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

[torshammer]

Personally I vote for this. But how do i vote?

valarmg is working on a voting software for NXT AE TOKEN holders and bter will make a special voting page on bter.com
details will be announced when the time comes

Excellent.

[jl777]

The transfers, they are done:

15720904723604126361
13969817255360149927   
616709295133043647

Now the SuperNET account has the core assets as described and it will thus get 24.15% of the dividends that these core assets will generate. I feel a happy balance.

http://nxtreporting.com/?a=NXT-MRBN-8DFH-PFMK-A4DBM&c=USD shows the SuperNET account
It currently has 23.5 million NXT (which I still have not run away with) and 26.3 million NXT worth of the core assets.

Let us calculate the TOKEN NAV and SuperNET NAV, the latter using core assets and assuming full 20% dilution.

2014-09-11-14:00:03-GMT SOLD 211012.56580535 TOKEN

928.44400974 BTC, 8955179.34129586 NXT, 18107.41954836 BTCD, 604418.27454791 CNY
NXT AE 23495504.342392 NXT for 187039 TOKEN

Total TOKEN: 398051.56580535
BTC 928.44400974
NXT 32450683.68368786 * .000085 = 2758.30811311 BTC
BTCD 18107.41954836 * 0.01398860 = 253.29744909 BTC
CNY 604418.27454791 @ 2930 = 206.2861 BTC
BTC equiv = 4146.33567247

TOKEN NAV = 0.01041658 BTC

If the UNITY trading is active, there would now be a 50 BTC buywall at 0.01041658 BTC

Now let us adjust this for the value of the core assets, the following I just cut and paste from the GUI:
InstantDEX   241'485   1'000'000   24.15%   48.98   45   10'866'825   
NXTcoinsco   241'485   1'000'000   24.15%   26.98        25   6'037'125
NXTprivacy   241'485   1'000'000   24.15%   43.9989   39   9'418'180
Total 26322130 NXT * .000085 = 2237.38105 BTC

Now we assume the "worst case" dilution where both bonuses are earned, which would mean there are a total of 497564.4573 SuperNET assets. You can check the math, 80% of this number is matching the number of TOKEN.

SuperNET NAV = (4146.33567247 + 2237.38105) / 497564.4573 = (6383.71672247 / 497564.4573) = 0.01282993 BTC

This is a 23% premium over the TOKEN NAV, even when using the 20% dilution.

I hope these calculations make it clearer how all this works

James

[trythisnow]

[Proposed Change in Terms]

I would like to propose change the terms of the fund raising. I made an error in limiting the core assets to 10%, but it is impossible to know how significant this factor was in people's investment decision. In my mind, the SuperNET is optimal when it has the financing, revenues and advertising in balance and there is no way to achieve that based on the current funding levels.

I aim to solve this by guaranteeing to put into SuperNET a minimum of 241485 assets (24.15%) for all three core assets:

InstantDEX   241'485   1'000'000   24.15%   49   44.5   (has 30% of NXTventure) = 7.245%  ---> You mean InstantDex is made of 30% NXT venture or it holds 30% of the NXT venture?
Tradebots     241'485   1'000'000   24.15%   27   20    (has 18.5% JLH) = 4.46% --> Same as above
NXTprivacy   241'485   1'000'000   24.15%   40   39    (has 30% cryptocard + 60% Privatebet) = 7.245% + 14.49% --> same as above

With 24.15% of each of the above three core assets, there is the following percentage that will be directly or indirectly owned:

InstantDEX 24.15% ---> shouldn't this be 17% of pure Instadex? cause then you are adding NXTventure %age twice
Tradebots (NXTcoinsco) 24.15%  ---> Same as above should be nearer to 20%
NXTprivacy 24.15%  ---> Should be nearer to 3% of pure NXTprivacy
Privatebet 14.49%   ---> 14.5% which forms NXTPrivacy === 14.5% of the NXTPrivacy asset too?
cryptocard 7.245%
NXTventure 7.245%
jl777hodl 4.46%

InstantDEX 10746082 NXT + Tradebots 4829700 NXT  + NXTprivacy  9417915 NXT  = 24993697 NXT @ .00008 = 1999.49 BTC
Current market value is right around 2000 BTC or around $1 million USD.

James as you wud have noticed I am a bit stickler for numbers Just curious on the %age wise section.

indirect percentages are what it holds
the marketprice for the three core assets presumably includes the value of what it contains, this assumes the market fully understands all the holdings and this is debatable. it is quite possible that the value of the three core assets are not marketpriced with the assets it contains, but having these assets are only a plus.

