Hi bitshares community,
our fundraiser is still running, more then 30 days left, so it is a good time to do our first buyback.
The goal for this buyback is to give everyone a feeling how we will do it and to get feedback what we should change.
So the rules for the first buyback are:
1. We will buyback as many METAFEES as 100% of our fees can do. We choose to use 100% of the collected fees, because the integration from BTS 2.0 needed longer then expected and the collected fees in the last month are lower then normal! The exact amount we will not announce to make it more interesting.
2. The buyback will be occur on Monday between 8pm - 10pm CET
3. For this buyback we are only doing in on the pair METAFEES:METAEX.BTC https://bitshares.openledger.info/#/market/METAFEES_METAEX.BTC (as a sidenote for the devs, for me it was impossible to choose this pair on the webwallet. I had to put the pair manually into the link.
4. We created the account "metafees-buyback" everything we will do for the buyback, we are planing to do it with this account : http://cryptofresh.com/u/metafees-buyback
5. If some METAFEES are left the remaining buyback fees will get used with the next buyback.
6. For the beginning the bought METAFEES will rest till the end of the fundraiser on the account "metafees-buyback" and will be burned after the fundraiser is over.
We use this pair to give our UIAs more usability and to promote them to the bitshares community. The METAEX.BTC can instantly transfered into BTS https://bitshares.openledger.info/#/market/METAEX.BTC_BTS or via metaexchange.info into real BTC https://metaexchange.info/markets/METAEX.BTC/BTC
If you have questions, let us know we have some days left till monday!
How do I get METAFEES_METAEX.BTC to pull up in the lightwallet? It does not show up anywhere that I can see.
Hi bitshares community,
our fundraiser is still running, more then 30 days left, so it is a good time to do our first buyback.
The goal for this buyback is to give everyone a feeling how we will do it and to get feedback what we should change.
So the rules for the first buyback are:
1. We will buyback as many METAFEES as 100% of our fees can do. We choose to use 100% of the collected fees, because the integration from BTS 2.0 needed longer then expected and the collected fees in the last month are lower then normal! The exact amount we will not announce to make it more interesting.
2. The buyback will be occur on Monday between 8pm - 10pm CET
3. For this buyback we are only doing in on the pair METAFEES:METAEX.BTC https://bitshares.openledger.info/#/market/METAFEES_METAEX.BTC (as a sidenote for the devs, for me it was impossible to choose this pair on the webwallet. I had to put the pair manually into the link.
4. We created the account "metafees-buyback" everything we will do for the buyback, we are planing to do it with this account : http://cryptofresh.com/u/metafees-buyback
5. If some METAFEES are left the remaining buyback fees will get used with the next buyback.
6. For the beginning the bought METAFEES will rest till the end of the fundraiser on the account "metafees-buyback" and will be burned after the fundraiser is over.
We use this pair to give our UIAs more usability and to promote them to the bitshares community. The METAEX.BTC can instantly transfered into BTS https://bitshares.openledger.info/#/market/METAEX.BTC_BTS or via metaexchange.info into real BTC https://metaexchange.info/markets/METAEX.BTC/BTC
If you have questions, let us know we have some days left till monday!
I have considered most of these issues for reasons known to some, so:
2. exact time is better (even better same time from now on forward).
6. Is odd... why? It is not like you gonna run out of metafees to sell for the rest of the ICO time. So I would burn them the next day.
Other than that, slightly less important - making it more interesting is not very business like [if you have real reasons why it is better, just state them]
Other than that Good luck! I am a fan of yours, as you might know.
How do I get METAFEES_METAEX.BTC to pull up in the lightwallet? It does not show up anywhere that I can see.
How do I get METAFEES_METAEX.BTC to pull up in the lightwallet? It does not show up anywhere that I can see.
only works in the webwallet ...
how much worth of BTC are you buying?
Better to keep it secret as a policy. Having that known will only cause manipulation. It's also better not to let the day of the month be known. The less people know the less manipulation there will be.
to give a feeling how much buyback we have - we are transfering each month between 300-600 BTC in value and charging 0.3 % transaction fee.
How is doing the fund raiser?
Are you doing a mumble session at 8pm cet today?
20% is done, hopefully, the Bitcointalk announcement will speed things up
How do I get METAFEES_METAEX.BTC to pull up in the lightwallet? It does not show up anywhere that I can see.
i didn't tried it on the lightwallet - maybe some devs can give us some hints?
How do I get METAFEES_METAEX.BTC to pull up in the lightwallet? It does not show up anywhere that I can see.
i didn't tried it on the lightwallet - maybe some devs can give us some hints?
Any luck with getting this pair to show up in the lightwallet (however that is done)?
I assume you will increase the price of the METAFEES your selling according to the price you buy during the buyback?
where's this buyback then?
every information you find https://bitsharestalk.org/index.php/topic,20150.msg259135.html#msg259135I assume you will increase the price of the METAFEES your selling according to the price you buy during the buyback?
no we are not, because the buyback will happen in one spot.
yes keep on undercutting each other instead of settling @0.088
I tried. smalls2 and gypsy1 > facepalm
we will do the next buyback on monday Janary 4th between 8pm - 9pm CET on this market again https://bitshares.openledger.info/#/market/METAFEES_METAEX.BTC
Why don't let everyone know? Imo it's better be public like this.we will do the next buyback on monday Janary 4th between 8pm - 9pm CET on this market again https://bitshares.openledger.info/#/market/METAFEES_METAEX.BTC
Now everyone knows to buy just before the time you gave. The buyback in the future might work best if the time and date of it is kept random.
Thanks shentist, can I just hold to make money?
How many metafees will be will be outstanding after the next burn. the website says 5109 but the blockchain says 7121
And do the total outstanding represent 50% of all profit made by metaexchange?
just the last reminder, next buyback coming monday! check the headline.
just the last reminder, next buyback coming monday! check the headline.
Would you be able to give us some some general info about how you guys are doing with MetaExchange? Top markets for example, and total volume trending up or down?
Will you post all the information before or after the buyback??? It's great if we could get a look at you financials, I know you're not regulated, but posting information about the health of your company would go a long way in building trust in your company.
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.
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 ??
I didn't understand, sorry.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 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 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 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
Did you mean: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.
Thank you for this clear easy to understand update on METAFEES.
I appreciate it enormously.
Buyback April 2016:It's best if you haven't left fractions of orders in the market, which was eaten by an arbitrary bot.
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
Buyback April 2016:It's best if you haven't left fractions of orders in the market, which was eaten by an arbitrary bot.
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
https://bitsharestalk.org/index.php/topic,22353.0.html
It's your bot? Then it's not so bad.Buyback April 2016:It's best if you haven't left fractions of orders in the market, which was eaten by an arbitrary bot.
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
https://bitsharestalk.org/index.php/topic,22353.0.html
so, we have bots running. feels some good. i wondered, why i got executed from orders i didn't saw. thanks for the
information. will do it different next time!
It's your bot? Then it's not so bad.Buyback April 2016:It's best if you haven't left fractions of orders in the market, which was eaten by an arbitrary bot.
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
https://bitsharestalk.org/index.php/topic,22353.0.html
so, we have bots running. feels some good. i wondered, why i got executed from orders i didn't saw. thanks for the
information. will do it different next time!