. Not whole AE volume.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 26, 2014, 02:12:58 pm
We were testing some stuff due to increased bot activity (maybe your bot? :) ), have to reduce time-outs and bot response time.
Profit is profit after all, it will be paid to the shareholders. Our goal is to get ready for the time when the AE volume is high enough to make serious profits, and now we're ready to invest in this.

Why are you buying/selling assets from/to your own bot using Coinomat account (NXT-6MVF-XTDR-MDTK-DPHEU)?

http://www.mynxt.info/blockexplorer/assets.php?asset=6220108297598959542 (http://www.mynxt.info/blockexplorer/assets.php?asset=6220108297598959542)

To show more "profits"?

Freemarket:

(http://i.piccy.info/i9/3a1553ad6027f16878e7a774636f0bb7/1417008638/27182/834084/3_800.jpg) (http://piccy.info/view3/7344043/d85493b39ca2b8542ae6baaf51a7c0bc/orig/)(http://i.piccy.info/a3/2014-11-26-13-30/i9-7344043/800x158-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-30/i9-7344043/800x158-r)

MGW:

(http://i.piccy.info/i9/c44e6b72e54da38af3412e8f070b91c2/1417008550/9798/834084/4_800.jpg) (http://piccy.info/view3/7344026/571008e3337d3804e0112267203d5f22/orig/)(http://i.piccy.info/a3/2014-11-26-13-29/i9-7344026/800x59-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-29/i9-7344026/800x59-r)

(http://i.piccy.info/i9/e539493e132bb60ebefdee7ffb5b9647/1417008439/9084/834084/2_800.jpg) (http://piccy.info/view3/7344012/fe3ca259465526941de40fe38f0e3c1d/orig/)(http://i.piccy.info/a3/2014-11-26-13-27/i9-7344012/800x54-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-27/i9-7344012/800x54-r)

ATOMIC:

(http://i.piccy.info/i9/3a6392402ab132a4a85ff53880d0d4a7/1417008721/9269/834084/5_800.jpg) (http://piccy.info/view3/7344053/db9a33589a9022dc1d5e6da14b152bd2/orig/)(http://i.piccy.info/a3/2014-11-26-13-32/i9-7344053/800x55-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-32/i9-7344053/800x55-r)

http://www.mmnxt.com/ (http://www.mmnxt.com/) 3941 today's profit? Bullshit.

Selling 708 MGW to your bot at 5.76 and then buying it back at 6.89 after two days? So that's how people testing bot response time. I see.

Buying Freemarket assets for 19k NXT? ATOMIC for 8k? Nice amount for testing.
Sorry I needed to buy a couple of our orders to check some thought I had. Since you run a bot there too you probably understand what I wanted to check.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 26, 2014, 02:15:57 pm
According to mynxt.info summary volume past 24 hours for Jinn, NeoDICE, FreeMarket, ATOMIC, MGW, Coinomat1, Coinomat, InstantDEX, SuperNET, mgwBTC(old), NEMstake, Nxttycoin, MMNXT, Pangea, LTCshare2G, jl777hold and NXTventure is 92 608.

And what do mmnxt.com show? Trade volume: 84 544. Bullshit.
Here's the stats from nextreporting: Trade Volume last 24h:    967'254 NXT 14'776 EUR

mynxt.info can't be right, the volume at AE is higher than 100 k NXT daily, this is obvious.

I was looking at assets you trade. Not whole AE volume.

Jinn alone is: Trading Volume:   71'934 NXT (24 hours)
mynxt.info stats is wrong.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on November 26, 2014, 02:27:56 pm
We were testing some stuff due to increased bot activity (maybe your bot? :) ), have to reduce time-outs and bot response time.
Profit is profit after all, it will be paid to the shareholders. Our goal is to get ready for the time when the AE volume is high enough to make serious profits, and now we're ready to invest in this.

Why are you buying/selling assets from/to your own bot using Coinomat account (NXT-6MVF-XTDR-MDTK-DPHEU)?

http://www.mynxt.info/blockexplorer/assets.php?asset=6220108297598959542 (http://www.mynxt.info/blockexplorer/assets.php?asset=6220108297598959542)

To show more "profits"?

Freemarket:

(http://i.piccy.info/i9/3a1553ad6027f16878e7a774636f0bb7/1417008638/27182/834084/3_800.jpg) (http://piccy.info/view3/7344043/d85493b39ca2b8542ae6baaf51a7c0bc/orig/)(http://i.piccy.info/a3/2014-11-26-13-30/i9-7344043/800x158-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-30/i9-7344043/800x158-r)

MGW:

(http://i.piccy.info/i9/c44e6b72e54da38af3412e8f070b91c2/1417008550/9798/834084/4_800.jpg) (http://piccy.info/view3/7344026/571008e3337d3804e0112267203d5f22/orig/)(http://i.piccy.info/a3/2014-11-26-13-29/i9-7344026/800x59-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-29/i9-7344026/800x59-r)

(http://i.piccy.info/i9/e539493e132bb60ebefdee7ffb5b9647/1417008439/9084/834084/2_800.jpg) (http://piccy.info/view3/7344012/fe3ca259465526941de40fe38f0e3c1d/orig/)(http://i.piccy.info/a3/2014-11-26-13-27/i9-7344012/800x54-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-27/i9-7344012/800x54-r)

ATOMIC:

(http://i.piccy.info/i9/3a6392402ab132a4a85ff53880d0d4a7/1417008721/9269/834084/5_800.jpg) (http://piccy.info/view3/7344053/db9a33589a9022dc1d5e6da14b152bd2/orig/)(http://i.piccy.info/a3/2014-11-26-13-32/i9-7344053/800x55-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-32/i9-7344053/800x55-r)

http://www.mmnxt.com/ (http://www.mmnxt.com/) 3941 today's profit? Bullshit.

Selling 708 MGW to your bot at 5.76 and then buying it back at 6.89 after two days? So that's how people testing bot response time. I see.

Buying Freemarket assets for 19k NXT? ATOMIC for 8k? Nice amount for testing.
Sorry I needed to buy a couple of our orders to check some thought I had. Since you run a bot there too you probably understand what I wanted to check.

No I don't.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 26, 2014, 02:30:45 pm
We were testing some stuff due to increased bot activity (maybe your bot? :) ), have to reduce time-outs and bot response time.
Profit is profit after all, it will be paid to the shareholders. Our goal is to get ready for the time when the AE volume is high enough to make serious profits, and now we're ready to invest in this.

Why are you buying/selling assets from/to your own bot using Coinomat account (NXT-6MVF-XTDR-MDTK-DPHEU)?

http://www.mynxt.info/blockexplorer/assets.php?asset=6220108297598959542 (http://www.mynxt.info/blockexplorer/assets.php?asset=6220108297598959542)

To show more "profits"?

Freemarket:

(http://i.piccy.info/i9/3a1553ad6027f16878e7a774636f0bb7/1417008638/27182/834084/3_800.jpg) (http://piccy.info/view3/7344043/d85493b39ca2b8542ae6baaf51a7c0bc/orig/)(http://i.piccy.info/a3/2014-11-26-13-30/i9-7344043/800x158-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-30/i9-7344043/800x158-r)

MGW:

(http://i.piccy.info/i9/c44e6b72e54da38af3412e8f070b91c2/1417008550/9798/834084/4_800.jpg) (http://piccy.info/view3/7344026/571008e3337d3804e0112267203d5f22/orig/)(http://i.piccy.info/a3/2014-11-26-13-29/i9-7344026/800x59-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-29/i9-7344026/800x59-r)

(http://i.piccy.info/i9/e539493e132bb60ebefdee7ffb5b9647/1417008439/9084/834084/2_800.jpg) (http://piccy.info/view3/7344012/fe3ca259465526941de40fe38f0e3c1d/orig/)(http://i.piccy.info/a3/2014-11-26-13-27/i9-7344012/800x54-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-27/i9-7344012/800x54-r)

ATOMIC:

(http://i.piccy.info/i9/3a6392402ab132a4a85ff53880d0d4a7/1417008721/9269/834084/5_800.jpg) (http://piccy.info/view3/7344053/db9a33589a9022dc1d5e6da14b152bd2/orig/)(http://i.piccy.info/a3/2014-11-26-13-32/i9-7344053/800x55-r/i.gif) (http://i.piccy.info/a3c/2014-11-26-13-32/i9-7344053/800x55-r)

http://www.mmnxt.com/ (http://www.mmnxt.com/) 3941 today's profit? Bullshit.

Selling 708 MGW to your bot at 5.76 and then buying it back at 6.89 after two days? So that's how people testing bot response time. I see.

Buying Freemarket assets for 19k NXT? ATOMIC for 8k? Nice amount for testing.
Sorry I needed to buy a couple of our orders to check some thought I had. Since you run a bot there too you probably understand what I wanted to check.

No I don't.
Front-running.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on November 26, 2014, 02:42:36 pm
Front-running.

So you decided "What a hell. I'll check it by buying asset for 18k nxt on 1 asset and then 8k at another."?

Sane and lazy person would buy for 1 nxt at real AE if it was really testing. Sane dev would use testnet.

Your excuses are ridiculous.

And what about MGW? Your script got stuck for 2 days?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 26, 2014, 02:46:48 pm
Front-running.

So you decided "What a hell. I'll check it by buying asset for 18k nxt on 1 asset and then 8k at another."?

Sane and lazy person would buy for 1 nxt at real AE if it was really testing. Sane dev would use testnet.

Your excuses are ridiculous.


And what about MGW? Your script got stuck for 2 days?
they are not excuses, I told you why I did this. The competing bot (yours?) could pick up only our orders, and only above a certain amount. I can see that it is not the case now.
But, if someone (you?) implements front running we'll do that too.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on November 26, 2014, 02:54:40 pm
Front-running.

So you decided "What a hell. I'll check it by buying asset for 18k nxt on 1 asset and then 8k at another."?

Sane and lazy person would buy for 1 nxt at real AE if it was really testing. Sane dev would use testnet.

Your excuses are ridiculous.


And what about MGW? Your script got stuck for 2 days?
they are not excuses, I told you why I did this. The competing bot (yours?) could pick up only our orders, and only above a certain amount. I can see that it is not the case now.
But, if someone (you?) implements front running we'll do that too.

Good luck.
https://bitbucket.org/JeanLucPicard/nxt/issue/117/front-running-on-the-nxt-ae-by-trading (https://bitbucket.org/JeanLucPicard/nxt/issue/117/front-running-on-the-nxt-ae-by-trading)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 26, 2014, 02:58:34 pm
Front-running.

So you decided "What a hell. I'll check it by buying asset for 18k nxt on 1 asset and then 8k at another."?

Sane and lazy person would buy for 1 nxt at real AE if it was really testing. Sane dev would use testnet.

Your excuses are ridiculous.


And what about MGW? Your script got stuck for 2 days?
they are not excuses, I told you why I did this. The competing bot (yours?) could pick up only our orders, and only above a certain amount. I can see that it is not the case now.
But, if someone (you?) implements front running we'll do that too.

Good luck.
https://bitbucket.org/JeanLucPicard/nxt/issue/117/front-running-on-the-nxt-ae-by-trading (https://bitbucket.org/JeanLucPicard/nxt/issue/117/front-running-on-the-nxt-ae-by-trading)
If it gets fixed we'll be really glad, but if someone decides to abuse NXT AE we'll have to counter.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on November 26, 2014, 03:01:31 pm
Front-running.

So you decided "What a hell. I'll check it by buying asset for 18k nxt on 1 asset and then 8k at another."?

Sane and lazy person would buy for 1 nxt at real AE if it was really testing. Sane dev would use testnet.

Your excuses are ridiculous.


And what about MGW? Your script got stuck for 2 days?
they are not excuses, I told you why I did this. The competing bot (yours?) could pick up only our orders, and only above a certain amount. I can see that it is not the case now.
But, if someone (you?) implements front running we'll do that too.

Good luck.
https://bitbucket.org/JeanLucPicard/nxt/issue/117/front-running-on-the-nxt-ae-by-trading (https://bitbucket.org/JeanLucPicard/nxt/issue/117/front-running-on-the-nxt-ae-by-trading)
If it gets fixed we'll be really glad, but if someone decides to abuse NXT AE we'll have to counter.

Yeah right.

That abuse was know since FunBot times. But you didn't care much to "test" it. But now when you have problems with showing promised 10% profits it is very good opportunity to "test".

Still don't believe you.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 26, 2014, 03:13:56 pm
You are out of line sava
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Jean-Luc on November 26, 2014, 03:15:33 pm
Good luck.
https://bitbucket.org/JeanLucPicard/nxt/issue/117/front-running-on-the-nxt-ae-by-trading (https://bitbucket.org/JeanLucPicard/nxt/issue/117/front-running-on-the-nxt-ae-by-trading)
If it gets fixed we'll be really glad, but if someone decides to abuse NXT AE we'll have to counter.
As the last comment on the bitbucket issue says, front running will not be possible after 1.4 release, except by malicious forgers (for which we can't really think of a fix).
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on November 26, 2014, 03:20:51 pm
You are out of line sava

Buy more
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 26, 2014, 03:35:50 pm
Front-running.

So you decided "What a hell. I'll check it by buying asset for 18k nxt on 1 asset and then 8k at another."?

Sane and lazy person would buy for 1 nxt at real AE if it was really testing. Sane dev would use testnet.

Your excuses are ridiculous.


And what about MGW? Your script got stuck for 2 days?
they are not excuses, I told you why I did this. The competing bot (yours?) could pick up only our orders, and only above a certain amount. I can see that it is not the case now.
But, if someone (you?) implements front running we'll do that too.

Good luck.
https://bitbucket.org/JeanLucPicard/nxt/issue/117/front-running-on-the-nxt-ae-by-trading (https://bitbucket.org/JeanLucPicard/nxt/issue/117/front-running-on-the-nxt-ae-by-trading)
If it gets fixed we'll be really glad, but if someone decides to abuse NXT AE we'll have to counter.

Yeah right.

That abuse was know since FunBot times. But you didn't care much to "test" it. But now when you have problems with showing promised 10% profits it is very good opportunity to "test".

Still don't believe you.
I saw your bot trading and I probably see it trading now, and I have nothing against it, so I'll tell you once again - there's an increased bot activity since the beginning of the week, so I had to figure out what was going on. If you don't believe me - well, I'll move on :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 26, 2014, 03:37:05 pm
You are out of line sava

Buy more

You are saying he is manipulating the data and payout by transfering profits from his own account to the bot account. But there were like 5 trades at most and all the other profits were legit. Also what is his motivation for that? He isn't even trying to sell anymore MMNXT right now.

As I said, you are out of line here.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on November 26, 2014, 03:48:31 pm
You are out of line sava

Buy more

You are saying he is manipulating the data and payout by transfering profits from his own account to the bot account. But there were like 5 trades at most and all the other profits were legit. Also what is his motivation for that? He isn't even trying to sell anymore MMNXT right now.

As I said, you are out of line here.

You want to believe it. It took me 5 mins to find this few manipulations. And for me it is enough to see that something fishy going on. I am sure there are more. But it isn't worth my time since I am not invested in it neither care for investors losses or profits.

Just checked first time in this month how my rival was doing on AE. And suprisingly found these schemes going on.

Check all his trades and then say that there were 5 trades at most. Or believe his words. I don't care. It is your money.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 26, 2014, 03:52:08 pm
Look, I am trading each day on the AE and I see that the bot has a valid and profitable strategy. Even if he would have manipulated 50% of all historic profits, the bot would still be a good investment.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 27, 2014, 08:52:39 pm
hey coinomat, can you tell your programmer, that if the orders are filled for more than 80%, that he should cancel it and resubmit it? I see that the bot has often a very little amount offered even though it has plenty of assets left. I am sure that it works with "lots" internally, but something like that should be quite easy to add I think.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 27, 2014, 09:12:40 pm
hey coinomat, can you tell your programmer, that if the orders are filled for more than 80%, that he should cancel it and resubmit it? I see that the bot has often a very little amount offered even though it has plenty of assets left. I am sure that it works with "lots" internally, but something like that should be quite easy to add I think.
Hm well I have to think about that... actually it has to do with the way profit stats is counted, if you cancel incomplete orders the pair is not considered to be closed so the profit is not calculated, although there's some profit of course.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: jl777 on November 27, 2014, 09:17:12 pm
hey coinomat, can you tell your programmer, that if the orders are filled for more than 80%, that he should cancel it and resubmit it? I see that the bot has often a very little amount offered even though it has plenty of assets left. I am sure that it works with "lots" internally, but something like that should be quite easy to add I think.
Hm well I have to think about that... actually it has to do with the way profit stats is counted, if you cancel incomplete orders the pair is not considered to be closed so the profit is not calculated, although there's some profit of course.
try placing half sized orders (or even smaller fractions), so as an order is depleted a new order is placed
this allows optimizing price points too
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 27, 2014, 09:20:29 pm
hey coinomat, can you tell your programmer, that if the orders are filled for more than 80%, that he should cancel it and resubmit it? I see that the bot has often a very little amount offered even though it has plenty of assets left. I am sure that it works with "lots" internally, but something like that should be quite easy to add I think.
Hm well I have to think about that... actually it has to do with the way profit stats is counted, if you cancel incomplete orders the pair is not considered to be closed so the profit is not calculated, although there's some profit of course.
try placing half sized orders (or even smaller fractions), so as an order is depleted a new order is placed
this allows optimizing price points too

The problem with this is, that the bot has massiv outflow of funds thorugh trading fees. The smaller the fractions become the more daily trades become necessary. So you need to compare the expense with the potential yield.
IMO it is more profitable to add a second order once we are <20% and let the second order stand, or cancel the second order. Both seem to be more profitable than the status quo.

Half sized orders will work too, if you place them stategically.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: jl777 on November 27, 2014, 09:29:18 pm
hey coinomat, can you tell your programmer, that if the orders are filled for more than 80%, that he should cancel it and resubmit it? I see that the bot has often a very little amount offered even though it has plenty of assets left. I am sure that it works with "lots" internally, but something like that should be quite easy to add I think.
Hm well I have to think about that... actually it has to do with the way profit stats is counted, if you cancel incomplete orders the pair is not considered to be closed so the profit is not calculated, although there's some profit of course.
try placing half sized orders (or even smaller fractions), so as an order is depleted a new order is placed
this allows optimizing price points too

The problem with this is, that the bot has massiv outflow of funds thorugh trading fees. The smaller the fractions become the more daily trades become necessary. So you need to compare the expense with the potential yield.
IMO it is more profitable to add a second order once we are <20% and let the second order stand, or cancel the second order. Both seem to be more profitable than the status quo.

Half sized orders will work too, if you place them stategically.
since you are talking about placing another order anyway, I dont see any difference in trading fees.
just make half sized order and when it is halfway done, place the second half, etc. price points can be adjusted and get a bit better profitability. Clearly at some point the trading fees become an issue but even with quarter sized orders, it is 4x the trading fees 1 NXT -> 4 NXT. Not sure if this is a big issue, depends on frequency of trades and margings
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 27, 2014, 09:39:20 pm
hey coinomat, can you tell your programmer, that if the orders are filled for more than 80%, that he should cancel it and resubmit it? I see that the bot has often a very little amount offered even though it has plenty of assets left. I am sure that it works with "lots" internally, but something like that should be quite easy to add I think.
Hm well I have to think about that... actually it has to do with the way profit stats is counted, if you cancel incomplete orders the pair is not considered to be closed so the profit is not calculated, although there's some profit of course.
try placing half sized orders (or even smaller fractions), so as an order is depleted a new order is placed
this allows optimizing price points too

The problem with this is, that the bot has massiv outflow of funds thorugh trading fees. The smaller the fractions become the more daily trades become necessary. So you need to compare the expense with the potential yield.
IMO it is more profitable to add a second order once we are <20% and let the second order stand, or cancel the second order. Both seem to be more profitable than the status quo.

Half sized orders will work too, if you place them stategically.
since you are talking about placing another order anyway, I dont see any difference in trading fees.
just make half sized order and when it is halfway done, place the second half, etc. price points can be adjusted and get a bit better profitability. Clearly at some point the trading fees become an issue but even with quarter sized orders, it is 4x the trading fees 1 NXT -> 4 NXT. Not sure if this is a big issue, depends on frequency of trades and margings
If you always place orders that are at around half the size of the old orders and than the price moves you will have to pay more trading fees than just canceling the small part and placing a bigger one in the first place.

The bot had about 15000 orders in the last ~6 weeks, so it is not that little of a factor.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 28, 2014, 08:16:16 am
good suggestions! we'll implement some form of workaround, small orders seem to become a problem now, with increased bot activity at AE. We'll be optimizing the bot further this week, bot arms-race is inevitable :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 28, 2014, 09:49:58 am
Weekly dividend has been paid. We'll have to tweak some things  due to increased bot activity, some obvious upgrades will be made in the next few days.
Arbitrage bot will be launched after that, Bitcoin bot will be launched in test mode at the end of the next week.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 29, 2014, 01:43:07 am
http://www.nxtreporting.com/?tr=16289309111846288375

what happend here? That should not happen^^
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 29, 2014, 06:39:59 am
http://www.nxtreporting.com/?tr=16289309111846288375

what happend here? That should not happen^^
What transaction is that? I'm sorry don't get what you mean
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on November 29, 2014, 09:10:19 am
As predicted, the profitability of this asset has dropped a lot.  What's the plan of improving it?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 29, 2014, 11:04:43 am
As predicted, the profitability of this asset has dropped a lot.  What's the plan of improving it?
The same as before, add new bots and markets.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 29, 2014, 12:28:55 pm
http://www.nxtreporting.com/?tr=16289309111846288375

what happend here? That should not happen^^
What transaction is that? I'm sorry don't get what you mean

The bot entered a very high buy order, only 1-2 % away from its own sell order. Probably someone entered a bogus buy order that high to make the bot enter his order higher. There should be a mechanism, where the bot doesn't place an order that high and near his own other order.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 29, 2014, 01:38:57 pm
http://www.nxtreporting.com/?tr=16289309111846288375

what happend here? That should not happen^^
What transaction is that? I'm sorry don't get what you mean

The bot entered a very high buy order, only 1-2 % away from its own sell order. Probably someone entered a bogus buy order that high to make the bot enter his order higher. There should be a mechanism, where the bot doesn't place an order that high and near his own other order.
Actually bot is trying to make 1% and above profit on a order pair. But I'll look into this now, thank you
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on November 30, 2014, 03:33:40 pm
.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 30, 2014, 08:24:39 pm
.
What's that?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on November 30, 2014, 08:26:31 pm
.
What's that?

A dot, obviously! haha :D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 30, 2014, 10:26:05 pm
Just a quick question: Are you doing some testing with NXT-FTCB-PMEB-7LQU-F2HFD`?

Regards
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 01, 2014, 08:10:26 am
Just a quick question: Are you doing some testing with NXT-FTCB-PMEB-7LQU-F2HFD`?

Regards
We're moving to trading each asset with its own nxt account, so there are going to be around 20 different accounts at the same time
It has some obvious (and not so obvious) benefits.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on December 01, 2014, 09:17:30 am
.
What's that?

Lag. Sorry
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on December 01, 2014, 11:47:20 am
Just a quick question: Are you doing some testing with NXT-FTCB-PMEB-7LQU-F2HFD`?

Regards
We're moving to trading each asset with its own nxt account, so there are going to be around 20 different accounts at the same time
It has some obvious (and not so obvious) benefits.

I guess you saw that I did that. Well, it is more headache actually. I tried and got more porblems which surpass benefits. Will be interesting to watch you doing it however.

I advise you to stop on that 6 accounts you make so far and wait 1-2 weeks before making more.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on December 01, 2014, 11:51:24 am
Plus, with your new agressive style fees will rose up at least x2.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 01, 2014, 12:01:29 pm
Plus, with your new agressive style fees will rose up at least x2.
It's actually strange but the thing here is with multiple accs there will be LESS technical complications than with one acc.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on December 01, 2014, 12:19:12 pm
Plus, with your new agressive style fees will rose up at least x2.
It's actually strange but the thing here is with multiple accs there will be LESS technical complications than with one acc.

Biggest problem for me was to monitor 10+ accounts.

P.S. There were no new bots on AE besides ours. All activity your saw was from mine new accs.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 01, 2014, 08:16:28 pm
Plus, with your new agressive style fees will rose up at least x2.
It's actually strange but the thing here is with multiple accs there will be LESS technical complications than with one acc.

Biggest problem for me was to monitor 10+ accounts.

P.S. There were no new bots on AE besides ours. All activity your saw was from mine new accs.
Yes I figured that out actually :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on December 02, 2014, 12:51:17 am
As predicted, the profitability of this asset has dropped a lot.  What's the plan of improving it?
The same as before, add new bots and markets.

Definitely should not issue any new assets until profitability is good for exsiting asset holders, even after new bots and markets are added.  NXT AE must be an interesting bot since you can see the holdings of those who have open orders... could do some interesting things with this info.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 03, 2014, 03:00:46 pm
Very good trading volume at NXT AE today, lots of stuff going on, I hope it will go only upwards from here.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on December 04, 2014, 12:31:14 am
Did you guys see yesterdays trading profits? http://www.mmnxt.com/

PANIC BUY!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 04, 2014, 10:32:34 am
Nice volume at AE right now, hope it will go like that from now on
Did you guys see yesterdays trading profits? http://www.mmnxt.com/

PANIC BUY!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 05, 2014, 08:50:44 am
Weekly dividend has been sent. I decided to send the full 100% profit before we launch new Bitcoin and arbitrage bots. Currently the profit is not that high, so we are ready to pay 100% of it, to prepare you for the time when the profits should be 10-100 times as much as what he have now.

I must say AE is definitely on the rise, a lot of new assets and nice trading volume for established ones. Next week we'll start the arbitrage bot, the week after that market making Bitcoin bot.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: lmmjvsd on December 05, 2014, 08:59:43 am
Thanks for dividends
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: blackyblack1 on December 05, 2014, 09:02:03 am
Weekly dividend has been sent. I decided to send the full 100% profit before we launch new Bitcoin and arbitrage bots. Currently the profit is not that high, so we are ready to pay 100% of it, to prepare you for the time when the profits should be 10-100 times as much as what he have now.

I must say AE is definitely on the rise, a lot of new assets and nice trading volume for established ones. Next week we'll start the arbitrage bot, the week after that market making Bitcoin bot.
Is it possible to invest only in arbitrage bot and not invest in market making bots?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on December 05, 2014, 09:05:18 am
Thanks

The best asset on the AE
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: profitofthegods on December 05, 2014, 09:14:56 am
Weekly dividend has been sent. I decided to send the full 100% profit before we launch new Bitcoin and arbitrage bots. Currently the profit is not that high, so we are ready to pay 100% of it, to prepare you for the time when the profits should be 10-100 times as much as what he have now.

I must say AE is definitely on the rise, a lot of new assets and nice trading volume for established ones. Next week we'll start the arbitrage bot, the week after that market making Bitcoin bot.

Very nice, thanks.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 05, 2014, 09:18:15 am
Weekly dividend has been sent. I decided to send the full 100% profit before we launch new Bitcoin and arbitrage bots. Currently the profit is not that high, so we are ready to pay 100% of it, to prepare you for the time when the profits should be 10-100 times as much as what he have now.

I must say AE is definitely on the rise, a lot of new assets and nice trading volume for established ones. Next week we'll start the arbitrage bot, the week after that market making Bitcoin bot.
Is it possible to invest only in arbitrage bot and not invest in market making bots?
Probably not. When we launch new bots we'll add some more shares for sale, but they are all in one MMNXT asset.
I could split them in multiple assets but that probably wouldn't make any other sense than being a pure marketing thing.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on December 05, 2014, 11:23:33 am
Weekly dividend has been sent. I decided to send the full 100% profit before we launch new Bitcoin and arbitrage bots. Currently the profit is not that high, so we are ready to pay 100% of it, to prepare you for the time when the profits should be 10-100 times as much as what he have now.

I must say AE is definitely on the rise, a lot of new assets and nice trading volume for established ones. Next week we'll start the arbitrage bot, the week after that market making Bitcoin bot.
Is it possible to invest only in arbitrage bot and not invest in market making bots?

This is not possible because those who already hold MMNXT have bought in specifically for the new Bitcoin and arbitrage bots.

I don't think anyone really care much about the NXT AE market maker as it's low volume.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: youyou on December 05, 2014, 11:31:25 am
Weekly dividend has been sent. I decided to send the full 100% profit before we launch new Bitcoin and arbitrage bots. Currently the profit is not that high, so we are ready to pay 100% of it, to prepare you for the time when the profits should be 10-100 times as much as what he have now.

I must say AE is definitely on the rise, a lot of new assets and nice trading volume for established ones. Next week we'll start the arbitrage bot, the week after that market making Bitcoin bot.
Is it possible to invest only in arbitrage bot and not invest in market making bots?

This is not possible because those who already hold MMNXT have bought in specifically for the new Bitcoin and arbitrage bots.

I don't think anyone really care much about the NXT AE market maker as it's low volume.

agree with that
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 05, 2014, 11:37:35 am
Weekly dividend has been sent. I decided to send the full 100% profit before we launch new Bitcoin and arbitrage bots. Currently the profit is not that high, so we are ready to pay 100% of it, to prepare you for the time when the profits should be 10-100 times as much as what he have now.

I must say AE is definitely on the rise, a lot of new assets and nice trading volume for established ones. Next week we'll start the arbitrage bot, the week after that market making Bitcoin bot.
Is it possible to invest only in arbitrage bot and not invest in market making bots?

This is not possible because those who already hold MMNXT have bought in specifically for the new Bitcoin and arbitrage bots.

I don't think anyone really care much about the NXT AE market maker as it's low volume.
You are wrong, if NXT was at the price of around 0.07 USD it has been a while ago, the profits would already be good. And this is an infrastructure project, each exchange should have bots, and we will be THE bot for AE. AE grows and we grow with it.
All stuff we will do in future will be important for profits, but the core of our operation will always be NXT AE.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on December 05, 2014, 11:44:56 am
I stand corrected about the importance of the NXT market maker bots.  Apparently some people care a lot about them and it could become extremely important and profitable in the future.

However... many did not invest for the NXT AE market maker, but rather the arbitrage bots and so my point stands.  Bottom line for most investors is profit.  It would be a nice bonus if one day NXT market maker become mega profitable.  I am not sure how likely that is.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 05, 2014, 12:10:00 pm
Profits will rise many times of what we have now, I promise you that.
I stand corrected about the importance of the NXT market maker bots.  Apparently some people care a lot about them and it could become extremely important and profitable in the future.

However... many did not invest for the NXT AE market maker, but rather the arbitrage bots and so my point stands.  Bottom line for most investors is profit.  It would be a nice bonus if one day NXT market maker become mega profitable.  I am not sure how likely that is.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on December 05, 2014, 12:11:56 pm
Profits will rise many times of what we have now, I promise you that.
I stand corrected about the importance of the NXT market maker bots.  Apparently some people care a lot about them and it could become extremely important and profitable in the future.

However... many did not invest for the NXT AE market maker, but rather the arbitrage bots and so my point stands.  Bottom line for most investors is profit.  It would be a nice bonus if one day NXT market maker become mega profitable.  I am not sure how likely that is.

That's great.

My main point was that it would be unfair to split up the NXT AE profits from the new Bitcoin and arbitrage bots because many who invested specifically invested in both as that was what was on offer.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on December 05, 2014, 12:18:08 pm
My main point was that it would be unfair to split up the NXT AE profits from the new Bitcoin and arbitrage bots because many who invested specifically invested in both as that was what was on offer.

I agree with that.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xcn on December 05, 2014, 12:22:39 pm
I don't think anyone really care much about the NXT AE market maker as it's low volume.

I care, and I know people who care too. We definitely need MM bot for AE, no matter how low its volume is now.

My main point was that it would be unfair to split up the NXT AE profits from the new Bitcoin and arbitrage bots because many who invested specifically invested in both as that was what was on offer.

I agree with that.

+1
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on December 05, 2014, 12:30:18 pm
I care for MM on AE. Makes AE much more liquid
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: KarlKarlsson on December 05, 2014, 12:32:35 pm

Weekly dividend has been sent. I decided to send the full 100% profit before we launch new Bitcoin and arbitrage bots. Currently the profit is not that high, so we are ready to pay 100% of it, to prepare you for the time when the profits should be 10-100 times as much as what he have now.

I must say AE is definitely on the rise, a lot of new assets and nice trading volume for established ones. Next week we'll start the arbitrage bot, the week after that market making Bitcoin bot.
Is it possible to invest only in arbitrage bot and not invest in market making bots?
Probably not. When we launch new bots we'll add some more shares for sale, but they are all in one MMNXT asset.
I could split them in multiple assets but that probably wouldn't make any other sense than being a pure marketing thing.
At what price will you offer the new shares?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on December 05, 2014, 12:40:40 pm
I'd say at 1.5 or higher
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xcn on December 05, 2014, 12:44:02 pm
I'd say at 1.5 or higher

I'm ready to PANIC BUY!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 05, 2014, 01:09:45 pm
The new shares will be offered at current market price, and we'll do it in such a way that the price should only grow.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on December 05, 2014, 03:27:50 pm
The new shares will be offered at current market price, and we'll do it in such a way that the price should only grow.

