Round 2 OPEN!Round 2 of BDD is now open! Everything starts as a clean slate; there are currently 0 units of EXCH/MINE/SELL issued.
Each MINE will pay a daily dividend of the equivalent of 100GH/s, as opposed to last Round's 5GH/s.
Current MINE daily payout for this Difficulty Period:
0.00105675 BTCEXCH will be sold, to start the Round, at 190 Days of Current Dividends plus 3.4%:
0.20760911 BTCThe Reserve (180 Days of Dividends), for reference, is
0.190215 BTCPlease BE SURE to see the main differences for this round below, and READ THE CONTRACT (on Havelock and in the OP) and be sure to fully understand it.
Please ask questions here if you have any!
I've broken out the major changes for you here:
This Round, Round 2 of BDD, differs from Round 1 in the following ways:
- MINE units pay out dividends at a theoretical hash rate of 100 GH/s, compared to 5GH/s previously
- Purchases of EXCH are subject to a 3.4% premium, of which 3% will go to the Manager and .4% will go to paying the exchange fee. Previously, 2% went to the Manager, .4% to the exchange, and .6% back to the capital on hand.
- Redemptions of MINE/SELL pairs will still be bought back for 98% of NAV/U, but the 2% difference will go to the Manager instead of the capital on hand.
- There will be a target of 180 days of dividends, as opposed to the 200 days previously.
- The End-Game Via Decrease will be triggered by a NAV/U of 0.02BTC instead of 0.0002 BTC
Please see the OP for a detailed explanation of the set of contracts. This overview is subject to change indefinitely.
Happy Speculating!
-2070