elective-stereophonic
elective-stereophonic
[ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
singapore
Please login or register.

Login with username, password and session length
Advanced search  

News:

Latest Nxt Client: Nxt 1.11.15

Pages: [1] 2 3 ... 7  All

Author Topic: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY  (Read 29117 times)

LibertyNow

  • Board Moderator
  • Sr. Member
  • ****
  • Karma: +78/-33
  • Offline Offline
  • Posts: 361
    • View Profile
    • Liquid Tech
[ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« on: January 31, 2015, 06:43:10 pm »



Hey fellow NXTers,

A common frustration in the community for quite a while has been liquidity across our markets.  BTER has been improving, but the other major exchanges still lack significant available entry/exit points for medium-sized orders and up without major price swings (note what seems like the weekly dump on POLO)...even BTER struggles with this at orders over 10 BTC

I've been writing and maintaining my own personal arbitraging software for almost a year.  It's been quite successful with one month profiting over 80BTC at the height of the alt coin frenzy.  Unfortunately, as the alt coin volume had dropped considerably, profits have sunk.  In this process though, I've been noodling an idea that brings myself and the NXT community to a crossroads.  An idea that can increase arbitrage profits and NXT liquidity. 

In order to make it happen though, I need capital and so I'm announcing my first asset on the NXT AE....LIQUID (#4630752101777892988)

Over the last 10 days, I've worked and reworked the business plan with Damelon and chanc3r to find a good balance to profit investors and also successfully increase our liquidity.  The complete plan can be found at the website: http://www.liquidtech.info

For those that don't want to muddle through it (please don't invest though until you have, just 3 pages), here are some of the bullet points which are also on the home page:

-By trading across all Nxt exchanges, this asset will add liquidity to Nxt while making profit for investors
-30% of the asset (30,000) will be sold at 100NXT to raise initial capital, an additional 20% will be sold over time at market rates
-30% will be given to the LibertyNow who will not sell for 1 year and only at double initial market price. An additional 20% will be rewarded to the LibertyNow upon meeting defined targets.
-Software due date is March 1, 2015.
-The asset expects to trade 5% of Nxt volume in the first three months of operation, and make an average of 2% profit per trade. Will expand to other markets as appropriate.
-Asset holders will receive a minimum of 50% of profits monthly starting on April 1, 2015. 0-50% will be reinvested into the fund.
-A real time interface (http://www.liquidtech.info/real-time-hud) will be provided for all investors with complete details on account balances, locations, trade volume and NAV
-LibertyNow has been implementing basic arbitraging software across all 4 major exchanges since March 2014 with very sizable profits during the alt coin volume boom. Profits were April – 18.83 BTC, May – 31.65 BTC, June – 81.62 BTC, July – 56.75 BTC, August – 25.96 BTC, September – 17.15 BTC, October – 11.30 BTC, November – 5.17 BTC, December – 1.49 BTC
-I will need BTC for the buy side of the market.  I don't want to push the NXT price down, so if you are looking to invest and have BTC, PM me and we'll do a swap at market price according to CMC

For those of you who don't know me, I've recently been market making for james for his fund, jl777hodl.  I'm a really active Slack member (some have questioned when I sleep) and try to kick around here on the forums when possible.

I look forward to your questions and concerns and would be honored if you would consider taking part in this venture.

LibertyNow

NOTE: You'll notice 40,000 assets are held by this address: NXT-335C-HMKJ-WG7U-ELE86.  That is the escrow address held by NXTInvest.  I do not have access to this account.  I will be issued my bonus shares by NXTInspect when I achieve the milestones.

