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SPECULATE.XCP - Weekly Payouts!

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Cryptonaut

Update:

The SPECULATE investment fund project is officially going on hiatus indefinitely. You may sell back your tokens for a limited time on the buy-back swapbot here: https://swapbot.tokenly.com/bot/cryptonaut/speculate-buy-back-bot#choose

Thanks for playing everyone!

Tip: Keep at least 1 of your SPECULATE tokens and you can get access to an exclusive community on https://tokentalk.org (sign in with your LTB/Tokenly account)

Original Post:


Hey everyone.

I am officially announcing a new experimental token based off of Counterparty called "SPECULATE". SPECULATE is a token which represents a community "crypto-asset" investment fund and pays out BITCOINEX interest every monday based on the earnings during that week. The basic idea is that funds are used to buy up "crypto stocks" and various other tokens (like on Counterparty), usually ones that pay out some sort of weekly, daily or monthly dividend. Including cloud mining and day trading operations, website profit sharing and other projects / ventures. Income received from investments is paid out once per week in the form of BITCOINEX.

This project is formed out of the ashes of my previous "investment fund" project, PETAMINE. If you had any PETAMINE tokens previously, you should now have an equal amount of SPECULATE tokens as well, and all funds received from that project have moved into bootstrapping this one.

In addition to receiving weekly payouts, holding any SPECULATE tokens also gives you access to the private "SPECULATE Crypto Fund" forum on LTB.

How does it work, what's the deal?

There are 310,000 total units of SPECULATE in existence. Every week, all income received from our various investments is added up and paid out to any address that holds some tokens. Payouts are made in the form of BITCOINEX, which is a Counterparty token directly convertible 1:1 with Bitcoin, and has the advantage of allowing dust payments (receive payments down to 1 satoshi) and easier / cheaper trading on the decentralized exchange (DEX).

In addition to the weekly payouts, every week a certain amount of the total income earned is reinvested back into the fund (typically to buy more shares in something). This percentage depends on how many unsold tokens there are. For example, if only 25,000 of the 100,000 tokens have been sold, then 75% of the weekly payouts are directly re-invested (because 75% of total payout goes back to the main holding address). If 50,000 tokens sold, then only 50% reinvested, and so on. If all 100,000 tokens are sold, then there is no reinvestment. At that point, 10,000 new tokens are automatically issued, slowly increasing the total supply.

After every weekly payout, the "base price" of the token changes, depending on how much the latest payout was. This is the price that you can directly purchase tokens for. The weekly price formula is as follows:

(last weekly payout per token) X (32 weeks)

Example: weekly payout of 0.00000200 XBTC per token = new price of 0.000064 BTC per new token.

In theory, as more tokens get sold, more BTC can be invested in projects, which increases the weekly dividends and in turn increases the price every week.

Ok, so how do I get started?

  • Make sure you have your Counterparty compatible wallet setup (http://counterwallet.io/)
  • Fund your wallet and then send any amount of BTC, XBTC or BITCOINEX to the funding address: removed, discontinued
  • Wait at least 1 block confirmation and your SPECULATE tokens should be sent to you - note that this occasionally takes longer. Contact me if it's taking too long.
  • Enjoy your weekly earnings!

General Info

Questions, concerns? Let me know. I will try and update this topic as frequent as I can.

Chief Architect - Let's Talk Bitcoin!
Co-Founder - Tokenly
Owner - IronClad Web Technologies
BITCOINEX - SPECULATE - EARNFREEBTC - BOOKKEEPER - IRONCLADWEB
Adbit.co Bitcoin Advertising

4 likes
  • buttonpincher

    Have you considered adding this to MasterXchange?

    Permalink
    1 like
  • crosgran

    do you know how a minimum funding how BTC?

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    1 like
  • Cryptonaut

    @buttonpincher Have you considered adding this to MasterXchange?

    Havnt thought about that yet no

    @crosgran do you know how a minimum funding how BTC?

    There is no minimum

    Chief Architect - Let's Talk Bitcoin!
    Co-Founder - Tokenly
    Owner - IronClad Web Technologies
    BITCOINEX - SPECULATE - EARNFREEBTC - BOOKKEEPER - IRONCLADWEB
    Adbit.co Bitcoin Advertising

    Permalink
    1 like
  • irnhnve

    Alright looks like I've got a little skin in the game now. I'm actually more curious to see if this will break even on my initial investment.

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    3 likes
  • Invullx

    Just wondering how much is this coin paying off?

    Hello

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    1 like
  • Cryptonaut

    @bitmaster Just wondering how much is this coin paying off?

    What do you mean? This just started.. all the details are in the thread.

    Chief Architect - Let's Talk Bitcoin!
    Co-Founder - Tokenly
    Owner - IronClad Web Technologies
    BITCOINEX - SPECULATE - EARNFREEBTC - BOOKKEEPER - IRONCLADWEB
    Adbit.co Bitcoin Advertising

    Permalink
    1 like
  • Invullx

    @cryptonaut

    @bitmaster Just wondering how much is this coin paying off?

    What do you mean? This just started.. all the details are in the thread.

    Just couldn't access drive.google.com for now. Also I posted on applying for a global mod.

    Hello

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    1 like
  • hotarugrey

    is there any chance that we could use LTBcoin for this investment? i thought it may be good if there is an investment program that using LTBcoin for fund.

    tip me : 1GoVbdSUuKBKNvtNPXmwdLmNZxxYBDPFkP

    Zen goes down, Zeus goes up ZeusHash

    genesis-mining get 2.5% discount on purchase with this code : mcCaYI

    do you klnow that you wont get a lot of LTBc by spamming? instead you'll get spam flag and that will only decrease your payment.

    get yourself used to read before ask

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    1 like
  • Cryptonaut

    @hotarugrey is there any chance that we could use LTBcoin for this investment? i thought it may be good if there is an investment program that using LTBcoin for fund.

    I havnt really decided wether to take LTBcoin or not. Not too sure if its a good idea.. SPECULATE tokens would be bought up, but there isnt really much that ltbc can do to help improve income, so it would likely need to be dumped for BTC. If everyone starts moving all their LTBcoin to SPECULATE, might not be so good for the LTBc price lol.

    Chief Architect - Let's Talk Bitcoin!
    Co-Founder - Tokenly
    Owner - IronClad Web Technologies
    BITCOINEX - SPECULATE - EARNFREEBTC - BOOKKEEPER - IRONCLADWEB
    Adbit.co Bitcoin Advertising

    Permalink
    1 like
  • arturodelia

    Looks interesting. Can you explain as well, to help ease concerns of security (for those who don't know), that how this fund works to ensure that if something were to happen to you, and you are not managing the fund anymore, how would investors retrieve their funds? As well, how have you set it up so that you cannot withdraw the assets for yourself and take off with it. Not accusing you of planning this, just I know this is an important topic to always address. Thanks!

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