James you could consider making the bonus depend on an absolute value. So, if we reach $25m you get the 5%, $50m you get the 10%, etc. Holders could vote after the ico has finished and it could be expressed in terms of a gain from initial value. So if $3m is raised, the targets could be (for example) $30m for a 10x gain and 5% bonus, $45m for the remaining 5%, etc. You could also consider pricing in btc instead of USD. Just something to consider. This approach might make it more objective as well.
In my mind the triggers correlated to 5% bonus at 3x TOKEN sold and another 5% at 10x TOKEN soldPricing in BTC would indeed remove the USD variable, but the top10/top5 also removes that and also accounts for new competition.
However, I do like that your proposal is very objective and is very clear as to whether it is achieved or not. Thank you for the excellent suggestion!
I think I will use this idea of 3x and 10x, which is what everyone probably did when assessing the top10/top5 thresholds anyway.
#### Proposed voting ballot description
The BTC equivalent raised would be the total BTC equivalent at the time the fund raising is closed using the then current coinmarketcap prices for the NXT, CNY, BTCD. Let us call this the "BTC raised"
5% bonus achieved when the BTC marketcap from coinmarketcap (or other reliable source) sustains 3x BTC raised for 24hrs+ and another 5% bonus achieved at 10x
In the event the 3x bonus is not achieved before year end 2014, the 5% goes to SuperNET working capital. Similarly the other 5% would go to SuperNET working capital if 10x is not achieved by year end 2015
On the closing of TOKEN fund raising, 10% of SuperNET assets to go to working capital, 10% to jl777 for the 2000BTC of assets, 10% held in reserve for the 3x and 10x bonus. The minimum dilution is 10% if neither bonus is achieved and the maximum dilution is 20% if both bonuses are achieved.
####
James
I suggest the bonus is always available, rather than time-limited. So when SuperNET reaches 3x TOKEN market cap, that triggers the bonus, regardless of when it happens. It could be argued that the extra time would allow James to slack off, but I don't think that's going to be an issue. It would also be a shame to miss it by 1 day for some reason out of anyone's control. In any case, if it does take year after year, the loss of confidence will cause holders to sell, driving down the price and making it even less likely, which should provide some kind of intrinsic incentive.
This suggestion won't be to everyone's liking, but that can be catered for with a 2-part vote:
1) jl777 should receive a 5% bonus when the market cap hits 3x TOKEN value.
2) Any bonus is limited to 2014 only.
Answer yes to both and you have the original proposal. Yes to the first only and you have what I just suggested.
Another question: SuperTrader payroll compounds, starting at ~1000 BTC I think. At what point will that fund be used to start paying dividends or going to other purposes? Or does it simply compound forever (within reason) and boost the SuperNET nav?