Yep that makes sense.
I just did the numbers for InstantDex, seems NXTVenture also forms 35% of the asset market price too It currently holds (InstantDEX):
jl777hodl
NSC
HRNXTPool
NXTventure
InstantDEX --> This I assume are unsold shares

So, at 24.15% you get:
Asset   Total       Holding in 24.15%   Value @ current Rate   %age formation of InstantDex
jl777hodl         193200                   618239.9614            5.284755091  ---> ~2% of jl777hodl
NSC                 2.6565                   2.6565                    2.27079E-05
HRNXTPool         8114.4                   202860                    1.734060373  ---> ~8% of HRNXTpool
NXTventure      72450                           4202100                    35.919822  

Instantdex      238843.5                   11698554.63            100

So my guess is you can add another 2% for jl777hodl + 8% of HRNXTpool, much more variety.

[Este Nuno]

I like the risk vs reward. Also I think it's important to have adequate financial incentives in any business or similar venture. And this covers that.

[jl777]

[Proposed Change in Terms]

I would like to propose change the terms of the fund raising. I made an error in limiting the core assets to 10%, but it is impossible to know how significant this factor was in people's investment decision. In my mind, the SuperNET is optimal when it has the financing, revenues and advertising in balance and there is no way to achieve that based on the current funding levels.

I aim to solve this by guaranteeing to put into SuperNET a minimum of 241485 assets (24.15%) for all three core assets:

InstantDEX   241'485   1'000'000   24.15%   49   44.5   (has 30% of NXTventure) = 7.245%  ---> You mean InstantDex is made of 30% NXT venture or it holds 30% of the NXT venture?
Tradebots     241'485   1'000'000   24.15%   27   20    (has 18.5% JLH) = 4.46% --> Same as above
NXTprivacy   241'485   1'000'000   24.15%   40   39    (has 30% cryptocard + 60% Privatebet) = 7.245% + 14.49% --> same as above

With 24.15% of each of the above three core assets, there is the following percentage that will be directly or indirectly owned:

InstantDEX 24.15% ---> shouldn't this be 17% of pure Instadex? cause then you are adding NXTventure %age twice
Tradebots (NXTcoinsco) 24.15%  ---> Same as above should be nearer to 20%
NXTprivacy 24.15%  ---> Should be nearer to 3% of pure NXTprivacy
Privatebet 14.49%   ---> 14.5% which forms NXTPrivacy === 14.5% of the NXTPrivacy asset too?
cryptocard 7.245%
NXTventure 7.245%
jl777hodl 4.46%

InstantDEX 10746082 NXT + Tradebots 4829700 NXT  + NXTprivacy  9417915 NXT  = 24993697 NXT @ .00008 = 1999.49 BTC
Current market value is right around 2000 BTC or around $1 million USD.

James as you wud have noticed I am a bit stickler for numbers Just curious on the %age wise section.

indirect percentages are what it holds
the marketprice for the three core assets presumably includes the value of what it contains, this assumes the market fully understands all the holdings and this is debatable. it is quite possible that the value of the three core assets are not marketpriced with the assets it contains, but having these assets are only a plus.

Yep that makes sense.
I just did the numbers for InstantDex, seems NXTVenture also forms 35% of the asset market price too It currently holds (InstantDEX):
jl777hodl
NSC
HRNXTPool
NXTventure
InstantDEX --> This I assume are unsold shares

So, at 24.15% you get:
Asset   Total       Holding in 24.15%   Value @ current Rate   %age formation of InstantDex
jl777hodl         193200                   618239.9614            5.284755091  ---> ~2% of jl777hodl
NSC                 2.6565                   2.6565                    2.27079E-05
HRNXTPool         8114.4                   202860                    1.734060373  ---> ~8% of HRNXTpool
NXTventure      72450                           4202100                    35.919822  

Instantdex      238843.5                   11698554.63            100

So my guess is you can add another 2% for jl777hodl + 8% of HRNXTpool, much more variety.

All the issued InstantDEX are ones with marketvalues. I am not counting all the small things and just assuming the value for all the assets contained are encapsulated by the market price. Of course since I am horrible at explaining all these details, it is only the people who are studying the details that know all the things that are contained.

I like to underpromise and overdelivery. I find people are much happier with that approach than the reverse.
The JLH and NXTventure holdings are quite diverse, but since it is a rather small percentage I am not really counting them in the valuations. Any marketcap that the NXTventure offerings gains, thus becomes just an added bonus when they are coming to market.

