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.
