Author Topic: METAFEES next BUYBACK on Saturday April 30 2016 10am-11am CET  (Read 22263 times)

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Offline abit

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Offline Shentist

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Buyback April 2016:

http://cryptofresh.com/tx/566a7cd511663af8e303a77bb5dabcdca76d5cee
http://cryptofresh.com/tx/2ea560e4b2336e110353044581ce55905b88b542
http://cryptofresh.com/tx/9c8782635da6d768208882925801cd35b098ed0c
http://cryptofresh.com/tx/f1f3337c354b72420bf23bb2a572e7ba14dac09a
http://cryptofresh.com/tx/56f4d10d26bcbb977770ad97d61e61673ec3f596



we bought 10.7 METAFEES for 0.4743 METAEX.BTC and will burn them the next days. The total supply for METAFEES will be going down from 5391.08 to 5380,38 METAFEES.
http://cryptofresh.com/a/METAFEES

key facts:

Exchangerates:

BTS : 0.0000087 down from 0.00001425 ( -39% )
ETH : 0.020 down from 0.0278 ( -32% )
NXT : 0.00001575 down from 0.0000198 (  -20% )

Prove of reservers:

BTS: http://cryptofresh.com/u/metaexchangebtc
ETH: https://www.etherchain.org/account/0x056507108fe6d30189eccd6cd7f4fad56eeef622
METAEX.ETH: https://www.etherchain.org/account/0x3fe1b554e8bd14e310f70db3836b5efdfe256258

For prove for BTC we have something to code, but at the moment monsterer is to busy with his paying jobs, so it will take time to do it!

Net asset value(NAV):

(if we would liquidate the METAFEEpool today)

- for holding 38,5 METAFEES you would get 1 Bitcoin

compared to last month this is an decrease of roughly -16.7% . If you compare the decrease of the METAFEES pool of 16.7% to the decrease of
BTS, ETH and NXT directly (  -39% BTS, -32% ETH and -20% NXT) our portfolio are doing really good. Please keep in mind, that the liquidity pool holds (50% BTC, 25% BTS, 20% ETH and 5% NXT) and for this
reason will fluctuate in the future.

Total Transfers on MetaExchange.info in April : 556 Transactions to last month 483 Transactions


This is the buyback and Update for this month!

cheers
Frank aka Shentist

Offline Shentist

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sry, guys the buyback is running late, because the BTC are lost in translation (stuck on the wallet). Will do it
as soon as the matter is solved.


Offline Shentist

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next

METAFEES buyback

Saturday April 30  2016 10am-11am CET

thanks
shentist

Offline Shentist

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Thank you for this clear easy to understand update on METAFEES.

I appreciate it enormously.

Thanks for the feedback. Let me know if you want more information in the future.

Offline JonnyB

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Thank you for this clear easy to understand update on METAFEES.

I appreciate it enormously.
I run the @bitshares twitter handle
twitter.com/bitshares

Offline Shentist

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Buyback March 2016:

http://cryptofresh.com/tx/5e68ea04e55bce483cf60c9f21bd886046ba1c4e
http://cryptofresh.com/b/4861771
http://cryptofresh.com/tx/b323a5cc8f07491122d6651c7d4af7ddd821fd4e
http://cryptofresh.com/tx/b6ebec034dd8b16578ce8aeaad8aa8bbefaaf732

we bought 11.92 METAFEES for 0.5363 METAEX.BTC and will burn them the next days. The total supply for METAFEES will be going down from 5403 to 5391.08 METAFEES.
http://cryptofresh.com/a/METAFEES

key facts:

Exchangerates:

BTS : 0.00001425
ETH : 0.0278
NXT : 0.0000198

Prove of reservers:

BTS: http://cryptofresh.com/u/metaexchangebtc
ETH: https://www.etherchain.org/account/0x056507108fe6d30189eccd6cd7f4fad56eeef622
METAEX.ETH: https://www.etherchain.org/account/0x3fe1b554e8bd14e310f70db3836b5efdfe256258

For prove for BTC we have something to code, but at the moment monsterer is to busy with his paying jobs, so it will take time to do it!