New shares should not be issued until your bots are surpassing return targets without giving up your 40%.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 05, 2014, 03:33:03 pm
The new shares will be offered at current market price, and we'll do it in such a way that the price should only grow.

New shares should not be issued until your bots are surpassing return targets without giving up your 40%.
We pay 20 k NXT per week in dividens, it's 1% weekly.
Promised dividend is 5-10% monthly, so we're close to this range.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on December 05, 2014, 03:35:34 pm
Still, I agree that it is much too early to be releasing new shares. I think we should wait until Market price is at least a consistent 1.5.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 05, 2014, 08:20:24 pm

Still, I agree that it is much too early to be releasing new shares. I think we should wait until Market price is at least a consistent 1.5.
When new bots are ready! Now we simply don't need more funds.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on December 10, 2014, 04:06:21 pm
Please add jl777hodl market, it is now very liquid and active. And there is a deal inplace that keeps it near the NAV.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Cassius on December 10, 2014, 04:45:15 pm
Invested, watching :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 10, 2014, 08:44:04 pm
Please add jl777hodl market, it is now very liquid and active. And there is a deal inplace that keeps it near the NAV.
Actually we're trading it :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on December 10, 2014, 08:45:16 pm
Please add jl777hodl market, it is now very liquid and active. And there is a deal inplace that keeps it near the NAV.
Actually we're trading it :)

I have to look harder now, with the L4SD account it was easy :D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 10, 2014, 09:01:22 pm
Please add jl777hodl market, it is now very liquid and active. And there is a deal inplace that keeps it near the NAV.
Actually we're trading it :)

I have to look harder now, with the L4SD account it was easy :D
Yep, we have about 10 different accs now.
But you'll find us :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Peter2516 on December 10, 2014, 09:30:42 pm
Please add jl777hodl market, it is now very liquid and active. And there is a deal inplace that keeps it near the NAV.
Actually we're trading it :)
And James just preannounced something in Slack "I expect JLH trading volumes to go up, a lot, and the spread around the NAV to shrink, so this is not a "moon" thing, but a liquidity thing and liquidity is quite important. Once we can maintain small spreads like 0.1 with volumes for JLH orderbooks, that would mean going from asset<->asset will also have much better spreads than now"
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 12, 2014, 08:46:59 am
Weekly dividends have been paid out. Next week: arbitrage bots live, bitcoin bot live, new shares will be offered at AE and another exchange. NXT bot works fine, it's time to scale and increase profits.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: toenu on December 12, 2014, 09:22:04 am
Thanks coinomat. This has become one of my favourite assets, regular dividends and the price has appreciated very nicely ;D
Looking forward to the new bots.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Cassius on December 12, 2014, 10:30:35 am
Weekly dividends have been paid out. Next week: arbitrage bots live, bitcoin bot live, new shares will be offered at AE and another exchange. NXT bot works fine, it's time to scale and increase profits.

Thanks coinomat.
What price new assets?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: martismartis on December 12, 2014, 10:51:28 am
Thanks Coinomat. Could you please give a name for your dividend paying account?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on December 12, 2014, 12:44:11 pm
Thanks Coinomat. Could you please give a name for your dividend paying account?

+1
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 12, 2014, 01:07:28 pm
Thanks Coinomat. Could you please give a name for your dividend paying account?

+1
NXT-KAK4-SDL7-DHGT-9W37B
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 12, 2014, 01:14:35 pm
Weekly dividends have been paid out. Next week: arbitrage bots live, bitcoin bot live, new shares will be offered at AE and another exchange. NXT bot works fine, it's time to scale and increase profits.

Thanks coinomat.
What price new assets?
It will be offered at the current market price, so 1.5-1.7 NXT
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: martismartis on December 12, 2014, 01:47:48 pm
Thanks Coinomat. Could you please give a name for your dividend paying account?

+1
NXT-KAK4-SDL7-DHGT-9W37B

No, give a name for account in your client :) Name it "MMNXT dividend paying" account or other :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 12, 2014, 02:22:53 pm
Thanks Coinomat. Could you please give a name for your dividend paying account?

+1
NXT-KAK4-SDL7-DHGT-9W37B

No, give a name for account in your client :) Name it "MMNXT dividend paying" account or other :)
:) Sorry misunderstood you. Sure, I'll do it now.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on December 12, 2014, 02:24:16 pm
Weekly dividends have been paid out. Next week: arbitrage bots live, bitcoin bot live, new shares will be offered at AE and another exchange. NXT bot works fine, it's time to scale and increase profits.
Current holders will be exposed to all these new bots as well?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 12, 2014, 03:21:39 pm
Weekly dividends have been paid out. Next week: arbitrage bots live, bitcoin bot live, new shares will be offered at AE and another exchange. NXT bot works fine, it's time to scale and increase profits.
Current holders will be exposed to all these new bots as well?
Of course!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: lemonhead on December 15, 2014, 02:34:31 pm
When is the next batch offer?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on December 17, 2014, 12:27:44 am
I need some NXT and put up 100,000 MMNXT for sale at the AE!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on December 17, 2014, 04:17:10 am
MMNXT now tradable at poloniex! Amazing.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 17, 2014, 08:46:53 am
Yes! We're trading at Polo now, they activated it yesterday, proper launch will be today.
Both BTC MM and arbitrage bot are ready to go, so we're adding some liquidity to NXT AE. It will be done very gently so as the price should go only upwards. I wanna work out this strategy when the liquidity is added gradually based on current demand.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 17, 2014, 02:13:32 pm
Poloniex trading is officially live, there's a relatively deep order book at the moment. If you want to trade MMNXT for BTC you are welcome to do it at poloniex.com. If you would like to buy mmnxt shares in bulk without skewing the market - PM me, we'll try to work something out.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on December 19, 2014, 09:12:50 am
Yes! We're trading at Polo now, they activated it yesterday, proper launch will be today.
Both BTC MM and arbitrage bot are ready to go, so we're adding some liquidity to NXT AE. It will be done very gently so as the price should go only upwards. I wanna work out this strategy when the liquidity is added gradually based on current demand.

Been following this asset for some time.  It's very disappointing you've decided to issue more assets and massively dilute your current asset holders.

Your bots simply are not performing well enough to justify more dilution.

Current asset holder are not yet receving anything near your target of 1-2% per week.  My profit rating for this asset has therefore been dowgraded from bad to worse.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 19, 2014, 10:06:54 am
Yes! We're trading at Polo now, they activated it yesterday, proper launch will be today.
Both BTC MM and arbitrage bot are ready to go, so we're adding some liquidity to NXT AE. It will be done very gently so as the price should go only upwards. I wanna work out this strategy when the liquidity is added gradually based on current demand.

Been following this asset for some time.  It's very disappointing you've decided to issue more assets and massively dilute your current asset holders.

Current asset holder are not yet receving anything near your target of 1-2% per week.  My profit rating for this asset has therefore been dowgraded from bad to worse.
You are wrong, we paid around 20 K nxt per week, which was around 1%.
The initial phase of our project is over, our bot trades well at AE, making up to 10% daily volume there.
We've launched new bots now, so the shareholder profits will only grow.
I can't understand your negativity actually, I see you writing some negative stuff here all the time, do you hold any MMNXT shares at all? :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on December 19, 2014, 10:10:14 am
I spoke just in time.  It seems this week dividend was a terrible 0.6%
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 19, 2014, 10:10:24 am
Weekly dividend has been paid, we'll keep paying the full profit till our weekly profit is around 50 k NXT, which should happen in a couple weeks when our arbitrage and MM BTC bot pick up steam. They both are live now, stats will be added to the MMNXT.COM website within several days.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 19, 2014, 10:12:10 am
I spoke just in time.  It seems this week dividend was a terrible 0.6%
Will go only upwards from here, I promise you. We've been busy with the bots the whole week, now they are trading live and the next phase of our project has started.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on December 19, 2014, 10:13:28 am
Yes! We're trading at Polo now, they activated it yesterday, proper launch will be today.
Both BTC MM and arbitrage bot are ready to go, so we're adding some liquidity to NXT AE. It will be done very gently so as the price should go only upwards. I wanna work out this strategy when the liquidity is added gradually based on current demand.

Been following this asset for some time.  It's very disappointing you've decided to issue more assets and massively dilute your current asset holders.

Current asset holder are not yet receving anything near your target of 1-2% per week.  My profit rating for this asset has therefore been dowgraded from bad to worse.
You are wrong, we paid around 20 K nxt per week, which was around 1%.
The initial phase of our project is over, our bot trades well at AE, making up to 10% daily volume there.
We've launched new bots now, so the shareholder profits will only grow.
I can't understand your negativity actually, I see you writing some negative stuff here all the time, do you hold any MMNXT shares at all? :)

You've been short of 20K and you keep giving up your 40%. that's the very definition of underperformance.  Ah, but say what you will to keep it positive.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on December 19, 2014, 10:15:08 am
I spoke just in time.  It seems this week dividend was a terrible 0.6%
Will go only upwards from here, I promise you. We've been busy with the bots the whole week, now they are trading live and the next phase of our project has started.

My concern is you dilute too much.  so far dividends have been failling. I've been watching your bots so I know they are real.  Should make sure you hit target before diluting is all I'm saying.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on December 19, 2014, 10:20:27 am
I spoke just in time.  It seems this week dividend was a terrible 0.6%
Will go only upwards from here, I promise you. We've been busy with the bots the whole week, now they are trading live and the next phase of our project has started.

Good to hear, but proof is in the pudding.  Bottom line is weekly dividend.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 19, 2014, 10:37:57 am
I spoke just in time.  It seems this week dividend was a terrible 0.6%
Will go only upwards from here, I promise you. We've been busy with the bots the whole week, now they are trading live and the next phase of our project has started.

My concern is you dilute too much.  so far dividends have been failling. I've been watching your bots so I know they are real.  Should make sure you hit target before diluting is all I'm saying.
Well we need funds to trade the new bots. Arbitrage bot won't consume too much, 100 BTC should be enough for altcoins abritrage.
On the other hand bitcoin market making and arbitrage between exchanges can consume almost any amount of funds now, Bitcoins a quite mature and liquid market now, with hedge funds with millions of dollars trading on it.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on December 19, 2014, 12:24:21 pm
I spoke just in time.  It seems this week dividend was a terrible 0.6%
Will go only upwards from here, I promise you. We've been busy with the bots the whole week, now they are trading live and the next phase of our project has started.

My concern is you dilute too much.  so far dividends have been failling. I've been watching your bots so I know they are real.  Should make sure you hit target before diluting is all I'm saying.
Well we need funds to trade the new bots. Arbitrage bot won't consume too much, 100 BTC should be enough for altcoins abritrage.
On the other hand bitcoin market making and arbitrage between exchanges can consume almost any amount of funds now, Bitcoins a quite mature and liquid market now, with hedge funds with millions of dollars trading on it.

Hmm.. then I'd suggest a capped amount of assets issued under mmnxt for BTC arbitrage.  Otherwise absolute whales will completely dillute any reasonable size investors.  Then open a new fund for BTC arbitrage, because it sounds like a different kind of animal.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 19, 2014, 01:36:31 pm
I spoke just in time.  It seems this week dividend was a terrible 0.6%
Will go only upwards from here, I promise you. We've been busy with the bots the whole week, now they are trading live and the next phase of our project has started.

My concern is you dilute too much.  so far dividends have been failling. I've been watching your bots so I know they are real.  Should make sure you hit target before diluting is all I'm saying.
Well we need funds to trade the new bots. Arbitrage bot won't consume too much, 100 BTC should be enough for altcoins abritrage.
On the other hand bitcoin market making and arbitrage between exchanges can consume almost any amount of funds now, Bitcoins a quite mature and liquid market now, with hedge funds with millions of dollars trading on it.

Hmm.. then I'd suggest a capped amount of assets issued under mmnxt for BTC arbitrage.  Otherwise absolute whales will completely dillute any reasonable size investors.  Then open a new fund for BTC arbitrage, because it sounds like a different kind of animal.
This is a matter of taste, you could dilute the activity of our fund in ten diffferent assets, of course. But I'd prefer to have one big asset instead.
Don't worry about the dilution, I understand that if the dividend per asset falls people won't be happy, so we'll make sure that the attracted funds correspond to the profits we make. That is the target profit is 5%+ per month.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 19, 2014, 01:43:17 pm
There's some misconception in a couple of PM's I got, maybe I didn't put it clear enough - the new assets are offered  to fund our new bots, we completed their coding and they need funds to trade.  In next months dividends should rise substantially, arbitrage bots are almost risk free, Bitcoin trading bots perform also well now, much better than forex bots for example. Bitcoin is a lot more predictable than, say, EURUSD pair

If you want to buy in bulk without going to open market please let me know.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xibeijan on December 19, 2014, 03:50:06 pm
We want to buy (shares of BTC/altcoin/trading-bots/arbitrage) on NXT AE, not on poloniex!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 20, 2014, 01:56:12 pm
We want to buy (shares of BTC/altcoin/trading-bots/arbitrage) on NXT AE, not on poloniex!
You can do it easily :))) There's enough liquidity there, this is one of the most traded assets actually.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on December 20, 2014, 11:27:05 pm
Nope, only negative profits
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 21, 2014, 03:20:56 pm
Nope, only negative profits
Please elaborate, what do you mean?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on December 21, 2014, 03:22:27 pm
Haha someone posted (I think sebastian) that the volume was negative (shown on MMNXT.com). But it was only the profits that were negative for -20 or so.

But now he deleted his post and I look ridiculous :D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 21, 2014, 07:47:34 pm
Haha someone posted (I think sebastian) that the volume was negative (shown on MMNXT.com). But it was only the profits that were negative for -20 or so.

But now he deleted his post and I look ridiculous :D
I'll add some liquidity to AE, polo seems to have a couple of rough days
If someone wants to buy with BTC pls let me know
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on December 21, 2014, 08:25:08 pm
Haha someone posted (I think sebastian) that the volume was negative (shown on MMNXT.com). But it was only the profits that were negative for -20 or so.

But now he deleted his post and I look ridiculous :D

sorry, I deleted my post like 30 sec after I posted it, you were to fast! I did not saw (at first) the double left-right y-axis, so the volume looked like negative from the profit axis. It was only the profit that was -20 or so as you say.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sapphire on December 22, 2014, 08:26:08 pm
Interesting sudden sell off on AE. Have I missed some negative news?

coinomat, how's your bot doing? The stats keep showing nice profit and as far as I get it, you keep paying the dividends properly. Anything new, more plans on development?

It's dark times for LTCGear-dependent assets, which have been the most profitable ones lately, now MMNXT is the most profitable one, isn't it?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on December 22, 2014, 08:28:16 pm
This bot has a lot of problems. Me and others have had a very easy time toying with it by placing small orders in order to get it to shift it's position up high enough to either dump into or buy from. It's made me some nice profits.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on December 22, 2014, 08:32:37 pm
If LTCgear happen to vanish, I think MMNXT will be one of the best dividend asset. TwinWinNerD has a lot of the MMNXT asset and I think he wanted to cash out some of them (read upthere).

There is still STSH which I think is build in such a way to not to be affected by LTCgear going down.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 22, 2014, 08:57:07 pm
This bot has a lot of problems. Me and others have had a very easy time toying with it by placing small orders in order to get it to shift it's position up high enough to either dump into or buy from. It's made me some nice profits.
What asset do you mean? If you mean some funny stuff which happened at MMNXT asset market now it won't happen again, lol. If you hold MMNXT asset you shouldn't try to manipulate the price like that, I can't see any point in this for you. In any case, as I said, it won't happen again. I just didn't expect someone bringing down the price to make profit of like 10 k NXT, it's illogical.

It cannot happen at any other market the bot is active at, for MMNXT i added some liquidity, as promised, so the bot worked in SELL mode only. In normal mode it's impossible.

But thank you guys, now we'll make some obvious amendments.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on December 22, 2014, 09:02:47 pm
This bot has a lot of problems. Me and others have had a very easy time toying with it by placing small orders in order to get it to shift it's position up high enough to either dump into or buy from. It's made me some nice profits.
What asset do you mean? If you mean some funny stuff which happened at MMNXT asset market now it won't happen again, lol. If you hold MMNXT asset you shouldn't try to manipulate the price like that, I can't see any point in this for you. In any case, as I said, it won't happen again. I just didn't expect someone bringing down the price to make profit of like 10 k NXT, it's illogical.

It cannot happen at any other market the bot is active at, for MMNXT i added some liquidity, as promised, so the bot worked in SELL mode only. In normal mode it's impossible.

But thank you guys, now we'll make some obvious amendments.

I've been doing it on random assets since the bot started. Since it always cancels it's orders and replaces it .01 above it's been easy to find out how far I can push it in one direction, and then dump or buy into the order it places. Surprised it hadn't been fixed yet, suppose it was time to say something since I am an investor. Why do you believe doing something to make 10k is illogical? That's a lot of nxt for many people. Today I noticed it upped it's bid on mgw to 10 when somebody had a small order underneath. Next bid was 5 below. This could have been on purpose with todays events but gave me a nice sell anyway.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 22, 2014, 09:10:54 pm
This bot has a lot of problems. Me and others have had a very easy time toying with it by placing small orders in order to get it to shift it's position up high enough to either dump into or buy from. It's made me some nice profits.
What asset do you mean? If you mean some funny stuff which happened at MMNXT asset market now it won't happen again, lol. If you hold MMNXT asset you shouldn't try to manipulate the price like that, I can't see any point in this for you. In any case, as I said, it won't happen again. I just didn't expect someone bringing down the price to make profit of like 10 k NXT, it's illogical.

It cannot happen at any other market the bot is active at, for MMNXT i added some liquidity, as promised, so the bot worked in SELL mode only. In normal mode it's impossible.

But thank you guys, now we'll make some obvious amendments.

I've been doing it on random assets since the bot started. Since it always cancels it's orders and replaces it .01 above it's been easy to find out how far I can push it in one direction, and then dump or buy into the order it places. Surprised it hadn't been fixed yet, suppose it was time to say something since I am an investor. Why do you believe doing something to make 10k is illogical? That's a lot of nxt for many people. Today I noticed it upped it's bid on mgw to 10 when somebody had a small order underneath. Next bid was 5 below. This could have been on purpose with todays events but gave me a nice sell anyway.
If you hold mmnxt then to bring the price lower to make around 10 k NXT is very illogical.
As for the bot - no, it is impossible, the bot moves buy and sell orders in such a way that the spread between the orders cannot go below a certain level.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on December 22, 2014, 09:14:39 pm
This bot has a lot of problems. Me and others have had a very easy time toying with it by placing small orders in order to get it to shift it's position up high enough to either dump into or buy from. It's made me some nice profits.
What asset do you mean? If you mean some funny stuff which happened at MMNXT asset market now it won't happen again, lol. If you hold MMNXT asset you shouldn't try to manipulate the price like that, I can't see any point in this for you. In any case, as I said, it won't happen again. I just didn't expect someone bringing down the price to make profit of like 10 k NXT, it's illogical.

It cannot happen at any other market the bot is active at, for MMNXT i added some liquidity, as promised, so the bot worked in SELL mode only. In normal mode it's impossible.

But thank you guys, now we'll make some obvious amendments.

I've been doing it on random assets since the bot started. Since it always cancels it's orders and replaces it .01 above it's been easy to find out how far I can push it in one direction, and then dump or buy into the order it places. Surprised it hadn't been fixed yet, suppose it was time to say something since I am an investor. Why do you believe doing something to make 10k is illogical? That's a lot of nxt for many people. Today I noticed it upped it's bid on mgw to 10 when somebody had a small order underneath. Next bid was 5 below. This could have been on purpose with todays events but gave me a nice sell anyway.
If you hold mmnxt then to bring the price lower to make around 10 k NXT is very illogical.
As for the bot - no, it is impossible, the bot moves buy and sell orders in such a way that the spread between the orders cannot go below a certain level.

Whether I own some or not it doesn't matter because I am still benefiting myself in the end and other actors would do the same anyway. Maybe the bot is still making some small profit but if I want to accumulate or sell an asset then using the bot to lower the spread as far as I can (which is sometimes fairly far) before making my real order, I take for myself a much better deal and lower the bots profits.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on December 23, 2014, 12:20:40 am
This bot has a lot of problems. Me and others have had a very easy time toying with it by placing small orders in order to get it to shift it's position up high enough to either dump into or buy from. It's made me some nice profits.
What asset do you mean? If you mean some funny stuff which happened at MMNXT asset market now it won't happen again, lol. If you hold MMNXT asset you shouldn't try to manipulate the price like that, I can't see any point in this for you. In any case, as I said, it won't happen again. I just didn't expect someone bringing down the price to make profit of like 10 k NXT, it's illogical.

It cannot happen at any other market the bot is active at, for MMNXT i added some liquidity, as promised, so the bot worked in SELL mode only. In normal mode it's impossible.

But thank you guys, now we'll make some obvious amendments.

So why did you use your new accouns to sell MMNXT?

NXT-H2H4-ATH5-A6E5-2PH92 dumped MMNXT as well as

NXT-LS4D-ZRUN-QBDN-8JGMG and

NXT-BFTN-ZSHN-J29P-HFXYY

some buyed like NXT-4BT6-DJBM-M29C-9KNSW and etc.
 
and all these accounts are yours.

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 23, 2014, 08:27:30 am
As promised, I added some liquidity, through making a sell order at current market price. I don't like to run bots on the asset issuing account. The next account you mention is MMNXT bot, it trades MMNXT asset all the time.
This bot has a lot of problems. Me and others have had a very easy time toying with it by placing small orders in order to get it to shift it's position up high enough to either dump into or buy from. It's made me some nice profits.
What asset do you mean? If you mean some funny stuff which happened at MMNXT asset market now it won't happen again, lol. If you hold MMNXT asset you shouldn't try to manipulate the price like that, I can't see any point in this for you. In any case, as I said, it won't happen again. I just didn't expect someone bringing down the price to make profit of like 10 k NXT, it's illogical.

It cannot happen at any other market the bot is active at, for MMNXT i added some liquidity, as promised, so the bot worked in SELL mode only. In normal mode it's impossible.

But thank you guys, now we'll make some obvious amendments.

So why did you use your new accouns to sell MMNXT?

NXT-H2H4-ATH5-A6E5-2PH92 dumped MMNXT as well as

NXT-LS4D-ZRUN-QBDN-8JGMG and

NXT-BFTN-ZSHN-J29P-HFXYY

some buyed like NXT-4BT6-DJBM-M29C-9KNSW and etc.
 
and all these accounts are yours.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on December 23, 2014, 10:44:19 am
Through making sell order at current market price? You just dumped from 1.5 to 0.97.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 23, 2014, 10:45:30 am
Through making sell order at current market price? You just dumped from 1.5 to 0.97.
It was not me, see posts above.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on December 23, 2014, 12:54:08 pm
What about coinomat1 asset? Adding some liquidity as well?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 23, 2014, 01:00:56 pm
Made a couple K NXT again? :) good for you!
You won't do it with our assets in future unfortunately.
What about coinomat1 asset? Adding some liquidity as well?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on December 23, 2014, 01:06:06 pm
Made a couple K NXT again? :) good for you!
You won't do it with our assets in future unfortunately.
What about coinomat1 asset? Adding some liquidity as well?

Me? Actually my bot crashed because of this instat dump. That's why I noticed it right away.

But if you want to think it was me, well ok.

It would be interesting to see some proofs to your words though.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on December 23, 2014, 01:08:23 pm
Made a couple K NXT again? :) good for you!
You won't do it with our assets in future unfortunately.
What about coinomat1 asset? Adding some liquidity as well?
Me? Not this time, I was definitely not the only one aware of these tricks. It became pretty obvious for anyone who flips manually.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 23, 2014, 01:10:02 pm
Made a couple K NXT again? :) good for you!
You won't do it with our assets in future unfortunately.
What about coinomat1 asset? Adding some liquidity as well?

Me? Actually my bot crashed because of this instat dump. That's why I noticed it right away.

But if you want to think it was me, well ok.

It would be interesting to see some proofs to your words though.
I don't care, you or some other guy, I have no time to look into this. What I will do though is prevent it from happening again.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on December 23, 2014, 01:10:31 pm
Made a couple K NXT again? :) good for you!
You won't do it with our assets in future unfortunately.
What about coinomat1 asset? Adding some liquidity as well?

Me? Actually my bot crashed because of this instat dump. That's why I noticed it right away.

But if you want to think it was me, well ok.

It would be interesting to see some proofs to your words though.
I don't care, you or some other guy, I have no time to look into this. What I will do though is prevent it from happening again.
That's why I'm telling you:)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 23, 2014, 01:12:14 pm
I'm not pissed, do whatever you want (and can get away with). This will be a lesson for me.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on December 23, 2014, 01:14:30 pm
Wow. You should stop your bots right away.

This guy NXT-X6WH-YZVP-URXE-BS8AZ.

Just raped you for about 20k. And this is only at coinomat1.

I guess yesterday he got about the same amount at MMNXT.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 23, 2014, 01:16:25 pm
Wow. You should stop your bots right away.

This guy NXT-X6WH-YZVP-URXE-BS8AZ.

Just raped you for about 20k. And this is only at coinomat1.

I guess yesterday he got about the same amount at MMNXT.
Adjustments are made, thank you very much.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on December 23, 2014, 01:18:12 pm
Check his trade history.

Coinomat1   23.12.2014 14:53:38   Sell   6'518   6   39'108

Coinomat1   23.12.2014 14:35:59   Buy   3'450   1.01   3'484.5
Coinomat1   23.12.2014 14:34:57   Buy   2'040   1.019   2'078.76

+32k.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on December 23, 2014, 01:28:47 pm
Beware, he is going to repeat it at MMNXT again. I hope you stoped your bots.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 23, 2014, 01:29:47 pm
Check his trade history.

Coinomat1   23.12.2014 14:53:38   Sell   6'518   6   39'108

Coinomat1   23.12.2014 14:35:59   Buy   3'450   1.01   3'484.5
Coinomat1   23.12.2014 14:34:57   Buy   2'040   1.019   2'078.76

+32k.
So what am I supposed to do? Track him down like a mad dog? :) This is not the MMNXT bot loosing, MMNXT bot even made some money with this -
Coinomat1   12/23/2014 15:34:57   Buy   2'040   1.019   2'078.76   NXT-X6WH-YZVP-URXE-BS8AZ   You
Coinomat1   12/23/2014 15:25:51   Sell   2'040   1.6011   3'266.244   You   NXT-X6WH-YZVP-URXE-BS8AZ

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 23, 2014, 01:31:15 pm

Beware, he is going to repeat it at MMNXT again. I hope you stoped your bots.
Oh yes, the sell bot for MMNXT is adjusted.
MMNXT trading bot sets pairs so it can't damage it.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on December 23, 2014, 01:45:56 pm
So what am I supposed to do? Track him down like a mad dog? :) This is not the MMNXT bot loosing, MMNXT bot even made some money with this -
Coinomat1   12/23/2014 15:34:57   Buy   2'040   1.019   2'078.76   NXT-X6WH-YZVP-URXE-BS8AZ   You
Coinomat1   12/23/2014 15:25:51   Sell   2'040   1.6011   3'266.244   You   NXT-X6WH-YZVP-URXE-BS8AZ
No, you didn't.

Coinomat1   12/23/2014 15:34:57   Buy   2'040   1.019   2'078.76   NXT-X6WH-YZVP-URXE-BS8AZ   You You sold here
Coinomat1   12/23/2014 15:25:51   Sell   2'040   1.6011   3'266.244   You   NXT-X6WH-YZVP-URXE-BS8AZ It's your buy
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 23, 2014, 02:03:07 pm
So what am I supposed to do? Track him down like a mad dog? :) This is not the MMNXT bot loosing, MMNXT bot even made some money with this -
Coinomat1   12/23/2014 15:34:57   Buy   2'040   1.019   2'078.76   NXT-X6WH-YZVP-URXE-BS8AZ   You
Coinomat1   12/23/2014 15:25:51   Sell   2'040   1.6011   3'266.244   You   NXT-X6WH-YZVP-URXE-BS8AZ
No, you didn't.

Coinomat1   12/23/2014 15:34:57   Buy   2'040   1.019   2'078.76   NXT-X6WH-YZVP-URXE-BS8AZ   You You sold here
Coinomat1   12/23/2014 15:25:51   Sell   2'040   1.6011   3'266.244   You   NXT-X6WH-YZVP-URXE-BS8AZ It's your buy
Yes you're right, this is our error, so it will be on us. One of the "wrong" orders in the pair was canceled manually, so that's why it's not reflected in the MMNXT stats.




Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on December 24, 2014, 05:11:29 pm
What is happening to the MMNXT market? Is there anyone know how to explain?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Fortis on December 24, 2014, 06:23:14 pm
What is happening to the MMNXT market? Is there anyone know how to explain?
(http://s18.postimg.org/6oh5k2vkp/mmxt.png)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 24, 2014, 06:29:19 pm
What is happening to the MMNXT market? Is there anyone know how to explain?
(http://s18.postimg.org/6oh5k2vkp/mmxt.png)
No, not because of that, we're making nice profits with the bots now. Our bot which added liquidity to the MMNXT market had a bug, as a result of which it took the price down. Our main bot is not affected.

mr_e and sava my apologies, it was not your fault. This is a stupid error, the programmer made a mistake when transferring the code to a new bot instance.

The price will bounce back, we'll see to it.

My apologies to all MMNXT holders, this will be fixed.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on December 24, 2014, 06:30:50 pm
NXT-X6WH-YZVP-URXE-BS8AZ abused coinomat bot again today.

MMNXT   24.12.2014 18:39:56   Buy   1'500   1.09001   1'635.015
MMNXT   24.12.2014 18:38:12   Buy   717   1.09001   781.53717
MMNXT   24.12.2014 18:38:12   Buy   1'783   1.08001   1'925.65783

I don't get it honestly.

Whether coinomat didn't fix this issue or they are working together...
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 24, 2014, 06:35:22 pm
NXT-X6WH-YZVP-URXE-BS8AZ abused coinomat bot again today.

MMNXT   24.12.2014 18:39:56   Buy   1'500   1.09001   1'635.015
MMNXT   24.12.2014 18:38:12   Buy   717   1.09001   781.53717
MMNXT   24.12.2014 18:38:12   Buy   1'783   1.08001   1'925.65783

I don't get it honestly.

Whether coinomat didn't fix this issue or they are working together...
See my post above. Just found the bug.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sava0123 on December 24, 2014, 06:43:49 pm
Ok.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on December 24, 2014, 06:50:48 pm
What is happening to the MMNXT market? Is there anyone know how to explain?
(http://s18.postimg.org/6oh5k2vkp/mmxt.png)
No, not because of that, we're making nice profits with the bots now. Our bot which added liquidity to the MMNXT market had a bug, as a result of which it took the price down. Our main bot is not affected.

mr_e and sava my apologies, it was not your fault. This is a stupid error, the programmer made a mistake when transferring the code to a new bot instance.

The price will bounce back, we'll see to it.

My apologies to all MMNXT holders, this will be fixed.
Thanks for your hard work and the opportunity to buy back in:)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 24, 2014, 07:04:37 pm
What is happening to the MMNXT market? Is there anyone know how to explain?
(http://s18.postimg.org/6oh5k2vkp/mmxt.png)
No, not because of that, we're making nice profits with the bots now. Our bot which added liquidity to the MMNXT market had a bug, as a result of which it took the price down. Our main bot is not affected.

mr_e and sava my apologies, it was not your fault. This is a stupid error, the programmer made a mistake when transferring the code to a new bot instance.

The price will bounce back, we'll see to it.

My apologies to all MMNXT holders, this will be fixed.
Thanks for your hard work and the opportunity to buy back in:)
You have to pay for the errors you make. Totally did not expect that, did not look through the code, since it was basically the main bot but in different mode of operation.  I hope you guys are not pissed, it should not happen again.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on December 24, 2014, 07:10:08 pm
What is happening to the MMNXT market? Is there anyone know how to explain?
(http://s18.postimg.org/6oh5k2vkp/mmxt.png)
No, not because of that, we're making nice profits with the bots now. Our bot which added liquidity to the MMNXT market had a bug, as a result of which it took the price down. Our main bot is not affected.

mr_e and sava my apologies, it was not your fault. This is a stupid error, the programmer made a mistake when transferring the code to a new bot instance.

The price will bounce back, we'll see to it.

