What's the price Unity/BTC has to be in for James to receive his bonus?
.02109 btc
From OP:
Bonus plan for jl777
2 bonuses of each 5 percent of UNITY will be paid to James if the following conditions are met:
1. A tripling of market cap by the end of 2014.
2. A tenfold increase in market cap by the end of 2015.
The 3x Bonus threshold is 5737.1589 * 3 = 17211.4767 before end of 2014
The 10x Bonus threshold is 57371.589 before end of 2015
for nxt, big buy order at 290,
move on and good price.
a bonus of 5% .. am i missing something? thats $250,000 USD of todays market price, then another one in 2015 is another $250k.. half a million dollars.. thats 10% of the entire supply. should be more like 1%
To be fair, this project is truly ground breaking. This isn't your typical bitcointalk shitcoin clone pump and dump garbage.
and i support the project. but 5% at 3x would equate to 330k usd, and 5% @ 10x would be 2.5million dollars USD, now i believe in it and all. but i believe 2.83 million USD is an absolute absurd amount of money as a bonus. 1% would be enough. considering he already owns a huge portion of supernet and btcd. 10% is way over the top, what if we give him 1% and the other 9% can be spent where it is needed, like graphic designing of websites and GUI's and marketing. as all those areas are severely lacking.
a strong marketing plan is needed, this is looking like a 50grand project not a multi-million dollar asset.
like technically right now if james was that way inclined he could grab 30btc and boost up UNITY on bter to above 3x levels, its not hard, then collect 330k usd. now im not implying at all that he would do that, im just stating. what are the rules, does unity have to be stable @ 3x levels or just hit it and dump?
There's already a big marketing budget allocated, so no need to worry about that at the moment.
It's a performance based reward, so it's mutually beneficial for both holders and James. It's his idea, his tech that he's open sourcing, mainly his work at least for now. 1% is ridiculously low, even now with this year's bonus being shared if it's hit it's only potentially 5% if UNITY rises 10x in 2015(which is quite the target). Not to mention if these targets are hit the value of the assets that he transferred will have had to appreciate in value significantly as well and something like InstantDEX which will be integral for SuperNET will be providing cash dividends.
You mention the USD value of the equity and feel that the amount in itself is outrageous, but when you consider that it's only awarded when the market is valuing UNITY at 8 figures, it's not really that much.