Author Topic: SPRING BTS Fund Management Rules and Spring One Purchasing Instructions  (Read 5511 times)

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Online bitcrab

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Re: SPRING BTS Fund Management Rules and Spring One Purchasing Instructions
« Reply #30 on: September 04, 2018, 09:12:30 am »
actually BSIP42 redefined "feed price" as something like "guide price",  not the exact market price.

there's someways to get smartcoin premium, for bitCNY, you can

1. get the bitCNY deposit/withdraw fee from magicwallet and then calculate out the bitCNY premium.

or

2. from exchange like AEX or ZB get BTS price in CNC or QC, it can be regarded as BTS price in fiat as CNC and QC are IOU of CNY.  with the BTS price in bitCNY, you can calculate out the premium, 

Online bitcrab

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Re: SPRING BTS Fund Management Rules and Spring One Purchasing Instructions
« Reply #31 on: September 13, 2018, 04:07:52 pm »
updated witnesses voting. we would like to support the witnesses that work well in implementing BSIP42.

as now bitCNY is still in obvious premium(>1%), we select to vote the witnesses that always publish price which is higher than median.

we'll keep on checking the price feeding status and update the witness voting.

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Re: SPRING BTS Fund Management Rules and Spring One Purchasing Instructions
« Reply #32 on: September 21, 2018, 08:48:51 pm »
BSIP42 works fairly well for bitCNY, now it's time to also apply it to bitUSD, we'd like to support the witnesses that take positive actions on this.

we also hope that witnesses can publish the price feeding algorithms, that can help voters to judge.

Offline binggo

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Re: SPRING BTS Fund Management Rules and Spring One Purchasing Instructions
« Reply #33 on: September 21, 2018, 11:59:00 pm »
BSIP42 works fairly well for bitCNY, now it's time to also apply it to bitUSD, we'd like to support the witnesses that take positive actions on this.

we also hope that witnesses can publish the price feeding algorithms, that can help voters to judge.

DON'T AGREE.

The spring Fund shouln't have the voting right, every witness and committee members should know this very clearly.

If the spring found want to have the voting right,  The sping found should publish the voting procedure of the spring holders.

A foud shouldn't become a  political tool.
« Last Edit: September 22, 2018, 12:01:55 am by binggo »

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Re: SPRING BTS Fund Management Rules and Spring One Purchasing Instructions
« Reply #34 on: September 22, 2018, 09:42:32 pm »
wether the fund can vote is an internal problem among the fund holders.

if there's consensus among the fund holders, why can't the fund vote?

no one can deprive the fund holders of their voting rights.


Offline Thul3

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Re: SPRING BTS Fund Management Rules and Spring One Purchasing Instructions
« Reply #35 on: September 22, 2018, 09:45:53 pm »
Quote
if there's consensus among the fund holders, why can't the fund vote?

Consensus of all fund owners ?I highly doubt it.
You are using funds from people who are invested in spring fund but don't agree on BSIP42.

I know personly at least 1 fund holder who is against it

Offline binggo

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Re: SPRING BTS Fund Management Rules and Spring One Purchasing Instructions
« Reply #36 on: September 23, 2018, 12:00:26 am »
wether the fund can vote is an internal problem among the fund holders.


If the fund wants to vote a public BSIP, it will not be an internal problem among the fund holders,.

the holders give the right of use to the foud, but not the voting right and the ownership to the foud, if the foud wants
these rights all,the foud need to public all the transfer agreement and the article of this foud.

Open and fair is the basic requirement.

Please give the details.

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Re: SPRING BTS Fund Management Rules and Spring One Purchasing Instructions
« Reply #37 on: September 27, 2018, 02:42:13 am »
updated witnesses voting, supported witnesses that take positive actions on implementing BSIP42 on bitUSD.

Offline armin

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Re: SPRING BTS Fund Management Rules and Spring One Purchasing Instructions
« Reply #38 on: September 28, 2018, 10:50:36 am »
yo bitcrab will BSIP42 be implemented on all committee bitassets?

Offline ripplexiaoshan

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Re: SPRING BTS Fund Management Rules and Spring One Purchasing Instructions
« Reply #39 on: November 08, 2018, 03:09:33 am »



Q1 report:


Assets in account
BTS 92,215,801
bitCNY -12,353,484
bitUSD -1,619,888USD

Related accounts:
spring-team spring-trader spring-operator spring-finance

Besides, as BTS share holders, SPRING received a few sharedrops such as whaleshares BEOS, etc.. these tokens belong to SPRING holders. However, as these tokens have low liquidity, their value is not counted for now.

FUND net value:
The net value of the first three months is 0.893, 0.939, 0.839.

The plan of SPRING:
The best action in bear market is no action. However, we think the price of BTS is very close to the bottom, and we will continue to persuade people to join SPRING FUND to buy more BTS. Also, we are considering to support the development of third party APPs on bitshares, such as chess and cards games.
BTS committee member:jademont