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Messages - paulscreen

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1
Cryptoasset.fund projects / Re: [ANN] Coinomat.com
« on: August 08, 2014, 04:09:13 am »
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2
Cryptoasset.fund projects / Re: [ANN] Coinomat.com
« on: August 07, 2014, 03:36:21 am »
Hi,

Has anyone worked out a ROI rate for this asset?  I did some quick numbers based on a volume of 200,000 NXT per day, and came up with 14% per annum at an asset price of 2NXT.  That sound about right? 

200k * 1.5% * 365 = 1.1m NXT in dividends per year
4m assets total across coinomat and coinomat1
= 1.1m/4m = 0.275 NXT per year per asset

Is my maths correct ? :)
If you assume no growth in volumes.

since they are already having 40+ BTC volume days and this is before many NXT users are regular users, my assessment is that moving forward the daily volumes should be higher than 200K NXT. On low days (since adding NXT) they are doing 10 BTC per day.

So if we assume 40 BTC/day is a sustained rate, then it is at least double your 14%
When I did the calculations I came up with an estimate of about a 1 to 2 year recoupment period
The growth rate is very hard to estimate accurately though, with such things as cryptocard, maybe the volumes will be higher?

James

Thanks James.  I'm yet to purchase my first asset as I'm new to NXT, but this is likely to the first one.  The 14% I came up with was attractive enough :)   BTW it's paulthetafy here from bitcointalk :)  So it's your work on BTCD and the anon card that led me to coinomat!

3
Cryptoasset.fund projects / Re: [ANN] Coinomat.com
« on: August 07, 2014, 02:26:02 am »
Hi,

Has anyone worked out a ROI rate for this asset?  I did some quick numbers based on a volume of 200,000 NXT per day, and came up with 14% per annum at an asset price of 2NXT.  That sound about right? 

200k * 1.5% * 365 = 1.1m NXT in dividends per year
4m assets total across coinomat and coinomat1
= 1.1m/4m = 0.275 NXT per year per asset

Is my maths correct ? :)

4
I'm very new to NXT (first post) and joined the forum to learn more about listing assets.  This thread caught my attention as I know a thing or two about auction sites, and can't see how what you are proposing is possible.  so I would like to know what are your revenue projections like?  If you are selling 75% of your business (and according to your post using that money for marketing), what's your financial motivation for actually RUNNING the site?

As an example.  Let's say your revenue 2.5% on sales, and there are $100,000 a month in sales.  So your revenue on that is $2500.  Of which 75% goes to asset holders, leaving you $625.  I would imagine you have a good few hundred dollars a month in costs, so you might have $300 a month left to pay yourself a salary.  Except that in order to run a site with a volume of $100,000 a month in sales, you actually need more than one person employed full time.  So who pays their salary?

Imagine your marketing was awesome and you actually managed to have 10x the volume at $1,000,000 per month in sales / $25,000 per month in revenue.  After giving away 75% of your profit to asset holders you're left with ~$6k a month for salaries and running costs.  That enough?  How many employees do you think you will need to support a business of that size?  I would say 4-5 at least.  So you need $300-$400k a year to cover those salaries.  I don't think your revenue (before giving profit's to asset holders) would even come close to covering that amount.  So what's the plan?

Or have I got it all wrong and you're paying NET profit to asset holders?  In which case things are not quite so bad for you as you can include your own salary (which is what?) in the costs, but pretty dire for asset holders.  You either pay yourself no wage, therefore have no motivation to actually run the site, and asset holders get a meager return, OR you pay yourself and your employees a salary and the asset holders get no dividend.

On another note, have you surveyed your competition?  Do you think you can compete for their business?

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