Vector by FrilledShark



  • Vector Asset

    Vector is a asset trading asset. It will place buy orders and sell orders on assets and help to promote the trading of assets. The asset will pay 75% of its earnings and 100% of its assets dividends, as monthly dividends. The last 25% is going to be reinvested.

    Vector will start price at 15 burst each. Each month it will increase the issued price on the asset by 1 and update the amount of asset issued from the asset holder to 100'000.

    Vector will buyback all assets, the price that Vector will buyback at, is determined by: current price of asset issuer/2. The asset will buyback max 50'000 assets monthly, with only 10'000 locked at any given moment. If Vector dies or the creator lose the interest, it will buyback at highest issued price. (If it is able to)

    Vector will place buy and sell orders on assets, the buy and sell orders will be 1 burst apart. If more people place buy or sell orders on vector it will adjust it's prices, to promote other peoples use of the asset exchange.

    Stats
    Name: Vector
    Asset ID: 4166893642908831356
    Total Shares: 1'000'000
    Dividends: Monthly

    ! ! !
    If the market demands a higher price then expected, the price pr Vector will rise.
    Vector won't trade with assets, where a big amount of the assets is placed on the marked by the asset issuer. (cheap)
    I hold the rights to profit from 5% of the assets earnings at any given time.
    I hold the rights to edit the terms of Vector.



  • This month vector has taken a hit. The asset exchange has seen a reduced trading volume. Vector depends on people using the asset exchange (Income and ByteEnt). We are looking at a payout at 41 402 burst, this is 10 000 burst less then last month, but with more investors. I'm hoping for a better future.

    I will be paying a bounty for a script or another solution to a more automated Vector.
    It's a very simple script, with a input of a buy price, sell price, amount and asset id it should create buy orders and sell orders. I will be paying, in Bitcoin or Burst. You choose. Contact me before accepting, so we can negotiate a price.

    More information
    https://bitcointalk.org/index.php?topic=1377731.new#new



  • It's actually quite a funny story...

    I was placing buy and sell orders on the exchange and i forgot to edit the price of the asset. Both of the transactions is with me, so no damage happened. Keep this in mind when looking at the block explorer. It looks like ByteEnt has 1 666 650 burst today. This number is only 1 093 350. I missed some numbers and pumped ByteEnt with around
    573 300 burst.

    My bounty is still open and this is one of the reason I would like to pay money for a better way to trade on the asset exchange. I will do my best to not let this happen again, but i can't promise anything.



  • Dividens have been sent and we have paid a total of 65 44,60 Bursts.
    The individual payout can be seen here https://docs.google.com/spreadsheets/d/1e42TGRR_PK3894pJ271IQr31ISR-MpWjADvEO9VwbVg/edit#gid=890329953
    I have changed the sheet a bit. I have removed share holder and will now be keeping a history of PPA (Pay per asset) instead. This is because i have changed my dividends to the script instead of doing it by hand.

    I will post a big ANN to Vector later today. This will be posted together with Margin dividends.



  • I have now paid dividends. My script played a april fools on me, I got a error message saying that it didn't payout correctly. If you didn't get payout, plz contact me and I will send a refund. I'm pretty sure everyone got their part, but it wouldn't hurt if you check a extra time. Check if it match the below table.

    Vector (4166893642908831356) Total found assets: 1000000, Assets to be distributed: 118214
    Summary of proposed distribution of 68524.25BURST to 19
    Based on asset holders at timestamp 51775751 (Thu, 16 Jul 2015 18:09:11 GMT)
    ----------------------.
    Number of assets, Account, Payout amount
    50487, BURST-ACGB-YGHQ-G9ZL-5XD7U, 29265.43226479
    20121, BURST-79PK-DGC2-M4XP-HUAVB, 11663.39379642
    12716, BURST-G5EG-7MQ2-QJJ9-7VRCG, 7370.99127853
    9575, BURST-7MYH-PHEM-2AHJ-C6TX5, 5550.27064265
    6461, BURST-QUZQ-LMPD-KBWS-EC5FT, 3745.20090049
    5000, BURST-FLWM-RWJJ-8XBF-74Q5U, 2898.31365151
    3333, BURST-2QJP-325P-CSV5-3SG92, 1932.0158801
    3300, BURST-UADJ-9AFK-Q62J-5YV2K, 1912.88701
    3000, BURST-SANZ-WDBE-TM79-2N3DP, 1738.98819091
    1501, BURST-GGPX-PP5S-LAGP-CBGCU, 870.07375818
    1500, BURST-YZJ6-LYBY-WAC6-BQYGC, 869.49409545
    500, BURST-SARW-AZYD-WB2R-8S2NS, 289.83136515
    455, BURST-PMVC-387U-LG6C-FUMVY, 263.74654229
    122, BURST-YCZP-KEA3-D2WP-CYDSP, 70.7188531
    100, BURST-KJ7M-RXRK-WNUL-8PZ8H, 57.96627303
    20, BURST-8V9Q-RWD8-2XCF-CLYWW, 11.59325461
    10, BURST-83BD-TN5M-DYNV-6XXR4, 5.7966273
    10, BURST-SJ6W-22VW-NJ89-DN9DZ, 5.7966273
    3, BURST-QZKU-87FZ-WJTX-2QNYK, 1.73898819

    http://pastebin.com/CT28Yn3x



  • 1: I won't be updating my google sheet anymore, it requires too much work and the exchange volume has dropped like no ones business.

