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SPECULATE.XCP - Weekly Payouts!

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  • TripleZ

    Hello Cryptonaut,

    I invested some btc in SPECULATE and received my first dividend ! Sweet !

    I'm quite new to cryptos assets and I was wondering if you could explain a little bit more on how you build this asset ? I have few questions, if you don't mind...

    • How did you choose the total number of units, why 100 000 ?

    • Same question about the ratio of re-investment, why 75% if 25 000 token sold and do on ?

    • How did you come with the formula for the price change (last weekly payout per token) X (32 weeks) ?

    Thank you very much for your help !

    zzZ

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  • Cryptonaut

    @triplez Hello Cryptonaut,

    I invested some btc in SPECULATE and received my first dividend ! Sweet !

    I'm quite new to cryptos assets and I was wondering if you could explain a little bit more on how you build this asset ? I have few questions, if you don't mind...

    • How did you choose the total number of units, why 100 000 ?

    • Same question about the ratio of re-investment, why 75% if 25 000 token sold and do on ?

    • How did you come with the formula for the price change (last weekly payout per token) X (32 weeks) ?

    Thank you very much for your help !

    zzZ

    No problem, thanks for playing!

    • 100,000 mostly just seemed like a good round number. Originally, we were actually using a different token called PETAMINE which only had like 24,000 tokens at the end of it and used a different investment scheme (new tokens were created for every new investment). SPECULATE was at first going to use this same scheme, but then it was decided to just issue a whole bunch at once instead. 100K seemed like a reasonable number which would not dilute the current token holders way too much
    • The investment rate has to do with how many unsold tokens there are. So for example, if 25,000 tokens are sold, that means 75,000 are sitting unsold in the investment holding address. When a dividend is made, it sends out the per-unit amount to anyone with tokens regardless of the address, which means that the address that holds those 75,000 unsold tokens ends up getting 75% of the total dividend paid out. Thus, not much else to do with that extra amount besides re-invest it
    • The price calculation is based off of estimated return on investment. 32 weeks is 8 months (which seemed like a reasonable amount of time to me), so that means if you buy some tokens, as long as the dividend stays the same or higher than when you bought, then you should be able to make your ROI within that 8 months.

    Does that all make sense to you?

    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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  • TripleZ

    Thank you very much for your answers. Yes, it makes sens to me, I understand.

    I have one question that I forgot to ask :

    • How did you choose the starting price, the initial value of the asset ?

    Have a nice day !

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  • JayeK

    @cryptonaut

    @triplez Hello Cryptonaut,

    I invested some btc in SPECULATE and received my first dividend ! Sweet !

    I'm quite new to cryptos assets and I was wondering if you could explain a little bit more on how you build this asset ? I have few questions, if you don't mind...

    • How did you choose the total number of units, why 100 000 ?

    • Same question about the ratio of re-investment, why 75% if 25 000 token sold and do on ?

    • How did you come with the formula for the price change (last weekly payout per token) X (32 weeks) ?

    Thank you very much for your help !

    zzZ

    No problem, thanks for playing!

    • 100,000 mostly just seemed like a good round number. Originally, we were actually using a different token called PETAMINE which only had like 24,000 tokens at the end of it and used a different investment scheme (new tokens were created for every new investment). SPECULATE was at first going to use this same scheme, but then it was decided to just issue a whole bunch at once instead. 100K seemed like a reasonable number which would not dilute the current token holders way too much
    • The investment rate has to do with how many unsold tokens there are. So for example, if 25,000 tokens are sold, that means 75,000 are sitting unsold in the investment holding address. When a dividend is made, it sends out the per-unit amount to anyone with tokens regardless of the address, which means that the address that holds those 75,000 unsold tokens ends up getting 75% of the total dividend paid out. Thus, not much else to do with that extra amount besides re-invest it
    • The price calculation is based off of estimated return on investment. 32 weeks is 8 months (which seemed like a reasonable amount of time to me), so that means if you buy some tokens, as long as the dividend stays the same or higher than when you bought, then you should be able to make your ROI within that 8 months.

    Does that all make sense to you?

    Sort of off topic and not specific to SPECULATE, but do you mind if I ask a question regarding pay distribution.

    When you issue an asset, do you do so from another address separate of the say 75,000 token holder addy? I wasn't sure how it worked and assumed if the assets were issued from the main addressed holding the bulk of tokens none would be returned since it's the issuing address? am I wrong?

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  • Cryptonaut

    @jayek do you mean the dividend payments? In the case of SPECUALTE, token ownership and dividends comes from the same address that holds the unsold tokens (e.g 75,000), but it doesnt have to be - I could hold the unsold tokens somewhere else if I want. With dividends though, you can only send them out from the ownership address (the address that controls issuance, can lock the asset, change description etc.)