NOTE 2: There will be ZERO selling pressure below the initial price of 100NXT unless somebody chooses to sell at a loss.  Every single share purchased was at 100NXT and the ones I received, I can't sell for at least a year and even then, only if NAV is over 200NXT.  I personally bought some more myself at 100NXT with NXT and BTC, hence the initial BTC balance and the outgoing of an additional 600 shares to my personal account (500 with NXT and 100 with BTC)

ANNOUNCEMENT 2/7/2015 - LQD/BTC Liquid market added @ Poloniex. http://ow.ly/IFdvw
« Last Edit: November 10, 2015, 02:29:25 pm by LibertyNow »
Logged
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

frohlocke

  • Sr. Member
  • ****
  • Karma: +27/-13
  • Offline Offline
  • Posts: 494
    • View Profile
Re: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« Reply #1 on: January 31, 2015, 07:15:16 pm »

Bought some. Hope that this will be a success!
Logged

wings1987

  • Newbie
  • *
  • Karma: +0/-3
  • Offline Offline
  • Posts: 7
    • View Profile
Re: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« Reply #2 on: January 31, 2015, 07:16:35 pm »

Good stuff. Transparency through the website is a welcome feature. Will be investing.

As a Supernet investor and slack member I can say Libertynow is a solid community member.
Logged

Sebastien256

  • Hero Member
  • *****
  • Karma: +169/-24
  • Offline Offline
  • Posts: 2823
  • ^LOOK UP^ = Nxt community!
    • View Profile
Re: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« Reply #3 on: January 31, 2015, 07:18:13 pm »

Damelon and chanc3r can you confirm? ty
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).

Damelon

  • Administrator
  • Hero Member
  • *****
  • Karma: +792/-54
  • Offline Offline
  • Posts: 2314
    • View Profile
    • Nxt Inside
Re: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« Reply #4 on: January 31, 2015, 07:27:16 pm »

Definitely confirmed.

I was looking for someone who was willing and able to boost market activity ánd make idle money active for a while. Then liquidnow came along and chanc3r and I worked with him to get a good plan together.

I think (but always make up your own mind!) that this will be a good boost. More volume makes it also much easier to get on other exchanges, so I think this can be a very good setup :)
Logged
Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
Join Nxt Slack! https://nxtchat.herokuapp.com/
Founder of Blockchain Workspace | Personal Site & Blog

Cassius

  • Hero Member
  • *****
  • Karma: +207/-18
  • Offline Offline
  • Posts: 2459
  • Rather be a pirate than join the navy
    • View Profile
Re: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« Reply #5 on: January 31, 2015, 07:31:45 pm »

Picked up a few. Good for NXT, good for investors: win/win. And LibertyNow is doing good work with JLH too.
Logged
I head up content for BitScan, crypto business hub.

maddy83

  • Sr. Member
  • ****
  • Karma: +108/-50
  • Offline Offline
  • Posts: 292
    • View Profile
Re: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« Reply #6 on: January 31, 2015, 07:53:38 pm »

This looks very interesting. I will probably invest.

The decreasing profit numbers look a bit worrying. And also the fact that a "new software" needs to be written. What kind of risks are there for investors in terms of the performance of this new trading algorithm?

Regarding this, there also seems to be somewhat contradictory statements in the business plan:

Quote
Unfortunately, due to the large drop of volume across alt markets, basic arbitraging is not as profitable and new software and capital must be obtained to improve profitability again. New software needs to be written to implement the trading algorithms for the above mentioned “wall” strategy and capital is needed to set and hold the walls awaiting trades.

Currently, Liberty is testing basic concepts of this new software by market making for NXT asset jl777hodl...

But then, at the bottom:

Quote
Most bot companies use their investors money as a testing ground. No testing here, just success.
Logged
Will do small programming tasks for NXT. PM me!

jl777

  • Hero Member
  • *****
  • Karma: +718/-123
  • Offline Offline
  • Posts: 6170
    • View Profile
Re: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« Reply #7 on: January 31, 2015, 08:28:49 pm »

Libertynow is cool. He has lived up to his commitments, even when it hurts his bank acct. If he says he will do something, he does. I am glad that we now have the second reliable market making asset available. With so many ponzi assets most claiming to be automated trading, but some are solar farms and camels milk??

The person behind the asset is really the only thing that matters. Notice how LibertyNow is using his real handle? This is a clear message that he will stand behind what he says.

