SuperNET

Information for prospective volunteers

jl777, 3 September 2014
Volunteers are sought to join SuperNET. Participants will need to pay their own way and will not
receive any salary, office space or perks. There will be no guaranteed rewards for participants
ti!e, effort and co!!it!ent, other than a cryptoToken denoting SuperNET !e!bership in
proportion to the a!ount of their donation.
There is, however, a chance to change the world forever.
Introduction
The suite of technologies popularly known as cryptocurrencies offer significant a!antages o!er fiat
currency, incluing low transaction costs, spee an lack of interference from centralise authorities
such as go!ernments, banks an payment processors" #e!ertheless, their wie$scale aoption has
been hampere for a number of reasons % some of them e&ternal to the cryptocurrency worl, some
internal"
'ne of the major problems has been that cryptocurrency e!elopers an enthusiasts typically ahere
to a (ero$sum economic worl!iew) the assumption is that there is a finite amount of money in the
system an for one cryptocurrency to succee, it must be at the e&pense of others" *hilst this may
be true for some fiat markets, it shoul not be the case at this stage of cryptocurrency+s swift an
promising e!olution" The result is unnecessary competition between coins an their communities,
rather than proucti!e collaboration"
, relate issue is that while there is remarkable inno!ation -not least the e!elopment of .itcoin
itself/, there are also a large number of clone coins that are create with little or nothing to
istinguish them from other cryptocurrencies" The sole aim of these is often no more than to enable
early aopters to profit at the e&pense of later ones" These coins % copies at best, outright scams at
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worst % reuce o!erall confience in cryptocurrency an make it ifficult for prospecti!e buyers to
etermine where true !alue lies"
0inally, cryptocurrencies are all trae speculati!ely as well as being aopte for any intrinsic
benefits" 1arkets can be an are hea!ily manipulate by large holers, with smaller holers often
losing out as a result"
Super#2T -cryptoToken symbol 3#4T5/ is a new initiati!e that aims to aress all of these
problems" 4ts purpose is to)
3nite isparate cryptocurrencies by fostering collaboration
6ewar inno!ation, talent an acti!e coin communities
Share resulting benefits with core members an e&ten a!antages to all cryptocurrencies
.ring !alue to long$term Super#2T participants
Risk factors
Super#2T is a !olunteer mo!ement an there is no guarantee that participants will profit financially
from their in!ol!ement" Super#2T+s goal is to bring about greater unity, inno!ation, awareness an
aoption of cryptocurrency technologies both within an outsie the e&isting cryptocurrency worl"
SuperNET is not itself a cryptocurrency. There is no guarantee that any of the interlinke ser!ices
inclue in the Super#2T core will generate any re!enues, e!en in the cases that these ser!ices are
alreay operational an profitable" #either is there any guarantee that any of the cryptocurrencies
purchase by Super#2T will increase in !alue, or that they will not epreciate o!er time, incluing
losing all !alue whatsoe!er" The impact of any future regulation or technological e!elopment
coul theoretically rener Super#2T tokens worthless at any point" 7articipants onate to
Super#2T at their own risk an without e&pectation of financial return"
What is SuperNET?
