I will be making two assets, one will be called TOKEN with 0 decimals and it will have a price range of 0.01 to 0.0115 BTC
The price starts at 0.01 BTC and linearly goes to 0.0115 over two weeks (14 * 1440 minutes) so each minute there is a small increase in price. At each minute there will be 1000 TOKEN available in each supported currency any unsold will carry over to the next minute, with a cap of 5000 TOKEN.
For non-BTC sales, a conversion rate is calculated using a slow moving average (eg. 24 hours) so somebody would have to be pushing the price for an entire day, just to get a lower effective price for their TOKEN. Clearly not practical. The NXT and BTCD conversion rate is adjust with the 5% bonus and the TOKEN is made available just like for BTC.
In the event fiat denominated TOKEN is available, the conversion process is used like described in the previous paragraph, but without any 5% bonus.
On the 14th day to the 26th day, a test is made to see if 3% of the total has been raised that day. If not the process stops 2 days later. 28 days is the max duration.
At this point I will purchase TOKEN at the 0.0115 BTC price using the my core assets and any other InstantDEX that is made available using the coinmarketcap price - 1/2 of the 24hr change. this is an easy to calculate average of the current price and 24hrs ago. The asset prices are more stable so using a reasonable market price average and as balanced of set of assets, but not exceeding 10% of TOKEN, I get my TOKEN. All excess TOKEN will be burned at this point, though it doesnt really matter as TOKEN is only good for a 1:1 swap with SuperNET asset. I am not sure if the exchange fee is coming when the donation is made or whether I am doing it at this point by issuing some SuperNET to cover the trade commissions. In any case, it will be something like 0.2%
Now I can issue a matching number of SuperNET asset with 4 decimals and it is exchanged for the TOKEN on a 1:1 basis.
And the trading begins
James
P.S. A simplified version of the price changing could be done on NXT AE like shortNXT does, eg. if there is some big price change. At the exchange, it is just a 1:1 dividend, so it is pretty simple using NXT AE.
P.P.S. I think similar to sharkfund0, for those just allergic to any exchange, I can accommodate larger purchases with non-standard crypto on a case by case basis, but without any special bonuses and if it is non-standard crypto, I might even ask for a discount. This will get some diversification to the SuperNET portfolio, and I dont think it will be used that much, just something that is available in those rare cases.
When will the launched day and time be announced and how much advance notice will we be given?