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Topic: [ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer - page 183. (Read 736772 times)

legendary
Activity: 1428
Merit: 1000
Just out of interest, say tomorrow would be the 2 weeks. If the next day we cannot get 3% it should end in 2 days but what on the second day it does 5% will it still close the following day?
I stated that once the stoppage is triggered, it will be over in 2 days. Since it is likely that a lot of people will do some last minute purchases, it could well exceed 5%, but there is no point to extend the fund raising if less than 3% is coming in.

Thanks for clearing that up.
legendary
Activity: 1176
Merit: 1134
Since SuperNET holds 7.245% of NXTventure, does SuperNET now also possess some Atomic shares?

indirectly it does

theoretically the increase in value of the Atomic should ripple through and increase the value of SuperNET.

There are price discrepancies as the assets are not arbitraged in realtime like other markets (yet), so this makes for ways that people can make some trading profits. once all the price discrepancies are smoothed out, then I expect any value increase of a SuperNET indirect holding will boost the valuation.

This effect is clearest with JLH. I keep adding new assets to it, without it paying anything, so this makes is NAV go up. However it is traded in multiple markets and its price is usually lagging the NAV for a while, until the market realizes that it is underpriced. so there is a time lag and for each level of indirection I would assume another lag.

as fast as crypto is, the price movements are actually still quite slow and possible to trade manually

James



Is it a bad idea that supertraders do this arbitrage?

I mean if the price of unity is under the NAV they can buy some unity  and lead the NAV at a higher price because they would use less bitcoin to buy than bitcoin equivalent of unity (true value of the fund) that it represents.

If it is not clear imagine for exemple there is some panic sell from some assetholder :

-Supertraders have a buy order at 95% of the NAV (the value should be always calculated in all the coins of supernet)
-Supertraders buy it with BTC / NXT/ BBR or other coin (maybe the margin should be bigger for coins with less volume trading)
-So the total fund of supernet has decreased but the NAV is higher making all assetholder remaining more rich.
-After it could happen a panic buy so supertraders can sell unity at 105% of NAV.

ps: The value of 95%/105% is just to have an idea of the margin in order to make the exemple more clear but it should be calculated.
I will not be micromanaging the SuperTraders, so if they think it makes sense to arbitrage maybe they will. I do think there will be better ways of making good ROI though.

It is certainly possible for market price to be around NAV, but with all the future revenue streams coming online, then we will soon see some premiums to NAV and this would make all these below NAV scenarios very rare
legendary
Activity: 1176
Merit: 1134
Just out of interest, say tomorrow would be the 2 weeks. If the next day we cannot get 3% it should end in 2 days but what on the second day it does 5% will it still close the following day?
I stated that once the stoppage is triggered, it will be over in 2 days. Since it is likely that a lot of people will do some last minute purchases, it could well exceed 5%, but there is no point to extend the fund raising if less than 3% is coming in.
full member
Activity: 180
Merit: 100
Since SuperNET holds 7.245% of NXTventure, does SuperNET now also possess some Atomic shares?

indirectly it does

theoretically the increase in value of the Atomic should ripple through and increase the value of SuperNET.

There are price discrepancies as the assets are not arbitraged in realtime like other markets (yet), so this makes for ways that people can make some trading profits. once all the price discrepancies are smoothed out, then I expect any value increase of a SuperNET indirect holding will boost the valuation.

This effect is clearest with JLH. I keep adding new assets to it, without it paying anything, so this makes is NAV go up. However it is traded in multiple markets and its price is usually lagging the NAV for a while, until the market realizes that it is underpriced. so there is a time lag and for each level of indirection I would assume another lag.

as fast as crypto is, the price movements are actually still quite slow and possible to trade manually

James



Is it a bad idea that supertraders do this arbitrage?

I mean if the price of unity is under the NAV they can buy some unity  and lead the NAV at a higher price because they would use less bitcoin to buy than bitcoin equivalent of unity (true value of the fund) that it represents.

If it is not clear imagine for exemple there is some panic sell from some assetholder :

-Supertraders have a buy order at 95% of the NAV (the value should be always calculated in all the coins of supernet)
-Supertraders buy it with BTC / NXT/ BBR or other coin (maybe the margin should be bigger for coins with less volume trading)
-So the total fund of supernet has decreased but the NAV is higher making all assetholder remaining more rich.
-After it could happen a panic buy so supertraders can sell unity at 105% of NAV.

ps: The value of 95%/105% is just to have an idea of the margin in order to make the exemple more clear but it should be calculated.
legendary
Activity: 1428
Merit: 1000
Just out of interest, say tomorrow would be the 2 weeks. If the next day we cannot get 3% it should end in 2 days but what on the second day it does 5% will it still close the following day?
legendary
Activity: 1176
Merit: 1134
I am not sure that I can find the answer yet.

My question is: When will the ICO end?

Likely Monday, but may continue for up to another 2 weeks depending on interest.  I think the only definitive end date is Saturday, Oct. 5th, which is exactly 4 weeks from the date the ICO started.  Again, I think it will likely end sooner than that.
Barring a surge of new sales this weekend, it looks like Monday will be the last day.
then again maybe there is some big news that will come out this weekend and as long as each day is bringing in 3% of total, it goes on for 2 more days

What's the total number of TOKEN right now?
2014-09-18-14:00:02-GMT SOLD 253628.9737747 TOKEN, GOT 1054.4414311 BTC, 12063481.05350848 NXT, 21045.16405324 BTCD, 654194.93798702 CNY
NXT AE 27'629'078.74985353 NXT and TOKEN 221179

total TOKEN: 474807.9737747
sr. member
Activity: 391
Merit: 250
I am not sure that I can find the answer yet.

My question is: When will the ICO end?

