Bitcoin Forum

NXT AE Asset ID: 979292558519844732
http://nxtreporting.com/?as=979292558519844732

This is an automated trading fund for NXT asset exchange. Its goal is to provide market making for most liquid AE assets. Also we strive to move most of NXT trading to NXT AE Multigateway assets, thus providing additional liquidity for NXT which should assist in keeping its price more stable. Trading will be carried out at NXT Asset Exchange and other exchanges supporting NXT.

Trading is both long and short, that is you buy lower to sell higher and you sell higher to buy back lower. The profit is converted to NXT, also when trading MGW assets profit can also be realized in corresponding crypto, and converted to NXT afterwards.

There's 50 mil MMNXT shares. IPO will be carried out based on current projected monthly 10% profit, that means that initially around 2 mil shares at 1 NXT each will be sold. The fund will payout 60% of the profit, dividend payments will be made weekly on Fridays. The fund statistics will be published daily in this thread and at a special website mmnxt.com (not live yet).

Roadmap for the fund development:

October - November 2014:

NXT AE market making for the most liquid assets. MGW cryptocurrency assets Market Making (we also participate in MGW servers maintenance )

November 2014:

Arbitrage trading for BTER, Poloniex, Cryptsy.

We plan to trade on InstantDEX as soon as it's live.

We also run Bitcoin trading bots privately, they can be included in the fund portfolio in future based on its performance.

Trading stats: http://mmnxt.com

Around of 60% of initial 2 mil batch is sold out at the moment.

nxtforum thread: https://nxtforum.org/assets-board/mmnxt-market-making-and-arbitrage-fund-for-nxt-ae/

10% profit a month. Right.  ::)

Nice ponzi.

Strange comment. All stats is open, you can watch our bot trading live.

ICO is sold out.

Where? The link you provided for stats: http://www.mmnxt.com/ can easily be faked. Even if you were able to maintain 10% profit each month.. Is that in NXT, or in BTC? NXT has been dropping like a rock for a couple months now.

Please check our NXTforum thread, there's an expansive discussion of all details there. The profit is in NXT, NXT will come back.

This can only go two directions is either ponzi or scam.

My point.

These are bold statements, since bot can be tracked in real time through its NXT account. I urge you to check nxtforum thread.

This?
http://nxtreporting.com/?ac=NXT-LS4D-ZRUN-QBDN-8JGMG

Nearly every order is canceled, and the few that are executed don't generate much profit (this is from scrolling through the first several hundred of the 12,500 total). In the off chance you are making these returns, your nuts if you think they will hold up. Maintaining 10% a month is impossible for bot trading.

Sorry you don't quite understand how it works. This is a market making bot so the cancellations are from that, it keeps buy/sell pair and moves the positions in the pair.
You can achieve more than 10% monthly, have you heard about inefficient markets? NXT AE is clearly inefficient at the moment.

It's not impossible, because they are reaping off the buyers and the sellers.
This account had a buy order just in front of me and when I saw a sell order that was at an interesting price I wanted to get it so I cancelled my buy order and went to buy mgwbtc at 18202. Despite this bloody bot (NXT-LS4D-ZRUN-QBDN-8JGMG) having put a sell order at 18201 while I was buying at 18202, it was the lucky recipient of the selling order at 18202 and for  my 7280 nxt buy, I got served only a tiny amount of 1,82 nxt.
They have implemented a bot with features that we don't have access to and according to the time you are putting your orders as they control the market they have the capacity to put their order after you and get the price you are fetching.
 It's frustrating to know that the very people who want the masses get into the world of cryptocurrency by criticysing the banksters and the capitalist system are doing worse because we enter another world they claim is decentralized but they have the power to implement features that are for they own benefit and the client is always the looser... Sorry for my English...

Bloody suckers, you are ripping off people by manipulating the book orders just a few milliseconds before being served...
 I have nothing against the bots but the fact that you have access to mgw to implement some features that would allow you to buy or sell an asset that you normally wouldn't buy or sell just at the time someone places an order so you take advantage of someone else's action is amoral and unfair.
I hope one day we'll be able to bring you, bloody suckers, to justice so you'll have to give back the money you are stealing from people.

