The asset will be dissolved. Please send your USDbitfnx to NXT-BQK9-UDGP-2Q97-49H3L to redeem the USDbitfnx for NXT or BTC. Include a msg with a BTC address or a NXT address. Deadline for redeeming is 31.12.2015.

Forum Administrator Damelon agreed to do an audit every once in a while, starting from the point we reach 10,000 USD in the bitfinex account! Thank you!



First AUDIT done: https://nxtforum.org/index.php?topic=3884.msg72567#msg72567

We have been added to coinist.co a coin and asset rating site. Please leave some constructive feedback of this asset here: https://coinist.co/nxt/nxt-assets/USDbitfnx-nxtbqk9udgp2q9749h3l

The spreadsheet is now online and I will try to update it daily

Asset ID: 10294386916428132892

Bitfinex USD Asset

FAQ:

These fees are possibly subject to change!

The spreadsheet is now online and I will try to update it daily

Do you have a refferal code, so that I can get 10% fee discount?

Today I am presenting you the first USD asset on the NXT asset exchange, that will be backed by real USD deposited on bitfinex.com . The USD will be used to provide liquidity for traders on bitfinex and will in return pay intrest. This interest will be distributed once every 2 weeks to the asset holders of USDbitfnx. Assets can be either bought on the NXT asset exchange or by contacting me and depositing BTC or NXT.about the swap program of bitfinex, can be found here: www.bitfinex.com/pages/howitworks about the historical rates of those swap agreements, can be found here: www.bfxdata.com/swapstats/usd.php Second Audit done.USDbitfnx5,000,000Each 1 USDbitfnx asset represents 1 USD deposited at [ur=https://www.bitfinex.com/?refcode=1NrFf6t4Nrl]bitfinex.com[/url] . The USD deposited at bitfinex will be used to provide liquidity to margin traders that pay a fee for that service. This interest is paid daily into our account and is currently hovering at about 0.16% per day(~60% yearly return). This dividend will be distributed proportionally to USDbitfnx holders every two weeks. Details about fees, risks and how to deposit, can be found in this thread on nxtforum.org: https://nxtforum.org/index.php?topic=3884.0 Bitfinex_USDEach 1 USDbitfnx asset represents 1 USD deposited at bitfinex.com . The USD deposited at bitfinex will be used to provide liquidity to margin traders that pay a fee for that service. This interest is paid daily into our account and is currently hovering at about 0.16% per day. This dividend will be distributed proportionally to USDbitfnx holders every two weeks.5,000,000The amount of USD in the bitfinex account will determine how many USDbitfnx assets will leave the Issuer Account.Market price, whatever people judge them to be worth.NXT-BQK9-UDGP-2Q97-49H3L295602362328107267910294386916428132892USDbitfnxRight now the only way to acquire USDbitfnx is to buy on the NXT asset exchange. If you want to buy a bigger amount, send me a PM and I will put up an order big enough for you.I am a hero member of the NXT and bitcointalk community that is very active and has been registered for over four years. Due to regulatory risks, I try to keep my identity as separate from this project as possible. Administrator and community member Damelon agreed to verify this and will confirm this in this thread soon. He also knows my real identity and if I go rouge he will release my identity.The USD will be invested in the swap-market on bitfinex and this will happen actively, so I will likely outperform the average lender there.Every 2-3 weeks the dividends will be paid. Every asset holder of USDbitfnx will receive his dividends paid in USDbitfnx. Example (ignoring fees): Lets assume there are two USDbitfnx holders with 400 and 600 assets. Now 25 USD in interest was earned in the last two weeks. This will now be distributed in the following way: 25/(400+600)* 400 = 10 USD 25/(400+600)*600 = 15 USD. Assuming that 1 NXT is worth 0.05 USD, then assetholder 1(400 USDbitfnx) gets 9.95 USDbitfnx as dividend and assetholder 2(600 USDbitfnx) gets 14.95 USDbitfnx.: 0.1% exchange fee + 2% personal fee (min 5 USD): 1 NXT + 5% of the dividend amountI have already asked Damelon if he could make an audit once a month, and I am sure that I will find someone very trustworthy to do this once a month (or on request!).Holding USD will make you experience quite some volatility measured in BTC or NXT.Even though Bitfinex is a registered company and currently very profitable, a market shock, a hack or severe mismanagement (like mtgox) could happen.I will try my best to keep the funds safe and will use all security measures provided by bitfinex (2FA ect) to secure the account, still it is not possible to prevent every aspect of attacks.You will have to trust me to not run away with the funds. Given the fact that the administrator of this forum knows my identity, this scenario is pretty unlikely though.