METAFEES owners discussion

[Shentist]

here are the information for the final buyback https://bitsharestalk.org/index.php/topic,22580.0.html

[abit]

@Shentist any update please?

the conversion is over. we will post in the next days the needed update. as posted before, check the posts from the last buybacks here https://bitsharestalk.org/index.php/topic,20150.60.html to get a feeling in which direction the buyback of all METAFEES will happen.

to answer some question from you before

the buyback will all be done in BTC or in METAEX.BTC to be exactly. We converted all ETH, BTS, NXT into BTC and are holding now only BTC. We could
generate a good average sell price, but more in detail will follow.

Thanks for the quick reply.
Good to know the conversion is done before BTC price goes up.
I think you can't buy up like last time, instead you may just set a bid order there.

[Shentist]

@Shentist any update please?

the conversion is over. we will post in the next days the needed update. as posted before, check the posts from the last buybacks here https://bitsharestalk.org/index.php/topic,20150.60.html to get a feeling in which direction the buyback of all METAFEES will happen.

to answer some question from you before

the buyback will all be done in BTC or in METAEX.BTC to be exactly. We converted all ETH, BTS, NXT into BTC and are holding now only BTC. We could
generate a good average sell price, but more in detail will follow.

[abit]

@Shentist any update please?

[abit]

just a headsup guys!

if you are wondering why not all pairs available on metaexchange.

Paul and i decided to close the service. we will now convert everything into BTC and then will start to buyback the outstanding METAFEES.

We expect to need a couple of days to finish the sells and then we will share more information what will happen in the future with the funds
of the liquidity pool. If you look into the last buyback reports you can expect a good return for your investment.

cheers
shentist

It's sad.. wish everything goes well.

Just don't forget the bots if you'll decide to buy from the market directly.

Another option is to send/share-drop your BTC to METAFEES holders directly, then `override_transfer` the shares to yourself and destroy them, or just leave them at the holders' accounts unchanged (to save some fees). But cons of this option: 1. you will be unable to override_transfer the shares which are in orders, 2.the ones who have bid orders (buying METAFEES from market) will probably buy in tokens with zero-value.


//Edit:
Will you stop the bridge service of METAEX.ETH, METAEX.BTC and other IOUs(if any) as well?

By the way, by converting ETH to BTC perhaps you'll get some profits, but converting BTS to BTC at current (low) rate means more or less a loss. Will you consider to buy back some METAFEES with BTS directly to pleasure the ones who want BTS but not BTC?

[abit]

How can someone fill up the fee pool for Metafees?

Why fill the pool? Just transfer yourself some BTS to be used as fees.

[Chris4210]

How can someone fill up the fee pool for Metafees?

[Shentist]

just a headsup guys!

if you are wondering why not all pairs available on metaexchange.

Paul and i decided to close the service. we will now convert everything into BTC and then will start to buyback the outstanding METAFEES.

We expect to need a couple of days to finish the sells and then we will share more information what will happen in the future with the funds
of the liquidity pool. If you look into the last buyback reports you can expect a good return for your investment.

cheers
shentist

I've never fully understood how the buybacks work.

What do I have to do to ensure I get my METAFEES bought back? Put up an order at a certain amount? Wait until buyback day and see how high the price spikes and try to time it right? What's the best strategy here for somebody whose clueless?

don't worry! we will publish more details in the future.
we are now in the process and convert all pool holdings into BTC. this will need a couple of days, we want a good exchange rate. after this we will just buy every METAFEES back with a fix rate.

to get a feeling where this rate will be take a look into the last buyback reports https://bitsharestalk.org/index.php/topic,20150.60.html
last month the NAV of the pool was 38 METAFEES each BTC. We will publish the exact rates after we could convert everything into BTC.

Thanks so far for your support!

[unreadPostsSinceLastVisit]

just a headsup guys!

if you are wondering why not all pairs available on metaexchange.

Paul and i decided to close the service. we will now convert everything into BTC and then will start to buyback the outstanding METAFEES.

