Topic: [ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer - page 181. (Read 736808 times)

tomorrow is the key
if tomorrow is less than 3% (pretty likely), then Monday will be the last day

what are the results sales for today?

3% or lower? when is this finally ending?

Either you are with us or you are with the terrorists
 

SuperNET is not the Borg!

SuperNET allows any node from any coin to contact any other node via SuperNET API calls. So is like having a cellphone network where you can call people only in that network. And there are 500 such independent cellphone networks.

You then have to have a dozen different phones to be able to call people in the dozen coins you have. That is what it is like now and each coin has its unique value.

When they join SuperNET, it is like allowing any phone in any network to call any other phone. This only enhances whatever unique value each phone has. You dont have to make any long distance (cross network) calls, but you are able to.

SuperNET is about providing options, connectivity.

Once this is there, then it is possible to create automated combinations of services out of the various coin's unique features. These combination services would not be possible without SuperNET, and the coin's that are part of this combination is creating a new unique feature that otherwise would not be possible.

So really the question is if a coin community wants to offer their coin's unique services to the wider SuperNET universe and allow the service creators to have the option of using what it unique about their coin.

No coin should be an island or a self contained network that doesnt connect to anything else. maybe SuperNET can be though of as a standard format to use for USB sticks. imagine if there was no standard, no interoperability between OS or even applications?

So anybody that is afraid to join the SuperNET is because they dont understand it. Also, any coin/website/software will be able to access the SuperNET API and the combination services, but again this is just an option to offer their users.

James

One concern keeps arising during communitiy discussions:

When a coin joins supernet, like becoming part of it´s core, does that mean that all of the coins features will be available to those, who hold any of the other coins integrated in the supernet core also?

Because you hear (or rather see) ppl writing, their coin shouldn´t try to join the supernet, because that would make it lose it unique value.

Are they mistaken?

I think all these question show, how little the average Joe understands the whole concept behind the supernet right now.

Thanks for clearing up!

Come on guys how can anyone recommend hodling long term on any exchange......my tokens are only there because the roll out is not over, as soon as I've got my Unity bam there out of there.

Jon   

It represents a bunch of coins, those which join the superNET.

The dividends are paid to your BTER account or your NXT account, depending on where you are hodling.

Yes, tokens become Unity at BTER and superNET on NXT AE.

http://www.nxtcommunity.org/ to learn about NXT.

or, go directly to secureae.com which is basically an online NXT wallet with the AE front and center.

hth

Nxt is super easy to use aND the asset exchange is as well. If you can use bter, you can use nxt. The sell wall is the ipo price (actually lower than the ipo price).
Dividends will be automatic either in your bter account or your nxt account, depending on where your asset is. Did that answer your questions?

I just stumbled upon this token literally an hour ago. I feel confused. What exactly does this token represent? I might be interested in buying some but how would dividends be paid out? Would we have a wallet address to deposit dividends? So if I buy some tokens on bter and just hodl them there would they be auto converted into w/e their suppose to be after the ICO? I see big sell walls, do those represent the ico price? I dont have a nxt account but want to get into crypto assets, whats the best reference you can point me towards to really understand and learn this stuff. Thank you!

There will only be a fixed amount of SuperNET asset (UNITY) issued so there cannot be any dividends in it.
It will likely be in BTC or NXT, but it is possible to get dividends in any supported currency (by mgw and bter)

i think a lot of people bought early to sell at a 5% to 10% gain as the official price has increased from 0.01 to 0.015 over the two weeks.

The NXT AE price is set by me manually. I just look at the bter official price and post inventory at that level. As the official price is in BTC, the NXT AE price will necessarily fluctuate based on the NXT exchange rate

Thanks for fast response James.  So, for now I can just buy and hold on BTER until I figure out the NXT AE.  Good to know. 

Few follow ups:

Will dividends will be reimbursed as more UNITY?  or BTC/NXT/BTCD/etc.
In looking at the bter books it appears that TOKEN is already being traded at various prices rather than just the big ICO sell wall I'm used to.  Is the IPO price fixed on the NXT AE?  Is what I'm seeing just people selling that IPO on bter for profit?

