Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SuperNET - ICO conducted by BTER + ...
by
ShortBTCD
on 22/09/2014, 18:02:59 UTC
Forgive me if this has been addressed elsewhere, but does the new bonus provision control for the possibility of a follow-on offering?  Such an event could significantly increase the SuperNET market cap (possibly triggering the bonus(es)), without benefiting existing UNITY holders on a per-token basis.  I wouldn't expect James to contemplate such a maneuver surreptitiously, but at the same time, a follow-on offering may at some point make sense, and it would be a shame to have the appearance of a conflict of interest in major financing decisions.

A simple tweak might be to explicitly compare the market cap of only the ICO-issued tokens, not any that may be subsequently issued.
There are no plans for any such follow on offerings. In any case such a thing would require its own vote and if it is prior to the end of next year, we can always adjust the 3x and 10x to be the price of each asset, instead of overall marketcap.

James

Good enough for me.