Super#2T is a mo!ement of !olunteer participants who will onate their time an money to support
a raical new cryptocurrency initiati!e" Super#2T itself is not a cryptocurrency" 7articipation in
Super#2T an istribution of any re!enues it may generate in the future will be enote by
ownership of cryptoTokens gi!en in e&change for onations" -1embership may later be passe on
by participants to others, in return for a further onation to the original participants if esire" This
acti!ity will be facilitate by traitional cryptocurrency e&changes"/
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The iea behin Super#2T is simple but powerful) to create a mutually beneficial network of coins
that offer real inno!ation" 4t will take the form of a basket of key cryptocurrencies an re!enue$
generating ser!ices"
Super#2T plans to achie!e its aims by ac8uiring a significant -10 percent market cap/ stake in
participating coins with promising technology, aing further !alue by cross$marketing their
features an pro!iing aitional ser!ices"
The features of each core coin will be mae a!ailable to all of the others through a 934 embee
in the wallets of participating coins" Super#2T participants an core coin communities may
potentially be reware by goowill payments similar to i!iens from a series of integrate
linke ser!ices, as well as through any possible appreciation in !alue to the core cryptocurrencies
brought about by the collaboration an sharing of features an ser!ices" "nly coins that bring one
or !ore uni#ue features to the network will be added to the core, though any other cryptocurrency
can benefit from these features on a thir$party basis" -0or e&ample, :itecoin woul not be eligible
for aition to Super#2T" ;owe!er, it woul still ha!e access to Teleport, 4nstant<2= an other
ser!ices % see further below"/
3ltimately, it is hope that Super#2T will attract greater talent an wealth into cryptocurrency from
fiat, strengthening cryptocurrency o!erall by rewaring inno!ation, talent an commitment"
Super#2T is not esigne to replace .itcoin or any other cryptocurrency, but to enable
cryptocurrency to compete more effecti!ely with the fiat economy" This is the cause to which
participants commit themsel!es"
A new model of participation
2thereum+s launch attracte in!estment of many thousans of .itcoins" This was blame for a
prolonge an eep bear market among most altcoins, which holers sol for .itcoins to buy 2ther,
as well as a fall in .itcoin prices in anticipation of 2thereum selling these .itcoins to pay its bills"
>ryptocurrency launches are fraught with risk, e!en when there is a real coin to back any money
pai in a!ance by intereste parties" 4f too many people are intereste in the cryptocurrency, the
coin may ne!er reach the !alue of its pre$launch funing % or may immeiately be umpe for
profit on release" *ith most coin launches, a large inflow of funs effecti!ely ilutes the !alue of
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each recipient+s share an there is the likelihoo of e&treme !olatility following launch"
Super#2T % which will operate as a cryptoToken -namely a #=T asset/ rather than a
cryptocurrency in its own right % will work in a completely ifferent way" ,lthough the amount of
money accepte from its participants in onations will be uncappe, a larger flow of capital into the
asset will not ilute each partcipant+s membership share" 4n fact, the greater Super#2T+s market
cap, the greater the potential benefits for e!eryone, an for cryptocurrency o!erall"
Super#2T aims to hol 10 percent of the market cap of its core cryptocurrencies) those which offer
genuine inno!ation an strong potential" The more money is raise, the more cryptocurrencies can
be ae to Super#2T" -,t the time of writing, for e&ample, .oolberry+s market cap stans at
aroun ?400,000 an a 10 percent share % alreay obtaine % woul cost only @0 .T>" .y contrast
10 percent of #=T+s market cap woul cost A,@00 .T>"/
.ecause Super#2T is backe by the cryptocurrencies comprising it, there is lower risk of the price
crashing below the purchase price after launch, since its participants woul effecti!ely be selling the
unerlying currencies at less than market rate" 4f a participant commits 1 .T> to the project, this
will be backe by 1 .T> worth of cryptocurrencies -incluing .itcoin itself, since a large
proportion of funs will be recei!e an hel in .itcoin/" This is true whether the total funs
recei!e are 100 .T> or 10,000 .T>) participants simply own a smaller share of a larger fun"
3#4T5 therefore takes the form of something more like a close$ene mutual fun than a
traitional cryptocurrency offering) it is anti$iluti!e, an the more money is collecte the more
powerful Super#2T will be through network effect, increase awareness an impro!e purchasing
ability"
<ue to the a!antages of being a part of the Super#2T core, it is possible that the unerlying
currencies will rise in !alue after their aition is mae public % as was the case with .oolberry
-..6/" -0or this reason, prospecti!e coin applicants will not be announce until their inclusion is
fully confirme" This woul make purchasing the re8uire 8uantity prohibiti!ely e&pensi!e an
lea to insier traing at the e&pense of e&isting holers" This also acts as a test of the coin
e!elopers+ integrity) no coin can be pumpe in a!ance of its claime aition to Super#2T" Such
a price rise woul be immeiately recognisable an will likely be grouns for is8ualification from
inclusion in itself"/
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Additional revenue-generating services
4n aition to this percei!e ownsie protection, the book price of 3#4T5 oes not take into
account any of the re!enue$generating potential pro!ie by the aitional ser!ices that will be
inclue an cross$markete to each other"
These ser!ices will initially eri!e from #=T assets onate to Super#2T by jl777, as well as one
or two other sources such as Teleport an a!ertising re!enues -see further below/" The current
market !alue of these personal #=T assets is currently aroun B0 million #=T, or 3,700 .T>"
.ase on the amount raise at Super#2T+s launch, between 2A an A0 percent of the re!enue from
these assets will be returne to Super#2T participants in the form of gift payments -or Ci!iens+/
to thank them for their support"
,lthough there nees to be some fle&ibility in the allocation of re!enues, Super#2T holers will
not receive less than ! percent of net revenues" The Cnet+ re!enue will be 100 percent for internal
i!iens" There may be e&ternal ser!ices, howe!er, which pay only a percentage of re!enue to
Super#2T" To clarify, at least half of the raw !onies flowing into SuperNET will be guaranteed for
$N%T& participants.
1ost of the complementary an interlinke ser!ices are currently operational or ha!e an e&pecte
completion ate within the ne&t si& months" -Some, like 7ri!ate.et, are open$ene, since new
features can continually be ae"/ Ser!ices currently inclue)
Teleport" This is the core pri!acy technology that unerpins .itcoin<ark -.T></" Teleport is
currently in beta$testing" 4t will permanently be a!ailable for free to .T><, an will initially be free
for other cryptocurrencies" 0rom ne&t year it will begin to charge small fees for non$Super#2T coin
transactions" .itcoin alone opens a potential market o!er a thousan times larger than .T><+s own
current market cap" -0or more information on Teleport see the .T>< threa on bitcointalk"/
Instant#E$ -#=T asset i) 1A344B4DDB374@@4@7DD/ will enable near real$time traing between
cryptocurrencies" ,s well as regular traing, it will be use to trae anonymous telepos of ifferent
cryptocurrency funs when Teleport is fully operational" -#egotiations are currently unerway to
increase Super#2T+s ownership of 4nstant<2=, thereby also increasing the flow of 4nstant<2=
i!iens into Super#2T"/
A
Trade%ots -#=Tcoinsco) 17A717112D27@AD02AA@/ enables the creation of custom traebots for
specific markets an other uni8ue applications using a Turing$complete scripting language" These
will be use to trae an mo!e telepos on an off the rele!ant blockchains, amongst other uses
such as arbitrage in markets ientifie by intereste ini!iuals"
Sharkfund! -300B420A@1D237047A7/ is a traing fun that aggressi!ely targets high$performing
assets" To ate it has returne 300 percent in three months" Sharkfun0 owns 11 percent of all
.T>< an 10 percent of ..6" 4t also has 20 percent of #=Tpri!acy, 10 percent of 4nstant<2=, 12
percent of jl777hol -E:;/, an aroun 10 percent of the >oinomat asset" Sharkfun0 is manage
by jl777"
SuperNET card -cryptocar) 7110D3D3D@14AAA3A@A/" <ue for launch by >oinomat later in
September or 'ctober this year, the Super#2T car will allow owners to sen .T>< straight to the
aress on the car an withraw as cash from any supporte ,T1 % enabling completely
anonymous cash withrawals" The car will also support #=T an other Super#2T coins" -*ith an
autocon!ert ser!ice it coul effecti!ely work for any cryptocurrency"/
&rivate'et -170@3334@02BBB4A04@4/ will allow ini!iuals to make escrowe bets irectly
between each other" 4t will be esigne to support 727 sports betting an casino games" 7ri!ate.et
creator jl777 has recently won an auction for the technology that will enable a new !ersion of the
highly popular Satoshi<ice game, which lost many users ue to switching from unconfirme to
confirme transactions" The new technology will a!oi this problem an hence access a known an
acti!e market"
N$Tprivac( -17D117B2A72@114B7B37/ hols a series of pri!acy$relate assets, incluing A0
percent of 7ri!ate.et" Teleport re!enues will flow through #=Tpri!acy" 4t also hols 30 percent of
the Super#2T car asset, representing 0"3 percent of all the car+s transactions"
Targeted advertising, using a moel similar to 9oogle+s ,*ors" This will allow website
aministrators to ser!e a!erts irectly to the cryptocurrency community, with re!enue being
returne to Super#2T participants"
4t is possible -though by no means guarantee/ that these re!enue$generating ser!ices alone might
result in a 2$A& multiple on the book !alue of the unerlying currencies purchase ue to the high
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potential for future re!enues" 4f this is the case, participants will recei!e this premium for free in
return for their work, commitment an trust in Super#2T" 'nly one percent of the total amount
collecte will be retaine for marketing, e!elopment an inciental costs" Thus the book !alue of
3#4T5 will be 101 percent of its unerlying cryptocurrencies -which will, in any case, be
purchase at below$market rates/" This one percent premium represents a low risk gi!en the
potential immeiate upsie, let alone long$term re!enue prospects"
2ach new cryptocurrency ae to the Super#2T core will bring its own features an ser!ices,
