Post
Topic
Board Securities
Re: [Havelock] Bitcoin Difficulty Derivative (BDD)
by
FloatesMcgoates
on 27/01/2014, 07:05:23 UTC
Under Deprived's system, the purchase price of one DMS.Purchase was set at a percentage above NAV/U so that every purchase resulted in the NAV/U going up, making the asset as a whole more attractive. What I am reading so far suggests that this will not be the case with your asset, as you only set the +1% in order to cover trade fees and not contribute to NAV. Is this correct?