There is an entire team in the superNET forum that is trying to get all this mess I am making to be easy to understand and even some sort of animated game like display. Once everyone is able to see what now takes hours of study to understand, then I expect the marketcap will reflect this. people dont usually buy things they dont understand.

Due to the timing, this clarity will most likely not be ready before the funding closes. Another way I am helping the people who believe in me the most to make the most money.

James

[jl777]

I like the risk vs reward. Also I think it's important to have adequate financial incentives in any business or similar venture. And this covers that.

it was your suggestion to allocate more funds for incentives and working capital that led me to the SuperNET assets allocated to the SuperNET account.

Thank you!

I listen to any and all feedbacks, as I know the sum of everybody's knowledge makes my knowledge a tiny thing

I know there are many that like everything all defined and fixed, solid. As you can see I am one to make things dynamic, alive, organic.

James

[spiler]

James. You have my vote 

+1

[jl777]

For some reason TOKEN sales are growing today.

[cexylikepie]

Why does it feel like only jl777 understands any of this?
I bought a lot (for me) because I trust a random man on the internet who is known for making a lot of money off of people just like me. Am I all right in the head?

[Graffenwalder]

The transfers, they are done:

15720904723604126361
13969817255360149927   
616709295133043647

Now the SuperNET account has the core assets as described and it will thus get 24.15% of the dividends that these core assets will generate. I feel a happy balance.

http://nxtreporting.com/?a=NXT-MRBN-8DFH-PFMK-A4DBM&c=USD shows the SuperNET account
It currently has 23.5 million NXT (which I still have not run away with) and 26.3 million NXT worth of the core assets.

Let us calculate the TOKEN NAV and SuperNET NAV, the latter using core assets and assuming full 20% dilution.

2014-09-11-14:00:03-GMT SOLD 211012.56580535 TOKEN

928.44400974 BTC, 8955179.34129586 NXT, 18107.41954836 BTCD, 604418.27454791 CNY
NXT AE 23495504.342392 NXT for 187039 TOKEN

Total TOKEN: 398051.56580535
BTC 928.44400974
NXT 32450683.68368786 * .000085 = 2758.30811311 BTC
BTCD 18107.41954836 * 0.01398860 = 253.29744909 BTC
CNY 604418.27454791 @ 2930 = 206.2861 BTC
BTC equiv = 4146.33567247

TOKEN NAV = 0.01041658 BTC

If the UNITY trading is active, there would now be a 50 BTC buywall at 0.01041658 BTC

Now let us adjust this for the value of the core assets, the following I just cut and paste from the GUI:
InstantDEX   241'485   1'000'000   24.15%   48.98   45   10'866'825   
NXTcoinsco   241'485   1'000'000   24.15%   26.98        25   6'037'125
NXTprivacy   241'485   1'000'000   24.15%   43.9989   39   9'418'180
Total 26322130 NXT * .000085 = 2237.38105 BTC

Now we assume the "worst case" dilution where both bonuses are earned, which would mean there are a total of 497564.4573 SuperNET assets. You can check the math, 80% of this number is matching the number of TOKEN.

SuperNET NAV = (4146.33567247 + 2237.38105) / 497564.4573 = (6383.71672247 / 497564.4573) = 0.01282993 BTC

This is a 23% premium over the TOKEN NAV, even when using the 20% dilution.

I hope these calculations make it clearer how all this works

James

Isn't this ICO the whole reason NXT has been on a constant pump? Since a lot of people sell BTC for NXT to get in to the ICO cheaper.

What happens when this ICO is over, I guess we'll see a correction in NXT prices and thus a correction in TOKEN/UNITY NAV

[Elokane]

Having the money in escrow is nice and all, but putting $1m in James' pocket right away sounds ridiculous.
Am I missing something?

James will lose his 1 million dollars if superNET fail.
He puts money in it because he believes in it.
It's simple as that.

They are not "his". They are the money raised by this funding campaign.

No. This funding campaign have nothing to do with any of the following project : InstantDEX, Tradebots (NXTcoinsco), NXTprivacy, Privatebet, cryptocard, NXTventure, jl777hodl.
He is not taking money from the superNET ICO.
superNET ICO ≠ James assets
He takes his money from assets and invest in the superNET ICO.

Ok now I am confused - "He takes his money from assets and invest in the superNET ICO"? Does it mean he will invest these assets or commit these assets to SuperNet without asset owner vote? sharkfund0 and jl777hodl are basically funds so my guess is that is fine but NXTPrivacy, Privatebet are not. so will james be seeking vote for the assets?
Or the money from ICO will be used to buy these assets and add to the fund?
Or he will use his own money to buy these assets and donate it to the SuperNet ICO?

