[Ripple Dividend] Launching Dividend-Paying-IOUs

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Re: [Ripple Dividend] Launching Dividend-Paying-IOUs

Postby ripplerm » Wed Jan 28, 2015 6:47 pm

Launching JPY-Fund.
[original post: http://www.rippledividend.com/launching-jpy-fund/]

Our new single-currency-fund for JPY markets.

Trading Policy:

  • Pegged currency: JPY.RippleTradeJapan.
  • Minimum holding for dividend entitlement: 100 JPY
  • Basic Strategy: Making market only between JPYs by different gateways.
  • Trading assets: JPY.RippleTradeJapan, JPY.RippleMarketJapan, JPY.RippleExchangeTokyo, JPY.TokyoJPY.

Initial Sale
There are 1,000,000 units of JPY offered for sale at following prices:

  • 450,000 JPY.RippleDividend @ 1.000 JPY.TokyoJPY,
  • 450,000 JPY.RippleDividend @ 1.003 JPY.RippleTradeJapan,
  • 50,000 JPY.RippleDividend @ 1.003 JPY.RippleMarketJapan,
  • 50,000 JPY.RippleDividend @ 1.003 JPY.RippleExchangeTokyo.
The Initial Sale Period will be ended on 31st of January 2015, or when the offers are fully consumed, whichever come first. After the Period, prices of new units will be selling at level not lower than 1.003 JPY.RippleTradeJapan (i.e. no less than 0.3% premium).

The first Dividend Entitlement of the Fund is set at ledger_index 11460000, which is expected to occur somewhere around 1st-Feb-2015.

Risk Reminder
Theoretically, a single-currency-fund will be facing lower risk from exchange-rates fluctuation. However, some Japanese gateways are relatively new in the ecosystem, hence there might be a higher risk of gateway failure.

Invest only if you understand and accept the risk.
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Re: [Ripple Dividend] Launching Dividend-Paying-IOUs

Postby ripplerm » Mon Feb 02, 2015 2:48 pm

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Re: [Ripple Dividend] Launching Dividend-Paying-IOUs

Postby ripplerm » Tue Mar 03, 2015 7:09 am

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Re: [Ripple Dividend] Launching Dividend-Paying-IOUs

Postby ripplerm » Tue Mar 24, 2015 9:15 am

JPY-Fund: Change of pegging currency.
[Original post: http://www.rippledividend.com/jpy-fund-change-of-pegging-currency/]

Since RippleTradeJapan had become non-responsive for more than a week, we had decided to temporarily halt our market-makings for JPY.RippleTradeJapan. Following the decision, JPY.TokyoJPY had been chosen as the new peg for our JPY-Fund.

We had experienced some loss during the clearing of JPY.RippleTradeJapan holdings. This was partially compensated by the fund from our risk-reserve account, yet the NAV-per-unit of JPY-Fund is currently measured below par (around 0.98) against JPY.TokyoJPY.

Immediate impact will be reflected on dividend-payments, and halting of 1:1 redemption. Future performance of the Fund might also be affected due to significant loss of volume from RippleTradeJapan.
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Re: [Ripple Dividend] Launching Dividend-Paying-IOUs

Postby ripplerm » Wed Mar 25, 2015 5:04 am

Portfolio Strategy Update
[http://www.ripplediv...ategy-update-2/]

We had decided to make the following changes to the portfolios of our Funds.

FMM:
Removed: EUR.TheRockTrading.
Adding: JPY.RippleMarketJapan, JPY.RippleExchangeTokyo.

FBM:
Adding: JPY.RippleMarketJapan, JPY.RippleExchangeTokyo.

RXM:
Removed: BTC.TheRockTrading, EUR.TheRockTrading, NZD.Coinex, XAU.GBI.
Adding: JPY.RippleMarketJapan, JPY.RippleExchangeTokyo.

BTC:
Removed: BTC.TheRockTrading.

USD:
Removed: USD.RippleSingapore.

Others:
If RippleTradeJapan fails to resume its operation by the end of this month, its JPY will be permanently removed from all of our Funds.

Effective Date:
The new portfolio strategy will be taking effect 7-days after this announcement.
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Re: [Ripple Dividend] Launching Dividend-Paying-IOUs

Postby ripplerm » Fri Apr 03, 2015 6:12 am

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Re: [Ripple Dividend] Launching Dividend-Paying-IOUs

Postby ripplerm » Wed Apr 22, 2015 8:51 am

Closing the Funds
http://www.rippledividend.com/closing-the-funds/

Due to the continuous fall of profitability from our market-making bots, we had decided to terminate all the Funds we are managing.

Our last dividend had been paid out on 21st-April, for record-ledger = 13000000. IOU-assets of each Funds had been liquidated and converted back into their pegged-currencies respectively.

Offers had been created to buyback all unit-in-circulate at following prices:

  • FMM @ 1.010 CNY.RippleCN
  • BTC @ 1.010 BTC.btc2ripple
  • CNY @ 1.010 CNY.RippleCN
  • USD @ 1.010 USD.SnapSwap
  • JPY @ 1.008 JPY.TokyoJPY
  • FBM @ 0.760 USD.SnapSwap
  • RXM @ 0.586 XRP
Holders are requested to sell their units directly through order-books. Please do NOT send any unit back to the Issuer-address or Hotwallets.
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Re: [Ripple Dividend] Launching Dividend-Paying-IOUs

Postby soleri » Mon May 04, 2015 12:58 pm

Hi,

I have about USD 1000 in RippleDivident in my Ripple Trade (RT) account and about 0.32 BTC, also in RippleDivident in my RT account. How can I get them out? Please advise!

Soleri
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Re: [Ripple Dividend] Launching Dividend-Paying-IOUs

Postby statdude » Tue Aug 02, 2016 4:21 pm

Whatever happened to this? Site is down?
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Re: [Ripple Dividend] Launching Dividend-Paying-IOUs

Postby ripplerm » Wed Aug 03, 2016 4:09 pm

statdude wrote:Whatever happened to this? Site is down?


the site is no longer available coz I had shut down the AWS server after dissolving the funds.
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