[Proposed Change in Terms]
I would like to propose change the terms of the fund raising. I made an error in limiting the core assets to 10%, but it is impossible to know how significant this factor was in people's investment decision. In my mind, the SuperNET is optimal when it has the financing, revenues and advertising in balance and there is no way to achieve that based on the current funding levels.
I aim to solve this by guaranteeing to put into SuperNET a minimum of 241485 assets (24.15%) for all three core assets:
InstantDEX 241'485 1'000'000 24.15% 49 44.5 (has 30% of NXTventure) = 7.245%
Tradebots 241'485 1'000'000 24.15% 27 20 (has 18.5% JLH) = 4.46%
NXTprivacy 241'485 1'000'000 24.15% 40 39 (has 30% cryptocard + 60% Privatebet) = 7.245% + 14.49%
With 24.15% of each of the above three core assets, there is the following percentage that will be directly or indirectly owned:
InstantDEX 24.15%
Tradebots (NXTcoinsco) 24.15%
NXTprivacy 24.15%
Privatebet 14.49%
cryptocard 7.245%
NXTventure 7.245%
jl777hodl 4.46%
InstantDEX 10746082 NXT + Tradebots 4829700 NXT + NXTprivacy 9417915 NXT = 24993697 NXT @ .00008 = 1999.49 BTC
Current market value is right around 2000 BTC or around $1 million USD.
Now at current funding rate, this is about 30% of SuperNET, but I ask only for the following to be voted on. If this vote is rejected by majority, then my 2000 BTC of assets still stays and my percentage is the same at 10%.
If not rejected, 70% of SuperNET assets to match TOKEN and 30% of SuperNET assets are to be allocated as follows:
10% for the SuperNET account to be used for working capital, incentives/bounties, cryptoretsu, etc. These assets do not dilute the investors as the asset is owned by SuperNET itself and it will be used for maximizing the value of SuperNET
10% to jl777
performance bonus for jl777:
5% if Top 10* coinmarketcap is achieved before end of 2014
5% if Top 5* coinmarketcap is achieved before end of 2015
(*) must be at or above this position for a full 24hrs
In the event a marketcap milestone is not achieved, then the conditional bonus percentage would go to the SuperNET account to be used as above.
The maximum dilution with the above is 20% and that is only if SuperNET is achieving a Top 5 marketcap and a likely 10x. So, I am putting my money where my mouth is. It is possible to miss the Top 10 by year end 2014 and still achieve Top 5 by year end 2015.
My goal is to make sure SuperNET is as powerful as it can be and this requires balance. I believe that the above plan benefits the SuperNET assetholders due to the creation of a source of working capital and incentives and I hope that upon achieving the 3x and 10x that the marketcap triggers require will make everyone think of happy generous bonus, though its not really a bonus as I will have already put more than 20%.
If you are asking why I would do such a thing, the answer is that I do my best to ensure good results for people who trust me with their money. Even if this means personally putting in $1 million USD.
Now I do not feel that the SuperNET will end up imbalanced and this alone is worth it. Of course I hope that my proposal wont be rejected. If anybody sees some improvements to be made, please post them before it is too late! Unless there is an outcry against this proposed change I will enact it. Since this is a change totally in the favor of the people with TOKEN and they will decide whether to accept the change from 10% to 30%, I feel it is acceptable to do, even though fund raising has started. To prevent any sort of arbitrage against the NAV buywall, the NAV will be calculated excluding the value of the core assets and the number of TOKEN instead of UNITY. I believe that is the correct method.
James
Where is the vote taking place?
This is a major change to the conditions. I don't know that I would invest if they were such originally.
vote will be between the end of funding and start of trading
If you do not like the new terms, it is probably best to sell the tokens, all the current holders should get into profits into the coming days as the official price continues to rise.
most people seem to like getting a large amount of core assets, so this is looking likely to pass
if you are patient, you will be able to exit at breakeven or even a small profit. Alternatively you can use the NAV buywall after trading starts
James
