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

[Porte]

Please can someone explain the following and please don't make fun of me, I don't have master degrees

What do we get as investors if we approved bonus and what do we get if we reject bonus, I am not talking what supernetwork get, I am talking what do we get as investors, and do we lose anything by voting or not voting?

Thanks

[RichardT]

Assuming the Bonus plan is passed, a total of 816061 SuperNET (UNITY)

Where did you get 816061? Shouldn't it be the TOKEN sold (571243) + 10%?

Yeah, a more detailed explanation is needed.  I was not expecting that much total UNITY even after the bonus conditions are met.  That's way more than the 20% max dilution previously proposed.

652849.2402 TOKEN sold.
Of the total UNITY issued, SuperNET gets 10% and another 5+5% are held as James' bonus. So:
652849.2402 = 80% UNITY
652849.2402 / 80 * 100 = 816061.

I just missed out on 0.1%

Edit: 10% for SuperNET, not James!

Ok, now I'm a bit more confused.  I thought the total TOKEN sold was 571243.1402.  Where did the 652849.2402 come from?  And why is the 20% added to this number instead of the 571243.1402?

[Cassius]

Please can someone explain the following and please don't make fun of me, I don't have master degrees

What do we get as investors if we approved bonus and what do we get if we reject bonus, I am not talking what supernetwork get, I am talking what do we get as investors, and do we lose anything by voting or not voting?

Thanks

If you approve, you get a highly motivated CEO whose interests are firmly aligned with yours.
If you disapprove, you get a sad panda and a larger short-term NAV.

NB I don't like the term CEO and it's probably not right here anyway. I think we should have an informal vote about an appropriate title for James.

[valarmg]

Assuming the Bonus plan is passed, a total of 816061 SuperNET (UNITY)

Where did you get 816061? Shouldn't it be the TOKEN sold (571243) + 10%?

Yeah, a more detailed explanation is needed.  I was not expecting that much total UNITY even after the bonus conditions are met.  That's way more than the 20% max dilution previously proposed.

652849.2402 TOKEN sold.
Of the total UNITY issued, SuperNET gets 10% and another 5+5% are held as James' bonus. So:
652849.2402 = 80% UNITY
652849.2402 / 80 * 100 = 816061.

I just missed out on 0.1%

Edit: 10% for SuperNET, not James!

Ok, now I'm a bit more confused.  I thought the total TOKEN sold was 571243.1402.  Where did the 652849.2402 come from?  And why is the 20% added to this number instead of the 571243.1402?

816061 seems to be 571243.1402 + 30%, right? 10% is put inside itself as working capital? 10% (5% +5%) is kept in reserve for bonus conditions. And the other 10%? Not questioning this, just can't remember the original conditions so just looking for clarity.

[CECVW]

Please can someone explain the following and please don't make fun of me, I don't have master degrees

What do we get as investors if we approved bonus and what do we get if we reject bonus, I am not talking what supernetwork get, I am talking what do we get as investors, and do we lose anything by voting or not voting?

Thanks

If you approve, you get a highly motivated CEO whose interests are firmly aligned with yours.
If you disapprove, you get a sad panda and a larger short-term NAV.

NB I don't like the term CEO and it's probably not right here anyway. I think we should have an informal vote about an appropriate title for James.

Long Live James?

[RichardT]

Assuming the Bonus plan is passed, a total of 816061 SuperNET (UNITY)

Where did you get 816061? Shouldn't it be the TOKEN sold (571243) + 10%?

Yeah, a more detailed explanation is needed.  I was not expecting that much total UNITY even after the bonus conditions are met.  That's way more than the 20% max dilution previously proposed.

652849.2402 TOKEN sold.
Of the total UNITY issued, SuperNET gets 10% and another 5+5% are held as James' bonus. So:
652849.2402 = 80% UNITY
652849.2402 / 80 * 100 = 816061.

I just missed out on 0.1%

Edit: 10% for SuperNET, not James!

Ok, now I'm a bit more confused.  I thought the total TOKEN sold was 571243.1402.  Where did the 652849.2402 come from?  And why is the 20% added to this number instead of the 571243.1402?

816061 seems to be 571243.1402 + 30%, right? 10% is put inside itself as working capital? 10% (5% +5%) is kept in reserve for bonus conditions. And the other 10%? Not questioning this, just can't remember the original conditions so just looking for clarity.

If that's the case, 571243.1402 + 30% = 742616.08226

Sorry, just not adding up.  Not sure what I'm missing here.

[Cassius]

Assuming the Bonus plan is passed, a total of 816061 SuperNET (UNITY)

Where did you get 816061? Shouldn't it be the TOKEN sold (571243) + 10%?

