Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SuperNET - ICO conducted by Poloniex
by
jl777
on 03/09/2014, 22:11:48 UTC
DRAFT doc for SuperNET is at http://209.126.70.170/SuperNET.pdf
feedback appreciated

after the feedbacks and revising, this will be posted on OP

I have some info on the donation process. There will be a TOKEN that is purchased to represent a BTC value. The price of this token is gradually increasing over time. Based on the trailing average price, the prices in other currencies will be made to match the BTC price.

This way the bonus amounts are built into the purchase price the moment of purchasing. The amount changing per minute is 15% / (1440 *15) so it is small satoshis gaining each minute. The actual price of the TOKEN is not so important but I think it is good to allow for even small donations so I think 0.01 BTC is a good starting price. Then over two weeks this gradually goes to 0.0115 so there is no reason for big rushing at the beginning

James