The listing guidelines on Bittrex are extremely tight, and I'm afraid that it may classify Omicron as a security (even though it isn't one). Bittrex doesn't lists currencies it deems as a "security".
I would like to inform you all that although the exchange matters on the price performance and the volume of a currency, the biggest influence on the value of an asset is the substance backing it. You can have a coin sitting on Poloniex, but its value will stagnate if there is nothing on the table for investors.
In the case of Omicron, it brings a strong buying incentive as the stake required to receive dividends is quite sizeable, and the only means for new investors (or old investors to increase their position) to enter the market is to buy from an exchange, no matter how big or small the reputation of the business may be.
I have a feeling that through positive yields on biweekly dividends, we will pave our own path towards a massive and successful cryptocurrency investment project. Many big exchanges used to be very small. They all started somewhere. What brought them popularity and fame? Successful altcoins. Successful coin projects is what brought the volume and userbase to the big exchanges we see today. Who thinks that Omicron has the chance to turn a small exchange into a high-volume giant? Some food for thought.
Those are nice thoughts indeed. However to achiev that we need to be patient and see some solid bi-weekly payments. When shareholders get reasonable biweekly dividends people will understand the value of this fund.
The only thing I expect from you Gladimor is to publish some numbers and share the unsold coins address so other people can trust this fund too.
After all there are only 18k coins on sale at Yobit, if someone wants to buy them all, he wouldn't even get very high share anyway. Good to see investors are more interested in biweekly funds than small term profit.
Indeed. The only reason I'd like to see OMC listed on a second exchange is redundancy. It doesn't even have to be a large one, just one that can be expected to stay around for a while. Another issue with Bittrex, and C-Cex as well (I don't know how it is with Polo), is they quite enforce their requirement of a minimum trading volume to stay listed after the initial grace period. OMC isn't a coin whose purpose is on transactions. So while some investors are looking for trading opportunities most coins, hopefully since it means good dividends are paid, are dormant or staking securely in personal wallets which means 0.2 BTC volume a day might not come easily to OMC and, unusually, for OMC less volume can be a good sign.
That brings me to another thought:
If things turns out good and people stick to their OMC, should Gladimor unlock unsold coins to sell them on the market if there are not enough sale offers at a sensible price to allow new investors to qualify for dividends?
If not the price has a better chance to skyrocket but while it looks good to see the investment value skyrocket it's a bit of a one time plus. After all you'll have to leave OMC to profit fully. Then it quite likely puts off possible investors that are not so hot on waiting indefinitely for buy offers to fill. Then selling coins would allow further money to enter the trading fund with less coins attached to it, given the sale price is above IAO price. I believe long term that could do better than an exit chance with even a very big nice cherry on top.
Now what would be a sensible price and what should be additional rules?
Well, my idea would be
-not selling below twice the IAO price, so lets say 0.00025 BTC per coin minimum
-not more than 25k-50k offered at a time, depending on the number of markets OMC is listed
-the 'sensible price' in my eyes would be 10k coins available in the range up to 4 times the price of the lowest sell offer and those 4 times the lowest sell offer would be the price to place the additional coins at. That would put a damper on things like price rising 1000% stuff but on the other hand I would already think at least twice if I possibly have to buy for a price 4 times the current selling price and I consider it already a bit high, perhaps too high
-I don't want to set a rule how often the markets should be checked or open orders adapted to new circumstances