[Pre-ANN] Looking For Feedback - TriKey Asset



  • After snooping around these forums a little bit, and participating in some of the awesome assets already available I wanted give it a try as well. I wanted to do something 'Special', so this is what I came up with.
    this is my idea thusfar, I think it might be quite a leap, that's why Im asking you for some feedback ;P, in a nutshell;

    Total assets = 2.000.000
    Price = 10
    Escrow = 25%

    With the first 1million shares I plan to just buy HDD's for burst mining (150-200tb), I know this is plain and simple, but I feel like I need this as a basis for a stable way of generating dividents, may the other stages not pan out as well as I'd hoped.

    The next 500K will be used for asset holding to increase on the idea of 'stable income'. The portfolio currently is hard to predict, but will consists of different kinds of assets (Pools, mining, casino, etc) (It can also be turned into funding for stage 1 / stage 3, if these later turn out ti be better investments).

    Now this is where it might get crazy alright(I also might put this stage as 2nd, instead of the assets),
    The last 500k will be used to advertise a youtube channel which is based on psychology, and also includes some burst & crypto talk. I am like a week underway with this channel and creating these video's, so far it has 5 videos.
    Now the reason I have this as the last stage is cause of the fact that I want to first test the waters of the channel, and if it will actually take off. if by the time all the other shares are sold, and it still hasn't I'll convert the funds for advertisements to more assets/hdd, and make it like any other mining asset.
    but if does lift off, I think it will be able to create some great add revenue (which will be turned into burst), and even exposure for Burst as a whole.

    As of right now if any of you are interested on what kind of youtube channel it is and if it has a chance, you can check out my current video's here : https://www.youtube.com/ channel/UCc-e-uXpp05lJ5h3p3pOLSg (<-- Add these toghetter) . Now the video's can really be improved upon, but I tried my best for the first ones. :)

    I will start the mining farm but putting in 9tb of my own, which I will expand upon in the future aswell out of my own pocket. I'll also buy the first assets of the portfolio to het this started as well. I'm currently also in the progress of being verified by @Haitch

    Any feedback is really appreciated! Would you be interested in this? Or do you think it's too much of a 'Leap Of Faith' to be considered a worthy asset?

    Now as pointed out by sharp members of the community the idea of an escrow should have been included in the announcement, as well as reïnvestment-numbers. Personally I feel like I am not experienced enough to decide these on my own, and would like to decide these numbers with the community as a whole, as I'd like this whole asset to be run; by the community. Any ideas will be taken into consideration, and I will try to discuss this as well with more experienced asset-issuers.

    My idea is the following

    Payouts:
    70% weekly divident payout
    15% Reinvestment into assets
    15% Maintenance

    Escrow:
    Out of every share of 10 burst, 2.5 will be put into escrow (25%). As I am a new asset issuer starting a big journey in the world of Burst I feel like this should create a certain level of trust for the buyer.



  • It says the video does not exist. To really get this asset going you will need to get verified. Sounds good but you should already have a type of income going for people to invest.



  • @kmaxkmax Ohyeah I forgot to add that part, thanks for the quick reply !



  • You gave an evaluation of your asset which is comprised of nothing at this moment of 20 million burst you're asking for .14% of the coins out there.

    This alone is a huge red flag for me, as you expect the burst community to build upon you with little to no trust

    EVEN if this is just a preann, preprosal, assets need to be treated and structured properly

    You haven't taken the time to give us steps that you intend to take as a proper structure and or feasibility study towards this project. It's jumbled and you're asking for a crazy amount

    Are you planning on escrow?
    What percentage of what is going where?

    You haven't taken the time the dedication nor the proper steps to make this anything close to a legitimate asset

    I am sorry 🙏. I'm out and would suggest you stop this and go back to the drawing board. Im almost insulted we make assets without proper structure, it's like we're not even trying anymore

    I won't invest in someone who blantly hasn't invested his time in us enough to know what's up good luck. - G - out. Respect



  • #1 get varified , think about using the escrow service, # 2 you are asking for 20,000,000 burst witch is 14,500$ USD at current prices. #3 you have nothing to sell but an Idea at the moment and plan on using the funds from selling the asset to build the asset. wile i agree with using them to expand and asset you first need somthing in place built by you to sell and expand on. id sugest a valid starting point would be to alredy have 10% of what you value the asset in place and working.. make it easy pre purchase some TB's of HDD avrage selling price is 30$ USD per TB or have an small but profitable portfolio of burst Assets alredy pre purchased . that will give investers an incentive to buy.



  • if you dont have anything to start it with , run a crowd fund first for 2,000,000 thats the 10% take that and make your initial buy's get it set up and running so you can have something to show people along with some #'s as to what they can exspect.



  • @Gibsalot I agree with the steps and you're right, but I also disagree with the structure and how this is made I don't think assets like this with no real feasibility study made isn't the way to start a contribution to burst. Just terrible



  • i agree as well @dagentlemang for me thou its the varified , and selling nothing but an idea that cause an itch i cant scratch lol... but yes there are several other thing i feel an asset should follow befor i invest.



  • @Gibsalot said in [Pre-ANN] Looking For Feedback - TriKey Asset:

    #1 get varified , think about using the escrow service, # 2 you are asking for 20,000,000 burst witch is 14,500$ USD at current prices. #3 you have nothing to sell but an Idea at the moment and plan on using the funds from selling the asset to build the asset. wile i agree with using them to expand and asset you first need somthing in place built by you to sell and expand on. id sugest a valid starting point would be to alredy have 10% of what you value the asset in place and working.. make it easy pre purchase some TB's of HDD avrage selling price is 30$ USD per TB or have an small but profitable portfolio of burst Assets alredy pre purchased . that will give investers an incentive to buy.

