[ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer

[jl777]

Daily Report

42 hrs into the fund raising we are well over 3000 BTC and the prev 24 pace is around 250 BTC. If this pace maintains we would end up right around 10000 BTC for the NAV. This will give the SuperTraders a 1000 BTC bankroll and a chance for some nice near term profits. I hope to have some announcements regarding the SuperTraders this week.

With the work week coming up and the holiday in China winding down, I am expecting the declining volume from the opening bell to be counteracted by the end of the weekend. The effect of the press is hard to gauge and with the VRC community becoming active SuperNET spokespeople, we could start seeing a gradual increase in the daily volumes. If we start seeing an acceleration of volumes, that would indicate SuperNET is going viral and then there is no telling where it will end up. We do need a few days post opening day to start seeing some trends, so all this is just guesses for now.

There was some nice press articles and some weakness in the BTCD and NXT prices, so if people are seeing their purchasing power shrinking this might spur them to purchase. The choice of hold and wait for price increase to get more does make sense if we are sure the NXT or BTCD price is going to keep going up. However in markets things never go in a straight line so it could take a couple days going the wrong way and that costs the 2% from the early bird bonus. What if the price doesnt come back to within a few percent?

So it is quite tricky to know what is the best way.

Here are the recent totals

2014-09-08-05:58:47-GMT SOLD 170911.11336213 TOKEN + 159743 = 330384.11336213

753.11424019 BTC
6780122.09516537 NXT + NXT AE 20022792.5840505 = 26802914.67921587 NXT @ 7608 = 2039.16574879 BTC
15804.13479868 BTCD @ 0.01228840 = 194.20753006 BTC
519171.665713 CNY @ 2938 = 176.70921229 BTC

3163.19673133 BTC equivalent / 330384.11336213 TOKEN = 0.00957430 BTC NAV per TOKEN

The unexpectedly massive NXT purchases combined with the BTCD pulled the average per TOKEN close to the full 5% bonus level, this is further reduced by the open bell confusions, but that effect will continue to become smaller with each additional day.

As the days go by, the NAV should keep going up, but since there is quite a lot of BTC, it is possible for it to go down if NXT and BTCD are both dropping.

Clearly things started off with an incredible burst and now the marathon begins. Will we see a gradually declining value to where it is less than 3% on day 14? If so, then the fund raising would end 2 days after that. Or will we see the volumes gradually increasing?

[torshammer]

James, I have been following the VRC thread the past few days, but I am quite sure not all have - so i am thinking it might be an idea to give a very short, consise summary of the role that is being aimed for with respect to VRC and the Supernet, fiat interface, etc.   This distinct from the other dev committments you have made to VRC.


When you feel like taking a break from coding, that is. 

[Reishicoin]

really hope this thing goes for a least 3 weeks. Ive got 3 grand fiat to spare by then.

[tersagun]

really hope this thing goes for a least 3 weeks. Ive got 3 grand fiat to spare by then.

You can always buy from the NXT AE anyway.

[superresistant]

really hope this thing goes for a least 3 weeks. Ive got 3 grand fiat to spare by then.

You can always buy from the NXT AE anyway.

Exactly and I think it would be better to not make this IPO last too long.

This will give the SuperTraders a 1000 BTC bankroll and a chance for some nice near term profits. I hope to have some announcements regarding the SuperTraders this week.

SuperTraders is like your babyShark project ? I'm still waiting to become a babyShark.

[AizenSou]

Well generally I won't join any overhype ICO like this, but James might be the new Marc Zuckerberg or Bill Gates, the coder who understands how cooperate works. In fact I have seen many brilliant coders, but a coder with such marketing skill is pretty rare. I've never seen a coder who spent so much time on marketing than coding either.
But everything is still in the speculative phase. I will take the standby mode.
Another thing might be important for James as well as I notice that Supernet is the trademark of Vodafone NZ
http://help.vodafone.co.nz/app/answers/detail/a_id/18812/~/what-is-vodafones-supernet%3F

I wonder if your project goes mainstream you could have some problems with this giant company. The best is to check it now.

Regards,

Aizen

[windjc]

Well generally I won't join any overhype ICO like this, but James might be the new Marc Zuckerberg or Bill Gates, the coder who understands how cooperate works. In fact I have seen many brilliant coders, but a coder with such marketing skill is pretty rare. I've never seen a coder who spent so much time on marketing than coding either.
But everything is still in the speculative phase. I will take the standby mode.
Another thing might be important for James as well as I notice that Supernet is the trademark of Vodafone NZ
http://help.vodafone.co.nz/app/answers/detail/a_id/18812/~/what-is-vodafones-supernet%3F

I wonder if your project goes mainstream you could have some problems with this giant company. The best is to check it now.

Regards,

Aizen

Why not invest $5 and get 1 token? Dip your toe in. Just think if we can get 5% of the crypto world to all invest $5 for 1 token. Then we could all start to really work together on making the world a better place for and with crypto.

[41136169]

It seem very little chinese attending these ICO in bter.com(only 500K CNY), bter don't make people to ensure it not a scam, or we don't know how to ensure Jl777 will keep the fund operate transparent instead of his disappear with 10000BTC funds.

[salsacz]

Chinese press:

http://cn.bter.com/article/2752
https://cn.bter.com/article/2755
https://bter.com/article/2756
http://cn.bter.com/article/2757
https://cn.bter.com/article/2765

https://cn.bter.com/article/2780

http://www.btc798.com/article-5583-1.html

http://www.weibo.com/btercom
http://www.btcbbs.com/forum.php?mod=viewthread&tid=19950
http://www.wanbizu.com/xinbi/201409062205.html
http://www.cybtc.com/thread-10763-1-1.html
http://www.btclt.cn/thread-5149-1-1.html

[Ultros]

Any news about the option to sell under the official price on Bter?

