BTCD is no more

[jl777]

James,

cryptsy are playing a game with us btcd holders. Do you know what the "technical" issue surrounding them not processing withdrawals?

yes, it is called "technical incompetence"
after three weeks, they just cancelled my withdraw
now the clock resets and their withdraw delay stats are skewed artificially small

[1714953377]

1714953377

[1714953377]

1714953377

[1714953377]

1714953377

[1714953377]

1714953377

[1714953377]

1714953377

[1714953377]

1714953377

[clovis A.]

There is some demand for hearing the hottest news about various things, like what coin will get added next
so from now on I will say just sign up for the newsletter at thesupernet.org
such informations will be sent out via this newsletter

James

So we have white papers, dark papers and now.......  super papers???  Nice paper for prospective volunteers James, it's very well written! 

thanks, but it is cassius who has the skills

Nicely done cassius

Was this paper posted yesterday, I see the date is 9/3......completely missed it

[jl777]

Official SuperNET NXT addr: NXT-MRBN-8DFH-PFMK-A4DBM
Official SuperNET TOKEN asset: 15641806960898178066
Beware of any SuperNET related asset issued by any other account

for NXT Asset Exchange

The starting price will be 0.0095 BTC converted to NXT price using slow moving average, over two weeks this will increase to 0.010925 BTC per TOKEN. There are plenty of TOKEN for everyone, so if there is no inventory left, just put in a bid. I will restock on at least a daily basis, probably much more frequently when I am online. To cover market fluctuations I will probably use up some or most of the 5% discount, so you will probably get the best price from exchange.

do not know date, yet, but the time will probably be around 14:00 GMT

James

[clovis A.]

Official SuperNET NXT addr: NXT-MRBN-8DFH-PFMK-A4DBM
Official SuperNET TOKEN asset: 15641806960898178066
Beware of any SuperNET related asset issued by any other account

for NXT Asset Exchange

The starting price will be 0.0095 BTC converted to NXT price using slow moving average, over two weeks this will increase to 0.010925 BTC per TOKEN. There are plenty of TOKEN for everyone, so if there is no inventory left, just put in a bid. I will restock on at least a daily basis, probably much more frequently when I am online. To cover market fluctuations I will probably use up some or most of the 5% discount, so you will probably get the best price from exchange.

do not know date, yet, but the time will probably be around 14:00 GMT

James

Just to be clear, Poloniex and the NXT AE will have this TOKEN asset?

[jl777]

Official SuperNET NXT addr: NXT-MRBN-8DFH-PFMK-A4DBM
Official SuperNET TOKEN asset: 15641806960898178066
Beware of any SuperNET related asset issued by any other account

for NXT Asset Exchange

The starting price will be 0.0095 BTC converted to NXT price using slow moving average, over two weeks this will increase to 0.010925 BTC per TOKEN. There are plenty of TOKEN for everyone, so if there is no inventory left, just put in a bid. I will restock on at least a daily basis, probably much more frequently when I am online. To cover market fluctuations I will probably use up some or most of the 5% discount, so you will probably get the best price from exchange.

do not know date, yet, but the time will probably be around 14:00 GMT

James

Just to be clear, Poloniex and the NXT AE will have this TOKEN asset?

This is the official SuperNET TOKEN
it is on the AE already, just no active market yet
I am sure hoping Poliniex is going to be part of this, but its like radio blackout

James

[clovis A.]

Official SuperNET NXT addr: NXT-MRBN-8DFH-PFMK-A4DBM
Official SuperNET TOKEN asset: 15641806960898178066
Beware of any SuperNET related asset issued by any other account

for NXT Asset Exchange

The starting price will be 0.0095 BTC converted to NXT price using slow moving average, over two weeks this will increase to 0.010925 BTC per TOKEN. There are plenty of TOKEN for everyone, so if there is no inventory left, just put in a bid. I will restock on at least a daily basis, probably much more frequently when I am online. To cover market fluctuations I will probably use up some or most of the 5% discount, so you will probably get the best price from exchange.

do not know date, yet, but the time will probably be around 14:00 GMT

James

Just to be clear, Poloniex and the NXT AE will have this TOKEN asset?

This is the official SuperNET TOKEN
it is on the AE already, just no active market yet
I am sure hoping Poliniex is going to be part of this, but its like radio blackout

James

Hmmm, I've already transferred funds to Polo for this .  Please give notice if I need to send them to my NXT acct

[jl777]

Due to USA regulations, complications arose with Poloniex hosting the ICO. I hope they come out of their communications blackout and are able to participate.

BTER has come to the rescue and has offered to host the ICO without any fees and on an non-exclusive basis in the spirit of UNITY! BTER is extending a hand of friendship to all other exchanges that want to participate. If you are an exchange, contact me for details on how to join.

I am very glad that the SuperNET is bringing together not just the crypto coins, but also the exchanges. It is too bad that USA is making it so difficult for everybody with such matters. However, it is such stifling rules and regulations that will gradually make the rest of the world more prosperous.

The details of the process is as follows:
The price starts at 0.01 BTC and linearly goes to 0.0115 over two weeks (14 * 1440 minutes) so each minute there is a small increase in price. At each minute there will initially be 1000 TOKEN available in each supported currency any unsold will carry over to the next minute, with a cap of 5000 TOKEN. If there is not enough or too much, the 1000 and 5000 amounts will be adjusted, probably no more than a few times a day to adapt to demand.