    Thanks a lot for the feedback and suggestions! As stated in the initial announcement the verification process is currently underway. Escrow on the other hand is indeed not something I've considered as of yet, but I will make sure to include this information soon. as @dagentelemang indeed also pointed out totalling amount of 20,000,000 burst might currently be quite a long shot for a first operation and I should probably adjust the numbers accordingly. However I think the end result will achieve this value amount which is what I based it on. the amount of value the asset gains is the amount of shares people are willing to buy. if it won't go over 20.000 burst then that's an asset value of 14.50$. the value is determined by people's belief of the asset and willingness to buy it. I'm not asking for 14,500 straight up, I only set that as the maximum. but that's just my thoughts, I might be completely off.

    Now for the 3rd point you're adressing, I'm not sure if I caught that point correctly as I've said in the page that I'm offering the first bit of mining power, as well as started the youtube channel that will (hopefully) be the kicker of the asset. even though this thread is mostly about community feedback about my idea, I don't think ideas are the only thing i'm selling.



  • @dagentlemang said in [Pre-ANN] Looking For Feedback - TriKey Asset:

    You gave an evaluation of your asset which is comprised of nothing at this moment of 20 million burst you're asking for .14% of the coins out there.

    This alone is a huge red flag for me, as you expect the burst community to build upon you with little to no trust

    EVEN if this is just a preann, preprosal, assets need to be treated and structured properly

    You haven't taken the time to give us steps that you intend to take as a proper structure and or feasibility study towards this project. It's jumbled and you're asking for a crazy amount

    Are you planning on escrow?
    What percentage of what is going where?

    You haven't taken the time the dedication nor the proper steps to make this anything close to a legitimate asset

    I am sorry 🙏. I'm out and would suggest you stop this and go back to the drawing board. Im almost insulted we make assets without proper structure, it's like we're not even trying anymore

    I won't invest in someone who blantly hasn't invested his time in us enough to know what's up good luck. - G - out. Respect

    @dagentlemang I didn't mean for this to offend you in any way and I'm sorry it did.
    In this post I am simply asking for feedback from the community regarding my asset idea. Now I see your point that at this point asking for 20million burst might be a longshot, and should probably change those numbers for the potential official release. I want to make this asset WITH the community and therefor asking what the majority would prefer.
    Now I can't help the trust part, trust is something that has to be earned and unfortunately this can only be shown. all I can ask of you is trust.

    Now indeed I haven't put in the numbers regarding escrow or reinvestment/dividents and will make sure to include those.
    I do appreciate the feedback though, even if the formulation of if it is slightly hostile
    Thanks :)



  • @keyd0s I completely agree that the value of your asset is determined by us the community and our willingness to buy. I don't mean any malice i feel like you're just selling dreams and hopes I don't think my point in structure was taken seriously

    You hope
    you think
    you might
    You're not sure

    This is a mess and needs structure. Take a look at how assets that are successful and proven.

    Assets are not toys to simply play around with this is real world currency you're playing with and should treat it as such

    .14% of all coins deterred to a structureless assets your ideas are fine and have worked use them for an example please, and I would recommend reading around at assets with this very same issue



  • @dagentlemang definatly good points every asset issuer should view the asset as starting a Business because that is what they are doing. and the ones that will last and have strong investment show in the way they are structured and for me personaly i take a keen look at the overall wording and layout of a an {ANN} , {PreANN} it can give you an insight into the way the person behind it thinks.
    @keyd0s sorry yes you have 9TB's to put forth atm and thats somthing. personaly id like to see more up front thou. maby not in TB's but take the burst that 9TB's is mining and start gathering up lower cost asset's for the start of the portfolio. and i would def keep the portfolio up in front of the youtube channel as you alredy have it up and running it just needs refined and can potentialy self fund if people like the content you post. as for the asset portfolio. i know you dont have a brakedown of it yet but in the long run id def diversify not just in multiple assets but in types of asset's mining based, pool fee , gambling, mining othercoins to sell, multi source like your's... ect do your research but lots of people can give you advise based on there personal results.



  • @Gibsalot Thanks for the feedback !
    I like how thanks to you guys I have already improved on the initial idea. @dagentlemang was kind enough to help me out with setting up the main structural parts of the asset. we'll see this baby running in no time!
    Cheers!



  • Unless you have been verified and have insurance through @haitch I will not be buying your asset. Sorry, but with the recent asset concerns, I just lost all trust in people showing up, trying to create an asset, without little to zero risk.



  • Looking for verification also. I like to read about a contingency plan also, in the event something happens to the asset issuer. Insurance is a plus also.



  • Hello Socalguy, I just launched an asset MBS1001, could you tell me about the insurance you mention? I am very interested in my asset, thank you.





  • @socalguy said in [Pre-ANN] Looking For Feedback - TriKey Asset:

    Unless you have been verified and have insurance through @haitch I will not be buying your asset. Sorry, but with the recent asset concerns, I just lost all trust in people showing up, trying to create an asset, without little to zero risk.

    A totally understandable position. I have already given my information to haitch. all that i can currently do about this is to wait it out. But it will be done once the official release rolls out!