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

[Trinibits]

lol Funny

[1715609267]

1715609267

[1715609267]

1715609267

[1715609267]

1715609267

[Honeycutt22]

lol Funny

I'm sure her parents are so proud.

[superresistant]

http://www.animated-gifs.eu/leisure-dance-sexy/0035.gif

lol Funny

I'm sure her parents are so proud.

I wouldn't mind.

[Cassius]

Ok, trying to focus here. Pics not helping.

Asset is denominated in BTC but there is a 5% bonus for buying in NXT or BTCD.
Since tokens purchased will be converted from NXT/BTCD to BTC at the time of purchase (by moving average rate), it makes sense to buy NXT/BTCD just before the time of purchase with BTC to gain the 5% bonus.
So why would anyone pay with BTC? Why would they not move the BTC to the exchange then buy NXT/BTCD immediately before buying the UNITY token with it?
As a result, does this mean we are likely to see a slow and steady appreciation of NXT/BTCD against BTC over the course of the donation process - which might well offset the effect of the incrementally decreasing discount, especially if there was a feedback loop as NXT/BTCD continued to appreciate?
Is buying in tranches over the course of several days a wise response to this possibility?

[crackfoo]

Ok, trying to focus here. Pics not helping.

Asset is denominated in BTC but there is a 5% bonus for buying in NXT or BTCD.
Since tokens purchased will be converted from NXT/BTCD to BTC at the time of purchase (by moving average rate), it makes sense to buy NXT/BTCD just before the time of purchase with BTC to gain the 5% bonus.

AFAIK, NXT and BTCD is not being converted into BTC.

[Cassius]

Ok, trying to focus here. Pics not helping.

Asset is denominated in BTC but there is a 5% bonus for buying in NXT or BTCD.
Since tokens purchased will be converted from NXT/BTCD to BTC at the time of purchase (by moving average rate), it makes sense to buy NXT/BTCD just before the time of purchase with BTC to gain the 5% bonus.

AFAIK, NXT and BTCD is not being converted into BTC.

No, not after tokens are bought. SuperNET will hold them as-is. But it makes sense for buyers to convert immediately before purchase to gain the 5% discount. Raising NXT/BTCD prices. Making it more advantageous for buyers to use these instead of BTC. Thereby raising prices. Making it more... see where I'm going?

[devphp]

Making it more advantageous for buyers to use these instead of BTC. Thereby raising prices. Making it more... see where I'm going?

You're going good, keep going

[discodancer]

James, looking forward to your response on this:
Considering you already run quite a lot of assets on NXT exchange, how will you ensure segregation of funds/coins?

[Cassius]

Making it more advantageous for buyers to use these instead of BTC. Thereby raising prices. Making it more... see where I'm going?

You're going good, keep going

So point is, potential crazy feedback loop spikes BTCD and NXT (BTCD particularly, with its far smaller market cap), meaning that any advantage of buying early at 15% discount is insignificant compared to the appreciation of BTCD against BTC in that time.
So how do you choose when to buy? Get in early with one tranche, then save some for later when BTCD might have shot through its ATH?

[starblocks]

I will buy into this idea

But I'll wait 3 months till the dust settles

Hehe

[Trinibits]

So just to be clear I take it Poloniex will have a few pairings then: SuperNet/Btc, SuperNet/BtcD and SuperNet/Nxt or have I got that wrong?

[gimre]

http://jl777news.tumblr.com/

out of curiosity, is that eset's robot?

edit, ok, found url, so I guess answer would be yes
http://static.tumblr.com/3d2c00c53ca954d6229ca04b4669d07e/vjx0ewe/P9sn91x4r/tumblr_static_8c3bq6x5on8kscgc8w8kc4osc_2048_v2.jpg

[jl777]

Ok, trying to focus here. Pics not helping.

Asset is denominated in BTC but there is a 5% bonus for buying in NXT or BTCD.
Since tokens purchased will be converted from NXT/BTCD to BTC at the time of purchase (by moving average rate), it makes sense to buy NXT/BTCD just before the time of purchase with BTC to gain the 5% bonus.

AFAIK, NXT and BTCD is not being converted into BTC.

No, not after tokens are bought. SuperNET will hold them as-is. But it makes sense for buyers to convert immediately before purchase to gain the 5% discount. Raising NXT/BTCD prices. Making it more advantageous for buyers to use these instead of BTC. Thereby raising prices. Making it more... see where I'm going?

the spreads are usually around 5%, and any significant volume would push the price for NXT higher, which will more than counteract any (5% - spread) advantage. While I agree that this would probably stabilize the price as if NXT price drops, then it has the capacity to absorb more purchase before exceeding the 5%. Plus the volumes available for either NXT or BTCD is so small, it is not really practical for someone that doesnt already have it.

So during this month, I see strong stability created by this but I specifically did not want to see any artificial pumping from it.

just do some maths on the orderbook. You can calculate how much TOKEN you get with the best prices for NXT. Now those are gone, the price is not so good anymore. soon it is worse than the 5% benefit, so you stop and wait for the orderbook to come back.

[jl777]

Questions, when all the shares are sold, how can they be worth more? I mean, how is that calculated? The more coins join in the more dividend? Can someone shed some light over this?

The asset is backed by the underlying value of the coins, so it shouldn't fall (you'd be selling coins at below-market rate effectively). That's what constitutes the purchase price ALONE. The additional revenue-generating services are thrown in for free. Add any appreciation of coins that comes with being added to SuperNET (see Boolberry) and the bonus of having the purchasing power to buy at below-market rates, and there's an immediate bump.

Think of it like this. The more mass the stronger the gravity the larger the galaxy can be
The more BTC, the stronger the attraction of joining SuperNET, the larger the user base will be

Intuitively it is clear to me that the number of SuperNET users will be proportional to the amount of BTC.

For example, if 100 BTC comes in, then this is too small for anybody to take SuperNET seriously and it wont get any traction.
If 1 million BTC comes in (just as unlikely as 100 BTC!), well at that point, SuperNET could start buying entire real world software dev companies or all the Top 10 coins (other than BTC) and instantly unite all altcoins.

of course there is no linear equation of X BTC -> Y users, but just looking at the endpoints and the fact that it is just one thing changing (amount of BTC), it is unlikely for there to be any high degree polynomial function for different levels of BTC raised. I think it is most likely a monotonically increasing function, this X -> Y. maybe throw in a log or sqrt, when in doubt take the sqrt

dont you agree?

James

[jl777]

the crazy thing is I recognize that pool!
she wasnt there when I was though

James

[jl777]

James, looking forward to your response on this:
Considering you already run quite a lot of assets on NXT exchange, how will you ensure segregation of funds/coins?

Separate accts to hold all the SuperNET coins/assets
publicly viewable of course

[jl777]

Making it more advantageous for buyers to use these instead of BTC. Thereby raising prices. Making it more... see where I'm going?

You're going good, keep going

So point is, potential crazy feedback loop spikes BTCD and NXT (BTCD particularly, with its far smaller market cap), meaning that any advantage of buying early at 15% discount is insignificant compared to the appreciation of BTCD against BTC in that time.
So how do you choose when to buy? Get in early with one tranche, then save some for later when BTCD might have shot through its ATH?

I dont think this should happen at all.
do the math
as soon as the price of BTCD goes up more than 5%, then you are getting more TOKEN with BTC

[jl777]

So just to be clear I take it Poloniex will have a few pairings then: SuperNet/Btc, SuperNet/BtcD and SuperNet/Nxt or have I got that wrong?

First, it will be TOKEN/BTC TOKEN/NXT, TOKEN/BTCD

this is not for trading.

then for trading it will be UNITY/BTC, UNITY/NXT, UNITY/BTCD

[discodancer]

James, looking forward to your response on this:
Considering you already run quite a lot of assets on NXT exchange, how will you ensure segregation of funds/coins?

Separate accts to hold all the SuperNET coins/assets
publicly viewable of course

Ok cause when I read the pdf you posted in OP, it says BBR - 10% marketcap requires 80BTC has already been acquired. And then further down it seems it was done via sharfund0 and not with supernet money (I know the IPO is yet to start). So while there isn't any issue with cross marketing/additional revenue generating services, it is misleading to say 10% of BBR is already acquired (by Supernet).

[patmast3r]

So just to be clear I take it Poloniex will have a few pairings then: SuperNet/Btc, SuperNet/BtcD and SuperNet/Nxt or have I got that wrong?

First, it will be TOKEN/BTC TOKEN/NXT, TOKEN/BTCD

this is not for trading.

then for trading it will be UNITY/BTC, UNITY/NXT, UNITY/BTCD

What's UNITY ?

Everyday i follow the threads connected to superNET I'm getting more and more confused