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Author Topic: [ANN] EDGE - New Asset from LibertyNow!!!! - 10713749908351947210  (Read 7796 times)

LibertyNow

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Fellow NXTers,

I've recently decided to start another asset called EDGE which is a fund that bankrolls skill-based gambling ventures.  As the name implies, the money is used for games that allow players to beat other players enough to overcome a house edge.  Currently, there is only one project I have in mind, but I thought I'd offer a larger goal in case other things come along.

The current project is a game that's been near and dear to my heart for almost 2 years now.  I initially forayed into it when @twinwinnerd created ToTheMoon, many moons ago :-)  Unfortunately, Twin got hacked and the project went under.  However, the initial idea twin had was based off a very successful website called Busta Bit.

Located at bustabit.com, bustabit allows players to either compete against the house and/or other players by winning bonuses.  As the website states, "Provably fair Razor thin house edge (between 0 and 1%)" and "99% luck, 1% skill".  Run by @Ryan using a Costa Rican gaming company license, this website has been running for almost 3 years now and is a really cool, fun and provably fair game that offers potential long term profit to a skillful player or in my case a skillful program.

Now, I've played this game off and on for quite some time mostly for fun and to blow off steam.  However, over the last couple of months, I've really honed in on it and attempted to see if it could be beat long term.  So, as you can imagine, I'm here offering this asset now, because I think it can.  I've run a positive EV bot on average in the range of .1% - .2% for more than a month and I think based on the number of gamblers at the site that are in fact not playing skillfully, this can be achieved at least in the foreseeable future.

My goal is to raise about 10BTC through the NXT AE, by selling EDGE shares at 100NXT each and use that money to bankroll my bustabit bot.  EDGE is asset #10713749908351947210 and you can buy as little or as many shares as you'd like.  As NXT accumulates, I will convert it to BTC and increase the bots bankroll.

Now, as is my standard flavor, you will also receive as much transparency as I can give you.  The bot name is EDGE_NXTAE and is running right now (just started this new account about an hour ago) on bustabit.com bankrolled by .88BTC which at current conversion gave me 1,015 shares which I transferred to another of my own NXT accounts. You can see it on the blockchain, TXID #: 5347955425658610450. 

For even MORE transparency, you can see how it's doing based on what the bet size is.  If the number in the hundreds spot is 1, then the bot is running positive EV and the amount is the next 2 digits.  If it's negative, than it's a 0 in the hundreds spot and the amount is the next 2 digits.  For example, right now, the bet amount is 1,129, so the bot is currently running an average of .29% EV per bet.  If for some reason, our little bot started getting beat and the amount was 1,005, that would mean it's been running at -.05% EV.  AS an aside, I use a worst case scenario EV calculation, so this is the absolute worst it could be doing and on average it usually does about .1% better.

Finally, my hope is to pay out profits via NXT dividends each month unless the variance just goes nutters. The payout breakdown will be 25% to myself, 50% to investors and 25% to the bankroll.  For example, if we make 10,000 NXT worth in 1 month, I would receive 2500NXT, 7500NXT will be split up by all owners of EDGE and the last 25% will stay in the BustaBit bankroll (thus also increasing the value of each EDGE share)

Any and all questions are welcome including the ever so fantastic question, "If you can make money running a bot, why look for investors?!" :-)

Thanks for your interest!
LibertyNow

NOTE 1: Contact me directly, if you want to invest BTC without going through the NXT conversion.

NOTE 2: I set bet size to approximately .1% of total bankroll and there are about 3600 games per day. If I can maintain EV of at least .1%, then monthly EV would be about 8-9%.  Assuming decent variance, dividends to investors would be about 5% a month of the current bankroll.
« Last Edit: February 07, 2017, 10:17:01 pm by LibertyNow »
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

LibertyNow

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

LibertyNow

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Thanks to recent investors.  I converted the 42,100 NXT to .352 BTC, added it to the bankroll and restarted the bot.

