Topic: [ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer - page 310. (Read 736777 times)

James i might sound just a tad greedy but here are my thoughts.

As you have stated that BTCD is the spine that holds everything together why do you not limit the IPO to BTCD investors proportionate to their current BTCD holdings?

Say you want 1000BTC raised. If i have 10% of BTCD coins i would have the option to buy 100BTC worth of the IPO. If there is not enough people that take this option then open it up to everyone else after.

The reasoning behind this would be that, firstly people that want to be in the supernetwork IPO will need to buy BTCD and keep up the buy demand and secondly the profits from the rising of the other coins that join the supernetwork would be feed back to the BTCD holders.

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

I need BTC
There will be some available and I will accept mgwBTC

So maybe not the NXT asset exchange? What about giving a leg up to NFD (scam victims reboot), sentimental favorites, great marketing opportunity. NFD had a great distribution too.

This OP will only be updated with the most important news.

http://www.digitalcatallaxy.com/report2015.html - 100+ page report on SuperNET

Repo: https://github.com/SuperNETorg/iguana_dev
Task Boards: https://github.com/SuperNETorg/iguana_dev/issues & https://phabricator.supernet.org/tag/iguana/
We currently use Github AND Phabricator for task management.
Wiki: https://phabricator.supernet.org/w/iguana/
API: http://pad.supernet.org/api
Guide for new devs: http://pad.supernet.org/iguana_new_frontend_dev_guide
Iguana Dev Team and their Roles: http://pad.supernet.org/iguana_dev_team

Iguana TABS (like pages, includes details on content of tabs): http://pad.supernet.org/iguana_tabs

Some general info:
http://coremedia.info/index.php/bitcoin-2-0/item/187-project-iguana-to-birth-a-supernet-chrome-app-increase-accessibility-of-its-technology


SuperNET is an initiative designed to:

- Unite disparate cryptocurrencies by fostering collaboration
- Reward innovation, talent and active coin communities
- Share resulting benefits with CORE members and extend advantages to all crypto currencies

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Website:
http://supernet.org

Client v.0
https://forum.supernet.org/
This is a temporary but fully functional client release. SuperNET client v1 is under development.

The real action is going on in SuperNET Slack, which is also where SuperNET announcements are made first.
https://chat.supernet.org

Supernet Forum
https://forum.supernet.org

Newsletter signup: http://supernetwrk.weebly.com/newsletter.html
SuperNET Newsletters archive: http://nxter.org/category/supernet-newsletters/
Updates: https://bitcointalksearch.org/topic/supernet-updates-830942

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[Trading]

Poloniex: UNITY (this is the same as SuperNET asset)

Nxt Asset Exchange

NXT Asset 12071612744977229797 - all others are fake assets!
Issuer acct NXT-MRBN-8DFH-PFMK-A4DBM, make sure to verify before trading.

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[SuperNET Dividends]

SuperNET assetholders receive dividends according to the size of their investment.
The dividends are automatically transferred to their holding account on Nxt AE or Bter via the Nxt dividend mechanism.

Asset Dividends paid to this date
SkyNET
NeoDICE
Pangea
NXTinspect
...

Read more about the assets and what features they represent below, under [SuperNET CORE Services and affiliates].

Future SuperNET revenue dividends

SuperNET will make revenues from the fees its core assets receive, as well as advertising revenue and shared fees with third parties. Targeted advertising similar to Google’s AdWords will allow website administrators to serve relevant adverts directly to the cryptocurrency community, with revenue being returned to SuperNET participants.

50% will be distributed as follows:
10 percent for overhead
20 percent for coin communities, according to their proportional contribution
5 percent for Nxt core development
5 percent for BTCD stakers
10 percent unallocated, for discretionary spending to maximise the market cap of SuperNET

The other 50% will go to SuperNET assetholders using the NXT dividend mechanism.

James:

SuperNET/UNITY is a very diversified asset that is the sum of all its parts. Keep in mind that these are mostly independent projects and different ones will come online at different times, so there won’t be a switch that just starts a flood of dividends. It will start with a small trickle and as the dozens of dividend sources all combine and grow, the SuperNET dividend will eventually become quite substantial.

With SuperNET, we have financial ties with the core coins and this will be needed to ensure continued cooperation, especially if we are in a prolonged bear market. What is easy to join, is easy to unjoin and I much rather have few coins with long term commitment to build upon. Only the coins that want to be featured in the SuperNET GUI and getting the cross promotion and technical integration, need to let us buy 10%. If they just want to use the SuperNET services, any coin can do this. Coins without redeeming features wont benefit from being part of SuperNET as nobody will use them. Still, any coin or website is free to connect to SuperNET and make its services available to its communities.