If you buy at bter, it will all be automatic. The conversion of TOKEN to UNITY. This UNITY is the trading symbol for SuperNET asset and from bter you can always withdraw to a NXT account, but you dont have to. bter will be redistributing dividends so if you just buy on bter and HODL there, there is nothing more you need to do to get the tradeable UNITY and the dividends

Now if you become familiar with NXT, then you could also be trading SuperNET asset on the NXT AE and probably do some arbitrage as the price between NXT AE and bter/poloniex are almost never exactly matched.

James

I'm hoping someone can point me in the right direction, or help me answer a few questions.

I've been putting off this research for a while now, but I'm running out of time for the ipo and so decided to spend a few hours looking into it.  Those hours are now gone and honestly, I don't feel much closer to full understanding.  So let me try and summarize where I'm at and then ask a few questions.

SuperNET must be bought on bter under the tag TOKEN.  These will be changed to the tag UNITY after IPO.
SuperNET is not a coin, but rather a NXT asset.  (I think this is the main point of confusion for me, since I don't really know what NXT assets are or how to work with them/hold them/sell them etc).
SuperNET value will essentially be 101% of the value of the coins allowed into its core.
SuperNET value should increase over time and as the prices of the coins in its core increase.
SuperNET will pay 50% of the profits from services as dividends to SuperNET holders.
SuperNET is a long term hold and has the potential to be quite valuable in 5 years, both in price increases of the asset itself, as well as received dividends.

So, I guess a few of my questions are:

How does the conversion from TOKEN to UNITY work?  How do I get my SuperNET "shares"?  How do I trade my SuperNET shares if I don't have any NXT?  How do we get paid dividends?  Will all of this become obvious when I spent another few hours reading about NXT assets and download the NXT wallet?  If I don't buy soon, do I miss out?  Is the price going to double or anything tomorrow?  Will I have to buy it off the NXT exchange if I miss the IPO?

Any input here would be welcome.  I should not have delayed this long, but I honestly thought it would be easier to figure out.  Half the stuff I read just confuses me further.

having a website that implements the GUI ahead of time is quite useful as this helps define what lower level functions are needed

James

MGW will be creating assets linked to the crypto, but its only direct fees currently are for deposit/withdraw and they are currently set at close to cost. These are the early years and growing userbase is more important than maximizing fees.

The more users, the more assets on deposit, the more future fees. Also MGW will get some revenue sharing from InstantDEX as a lot of trades are expected to use these assets.

So there are both direct and indirect correlations of MGW to SuperNET success, but MGW is in the low profit expansion mode for now.

as mentioned, i would like to do the frontend things if we are ready with the website, or before ;-)

Could somebody please explain the importancy of the role MGW plays in superNET? In how far will a success of superNET be a success of MGW if at all?

FTFY

There was a question about whether SuperNET would be able to generate $1 million USD per month in dividends. This must be a crazy impossible thing, isnt it?

Let us do some math!

We can do a top down sanity test to see if this is even possible. Now we are talking about $1 mil USD per month dividends, so $2 mil USD revenues. Let us assume a stable BTC exchange rate, no fair to achieve this if USD hyperinflation makes BTC $5000. Keep in mind that any financial instrument that is spitting out $1 mil per month in dividends will have a $1 billion marketcap at a dividend multiple of ~80. Since this sort of dividend level will only be achieved under massive growth scenarios, the dividend multiple of 80 is reasonable and with PE of 100+ common for growth stocks, a three digit dividend multiplier would not be surprising. With less than 1 million TOKEN that means a valuation of multiple BTC in these rosy scenarios, eg. 100x and more.

I have not spoken about these scenarios publicly before as I do not want people to be expecting any large gains. It also requires years of HODL to even be possible, so with the understanding that this is purely a theoretical discussion on valuations in hypothetical scenarios and I am not promising SuperNET will achieve this and it wont unless the community actively helps. But there is a chance that all things work out right and these things can happen, I cannot deny this either.

so, what will it take?

