Topic: [ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer - page 308. (Read 736777 times)
August 30, 2014, 06:41:07 AM
skynet
August 30, 2014, 06:28:09 AM
Very interesting idea, if a little bit short on details at the moment.
the purpose of this thread is to provide the detailsplease ask about any details you need to know
Well, firstly - will ppl access this network from the BTCD wallet or from elsewhere?
Secondly, I'm not clear on how you access the features of another coin - do you mean that people will be given the option to automatically convert a balance held in BTCD into another coin and then use that coin?
Thirdly, you reference supernet nodes - are these the nodes of BTCD, the nodes of all participating coins, or an independent piece of software?
August 30, 2014, 06:24:51 AM
When you say you want good and active dev to join the supernetwork, i instantly think about gatra. He is the dev of Datacoin and do great things with it. The coin doesn't have much value on market but he's doing great work and doesn't abandon it.
https://bitcointalksearch.org/user/gatra-119445
https://bitcointalksearch.org/user/gatra-119445
August 30, 2014, 06:23:06 AM
Very interesting idea, if a little bit short on details at the moment.
the purpose of this thread is to provide the detailsplease ask about any details you need to know
About supernetwork, will you develop a new coin?
Supernetwork is the combination of many coins into a unified system to maximize the value and revenues made by each coin. In addition to the capital gains made from purchasing the coin at pre-Supernet prices, revenues will be earned by selling clicks generated from the available services page. In turn this revenues will be split between the Supernet owners and various other groups. Half to Supernet, the other half to be split among all the people who are running nodes connecting to supernet, the coin communities that are part of Supernet, BTCD stakers, tbd.
James
August 30, 2014, 06:17:42 AM
Very interesting idea, if a little bit short on details at the moment.
the purpose of this thread is to provide the detailsplease ask about any details you need to know
About supernetwork, will you develop a new coin?
It will be a NXT asset
August 30, 2014, 05:51:31 AM
Very interesting idea, if a little bit short on details at the moment.
the purpose of this thread is to provide the detailsplease ask about any details you need to know
About supernetwork, will you develop a new coin?
August 30, 2014, 05:47:33 AM
Very interesting idea, if a little bit short on details at the moment.
the purpose of this thread is to provide the detailsplease ask about any details you need to know
August 30, 2014, 05:46:47 AM
there are a fixed date? 1,2,3,4,5 sptember?
ask poloniex August 30, 2014, 05:45:11 AM
there are a fixed date? 1,2,3,4,5 sptember?
August 30, 2014, 05:42:13 AM
Only way to pre-purchase is Polo.
That's what I suspected, thanks.
Looks like James is putting together another good opportunity...this could be huge. However, I eagerly anticipate knowing how other coins will accept (or not) invitations to join the supernetwork...this is what is a bit disconcerting. If anyone can debunk the myth that the super network will in any way "steal thunder" from a crypto, James can.
Booyakasha
August 30, 2014, 05:36:41 AM
Very interesting idea, if a little bit short on details at the moment.
August 30, 2014, 05:31:47 AM
Only way to pre-purchase is Polo.
That's what I suspected, thanks.
Looks like James is putting together another good opportunity...this could be huge. However, I eagerly anticipate knowing how other coins will accept (or not) invitations to join the supernetwork...this is what is a bit disconcerting. If anyone can debunk the myth that the super network will in any way "steal thunder" from a crypto, James can.
August 30, 2014, 05:30:19 AM
Do you mean you are ready for IPO anytime while Poloniex is not ready yet?
within an hour Polo agreed to host IPO, but something about midnite friday, so there was no time to finalize the details
Tristan is very quick so I dont expect it will take them very long to get ready
I expect the ipo to be most of September
August 30, 2014, 05:28:06 AM
For those that are still thinking if Supernetwork helps other coins, it must hurt BTCD. Let me explain the math.
100,000+ nodes will do quite a lot of InstantDEX, Teleport, Privatebet, Tradebots, etc. Plus add in dozens of additional services from other coins. In the center of all this is BTCD. We are the center of the spiral. Let other coins make their money, everybody needs money. I think that is why it is called money.
BTCD is what allows all this to happen and even if just a small percentage of the overall commerce spills into BTCD revenue share it will be a giant boost to the value of BTCD. I have not worked out all the numbers, but with all this revenues being generated, we can definitely make it a cash positive decision for the other coins, while sharing in the business each coin adds.
Think of it like a company that used to be not so big. They allowed others to make money and they charged some fee for this. Maybe you heard of this company called google? When they select a website to join their AdWords, the website is now making new money from new traffic that otherwise goes elsewhere. A market based auction process allows the website to determine how much to spend for the click. I dont think there is a need to setup fee auctions, but maybe at some point it does. So, the website can choose to tap into traffic that otherwise it cant.
Not exactly the same business model, but I hope you understand the similarities. Basically each coin that joins Supernetwork adds its nodes and that allows all the other nodes to benefit from it, and with cross marketing of the top performing services, yes I think I will do a google Adwords style bidding!, the most popular services are shown first and the user is more likely to select this service. I am glad to write this post, I hadnt solved the way to prorate the Supernetwork fees, but google already solved this!
