After a long discussion about asset ArdorBG the following changes will occur.
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New asset is created ArdorBG (14181059775676150956)
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A new dividend payout pool (ARDOR-KGQK-B4AV-M2QE-9S5A9) is created into which 10% of the grid's earnings will be sent
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10% of the proceeds will be used to buy back an asset ArdorBG (14181059775676150956)
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10% goes to me for grid and asset management.
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The remaining 70% will be accumulated to increase liquidity, which would also lead to greater profits on the grid
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I reserve my right to manage the development pool in which 0.1% Trading Royalties from asset ArdorBG (14181059775676150956) will accumulate.
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I reserve the right to change the distribution of percentages of the proceeds.
In order for the grid to exist, in addition to Ignis, Ardor is also needed, so I have provided over 200K Ardor. What I am looking for is not full funding, but additional funding.
Please don't expect huge rewards because the volumes are currently low, but this liquidity is needed to secure new network users. Currently, well-developed projects fail to attract users due to the lack of liquidity.
I want to clarify that I made a few mistakes with the previous asset I created, so I had to buy it back and create a new asset. I decided to look directly for the ultimate goal of the 2.75M Ignis funding. I definitely don't need that many funds to begin with, and most likely I'll never need most of them, but I have to finish the grid completely to minimize all risks to almost 0. I offer asset ArdorBG (14181059775676150956) for sale 1 M share at price 2.75.
And I will say again, every investor should think carefully before financing the project. I don't want to be blamed for low revenue due to lack of volume
Thank you!
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Аsset holders #ArdorBG (14181059775676150956) please vote on Poll ID: 16616096856867783817 before 20.09.2022. The Question is: Do you want 1% of the profits of the liquid grid until 01.01.2023 to be burned?
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In the past 3 weeks of September after the creation of asset #ArdorBG (14181059775676150956) about 2400 Ignis were earned from the liquidity grid. The month was pretty weak and there was no volume in Ardor DEX, but I expect the volume to pick up in the coming weeks. Thanks to the grid investors!
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Before the creation of asset #ArdorBG (14181059775676150956) in the management account (ARDOR-YHJE-V87J-ZAHF-G7S8S) had over 2,000 $Ardr and 192,000 $Ignis this equates to about 7.8% of the total investment I am looking for. I am clarifying this so you know why I take 10% for grid management.
My actual profit would be around 2%. Thank you to those who trusted me, even if they are few at the moment. I promise you that I will do everything in my power to monetize the asset.
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At the moment $Ardr / $Ignis are exchanged 1 / 17.5 the funds I have set aside plus the investment are enough to cover the grid until 1/13. If the price of $Ignis rises against $Ardr above this value it will go off the grid. Until then, I hope for the inclusion of new investators. I hope you understand why investments minimize risk. I posted some numbers but they are more to get information, numbers are too small to get #liquidity
| 1,000 |
1.05 |
1,050 |
|
1,000 |
2.10 |
2,100 |
|
1,000 |
5.20 |
5,200 |
|
1,000 |
10.5 |
10,500 |
| 1,000 |
1.10 |
1,100 |
|
1,000 |
2.20 |
2,200 |
|
1,000 |
5.40 |
5,400 |
|
1,000 |
11.0 |
11,000 |
| 1,000 |
1.15 |
1,150 |
|
1,000 |
2.30 |
2,300 |
|
1,000 |
5.60 |
5,600 |
|
1,000 |
11.5 |
11,500 |
| 1,000 |
1.20 |
1,200 |
|
1,000 |
2.40 |
2,400 |
|
1,000 |
5.80 |
5,800 |
|
1,000 |
12.0 |
12,000 |
| 1,000 |
1.25 |
1,250 |
|
1,000 |
2.50 |
2,500 |
|
1,000 |
6.00 |
6,000 |
|
1,000 |
12.5 |
12,500 |
| 1,000 |
1.30 |
1,300 |
|
1,000 |
2.60 |
2,600 |
|
1,000 |
6.20 |
6,200 |
|
1,000 |