I am at the point now where I dont even think of buying an asset from a newbie account, especially if they say their real world identity is public. Those are the ones that scam the biggest!

So, feel safe to buy this asset without worrying about it being a scam. Now, how much profits it will make, this is something that only time will tell. However, I have a feeling that similar to coinomat's MMNXT asset, this one will become a mainstay of the NXT assets.

James
Logged
There are over 1000 people in SuperNET slack! http://slackinvite.supernet.org/ automatically sends you an invite

I am just a simple C programmer

EvilDave

  • Hero Member
  • *****
  • Karma: +341/-40
  • Offline Offline
  • Posts: 1789
    • View Profile
    • NXT Foundation
Re: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« Reply #8 on: January 31, 2015, 08:53:28 pm »

Just to repeat: this isn't solar farms and camel milk, this is a genuinely serious asset with good potential, some proven track record and with backing from some credible people.

In fact: I'm going to buy some. Which is pretty frigging unheard of......... :o
Logged
Nulli Dei, nulli Reges, solum NXT
NXT Donations: NXT-BNZB-9V8M-XRPW-3S3WD
We will ride eternal, shiny and chrome!

maddy83

  • Sr. Member
  • ****
  • Karma: +108/-50
  • Offline Offline
  • Posts: 292
    • View Profile
Re: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« Reply #9 on: January 31, 2015, 09:00:06 pm »

Thanks James.

Was not suggesting a scam in any way. Good to hear you're backing this asset. :)

I am just evaluating any asset with a critical eye, trying to think of possible risks as an investor. Any points I raise is not meant as a sign of distrust or alarm, as I said I will probably invest myself. I just think that openly discussing any possible risks will only benefit the asset.

Quote
I am at the point now where I dont even think of buying an asset from a newbie account, especially if they say their real world identity is public. Those are the ones that scam the biggest!

Yeah, all these latest scams are becoming somewhat of a problem. Will probably hurt the AE market overall, and honest assets end up suffering too.
Logged
Will do small programming tasks for NXT. PM me!

chanc3r

  • Hero Member
  • *****
  • Karma: +124/-50
  • Offline Offline
  • Posts: 1019
  • NXTInspect
    • View Profile
Re: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« Reply #10 on: January 31, 2015, 09:29:45 pm »

Confirmed.

I worked with Liberty not only to improve the plan but implement a number of lock-ins / performance bonuses into the plan and NXTInspect hold the escrow of 40k shares...

There is a minimum holding period of 1 year even if the NAV for his 30k assets is above 2M, as per the business plan.

"LibertyNow will hold on to initially issued 30k assets for a minimum of one year and after that will never sell below a total NAV value of 2M NXT" - this means NAV for the assets has to be above 150 NXT and 12 months have passed before Liberty can sell.

The criteria ensure he is motivated and rewarded to deliver revenue and capital growth.

Liberty seems to be very motivated to make this work, but like everything else it could all go wrong so never invest more than you are prepared to lose.

Definitely confirmed.

I was looking for someone who was willing and able to boost market activity ánd make idle money active for a while. Then liquidnow came along and chanc3r and I worked with him to get a good plan together.

I think (but always make up your own mind!) that this will be a good boost. More volume makes it also much easier to get on other exchanges, so I think this can be a very good setup :)
« Last Edit: January 31, 2015, 11:47:02 pm by chanc3r »
Logged
NXT: 29996814460165 (NXT-JTA7-B2QR-8BFC-2V222)
@imrimr @NXTinspect

Nxtblg

  • Sr. Member
  • ****
  • Karma: +43/-8
  • Offline Offline
  • Posts: 326
  • Old-timer, who has the ouch-chain to prove it
    • View Profile
Re: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« Reply #11 on: January 31, 2015, 10:38:29 pm »

Nice set-up! What you're doing in terms of transparency is similar to the NFD Asset I issued, NFDMMNxt. It's a hybrid, in which I hodl 25'000 MMNXT but also spread-trade with some surplus Nxt I "leased" to the NFDMMNxt_Dedicated_Account. As part of it, I've webbed a spreadsheet which has a public record of all my spread-trading trades. I don't have the technical skills you do, so the spreadsheet is filled manually, but it does record all the trades I've made. 

