TULIP Mania Game Round 2 Report - Day 15 of 15
Last full day today! I hope everyone is enjoying this... and keeping track of progress!
So let's look at today's numbers.
Token sales = 1679 STEEM
Fund value = 1858 STEEM
Fund paid out = 1421
Current fund value = 437
Fund value = 110.6% (This tracks our profit and should be over 100%)
Fund paid = 76.5% (This tracks the token buy-back payouts as a percentage of the Fund Value and will max at 100%)
ABV = 1.485 STEEM cents (indicative)
Today have placed 20,000 TULIP tokens on the market with a buyback price of 1.485 STEEM cents.
Please read this post regarding the buybacks and cash basis used in this particular TULIP Mania Game.
I do hope players are reading these posts. Given the changed rules, if you experience "surprise" then read back these daily posts.
Remember that there also some prizes to be given at the end, so that's very much a tactical judgment call as to whether the prizes are worth more, or less, than the tokens. It does mean that 30 STEEM will be set aside at the end.
So, the end of Day 15 will be at 02:00 UTC on Sunday 3 November. At that point I will take a snapshot of token holders to see who has won the two prizes of 20 STEEM and 10 STEEM. Remember that the winners then have to transfer those winning tokens back to @Busbecq to claim each prize. If any of the winners then sells tokens before claiming the prize they will forfeit that prize - I am not entering into any negotiations about this. The management accounts do not take part in the prize contest, so please ignore their token holdings.
Then the final batch of tokens will be placed on the market. It will be no secret that it will be slightly above today's ABV, but not by very much. As I mentioned before, forward rewards are on the low side and nothing I can do to change that. Also, because of the time it takes to liquidate some holdings, we have little left today apart from cash.
Anyway, has been a good mini-fund, making some 50% in 15 days for those who bought at 1 cent.
Any feedback appreciated.
[BUY MAXUV] - [READ MAXUV]
[BUY MAPR] - [READ MAP REWARDER]
[BUY MAPXV] - [READ MAPXV]
ONECENT: The First Strategic Token Investment Game (STIG)
Hi @busbecq, a modest tip of appreciation:
$trendotoken
Thanks!
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A member bonus $trendotoken tip for @busbecq from MAXUV!
Also consider our MAPR fund and MAPXV vote bonds too.
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Hi @busbecq, a small upvote and a tip from the ADDAX trading game! Round 2 has closed - please sell your tokens asap if you still hold some.
$trendotoken
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A bonus $trendotoken tip from ONECENT!
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Thank you for supporting @CatsMakeKittens by being a part of our community @busbecq.
Each CATS you purchase gets you daily upvotes from me @CatScientist as our community grows so do your rewards for being a member!
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Oh silly me. I thought that today being the last day was the day to sell back the tokens.
I held on to 10 of them (as a strategy for next game, lol) so maybe THOSE will be winning tokens.
Either way, I am looking forward to the next game, and I made a 50% increase. Like I said last time I commented. I will be playing again. After all, it is NOT a zero sum game.
I don't know how long the game was last time, but I liked the 2-week process of this game.
Thanks a lot for the feedback - much appreciated.
The 15-day game was really to avoid me ignoring it in case busy during steemfest4.
Doing it on a cash basis has been kinda fun, but is actually quite difficult to find anything that can earn that quickly without any staking. The usual 28-day trading gives me more time to wind down the holdings.
Anyway, 50% in 15 days is pretty good :-)
$trendotoken
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!BEER
Very quick message for those players online. Just getting a bit frustrated with how slow SE is being - posting the last batch of tokens asap! Then will post an update.
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