Topic: [ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer - page 273. (Read 736772 times)

Yes, make sure you get the correct asset ID... there is a fake one out there.

As I understand it the purpose of the token is because James doesn't want to cap the donations. I get that.  My issue is that not all tokens will be sold for the same price given that they will be sold in different currencies which are freely floating against each other.  So if there was a way to account for the actual number of coins donated from each user and split the total Unity shares based on actual contributions rather than number of tokens then that would be better.  One coin one vote sort of thing.  

Because there is no way to know how many unity shares to issue. So, you will buy the TOKENs and then after the IPO is closed, james will issue the UNITY assets with the exact number of tokens, divisible to 4 decimals and send them 1:1 to TOKEN holders and also to BTER so they can do the same.

.... fake acct....

Is TOKEN supernet?

Now see this is the confusing thing to me as I can not see the purpose of the tokens.  Why not just buy Unity shares directly? 

Is it possible to buy the TOKEN using the NXT AE, or is it necessary to buy it on bter?

Surely it will be based on the tokens that you have. New buyers might get more tokens than you though.

                                 

                                                    Funds moved, now all I can do is wait.

So is it possible to get more bang for the buck depending on timing and currency used or is total amount donated tallied up at the end and equal unity dispersed regardless of the exchange rate at the time of the donation?  For example, if I were to get tokens on day one with NXT but on day 2 NXT rises 20%, then I have lost 20%? or are the total number of NXT I have donated equal value regardless of when I purchased the token?  That's my question.

In other words when Unity is dispersed is it based on the number of NXT I have donated or is it based on the number of tokens I have?

Can someone give me a brief synopsis on what exactly is the supernet? I still don't fully understand.

The exchange rate is calculated through the 24 hours moving average ... so no real time exchange rate.

How will the revenue share work?

Maybe this question has been addressed already but I am still a little confused.   Since this asset is being sold in BTC, NXT and BTCD and people who use NXT and BTCD get %5 discount as it were, how are exchange rates determined?  Or more simply how much is one token priced in NXT or BTCD?  Because right now both NXT and BTCD seem to be rising a little vs BTC. 

Yes.

http://www.jl777.org/token-asset-id-15641806960898178066/

It matters because, otherwise, you could incorporate a company in one jurisdiction and run it from another without having to obey the laws of the regulatory environment you were in. Numerous legal challenges over the last couple of decades have seen most countries around the world adopt the position that, if you are controlling/managing a company while domiciled in that country, the company is required to obey the legislative operating rules of that country, vis-a-vis taxation, kyc and due diligence, money laundering regs and correct licensing and operation of financial products and services being offered or provided.

The US, in particular, takes an extremely dim view of attempts to circumvent their laws, going so far as to require almost any company in any part of the world wishing to do business with its citizens, individual or corporate, to adhere to US rules and regs.

There is no such thing as being 'domiciled on the internet', as long as there is a centralised service being provided there is a physical presence somewhere of people working the levers and pushing the buttons. Where they are is generally where the company is considered to be operating from, even if it is incorporated in an 'offshore' jurisdiction like the B.V.I.

With regards to the classification of these cryptographic 'TOKENS', there is probably a fair amount of room to manoeuvre at this time, with "Virtual Tokens of Value" being the favoured term to describe the nature of what is being bought or sold, without needing to adhere to the strict rules imposed when something is perceived as a financial product or a currency. Saying that, though, I don't blame Poloniex for being gun-shy about the SEC in the US sticking their oar in. If they were located in a less, erm, 'reactive' country, when it comes to the strength and length of the arm of the law, they might consider it worth sticking with claiming the products their business is involved in are not legally recognised as truly financial in nature, but if they wish to have anything like a chance of staying the course as a US-based cryptocurrency exchange, the fact it has now been brought to their attention means they cannot avoid the potential ramifications of going against the legal advice they have since received.

Can anybody give a link to BTER please ? And what do you mean by UNITY token(Is it this - Asset Id:  15641806960898178066)? Thanks.

Why transfer them to Bter if you bought at NXT AE. Buyers would just get the amount of UNITY tokens corresponding to how much they bought of TOKEN tokens. It's safer to buy on NXT AE too, we don't have to trust Bter, only trust James. If we buy on Bter, we have to trust them both, which is less reliable. In any case, I consider this a donation to the cause of crypto currency movement and don't expect any returns. If there is a return, it'll be a nice bonus.

I recall reading that TOKENs bought on the Nxt AE should NOT be transferred to Bter, as this would make it impossible to credit the proper owner with the UNITY coins at exchange time. Can anyone confirm this, or am I misremembering?

Edit:
Ah, good timing. I just saw this on the other thread. It looks like you have to keep your TOKEN on whichever exchange you buy it.
https://nxtforum.org/general-discussion/supernetwork-ipopoloniex/msg96909/#msg96909

Why not just buy them directly on the NXT AE? This way, they will be in your wallet from the start rather than on BTER.