Having the money in escrow is nice and all, but putting $1m in James' pocket right away sounds ridiculous.
Am I missing something?
James will lose his 1 million dollars if superNET fail.
He puts money in it because he believes in it.
It's simple as that.
They are not "his". They are the money raised by
this funding campaign.
No. This funding campaign have nothing to do with any of the following project : InstantDEX, Tradebots (NXTcoinsco), NXTprivacy, Privatebet, cryptocard, NXTventure, jl777hodl.
He is not taking money from the superNET ICO.
superNET ICO ≠ James assets
He takes his money from assets and invest in the superNET ICO.
Ok now I am confused - "He takes his money from assets and invest in the superNET ICO"? Does it mean he will invest these assets or commit these assets to SuperNet without asset owner vote? sharkfund0 and jl777hodl are basically funds so my guess is that is fine but NXTPrivacy, Privatebet are not. so will james be seeking vote for the assets?
Or the money from ICO will be used to buy these assets and add to the fund?
Or he will use his own money to buy these assets and donate it to the SuperNet ICO?
So much confusion.
I already have these assets
I will be transferring them into the SuperNET acct from my personal acct shortly
For 2000 BTC of assets I am only assured of getting 10% of the SuperNET assets, if 5000 BTC is raised, this is 500BTC worth of SuperNET asset for 2000 BTC worth of core assets. Not so good of a deal, so I ask for bonus of 5% + 5%.
Then I will get another 250BTC worth of SuperNET assets if SuperNET is top10 coinmarketcap before end of this year and another 250 BTC worth of SuperNET assets if SuperNET is top5 coinmarketcap before end of next year.
These 250 BTC values are the NAV based on 5000 BTC raised. Of course if SuperNET is top5 coinmarketcap, then it is all worth 10x so I will have made 5000 BTC from these bonuses. This is a very good incentive for me to work very hard to achieve this result!
Is it fair that I make so much money? With the TOKEN investors making 45000 BTC during this, I feel it is more than fair. I am risking 500 BTC worth of assets as I am confident that Top5 will be achieved. The other extra I am viewing as a donation to help the SuperNET be more powerful.
I always try to make the deals a win/win. I only win if the other party wins.
James