My apologies to all MMNXT holders, this will be fixed.
Thanks for your hard work and the opportunity to buy back in:)
You have to pay for the errors you make. Totally did not expect that, did not look through the code, since it was basically the main bot but in different mode of operation.  I hope you guys are not pissed, it should not happen again.

As shareholders we should be willing to share in your losses if we expect to share in your wins. There is a fine line between sharing in an assets losses if their acting maliciously, that's what we have to watch for. I don't believe that is happening here though, you guys have been very transparent and the connecting of your business to supernet tells me it would not be in your best interest to do so for such short sighted gains.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 24, 2014, 10:11:27 pm
What is happening to the MMNXT market? Is there anyone know how to explain?
(http://s18.postimg.org/6oh5k2vkp/mmxt.png)
No, not because of that, we're making nice profits with the bots now. Our bot which added liquidity to the MMNXT market had a bug, as a result of which it took the price down. Our main bot is not affected.

mr_e and sava my apologies, it was not your fault. This is a stupid error, the programmer made a mistake when transferring the code to a new bot instance.

The price will bounce back, we'll see to it.

My apologies to all MMNXT holders, this will be fixed.
Thanks for your hard work and the opportunity to buy back in:)
You have to pay for the errors you make. Totally did not expect that, did not look through the code, since it was basically the main bot but in different mode of operation.  I hope you guys are not pissed, it should not happen again.

As shareholders we should be willing to share in your losses if we expect to share in your wins. There is a fine line between sharing in an assets losses if their acting maliciously, that's what we have to watch for. I don't believe that is happening here though, you guys have been very transparent and the connecting of your business to supernet tells me it would not be in your best interest to do so for such short sighted gains.
Thank you for understanding! We'll make up for it. this is a strange week, first I paid coinomat dividends on a fork and now this.

Consider it to be a Christmas discount for our assets :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 26, 2014, 10:33:30 am
Weekly dividend has been paid, due to holidays and coder traveling we did not manage to integrate the stats in the stats site, will be done next week. Once again sorry for the problems with our liquidity bot.

Marry Christmas and nice profits in the New Year!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on December 26, 2014, 02:15:39 pm
I just wanted to say that poloniex does NOT relay dividends. For last weeks friday dividend payment I was told that I would get the passthrough on monday. But till today I got nothing.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on December 26, 2014, 04:23:24 pm
Weekly dividend has been paid, due to holidays and coder traveling we did not manage to integrate the stats in the stats site, will be done next week. Once again sorry for the problems with our liquidity bot.

Marry Christmas and nice profits in the New Year!

Will these stats include divs paid each period? Divs seem higher then expected for this week. Thank you!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 26, 2014, 06:24:50 pm
Weekly dividend has been paid, due to holidays and coder traveling we did not manage to integrate the stats in the stats site, will be done next week. Once again sorry for the problems with our liquidity bot.

Marry Christmas and nice profits in the New Year!

Will these stats include divs paid each period? Divs seem higher then expected for this week. Thank you!
Yes sure, two new bots are trading, so their profits are included in the dividends.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: baseke on December 27, 2014, 10:24:15 am
Bought some mmnxt and got some payment  ;D thanks a lot keep good work!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: lemonhead on December 27, 2014, 02:54:56 pm
nice payout! thanks!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on December 28, 2014, 03:40:12 am
If not aware on mmnxt.com:
This website has used up all it's bandwidth. Please try again later.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 28, 2014, 08:26:52 am
If not aware on mmnxt.com:
This website has used up all it's bandwidth. Please try again later.
Damn, thanks.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on December 28, 2014, 08:50:25 pm
I want an explanation:

I had 50000 MMNXT on poloniex for the whole last week. So I had the MMNXT on there on the 19th (dividend day) and 22th (dividend passthrough date on polo). I did not receive a single NXT dividend for that dividend date. I contacted support and they said that you didn't send them any NXT to distribute and I should keed the MMNXT there until this is resolved. I already withdrew them so that I can atleast get the didivdend on 26th.

I would like an answer and my missing dividends.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 28, 2014, 10:09:47 pm
I want an explanation:

I had 50000 MMNXT on poloniex for the whole last week. So I had the MMNXT on there on the 19th (dividend day) and 22th (dividend passthrough date on polo). I did not receive a single NXT dividend for that dividend date. I contacted support and they said that you didn't send them any NXT to distribute and I should keed the MMNXT there until this is resolved. I already withdrew them so that I can atleast get the didivdend on 26th.

I would like an answer and my missing dividends.
Hi we are figuring out how to process Poloniex dividends, if I send it directly to their deposit account then it will be paid mostly to my Polo acc, since most of MMNXT at Polo is still at our account. We'll come up with some solution for sure.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on December 28, 2014, 10:46:37 pm
Problem seems to be solved, Polo should process the dividend soon, the corresponding NXT amount has been transferred to their account
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on January 08, 2015, 03:15:25 pm
Hi coinomat,

when the siteweb will be update, it been a while since you said it would be update.

Thank you.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on January 09, 2015, 11:00:39 am

Hi coinomat,

when the siteweb will be update, it been a while since you said it would be update.

Thank you.

Sorry, arbitrage bot and BTC market making bot are running fine, but we have not integrated stats yet due to holidays and Coinomat stuff with bank wires and debit cards integration. I swear it will be done till next dividend payout.

 AE bot closes quite a lot of pairs but the average spread became narrower, which is good for AE, but not so good for our bots profits of course. But now the average volume should grow so it should be compensated.

This week dividend has been paid out. If you don't like the drop in MMNXT share price I wouldn't recommend you sell it, next months should be very good for our bots.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sapphire on January 09, 2015, 12:04:54 pm
Sorry about the price guys, I'm one of those who brought it down to rebuy cheap. :P MNNXT is a great asset, it's like a safe harbour, blue chips.

Concerning website updates, allow for the holidays guys. It's not common in other countries, but where the devs are probably located, New Year holidays last until 12th Jan.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on January 09, 2015, 12:10:36 pm
Grabbed a few more myself:)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: jeezy on January 09, 2015, 02:25:16 pm
Their profit plummeted over the last days not sure this is a good asset right now.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sapphire on January 09, 2015, 03:55:01 pm
Their profit plummeted over the last days not sure this is a good asset right now.

I wouldn't agree that. I've received a dividend several hours ago, and its size is about 1% of the value of MMNXT I hold. 1% weekly is a damn good dividend. Considering the fact NXT not a fiat currency (fiats normally lose 5-30% of their value yearly because of inflation), 1% weekly is actually quite a high yield.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on January 09, 2015, 03:57:51 pm
Their profit plummeted over the last days not sure this is a good asset right now.

I wouldn't agree that. I've received a dividend several hours ago, and its size is about 1% of the value of MMNXT I hold. 1% weekly is a damn good dividend. Considering the fact NXT not a fiat currency (fiats normally lose 5-30% of their value yearly because of inflation), 1% weekly is actually quite a high yield.
Yup, I think it should get even better soon with supernet bringing more volume. Also has the benefit of being a trusted supernet company so I think they'll stay honest. All my divs go straight into that cheap btcd.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on January 10, 2015, 03:18:04 pm
Sorry about the price guys, I'm one of those who brought it down to rebuy cheap. :P MNNXT is a great asset, it's like a safe harbour, blue chips.

Concerning website updates, allow for the holidays guys. It's not common in other countries, but where the devs are probably located, New Year holidays last until 12th Jan.
:) Exactly.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on January 10, 2015, 03:19:17 pm
Their profit plummeted over the last days not sure this is a good asset right now.
Sorry I could have updated the stats manually but that was a little too much for me
As soon as the new stats is integrated the profits will look much better.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on January 10, 2015, 03:22:26 pm
Their profit plummeted over the last days not sure this is a good asset right now.

I wouldn't agree that. I've received a dividend several hours ago, and its size is about 1% of the value of MMNXT I hold. 1% weekly is a damn good dividend. Considering the fact NXT not a fiat currency (fiats normally lose 5-30% of their value yearly because of inflation), 1% weekly is actually quite a high yield.
I target 5% monthly profit. I must say it's a very good trading profit if it's stable, been trading forex for years, I wish I would have had this profit in Forex. If you compound your investment and make 5% montly Warren Buffet pales in comparison :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Georgy on January 11, 2015, 09:36:32 am
Their profit plummeted over the last days not sure this is a good asset right now.

I wouldn't agree that. I've received a dividend several hours ago, and its size is about 1% of the value of MMNXT I hold. 1% weekly is a damn good dividend. Considering the fact NXT not a fiat currency (fiats normally lose 5-30% of their value yearly because of inflation), 1% weekly is actually quite a high yield.

Well, I don't know what prices you assume for MMNXT and NXT; when I do the math at current prices (polo) the interest looks more like 10% weekly... also, this is not supposed to compound (or at least not automatically) if you own MMNXT and get paid in NXT.
Have I missed something?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on January 16, 2015, 09:44:27 am
Their profit plummeted over the last days not sure this is a good asset right now.

I wouldn't agree that. I've received a dividend several hours ago, and its size is about 1% of the value of MMNXT I hold. 1% weekly is a damn good dividend. Considering the fact NXT not a fiat currency (fiats normally lose 5-30% of their value yearly because of inflation), 1% weekly is actually quite a high yield.

Well, I don't know what prices you assume for MMNXT and NXT; when I do the math at current prices (polo) the interest looks more like 10% weekly... also, this is not supposed to compound (or at least not automatically) if you own MMNXT and get paid in NXT.
Have I missed something?
No it's closer to 1% weekly, you must be missing something in your calculation. 10% trading profit weekly is of course achievable but not sustainable over the long term
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on January 16, 2015, 10:31:46 am
Weekly dividend has been paid.
Crazy week in altcoin world, to put it very mildly. Market Making Bitcoin bot is making lots of Bitcoin in such situations though.
We're looking into boosting our fund profits in near future considerably, I think the real good profits are still in Bitcoin arbitrage between exchanges, altcoin arbitrage is there but the profits still seem to be quite limited. We will be developing both in parallel.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on January 16, 2015, 03:29:56 pm
I have two accounts with mmnxt. Only one received the dividend. How is this possible?

Edit: Nvm, looks like nxtreporting is wrong... what else is new.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: martinyin on January 18, 2015, 07:18:07 am
Their profit plummeted over the last days not sure this is a good asset right now.

I wouldn't agree that. I've received a dividend several hours ago, and its size is about 1% of the value of MMNXT I hold. 1% weekly is a damn good dividend. Considering the fact NXT not a fiat currency (fiats normally lose 5-30% of their value yearly because of inflation), 1% weekly is actually quite a high yield.
I target 5% monthly profit. I must say it's a very good trading profit if it's stable, been trading forex for years, I wish I would have had this profit in Forex. If you compound your investment and make 5% montly Warren Buffet pales in comparison :)

lol, let's beat that old stupid fogey
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: marechou on January 18, 2015, 11:01:28 pm
I am interested in this asset but I don't understand the asset distribution.

asset issuer has around 43 millions of shares, I assume these shares are not burned in order to issue more shares for the future after an annoucement if the business grow a lot.

I bought some shares at poloniex and I noticed this is the second biggest holder of MMNXT, around 3.5 Millions of shares.

I though from now around 2.5Millions shares have been issued.

So how it's possible there is 3.5M shares in poloniex and if I buy the shares there , right after a new sell order is created of 9000 MMNXT by I guess your bot?

I can see creation of new share but no arbitrages as nothing had been bought at NXt AE at the same time.

Could you explain this, I'm pretty sure there is a good explanation :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on January 19, 2015, 09:02:34 am
I am interested in this asset but I don't understand the asset distribution.

asset issuer has around 43 millions of shares, I assume these shares are not burned in order to issue more shares for the future after an annoucement if the business grow a lot.

I bought some shares at poloniex and I noticed this is the second biggest holder of MMNXT, around 3.5 Millions of shares.

I though from now around 2.5Millions shares have been issued.

So how it's possible there is 3.5M shares in poloniex and if I buy the shares there , right after a new sell order is created of 9000 MMNXT by I guess your bot?

I can see creation of new share but no arbitrages as nothing had been bought at NXt AE at the same time.

Could you explain this, I'm pretty sure there is a good explanation :)
Hi we provide market making for MMNXT CNMT and all xusd currencies at polo (BTC LTC NXT etc)
That is we buy and sell our assets, at Polo as well as at AE (at AE actually it goes into our trading bot stats)
We are trying to do it in such a way that the asset price should grow (we failed at this at the end of the year due to some bot malfunction, but it shouldn't happen again).
If we need more funds for the trading bot we try to sell more MMNXT than we buy back. We don't sell more MMNXT than we need currently for trading. For AE bot we have about enough funds at the moment, arbitrage bots will need additional liquidity.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on January 19, 2015, 08:22:37 pm
trading on ae look good this wwek, something different coinomat?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on January 20, 2015, 08:47:01 am
trading on ae look good this wwek, something different coinomat?
Sure, added the stats from Bitcoin trading bot.
This is just the beginning.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on January 21, 2015, 08:08:17 pm
Feature request:

Report of exactly how many MMNXT shares are outstanding. Preferablly on the same day as dividend (each friday) and optimally every day or automated on the website.

Thank you for consideration.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on January 21, 2015, 08:24:55 pm
Feature request:

Report of exactly how many MMNXT shares are outstanding. Preferablly on the same day as dividend (each friday) and optimally every day or automated on the website.

Thank you for consideration.
Good suggestion, I'll be posting dividend stats then, this will be the most transparent.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on January 23, 2015, 01:06:19 pm
Dividend payment:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 3795616
Summary of proposed distribution of  35061NXT to 223 assetholders
Based on ownership at timestamp 36723644 (Fri, 23 Jan 2015 13:00:44 GMT)

Expect much higher dividend next week, some funds from the asset sale have not reached the BTC bot yet.

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on January 23, 2015, 01:25:26 pm
Received. Awesome!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: mrmakko on January 23, 2015, 08:54:43 pm
Hmm, I have assets, but haven't received the dividends today. What should I do?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on January 23, 2015, 09:08:06 pm
Post your account number here
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: mrmakko on January 23, 2015, 09:10:57 pm
NXT-3FH7-TS6Q-44EV-8B9LN
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on January 23, 2015, 09:29:30 pm
Date    Type    Amount    Fee    Account
23/01/2015 14:05:20   Ordinary Payment      27.72094464   1   MMNXT Dividend Payments
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: mrmakko on January 23, 2015, 09:47:44 pm
Oh, sorry, for some reason Dashboard in wallet haven't updated.
Receiving confirmed.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on January 24, 2015, 07:49:50 am
Date    Type    Amount    Fee    Account
23/01/2015 14:05:20   Ordinary Payment      27.72094464   1   MMNXT Dividend Payments
Thank you for your support! :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on January 27, 2015, 11:31:57 pm
New Record daily profits @MMNXT

(http://i.imgur.com/g94iVyx.png)

www.mmnxt.com
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on January 28, 2015, 11:32:58 am
New Record daily profits @MMNXT

(http://i.imgur.com/g94iVyx.png)

www.mmnxt.com
It's just a humble beginning!!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on January 30, 2015, 02:10:15 am
How would I buy into this as a noob?

I've got NXT in my account and also some BTC in Poloniex. I see that you can trade MMNXT at Poloniex: could I sign up with some of my NXT balance and also trade some BTC for MMNXT to add to my MMNXT pool?

I'm not sure I understand how to join. :-)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on January 30, 2015, 02:11:50 am
Just buy this asset on the asset exchange in the NXT client: 979292558519844732
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on January 30, 2015, 02:13:42 am
Cool. I shall do that.

To beef up my account, should I convert my BTC to MMNXT or is it easier to just add NXT to my account and keep buying the asset?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on January 30, 2015, 02:16:15 am
depends what you want your portfolio to look like ;)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on January 30, 2015, 02:39:21 am
Hmm. I think I'll add as an asset now and then look at holding half 'n half later on. :) Thanks.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on January 30, 2015, 06:56:02 am
Buying at Polo or buying at AE should be the same, arbitrageurs make sure the price is the same or very close.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on January 30, 2015, 09:16:53 am
Weekly dividend has been paid. We keep paying the full dividend, before the total profit reaches 50000 NXT weekly. Then we will be paying out 80% of the profits, when it reaches 100000 - 60%
It should happen pretty soon, especially if BTC price stabilizes a little, MM bot stays out of the market when there are very sharp moves.
Also I decided to move some parts of the trading funds into statistical arbitrage BTC bot, which provides almost risk-free profits.
If you need to buy MMNXT in bulk please PM me, I'll give you a small discount relative to AE price.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on January 30, 2015, 10:35:54 am
Please add the total number of assets for the Dividend calculation :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on January 30, 2015, 11:50:36 am
Please add the total number of assets for the Dividend calculation :)
:( sorry I forgot
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 3885500
Summary of proposed distribution of  30533NXT to 244 assetholders
Based on ownership at timestamp 37324111 (Fri, 30 Jan 2015 11:48:31 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on January 30, 2015, 06:33:41 pm
Im suprised the asset value do not increase more than it is. This is one of the best and secure asset around, imo. Keep up the good work coinomat. Could you gave us a longer status of mmnxt as it is of now and future prospect? Thank you
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on January 31, 2015, 10:49:16 am
Im suprised the asset value do not increase more than it is. This is one of the best and secure asset around, imo. Keep up the good work coinomat. Could you gave us a longer status of mmnxt as it is of now and future prospect? Thank you

I have great plans for this trading fund, currently there are three coders working on it (two PhD's).
These are the bots we're concentrated on at the moment:
- MM bitcoin bot, fully working, starting to make good profit
- altcoins arbitrage bot, working, but not in a full capacity, there's a lot of work with it like adding new alts, debugging exchanges' API's,in February it will start making money. I must say it's not so easy as it may seem, the main issue here is instability of altcoins exchanges.
- Bitcoin arbitrage bots, particularly I'm interested in statistical arbitrage bots for BTC (you could look it up in Wiki if you're interested), which trade Bitcoin spread at different exchanges. This is a long term project which could easily trade around 1000 BTC, and make consistent profits, which is still possible in crypto world due to high spreads between exchanges (it's not so for stocks or forex of course)

So my plans are long term, and current MMNXT share price does not matter much.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on February 02, 2015, 09:45:17 pm
I'd just like to say thanks to coinomat.

I'm kinda new and I don't know if there are other assets that produce higher dividends out there, but I keep increasing my holdings in MMNXT! I like the way you keep us informed and it seems there's a lot of continuing progress in this. I like the fact that you're concerned with reliability too: I'd rather have a lower, but stable, dividend than an erratic profit every week.

Keep up the good work and thanks to you and your team of boffins!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on February 03, 2015, 08:59:12 am
I'd just like to say thanks to coinomat.

I'm kinda new and I don't know if there are other assets that produce higher dividends out there, but I keep increasing my holdings in MMNXT! I like the way you keep us informed and it seems there's a lot of continuing progress in this. I like the fact that you're concerned with reliability too: I'd rather have a lower, but stable, dividend than an erratic profit every week.

Keep up the good work and thanks to you and your team of boffins!
Thank you! And once again I'd like to remind you that we're just starting, all fun is still ahead.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: ddepker on February 04, 2015, 05:24:06 pm
What was the latest dividend per share?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: fmiboy on February 04, 2015, 05:28:46 pm
What was the latest dividend per share?

I think, it is ~1%. 1000 shares around 10.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on February 05, 2015, 12:17:02 am
Website seems disconnected: http://www.mmnxt.com/
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on February 05, 2015, 08:50:42 am
Website seems disconnected: http://www.mmnxt.com/
Seems fine now, maybe it was some hosting maintenance
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on February 06, 2015, 01:58:07 pm
Dividends:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 4184758
Summary of proposed distribution of  22551NXT to 257 assetholders
Based on ownership at timestamp 37934385 (Fri, 06 Feb 2015 13:19:45 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend
----------------------

Mediocre week, some NXT network issues, and no big BTC moves. We will catch up :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on February 06, 2015, 02:15:44 pm
Dividends:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 4184758
Summary of proposed distribution of  22551NXT to 257 assetholders
Based on ownership at timestamp 37934385 (Fri, 06 Feb 2015 13:19:45 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend
----------------------

Mediocre week, some NXT network issues, and no big BTC moves. We will catch up :)
50% drop this week:(
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on February 06, 2015, 03:36:22 pm
Slightly disappointing, but your free NXT dividends could be more valuable than fiat in the near future :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on February 06, 2015, 09:25:02 pm
Dividends:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 4184758
Summary of proposed distribution of  22551NXT to 257 assetholders
Based on ownership at timestamp 37934385 (Fri, 06 Feb 2015 13:19:45 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend
----------------------

Mediocre week, some NXT network issues, and no big BTC moves. We will catch up :)
50% drop this week:(
We'll do better next week! This is mostly a coincidence this week, changes in nxt client + slow BTC market
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on February 13, 2015, 09:08:24 am
This week was quite slow again, but I must bring your attention to the fact that we're always making money, which is quite unusual for a trading operation. We achieve this through reducing risks to the minimum, so there's always a trade of between maximum profit and stability. We choose the latter.
Our plans for next week include starting trading with a small leverage which shouldn't increase the risks bit will have a positive effect on our profits.

MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 4250615
Summary of proposed distribution of  17432NXT to 265 assetholders
Based on ownership at timestamp 38523709 (Fri, 13 Feb 2015 09:01:49 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on February 13, 2015, 11:20:32 am
received
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: taggartd on February 13, 2015, 03:37:59 pm
This week was quite slow again, but I must bring your attention to the fact that we're always making money, which is quite unusual for a trading operation. We achieve this through reducing risks to the minimum, so there's always a trade of between maximum profit and stability. We choose the latter.
Our plans for next week include starting trading with a small leverage which shouldn't increase the risks bit will have a positive effect on our profits.
Good work. The week had very flat prices and is very difficult to gain in trade or arbitrage in these conditions.  ;)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: GIGminer on February 13, 2015, 09:24:44 pm
Hi,

I already read it at past posts, but just I want to be sure that I understand it properly:

The dividends are processed on Friday.
-Distributed the same day to the asset holders at NXT AE.
-Distributed by POLONIEX on Sunday to the asset holders at POLONIEX.

Is that correct? 

Thanks
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: DesertWind on February 14, 2015, 02:35:50 am
Im suprised the asset value do not increase more than it is. This is one of the best and secure asset around, imo. Keep up the good work coinomat. Could you gave us a longer status of mmnxt as it is of now and future prospect? Thank you

I have great plans for this trading fund, currently there are three coders working on it (two PhD's).
These are the bots we're concentrated on at the moment:
- MM bitcoin bot, fully working, starting to make good profit
- altcoins arbitrage bot, working, but not in a full capacity, there's a lot of work with it like adding new alts, debugging exchanges' API's,in February it will start making money. I must say it's not so easy as it may seem, the main issue here is instability of altcoins exchanges.
- Bitcoin arbitrage bots, particularly I'm interested in statistical arbitrage bots for BTC (you could look it up in Wiki if you're interested), which trade Bitcoin spread at different exchanges. This is a long term project which could easily trade around 1000 BTC, and make consistent profits, which is still possible in crypto world due to high spreads between exchanges (it's not so for stocks or forex of course)

So my plans are long term, and current MMNXT share price does not matter much.

If the Winklevoss ETF (COIN) ever gets approved it will be a game changer...
I would expect NASDAQ volume to start at 100,000 shares/day = 10,000 BTC/day...
I'd be able to trade 1,000 shares or about $25,000 BTC for $2-3 commission...
Plus stock loan will be available.

If COIN is successful it will be followed by a flood of crypto ETFs... and boost arb opportunities dramatically.

You have to remember that this is an incredibly esoteric securities niche...
With lots of market inefficiencies to exploit for years to come.  :)

http://moneymorning.com/2015/01/02/winklevoss-bitcoin-etf-files-to-sell-1-million-shares-nasdaq-coin/
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on February 14, 2015, 10:58:14 am
Im suprised the asset value do not increase more than it is. This is one of the best and secure asset around, imo. Keep up the good work coinomat. Could you gave us a longer status of mmnxt as it is of now and future prospect? Thank you

I have great plans for this trading fund, currently there are three coders working on it (two PhD's).
These are the bots we're concentrated on at the moment:
- MM bitcoin bot, fully working, starting to make good profit
- altcoins arbitrage bot, working, but not in a full capacity, there's a lot of work with it like adding new alts, debugging exchanges' API's,in February it will start making money. I must say it's not so easy as it may seem, the main issue here is instability of altcoins exchanges.
- Bitcoin arbitrage bots, particularly I'm interested in statistical arbitrage bots for BTC (you could look it up in Wiki if you're interested), which trade Bitcoin spread at different exchanges. This is a long term project which could easily trade around 1000 BTC, and make consistent profits, which is still possible in crypto world due to high spreads between exchanges (it's not so for stocks or forex of course)

So my plans are long term, and current MMNXT share price does not matter much.

If the Winklevoss ETF (COIN) ever gets approved it will be a game changer...
I would expect NASDAQ volume to start at 100,000 shares/day = 10,000 BTC/day...
I'd be able to trade 1,000 shares or about $25,000 BTC for $2-3 commission...
Plus stock loan will be available.

If COIN is successful it will be followed by a flood of crypto ETFs... and boost arb opportunities dramatically.

You have to remember that this is an incredibly esoteric securities niche...
With lots of market inefficiencies to exploit for years to come.  :)

http://moneymorning.com/2015/01/02/winklevoss-bitcoin-etf-files-to-sell-1-million-shares-nasdaq-coin/
BTC trading is very profitable now, but risky. I don't include it in this operation yet, only MM bot for BTC works here, the risks are very low with it, if BTC price goes down you make more BTC than USD but I think it's fine. I reckon that 150 USD is the minimum price for Bitcoin now due to many reasons.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on February 14, 2015, 11:01:45 am
Hi,

I already read it at past posts, but just I want to be sure that I understand it properly:

The dividends are processed on Friday.
-Distributed the same day to the asset holders at NXT AE.
-Distributed by POLONIEX on Sunday to the asset holders at POLONIEX.

Is that correct? 

Thanks
Hi yes, I send Polo dividend in a separate payment, and then they distribute it.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on February 15, 2015, 02:56:33 pm
Three consecutive days with grandious results and some people still instant dump on poloniex, thus allowing mises77 and others to arbitrage and dump the price on NXT AE too....

Mind boggeling.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: blackyblack1 on February 15, 2015, 03:11:59 pm
Are we affected in any way by bter fraud?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on February 15, 2015, 03:32:58 pm
Are we affected in any way by bter fraud?
shit...
not so much, arbitrage bot is running on bter but we did not hold a lot of money there, since we were concentrated on other bots.
It will have almost no effect on our investors' profits.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on February 15, 2015, 05:46:50 pm
Is this a warning that the bot should be programmed to spread trades amongst as many exchanges as possible? To minimise losses in case one of them is hacked?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: blackyblack1 on February 15, 2015, 05:50:17 pm
Are we affected in any way by bter fraud?
shit...
not so much, arbitrage bot is running on bter but we did not hold a lot of money there, since we were concentrated on other bots.
It will have almost no effect on our investors' profits.
I think it will be fair to split losses between shareholders. How much btc did you lose?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on February 15, 2015, 06:24:22 pm
I agree. I'm prepared to lose some of my weekly dividend to re balance the books.

I'd rather lose out this week and then, hopefully, next week the bot(s) can carry on with a full starting balance.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: lcharles123 on February 15, 2015, 06:57:13 pm
If I place an order with certain amount of MMNxt I get dividends from it?
What is the equation used for the distribution?

Thx!!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on February 15, 2015, 07:22:25 pm
It's trading bot(s). coinomat may be able to help you with the details, but I doubt he would publicly announce intricate details of how the bot(s) work: a lot of hard programming work is involved.

Basically, you can expect a weekly return of 0.7% or greater on your invested amount.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: lcharles123 on February 15, 2015, 08:11:04 pm
It's trading bot(s). coinomat may be able to help you with the details, but I doubt he would publicly announce intricate details of how the bot(s) work: a lot of hard programming work is involved.

Basically, you can expect a weekly return of 0.7% or greater on your invested amount.
I refer to the asset MMNXT
If i have some MMNxt and put to sale, the order sent to market will be considered in the calculation of dividends?
THX!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on February 15, 2015, 08:12:01 pm
It's trading bot(s). coinomat may be able to help you with the details, but I doubt he would publicly announce intricate details of how the bot(s) work: a lot of hard programming work is involved.

Basically, you can expect a weekly return of 0.7% or greater on your invested amount.
I refer to the asset MMNXT
If I have some and put to sale, the amount sent to market will be considered in the calculation of dividends?
THX!

yes, both on NXT AE and Poloniex
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on February 15, 2015, 10:24:45 pm
I agree. I'm prepared to lose some of my weekly dividend to re balance the books.

I'd rather lose out this week and then, hopefully, next week the bot(s) can carry on with a full starting balance.
Let's see how the situation develops. BTER is quite strange I must say, no one knows for sure how it will end.
We did not have that much there, around 20 BTC
We planned to get down to arbitrage bots next month, so we might be lucky not to have much money there.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on February 16, 2015, 04:55:03 am
@coinomat: are there any plans to reprogram the bot so that it places coins on an exchange only for the minimum time it takes to do a deal?

That way, if an exchange goes down like we have seen yesterday it should mitigate potential risks of this sort of thing happening again.

I realise that this may be an impractical solution. Just my 0.0002 BTC :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on February 16, 2015, 08:55:54 am
The bot is placing market making orders. How could that work without Constant funds there?

Even if only arbitrage is done, just depositing for the arbitrage will likely always make you Miss the opportunity
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on February 16, 2015, 09:14:27 am
@coinomat: are there any plans to reprogram the bot so that it places coins on an exchange only for the minimum time it takes to do a deal?

That way, if an exchange goes down like we have seen yesterday it should mitigate potential risks of this sort of thing happening again.

I realise that this may be an impractical solution. Just my 0.0002 BTC :)
Hard to do that :)
But this is a reason to be worried of course, BTER has always looked risky. We should think about altcoin arbitrage in general, I trust Polo, but not so much other altcoins exchanges. If BTER doesn't come back maybe we'll concentrate on trading on Bitfinex Bitstamp and such, there are no alts there but there are interesting trading strategies to be implemented

The question here is you can't make tons of money with alts arbitrage, you do make some money in a stable way till such shit happens, and then it kills the profits you made. Thanks god we haven't started it properly yet.

If InstantDEX is fully functional it will blow all the alts exchanges away. Even if it's not fully trustless.

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on February 16, 2015, 11:50:42 am
Thanks for the replies. I didn't know about InstantDEX. I'll have to check it out after work.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Heyzeus on February 19, 2015, 05:18:34 am
I hate your obnoxious undercutting bots. 
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on February 19, 2015, 08:14:19 am
I hate your obnoxious undercutting bots.
Don't hate them, they are good fellas.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xcn on February 19, 2015, 10:45:00 am
What are bots' addresses?
Could you plz provide mgwBTC liquidity as bter down?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: j.jaymes on February 19, 2015, 03:32:11 pm
Added a few. Hope it is wise desicion!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on February 19, 2015, 10:21:56 pm
What are bots' addresses?
Could you plz provide mgwBTC liquidity as bter down?
Yes, we are trying to.
Actually if you follow AE trades our bots are quite easy to track.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on February 20, 2015, 09:22:02 am
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 4477470
Summary of proposed distribution of  38241NXT to 280 assetholders
Based on ownership at timestamp 39129398 (Fri, 20 Feb 2015 09:16:38 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Weekly dividend!

altcoins arbitrage bots are down due to bter, but they haven't really picked up yet, so it did not have much effect on profitability
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Nippybrit on February 20, 2015, 10:27:02 am
Received, thanks :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on February 22, 2015, 10:41:20 pm
In 4 days nemstakes are worthless. Please be careful and stop the market making in time.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TheCoinWizard on February 22, 2015, 10:46:40 pm
In 4 days nemstakes are worthless. Please be careful and stop the market making in time.
Aren't they already??? Everyone can still show their demand for nemstakes, and thousands of stakes are in existence, yet only 126 can be sold... No wonder that these 126 are expensive... 
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on February 22, 2015, 11:12:10 pm
In 4 days nemstakes are worthless. Please be careful and stop the market making in time.
Aren't they already??? Everyone can still show their demand for nemstakes, and thousands of stakes are in existence, yet only 126 can be sold... No wonder that these 126 are expensive... 

Price hasn't moved in NXT and is down in USD and BTC, since the redeeming. Please stop fud :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TheCoinWizard on February 22, 2015, 11:32:43 pm
In 4 days nemstakes are worthless. Please be careful and stop the market making in time.
Aren't they already??? Everyone can still show their demand for nemstakes, and thousands of stakes are in existence, yet only 126 can be sold... No wonder that these 126 are expensive... 

