Because of the nature of the original contract between myself and Synergy's underwriter, it was no longer in my best interest to continue operating Synergy. Because of this, we have performed a buyback of all bonds as per the contract, at 105% the 30d average price.
I'm going to keep the ticker alive but inactive on BTC-TC, in case I want to issue mining bonds under a new contract in the future.
Best,
Garrett
Code:
Public Contract:
The holder of this bond will receive as coupons a number of Bitcoins equivalent
to 100% PPS output of one million hashes per second for the duration of time the
bond is held. All coupons will be paid on the Saturday of each week for the
previous seven days of mining. This bond is 100% underwritten by a private
investor. If operation is ceased at any time, during the same week the Investor,
not the Manager, will repurchase all bonds at 105% the 744 hour average price.
The holder of this bond will receive as coupons a number of Bitcoins equivalent
to 100% PPS output of one million hashes per second for the duration of time the
bond is held. All coupons will be paid on the Saturday of each week for the
previous seven days of mining. This bond is 100% underwritten by a private
investor. If operation is ceased at any time, during the same week the Investor,
not the Manager, will repurchase all bonds at 105% the 744 hour average price.