Transparency can be fun! At the very least, it hooks vanity to something better than showing off pictures of your cute cat. :)

And while I'm on the subject, it's be a real boon for transparency if the exchanges offered read-only APIs for individual account trade records tied to a different password than the owner's. That way, an Asset issuer like you could offer a "stakeholder's API" that shows and collates all your arb trades. An API like that would put the question of legitimacy very smartly to bed...and would make dodgy Assets of this type stick out like the proverbial sore thumb.
Logged
In another universe, I would have stuck to blogging...

marechou

  • Jr. Member
  • **
  • Karma: +12/-3
  • Offline Offline
  • Posts: 78
    • View Profile
Re: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« Reply #12 on: January 31, 2015, 11:20:02 pm »

Good project ! and supported by some hero member, I'm in !

I wish you good luck for this project  ;)

PS: Could you give an expected return per asset per month? in gross profit (Assumed that half will be sent to assetholder and other half will feed the capital and grow the NAV)
« Last Edit: January 31, 2015, 11:37:10 pm by marechou »
Logged

Nxtblg

  • Sr. Member
  • ****
  • Karma: +43/-8
  • Offline Offline
  • Posts: 326
  • Old-timer, who has the ouch-chain to prove it
    • View Profile
Re: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« Reply #13 on: February 01, 2015, 01:29:26 am »

[Odd...How'd I wind up quoting my own post? Anyways, I deleted it to clean up the thread.]
« Last Edit: February 01, 2015, 02:24:05 pm by Nxtblg »
Logged
In another universe, I would have stuck to blogging...

LibertyNow

  • Board Moderator
  • Sr. Member
  • ****
  • Karma: +78/-33
  • Offline Offline
  • Posts: 361
    • View Profile
    • Liquid Tech
Re: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« Reply #14 on: February 01, 2015, 01:58:54 am »

This looks very interesting. I will probably invest.

The decreasing profit numbers look a bit worrying. And also the fact that a "new software" needs to be written. What kind of risks are there for investors in terms of the performance of this new trading algorithm?

Regarding this, there also seems to be somewhat contradictory statements in the business plan:

Quote
Unfortunately, due to the large drop of volume across alt markets, basic arbitraging is not as profitable and new software and capital must be obtained to improve profitability again. New software needs to be written to implement the trading algorithms for the above mentioned “wall” strategy and capital is needed to set and hold the walls awaiting trades.

Currently, Liberty is testing basic concepts of this new software by market making for NXT asset jl777hodl...

But then, at the bottom:

Quote
Most bot companies use their investors money as a testing ground. No testing here, just success.

Hey maddy,

Those are great questions and I understand your confusion.  By the time version 8 of my business plan rolled around, all the words started muddling together.  Let me see if I can clarify a bit.

The previous software I wrote was just flat arbitraging.  I analyze the markets every second and if I see a discrepancy between exchanges of 1.5% or more, I make the trade (assuming balance is there, etc.). I'm still doing this and it makes about 1.5BTC a month (Damelon has seen this), but is slowly fading because total alt volume is going down and scam coins are so crazy, it's too risky to invest in an attempt to net a profit from arbitraging on the end. The best situation for "flat arbitraging" is stable high volume alt coins across multiple markets.

The new system injects liquidity in the market waiting for buyers/sellers, then when trades are completed, it completes the other side of the trade at the best price possible across all exchanges.  I don't have a problem discussing this publicly because the devils' in the details.  There's a lot that goes into implementing it which I've learned over the last year doing the previous arbing.  Basically, I'm attempting to capitalize on large market order pushes either direction on a single exchange.

