Latest Nxt Client: Nxt 1.11.15
Are you going to sell all 100k shares in one go or will you only sell amount of shares that corresponds to your desired bid ?
...This means that the chunk of 100,000 assets will be sold at once against the ladder of bid orders. ...
100k shares will be sold at the price of the 100k th bid.e.g. if you bid 100 shares at 150 NXT and the ask is at 100, you will obtain 100 shares at 100 NXT
Quote from: youyou on October 01, 2014, 12:14:21 pm100k shares will be sold at the price of the 100k th bid.e.g. if you bid 100 shares at 150 NXT and the ask is at 100, you will obtain 100 shares at 100 NXTOk, so I have to sum up the buy orders up to 100.000 to obtain Jinn Asset at a reasonable price.
Quote from: Fatih87SK on October 01, 2014, 12:20:11 pmQuote from: youyou on October 01, 2014, 12:14:21 pm100k shares will be sold at the price of the 100k th bid.e.g. if you bid 100 shares at 150 NXT and the ask is at 100, you will obtain 100 shares at 100 NXTOk, so I have to sum up the buy orders up to 100.000 to obtain Jinn Asset at a reasonable price.This show with what price you could enter the ship http://nxtexplorer.com/nxt/nxt.cgi?action=4000&switch=10&id=3061160746493230502&p=1
I don't understand how this auction works. Can anyone enlighten me in two sentences?I see a buy order of 5 pieces for 900 NXT
I am sure this has been asked already but I'm too lazy to check out every page;What will happen to the other 90% percent of the assets?
Development update:The "dynamical" part has been completed. Theoretically, now Jiniri is able to run Jinn-compatible programs written in Java. Practically, there should be bugs (there are no programs without bugs ). My next task is testing, bug fixing and polishing. I'm going to write the comments for the code also.
Quote from: Fatih87SK on October 01, 2014, 02:28:35 pmI am sure this has been asked already but I'm too lazy to check out every page;What will happen to the other 90% percent of the assets?The remaining 90% of the total Jinn shares will be locked in and reserved for project development. We will not be issuing any more assets until we reach our set goals as outlined below, nor will anyone in the Jinn team be allowed to sell their assets until these goals are reached as follows:1/5th of the remaining assets will be handed over (and allowed to be sold) to the founders (Come-from-Beyond, David, Wesley) after Jiniri Limited is completed. 1/4th of the remaining assets to the same people after Jiniri Unlimited is completed and the proof-of-concept game is released. 1/3th - after Jinn is designed. 1/2th - after Jinn prototypes manufactured. And the remaining assets will be handed over after the very first Jinn processors are sold.http://www.jinnlabs.com/
Is it Jiniri Limited or Jiniri Unlimited? I hope it is JU
Can we just buy this stuff already? Lol
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.
Quote from: sv3n on October 01, 2014, 04:21:26 pmI'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.You are right. I did not realized it before. It makes the whole process much better.
Yeah, I don't think anyone did. There were a lot of confident posts (including mine ) that were sure it was bids always pay the bid price. You can never underestimate the power of "Trust but verify"!
Quote from: sv3n on October 01, 2014, 04:21:26 pmI'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.You are right. I did not realize it before. It makes the whole process look much better.
Quote from: sv3n on October 01, 2014, 04:21:26 pmI'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.
