Author Topic: First OBITS BuyBack executed w. 1.5 mill BTS / 13 BTC on OpenLedger  (Read 2113 times)

0 Members and 1 Guest are viewing this topic.

Offline openledger

  • Moderator
  • Hero Member
  • *****
  • Posts: 1112
  • Blockchain powered, people driven
    • View Profile
    • OpenLedger.info - Blockchain Solutions, Services and Products for Businesses
  • BitShares: ccedkbts
First BuyBack of 49800 OBITS executed. Congrats

Below I show you the actions and outcome of each buyback, and look forward to the ongoing growth of OpenLedger, OBITS and its connected projects for future benefit to all OpenLedger users.

Today we have done the first buyback of OBITS with an amount of 1.478 mill BTS or the equivalent of 13 BTC. It was split in two 90% to be used in the OBITS_BTS market, and 10% to be used in OBITS_OPENBTC market.

1,440,386 BTS of the total 1.478.000 is based on the revenues from the basic fees as per mentioned link http://cryptofresh.com/fees  and remaining 38.000 is fees achived mainly from vested cashbacks on openledger, open.bits, qbits and obits account.

First the 90% on OBITS_BTS market below







Shown in bts network blockexplorer Cryptofresh.com



Secondly the 10% on OBITS_OPENBTC market below

OBITS buyback with BTC before:





OBITS buyback after:



Shown in bts network blockexplorer Cryptofresh.com



Final outcome approx 49800 OBITS  also visible on openledger account which is also new registrar account http://cryptofresh.com/u/openledger.

CoinmarketCap status right after buyback:



OBITS total supply reduced with 49800 OBITS. New supply available 18,228,000 OBITS



Once updated on CoinmarketCap new figures will be as follows:

We have new max supply of 18.228.000 ;

4.622.876 OBITS sold to the public ;

7.974.392 avilable to be released in limited parts in connection with future crowdsale connected to projects added to OpenLedger.

Part of this future revenue will be added to the OBITS profolio of revenue generating companies giving future value to this new market maker on the DEX OpenLedger.

Welcome to the future of OBITS - Together we will create and shape the world!




Dont know about OpenLedger yet?

Have a look at these great videos already made for you to know it better:

https://www.youtube.com/channel/UCZHkjzM5Vp5RH0H_XGBtS0g

OpenLedger - Smart Trading Decentralized
« Last Edit: March 02, 2016, 07:59:11 pm by ccedk »
OpenLedger blockchain in services and solutions - https://openledger.info
BitShares explorer: https://bitsharescan.com
BitShares commitee member since 2015

Offline hcf27

  • Full Member
  • ***
  • Posts: 116
    • View Profile
  • BitShares: hcf27
Re: First OBITS BuyBack executed with 1.478 mill bts on OpenLedger
« Reply #1 on: February 02, 2016, 11:46:53 am »
Congrats on the buyback!

This has personally given me more confidence on the project and I am sure willing to buy more obits in the future.


Offline hcf27

  • Full Member
  • ***
  • Posts: 116
    • View Profile
  • BitShares: hcf27
Re: First OBITS BuyBack executed with 1.478 mill bts on OpenLedger
« Reply #2 on: February 02, 2016, 12:06:33 pm »
Question: Will there be monthly buybacks? if so when will the next one be?

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12914
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
Re: First OBITS BuyBack executed with 1.478 mill bts on OpenLedger
« Reply #3 on: February 02, 2016, 12:22:33 pm »
very cool ..
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline hcf27

  • Full Member
  • ***
  • Posts: 116
    • View Profile
  • BitShares: hcf27

Offline openledger

  • Moderator
  • Hero Member
  • *****
  • Posts: 1112
  • Blockchain powered, people driven
    • View Profile
    • OpenLedger.info - Blockchain Solutions, Services and Products for Businesses
  • BitShares: ccedkbts
Re: First OBITS BuyBack executed with 1.478 mill bts on OpenLedger
« Reply #5 on: February 02, 2016, 12:38:48 pm »
Question: Will there be monthly buybacks? if so when will the next one be?

The general idea has been montly buybacks due to no option of dividend, we have however found a way for dividend option as well, so are working in next days to come up with way to make it possible for all holders to vote for this.
OpenLedger blockchain in services and solutions - https://openledger.info
BitShares explorer: https://bitsharescan.com
BitShares commitee member since 2015

Offline hcf27

  • Full Member
  • ***
  • Posts: 116
    • View Profile
  • BitShares: hcf27
Re: First OBITS BuyBack executed with 1.478 mill bts on OpenLedger
« Reply #6 on: February 02, 2016, 01:43:01 pm »
Question: Will there be monthly buybacks? if so when will the next one be?

The general idea has been montly buybacks due to no option of dividend, we have however found a way for dividend option as well, so are working in next days to come up with way to make it possible for all holders to vote for this.

Nice!

Offline uqaz

  • Newbie
  • *
  • Posts: 15
    • View Profile
Re: First OBITS BuyBack executed with 1.478 mill bts on OpenLedger
« Reply #7 on: February 02, 2016, 02:12:28 pm »
Question: Will there be monthly buybacks? if so when will the next one be?

The general idea has been montly buybacks due to no option of dividend, we have however found a way for dividend option as well, so are working in next days to come up with way to make it possible for all holders to vote for this.
Ronny, in order to make a decision about monthly buy-backs or monthly dividends, we need more info about general numbers of this business...

Could you open numbers such ney monthtly revenues or profits for us (OBITS holders). Could you also give us historical numbers per month (...november, december, january...)? Depending on the value, price of OBITS could rise "automaticaly". A big DY% (dividend yield) would do this.

Offline mf-tzo

  • Hero Member
  • *****
  • Posts: 1725
    • View Profile
Re: First OBITS BuyBack executed w. 1.5 mill BTS / 13 BTC on OpenLedger
« Reply #8 on: February 02, 2016, 02:16:20 pm »
 +5% [member=23432]ccedk[/member] for the successful buyback!

looking forward to your future plans!

Offline kingscrown

  • Full Member
  • ***
  • Posts: 64
  • fear me babe
    • View Profile
    • Cryptocurrency Blog
  • BitShares: kc069
Re: First OBITS BuyBack executed w. 1.5 mill BTS / 13 BTC on OpenLedger
« Reply #9 on: February 02, 2016, 05:24:16 pm »
Nicely done!
http://fuk.io --------> Cryptocurrency Blog with 16000+ email subscribers - Get on the Private Mailing List Now!