Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - ripplexiaoshan

Pages: [1] 2 3 4 5 6 7 8 ... 144
1
The managers of this fund are @bitcrab, @jademont and two other people from Ivy Capital.

2
What date will the fund start trading?

July 18th, Beijing time.

3
This is a translation of https://bitsharestalk.org/index.php?topic=26820.0

Fund Introduction:
Spring BTS Fund is a BTS interior fund jointly initiated by Waterdrip Capital (www.waterdrip.io)and Ivy Capital(www.ivycapital.com). Fund token issuance, subscription, management, and all other operations are carried out on the decentralized exchange and the asset management platform, BitShares. The fund accounts are jointly managed by the two Capital via multiple signatures. All operations are open and transparent.
 
Fund Establishment Purpose:
The BTS that are idle within BitShares can be used for collateral to generate bitCNY. On one side, it increases the supply of bitCNY. On the other hand, it plays the role of stabilization fund as it buys BTS when the market is low and sells at a high price. The specific operation point is based on the judgment of the fund managers. Meanwhile, Spring Fund can also be used as an angel investment fund to invest in blockchain projects of the cornerstone investment when the supply of bitCNY is sufficient or the fund itself achieves a large profit, which enables fund holders to make profits continuously.

Fundraising Target Group:
BTS holders with rich investment experience, who are able to fully understand the operation mechanism of BitShares, recognize the long-term value of BTS, believe that the current BTS price is underestimated and the supply of bitCNY is in severe shortage, and hope to bring together the strength of the community to steadily increase the BTS price and bitCNY supply, expanding and strengthening the ecology of BTS smart currencies and exchanges.

How to Subscribe Spring One
The fund voucher is the SPRING token issued within BitShares platform. Each SPRING corresponds to one unit of fund. The initial subscription price is 1BTS/SPRING. SPRING can be freely traded within BitShares.

You can send BTS to the BitShares account, spring-team (#1019038) before 2018.07.18. The minimum sending amount is 100,000 BTS, and the minimum increment is 100,000. The subscription by directly sending BTS can be guaranteed. After the fund account receives the BTS, it will send back the original account SPRING tokens as a voucher.

During 2018.07.18-2018.07.31, SPRING tokens can be purchased directly on the SPRING/BTS market at a price of 1 SPRING/BTS. The number of selling orders for SPRING tokens lodged in the fund account depends on the amount of participation in the first phase. If the first phase meets the requirements of fund operation, the second phase may no longer be placed.

Spring One Fundraising Amount:
Minimum starting amount is 50 million BTS

If the BTS amount raised before 00:00, 2018.08.01, of Beijing time is less than 50 million, the management team will return the raised BTS and close the fund. Otherwise, the fund will start operation.

The maximum amount is 200 million BTS.

The Management Fee of Spring One:
Two-thousandths of a quarter is used to manage staff salaries and legal compliance fees.

Spring Fund Purchasing and Redeeming Rules:
Since SPRING tokens can be circulated in the market, all fund holders can withdraw at any time by selling SPRING on the market.

The net value will be calculated at the end of each month of the first quarter, and the purchasing will be opened at the beginning of next month.

The purchasing and redeeming time is fixed once a quarter, when the fund managers will repurchase SPRING tokens on the SPRING/BTS market. The amount of BTS used for repurchasing is determined by the managers and the minimum is 10% of the total net value of the fund. At the same time, SPRING is also sold on the SPRING/BTS market for purchasing.

Spring 1 Net Value Calculation Rules:

The “average daily price” described below refers to the average price from 0:00 to 24:00 of Beijing time in addition to special instructions.

In the initial fundraising period, the initial net value is calculated according to the daily average price of the BTS/bitCNY transaction pair within BTS on the day when the fundraising amount reaches 50 million BTS.

At the end of each month of the first quarter, the daily average transaction price of the BTS/bitCNY transaction pair within BTS on the last day of the month is used to calculate the net value as the basis for the purchasing price.

The fund settles quarterly. The daily average transaction price of the BTS/bitCNY transaction pair within BTS at the last day of the quarter is used to calculate the BTS net increase A and the bitCNY net increase B.

Max (Min (A*10%, B*40%), 0) is taken as the fund retention ratio, and the rest as the net value increases. The retention fee will be awarded to the fund management personnel by issuing additional SPRING.

Specifically, first compare 10% of the increase in the net value of BTS and 40% of the increase in the net value of bitCNY, and then take the smaller value. If either of the two numbers is below 0, only a two-thousandths of the management fee will be charged.

For example,
Case 1: If the current BTS price is 1 yuan and the initial value of the fund is 50 million BTS, and the BTS price becomes 1.5 yuan one quarter later with the fund owning 70 million BTS and 20 million debts at the time, then the net value of BTS is 7000-2000/1.5=56.67 million BTS, and the net value increases 6.67 million BTS. The net value of bitCNY is 7000*1.5-2000=85 million bitCNY, and the net value is increased by 35 million bitCNY. The smaller of the two is based on BTS, so the fund retention fee is 6.67 million * 10% = 667,000 BTS. At the same time, at the end of the quarter, the fund will place at least 5.67 million BTS repos on the market.

Case 2: If the current BTS price is 1 yuan and the initial value of the fund is 50 million BTS, and the BTS price becomes 0.8 yuan one quarter later with the fund owning 80 million BTS and 10 million debts at the time, then the net value of BTS is 8000-1000/0.8=67.5 million BTS, and the net value increases 17.5 million BTS. The net value of bitCNY is 8000*0.8-1000=54 million bitCNY, and the net value is increased by 4 million bitCNY. The smaller of the two is based on bitCNY, so the fund retention fee is 4 million bitCNY * 10% = 1.6 million bitCNY. At the same time, at the end of the quarter, the fund will place at least 6.75 million BTS repos on the market.

Case 3: If the current BTS price is 1 yuan and the initial value of the fund is 50 million BTS, and the BTS price becomes 0.9 yuan one quarter later with the fund owning 60 million BTS and 10 million debts at the time, then the fund is in a loss whether calculated in BTS or in bitCNY, so the fund retention fee is 0. At the end of the quarter, meanwhile, the fund will place at least 5 million BTS to repurchase SPRING on the market.

Other Sources of Income of Spring Fund:
Spring Fund will establish a witness and organize professional and technical personnel to maintain it. If it is elected, the income will be transferred to the fund account as a net increase after deducting the maintenance personnel's remuneration.

4
简单回复一下大家提到的几个问题:

1、水滴资本官网 waterdrip.io 常春藤资本官网 ivycapital.com   这在百度都能搜索到,里面也有团队介绍,可以看到重合的人员。
2、投票问题,这个之前确实没讨论过。不过这个基金成立的目的之一就是让BTS变好,那肯定不会做伤害社区的事,也就不会改变共识。我个人建议如果投票的话,一定要征求基金持有人的意见。 而且目前情况来看,吸引的资金大多是交易所来的,而不是本来投票的部分挪过来的,所以是增加了共识。
3、这只是个开始,尝试一下BTS上的新玩法,如果可行,那么后面BTS能吸引来的金融机构会更多,这也是BTS作为一个金融平台的梦想,所以希望大家多多支持。

5
中文(Chinese) / Re: 讨论下 GDEX 的交易挖矿
« on: July 12, 2018, 12:28:45 pm »
说下我知道的情况,完全是自己的理解所以不一定准确,一切以官方消息为准。

GDP实际上是GDEX内部员工股份的TOKEN化,为了激励员工和分红方便。创始团队加员工持有的TOKEN大约占总量10%,也就是1个亿,但是分20个月逐月释放。这些token里面,一部分是GDEX创始团队的股份平移(免费赠送),一部分是内部员工认购(后加入者花钱买,比对外的价格低一点),两部分比例大约是6:4。由于创始团队共持有1个亿TOKEN,且后续不再配股,也不拿token对外募资,所以公司对外的估值实际上是5000万人民币。后面通过交易被挖出来的,每一个GDP都对应同等价格的交易手续费收入,所以随着GDP发行的增多,公司估值会越来越高。首期只对外放出1000万TOKEN,也是为了保证大部分TOKEN都还在团队手里。


GDEX这个挖矿其实跟其他中心化交易所的挖矿不一样,因为只有50%手续费换算成GDP,所以GDEX是有能力用收入的手续费把GDP的价格托住的,前提是团队不大量套现。

本来就在交易GDEX.XXX资产的人,相当于被免费赠送了GDP,这是稳赚不赔的事。而如果单纯为了GDP去刷交易量的,或者把GDP炒高,则需要自己思考一下是否看好GDEX未来的发展,认可GDEX目前的估值。

至于运营情况,我不清楚细节。但应该是至少自给自足没问题了。


6
中文(Chinese) / Re: AEX从今天起全面下线bitCNY交易对
« on: July 12, 2018, 09:09:08 am »
AEX目前的当家人不是老黄,他无法充分理解BTS这一套,上次印了很多bitCNY的空头支票,后来bitCNY升值之后亏损较大,无法支持提现,过了半年才还帐。其实如果bitCNY都真实的,只会增加交易量收手续费,没必要下架。

7
中文(Chinese) / Re: 暂时计算一些费用备用
« on: July 04, 2018, 12:10:25 pm »
146万BTS是怎么算出来的。 曾经有一阵子没有worker proposal, 那时手续费和资产创建费基本可以覆盖witness支出。

8
好主意啊,我准备发个置顶帖子,收集这些改版需求,你能发到这个帖子里吗?

https://bitsharestalk.org/index.php?topic=26780.new#new

9
中文(Chinese) / BTS下一个版本修改点征集
« on: July 04, 2018, 11:38:14 am »
按照核心开发团队的节奏,目前基本上每半年BTS会开发一个新版本分叉升级。而这半年期间,往往有很多人有各种建议,其中有不少都非常合理。但由于跨度大,又缺少人跟踪,导致核心开发团队无法接收到这些信息。

鉴于此,特此开这个置顶贴,征集大家对新版本的改进建议。 本人会发给开发者看,或者组织相关人员汇总后去github上提issue。如果有建议被采纳,也会收到打赏。 

10
这个有点意思,值得推广一下。

11
可以放到下一次改版的内容里面.

12
厉害了。会跟EOS钱包集成吗

13
magicwallet is working on it, hopefully we will have it before Q2 2018.
+5%
Which hardware wallets are they working on?

They make their own hardware wallet. So far as I know, it is almost done and under final test.

14
I am going to push two proposals:

1\ Set up a bounty in the whole community, to improve the API capability of a single node. The best improvement win the prize,and the code can be merged into the mainnet.

2\ Improve the voting system by adding decay factor for voting. For example, the votes will expire unless updating their votes every month/year...

Anyway, the above is just simple thought, more details will be added gradually, and welcome any kind of discussion.

Dear Jademont - congratulations on becoming a member of the Committee.

I have had a similar idea to the bounty system and I recently posted an initial overview on Steemit regarding the same:

https://steemit.com/bts/@matle85/bitshares-x-moonshot-reward-fund

I have now added it as a post on this forum as well. I welcome thoughts from you and others how this idea can be developed.

Mathew

I like your initiative! Probably it worth more discussion among shareholders/proxies.

15
I am going to push two proposals:

1\ Set up a bounty in the whole community, to improve the API capability of a single node. The best improvement win the prize,and the code can be merged into the mainnet.

2\ Improve the voting system by adding decay factor for voting. For example, the votes will expire unless updating their votes every month/year...

Anyway, the above is just simple thought, more details will be added gradually, and welcome any kind of discussion.

I would like to suggest setup a bounty for developers who built DAPP based on BTS. You may even conduct a contest to encourage developers to built different DAPP just like what Stellar did.

Reference: https://www.stellar.org/lumens/build/

Good idea!  Maybe a hackathon is better. Currently in discussion, please keep eyes on the progress. Or maybe you can start your project before we announce it.

Pages: [1] 2 3 4 5 6 7 8 ... 144