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Author Topic: Omicron - Dividend-Issuing Currency - Sixth dividends issued: 437 sats/OMC  (Read 53315 times)
YTBitcoin
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September 22, 2016, 09:53:09 PM
 #481

What is next step sir? List this coin on exchanges, and complete the roapmap, is it correct?

Omicron was very recently listed on Yobit, although currently has next to no volume as IAO and swap distribution is halfway through.

https://yobit.net/en/trade/OMC/BTC

I want to know that if I buy OMICRON on Yobit and let them at that exchange then will I be able to get the dividends? How will that work for me if I buy your coins on exchange? Or only the participants of ICO using your older channel will get that benefit.

Doesn't matter where you buy them. As long as you are buying them and putting at least 10,000 omc in your wallet and share your BTC address you will be able to get dividends.

thanks for your details of info, and I have one another question. Suppose I collect that much OMICRON after a few weeks when ICO will be finished then at that time I will have the opportunity to be able to get the dividends?

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September 22, 2016, 11:06:37 PM
 #482

Suppose I collect that much OMICRON after a few weeks when ICO will be finished
ICO IS finished.

then at that time I will have the opportunity to be able to get the dividends?
That is the point of this currency, yes, if you got 10000 OMC.

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September 22, 2016, 11:15:52 PM
 #483

"Biweekly dividends ensure that no matter the price of the asset, the asset owner always will receive a 0.00001% share of the dividend pool, per Omicron, every 2 weeks" U just need to multiply that 4 ur coins and u will know how much u get.

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September 23, 2016, 12:01:33 AM
 #484

"Biweekly dividends ensure that no matter the price of the asset, the asset owner always will receive a 0.00001% share of the dividend pool, per Omicron, every 2 weeks" U just need to multiply that 4 ur coins and u will know how much u get.

Scenario A:
121BTC assets
John has 10,000 OMC
50BTC is traded and 50BTC is lent.

Gladimor scores a nice 50% profit on those 50BTC = Net 25BTC profit. (10,000*0.00001)
John gets .1 PERCENT of 25BTC (0.0250btc) at the end of the two week period + whatever interest the loan yields.

Does my math check out?

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September 23, 2016, 01:14:36 AM
 #485

"Biweekly dividends ensure that no matter the price of the asset, the asset owner always will receive a 0.00001% share of the dividend pool, per Omicron, every 2 weeks" U just need to multiply that 4 ur coins and u will know how much u get.

Scenario A:
121BTC assets
John has 10,000 OMC
50BTC is traded and 50BTC is lent.

Gladimor scores a nice 50% profit on those 50BTC = Net 25BTC profit. (10,000*0.00001)
John gets .1 PERCENT of 25BTC (0.0250btc) at the end of the two week period + whatever interest the loan yields.

Does my math check out?



Does the following help?

In a nutshell, I need to buy 10.000 OMC in this ICO so I will be getting BTC dividend. That is ~ 1,2 BTC... Once I am invested... What will be my approximate profit? How much BTC biweekly can be expected?

On the current lending rates, you are looking at a basic of 0.67% of principle, biweekly. That is just for the lending interest considering half of the capital is locked for loans. The variable rate will of course, be variable, and I cannot give you an exact number because it is altcoin trading. Based on my past performance of my trading service in Delta Investments, I can say that the average should be around 10% biweekly from altcoin trading if half the capital is used for trading. So the total biweekly return would be ~10.67%. This is just a statistical number, and will of course be different every 2 weeks.

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September 23, 2016, 02:18:41 AM
 #486

I feel that we should invest everything in trading since is the most profitably option here. Besides look what happened w/ bitfinex, people that loaned the btc for margin trading ended loosing alot after the hacking and they were earning too little btc for the type of risk they were taking. Maybe gladimor can clarify where does he loan the btc? If is in an exchange i would prefer that he use those btc to buy altcoins. what u guys think?

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September 23, 2016, 02:21:59 AM
 #487

"Biweekly dividends ensure that no matter the price of the asset, the asset owner always will receive a 0.00001% share of the dividend pool, per Omicron, every 2 weeks" U just need to multiply that 4 ur coins and u will know how much u get.

Scenario A:
121BTC assets
John has 10,000 OMC
50BTC is traded and 50BTC is lent.

Gladimor scores a nice 50% profit on those 50BTC = Net 25BTC profit. (10,000*0.00001)
John gets .1 PERCENT of 25BTC (0.0250btc) at the end of the two week period + whatever interest the loan yields.

