If anyone keeps track of the progress and release of crypto 2.0 coins, you will notice that there are several promising projects that have been raising a lot of funds, among which are MaidSafe and Ethereum. Unlike these other projects, NEM was created without a large amount of initial funding, giving away most of the stakes for free or for trivial amounts of money. This is good, because it sets us apart from other coins, as a movement marked by equality of opportunity and solidarity without envy.
However, it is also important to realize that in order for NEM to reach its full potential, the community needs to come together and create a vibrant ecosystem that can meet the future needs of our users.
Towards this end, we are planning to prepare to work towards creating key projects required for a comprehensive ecosystem, with an emphasis on mobile apps and a fast, secure exchange, that will fully utilize our upcoming P2P asset exchange. To build this infrastructure, we need to raise funds to compete with the likes of MaidSafe and Ethereum.
Rather than centralize more power with the dev team, we are considering promoting a separate entity that would create and maintain several key ecosystem projects. To create this entity, we should have serious funding to hire full time programmers to work in parallel with the core dev team. This would help us to hit the ground at full speed, right at V1 launch.
If you have any ideas for good ways to raise significant funds (hundreds of BTC), please post them here. I am interested in what kind of thoughts and ideas people have.
Werenīt there allready development fund for operations like that ? If everything goes as a planned one stake should be at least 2k-5k, so why you just use those funds to pay salaries etc. ? According to the draft development contract, that is not supposed to be touched until after V1. Anyway, those funds are pittance funds. What can 100BTC do? Not much. We need real resources to fund such an important development. 10% - reserved for the core development team to fund development of the NCC and NIS up to the release of V.1 of the blockchain. 10% - reserved for the core development team to fund development of the NCC and NIS after the release of V.1 of the blockchain. 5% - reserved for the extended development team; those who are working on promoting NEM and the NEM ecosystem are you saying that 25% will be just 100btc and the market for NEM will plummet to something like 250 000 dollars  Even with marketcap of 5 000 000 million, development fund should be considered significant in any way! |
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If anyone keeps track of the progress and release of crypto 2.0 coins, you will notice that there are several promising projects that have been raising a lot of funds, among which are MaidSafe and Ethereum. Unlike these other projects, NEM was created without a large amount of initial funding, giving away most of the stakes for free or for trivial amounts of money. This is good, because it sets us apart from other coins, as a movement marked by equality of opportunity and solidarity without envy.
However, it is also important to realize that in order for NEM to reach its full potential, the community needs to come together and create a vibrant ecosystem that can meet the future needs of our users.
Towards this end, we are planning to prepare to work towards creating key projects required for a comprehensive ecosystem, with an emphasis on mobile apps and a fast, secure exchange, that will fully utilize our upcoming P2P asset exchange. To build this infrastructure, we need to raise funds to compete with the likes of MaidSafe and Ethereum.
Rather than centralize more power with the dev team, we are considering promoting a separate entity that would create and maintain several key ecosystem projects. To create this entity, we should have serious funding to hire full time programmers to work in parallel with the core dev team. This would help us to hit the ground at full speed, right at V1 launch.
If you have any ideas for good ways to raise significant funds (hundreds of BTC), please post them here. I am interested in what kind of thoughts and ideas people have.
Werenīt there allready development fund for operations like that ? If everything goes as a planned one stake should be at least 2k-5k, so why you just use those funds to pay salaries etc. ? |
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@koop4u
Could you please release some kind of roadmap about future development and info about exchanges etc.. ?
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How slow the distribution can be Still no coins  |
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Why the distribution is taking so much time ?
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This is Fantastic news! NEM tuda MOON Nice one!! |
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Can't wait for exchange, multipool and altcoin gateway to be launched!!!
Come on devs!
Any news ? Seems to be little bit quiet around FIMK. |
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Have anyone received their coins |
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Which time zone is BTT |
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We need to hear the dev's plans as far as an exchange goes because the built-in exchange won't be ready for launch so either EXO needs to be on a third party exchange like Bittrex or Poloniex or issued as a token on the NXT AE.
