Asset Id: 5892347315238085011
Price per asset: 100 Burst
Dividends: PAID WEEKLY
The N.E.W.S. Asset is basically a diversified look at investing your Burst, while at the same time, stimulating interest in the coin. Let’s break it down into the components shall we?
- N – The first part, or around 22% of the Assets purchased will go to Numerous Assets that have shown potential to be steady earners. Simply put, this is Asset Exchange, never putting all of our eggs in one basket. We’ll do the due diligence on existing and new assets that pop up, and if the consensus is positive then we’ll put in a portion of the assets and let them do their jobs. What stops you from doing this by yourself? Absolutely nothing. But, wouldn’t you rather have curated reports at the end of each week/month (or possibly bi-weekly) on how assets and pools are doing instead of doing everything yourself and going to each and every thread on the forums? This not only stimulates interest in the coin, but supports other miners by having assets pumped into them.
- E – The second part, or again, the next 22% of assets purchased will go into funding an Ethereum rig. Now, before you take out the torches and burn this thread to the ground, hear me out. All of the profits (after electricity costs, of course) from this rig will be pumped and dumped and turned into BTC, which will in turn, be used to purchase Burst to payout all of our asset holders. Now, at this point in time, ETH mining is still profitable, so as long as it’s still profitable, we’ll pump and dump it and use the proceeds to buy more Burst. Once ETH is no longer profitable, we’ll get rid of the physical assets (video cards and all) and either spread out the proceeds to our asset holders, or re-invest into the other segments of N.E.W.S. This part is also completely transparent. We will be mining on a pool and everyone will have access to the mining interface to see how much we’re making exactly with the rig.
- W – The third part, 29.304% will go to a Wide variety of coins. We’ll trade on either Poloniex or C-CEX. We’ll take 29.304% of the assets, convert it into BTC and trade with it on either platform. We will only make Unleveraged Trades, so this basically means that slow and steady will win the race. We won’t be making tons of profits, but on the flipside, we won’t be taking massive loses either. We already have a trader on board who will allow us to piggyback on his trades, or more specifically, he’ll be driving our account. Again, totally transparent, we’ll set up bi-weekly TeamViewer sessions with maybe two or three of our biggest asset holders to take a tour of the account and verify that trades were indeed made, and of course to see if we’re in profit or not.
- S – The fourth and final 14.69%; with 40% reinvested and 50% paid as dividends to the asset holders will go to Standard Burst mining: 1 asset equates to 26.214 MB of mining power.
You might ask, only 88%, where does the other 12% go? Simple. 5% goes to admin fees, yes, managing assets is actually work, and we have to feed ourselves. The other 5% goes to Crowdfunding. We have to give something for the community to make us burst into the mainstream. And the final 2% goes to the float, this is for when exchange rates are down, and it would be counter intuitive to payout dividends by converting from one coin to the other.
Now for the fun stuff. The Math.
The first three segments are all variable so it basically goes like this:
- 50% of all the profits from the first three activities paid out to all asset holders.
- 40% will be reinvested.
- 10% will be taken in the form of maintenance fees.
So, to make it simpler to understand, quick bullet points.
- First Activity (N): Assets/Pools will pay out in burst, so more likely, we’ll use the payouts for these to reinvest in other Assets.
- Second Activity (E): The payout for this is in ETH. So we’ll exchange the ETH earned into BTC and then buy Burst to payout dividends of asset holders.
- Third Activity (W): The payout/profits for these will be mostly in BTC, so it can either be turned into burst to payout dividends OR cashed out to purchase additional physical assets for the ETH mining
Now, for the standard mining part of our asset, every 1 Asset gets you 26.214 mb mining power. So no matter how good or how bad the other segments perform, you’ll always get 26.214 mb mining power per asset share that you put in, everything else is variable. 10% will be taken in the form of maintenance fees.
See the beauty of the system? We’re keeping burst in the system, and using other coins to promote and stimulate Burst interest by using other coins to actually BUY Burst, instead of just mining them and paying out dividends, which will probably be turned to BTC anyway. This way, we’re supporting other Burst miners by investing in their Assets and at the same time using BTC earned through other coins to buy more Burst from those who want to get rid of theirs.
Also, we are giving away 5% referral bonus. That’s the best way to stimulate interest and referrals. This will be an extra labor for us but it’s a good way of promoting this asset or specifically, Burst to others.
Please take your time answering our 6-question poll if you are able. You will have a part to help shape this asset a lot before the launch date.
Thank you very much for your interest and your time.
The N.E.W.S. Asset Team