Monday, 25 July 2016

777 #CRYPTO INVESTING #NXT LOL

Mystery one

BTCD and SuperNET sites for more information
Account: NXT-SQ9J-JCAN-8XVY-5XN7K
Asset Id: 13476425053110940554

as I've no time to check atm

4u:

Crypto777

Dividend

James has donated a significant proportion of his new Crypto777 asset (id:     13476425053110940554) to SuperNET. 7.5% / 7.5% / 5% has been donated to SuperNET / NXTventure / JLH, and 24%+ has been sent into the SuperHODL account.

James writes, ‘Yes, I did just put in nearly half of crypto777. It is now the fourth core asset and I didn’t want there to be any resistance for its usage within SuperNET. What is good for crypto777 is good for SuperNET. The crypto777 donated to SuperNET has added  around 30 NXT to UNITY’s NAV’.

Crypto777 is a pipeline asset, and the dividend won’t be made for some time. ‘Current AE orderbook sells need to be cleared and the tech needs to be in beta release or very close’, James writes.

How is crypto777 going to be monetized?

‘There are several ways it can be monetized. It is not officially out yet, I just had a bit of spare time so wanted to get it all in place. It will take some time to get ramped up for the selling of services. It is not a short term thing.

‘The backed and pegged system aims to make a blockchain-enforced mechanism to allow people to get interest on their crypto holdings and there will also be a bid/ask spread built into the blockchain, so these are two sources of monetization.

‘Additionally my idea for providing crypto consulting services to fiat companies, especially with tech like Lchain, well just a few big contracts and it will be making for quite a large cashflow. With the agents system that I will extend to have crypto777 primitives, customizing private blockchain (or even nochain) will be much more efficient than making something from scratch.’

Crypto777 aims to ‘be the tech that solves the final unsolved things about crypto’:

- Blockchain bloat
- Price volatility
- Inconsistent blocktimes
- Too easy to get hacked

‘With the new SuperNET agents system, I am seeing how many parts can be done in a nice and simple way and reducing the scope of the remaining issues, but this is not an easy problem to solve, as a fully decentralized fiat peg is kind of hard to do. Consensus Research (andruiman and kushti, https://nxtforum.org/consensus-research/) is helping from the theoretical and math side and will even be doing a white paper, which everybody seems to like so much.

Job offer to technical sales creature

‘I am seeing literally dozens of companies getting millions of dollars, and the tech they are needing doesn’t seem to be very much advanced. So, I think with the crypto777 agents system, it would be possible to create customized solutions for corporates, especially the ones with tons of VC money and not enough devs.

‘I need somebody to take the lead for developing this service. We can offer fixed price contracts (for projects with very high confidence levels) so there won’t be any budget risk.

I think contracts in the $50,000 to $100,000 range are possible. Such contracts at first would need to be done by myself, so clearly can’t get this sold in the near term - then again, maybe if we had budgets like that, we can hire coders to work under my guidance. Net profits would be going out as dividends. So if you have experience with technical sales to corporates, contact me.

‘I think some sort of bounty for business brought in and/or percentage of deal flow makes this worth the while for someone who already has the contacts. And if you have experience managing dozens of coders doing half a dozen projects, then this could ramp up into a nice amount of business.’

1%-20% discount on core assets

James writes, ‘I can offer a discount of 1% off of marketprice per BTC, up to a max of 20% off. I accept BTC, NXT, maybe even other things’.

‘Short term I think NXTcoinsco/Tradebots will be pretty good, medium term NXTprivacy or Privatebet, and longer term crypto777. Maybe allocating among these would be a good balance of risk/reward. I can make a single bundle for you at the standard discount.

‘Tradebots/NXTcoinsco gets 30% the revenues that InstantDEX asset holders get, so from a valuation standpoint it is worth at least 30% of InstantDEX. Additionally it will get monetization from the tradebots leasing that it facilitates, it might even do some trading itself. Other than NXTprivacy I think it is one of the most undervalued. But NXTprivacy is further out, so it is longer term hodl.’

>>>

Sources

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