BTCOR was formed early in 2015 by House. A visionary who saw the potential of using Nxt as a basis for his projects. Under the BTCOR umbrella he set up multiple assets to provide funds for his trading activities. He was one of the first to put the Monetary System to good use, by setting up a monthly ticket system to invest in his trading activities. Maintenance of the system and of the assets he has created has been no small task. The assets proved to be a success and House has become a known name in the Nxt and Supernet community.
As BTCOR was growing, help was needed and in May House announced the appointment of an Executive Board to help build the future of BTCOR. You can read more on this in the article about BTCOR published on nxter.org a few months ago.
A lot has changed since then, including some internal changes to the team following Gambleh’s departure for personal reasons.
“It is with sadness that we have seen the departure of Gambleh, but we separated on good terms and we will see him back in slack after a deserved break, while he focuses on his primary concerns in business and family life. – House”
But as Gambleh left, another renowned Nxter joined the team.
“BTCOR is welcoming new team member sigwo, http://sigwo.com/sigwonet.html. As a developer he is now an integral part of the BTCOR Development Team. sigwo together with shack4 as the Chief Systems Engineer and pnoch as Lead Developer will work together closely to achieve the goals the Board will set. – House”
The biggest news came recently when it was announced that mxxxxxx was joining House as Co-director of BTCOR.
“I am more than happy and honoured to announce that I was propositioned today and agreed to be co-director of BTCOR.
I deeply believe that this will continue to be a great partnership built on hard work, trust, skills, and experience and that we can bring great success with all the brilliant minds involved together within our community.
We have a long and fruitful journey ahead of us with all things coming in the near future together with our personal plans, planned development, cooperations and with a very big possibility of injecting personal business into BTCOR in some safe form for everyone.
As of today I have been granted access to all BTCOR accounts.
Thank you all for the support!
All the best!”
Until recently there were assets for a variety of investments: GDCAR for gold, SVCAR for silver, BTCAR for bitcoin, FIATX for money and BTCOR as a parent asset that would benefit from all of the others.
In addition to the assets there was the option to invest in monthly tickets through the NXT Monetary System. While the assets were a relatively safe investment, the tickets were a high risk investment, with the possibility of losing your complete investment if trades went wrong.
But this is all in the past, as the BTCOR Group announced at the beginning of September that they will change the complete structure of their assets. All previous assets have been combined into 1 asset: CORE. After the announcement an asset swap was started for the investors where all the old assets (GDCAR, SVCAR, BTCAR, FIATX and BTCOR) were exchanged on a 1:1 basis. All the investors had to do was send their assets to NXT-T4BJ-M2B6-9LHP-8YG7 and they would receive CORE assets in exchange.
After 1 month we can say that the swap was a huge success with 99.71% of all the assets swapped.
If you still have any of the old assets send them as soon as possible to NXT-T4BJ-M2B6-9LHP-8YG7. The old assets do not receive dividends anymore. Only the new CORE asset receive dividends from now on.
Having everything combined in 1 asset has multiple benefits for both the investors and the team including a better overview and transparency of the operations. With the new CORE asset the investor profits from all the investments and operations the team makes.
The revenue generated by the BTCOR Group is coming from 2 major parts: trading operations and crypto investments. Operations include trading in gold, silver, bitcoin and fiat. Investments are made in Crypto projects with a promising future that fit the BTCOR profile. You can see their complete portfolio at NXT-NUEG-HFEQ-NU9Z-72KUS.
Breakdown of the monthly profits:
1. 70% from trading profit will go to dividends, 25% from trading profit will be added to the new trading budget for November, 5% to veteran league of heroes /development.
2. 75% from dividends of assets in treasury will go to dividends, 25% for treasury (investments, buy walls, Net Asset Value increase, etc).
3. 75% from new assets sales for treasury (investments, buy walls, Net Asset Value increase, etc), 25% from new assets sales will be added to the new trading budget for November.
In total 5.000.000 CORE assets were issued. 51% (2.550.000 assets) will remain in the hands of the group, 49% (2.450.000 assets) will be sold to the public over time. The sale of assets will happen monthly in small batches. The first batch sold out pretty quick in September at a price of 25 NXT/CORE. The October batch is selling at 30 NXT/CORE, and is moving quickly. This is a pretty popular asset on the market, and we think it’s still a good price to buy in. With the good news and dynamic team behind the BTCOR Group, this month’s batch should sell quickly, with higher prices likely to follow. At the moment there are 383579 CORE assets in circulation.
The core asset id is 18026565504333172181.
Business plans, activities and more information about the BTCOR Group and CORE asset can be found at https://www.btcor.co and on their nxt forum thread.
The first dividend of the new CORE asset was paid on the 1st of October at 0.533 nxt per asset. At 25nxt/asset this is a 2.13% ROI for the first month. Which is an incredible result as they were trading with a low budget in September. Now that the first batch is completely sold and the BTCOR Group can therefore work with a bigger budget over the coming months, the chances are that we will see an increase in dividends, provided they can keep the momentum going.
The BTCOR Group is constantly working on improving their business and strategies. I applaud their enterprise and work ethic which should hopefully result in a promising future for them as well as increasing prices and nice dividends for their investors.
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This article is for general information and news purposes only. It does not take into account readers’ personal circumstances or investment objectives. As with any investment, readers should carry out their own due diligence research before making (or refraining from making) any investment decision.