We expect to need a couple of days to finish the sells and then we will share more information what will happen in the future with the funds
of the liquidity pool. If you look into the last buyback reports you can expect a good return for your investment.

cheers
shentist

I've never fully understood how the buybacks work.

What do I have to do to ensure I get my METAFEES bought back? Put up an order at a certain amount? Wait until buyback day and see how high the price spikes and try to time it right? What's the best strategy here for somebody whose clueless?

[Shentist]

just a headsup guys!

if you are wondering why not all pairs available on metaexchange.

Paul and i decided to close the service. we will now convert everything into BTC and then will start to buyback the outstanding METAFEES.

We expect to need a couple of days to finish the sells and then we will share more information what will happen in the future with the funds
of the liquidity pool. If you look into the last buyback reports you can expect a good return for your investment.

cheers
shentist

[svk]

Is anyone else's asset value for METAFEES listed as n/a right now?

That just means there are no recent trades to be used to estimate the value of the asset.

[jakev]

Is anyone else's asset value for METAFEES listed as n/a right now?

[liondani]

Could Metaexchange report the NAV value of METAFEES each month please.

You could use cyber.fund to show it in realtime. this is my fantasy portfolio tracker.
JonnyBitcoin[/member]]https://cyber.fund/@JonnyBitcoin

 

[JonnyB]

Could Metaexchange report the NAV value of METAFEES each month please.

You could use cyber.fund to show it in realtime. this is my fantasy portfolio tracker.
JonnyBitcoin[/member]]https://cyber.fund/@JonnyBitcoin

[monsterer]

what day does the metafees sale finish?

December 25th

christmas day (uk/ us/ some other places)

[JonnyB]

what day does the metafees sale finish?

[btstip]

Hey fuzzy, here are the results of your tips...

• Shentist: has been credited 5 PERCENT

Curious about ShareBits? Visit us at http://sharebits.io and start tipping BTS on https://bitsharestalk.org/ today!

Source: https://bitsharestalk.org/index.php/topic,19854.msg264058/topicseen.html#msg264058

Created by hybridd

[fuzzy]

what time is the metafee buyback today please?

next buyback in end of december!

#sharebits "Shentist" 5 PERCENT

[Shentist]

what time is the metafee buyback today please?

next buyback in end of december!

[JonnyB]

what time is the metafee buyback today please?

[JonnyB]

how can you see the orders owner?

http://cryptofresh.com/

click an asset and scroll down...

thanks

[chryspano]

how can you see the orders owner?

http://cryptofresh.com/

click an asset and scroll down...

[JonnyB]

how can you see the orders owner?

[Shentist]

Seller                 SellingMETAFEES       Price BTS/METAFEES
jonnybitcoin               500                                2,280
metaexchange     1,030                                2,280



Everyone is free to do whatever they want with their money... but this is stupid. Getting that wall there will only get MetaExchange to get less from the crowdsale which means they will provide less liquidity @JonnyBitcoin You're only making it harder, why do this?

hi akado,

no big deal

you said it yourself - everyone is free to do whatever they want to do!

I doesn't make much sense from the perspective of someone who wants the crowdsale to succeed and have metaexchange provide the most liquidity possible. But yeah everyone has their reasons.

we choose to price in BTC so the price to BTS is changing a lot. So it is natural and we can't do anything about it. If there is enough demand we will get what we need and want cheers!

[Akado]

FREE MARKETS!`

Sure, I was just trying to make some sense out of it 

[JonnyB]

FREE MARKETS!`

[Akado]

Seller                 SellingMETAFEES       Price BTS/METAFEES
jonnybitcoin               500                                2,280
metaexchange     1,030                                2,280



Everyone is free to do whatever they want with their money... but this is stupid. Getting that wall there will only get MetaExchange to get less from the crowdsale which means they will provide less liquidity @JonnyBitcoin You're only making it harder, why do this?

hi akado,

no big deal

you said it yourself - everyone is free to do whatever they want to do!