I see a page that is shown that lists the most popular services and the ones that are paying the most to be shown. At first maybe not paid ads, but then even a low bid gets top placement, so some bidding happens and the market can decide how much it is worth to be the top features Supernetwork service. Now these "clicks" will actually not be just clicks but directly invoking the service, so it is what is called a "conversion", the ultimate goal of direct response advertising. The conversion.
Now if anybody had any doubts as to the value of Supernetwork on BTCD, I hope you are able to estimate the market discovered prices to be the top listing. I will need to share the revenues from this with the node that generated the click, so this is like a rebate for the user, since they are paying for the click, but they also get some percentage. Then there is a general revenue share that each coin gets. I think it is good to track thing per coin, this way for the people that just cant help themselves from competing with other coins, the competition can be which coin is making the most revenues.
Some some small amount for BTCD as the enabler multiplied by all the users of the Supernetwork using all the services that are available.
I am not able to make an estimate for the possible revenues at this point
James
P.S. Of course as the 2.0 crypto platform, NXT is a big beneficiary from this too. I design things so that everyone wins
Do not forget, you're a dev of BTCD and You must support BTCD much more than others . 100,000+ nodes will do quite a lot of InstantDEX, Teleport, Privatebet, Tradebots, etc. Plus add in dozens of additional services from other coins. In the center of all this is BTCD. We are the center of the spiral. Let other coins make their money, everybody needs money. I think that is why it is called money.
BTCD is what allows all this to happen and even if just a small percentage of the overall commerce spills into BTCD revenue share it will be a giant boost to the value of BTCD. I have not worked out all the numbers, but with all this revenues being generated, we can definitely make it a cash positive decision for the other coins, while sharing in the business each coin adds.
Think of it like a company that used to be not so big. They allowed others to make money and they charged some fee for this. Maybe you heard of this company called google? When they select a website to join their AdWords, the website is now making new money from new traffic that otherwise goes elsewhere. A market based auction process allows the website to determine how much to spend for the click. I dont think there is a need to setup fee auctions, but maybe at some point it does. So, the website can choose to tap into traffic that otherwise it cant.
Not exactly the same business model, but I hope you understand the similarities. Basically each coin that joins Supernetwork adds its nodes and that allows all the other nodes to benefit from it, and with cross marketing of the top performing services, yes I think I will do a google Adwords style bidding!, the most popular services are shown first and the user is more likely to select this service. I am glad to write this post, I hadnt solved the way to prorate the Supernetwork fees, but google already solved this!
I see a page that is shown that lists the most popular services and the ones that are paying the most to be shown. At first maybe not paid ads, but then even a low bid gets top placement, so some bidding happens and the market can decide how much it is worth to be the top features Supernetwork service. Now these "clicks" will actually not be just clicks but directly invoking the service, so it is what is called a "conversion", the ultimate goal of direct response advertising. The conversion.
Now if anybody had any doubts as to the value of Supernetwork on BTCD, I hope you are able to estimate the market discovered prices to be the top listing. I will need to share the revenues from this with the node that generated the click, so this is like a rebate for the user, since they are paying for the click, but they also get some percentage. Then there is a general revenue share that each coin gets. I think it is good to track thing per coin, this way for the people that just cant help themselves from competing with other coins, the competition can be which coin is making the most revenues.
Some some small amount for BTCD as the enabler multiplied by all the users of the Supernetwork using all the services that are available.
I am not able to make an estimate for the possible revenues at this point
James
P.S. Of course as the 2.0 crypto platform, NXT is a big beneficiary from this too. I design things so that everyone wins
August 30, 2014, 05:21:32 AM
Only way to pre-purchase is Polo.
That's what I suspected, thanks.
Looks like James is putting together another good opportunity...this could be huge. However, I eagerly anticipate knowing how other coins will accept (or not) invitations to join the supernetwork...this is what is a bit disconcerting. If anyone can debunk the myth that the super network will in any way "steal thunder" from a crypto, James can.
August 30, 2014, 05:06:09 AM
Its actual instantiation will be as a NXT asset, so it will also trade on NXT AE
James
James
Only trade on the NXT AE after launch or will you issue the SuperNet asset on the NXT AE together with the poloniex launch?
In other words, does this mean that I will, for example, be able to put a buy order in on the nxt ae before launch and be issued the 15% (day 1 bonus) +5% (nxt purchase bonus) as an AE token? Or must transfer NXT to polo for the purchase and then transfer SuperNets to the AE for trading? Thanks...
No, according to James, you can only deposit to Polo and they will grant your account with NXT Assets whenever the IPO is over.
After IPO is over, you can then withdraw your assets to the AE and start trading. Only way to pre-purchase is Polo.
August 30, 2014, 05:03:31 AM
Do you mean you are ready for IPO anytime while Poloniex is not ready yet?
August 30, 2014, 04:57:40 AM
Its actual instantiation will be as a NXT asset, so it will also trade on NXT AE
James
James
Only trade on the NXT AE after launch or will you issue the SuperNet asset on the NXT AE together with the poloniex launch?
In other words, does this mean that I will, for example, be able to put a buy order in on the nxt ae before launch and be issued the 15% (day 1 bonus) +5% (nxt purchase bonus) as an AE token? Or must transfer NXT to polo for the purchase and then transfer SuperNets to the AE for trading? Thanks...
August 30, 2014, 04:51:41 AM
great project.
August 30, 2014, 04:45:04 AM
I'm in. When does ipo start?
up to poloniex Jump to: