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

[jl777]

It's a good idea to keep the price stable as long NXT/BTC is rising.

Should only increase asset price when daily average moves less than 0.5% up.

i am lazy, i just cut and paste the bter price

[cryptonikus]

Hi, im sorry if it is already said somewhere but in wich crypto will revenues be paid? BTC? NXT? BTCD?

[superresistant]

Hello. I have one question. Why the price for one TOKEN on NXT AE is right now only 125.5 NXT? When ICO started, the price for TOKEN on NXT AE was 127 NXT,  then 129 NXT (I mean price direct from asset issuer). I thought that when I buy sooner price should be better for me then to buy later ... .

NXT price spike, about 20% since start, so this is more than the gradual 1% per day cost increase

The ICO price is adjusted depending on the BTC/NXT price.
As James said, BTC/NXT increased over 20% which is superior to the 15% early bonus.

Nothing to worry about, any increase in Nxt is beneficial to superNET.

[Elokane]

[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%
Tradebots     241'485   1'000'000   24.15%   27   20    (has 18.5% JLH) = 4.46%
NXTprivacy   241'485   1'000'000   24.15%   40   39    (has 30% cryptocard + 60% Privatebet) = 7.245% + 14.49%

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%
Tradebots (NXTcoinsco) 24.15%
NXTprivacy 24.15%
Privatebet 14.49%
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.

Now at current funding rate, this is about 30% of SuperNET, but I ask only for the following to be voted on. If this vote is rejected by majority, then my 2000 BTC of assets still stays and my percentage is the same at 10%.

If not rejected, 70% of SuperNET assets to match TOKEN and 30% of SuperNET assets are to be allocated as follows:

10% for the SuperNET account to be used for working capital, incentives/bounties, cryptoretsu, etc. These assets do not dilute the investors as the asset is owned by SuperNET itself and it will be used for maximizing the value of SuperNET

10% to jl777

performance bonus for jl777:
5% if Top 10* coinmarketcap is achieved before end of 2014
5% if Top 5* coinmarketcap is achieved before end of 2015
(*) must be at or above this position for a full 24hrs
In the event a marketcap milestone is not achieved, then the conditional bonus percentage would go to the SuperNET account to be used as above.

The maximum dilution with the above is 20% and that is only if SuperNET is achieving a Top 5 marketcap and a likely 10x. So, I am putting my money where my mouth is. It is possible to miss the Top 10 by year end 2014 and still achieve Top 5 by year end 2015.

My goal is to make sure SuperNET is as powerful as it can be and this requires balance. I believe that the above plan benefits the SuperNET assetholders due to the creation of a source of working capital and incentives and I hope that upon achieving the 3x and 10x that the marketcap triggers require will make everyone think of happy generous bonus, though its not really a bonus as I will have already put more than 20%.

If you are asking why I would do such a thing, the answer is that I do my best to ensure good results for people who trust me with their money. Even if this means personally putting in $1 million USD.

Now I do not feel that the SuperNET will end up imbalanced and this alone is worth it. Of course I hope that my proposal wont be rejected. If anybody sees some improvements to be made, please post them before it is too late! Unless there is an outcry against this proposed change I will enact it. Since this is a change totally in the favor of the people with TOKEN and they will decide whether to accept the change from 10% to 30%, I feel it is acceptable to do, even though fund raising has started. To prevent any sort of arbitrage against the NAV buywall, the NAV will be calculated excluding the value of the core assets and the number of TOKEN instead of UNITY. I believe that is the correct method.

James

Where is the vote taking place?

This is a major change to the conditions. I don't know that I would invest if they were such originally.

[jl777]

Hi, im sorry if it is already said somewhere but in wich crypto will revenues be paid? BTC? NXT? BTCD?

Would depend on the source, but probably BTC and/or NXT for the most part, in some cases it could be coiniUSD, which is USD equivalent

[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%
Tradebots     241'485   1'000'000   24.15%   27   20    (has 18.5% JLH) = 4.46%
NXTprivacy   241'485   1'000'000   24.15%   40   39    (has 30% cryptocard + 60% Privatebet) = 7.245% + 14.49%

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%
Tradebots (NXTcoinsco) 24.15%
NXTprivacy 24.15%
Privatebet 14.49%
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.

Now at current funding rate, this is about 30% of SuperNET, but I ask only for the following to be voted on. If this vote is rejected by majority, then my 2000 BTC of assets still stays and my percentage is the same at 10%.

