Profits and dividends information:
50% of the funds profits will be distributed as dividend, 30% is retained for reinvesting, up to 3% will be donated to NXT services. The rest will be the management fee (which also can be reinvested, if we think that it makes sense)
Also at least 5% of the future asset issues will be distributed as dividends, for most projects probably more. So the payout structure is mixed, asset holders receive NXT payouts as well as shares in the new projects. I think this is the best scheme which could be used for a blockchain based fund.
Topic: [PRE-ANN] Cryptoasset.fund - page 4. (Read 7773 times)
Review article about the fund:
http://nxter.org/cryptoasset-fund-launch-12-00-gmt-15-sept/
http://nxter.org/cryptoasset-fund-launch-12-00-gmt-15-sept/
Reviews of cryptoasset fund projects, both current and future, on NXT forum:
https://nxtforum.org/cryptoasset-fund-projects/
https://nxtforum.org/cryptoasset-fund-projects/
NXT Asset exchange Asset ID: 5562590132594876791
ICO will take place in a week at minimum price 10 NXT. Place your bids, if the total bid amount will exceed the number of available shares the sell price will increase.
ICO will take place in a week at minimum price 10 NXT. Place your bids, if the total bid amount will exceed the number of available shares the sell price will increase.
Great Asset 
I invested in the asset coinomat and MMNXT, I always get my dividend
I am ready for me
I am SuperHolder!
I invested in the asset coinomat and MMNXT, I always get my dividend
I am ready for me
I am SuperHolder!
The intention is to support key NXT ecosystem projects buy offering them assets at discount. I won't hold the asset, it is a community asset, it will be sold out completely.
We have made several AE launches already, so this one is going to be a perfect one.
I don't like assets where they aren't 100% sold to the public.
Keeping 10% is like a "golden parachute". Free money for people to dump if things take a turn downwards.
I would like to see the NXT raised in this "IPO" used for the purpose you intend to use the 10% premine on.
This looks good other than the 10% premine.
We have made several AE launches already, so this one is going to be a perfect one.
I don't like assets where they aren't 100% sold to the public.
Keeping 10% is like a "golden parachute". Free money for people to dump if things take a turn downwards.
I would like to see the NXT raised in this "IPO" used for the purpose you intend to use the 10% premine on.
This looks good other than the 10% premine.
I don't like assets where they aren't 100% sold to the public.
Keeping 10% is like a "golden parachute". Free money for people to dump if things take a turn downwards.
I would like to see the NXT raised in this "IPO" used for the purpose you intend to use the 10% premine on.
This looks good other than the 10% premine.
Follow Cryptoasset.fund on Twitter - https://twitter.com/crypto_fund
Cryptoasset.fund is a venture fund investing in cryptocurrency related projects.
It will serve as an umbrella fund for all Coinomat projects, both current and future.
At launch it will hold the shares in the following projects:
т˜… Coinomat.com (approximately 10%)
т˜… MMNXT (approximately 10% of the outstanding shares)
т˜… EIX (approximately 10% of the outstanding shares)
т˜… MMBTCD (~15% of the outstanding shares)
It makes initial Net Asset Value of the fund to be in the range of ~ 3 mil NXT.
MMNXT shares are "sleeping", that is the dividend is not paid to them. They will be released when MMNXT price reaches 2 NXT. All the other assets pay dividend.
There are several projects to be started in the upcoming months, the list is being finalized, the first three projects to be launched are:
т˜… Forkpay.net, merchant plugin for chrome/firefox, based on Coinomat API
т˜… Morze.us, cryptomessenger for open communication channels, supporting value transfer in the form of custom vouchers. Based on Coinomat API
т˜… Crypto DNS project, website will be online soon, DNS server plugin and domain registration system on blockchain. The service will sell, register on Namecoin and NXT blockchains custom crypto domains (such as .bit and .nxt) and will provide DNS server to resolve them (like google's 8.8.8.
If you want to cooperate with us on some projects or have ideas for new projects please let me know. Also if you want us to invest in your AE asset that can also be discussed.
There will be 1 million asset issued. 90% of assets will be sold during IPO on NXT asset exchange, which starts on September 15. Most part of the remaining NXT will be offered to key NXT community services with a discount or donated. I do not intend to hold a significant stake in the issue.
IPO will be made in a light form of reverse dutch auction. Starting from September, 7 potential shareholders will be able to put their bid orders on Asset Exchange. If the total demand for the asset exceeds the total supply the asset will be sold at the minimum bid price which satisfies the demand. Otherwise the asset will be sold at initial price of 10 NXT. It should guarantee more even distribution of the asset. Cryptoasset.fund asset will launched and managed based on our previous AE experience, and we'll do our best to make a perfect Asset Exchange asset out of it.
NXT Asset exchange Asset ID: 5562590132594876791
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