Likely Monday, but may continue for up to another 2 weeks depending on interest.  I think the only definitive end date is Saturday, Oct. 5th, which is exactly 4 weeks from the date the ICO started.  Again, I think it will likely end sooner than that.
Barring a surge of new sales this weekend, it looks like Monday will be the last day.
then again maybe there is some big news that will come out this weekend and as long as each day is bringing in 3% of total, it goes on for 2 more days

What's the total number of TOKEN right now?
legendary
Activity: 1176
Merit: 1134
I am not sure that I can find the answer yet.

My question is: When will the ICO end?

Likely Monday, but may continue for up to another 2 weeks depending on interest.  I think the only definitive end date is Saturday, Oct. 5th, which is exactly 4 weeks from the date the ICO started.  Again, I think it will likely end sooner than that.
Barring a surge of new sales this weekend, it looks like Monday will be the last day.
then again maybe there is some big news that will come out this weekend and as long as each day is bringing in 3% of total, it goes on for 2 more days
legendary
Activity: 1176
Merit: 1134
there is a future in which any currency "not accepted / be part of" supernet, it will return against supernet, defaming, discrediting, attacking...  Angry hordes of trolls trying to bring him down.  Tongue
we must be prepared  Grin
any currency/website/software can access the SuperNET, access is different than being in the core of it.

I expect many vendors to offer free trial services and other goodies, so the coins that refuse to connect to the SuperNET will miss out on these things.

For them to get angry when they can just use the API to access the SuperNET is not making sense, but then again not all things make sense
legendary
Activity: 1176
Merit: 1134
Since SuperNET holds 7.245% of NXTventure, does SuperNET now also possess some Atomic shares?

indirectly it does

theoretically the increase in value of the Atomic should ripple through and increase the value of SuperNET.

There are price discrepancies as the assets are not arbitraged in realtime like other markets (yet), so this makes for ways that people can make some trading profits. once all the price discrepancies are smoothed out, then I expect any value increase of a SuperNET indirect holding will boost the valuation.

This effect is clearest with JLH. I keep adding new assets to it, without it paying anything, so this makes is NAV go up. However it is traded in multiple markets and its price is usually lagging the NAV for a while, until the market realizes that it is underpriced. so there is a time lag and for each level of indirection I would assume another lag.

as fast as crypto is, the price movements are actually still quite slow and possible to trade manually

James
member
Activity: 85
Merit: 10
there is a future in which any currency "not accepted / be part of" supernet, it will return against supernet, defaming, discrediting, attacking...  Angry hordes of trolls trying to bring him down.  Tongue
we must be prepared  Grin

Yes, we are setting up war.
sr. member
Activity: 301
Merit: 250
there is a future in which any currency "not accepted / be part of" supernet, it will return against supernet, defaming, discrediting, attacking...  Angry hordes of trolls trying to bring him down.  Tongue
we must be prepared  Grin
sr. member
Activity: 391
Merit: 250
I am not sure that I can find the answer yet.

My question is: When will the ICO end?

Likely Monday, but may continue for up to another 2 weeks depending on interest.  I think the only definitive end date is Saturday, Oct. 5th, which is exactly 4 weeks from the date the ICO started.  Again, I think it will likely end sooner than that.
member
Activity: 106
Merit: 10
I am not sure that I can find the answer yet.

My question is: When will the ICO end?
legendary
Activity: 1764
Merit: 1031
How's it looking for the end of the ico, are we getting anywhere near the 3% cut-off or whatever percentage it is that triggers the stop ...?

Not certain, but there was so much activity in the first day (hour) that it seems likely that Monday will be the end of the ICO.
full member
Activity: 154
Merit: 100
How's it looking for the end of the ico, are we getting anywhere near the 3% cut-off or whatever percentage it is that triggers the stop ...?
member
Activity: 112
Merit: 10
How do I buy TOKEN at the price set by the ICO, and where do I find the price set for the ICO?
Seems on Bter it is already trading?

Thx

Did you check the OP???

You can buy TOKEN from BTER and NXT AE.

Quote
BTER
https://bter.com/trade/token_btc
https://bter.com/trade/token_cny
https://bter.com/trade/token_btcd
https://bter.com/trade/token_nxt

NXT AE
Official SuperNET NXT addr: NXT-MRBN-8DFH-PFMK-A4DBM
Official SuperNET TOKEN asset: 15641806960898178066
rb2
newbie
Activity: 28
Merit: 0
How do I buy TOKEN at the price set by the ICO, and where do I find the price set for the ICO?
Seems on Bter it is already trading?

Thx
sr. member
Activity: 364
Merit: 250
The price is dropping. You can see sells lower than the official sell chunk.
Not sure why people are selling lower than the price they purchased for.
I think it will go lower than the current lowest sell to. Probably just
weak hands?

People investing with money that they need, not wise. Just use money you don't need, invest in Supernet and wait at least 6 months... guaranteed ROI. Believe me, I think I called 95% of the ICO's the last few months and always made money except for one where I got scammed. The rest, at least 100% profit everytime. Even with the crappy ICO's like Syscoin or worthless coins like Groupcoin. Just know your moment when to sell.

ICO rules
Shitcoin but honest senior dev = Invest and sell directly after launch for profit (GroupCoin, ReserveShare, ORA etc)
Good coin but crappy launch = Invest and sell directly after launch for profit. Buy back later when dust settles (SYS, CRYPTI, and EXO when and if it will launch)
Good coin, promising features and great dev = Invest and sit on it, sell when you need profit and leave initial investment (VIA, SuperNet)
hero member
Activity: 817
Merit: 1000
Truth is a consensus among neurons www.synereo.com
Since SuperNET holds 7.245% of NXTventure, does SuperNET now also possess some Atomic shares?
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