So much confusion.

I already have these assets
I will be transferring them into the SuperNET acct from my personal acct shortly
For 2000 BTC of assets I am only assured of getting 10% of the SuperNET assets, if 5000 BTC is raised, this is 500BTC worth of SuperNET asset for 2000 BTC worth of core assets. Not so good of a deal, so I ask for bonus of 5% + 5%.

Then I will get another 250BTC worth of SuperNET assets if SuperNET is top10 coinmarketcap before end of this year and another 250 BTC worth of SuperNET assets if SuperNET is top5 coinmarketcap before end of next year.

These 250 BTC values are the NAV based on 5000 BTC raised. Of course if SuperNET is top5 coinmarketcap, then it is all worth 10x so I will have made 5000 BTC from these bonuses. This is a very good incentive for me to work very hard to achieve this result!

Is it fair that I make so much money? With the TOKEN investors making 45000 BTC during this, I feel it is more than fair. I am risking 500 BTC worth of assets as I am confident that Top5 will be achieved. The other extra I am viewing as a donation to help the SuperNET be more powerful.

I always try to make the deals a win/win. I only win if the other party wins.

James

OK, I understand what you're doing now. I had previously thought you were allocating more of the raised funds to purchasing these assets. Now I understand that, simply put:

You are selling 2000 BTC worth of your existing assets, those that are at the core of the SuperNET technology, for 500 BTC of SuperNET raised funds.

Correct?

[ohyeahok]

What exactly is the jlh777hodl asset? I've been watching it constantly go up, but don't want to buy it without understanding it, how to get dividends paid, and it's twice the price it was a week ago!

http://nxtreporting.com/?a=NXT-2AHU-UXZW-K9Q2-HENLW&c=USD has a detailed listing of what JLH contains. This is where I put in ~10% slices of the assets I am involved in. It has the widest range of assets and represents the overall value of the cryptoasset economy. Not exactly like the DowJones for stock market, but similar. I do not get all the assets, but I do put in assets that I am not making

Maybe JLH will never get any new assets added to it. Or maybe I will just keep tossing in 10% slices as I am making the deals. All you know is that once it goes into JLH, only marketrate swaps are allowed.

James

P.S. there are 10 million JLH, so if the marketcap figure in the upper right of the page is 35 million NXT, then each JLH is worth 3.5 NXT, but some have noticed that there are assets in JLH that have no marketprice yet.

How are the dividends paid out?

JLH does not pay dividends, it reinvests them to compound its value

i think he is asking for the dividends of supernet how to paid out.
i search all the thread,and i still haven't the answer.
may be,
Examples:
nav = 5000btc is beginning
one day it`s growing up 5500btc, and can we take out 250btc to dividends to the holders.
and again the nav of supernet beginning in 5250btc. Such circulation. of couse the number of the percentage just a think..
sorry for my poor english. hope you understand what i mean, jl.

[ohyeahok]

The transfers, they are done:

15720904723604126361
13969817255360149927   
616709295133043647

Now the SuperNET account has the core assets as described and it will thus get 24.15% of the dividends that these core assets will generate. I feel a happy balance.

http://nxtreporting.com/?a=NXT-MRBN-8DFH-PFMK-A4DBM&c=USD shows the SuperNET account
It currently has 23.5 million NXT (which I still have not run away with) and 26.3 million NXT worth of the core assets.

Let us calculate the TOKEN NAV and SuperNET NAV, the latter using core assets and assuming full 20% dilution.

2014-09-11-14:00:03-GMT SOLD 211012.56580535 TOKEN

928.44400974 BTC, 8955179.34129586 NXT, 18107.41954836 BTCD, 604418.27454791 CNY
NXT AE 23495504.342392 NXT for 187039 TOKEN

Total TOKEN: 398051.56580535
BTC 928.44400974
NXT 32450683.68368786 * .000085 = 2758.30811311 BTC
BTCD 18107.41954836 * 0.01398860 = 253.29744909 BTC
CNY 604418.27454791 @ 2930 = 206.2861 BTC
BTC equiv = 4146.33567247

TOKEN NAV = 0.01041658 BTC

If the UNITY trading is active, there would now be a 50 BTC buywall at 0.01041658 BTC

Now let us adjust this for the value of the core assets, the following I just cut and paste from the GUI:
InstantDEX   241'485   1'000'000   24.15%   48.98   45   10'866'825   
NXTcoinsco   241'485   1'000'000   24.15%   26.98        25   6'037'125
NXTprivacy   241'485   1'000'000   24.15%   43.9989   39   9'418'180
Total 26322130 NXT * .000085 = 2237.38105 BTC

Now we assume the "worst case" dilution where both bonuses are earned, which would mean there are a total of 497564.4573 SuperNET assets. You can check the math, 80% of this number is matching the number of TOKEN.