13.0 |
13,000 |
| 1,000 |
1.35 |
1,350 |
|
1,000 |
2.70 |
2,700 |
|
1,000 |
6.40 |
6,400 |
|
1,000 |
13.5 |
13,500 |
| 1,000 |
1.40 |
1,400 |
|
1,000 |
2.80 |
2,800 |
|
1,000 |
6.60 |
6,600 |
|
1,000 |
14.0 |
14,000 |
| 1,000 |
1.45 |
1,450 |
|
1,000 |
2.90 |
2,900 |
|
1,000 |
6.80 |
6,800 |
|
1,000 |
14.5 |
14,500 |
| 1,000 |
1.50 |
1,500 |
|
1,000 |
3.00 |
3,000 |
|
1,000 |
7.00 |
7,000 |
|
1,000 |
15.0 |
15,000 |
| 1,000 |
1.55 |
1,550 |
|
1,000 |
3.10 |
3,100 |
|
1,000 |
7.20 |
7,200 |
|
1,000 |
15.5 |
15,500 |
| 1,000 |
1.60 |
1,600 |
|
1,000 |
3.20 |
3,200 |
|
1,000 |
7.40 |
7,400 |
|
1,000 |
16.0 |
16,000 |
| 1,000 |
1.65 |
1,650 |
|
1,000 |
3.30 |
3,300 |
|
1,000 |
7.60 |
7,600 |
|
1,000 |
16.5 |
16,500 |
| 1,000 |
1.70 |
1,700 |
|
1,000 |
3.40 |
3,400 |
|
1,000 |
7.80 |
7,800 |
|
1,000 |
17.0 |
17,000 |
| 1,000 |
1.75 |
1,750 |
|
1,000 |
3.50 |
3,500 |
|
1,000 |
8.00 |
8,000 |
|
1,000 |
17.5 |
17,500 |
| 1,000 |
1.80 |
1,800 |
|
1,000 |
3.60 |
3,600 |
|
1,000 |
8.20 |
8,200 |
|
1,000 |
18.0 |
18,000 |
| 1,000 |
1.85 |
1,850 |
|
1,000 |
3.70 |
3,700 |
|
1,000 |
8.40 |
8,400 |
|
1,000 |
18.5 |
18,500 |
| 1,000 |
1.90 |
1,900 |
|
1,000 |
3.80 |
3,800 |
|
1,000 |
8.60 |
8,600 |
|
1,000 |
19.0 |
19,000 |
| 1,000 |
1.95 |
1,950 |
|
1,000 |
3.90 |
3,900 |
|
1,000 |
8.80 |
8,800 |
|
1,000 |
19.5 |
19,500 |
| 1,000 |
2.00 |
2,000 |
|
1,000 |
4.00 |
4,000 |
|
1,000 |
9.00 |
9,000 |
|
1,000 |
20.0 |
20,000 |
|
|
|
|
1,000 |
4.10 |
4,100 |
|
1,000 |
9.20 |
9,200 |
|
|
|
|
|
|
|
|
1,000 |
4.20 |
4,200 |
|
1,000 |
9.40 |
9,400 |
|
|
|
|
|
|
|
|
1,000 |
4.30 |
4,300 |
|
1,000 |
9.60 |
9,600 |
|
|
|
|
|
|
|
|
1,000 |
4.40 |
4,400 |
|
1,000 |
9.80 |
9,800 |
|
|
|
|
|
|
|
|
1,000 |
4.50 |
4,500 |
|
1,000 |
10.00 |
10,000 |
|
|
|
|
|
|
|
|
1,000 |
4.60 |
4,600 |
|
|
|
|
|
|
|
|
|
|
|
|
1,000 |
4.70 |
4,700 |
|
|
|
|
|
|
|
|
|
|
|
|
1,000 |
4.80 |
4,800 |
|
|
|
|
|
|
|
|
|
|
|
|
1,000 |
4.90 |
4,900 |
|
|
|
|
|
|
|
|
|
|
|
|
1,000 |
5.00 |
5,000 |
|
|
|
|
|
|
|
|
What is behind the #ArdorBG asset?
The first thing, as you know, is the grid. Grid will be the driving force of the asset, at least initially. The yield from this grid will serve to pay a dividend and place limit orders to buy back the asset. Why will orders be limited? In this way, liquidity of the asset will be ensured.
The next thing and the most important thing is trading royalty. Trading royalty funds will be invested in existing or new developments on the #Ardor platform. It is assumed that investments in these developments, or at least one of them, will be successful and bring income. Part of these revenues will be reinvested, and another part will enter ArdorBG asset in the form of a dividend or buyback. But let's spread it here for now. This is the initial plan of action I wanted to introduce you to.
After studying the Bulgarian legislation related to joint-stock companies, or more precisely the information related to the reverse buyback, I understood the following. There are two options for the redeemed shares. The first is invalidation of shares. And the second is reverse marketing, which like "Market Making". This option definitely surprised me that it was possible, but I definitely liked it because of the trading royalty (0.1%) embedded in the asset.This option would also be good for speculators in the asset. But long-term investors would rely on dividend income and eventual capital gain. So my suggestion is the following:
- Management fee remains 10% of grid revenue.
- 20% is sent to the dividend pool (was 10%)
- 20% for redemption or "market making" (was 10%)
My idea of paying the dividend is on a target (10,000 Ignis) and not on a period of time.I'm putting up a vote on whether you agree with my proposal or not. Please vote before 01.11.2022 on Poll ID: 9091575129564227668.
In the past month of October, the profits from the liquidity grid were about 5,000 Ignis. All the funding I have received so far after the creation of the ArdorBG asset is 66,605 Ignis. During the past month, an increase in the volume of Ardor DEX and a decrease in the spread have been noticed, which shows that we are on the right direction. Starting this month, 20% of the grid profits will be sent to the dividend pool (ARDOR-KGQK-B4AV-M2QE-9S5A9) and 20% will be placed as limit orders to buy back the asset.
