I've been a silent lurker for years (Back to Supernet ICO).
I just have a public comment for James and whoever wants to discuss this.
A lot of the planned functionality of Supernet has been migrated to Komodo, and I feel like Supernet holders are getting the shaft (I can't be the only one?) . Komodo is taking off. Komodo holders also got a JUMBLER drop. Komodo not only replaced BTCD but it also took the technical part of Supernet away- Correct me if I am wrong. And before you point out the obvious- Yes, I know what is good for Komodo is good for Supernet since Supernet will own many of it's Assetchains. And yes, Supernet is way up, but less so compared to almost every other crypto out there. These are all beside the point and I would really like to discuss this.
Part of the price suppression of Supernet is because it's still on NXT, but let's be honest, if it was worth more it would be trading for more. As far as I am concerned, Supernet is currently overpriced per it's ASSET holdings (at the bottom of
http://old.supernet.org/nav.php) because the NAV means nothing if holders can't liquidate out at that price. Assets are currently worth about 3500 BTC, and the cap for Supernet is 6000 BTC.
Think about other ETFs. They trade at NAV roughly because you can liquidate at anytime.
The market is not pricing Supernet at it's NAV, because it's in disagreement that it is a NAV at all.And, to add fuel to the fire, Komodo has years of funds for development due to Supernet investors. Komodo is sucking away at the NAV. Yet, Komodo is getting the functionality promised for Supernet itself. For example, I noticed 20 percent of IOTA is missing from the NAV now.
I hope this doesn't come across at disingenuous. Maybe I am confused.
dont worry, whether the functionality goes into BTCD or KMD it doesnt change supernet's position.
Also, we are not finished yet (I know it has been years, but I did say it is a marathon and would take time).
5Ti was sold for a combination of BTC and BCH, currently this is responsible for a reasonable gain as IOTA has dropped from where it was converted. Also I count about 11,000 BTC of altcoin NAV, not counting any assets into it.
As the largest SuperNET holder, I am well aware of its situation. I think I have done ok with both BTCD and KMD, when I am done activating SuperNET, I think you wont be upset.
Also, SuperNET has about $50 mil of reasonably liquid funds, KMD has much less. not sure how you think KMD is sucking away at SuperNET NAV.
Anyway, I know there is a liquidity issue, but to fix it I need to first get all the revenue producing assets producing revenues.
Thanks for your patience.
