Author Topic: "Construction" token donation  (Read 1350 times)

0 Members and 1 Guest are viewing this topic.

Offline mf-tzo

  • Hero Member
  • *****
  • Posts: 1725
    • View Profile
"Construction" token donation
« on: January 11, 2017, 07:42:59 pm »
Some time ago I have created "Construction" token as part of a true construction project that is still taking place with the intention to raise funds to support the project and repay the debt with interest. Only one investor has donated a small amount and since the target was not achieved the deal was off and this one investor got his money back with some very good interest. You can refer to this link https://bitsharestalk.org/index.php/topic,23292.15.html

Since the previous deal was off, "Construction" token is now only as a donation. I may chose, or not to reward people that want to donate via the construction token. It is exactly like brownie.pts of bytemaster (with the difference that I intend to buy them back at higher price)

Therefore, if you have some spare funds that you don't need and believe that I will make good use of these funds I receive as donation via construction token please consider buying some https://bitshares.openledger.info/#/market/CONSTRUCTION_BTS

I don't want to make any promises since this is now purely a donation token but my intention is to use the funds to either support the construction project in Ioannina city (although there is no need at the moment for any support since the project is actually moving as per schedule) or I will use them in the DEX for short selling bitassets since I am and will always be bullish on bts.

Thank you! :)



Offline mf-tzo

  • Hero Member
  • *****
  • Posts: 1725
    • View Profile
Re: "Construction" token donation
« Reply #1 on: March 06, 2017, 07:08:13 pm »
I wanted to bump this and let you know what I intend to do in order to be fair and be able to meet my promises.

2 months ago someone donated 100,000 bts in exchange for 2,000 construction tokens. at this time bts was worth $0.004. That implied a usd price for each construction token of 0.2 bitusd. In order for me to be able to keep track and be able to buy back at a better price those who decide to donate in the construction token I have decided to put the remaining 8,000 construction tokens for sale at $0.2 price and not in terms of bts price. You can see the new market pair in the below:

https://bitshares.openledger.info/market/CONSTRUCTION_USD

I would like to stress again that this is a donation token. So there are no guarantees of any return to anyone willing to donate.

Having said that my intention is that anyone who donates and then changes his mind at any time, can send me a PM and within a month notice I will buy back the token at the min price paid of bitusd $0.2. Those who donate and do not change their mind most probably will have some nice surprises if they do trust me. :)

Thank you very much. Your support is very much appreciated!

Offline mf-tzo

  • Hero Member
  • *****
  • Posts: 1725
    • View Profile
Re: "Construction" token donation
« Reply #2 on: March 14, 2017, 09:30:37 pm »
Now that bts price recovered to the $ price that someone donated to CONSTRUCTION I put an order to buyback the 2,000 CONSTRUCTION at 55bts.
In other words someone made a 10% profit in bts and in $ terms within 2 months. Thank you for your support!

http://cryptofresh.com/a/CONSTRUCTION_BTS

Since now I can payback with the 10% return to those who donated and in order to keep more simple the way I reward people willing to support me and trust my trading, I put an order to sell the remaining 8,000 CONSTRUCTION at $1

http://cryptofresh.com/a/CONSTRUCTION_USD

Whoever donates and changes his mind can give me a month notice and I will buy back at the same price. Those who donate and do not change their mind will enjoy the rewards of trust!

Thank you for your support!  :)


Offline Permie

  • Hero Member
  • *****
  • Posts: 606
  • BitShares is the mycelium of the financial-earth
    • View Profile
  • BitShares: krimduss
Re: "Construction" token donation
« Reply #3 on: March 15, 2017, 08:06:04 pm »
 +5%

Great to see people using the DEX and creating UIA's for real-world applications :)

GG mf-tzo
JonnyBitcoin votes for liquidity and simplicity. Make him your proxy?
BTSDEX.COM

Offline mf-tzo

  • Hero Member
  • *****
  • Posts: 1725
    • View Profile
Re: "Construction" token donation
« Reply #4 on: March 15, 2017, 09:54:04 pm »
[member=36434]Permie[/member] thank you for your good words..

The idea of Construction was indeed a real world application but unfortunately the community didn't see much value in this..Out of the $10,000 max amount to raise with min target $1,000 I have raised the incredibly amount of $25 from one person who I returned to him $30 for his trust (if I remember correctly). Since then the token is no longer for real application but only donation (such as Brownies.PTS) with no obligation from my side what so ever.

Since it was launched as a donation token, 2,000 construction have been sold for 100,000 bts. Yesterday I bought them back for 110,000 bts so those who bought them made a 10% profit in bts and in $ terms within 2 months.

The market can be seen http://cryptofresh.com/a/CONSTRUCTION_USD

Anyone who donates and changes his mind, I will buy back within 1 month at the same price. Those who donate and do not expect anything will see the rewards of trust. Having said that I want to stress again that there are no strings attached from my behalf and this should be considered a donation.

Thank you for the interest! :)