Fellow AICoin Holders:
December was a very good month. Wintermute got it just right. There will be a buyback event based on December’s profits. The buyback for December will be $79,057 based on 50% of the profit for the month. This has been converted into 2.259 BTC. The maximum offer in the auction will be 0.00000310 BTC ($0.1035 per XAI token.)
The auction will start at 15:00 UTC Tuesday the 12th of January and will conclude at 15:00 UTC on Sunday, the 17th of January.
To take part in the auction, log into the Panxora Exchange using your AICoin username and password.
Reverse Auction Details for December 2020 buyback
We have reset the benchmark levels to reflect the investment levels at the point the US XAI holders were liquidated. This reflects any funds used to buyback XAI and gross profit figures relate to that reference date forward.
As agreed during the June 2019 vote, 50% of Wintermute profits are distributed when a new Benchmark high is achieved. Other investments we will distribute 50% of the profits when the investment has been liquidated (assuming they are profitable). The token positions were purchased by the Investment Committee at much higher levels than the benchmark levels (each investment was for between $25,000 and $50,000) we have set the benchmark at the level prevailing when the US liquidation was executed.
CURRENT OPEN INVESTMENT ASSETS ATTRIBUTED TO THE XAI PROGRAM
| Investment | End Dec 2020 Val | Benchmark Value | Change from benchmark | Funds Already Used to Buyback XAI | Gross Balance incl. Buyback | Gross Profit incl Buyback funds | Start Value |
| Sevamob | $500,000 | $500,000 | $0 | $0 | $500,000 | $0 | $500,000 |
| Wintermute | $1,276,952 | $1,118,839 | $158,113 | $118,838 | $1,395,790 | $395,790 | $1,000,000 |
| DRGN | $5,269 | $4,723 | $546 | $0 | $5,269 | $546 | $4,723 |
| TIP | $0 | $4,244 | -$4,244 | $0 | $0 | -$4,244 | $4,244 |
| AGI | $2,051 | $967 | $1,084 | $0 | $2,051 | $1,084 | $967 |
| IAG | $0 | $5,132 | -$5,132 | $0 | $0 | -$5,132 | $5,132 |
| XLM | $20,416 | $9,957 | $10,459 | $0 | $20,416 | $10,459 | $9,957 |
| Loans/Reserves | $241,000 | $241,000 | $0 | $0 | $241,000 | $0 | $241,000 |
Information about XAI
- Total XAI Issued at Inception: 77,285,926.8 (It is a closed token and no more can ever be created)
- Total XAI bought back: 47,662,353.96
- Total XAI Float: 29,623,572.84
- Attributed Investment Assets per XAI Token: $0.069
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