generating further re!enues for participants an for the coins+ communities"
Participants are strongly reco!!ended to do their own due diligence on each of these assets and
services, and any further ones brought to SuperNET by new coins. 'owever, the services above are
designed to be uni#ue but !utually reinforcing, so that if any single one fails the others will still
operate and the whole will be greater than the su! of its parts. Prospective participants concerned
about the ti!escale for co!pletion of the key technology underpinning SuperNET are urged to visit
jl(((s code repository for Teleport and other critical features. The )ultigateway, N*Ts distributed
cryptocurrency e+change created by jl(((, is in late beta and is actively used by the cryptocurrency
co!!unity. ,urther infor!ation on !any of the N*T asset services can be found on the
N*Tventures thread of N*Tforu!.org. -egular updates about the progress of relevant projects are
given on N*Tforu!.org and on the bitcointalk .T/0 thread.
)ow will the revenues %e distri%uted?
The suite of ser!ices in!ol!e means that there may be opportunities to create significant future
prosperity from Super#2T, whilst the ownsie is ieally protecte by the -albeit !olatile/ !alues of
the unerlying cryptocurrencies" These will ha!e been purchase at below$market rates an may
appreciate simply ue to their inclusion in Super#2T"
4f the core cryptocurrency is proof$of$stake, the stake funs will be returne to the community
rather than retaine by the Super#2T asset" This will rewar both the coins+ networks an early
aopters, inirectly boosting Super#2T an the state aim of strengthening cryptocurrency o!erall"
6e!enues recei!e from the ser!ices etaile abo!e an any others ae by participating
cryptocurrencies will be istribute in the following proportions)
A percent for .T>< stakers, !ia an associate #=T aress
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A percent for #=T core e!elopment
A0 percent for Super#2T participants
10 percent will be reser!e for o!erheas an managing the Super#2T asset
The remaining 30 percent will be allocate on a iscretionary basis to further core coin
communities an for aitional e&penses an in!estment in important constituencies, such as those
running noes for core coins an other elements of the Super#2T an cryptocurrency ecosystem
that re8uire strengthening" 4n the earlier stages, Super#2T coin communities will recei!e a higher
percentage of this re!enue in orer to front$loa in!estment in the technology an marketing
unerpinning each coin" 6e!enue for each coin will be proportional to each coin+s contribution to
o!erall re!enue" 0or e&ample, if a gi!en coin generates 10 percent of Super#2T re!enue, they will
recei!e 10 percent of the re!enue share allocate to coin communities an e!elopment"
Some fle&ibility is re8uire since profits, participating currencies an future re8uirements cannot
accurately be preicte" <iscretion is also re8uire in allocating the re!enue to ma&imise the long$
term !alue of Super#2T" ;owe!er, it is worth noting that the moel presupposes a D0 percent profit
margin, ue to the low o!erheas inherent in such an initiati!e an the consierable time an
e&pertise !oluntarily gi!en to the project for free % both by founer jl777 an by participants" 0or
real$worl comparison, profit margins of 1A percent might typically be consiere fa!ourable"
,itionally, the majority of jl777+s personal assets will be onate to Super#2T, making a strong
self$interest case for ma&imising any benefits"
)ow to *oin SuperNET
Super#2T -symbol) 3#4T5/ will take the form of a cryptoToken % specifically, a #=T asset % an
will be trae on #=T+s ,sset 2&change -a!ailable through the ownloaable client or !ia
www"secure,2"com/" The initial collection of onations from prospecti!e participants will be
manage by a esignate e&change" <etails about the e&change in!ol!e an escrow arrangements
will be foun at thesupernet"org" Tokens for 3#4T5 assets will be creite to participants+ account
