I'm left a bit confused with the SuperNetwork IPO.
1) I had initially understood that BTCD would be the coin to unite other coins. That it would be the platform. But it seems it is not. Instead is it the SuperNet.
Given that the SuperNet is/will be greater than any other coin, does it make sense to buy BTCD when I can just buy SuperNet "shares" instead?
I can still see the value in BTCD, but it's importance seems to become reduced.
Since the SuperNET is combining of many other coins, BTCD is a smaller percentage of the total SuperNET, but it is hoped that it is better to have a smaller percentage of a larger thing.
2) how will the SuperNet IPO dilution work?
Will the IPO mean 100% of SuperNet value? I mean if during the IPO 100 BTC are sold, then that means if I gave 1 BTC I will have 1% of the SuperNet shares?
correct in concept, there will also be NXT and BTCD and my assets and there are early bird bonuses that are adjusting the exact percentages
3) what exactly will the SuperNet "shares" be?
It won't be a coin, so it must be something else.
With coins I know where I'm at. I can buy things and exchange for other coins.
But with derivatives, I have problems trusting them. THis both in crypto world and wall street world. They feel like gambling.
Where is the underlying value? Will the SuperNet "shares" give BTC dividends or something like it?
NXT asset, which can be used to trade against NXT in the NXT AE and against other assets via InstantDEX. The SuperNET asset will be getting dividends from the revenues it gets, so BTC, NXT, possibly denominated in other coins in the SuperNET core. The total price being paid for all these future dividends during the SuperNET IPO is ZERO. There is no premium being paid for this future revenues. I explained it here:
https://bt.irlbtc.com/view/762346.msg8614357#msg86143574) Am I correct in understanding that the SUperNet will act as an altcoin exchange? Cheaper than current altcoin exchanges?
One of the services of SuperNET will be InstantDEX which will allow trading of any asset against any other asset. Since there are MGW assets for altcoins, this creates the ability for an altcoin exchange by trading against mgwBTC. However this requires that the altcoin supports MGW and many coins are in the process of getting supported. Alternatively it is possible to do direct telepod swaps or even subatomic swaps, but these are for some future time as the basic functioning is the first priority. The NXT AE is already operational for months and this is 1 minute blocktime and trading against NXT, so it is fine for many things, but for somethings not quite right
Sorry for all the questions. But I'm having a hard time sinking in so much information and concepts. And I'm probably not the only one left confused.
Thanks.
I have some people who are promising to make easy to understand documents and charts, so maybe it is best to wait for such things before the investing