[ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer - page 288.

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: I-Love-BTCD on September 03, 2014, 02:50:23 PM

Quote from: BadAss.Sx on September 03, 2014, 02:14:04 PM

As far as i know it isn't a coin at all, but correct me if i'm wrong

It can be a coin, Why isn't a coin? Cheesy

you can send it to someone
you can sell it to someone
it will be on exchanges

so it will have the attributes of a coin, but it is technically an asset, which allows for issuing dividends automatically

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: hologram on September 03, 2014, 02:45:47 PM

Quote from: jl777 on September 03, 2014, 02:44:41 PM

It also allows for stake based voting on SuperNET elections

You said no elections ?

I didnt expect many, but it is possible for there to be some to correct any mistakes I make with initial parameters.
OK, put that way it is highly likely we will need some as I am sure I made some mistakes someplaces

Speaking of that I will be too busy to directly coordinate the supertraders and since I cannot find many to work for free as I do, I am needing to boost the percentage of trading gains from 10% to 11%, the extra percent to the one coordinating all the traders.

So, current supertrader parameters are:
10% of SuperNET initial funds and 11% of trading gains (with reserves to protect against drawdowns)

I am also negotiating with InstantDEX whales and I think some portion of the SuperNET initial funds should be used to get them into the CORE. I dont expect it will be a giant percentage for the marketrate swap, let us cap it to max of 5% and remember this is for boosting the InstantDEX ownership that SuperNET has to match the level of the other core assets. This in turn will increase the percentage of the InstantDEX dividends that flow into SuperNET.

James

I-Love-BTCD

newbie

Activity: 64

Merit: 0

Quote from: BadAss.Sx on September 03, 2014, 02:14:04 PM

As far as i know it isn't a coin at all, but correct me if i'm wrong

It can be a coin, Why isn't a coin? Cheesy

hologram

sr. member

Activity: 504

Merit: 250

Quote from: jl777 on September 03, 2014, 02:44:41 PM

It also allows for stake based voting on SuperNET elections

You said no elections ?

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: socket on September 03, 2014, 02:41:46 PM

Quote from: jl777 on September 03, 2014, 02:36:12 PM

Quote from: BadAss.Sx on September 03, 2014, 02:14:04 PM

As far as i know it isn't a coin at all, but correct me if i'm wrong

It is just SuperNET
There will be the coins inside of SuperNET, but SuperNET itself is not a coin. Technically it is a NXT asset

Sorry if I'm asking stupid questions... but will the SuperNET NXT asset have any utility connected to the actual project itself?

Its utility is that it is freely tradable among peoples, via exchanges and NXT AE
It also allows for stake based voting on SuperNET elections
It also allows for stake based distributions

Each asset will represent a proportional share of SuperNET and all that SuperNET is, whatever it is. A token to represent all the tokens it is hodling

James

socket

sr. member

Activity: 259

Merit: 250

Quote from: jl777 on September 03, 2014, 02:36:12 PM

Quote from: BadAss.Sx on September 03, 2014, 02:14:04 PM

As far as i know it isn't a coin at all, but correct me if i'm wrong

It is just SuperNET
There will be the coins inside of SuperNET, but SuperNET itself is not a coin. Technically it is a NXT asset

Sorry if I'm asking stupid questions... but will the SuperNET NXT asset have any utility connected to the actual project itself?

I-Love-BTCD

newbie

Activity: 64

Merit: 0

Quote from: jl777 on September 03, 2014, 02:09:05 PM

Quote from: msin on September 03, 2014, 02:02:13 PM

Quote from: jl777 on September 03, 2014, 01:57:49 PM

There will be not SuperNET IPO, there will just be SuperNET

Good call.

yes, this makes much sense to me. Without the three letters it changes the risk profile from fiat attack. any other things can help with this? It seems the "security" was depending on the expectation of future rewards without any additional work required.

So, everyone if you are getting some SuperNET, I am officially formally requiring you to do work on behalf of SuperNET. There is no free ride on top of my back. I am working for free, so you must all work for free. This is no security, there could be zero future dividends and if you are not all working very hard, maybe this is the outcome. So, you have to do a bunch of work and there is no expectation of future revenues. Maybe it is a donation and anything you get back is a counter-donation?

Your first task is to ask not what SuperNET can do for you, but what you can do for SuperNET
When you are having this answer, then you must work night and day like I do.

I hope this is acceptable

James

I agree with you
Most investors believe that , always immediately after the end of IPO/ICO a number of people should be buy their coins to several times the price without doing anything for prices growth . this kind of thinking is really stupid . Cool

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: BadAss.Sx on September 03, 2014, 02:14:04 PM

As far as i know it isn't a coin at all, but correct me if i'm wrong

It is just SuperNET
There will be the coins inside of SuperNET, but SuperNET itself is not a coin. Technically it is a NXT asset

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: devphp on September 03, 2014, 02:19:08 PM

It's a donation, to the cause of crypto currency movement. This presentation will eliminate a lot of issues.

yes be prepared to donate and work like a slave, dont expect anything in the future.
Gee, this almost sounds like fiat!

