- What is Superset:
Superset is a system that allows anyone to create smart contracts in plain English that run over multiple blockchains (Ethereum, NEO, WanChain etc).
Superset is a global exchange that allows individuals to create immutable
smart contracts, facilitate payments over multiple blockchains, and arbitrate disputes.
The smart contracts can be used to run your own freelancing service, or a crypto lottery, or recurring payments. You can write Superset smart contracts to do whatever you want.
- How does Superset work: Superset uses natural
language processing (NLP) engine that runs simple English sentences though its NLP/ML
program to develop smart contracts that have traditionally costs upwards of 100K. The NLP
engine was created by Dan Clark circa 2007 and utilizes proprietary neural network models
to make this possible.
- What problem does Superset solve: If you want to create a smart contract right now, you have to know how to program (in Solidity, etc), deploy it to the blockchain, etc.
With Superset, you can create a smart contract just like you would compose an email, and have it up and running in less than one minute. Lets say you wanted to
create a smart contract to pay someone in Bitcoin when they sent you some software you need. The process to do this without Superset would require days/weeks
of programming to setup the contract, website, etc. With Superset, you'd just fill out a few fields, send money to the contract would be done in minutes.
- Do you have a working version of Superset: Yes. We have a fully working version of Superset that works with Superset smart contracts as of March 1, 2018.
You can see a video of Superset here: https://www.youtube.com/watch?v=nNWL_4ijFYA
- Where is Superset based: We are based in Silicon Valley (in California)
- Will anyone be able to create a Superset smart contract with Version 1: Version 1 will have uneditable pre-created Superset smart contracts. We will release 1.x versions of Superset before releasing Version 2 that allow users to modify the pre-created smart contracts to some degree. Version 2 of Superset will allow anyone to create a Superset smart contract within a textbox.
- What does "Programmable money using plain English" even mean: Currently, you can not program a dollar or euro to pay your friend if they text message you a certain code .
Or how about programming your money to buy more Bitcoin when certain conditions apply ? With Superset, you will be able to do things like that.
Hence the "Programmable money using plain English" , because you program your money just by typing english words to do what you want.
Now, we are not claiming you can literally program your money to do anything with Superset, as Superset is but an acorn seed right now,
constantly being improved and updated. We do believe our system will be able to surpass any existing NLP system though.
- Is Superset open source: No, it is not.
- Why should we believe your claims about what Superset can do: We welcome all healthy skepticism, and are not asking anyone to
believe us on blind faith. You can easily wait for Version 1 to be publicly available before the ICO starts to see for yourself.
- How does the NLP engine in Superset work: Click here to read an explanation of how it works
- Is Superset a non-profit company: We are registered as a for profit corporation within the United States
- Is Superset running on it's own blockchain: No. We plan on creating our own blockchain in the next year
- What is a Superset smart contract: A "Superset smart contract" is a smart contract that runs continuously on our
cluster of servers (in the cloud). A Superset smart contract is distinct and separate from a smart contract running on the Ethereum network.
A Superset smart contract can be thought of as being a layer above the blockchain, as it is able to create (Ethereum smart contracts for example) and interact with
the blockchain as the Superset smart contract is running. We plan on creating a completely decentralized version of Superset in the future.
An Ethereum smart contract (for example) has to use an Oracle to connect to any external applications and would not be able to easily perform operations
across another blockchain easily. We believe, creating Superset as a
centralized layer over top of the blockchain is a good first phase.
- What happens if language parsing fails for the contract terms:
If language parsing fails, the user will not be able to publish the contract until the errors are resolved. This is done
through the contract validation process when a user creates a smart contract. We will release a help guide that details
how to resolve errors (with screenshots & video) in the future
- How do you handle ambiguous language for the contract terms:
When the beta version of Superset is released allowing an user to write their own smart contract in
plain english, the vocabulary of possible words anyone can use will be restricted initially. Subsequent versions of Superset will automatically detect ambiguous language and notify the
user or prevent the contract from being published until the identified ambiguity is resolved.
- How are disputes handled in Superset : Any user can initiate a dispute
request on a Superset smart contracts.
Initially, the Superset team (and a 3rd party arbitration system) will arbitrate disputes .
Later in 2018, users will be able choose between a 3rd party arbiter and a jury of Superset users
- How will I know how to structure or write a smart contract's terms: We are creating a help guide and a dictionary of the words that can be used.
The pre-created templates released in the initial version of Superset will provide examples of how to structure the terms also.
The first version released will not allow anyone to create a new smart contract.
A month or so after the ICO, we will release a version that allows you to create a blank Superset smart contract.
- Are Superset smart contract's legally binding: Currently, they are not. We may add an option for two parties to enter in to a legal binding agreement later.