Price hasn't moved in NXT and is down in USD and BTC, since the redeeming. Please stop fud :)
price hasn't even gone up, yet availability has substantially declined...
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on February 27, 2015, 11:56:30 am
Weekly dividend:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 4449761
Summary of proposed distribution of  20191NXT to 278 assetholders
Based on ownership at timestamp 39743493 (Fri, 27 Feb 2015 11:51:33 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Once again, serious price moves started only today, so this week was not too profitable. But we're making money in a stable way, that's the most important I think.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xiahui135 on February 27, 2015, 01:23:11 pm
i think making money in a stable way is good.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on February 27, 2015, 05:13:35 pm
I received my dividend too. Thanks coinomat. I agree that stability is the key to success here. The future of Nxt seems bright to me and keeping the profitability stable will reap greater rewards when Nxt achieves higher value.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: martismartis on February 27, 2015, 09:57:48 pm
If MMNXT bot account is NXT-LS4D-ZRUN-QBDN-8JGMG, cancel your buy orders of Nemstake. Somebody who was not in time for redeem them, can dump Nemstake, which will be worthless.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Amalgamus on February 28, 2015, 12:18:45 am
If MMNXT bot account is NXT-LS4D-ZRUN-QBDN-8JGMG, cancel your buy orders of Nemstake. Somebody who was not in time for redeem them, can dump Nemstake, which will be worthless.
Too late now! They are the proud owner of 1.1 Nemstake which is worth nothing.
How are you going to put this loss on your book?
Does it mean there won't be any dividends for weeks?
Such a pity to throw away money this way. Even before the redeeming deadline I was wondering what you were bloody doing on this asset.
0.6 Nemstake bought at 25k and 0.5 may be over 40k, that's more than 30k Nxt loss.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on February 28, 2015, 12:19:58 am
If MMNXT bot account is NXT-LS4D-ZRUN-QBDN-8JGMG, cancel your buy orders of Nemstake. Somebody who was not in time for redeem them, can dump Nemstake, which will be worthless.
Too late now! They are the proud owner of 1.1 Nemstake which is worth nothing.
How are you going to put this loss on your book?
Does it mean there won't be any dividends for weeks?
Such a pity to throw away money this way. Even before the redeeming deadline I was wondering what you were bloody doing on this asset.
Wtf!! You guys had so many warnings...
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on February 28, 2015, 12:21:44 am
In 4 days nemstakes are worthless. Please be careful and stop the market making in time.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on February 28, 2015, 11:35:22 am
Yes guys no worries, turning it off.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Amalgamus on February 28, 2015, 11:42:38 am
Yes guys no worries, turning it off.
Instead of telling people not to worry you should be dumping your 1.1 Nemskake on 21k before someone else does it. That would minimize your loss.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on February 28, 2015, 11:54:36 am
Yes guys no worries, turning it off.
Instead of telling people not to worry you should be dumping your 1.1 Nemskake on 21k before someone else does it. That would minimize your loss.
I caught some flu and had a fever since several days, the other guys who watch the bots don't keep track of particular asset developments. sorry guys, I'll try to redeem it now. anyway it's on us.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Amalgamus on February 28, 2015, 11:59:54 am
Welcome to the club: I am also sick with the flu.
But I don't know how you can redeem them after the deadline. If you have a way to do it, let me know I would buy more Nemstakes.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on February 28, 2015, 12:07:06 pm
Welcome to the club: I am also sick with the flu.
But I don't know how you can redeem them after the deadline. If you have a way to do it, let me know I would buy more Nemstakes.
Bad winter, I don't know a single person who was not ill with some kind of cold or virus in last several months.
I'll try to do my best, I'll let you know.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on February 28, 2015, 12:42:39 pm
Welcome to the club: I am also sick with the flu.
But I don't know how you can redeem them after the deadline. If you have a way to do it, let me know I would buy more Nemstakes.
Bad winter, I don't know a single person who was not ill with some kind of cold or virus in last several months.
I'll try to do my best, I'll let you know.

you can sell it into the buyorders. You will only lose about 4000 NXT, which should be fine
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on February 28, 2015, 01:50:34 pm
Phew. Is NEM being cancelled? I'd heard it mentioned on various crypto forums as being the next big thing. Of course, there's a lot of ulterior motives on crypto forums sometimes.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on February 28, 2015, 01:51:42 pm
Phew. Is NEM being cancelled? I'd heard it mentioned on various crypto forums as being the next big thing. Of course, there's a lot of ulterior motives on crypto forums sometimes.
Not cancelled but the deadline for redeeming it was few days ago
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on March 01, 2015, 11:54:02 am
Welcome to the club: I am also sick with the flu.
But I don't know how you can redeem them after the deadline. If you have a way to do it, let me know I would buy more Nemstakes.
Bad winter, I don't know a single person who was not ill with some kind of cold or virus in last several months.
I'll try to do my best, I'll let you know.

you can sell it into the buyorders. You will only lose about 4000 NXT, which should be fine
Actually I'd prefer to exchange it for NEM and distribute profits after NEM hits an exchange.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on March 01, 2015, 12:38:59 pm
Welcome to the club: I am also sick with the flu.
But I don't know how you can redeem them after the deadline. If you have a way to do it, let me know I would buy more Nemstakes.
Bad winter, I don't know a single person who was not ill with some kind of cold or virus in last several months.
I'll try to do my best, I'll let you know.

you can sell it into the buyorders. You will only lose about 4000 NXT, which should be fine
Actually I'd prefer to exchange it for NEM and distribute profits after NEM hits an exchange.

sure, but the deadline is over and they were pretty clear on making no exceptions.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: LocoMB on March 01, 2015, 02:02:05 pm
https://nxtforum.org/index.php?topic=6277.msg124564#msg124564 (https://nxtforum.org/index.php?topic=6277.msg124564#msg124564)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: PureVision on March 01, 2015, 02:05:35 pm
From the NEM forums:

the price went up to 99,999 NXT per stake.  then after the portal closed there were still some open buy orders still up even though all the sells had been taken down.  somebody who realized they couldn't redeem their NEMstake dumped and took the NXT from people that were stupid enough to keep their buy orders up. 

Even now there are still some buy orders up so we may still see some more transactions on AE even though the people that have the NEMstake won't be redeemed.  Those are lost NEMstakes now.

It would be great if you could still redeem the stake, but it looks like they are pretty clear on the matter.

I honestly don't understand how you ended with a stake.
If you're using a bot to do the trading, wouldn't it have sold at a predetermined price?
The price for a stake went up to 99999Nxt at the last moment.

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TheCoinWizard on March 02, 2015, 09:14:03 am
From the NEM forums:

the price went up to 99,999 NXT per stake.  then after the portal closed there were still some open buy orders still up even though all the sells had been taken down.  somebody who realized they couldn't redeem their NEMstake dumped and took the NXT from people that were stupid enough to keep their buy orders up. 

Even now there are still some buy orders up so we may still see some more transactions on AE even though the people that have the NEMstake won't be redeemed.  Those are lost NEMstakes now.

It would be great if you could still redeem the stake, but it looks like they are pretty clear on the matter.

I honestly don't understand how you ended with a stake.
If you're using a bot to do the trading, wouldn't it have sold at a predetermined price?
The price for a stake went up to 99999Nxt at the last moment.
Can you give us a working link for that quote please.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on March 02, 2015, 09:45:58 am
From the NEM forums:

the price went up to 99,999 NXT per stake.  then after the portal closed there were still some open buy orders still up even though all the sells had been taken down.  somebody who realized they couldn't redeem their NEMstake dumped and took the NXT from people that were stupid enough to keep their buy orders up. 

Even now there are still some buy orders up so we may still see some more transactions on AE even though the people that have the NEMstake won't be redeemed.  Those are lost NEMstakes now.

It would be great if you could still redeem the stake, but it looks like they are pretty clear on the matter.

I honestly don't understand how you ended with a stake.
If you're using a bot to do the trading, wouldn't it have sold at a predetermined price?
The price for a stake went up to 99999Nxt at the last moment.
But you buy an asset to do the market making for it, put buy-sell orders pairs.
We'll see what we could do, I wouldn't mind to integrate NEM in Coinomat so I think they should be forthcoming in this matter.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: PureVision on March 02, 2015, 12:25:26 pm
From the NEM forums:

the price went up to 99,999 NXT per stake.  then after the portal closed there were still some open buy orders still up even though all the sells had been taken down.  somebody who realized they couldn't redeem their NEMstake dumped and took the NXT from people that were stupid enough to keep their buy orders up. 

Even now there are still some buy orders up so we may still see some more transactions on AE even though the people that have the NEMstake won't be redeemed.  Those are lost NEMstakes now.
Can you give us a working link for that quote please.

https://forum.nemcoin.com/general-discussion/out-of-interest/ (https://forum.nemcoin.com/general-discussion/out-of-interest/)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TheCoinWizard on March 02, 2015, 12:32:52 pm
From the NEM forums:

the price went up to 99,999 NXT per stake.  then after the portal closed there were still some open buy orders still up even though all the sells had been taken down.  somebody who realized they couldn't redeem their NEMstake dumped and took the NXT from people that were stupid enough to keep their buy orders up. 

Even now there are still some buy orders up so we may still see some more transactions on AE even though the people that have the NEMstake won't be redeemed.  Those are lost NEMstakes now.
Can you give us a working link for that quote please.

https://forum.nemcoin.com/general-discussion/out-of-interest/ (https://forum.nemcoin.com/general-discussion/out-of-interest/)
thanks
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on March 06, 2015, 07:22:35 am
Weekly dividend is paid:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 4433721
Summary of proposed distribution of  41275NXT to 280 assetholders
Based on ownership at timestamp 40331787 (Fri, 06 Mar 2015 07:16:27 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Much higher profits than the last week. It should go only upwards from here, the guys who dump the asset  below 1 NXT are not wise to say the least.  Bter situation had some effect on the course of our development but it is a minor distraction anyway. New bots are being coded and launched. If you need to buy the asset in bulk please pm.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on March 06, 2015, 09:16:12 am
Thanks. Mine is in. Much better than last week, as you say. Great work coinomat.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Nxtblg on March 06, 2015, 02:01:38 pm
Thanks for the dividend, and I hope the NEM issue gets resolved reasonably. :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on March 06, 2015, 02:41:34 pm
Thanks for the dividend, and I hope the NEM issue gets resolved reasonably. :)
Depends on NEM :)
If they want NEM to be integrated in Coinomat they should be more responsive.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on March 06, 2015, 06:53:37 pm
I just bought the 135000 MMNXT at 1.03NXT. The recent performance is very good and I feel very positive about this asset.

Just look at http://www.mmnxt.com to see for yourself.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on March 06, 2015, 09:30:11 pm
I just bought the 135000 MMNXT at 1.03NXT. The recent performance is very good and I feel very positive about this asset.

Just look at http://www.mmnxt.com to see for yourself.
Thank you for your continuous support!
I've said several times but I'll repeat - we're just at the beginning of our road.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: GIGminer on March 06, 2015, 10:05:15 pm
I just bought the 135000 MMNXT at 1.03NXT. The recent performance is very good and I feel very positive about this asset.

Just look at http://www.mmnxt.com to see for yourself.
Thank you for your continuous support!
I've said several times but I'll repeat - we're just at the beginning of our road.

Checking http://www.mmnxt.com last days I expected a good dividend this week. 

So if we're at the beginning of the road... I'm gonna to enjoy it  :)

Thanks for your efforts and keep with your great work. 
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on March 10, 2015, 10:20:43 pm
It looks like things are still bad over at bter exchange. Any idea if this will affect MMNXT this week, coinomat, or have bter been blacklisted from bot trading due to the first hack?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on March 11, 2015, 06:48:27 am
It looks like things are still bad over at bter exchange. Any idea if this will affect MMNXT this week, coinomat, or have bter been blacklisted from bot trading due to the first hack?
Well after BTER situation I understood that we have to be really careful with crypto to crypto arbitrage between smaller exchanges. We focus more on NXT AE Bitfinex OKcoin. Otherwise the risks are simply too high, and I would like to provide almost riskless profits
So we won't trade on BTER even if they come back online.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on March 11, 2015, 10:29:51 am
Cheers. It was probably a bit patronising of me that point that out, but it's good to know you have your eyes on risky exchanges.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: PureVision on March 12, 2015, 05:39:29 pm
Welcome to the club: I am also sick with the flu.
But I don't know how you can redeem them after the deadline. If you have a way to do it, let me know I would buy more Nemstakes.
Bad winter, I don't know a single person who was not ill with some kind of cold or virus in last several months.
I'll try to do my best, I'll let you know.

you can sell it into the buyorders. You will only lose about 4000 NXT, which should be fine
Actually I'd prefer to exchange it for NEM and distribute profits after NEM hits an exchange.

sure, but the deadline is over and they were pretty clear on making no exceptions.

Looks like there is still a chance to redeem the stake.

(http://oi60.tinypic.com/2zgezx3.jpg)

https://forum.nemcoin.com/general-discussion/nemstake-redemption-deadline/msg14159/#msg14159 (https://forum.nemcoin.com/general-discussion/nemstake-redemption-deadline/msg14159/#msg14159)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on March 12, 2015, 08:11:24 pm
Welcome to the club: I am also sick with the flu.
But I don't know how you can redeem them after the deadline. If you have a way to do it, let me know I would buy more Nemstakes.
Bad winter, I don't know a single person who was not ill with some kind of cold or virus in last several months.
I'll try to do my best, I'll let you know.

you can sell it into the buyorders. You will only lose about 4000 NXT, which should be fine
Actually I'd prefer to exchange it for NEM and distribute profits after NEM hits an exchange.

sure, but the deadline is over and they were pretty clear on making no exceptions.

Looks like there is still a chance to redeem the stake.

(http://oi60.tinypic.com/2zgezx3.jpg)

https://forum.nemcoin.com/general-discussion/nemstake-redemption-deadline/msg14159/#msg14159 (https://forum.nemcoin.com/general-discussion/nemstake-redemption-deadline/msg14159/#msg14159)
Yes, xtester has replied, it should be all right.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on March 13, 2015, 07:46:39 am
Weekly dividend:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 4438207
Summary of proposed distribution of  51371NXT to 278 assetholders
Based on ownership at timestamp 40938144 (Fri, 13 Mar 2015 07:42:24 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Here we go, we crossed 50 k NXT per week payout. Coding statistical arbitrage bot now  (spread trading) which should boost the profits up to 100 k nxt per week or so (then we'll finally start subtracting our 20% profit)
As usual if you need some MMNXT in bulk let me know.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on March 13, 2015, 01:28:18 pm
Wow, really nice result. It feels amazing to get 6600 NXT in a weekly dividend !
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: JanSako on March 13, 2015, 02:42:58 pm
Wow, really nice result. It feels amazing to get 6600 NXT in a weekly dividend !
Or even 25! :-)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on March 13, 2015, 03:47:28 pm
Here we go, we crossed 50 k NXT per week payout. Coding statistical arbitrage bot now  (spread trading) which should boost the profits up to 100 k nxt per week or so (then we'll finally start subtracting our 20% profit)

Thanks for the dividend. Much appreciated. One question though: will the spread trading introduce a greater risk of losses or is it a safe system for generating greater revenue? I'm all for making the system more effective but wouldn't want greed to get in the way of stability.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on March 13, 2015, 03:54:00 pm
Statistical arbitrage is relatively risk free as it just exploits natural swings in price difference between multiple exchanges. For example you go short an unusually high price and go long an unusually low price on 2 btc exchanges.

Spread trading is just market making and we are doing it all the time already on the AE
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on March 13, 2015, 03:56:55 pm
Oh, thanks. I'm not really a pro-trader. That's why I like this asset so much: it does the expert stuff for me :) It's not the same as leverage trading then, which I've read is a risky way to lose your money?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on March 13, 2015, 03:58:03 pm
Statistical arbitrage is way less risky than any leveraged trading
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on March 13, 2015, 07:27:29 pm
Here we go, we crossed 50 k NXT per week payout. Coding statistical arbitrage bot now  (spread trading) which should boost the profits up to 100 k nxt per week or so (then we'll finally start subtracting our 20% profit)

Thanks for the dividend. Much appreciated. One question though: will the spread trading introduce a greater risk of losses or is it a safe system for generating greater revenue? I'm all for making the system more effective but wouldn't want greed to get in the way of stability.
It is almost risk-free, basically you hold two positions which hedge one another, so you don't care about market moves. The profits are made from the spread (price difference between two open positions)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on March 13, 2015, 08:22:00 pm
Nice idea, even if I only partly get it :D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sirultimate on March 13, 2015, 08:30:09 pm
Hello coinomat!

Could you please provide a list of which bots are working and what they are doing? Also a list with planned bots would be nice. Maybe you could add that on mmnxt.com?

Greets :D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on March 13, 2015, 08:45:35 pm
I think it would be in coinomat's interest and anyone investing in his asset's interest if coinomat kept that info to himself (and his team). There's competition out there.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Lagb on March 13, 2015, 09:11:48 pm
I think it would be in coinomat's interest and anyone investing in his asset's interest if coinomat kept that info to himself (and his team). There's competition out there.
+1
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on March 14, 2015, 07:27:03 am
Hello coinomat!

Could you please provide a list of which bots are working and what they are doing? Also a list with planned bots would be nice. Maybe you could add that on mmnxt.com?

Greets :D
Yes, currently we run:
- NXT AE market making bots
- Bitcoin Litecoin Darkcoin MM bots (with neural nets prediction integrated)
- Bitcoin trading bot which predicts the moves in BTC price. works without any leverage, risks are reduced to the minimum.
Altcoins arbitrage bots temporarily don't work due to Bter situation
Next bot would be spread trading bot
After that we'll try to launch BTC scalping bot and get back to alts arbitrage, which I'm currently not a big fan of, due to exchanges instability.

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Amalgamus on March 19, 2015, 02:17:26 am
You should give a thought about taking your bot out of NXTInvest...

One trade I bought off your bot 4000 NXTInvest at 2.4 and selling back to him half an hour later at 2.71: profit 1240 NXT
Second trade I bought at 2.4 and sold it back to him at 3.01, not quite 4000 this time but still a nice profit of  around 2400 NXT.

Here I copied/pasted the trades from my wallet:

19/03/2015 02:33:52   Vendre   3'918   3.01   11'793.18   NXT-LS4D-ZRUN-QBDN-8JGMG   Vous
18/03/2015 07:41:12   Acheter   3'990   2.4   9'576 Vous  NXT-LS4D-ZRUN-QBDN-8JGMG
18/03/2015 05:42:29   Vendre   4'000   2.71   10'840   NXT-LS4D-ZRUN-QBDN-8JGMG   Vous
18/03/2015 05:20:58   Acheter   1'100   2.4   2'640   Vous   NXT-LS4D-ZRUN-QBDN-8JGMG
18/03/2015 05:00:06   Acheter   2'900   2.4   6'960   Vous   NXT-LS4D-ZRUN-QBDN-8JGMG

I don't like doing this kind of trades usually, i prefer "Hodling", but your bot was getting on my nerves by stopping me from buying so I took him for a ride... Now I know how to do it :D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on March 19, 2015, 07:43:06 am
You should give a thought about taking your bot out of NXTInvest...

One trade I bought off your bot 4000 NXTInvest at 2.4 and selling back to him half an hour later at 2.71: profit 1240 NXT
Second trade I bought at 2.4 and sold it back to him at 3.01, not quite 4000 this time but still a nice profit of  around 2400 NXT.

Here I copied/pasted the trades from my wallet:

19/03/2015 02:33:52   Vendre   3'918   3.01   11'793.18   NXT-LS4D-ZRUN-QBDN-8JGMG   Vous
18/03/2015 07:41:12   Acheter   3'990   2.4   9'576 Vous  NXT-LS4D-ZRUN-QBDN-8JGMG
18/03/2015 05:42:29   Vendre   4'000   2.71   10'840   NXT-LS4D-ZRUN-QBDN-8JGMG   Vous
18/03/2015 05:20:58   Acheter   1'100   2.4   2'640   Vous   NXT-LS4D-ZRUN-QBDN-8JGMG
18/03/2015 05:00:06   Acheter   2'900   2.4   6'960   Vous   NXT-LS4D-ZRUN-QBDN-8JGMG

I don't like doing this kind of trades usually, i prefer "Hodling", but your bot was getting on my nerves by stopping me from buying so I took him for a ride... Now I know how to do it :D
Hmmm...
You mean NXTInspect probably?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Amalgamus on March 19, 2015, 01:49:17 pm
Yes, you are right, I often make the mistake.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on March 20, 2015, 09:39:14 am
Yes, you are right, I often make the mistake.
Yes thank you for reporting, this is a result of the bot setting a PAIR of orders, and a network bug (it lost two open orders). This is fixed.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on March 20, 2015, 09:43:30 am
Weekly dividend:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 5322796
Summary of proposed distribution of  69643NXT to 286 assetholders
Based on ownership at timestamp 41549628 (Fri, 20 Mar 2015 09:33:48 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Pretty intense trading week I must say
If you can't make money with trading Bitcoin now you probably can't make money trading at all
Let's hope it stays this way.
Planning to launch spread trading bots within 7-10 days
would give us  riskless profits in the range 2-4% monthly.

Bulk buyers are always welcome as usually.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: youyou on March 20, 2015, 09:58:03 am
isn't 2-4% already our range?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on March 20, 2015, 09:59:54 am
Dividend in.  :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on March 20, 2015, 10:04:52 am
isn't 2-4% already our range?
Yes but it will boost the overall profit.
Potentially you can trade like 10000 BTC like that.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on March 20, 2015, 10:10:32 am
What effect would this boost be on a percentage basis per MMNXT? I think it worked out to about 0.013% this week.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: youyou on March 20, 2015, 10:56:49 am
isn't 2-4% already our range?
Yes but it will boost the overall profit.
Potentially you can trade like 10000 BTC like that.

not sure to understand what you mean.

Our current monthly profit per share is around 2-4%.
So what do you expect when spread trading bots will be launched?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on March 20, 2015, 11:03:42 am
isn't 2-4% already our range?
Yes but it will boost the overall profit.
Potentially you can trade like 10000 BTC like that.

not sure to understand what you mean.

Our current monthly profit per share is around 2-4%.
So what do you expect when spread trading bots will be launched?

an additional 2-4%

What effect would this boost be on a percentage basis per MMNXT? I think it worked out to about 0.013% this week.

more like 1.3%
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on March 20, 2015, 11:17:08 am
^ oh, yeah. Fat fingered my calculator  :D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on March 20, 2015, 11:18:40 am
isn't 2-4% already our range?
Yes but it will boost the overall profit.
Potentially you can trade like 10000 BTC like that.

not sure to understand what you mean.

Our current monthly profit per share is around 2-4%.
So what do you expect when spread trading bots will be launched?
What I mean is our fund will grow, when our trading capital becomes larger we will be able to utilize it. Naturally there's a cap for amount of funds you can trade at NXT AE or with altcoins arbitrage. On the other hand trading bitcoin spread could make use of 1000+ btc and provide 50 btc + montly profit
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on March 20, 2015, 07:56:22 pm
With a stable and steady return like this your fund certainly will grow, when I've got some spare fiat :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on March 21, 2015, 01:18:33 am
I predict that the fund will trade at 1.15 within the next 10 days!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xcn on March 21, 2015, 09:44:24 pm
how many assets will be distributed eventually?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on March 22, 2015, 07:54:52 am
how many assets will be distributed eventually?
Well there are 50 mil.
But currently we don't need more trading funds.
When we do we will be selling more.
The goal is to provide a dividend of around 3-4% monthly
Naturally we need to make corresponding profits to do that :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on March 26, 2015, 06:04:32 pm
I predict that the fund will trade at 1.15 within the next 10 days!

Five days to go and its already at 1.139999!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Nxtblg on March 26, 2015, 08:49:51 pm
I predict that the fund will trade at 1.15 within the next 10 days!

Five days to go and its already at 1.139999!

Saw that...it's getting hard to buy below 1.10.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on March 27, 2015, 07:08:36 am
Regular Friday dividends:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 5935374
Summary of proposed distribution of  61161NXT to 291 assetholders
Based on ownership at timestamp 42145149 (Fri, 27 Mar 2015 06:59:09 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

We keep up the pace. Next week we will be starting spread trading bot, this is the the most important  at the moment.
But also we keep working on improving our current bots, and I plan to resume alts arbitrage too (No BTER though)
Bulk purchasers are still welcome, we prepare for the start of spread bot, this is a bot which can trade around 300-500 btc easily.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on March 27, 2015, 12:44:24 pm
I predict that the fund will trade at 1.15 within the next 10 days!

Five days to go and its already at 1.139999!

Saw that...it's getting hard to buy below 1.10.

1.15!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: boomabc on March 27, 2015, 01:18:02 pm
I think there are people who in buying in bulk and getting this asset at a discount. These people are dumping from time to time. So no need to hurry otherwise you are feeding this system.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on March 27, 2015, 02:29:05 pm
I think there are people who in buying in bulk and getting this asset at a discount. These people are dumping from time to time. So no need to hurry otherwise you are feeding this system.
Actually I can't see this. If they do start I won't be selling more :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on March 27, 2015, 02:50:29 pm
Why sell bulk MMNXT when it works well? :)

That was rhetorical. I know why some people would abuse coinomat's offer of a bulk buy: make a fast buck and run.

I'm sure they'll be weeded out when assets are bought and sold on quickly.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Nxtblg on March 27, 2015, 03:32:18 pm
I predict that the fund will trade at 1.15 within the next 10 days!

Five days to go and its already at 1.139999!

Saw that...it's getting hard to buy below 1.10.

1.15!

Congrats: you were right. A trade went through at exactly 1.15.  ;D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: ColmanThompson on March 28, 2015, 08:18:03 pm
Last Price: 1.1750000 NXT  ;) ;D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: ColmanThompson on March 28, 2015, 08:19:40 pm
Loving MMNXT... Best NXT asset idea ever, (IMHO)  I even joined this Forum just to post this. Thanks and much respect. :) Bye. :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: ColmanThompson on March 28, 2015, 08:33:37 pm
1.18...
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: marechou on March 28, 2015, 11:48:02 pm
how many assets will be distributed eventually?
Well there are 50 mil.
But currently we don't need more trading funds.
When we do we will be selling more.
The goal is to provide a dividend of around 3-4% monthly
Naturally we need to make corresponding profits to do that :)

On this post you say you don't need other funds, but on other post you're saying that whales can contact you in pm to buy in bulk.

So could you clarify, did the situation changed ? how much additional  funds do you need?

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on March 29, 2015, 06:42:48 am
how many assets will be distributed eventually?
Well there are 50 mil.
But currently we don't need more trading funds.
When we do we will be selling more.
The goal is to provide a dividend of around 3-4% monthly
Naturally we need to make corresponding profits to do that :)

On this post you say you don't need other funds, but on other post you're saying that whales can contact you in pm to buy in bulk.

So could you clarify, did the situation changed ? how much additional  funds do you need?
Basically we target profit around 3-5% monhtly. If we are able to maintain it we sell more assets. It is done gradually based on the bots performance. Definitely we wouldn't be able to utilize, say, 1 mil dollar at the moment. Simply not so much action in crypto trading yet (maybe in Bitcoin swing trading but we try to minimize the risks and don't do it)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sapphire on April 01, 2015, 03:24:33 am
So, coinomat, any luck redeeming NEM from those late NEMstakes you had? NEM has just launched.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xiahui135 on April 01, 2015, 04:02:24 am

So, coinomat, any luck redeeming NEM from those late NEMstakes you had? NEM has just launched.
i already regard this a lost.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on April 01, 2015, 07:04:57 am

So, coinomat, any luck redeeming NEM from those late NEMstakes you had? NEM has just launched.
i already regard this a lost.
Not at all, we're in contact with the devs, NEM will be exchanged, as promised.
I don't like your negativity :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on April 03, 2015, 09:08:20 am
Weekly dividend:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 6514557
Summary of proposed distribution of  65319NXT to 298 assetholders
Based on ownership at timestamp 42757420 (Fri, 03 Apr 2015 09:03:40 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): Coinomat1 dividend

Next week starting spread bots!

The asset price is rising nicely, so if you need it in bulk and won't dump it we could work smth out.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on April 03, 2015, 11:35:00 am
Weekly dividend:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 6514557
Summary of proposed distribution of  65319NXT to 298 assetholders
Based on ownership at timestamp 42757420 (Fri, 03 Apr 2015 09:03:40 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): Coinomat1 dividend

Next week starting spread bots!

The asset price is rising nicely, so if you need it in bulk and won't dump it we could work smth out.

Thanks for the dividend (and checking out my card on slack). I'd buy more, sure, but it's two weeks until fiat pay day! Boo hoo! :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on April 03, 2015, 12:01:41 pm
Thank you for the dividends :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on April 07, 2015, 07:58:32 pm
Cheap MMNXT at AE, someone crashed the price. Don't miss it :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on April 07, 2015, 08:18:10 pm
Its because a guy had to sell his MMNXT to make a fiat payment in need. No need to worry ;)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on April 08, 2015, 03:52:57 am
It was me. I needed a large deposit on moving house. I was gutted about selling a lot of my MMNXT but had no other choice as all my money was in crypto. I'm sorry coinomat but I had no other option. It's my favourite asset and I'll be buying more again as time goes on. Hopefully the price will recover over the next couple of days. I'm gutted, but moving to a nicer house was important to me. Sorry guys :( It was the last thing I wanted to do but I had no other option as my FIAT account was dry.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: jlauzon on April 08, 2015, 06:09:24 am
Damn dude, you gotta do...

If we can't sell our Assets with no guilt then something's wrong. Bidness is bidness.

P.S. I own and love MMNXT myself. I'm reinvesting back into it as I receive dividends.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: blackyblack1 on April 08, 2015, 06:28:15 am
It was me. I needed a large deposit on moving house. I was gutted about selling a lot of my MMNXT but had no other choice as all my money was in crypto. I'm sorry coinomat but I had no other option. It's my favourite asset and I'll be buying more again as time goes on. Hopefully the price will recover over the next couple of days. I'm gutted, but moving to a nicer house was important to me. Sorry guys :( It was the last thing I wanted to do but I had no other option as my FIAT account was dry.
I have not hoped that my bid will ever be executed. Thanks for refuelling my mmnxt stash.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on April 08, 2015, 07:31:08 am
No hard feelings :) This is an open market, so anything can happen. I just was surprised to see such a dump for no obvious reason.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on April 08, 2015, 11:30:56 am
Cheers. I hope you appreciate that I would never have dumped unless I needed the cash.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Nxtblg on April 08, 2015, 03:23:09 pm
Cheap MMNXT at AE, someone crashed the price. Don't miss it :)

Well put! I was about not being able to sell something else in time to take advantage : I only snapped up ~10,000 more...
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Nxtblg on April 08, 2015, 03:24:37 pm
Cheers. I hope you appreciate that I would never have dumped unless I needed the cash.

Given your explanation, I feel kinda sorry about you not facing a liquid enough buybook. :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on April 08, 2015, 05:00:21 pm
I checked out polo before I sold on AE and volumes were very limited. Sign of an asset in demand, I expect.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on April 10, 2015, 08:18:50 am
Dividends:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 6891762
Summary of proposed distribution of  57542NXT to 310 assetholders
Based on ownership at timestamp 43359315 (Fri, 10 Apr 2015 08:15:15 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

A little less this week, we launched new spread arbitrage bot but it doesn't close trades too often (when it does it takes a good profit, though). Expect the profits to rise within the next two weeks.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: jeff jefferson on April 10, 2015, 12:15:38 pm
Dividends:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 6891762
Summary of proposed distribution of  57542NXT to 310 assetholders
Based on ownership at timestamp 43359315 (Fri, 10 Apr 2015 08:15:15 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

A little less this week, we launched new spread arbitrage bot but it doesn't close trades too often (when it does it takes a good profit, though). Expect the profits to rise within the next two weeks.

thx! my favourite asset. please keep up the good work!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Nxtblg on April 10, 2015, 02:20:32 pm
thx! my favourite asset. please keep up the good work!

Tell me about it! Damn, it's like a savings account - only the rates are much higher than any fiat alternative.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: ColmanThompson on April 10, 2015, 08:45:09 pm
I too agree, best NXT asset yet..If they can keep the profit up coinomat will be the new crypto hero of all NXTers.. :)

Can somebody clarify something for me please?

So the payout was today --> Based on ownership at timestamp 43359315 (Fri, 10 Apr 2015 08:15:15 GMT) 

but on poloniex I dont get my NXT until the Monday or Tuesday after....

I recently got some MMNXT on SAE, so will the NXT payout (pun intended) be the same time?.. ie will I receive on Monday or Tuesday at SAE?

Sorry if its a noob question and I should have read it somewhere...

Thanks in advance.. :)

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on April 10, 2015, 08:55:44 pm
Sae is normal blockchain. So you already got it if you hold some today
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: ColmanThompson on April 10, 2015, 09:24:04 pm
Thank you :)

I just looked in my transaction list and I have received it.. :D

Too busy buying selling and arbing to notice..