I'd rather skip the NXT AE myself and see EXO on an exchange but if that doesn't happen for whatever reasons the NXT AE is a good backup.
i think EXO will hit exchange ASAP if it was launched and GPU miner implemented. dev has a full plan, you can read the roadmap from dev's post. What's the whole point to rush things and just focus on exchanges and trading (pump&dumps) ? |
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there is no such thing as egalitarian distribution in free market , you are centralising the market with that 2 stake rule ,its complete opposite what decentralised crypto currency should aim for.
I think you are right that there is no such thing as egalitarian distribution in free market. In other words, egalitarian distribution doesn't exist in free market. But I thought the intent was to have at the onset, egalitarian in distribution for NEM so that everyone gets evenly distributed with NEM stakes? Of course we won't know what will happen after that with free market coming to play. That's what I understand it to be, i.e., distribute fairly and let the community have a fair go at making it with what's in the wallet thereafter. IMO callin a NXT AE a free market is kind of joke  In theory it is, but as we know that there are really big whales. They surely can manipulate prices, so it is more like oligopoly. |
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"Oh look EXO in on the NXT AE, let's buy NXT!" NXT price goes up. (Just like NEM)
This is pure myth by Nemsters. Nxt prices went up as AE was launched, got boost in other ways, like attendances in bitcoin conference, payexpo. There is no proof Nxt prices went up due to Nem LOL u are so biased, there is a decent Proof. LOL, you are an so idiot. There is none. Prices were on rise for a while before Nemstake (down from low of 2 cents low) and had nothing to do with Nem. In fact Nem hurt Nxt prices as sock puppets sold stakes on AE to long term Nxt holders and then those Nxt went to Bter to be dumped for BTC U are so stupid that i dont even mind to answer anything  There is no need to use NXT AE at this point of development, if you cant wait just ask refund from Anon. |
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"Oh look EXO in on the NXT AE, let's buy NXT!" NXT price goes up. (Just like NEM)
This is pure myth by Nemsters. Nxt prices went up as AE was launched, got boost in other ways, like attendances in bitcoin conference, payexpo. There is no proof Nxt prices went up due to Nem LOL u are so biased, there is a decent Proof. |
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There should be a handout created for NEM targeted for people completely new to digital currencies. It should be brochure like, easy for anyone to print out. Make it as simple as possible, explain the idea of digital currencies as a whole and then what approach NEM is taking. People involved in the swarm team could print these off and post them locally on bulletins or hand them out by hand on streets, campuses, local events.
Going further, we could put a message inside some of the brochure offering free X amount of NEM (we could include what market value this would be in $) for anyone potentially interested in getting involved with the project. We could make the brochures unique by serial numbers and have them redeem them after creating an account on the Nem forums.
Does this seem like a realistic marketing idea?
