BitShares Forum
Main => Stakeholder Proposals => Topic started by: bitcrab on September 04, 2015, 10:03:13 am
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in order to get enough capital for running the gateway transwiser.com, I created and issued the fund TRANFUND.
the business model is simple, transwiser buy BitCNY from btc38 etc. and then sell BitCNY to the users that need them in a automatic delivery manner, in this process I can get an about 0.3% profit. after deducting the 30% as management fee, the rest will be added to the net value of the fund, each Friday the weekly profit will be calculated and the net value of the fund will be updated, and then in the next 3 days, transwiser continue sell the fund with the new net value as price, and anytime transwiser will buy TRANSFUND with 0.999*latest net value as price.
in the first week, 42860 fund was sold out, the BitCNY trade volumn is 95760, and the net value of the fund grew from 1 to 1.004693 in one week.
hope more people can buy this fund and support transwiser gateway business, even if you have no chance to use CNY, you can also get profit from it and contribute to the BTS ecosystem.
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TRANFUND shows 0 units for sale?
http://www.bitsharesblocks.com/asset/orderbook?asset=TRANFUND
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it has some units for sale, you can check in the TRANFUND:BitCNY market.
don't know why it is not shown in bitsharesblocks.
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it has some units for sale, you can check in the TRANFUND:BitCNY market.
don't know why it is not shown in bitsharesblocks.
bitsharesblocks only shows x : BTS markets