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SPECULATE.XCP - Weekly Payouts!

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  • Goefells

    Will send some mBTC for this :)

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  • Invullx

    @cryptonaut 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 XBTC interest every saturday 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 XBTC.

    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 100,000 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 XBTC, 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, a community decision could be made to issue additional tokens and expand the fund further.

    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 XCP to the funding address: 1DmQxBqx7QTuZ4D4yv3tpebbAGa4cpiqAk
    • Wait up to 24 hours (usually a lot faster) to receive your SPECULATE tokens.
    • Enjoy your weekly earnings!

    Tokens given for XCP contributions will be based on the latest BTC/XCP exchange rate.

    General Info

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

    What is the difference between this asset and EARNFREEBTC?

    Hello

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  • Invullx

    @cryptonaut Is it possible to use LTBCOINS to invest? Based on melotic exchange price perhaps...

    Hello

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  • Cryptonaut

    @invullx did you actually read the original post in this thread, and the one in the EARNFREEBTC? EARNFREEBTC represents weekly profit made by a specific website. SPECULATE is an "investment fund" which invests money in various projects for interest and dividends.

    Sorry, no LTBCOIN being accepted for investment for this at the moment. I dont want to end up having people sending me 10s of thousands of LTBc and then theres not much I can do with them investment wise besides dump them on the market for BTC right away,

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

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  • Invullx

    @cryptonaut @invullx did you actually read the original post in this thread, and the one in the EARNFREEBTC? EARNFREEBTC represents weekly profit made by a specific website. SPECULATE is an "investment fund" which invests money in various projects for interest and dividends.

    Sorry, no LTBCOIN being accepted for investment for this at the moment. I dont want to end up having people sending me 10s of thousands of LTBc and then theres not much I can do with them investment wise besides dump them on the market for BTC right away,

    Ok. I actually did read the OP, but wasn't too sure what kind of investment you were talking about...

    Hello

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  • Cryptonaut

    @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!

    Fair enough, no worries. To be honest, there is no insurance regarding me disappearing or running away with the money or something like that. There is some trust required still... and im not sure how it would be possible to set things up in such a way that I couldnt sell off or withdraw assets into my own pocket if I really wanted to, mainly with the stuff that is off-blockchain on central services like Havelock investments and Cryptostocks.com. Perhaps in the near future when something blockchain based like Counterparty totally overtakes the "crypto-securities" scene, then all assets could be secured in some sort of transparent multi-sig setup. We will have to see. This is largely an experiment, so as always, don't invest more than you can afford to lose :)

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

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  • Cryptonaut

    first weekly payment made with the full 100,000 tokens and re-investment in place. 0.045 BTC in income received, 61% reinvestment this week and 0.68 new BTC raised.

    This week is actually probably going to be the cheapest week ever to purchase tokens. Price dropped a lot but from here on out it will pretty much always increase (along with the payouts) unless we lose a major source of dividends / income or something. If the rest of the tokens get bought up really fast at these low rates, I might have to issue some more to keep this going.

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

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  • MikeJohnson

    I am thinking it is finally time for me to get in on this action. COIN WHALE.XCP this week and now I'll have to pick up some SPECULATE.XCP.

    Adding picking this up to my to-do list :)

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  • Halo

    @cryptonaut first weekly payment made with the full 100,000 tokens and re-investment in place. 0.045 BTC in income received, 61% reinvestment this week and 0.68 new BTC raised.

    This week is actually probably going to be the cheapest week ever to purchase tokens. Price dropped a lot but from here on out it will pretty much always increase (along with the payouts) unless we lose a major source of dividends / income or something. If the rest of the tokens get bought up really fast at these low rates, I might have to issue some more to keep this going.

    Was their original value pegged to the price of the underlying assets at the time of issuance? So are the majority of the investments losing value?

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  • Cryptonaut

    @halo

    @cryptonaut first weekly payment made with the full 100,000 tokens and re-investment in place. 0.045 BTC in income received, 61% reinvestment this week and 0.68 new BTC raised.

    This week is actually probably going to be the cheapest week ever to purchase tokens. Price dropped a lot but from here on out it will pretty much always increase (along with the payouts) unless we lose a major source of dividends / income or something. If the rest of the tokens get bought up really fast at these low rates, I might have to issue some more to keep this going.

    Was their original value pegged to the price of the underlying assets at the time of issuance? So are the majority of the investments losing value?

    No, its determined by the latest weekly payout. The formula is: (last weekly dividend payment per token) X (32 weeks). The previous weeks payout (week #1) was made before the full 100,000 tokens were issued (around 25,000 issued before) as well as with 0 re-investment, so the per-token payout was more - and thus the price, even though more income was generated this week. The actual value of all the assets owned by the fund somewhat exceeds the amount that has been invested so far, due to a few asset/token donations by myself and a few others.

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

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