elective-stereophonic
elective-stereophonic
MMNXT - market making and arbitrage fund for NXT AE. singapore
Please login or register.

Login with username, password and session length
Advanced search  

News:

Latest Stable Nxt Client: Nxt 1.12.2

Pages: 1 ... 31 32 [33] 34 35 ... 57

Author Topic: MMNXT - market making and arbitrage fund for NXT AE.  (Read 234812 times)

xiahui135

  • Full Member
  • ***
  • Karma: +15/-11
  • Offline Offline
  • Posts: 150
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #640 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.
« Last Edit: May 27, 2015, 03:42:19 pm by xiahui135 »
Logged

coinomat

  • Board Moderator
  • Hero Member
  • ****
  • Karma: +214/-18
  • Offline Offline
  • Posts: 1520
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #641 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.
Logged
Time to go further

coinomat

  • Board Moderator
  • Hero Member
  • ****
  • Karma: +214/-18
  • Offline Offline
  • Posts: 1520
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #642 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
Logged
Time to go further

yassin54

  • Hero Member
  • *****
  • Karma: +240/-14
  • Offline Offline
  • Posts: 2503
  • I am Homer, Sorry my english is Bad!!
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #643 on: May 29, 2015, 09:09:02 am »

thanks receveid dividend!  ;D ;D

Cassius

  • Hero Member
  • *****
  • Karma: +207/-18
  • Offline Offline
  • Posts: 2459
  • Rather be a pirate than join the navy
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #644 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.
Logged
I head up content for BitScan, crypto business hub.

coinomat

  • Board Moderator
  • Hero Member
  • ****
  • Karma: +214/-18
  • Offline Offline
  • Posts: 1520
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #645 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!
Logged
Time to go further

jeff jefferson

  • Full Member
  • ***
  • Karma: +1/-0
  • Offline Offline
  • Posts: 127
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #646 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.
Logged

Sebastien256

  • Hero Member
  • *****
  • Karma: +169/-24
  • Offline Offline
  • Posts: 2823
  • ^LOOK UP^ = Nxt community!
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #647 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?
« Last Edit: May 31, 2015, 09:33:06 pm by Sebastien256 »
Logged
Please drop your ideas concerning Nxt and/or NRS in this topic -> List of feature request for Nxt and/or NRS (with the full list in OP).

coinomat

  • Board Moderator
  • Hero Member
  • ****
  • Karma: +214/-18
  • Offline Offline
  • Posts: 1520
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #648 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.
Logged
Time to go further

coinomat

  • Board Moderator
  • Hero Member
  • ****
  • Karma: +214/-18
  • Offline Offline
  • Posts: 1520
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #649 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.
Logged
Time to go further

coinomat

  • Board Moderator
  • Hero Member
  • ****
  • Karma: +214/-18
  • Offline Offline
  • Posts: 1520
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #650 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.
Logged
Time to go further

yassin54

  • Hero Member
  • *****
  • Karma: +240/-14
  • Offline Offline
  • Posts: 2503
  • I am Homer, Sorry my english is Bad!!
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #651 on: June 12, 2015, 08:27:09 am »

Thanks!  ;)
just question
when credit card is started?
« Last Edit: June 12, 2015, 08:44:41 am by yassin54 »
Logged

coinomat

  • Board Moderator
  • Hero Member
  • ****
  • Karma: +214/-18
  • Offline Offline
  • Posts: 1520
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #652 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
Logged
Time to go further

yassin54

  • Hero Member
  • *****
  • Karma: +240/-14
  • Offline Offline
  • Posts: 2503
  • I am Homer, Sorry my english is Bad!!
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #653 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  :)

coinomat

  • Board Moderator
  • Hero Member
  • ****
  • Karma: +214/-18
  • Offline Offline
  • Posts: 1520
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #654 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.
Logged
Time to go further

Fortis

  • Jr. Member
  • **
  • Karma: +2/-0
  • Offline Offline
  • Posts: 34
  • in homer simpson we trust
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #655 on: June 19, 2015, 01:43:10 pm »

received ....thank you...nice dividend
Logged

Fortis

  • Jr. Member
  • **
  • Karma: +2/-0
  • Offline Offline
  • Posts: 34
  • in homer simpson we trust
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #656 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?

Logged

coinomat

  • Board Moderator
  • Hero Member
  • ****
  • Karma: +214/-18
  • Offline Offline
  • Posts: 1520
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #657 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?


I will be there till I die :)
Go easy with nomad life style :) Start with countries with good internet access :)
Logged
Time to go further

Nxtblg

  • Sr. Member
  • ****
  • Karma: +43/-8
  • Offline Offline
  • Posts: 326
  • Old-timer, who has the ouch-chain to prove it
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #658 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
Logged
In another universe, I would have stuck to blogging...

coinomat

  • Board Moderator
  • Hero Member
  • ****
  • Karma: +214/-18
  • Offline Offline
  • Posts: 1520
    • View Profile
Re: MMNXT - market making and arbitrage fund for NXT AE.
« Reply #659 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.
Logged
Time to go further
Pages: 1 ... 31 32 [33] 34 35 ... 57
 

elective-stereophonic
elective-stereophonic
assembly
assembly