SuperNET NAV = (4146.33567247 + 2237.38105) / 497564.4573 = (6383.71672247 / 497564.4573) = 0.01282993 BTC

This is a 23% premium over the TOKEN NAV, even when using the 20% dilution.

I hope these calculations make it clearer how all this works

James

Isn't this ICO the whole reason NXT has been on a constant pump? Since a lot of people sell BTC for NXT to get in to the ICO cheaper.

What happens when this ICO is over, I guess we'll see a correction in NXT prices and thus a correction in TOKEN/UNITY NAV

yes,I think it is like this.but jl take Percentage of supernet is just 10%,if i`m not wrong.it`s still less than he put.
he is a contribution if he not run away 

[marechoux]

Ok I think I got it and I vote YES James, just waiting for the option appears in BTER ( I guess the vote will be wagered with the quantity of token we own )

Actually I can't understand how to vote NO on this, because in my mind there is 2 possible situations.

1st case: Everything is a big scam, and if you believe this , then you should not be an investor of supernet...or you're dumb  

2nd case : What James wants to do with the implementation of his assets  (2000 BTC worth on marketcap / 500 BTC worth of token for him)  is really good on an investor side and show James is very confident with his project.
The bonus reward that James is asking for (5% + 5% if market cap increase a lot) is a little and minimum compensation for the big risk he is taking.
So as you think this whole supernet is something serious (because you are not in 1st case) then it would be stupid in my mind to vote NO.

[jl777]

The transfers, they are done:

15720904723604126361
13969817255360149927   
616709295133043647

Now the SuperNET account has the core assets as described and it will thus get 24.15% of the dividends that these core assets will generate. I feel a happy balance.

http://nxtreporting.com/?a=NXT-MRBN-8DFH-PFMK-A4DBM&c=USD shows the SuperNET account
It currently has 23.5 million NXT (which I still have not run away with) and 26.3 million NXT worth of the core assets.

Let us calculate the TOKEN NAV and SuperNET NAV, the latter using core assets and assuming full 20% dilution.

2014-09-11-14:00:03-GMT SOLD 211012.56580535 TOKEN

928.44400974 BTC, 8955179.34129586 NXT, 18107.41954836 BTCD, 604418.27454791 CNY
NXT AE 23495504.342392 NXT for 187039 TOKEN

Total TOKEN: 398051.56580535
BTC 928.44400974
NXT 32450683.68368786 * .000085 = 2758.30811311 BTC
BTCD 18107.41954836 * 0.01398860 = 253.29744909 BTC
CNY 604418.27454791 @ 2930 = 206.2861 BTC
BTC equiv = 4146.33567247

TOKEN NAV = 0.01041658 BTC

If the UNITY trading is active, there would now be a 50 BTC buywall at 0.01041658 BTC

Now let us adjust this for the value of the core assets, the following I just cut and paste from the GUI:
InstantDEX   241'485   1'000'000   24.15%   48.98   45   10'866'825   
NXTcoinsco   241'485   1'000'000   24.15%   26.98        25   6'037'125
NXTprivacy   241'485   1'000'000   24.15%   43.9989   39   9'418'180
Total 26322130 NXT * .000085 = 2237.38105 BTC

Now we assume the "worst case" dilution where both bonuses are earned, which would mean there are a total of 497564.4573 SuperNET assets. You can check the math, 80% of this number is matching the number of TOKEN.

SuperNET NAV = (4146.33567247 + 2237.38105) / 497564.4573 = (6383.71672247 / 497564.4573) = 0.01282993 BTC

This is a 23% premium over the TOKEN NAV, even when using the 20% dilution.

I hope these calculations make it clearer how all this works

James

Isn't this ICO the whole reason NXT has been on a constant pump? Since a lot of people sell BTC for NXT to get in to the ICO cheaper.

What happens when this ICO is over, I guess we'll see a correction in NXT prices and thus a correction in TOKEN/UNITY NAV

The 5% bonus for NXT is not enough to create any constant buying pressure as the bid/ask spread is probably half that. Maybe some initial boost, but then it costs more to go BTC -> NXT -> TOKEN, vs just BTC -> TOKEN. It was designed to bonus people who already had NXT.