Much appreciated :)

All the best 2 ya :)

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on April 12, 2015, 08:23:17 am
Someone's dumping at AE. On the other hand we're the third most traded asset on AE now, behind MGWBTC and Supernet.
As for dumping - guys I don't understand why you're doing this, we're going strong, and you don't let the asset price grow.
We have sufficient trading funds for now, and the share price is not so important for me, so you're basically killing off your profits, that's all.

On the bright side - good opportunity to buy some cheap MMNXT guys!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: jeff jefferson on April 12, 2015, 01:42:20 pm
Woah nice, def gonna buy
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Cassius on April 12, 2015, 02:14:27 pm
Someone's dumping at AE. On the other hand we're the third most traded asset on AE now, behind MGWBTC and Supernet.
As for dumping - guys I don't understand why you're doing this, we're going strong, and you don't let the asset price grow.
We have sufficient trading funds for now, and the share price is not so important for me, so you're basically killing off your profits, that's all.

On the bright side - good opportunity to buy some cheap MMNXT guys!

True, but the price of the asset doesn't affect the dividends. Lower price, better yields. Presumably anyone holding long term is happy with lower prices. I guess the assets will end up in the hands of people who appreciate that.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on April 12, 2015, 02:43:53 pm
Someone's dumping at AE. On the other hand we're the third most traded asset on AE now, behind MGWBTC and Supernet.
As for dumping - guys I don't understand why you're doing this, we're going strong, and you don't let the asset price grow.
We have sufficient trading funds for now, and the share price is not so important for me, so you're basically killing off your profits, that's all.

On the bright side - good opportunity to buy some cheap MMNXT guys!

True, but the price of the asset doesn't affect the dividends. Lower price, better yields. Presumably anyone holding long term is happy with lower prices. I guess the assets will end up in the hands of people who appreciate that.


Well, someone dumping=people buying from others=Coinomat doesn't getting any extra funds= Total income/funds stays the same
Someone "pumping" the price by buying at a higher price = there is a chance that people will be buying directly from Coinomat = Total funds to be played at increases.

So it's a no-brainer that the asset issuers wants the price to be higher. If that's a good thing or bad, time will tell :-)
If the instruments are many and flexible, fund holder will make use of the funds. If there aren't many instruments to play with, too many funds are overkill.

If you catch an arbitrage opportunity, for instance, you will only profit a certain amount. You probably won't be able to abuse such an oppurtunity with 100 BTC :-)

I do have faith in our fund holder, let's see how it will perform with the increasing funds.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Cassius on April 12, 2015, 03:16:09 pm
Someone's dumping at AE. On the other hand we're the third most traded asset on AE now, behind MGWBTC and Supernet.
As for dumping - guys I don't understand why you're doing this, we're going strong, and you don't let the asset price grow.
We have sufficient trading funds for now, and the share price is not so important for me, so you're basically killing off your profits, that's all.

On the bright side - good opportunity to buy some cheap MMNXT guys!

True, but the price of the asset doesn't affect the dividends. Lower price, better yields. Presumably anyone holding long term is happy with lower prices. I guess the assets will end up in the hands of people who appreciate that.


Well, someone dumping=people buying from others=Coinomat doesn't getting any extra funds= Total income/funds stays the same
Someone "pumping" the price by buying at a higher price = there is a chance that people will be buying directly from Coinomat = Total funds to be played at increases.

So it's a no-brainer that the asset issuers wants the price to be higher. If that's a good thing or bad, time will tell :-)
If the instruments are many and flexible, fund holder will make use of the funds. If there aren't many instruments to play with, too many funds are overkill.

If you catch an arbitrage opportunity, for instance, you will only profit a certain amount. You probably won't be able to abuse such an oppurtunity with 100 BTC :-)

I do have faith in our fund holder, let's see how it will perform with the increasing funds.

I don't quite follow - what price is coinomat selling at? Is there a threshold?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on April 12, 2015, 03:22:30 pm
Someone's dumping at AE. On the other hand we're the third most traded asset on AE now, behind MGWBTC and Supernet.
As for dumping - guys I don't understand why you're doing this, we're going strong, and you don't let the asset price grow.
We have sufficient trading funds for now, and the share price is not so important for me, so you're basically killing off your profits, that's all.

On the bright side - good opportunity to buy some cheap MMNXT guys!

True, but the price of the asset doesn't affect the dividends. Lower price, better yields. Presumably anyone holding long term is happy with lower prices. I guess the assets will end up in the hands of people who appreciate that.


Well, someone dumping=people buying from others=Coinomat doesn't getting any extra funds= Total income/funds stays the same
Someone "pumping" the price by buying at a higher price = there is a chance that people will be buying directly from Coinomat = Total funds to be played at increases.

So it's a no-brainer that the asset issuers wants the price to be higher. If that's a good thing or bad, time will tell :-)
If the instruments are many and flexible, fund holder will make use of the funds. If there aren't many instruments to play with, too many funds are overkill.

If you catch an arbitrage opportunity, for instance, you will only profit a certain amount. You probably won't be able to abuse such an oppurtunity with 100 BTC :-)

I do have faith in our fund holder, let's see how it will perform with the increasing funds.

I don't quite follow - what price is coinomat selling at? Is there a threshold?

Well, if the average price is 1.2 and someone wants to buy bulk, he won't sell at 1.03.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: LocoMB on April 12, 2015, 03:45:48 pm
someone on slack said earlier today they had to urgently cover some expenses in fiat- offered to sell for 1.05 off exchange, apparaently didn't find any takers and needed it really urgently.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on April 12, 2015, 03:48:48 pm
Yeah, he's moving his house.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on April 12, 2015, 03:53:13 pm
I always buy big in such situations. Can't complain that he dumped ;)

Longterm hodl FTW
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: futurist on April 12, 2015, 08:38:56 pm
someone on slack said earlier today they had to urgently cover some expenses in fiat- offered to sell for 1.05 off exchange, apparaently didn't find any takers and needed it really urgently.

What they are saying and what they are doing is different. They are selling MMNXT and buying InstantDEX.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on April 12, 2015, 08:51:26 pm
someone on slack said earlier today they had to urgently cover some expenses in fiat- offered to sell for 1.05 off exchange, apparaently didn't find any takers and needed it really urgently.

What they are saying and what they are doing is different. They are selling MMNXT and buying InstantDEX.

Well, he has no incentive to missinform us though. His reasons are his. My reaction would't change if he has told me he's dumping to buy something else (which he does, actually). So we shouldn't care.

Unless... LOL, nevermind :-)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on April 12, 2015, 09:00:40 pm
I was wondering how much dividend one would have received, if one bought in the IPO and just hodled.

Here is the answer:

(http://i.imgur.com/rex8uJJ.png)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on April 12, 2015, 09:02:26 pm
Not too shabby ;-)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on April 12, 2015, 09:06:02 pm
Another Fun Fact:

MMNXT paid out 870'000 NXT overall.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: futurist on April 12, 2015, 09:16:44 pm
someone on slack said earlier today they had to urgently cover some expenses in fiat- offered to sell for 1.05 off exchange, apparaently didn't find any takers and needed it really urgently.

What they are saying and what they are doing is different. They are selling MMNXT and buying InstantDEX.

Well, he has no incentive to missinform us though. His reasons are his. My reaction would't change if he has told me he's dumping to buy something else (which he does, actually). So we shouldn't care.

Unless... LOL, nevermind :-)

I agree. Just stating the facts.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Nxtblg on April 12, 2015, 09:49:03 pm
Not too shabby ;-)

Over six months? Oh, yeah! ;D

The funny thing is: racking up a very-long-term stock-market return of 20% per year makes you a god.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on April 13, 2015, 07:29:55 am
I must say that we go almost risk free
risks are mostly situations similar to BTER stuff. 3-5% monthly is easily achievable with arbitrage strategies in crypto now
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: peddycb on April 14, 2015, 07:36:10 pm
hi coinomat I'm considering to invest more
can prove it that they are not as hype ( Bitcointrader.biz )

sorry but I have to
heard a lot of negative about arbitrage
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on April 14, 2015, 08:15:07 pm
hi coinomat I'm considering to invest more
can prove it that they are not as hype ( Bitcointrader.biz )

sorry but I have to
heard a lot of negative about arbitrage
Just check our AE bots, they are trading live since months
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: nskendrovic on April 16, 2015, 08:50:42 pm
Ok a newb question. Im new to nxt actualy started today and i like thiss aset thingy. One question. If i buy MMNXT today..do i get 10% dividend on end of the month (that is for 14 days i hold it)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on April 16, 2015, 08:54:56 pm
Ok a newb question. Im new to nxt actualy started today and i like thiss aset thingy. One question. If i buy MMNXT today..do i get 10% dividend on end of the month (that is for 14 days i hold it)

you get dividend on friday, if you hold some shares. here what it look so far:
I was wondering how much dividend one would have received, if one bought in the IPO and just hodled.

Here is the answer:

(http://i.imgur.com/rex8uJJ.png)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Cassius on April 16, 2015, 08:55:30 pm
Ok a newb question. Im new to nxt actualy started today and i like thiss aset thingy. One question. If i buy MMNXT today..do i get 10% dividend on end of the month (that is for 14 days i hold it)

It pays weekly. Not sure when the 'ex dividend' date is, but it's not long before payout (Fridays usually).
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on April 17, 2015, 07:57:40 am
10% montly is way too much, for a stable trading operation, IMO.
And yes you get paid even if you buy the asset the day before the dividend payment day, people don't seem to abuse this, so we let is slide.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on April 17, 2015, 08:41:06 am
Dividends got paid!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on April 17, 2015, 08:42:39 am
Dividend day:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 7595425
Summary of proposed distribution of  50878NXT to 322 assetholders
Based on ownership at timestamp 43965443 (Fri, 17 Apr 2015 08:37:23 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

We rebalanced our trading funds taking into account our spread bot, and it managed to close two trades up to now. On average it should close more, as calculations show. So there should be a bump in the dividends next week.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sigwo on April 17, 2015, 04:54:30 pm
Love getting my weekly dividends! This is better than any fiat savings account. Unless of course you factor NXT and BTC tanking. They ebb and flow like anything else. I'm here for the long term hold. :) Keep up the good work!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on April 24, 2015, 09:01:57 am
Weekly dividend:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 7591569
Summary of proposed distribution of  50590NXT to 334 assetholders
Based on ownership at timestamp 44571471 (Fri, 24 Apr 2015 08:57:51 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Spreads between exchanges are lower than they used to be some time ago, so the spread bot didn't pick up full steam yet.
We're returning to alts arbitrage between exchanges starting from next week.

Another thing - I won't be offering bulk sales, at least for a while. It doesn't seem to be good for the asset price, and some shareholders are not happy.
I will be adding liquidity through AE if need be.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on April 24, 2015, 01:16:05 pm
Nice dividends as always. And on time again!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: 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.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on April 26, 2015, 07:23:11 am
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.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on April 26, 2015, 07:33:51 am
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
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on April 26, 2015, 10:22:03 am
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.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on April 26, 2015, 10:44:57 am
Thanks  :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: 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?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: shmoula on April 26, 2015, 01:18:20 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?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on April 26, 2015, 02:16:33 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?
They would compete :) Nothing wrong with that.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: jeezy on April 27, 2015, 08:56:15 am
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?

(https://nxtforum.org/avatars/Musicians/Queen.jpg)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: jl777 on April 27, 2015, 09:08:22 am
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?

(https://nxtforum.org/avatars/Musicians/Queen.jpg)
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.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Cassius on April 27, 2015, 09:17:42 am
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?

(https://nxtforum.org/avatars/Musicians/Queen.jpg)
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.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: jl777 on April 27, 2015, 09:31:39 am
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?

(https://nxtforum.org/avatars/Musicians/Queen.jpg)
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)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Cassius on April 27, 2015, 09:45:53 am
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?

(https://nxtforum.org/avatars/Musicians/Queen.jpg)
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)

Yes, I wasn't being entirely serious :) Shame though.
Would be nice if someone could have profited off that bot running on Bittrex.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: jeezy on April 28, 2015, 07:46:30 am
Okay so all I need to do is develop a Anti-Bot Bot to exploit their trades.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: LibertyNow on April 29, 2015, 11:17:00 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?

(https://nxtforum.org/avatars/Musicians/Queen.jpg)
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....
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Cassius on April 30, 2015, 11:35:44 am
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?

(https://nxtforum.org/avatars/Musicians/Queen.jpg)
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.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on May 01, 2015, 10:00:25 am
Weekly dividend:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 7522130
Summary of proposed distribution of  50787NXT to 334 assetholders
Based on ownership at timestamp 45178601 (Fri, 01 May 2015 09:36:41 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): mmnxt dividend

Arbitrage bots are slowly picking up steam, also started making bots for OKcoin futures, let's see what comes out of this, 1:20 leverage is risky so the idea is to select only secure trades and use some inefficiencies of the platform.





Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on May 01, 2015, 11:05:24 pm
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.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on May 02, 2015, 08:25:15 am
Good idea actually, if it becomes a major problem we will definitely do it
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on May 02, 2015, 12:01:59 pm
Hi, what pourcentage of the funds that are in NXT and BTC? ty
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on May 03, 2015, 05:24:57 pm
Hi, what pourcentage of the funds that are in NXT and BTC? ty
NXT AE bots are about 25% of all the trading funds
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on May 08, 2015, 08:14:26 am
Weekly dividends:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 7611475
Summary of proposed distribution of  57313NXT to 341 assetholders
Based on ownership at timestamp 45777860 (Fri, 08 May 2015 08:04:20 GMT)

Profits are on the rise again, the growth should be steady now.

Current state of the fund in general is the following:

total trading funds 211 BTC

Trading funds break down by bots, using current BTC/NXT/USD exchange ration

NXT AE bot - 44 BTC

Swing trading bot - 80 BTC

Statistical Arbitrage Bot - 41 BTC

MM Bitcoin bot - 46 BTC

Altcoins arbitrage bots are currently on hold.

Coders team is comprised currently of 3 coders, I manage organizational issues.

Our plans:

New statistical arbitrage bots trading with high leverage (OKcoin futures platform)

Serious approach to altcoin arbitrage, I'm planning to hire new coders to concentrate specifically on this. This direction is important
for future ecosystem development, and should be pursued no matter what problems you could run into now.

In future MMNXT fund will be focused only on "risk-free" (as much as it is applicable to crypto) bots.
Swing trading could be moved to another operation (if at all)

Our ultimate goal is to become THE crypto automated trading operation, this is a nascent but quickly developing market, which is there to stay.

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on May 08, 2015, 11:58:30 am
Hello Coinomat,

does that mean we are getting a new asset in mid-term?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on May 08, 2015, 12:44:02 pm
Hello Coinomat,

does that mean we are getting a new asset in mid-term?
Don't really think so, at least not in near future, makes no sense now.
I will be launching some tracking asset soon, to track performance of 20 coins with highest market cap.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on May 08, 2015, 02:03:51 pm
Hello Coinomat,

does that mean we are getting a new asset in mid-term?
Don't really think so, at least not in near future, makes no sense now.
I will be launching some tracking asset soon, to track performance of 20 coins with highest market cap.
What exactly would a tracking asset do?  Just doing some formality trades to see how well it could perform?

Tease us some. ;-)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on May 08, 2015, 05:05:52 pm
it's gonna be like Dow-Jones index for crypto :)
And the asset will be an analogue of index fund (when you buy all the stocks in Dow-Jones or S&P index)
http://en.wikipedia.org/wiki/Index_fund
Hello Coinomat,

does that mean we are getting a new asset in mid-term?
Don't really think so, at least not in near future, makes no sense now.
I will be launching some tracking asset soon, to track performance of 20 coins with highest market cap.
What exactly would a tracking asset do?  Just doing some formality trades to see how well it could perform?

Tease us some. ;-)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Bernard Lerring on May 08, 2015, 07:56:05 pm
I hope it's more accurate than CoinMarketCap :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on May 10, 2015, 08:07:17 am
Hi coinomat,
Can you fix the graph and profit listing on the site? They are just simply not in sync anymore, and this for a while.
While you are at it, It would be very nice to see every day on the graph from the beginning of mmnxt, instead of a moving 1 month interval. Im sure this would give a sensation of progression  ;)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on May 10, 2015, 08:52:48 am
Hi coinomat,
Can you fix the graph and profit listing on the site? They are just simply not in sync anymore, and this for a while.
While you are at it, It would be very nice to see every day on the graph from the beginning of mmnxt, instead of a moving 1 month interval. Im sure this would give a sensation of progression  ;)
Yes sure, we're updating the stats now, will be working normally from Monday on
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on May 15, 2015, 07:35:52 am
As always on Friday here goes the dividend

MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 7640835
Summary of proposed distribution of  54283NXT to 342 assetholders
Based on ownership at timestamp 46380552 (Fri, 15 May 2015 07:29:12 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Profits have stabilized, which is good, now they have to grow, working on that diligently.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: baseke on May 20, 2015, 04:16:49 am
Nice and stable work Dev, thanks a lot!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: bob_ggg on May 20, 2015, 09:32:57 am
Hello Coinomat, could you post a graph that tracks the value of MMNXT with dividends reinvested?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on May 21, 2015, 09:16:00 am
Hello Coinomat, could you post a graph that tracks the value of MMNXT with dividends reinvested?
You mean profit per share?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: bob_ggg on May 21, 2015, 03:39:51 pm
Hello Coinomat, could you post a graph that tracks the value of MMNXT with dividends reinvested?
You mean profit per share?
I mean the value of a share of MMNXT if dividends had been reinvested the day when you paid them.
You have these data in Yahoo when you search for the historical quotes of a stock.
It is the adjusted close and you can find it in the last column of the table that you get following this link.

http://finance.yahoo.com/q/hp?s=GE+Historical+Prices
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on May 22, 2015, 09:52:37 am
Hello Coinomat, could you post a graph that tracks the value of MMNXT with dividends reinvested?
You mean profit per share?
I mean the value of a share of MMNXT if dividends had been reinvested the day when you paid them.
You have these data in Yahoo when you search for the historical quotes of a stock.
It is the adjusted close and you can find it in the last column of the table that you get following this link.

http://finance.yahoo.com/q/hp?s=GE+Historical+Prices
I don't have it off-hand, but I could try to build it. Probably it would make sense to start publishing dividend stats at the stats site too.
Meanwhile, weekly divend:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 7925535
Summary of proposed distribution of  45544NXT to 346 assetholders
Based on ownership at timestamp 46992933 (Fri, 22 May 2015 09:35:33 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Strange situation in BTC market this week, it hardly moves and seems to be poised for some seriuos break-out. Swing bot doesn't trade much in such market conditions. But looks like crypto is coming back to life now, I anticipate some serious moves.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on May 24, 2015, 07:43:42 am
I can see that dumpers brought the price back to 1 NXT per share. Another great moment to buy some MMNXT in my opinion. We're going stable, this dump has nothing to do with our performance.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: whale on May 27, 2015, 08:52:03 am
MMNXT Escrow

NXTinspect is holding 40 million MMNXT in escrow and will not release further funds until the asset's price reaches (or exceeds) 2 NXT.

More information: https://nxtforum.org/escrow/(escrow)-mmnxt-nxt-q4bk-hz3k-pqau-6tym7
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on May 27, 2015, 11:07:22 am
Thank you for providing the escrow, I'd like to emphasize here the release of the assets when the price reaches 2 NXT will be discussed with asset holders so it doesn't have any negative effect on the price.
MMNXT Escrow

NXTinspect is holding 40 million MMNXT in escrow and will not release further funds until the asset's price reaches (or exceeds) 2 NXT.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: xiahui135 on May 27, 2015, 03:39:06 pm
Good!
We have a clearer step now.
And any further plan about the funds? I think we can sell more shares only when we need more fund for larger liquidity and larger profit.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on May 27, 2015, 09:49:36 pm
Good!
We have a clearer step now.
And any further plan about the funds? I think we can sell more shares only when we need more fund for larger liquidity and larger profit.
Yes! No more shares will be sold till the asset price is above 2 NXT.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on May 29, 2015, 09:06:23 am
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 for the future plans: We will be focusing more or NXT AE and arbitrage which includes NXT. MMNXT operation is meant to provide risk free profit with small fluctuations, and help provide additional liquidity to NXT AE and NXT in general. Besides, NXT AE trading is transparent. So I would formulate the MMNXT goals in the following way now: MMNXT is focused on transparent automated trading with low risk. Bots portfolio will be formed according to this principle.

Regular dividends:

MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 7850108
Summary of proposed distribution of  55426NXT to 345 assetholders
Based on ownership at timestamp 47595242 (Fri, 29 May 2015 08:54:02 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT Dividend
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on May 29, 2015, 09:09:02 am
thanks receveid dividend!  ;D ;D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Cassius on May 29, 2015, 09:38:13 am
Thank you very much, as ever.
Some crazy volumes coming from BTC38. Do you have plans to operate there? There are good arb opportunities as the price leads there a lot, but equally I'm not sure they can be called 'low risk' at this point.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on May 29, 2015, 10:27:49 am
Thank you very much, as ever.
Some crazy volumes coming from BTC38. Do you have plans to operate there? There are good arb opportunities as the price leads there a lot, but equally I'm not sure they can be called 'low risk' at this point.
Well I've been selling some NXT there last week, worked fine.
Actually their script is similar to BTER :) I don't really know yet actually, we'll see how they operate in future.
Bter had his problems before that disaster, so you could tell that some shit was about to happen.
God bless the Chinese in any case!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: jeff jefferson on May 29, 2015, 10:56:20 am
thank you for explaining the future plans.

how soon can you include altcoin arbitrage in your portfolio? there are many movements in the altcoin markets. i think big profits can be made there.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on May 31, 2015, 09:09:50 pm
Hi coinomat,

Your MMNXT asset is the one I hold the most currently and since you want a business with low risk, I'm concern that a lot of the fund are in BTC instead of Nxt and not necessarely trading Nxt pair. I mean, price fluctuation between Nxt and BTC could vary a lot and this may possibly affect the viability of MMNXT in the long or even the short time frame.

I would not fear to invest more in MMNXT if I knew that 100% of the fund would be in Nxt AE. I know that 100% fund in Nxt AE would not be the most profitable strategy, but it would be the more secure one.

What are your thought and plan on this subject to protect the funds from potential fast and high swing BTC/NXT price? How the fund is managed concerning this matter? I know you give some hints in some post up there, but I would like a more detailed answer.

Thanks

Edit: Maybe answering the following question would take care of my concern: What are the actual measures that MMNXT has put in place in case of very large price fluctuation?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on June 01, 2015, 07:47:58 am
Hi coinomat,

Your MMNXT asset is the one I hold the most currently and since you want a business with low risk, I'm concern that a lot of the fund are in BTC instead of Nxt and not necessarely trading Nxt pair. I mean, price fluctuation between Nxt and BTC could vary a lot and this may possibly affect the viability of MMNXT in the long or even the short time frame.

I would not fear to invest more in MMNXT if I knew that 100% of the fund would be in Nxt AE. I know that 100% fund in Nxt AE would not be the most profitable strategy, but it would be the more secure one.

What are your thought and plan on this subject to protect the funds from potential fast and high swing BTC/NXT price? How the fund is managed concerning this matter? I know you give some hints in some post up there, but I would like a more detailed answer.

Thanks

Edit: Maybe answering the following question would take care of my concern: What are the actual measures that MMNXT has put in place in case of very large price fluctuation?
Hi. Yes, we're moving in that direction. We had to engage other bots since AE does not have enough liquidity at the moment. But as it grows more and more funds will be used to trade at AE.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on June 05, 2015, 07:12:32 am
Weekly dividend:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8104934
Summary of proposed distribution of  48472NXT to 341 assetholders
Based on ownership at timestamp 48193576 (Fri, 05 Jun 2015 07:06:16 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Due to NXT network update trading volume was a little smaller last week, but of course it will grow the next one.
Asset price climbs higher, sending to the escrow seems to be the right decision. It should cross 2NXT level not before too long.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on June 12, 2015, 08:14:53 am
Weekly:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8205350
Summary of proposed distribution of  46834NXT to 342 assetholders
Based on ownership at timestamp 48802101 (Fri, 12 Jun 2015 08:08:21 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

AE volume is still a little lower after the update. On the other hand recent API updates are very nice, should increase trading volume in the long run.

A couple of words about the strategy for the upcoming months - we're going back to altcoin arbitrage between different exchances.
In future MMNXT will be focused on AE and arbitrage, and only "riskless" bots.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on June 12, 2015, 08:27:09 am
Thanks!  ;)
just question
when credit card is started?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on June 12, 2015, 08:47:52 am
Thanks!  ;)
just question
when credit card is started?
Please ask in the coinomat thread:)
But it will be next week
And this time there won't be any delays later
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on June 12, 2015, 10:27:25 am
Thanks!  ;)
just question
when credit card is started?
Please ask in the coinomat thread:)
But it will be next week
And this time there won't be any delays later


i am sorry
thanks for update  :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on June 19, 2015, 08:29:28 am
Weekly:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8140471
Summary of proposed distribution of  66972NXT to 344 assetholders
Based on ownership at timestamp 49408039 (Fri, 19 Jun 2015 08:27:19 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Second wave of crypto revolution is beginning! Time to make crypto grow and maybe make some money along the way.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Fortis on June 19, 2015, 01:43:10 pm
received ....thank you...nice dividend
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Fortis on June 19, 2015, 06:35:37 pm
question:
...i want to start  a nomad life style ... can i count on your bot as a source of revenue...will you be in the game for the long term?

(http://i.imgur.com/r9JVSfO.jpg)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on June 19, 2015, 09:05:48 pm
question:
...i want to start  a nomad life style ... can i count on your bot as a source of revenue...will you be in the game for the long term?

(http://i.imgur.com/r9JVSfO.jpg)
I will be there till I die :)
Go easy with nomad life style :) Start with countries with good internet access :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Nxtblg on June 20, 2015, 02:55:36 pm
Weekly:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8140471
Summary of proposed distribution of  66972NXT to 344 assetholders
Based on ownership at timestamp 49408039 (Fri, 19 Jun 2015 08:27:19 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Second wave of crypto revolution is beginning! Time to make crypto grow and maybe make some money along the way.

As always, thanks for the dividends. As for the "second wave", a lot of us are counting on it! ;D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on June 26, 2015, 06:44:25 am
Dividend day :)
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 7933471
Summary of proposed distribution of  53039NXT to 346 assetholders
Based on ownership at timestamp 50006502 (Fri, 26 Jun 2015 06:41:42 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

The asset price rises nicely on its way to 2NXT. I was asked what happens when 2NXT mark has been reached. Probably nothing, the asset price will climb higher :) I don't plan to release many shares, price won't be hurt.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Omega on June 26, 2015, 05:03:02 pm
Received.  This is a wonderful asset.  Well done sir. 
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on July 03, 2015, 10:22:47 am
Friday is the dividend day!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 7891160
Summary of proposed distribution of  64819NXT to 350 assetholders
Based on ownership at timestamp 50623818 (Fri, 03 Jul 2015 10:10:18 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on July 03, 2015, 10:39:50 am
Friday is the dividend day!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 7891160
Summary of proposed distribution of  64819NXT to 350 assetholders
Based on ownership at timestamp 50623818 (Fri, 03 Jul 2015 10:10:18 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend



thank you as always. Great dividend.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Omega on July 03, 2015, 06:47:31 pm
Thanks!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on July 03, 2015, 06:49:23 pm
Yeah thanks!  :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Acura360 on July 07, 2015, 05:54:56 am
Hi!

Got a quick Question to the makers of the Asset:

Is this i lifetime Asset?
I'd like to invest a large share in it.
But unfortunately I do not know how to plan looks like for the coming years for MMNXT ?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: peddycb on July 08, 2015, 09:21:24 pm
I would also like to know

just so as a question you must pay tax on their profits
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on July 09, 2015, 09:01:44 am
I would also like to know

just so as a question you must pay tax on their profits
As long as there's NXT AE MMNXT is also there. Also Instandex is coming, we will be there too
MMNXT focus is all decentralized exchanges.
Decide for yourself, if you think that this whole thing  will be successful - invest in MMNXT too.

As for taxes - yes you should actually
personal income tax in most jurisdictions
too complicated to treat AE profits as profits from securities now I fear.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: peddycb on July 10, 2015, 11:25:10 am
hm I think dividends of mmnxt are tax-free in Germany 
I will discount time with my accountant  ;)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on July 10, 2015, 11:31:25 am
Dividends:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 7891160
Summary of proposed distribution of  58487NXT to 355 assetholders
Based on ownership at timestamp 51233298 (Fri, 10 Jul 2015 11:28:18 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT divdidend

That was a volatile week I must say
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: zorke on July 14, 2015, 02:16:16 am
So how do we get to the distribution list of 355 people? Thanks
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Audo Kryptowitz on July 14, 2015, 09:15:36 am
So how do we get to the distribution list of 355 people? Thanks

At least this way:
1. go to http://jnxt.org/nxt and enter any NXT address there
2. Write the asset ID to the search box, for MMNXT it is 979292558519844732
3. click "Click here to view this asset in the Asset Exchange."
4. click "Distribution: View Asset Distribution"

That JAY NRS client is very handy for following your own transactions, with the power of NXT client features, without typing your passphrase.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on July 15, 2015, 11:45:31 am
So how do we get to the distribution list of 355 people? Thanks
Actually I copy and paste this from dividend plugin in SuperNET NXT client
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on July 17, 2015, 08:07:11 am
Weekly:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 7917020
Summary of proposed distribution of  40682NXT to 368 assetholders
Based on ownership at timestamp 51825842 (Fri, 17 Jul 2015 08:04:02 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Pretty crazy week, also due to NXT client update AE trading was slow
It will improve :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on July 17, 2015, 10:00:11 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.
Title: MMNXT - market making and arbitrage fund for NXT AE.
Post by: jlauzon on July 17, 2015, 11:19:46 pm
Sounds like an administrative nightmare for coinomat though.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on July 18, 2015, 07:01:56 am
Not that much if he automated it with scripting.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: jeff jefferson on July 18, 2015, 07:26:01 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.


This is an awesome idea. I would participate too!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on July 21, 2015, 09:23:30 pm
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....
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on July 21, 2015, 09:49:25 pm
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?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Cassius 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.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 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.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat 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?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat 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.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: jlauzon 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.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 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.  :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat 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
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 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.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Cassius 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.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 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.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Cassius 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.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on July 24, 2015, 02:18:05 pm
I see ^^  :D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 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.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: JamesList 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.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: jeff jefferson on July 29, 2015, 04:25:26 pm
so. whos dumping? any reasons?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Arkh on July 29, 2015, 04:53:53 pm
Also are they any news about the buy back idea ?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 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.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat 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
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: huafei on July 30, 2015, 11:09:38 am
which slack?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Ludom on July 30, 2015, 12:16:35 pm
SuperNET slack
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on July 30, 2015, 01:23:09 pm
which slack?
http://slackinvite.supernet.org/
when you have receveid invite go here : https://sprnt.slack.com/
Welcome! ;)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on July 31, 2015, 11:08:47 am
Weekly!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8125365
Summary of proposed distribution of  48117NXT to 380 assetholders
Based on ownership at timestamp 53046272 (Fri, 31 Jul 2015 11:04:32 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

and tomorrow the first dividend for EIX will be paid.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on July 31, 2015, 11:13:26 am
I received the dividend from the "Coinomat" account instead of "MMNXT dividend account". Any particular reason?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: huafei on July 31, 2015, 12:08:47 pm
Weekly!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8125365
Summary of proposed distribution of  48117NXT to 380 assetholders
Based on ownership at timestamp 53046272 (Fri, 31 Jul 2015 11:04:32 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

and tomorrow the first dividend for EIX will be paid.
what is EIX?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: JamesList on July 31, 2015, 12:32:14 pm
Weekly!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8125365
Summary of proposed distribution of  48117NXT to 380 assetholders
Based on ownership at timestamp 53046272 (Fri, 31 Jul 2015 11:04:32 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

and tomorrow the first dividend for EIX will be paid.
what is EIX?

https://nxtforum.org/assets-board/e9-multistrategy-nxt-hedge-fund-bots-fx-crypto-trading-and-asset-portfolio/
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on July 31, 2015, 02:14:09 pm
Thanks for dividend!  :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on August 01, 2015, 01:41:37 pm
Hey coinomat.

Can we assume that your Eix bots are having similar functionality with the mmnxt bots?

Considering the recent price drop on the asset (dividends are still decent)  I'm wondering if some people are changing ships.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 01, 2015, 04:59:21 pm
Hey coinomat.

Can we assume that your Eix bots are having similar functionality with the mmnxt bots?

