Topic: [ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer - page 140. (Read 736806 times)

Do all you investors realize that I have some intense coding to do and I am not having any help in this area? That all investor questions I will be answering if they are not addressed, so we can do this investor relations and not code.

James

I don't think it's right. Buy walls don't serve to give investors profit, but to make sure the price won't go lower then min ICO price.

James,

Not much that I can say but, being monitor the thread and join the ICO of SuperNET, I would like to say thank you very much for all your and team's effort on SuperNET. You guys made thing happens. You should take a day off man. There is a road ahead

Cheers,

I put an additional set of buywalls at 160 NXT which is 20% above the ICO price.

James

27 BTC at 0.0088 on Bter and (I guess) 733520.25 Nxt at 113.25 on Nxt AE.

Maybe you're right and it's too complicated for me to understand, but I don't get why the price in BTC depends on the price in Nxt. I don't know what the TOKEN price was on Nxt AE, only on Bter. Let's say min IPO price on Nxt AE was 130 Nxt. Then set a buy wall at 130 Nxt. And it was 0.01 Btc on Bter, so set it on 0.01. But again, maybe I'm wrong, so I'm not arguing about it, just shared my thoughts.

how many asset issuers put up buy walls? 

The transfers, they are done:

15720904723604126361
13969817255360149927   
616709295133043647

Now the SuperNET account has the core assets as described and it will thus get 24.15% of the dividends that these core assets will generate. I feel a happy balance.

http://nxtreporting.com/?a=NXT-MRBN-8DFH-PFMK-A4DBM&c=USD shows the SuperNET account
It currently has 23.5 million NXT (which I still have not run away with) and 26.3 million NXT worth of the core assets.

Let us calculate the TOKEN NAV and SuperNET NAV, the latter using core assets and assuming full 20% dilution.

2014-09-11-14:00:03-GMT SOLD 211012.56580535 TOKEN

928.44400974 BTC, 8955179.34129586 NXT, 18107.41954836 BTCD, 604418.27454791 CNY
NXT AE 23495504.342392 NXT for 187039 TOKEN

Total TOKEN: 398051.56580535
BTC 928.44400974
NXT 32450683.68368786 * .000085 = 2758.30811311 BTC
BTCD 18107.41954836 * 0.01398860 = 253.29744909 BTC
CNY 604418.27454791 @ 2930 = 206.2861 BTC
BTC equiv = 4146.33567247

TOKEN NAV = 0.01041658 BTC

If the UNITY trading is active, there would now be a 50 BTC buywall at 0.01041658 BTC

Now let us adjust this for the value of the core assets, the following I just cut and paste from the GUI:
InstantDEX   241'485   1'000'000   24.15%   48.98   45   10'866'825   
NXTcoinsco   241'485   1'000'000   24.15%   26.98        25   6'037'125
NXTprivacy   241'485   1'000'000   24.15%   43.9989   39   9'418'180
Total 26322130 NXT * .000085 = 2237.38105 BTC

Now we assume the "worst case" dilution where both bonuses are earned, which would mean there are a total of 497564.4573 SuperNET assets. You can check the math, 80% of this number is matching the number of TOKEN.

SuperNET NAV = (4146.33567247 + 2237.38105) / 497564.4573 = (6383.71672247 / 497564.4573) = 0.01282993 BTC

This is a 23% premium over the TOKEN NAV, even when using the 20% dilution.

I hope these calculations make it clearer how all this works

James

I am following what I said I would do. There are no surprises at the formulas. If NXT price goes up, the NAV will go up. If I tried to price fix things at any specific price like 0.01, this would endanger SuperNET and that is something I will not do. Do you want me to do fractional reserve price peg that endangers the solvency of SuperNET so that the buywall is fixed at 0.01? What about when the NAV is at 0.015? You will probably not like it if the buywall was pegged at 0.01!

The NAV is the NAV is the NAV. It is based on market price fluctuations and anybody that tries to impose an artificial price peg will end up bankrupt. This has been proven over and over. My job is to ensure SuperNET is protected and grows. This means NAV is NAV and not some price peg that is not 100% backed. i do not believe in fractional reserve. or leveraged crypto.

If my doing what I said I would do is feeding trolls, then there will be a lot of troll feeding as I always do what I say I will. I said there will be a NAV based buywall according to the formulas described. I never promised an asset NAV buywall. I never promised any put option at ICO price.

