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

[PilotofBTC]

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.

The asset is on the NXT blockchain. So, you will need a NXT account. BTER can send your asset to the NXT account.

You can either download the NXT wallet (NRS) yourself. Or, you can set up an account at trade.secureae.com which is essentially a NXT wallet, but it put the asset exchange front and center. You can also buy NXT/Asset directly with bitcoin on that site as well if you want.

Also, you will need some next to use the asset exchange. So, you will probably want to buy 100 or so NXT because each bid/ask/transfer/cancel order cost 1 NXT.

[cloudboy]

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.

The asset is on the NXT blockchain. So, you will need a NXT account. BTER can send your asset to the NXT account.

You can either download the NXT wallet (NRS) yourself. Or, you can set up an account at trade.secureae.com which is essentially a NXT wallet, but it put the asset exchange front and center.

Also, you will need some next to use the asset exchange. So, you will probably want to buy 100 or so NXT because each bid/ask/transfer/cancel order cost 1 NXT.

BTER says that SuperNET withdrawals are disabled. I'm assuming we need to wait until UNITY is released.

[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.

The asset is on the NXT blockchain. So, you will need a NXT account. BTER can send your asset to the NXT account.

You can either download the NXT wallet (NRS) yourself. Or, you can set up an account at trade.secureae.com which is essentially a NXT wallet, but it put the asset exchange front and center.

Also, you will need some next to use the asset exchange. So, you will probably want to buy 100 or so NXT because each bid/ask/transfer/cancel order cost 1 NXT.

Thank you. That answer helps a lot!

One more question... for someone who has never used a NXT wallet, will it appear just as NXT in the wallet, or are there separate sections to the wallet (i.e. NXT, UNITY, etc.)?

It is clear from my questions, I'm a NXT amateur, and I need to read up on NXT, so thanks for answering me.

[PilotofBTC]

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.

The asset is on the NXT blockchain. So, you will need a NXT account. BTER can send your asset to the NXT account.

You can either download the NXT wallet (NRS) yourself. Or, you can set up an account at trade.secureae.com which is essentially a NXT wallet, but it put the asset exchange front and center.

Also, you will need some next to use the asset exchange. So, you will probably want to buy 100 or so NXT because each bid/ask/transfer/cancel order cost 1 NXT.

BTER says that SuperNET withdrawals are disabled. I'm assuming we need to wait until UNITY is released.

That's correct.

[PilotofBTC]

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.

The asset is on the NXT blockchain. So, you will need a NXT account. BTER can send your asset to the NXT account.

You can either download the NXT wallet (NRS) yourself. Or, you can set up an account at trade.secureae.com which is essentially a NXT wallet, but it put the asset exchange front and center.

Also, you will need some next to use the asset exchange. So, you will probably want to buy 100 or so NXT because each bid/ask/transfer/cancel order cost 1 NXT.

Thank you. That answer helps a lot!

One more question... for someone who has never used a NXT wallet, will it appear just as NXT in the wallet, or are there separate sections to the wallet (i.e. NXT, UNITY, etc.)?

It is clear from my questions as a NXT amateur, I need to read up on NXT, so thanks for answering me.

There is a separate "assets" (asset exchange) tab in the wallet that shows you your portfolio and where you can trade assets.

[CrimsonPermanentAssurance]

There is a separate "assets" (asset exchange) tab in the wallet that shows you your portfolio and where you can trade assets.

Thanks again! I hope some of these super basics being covered are helpful to potential investors that aren't familiar with NXT.

[cexylikepie]

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!

[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.

How do you figure that?

[jl777]

So why BBR for anonymity when there is already BTCD?

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

Why would you add 2FA to an acct if it already has a password?
Mutually exclusive methods of security (privacy) are combining to make for better result

[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.

How do you figure that?

The entire design of SuperNET is relying on the core assets that I was to put into the SuperNET at marketvalue. This has been always the case. Due to the funding coming in at the lower end of the scale, it would have been ~500BTC worth of core assets. This is not enough for a healthy revenue stream. So, I put in 2000 BTC worth of assets, even though I could only get 500BTC worth of SuperNET for it. So, I am basically trading my personal core assets at 75% discount for the SuperNET asset. This is a signficant percentage of my net worth and we can debate what it is actually worth, but I have been told something is worth what someone else is willing to pay for it. The marketprice.

So, at the potential sacrifice of 750 BTC, I have fixed the imbalance of SuperNET's business balance. With the SuperTraders, NXTventure, core assets, advertising, partner revshare, the SuperNET will have many sources of profits. I am a generous guy, but I also like to keep things fair and this deal where I am just donating $750K to TOKEN purchasers is quite one sided against me.

So, I balanced this with performance triggers. Many are confused at the sheer complexity of SuperNET. Some take comfort in the fact that I am able to design such a thing as they can kind of understand it and if I can do this in the financial arena, then it is more believable that I can get the code working. Now, what does it mean if SuperNET is Top10 marketcap? I estimate this means 3x from NAV and if this is achieved by year end, how will you feel as a TOKEN assetholder? Would you feel that if after all is said and done that you tripled your money within a few months, that I would deserve another 250 BTC worth of SuperNET? If so, now I am only $500K behind.

So, now what if SuperNET is Top5 before the end of next year? This is at least 10x. How would you feel? Would I deserve to have been able to buy another 250 BTC worth of SuperNET using the core assets? So, this is the "worst case" as far as the TOKEN holders go, that the price is 10x and jl777 gets an extra 10%.

If this is something that you are not happy with, then I suggest to please sell all your TOKEN now. I do not want to have assetholders that are not willing to share 10% after they are making 10x.

There is a chance the vote is against me. In this case I will still put in the assets as promised. In this "best case", the TOKEN holders will have gained 1500 BTC worth of assets for no financial cost. Imagine my spirits in such a "best case"

I understand many outside the NXT world are not so familiar with assets. https://nxtforum.org/index.php?topic=4940.msg99751#msg99751 has a discussion in the NXT world about this.

James

[discodancer]

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.

[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.

[Trinibits]

James. You have my vote 

[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%  
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% --> 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

[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

[torshammer]

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

[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.

[cexylikepie]

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?

[jl777]

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

[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