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[SuperNET CORE coins]

NXT
http://nxt.org
http://nxter.org
https://nxtforum.org
BTCD
http://bitcoindark.pw
BBR
http://boolberry.com
VRC
http://www.vericoin.info
OPAL
http://www.opal-coin.com
VPN
https://bitcointalksearch.org/topic/dvpndecentralized-virtual-private-network-by-vpncoin-team-757614

BITS (SuperNET CORE component!)
https://bitcointalksearch.org/topic/annbitsbitstar-now-on-cryptopia-nova-and-yobit-new-wallet-fork-in-testing-748045

To learn more about what features each core coin contribute to SuperNET, see the SuperNET Newsletters.

Attention coin representatives:

Please send your application to join SuperNET CORE to [email protected].

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[SuperNET CORE services and affiliates]

Teleport. Darkpaper: http://209.126.70.170/DarkPaper.pdf

Telepathy. Whitepaper: http://209.126.70.170/Telepathy.pdf.

InstantDEX. Near real-time trading between cryptocurrencies.
SuperNET core owns 241,485 InstantDEX.
InstantDEX fees will flow through these and be dividended out to SuperNET investors.

NXTprivacy. Contains all of jl777 / SuperNET’s privacy-related projects.
SuperNET core owns 241,485 NXTprivacy.
NXTprivacy dividends will flow through these and be dividended out to SuperNET investors.

Tradebots (NXTcoinsco). Allows creation of custom decentralized tradebots.
SuperNET core owns 241,485 Tradebots/NxtCoinsco.
NxtCoinsco dividends will flow through these and be dividended out to SuperNET investors.

Coinomat. Enables you to exchange Bitcoins directly in the client.
Coinomat is also the issuer of CoinoUSD (asset ID 12982485703607823902), a USD-tied asset, which can be traded directly from the SuperNET client, thus creating the first NXT/USD decentralized market. CoinoUSD can be withdrawn via Coinomat services, for example to VISA / Mastercard.
https://coinomat.com

SuperNET card (cryptocard). Half-anon withdrawals of NXT and other SuperNET coins.
Dividends will flow to SuperNET holders through NXTprivacy.

neoDICE is similar to that of the legendary satoshiDice, with a few differences, the most important one been the near realtime processing of the wagers.
100% of neoDICE revenues will be distributed to assetholders. This indirectly includes SuperNET, so UNITY holders will receive dividends from neoDICE. UNITY holders will receive dividends from neoDICE through Privatebet > NXTprivacy.
https://nxtforum.org/nxtventures/(pre-ann)-neodice/

Pangea. Decentralized poker application. Uses provably random numbers and will take advantage of the built-in privacy features of SuperNET.
20% of revenues will go to SuperNET holders through Privatebet > NXTprivacy.
SuperHODL contains 414’454.1309 of 1’000’000 Pangea = 41.45%. SuperNET internal holdings: 0.06%
https://nxtforum.org/nxtventures/pangea-poker/

Omnigames (asset ID: 7441230892853180965).Freemium mobile games that use cryptocurrency for in-game purchases.
80% of Omnigames revenues will be distributed to assetholders.
20% of revenues will go to marketing affiliates, with Privatebet handling the SuperNET players for omnigames.

Omnigames will be dividended out as an asset at the usual rate of 7.5% to both NXTventure and SuperNET, with 5% going to JLH.
SuperHODL contains 400’000 of 1’000’000 Omnigames = 40.00%. SuperNET holds 7.5%
https://nxtforum.org/nxtventures/omnigames-asset/

ATOMIC (asset ID 11694807213441909013). Designed to enable 100% decentralized trading for all coins and assets on a single blockchain. It will be integrated into the core of SuperNET.
https://bitcointalksearch.org/topic/ann-atomic-in-supernet-core-single-blockchain-for-trading-all-coinsassets-780833

Freemarket (asset ID 134138275353332190). A decentralized physical goods store (similar to a decentralised eBay).
20% of FreeMarket listing fees (7.77 NXT per listed item from 2015) will go to SuperNET. Download the NXT Freemarket install here: http://nxtfreemarket.com

Jay (asset ID: 8688289798928624137). A light wallet and a decentralised plug-in network.

James writes: ‘Jay will allow people without any software on their system to run the SuperNET GUI and access all coins. I want this to be accessible from SuperNET.org, so it would just have the latest SuperNET GUI directly available from the SuperNET.org website. It will do local client signing, so they can safely do money tx for any coin connected to the SuperNET, not just core coins!’ Possible uses include a plug-in store for downloads, multiwallet and generally allowing crypto to have a lower entry barrier due to avoiding the requirement of downloading blockchains.

