Omicron - OMC

[proletariat]

"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.

[someone111]

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.

[Gladimor]

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.

[proletariat]

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?

[olcaytu2005]

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.

[zyrianka]

wallet not syncing. block explorer stopped at block 2032. and wallet downloaded all 2032 blocks, so it's not the wallet  i guess

[zyrianka]

and the wallet says it is staking, though not synced

[zyrianka]

it's ok now

[olcaytu2005]

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.

[Gladimor]

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.

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

[drays]

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

[drays]

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.

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?

[olcaytu2005]

I think the number should be divided by registered addresses. So if 10 adresses submit, the profit should be shared among submitted addresses according to their balances in other words their shares (OMC they own).

[Gladimor]

I think the number should be divided by registered addresses. So if 10 adresses submit, the profit should be shared among submitted addresses according to their balances in other words their shares (OMC they own).

That is correct. Dividends are split between registered addresses.

[someone111]

In other words, there is no incentive for multi accounting. If there was, that would be awful. Glad there is none.

[olcaytu2005]

I think the number should be divided by registered addresses. So if 10 adresses submit, the profit should be shared among submitted addresses according to their balances in other words their shares (OMC they own).

That is correct. Dividends are split between registered addresses.

That is the best news I've heard recently. I'm sure there there won't be a lot of registered addresses in the beginning and we will be getting high profits in the beginning. Than people will jump on this hidden gem.

[someone111]

I got a problem. I needed to sent that 0.01 OMC for dividend registration. The unwanted side effect was, that relevant fraction of my OMC was sent to a change address of mine.

Obviously now I am only registered with my main OMC address that holds most, but not all of my OMC.

If I were to register that change address, the mess would spread. More change addresses.

How do I get out of this mess? How do I move back the coins to my main OMC address? Somehow use the coin control feature?

[Cryptco]

I got a problem. I needed to sent that 0.01 OMC for dividend registration. The unwanted side effect was, that relevant fraction of my OMC was sent to a change address of mine.

Obviously now I am only registered with my main OMC address that holds most, but not all of my OMC.

If I were to register that change address, the mess would spread. More change addresses.

How do I get out of this mess? How do I move back the coins to my main OMC address? Somehow use the coin control feature?

   
Dividends


Omicron is the first dividend issuing cryptocurrency that will be bound to its own blockchain and will be able to be traded on exchanges.

How to receive dividends?

A minimum sum of 10,000 Omicron in a single address is required to receive bi-weekly dividends. On every-other Saturday on a random time, Bitcoin dividends will be issued to registered addresses with balances of over 10,000. This amount needs to be in the address at the time of dividend-issuance.

How to register an address?

 Send 0.01 OMC to this address from the address you are using to receive dividends (verification purposes): 7DsgZ1iQdLm5PAHCTSMRvotjzd721EToXu

 Fill out the form on the right to become a registered address on http://delta.investments/iao/

Every two weeks on Saturday, the address you registered will be scanned to identify the current balance, and dividends will be issued based on the amount of OMC (over 10,000 minimum).

I understand what you mean.
The form has changed.
You dont need to register your main OMC address.
Transaction ID of 0.01 OMC deposit and you BTC address are sufficient.

[someone111]

So from the TXID, gladimor will figure out himself my main and my change OMC address?

[drays]

I got a problem. I needed to sent that 0.01 OMC for dividend registration. The unwanted side effect was, that relevant fraction of my OMC was sent to a change address of mine.

Obviously now I am only registered with my main OMC address that holds most, but not all of my OMC.

If I were to register that change address, the mess would spread. More change addresses.

How do I get out of this mess? How do I move back the coins to my main OMC address? Somehow use the coin control feature?

I understand what you mean.
The form has changed.
You dont need to register your main OMC address.
Transaction ID of 0.01 OMC deposit and you BTC address are sufficient.

You are right, the form has changed, but I believe the concern of someone111 is still valid, because all hhis coins need to be at the address he registered, otherwise Gladimor cannot determine how many coins he has, and so cannot determine his share. Change address cannot be detected by Gladimor (he can see it in block explorer, but cannot know whether it is change address or for example a Yobit account address).

Thankfully the solution is easy. someone111, you need to re-send all your coins to the address you already registered. Next time you send any transaction, use "Coin Control" features, and explicitly specify the "Change address" to be your registered OMC address!! You will find that field as soon as you turn on teh Coin Control features and go to "Send" panel.

I always enable "Coin control" as soon as I install any wallet, as without that you have too little idea whats going on, and too little control over your funds and inputs. Keep it enabled!