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Author Topic: NXT Asset Exchange Questions/Comments  (Read 320 times)
Dr Charles (OP)
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April 08, 2015, 01:47:59 PM
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Hello,

I am the owner/operator of the Bit from the Block Mining project currently hosted at Coinsortium.co

Website: www.bitfromtheblock.com
 Project: https://coinsortium.co/project/BFTB

I am looking for anyone that has used the NXT Asset Exchange system and what your experiences were, good or bad, and why?

Basically the BFTB project has been moving forward fantastically since the start of the project in November, 2014. Operations are still going great but we are running into problems with Coinsortium as a hosting platform for this project.... Coinsortium experienced a wallet hack at some point in the recent weeks and lost over 30 BTC in funds so now it has become extremely difficult to withdraw funds from the website, which stunts the continual growth we have been seeing so far.

I have had the NXT Asset Exchange mentioned to me recently a couple times as a possible alternative to Coinsortium where the BFTB shares could be listed as an asset or even as another virtual currency but I am not entirely sure of what would be involved in making this happen. And the work and security that would be required for implementing our own share exchange on the BFTB website may be out of scope.

Basically the way the BFTB project works is that each share sold for the project represents 1 Gh/s of SHA256 Bitcoin mining power that is backed by cloud mining power from several vendors as well as hardware that is owned by the project. That way if one cloud mining provider shuts down, BFTB shareholders do not lose their entire investment, rather, the project just reallocates funds to continue providing dividend production to shareholders.

Would this project transfer easily or be a good candidate for the NXT Asset Exchange platform? I as well as many of the project shareholders have spent a lot of time getting this project off the ground and I do not want to see it halted because of a poor platform admin at Coinsortium.

Nxt Info:
http://www.nxtinfo.org

Nxt Forum:
https://nxtforum.org

If you have any questions regarding how the project operates to analize if it would be a good fit for the NXT Asset Exchange platform, please post below. Any and all reviews of the NXT Asset Exchange would be appreciated.

thank you.

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