Jay will be dividended out as an asset at the usual rate of 7.5% to both NXTventure and SuperNET, with 5% going to JLH. Timing is undecided.
SuperHODL contains 400’000 of 1’000’000 Jay = 40.00%. SuperNET holds 7.50%
https://nxtforum.org/jay-framework/
https://nxtforum.org/nxtventures/jay-decentralized-plugin-network-asset-8688289798928624137/msg132142/

NXTweb. A series of fee-generating sites, the first one being a crowdfunding website: www.nxt-starter.com.
SuperNET will receive 25 percent of NXTweb’s NET profit.
https://nxtforum.org/assets-board/(ann)-nxtweb/

SNN, SuperNET News Network (asset ID 15113552914305929842), will be ‘a community owned and operated media outlet, with stories and content written by a wide range of contributors about crypto technologies and markets’.

75 percent of SNN revenues will be distributed to its assetholders. Revenue sources include advertising, subscriptions and pay-per-view. SuperNET holds X% of SNN.
SuperHODL contains 700’000 of 1’000’000 SNN = 70.00%. SuperNET holds 7.50%
https://forum.supernet.org/index.php?topic=118.0

BOOST (asset ID 9719950459730291994) is a startup incubator that provides zero-interest loans for new NXT companies and will have close links with NXTventure, both in funding and adopting new companies. It will act as a conduit for small companies that want to become a qualified NXTventure listing.

SkyNET (asset id: 6854596569382794790). FinHive has made an agreement with SkyNET to become a wholly owned subsidiary of SkyNET. All future revenues from FinHive operations will flow through SkyNET. Revenues in excess of operating costs will be distributed as dividends to SkyNET assetholders.
https://nxtforum.org/finhive/
https://nxtforum.org/nxtventures/reserved-6826/

MyNxt. Is making an online SuperNET client.
SuperHODL contains 17’200 of 100’000 MyNXT = 17.20%
http://www.mynxt.info/

Coinimal Euro-crypto gateway.
Profit-sharing deal with SuperNET: In return for being featured as the EUR-gateway in the SuperNET, Coinimal GmbH will distribute 51% of the profit generated through the SuperNET Plugin to SuperNET. The Profit Share will be paid monthly in Bitcoin.
https://coinimal.com

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[NAV buywall]

A buy wall at NAV has been put up on BTer and NXT AE. This to allow holders to sell at NAV (Net Asset Value) should they need to. The buywall is based on the value of the cryptocurrencies backing SuperNET, but not the assets added for free.
https://bitcointalksearch.org/topic/m.8735738 explains in a bit more detail.

SuperTraders

SuperTraders are a team of cryptocurrency traders with a proven track-record of returns. Their aim is to increase SuperNET’s NAV through trading on different exchanges. They hold a maximum of 10 percent of SuperNET’s working capital, or around 570 BTC. Their capital is awarded incrementally as they increase their own bankrolls through successful trading, thereby increasing confidence and limiting downside risk. Each time they increase their bankroll by 50 percent, SuperNET also increase their available funds by 50 percent. The aim is to allocate the largest bankroll to the SuperTrader with the largest and most consistent gains.

More details: https://bitcointalksearch.org/topic/m.8751621

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[INFRASTRUCTURE]

SuperNET nodes

SuperNET’s infrastructure is a network of servers (nodes), that are publicly visible and will be used to store files in the cloud as well as relaying transactions and messages. If you are able to help set these up and maintain them, please contact Azeh on the bitcointalk forum.

James:

As we get closer to initial release with core functions, we need to have the infrastructure, especially MMatrix. So SuperNET contracted for 10 mega servers to start and will probably get a lot more. For people concerned about the “Instant” of InstantDEX and core capacity of DHT this solves that, as the best software running on snotkitten class hardware will just not provide the performance people will expect.


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[Calling SuperNET]

SuperNET’s functionality will be available via a series of API calls.

A ‘passthru’ API call has been added to allow non-SuperNET core coins to access the features of SuperNET. This adds enormous versatility to SuperNET, in that any coin community can now customise it and use it for their own coin, if they wish.
James writes, ‘If there are specific functions that you want to make into SuperNET API, you can code it up and I can merge it in. In SuperNET.conf, the “coins” array describes how to interface to a coin’s daemon and there is a bitcoind_RPC function that invokes it via RPC, so within SuperNET you can call your daemon and encapsulate this in the SuperNET JSON API. Once your coin/service has an API, then with an HTML5/Javascript panel in the SuperNET GUI, all users of SuperNET will have direct (and easy) GUI access.

