Yeah this works best if the quantity is blinded until settlement.
Keep in mind this is the last one where we take steem at a rate of $1 each.
Also you do have right of first sale in future batches and rounds.
So there is a real economic benefit from buying in this batch and selling in say Friday's batch which will be getting some press because we'll be talking about it on @officialfuzzy and then Saturday when we talking about it on @sykochica and company's NPR on Crack.
Also we're getting some outside steem media next week, but I'm supposed to be quiet about that right now.
So, for now from 90 units you sold one for 500 and a few for 67-69 ( they might want to buy all, but there's no guarantee)
What happens if you don't get enough buyers for all 90 units ?
So, for now from 90 units you sold one for 500 and a few for 67-69 ( they might want to buy all, but there's no guarantee)
That is exactly correct! It will be at least 1 and could be all 89 remaining (assuming no one outbids you).
What happens if you don't get enough buyers for all 90 units ?
Then round 1 is over with and we move to round 2 which is a sealed bid at 2x the highest bid from round 1. Currently that floor price would be $1,000.
I should also note that round 1 buyers have right of first sale in future rounds. Meaning if anyone buys now and wants to sell in a future round, theirs will sell before ours.
The point is to ensure that these find their proper price, so we take active steps to prevent the price from falling.
I'm happy with just one, or maybe a few.
Yeah this works best if the quantity is blinded until settlement.
Keep in mind this is the last one where we take steem at a rate of $1 each.
Also you do have right of first sale in future batches and rounds.
So there is a real economic benefit from buying in this batch and selling in say Friday's batch which will be getting some press because we'll be talking about it on @officialfuzzy and then Saturday when we talking about it on @sykochica and company's NPR on Crack.
Also we're getting some outside steem media next week, but I'm supposed to be quiet about that right now.
Thank you for bidding @nextgen622
With your bid of $69 you are presently the
secondfourth highest bidder!So, for now from 90 units you sold one for 500 and a few for 67-69 ( they might want to buy all, but there's no guarantee)
What happens if you don't get enough buyers for all 90 units ?
That is exactly correct! It will be at least 1 and could be all 89 remaining (assuming no one outbids you).
Then round 1 is over with and we move to round 2 which is a sealed bid at 2x the highest bid from round 1. Currently that floor price would be $1,000.
I should also note that round 1 buyers have right of first sale in future rounds. Meaning if anyone buys now and wants to sell in a future round, theirs will sell before ours.
The point is to ensure that these find their proper price, so we take active steps to prevent the price from falling.