Stats for games 1 - 2718:
Starting Bankroll: .88BTC
EV (Estimated Value): .144%
EV profit: .496%
Actual Profit: -5.56% (-.049BTC)

So, we did really well, EV wise, but much like in poker, the deck doesn't always run well.  The reason I only bet between .1 and .2% of the bankroll per bet is because the variance is so high. 

Bankroll is now 1.183BTC

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

LibertyNow

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Quickly stopped the bot to make a small update.

Stats for the last 368 games (about 2.5 hours):
Starting Bankroll: 1.183BTC
EV (Estimated Value): .297%
EV profit: .205%
Actual Profit: 6.65% (.079BTC)

Bankroll is now 1.262BTC

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

LibertyNow

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I moved the sell wall up to account for the current NAV of 115.  Some of the increase is due to profit and some to NXT price change.

Shares   1,586.000
NXT/BTC   0.00000855
Bankroll BTC   1.310
Bankroll NXT   15,000.000
Bankroll Total BTC   1.438
Bankroll Total NXT   183,216.374
NAV   115.521
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

LibertyNow

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Stopped and started bot to add more bankroll from selling shares. 

Stats for the last 3017 games (almost a day):
Starting Bankroll: 1.264BTC
EV (Estimated Value): .199%
EV profit: .998%
Actual Profit: 3.65% (.046BTC)

Shares   2,739.000
NXT/BTC   0.00000811
Bankroll BTC   2.512
Bankroll NXT   0.000
Bankroll Total BTC   2.512
Bankroll Total NXT   309,741.060
NAV   113.085
« Last Edit: February 09, 2017, 05:22:05 pm by LibertyNow »
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

LibertyNow

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Thanks recent investors! Added 1.425 BTC to bankroll and reset bot.  Stats for last run:

# of Games:   6,873
Time Period (hours):   45:49
Starting Bankroll (BTC):   2.512
EV (Estimated Value):   0.24%
EV profit:   2.081%
EV profit (BTC):   0.052
Actual Profit:   1.435%
Actual Profit BTC:   0.036
   
Unissued Shares:   995,849
Issued Shares:   4,152
NXT/BTC:   0.00000878
Bankroll (BTC):   3.976
Bankroll (NXT):   0.00
Total Bankroll (BTC):   3.976
Total Bankroll (NXT):   452,847.38
NAV (NXT)::   109.08

LibertyNow

https://www.bustabit.com/user/EDGE_NXTAE
« Last Edit: February 11, 2017, 04:49:32 pm by LibertyNow »
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

LibertyNow

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Sold more shares, added .44BTC.

Recent stats:

# of Games:   4,554   
Time Period (hours):   30:21   
Starting Bankroll (BTC):   3.976   
EV (Estimated Value):   0.097%   
EV profit:   0.52%   
EV profit (BTC):   0.021   
Actual Profit:   -0.421%   
Actual Profit BTC:   -0.017   
      
Unissued Shares:   995,394   
Issued Shares:   4,607   
NXT/BTC:   0.00000856   
Bankroll (BTC):   4.404   
Bankroll (NXT):   0.00   
Total Bankroll (BTC):   4.404   
Total Bankroll (NXT):   514,485.98   
NAV (NXT)::   111.69   
      
https://www.bustabit.com/user/EDGE_NXTAE      
« Last Edit: February 13, 2017, 04:49:08 am by LibertyNow »
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

LibertyNow

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Sold more shares, added 1 BTC.  This was a short session:

# of Games:   501
Time Period (hours):   3:20
Starting Bankroll (BTC):   4.404   
EV (Estimated Value):   0.361%   
EV profit:   0.210%   
EV profit (BTC):   0.009   
Actual Profit:   3.766%   
Actual Profit BTC:   0.166   
      
Unissued Shares:   994,244   
Issued Shares:   5,756   
NXT/BTC:   0.00000853   
Bankroll (BTC):   5.570   
Bankroll (NXT):   14,030.00   
Total Bankroll (BTC):   5.690   
Total Bankroll (NXT):   667,007.73   
NAV (NXT)::   115.87   
      
https://www.bustabit.com/user/EDGE_NXTAE

Since NAV went over 115, I moved the wall to 120.