Considering the recent price drop on the asset (dividends are still decent)  I'm wondering if some people are changing ships.
they might. But EIX bots don't trade at AE, and MMNXT is mostly about AE bots at the moment
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Omega on August 04, 2015, 12:43:13 am
Can we be assured resources for this new E9 fund are not being diverted from this asset?  The fund prospectus at the beginning of this thread states that MMNXT is a combination of AE trading and Exchange trading using bots.  What is the plan going forward?  Will MMNXT stick to the AE and E9 will be on the major exchanges?

I think the E9 fund is great but the same developer taking part in two different trade-bot projects gives me pause.  A little more clarity would be much appreciated.

Thanks!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sapphire on August 04, 2015, 04:17:23 am
Isn't Cassius the developer at E9?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Cassius on August 04, 2015, 07:07:10 am
Isn't Cassius the developer at E9?

I'm involved but I'm not a developer. MMNXT investor too.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: KarlKarlsson on August 04, 2015, 09:46:10 am

Can we be assured resources for this new E9 fund are not being diverted from this asset?  The fund prospectus at the beginning of this thread states that MMNXT is a combination of AE trading and Exchange trading using bots.  What is the plan going forward?  Will MMNXT stick to the AE and E9 will be on the major exchanges?

I think the E9 fund is great but the same developer taking part in two different trade-bot projects gives me pause.  A little more clarity would be much appreciated.

Thanks!
In the post right above yours coinomat stated that MMNXT is mostly AE trading whereas E9 is mainly about arbitrage on exchanges, so there shouldn't be too much overlapse. Even if, I heard multiple bots trading on AE wouldn't harm each other. Still holding MMNXT


Sent from my iPhone using Tapatalk
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Tecem on August 04, 2015, 10:57:47 am
Maybe the drop in price of the asset have to do with the profit of teh last days. Seems very low athttp://www.mmnxt.com/.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Nxtblg on August 04, 2015, 04:05:58 pm
Maybe the drop in price of the asset have to do with the profit of teh last days. Seems very low athttp://www.mmnxt.com/.

That's my guess too. I chalked it up to higher profits inviting competition, which lowers the profits. Good for liquidity, but not necessarily good for MMNXT's return.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on August 04, 2015, 04:54:36 pm

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

Burning coin seems appropriate to me.

@coinomat, are you interest in making an official vote on the subject? If not, please let us know. But I think others shareholder are interest in such a possibility. At the least I seen no one showing opposition.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on August 04, 2015, 07:42:45 pm
I've just noticed the profit for the last 4 days. That's a major unlucky period. Especially considering NXT is losing value, too (the profit declines both in quantity and quality).

Though I'm still confident in the project. Already bought some more with the recent dump (it's mostly the same guy selling in 100k bulks) but seeing that the buy pressure is almost non-existant now, price may drop even more.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 05, 2015, 10:56:57 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

Burning coin seems appropriate to me.

@coinomat, are you interest in making an official vote on the subject? If not, please let us know. But I think others shareholder are interest in such a possibility. At the least I seen no one showing opposition.
Yes of course, let's do it. let's decide on what we vote exactly first
probably we should use slack channel to discuss this
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 05, 2015, 10:59:12 am
I've just noticed the profit for the last 4 days. That's a major unlucky period. Especially considering NXT is losing value, too (the profit declines both in quantity and quality).

Though I'm still confident in the project. Already bought some more with the recent dump (it's mostly the same guy selling in 100k bulks) but seeing that the buy pressure is almost non-existant now, price may drop even more.
There were some delays with stats update. Actually the profit is stable more or less. But yeah NXT AE is slower now. Let's wait for the next pump in crypto, I would say this year fall and the end of the year.
Also we need more projects on AE.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on August 05, 2015, 11:35:18 am
Yes of course, let's do it. let's decide on what we vote exactly first
probably we should use slack channel to discuss this

Which channel on slack?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on August 05, 2015, 11:47:34 am

There were some delays with stats update. Actually the profit is stable more or less. But yeah NXT AE is slower now. Let's wait for the next pump in crypto, I would say this year fall and the end of the year.
Also we need more projects on AE.

I've saved enough in the last 2 months so I can survive a winter :-)
While asset price is discouraging as we won't be able to cash out in case of a cash need weekly dividends are still at a good level, making it a good investment.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on August 05, 2015, 11:49:08 am
Any ideas why the ae  is doing so poor lately? We always had decent volume over the bear market but now it feels like something has changed...

Sent from my SM-N9005 using Tapatalk

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Cassius on August 05, 2015, 12:00:14 pm
Any ideas why the ae  is doing so poor lately? We always had decent volume over the bear market but now it feels like something has changed...

Sent from my SM-N9005 using Tapatalk

Do you mean price or volume?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: _mr_e on August 05, 2015, 12:16:20 pm
Any ideas why the ae  is doing so poor lately? We always had decent volume over the bear market but now it feels like something has changed...

Sent from my SM-N9005 using Tapatalk

Do you mean price or volume?
Volume.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: SamIbandii on August 05, 2015, 12:18:51 pm
I think this is related to the holidays. Just wait until September.
I 'm still confident MMNXT is a good investment, and now is the time to buy.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: SamIbandii on August 05, 2015, 01:53:17 pm
Right now on the AE, some kind of a fight going on to sell MMNXT assets at 1,07999999 NXT
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Nxtblg on August 05, 2015, 04:07:45 pm
Right now on the AE, some kind of a fight going on to sell MMNXT assets at 1,07999999 NXT

Now down to 1.0689999.

But there's one thing about MMNXT: it always pays. Regardless of the dividend's ups and downs - which is actually the best "proof of legitimacy" there is, because profit fluctuations are real life in the real market-making world - the dividend always comes through, week after week after week.

MMNXT has been down this gloomy road at least twice beforehand: every time, it's bounced back. This time should be no different.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 05, 2015, 09:14:13 pm
Yes, you have to give me that - all my assets always pay dividend.
Market price is something different.
Actually the thing here is the fund profit does not depend on the asset price, so it limits the asset price too.
But in any case  the "fair" price is about 1.5 NXT, so we'll be there in a while.
Right now on the AE, some kind of a fight going on to sell MMNXT assets at 1,07999999 NXT

Now down to 1.0689999.

But there's one thing about MMNXT: it always pays. Regardless of the dividend's ups and downs - which is actually the best "proof of legitimacy" there is, because profit fluctuations are real life in the real market-making world - the dividend always comes through, week after week after week.

MMNXT has been down this gloomy road at least twice beforehand: every time, it's bounced back. This time should be no different.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Nxtblg on August 06, 2015, 07:52:00 pm
Yes, you have to give me that - all my assets always pay dividend.

Well worth an applaud. :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on August 06, 2015, 10:23:12 pm
Ok mmnxt shareholder, coinomat just set a poll about the dividends of mmnxt.
Please everyone votes.
Really cool to use the Nxt voting system for a real use case.

You can take a look at the current results on that blockexplorer:
https://nxtportal.org/polls/14305781929821355952
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: shmoula on August 07, 2015, 08:54:07 am
For which period it should be? Just once, or burning them every month or so?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on August 07, 2015, 08:57:35 am
For which period it should be? Just once, or burning them every month or so?

My understanding is that the new dividend procedure would be
1. buy,
2. burn and
3. distribute dividend, everyweek.
 It is better to buy and burn before distributing dividend otherwise you might pay dividend to the holder you might just buy their asset right after. It is better that the holders get dividend than the sellers.

However, it is coinomat who will really clarified this point.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 07, 2015, 09:22:20 am
Dividend:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8207321
Summary of proposed distribution of  56669NXT to 389 assetholders
Based on ownership at timestamp 53644728 (Fri, 07 Aug 2015 09:18:48 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend. Please vote in the poll about the divs!

Please vote what we should do with the dividends now. In your NXT client click Voting tab on the left, and find MMNXT poll.
The voting will be live till next Friday. It is weighted by the asset amount held.
Basically it goes about whether we should use part of the dividends to buy back the shares or not.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on August 07, 2015, 09:28:32 am

The voting will be live till next Friday. It is weighted by the asset amount held.


Right now, only ~2124 blocks left for voting. This mean that during this sunday, the current voting poll will be close. Note that there is an average of ~794 blocks per 24h.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 07, 2015, 09:33:50 am
Damn,
something is wrong, I did not set it this way.
All right, let's vote fast :)

The voting will be live till next Friday. It is weighted by the asset amount held.


Right now, only ~2124 blocks left for voting. This mean that during this sunday, the current voting poll will be close. Note that there is an average of ~794 blocks per 24h.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: shmoula on August 07, 2015, 09:35:34 am
Can you please reply to my question (https://nxtforum.org/index.php?topic=5987.msg190730#msg190730)?

Damn,
something is wrong, I did not set it this way.
All right, let's vote fast :)

The voting will be live till next Friday. It is weighted by the asset amount held.


Right now, only ~2124 blocks left for voting. This mean that during this sunday, the current voting poll will be close. Note that there is an average of ~794 blocks per 24h.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on August 07, 2015, 09:36:36 am
Can someone please tell again what's to achieve by burning assets? So that we e will receive less dividends but asset price will rise?

If we keep getting higher dividends,  asset price will increase in a natural way anyway. Who wants the assets to be burned and for what reason other than having the option to cash out earlier?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on August 07, 2015, 09:41:53 am
Can someone please tell again what's to achieve by burning assets? So that we e will receive less dividends but asset price will rise?

If we keep getting higher dividends,  asset price will increase in a natural way anyway. Who wants the assets to be burned and for what reason other than having the option to cash out earlier?

I just copy paste the relevent discussion about this from supernet slack. I hope that will help your decision.

Quote
coinomat [6:02 PM]
Some shareholders suggest we vote on dividend payments.  Basically the question is should we reinvest the profits, by buying back the assets and burning them.  Please chime in, and we'll make a vote after some final discussion

cassius [6:03 PM]
2 questions, I guess. 1) Should anything be reinvested automatically. 2) If so, how much?

jahl [6:13 PM]
no

coinomat [6:20 PM]
and what is reinvestment, that should be defined

sigwo [6:20 PM]
No. Leave the way it is please. :grin:

coinomat [6:21 PM]
you can reinvest the profits, you can buy the assets back, there can be various ways

karlkarlsson [6:22 PM]
I actually like the idea of a share buyback

karlkarlsson [6:23 PM]
20% should be enough though

karlkarlsson [6:23 PM]
make a poll with different options and let your shareholders vote :simple_smile:

cassius [6:24 PM]
The great thing about this is that *someone* is bound to be upset

karlkarlsson [6:24 PM]
as always :smile:

karlkarlsson [6:25 PM]
it doesn't really matter in the end, profit is profit. however, for major companies a public share buyback program is a sign of good management

arkh [6:25 PM]
I agree with the buyback I think it would help apply a buying pressure

karlkarlsson [6:25 PM]
and you would be the first to do it on the AE I think

karlkarlsson [6:25 PM]
or did NXTI do it once?

jahl [6:48 PM]
why can't the ppl that want to buyback, buy back themselves when they receive the div? that way everybody is happy and does what he wants with the divs

jahl [6:48 PM]
i invested to receive nxt

cassius [6:58 PM]
^^^ This is not such a dumb idea :simple_smile:

cascrypto [7:03 PM]
Calculate div would be harder, getting new investors seeing roi is important.  Wouldend mind receiving partial in assets, that is sn

jahl [7:05 PM]
then buy them as soon as you receive your div

cassius [7:05 PM]
I still like the idea of increasing divs, I have to say :simple_smile:

jahl [7:05 PM]
it will be market bought anyway, you can even place lower bids with the divs

cascrypto [7:07 PM]
Keep it clear,  like mmnxt as it is! with more div and action on nxt

arkh [7:13 PM]
If we buy at market, we reduce the number of outstanding shares thus increasing the dividend per share for holders. Also it gives a solid exit door to people that want to get out. The downside is that it reduces the upcoming divs, but in my opinion it will be worth it for long term holders.

tecem [7:32 PM]
Keep it as it is. i invested for what mmnxt is now and I made my strategy based on how mmnxt is now. Would be bad to change it now.

tecem [7:35 PM]
And I dont see a problem with buying new mmnxt yourself with the div you got. If you want to reinvest you simply can

sebastien256 [7:43 PM]
joined #mmnxt

tecem [7:43 PM]
The people that exit now and are dumping the price are some big holders. they exit anyway why give them a better exit with a market buy? the more they drop the more people can get in cheap and are likely to hold since this is one of the better paying assets. If you buy wait 10 weeks and sell after you can sell them with profit for a lower price since the diff will make up for it. it will also happan with less shares and bigger div pays per week.

tecem [7:45 PM]
A buyback will give speculators and exit that are hoping to buy low and sell for a little profit. It doesnt help the people that are in for long term to rech roi and get decent payments every week

sebastien256 [7:47 PM]
I guess. this is the mmnxt slack channel :simple_smile:

sebastien256 [7:49 PM]
Seems to me that 20% reinvesment and burning is reasonable. This would make share being value more and increase dividends in the long term. Since i'm in for long term. I pretty much like this idea

sebastien256 [7:53 PM]
hmm, poll should have only two options to get a majority vote.

sebastien256 [7:54 PM]
Otherwise, it might require more than one round, if we want it to be a fair poll.

sebastien256 [7:55 PM]
First poll, I propose to ask if 20% reinvesment is accepted. If yes.

sebastien256 [7:55 PM]
you ask another poll for 30% etc, until vote do not pass.

sebastien256 [7:56 PM]
If 20% do not pass, you ask for 10%. If 10% do not pass either, mmnxt stay de same as it is .

sebastien256 [7:56 PM]
This is the way I see it.

sebastien256 [7:58 PM]
I believe two polls should be enought to determine what will happen.

sebastien256 [7:58 PM]
I doubt that 30% reinvestment would pass.

coinomat [11:17 PM]
yes, I think most people prefer to leave things the way they are, but there are other opinions too. So tomorrow I'll make a vote

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: KarlKarlsson on August 07, 2015, 09:43:06 am
Can someone please tell again what's to achieve by burning assets? So that we e will receive less dividends but asset price will rise?

If we keep getting higher dividends,  asset price will increase in a natural way anyway. Who wants the assets to be burned and for what reason other than having the option to cash out earlier?

It will create a long-term buy support for the asset. In the short-term, the dividend payments will be smaller, however in the long-term they will slightly increase from week to week (less shares to be paid in circulation). I voted for 25% buyback. Thanks for the opportunity, coinomat!  :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 07, 2015, 09:44:04 am
For which period it should be? Just once, or burning them every month or so?
You buy some assets every week with the dividend, and send them to some account with a "lost" password.
So it is weekly
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on August 07, 2015, 09:48:49 am
We are at about 25% participation currently. I hope it will be better until this sunday.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on August 07, 2015, 09:53:09 am
Thanks for the replies guys.
I haven't thought about the long term dividend increase due to less assets in circulation.

I and my 250k assets still don't like the idea though,  I'll wait till the asset price increases in a natural way. :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: KarlKarlsson on August 07, 2015, 09:55:34 am
We are at about 25% participation currently. I hope it will be better until this sunday.

Where can I see the results? I don't find it in the client  :o
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on August 07, 2015, 09:57:10 am
We are at about 25% participation currently. I hope it will be better until this sunday.

Where can I see the results? I don't find it in the client  :o

You need to followed poll then click on the poll you followed, otherwise, you can use blockexplorer
https://nxtportal.org/polls/14305781929821355952

Edit: if you were talking about the 25%, I computed it manually.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: KarlKarlsson on August 07, 2015, 10:01:04 am
We are at about 25% participation currently. I hope it will be better until this sunday.

Where can I see the results? I don't find it in the client  :o

You need to followed poll then click on the poll you followed, otherwise, you can use blockexplorer
https://nxtportal.org/polls/14305781929821355952

Thanks seb! I like the result so far  :)

Also tweeted about it!
https://twitter.com/nxtinfoorg/status/629592657971556352 (https://twitter.com/nxtinfoorg/status/629592657971556352)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on August 07, 2015, 10:51:51 am
Is it just me or having 3 days of voting to change something major in kinda not right?

If by the end of the weekend more then half of the asset holders vote for a change it's alright but other than that, this is extremely short notice. Many people won't even notice that there was such a discussion let alone being able to vote.

Sebastien; that 25% number you come up with, is that the total assets of those ~20 voters?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on August 07, 2015, 10:56:29 am
Is it just me or having 3 days of voting to change something major in kinda not right?

If by the end of the weekend more then half of the asset holders vote for a change it's alright but other than that, this is extremely short notice. Many people won't even notice that there was such a discussion let alone being able to vote.

Sebastien; that 25% number you come up with, is that the total assets of those ~20 voters?

The 25% is asset vote over total asset in circulation. I also have to agree that the vote time intervale notice is pretty small. If participation stay low, I think coinmat could consider make another one with a longer period. If participation is high, as you said no need to consider another poll, imo. So please vote!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on August 07, 2015, 11:02:52 am
Hmm, then I might just play it dirty and won't vote at all in the hope that we won't reach majority :P

BTW I don't know how to vote system works but it has abuse-protection, right? So I cannot just transfer my assets and vote again? :-)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: huafei on August 07, 2015, 11:04:30 am
what is “burn” meaning for ?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on August 07, 2015, 11:04:49 am
Hmm, then I might just play it dirty and won't vote at all in the hope that we won't reach majority :P

BTW I don't know how to vote system works but it has abuse-protection, right? So I cannot just transfer my assets and vote again? :-)

You can't abuse the system from any known attack.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on August 07, 2015, 11:05:13 am
what is “burn” meaning for ?

Remove asset from circulation forever by sending them to genesis account (a specially design account for that exact purpose)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: huafei on August 07, 2015, 11:20:09 am
any help after we burning?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on August 07, 2015, 11:32:50 am
any help after we burning?

Please reformulate, your question is difficult to understand.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: 13Darko on August 07, 2015, 11:52:19 am
any help after we burning?

Please reformulate, your question is difficult to understand.

The less assets are in circulation, the more dividend (NXT/asset) you get.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on August 07, 2015, 11:54:57 am
We are now at ~33% participation, please keep the vote coming in :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on August 07, 2015, 12:18:32 pm
Vote Done!  :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Nxter on August 07, 2015, 12:39:03 pm
BTW I don't know how to vote system works but it has abuse-protection, right? So I cannot just transfer my assets and vote again? :-)

If you move your assets to another account your original vote from the older account gets discounted automatically.
Nxt platform is great!  :)

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on August 07, 2015, 01:49:20 pm
BTW I want to get opinions from the pro-buyback people.

Why do people buy MMNXT and why do they keep it? Because it pays a nice dividend every week.
Considering the asset is paying a decent dividend - nice chance of ROI I would assume that the asset would become much more valuable but that's not case; even though we've seen 1.30 prices, we are almost at the initial value; 1.05.

So decent weekly dividends is not enough to create enough attention. How would a decrease of 25% in the dividends help? Why would a new investor join if he is not buying while the price is at 1.05 and dividends are at 100%?

Would a weekly injection of 15000NXT (0.2% of total assets worth) for buying the asset really overcome the 25% loss in dividends?

Edit: typo

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on August 07, 2015, 02:12:39 pm
Im interest in more dividends per share on the long run. Either from long term buyback, improved bots or more volume. I don't care about current asset price.

I think weekly injection will also get bigger in the future and this method is a way to garanty more dividends per shares on years time scale. It also support price and give liquidity.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on August 07, 2015, 02:48:04 pm
I'm doing some math to see it happening but failing to do so.

In order to reach current dividend level,  the profit must increase by 33%.  I don't see that happening considering coinomat itself won't get any new investment.

The number 33% won't change easily because at current level,  15000 NXT will  only decrease the total number of mmnxt in circulation from 8015000 to 8000000 which is easily ignorable.

How/when would the dividend reach its current level as long as 25% of it is subtracted?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on August 07, 2015, 02:57:44 pm
I'm doing some math to see it happening but failing to do so.

In order to reach current dividend level,  the profit must increase by 33%.  I don't see that happening considering coinomat itself won't get any new investment.

The number 33% won't change easily because at current level,  15000 NXT will  only decrease the total number of mmnxt in circulation from 8015000 to 8000000 which is easily ignorable.

How/when would the dividend reach its current level as long as 25% of it is subtracted?


Please read this and inform yourself on the impact of buyback program on the long term. I will not get into a number debate.
http://www.investopedia.com/articles/investing/112013/impact-share-repurchases.asp
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Nxter on August 07, 2015, 03:12:10 pm
what would be the price of repurchasing?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on August 07, 2015, 03:12:57 pm
what would be the price of repurchasing?

Market price.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on August 07, 2015, 03:57:37 pm

Please read this and inform yourself on the impact of buyback program on the long term. I will not get into a number debate.
http://www.investopedia.com/articles/investing/112013/impact-share-repurchases.asp

I don't really have much information or wisdom about finance so that's why I'm trying to figure it out. Those are my humble questions and concerns. Maybe someone else will come up with numbers.

The example on that link doesn't exactly apple to our case. And I'm not against the buy-back policy in general, I just don't see it fit in this case.
In real-world, 1 year is mid-term, 5 years is long-term. In crypto, 1 year is long-term, 3 years is eternity.

If someone would show my mistake in the following calculations I'll gladly thank him and vote for the buy-back policy, too.


Simplified numbers:
Average weekly profit: 60000 NXT
Current MMNXT in circulation: 8200000
Current MMNXT price: 1.05 NXT

With 25% buyback:
After 6 months:
60000*0.25*26 =390000 NXT used to purchase 370000 MMNXT leaving a total of 7830000 MMNXT in circulation  ==> 45000/7830000=0.00574 NXT per share
After 24 months:
60000*0.25*104=1560000 NXT used to purchase 1355000 MMNXT (assuming asset price climbed very little for an average price of 1.15) ==> 45000/6845000=0.00657 NXT per share

100000 MMNXT would bring ~ 62400 NXT

With current business plan:
0.00731 NXT per share

100000 MMNXT would bring ~ 76000 NXT


So even after 2 years, I don't see the dividend catching up which is really, really distant future. If you want to cash out after 2 years, with the higher asset price, you will profit more though. Buy-back program will be helpful to increase the asset price IF current investors won't leave in this 2 year period which would decrease back the asset price. Losing 25% short-term profit will definitely move away some investors but not sure how many.


(We should assume weekly profits to remain the same for the relativity purposes. Assuming profits will sky-rocket doesn't mean anything as it would increase exactly that much on the other scenario, too)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 07, 2015, 03:57:50 pm
The thing here is we have two quite different groups of asset holders
those who care about the dividends
and those who are more interested in the asset price growth

there has to be some trade off here. Looks like 25% option is the way to go
I don't endorse it and did not vote myself. probably I care more about the asset price at the moment, but you're to decide.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: maxll on August 08, 2015, 08:26:16 am
probably I care more about the asset price at the moment, but you're to decide.

So, if you care about the asset price, please burn ~40mln assets which are not distributed at the moment first. Then I would be more than happy to vote for weekly burning 25% of MY dividents.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Lagb on August 08, 2015, 09:31:11 am
So, if you care about the asset price, please burn ~40mln assets which are not distributed at the moment first. Then I would be more than happy to vote for weekly burning 25% of MY dividents.

+1  ;)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on August 08, 2015, 10:35:30 am
Well, maybe not all the 40M but he needs to keep some assets for a possible capital increase in the future. What happens if thing go very well and he's in need of some more capital to utilize?

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: PureVision on August 08, 2015, 11:15:50 am
Would the 25% for the buyback come from 100% of the profits? Or only out of the dividends paid to asset holders?
At the moment 60% of profits go to assetholders as dividends, and 40% goes to coinomat.

It would make a big difference if the money is only coming out of the investor's pocket, while coinomat get's to keep his full 40% profit.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 08, 2015, 11:19:53 am
Would the 25% for the buyback come from 100% of the profits? Or only out of the dividends paid to asset holders?
At the moment 60% of profits go to assetholders as dividends, and 40% goes to coinomat.

It would make a big difference if the money is only coming out of the investor's pocket, while coinomat get's to keep his full 40% profit.
Actually we pay the full 100% profits. I trade my own funds too.
so 25% is from 100% profits
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 08, 2015, 11:21:43 am
They are escrowed with NXTi, probably you've missed this development.
So, if you care about the asset price, please burn ~40mln assets which are not distributed at the moment first. Then I would be more than happy to vote for weekly burning 25% of MY dividents.

+1  ;)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: PureVision on August 08, 2015, 11:25:09 am
Would the 25% for the buyback come from 100% of the profits? Or only out of the dividends paid to asset holders?
At the moment 60% of profits go to assetholders as dividends, and 40% goes to coinomat.

It would make a big difference if the money is only coming out of the investor's pocket, while coinomat get's to keep his full 40% profit.
Actually we pay the full 100% profits. I trade my own funds too.
so 25% is from 100% profits

Ooh, I didn't know that. The openingpost states that only 60% paid as dividends.
Maybe it's a good idea to change the openingpost, to avoid confusion :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: whatnxt on August 08, 2015, 03:17:34 pm
Quote
karlkarlsson [6:25 PM]
it doesn't really matter in the end, profit is profit. however, for major companies a public share buyback program is a sign of good management

I hope that is sarcasm from karlkarlsson! Buybacks have a tendency to be at the top of the market when the people running the company have run out of ideas and just want to make their bonus. Buying back at the top of the market is always a stupid thing to do!

That said we are not at the top of the market, but why is this?

I think we are missing an option.
MMNXT has been in a back water from the marketing point of view since you moved to your own Cryptoassets.fund Projects forum.

If you want to move the price up try maintaining a dividend thread in the Asset Board before you start trying to manipulate the price.


For myself I was happy to hold which I know speculators are not happy to hear. If we move to a buy back, however, I will probably sellout.
My reasoning is as follows:
The buy back is unlikely to be good for the asset, since speculators know you  have to buy and how much (roughly) so they will push the price up to take advantage. Wow you succeeded to push the price up, congrats. The yield for future buyers is much less attractive though :( so no one with any sense will buy except to speculate. You are also buying at the top of the market :( welcome to the group of stupid investors that we like to call numpties, because you like a big fall.

But what does this increase in price mean? The asset is not better than before so it means a significant amount of the future earnings have been brought forward. Welcome to the pump and dump.

If that happens there is no point holding on to the asset for dividend because a lot of it is already available just by selling. There is no plan to grow the asset the reduction in assets only pushes up the price and reduces the yield.

Prices will go up and down as you pump and others dump. This may make the speculators amongst us happy but it is no good for your asset or your reputation.

I stand by by original advice.
If you want to push the price then start a thread on the Asset board reporting the dividend and start to market the asset.
 
Edit:
Just to be clear, I will wait until a good amount of the income is in the price before I dump.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on August 08, 2015, 06:34:49 pm
~44% participation at the moment. If you did not vote, please do so.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 08, 2015, 09:17:01 pm
Quote
karlkarlsson [6:25 PM]
it doesn't really matter in the end, profit is profit. however, for major companies a public share buyback program is a sign of good management

I hope that is sarcasm from karlkarlsson! Buybacks have a tendency to be at the top of the market when the people running the company have run out of ideas and just want to make their bonus. Buying back at the top of the market is always a stupid thing to do!

That said we are not at the top of the market, but why is this?

I think we are missing an option.
MMNXT has been in a back water from the marketing point of view since you moved to your own Cryptoassets.fund Projects forum.

If you want to move the price up try maintaining a dividend thread in the Asset Board before you start trying to manipulate the price.


For myself I was happy to hold which I know speculators are not happy to hear. If we move to a buy back, however, I will probably sellout.
My reasoning is as follows:
The buy back is unlikely to be good for the asset, since speculators know you  have to buy and how much (roughly) so they will push the price up to take advantage. Wow you succeeded to push the price up, congrats. The yield for future buyers is much less attractive though :( so no one with any sense will buy except to speculate. You are also buying at the top of the market :( welcome to the group of stupid investors that we like to call numpties, because you like a big fall.

But what does this increase in price mean? The asset is not better than before so it means a significant amount of the future earnings have been brought forward. Welcome to the pump and dump.

If that happens there is no point holding on to the asset for dividend because a lot of it is already available just by selling. There is no plan to grow the asset the reduction in assets only pushes up the price and reduces the yield.

Prices will go up and down as you pump and others dump. This may make the speculators amongst us happy but it is no good for your asset or your reputation.

I stand by by original advice.
If you want to push the price then start a thread on the Asset board reporting the dividend and start to market the asset.
 
Edit:
Just to be clear, I will wait until a good amount of the income is in the price before I dump.
Actually it should be clear that MMNXT price does not concern me that much, I consider it to be just a part of the marketing you mention.
The advice about moving back to asset board section is interesting.  This thread is quite alive, I don't think it matters so much. Maybe I'll make some thread there about all our assets.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: whatnxt on August 09, 2015, 03:30:01 am
Actually it should be clear that MMNXT price does not concern me that much, I consider it to be just a part of the marketing you mention.
The advice about moving back to asset board section is interesting.  This thread is quite alive, I don't think it matters so much. Maybe I'll make some thread there about all our assets.

Since you have to actively choose to look at the price, I think it comes after the marketing in importance.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: whatnxt on August 10, 2015, 05:48:19 am
Looks like we voted for buying at the top of the market by just over 7%. Quite a small margin considering.

The price has already gone up, around 13+ weeks of dividend have been brought forward so far. This is in the right ball park for a 25% repurchase (25% of a year in simple minded terms) so we are already at the top anything more is pure speculation.

Is there anyone out there watching and thinking, the price is going up, I should buy?
Or
Is it the same old group, who know what is happening, and are thinking the buys have not moved! If anything it has gone down!

In any case from now on we will be buying at the top of the market and burning 25% of the divi at a loss compared to individual reinvesting. Numpty land here we come! :(

So what happens next?

Edit: correction to numbers...
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 10, 2015, 07:04:48 am
Looks like we voted for buying at the top of the market by just over 7%. Quite a small margin considering.

The price has already gone up, around 13+ weeks of dividend have been brought forward so far. This is in the right ball park for a 25% repurchase (25% of a year in simple minded terms) so we are already at the top anything more is pure speculation.

Is there anyone out there watching and thinking, the price is going up, I should buy?
Or
Is it the same old group, who know what is happening, and are thinking the buys have not moved! If anything it has gone down!

In any case from now on we will be buying at the top of the market and burning 25% of the divi at a loss compared to individual reinvesting. Numpty land here we come! :(

So what happens next?

Edit: correction to numbers...
Well, people expect the asset price to rise, and this totally makes sense.  We're hovering near IPO price now, and performance is stable. So growth is natural,
buy back should only contribute to this.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on August 10, 2015, 07:04:59 am
25% of total investors voted for buyback which is impressive on such a short notice. Even though total votes remained below 50% (I did not vote for this particular reason) I won't object if buyback comes in.

I'll sell all my assets when the price hits back 1.30 though.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 10, 2015, 07:29:23 am
25% of total investors voted for buyback which is impressive on such a short notice. Even though total votes remained below 50% (I did not vote for this particular reason) I won't object if buyback comes in.

I'll sell all my assets when the price hits back 1.30 though.
Sorry for such a short voting period, I have to look deeper into voting plug-in. I'm dead sure that I set it to be next Friday.
MMNXT has a long way to go, so trade as you see fit :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: whatnxt on August 10, 2015, 07:54:58 am
Well, people expect the asset price to rise, and this totally makes sense.  We're hovering near IPO price now, and performance is stable. So growth is natural,
buy back should only contribute to this.

When the buy orders catch up then we could call it a success, however, my buy level went down because of the vote, not up.
You need to get new blood, who have a different perspective.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 14, 2015, 11:22:38 am
First dividend with buyback:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8076487
Summary of proposed distribution of  34614NXT to 391 assetholders
Based on ownership at timestamp 54254808 (Fri, 14 Aug 2015 10:46:48 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Approximately 15k will go to buyback, and probably I'll add my own funds to the buyback now.  I think fair price for the asset is 1.4-1.5.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on August 14, 2015, 11:29:04 am
Thanks for Div!  :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on August 14, 2015, 11:32:06 am
First dividend with buyback:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8076487
Summary of proposed distribution of  34614NXT to 391 assetholders
Based on ownership at timestamp 54254808 (Fri, 14 Aug 2015 10:46:48 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Approximately 15k will go to buyback, and probably I'll add my own funds to the buyback now.  I think fair price for the asset is 1.4-1.5.

Hi coinomat,

Thank you for the weekly dividends.

Could you do the buyback before distributing dividends. If I'm not mistaken, that would put more money in the long run toward the holder. I know the amount is small but I would prefer that the holder be recompensate instead of the seller.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: SamIbandii on August 14, 2015, 05:59:12 pm
I totally agree with Sebastien256.
Loyalty should be rewarded.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: taggartd on August 14, 2015, 11:08:31 pm
First dividend with buyback:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8076487
Summary of proposed distribution of  34614NXT to 391 assetholders
Based on ownership at timestamp 54254808 (Fri, 14 Aug 2015 10:46:48 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Approximately 15k will go to buyback, and probably I'll add my own funds to the buyback now.  I think fair price for the asset is 1.4-1.5.

