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.
20% is held by SuperNET itself so it is not dilutive. 10% of that is for the bonus and 10% for working capital
This is why it is called NAV (net asset value), for adjustments like this.
just think of it this way. if UNITY value goes up, SuperNET holds 20% of UNITY, so the 20% dilution caused by this is offset by the 20% gain.
James
Can your or someone explain why SuperNET is going to be holding 10%? You say this amount is not dilutive and should not be considered when calculating value per UNITY, but that only makes sense if it will always be held by SuperNET - and if that is the case, I don't understand the purpose for it to exist in the first place. You say working capital as if it will be sold when needed.
for example, let us assume in a few months a chance to buy 10% of a top10 coin arises. Then this extra 10% could be used for such a swap. Not that all of this will be used for one deal, just an example.
At that point, there would be an extra 10% dilution, but keep in mind there is now 10% worth of this top10 currency
-10% + 10% = 0%
so it doesnt change the value of each of the other UNITY assets
at least at the instant this happens
The goal of course is to create some positive effect from the working capital, so if that works then by doing the deal (only possible with the working capital) it would increase the value of all the UNITY assets.
So as long as the working capital is getting 1:1 value, then it is a neutral effect. If every working capital UNITY is used to get more than it cost, then all existing UNITY holders will benefit.
James