Yeah, a more detailed explanation is needed.  I was not expecting that much total UNITY even after the bonus conditions are met.  That's way more than the 20% max dilution previously proposed.

652849.2402 TOKEN sold.
Of the total UNITY issued, SuperNET gets 10% and another 5+5% are held as James' bonus. So:
652849.2402 = 80% UNITY
652849.2402 / 80 * 100 = 816061.

I just missed out on 0.1%

Edit: 10% for SuperNET, not James!

Ok, now I'm a bit more confused.  I thought the total TOKEN sold was 571243.1402.  Where did the 652849.2402 come from?  And why is the 20% added to this number instead of the 571243.1402?

816061 seems to be 571243.1402 + 30%, right? 10% is put inside itself as working capital? 10% (5% +5%) is kept in reserve for bonus conditions. And the other 10%? Not questioning this, just can't remember the original conditions so just looking for clarity.

Oops, you're right! I was looking at the wrong figure. Sorry for my mistake. I do have 2 masters degrees but never bothered to collect them. That's probably why.
James will have to explain.

[valarmg]

If that's the case, 571243.1402 + 30% = 742616.08226

Sorry, just not adding up.  Not sure what I'm missing here.

You divide by 0.7, you don't multiply by 1.3

[Graffenwalder]

Assuming the Bonus plan is passed, a total of 816061 SuperNET (UNITY)

Where did you get 816061? Shouldn't it be the TOKEN sold (571243) + 10%?

These numbers are assuming the Bonus plan is passed and since you can never issue any extra assets, I need to issue them all at once.

10% (5% + 5%) needs to be in reserve and there is also 10% for working capital. As long as these assets are held by SuperNET, then whatever its dilution is balanced by its value, so the extra 20% is not counted in NAV calculations

Also, the NAV buy wall is excluding the assets. It is one thing for me to personally put in 3000 BTC for 570 BTC worth of SuperNET, but then to base the buywall using the asset value is not reasonable. The asset NAV is posted for reference, the buywall will be calculated without the value of assets. This has been described before in detail.

if NXT value goes up to .000085 then the buy wall should be close to .01

James

What are you saying here? If the NAV is excluding the assets, who owns them? Supernet, or you?

[ShortBTCD]

If that's the case, 571243.1402 + 30% = 742616.08226

Sorry, just not adding up.  Not sure what I'm missing here.

You divide by 0.7, you don't multiply by 1.3

+1

The numbers seem correct to me.

[fragout]

Do we need to convert TOKEN to UNITY after the ico is over? How is that going to work?

[jl777]

Assuming the Bonus plan is passed, a total of 816061 SuperNET (UNITY)

Where did you get 816061? Shouldn't it be the TOKEN sold (571243) + 10%?

Yeah, a more detailed explanation is needed.  I was not expecting that much total UNITY even after the bonus conditions are met.  That's way more than the 20% max dilution previously proposed.

652849.2402 TOKEN sold.
Of the total UNITY issued, SuperNET gets 10% and another 5+5% are held as James' bonus. So:
652849.2402 = 80% UNITY
652849.2402 / 80 * 100 = 816061.

I just missed out on 0.1%

Edit: 10% for SuperNET, not James!

Ok, now I'm a bit more confused.  I thought the total TOKEN sold was 571243.1402.  Where did the 652849.2402 come from?  And why is the 20% added to this number instead of the 571243.1402?

816061 seems to be 571243.1402 + 30%, right? 10% is put inside itself as working capital? 10% (5% +5%) is kept in reserve for bonus conditions. And the other 10%? Not questioning this, just can't remember the original conditions so just looking for clarity.

10% for me
10% for SuperNET
10% for bonus in reserve
70% for TOKEN owners

TOKEN owners currently own 7/8'th of SuperNET as the 20% for SuperNET and bonus reserve are not dilutive

keep in mind the TOKEN owners put in ~5700 BTC and I put in ~3000 BTC of assets, so on a prorata basis I would have 34%

[jl777]

Assuming the Bonus plan is passed, a total of 816061 SuperNET (UNITY)

Where did you get 816061? Shouldn't it be the TOKEN sold (571243) + 10%?

These numbers are assuming the Bonus plan is passed and since you can never issue any extra assets, I need to issue them all at once.

10% (5% + 5%) needs to be in reserve and there is also 10% for working capital. As long as these assets are held by SuperNET, then whatever its dilution is balanced by its value, so the extra 20% is not counted in NAV calculations

Also, the NAV buy wall is excluding the assets. It is one thing for me to personally put in 3000 BTC for 570 BTC worth of SuperNET, but then to base the buywall using the asset value is not reasonable. The asset NAV is posted for reference, the buywall will be calculated without the value of assets. This has been described before in detail.

if NXT value goes up to .000085 then the buy wall should be close to .01

James

What are you saying here? If the NAV is excluding the assets, who owns them? Supernet, or you?