    2: Payouts, Yeah!
    http://pastebin.com/XwWjiN3x
    It has been a very bad month, 100% of this month's earnings has been yesterday, where I sold some of the new asset at 29 burst each. (I got them at 24 burst each).



  • It has been a very bad month, people have bought a lot of assets, nobody are selling.
    We managed to earn a little bit in the start, so that's all I got.
    http://pastebin.com/Vju6G8Ju
    I'm super sorry and disappointed, but there nothing I can do. I really hope the asset marked gets more fluid and more people are on both sides (selling and buying) instead of only being on the buying side.



  • I would like some input about what to do. The asset exchange is really bad, because nobody are selling anything. People are only buying and keeping their assets. This defeats the purpose of Vector. I would therefore know what I should (because I will always listen to you guys.). I can still payout 7k burst, but that is just too little to make any sense. We could also merge Vector with Margin, (but we are going to suffer some losses) or continues and hope for the best.

    In case I get no input, Vector will continue to live along.



  • @FrilledShark said:

    I would like some input about what to do. The asset exchange is really bad, because nobody are selling anything. People are only buying and keeping their assets. This defeats the purpose of Vector. I would therefore know what I should (because I will always listen to you guys.). I can still payout 7k burst, but that is just too little to make any sense. We could also merge Vector with Margin, (but we are going to suffer some losses) or continues and hope for the best.

    I am a long term investor, so I'm in that crowd that likes to hold on to good investments. I'm not a daytrader parse anymore. Even H4 trades I let them run their course and that could be days or weeks before I decide to take profit. I will look into your Asset with the hopes that others will invest and then once things get moving sell some for profit.

    For me as long as an investments breaks even or makes some profits
    I will stick with it. I know that not the answer you were looking for but it is my reality.

    In case I get no input, Vector will continue to live along.



  • @FrilledShark BTW Which Assets are you buying to add value to the Vector Assets?



  • @FXALTareeq Vector is currently buying all assets release by @crowetic and holding (too many) assets by @IncomeAsset.



  • @FrilledShark When do you pay out?



  • @mathew
    I'm not sure, because the payout is really too small to do anything with. If someone would begin to bring life back to the asset exchange we might possible see a more consistent payout.
    There isn't anything I can do about, other then say people should sell and buy more from the exchange.



  • We have earned a total of 1 772 200 Burst this time. I will be forwarding about 70% to next month, so we can keep paying an amount which is worth it. This means we are going to send 398 745 Burst out to you guys!

    http://pastebin.com/13qRh6Py



  • Received! Thanks, nice payout



  • @FrilledShark That's an amazing payout! Way to go 🙂



  • I would like for everyone to stop pumping Vector. I still need to distribute 800 000 assets and I'm not going to do it at 100 burst each. It is too high for an asset like vector.

    I would like some input on what price I should sell the last assets.



  • @FrilledShark said in Vector by FrilledShark:

    We have earned a total of 1 772 200 Burst this time. I will be forwarding about 70% to next month, so we can keep paying an amount which is worth it. This means we are going to send 398 745 Burst out to you guys!

    http://pastebin.com/13qRh6Py

    I'm not sure that it is pumping what is happening. If the payout last time was correct, and you'll be forwarding the 70% to next month/months (keeping the payout the same for at least 2 months), it means you are by far the best paying asset at the moment.

    With that being said, I don't think the market is very far off as to the price it has set. But this is al just based on the opinion of me on some stats I have accumulated. Please correct me if I am wrong..



  • @BurgerBaron
    I will be forwarding a lot of burst this month as well. The only reason I got that many was pure luck (and 3.14% luck). I won't be able to continue with that good a payout, but I will make sure to forward a lot of burst each month so we can continue paying.

    I just want to say it so everybody knows. I won't release Vector at above 65 burst and I still need to release 800 000 Vector.

    I will also be releasing an auction soon about selling Vector's 26 059 Income assets. They will simply go to the highest bidder. (What ever that is going to be). Any person holding more then 10 000 Vector or 20 000 Margin gets 20% rebate of their bid. More information coming soon.



  • @FrilledShark Imho, maybe a bit undervalued but 65 would be a very fair price.