Market determines price like in buyers + sellers voluntarily interact and discover the price.

Close to 100 waiting list people sent 0.1 btc donation for a stake.

Alpha version will be released in a few weeks but it may take 2 more months until the official launch. You should consider a refund if you cannot wait at least 2 month ( possibly more ) for the complete product.

Refunding thread is available. We are not holding anyone money involuntarily.

Gimre did several small updates recently. There won't be any more big technical update until Alpha release.

I should make it clearer that current stakeholders could be issued the tokens on demand, but it is not for selling more NEM shares. Technically it is a temporary transfer of NEM stake ownership from my Google sheet to Nxt asset exchange.

I should make it clearer that current stakeholders could be issued the tokens on demand, but it is not for selling more NEM shares. Technically it is a temporary transfer NEm stake ownership from my Google sheet to Nxt asset exchange.

Okay let's see if there are enough demand to issue the tokens. https://bitcointalk.org/index.php?topic=616467.msg6821496#msg6821496

If there are enough people wanting to have the NEM stake tokens in Nxt asset exchange then we would proceed.   

Following stakeholder's requests, NEM stake tokens have been issued and will be sent to current stakeholders on demand.

Link to the official discussion/ update thread https://bitcointalk.org/index.php?topic=426303.0

For current NEM stakeholders, if you want to have NEM stake asset tokens issued which are convertible to Nemcoin after we launch, then saying something here. It will be via Nxt asset exchange. If there are a lot of demand then we will issue the asset tokens. If you want to issue tokens via counter party protocol, we can do it too if there are high demand form current stakeholders.

The rules will be made clearer if there is indeed a big demand to issue tokens.

Add: I should make it clearer that current stakeholders could be issued the tokens on demand, but it is not for selling more NEM shares. Technically it is a temporary transfer of NEM stake ownership from my Google sheet to Nxt asset exchange.

UPDATE: 5/20/2014

We will be issuing temporary NEMstake tokens on Nxt asset exchange per request of the current NEM stakeholders (optional). Please read the rules for requesting NEMstake tokens carefully

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1. Each current NEM stakeholder could request to receive one NEMstake token.

2. One token represents one stake (1 million NEM) receivable after the official launch of NEM blockchain and can be traded down to one digit after zero (smallest trading unit is 1/10 of a stake).

3. Conversion of NEMstake tokens to NEM: Owners of NEMstake tokens need to send the total amount of tokens he owns back to the issuer (my issuing account) and put his NEM address in the "comment" field of the transaction to receive the corresponding amount of NEM in the receiving address. Caution: you could lose your share if you don't put in the correct NEM address in the "comment" field.    

4. The conversion process will start 2 weeks after the official launch to ensure an orderly distribution of NEM to all stakeholders.

5. There will be a maximum of 1000 NEMstake tokens issued. So if you want to have a NEMstake token on the Nxt asset exchange you should request it before the supply is running out. But if you don't want the token and want to receive NEM on the official launch, you should not request NEMstake token. If you are not comfortable with Nxt asset exchange, you should not request NEMstake tokens.

6. NEM development team will not sell or buy any amount of NEMstake token in the asset exchange. Therefore we are not responsible for any price movement of NEMstake tokens. NEM development team will hold NEM stake auction in the Bitcoin blockchain in a later date (see the rules in the update page); so the auction is other alternative if you want to buy into NEM before the official launch.

7. NEM development team will not be responsible for the loss of tokens or the loss of access to an account of any token owner in Nxt asset exchange.

8. NEMstake tokens will expire and has no more conversion power after the completion of V1 blockchain (about 2 months after the official launch). All NEMstake tokens will be destroyed by sending them back to Nxt genesis block.

9. Additional conversion condition: A maximum of 2 NEMstake tokens will be allowed to convert to NEM per one NXT account (with one unique NEM receiving account). That means if one account sends more than 2 NEMstake tokens back to the issuer account for NEM, he will receive the cap for that account of 2 million NEM. This hopefully will partly discourage an early concentration of NEM in a few accounts.