    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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  • JayeK

    @cryptonaut @jayek do you mean the dividend payments? In the case of SPECUALTE, token ownership and dividends comes from the same address that holds the unsold tokens (e.g 75,000), but it doesnt have to be - I could hold the unsold tokens somewhere else if I want. With dividends though, you can only send them out from the ownership address (the address that controls issuance, can lock the asset, change description etc.)

    For an example say I issue 100 tokens via dogeparty and want to pay out each token holder in XDP. If the address that's distributing the payout holds 50% of those tokens will a payout come back to the issuing addresses as well? Make sense?

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  • Cryptonaut

    @jayek

    @cryptonaut @jayek do you mean the dividend payments? In the case of SPECUALTE, token ownership and dividends comes from the same address that holds the unsold tokens (e.g 75,000), but it doesnt have to be - I could hold the unsold tokens somewhere else if I want. With dividends though, you can only send them out from the ownership address (the address that controls issuance, can lock the asset, change description etc.)

    For an example say I issue 100 tokens via dogeparty and want to pay out each token holder in XDP. If the address that's distributing the payout holds 50% of those tokens will a payout come back to the issuing addresses as well? Make sense?

    Right. Yes, sort of. With a "dividend" transaction in counterparty, it's not actually sending outputs to every address (if you look at the actual transaction on the blockchain, it just looks like coin dust being sent to 3 random addresses). Instead, it posts publicly on the blockchain "0.001 XCP per token in dividends has been paid to any address which holds X token as of block #332363". Since counterparty actually uses its own database, it just reads this happening on the blockchain and adjusts its internal balances accordingly

    Example:

    Total tokens: 10,000
    Issuance Address: 5,000
    Address 1: 2,500
    Address 2: 2,500

    Issuance address sends a dividend of 0.001 XCP per unit for a total of 10 XCP. It confirms, and Address #1 and #2 now have 2.5 XCP each and Issuance address now has 5 XCP. Balances were adjusted, yet nobody actually "received" any transactions (at least not how you would normally think of it). Does that make sense?

    The exception to this is paying dividends in the form of pure BTC (or I guess in the case of dogeparty, DOGE). In that case, it just uses the standard "sendmany" bitcoin command which sends however much total to each shareholder address (including a payment output to yourself). The major downside to BTC/Doge dividends is that it could result in high transaction fees (more shareholder addresses = larger transaction) and also it simply ignores any payments which would be under the transaction dust size limit (e.g, wont sent anything less than 0.000055 BTC)

    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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    1 like
  • TripleZ

    Hello,

    Is there a problem with counterwallet ? I have not received the dividends for last week.

    Z

    EDIT : received, thank you !

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  • JayeK

    @cryptonaut

    @jayek

    @cryptonaut @jayek do you mean the dividend payments? In the case of SPECUALTE, token ownership and dividends comes from the same address that holds the unsold tokens (e.g 75,000), but it doesnt have to be - I could hold the unsold tokens somewhere else if I want. With dividends though, you can only send them out from the ownership address (the address that controls issuance, can lock the asset, change description etc.)

    For an example say I issue 100 tokens via dogeparty and want to pay out each token holder in XDP. If the address that's distributing the payout holds 50% of those tokens will a payout come back to the issuing addresses as well? Make sense?

    Right. Yes, sort of. With a "dividend" transaction in counterparty, it's not actually sending outputs to every address (if you look at the actual transaction on the blockchain, it just looks like coin dust being sent to 3 random addresses). Instead, it posts publicly on the blockchain "0.001 XCP per token in dividends has been paid to any address which holds X token as of block #332363". Since counterparty actually uses its own database, it just reads this happening on the blockchain and adjusts its internal balances accordingly

    Example:

    Total tokens: 10,000
    Issuance Address: 5,000
    Address 1: 2,500
    Address 2: 2,500

    Issuance address sends a dividend of 0.001 XCP per unit for a total of 10 XCP. It confirms, and Address #1 and #2 now have 2.5 XCP each and Issuance address now has 5 XCP. Balances were adjusted, yet nobody actually "received" any transactions (at least not how you would normally think of it). Does that make sense?

    The exception to this is paying dividends in the form of pure BTC (or I guess in the case of dogeparty, DOGE). In that case, it just uses the standard "sendmany" bitcoin command which sends however much total to each shareholder address (including a payment output to yourself). The major downside to BTC/Doge dividends is that it could result in high transaction fees (more shareholder addresses = larger transaction) and also it simply ignores any payments which would be under the transaction dust size limit (e.g, wont sent anything less than 0.000055 BTC)

    Thanks for clearing that up.

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  • TripleZ

    Hello, I'm not sure you saw the question I previously posted. If you don't mind, I'm posting it again. I hope it's OK. All the best. Zzz

    Thank you very much for your answers. Yes, it makes sens to me, I understand.

    I have one question that I forgot to ask :

    • How did you choose the starting price, the initial value of the asset ?

    Have a nice day !

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