James

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: phobosgrunt on September 03, 2014, 02:30:57 PM

Question about the initial sale. Will what I get be based on the dollar value of when I buy, the bitcoin value of when I buy, the dollar value at the end of the sale, or the bitcoin value at the end? Asking because of all the fluctuation in price that can happen over the course of a month.

The percentage allocation of the SuperNET will be based the moment of your donation. The bonus amount is increasing the price gradually, the non-BTC donations are converted as the bonus amount is changed (every minute?) using a hard to game rate for the other currencies. The specific method will be announced when SuperNET donations are ready for acceptance

James

phobosgrunt

newbie

Activity: 21

Merit: 0

Question about the initial sale. Will what I get be based on the dollar value of when I buy, the bitcoin value of when I buy, the dollar value at the end of the sale, or the bitcoin value at the end? Asking because of all the fluctuation in price that can happen over the course of a month.

devphp

sr. member

Activity: 336

Merit: 260

It's a donation, to the cause of crypto currency movement. This presentation will eliminate a lot of issues.

BadAss.Sx

legendary

Activity: 1526

Merit: 1002

Bulletproof VPS/VPN/Email @ BadAss.Sx

As far as i know it isn't a coin at all, but correct me if i'm wrong

I-Love-BTCD

newbie

Activity: 64

Merit: 0

This discussion is pointless. SuperNETcoin is something that we get as a reward for our donations.
SuperNETcoin Like all the any other altcoins and Compliance with all legislation of Cryptocurrencies. Wink

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: Wob on September 03, 2014, 02:04:09 PM

Is it possible to wait a little with the ipo so that Cryptsy can figure out its problems with the BTCD wallet?

Many people stuck imo

also it is not called an ipo! it is not a security. you must all work. you must not expect anything in the future
It is just SuperNET
the bonus it is changing only by very small amounts per minute

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: msin on September 03, 2014, 02:02:13 PM

Quote from: jl777 on September 03, 2014, 01:57:49 PM

There will be not SuperNET IPO, there will just be SuperNET

Good call.

yes, this makes much sense to me. Without the three letters it changes the risk profile from fiat attack. any other things can help with this? It seems the "security" was depending on the expectation of future rewards without any additional work required.

So, everyone if you are getting some SuperNET, I am officially formally requiring you to do work on behalf of SuperNET. There is no free ride on top of my back. I am working for free, so you must all work for free. This is no security, there could be zero future dividends and if you are not all working very hard, maybe this is the outcome. So, you have to do a bunch of work and there is no expectation of future revenues. Maybe it is a donation and anything you get back is a counter-donation?

Your first task is to ask not what SuperNET can do for you, but what you can do for SuperNET
When you are having this answer, then you must work night and day like I do.

I hope this is acceptable

James

Wob

newbie

Activity: 32

Merit: 0

Is it possible to wait a little with the ipo so that Cryptsy can figure out its problems with the BTCD wallet?

Many people stuck imo

msin

legendary

Activity: 1470

Merit: 1004

Quote from: jl777 on September 03, 2014, 01:57:49 PM

There will be not SuperNET IPO, there will just be SuperNET

Good call.

jl777

legendary

Activity: 1176

Merit: 1134

Apparently the three letters "IPO" is some sort of danger so I changed the OP to not have this.

There will be not SuperNET IPO, there will just be SuperNET

I am working closely with poloniex to address some of the issues raised by the fiatman. SuperNET is bigger than me, it is bigger than any single altcoin, it is a movement that is started and cannot be stopped.

So, there will always be a way to make this happen and I am thinking of all the thoughtful comments, usually there is this answer that pops in my head when I am reading a question. Sometimes this answer popping, it is not there Sad

So, then I have to wait or do it the hard way, and this makes me slower for the answering.

please be patient. My biggest concern is the safety of capital.

James

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: Cassius on September 03, 2014, 01:46:48 PM

I like Poloniex for this.

Two questions (I don't think these have been answered already):
1) What if everyone invests on day 1 and gets a 15% discount? Who pays for it? (Unlikely but it's reasonable that a large proportion of money will come in on day 1 and less and less after that).
2) Will a proportion of revenue be retained by SuperNET to fund future coin purchases?

1) if only money is coming in the first day and it stops (extremely unlikely) then everybody ends up paying 15% over book value. In most reasonable day by day distributions, the average premium should be around 10%, it could be as low as 5% if there is a big surge during the no bonus days.

2) there is still some unallocated revenues and if it makes sense this is a possibility, but I am thinking that any such extra fundings would make more sense to come from the supertraders bankrolls after they are into higher profit levels. It is not possible to predict, as there are too many variables, but I would say that it is possible but not likely.

James

Topic: [ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer - page 288. (Read 736775 times)