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TravelsAsia

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Obits Questions
« on: December 18, 2015, 05:11:47 pm »
If these questions were already answered,  no problem just providing a link with the location it was addressed.

1. With only a portion of the Obits sold, is there a cutoff date when you personally stop selling Obits and allow the market to determine the price?

If so, will those unsold Obits be destroyed?

2. Could you provide the link on exactly how profits are calculated? Will it be a different model between OL, Nanocard and the upcoming Casino?

3. During the buyback, is there a way for investors to be sure that CCEDK doesn't issue additional Obits and buy them back themselves?
« Last Edit: December 20, 2015, 05:06:57 pm by TravelsAsia »

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Re: Obits Questions
« Reply #1 on: December 18, 2015, 06:00:06 pm »
pinging [member=23432]ccedk[/member]
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

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Re: Obits Questions
« Reply #2 on: December 20, 2015, 12:05:42 am »
If these questions were already answered,  no problem just providing a link with the location it was addressed.

1. With only a portion of the Obits sold, is there a cutoff date when you personally stop selling Obits and allow the market to determine the price?

If so, will those unsold Obits be destroyed?

2. Could you provide the link on exactly how profits are calculated? Will it be a different model between OL, Nanocard and the upcoming Casino?

Having my day off today, will try to answer it all tomorrow, in the meantime feel free to read this new article. It is strange how they left out my expected launch times but all in all ok:

http://www.newsbtc.com/2015/12/19/exclusive-newsbtc-interviews-ronny-boesing-from-ccedk-and-obits/
OBITS - a token of appreciation  http://obits.io/
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ICOO Prelaunch ICO asset - http://icoo.io/

TravelsAsia

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Re: Obits Questions
« Reply #3 on: December 20, 2015, 05:11:23 pm »
If these questions were already answered,  no problem just providing a link with the location it was addressed.

1. With only a portion of the Obits sold, is there a cutoff date when you personally stop selling Obits and allow the market to determine the price?

If so, will those unsold Obits be destroyed?

2. Could you provide the link on exactly how profits are calculated? Will it be a different model between OL, Nanocard and the upcoming Casino?

Having my day off today, will try to answer it all tomorrow, in the meantime feel free to read this new article. It is strange how they left out my expected launch times but all in all ok:

http://www.newsbtc.com/2015/12/19/exclusive-newsbtc-interviews-ronny-boesing-from-ccedk-and-obits/

"Ripple, NanoCard and PayPal are based on a fully operational multi-sig account functionality on the platform and it is expected to be fully up and running come February 2016."

Great developments.  I added an additional question above.

Offline yvv

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Re: Obits Questions
« Reply #4 on: December 20, 2015, 05:59:06 pm »
Just wait for one month more, and we all see what they deliver. My impression now is that they badly overpromiss.

Offline ccedk

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Re: Obits Questions
« Reply #5 on: December 20, 2015, 07:58:32 pm »
If these questions were already answered,  no problem just providing a link with the location it was addressed.

1. With only a portion of the Obits sold, is there a cutoff date when you personally stop selling Obits and allow the market to determine the price?

2. Could you provide the link on exactly how profits are calculated? Will it be a different model between OL, Nanocard and the upcoming Casino?

3. During the buyback, is there a way for investors to be sure that CCEDK doesn't issue additional Obits and buy them back themselves?


1. With only a portion of the Obits sold, is there a cutoff date when you personally stop selling Obits and allow the market to determine the price?

It has never been the intent to stop selling OBITS. We have created an amount which we felt was suitable to identify the value of Openledger within a period of 2-3 years if the platform is developing according to expectations and in the interest of all users.

In order to let market work on its own, we dont sell on any markets at a price below 24,50 bts.

We already reached the target of minimum 20% to make it worth starting a  buyback, and that is set as first time 1st day of February, allowing whatever is released from Openledger-reg to be one major part of first buyback amount(I expect first buyback to be around 1,5 to 3 million bts).

We will continue selling OBITS also after buyback, if any left, why not?

This is not a get rich quick sceme and we are in it for the long haul, and just like any other business, you offer a certain amount of value for people to buy, which will be sold sooner or later all based on the success we will hopefully have with OpenLedger.