Hi coinomat,

Thank you for the weekly dividends.

Could you do the buyback before distributing dividends. If I'm not mistaken, that would put more money in the long run toward the holder. I know the amount is small but I would prefer that the holder be recompensate instead of the seller.
I think coinomat has already done what you say: the number  of shares that receive a dividend are less than the previous week...
I think the 25% buyback is really a stupid decision: these are not company stocks issued on a regular market where the   book value is related to the price share (that of course is also linked to dividend s). So you buyback - The value of the company is divided for the number of shares  - but some share are owned by the company itself so the shares has a greater value  Here stocks like mmnxt have value only if they create dividends. If you close mmnxt tonorrrow you have almost nothing to sell and after distrbuite to asset holder.
So you think the price will go up. But now the sure thing is that dividend yekd is lower... as you can see from last  dividend. And in the long run  the price will be linked again to dividends... buyback or not..
I buy these stocks only if i can have more than 30/35% annual yeld. So for me the price is easy to understand.

And i have a question: buyback will end when all the shares will be burned    ;D ;D?  Or when the last survivor share will cost some billion of nxt? Because i didn't read about this aspect and perhaps it can affect the validity of the poll. Just for joking: for me it's enough to buyback 2 shares.... and for the others stakeholders?


Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Nxtblg on August 15, 2015, 03:15:52 pm
Could you do the buyback before distributing dividends.

I don't think that's a good idea. The more predictable the buyback schedule, the easier it is to game the buyback.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on August 15, 2015, 05:14:38 pm
I don't think the timing matters much.
Weekly volume is 500k, buyback is 15k. It will not create a pressure or drive the price alone. It will only cause the asset to be worth 25% less.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 15, 2015, 05:29:06 pm
Guys I think buyback is a very normal thing, it creates buy pressure and people become more optimistic about the stock in general. As for the amount - I will be buying also with my own funds. when the share price reaches 2 NXT I will sell it.  In some time we might need more funds for coding arbitrage bots, I plan to code an industry grade arbitrage trading system, i think it's time to approach alts arbitrage very seriously.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Paws1t1veEV on August 16, 2015, 08:00:32 pm
A buy back is good for investors. Short term dividends are decreased, which is unfortunate, but long term the buy back puts slight upward price pressure on the asset while simultaneously allowing the issuer to use the asset as asource of future equity. If additional funds are required, the issuer can simply sell shares to raise these funds. The increased holdings of the issuer also raise the incentive for the issuer to develop the asset, as it increases the value of these shares. If no MMNXT where owned by coinomat, what incentive would he have to maintain the asset?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on August 16, 2015, 08:26:56 pm
Just as a reminder;
coinomat won't sell any new assets as long as the asset price remains under 2 NXT.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Georgy on August 18, 2015, 07:00:48 am
I've got to say I agree with taggartd; the buyback thing doesn't make much sense (sorry if I've missed the voting)..

1) Price is way more heavily influenced by speculation than supply/demand, which makes the effort more wishful than realistic

2) As investor, do I rather want to have a stable dividend over time or speculate against market forces? I prefer to reinvest in MMNXT with the NXT dividends if I want to (and I do); but at least have a choice!

3) What's the point of a buy-back if there are another couple million MMNXT waiting to be distributed?

4) The escrow thing - as much as i think you have much higher integrity than other crypto players - don't think is a safe bet. Aren't you guys friends/ working together for a long time?
 
5) Where the arbitrage algorithms on MMNXT not supposed to already put that gentle upward price pressure?

Finally, who would have most interest in a price increase? Someone who is loyal/here for long or someone who wants to sell?
Food for thoughts...

Sorry if it's too direct/to the point - hopefully it can trigger healthy discussions
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 18, 2015, 07:35:25 am
Guys buy-back was mostly your proposition. As for integrity - you can see the assets in the escrow acc, they don't move, NXT is transparent, that's the most important.
I will try to make sure that the price will be in 1.3-1.5 range. Also I'll be buying it back with my own funds.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on August 18, 2015, 11:16:08 am
We'll have to give some time in order to honour the voting.
Maybe next month another poll will be made and the decision might change but let's hope for the best. Currently, people are doing their plans with this buyback scenario at work.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: danisapfirov on August 18, 2015, 04:00:58 pm
Don't understand this play with buybacking. Who needs this and what is the purpose?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: jeezy on August 19, 2015, 07:54:06 am
Don't understand this play with buybacking. Who needs this and what is the purpose?

Literally all the 10 posts above dude. I mean... seriously?

"buyback is a very normal thing, it creates buy pressure and people become more optimistic about the stock in general."
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 21, 2015, 02:34:07 pm
Weekly:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8123876
Summary of proposed distribution of  41500NXT to 397 assetholders
Based on ownership at timestamp 54872028 (Fri, 21 Aug 2015 14:13:48 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

AE is pretty much dead now, we need some action at AE in September.  NXT ecosystem deserves much better, probably we need some fresh blood.
With successful ETH launch it becomes even more important
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: ulrich909 on August 22, 2015, 12:05:32 pm
Where can i see a list of actual shareholders?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Peter2516 on August 22, 2015, 12:34:17 pm
Where can i see a list of actual shareholders?
Like this? http://nxtreporting.com/shareholder.php?a=979292558519844732
Nah, can't find my own account in that list, must be wrong :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: ulrich909 on August 22, 2015, 01:57:27 pm
Where can i see a list of actual shareholders?
Like this? http://nxtreporting.com/shareholder.php?a=979292558519844732
Nah, can't find my own account in that list, must be wrong :)
Quote
UPDATE: 2014/10/15: Nxt version 1.3.1 has been released and our Shareholder Analysis is back online!

Right now, we update the Shareholder data manually every few days.
Once the new client is tested and stable (in approx. 2-3 weeks), we will install it on the NxtReporting server and the Shareholder data will be displayed in real time. Thanks for your patience.
It is not up to date.  :( :(
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: durerus on August 22, 2015, 02:15:09 pm
Where can i see a list of actual shareholders?

In the standard NXT client. Click on the asset and then on Show distribution.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: ulrich909 on August 22, 2015, 02:31:01 pm
Where can i see a list of actual shareholders?

In the standard NXT client. Click on the asset and then on Show distribution.
Thank you :-)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: ulrich909 on August 23, 2015, 12:18:09 pm
Did you buy back some assets this week? I see only the 15k assets from last week.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: KarlKarlsson on August 23, 2015, 02:35:03 pm

Did you buy back some assets this week? I see only the 15k assets from last week.
The bot buys it back over time to make it unpredictable for traders. Give it some time..


Sent from my iPhone using Tapatalk
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Georgy on August 26, 2015, 06:38:42 am
Guys buy-back was mostly your proposition. As for integrity - you can see the assets in the escrow acc, they don't move, NXT is transparent, that's the most important.
I will try to make sure that the price will be in 1.3-1.5 range. Also I'll be buying it back with my own funds.

Still - sorry Coinomat but this is all but clear.


Bitcoiners think to change their algo a little and the community heats up; here we are talking about a much bigger change in the asset specs, and one that I feel is poorly defined ...
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 26, 2015, 08:09:31 am
I think you don't quite get the general mechanics of this -
at 2 NEW assets from escrow will be sold, and we will also vote on this. 25% buy back was also voted on. There was this suggestion and shareholders voted for it.  If shareholders won't want new shares to be sold at 2 no shares will be sold.
Guys buy-back was mostly your proposition. As for integrity - you can see the assets in the escrow acc, they don't move, NXT is transparent, that's the most important.
I will try to make sure that the price will be in 1.3-1.5 range. Also I'll be buying it back with my own funds.

Still - sorry Coinomat but this is all but clear.

  • If your hypothesis of market mechanics works, wouldn't it make more sense to try to buy more MMNXT at a lower price range to limit the supply?
  • What kind of a market do you expect to see for an asset bought back at 1.5 and sold at 2 from two different accounts managed by the same person? Does this make sense to investors?
  • To your point, disclosure doesn't mean control; we can see the escrow yes, but what control do we have about it?
  • Will there be 25% buyback every week or will it be dependent on the price? What are the rules?
  • If it's 25% buyback over a longer time period, what time frame would that be?
  • I don't understand how your own funds (I guess personal funds) change anything to the buyback mechanic...

Bitcoiners think to change their algo a little and the community heats up; here we are talking about a much bigger change in the asset specs, and one that I feel is poorly defined ...
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: marechou on August 27, 2015, 04:13:44 pm
As an investor I don't really agree about the buy back thing, in my mind it is more profitable to coinomat as he will be able to reach his goal of 2 NXT per asset quicker and then issue more shares.

Considering he gives 100% of profits to investors I guess it's pretty fair to let him achieve this goal so I don't complain.

Though I have some question.

When coinomat burn MMNXT, does it send it to an escrow or an unspendable proven adress? I know it is possible to send NXT to genesis account but what about an asset or an MS currency?




Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Arkh on August 27, 2015, 04:44:22 pm
As an investor I don't really agree about the buy back thing, in my mind it is more profitable to coinomat as he will be able to reach his goal of 2 NXT per asset quicker and then issue more shares.

Considering he gives 100% of profits to investors I guess it's pretty fair to let him achieve this goal so I don't complain.

Though I have some question.

When coinomat burn MMNXT, does it send it to an escrow or an unspendable proven adress? I know it is possible to send NXT to genesis account but what about an asset or an MS currency?

Reaching 2NXT allows coinomat to release them, that doesn't mean he is gonna do it. 

I'm not entirely sure but I think that you should be able to send assets to the genesis, coinomat said he'll give us the tx's of the burned mmnxt so we'll figure it out at this time.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 28, 2015, 10:58:32 am
Weekly:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8117654
Summary of proposed distribution of  37839NXT to 397 assetholders
Based on ownership at timestamp 55464588 (Fri, 28 Aug 2015 10:49:48 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

There were questions about MMNXT asset in the new cryptoasset.fund, I think I should mention it here too, no asset dilution will take place, around 700 k assets will be moved to the fund acc, but no dividend payments have been made to those shares.
After that all inactive MMNXT shares will be either in escrow or in cryptoasset.fund account.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on August 28, 2015, 11:10:30 am
Thank you!  :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: peggy2jj on August 28, 2015, 02:51:04 pm
Received
Thx!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Georgy on August 30, 2015, 08:35:58 pm
I think you don't quite get the general mechanics of this -
at 2 NEW assets from escrow will be sold, and we will also vote on this. 25% buy back was also voted on. There was this suggestion and shareholders voted for it.  If shareholders won't want new shares to be sold at 2 no shares will be sold.
Guys buy-back was mostly your proposition. As for integrity - you can see the assets in the escrow acc, they don't move, NXT is transparent, that's the most important.
I will try to make sure that the price will be in 1.3-1.5 range. Also I'll be buying it back with my own funds.

Still - sorry Coinomat but this is all but clear.

  • If your hypothesis of market mechanics works, wouldn't it make more sense to try to buy more MMNXT at a lower price range to limit the supply?
  • What kind of a market do you expect to see for an asset bought back at 1.5 and sold at 2 from two different accounts managed by the same person? Does this make sense to investors?
  • To your point, disclosure doesn't mean control; we can see the escrow yes, but what control do we have about it?
  • Will there be 25% buyback every week or will it be dependent on the price? What are the rules?
  • If it's 25% buyback over a longer time period, what time frame would that be?
  • I don't understand how your own funds (I guess personal funds) change anything to the buyback mechanic...

Bitcoiners think to change their algo a little and the community heats up; here we are talking about a much bigger change in the asset specs, and one that I feel is poorly defined ...


OK get it - new shares will be sold at 2 NXT.

And what happens with the old shares bought back? I don't think there is clarity to what happens with the escrow. If the plan is to burn them, why not do it straight away by sending them to a dump address?

Btw there were also some other questions in the list...

I've read the whole discussion again so as to avoid asking too many stupid questions... what i can see is that the plans are never clearly outlayed anywhere. Could someone who was involved in/driving the buy-back program summarize the full mechanics? I think it's the only way to stop the flow of questions and doubts of some of us..
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Georgy on August 30, 2015, 08:36:55 pm
Also, thanks for the dividend Coinomat - let's not forget  :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on August 31, 2015, 07:02:22 am
Let's burn them in 100k chunks at least!
Let's burn the first batch this week.
I think you don't quite get the general mechanics of this -
at 2 NEW assets from escrow will be sold, and we will also vote on this. 25% buy back was also voted on. There was this suggestion and shareholders voted for it.  If shareholders won't want new shares to be sold at 2 no shares will be sold.
Guys buy-back was mostly your proposition. As for integrity - you can see the assets in the escrow acc, they don't move, NXT is transparent, that's the most important.
I will try to make sure that the price will be in 1.3-1.5 range. Also I'll be buying it back with my own funds.

Still - sorry Coinomat but this is all but clear.

  • If your hypothesis of market mechanics works, wouldn't it make more sense to try to buy more MMNXT at a lower price range to limit the supply?
  • What kind of a market do you expect to see for an asset bought back at 1.5 and sold at 2 from two different accounts managed by the same person? Does this make sense to investors?
  • To your point, disclosure doesn't mean control; we can see the escrow yes, but what control do we have about it?
  • Will there be 25% buyback every week or will it be dependent on the price? What are the rules?
  • If it's 25% buyback over a longer time period, what time frame would that be?
  • I don't understand how your own funds (I guess personal funds) change anything to the buyback mechanic...

Bitcoiners think to change their algo a little and the community heats up; here we are talking about a much bigger change in the asset specs, and one that I feel is poorly defined ...


OK get it - new shares will be sold at 2 NXT.

And what happens with the old shares bought back? I don't think there is clarity to what happens with the escrow. If the plan is to burn them, why not do it straight away by sending them to a dump address?

Btw there were also some other questions in the list...

I've read the whole discussion again so as to avoid asking too many stupid questions... what i can see is that the plans are never clearly outlayed anywhere. Could someone who was involved in/driving the buy-back program summarize the full mechanics? I think it's the only way to stop the flow of questions and doubts of some of us..
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on September 04, 2015, 02:51:28 pm
Weekly:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8127643
Summary of proposed distribution of  42212NXT to 391 assetholders
Based on ownership at timestamp 56083595 (Fri, 04 Sep 2015 14:46:35 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend
As soon as we have 100 k MMNXT in the dividend account we will burn them :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on September 04, 2015, 03:22:55 pm
Thanks!  ;)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: marechou on September 10, 2015, 03:33:36 pm
Is it only me or the graph at www.mmnxt.com is frozen since 6th of September?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on September 10, 2015, 03:35:28 pm
Is it only me or the graph at www.mmnxt.com is frozen since 6th of September?

Something incorrect for me there too since a while.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on September 10, 2015, 07:35:57 pm
sorry
was moving the bots to a new server, fixed now
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on September 11, 2015, 11:46:59 am
weekly!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8115749
Summary of proposed distribution of  42647NXT to 391 assetholders
Based on ownership at timestamp 56677388 (Fri, 11 Sep 2015 11:43:08 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

700 k MMNXT transferred to Cryptoasset.fund account. The dividend is not paid to them and they are not sold till the MMNXT price reaches 2 NXT.
Cryptoasset.fund ICO is on Tuesday, 12.00 GMT
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: huafei on September 11, 2015, 12:05:28 pm
weekly!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8115749
Summary of proposed distribution of  42647NXT to 391 assetholders
Based on ownership at timestamp 56677388 (Fri, 11 Sep 2015 11:43:08 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

700 k MMNXT transferred to Cryptoasset.fund account. The dividend is not paid to them and they are not sold till the MMNXT price reaches 2 NXT.
Cryptoasset.fund ICO is on Tuesday, 12.00 GMT

show more detail about buyback
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on September 11, 2015, 12:32:16 pm
some 40 k MMNXT has been bought back, as soon as we've got 100 k it will be sent to a burn account!
weekly!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8115749
Summary of proposed distribution of  42647NXT to 391 assetholders
Based on ownership at timestamp 56677388 (Fri, 11 Sep 2015 11:43:08 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

700 k MMNXT transferred to Cryptoasset.fund account. The dividend is not paid to them and they are not sold till the MMNXT price reaches 2 NXT.
Cryptoasset.fund ICO is on Tuesday, 12.00 GMT

show more detail about buyback
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Sebastien256 on September 11, 2015, 03:08:11 pm
Now that account ledger is live with 1.6.0e, core dividend should be showed in the dashboard.

@coinomat, If it suited your need, I suggest you think to use the core dividend feature in the near future.
This is better for the Nxt blockchain as it reduce space consumption (only 1 message store instead of 1 for each shareholder).

That would be a greener habit  :).

Samething for coinomat and your other assets.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: FRogers on September 11, 2015, 06:37:08 pm
Thanks for the dividends.

I can see that only dividends > 10 NXT have been paid today, is there a reason ?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on September 11, 2015, 08:11:21 pm
Thanks for the dividends.

I can see that only dividends > 10 NXT have been paid today, is there a reason ?
thanks for reporting, looking into it
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: FRogers on September 12, 2015, 12:22:25 am
I have received my dividends (I have near than 17 000 assets), but I have asked the question just to know if there was a reason about this.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on September 12, 2015, 11:37:27 am
This was  a glitch, sorry guys, divs below 10 NXT were not sent indeed. I'll fix this today.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: FRogers on September 12, 2015, 09:13:25 pm
Ok, thanks for the good communication.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on September 18, 2015, 09:40:20 am
Weekly!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8137546
Summary of proposed distribution of  38946NXT to 400 assetholders
Based on ownership at timestamp 57274489 (Fri, 18 Sep 2015 09:34:49 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Expect a steady rise in MMNXT price up to 1.5
look at the chart: http://nxtreporting.com/?as=979292558519844732
Looks like a beginning of the new wave
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: MJ79 on September 18, 2015, 02:00:55 pm
Weekly!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8137546
Summary of proposed distribution of  38946NXT to 400 assetholders
Based on ownership at timestamp 57274489 (Fri, 18 Sep 2015 09:34:49 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

So how does this calculation work exactly?

If I read this post I would think dividends are 38,946 / 8'137,546 = 0.00478596 NXT per asset.

But if I check the actual dividends you're paying it's 0.00439612 per asset. With a total of 8'137,546 assets that would give a total dividend paid of 35,774 NXT in dividend, off by 3,172 or about 8%?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on September 18, 2015, 02:14:11 pm
It's due to Poloniex dividend, they are sent in a separate payment because it wouldn't work with a dividend script, and this is the ouput from the dividend script. I'll see how we could make it more consistent.
Weekly!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8137546
Summary of proposed distribution of  38946NXT to 400 assetholders
Based on ownership at timestamp 57274489 (Fri, 18 Sep 2015 09:34:49 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

So how does this calculation work exactly?

If I read this post I would think dividends are 38,946 / 8'137,546 = 0.00478596 NXT per asset.

But if I check the actual dividends you're paying it's 0.00439612 per asset. With a total of 8'137,546 assets that would give a total dividend paid of 35,774 NXT in dividend, off by 3,172 or about 8%?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on September 24, 2015, 09:17:49 am
Bot is buying MMXNT from AE now for cryptofund. So I'm thinking to burn 700,000 "sleeping" MMNXT cryptofund holds, so we could pay dividend to cryptofund shareholders using MMNXT bought off AE.
Does anyone have something against? :) If not I'll burn them.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: taggartd on September 24, 2015, 10:25:14 am
Bot is buying MMXNT from AE now for cryptofund. So I'm thinking to burn 700,000 "sleeping" MMNXT cryptofund holds, so we could pay dividend to cryptofund shareholders using MMNXT bought off AE.
Does anyone have something against? :) If not I'll burn them.
Coinomat if i understand correctly totale mmnxt shares will be 50000000-700000. You are burning also mmnxt shares with buy back, we will add this number to 700000. cryptofund will have mmnxt shares bought on AE and will receive dividends, that actually don't receive.
I have some questions just to understand.
These new shares will gradually substitute the 700000? But why burning cryptofund's mmnxt shares and not simply add the bought shares? It will affect NAV?
I ask because it's not so clear to me..
Bye taggartd
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on September 24, 2015, 10:50:59 am
Yes, it will reduce the NAV. on the other hand we will be buying  MMNXT from AE, so it will effect the price positively.
It's not necessary to burn them, it's just people asked what these 700k MMNXT are for, if they don't receive dividend. I think it'll just be more transparent if we burn these 700k and will be paying dividend to all MMNXT shares cryptofund holds.
Bot is buying MMXNT from AE now for cryptofund. So I'm thinking to burn 700,000 "sleeping" MMNXT cryptofund holds, so we could pay dividend to cryptofund shareholders using MMNXT bought off AE.
Does anyone have something against? :) If not I'll burn them.
Coinomat if i understand correctly totale mmnxt shares will be 50000000-700000. You are burning also mmnxt shares with buy back, we will add this number to 700000. cryptofund will have mmnxt shares bought on AE and will receive dividends, that actually don't receive.
I have some questions just to understand.
These new shares will gradually substitute the 700000? But why burning cryptofund's mmnxt shares and not simply add the bought shares? It will affect NAV?
I ask because it's not so clear to me..
Bye taggartd
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: apenzl on September 24, 2015, 11:55:12 am
Kill it with fire.  8)

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: marechou on September 24, 2015, 12:13:28 pm
I don't understand everything in this plan so let me sum up the situation.

-40 Millions MMNXT are in escrow and do not get dividends, these shares could be released only at 2 NXT or more.

-9.3 Millions MMNXT are in the hands of shareholders.

-0.7 Millions MMNXT are in cryptofund but they don't get any dividends yet.

-25% of income from MMNXT bot is used to buy back MMNXT then burn it.

-If I understand the plan, the 0.7 millions will be burnt ==> for me that's fine

-Cryptofund generates income and instead of growing with NXT it is using the NXT earned to buy  MMNXT  from AE so from shareholders.

-Why this should affect the NAV? it would be like if someone is buying regularly MMNXT on the AE so on my side absolutely no problem.

Did I understand correctly?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: PureVision on September 24, 2015, 12:30:18 pm
Burning it would be the best option to avoid confusion now and also later on.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on September 24, 2015, 12:49:09 pm
That's correct!
NAV will be affected since now 700 k MMNXT is at the cryptofund account balance, and contributes to its NAV, even though no dividendis paid to it.
I don't understand everything in this plan so let me sum up the situation.

-40 Millions MMNXT are in escrow and do not get dividends, these shares could be released only at 2 NXT or more.

-9.3 Millions MMNXT are in the hands of shareholders.

-0.7 Millions MMNXT are in cryptofund but they don't get any dividends yet.

-25% of income from MMNXT bot is used to buy back MMNXT then burn it.

-If I understand the plan, the 0.7 millions will be burnt ==> for me that's fine

-Cryptofund generates income and instead of growing with NXT it is using the NXT earned to buy  MMNXT  from AE so from shareholders.

-Why this should affect the NAV? it would be like if someone is buying regularly MMNXT on the AE so on my side absolutely no problem.

Did I understand correctly?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: marechou on September 24, 2015, 12:56:51 pm
But I thought you planned to burn these 700.000 MMNXT ?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on September 24, 2015, 01:23:09 pm
But I thought you planned to burn these 700.000 MMNXT ?
exactly, that's what I'm gonna do now, since everyone seems to agree
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on September 24, 2015, 01:26:46 pm
tx id 11739221505102363482 - sent to Genesis account! Let gods of NXT have it
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on September 24, 2015, 01:42:53 pm
tx id 11739221505102363482 - sent to Genesis account! Let gods of NXT have it
+1440  ;D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: marechou on September 24, 2015, 01:54:05 pm
But I thought you planned to burn these 700.000 MMNXT ?
exactly, that's what I'm gonna do now, since everyone seems to agree

So how it affects the NAV if they are burnt ???
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on September 24, 2015, 02:00:53 pm
It gets subtracted from the NAV of course
what is NAV actually?
Net Asset Value, is the total value of assets fund holds. It is not directly related to the dividend payments, for example.
But I thought you planned to burn these 700.000 MMNXT ?
exactly, that's what I'm gonna do now, since everyone seems to agree

So how it affects the NAV if they are burnt ???
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: marechou on September 24, 2015, 02:29:49 pm
It gets subtracted from the NAV of course
what is NAV actually?
Net Asset Value, is the total value of assets fund holds. It is not directly related to the dividend payments, for example.
But I thought you planned to burn these 700.000 MMNXT ?
exactly, that's what I'm gonna do now, since everyone seems to agree

So how it affects the NAV if they are burnt ???

I do understand what is NAV but if you burn assets which are not sold that should not afect the NAV.

Let's say NAV = 1 NXT with 9.3 millions shares on the hand of shares holder.

So total funds of MMNXT = 9.3 million NXT

Now there is 700.000 MMNXT which have never been sold and expected to be given to cryptofund but finally you decide to  burn these 700.000 shares ==> there is still 9.3 million shares on the market so NAV is not affected.
I don't even consider the 40 millions of shares in escrow as on my mind they don't count into the NAV until you release them.

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: MJ79 on September 24, 2015, 05:45:39 pm
I do understand what is NAV but if you burn assets which are not sold that should not afect the NAV.

Let's say NAV = 1 NXT with 9.3 millions shares on the hand of shares holder.

So total funds of MMNXT = 9.3 million NXT

Now there is 700.000 MMNXT which have never been sold and expected to be given to cryptofund but finally you decide to  burn these 700.000 shares ==> there is still 9.3 million shares on the market so NAV is not affected.
I don't even consider the 40 millions of shares in escrow as on my mind they don't count into the NAV until you release them.

It affects the Cryptofund asset NAV, not the MMNXT asset.

Might argue this whole discussion should have been had in the cryptoasset.fund asset topic.

 
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: marechou on September 24, 2015, 05:56:41 pm
Indeed there was a misunderstanding.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on September 25, 2015, 09:06:53 am
Weekly!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8800982
Summary of proposed distribution of  29900NXT to 396 assetholders
Based on ownership at timestamp 57877264 (Fri, 25 Sep 2015 09:01:04 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

700,000 MMXT from cryptoasset.fund account have been burnt yesterday, besides 51153 bought off from AE have also been burnt.
Expect some other nice things soon :)

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: PureVision on September 25, 2015, 10:51:57 am
A big drop in dividends. What happened?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on September 25, 2015, 10:58:42 am
I wouldn't call it a big drop, probably most action at AE is around cryptofund asset now, when the ICO is over we should bounce back.
Also don't forget that part of the profits is used to buy MMNXT shares from AE.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: PureVision on September 25, 2015, 11:10:32 am
The buyback has been going on a few weeks, so that can't make the difference between last week's dividend and this week.
Last week was 0.00478nxt/asset and this week 0.00339nxt/asset.
That's a 29.1% drop in dividends.
I hope it goes back up next week.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on September 25, 2015, 12:53:57 pm
The buyback has been going on a few weeks, so that can't make the difference between last week's dividend and this week.
Last week was 0.00478nxt/asset and this week 0.00339nxt/asset.
That's a 29.1% drop in dividends.
I hope it goes back up next week.
Don't worry, these are natural fluctuations. Nothing unusual happened :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: MJ79 on September 25, 2015, 01:09:36 pm
Looks like you applied a fix so that proposed and actual dividends are the same d:)b
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on September 25, 2015, 01:19:55 pm
Looks like you applied a fix so that proposed and actual dividends are the same d:)b
Yes, accounted for Polo dividend
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on September 25, 2015, 01:21:01 pm
Yes and next time I'll probably try to use core dividends plugin
paying 400 NXT per payout does not seem to be right indeed.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: eclips on October 02, 2015, 02:45:16 am
i don't know what to do here.

should i sell my mmnxt shares ?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Arkh on October 02, 2015, 07:25:36 am
i don't know what to do here.

should i sell my mmnxt shares ?

Hum any reasoning behind that ?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 02, 2015, 08:37:13 am
i don't know what to do here.

should i sell my mmnxt shares ?
Why?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 02, 2015, 10:00:50 am
Weekly!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8668529
Summary of proposed distribution of  36247NXT to 394 assetholders
Based on ownership at timestamp 58485449 (Fri, 02 Oct 2015 09:57:29 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Price at AE bounced back to 1.2, and I think further advances are ahead.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: testdruif on October 02, 2015, 10:07:20 am
Weekly!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8668529
Summary of proposed distribution of  36247NXT to 394 assetholders
Based on ownership at timestamp 58485449 (Fri, 02 Oct 2015 09:57:29 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Price at AE bounced back to 1.2, and I think further advances are ahead.

not using the dividends system?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on October 02, 2015, 10:07:38 am
Thanks and Tweeted https://twitter.com/MagicNxt/status/649888291450437632  ;)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Jukie on October 02, 2015, 12:21:09 pm
Thanks for the divs!

How's the buyback going?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 02, 2015, 02:02:11 pm
Thanks for the divs!

How's the buyback going?
Moving forward:) also around 150 k is bought for cryptofund
and 700 k was destroyed last week
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: eclips on October 04, 2015, 02:53:26 am
i don't know what to do here.

should i sell my mmnxt shares ?

Hum any reasoning behind that ?

i meant exchange my mmnxt. the buyback thing.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 04, 2015, 09:05:01 am
i don't know what to do here.

should i sell my mmnxt shares ?

Hum any reasoning behind that ?
Don't sell it now :)

i meant exchange my mmnxt. the buyback thing.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 09, 2015, 08:18:45 am
Weekly!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8593538
Summary of proposed distribution of  30100NXT to 395 assetholders
Based on ownership at timestamp 59084172 (Fri, 09 Oct 2015 08:16:12 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Asset price is rising nicely.
1.4-1.5 in a month, looking at the order book.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: martismartis on October 09, 2015, 08:22:38 am
Weekly!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8593538
Summary of proposed distribution of  30100NXT to 395 assetholders
Based on ownership at timestamp 59084172 (Fri, 09 Oct 2015 08:16:12 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Asset price is rising nicely.
1.4-1.5 in a month, looking at the order book.

Thanks for dividends :) Why not core dividend feature?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 09, 2015, 08:25:24 am
Weekly!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8593538
Summary of proposed distribution of  30100NXT to 395 assetholders
Based on ownership at timestamp 59084172 (Fri, 09 Oct 2015 08:16:12 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Asset price is rising nicely.
1.4-1.5 in a month, looking at the order book.
Most of MMNXT issue is in the escrow acc
unfortunately core plugin does not allow you not to send dividends to some shareholders

Thanks for dividends :) Why not core dividend feature?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on October 09, 2015, 08:29:47 am
Tweeted:!!  ;)    https://twitter.com/MagicNxt/status/652400163370180609
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Jukie on October 09, 2015, 01:28:40 pm
Received, thanks!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 16, 2015, 08:40:57 am
Weekly :
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8374366
Summary of proposed distribution of  30991NXT to 400 assetholders
Based on ownership at timestamp 59689838 (Fri, 16 Oct 2015 08:30:38 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

The rest of the weekly profits are used to buy Tnsse currency to support the project. (11000 NXT)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on October 16, 2015, 08:51:47 am
Tweeted and Thanks!  ;D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Ludom on October 16, 2015, 08:58:17 am
The rest of the weekly profits are used to buy Tnsse currency to support the project. (11000 NXT)

Thanks to support TNSSE, it's an important project for the Nxt ecosystem. Good investment for MMNXT.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: taggartd on October 16, 2015, 10:51:57 am
The rest of the weekly profits are used to buy Tnsse currency to support the project. (11000 NXT)
Very good move! I think the tennesse project it's important for nxt.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Georgy on October 20, 2015, 07:39:46 pm
The rest of the weekly profits are used to buy Tnsse currency to support the project. (11000 NXT)

Thanks to support TNSSE, it's an important project for the Nxt ecosystem. Good investment for MMNXT.

The project may be important for the NXT ecosystem. Now the real question is whether it's fair to see dividends spent without any kind of community say; did i miss anything?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: jeff jefferson on October 21, 2015, 04:54:40 am
The rest of the weekly profits are used to buy Tnsse currency to support the project. (11000 NXT)

Thanks to support TNSSE, it's an important project for the Nxt ecosystem. Good investment for MMNXT.

The project may be important for the NXT ecosystem. Now the real question is whether it's fair to see dividends spent without any kind of community say; did i miss anything?

Yeah, why not vote on that?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 21, 2015, 06:56:30 am
The rest of the weekly profits are used to buy Tnsse currency to support the project. (11000 NXT)

Thanks to support TNSSE, it's an important project for the Nxt ecosystem. Good investment for MMNXT.

The project may be important for the NXT ecosystem. Now the real question is whether it's fair to see dividends spent without any kind of community say; did i miss anything?