Does my math check out?



I think the .1 percent of 25 is 0.25 . That's not a bad return atleast for me. Besides u still own the coins.

 

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September 23, 2016, 02:36:36 AM
 #488

Dividend registration page has been fixed. Sorry about that.

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September 23, 2016, 02:49:22 AM
 #489

"Biweekly dividends ensure that no matter the price of the asset, the asset owner always will receive a 0.00001% share of the dividend pool, per Omicron, every 2 weeks" U just need to multiply that 4 ur coins and u will know how much u get.

Scenario A:
121BTC assets
John has 10,000 OMC
50BTC is traded and 50BTC is lent.

Gladimor scores a nice 50% profit on those 50BTC = Net 25BTC profit. (10,000*0.00001)
John gets .1 PERCENT of 25BTC (0.0250btc) at the end of the two week period + whatever interest the loan yields.

Does my math check out?



Does the following help?

In a nutshell, I need to buy 10.000 OMC in this ICO so I will be getting BTC dividend. That is ~ 1,2 BTC... Once I am invested... What will be my approximate profit? How much BTC biweekly can be expected?

On the current lending rates, you are looking at a basic of 0.67% of principle, biweekly. That is just for the lending interest considering half of the capital is locked for loans. The variable rate will of course, be variable, and I cannot give you an exact number because it is altcoin trading. Based on my past performance of my trading service in Delta Investments, I can say that the average should be around 10% biweekly from altcoin trading if half the capital is used for trading. So the total biweekly return would be ~10.67%. This is just a statistical number, and will of course be different every 2 weeks.

ahh thanks.. yeah I missed that reply.

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September 23, 2016, 02:52:19 AM
 #490

I feel that we should invest everything in trading since is the most profitably option here.
Generally, I very much agree. But... Is that trading all in is practically doable for Adam? Maybe there is too much capital already to put all into trading. My little understanding of trading tells me that there are limits. One can do day trading strategies with 1 - 1000 K, but above that capital one must park that superfluous money in long term investments. Time also is not unlimited. I certainly do not wish to overextend Adam. So I speculate there may be such a reason why Adam structured this coin as is.

Besides look what happened w/ bitfinex, people that loaned the btc for margin trading ended loosing alot after the hacking and they were earning too little btc for the type of risk they were taking.
I very much agree. The risk / benefit ratio really is not worth using lending on exchanges. However, I accepted the offer as originally described.

If is in an exchange i would prefer that he use those btc to buy altcoins. what u guys think?
Should be up to Adam only. Really should not become a popular vote.

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September 23, 2016, 03:12:58 AM
 #491

I feel that we should invest everything in trading since is the most profitably option here. Besides look what happened w/ bitfinex, people that loaned the btc for margin trading ended loosing alot after the hacking and they were earning too little btc for the type of risk they were taking. Maybe gladimor can clarify where does he loan the btc? If is in an exchange i would prefer that he use those btc to buy altcoins. what u guys think?

Trading is not really as black and white as it seems. I am not an "invincible" trader, I am as susceptible to faults as any other trader. I would like to cut down on the impact if anything wrong were to happen by spreading the funds in areas where risk is considered relatively low.

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September 23, 2016, 03:55:36 AM
 #492

Quote
the asset owner always will receive a 0.00001% share of the dividend pool, per Omicron, every 2 weeks.

I think a very important part of the remaining OMC has been overlooked.

Out of 10M, 1,008,333 were sold for BTC (121 BTC / 0.00012000) + 700,000 for swaps. There are currently 8,291,666 OMC not sold which represent 83% of the dividend share.

I suppose that would be spread over all the current circulating OMC temporarily getting a much larger share than 0.00001% per OMC and decreasing as assets become active no?




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September 23, 2016, 05:20:07 AM
 #493

Quote
the asset owner always will receive a 0.00001% share of the dividend pool, per Omicron, every 2 weeks.

I think a very important part of the remaining OMC has been overlooked.

Out of 10M, 1,008,333 were sold for BTC (121 BTC / 0.00012000) + 700,000 for swaps. There are currently 8,291,666 OMC not sold which represent 83% of the dividend share.

I suppose that would be spread over all the current circulating OMC temporarily getting a much larger share than 0.00001% per OMC and decreasing as assets become active no?






That is what I was exactly thinking. Since there are at most 2m coins sold (calculating that someone sold below 12k satoshi) the dividend share should be more than targeted 0.00001%. I think we can be sure when Adam presents the final numbers. But this should be true.