I doesn't make much sense from the perspective of someone who wants the crowdsale to succeed and have metaexchange provide the most liquidity possible. But yeah everyone has their reasons.

[Shentist]

Seller                 SellingMETAFEES       Price BTS/METAFEES
jonnybitcoin               500                                2,280
metaexchange     1,030                                2,280



Everyone is free to do whatever they want with their money... but this is stupid. Getting that wall there will only get MetaExchange to get less from the crowdsale which means they will provide less liquidity @JonnyBitcoin You're only making it harder, why do this?

hi akado,

no big deal

you said it yourself - everyone is free to do whatever they want to do!

[Akado]

Seller                 SellingMETAFEES       Price BTS/METAFEES
jonnybitcoin               500                                2,280
metaexchange     1,030                                2,280



Everyone is free to do whatever they want with their money... but this is stupid. Getting that wall there will only get MetaExchange to get less from the crowdsale which means they will provide less liquidity @JonnyBitcoin You're only making it harder, why do this?

[Shentist]

Could you share how much BTC you received before and after you make the annoucement on bitcointalk after the 60 days? I think that would be interesting to see what kind of reach we have over there.

hi Akado,

at the moment we made no ANN on bitcointalk.org . Monsterer finished yesterday the pullrequest to get integrated and on https://bitshares.org/wallet if you refresh you can see our added Deposit/Withdrawl function for Bridge: BTS/BTC and Gateway: METAEX.BTC/BTC; METAEX.NXT/NXT and METAEX.ETH/ETH

the fundraiser will run for 44 days and we will make an official ANN on bitcointalk.org soon.

[Akado]

Could you share how much BTC you received before and after you make the annoucement on bitcointalk after the 60 days? I think that would be interesting to see what kind of reach we have over there.

[phillyguy]

Really excited about Metafees and your model. Wishing you much success!

[Shentist]

metafees are pegged to btc right? so if I bought 1 btc worth i should expect 1btc  back with a bit of profit hopefully

or much more if I got this correctly. they buyback metafees, so if the cheapest price is 15000 per metafee, they buy for that price.

exactly fav. We will demonstrate how this will work in a couple of days, to give everybody a better feeling what they can expect.

[Shentist]

metafees are pegged to btc right? so if I bought 1 btc worth i should expect 1btc  back with a bit of profit hopefully

it is more like a basket. we choose to accept every kind of coin we are supporting right now, but if we are in need we will exchange them in other coins.

the reason why we choose BTC as the communicated value is because we need more BTC then the supported coins and everyone knows the value of BTC.

[fav]

metafees are pegged to btc right? so if I bought 1 btc worth i should expect 1btc  back with a bit of profit hopefully

or much more if I got this correctly. they buyback metafees, so if the cheapest price is 15000 per metafee, they buy for that price.

[Shentist]

I know that it means nothing... But do you expect an investor to get repaid back?

we collecting the METAFEES to provide liquidity for our supported markets. With better liquidity more people will use us and so we are getting more fees.

with the monthly fees we will buy back METAFEES.

if, metaexchange has to be shutdown, we will buyback every METAFEE in ciculation with the value at this point.

[JonnyB]

metafees are pegged to btc right? so if I bought 1 btc worth i should expect 1btc  back with a bit of profit hopefully

[topcandle]

I know that it means nothing... But do you expect an investor to get repaid back?

[Shentist]

How many more BTC do you have to raise?  How much raised thus far?

the goal is 200 BTC

if i have the numbers correct we sold roughly 30 BTC of METAFEES.

the fundraiser is running >40 days and we will make ANNs on the other forums as well.

we are planning to make the first buy back in a couple of days to show how it will happen in the future.

[topcandle]

How many more BTC do you have to raise?  How much raised thus far?

[monsterer]

Hi guys,

I just wanted to start this thread to give METAFEES owners a place to discuss any topics related to the asset, or to metaexchange itself. We'd love to hear what you think and any ideas you have about the site or project in general!

Cheers, Paul.