My theory is that SuperNET has gotten some people who before this never bothered to even look at NXT with an objective eye. Now that people are seeing that some crazy guy has made millions of USD in a few months via NXT assets and that a NXT asset has gotten thousands of BTC of sales. Well, only somebody who is not observing the reality will still deny that NXT is real and useful and has a bright future.

So, similar to BBR, I just made people notice there was no reason for it to be having such a low price. A lot of people who are trusting of me just immediately bought BBR and quadrupled its price. But a lot of people took the time to actually look at this ignored cryptonote and saw for themselves why I like it and then the bigger money moved in.

Just my opinion though, I have been know to make many mistakes, so please make your own conclusions about the valuation adjustment that comes from a communitywide discovery that NXT is really cool.

James

P.S. One key thing to realize is that even if I inadvertently caused some artificial demand for NXT with the 5% bonus, unlike any other price increase where all the NXT that is bought will be sold on the open market, SuperNET's 30 million+ NXT is for HODL and private investments in NXT economy startups. For those trying to model this accurately, this is a key factor that cannot be ignored as the SuperNET is absorbing the average trading volume of NXT so far.

[PilotofBTC]

The transfers, they are done:

15720904723604126361
13969817255360149927   
616709295133043647

Now the SuperNET account has the core assets as described and it will thus get 24.15% of the dividends that these core assets will generate. I feel a happy balance.

http://nxtreporting.com/?a=NXT-MRBN-8DFH-PFMK-A4DBM&c=USD shows the SuperNET account
It currently has 23.5 million NXT (which I still have not run away with) and 26.3 million NXT worth of the core assets.

Let us calculate the TOKEN NAV and SuperNET NAV, the latter using core assets and assuming full 20% dilution.

2014-09-11-14:00:03-GMT SOLD 211012.56580535 TOKEN

928.44400974 BTC, 8955179.34129586 NXT, 18107.41954836 BTCD, 604418.27454791 CNY
NXT AE 23495504.342392 NXT for 187039 TOKEN

Total TOKEN: 398051.56580535
BTC 928.44400974
NXT 32450683.68368786 * .000085 = 2758.30811311 BTC
BTCD 18107.41954836 * 0.01398860 = 253.29744909 BTC
CNY 604418.27454791 @ 2930 = 206.2861 BTC
BTC equiv = 4146.33567247

TOKEN NAV = 0.01041658 BTC

If the UNITY trading is active, there would now be a 50 BTC buywall at 0.01041658 BTC

Now let us adjust this for the value of the core assets, the following I just cut and paste from the GUI:
InstantDEX   241'485   1'000'000   24.15%   48.98   45   10'866'825   
NXTcoinsco   241'485   1'000'000   24.15%   26.98        25   6'037'125
NXTprivacy   241'485   1'000'000   24.15%   43.9989   39   9'418'180
Total 26322130 NXT * .000085 = 2237.38105 BTC

Now we assume the "worst case" dilution where both bonuses are earned, which would mean there are a total of 497564.4573 SuperNET assets. You can check the math, 80% of this number is matching the number of TOKEN.

SuperNET NAV = (4146.33567247 + 2237.38105) / 497564.4573 = (6383.71672247 / 497564.4573) = 0.01282993 BTC

This is a 23% premium over the TOKEN NAV, even when using the 20% dilution.

I hope these calculations make it clearer how all this works

James

Nice, the superNET asset account is currently worth, without the BTC/BTCD/NXT invested (at bter) 7'437million NXT or about $461million USD. This has got to be the largest single crypto account around.

I'm so excited for this asset. I'd love to put more in, but gotta respect my monthly crypto investment budget and diversification rules.

[PilotofBTC]

Why does it feel like only jl777 understands any of this?
I bought a lot (for me) because I trust a random man on the internet who is known for making a lot of money off of people just like me. Am I all right in the head?

Warren Buffet would smack you.

“Never invest in a business you cannot understand.”

[jl777]

Having the money in escrow is nice and all, but putting $1m in James' pocket right away sounds ridiculous.
Am I missing something?

James will lose his 1 million dollars if superNET fail.
He puts money in it because he believes in it.
It's simple as that.

They are not "his". They are the money raised by this funding campaign.