Thanks for trust to the investors!
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The good news that Bitswift funded a second Ignis/Bits grid raises several questions for ArdorBG investors.
- asset ArdorBG you can buy or sell it in both child chains, which makes it more flexible.
- 20% determined for ArdorBG asset buyback, orders will be placed only in Ignis, for the time being, only Ignis will win the new grid. All BITS earned will be stored for grid diversification purposes.
- Ignis' final funding village (3M) decreased because 70,000 assets were put up for sale on the BITS chain
- Dividend will also be paid only in Ignis. Someday I hope this changes and we pay a dividend in BITS as well, but at the moment we are at a very far point from the target price of BITS.
1 Like
Why ArdorBG?
When you're investing individually to a grid, you have a lot of question marks about the success rate of your investment.
The first thing is the large amount of coins needed to cover the possible limits of the trend. At full funding I will cover Ardr/Ignis from 1/100 to 100/1. In my opinion, this is enough to cover the possibilities of the trend. Beyond these boundaries we are already entering the "shitcoin" column.
The second big question mark is when can we opt out of our invest? If you are an individual grid investor, you are dependent on the trend position to exit part or all of your investment. One of the most important goals I have set for the ArdorBG asset is liquidity, this 20% buyback is set for that. That way, I think everyone would get out of their investment easily.
Why does ArdorBG asset have a trading royalty? These funds will be used to invest in projects on the Ardor platform. If these projects have a return, these funds will enter in some form into an ArdorBG asset.
If you have additional questions about the ArdorBG asset, you can always ask me.
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In the past November, grid earnings were about 18,800 Ignis. Volatility was seen several times during the month and a smaller spread. The dividend pool ( ARDOR-KGQK-B4AV-M2QE-9S5A9 ) collected over 4,400 Ignis, which is over 44% of the dividend distribution target. The report comes out shortly before the end of the day, because I will be quite busy in the coming days. Please audit ARDOR-YHJE-V87J-ZAHF-G7S8S, I may make mistakes. I review the information several times, but we are human and we make mistakes.
New Distribution of Grid Revenue:
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Dividend: between 20%-50% of revenues
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buyback: between 10%-50% of revenue
The experience of the previous months shows me that if I have more flexible options, I can act more correctly in relation to the current situation.
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Dividend: Dividend distribution is of utmost importance for the asset. Ignis by itself does not bring any profitability, if we store it, through the opportunities that the ArdorBG asset gives us, we will be able to receive a profit for the fact that our Ignis are invested in the grid. At the moment the grid is not well funded, however we have a stock of Ignis, this allows in the current situation to send a large % of profits to the dividend payout pool. Of course, the trend is changing and we may end up in a position where Ignis will be valuable and then it will be necessary to reduce the % to pay the dividend. This flexible approach would allow me to act more adequately to the current situation. And in addition, it is important to mention that it is possible that up to 80% of the earnings will be paid out as a dividend.
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Buyback: This point is, in my opinion, more important than paying a dividend. Liquidity of the asset will be ensured through limited repurchase orders. I will try to maintain small spreads and good liquidity, so an investor will not have to hold his long position for a long time. Here, too, a more flexible approach is needed according to the situation. If we currently have good liquidity and limit buy orders from investors, we do not need to close funds in orders, but can use them to pay a dividend.
Monthly report for December:
In December, grid revenue was 14 400 Ignis. In the dividend pool ( ARDOR-KGQK-B4AV-M2QE-9S5A9 ) collected over 7 400 Ignis, which is over 74% of the dividend distribution target, if the voting in Poll 15828371335622575765 is success I expect the first dividend to be paid this month.
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New rule for asset ArdorBG - anti-dilution:
Looking for a way to solve the liquidity problem with the ArdorBG asset and discussing this with a friend of mine, it turned out that the asset has a bigger problem and that is dilution. Early investors, those who invested at the very beginning after the creation of the asset received as much dividend as those shortly before the dividend was distributed. In this way, I have also created the conditions for speculation, if someone invests the funds just before the dividend distribution, receives the dividend and then immediately sells the repurchase orders, he would generate a few percent return in a few minutes. So, instead of getting the liquidity I promised, early investors will be even more disadvantaged. So I had to immediately introduce a new asset rule :
Initial Issue Price + Dividend Paid per Share + (Accumulated Dividend in Pool / Shares Outstanding) = Current Issue Price or "2.75 + 0.04567 + (1200 / 218878) = 2.80116 or 2.80 per share"
In this way, early investors can place a sell order below the issue price and thus sell off to later investors. Of course I continue to place buyback orders.
This way we will protect our original investors. Sincere apologies and thanks!
I also want to thank my friend Georgi, who helps me so much in legal and investment matters!
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