No. Bitcoin itself is only used by a million people around the world. Getting people to use crypto currencies is an education campaign and a simple brochure (even with measly freebies attached - which I don't like) would have a very low effectiveness rate. I've seen the marketing strategies used by Litecoin and Dogecoin. Back in 2013 they were spamming on large internet forums like Bodybuilding but it wasn't an education campaign "why you should use cryptos" but more like "hear about dat Bitcoin chyieet? Well throw money at Litecoin and make $$$$" However unethical it was for LTC / Doge people to pass off their coin as a money flipping opportunity, I don't think anyone on their forum ever writes: "hey guys, remember in 2013 when you were passing off money flipping opportunities to random people on the internet?". That method they used was effective in the sense that Doge was able to hit $60 million and LTC is still the Prince to BTC and I was around (albeit not registered on BTT at the time) to see its' raise. Ironically it was those LTC money flipping threads on websites like Bodybuilding that made me lurk on Bitcointalk. People don't need handouts or brochures. People need simple and impossible to screw up mobile apps. Agreed. Make a stupid simple mobile app that feels low intensity and designed to be social instead of institutional and your value will increase organically because of the viral effect. If people go "what is this thing in the top 100" on the store and its stupid simple when they run it because they heard about it from a friend, it will happen naturally. You get it in the top 100 in the first place just by making it a social currency by using gamification or some other simple / fun app that ties in to the real block chain. Maybe it's currency for an MMO game on mobile or whatever. As long as your API is solid, people can tie in to it in a variety of ways with viral apps on mobile. If it isn't easy and it isn't mobile, you'll never hit critical mass. You could have a variety of different apps that do different things (maybe one is a game, maybe one is a "friends bar tab" app) but both use the real block chain underneath. The same dollar that buys bubblegum can also buy a Ferrari, and that is the point. The more uses it has the more value it has. Totally agree. Nowadays even elderly people in Finland pay their bills with tablets and are very willing to use smartphones, even though they are really not into technology itself it has and will change their ways to consume. I donīt see any options than focusing especially in UI and Mobile apps, normal folks don't really care about sophisticated functions if they cannot even manage to install those applications by themselves. |
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still only one exchange....
when this one will reopens fimk price will drop down like hell
why you guys dont get another exchange? this is no way to make a coin successfull
Thatīs my fear too, coin with market cap lower than half a million, the coin will easily be forgotten and how any Finn will claim their share if it will be worth nothing ? But i still believe that devs know pretty well what they have planned! |
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Only two days to wait before the release!!
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I would be sure that you hire a professional marketing agency!
The only way to make known NEM, which costs a lot of money but there are still enough stakes available.
It will pay off!
+1 professional marketing agency COULD MAKE A HUGE DIFFERENCE. without a agency NEM will never have a chance against Nxt and particularly against Etherium! How much BTC is available? I would even like to leave a part of my stakes for it! I've seen too many coins that have promised much,but mo profesional MARKETING AGENCY! for there is this company, you do not want to do everything alone! I would like to see more funds go to marketing. I like NXT's marketing. Marketing is about perception and it is remarkable that NXT is considered the most innovative second gen. coin. nxt marketing isn't good and they have said it themselves. And nxt is currently the most innovative. We are miles behind and havnt even launched yet IMO the last we news is some stupid lame ass marketing agency, use the community instead. |
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IMO I donīt see that token issue anyway serious as some members, we are very close to the launch day and distribution so there is really no need to spread panic.
NEM is probably one of hottest coins at the moment and a viable competitor to BTC and NXT.
For the record we have already been able to test alpha without all the features so many great innovations are yet to come!
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If you dont have a Linux wallet that could mine eXocoin when the coin is launched, that will be a fail. 50% of rigs are under Linux, and even more if you have only CPU mining.
As far as i have followed EXOcoin it has been mentioned numerous times that, mining will not start at the launch day.... |
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1) - GPU miner implementation
2) - Fix missing functionality in linux core builds (e.g. querying updates/news from server)
3) - generate more linux builds (console, GUI, miner) and osx (GUI, miner)
4) - website design
5) - logo decision
6) - initial distribution script for investors / get investors EXO-addresses
7) - find and work with exchange providers
8 ) - online blockchain explorer
9) - full implementation of flow control (UDP)
10)- faster initial chain sync
11)- language support
12)- finalize API for exchanges, develope basic program as example for exchange providers
13)- update some code parts on wiki.exocoin.org and add more content to wiki.exocoin.org
14)- checkpoint usage
15)- lightweight client support
16)- outsourcing of block(parts) out of ram (to have an upper cap of memory usage)
17)- overall code review, especially checking against vulnerability that could be abused from hackers
18)- full proxy support
19)- other minor stuff (look at open tickets, e.g. finalize addressbook)
Why do you have to do everything yourself? Call volunteers for things like web design, distribution scripts, online block explorer. Put some some bounty stakes for various tasks. Yep, Use Exo-community to work on those things  |
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