Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SuperNET - ICO conducted by BTER + ...
by
jeezy
on 23/09/2014, 20:33:20 UTC
Assuming the Bonus plan is passed, a total of 816061 SuperNET (UNITY)

Where did you get 816061? Shouldn't it be the TOKEN sold (571243) + 10%?

Yeah, a more detailed explanation is needed.  I was not expecting that much total UNITY even after the bonus conditions are met.  That's way more than the 20% max dilution previously proposed.

652849.2402 TOKEN sold.
Of the total UNITY issued, SuperNET gets 10% and another 5+5% are held as James' bonus. So:
652849.2402 = 80% UNITY
652849.2402 / 80 * 100 = 816061.

I just missed out on 0.1%

Edit: 10% for SuperNET, not James!

Ok, now I'm a bit more confused.  I thought the total TOKEN sold was 571243.1402.  Where did the 652849.2402 come from?  And why is the 20% added to this number instead of the 571243.1402?



816061 seems to be 571243.1402 + 30%, right? 10% is put inside itself as working capital? 10% (5% +5%) is kept in reserve for bonus conditions. And the other 10%? Not questioning this, just can't remember the original conditions so just looking for clarity.


10% for me
10% for SuperNET
10% for bonus in reserve
70% for TOKEN owners

TOKEN owners currently own 7/8'th of SuperNET as the 20% for SuperNET and bonus reserve are not dilutive

keep in mind the TOKEN owners put in ~5700 BTC and I put in ~3000 BTC of assets, so on a prorata basis I would have 34%


Thanks for explaining this again. I think most of the Stakeholders got it by now.  Cool