balances an can be withrawn to #=T wallets" ,t no point will these funs be accessible by jl777,
e&cept for the one percent reser!e for inciental costs"
4ntereste parties can onate with 'T+, N$T, 'T+# or irectly with fiat, through a partnership
with >oinomat" #=T an .T>< onors will be eligible for a A percent bonus) enough to rewar
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these core Super#2T communities but not enough to profit from arbitrage"
Super#2T will also rewar early participation" Those who onate on ay one will recei!e their
3#4T5 assets at 1A percent below book -li8uiation/ !alue" This bonus will incrementally ecrease,
reaching 14 percent on ay two, 13 percent on ay three, an so on" :ater participants in the initial
funraising phase will effecti!ely onate a slight premium to co!er this, though this itself will be
offset by the below$market purchases of the fun an the !alue ae by i!ien payments" 4n any
case, participants onate to support the greater cause of cryptocurrency cohesion an aoption,
rather than to benefit financially from their in!ol!ement"
What will happen to donated funds?
,ny cryptocurrency onate -preominantly .T> but also smaller 8uantities of #=T an .T></
before launch will be hel in escrow, using multi$jurisiction accounts if the amounts raise become
large enough to warrant such measures"
These funs will then be use to purchase shares in the currencies that will be inclue in the
Super#2T core" These core currencies will be hel in col storage or accounts protecte by multi$
sig where possible, to protect participants+ onations" The purpose of this is to create long$term
!alue an ecrease !olatility in the rele!ant markets"
>ryptocurrencies to be inclue in Super#2T will generally be bought off$e&change to secure
below$market prices without causing slippage" The more successful the funraiser, the larger the
market caps of the cryptocurrencies that can be ae to Super#2T"
Trading fund
4n the e!ent that Super#2T raises enough -a minimum of A,000 .T> is suggeste/, a limite
proportion of funs will be use for open market traing" The preceent for this is the jl777 #=T
asset sharkfun0, which acti!ely traes in a series of cryptocurrencies an other assets"
#o more than 10 percent of funs will be employe for open market traing" , series of special
e&change accounts with withrawals isable will be use for security reasons" These accounts will
be use by traers, fune in proportion to their e&perience an skill, to make profits from short$
term fluctuations in the price of ifferent cryptocurrencies" The Traebots asset may also be use to
preict an arbitrage rele!ant markets"
D
The Super#2T traers -known as SuperTraers/ will not recei!e any wages, but will also work
!oluntarily" They will, howe!er, be reware with gifts in proportion to their success" Ten percent of
the gains they make will be set asie for such gifts, with a further one percent set asie as a gift for
the SuperTraers+ !olunteer co$orinator" ,n initial one$off sum will be set asie from gains as a
cushion against potential losses, in aition to this total of 11 percent of gains on an ongoing basis"
-oting to change the initial parameters
4t is possible that the initial parameters of Super#2T will be sub$optimal, in which case changes
will nee to be mae" These will be carrie out after a !ote is hel by Super#2T participants, in
proportion to the 8uantities of 3#4T5 cryptoTokens they hol"
0or more information, see the Super#2T threa or .T>< threa on bitcointalk, or !isit
thesupernet"org"
Important note
4t is !ery important that you stuy local securities regulations issue by your local securities
regulator before participating in Super#2T" *e are not able to research all the worl$wie securities
regulations" 7articipation in Super#2T may or may not be permitte by your jurisiction+s
regulators" *e are not able to confirm your omicile so we will assume your participation is
allowe in your jurisiction if you choose to participate in Super#2T"
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