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September 23, 2016, 07:07:08 AM
 #494

wallet not syncing. block explorer stopped at block 2032. and wallet downloaded all 2032 blocks, so it's not the wallet  i guess
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September 23, 2016, 07:26:38 AM
 #495

and the wallet says it is staking, though not synced
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September 23, 2016, 09:59:47 AM
 #496

it's ok now
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September 23, 2016, 11:56:46 AM
 #497

Quote
the asset owner always will receive a 0.00001% share of the dividend pool, per Omicron, every 2 weeks.

I think a very important part of the remaining OMC has been overlooked.

Out of 10M, 1,008,333 were sold for BTC (121 BTC / 0.00012000) + 700,000 for swaps. There are currently 8,291,666 OMC not sold which represent 83% of the dividend share.

I suppose that would be spread over all the current circulating OMC temporarily getting a much larger share than 0.00001% per OMC and decreasing as assets become active no?






Considering 11.5 btc sent at 0.00009 price and 30-35 btc sent around 0.000105 price, I think we might be looking at something around 1,057,539 OMC sold through BTC. Plus the swapped coins (700,000 OMC) we should have a total asset number of +-%5 1,757,539 OMC which are going to get dividends from the profits made with the collected 121 BTC + sold swapped coins.

So those who have 10,000 omc should at least get +-%0.0056 profit share before Gladimor sells more coins to private investors, which will raise the amount of the funds thus lowering the profit shares of the holders.

Please confirm Gladimor. And a nice sheet that calculates how much coins were sold and the address with the unsold coins would be very nice for transparency as the address with most coins now has 6m and we are pretty sure no more than 2m should be in circulation. Wink



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September 23, 2016, 11:57:57 AM
 #498

Quote
the asset owner always will receive a 0.00001% share of the dividend pool, per Omicron, every 2 weeks.

I think a very important part of the remaining OMC has been overlooked.

Out of 10M, 1,008,333 were sold for BTC (121 BTC / 0.00012000) + 700,000 for swaps. There are currently 8,291,666 OMC not sold which represent 83% of the dividend share.

I suppose that would be spread over all the current circulating OMC temporarily getting a much larger share than 0.00001% per OMC and decreasing as assets become active no?






Considering 11.5 btc sent at 0.00009 price and 30-35 btc sent around 0.000105 price, I think we might be looking at something around 1,057,539 OMC sold through BTC. Plus the swapped coins (700,000 OMC) we should have a total asset number of +-%5 1,757,539 OMC which are going to get dividends from the profits made with the collected 121 BTC + sold swapped coins.

So those who have 10,000 omc should at least get +-%0.0056 profit share before Gladimor sells more coins to private investors, which will raise the amount of the funds thus lowering the profit shares of the holders.

Please confirm Gladimor. And a nice sheet that calculates how much coins were sold and the address with the unsold coins would be very nice for transparency as the address with most coins now has 6m and we are pretty sure no more than 2m should be in circulation. Wink




Your math looks accurate. Final distribution counts will be available soon.

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September 23, 2016, 05:06:53 PM
 #499

I think the .1 percent of 25 is 0.25 . That's not a bad return atleast for me. Besides u still own the coins.

Nop, according to the math we have been taught in school, 0.1 percent of 25 makes 0.025. Its always that way, even when it comes to finances Smiley

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September 23, 2016, 05:11:40 PM
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Considering 11.5 btc sent at 0.00009 price and 30-35 btc sent around 0.000105 price, I think we might be looking at something around 1,057,539 OMC sold through BTC. Plus the swapped coins (700,000 OMC) we should have a total asset number of +-%5 1,757,539 OMC which are going to get dividends from the profits made with the collected 121 BTC + sold swapped coins.

So those who have 10,000 omc should at least get +-%0.0056 profit share before Gladimor sells more coins to private investors, which will raise the amount of the funds thus lowering the profit shares of the holders.

Please confirm Gladimor. And a nice sheet that calculates how much coins were sold and the address with the unsold coins would be very nice for transparency as the address with most coins now has 6m and we are pretty sure no more than 2m should be in circulation. Wink

Good calculation, I suppose that makes 0.000056% per coin, which is 0.56% per share of 10,000 coins.

But there is one more question here: definitely not all coins will be used as shares (as not everyone has 10,000 OMC, and some people will probably not register their addresses, and may use coins for trading). So the question is: should the dividends be divided by the overall number of coins (+-%5 1,757,539 OMC, as you say), or only to number of coins at registered addresses?

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