Global GDP is around $100 trillion USD. This is crazy big fiat number. It is a bit less than this, but by the end of the decade it should be quite close to this. I have predicted that by the end of the decade crypto will have 1% of global GDP. This would be $1 trillion in the crypto economy. Now, before you start laughing, I also made some other crazy predictions, like the marketcap of my assets would exceed 1 billion NXT. http://nxtreporting.com/assetcap.php?cap=no-issuer&f=jl777-Assets shows it is almost halfway there already! I dont know how much fiat marketcap has been created in the last 4 months, probably a lot more than 100x what I have so not anywhere close to 1% of fiat in this area, but if just one guy can do this, what happens when there are dozens of people?

Assuming that there is $1 trillion in crypto economy, what percentage will SuperNET have a part in it? Let us assume 1%, this seems a safe estimate. SuperNET is no snot kitten and so 0.1% feels too small and 10% would only be possible if nobody else is competing with SuperNET, so 1% is probably a good order of magnitude. This is $10 billion USD per year of commerce that would be flowing through the SuperNET coins and assets. I like to use a standard reference fee of 0.1% (actually 1/1024) this is lower than any centralized exchange for trading commissions and something small enough most people wont care. this get the $10 billion USD to $10 million in fees and so 50% dividend is $5 mil per year or ~$400,000 per month. Not quite the million USD, but it is at least close. Of course, the 1% in crypto, 1% in SuperNET and 0.1% ave fee are three variables that are all quite speculative and subject to change, but without anything too crazy (other than 1% of GDP in crypto), we have a top down estimate.

Now I dont like using any top down estimates for any actual valuations as it is always so easy to say, XYZ will get 1% of TBD and so it must be worth 1% of it. without any bottom up model, this becomes just a marketing statement and I like to base my statements on math.

So, let us see if there is any reasonable way to add up to this $1 mil per month in dividends.

let us drill down to one single asset, FreeMarket. It is an auction site that is decentralized and is currently in beta. It will be charging a flat rate fee of 7.77 NXT and SuperNET is getting 20% of the listing fees. So we have 1.5 NXT per listing for the 0.1% fee slot. this means if the average auction listing is 1500 NXT then we are at the 0.1%, so this does not seem unreasonable. Now the first two figures 1% of fiat and 1% for SuperNET can be combined into 1/10000 of fiat. Let us see if this is realistic:

http://www.powersellersunite.com/auctionsitewatch.php shows about 300 million active listings at any given time, so the benchmark of 1/10000 is 30000 listings. I do not have the average duration of a listing, but if it is 2 weeks, then the 30000 listings figure does not seem like such a big hurdle. Just a few active stores and a good fraction of this would be achieved. The monthly revenue share would be 100,000 NXT, which is not so big, but this is from just one revshare deal and assuming a 1/10000 market penetration. At 5 cents per NXT, this alone would be 0.5% toward the million USD per month goal.

The crypto will not be able to get 1% of fiat across all markets, so to average 1% it needs to get a disproportionate share in the areas it is strong in. Let us indulge some generosity in the FreeMarket projections and say it will get 1/5000'th of fiat, this makes it achieve 1% of the $1 mil per month. Then the question is can there be 100 revenue sources that are of the same level as FreeMarket.

Clearly I cannot possibly do all 100 of these myself and so partnerships like FreeMarket is the SuperNET model. I can easily do 100+ revshare deals and NXTventure finance deals over the years. not all will be successful, but since they are revshare and not requiring big investment from SuperNET, it is possible to create a large network of affiliated revshare deals where all are benefiting from the combined effect. This is the larger SuperNET, beyond the core coins and the coins that are accessing the SuperNET.

We all know there has to be the "google"/"ebay" for crypto that is aggregating all of the crypto into a single "place". This network effect is already begun and for any of the above scenarios to have a chance to happen, SuperNET has to become this largest "place" in crypto.

James

P.S. The fact that so few have figured out the possible upside with the limited downside from the asset backed NAV, indicates that all the TOKEN purchasers are a cut above the average.

About 5000 BTC raised?