We are already sure to have minimum 1 million from OpenLedger-reg alone more or less so that is a good start.


If so, will those unsold Obits be destroyed? All OBITS bought back will be destroyed or burned, bottom line it will no longer be a part of total supply.

2. Could you provide the link on exactly how profits are calculated? Will it be a different model between OL, Nanocard and the upcoming Casino? Not sure I understand what you mean with how profits are calculated.

We had 50% of all fees on OpenLedger, and have been telling in media that the open source announcement made it possible to offer 100% instead(100% of 80% since 20% is for the network.)

All models whether NanoCard, Ripple, Paypal, fiat gateway, casino etc.added to OBITS is set to be 100% of the profits added to the revenue stream.

It is 100% on all acitivities connected to Openledger meaning also the deposit and withdrawal fees of fiat gateway of 2-3% deposit.

What we cannot guarantee yet are the fees connected to activities on CCEDK itself due to legal aspects in all of this.



3. During the buyback, is there a way for investors to be sure that CCEDK doesn't issue additional Obits and buy them back themselves?

First of all what would the incentive be to issue more? Would we not loose trust, integrity and belief in us if this would happen?, secondly It has been told before and I am happy to say it again, that there is no reason whatsoever to think of any dillution in terms of any added OBITS, because it will never happen.

Third, OpenLedger is as transparent and open as can be, that is the whole point, so we would never be able to do buyback ourselves without you knowing it, less alone issuing new ones which is not going to happen.

The only time we will issue new OBITS, is when the last OBITS of present supply has been bought back! With a constant value increase of revenue stream on OpenLedger, it may take a very long time before all is bought back.

Strategically it would not make sense to buyback ourselves, let alone issue new ones as we would loose the trust of all OBITS owners, and how would we be able to sell the remaining amount if anyone thought like that.


I have answered with comments in other colour below each qustions as I am not sure right of hand if you can find information anywhere on this.

I know that a constant update of what is generated for buyback is about to be added to OBITS site, and in general there is no interest at all trying to hide any information as we do try to make all as transparrent as possible.

With that in mind I will make sure that your questions here are mentioned on site where it seems best place to put most probably ider FAQ's.

I will try to have all of this put in a nice way on FAQ over the holidays for all outside the community to see also.

I think it is worth mentioning also that we had a fiat gateway option ready from time of launch but was advised to wait, which is the reason why the fiat gateway as an option is not OpenLedger yet. There is nothing we woul have preferred more that to have been able to offer this already.

Also we would have loved to offer 100% of the transaction fees on all th Open assets like OpenBTC, OPEMLTC etc. it is however initially made posible on the bae of a contract between Cryptonomex and Blocktrades, adn I have accepted for this to continue alo now when Cryptnomex has left as the partner of OpenLedger, with CCEDK in charge of the full 80% as registrar.

We have all the interest in adding features to OpenLedger and will do this in the new year according to what i possible, we are  limited in the way that we are depending on the development on platform itself, and better communication in future will have to be one of the requirements for better fulfillment.

« Last Edit: December 20, 2015, 08:14:34 pm by ccedk »
OBITS - a token of appreciation  http://obits.io/
OpenLedger Webwallet - https://bitshares.openledger.info
ICOO Prelaunch ICO asset - http://icoo.io/

Offline ccedk

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Re: Obits Questions
« Reply #6 on: December 20, 2015, 08:44:44 pm »
Just wait for one month more, and we all see what they deliver. My impression now is that they badly overpromiss.

Please let me know what we have promised which you believe we will not deliver? If you are one of the OBITS owners who wants to buy back on feb 1st, I guess you are hoping all will happen before that time so that price will jump, but price will jump on the OBITS owners believing in OpenLedger and BTS 2.0 platform only, an that can take months to even a year from now before we have all up and fully functional on the platform, and mind you this is not CCEDK making that possible, it is the shareholers all holding an interest in making BitShares platform stand as something unique and wordth fighting for.

If you dont believe in the platform and therefore also OpenLedger I suggest you sell OBITS asap, but otherwise, I cannot really understand why you would start talking about overpromising on something where you if you are an OBITS owner is all part of making magic happen!

Negaitivity has never made any goals, but believing can create wonders!

Let m run you some numbers on what I hope will happen in this new year of 2016 as well as present stats easily accessible thanks to cryptofresh.com.

http://cryptofresh.com/u/openledger-reg the ccedk account of OpenLedger showing all profits made so far in regards to transaction fees and other ones, worth mentioning is that the past couple of months have been used to improve platform, and it is possible to see and daily change to the better towards a top designed platform

Here is an overview of the fees on platform

http://cryptofresh.com/fees


The details of obits account from where OBITS is sent and general update on what is left:

http://cryptofresh.com/u/obits



Statistics on OBITS asset:

http://cryptofresh.com/a/OBITS

Worth mentioning: 275 accounts sunday one week ago and now dec 20th, 284 have so far have bought OBITS, you can also see the accounts placing buy and sell orders on OBITS market


Statistics an charts


http://cryptofresh.com/charts

For instance 3580 unique accounts created one week ago, 3781 today dec. 20th 2015.

This one below to show how many Life Time member accounts have been created so far

https://bitshares.openledger.info/refscoreboard

With 3781 signups and in this link info how many users are referred by Life Time members as well 2936 users

3781-2936 = accounts created based on referral link of Life Time member

With 3781 signups we have an average of 60 sign-ups a day


The goal in 2016 is 120-180 signups a day, which I believe will come soon in the new year, making us reach an approx amount of users 60.000 by the end of 2016 if all works more or less according to expectations.

With 60.000 users on exchange, it is not far from an estimated daily  volume in profits of some USD 4000-6000 equivalent, and we have reached the goal of doing the same as some of the top 5 major exchanges, and 2017 will be all about the sky is really the limit!


Other news: Within next 10 day we have a special high quality use case video out, with the tag title OpenLedger - Smart Trading Decentralized, pointing out the difference between centralized and decentralized with OpenLedger in focus an OBITS as the profitable example of an asset on platform. Furthermore at one week later we also present a high quality How to register video presentation as well.

« Last Edit: December 22, 2015, 10:18:09 am by ccedk »
OBITS - a token of appreciation  http://obits.io/
OpenLedger Webwallet - https://bitshares.openledger.info
ICOO Prelaunch ICO asset - http://icoo.io/

Offline salva82

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Re: Obits Questions
« Reply #7 on: December 21, 2015, 02:34:00 pm »
Ronny, I'm a big holder of obits, I would like to know why there is a big difference between the capitalization obits.io ($ 1.18 million) and that of CoinMarketCap ($ 225.000). hello, and good job, I believe a lot in your project.

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Re: Obits Questions
« Reply #8 on: December 21, 2015, 02:43:01 pm »
Just wait for one month more, and we all see what they deliver. My impression now is that they badly overpromiss.

Please let me know what we have promised which you believe we will not deliver? If you are one of the OBITS owners who wants to buy back on feb 1st, I guess you are hoping all will happen before that time so that price will jump, but price will jump on the OBITS owners believing in OpenLedger and BTS 2.0 platform only, an that can take months to even a year from now before we have all up and fully functional on the platform, and mind you this is not CCEDK making that possible, it is the shareholers all holding an interest in making BitShares platform stand as something unique and wordth fighting for.

If you dont believe in the platform and therefore also OpenLedger I suggest you sell OBITS asap, but otherwise, I cannot really understand why you would start talking about overpromising on something where you if you are an OBITS owner is all part of making magic happen!

Negaitivity has never made any goals, but believing can create wonders!

Let m run you some numbers on what I hope will happen in this new year of 2016 as well as present stats easily accessible thanks to cryptofresh.com.

http://cryptofresh.com/u/openledger-reg the ccedk account of OpenLedger showing all profits made so far in regards to transaction fees and other ones, worth mentioning is that the past couple of months have been used to improve platform, and it is possible to see and daily change to the better towards a top designed platform

Here is an overview of the fees on platform

http://cryptofresh.com/fees


The details of obits account from where OBITS is sent and general update on what is left:

http://cryptofresh.com/u/obits



Statistics on OBITS asset:

http://cryptofresh.com/a/OBITS

Worth mentioning: 275 accounts sunday one week ago and now dec 20th, 284 have so far have bought OBITS, you can also see the accounts placing buy and sell orders on OBITS market


Statistics an charts


http://cryptofresh.com/charts

For instance 3580 unique accounts created one week ago, 3781 today dec. 20th 2015.

This one below to show how many Life Time member accounts have been created so far

https://bitshares.openledger.info/refscoreboard

With 3781 signups and in this link info how many users are referred by Life Time members as well 2936 users

3781-2936 = accounts created based on referral link of Life Time member

With 3781 signups we have an average of 60 sign-ups a day


The goal in 2016 is 120-180 signups a day, which I believe will come soon in the new year, making us reach an approx amount of users 60.000 by the end of 2016 if all works more or less according to expectations.

With 60.000 users on exchange, it is not far from an estimated daily  volume in profits of some USD 4000-6000 equivalent, and we have reached the goal of doing the same as some of the top 5 major exchanges, and 2017 will be all about the sky is really the limit!


Other news: Within next 10 day we have a special high quality use case video out, with the tag title OpenLedger - Smart Trading Decentralized, pointing out the difference between centralized and decentralized with OpenLedger in focus an OBITS as the profitable example of an asset on platform. Furthermore at one week later we also present a high quality How to register video presentation as well.


+5% +5% +5%

Offline yvv

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Re: Obits Questions
« Reply #9 on: December 21, 2015, 05:08:25 pm »
Just wait for one month more, and we all see what they deliver. My impression now is that they badly overpromiss.

Please let me know what we have promised which you believe we will not deliver?

You promise a fucking lot, and deliver nothing to me personally yet. You don't need to write a 50 lines of crap to me, because I don't buy your bullshit anyway. Just don't waist your time, go do what you promise, otherwise you end up in crap.

Offline ccedk

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Re: Obits Questions
« Reply #10 on: December 22, 2015, 10:23:48 am »
Ronny, I'm a big holder of obits, I would like to know why there is a big difference between the capitalization obits.io ($ 1.18 million) and that of CoinMarketCap ($ 225.000). hello, and good job, I believe a lot in your project.

When doing the marketcap on CMC we were told that only way to get listed on CMC was to provide the amount sold to public only, and not the amount totally available as supply.

They said this was particular important in regards to assets, where the supply was on the hands of the issuer.

So what you see on CMC, is a weekly updated marketcap in terms of amount of OBITS sold.

It has been updated two times already.
OBITS - a token of appreciation  http://obits.io/
OpenLedger Webwallet - https://bitshares.openledger.info
ICOO Prelaunch ICO asset - http://icoo.io/

38PTSWarrior

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Re: Obits Questions
« Reply #11 on: December 22, 2015, 04:25:59 pm »
Off-topic: Congrats to the rise in price of OBITS.

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Re: Obits Questions
« Reply #12 on: January 27, 2016, 12:55:42 am »
Hey, just saw http://obits.io/#stats that the number of obits for sale were from 71%, to now 42%...

Is this related with today's avalanche in altcoin?

What just happenned ?!

Offline Akado

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Re: Obits Questions
« Reply #13 on: January 27, 2016, 12:58:12 am »
Hey, just saw http://obits.io/#stats that the number of obits for sale were from 71%, to now 42%...

Is this related with today's avalanche in altcoin?

What just happenned ?!

private investors ? people buying otc
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

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Re: Obits Questions
« Reply #14 on: January 27, 2016, 01:03:16 am »
Hey, just saw http://obits.io/#stats that the number of obits for sale were from 71%, to now 42%...

Is this related with today's avalanche in altcoin?

What just happenned ?!

private investors ? people buying otc
I mean, it's prattically the end of the crownd-funding...40% will belong to CCEDK, the other 60% to other investors...

Man, that came from nowhere lol

Let's wait for Ronny on this.

« Last Edit: January 27, 2016, 01:05:31 am by uqaz »