If not rejected, 70% of SuperNET assets to match TOKEN and 30% of SuperNET assets are to be allocated as follows:

10% for the SuperNET account to be used for working capital, incentives/bounties, cryptoretsu, etc. These assets do not dilute the investors as the asset is owned by SuperNET itself and it will be used for maximizing the value of SuperNET

10% to jl777

performance bonus for jl777:
5% if Top 10* coinmarketcap is achieved before end of 2014
5% if Top 5* coinmarketcap is achieved before end of 2015
(*) must be at or above this position for a full 24hrs
In the event a marketcap milestone is not achieved, then the conditional bonus percentage would go to the SuperNET account to be used as above.

The maximum dilution with the above is 20% and that is only if SuperNET is achieving a Top 5 marketcap and a likely 10x. So, I am putting my money where my mouth is. It is possible to miss the Top 10 by year end 2014 and still achieve Top 5 by year end 2015.

My goal is to make sure SuperNET is as powerful as it can be and this requires balance. I believe that the above plan benefits the SuperNET assetholders due to the creation of a source of working capital and incentives and I hope that upon achieving the 3x and 10x that the marketcap triggers require will make everyone think of happy generous bonus, though its not really a bonus as I will have already put more than 20%.

If you are asking why I would do such a thing, the answer is that I do my best to ensure good results for people who trust me with their money. Even if this means personally putting in $1 million USD.

Now I do not feel that the SuperNET will end up imbalanced and this alone is worth it. Of course I hope that my proposal wont be rejected. If anybody sees some improvements to be made, please post them before it is too late! Unless there is an outcry against this proposed change I will enact it. Since this is a change totally in the favor of the people with TOKEN and they will decide whether to accept the change from 10% to 30%, I feel it is acceptable to do, even though fund raising has started. To prevent any sort of arbitrage against the NAV buywall, the NAV will be calculated excluding the value of the core assets and the number of TOKEN instead of UNITY. I believe that is the correct method.

James

Where is the vote taking place?

This is a major change to the conditions. I don't know that I would invest if they were such originally.

vote will be between the end of funding and start of trading
If you do not like the new terms, it is probably best to sell the tokens, all the current holders should get into profits into the coming days as the official price continues to rise.

most people seem to like getting a large amount of core assets, so this is looking likely to pass

if you are patient, you will be able to exit at breakeven or even a small profit. Alternatively you can use the NAV buywall after trading starts

James

[Cassius]

This is a major change to the conditions. I don't know that I would invest if they were such originally.

The change in terms appear (to me) to be heavily to the advantage of SuperNET and its token holders. Payouts would only occur to jl777 if the asset price performed strongly, rewarding all. What are your objections?

[patmast3r]

I'm cool with the changes if "must be at or above this position for a full 24hrs" becomes "must be at or above this position for a full week"
Allthough I don't entirely unterstand the reasoning behind the change...have to read again later.

[klee]

So why BBR for anonymity when there is already BTCD?

Also James I need to chat live with you, PM me a way...

[Elokane]

This is a major change to the conditions. I don't know that I would invest if they were such originally.

The change in terms appear (to me) to be heavily to the advantage of SuperNET and its token holders. Payouts would only occur to jl777 if the asset price performed strongly, rewarding all. What are your objections?

Because in effect, a vast amount of money coming in from this fundraiser will go to fund assets that James both holds and controls. The assets he plans to buy increase in price due to the SuperNET effect (as they already have) and James gets to sell his shares in them, at the increased price level, for BTC.

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

Am I missing something?

[18602981897]

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%
Tradebots     241'485   1'000'000   24.15%   27   20    (has 18.5% JLH) = 4.46%
NXTprivacy   241'485   1'000'000   24.15%   40   39    (has 30% cryptocard + 60% Privatebet) = 7.245% + 14.49%

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%
Tradebots (NXTcoinsco) 24.15%
NXTprivacy 24.15%
Privatebet 14.49%
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.

Now at current funding rate, this is about 30% of SuperNET, but I ask only for the following to be voted on. If this vote is rejected by majority, then my 2000 BTC of assets still stays and my percentage is the same at 10%.

If not rejected, 70% of SuperNET assets to match TOKEN and 30% of SuperNET assets are to be allocated as follows:

10% for the SuperNET account to be used for working capital, incentives/bounties, cryptoretsu, etc. These assets do not dilute the investors as the asset is owned by SuperNET itself and it will be used for maximizing the value of SuperNET

10% to jl777

performance bonus for jl777:
5% if Top 10* coinmarketcap is achieved before end of 2014
5% if Top 5* coinmarketcap is achieved before end of 2015
(*) must be at or above this position for a full 24hrs
In the event a marketcap milestone is not achieved, then the conditional bonus percentage would go to the SuperNET account to be used as above.

The maximum dilution with the above is 20% and that is only if SuperNET is achieving a Top 5 marketcap and a likely 10x. So, I am putting my money where my mouth is. It is possible to miss the Top 10 by year end 2014 and still achieve Top 5 by year end 2015.

