Hi, and thanks for stopping by this post to read about the Burstcion Asset called NGAM01.
Here, I will provide a brief overview of the asset, and how it is structured.
Starting with the Asset details as follows -
Asset Name - NGAM01
Asset ID - 17190245125696855018
Units (Shares) - 10,000 Non Divisible
Initial Selling Price (Burst) Per Share - 3
Currently Unsold (At time of posting) - 3,900
How the Asset is structured
5% of all shares in the Asset are held in a holding account to cover administration and other sundries (and to make it worth my while running the Asset), and the remaining 95% are for general release.
61% of the shares in the Asset are either allocated or sold (5% - 500 shares in holding account, 56% - 5,600 shares already sold)
Dividends will be paid out to all holding accounts at the time of the dividend payment (this includes the holding account), regardless of how long the shares have been held.
How the Asset earns, and pays dividends
All proceeds from Asset sales through the initial offering (From the Issueing Account) will be converted into BTC, and then used to purchase mining power at Hashflare. Once mining has earned enough to make a withdrawal, it will be converted back into Burst, and then distributed amongst the Asset holders.
Current Hash Power
At the time of posting, the Asset holds 538H/z of ZEC Mining (Investment Value $1076)
The Asset has been also gifted 0.36TH/s of BTC Mining power at Hashflare (Investment Value $79.2), which will be used to increase the ZEC Mining power through re-investment.
Dividend payouts and anticipated payout schedule (Based on current holdings)
Dividend payouts will be made as soon as there is enough ZEC to withdraw from Hashflare (current minimum on Hashflare is 0.10003000 ZEC).
Based on current mining returns, dividends payments are anticipated to be every 14 days, but may become more frequent as the mining power increases over time.
Gifted Hashpower -
ZEC Hashpower -
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Based on current ZEC earnings estimates and the present price of ZEC/BURST, the first dividend payment is scheduled for 27th January 2018, and will be for a total of 1000 Burst (0.1 Burst per share held). Details of the Payment (including transaction ID's, screen grabs and exchange rates) will be posted for scrutiny.
Dividend has ben paid today, 1 day earlier than anticipated. Details of all transactions are below for scrutiny -
Details of the dividend payment are as follows -
Withdrawal from Hashflare to Bittrex - TX ID 7348db9af13a0731e3bcb7d202649e1b4d58cbe77e4d8f033482a0ef118d317e
ZEC traded to BTC @ rate of 0.04159999 - BTC total - 435484
BTC traded to BURST @ rate of 0.00000407 - BURST total - 1067.31
Withdrawal of BURST to Asset Main Wallet - Fee - 2BURST - TX ID 8939826195081445545
Dividend payout details -
NGAM01 (17190245125696855018) Total found assets: 10000, Assets to be distributed: 10000
Summary of proposed distribution of 1065.31BURST to 4
Based on asset holders at timestamp 109232462 (Thu, 11 May 2017 18:21:02 GMT)
Number of assets, Account, Payout amount
5500, BURST-S8ZT-DMST-785B-7HA86, 585.9205
3000, BURST-7P3S-ZDCP-HD29-BW3HM, 319.593
1000, BURST-T3PE-KBSP-V4E8-H7LMJ, 106.531
500, BURST-G6TF-RJ46-SRCU-9LEZR, 53.2655