Announcement: NFDNxtty Special DividendNxttycoin is still running its 5% end-of-month bonus program! To be honest: when I first composed the terms of this Asset, I forgot to mention it. In fact, when it came in on Jan. 4th, I didn't even see it: I thought it was the result of one of my spread trades.
The
NFDNxtty_Dedicated_Account received the bonus on January 4th: 9922 Nxtty in an asset transfer.
Transaction 10360807031601741730.
This bonus, I am passing on to all NFDNxtty holders in the form of a Special Dividend payable in NFD.Since I missed it when it came in, I'm assigning a value of 0.03599 Nxt per Nxtty for this dividend. That's equal to the January 4th high, so I can be sure it was the ask. 9922 * 0.03599 = 357.1 Nxt. Following the same procedure, I'm assigning a Nxt value of 6410 satoshis to the dividend because that was the Jan. 4th high of the day on Bter. NFD's ask stayed at 2 satoshis that day.
So, the
NFD value of the bonus is 357.1 * 6410 / 2 = 1'144'505.5 NFD. Since there are 100'000 units, each unit of Nxttycoin is entitled to
~11.5 NFD per unit as a pass-through of the bonus.
So: I hereby declare a special dividend of 11.5 NFD per unit of NFDNxtty.
If you snuck a look at the
NFDNxtty_Dedicated_Account block explorer page and looked at the bottom, you'll see that its current holdings of Nxttycoin is 238'500. This figure means that NFDNxtty is now backed x 2.38.
I started off on Dec. 17th, 2014 by transferring
200'000 Nxttycoin plus
6 Nxt to the NFDNxtty_Dedicated_Account. Except for the
registering of an Alias, an arbitrage maneuver through Bter between
December 17th and
18th Eastern time, a second arbitrage play that was
initiated on December 18th and
completed on December 19th, a
withdrawal of 11 Nxt to the
dedicated account for
NFDSupeNet,one
Asset Transfer of 1000 Nxttycoin to the NFDNxtty_Dedicated_Account on December 27th which seems to be a tip for my patter here on this thread, the
Jan. 4th transfer of the 9922 Nxttycoin bonus, and a mistaken transfer that I sent back to the sender plus 1 Nxt for the fee, all my Nxt and Nxttycoin transactions in the NFDNxtty_Dedicated_Account have been a whirl of bids, asks and cancellations. You can check this yourself by going through all my transactions
for the account. The transactions list is near the bottom of the page.
All transfers in, except for the one I sent back, total 200'000 + 1000 + 9922 = 210'922.
But, as I noted above, the current balance of the backing account is 238'500. The difference between the two - 27'578 - came entirely from my spread trading And, despite me spending ~150 Nxt in fees, the Nxt balance in the account is slightly more than what I started with.
As I write this, the backing account is almost three weeks old. In these three weeks, I've increased the backing account's Nxttycoin balance by 13% solely through spread trading. Thirteen percent in three weeks, all of which you can
verify at the Nxt Block Explorer.
That's not bad! Despite the fact that I'm concentrating on accumulating rather than keeping an even keel, and got dragged down by Nxttycoin's downturn on the Nxt AE, I seem to have a hidden knack for spread trading.
Thanks to everyone who bought NFDNxtty, and thanks for reading my reports.