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Latest Nxt 1.11.13 - NEW RELEASE: Ardor 2.0.14 - The Ardor genesis block happened at 0:00 January 1st

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Author Topic: [ANN] Jinn  (Read 238953 times)

sv3n

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Re: [ANN] Jinn
October 01, 2014, 05:27:58 pm



I've done the math now several times, and I'm pretty convinced that the AE will match the ask and bid price to the actual ask and bid offer. I sold mgwBTC for 13750 even though the bid was for 13800, and I checked the buying account and it bought it for 13750, not 13800. Pretty sure there will not be a need to refund NXT which should make this Dutch auction a lot easier.

I am 99% sure that the order that was placed first determines that price.

So in the case of Jinn, the BID prices will determine the trade price.

That would explain it since my order was first. Does it matter when it fills two different orders with a single bid?
NXT-QK6T-BTVP-N8SL-9ZLD4

sv3n

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Re: [ANN] Jinn
October 01, 2014, 05:31:35 pm

Most explanations I have seen have stated bids explicitly pay out the bid value. I know that that's not true, but if it's based on the order of the offers, then that explains why the bid on my order didn't pay out higher, but in this case we would still need refunds.
NXT-QK6T-BTVP-N8SL-9ZLD4

TwinWinNerD

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Re: [ANN] Jinn
October 01, 2014, 05:37:50 pm



I've done the math now several times, and I'm pretty convinced that the AE will match the ask and bid price to the actual ask and bid offer. I sold mgwBTC for 13750 even though the bid was for 13800, and I checked the buying account and it bought it for 13750, not 13800. Pretty sure there will not be a need to refund NXT which should make this Dutch auction a lot easier.

I am 99% sure that the order that was placed first determines that price.

So in the case of Jinn, the BID prices will determine the trade price.

That would explain it since my order was first. Does it matter when it fills two different orders with a single bid?

No, it is completely irrelevant how many orders there are. The first order always sets the price.

There is one usecase I am not sure about though.

Lets say someone submits an Ask order @ 50
Anohterone submits a Bid order @ 55 in the same block

Is the price now 50 or 55? IS the lower ID number relevant again?

Come-from-Beyond

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Re: [ANN] Jinn
October 01, 2014, 05:39:52 pm

IS the lower ID number relevant again?

Yes.

TwinWinNerD

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Re: [ANN] Jinn
October 01, 2014, 05:51:42 pm

IS the lower ID number relevant again?

Yes.

Thank you.

BTW I like your style of answering questions: Short and precise.

Come-from-Beyond

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Re: [ANN] Jinn
October 01, 2014, 06:19:15 pm

This will be the repository for Abracadabra compiler - https://github.com/Come-from-Beyond/Abra.

Sebastien256

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Re: [ANN] Jinn
October 01, 2014, 08:02:54 pm

@CfB or Triangle,
Finally, will there be a very large buying wall after the selling (full amount plus time decreasing as fund is need, as CfB suggested earlier).
Because, this possibility alone, if positive, would make me put a higher bid. Otherwise, i'm not in at the moment.
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).

Come-from-Beyond

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Re: [ANN] Jinn
October 01, 2014, 08:05:45 pm

@CfB or Triangle,
Finally, will there be a very large buying wall after the selling (full amount plus time decreasing as fund is need, as CfB suggested earlier).
Because, this possibility alone, if positive, would make me put a higher bid. Otherwise, i'm not in at the moment.

I withdrew the suggestion because it would lead to a serious problem. Check my posts upthread.

Sebastien256

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Re: [ANN] Jinn
October 01, 2014, 08:10:30 pm

After thinking more about my suggestion I saw a serious problem. Someone could troll this "IPO" by paying high price and then selling the tokens back. My suggestion would lead to an artificially high price and lack of funding, which would slow the growth and ruin it for real "investors". So I withdraw it.

Ok, make sense.
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).

youyou

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Re: [ANN] Jinn
October 01, 2014, 08:27:55 pm

got it @ 85 !!!!

youyou

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Re: [ANN] Jinn
October 01, 2014, 08:30:31 pm

.... everybody is dead or what ???

buybitcoinscanada

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Re: [ANN] Jinn
October 01, 2014, 08:31:00 pm

A
« Last Edit: October 15, 2014, 11:03:54 pm by buybitcoinscanada »

smartwart

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Re: [ANN] Jinn
October 01, 2014, 08:31:06 pm

got it @ 85 !!!!

youra lucky guy ;-)))

youyou

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Re: [ANN] Jinn
October 01, 2014, 08:33:04 pm

got it @ 85 !!!!

youra lucky guy ;-)))

my bid was at 101, wasn't confartable going to bed  while the other bids were rising quickly.

buybitcoinscanada

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Re: [ANN] Jinn
October 01, 2014, 08:34:23 pm

A
« Last Edit: October 15, 2014, 11:09:51 pm by buybitcoinscanada »

Triangle

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Re: [ANN] Jinn
October 01, 2014, 08:35:04 pm

The auction is officially over!
We sold 100,000 Jinn assets at 85NXT/Jinn for a total of 8,500,000 NXT.

The refunds will be be processed tomorrow, it's quite a few transfers and due to it having to be done manually it will take a few hours, but you can expect to have your excess funds tomorrow night.

Thanks to everyone  who participated in this auction! We are looking forward to this project with all of you. And for everyone that didn't get their bids accepted / put in bid too late: don't despair, there will be plenty of ways to collaborate with this project.

More news and updates will come tomorrow.

Berry

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Re: [ANN] Jinn
October 01, 2014, 08:35:57 pm

This auction is the worst fucking bullshit ever.

You executed right at the moment I changed my bids to a higher level, and no I got none. 

rtrtcrypto

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Re: [ANN] Jinn
October 01, 2014, 08:36:38 pm

 8)

Best of luck to the team... make us proud!

smartwart

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Re: [ANN] Jinn
October 01, 2014, 08:37:02 pm

got it @ 85 !!!!

youra lucky guy ;-)))

my bid was at 101, wasn't confartable going to bed  while the other bids were rising quickly.

how many you ordered and how many you got?

buybitcoinscanada

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Re: [ANN] Jinn
October 01, 2014, 08:38:30 pm

A
« Last Edit: October 15, 2014, 11:10:03 pm by buybitcoinscanada »
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