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

LibertyNow

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Sold more shares, add .544 BTC.  Really large EV game even though negative profit which is good stuff.

# of Games:   2,569
Time Period (hours):   17:07
Starting Bankroll (BTC):   5.69
EV (Estimated Value):   0.340%
EV profit:   0.955%
EV profit (BTC):   0.054
Actual Profit:   -4.242%
Actual Profit BTC:   -0.241
   
Unissued Shares:   993,806
Issued Shares:   6,194
NXT/BTC:   0.00000819
Bankroll (BTC):   5.886
Bankroll (NXT):   0.00
Total Bankroll (BTC):   5.886
Total Bankroll (NXT):   718,681.32
NAV (NXT)::   116.02
   
https://www.bustabit.com/user/EDGE_NXTAE
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

LibertyNow

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Went on a nice run!  Shares moved up to 135.

# of Games:   8,665
Time Period (hours):   57:46
Starting Bankroll (BTC):   5.886
EV (Estimated Value):   0.199%
EV profit:   2.896%
EV profit (BTC):   0.170
Actual Profit:   9.227%
Actual Profit BTC:   0.543
   
Unissued Shares:   993,806
Issued Shares:   6,194
NXT/BTC:   0.00000787
Bankroll (BTC):   6.429
Bankroll (NXT):   0.00
Total Bankroll (BTC):   6.429
Total Bankroll (NXT):   816,899.62
NAV (NXT)::   131.88
   
https://www.bustabit.com/user/EDGE_NXTAE   
« Last Edit: February 17, 2017, 09:33:05 pm by LibertyNow »
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

LibertyNow

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https://www.bustabit.com/user/EDGE_NXTAE

Re-started bot to add .326BTC more bankroll.  Had another fantastic run, .75BTC profit.

# of Games:   2,658
Time Period (hours):   17:43
Starting Bankroll (BTC):   6.444
EV (Estimated Value):   0.172%
EV profit:   0.777%
EV profit (BTC):   0.050
Actual Profit:   11.604%
Actual Profit BTC:   0.748
   
Unissued Shares:   993,478
Issued Shares:   6,522
NXT/BTC:   0.00000731
Bankroll (BTC):   7.527
Bankroll (NXT):   0.00
Total Bankroll (BTC):   7.527
Total Bankroll (NXT):   1,029,685.36
NAV (NXT)::   157.88
« Last Edit: February 17, 2017, 09:32:40 pm by LibertyNow »
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

LibertyNow

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# of Games:   3,100
Time Period (hours):   20:40
Starting Bankroll (BTC):   7.527
EV (Estimated Value):   0.138%
EV profit:   0.683%
EV profit (BTC):   0.051
Actual Profit:   -4.153%
Actual Profit BTC:   -0.313
   
Unissued Shares:   993,478
Issued Shares:   6,522
NXT/BTC:   0.00000704
Bankroll (BTC):   7.214
Bankroll (NXT):   0.00
Total Bankroll (BTC):   7.214
Total Bankroll (NXT):   1,024,715.91
NAV (NXT)::   157.12
   
https://www.bustabit.com/user/EDGE_NXTAE
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

D20160404

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Hello LibertyNow,

As far as I see things seem to be going pretty well for EDGE, but I dont understand how much pending div there is at the moment.
I understand thing can change any moment.

I thought it would be the following

157-100 = 57 NXT
57x0,5 = 28,5 NXT

I guess this is too simple thinking.'
Edit: i see I'm forgetting the NXT price change
« Last Edit: February 20, 2017, 11:15:29 am by D20160404 »

LibertyNow

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Hello LibertyNow,

As far as I see things seem to be going pretty well for EDGE, but I dont understand how much pending div there is at the moment.
I understand thing can change any moment.