Any such things would be materially different than existing spending authority and would need to be put up for a SuperNET vote. I will actively campaign against such onerous financial obligations. Do you want to put it up for a vote?

James

[Dividend Announcement]

50000 NeoDICE assets (id 18184274154437352348) will be dividended out to SuperNET asset holders at the rate of 0.06126992957634 NeoDICE per SuperNET asset.

that is 50000/816061

another way to look at this is that for every 16.32 SuperNET assets you have, you will get 1 NeoDICE asset. This is similar to how the NXTventure works, NXTventure will be doing 0.05 NeoDICE per NXTventure, or 1 NeoDICE asset for every 20 NXTventure

I know I said dividends probably not before end of year, but I want to test out the dividend process, especially via bter.

If you have TOKEN on NXT AE, you wont get any dividend at all so I suggest you redeem it ASAP by sending it to:

NXT-7Y5B-J8LQ-SL5P-3ULFL (alias: RedeemTOKEN)

It will be converted to SuperNET and sent back to your account within 24 hours. It is done via a manual process run by valarmg

There was an issue with the previous dividend being done several hours after a strictly interpreted announced time, so I will not announce any time or block for the dividend. If you have not gotten it yet, then it hasnt happened yet. Please do not ask when the dividend will be sent out. It will happen when it happens, I hope it can be done this month, but no guarantees

James

P.S. Please do not expect regular SuperNET dividends like this. This is a special case with not guarantee of anymore like this in the future

if these newbie trolls dont stop, we will just move to the superNET forum
i dont have time to waste hours on this. it is just ridiculous today, over the first thing that didnt go exactly as planned due to the deposit being stuck in bter.

so trolls, stop or we just move to where you cant do your garbage

any objections?

James

Wow! Thanks for the unexpected neodice asset bonus!
You are an awesome dev james

The guy is a total douchebag and troll, no doubts on that, but I also think that buywalls should be set at least at the min IPO price, which is 0.01 BTC, as far as I know. So, you're basically feeding trolls and fudsters with your actions. Buywall at higher price is wrong, because it would be the easiest money for investors. Buy at 0.01 and sell at 0.0115 back to devs. But buywall at 0.01 is just fair and logic.

James when can we expect to receive the NeoDice dividends? Just want to know so I can be on the lookout for it and let you know if it doesn't arrive. (I have my SuperNET asset on the NXT AE.)

[Dividend Announcement]

50000 NeoDICE assets (id 18184274154437352348) will be dividended out to SuperNET asset holders at the rate of 0.06126992957634 NeoDICE per SuperNET asset.

that is 50000/816061

another way to look at this is that for every 16.32 SuperNET assets you have, you will get 1 NeoDICE asset. This is similar to how the NXTventure works, NXTventure will be doing 0.05 NeoDICE per NXTventure, or 1 NeoDICE asset for every 20 NXTventure

I know I said dividends probably not before end of year, but I want to test out the dividend process, especially via bter.

If you have TOKEN on NXT AE, you wont get any dividend at all so I suggest you redeem it ASAP by sending it to:

NXT-7Y5B-J8LQ-SL5P-3ULFL (alias: RedeemTOKEN)

It will be converted to SuperNET and sent back to your account within 24 hours. It is done via a manual process run by valarmg

There was an issue with the previous dividend being done several hours after a strictly interpreted announced time, so I will not announce any time or block for the dividend. If you have not gotten it yet, then it hasnt happened yet. Please do not ask when the dividend will be sent out. It will happen when it happens, I hope it can be done this month, but no guarantees

James

P.S. Please do not expect regular SuperNET dividends like this. This is a special case with not guarantee of anymore like this in the future

The guy is a total douchebag and troll, no doubts on that, but I also think that buywalls should be set at least at the min IPO price, which is 0.01 BTC, as far as I know. So, you're basically feeding trolls and fudsters with your actions. Buywall at higher price is wrong, because it would be the easiest money for investors. Buy at 0.01 and sell at 0.0115 back to devs. But buywall at 0.01 is just fair and logic.

It's better to put this on first page for SuperNeter to catch up.

the price of unity down  has two reason.

the first reason is  that many people said  jl777 was  chinese and work in SINA.
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the second reason is beasuse of  bter.

as we know, in china  the fame  of bter is very bad. some people think bter Counterfeiting and let the price down. because we do not withdraw,we do not know the coin sure or false.

jl777  say bter not work because of weekend ， but  i  tell  you  bter work in weekend.

From October 1 to October 3 holiday.