Asset Name: JDAsset
Total Shares: 100,000
Release Price: 1 BURST
Monthly Dividends (end-of-month)
Wallet Address: BURST-BYT8-KVT9-E7LX-82CCJ
Email: [email protected]
Data Sheet: * https://drive.google.com/file/d/1gmHDzCFtz91hggV2OLK23fwlqj0wGV6I/view?usp=sharing *
Check the data sheet for updates in case I haven't posted
-This is a cumulative place for me to put a few of my small revenue streams and investments together. Opening for the possibiliy of community support and collective profits
-No shares are currently for sale. I am working to fund all revenue streams, waiting on community comment, and going through Haitch verification processes. In the meantime I'll be updating the sheet and sending BURST to the Asset
-Hoping to post sell orders starting in February
25k-> *Asset share
25k-> *JD-Twin: shares for my initial investment
50k-> Sell Orders- Will be placed as I'm able to back with buy orders
*I retain these 50k shares. This is why I made a twin wallet- I would rather the Asset have it's own portion to use plus a personal portion (Twin) where I can show I'm backing the asset and reinvesting. What I call "Trade" is really more about the balance the wallet can use. I will probably only trade with about half of it and I'll likely use it to buy extra coins or assets if it accumulates
Initially I will sell 30k shares at 1 BUSRT each in portions as I work on filling matching 0.9 BURST/share buy orders. My Twin wallet uses personal funds/divs to set these orders, see in "dividends" below.
If all these shares are sold, I will post 20k shares at 2 BURST each under the same backing conditions, with buy orders moving to 1.8 BURST -We will probably debate how I do this I say gradually buy it's a future topic
Income from share sales will be distributed:
-70% PoS coins (divided among whatever the asset holds or suggestions)
-20% Asset Exchange
I will document these distributions as shares are sold and discuss assets prior to investing on AE
Staking -Initailly staking ~3600 POT and ~138 NAV with plans to purchase NEO
-I have no particular preferences in coins, these are simply funds I had on exchange and wanted to store
-Open to holder suggestions as to other coins the asset could begin staking
-Half of all staking rewards act as profit
Trade- ~5000 Burst will likely add more, some may be used as liquid instead of trade for div purchases
-Profits converted to BURST
Plenty of room for expansion
Current plans are to build PoS balances and work on building/expanding a mining rig, much of this will likely just come from me as I expand but I'll appreciate if profits could help. All in due time
Open to more suggestions
Dividends will be paid monthly following this timeline:
Twin wallet will transfer any share difference >25k to the Asset wallet
BURST equivalent to the profits from staking rewards will be purchased as needed and sent to Asset wallet
Dividends will be divided among the shares
-Div amount is .90(total BURST in Asset wallet), this excludes BURST from share sales (which are reinvested)
BURST divs sent to the Twin account will be used as follows:
-75% towards 0.9BURST Buy Order
-25% used at my will to further invest or buy sell orders posted under my own (more details below)
Once the Buy Order is filled, amount required to maintain the order will be subtracted from the balance. From the difference:
-40% towards staking coins
10-20% placing new buy orders
10-20% on sell orders (more below)
<25% belongs to me (I will never withdraw more that 25% of this div for myself)
If all of my buy and sell orders are filled I may consider increasing buy order prices from the twin account, with holder approval AND if sell orders reflect this
Dividends earned by the Asset wallet will be distributed the same as share sales, unless I've already discussed something different:
-70% PoS coins (divided among whatever the asset holds)
-20% Asset Exchange
BUYING SELL ORDERS
Some funds will be used to purchase sell orders listed below my own asking prices, as stated above. This is done at my discretion.
As Issuer I maintain my right to posts shares for sale at any price I choose. That said, in hope to create a stable asset, after dividends are paid any shares exceeding 25k held by the Asset wallet (Twin will already have done this as well) will be re-posted at market prices, as long as I can back them. I will continue to do this until those 50k shares belong to the community. Before posting sell orders above 2 BURST (if that ever happens) I a small purchase against the lowest sell. My shares will be listed at the lowest sell value, or as low as the third price if the lowest two together are worth <100 BURST
After that I don't know what the price might do. Depends on you all. Any shares over 50k held between the Asset and Twin will continue to be posted for sale around market price. I may consider reducing my ownership within my wallets to 20k shares each, depending on how things look and again only if I can back it.
The Twin wallet will ALWAYS post a buy order @ 0.9 BURST unless this price is increased as the asset grows. I will try to use Twin funds to pick up shares for sale on the exchange sometimes, but would rather use them for investing.
I am currently not verified by Haitch, but undergoing the process for the sake of transparency considering this is a fresh account and I'm unknown to everyone.
The whole point here is that I am way more interested in creating an asset that might benefit both the network and the community than some other Issuer who does a 0.001*Price buyback and disappears. If nobody buys any shares, I'll still be here making my own profits. If you buy shares and decide you don't like them, the order will already be up for you.
-This is my personal asset developed to expand my own investments and give back to the community in return. I made this for me. All BURST used to purchase shares from me are invested with details provided, and I'm making every effort to have a reasonable buy-out option for all purchased shares in that I won't post sell orders that I can't back.
-I will do my best to post any important asset details (purchases, divs, transfers, etc.) before making any decisions if I think investors may want a voice. I will try to give appropriate time to respond. Maybe we can set up some kind of voting mechanism (sell orders @1001 for yes @1002 for no, twitter response, torches and pitchforks)
-A wallet named "outrageous reward" will act as my 'middle-man" wallet if/when I'm able to withdraw some BURST for myself, for public disclosure. I did not pick that name specifically, so please don't take it as some kind of omen. BURST used to supplement costs like mining hardware will move not through this wallet
-For whatever it's worth, you also have my word that I will not use any other BURST account I might ever own to purchase shares of my own asset. (Wow I wrote this before I saw someone acutally abandoned and started trading their shares anonymously wtf guy) I've discussed how I will go about divs above, and will only hold more than 50% of the asset to collect dividends for reinvestment until I can back and sell them all. The only BURST I will take for myself is .25(TwinShares)*.25(my cut) = MAXIMUM, which is 1/8th of the total dividend, and only after shares are backed. If something about this changes it will be highlighted publicly.
-If a coin held in staking sees large price increases (say POT @5000 sat), I may ask holders to allow the asset to sell up to 10% of a coin's balance for profits. I would split the amount of that sell 70% to a dividend bonus and 30% to a balance set aside for reinvesting with shareholder input (hopefully)
I'm posting this on January 11th, 2018. Some values can become irrelivant over time, so please understand if something I said here doesn't hold true. Prices will stay as listed until such moment that I no longer control the minmimum 2 BURST sell wall (or 1 if we don't get that far)
Please contact me with any questions, concerns, or suggestions. I will respond to the best of my ability and be as transparent as possible. Please keep discussions civil -JD
So I have a couple of questions, you mentioned you wanted to get into Burst mining to help stabilize the asset, but I see no mention of reinvestment being allocated to Burst mining, so wondering how that would work.
And secondly, I'm trying to figure out what you're getting out of this if you're going to back all sales with a buy order, effectively meaning you will be getting a minimum of Burst from the sales-- in other words, if you're not getting any Burst out of the sales, why do the asset?