To get down to your specific questions:

Risks:

1) I fat finger something and ship a bunch of coin somewhere else (this hasn't happened to me yet, but it's always a risk for anybody working in crypto)
2) Trade bot goes nuts and makes a bunch of shitty trades while I'm dreaming of BTC going to $100,000. (I've had a few bad trades happen here and there, but never a nutty bot, during testing, I'll probably lose some because it's a fine tuning process, but should be less than 1 BTC)
3) Nothing happens at all (this is the most possible scenario, but only if market dynamics do a complete 180.  I've watched like a hawk for a long time and these sorts of things don't seem to be changing anytime soon.  A lot of traders live and breathe on market trades so I expect it'll be profitable at some level. If for some crazy reason, I get everything done and profit's just not there we can have a discussion and if I don't have any new ideas, I'll just refund everyone)

Most bot companies use their investors money as a testing ground. No testing here, just success.
I mainly meant that I've successfully run an arbitraging bot for almost a year.   The software is an update of this, but just implementing different concepts.  I'm "testing" this new concept on those markets I mentioned and it's been doing well.

Well, I hope that helps.  If it doesn't, post again and I'll try again. :-)

Thanks,
LibertyNow
Logged
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

LibertyNow

  • Board Moderator
  • Sr. Member
  • ****
  • Karma: +78/-33
  • Offline Offline
  • Posts: 361
    • View Profile
    • Liquid Tech
Re: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« Reply #15 on: February 01, 2015, 02:08:38 am »

Good project ! and supported by some hero member, I'm in !

I wish you good luck for this project  ;)

PS: Could you give an expected return per asset per month? in gross profit (Assumed that half will be sent to assetholder and other half will feed the capital and grow the NAV)

Thank you, marechou!

Estimating return per asset is really hard because I have to try to predict the future trading patterns of thousands of people.  I can only go off of what I've seen in the past.

In my business plan under the profit section (http://www.liquidtech.info/index.php/download_file/view/2/1), I estimated a starting goal of 152,500NXT/month in gross profit.  This is 2.54NXT/asset/month at 60,000 outstanding assets.

Great question and thank for your investment and continued interest.

LibertyNow
« Last Edit: February 01, 2015, 03:43:37 am by libertynow »
Logged
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

LibertyNow

  • Board Moderator
  • Sr. Member
  • ****
  • Karma: +78/-33
  • Offline Offline
  • Posts: 361
    • View Profile
    • Liquid Tech
Re: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« Reply #16 on: February 01, 2015, 02:37:37 am »

Please review Note 2 that I just added.
Logged
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

LibertyNow

  • Board Moderator
  • Sr. Member
  • ****
  • Karma: +78/-33
  • Offline Offline
  • Posts: 361
    • View Profile
    • Liquid Tech
Re: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« Reply #17 on: February 01, 2015, 04:50:22 am »

Removed 5000 assets from the sell wall to allocate for BTC purchases of which 1622 have just been purchased.
Logged
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

starfishi

  • Hero Member
  • *****
  • Karma: +88/-142
  • Offline Offline
  • Posts: 503
    • View Profile
Re: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« Reply #18 on: February 01, 2015, 07:00:06 am »

Removed 5000 assets from the sell wall to allocate for BTC purchases of which 1622 have just been purchased.

Hello liberty ! Any chance, there are some more at 100 NXT per share ??
Placed my order on AE, but you´re sold out  :'(

Anyway, congratulations to this initial success !


Logged

fmiboy

  • Jr. Member
  • **
  • Karma: +20/-0
  • Offline Offline
  • Posts: 92
    • View Profile
Re: [ANN] LIQUID - BOT Asset with UNPRECEDENTED TRANSPARENCY
« Reply #19 on: February 01, 2015, 07:12:08 am »

Hello liberty ! Any chance, there are some more at 100 NXT per share ??
Placed my order on AE, but you´re sold out  :'(

Anyway, congratulations to this initial success !

would be great though. good luck!
« Last Edit: February 01, 2015, 07:28:42 am by fmiboy »
Logged
Pages: [1] 2 3 ... 7  All
 

elective-stereophonic
elective-stereophonic
assembly
assembly