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If you want to request a token, please send me a PM with your Nxt account saying so. Then I will put you in this separate tab in the final stake holder list

https://docs.google.com/spreadsheet/ccc?key=0AlidWok7hW0DdFRROFFGVUpwcFFXcHVCdGc0a3NuQVE&usp=drive_web#gid=14

When there is a minimum of 100 requests, I will officially issue the token and send them to your accounts. Asset Ticker and Issuer account will be announced later when the tokens are issued. Thanks.

We will also issue a portion of NEMstake in other platform such XCP or Mastercoin if there are at least 100 requests from the current stakeholders.
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Update 5/24/2014

ASSET NAME : NEMstake

ACCOUNT : NXT-J62B-CNAR-34YW-4RCFN

ASSET ID : 12465186738101000735

ISSUING TIME: 5/30/2014 at 12.00 GMT or 7.00 A.M EST

Development contract. Read it first.

https://docs.google.com/document/d/19so-Jy3Gqw2KltZP-gaw3oFaHliN0OdtwZktOP4pCOQ/edit

Also we will make an investor's handout or brochure (with more information) before the first auction .

NEM public auction explanation

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155 NEM stakes will be put on a public auction (155 million NEM)

The auction will happen in Bitcoin blockchain and follow the multi unit auction format. http://en.wikipedia.org/wiki/Multiunit_auction

How does it happen if X stakes are put on the auction ?

1. On the auction day, a Bitcoin escrow address will be revealed at a designated time.
2. Each transaction to the escrow address will be considered a bid for 1 stake. Two transactions from the same address to the escrow address will be considered two separate bids.
3. The auction will last at least 24 hours (but less than 36 hours).
4. Bidders could monitor the bidding process in real time via Blockchain.info
5. When the auction ends, X highest bidders (X biggest transactions) will win X stakes.
6. We will refund all non-winning bids minus the transaction fee and a service fee. All winning bids will receive back the difference between the winning bid price and lowest winning bid price minus the transaction fee and a service fee. Service fee is for the escrow service (for tallying and refunding the bids).
7. Example: there are 3 bids 1 btc, 1.2 btc and 2 btc and all are winning bids. Since 1 btc is the lowest winning bid price then bidders of 1.2 btc and 2 btc will win a stake and get a refund of 0.2 and 1 btc respectively.
8. There is a limit of two bids for each sending address and taint analysis will be used on the escrow address to make sure no address wins more than 2 stakes.
9. The sending address of the winning bid will be the identifier of the owner of the won stake. Therefore the winning bid sender should later provide a NEM address to receive the share via a signed message from the sending address. Signed message could be done via popular bitcoin wallets such as multibit, bitcoin-qt or blockchain.info.
10. Bidding recommendation: bidders should consider placing only 1 bid if they want to buy 1 stake and placing the highest bid that they are willing to buy. Since the buying price for all stakes will be equal to the minimum winning bid, there is no risk of over-paying for a stake.

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There will  be 10 stakes offered in the first test-run auction in about 2 weeks or so (it will be held on Saturday-Sunday frame) and we plan to offer regular auctions every week until close to the official launch. (open Alpha should be released before the auction)

Let me know if you want to be the escrow for the auction, you should follow all the above rules but being able to set the service fee yourselves. The entire service fee will go to the escrow and he will hold the fund for the winning bidders until NEM officially launch.

We are looking for emerging stakeholder activists that can work independently  but also along side with the core team. Win the heart of 75% NEM stakeholders then you can be bigger than the core development team ;-)

As it is conceptualized the core team will primarily focus on NEM technical aspects and some key element of marketing. Most of marketing effort would be left to stakeholders so stakeholder activism is very important. I believe in stakeholder involvement, decentralized marketing and grassroot contribution. These would be the key to NEM eventual success.

not discussed yet. Is there really a demand to do so ?

It was old information. Claiming coins should last at least 1 months.

How do you know I am not academic? it is obvious I am not in CS though.

Since many are wondering and probably thought "Why so many refund requests ? is Nem developers going to run off soon ?", I should explain that all refunds so far are "forced" refunds since the accounts did not make it to the final list.

Just saying that I am not dodging the question but I think stakeholders should wait until the core team run the close alpha and at that point it would be easier to give an estimate for an open Alpha.

Just remind everyone the new refund thread https://bitcointalk.org/index.php?topic=612105.msg6770626#msg6770626

It is just statistics. On the "fun to know" category.