Your accusations are completely unjustified, we do not use any "illegal" features of NXT AE. We could, but we don't.

Purely technical question.

Does the multigateway system enable the frontrunnning of orders by ANY party? From a technical standpoint, of course. And if the answer is yes, who are those parties? Thx.

Actually frontrunning is about to be dead before it is born, it will be banned on network level in 1.4 release of NXT core.
Multigateway is not directly related to NXT AE, it has nothing to do with front-running.
At the moment front-running IS possible, but I can't see anybody using it.

Ok. So as I thought Amalgamus is full of shit lol. I'm somewhat bittersweet at having sold out my MMNXT at a 15-20% profit, on one hand I made 3 months of time, on the other I can't buy back in at a lower price :)

Thx and good luck.

You sold too early :) But we're just starting so it's fine.
As for Amalgamus - if someone has a problem with our bot why not code his own :)

Weekly dividend has been sent. I decided to send the full 100% profit before we launch new Bitcoin and arbitrage bots. Currently the profit is not that high, so we are ready to pay 100% of it, to prepare you for the time when the profits should be 10-100 times as much as what he have now.

I must say AE is definitely on the rise, a lot of new assets and nice trading volume for established ones. Next week we'll start the arbitrage bot, the week after that market making Bitcoin bot.

MMNXT shares are trading at Poloniex.com now https://www.poloniex.com/exchange/btc_mmnxt
This week we're starting arbitrage and Bitcoin market making bots.
Currently it's trading at around 70% premium to initial price.

New stats is integrated at MMNXT.com
Bot makes around 0.5 BTC daily at the moment

Weekly dividend has been processed.
Shares can be bought at Poloniex.com (ticker mmnxt) and at NXT AE exchange (MMNXT asset)

We crossed 50 K NXT per week profit. I remind you that mmnxt shares can be bought at NXT AE, Polo. If you need it in bulk you can contact me directly through PM.

I picked some of these up and got some small dividends. Might add more later. Thanks you for the update!

well, it's not so small :)
thank you for being with us anyway.

I dont have a lot of them, so for me it was small. I cant speak for others of course. Keep up the good work.

weekly dividend has been sent. Currently monthly profit is in the range of 4%. Launching spread trading bots soon, stay tuned.

Regular dividend has been paid.
We're the third most traded asset at NXT AE.

Please check this annoucement on nxtforum if you don't follow MMNXT developments there:
https://nxtforum.org/cryptoasset-fund-projects/mmnxt-market-making-and-arbitrage-fund-for-nxt-ae/msg180942/#msg180942

Weekly dividend:
MMNXT (979292558519844732) Total issued assets: 50000000, Assets to be distributed to: 8104934
Summary of proposed distribution of  48472NXT to 341 assetholders
Based on ownership at timestamp 48193576 (Fri, 05 Jun 2015 07:06:16 GMT)
Message included-->Dividend from asset MMNXT(979292558519844732): MMNXT dividend

Due to NXT network update trading volume was a little smaller last week, but of course it will grow the next one.
Asset price climbs higher, sending to the escrow seems to be the right decision. It should cross 2NXT level not before too long.

Weekly dividend has been paid. Asset price climbs to 2 NXT at Asset Exchange, you might want to check it out :)

Haven't updated this in a while,
MMNXT is alive and kicking, generally more action at NXT AE now, and much more action is ahead.
Take a look, NXT asset exchange is amazing.

Why is this up 500% today?!?!

could see some more fun $MMNXT .. volume off the page!  8)

anyone think this could climb again?

If you look at the high volume gains and low volume falls and how walls have been used to move the value, it looks like large pre-pump accumulation to me.

MMNXT MMNXT 1156.00633583 0.00000000 0.00000000 Withdraw
ı have 1156 mmnxt

What can I do with it?

 I'm not too familiar with this market making bot, but I heard some things about it.  How can I read more information about market making bots? And how can I implemented with my project ?

 Let me see if I understand it correctly. For example if I want to make ICO and 90% of the funds I want to send to the market maker so the price of my token won't go down..
 Is this same kind of market maker bot you are talking about?

hello i have     1156.00633583   MMNXT   , but this coin frozen poloniex, please help me