For non-BTC sales, a conversion rate is calculated using a slow moving average (eg. 24 hours) so somebody would have to be pushing the price for an entire day, just to get a lower effective price for their TOKEN. Clearly not practical. The NXT and BTCD conversion rate is adjust with the 5% bonus and the TOKEN is made available just like for BTC.

In the event fiat denominated TOKEN is available, the conversion process is used like described in the previous paragraph, but without any 5% bonus.

On the 14th day to the 26th day, a test is made to see if 3% of the total has been raised that day. If not the process stops 2 days later. 28 days is the max duration.

At this point I will purchase TOKEN at the 0.0115 BTC price using the my core assets and any other InstantDEX that is made available using the coinmarketcap price - 1/2 of the 24hr change. this is an easy to calculate average of the current price and 24hrs ago. The asset prices are more stable so using a reasonable market price average and as balanced of set of assets, but not exceeding 10% of TOKEN, I get my TOKEN. All excess TOKEN will be burned at this point, though it doesnt really matter as TOKEN is only good for a 1:1 swap with SuperNET asset. I am not sure if the exchange fee is coming when the donation is made or whether I am doing it at this point by issuing some SuperNET to cover the trade commissions. Each exchange will have their own fee, typically 0.0% to 0.2%

Now I can issue a matching number of SuperNET asset with 4 decimals and it is exchanged for the TOKEN on a 1:1 basis.

And the trading begins

you can see some demo version here
https://bter.com/trade/token_btc
https://bter.com/trade/token_nxt
https://bter.com/trade/token_btcd
https://bter.com/trade/token_cny

NXT AE Official SuperNET NXT addr: NXT-MRBN-8DFH-PFMK-A4DBM
Official SuperNET TOKEN asset: 15641806960898178066

[cloudboy]

you can see some demo version here
https://bter.com/trade/token_btc
https://bter.com/trade/token_nxt
https://bter.com/trade/token_btcd
https://bter.com/trade/token_cny

NXT AE Official SuperNET NXT addr: NXT-MRBN-8DFH-PFMK-A4DBM
Official SuperNET TOKEN asset: 15641806960898178066

Will an equal amount of unity be available to those buying in btcd or nxt, as opposed to btc/unity?

[apex944]

Hmmm, I've already transferred funds to Polo for this .  Please give notice if I need to send them to my NXT acct

same here.. I guess we're all moving funds to BTER tonight! LOL

[jl777]

you can see some demo version here
https://bter.com/trade/token_btc
https://bter.com/trade/token_nxt
https://bter.com/trade/token_btcd
https://bter.com/trade/token_cny

NXT AE Official SuperNET NXT addr: NXT-MRBN-8DFH-PFMK-A4DBM
Official SuperNET TOKEN asset: 15641806960898178066

Will an equal amount of unity be available to those buying in btcd or nxt, as opposed to btc/unity?

the supply will autocalibrate to the demand, so I would expect BTC to be ~90%, well with CNY in there maybe 60% BTC, 30% CNY and 8% NXT 2% BTCD, but these are just total guesstimates.

[jl777]

Hmmm, I've already transferred funds to Polo for this .  Please give notice if I need to send them to my NXT acct

same here.. I guess we're all moving funds to BTER tonight! LOL

if I get an email from polo saying they are in, this could happen at any moment
not in my control

[apex944]

Hmmm, I've already transferred funds to Polo for this .  Please give notice if I need to send them to my NXT acct

same here.. I guess we're all moving funds to BTER tonight! LOL

if I get an email from polo saying they are in, this could happen at any moment
not in my control

understood, but biz is biz as they say.
The lack of vol @ Polo was concerning me anyway. 

[clovis A.]

Because this IPO is sort of a moving target atm, I'm taking my funds off the exchange..... we will get at least 24 hrs notice before sales begin and the clock starts I hope??  I'll need to figure out where I'll be buying, once there are more details regarding which exchanges will be involved. 

Thanks

[tjmaruy]

hi james way is there no mention of a official supernet addy for btcd

[cloudboy]

hi james way is there no mention of a official supernet addy for btcd

It will be on bter

[jl777]

hi james way is there no mention of a official supernet addy for btcd

I am not able to do manual sales of BTCD if I am to be finishing Teleport, so BTER is the place to do the BTCD purchase and with 5% bonus and BTER is doing it for no fee, so you will get a better deal than if I am doing it anyway

James

[tjmaruy]

10-4 thanks

[jl777]

Because this IPO is sort of a moving target atm, I'm taking my funds off the exchange..... we will get at least 24 hrs notice before sales begin and the clock starts I hope??  I'll need to figure out where I'll be buying, once there are more details regarding which exchanges will be involved. 

Thanks

within 2 days on BTER for sure
there are even the sample pages so you can see TOKEN and the price creeping up
of course it gets reset when we start at 14:00 GMT

BTER is doing this for no fees and in the spirit of UNITY
All other exchanges are invited to be participating also and poloniex is an email away from coming back in the picture as they already have the tech done for days.
I just have no control and probably neither do they as they live in an economic dictatorship, if you know what I mean

James

[jl777]

Hmmm, I've already transferred funds to Polo for this .  Please give notice if I need to send them to my NXT acct

same here.. I guess we're all moving funds to BTER tonight! LOL

if I get an email from polo saying they are in, this could happen at any moment
not in my control

understood, but biz is biz as they say.
The lack of vol @ Polo was concerning me anyway. 

The problem was the projected amounts started getting higher and higher and, well you know, USA

[jl777]

BTCD is doing it again!
We did the horizontal thing for a week
not really a flag pattern, very narrow, but it looks like we are breaking out. Last time this happened...