Wow, it looks like folks had been placing their buy offers for NRD on Stellar as if Stellar Lumens were only worth 9 or 10 cents USD;
Whereas of course XLM jumped to five times that or more recently.
This should be a warning to everyone that when placing offers on the Stellar platform in Lumens (XLM) it is wise to bear in mind how much Lumens themselves tend to change in value.
Basically although they stayed around 9 or 10 cents USD for quite a while, they seem longer term to fluctuate between maybe 9 cents or less up through 55 cents or maybe sometimes even more.
So, it is wise until your columns of buy and sell offers span the full gamut of movement to at least initially place your sell offers as if Lumens own value was in the low range of its variance while placing your buy offers as if Lumens were toward the high end of their variance.
I just looked at NRD and the buy offers stretched all the way up to 1.429+ Lumens per NRD!
Whereas by my calculations the Latest Rates include file latest valuation has them at close to 22 cents CAD or so, which is half a Lumen or less!
Nice windfall for me if I can take advantage of it before someone else notices!
The Romans don't seem to be awake right now so instead of pointing it out to them to see if they want to put more stuff into their official treasury to raise their calculated value way up more into line with this high "spot market" value I am about to sell a bunch of NRD on that spot market to bring it down more into line with the value calculated from the treasury...
...Oops I might be too late already, looks like maybe they did get my message and are starting to sell on the spot market themselves...
That is always the choice to make with treasury-based assets, if the spot market somehow shows prices higher than the calculated value do you want to take advantage of that to build up your treasury to bring calculated value up too, or sell on the spot market to bring the spot market price back down toward the calculated value?
Or, as the Romans might be up to right now, maybe profit from the spot market then later use those profits to buy stuff to put into your treasury so the end result is first bringing the spot market price downward to match the value calculated from the treasury then maybe as soon as the next bi-monthly or so recalculation of the calculated value get more stuff into your treasury to raise the calculated value back up above the spot market price...
-MarkM-
EDIT: Aha looks like they chose a third choice: using the Lumens obtained by selling on the spot market to strengthen the buy-side there by increasing the size of their buy offers lower down in price...
Topic: [ANN] New Roman Denarius (NRD) a Galactic Milieu currency (Read 55 times)
Having noticed there is nowadays an ANNouncements section for Tokens, it occurred to me after having mentioned it in a thread in another section that it ought to have an ANNouncements thread in this Tokens section... So herewith:
If you like the idea of holding some Denarius, maybe it will interest you to know that Caesar and Tartacus, despite possible ideological differences (Tartacus is a wordplay upon the name Spartacus) have for years now been collaborating to launch a Roman civilisation in the Galactic Milieu's FreeCiv scale of play.
A civilisation whose currency is to be the New Roman Denarius (NRD), which currency has already for a long time now been implemented.
Because of course Proof of Work blockchains are ridiculously expensive media with which to implement a currency (all those third party minters, how is the civilisation expected to "back" IOUs issued by foreigners / aliens?) the base layer is the HORIZON platform, where 21 million NRD were issued.
The more convenient layer for non-players or players whose guild, party, clan or whatever (generically "group" hopefully eventually in some way to relate to GRouPcoin) has not deployed for their use a HORIZON node, and who choose not to deploy a personal one, is Stellar.
As usual, what is deployed on Stellar exists first on HORIZON, so that by looking at the "Stellar Holdings" account on HORIZON one can see how much of what has been tokenised onto the Stellar platform.
That is why the NRD token on Stellar has not minted a full 21 million yet; only such NRD as have actually been moved into the Stellar Holdings account need Stellar tokens to represent them so rather than minting the full 21 million then locking minting capability of the issuing account the Milieu takes the approach of using the size of the issued-to account's trustline to serve as indicator of how many in total were minted thus far.
The HORIZON platform however remains the canonical ledger, so for example when we start adding the DMDv4 platform a "DMD4 Holdings" account will be created on HORIZON and any assets minted onto DMDv4 will be moved into the DMD4 Holdings account just like currently assets minted onto the Stellar platform are first moved into the Stellar Holdings account on HORIZON.
HORIZON will thus continue to be where to go to find the total number of each asset that has been tokenised onto some additional platform(s).
The New Roman Denarius is a "treasury based" asset, eligible for use in the "official treasuries" of other civilisations, Corps etc; the game can thus compute for it a value per token simply by adding up the total of the values of all the things in its "official treasury", thus avoiding dependence upon "price discovery" in "spot markets", which of course is extremely important given the current and expected dearth of players devoted full-time to arbitraging and market-making and so on thus the expected and expectable inefficiency of such markets which almost certainly almost inevitably makes them unsuitable for the purpose.
-MarkM-
If you like the idea of holding some Denarius, maybe it will interest you to know that Caesar and Tartacus, despite possible ideological differences (Tartacus is a wordplay upon the name Spartacus) have for years now been collaborating to launch a Roman civilisation in the Galactic Milieu's FreeCiv scale of play.
A civilisation whose currency is to be the New Roman Denarius (NRD), which currency has already for a long time now been implemented.
Because of course Proof of Work blockchains are ridiculously expensive media with which to implement a currency (all those third party minters, how is the civilisation expected to "back" IOUs issued by foreigners / aliens?) the base layer is the HORIZON platform, where 21 million NRD were issued.
The more convenient layer for non-players or players whose guild, party, clan or whatever (generically "group" hopefully eventually in some way to relate to GRouPcoin) has not deployed for their use a HORIZON node, and who choose not to deploy a personal one, is Stellar.
As usual, what is deployed on Stellar exists first on HORIZON, so that by looking at the "Stellar Holdings" account on HORIZON one can see how much of what has been tokenised onto the Stellar platform.
That is why the NRD token on Stellar has not minted a full 21 million yet; only such NRD as have actually been moved into the Stellar Holdings account need Stellar tokens to represent them so rather than minting the full 21 million then locking minting capability of the issuing account the Milieu takes the approach of using the size of the issued-to account's trustline to serve as indicator of how many in total were minted thus far.
The HORIZON platform however remains the canonical ledger, so for example when we start adding the DMDv4 platform a "DMD4 Holdings" account will be created on HORIZON and any assets minted onto DMDv4 will be moved into the DMD4 Holdings account just like currently assets minted onto the Stellar platform are first moved into the Stellar Holdings account on HORIZON.
HORIZON will thus continue to be where to go to find the total number of each asset that has been tokenised onto some additional platform(s).
The New Roman Denarius is a "treasury based" asset, eligible for use in the "official treasuries" of other civilisations, Corps etc; the game can thus compute for it a value per token simply by adding up the total of the values of all the things in its "official treasury", thus avoiding dependence upon "price discovery" in "spot markets", which of course is extremely important given the current and expected dearth of players devoted full-time to arbitraging and market-making and so on thus the expected and expectable inefficiency of such markets which almost certainly almost inevitably makes them unsuitable for the purpose.
-MarkM-
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