Net asset value(NAV):

(if we would liquidate the METAFEEpool today)

- for holding 33 METAFEES you would get 1 Bitcoin

compared to last month this is an increase of roughly 30 %. The major key facts are the still rising Ethereum price and also a
higher price of BitShares. Please keep in mind, that the liquidity pool holds (50% BTC, 25% BTS, 20% ETH and 5% NXT) and for this
reason will fluctuate in the future.

Total Transfers on MetaExchange.info in March : 483 Transactions

A major revenue stream since the last 2 month are BTS, ETH pair and our METAEX.BTC UIA asset on the internal BitShares exchange. For this
reason we are moving more funds into the UIA market. This means we will support also in the future the pair:

METAEX.BTC / METAEX.ETH : https://bitshares.org/wallet/#/market/METAEX.BTC_METAEX.ETH
and you will see increased liquidity for the pairs
METAEX.BTC /BTS  : https://bitshares.org/wallet/#/market/METAEX.BTC_BTS
METAEX.BTC /BTC  : https://bitshares.org/wallet/#/market/METAEX.BTC_BTC

The fees on METAEX.ETH was lowered to 0.1%, so that you want to trade on our pair METAEX.BTC / METAEX.ETH you pay an average of
0.2 % fee!

This is the buyback and Update for this month and we hope you will use us in the future, too!

cheers
Frank aka Shentist
« Last Edit: March 31, 2016, 07:28:30 pm by Shentist »

Offline Shentist

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hi guys,

as always a reminder for the next buyback. it will be done on March 31 8pm-9pm CET

the buyback pair is also the same https://bitshares.org/wallet/#/market/METAFEES_METAEX.BTC

cheers
shentist
« Last Edit: April 27, 2016, 05:21:16 am by Shentist »

Offline abit

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I still don't understand either. Better tag him if you want him to chip in @monsterer

I burned an allocation which was used for a different market maker model which never came to fruition.
Did you mean:
1. you(monsterer) bought some METAFEES [amount=X] (from metaexchange) with your(monsterer's) own BTS [amount=Y] some time ago,
2. at that time you(metaexchange) wanted to use that BTS to do something (e.g. polo hedging),
3. but at last you(metaexchange) didn't do it, or get it back without loss,
4. now you(metaexchange) bought back the METAFEES[amount=X?] from you(monsterer) with that BTS[amount=Y?], then destroyed the bought back METAFEES[amount=X?]
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Offline monsterer

I still don't understand either. Better tag him if you want him to chip in @monsterer

I burned an allocation which was used for a different market maker model which never came to fruition.
My opinions do not represent those of metaexchange unless explicitly stated.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline JonnyB

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i just did the next buyback http://cryptofresh.com/b/3169440

we bought 13.33 METAFEES for 0.32 BTC and will burn them the next days. The total supply for METAFEES will be going down from 6220 to 6206.67 METAFEES.

How did the supply drop to 5416   ??

tx for asking. we run an experiment with hedging on poloniex, but this is not needed anymore and we decided to go with our old model. So monsterer took his allocated METAFEES out of the pool.

he allocated originally everything in BTS and since the sell BTS dropped a lot in value, this is good for all remaining shareholders, because our liquidity pool increased thanks to ETHER a lot the last weeks.
I didn't understand, sorry.

i hope monsterer can chip in and can explain it in better english!

I still don't understand either. Better tag him if you want him to chip in @monsterer
I run the @bitshares twitter handle
twitter.com/bitshares

Offline Shentist

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i just did the next buyback http://cryptofresh.com/b/3169440

we bought 13.33 METAFEES for 0.32 BTC and will burn them the next days. The total supply for METAFEES will be going down from 6220 to 6206.67 METAFEES.

How did the supply drop to 5416   ??

tx for asking. we run an experiment with hedging on poloniex, but this is not needed anymore and we decided to go with our old model. So monsterer took his allocated METAFEES out of the pool.

he allocated originally everything in BTS and since the sell BTS dropped a lot in value, this is good for all remaining shareholders, because our liquidity pool increased thanks to ETHER a lot the last weeks.
I didn't understand, sorry.

i hope monsterer can chip in and can explain it in better english!