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Bitscan.com: NEXTBOND: bitcoin arbitrage asset

Bitscan writes:

Price difference on bitcoin exchanges represents an opportunity for easy, safe profits.

Bitcoin is by far the most liquid cryptocurrency, but there are still inefficiencies across its many exchanges. It’s not unusual for prices to be several dollars apart, one way or another. Those differences can be exploited by arbitrage: buying at the lower price and simultaneously selling at the higher one.

Whilst this can be done manually, it’s far easier with custom software that continually checks the most active exchanges and automatically executes the trade when it sees a discrepancy. It also requires having a significant amount of funds on both the exchanges in question, since even with bitcoin withdrawing money from one exchange to another takes too long; opportunities may last only seconds. The more funds you have in place, the most profit can be made before you have to readjust your balances to make sure the BTC and USD are in the right place.

NEXT and NEXTBOND

Sasha Ivanov, known across the web as Coinomat after his instant exchange business of the same name, has been coding and running such bots for years, with significant success on both the bitcoin and altcoin markets. With two associates, he has now consolidated his arbitrage bots into one umbrella fund, called NEXT, which also holds several revenue-generating assets. NEXT is hosted on the Nxt blockchain, meaning it can be traded peer-to-peer like a cryptocoin. Dividends are paid fortnightly, in the native currency NXT. …

Read the rest of this article on: http://bitscan.com/articles/nextbond-bitcoin-arbitrage-asset

NEXTBOND: High interests Bitcoin asset

Today, NEXTBOND started trading exclusively on the Nxt Asset Exchange.

NEXTBOND (asset ID 7105354913147670050) is 1:1 with superBTC and can always be exchanged to Bitcoins without any price slippage issues. It is similar to keeping your funds in a high interest account.

NEXTBOND funds are used for arbitrage on BTC/USD exchanges (low risk). Preliminary results from the arbitrage bots have returned a minimum of 4% monthly, so NEXTBOND holders are offered a 2% return.

If you look at lending returns on poloniex, okcoin, bittrex etc, NEXTBOND’s return is much better.

NEXTBOND will pay dividends every Sunday until the automated script is ready to do daily dividends. NEXTBOND dividends are paid in superBTC to your account without you having to worry about a thing.

The people working behind the scenes on making you money with NEXTBOND are: Coinomat, whale, and Cassius.

NEXTBOND procedure

Deposit:

Send your superBTC to NXT-ESXQ-5QFC-ARPP-HG2C7 to receive NEXTBOND.

You should expect to receive your NEXTBOND within 24 hours.

Withdrawal:

When you want to withdraw your superBTC, simply send your NEXTBOND to NXT-ESXQ-5QFC-ARPP-HG2C7.

You should expect to receive your superBTC within 24 hours!

For those who don’t know: 1 SuperBTC is 1 regular Bitcoin on the Nxt blockchain.

Bitcoins are deposited to the Nxt Multigateway, where they automatically get converted to decentralised tokens (superBTC). The coin-backed tokens can be withdrawn to any Bitcoin wallet or exchange using the same multi-sig process. In the process of being deposited and withdrawn via the Nxt Multigateway each coin is handled by 3 secured servers. Multi-sig is used to ensure that all three servers agree before transactions are made, so there is no single point of failure unlike with a traditional exchange. The Multigateway is a distributed gateway – the least centralized crypto-to-crypto exchange service in existence.

Nxt Multigateway is a part of the SuperNET Client!

NXTBOND pays 2% of its profit to NEXT (asset 5504266111917554921).

[AE blog] EIX to merge with MMNXT; BOND to launch

Trading funds E9 (EIX) and MMNXT are merging under a single fund, NEXT. This will allow better use of combined funds, more clarity and no conflict of interest between the activities of the two funds. At the same time, a new bitcoin bond (BOND) will launch to generate further revenues for NEXT and directly for BOND holders through arbitrage on BTC/USD exchanges.

BOND

Arbitrage across bitcoin exchanges currently yields returns of up to 4% monthly. 1 BOND will represent 1 bitcoin (SuperBTC) on the Asset Exchange, with a guaranteed monthly payout of 2% in superBTC. The remaining income will go to NEXT assetholders. BOND may be redeemed for SuperBTC at any time by sending back to the issuing account. They can also be traded on the AE’s secondary market. BOND will pay monthly, on the first of the month.

All reasonable security precautions are taken and arbitrage is low-risk, but investor funds cannot be guaranteed against theft or exchange hack.

MMNXT/EIX asset swap for NEXT

MMNXT and EIX will be combined into a single asset, NEXT, which will pay out twice a month (1st and 15th) in NXT.

A total of 10% of active NEXT assets will be reserved for management payments. 25% of the total NEXT issue will be reinvested to grow the fund (similar to EIX’s current 29% reinvest and MMNXT’s 25% buyback). It makes sense for NEXT to hold 25% of NEXT’s assets to automate this.

A total of 1 million NEXT will be issued, with 15% being held back for future asset sales if required (there is no immediate intention to sell more assets). Of the 850,000 active assets, a total of 35% will be retained for management and reinvestment (85,000 + 212,500 = 297,500).

This leaves 552,500 NEXT assets for swap with existing MMNXT and EIX assets. No MMNXT or EIX assets are currently retained for management payments, only founder shares. (EIX currently reserves 15% of income for management payments as well as 29% for reinvestment.)

EIX price: 14.5. Assets issued: 568,200. MMNXT price: 1.15. Assets issued: 8,648,144. Total combined market cap of MMNXT and EIX is therefore estimated at around 18 million NXT; there is some daily variation. Thus 552,000 NEXT assets will be swapped in proportion to MMNXT and EIX market cap, at 32.6 NXT per NEXT, with each being worth around 21 NXT when considering all 850,000 active NEXT assets.

2.3 EIX per NEXT = 247,043 NEXT assets swapped for EIX
29 MMNXT per NEXT = 298,212 NEXT assets swapped for MMNXT
Total: 545,255. The remaining 6,745 assets will be retained by NEXT for reinvestment, bringing the fund’s total of its own assets to 25.8%.

The asset swap will begin on 16th January, after EIX’s next dividend. BOND will launch shortly.

Further details will be posted in due course.

Source: SuperNET Slack / https://nxtforum.org/assets-board/e9-multistrategy-nxt-hedge-fund-bots-fx-crypto-trading-and-asset-portfolio/msg205742/#msg205742