‘Just like we enhance the NXT GUI into SuperNET, any coin can enhance the SuperNET reference with their own features. Assuming it is a cool feature then SuperNET would be wanting to make it part of the reference release.
‘I think with a “passthru” API that sends the JSON to a coin daemon (even remote), it will simplify coins connecting up to SuperNET. They can update (or fork reference SuperNET GUI) and enhance the SuperNET with their coin’s features. Only their community would have all the code needed to use their coin’s functions. For the ones that have functionality that we want in the core, it then becomes a matter of merging the code and putting it into the reference implementation.’

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[Bug hunting rewards]

There are big bug hunting rewards available for anyone who can identify significant bugs in the SuperNET API. Rewards of UNITY will be paid out to anyone who can find problems, with a sliding scale of amounts. Rewards will be paid out at the end of each week to bug-finders and will continue for 5 weeks (until early January 2015).

Interested? PM noashh or jl777.

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[ICO]

SuperNET fundraising process: CLOSED

If you still have TOKEN you must redeem to get dividends
If you have TOKEN on NXT AE, send it to: NXT-7Y5B-J8LQ-SL5P-3ULFL (alias: RedeemTOKEN)
It will be converted to SuperNET and sent back to your account. This is done via a manual process run by valarmg

[Official Funds Raised Report]

Sep 23rd
bter 303370.1402 + NXT AE 267873 TOKEN = 571243.1402 TOKEN

1201.4874086 BTC, 13836576.42463729 + 33252122.74985353 NXT, 37559.38107027 BTCD, 713706.73861822 CNY, 5403 VIA, 435658.49 VRC

1201.4874086 BTC
BTCD rate 0.01252290 BTC 37559.38107027 = 470.3524 BTC equiv
NXT rate 0.00007890 BTC   47088699.1745 = 3715.3 BTC equiv
VRC rate 0.00014073 BTC   435658.49 = 61.31 BTC equiv
VIA rate 0.00029967 BTC   5403 = 1.6191 BTC equiv
CNY rate ¥ 2486 per BTC 713706.73861822 = 287.09 BTC equiv

total BTC equiv = 5737.1589

Total UNITY issued

A total of 816061 SuperNET (UNITY) has been issued.



Trustees:
CNY - Bter
BTCD - Azeh escrow acct RA7FDvaNFXZNLqosSbCWFbypuvijJNQw5J
BTC - effectsToCause (VRC), coinsolidation (BTM), crypto_zoidberg (BBR) ...

Escrow Details
https://bitcointalksearch.org/topic/m.8748412
Requestor - jl777
Approver - cobaltskky
Authorization Committee of 7:
Dom P - NXT-CFAC-X7CW-XQPV-4L23K
EvilDave - NXT-BNZB-9V8M-XRPW-3S3WD
EmoneyRu - NXT-ZRWH-CXFE-VSZT-2XXMV
n3lz0n - NXT-WFTS-BJQR-3V25-6S65F
Steve - NXT-WDEZ-CJW6-LHSZ-6RGA2
idev - NXT-DBAP-72UC-VQSY-HQ5HY
VanBreuk – NXT-RQYG-UPJP-HMMH-7WHFZ

Bonus plan for jl777

2 bonuses of each 5 percent of UNITY will be paid to James if the following conditions are met:

1. A tripling of market cap by the end of 2014.
2. A tenfold increase in market cap by the end of 2015.

The 3x Bonus threshold is 5737.1589 * 3 = 17211.4767 before end of 2014
The 10x Bonus threshold is 57371.589 before end of 2015

If the conditions are not met, the 5% UNITY will instead go into SuperNET as working capital.

VOTING DETAILS: https://bitcointalksearch.org/topic/m.8916442

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[A few more links]

https://twitter.com/Jl777News
http://jl777news.tumblr.com/
https://www.facebook.com/jl777official
https://twitter.com/thesupernetorg
https://twitter.com/pangeapoker

SuperNET acct.
http://nxtreporting.com/?ac=9918441724915080500

SuperNET holding acct.
http://nxtreporting.com/?a=NXT-USU4-92UY-KEYT-4H649

Funding request thread
https://nxtforum.org/unity/supernet-funds-request-authorization-thread-official/

ShortUNITY
https://nxtforum.org/assets-board/shortunity/

CMC asset market
http://coinmarketcap.com/assets/views/all/#BTC

Prediction Markets
https://www.fairlay.com/predict/registered/new/supernet-in-top-10-of-coinmarketcap/
https://www.fairlay.com/predict/registered/new/supernet-in-top-5-of-coinmarketcap-before-2016/



Tech Tree in the works: