Due to several inquiries from stakeholders, regarding their Nxt Address’ secret passphrase, we have implemented the following procedure, before distributing ADL coins to everyone:
All stakeholders are required to verify that they have a valid passphrase by generating a token using their Nxt account (
https://nxt.org/download/). This procedure verifies that the stakeholder is using a correct secret passphrase. Once a token is generated in the Nxt account, the stakeholder needs to copy this token into their Adel Dashboard (Note that Step 7 will be implemented before midnight tonight). Then Adel will validate this token and activate the transfer of ADL coins to the stakeholder’s Nxt address. These steps ensure:
1. The stakeholder's Nxt Address is correct
2. Their secret passphrase works (because token’s can only be generated with the correct passphrase)
3. By clicking "confirm" in the Dashboard the stakeholder confirms they have safely stored their secret passphrase.
4. They have full access to their Nxt wallet.
PLEASE MAKE SURE YOU HAVE YOUR NXT ADDRESS “SECRET” PASSPHRASE IS SECURED AND WORKING BY TESTING IT WITH THE NXT DESKTOP APP:
https://nxt.org/download/. ONLY STAKEHOLDERS WHO HAVE CONFIRMED SAFE STORAGE OF THEIR SECRET PASSPHRASE WILL RECEIVE THEIR ADL COINS. ADEL WILL NOT REISSUE ADLs IF THE STAKEHOLDER HAS LOST THEIR SECRET PASSPHRASE.
The PDF can be found on our Slack channel here:
https://adelchat.slack.com/files/gdusil/F5RR119PD/adel_-_walkthrough__nxt_wallet__token_generation__v0.4_.pdfHi Adel, Why is the withdrawal process so complicated?
Why do investors have to now generate a token by downloading the nxt wallet?
How about just implementing a withdrawal button so that investors can enter their nxt wallet address, or the address to which ever exchange they want to send their tokens too?
To see how to generate a token, you now have to join the slack. If there are so many steps, could you pls just list how to generate a token instructions here so that everyone can see and so that
they don't have to join the slack.
Hi Adel, Why is the withdrawal process so complicated?
This manual is not for withdrawing Adel.
If you were attending in the ICO and want your BTC back you can contact adel by email.
This manual is for distribution of Adel, but since Adel runs on the Nxt blockchain and there were users that forgot their passphrase, Adel wants to be sure every attendant will have their ADL and will be able to reach it with their passphrase (so in the future users will be able to Exchange them if needed).
Why do investors have to now generate a token by downloading the nxt wallet?
Adelphoi (ADL) token runs on the Nxt blockchain for now since Ardor platform is not live yet.
Like i explained above. To be able to know if you stored your passphrase correctly as an attendant, Adel is doing a final check together with you as the user.
Show Posts
I will need NXT for that like for ETH tokens ?