Yeah, why not vote on that?
I can set up a vote, no problem
or 25% can be sent to TNSSE, instead of buying back the assets
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: huafei on October 22, 2015, 12:54:31 am
vote first , please do it after voted.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Georgy on October 22, 2015, 07:22:19 am

I believe holders should vote on anything that affects the specs of the asset, especially when it's about the dividend (and besides bots).
This would make the asset more transparent/trustworthy, and increase engagement in the community.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: marek3ball on October 22, 2015, 11:49:58 am
Development Roadmap is depending on the TNSSE success too.

nxtforum.org/general-discussion/(marketing-business-and-development) (https://nxtforum.org/general-discussion/(marketing-business-and-development)-the-tennessee-project-fundraiser/msg197297/#msg197297)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: shmoula on October 22, 2015, 01:59:48 pm
+10000
And in advance - all the time it's like "yo guys, let's do this" . . . few hours passed . . . "ok, noone complained, so I did that!"


I believe holders should vote on anything that affects the specs of the asset, especially when it's about the dividend (and besides bots).
This would make the asset more transparent/trustworthy, and increase engagement in the community.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 23, 2015, 06:56:46 am
+10000
And in advance - all the time it's like "yo guys, let's do this" . . . few hours passed . . . "ok, noone complained, so I did that!"


I believe holders should vote on anything that affects the specs of the asset, especially when it's about the dividend (and besides bots).
This would make the asset more transparent/trustworthy, and increase engagement in the community.
I do what I think will satisfy most people. But you're right, we should use NXT voting feature as often as possible
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: martismartis on October 23, 2015, 07:07:35 am
+10000
And in advance - all the time it's like "yo guys, let's do this" . . . few hours passed . . . "ok, noone complained, so I did that!"


I believe holders should vote on anything that affects the specs of the asset, especially when it's about the dividend (and besides bots).
This would make the asset more transparent/trustworthy, and increase engagement in the community.
I do what I think will satisfy most people. But you're right, we should use NXT voting feature as often as possible

Good. Make voting and nobody will complain after decisions are taken. Let Voting be often used real case :) And PR, that your asset is managed by voting of asset holders :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on October 23, 2015, 07:19:00 am
Nice Vote!!  8) 8)
Thanks for contribution  :)

we should use NXT voting feature as often as possible
+1440
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 23, 2015, 07:55:50 am
So it looks like today's dividend will be processed a little later
there's around 500 blocks to go for the vote
Vote! You'll find it in the "voting" in the left tab in your NXT client.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: martismartis on October 23, 2015, 08:12:48 am
So it looks like today's dividend will be processed a little later
there's around 500 blocks to go for the vote
Vote! You'll find it in the "voting" in the left tab in your NXT client.

How many MMNXT assets are in circulation (excluding issuer, escrow, etc.)? Can't find where to check it. Seems like 665534 assets already voted. Maybe it's enough to have final results?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: KarlKarlsson on October 23, 2015, 08:19:11 am

So it looks like today's dividend will be processed a little later
there's around 500 blocks to go for the vote
Vote! You'll find it in the "voting" in the left tab in your NXT client.

How many MMNXT assets are in circulation (excluding issuer, escrow, etc.)? Can't find where to check it. Seems like 665534 assets already voted. Maybe it's enough to have final results?
That's not even 10% of all available shares, so I'd say no.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: martismartis on October 23, 2015, 08:22:27 am

So it looks like today's dividend will be processed a little later
there's around 500 blocks to go for the vote
Vote! You'll find it in the "voting" in the left tab in your NXT client.

How many MMNXT assets are in circulation (excluding issuer, escrow, etc.)? Can't find where to check it. Seems like 665534 assets already voted. Maybe it's enough to have final results?
That's not even 10% of all available shares, so I'd say no.

Do assets in asset issuer account and/or escrow vote? I'm just asking about quantity of assets able to vote :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 23, 2015, 08:25:29 am

So it looks like today's dividend will be processed a little later
there's around 500 blocks to go for the vote
Vote! You'll find it in the "voting" in the left tab in your NXT client.

How many MMNXT assets are in circulation (excluding issuer, escrow, etc.)? Can't find where to check it. Seems like 665534 assets already voted. Maybe it's enough to have final results?
That's not even 10% of all available shares, so I'd say no.

Do assets in asset issuer account and/or escrow vote? I'm just asking about quantity of assets able to vote :)
Issuer does not have any
Escrow won't vote :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: KarlKarlsson on October 23, 2015, 08:28:17 am


So it looks like today's dividend will be processed a little later
there's around 500 blocks to go for the vote
Vote! You'll find it in the "voting" in the left tab in your NXT client.

How many MMNXT assets are in circulation (excluding issuer, escrow, etc.)? Can't find where to check it. Seems like 665534 assets already voted. Maybe it's enough to have final results?
That's not even 10% of all available shares, so I'd say no.

Do assets in asset issuer account and/or escrow vote? I'm just asking about quantity of assets able to vote :)
There are about 8.3m shares which are eligible for dividends, so I assume they are also allowed to vote.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 23, 2015, 08:33:20 am
Of course
all dividend receiving shares are eligible


So it looks like today's dividend will be processed a little later
there's around 500 blocks to go for the vote
Vote! You'll find it in the "voting" in the left tab in your NXT client.

How many MMNXT assets are in circulation (excluding issuer, escrow, etc.)? Can't find where to check it. Seems like 665534 assets already voted. Maybe it's enough to have final results?
That's not even 10% of all available shares, so I'd say no.

Do assets in asset issuer account and/or escrow vote? I'm just asking about quantity of assets able to vote :)
There are about 8.3m shares which are eligible for dividends, so I assume they are also allowed to vote.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: martismartis on October 23, 2015, 08:37:44 am


So it looks like today's dividend will be processed a little later
there's around 500 blocks to go for the vote
Vote! You'll find it in the "voting" in the left tab in your NXT client.

How many MMNXT assets are in circulation (excluding issuer, escrow, etc.)? Can't find where to check it. Seems like 665534 assets already voted. Maybe it's enough to have final results?
That's not even 10% of all available shares, so I'd say no.

Do assets in asset issuer account and/or escrow vote? I'm just asking about quantity of assets able to vote :)
There are about 8.3m shares which are eligible for dividends, so I assume they are also allowed to vote.

That's what I wanted to know :) OK, 8% only voted.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: martismartis on October 23, 2015, 08:45:47 am
Another question :) IF you'll sell some when in the future TNNSEE, will all received sum go to shareholders as dividends?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 23, 2015, 08:52:48 am
Another question :) IF you'll sell some when in the future TNNSEE, will all received sum go to shareholders as dividends?
Of course!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on October 23, 2015, 09:02:13 am
Hey guys,

sorry but I guess I missed it; what are we gonna vote today??
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 23, 2015, 09:05:52 am
Hey guys,

sorry but I guess I missed it; what are we gonna vote today??
holders want to donate to TNSSEE fund raising
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on October 23, 2015, 09:20:04 am
Twetted https://twitter.com/MagicNxt/status/657486373868445696  ;)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: peddycb on October 23, 2015, 09:29:29 am
I can not vote with my beta version of supernet
I have 111111 shares and say yes to donate
NXT-ZZ4W-YB6N-2TPJ-7EUY9
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on October 23, 2015, 09:31:37 am
I can not vote with my beta version of supernet
I have 111111 shares and say yes to donate
NXT-ZZ4W-YB6N-2TPJ-7EUY9
use software nxt for voted  ;)
supernet and Jay client you can not
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: peddycb on October 23, 2015, 09:57:06 am
I can not vote with my beta version of supernet
I have 111111 shares and say yes to donate
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: tersagun on October 23, 2015, 11:23:00 am
So first we agreed on getting a 25% cut on the dividens with the false hope of driving the price higher and now we are donating that cut to another project as buyback strategy wasn't really working in a positive way anyway.

I'm wondering what comes next.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: huafei on October 23, 2015, 11:27:20 am
So first we agreed on getting a 25% cut on the dividens with the false hope of driving the price higher and now we are donating that cut to another project as buyback strategy wasn't really working in a positive way anyway.

I'm wondering what comes next.

maybe 50% manage fee ;)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: KarlKarlsson on October 23, 2015, 11:34:59 am

So first we agreed on getting a 25% cut on the dividens with the false hope of driving the price higher and now we are donating that cut to another project as buyback strategy wasn't really working in a positive way anyway.

I'm wondering what comes next.
No false hope, price increased by approximately 10% since then.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 23, 2015, 12:21:09 pm
So first we agreed on getting a 25% cut on the dividens with the false hope of driving the price higher and now we are donating that cut to another project as buyback strategy wasn't really working in a positive way anyway.

I'm wondering what comes next.
Buy-back has a positive price effect actually
if you want to stop the buyback - put up a vote! :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: PureVision on October 23, 2015, 12:46:37 pm
So first we agreed on getting a 25% cut on the dividens with the false hope of driving the price higher and now we are donating that cut to another project as buyback strategy wasn't really working in a positive way anyway.

I'm wondering what comes next.

The Tennessee Project is actually a great project to drive marketing and promotion for nxt as a platform to the next level.
They are doing a fundraiser for the project and it will end on monday.
If they don't meet the projected funds, every nxt raised will go back to the donators.
You can find out more in this article: http://nxter.org/tennessee-project-working-on-the-nxt-frontier/ (http://nxter.org/tennessee-project-working-on-the-nxt-frontier/)

Since the fundraiser ends on monday, it means the poll is only about donating TODAYS buyback dividend.
Next week everything will be back to normal, and the 25% will be used again for buybacks.

You are not going to see a difference in your personal dividends, and in the long run this will not affect the buyback program.

However if the Project raises enough funds, you are going to get a positive effect on your wallet.
Look on the bright side and see it as a longterm investment.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: marek3ball on October 23, 2015, 01:02:24 pm
We just passed the 80% barrier :)

80.13% now!

3317 blocks or ~ 4 days to go!

In case MMNXT will donate the dividends. How much it will be in percent to Tennessee success? Only few days left.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Jukie on October 23, 2015, 01:06:46 pm
I really don't see why the asset should donate and not just let individual holders decide if they want to donate their dividends.

But then, if we are going to vote, ¿Who decides the threshold?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 23, 2015, 01:09:33 pm
some FUD is brewing where shouldn't be any
I have a better suggestion - let me process the dividends the usual way
and I donate from cryptoasset funds.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: martismartis on October 23, 2015, 01:30:11 pm
some FUD is brewing where shouldn't be any
I have a better suggestion - let me process the dividends the usual way
and I donate from cryptoasset funds.

Don't panic :) Just wait voting ends, lets make this use case until the end :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 23, 2015, 01:35:08 pm
some FUD is brewing where shouldn't be any
I have a better suggestion - let me process the dividends the usual way
and I donate from cryptoasset funds.

Don't panic :) Just wait voting ends, lets make this use case until the end :)
I don't :)
reserved 30 k TNNSSE from cryptofund account.
Will process the dividends the usual way now
everyone who wants can donate
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: martismartis on October 23, 2015, 01:38:08 pm
some FUD is brewing where shouldn't be any
I have a better suggestion - let me process the dividends the usual way
and I donate from cryptoasset funds.

Don't panic :) Just wait voting ends, lets make this use case until the end :)
I don't :)
reserved 30 k TNNSSE from cryptofund account.
Will process the dividends the usual way now
everyone who wants can donate

So we don't have the real case of voting :) Sad.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: huafei on October 23, 2015, 01:39:57 pm
some FUD is brewing where shouldn't be any
I have a better suggestion - let me process the dividends the usual way
and I donate from cryptoasset funds.

how about  using buyback fund to buy some asset and hold that to dividends  :P
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 23, 2015, 01:44:11 pm
some FUD is brewing where shouldn't be any
I have a better suggestion - let me process the dividends the usual way
and I donate from cryptoasset funds.

Don't panic :) Just wait voting ends, lets make this use case until the end :)
I don't :)
reserved 30 k TNNSSE from cryptofund account.
Will process the dividends the usual way now
everyone who wants can donate

So we don't have the real case of voting :) Sad.
Why?
you may consider it bought from MMNXT funds :)
So the voting had its effect
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: martismartis on October 23, 2015, 01:45:38 pm
I see we need phased transaction type connected with voting results :) It would be some kind of smart contract on NXT blockchain itself :)
 
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: martismartis on October 23, 2015, 01:48:33 pm
some FUD is brewing where shouldn't be any
I have a better suggestion - let me process the dividends the usual way
and I donate from cryptoasset funds.

Don't panic :) Just wait voting ends, lets make this use case until the end :)
I don't :)
reserved 30 k TNNSSE from cryptofund account.
Will process the dividends the usual way now
everyone who wants can donate

So we don't have the real case of voting :) Sad.
Why?
you may consider it bought from MMNXT funds :)
So the voting had its effect

Bolded. Voting not finished yet, I don't see any effect of voting :) Or you are Nostradamus and now the results  ;D
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 23, 2015, 01:54:05 pm
So, I pledged 30k to Tennesse and processed the dividends the usual way
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8596689
Summary of proposed distribution of  30533NXT to 401 assetholders
Based on ownership at timestamp 60313863 (Fri, 23 Oct 2015 13:51:03 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

I think everyone should be happy now.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: sigwo on October 23, 2015, 02:18:17 pm
So, I pledged 30k to Tennesse and processed the dividends the usual way
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8596689
Summary of proposed distribution of  30533NXT to 401 assetholders
Based on ownership at timestamp 60313863 (Fri, 23 Oct 2015 13:51:03 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

I think everyone should be happy now.

Thank you. Hopefully we don't have to do this tango again. I like just getting my dividends and not having to fear that 4 people will vote my dividend to a donation mechanism. People can donate their own funds if they choose to do so.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on October 23, 2015, 02:20:05 pm
twitted! https://twitter.com/MagicNxt/status/657561465440837633  :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: ulrich909 on October 23, 2015, 04:12:29 pm
So, I pledged 30k to Tennesse and processed the dividends the usual way
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8596689
Summary of proposed distribution of  30533NXT to 401 assetholders
Based on ownership at timestamp 60313863 (Fri, 23 Oct 2015 13:51:03 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

I think everyone should be happy now.

Thank you. Hopefully we don't have to do this tango again. I like just getting my dividends and not having to fear that 4 people will vote my dividend to a donation mechanism. People can donate their own funds if they choose to do so.

+1
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: EvilDave on October 23, 2015, 04:35:13 pm
+1 to Coinomat, thanks very much for your TNSSE contributions.

And, just to repeat myself: people are free to do whatever they like with their NXT, no matter how much of a great idea donating to Tennessee is.
Voting to pass on all dividends from an asset to TNSSE isn't right, unless the vote is completely unanimous, which is unlikely.
Like Sigwo, some people like their dividends, and we have to respect that.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: martismartis on October 23, 2015, 05:06:32 pm
+1 to Coinomat, thanks very much for your TNSSE contributions.

And, just to repeat myself: people are free to do whatever they like with their NXT, no matter how much of a great idea donating to Tennessee is.
Voting to pass on all dividends from an asset to TNSSE isn't right, unless the vote is completely unanimous, which is unlikely.
Like Sigwo, some people like their dividends, and we have to respect that.

I disagree, that voting for this matter isn't right. We need real cases repeated NXT from real world. This is how real companies work in real world (some companies have purchase limits, which are possible without shareholders permission):

1. Manager wants to buy Ferrari for company, but it exceeds purchase limit;
2. Manager announces shareholder meeting in order to get or not permission for purchase;
3. Shareholders vote;
4. If majority vote YES, manager buy ferrari for company, if NOT, everything remains as it was.

The same is with this situation, Coinomat (manager) want to spent shareholders dividends somewhere else. Shareholders should vote as they think. If Yes, Coinomat spends dividends, if NOT or there is no quorum, everything remains as it was.

With NXT platform is possible to do the same, as in real word. There one thing, that is impossible to do, is to fire manager  ;D

P.S. I contributed for TNSSE personally :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: EvilDave on October 23, 2015, 05:21:54 pm
Er...yeah.
From the point of view of asset management, voting was the best and only way to decide on the proposal.
That's democracy for you......it's just that I'm not comfortable with having anyone being forced (no matter how fair the process may be) to contribute to TNSSE.

Still, we got another good use case out of the issue, set precedents for asset management in the future and raised awreness of Tennessee, so it's all good.
Thanks again to all donators!

Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: martismartis on October 23, 2015, 05:30:10 pm
Er...yeah.
From the point of view of asset management, voting was the best and only way to decide on the proposal.
That's democracy for you......it's just that I'm not comfortable with having anyone being forced (no matter how fair the process may be) to contribute to TNSSE.

Still, we got another good use case out of the issue, set precedents for asset management in the future and raised awreness of Tennessee, so it's all good.
Thanks again to all donators!

Sometimes I'm also not comfortable with decisions in my company by other shareholders. But it is how real life works and there is no other better system created. We don't want a chaos :) The only possible solution for comfort is to buy 51% of shares  ;D But if you can't, you should be prepared for uncomfortable situations or sell your shares :)

EDIT: and this voting was not forcing to do something, it was simple idea/proposal.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 23, 2015, 06:35:29 pm
+1 to Coinomat, thanks very much for your TNSSE contributions.

And, just to repeat myself: people are free to do whatever they like with their NXT, no matter how much of a great idea donating to Tennessee is.
Voting to pass on all dividends from an asset to TNSSE isn't right, unless the vote is completely unanimous, which is unlikely.
Like Sigwo, some people like their dividends, and we have to respect that.

I disagree, that voting for this matter isn't right. We need real cases repeated NXT from real world. This is how real companies work in real world (some companies have purchase limits, which are possible without shareholders permission):

1. Manager wants to buy Ferrari for company, but it exceeds purchase limit;
2. Manager announces shareholder meeting in order to get or not permission for purchase;
3. Shareholders vote;
4. If majority vote YES, manager buy ferrari for company, if NOT, everything remains as it was.

The same is with this situation, Coinomat (manager) want to spent shareholders dividends somewhere else. Shareholders should vote as they think. If Yes, Coinomat spends dividends, if NOT or there is no quorum, everything remains as it was.

With NXT platform is possible to do the same, as in real word. There one thing, that is impossible to do, is to fire manager  ;D

P.S. I contributed for TNSSE personally :)
Actually you turn the situation upside down a little bit. Shareholders suggested donating to fundraising, so I just wanted to do what they wanted. But it turned out that there can be no unamious decision here.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: martismartis on October 23, 2015, 07:24:13 pm
+1 to Coinomat, thanks very much for your TNSSE contributions.

And, just to repeat myself: people are free to do whatever they like with their NXT, no matter how much of a great idea donating to Tennessee is.
Voting to pass on all dividends from an asset to TNSSE isn't right, unless the vote is completely unanimous, which is unlikely.
Like Sigwo, some people like their dividends, and we have to respect that.

I disagree, that voting for this matter isn't right. We need real cases repeated NXT from real world. This is how real companies work in real world (some companies have purchase limits, which are possible without shareholders permission):

1. Manager wants to buy Ferrari for company, but it exceeds purchase limit;
2. Manager announces shareholder meeting in order to get or not permission for purchase;
3. Shareholders vote;
4. If majority vote YES, manager buy ferrari for company, if NOT, everything remains as it was.

The same is with this situation, Coinomat (manager) want to spent shareholders dividends somewhere else. Shareholders should vote as they think. If Yes, Coinomat spends dividends, if NOT or there is no quorum, everything remains as it was.

With NXT platform is possible to do the same, as in real word. There one thing, that is impossible to do, is to fire manager  ;D

P.S. I contributed for TNSSE personally :)
Actually you turn the situation upside down a little bit. Shareholders suggested donating to fundraising, so I just wanted to do what they wanted. But it turned out that there can be no unamious decision here.

1. How did shareholders suggested donating? Under the hood? All? I see voting still not finished. Maybe some whale will jump in and say NO. What then? :) So, for what this poll was created? It was a game, a game with shareholders money? :)
2. It's a rare thing- unanimous decision, I remember maybe few from my life :)
3. All this debate from me has purpose, I just want NXT to succeed and show for real world, that real world rules can be teleported to NXT platform. I don't want to FUD. Of course, asset manager could do everything he wants, not looking at shareholders voting and shareholders cannot fire this manager, everything is on trust. But I believe, there will be some solutions in future (smart contracts, phased transactions, connected together with Voting), which will solve these problems. I'm trying to convince some my business friends/partners to check/use/test NXT platform. They say, show me real use cases, not theoretical, how NXT platform could be used in real cases (maybe Damelon and EvilDave can confirm this). This voting could be some sample of real use, we need examples and broadcast them to the outside world, if we need more users :) Couldn't? If I'll ever in future issue asset, I'll try to manage it as it is managed in real world.

OK, I just said what I think, back to the beer, it's beerday today :) And back to the topic, of course :)

P.S. All this wall of text could be seen as mess (tangle- new star in crypto world :) ), but I'm not native English speaking, sorry :)
P.P.S. Nothing personal against Coinomat, I'm MMNXt shareholder and wish it succeed :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: testdruif on October 23, 2015, 08:00:09 pm
My 2 cents:

Get 51% the sharehoulders (read as all people required to have 51% of all available assets) to agree doing whatever it is that needs to be done.
If you don't have 51% agreeing on one thing then don't do it.

On the other hand I'm sure the assets description and rules did not stipulate this requirement...
It does read "The fund will payout 60% of the profit, dividend payments will be made weekly on Fridays"

Maybe we should get some with experience is shares of stockto make a draft that can be used for future assets in order to describe how asset holders can influence/be involved with what is done with the fund/asset/...?

PS: I donated to tennessee already
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on October 23, 2015, 11:44:51 pm
TBH the 51% rule is not that good. Because if someone gets 51% he can vote to send himself 5,000,000NXT as a donation?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Damelon on October 24, 2015, 01:46:06 am
3. All this debate from me has purpose, I just want NXT to succeed and show for real world, that real world rules can be teleported to NXT platform. I don't want to FUD. Of course, asset manager could do everything he wants, not looking at shareholders voting and shareholders cannot fire this manager, everything is on trust. But I believe, there will be some solutions in future (smart contracts, phased transactions, connected together with Voting), which will solve these problems. I'm trying to convince some my business friends/partners to check/use/test NXT platform. They say, show me real use cases, not theoretical, how NXT platform could be used in real cases (maybe Damelon and EvilDave can confirm this). This voting could be some sample of real use, we need examples and broadcast them to the outside world, if we need more users :) Couldn't? If I'll ever in future issue asset, I'll try to manage it as it is managed in real world.

Just answering this part:

Yup, this is what we also encounter: everyone wants to see a working use case, even if it's in extremely rough alpha form. Doesn't matter if it has a command line interface, it must be seen to work and show what the capabilities of the platform are.

This is exactly what drove ED and me to start TNSSE in the first place: to break out of the vicious circle where things are started, but then stall due to wanting to get it perfect. TNSSE wants to develop a few solid use cases to at least a working alpha stage, so we can just show investors the potential. If they don't see it, they are not interested, period. They are busy people and want to be shown things they can get a handle on. That's fair enough. We have more than enough projects that fit the bill, so getting a few up to that level should not be that hard. This should start the engine and once that is up and running, we'll get some funding going. Without them, we are dead in the water.

This may sound a bit negative, but we wouldn't even start this if we thought it didn't have a very good chance of working. There are so many opportunities out there, it's almost impossible not to get a shot :)

And thanks very much for the donation!  :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: martismartis on October 24, 2015, 04:00:33 am
TBH the 51% rule is not that good. Because if someone gets 51% he can vote to send himself 5,000,000NXT as a donation?

It can be 75%, it's not the matter of percentage:)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Georgy on October 24, 2015, 09:24:46 pm

Well, the issue has nothing to do with Tennessee, it's a governance problem in MMNXT. I've personally supported the TNSSE fundraiser, and I think it's the right thing to do for NXT. 

Yet I'm not ready to let anyone use MMNXT dividends for other purposes than what it was intended for, even from its creator. I strongly disagree with decisions affecting the protocol of MMNXT without fair community involvement/vote.

I understand that some other shareholders do not want to see any change to the original specifications. Let's not get confused between MMBTCD and MMNXT - one is like "give me money and i will earn some money for you somehow" while the other is "trade-bots will deliver dividends to shareholders at a target rate of approx. 1% weekly" - a difference that explains why I did invest in MMNXT and not in MMBTCD...

Finally if voting is the way forward. Please note that not everyone spends their days on crypto-forums to provide inputs over short time spans. Voting in the corporate world is planned much in advance and allows shareholders to make plans, so they have a fair chance of having a say on corporate governance. Note that for important corporate decisions, the absolute majority can be set at 2/3, not 50.x%, and may require a minimum % of voting rights, or, even better, a minimum % of holders.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Kitchentable on October 25, 2015, 01:47:30 am
Why is this even being asked at all? Just continue to pay out the dividends like normal and let the recipients of the dividend decide on what they do with it. If they want to invest into Tennessee then so be it. All your doing is forcefully deciding what all asset holders do with their share of the dividend even if it comes to a vote. The ones that would have voted yes get to giggle and fart bubbles while they hit the donate button and the ones that would have voted no get to do the evil laugh while stroking their cat. It's a win/win.

No one wants to invest into an asset that is paying out on a weekly basis then suddenly half of their dividend is going to "Kicking Puppies For Love" charity because some forum warriors decided to vote on the right to kick puppies without being discriminated against so they want to fund a parade.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 25, 2015, 08:17:11 am
Actually I think we have way too much FUD with this.
So as the fund manager I announce the following :
no voting regarding MMNXT is valid unless it is set up by myself :)
We need a strong hand lol :) Too much democracy could be bad. Decentralization should be centralized :)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: huafei on October 25, 2015, 08:52:10 am
Actually I think we have way too much FUD with this.
So as the fund manager I announce the following :
no voting regarding MMNXT is valid unless it is set up by myself :)
We need a strong hand lol :) Too much democracy could be bad. Decentralization should be centralized :)

at other word: fund manager can send fund to everywhere. :-*
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Georgy on October 25, 2015, 09:09:08 am
Actually I think we have way too much FUD with this.
So as the fund manager I announce the following :
no voting regarding MMNXT is valid unless it is set up by myself :)
We need a strong hand lol :) Too much democracy could be bad. Decentralization should be centralized :)

at other word: fund manager can send fund to everywhere. :-*

.. and get more complains from a community who is not keen on tyranny! Lovely.

Personally I didn't see FUD in this; just fair feedback. If anything I saw someone too high above others to get feedback.

Coinomat, if you don't want to follow through with your promises, don't expect to build a community willing to trust you.
Indeed it's all in your hands.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 25, 2015, 10:31:00 am
Excuse me with what promises I did not follow through?
Actually I think we have way too much FUD with this.
So as the fund manager I announce the following :
no voting regarding MMNXT is valid unless it is set up by myself :)
We need a strong hand lol :) Too much democracy could be bad. Decentralization should be centralized :)

at other word: fund manager can send fund to everywhere. :-*

.. and get more complains from a community who is not keen on tyranny! Lovely.

Personally I didn't see FUD in this; just fair feedback. If anything I saw someone too high above others to get feedback.

Coinomat, if you don't want to follow through with your promises, don't expect to build a community willing to trust you.
Indeed it's all in your hands.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Georgy on October 25, 2015, 11:28:58 am

I'm thinking of the original description of MMNXT (i.e. "protocol"), the reason why many of holders have invested in it-

https://nxtforum.org/cryptoasset-fund-projects/mmnxt-market-making-and-arbitrage-fund-for-nxt-ae/msg116885/#msg116885
> The fund will payout 60% of the profit

https://nxtforum.org/cryptoasset-fund-projects/mmnxt-market-making-and-arbitrage-fund-for-nxt-ae/msg119864/#msg119864
> … shareholder should make around 5-10% on his invested NXT per month

Both the change to buyback (arguably this was voted upon) and the donation to TNSSE go against these promises.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 25, 2015, 03:23:25 pm
:)
I pay out 100% of the profit.
NOTHING is retained by the fund.
Of course we trade our own funds too. But the proportion of profits which corresponds to MMNXT funds is paid out in full.
So yeah you can say that I broke my promise.
Want me to follow through with it and pay 60% ? :)


I'm thinking of the original description of MMNXT (i.e. "protocol"), the reason why many of holders have invested in it-

https://nxtforum.org/cryptoasset-fund-projects/mmnxt-market-making-and-arbitrage-fund-for-nxt-ae/msg116885/#msg116885
> The fund will payout 60% of the profit

https://nxtforum.org/cryptoasset-fund-projects/mmnxt-market-making-and-arbitrage-fund-for-nxt-ae/msg119864/#msg119864
> … shareholder should make around 5-10% on his invested NXT per month

Both the change to buyback (arguably this was voted upon) and the donation to TNSSE go against these promises.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Georgy on October 28, 2015, 08:13:29 pm

Look, we both have better things to do than arguing for the sake of it...
Hopefully you do get why some people like me had a negative reaction about the situation and will take the feedback into account.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 28, 2015, 08:41:05 pm

Look, we both have better things to do than arguing for the sake of it...
Hopefully you do get why some people like me had a negative reaction about the situation and will take the feedback into account.
Of course, no vote regarding MMNXT dividends will be set up in future by anyone but myself.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on October 30, 2015, 09:16:41 am
Weekly!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8852801
Summary of proposed distribution of  31500NXT to 402 assetholders
Based on ownership at timestamp 60901964 (Fri, 30 Oct 2015 09:12:44 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend
some people were dumping, good moment to pick up some
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on October 30, 2015, 09:44:59 am
Thanks and Tweeted!!  ;)
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 06, 2015, 09:17:45 am
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8854163
Summary of proposed distribution of  31945NXT to 401 assetholders
Based on ownership at timestamp 61506826 (Fri, 06 Nov 2015 09:13:46 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Someone dumps at the end of the week the second week straight
good moment to pick some up.

Slowly moving all the trading for MMNXT to AE
I think within a month MMNXT will trade at AE only, without reducing profits.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: yassin54 on November 06, 2015, 10:03:20 am
Thanks and Tweeted!!  ;D ;D
https://twitter.com/MagicNxt/status/662570752680583168
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 13, 2015, 10:40:30 am
Weekly!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8858891
Summary of proposed distribution of  28400NXT to 394 assetholders
Based on ownership at timestamp 62116613 (Fri, 13 Nov 2015 10:36:53 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Tough week for NXT but I'm sure we'll overcome current difficulties.
Sent some MMNXT to Genesis. As you probably know in 1.8 NRS you'll be able to purge issued assets, so that's how we proceed when it's done.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: TwinWinNerD on November 16, 2015, 09:33:06 pm
If someone wants to swap some MMNXT for Forklog at 1:1 PM me!
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Audo Kryptowitz on November 18, 2015, 01:48:23 pm
I'm collecting information for a short MMNXT article. Here are a comple of questions.  8)

1. What are private bitcoin trading bots? ["We also run Bitcoin trading bots privately"]
2. What are the central exchanges MMNXT is currently trading in?
3. What are the NXT addresses of the AE trading bots?
4. Do MMNXT bots works best when the price is relatively stable? Have there been cases when the bots have been turned off because of price volatility?
5. Is there something else that you could provide me in order to create more transparency?
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 19, 2015, 06:47:02 am
I'm collecting information for a short MMNXT article. Here are a comple of questions.  8)

1. What are private bitcoin trading bots? ["We also run Bitcoin trading bots privately"]
2. What are the central exchanges MMNXT is currently trading in?
3. What are the NXT addresses of the AE trading bots?
4. Do MMNXT bots works best when the price is relatively stable? Have there been cases when the bots have been turned off because of price volatility?
5. Is there something else that you could provide me in order to create more transparency?
We run Bitfinex and poloniex bots for now. MMNXT goal would be to to focus on NXT AE exclusively, but for now there's not enough traffic there yet.
I can send you the bot addresses in PM. And yes, they are all market making bots, so very high volatility is not good for them.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: Audo Kryptowitz on November 19, 2015, 09:44:09 am
We run Bitfinex and poloniex bots for now. MMNXT goal would be to to focus on NXT AE exclusively, but for now there's not enough traffic there yet.
I can send you the bot addresses in PM. And yes, they are all market making bots, so very high volatility is not good for them.
Ok! Thanks
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 20, 2015, 08:23:03 am
Weekly!
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8668497
Summary of proposed distribution of  30201NXT to 393 assetholders
Based on ownership at timestamp 62713262 (Fri, 20 Nov 2015 08:21:02 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

There were some stats problems last week, I'll make sure it won't happen again.
AE activity is quite low
I hope our asset sell platform will attract new people to AE, planning to launch it next week.
Title: Re: MMNXT - market making and arbitrage fund for NXT AE.
Post by: coinomat on November 27, 2015, 08:48:23 am
Pretty crazy week
but we're moving on! nothing can stop us :)
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8668497
Summary of proposed distribution of  27566NXT to 390 assetholders
Based on ownership at timestamp 63319594 (Fri, 27 Nov 2015 08:46:34 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend
Title: Re: MMNXT - market making and arbitrage fund for NXT