- What programming languages was Superset written in: C++ and C# primarily
- Why are you using C#: C# is an amazing language ! LINQ by itself is incredible, but other features like expression trees,
and dynamic types that allow you to skip compile time checking permit you to straddle the line between multiple types of programming languages.
- How do I contact Superset: You can contact us at help@superset.ai . Dan Clark, the founder can be reached at dan@superset.ai . You may also reach out to us on LinkedIn
- How do you verify withdrawals are by the user:
We will send a text message to your phone, which contains a code you have to enter on the Superset website to complete the withdrawal.
We may switch to Google Authenticator in the near future (or a similar system)
- Do you verify all users on Superset:
All users of Superset must go through our KYC/AML (Know Your Customer | Anti-money Laundering) checks in order to participate in the ICO or use the Superset software
- What is the fee for the using the Superset platform: Superset is free to use. A Superset smart contract you participate in may require crypto currency but the Superset platform/website is free
- Who pays for gas in Superset: For Superset smart contracts, the publisher of the contract can elect to use escrow within Superset or escrow on the blockchain .
When escrow on the blockchain is selected, the cost of gas is taken from the money sent to the contract.
For withdrawals from Superset, the person initiating the withdrawal.
- Are Superset smart contracts running directly on the blockchain: No, Superset smart contracts run outside the blockchain,
manipulating the blockchain , storing pieces of the contract on the blockchain, etc.
- Do you store any personal information during KYC/AML verification : We only keep your email address, phone number, and name after KYC/AML verification.
You can change your name to anything you want after you are verified. We discard the rest of your inforamtion
- What is your KYC/AML policy: KYC/AML policy is here
- What is the hard cap for the entire token sale :
The hard cap is $64 million
- Why is Superset raising $64 million: Because Superset can be used to replicate products from other ICOs, or even run an ICO, the applications of Superset are quite huge.
The DeepR natural language processing engine at the core of Superset is already processing all of Wikipedia and thousands of webpages from the internet.
We want to spread Superset as far and wide as possible to empower people like never before.
For example, we would like to be able to process the entire Internet with the DeepR NLP engine and allow users to search and interact with our processed internet index from Superset.
To do that, we need to pay for the compute, storage, redundancy of data, etc which costs millions of dollars for petabytes of data. Secondly, we intend to have Superset registered in multiple different forms (U.S. securities, exchange, etc).
The legal fees, infrastructure, etc for all that is enormous as well.
We want nothing more than to be completely transparent with Superset. To that end Superset's governance structure will actually be a Superset smart contract :-)
A Superset smart contract that continuously write's all expenses to publicly accessible documents (Google Spreadsheet, etc) that anyone can check at anytime.
We like eating our own dogfood at Superset, which is why our ICO will run within a Superset smart contract as well.
- How will the funds be used: Primarily allocated to Superset (company) for startup costs, product development and growth.
We are working on a Superset smart contract that writes all expenses to a publicly viewable Google Spreadsheet :-)
- What is the timeline of the token sale: 1 month presale that, followed by a 5 month public ICO.
The public ICO will run until all 80M tokens are sold or until the ICO end date has been reached
- What is individual cap in the token public sale: $500000
- What is individual minimum contribution in the token public & pre sale : $500
- What is the token sale fee structure: flat fee (price), tied to the price of ETHER at the moment the tokens are purchased.
- How much will be sold in the presale and how much in the public sale: $32M will be sold in the presale.
The presale will be divided in to two tranches ($16M in a private presale, and $16M in an international public presale) .
Unsold tokens in the presale will be included in the public sale ($32M minimum will be sold as well).
- What is the cost per token in the token sale: 80 cents per token (US dollars.)
- What is the token allocation: 80M tokens reserved for the company. 80M for the community reserve (bug bounties, rewards for most active users, etc).
80M for the ICO (20M tokens in the pre-sale, 60M tokens in the public sale).
- What are the lockup periods: 6-month lock-up for Superset employees; 1-year lock-up for accredited United States investors.
- Are SAFTs available at all ? We will offer a SAFT with 30-day Conversion Period.
- What are some restrictions for the token sale ? For the United States, only accredited investors are allowed. Countries that cannot participate:
People's Republic of China (except for Hong Kong, Macau and Taiwan) , Cuba, Iran, North Korea, Syria, Crimea Region
- How will the token be used within Superset: Users will pay for goods/services within the Superset system.
- Are there any ownership rights, or dividends There are no ownership rights, no dividends
- What happens in the event of Superset being acquired :
We consider it extremely unlikely that we would ever accept being acquired. If that were to happen, we would only do it if all tokens are
guaranteed at the minimum, a price at two times the current SUPER token price (at the time of the acquisition )
- What are the payment methods: We accept Ether (ETH) for payment during the ICO
- How do I request a new type of pre-created smart contract templates You can send us your suggestions at help@superset.ai
