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

[DailyModo]

Where will the ipo happen exactly since polo isnt doing it?

If you can't figure out things like that, maybe it's not for you... 

Alright almighty 6 poster.

[jl777]

Brief overview of SuperNET sale process. Hopefully this will answer at least some common questions.

SuperNET fundraising process

SuperNET will be available on BTER and the NXT Asset Exchange (available within the client downloadable from www.NXT.org, or see www.secureae.com for browser version).
BTER will sell a SuperNET token (symbol: TOKEN) which will be exchanged for the UNITY asset at the end of the process. (TOKEN may not be withdrawn until it has been converted to UNITY. They may be traded if desired.)

A similar token will be available on the Asset Exchange, which will also be exchanged for UNITY at the end:
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

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. The discount will be calculated from a 24-hour moving average. This does not take into account any fluctuations in the price of NXT or BTCD over the course of the process.

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.

There is no limit on the amount of TOKEN available overall, though there may be short-term restrictions on TOKEN available at a given price if volumes are very high. If a large number are sold, this does not dilute other buyers' holdings, since SuperNET is backed by the cryptocurrency paid: SuperNET is not a cryptocurrency and this is not like a typical coin offering. (SuperNET is a basket of cryptocurrencies and revenue-generating assets than can be considered more like a closed-ended mutual fund.)

The fundraiser will start at 14:00 GMT Saturday 6 September. It will continue for 2-4 weeks in total, for as long as there is sufficient interest. At the end, all TOKEN will be converted to UNITY, which can be withdrawn to a NXT wallet or traded on the AE, BTER and other supporting exchanges.

For further information about SuperNET, please see http://thesupernet.org/superNET.pdf

thanks! OP updated

[habraken]

Where will the ipo happen exactly since polo isnt doing it?

If you can't figure out things like that, maybe it's not for you... 

Alright almighty 6 poster.

Spend more time reading, less posting.
Try it, you might learn something

[baby222]

Brief overview of SuperNET sale process. Hopefully this will answer at least some common questions.

SuperNET fundraising process

SuperNET will be available on BTER and the NXT Asset Exchange (available within the client downloadable from www.NXT.org, or see www.secureae.com for browser version).
BTER will sell a SuperNET token (symbol: TOKEN) which will be exchanged for the UNITY asset at the end of the process. (TOKEN may not be withdrawn until it has been converted to UNITY. They may be traded if desired.)

A similar token will be available on the Asset Exchange, which will also be exchanged for UNITY at the end:
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

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. The discount will be calculated from a 24-hour moving average. This does not take into account any fluctuations in the price of NXT or BTCD over the course of the process.

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.

There is no limit on the amount of TOKEN available overall, though there may be short-term restrictions on TOKEN available at a given price if volumes are very high. If a large number are sold, this does not dilute other buyers' holdings, since SuperNET is backed by the cryptocurrency paid: SuperNET is not a cryptocurrency and this is not like a typical coin offering. (SuperNET is a basket of cryptocurrencies and revenue-generating assets than can be considered more like a closed-ended mutual fund.)

The fundraiser will start at 14:00 GMT Saturday 6 September. It will continue for 2-4 weeks in total, for as long as there is sufficient interest. At the end, all TOKEN will be converted to UNITY, which can be withdrawn to a NXT wallet or traded on the AE, BTER and other supporting exchanges.

For further information about SuperNET, please see http://thesupernet.org/superNET.pdf

thanks! OP updated

can you tell me the total amount ?

[DailyModo]

Brief overview of SuperNET sale process. Hopefully this will answer at least some common questions.

SuperNET fundraising process

SuperNET will be available on BTER and the NXT Asset Exchange (available within the client downloadable from www.NXT.org, or see www.secureae.com for browser version).
BTER will sell a SuperNET token (symbol: TOKEN) which will be exchanged for the UNITY asset at the end of the process. (TOKEN may not be withdrawn until it has been converted to UNITY. They may be traded if desired.)

A similar token will be available on the Asset Exchange, which will also be exchanged for UNITY at the end:
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

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. The discount will be calculated from a 24-hour moving average. This does not take into account any fluctuations in the price of NXT or BTCD over the course of the process.

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.

There is no limit on the amount of TOKEN available overall, though there may be short-term restrictions on TOKEN available at a given price if volumes are very high. If a large number are sold, this does not dilute other buyers' holdings, since SuperNET is backed by the cryptocurrency paid: SuperNET is not a cryptocurrency and this is not like a typical coin offering. (SuperNET is a basket of cryptocurrencies and revenue-generating assets than can be considered more like a closed-ended mutual fund.)

The fundraiser will start at 14:00 GMT Saturday 6 September. It will continue for 2-4 weeks in total, for as long as there is sufficient interest. At the end, all TOKEN will be converted to UNITY, which can be withdrawn to a NXT wallet or traded on the AE, BTER and other supporting exchanges.

For further information about SuperNET, please see http://thesupernet.org/superNET.pdf

thanks! OP updated

can you tell me the total amount ?

Seems like there is no fixed total amount.

[PondSea]

There is no fixed amount and the IPO will go for between 2-4 weeks.

[Djinou94]

Its better to grab on Bter or AE?

[moneyflow]

Just wondering without any max amount of tokens the market cap of these tokens might be too high to start with?

[barwizi]

Lol, we need to see the list of coins that were accepted

[PondSea]

Its better to grab on Bter or AE?

Better on Bter

[PondSea]

Just wondering without any max amount of tokens the market cap of these tokens might be too high to start with?

The BTC/NXT/BTCD invested will be escrowed and the supernetworks asset will be worth the underlying value of the coins that invested....so it cant be "too high".

[PondSea]

Lol, we need to see the list of coins that were accepted

Only BTCD and BBR currently i think.

[Djinou94]

Its better to grab on Bter or AE?

Better on Bter

Thanks mate

[JTB800]

Just wondering without any max amount of tokens the market cap of these tokens might be too high to start with?

It doesn't work that way in this case. (At least not the way most people are thinking of it).

This is more like a closed-end fund. Whatever money is raised, then that will be used to purchase other coins for the network. (There are other projects -- see the op -- but for simplicity sake, let's keep it to the basics). So if 1 BTC is raised the SuperNet (fund) will use that BTC to purchase coins for the network. If 100 BTC is raised the same will occur.

In the first case the total SuperNet's (fund's) NAV (net asset value) will be 1 BTC (approximately) and in the second example it would be worth 100 BTC (approximately).

Until the other projects and revenues kick in, it will likely trade based upon NAV, whether that is above or below the actual value -- just like a closed-end fund. Do you see what I mean?

[devphp]

Better on Bter

Thanks mate

Interesting. You guys are so eagerly waiting for AE to be released in Qora, but appear not to believe in the idea of decentralized exchanges and are ready to trade it for a few percentages of more tokens

[moneyflow]

Just wondering without any max amount of tokens the market cap of these tokens might be too high to start with?

It doesn't work that way in this case. (At least not the way most people are thinking of it).

This is more like a closed-end fund. Whatever money is raised, then that will be used to purchase other coins for the network. (There are other projects -- see the op -- but for simplicity sake, let's keep it to the basics). So if 1 BTC is raised the SuperNet (fund) will use that BTC to purchase coins for the network. If 100 BTC is raised the same will occur.

In the first case the total SuperNet's (fund's) NAV (net asset value) will be 1 BTC (approximately) and in the second example it would be worth 100 BTC (approximately).

Until the other projects and revenues kick in, it will likely trade based upon NAV, whether that is above or below the actual value -- just like a closed-end fund. Do you see what I mean?

I get it , do we as token holders has a vote on which coin we believe should be in the supernet core or you guys decide of it 100%.

[hellobilljoygo]

I think it does not have the total amount is not the best! This is just a proof!

[Trinibits]

There is gona be a btcd/token on bter aswell coz its only an hour and a bit left

[komakino]

Can you explain a bit more the connection between JLH and Supernet?

Thank you

no direct connection
JLH has over two dozen NXT assets, mostly ~10% slices
Since it is a horizontal proxy asset, it ends up with 10% slices of all the SuperNET core assets
it predates SuperNET by about 3 months, the JLH trading on polo started about a month ago, not sure of exact dates

I like that part 

[jl777]

There is gona be a btcd/token on bter aswell coz its only an hour and a bit left

it is there now