No. This funding campaign have nothing to do with any of the following project : InstantDEX, Tradebots (NXTcoinsco), NXTprivacy, Privatebet, cryptocard, NXTventure, jl777hodl.
He is not taking money from the superNET ICO.
superNET ICO ≠ James assets
He takes his money from assets and invest in the superNET ICO.

Ok now I am confused - "He takes his money from assets and invest in the superNET ICO"? Does it mean he will invest these assets or commit these assets to SuperNet without asset owner vote? sharkfund0 and jl777hodl are basically funds so my guess is that is fine but NXTPrivacy, Privatebet are not. so will james be seeking vote for the assets?
Or the money from ICO will be used to buy these assets and add to the fund?
Or he will use his own money to buy these assets and donate it to the SuperNet ICO?

So much confusion.

I already have these assets
I will be transferring them into the SuperNET acct from my personal acct shortly
For 2000 BTC of assets I am only assured of getting 10% of the SuperNET assets, if 5000 BTC is raised, this is 500BTC worth of SuperNET asset for 2000 BTC worth of core assets. Not so good of a deal, so I ask for bonus of 5% + 5%.

Then I will get another 250BTC worth of SuperNET assets if SuperNET is top10 coinmarketcap before end of this year and another 250 BTC worth of SuperNET assets if SuperNET is top5 coinmarketcap before end of next year.

These 250 BTC values are the NAV based on 5000 BTC raised. Of course if SuperNET is top5 coinmarketcap, then it is all worth 10x so I will have made 5000 BTC from these bonuses. This is a very good incentive for me to work very hard to achieve this result!

Is it fair that I make so much money? With the TOKEN investors making 45000 BTC during this, I feel it is more than fair. I am risking 500 BTC worth of assets as I am confident that Top5 will be achieved. The other extra I am viewing as a donation to help the SuperNET be more powerful.

I always try to make the deals a win/win. I only win if the other party wins.

James

OK, I understand what you're doing now. I had previously thought you were allocating more of the raised funds to purchasing these assets. Now I understand that, simply put:

You are selling 2000 BTC worth of your existing assets, those that are at the core of the SuperNET technology, for 500 BTC of SuperNET raised funds.

Correct?

No. I am getting no BTC at all. I am only getting 500 BTC worth of SuperNET asset. The BTC is for the escrow.
Please follow the money and it will be clear my intentions. I already put the assets in, without any guarantee the vote will be in my favor for the 5%+5% bonus.

I am counting on getting 20% of SuperNET when it is Top5 marketcap. Without this deal, I would be limited to 10% of SuperNET. I am risking 1500BTC worth of assets on my confidence of SuperNET future, especially now it has at least 4x the core asset revenues.

Somehow I am creating more value by giving away stuff. This is probably some sort of anomaly, but I am no economist, I am just making one step at a time to solve the problems as they arise. The lack of SuperNET core assets was a problem that prevented me from concentrating on coding, so I solved it and I believe in a win/win manner

James

[jl777]

What exactly is the jlh777hodl asset? I've been watching it constantly go up, but don't want to buy it without understanding it, how to get dividends paid, and it's twice the price it was a week ago!

http://nxtreporting.com/?a=NXT-2AHU-UXZW-K9Q2-HENLW&c=USD has a detailed listing of what JLH contains. This is where I put in ~10% slices of the assets I am involved in. It has the widest range of assets and represents the overall value of the cryptoasset economy. Not exactly like the DowJones for stock market, but similar. I do not get all the assets, but I do put in assets that I am not making

Maybe JLH will never get any new assets added to it. Or maybe I will just keep tossing in 10% slices as I am making the deals. All you know is that once it goes into JLH, only marketrate swaps are allowed.

James

P.S. there are 10 million JLH, so if the marketcap figure in the upper right of the page is 35 million NXT, then each JLH is worth 3.5 NXT, but some have noticed that there are assets in JLH that have no marketprice yet.

How are the dividends paid out?

JLH does not pay dividends, it reinvests them to compound its value

i think he is asking for the dividends of supernet how to paid out.
i search all the thread,and i still haven't the answer.
may be,
Examples:
nav = 5000btc is beginning
one day it`s growing up 5500btc, and can we take out 250btc to dividends to the holders.
and again the nav of supernet beginning in 5250btc. Such circulation. of couse the number of the percentage just a think..
sorry for my poor english. hope you understand what i mean, jl.