I thought it would be the following

157-100 = 57 NXT
57x0,5 = 28,5 NXT

I guess this is too simple thinking.'
Edit: i see I'm forgetting the NXT price change

NAV = Net Asset Value, just means approximately what each share is worth based on total bankroll and number of issued shares, it's not a dividend number

No dividends have been sent yet.  They'll probably be sent monthly based off of how much EV profit has been generated since the variance is so high, I don't want to pay off a bunch of the bankroll and then have it go through a downswing.
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

LibertyNow

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Went through a major downswing, but EV still did well.

# of Games:   9,086
Time Period (hours):   60:34
Starting Bankroll (BTC):   7.214
EV (Estimated Value):   0.00108
EV profit:   2.183%
EV profit (BTC):   0.157
Actual Profit:   -17.978%
Actual Profit BTC:   -1.297
   
Unissued Shares:   993,478
Issued Shares:   6,522
NXT/BTC:   0.00000684
Bankroll (BTC):   5.910
Bankroll (NXT):   0.00
Total Bankroll (BTC):   5.917
Total Bankroll (NXT):   864,035.09
NAV (NXT)::   132.48
   
https://www.bustabit.com/user/EDGE_NXTAE   

Total EV profit: .522BTC
LQD NXT:17750387231635486778, EDGE NXT: 10713749908351947210
LQD: http://www.liquidtech.info, EDGE: https://www.bustabit.com/user/EDGE_NXTAE

D20160404

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Thanks for your answer. I will just have to wait and see how it will go in the long run.

LibertyNow

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Just an update on the Bustabit bot. I know things are looking a little dire right now. We're down about 1.3BTC and that doesn't feel great.  However, this is part of the cycle.  Just a few days ago, we peaked at positive 1.8BTC.  This happens because our edge is fairly small and the bet size is set to maximize profit for our bankroll, so swings can be pretty extreme, as much as 50% or more.  Theoretically, we could go down another few BTC before things turn around.   The good news is that minimum EV has consistantly been between .15% and .25% so everything is running as expected.

Finally, I know this might seem a little counter intuitive, but if anybody is thinking about investing, this would really be a great time to do it. 

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

kay5ive

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How would you say that it is the best time to invest? Do you have any road map?
I am new in this forum and dont know some nxt terms regarding investing.
Would you like to guide me step by step investing procedure about your product?

Regards,


Just an update on the Bustabit bot. I know things are looking a little dire right now. We're down about 1.3BTC and that doesn't feel great.  However, this is part of the cycle.  Just a few days ago, we peaked at positive 1.8BTC.  This happens because our edge is fairly small and the bet size is set to maximize profit for our bankroll, so swings can be pretty extreme, as much as 50% or more.  Theoretically, we could go down another few BTC before things turn around.   The good news is that minimum EV has consistantly been between .15% and .25% so everything is running as expected.

Finally, I know this might seem a little counter intuitive, but if anybody is thinking about investing, this would really be a great time to do it. 

Thanks,
LibertyNow

LibertyNow

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How would you say that it is the best time to invest? Do you have any road map?
I am new in this forum and dont know some nxt terms regarding investing.
Would you like to guide me step by step investing procedure about your product?

Regards,


Just an update on the Bustabit bot. I know things are looking a little dire right now. We're down about 1.3BTC and that doesn't feel great.  However, this is part of the cycle.  Just a few days ago, we peaked at positive 1.8BTC.  This happens because our edge is fairly small and the bet size is set to maximize profit for our bankroll, so swings can be pretty extreme, as much as 50% or more.  Theoretically, we could go down another few BTC before things turn around.   The good news is that minimum EV has consistantly been between .15% and .25% so everything is running as expected.

Finally, I know this might seem a little counter intuitive, but if anybody is thinking about investing, this would really be a great time to do it. 

Thanks,
LibertyNow

Nothing is guaranteed of course, but in my experience in BustaBit, the randomizer always eventually corrects itself so as long as play is positive EV, it comes back.  Increasing bankroll now and thus larger betsize would make for a stronger comeback since we're on a downswing now. 

EDGE asset id is 10713749908351947210.  To purchase shares, just buy EDGE shares from the sell wall that's listed at 160NXT right now in your NXT wallet.

I msg'd you my skype and slack contact info if you want the "step by step investing procedure".

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