XMM on Twitter

XMM holders,

Now you can follow @ripplexmm on twitter to stay updated.
First tweet was composed today, regarding adjustment of buy-back price.

Thanks.

[Date: 06/03/2014]
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signature: IC97E/wjMTqyW9TLf64kWZ6wwyQqZW8dNITFEYCc9c8QNng4rBxYYq48sakG3lq/qLZBcTTJCpVxX92tSY3OTMQ=

XMM Signature.

I had decided to allocate a Bitcoin address as an official identification for XMM.

This is to add an extra layer of security against the potential risk that my ID (in forum/facebook/email/etc) might be hacked, or somebody elsewhere pretending to be me.

All importance announcements of XMM in the future will be signed by this Bitcoin address:

1DfSsGG3M1CUeUZsBD9qgXE1YwyaECwxFt

Holders of XMM are advised to keep a copy of this address NOW.
this info could be altered by hackers if they break into my Blogger account.


For non-bitcoiners,
Signed message is a feature in Bitcoin that could be used as proof that you own an address.
you can read some intro here: http://www.reddit.com/r/Bitcoin/comments/18qy88/, or just google about it.

Most bitcoin wallet clients come with tools for signing and verifying a message. For those who do not have a bitcoin client, you can do it online through some website, e.g http://brainwallet.org/#verify.

Here's an example for those who like to try some message verification:

message:

XMM - the Fund of Market Making
Issuing address: rExAPEZvbkZqYPuNcZ7XEBLENEshsWDQc8

signature:

H7cvnNcqCKMAn4gOSVLTX9bX59+PMroVOsMT/+WpxTjOfjy7mwIny5vFc9EIcseFwTtClfd28K12Ka0zxgmKTa8=

I've also signed the 'About', 'FAQ' and 'Ripple' pages of this Blog with the address, and appended the signatures at the bottom of each page. To verify, just select the whole page (from the page title to the last character before the dotted line) as message.


Just For Fun.
As a memorial for the launch of the Fund, I had made a transaction of 0.00887777 BTC into this Bitcoin address on last Sunday. (in ASCII code  88, 77, 77 represent X, M, M.)
https://blockchain.info/address/1DfSsGG3M1CUeUZsBD9qgXE1YwyaECwxFt

Summary of Initial Launch.

As at 28/2/2014, a total 111,042 units of XMM had been sold, to more than 40 holders.

An amount of 150k unsold units had been sent back to coldwallet, left only ~40k of XMM in hotwallet for continue selling. Most of the XRP raised had been sent to trading accounts, while ~10% were retained in hotwallet to support buy-back mechanism.

Today, a buy-back offer had been created by hotwallet at price of 1 xmm = 1 xrp.
At the same time, selling offer of new unit had been adjusted to 1 xmm = 1.05 xrp.

These prices will be adjusted from time to time with respect to the underlying-value of XMM. Basically, the buy-back price would be slightly discounted, and selling price will be at premium to its value. To reduce the workload (as said, the task was done manually) I won't make the adjustments too often, probably only once a week.

Thanks again for all the support from each Xmm-holders. Hope our fund could help increase liquidity in Ripple and improve the ecosystem.