The assets are in SuperNET

The buywall is based on non-asset NAV as I have been saying all along. There is about 2500 BTC of marketcap from the assets that I essentially donated, so to allow people to cashout and weaken SuperNET to tap into this amount is not right. The buywall NAV is to provide liquidity in case the market isnt.

James

[jl777]

If that's the case, 571243.1402 + 30% = 742616.08226

Sorry, just not adding up.  Not sure what I'm missing here.

You divide by 0.7, you don't multiply by 1.3

+1

The numbers seem correct to me.

thanks. can you please explain to people. I know it is confusing with all the non-dilutive 20%.

James

[Graffenwalder]

Assuming the Bonus plan is passed, a total of 816061 SuperNET (UNITY)

Where did you get 816061? Shouldn't it be the TOKEN sold (571243) + 10%?

Yeah, a more detailed explanation is needed.  I was not expecting that much total UNITY even after the bonus conditions are met.  That's way more than the 20% max dilution previously proposed.

652849.2402 TOKEN sold.
Of the total UNITY issued, SuperNET gets 10% and another 5+5% are held as James' bonus. So:
652849.2402 = 80% UNITY
652849.2402 / 80 * 100 = 816061.

I just missed out on 0.1%

Edit: 10% for SuperNET, not James!

Ok, now I'm a bit more confused.  I thought the total TOKEN sold was 571243.1402.  Where did the 652849.2402 come from?  And why is the 20% added to this number instead of the 571243.1402?

816061 seems to be 571243.1402 + 30%, right? 10% is put inside itself as working capital? 10% (5% +5%) is kept in reserve for bonus conditions. And the other 10%? Not questioning this, just can't remember the original conditions so just looking for clarity.

10% for me
10% for SuperNET
10% for bonus in reserve
70% for TOKEN owners

TOKEN owners currently own 7/8'th of SuperNET as the 20% for SuperNET and bonus reserve are not dilutive

keep in mind the TOKEN owners put in ~5700 BTC and I put in ~3000 BTC of assets, so on a prorata basis I would have 34%

Long live James

[RichardT]

If that's the case, 571243.1402 + 30% = 742616.08226

Sorry, just not adding up.  Not sure what I'm missing here.

You divide by 0.7, you don't multiply by 1.3

Okay, dividing by 0.7 does give roughly 816061.

But 816061 (minus) 571243.1402 = 244817.8598

244817.8598 (divided by) 571243.1402 = 0.42857 or about 42.857% of TOKEN sold (not 30%)

Sorry, I'm no math whiz, so I guess I'm having trouble grasping this.

Also, still doesn't explain where the 652849.2402 came from.

[chickenfried12]

 James, It is pretty easy to understand. You are protecting holders of Unity by removing the assets from the NAV. The Market should price in the Assets + a premium.

[valarmg]

10% for me
10% for SuperNET
10% for bonus in reserve
70% for TOKEN owners

TOKEN owners currently own 7/8'th of SuperNET as the 20% for SuperNET and bonus reserve are not dilutive

keep in mind the TOKEN owners put in ~5700 BTC and I put in ~3000 BTC of assets, so on a prorata basis I would have 34%

Thanks. Got it now. Just making sure I understood everything (and that others did too).

[valarmg]

Okay, dividing by 0.7 does give roughly 816061.

But 816061 (minus) 571243.1402 = 244817.8598

244817.8598 (divided by) 571243.1402 = 0.42857 or about 42.857% of TOKEN sold (not 30%)

Sorry, I'm no math whiz, so I guess I'm having trouble grasping this.

Also, still doesn't explain where the 652849.2402 came from.

Divide 244817.8598 by 816061 (the full final amount) and you'll get 30%

(ignore  652849.2402 figure, that was a mistake.)

[RichardT]

Okay, dividing by 0.7 does give roughly 816061.

But 816061 (minus) 571243.1402 = 244817.8598

244817.8598 (divided by) 571243.1402 = 0.42857 or about 42.857% of TOKEN sold (not 30%)

Sorry, I'm no math whiz, so I guess I'm having trouble grasping this.

Also, still doesn't explain where the 652849.2402 came from.

Divide 244817.8598 by 816061 (the full final amount) and you'll get 30%

(ignore  652849.2402 figure, that was a mistake.)

Ah, okay.  I guess I was under the impression that the bonuses would be based on the total TOKEN sold, not the total UNITY at the end of all this.  That's what threw me off.