The SuperNET it will be making revenues from the fees that the core assets are making, advertising revenues, shared fees with third parties. All of this becomes the SuperNET revenues. Half will go to the SuperNET assetholders using NXT dividend mechanism. This is standard for the NXT assets. The other half is for paying the overhead 10%, 20% to the coin communities according to their contribution, 5% for NXT core development and 5% to BTCD stakers. I leave 10% unallocated so I can decide how best to use it to maximize the marketcap of SuperNET. Afterall I am putting in large amount of my wealth into SuperNET and collecting no salary and have no fancy office or even any office, so certainly no company jet or any standard perks for the big executives. This is why SuperNET is able to run at 90% profit margin and still be making revenue sharing to coin communities and 50% dividend.

Now totally separate is the financial side. The SuperTraders are making the crypto portolio grow in value. Let us call this the "hard" NAV and it is this growing NAV that will be making the buywall. The 50% revenues are being paid directly to the assetholders, so the SuperNET wont have this in its portfolio. The NXTventure is making seed investments and this is making its portfolio of assets grow, eventually they will have a marketcap. So like I did the NAV calculation, the value of all the assets will create a SuperNET NAV and I expect that this will be the floor price for trading.

The NAV valuation is the one that will be quickest be growing as the SuperTraders are staffed up and ready for 7x24 trading already. Until the revenues are becoming more significant, the valuation of SuperNET will be dominated by its crypto NAV. However, once any level of monetization is achieved, I would be very surprised if the NAV valuation is more than a minority of the marketcap.

Just look at valuations of companies with rapidly growing revenues in a promising market with a good business model run efficiently. I believe SuperNET will deserve to be valued like this type of company and in these cases the book value (what you get if you sold everything the company owns) has very little value to the marketcap. Unlike most high growth tech companies SuperNET will immediately be sending out as dividends half its revenues, this is quite a bit higher than any real world company in even the most mature industries. It is much more like a partnership where all the investors are profit sharing directly, but even this analogy fails since it is 50% of revenues which will be visible on blockchain and verifiable, instead of profits which can easily be manipulated

James

[jl777]

The transfers, they are done:

15720904723604126361
13969817255360149927   
616709295133043647

Now the SuperNET account has the core assets as described and it will thus get 24.15% of the dividends that these core assets will generate. I feel a happy balance.

http://nxtreporting.com/?a=NXT-MRBN-8DFH-PFMK-A4DBM&c=USD shows the SuperNET account
It currently has 23.5 million NXT (which I still have not run away with) and 26.3 million NXT worth of the core assets.

Let us calculate the TOKEN NAV and SuperNET NAV, the latter using core assets and assuming full 20% dilution.

2014-09-11-14:00:03-GMT SOLD 211012.56580535 TOKEN

928.44400974 BTC, 8955179.34129586 NXT, 18107.41954836 BTCD, 604418.27454791 CNY
NXT AE 23495504.342392 NXT for 187039 TOKEN

Total TOKEN: 398051.56580535
BTC 928.44400974
NXT 32450683.68368786 * .000085 = 2758.30811311 BTC
BTCD 18107.41954836 * 0.01398860 = 253.29744909 BTC
CNY 604418.27454791 @ 2930 = 206.2861 BTC
BTC equiv = 4146.33567247

TOKEN NAV = 0.01041658 BTC

If the UNITY trading is active, there would now be a 50 BTC buywall at 0.01041658 BTC

Now let us adjust this for the value of the core assets, the following I just cut and paste from the GUI:
InstantDEX   241'485   1'000'000   24.15%   48.98   45   10'866'825   
NXTcoinsco   241'485   1'000'000   24.15%   26.98        25   6'037'125
NXTprivacy   241'485   1'000'000   24.15%   43.9989   39   9'418'180
Total 26322130 NXT * .000085 = 2237.38105 BTC

Now we assume the "worst case" dilution where both bonuses are earned, which would mean there are a total of 497564.4573 SuperNET assets. You can check the math, 80% of this number is matching the number of TOKEN.

SuperNET NAV = (4146.33567247 + 2237.38105) / 497564.4573 = (6383.71672247 / 497564.4573) = 0.01282993 BTC

This is a 23% premium over the TOKEN NAV, even when using the 20% dilution.

I hope these calculations make it clearer how all this works

James

Nice, the superNET asset account is currently worth, without the BTC/BTCD/NXT invested (at bter) 7'437million NXT or about $461million USD. This has got to be the largest single crypto account around.

I'm so excited for this asset. I'd love to put more in, but gotta respect my monthly crypto investment budget and diversification rules.

Please calm!
This is due to the large number of unsold TOKEN. You must subtract out this number. Actually just add the NXT and the value of the assets that are not TOKEN

The number is only around 50 million NXT

James