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Author Topic: [BitFunder] Ukyo.Loan - Paying 0.05% daily.  (Read 61730 times)
Peter Lambert
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July 19, 2013, 02:01:07 PM
 #21

It sounds more profitable than other bonds or stocks like AM etc.
How many shares are you going to issue?when?

How come it become more profitable than AM? get AM price multiply by 0.0005 and x 7 days, AM dividend still higher.

I don't know about AM, but to compare you have to multiply by 1.0005^7 (assuming reinvestment of dividends) for maximum profitability.  That's .35% in a week.  In a year that's 20% returns.

Last I checked, AsicMiner was giving about 0.5 % per week in dividends. That may go down as more power is added to the mining network.


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tinus42
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July 19, 2013, 05:21:11 PM
 #22

This seems pretty safe if you are already invested at Bitfunder. Because if you can't trust Ukyo you can't trust any investment on there. Wink
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July 19, 2013, 06:15:03 PM
 #23

This seems pretty safe if you are already invested at Bitfunder. Because if you can't trust Ukyo you can't trust any investment on there. Wink

Thanks Tinus Smiley
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July 19, 2013, 08:28:54 PM
 #24

Off-topic: https://bitcointalk.org/index.php?topic=99497.msg2764255#msg2764255

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July 19, 2013, 11:43:33 PM
 #25

doesnt matter

if you lose all of this invsetment and everyone wants their btc back

will you raid bitfunder user balances to repay this loan

ukyo answer

Uh, No?
We are talking 1.5BTC per day at absolute max.
BitFunder easily makes that.

Btw, I would appreciate you removing '[BitFunder]' from the title of your asset post on here since it is misleading people and you are not actually listed on BitFunder.

-Ukyo


My account was hacked and the conversation you had was not with me. I am terribly sorry for any inconvenience. Just check out my other posts for July 17th and 18th. They are scams from a hacker.

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July 21, 2013, 01:38:49 PM
 #26

So how many shares will there be issued in total?
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July 22, 2013, 02:07:42 PM
 #27

So how many shares will there be issued in total?

I second this question.

Additionally: "- Shares can be redeemed at face value anytime upon request."

How does this work?  Does this mean if I buy a share right now at 0.01 I can redeem that share with you for 0.01?
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July 22, 2013, 02:33:35 PM
 #28

So how many shares will there be issued in total?

I second this question.

Additionally: "- Shares can be redeemed at face value anytime upon request."

How does this work?  Does this mean if I buy a share right now at 0.01 I can redeem that share with you for 0.01?

Yes, because they aren't really shares, they're more like bonds. Instead of owning a part of a company, you loan coins out to a company. Unlike shares, the price of bonds shouldn't fluctuate much. They can change somewhat if the commonly accepted interest percentage changes (if bonds with higher interest are issued, older bonds will go down in price somewhat) or if the risk of default changes. But normally the price should fluctuate within a few % of the face value.

Regular bonds typically have an expiration date at which time the face value is paid back. This bond doesn't have that, but the redemption guarantee allows investors to set their own expiration date at will, which makes it more interesting than a standard bond.
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July 22, 2013, 04:25:36 PM
 #29

So how many shares will there be issued in total?

I second this question.

Additionally: "- Shares can be redeemed at face value anytime upon request."

How does this work?  Does this mean if I buy a share right now at 0.01 I can redeem that share with you for 0.01?

Yes, because they aren't really shares, they're more like bonds. Instead of owning a part of a company, you loan coins out to a company. Unlike shares, the price of bonds shouldn't fluctuate much. They can change somewhat if the commonly accepted interest percentage changes (if bonds with higher interest are issued, older bonds will go down in price somewhat) or if the risk of default changes. But normally the price should fluctuate within a few % of the face value.

Regular bonds typically have an expiration date at which time the face value is paid back. This bond doesn't have that, but the redemption guarantee allows investors to set their own expiration date at will, which makes it more interesting than a standard bond.

Makes sense.  I sent a message to Ukyo via BitcoinTalk PM yesterday but have yet to receive a reply back.  I'm going to request a redemption and I assume that is done by contacting Ukyo.  Can someone confirm that PM'ing Ukyo on BitcoinTalk is the procedure for starting the redemption process?  It doesn't specify exactly who to contact and how.
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July 22, 2013, 06:46:41 PM
 #30

Makes sense.  I sent a message to Ukyo via BitcoinTalk PM yesterday but have yet to receive a reply back.  I'm going to request a redemption and I assume that is done by contacting Ukyo.  Can someone confirm that PM'ing Ukyo on BitcoinTalk is the procedure for starting the redemption process?  It doesn't specify exactly who to contact and how.

I actually wondered about this; if I put my shares up for sale at the same price as Ukyo (with a much lower quantity, obviously), would my shares be sold first or would Ukyo's?  I'm curious how the order book entries on Bitfunder are prioritized if price is equal.
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July 22, 2013, 06:48:18 PM
 #31

Makes sense.  I sent a message to Ukyo via BitcoinTalk PM yesterday but have yet to receive a reply back.  I'm going to request a redemption and I assume that is done by contacting Ukyo.  Can someone confirm that PM'ing Ukyo on BitcoinTalk is the procedure for starting the redemption process?  It doesn't specify exactly who to contact and how.

I actually wondered about this; if I put my shares up for sale at the same price as Ukyo (with a much lower quantity, obviously), would my shares be sold first or would Ukyo's?  I'm curious how the order book entries on Bitfunder are prioritized if price is equal.

The default way to do it is to execute the oldest order first.
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July 22, 2013, 08:29:00 PM
 #32

That makes sense, and is in line with what I figured.
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July 22, 2013, 10:12:28 PM
 #33

To follow up on my post, within 24 hours of contacting Ukyo via PM here, I was able to redeem over 40 BTC's worth (4000+ shares) of Ukyo.Loan.  The process was easy and fast.  And for the time that I did own those shares, the dividends were always there daily, exactly as promised: 0.05% daily return.  Ukyo is an A+ person to do business with in my book.
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July 24, 2013, 11:35:03 AM
 #34

I didn't receive any Ukyo.Loan dividends today (they usually arrive early morning US time).  Did anyone else get them as usual?
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July 24, 2013, 12:11:54 PM
 #35

I didn't receive any Ukyo.Loan dividends today (they usually arrive early morning US time).  Did anyone else get them as usual?

Today's dividends aren't listed in the Dividends pane either:

https://bitfunder.com/asset/Ukyo.Loan#pane_divs
TradeFortress
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July 24, 2013, 12:12:54 PM
 #36

Ukto, set up a cron script already.

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July 24, 2013, 12:54:52 PM
 #37

looks like a scam already

Shame you on Ukto
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July 24, 2013, 01:23:41 PM
 #38

looks like a scam already

Shame you on Ukto
says the guy with 11 post
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July 29, 2013, 06:50:20 PM
 #39

No dividends today?
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July 29, 2013, 09:23:00 PM
 #40

Quote
Date                          Shares       Price Per            Total
2013-07-29 16:07:28   200,000      ฿0.00000750       ฿1.50000000
Ukyo has overdelivered?  Roll Eyes
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