My goal is to make sure SuperNET is as powerful as it can be and this requires balance. I believe that the above plan benefits the SuperNET assetholders due to the creation of a source of working capital and incentives and I hope that upon achieving the 3x and 10x that the marketcap triggers require will make everyone think of happy generous bonus, though its not really a bonus as I will have already put more than 20%.

If you are asking why I would do such a thing, the answer is that I do my best to ensure good results for people who trust me with their money. Even if this means personally putting in $1 million USD.

Now I do not feel that the SuperNET will end up imbalanced and this alone is worth it. Of course I hope that my proposal wont be rejected. If anybody sees some improvements to be made, please post them before it is too late! Unless there is an outcry against this proposed change I will enact it. Since this is a change totally in the favor of the people with TOKEN and they will decide whether to accept the change from 10% to 30%, I feel it is acceptable to do, even though fund raising has started. To prevent any sort of arbitrage against the NAV buywall, the NAV will be calculated excluding the value of the core assets and the number of TOKEN instead of UNITY. I believe that is the correct method.

James

all talking about the money and pump but the reality is no coin would join supernet scam, maybe a few no name dying coins which are useless.
i see this 5% or 10% going to jl777 pocket already   easy money. lol

JL777, use your real btc, not the rubbish assets.

[18602981897]

There are many levels of being involved with SuperNET. four standard ones and a couple of non-standard ones. VRC is having a unique thing due to my preexisting personal commitments. If you have read the VRC thread, then it is not a mystery.

Sorry I have read the thread and it is still a mystery

I am not here to be giving advices for making the quick money.
Anyway I posted a pretty lengthy post in this thread some pages back. It is like a treasure hunt, though the searching box is saving time.

I am involved with supernet because of your ideals here but i don't think investing money should be based on a treasure hunt

So please do not ask me advices on specific coins, just subscribe to thesupernet.org newsletter for announcements

I am signed up to the newsletter but received no notification about VRC so it is why i asked but obviously a yes or no answer wont be had on the question yet

I thought you wanted to know about investing in VRC. Sorry about that. VRC is a coin I have been working with to help them. I did promise to make some new tech for them next year, so assuming I do a good job, then in 6 months or so, VRC will be in the CORE, but the timing is after I am done with my current projects. In the meantime the VRC community is helping me with SuperNET things like finding Trustee's for escrow (and being Trustees). This role is a unique one and is not at all the standard thing

So, VRC is not going into the core next week, but that doesnt meant they cant become SuperNET clients, or help in many other ways.

There was no announcement because there is no announcement to make about VRC yet. if you are a patient long term HODL, then I wont discourage you to buy the VRC, but keep in mind the 6 month timeframe

James

You promised too much, you are a big mouth

[jeezy]

This is a major change to the conditions. I don't know that I would invest if they were such originally.

The change in terms appear (to me) to be heavily to the advantage of SuperNET and its token holders. Payouts would only occur to jl777 if the asset price performed strongly, rewarding all. What are your objections?

Because in effect, a vast amount of money coming in from this fundraiser will go to fund assets that James both holds and controls. The assets he plans to buy increase in price due to the SuperNET effect (as they already have) and James gets to sell his shares in them, at the increased price level, for BTC.

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

Am I missing something?

That's why me and others said multiple times we need multisig asap and before this all goes live. It will sort A LOT of trust issues.

[superresistant]

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.

[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.

[superresistant]

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.

[patmast3r]

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.

He would be with the changed terms though no ?
I'm not saying that's a bad thing he certainly deserves something for all his work.

[DRVX]

i am not so good in english, and i need 2 evening to read this tread with dictionary )))
but i James arguments are convincing
All my experience in areas of "classic" buisness (such as brick trading and finacial consulting) taught me that superior results may be achived by consolodating all efforts on greater goals with ambitious leader.
James is ambitious leader.
Goal is big.
All conditions met
I invest! )))
Forvard James!

[CrimsonPermanentAssurance]

This might be a stupid question, but once this converts to UNITY, will there be a wallet to withdrawal into or would the assets be kept (and kept record of) on the exchange? Sorry if this is a redundant question.

[PilotofBTC]

Hello. I have one question. Why the price for one TOKEN on NXT AE is right now only 125.5 NXT? When ICO started, the price for TOKEN on NXT AE was 127 NXT,  then 129 NXT (I mean price direct from asset issuer). I thought that when I buy sooner price should be better for me then to buy later ... .

Because the TOKEN price is based on a set BTC amount, and NXT has gone up quite a bit since the IPO started, so less NXT is needed to meet the current BTC price.