[delulo]

Thanks for the quote. This https://altcoinherald.com/supernet-seeks-unify-warring-altcoin-states/ says what the purpose of SuperNET is but not how it works and the OP is a wall of text Could you direct me to the parts which describe how it is supposed to "unite all altcoins"?

https://www.github.com/jl777/libjl777 has the source code. I have posted technical details on how to interface coins.
I cannot answer a general question.

There is not description how the goal outlined in the altcoinherald (~unite all altcoins) is supposed to be accomplished besides the code itself?

push

SuperNET doc, see OP.

http://thesupernet.org/superNET.pdf
-> page not found.

Is it correct that in order to buy SupderNet tokens one needs NXT? And the sale goes on for another 12 days?

[devphp]

You get a 5% discount on the price if you buy with NXT. But you can also buy with Bitcoin:
https://bter.com/trade/TOKEN_BTC
https://bter.com/trade/TOKEN_NXT

[Shurugwi]

You get a 5% discount on the price if you buy with NXT. But you can also buy with Bitcoin:
https://bter.com/trade/TOKEN_BTC
https://bter.com/trade/TOKEN_NXT

Quoted from OP:

https://bter.com/trade/token_btc
https://bter.com/trade/token_cny
https://bter.com/trade/token_btcd
https://bter.com/trade/token_nxt

TOKEN can be purchased in BTC, NXT and BTCD. There will be a 5% discount on the BTC price for purchases with NXT and BTCD.

[ASICHEAD]

I didn't have Internet access approximately 4 days . Today I read the content of this a few days. unfortunately a group of investors Cleverly used of the opportunity to sell Tokens at prices Higher than Buy Price .

Of course I agree this error was preventable by ICO's organisers , but I think Buyers are the main culprit because when an individual makes an investment must have complete information about the investment.

all information existed in the OP and is repeated in this topic over again .
What is duty of an investor to keep your money ?
Did you buy anything that even without obtaining the necessary information ?

Now if you do equitable judgment, James is a righteous and merciful man , because he claimed compensation for the loss of your mistakes , but You did cheeky attack him , and you did provided the necessary conditions for trolls and FUDers Attacks.

warning: do not investing in anything that You don't have enough information.

I'm sorry for my bad English
   

[Shurugwi]

I didn't have Internet access approximately 4 days . Today I read the content of this a few days. unfortunately a group of investors Cleverly used of the opportunity to sell Tokens at prices Higher than Buy Price .

Of course I agree this error was preventable by ICO's organisers , but I think Buyers are the main culprit because when an individual makes an investment must have complete information about the investment.

all information existed in the OP and is repeated in this topic over again .
What is duty of an investor to keep your money ?
Did you buy anything that even without obtaining the necessary information ?

Now if you do equitable judgment, James is a righteous and merciful man , because he claimed compensation for the loss of your mistakes , but You did cheeky attack him , and you did provided the necessary conditions for trolls and FUDers Attacks.

warning: do not investing in anything that You don't have enough information.

I'm sorry for my bad English

In addition, there will be an 'early bird' discount of 15% for the first investors. This amount will slowly decrease to zero over the next two weeks. Pricing will be adjusted automatically on BTER but manually on the NXT Asset Exchange, hence may not be as smooth.

The price periodically increases automatically and is as planned and explained long before the ICO started. The earlier you buy the cheaper it is.

[ShroomsKit_Disgrace]

I didn't have Internet access approximately 4 days . Today I read the content of this a few days. unfortunately a group of investors Cleverly used of the opportunity to sell Tokens at prices Higher than Buy Price .

Of course I agree this error was preventable by ICO's organisers , but I think Buyers are the main culprit because when an individual makes an investment must have complete information about the investment.

all information existed in the OP and is repeated in this topic over again .
What is duty of an investor to keep your money ?
Did you buy anything that even without obtaining the necessary information ?

Now if you do equitable judgment, James is a righteous and merciful man , because he claimed compensation for the loss of your mistakes , but You did cheeky attack him , and you did provided the necessary conditions for trolls and FUDers Attacks.

warning: do not investing in anything that You don't have enough information.

I'm sorry for my bad English
   

wise words.

[jeezy]

I didn't have Internet access approximately 4 days . Today I read the content of this a few days. unfortunately a group of investors Cleverly used of the opportunity to sell Tokens at prices Higher than Buy Price .

Of course I agree this error was preventable by ICO's organisers , but I think Buyers are the main culprit because when an individual makes an investment must have complete information about the investment.

all information existed in the OP and is repeated in this topic over again .
What is duty of an investor to keep your money ?
Did you buy anything that even without obtaining the necessary information ?

Now if you do equitable judgment, James is a righteous and merciful man , because he claimed compensation for the loss of your mistakes , but You did cheeky attack him , and you did provided the necessary conditions for trolls and FUDers Attacks.

warning: do not investing in anything that You don't have enough information.

I'm sorry for my bad English

In addition, there will be an 'early bird' discount of 15% for the first investors. This amount will slowly decrease to zero over the next two weeks. Pricing will be adjusted automatically on BTER but manually on the NXT Asset Exchange, hence may not be as smooth.

The price periodically increases automatically and is as planned and explained long before the ICO started. The earlier you buy the cheaper it is.

Depends on the development of NXT/BTCD price really.

[tersagun]

Yep

I, for instance, only bought 200 Tokens with my spare BTC.
Keeping 30K NXT on BTER, hoping for the price to reach 9000 satoshi's before buying more :-)

[moneyflow]

Can we know what coins are being considered right now to integrate the supernetwork?

[S3MKi]

Can we know what coins are being considered right now to integrate the supernetwork?

i think it will be rootcoin. they will launch bitkey soon. but u should wait answer from James.