[NAUT] Nautiluscoin to Nxt-based Nautilus redemption process.

[richiela]

For what its worth, we've got NXT MS setup and completed the swap over at bittrex.com.  If you are having problems running the NXT wallet, you could create an account here and have the NXT based NAUT sent here.  I've reached out to the dev team to see if we can help.  Please let us know.

thanks,
richie@bittrex

[EvilDave]

As ever, I've done the payouts for tonight:

https://bitcointalk.org/index.php?topic=1182317.msg12441796#msg12441796

@Richie: not a bad idea. There are a couple of NAUT holders that might benefit from that offer, though I have to point out that people really, really shouldn't store all of their funds on centralised exchanges.....
Let's get together and discuss it sometime Friday.

[alinda]

when coin swap will be over?

[Vlad2Vlad]

when coin swap will be over?

Whenever investors and exchanges all cooperate and get them all swapped over.  Nobody can force you to swap.

[halinyo]

For what its worth, we've got NXT MS setup and completed the swap over at bittrex.com.  If you are having problems running the NXT wallet, you could create an account here and have the NXT based NAUT sent here.  I've reached out to the dev team to see if we can help.  Please let us know.

thanks,
richie@bittrex

That would be great! I guess you mean like, we send our NAUTs to our accounts on Bittrex as storing old chain NAUT and we can convert NAUT to NXTNAUT easily within the bittrex exchange? Wow, that will automate things a lot! And privacy concerns will be disregarded! And of course will make bittrex my fav

[richiela]

As ever, I've done the payouts for tonight:

https://bitcointalk.org/index.php?topic=1182317.msg12441796#msg12441796

@Richie: not a bad idea. There are a couple of NAUT holders that might benefit from that offer, though I have to point out that people really, really shouldn't store all of their funds on centralised exchanges.....
Let's get together and discuss it sometime Friday.

100% agree... do not use us as an online wallet  This is just a short term solution to have to help the conversion process as people get their NXT wallets online...

Thanks,
richie

[BittyBoBitty]

celeb coins can make you rich during the next bull run 

[EvilDave]

Just updated the OP with the latest redemption transfers, we're at 3,318,394....

https://bitcointalk.org/index.php?topic=1182317.msg12441796#msg12441796

As ever, I'll make the next round of payouts after the exciting day tomorrow.........
I'm going to be fairly busy, so I won't have a chance to check transfers out until fairly late.


Tora, tora, tora......!

[EvilDave]

Nothing exciting to report on the redemption front.....

[EvilDave]

Had a couple of NAUT swaps, posted in the OP. You know how it works by now.

Total is: 3,325,265 NAUT redeemed......
 

[alinda]

Had a couple of NAUT swaps, posted in the OP. You know how it works by now.

Total is: 3,325,265 NAUT redeemed......
 

I still can do the swap NAUT to NXTNAUT?

[EvilDave]

Yes....I'm gonna run this redemption for a while longer.
If/when we do set a cut-off date, it will be announced in big letters here as far in advance as possible.

BUT: bear in mind that as more NAUT gets redeemed to NXTNAUT, the network support for NAUT will start to drop off, making transfers tricky.

[Smoothmold]

Heey guys,

so I have old NAUT's at Cryptsy. I have read in this tread that Cryptsy as of yet haven't done the conversion. I am not technical guy so what should I do. Just wait until Cryptsy has convert my old NAUT's to The NEXTNAUT's?

[halinyo]

Yes....I'm gonna run this redemption for a while longer.
If/when we do set a cut-off date, it will be announced in big letters here as far in advance as possible.

BUT: bear in mind that as more NAUT gets redeemed to NXTNAUT, the network support for NAUT will start to drop off, making transfers tricky.

Any update on bittrex doing another swap for us ? That would be really great indeed !

[Vlad2Vlad]

Any update on bittrex doing another swap for us ? That would be really great indeed !

How can Bittrex do another swap when they've already swapped all the NAUT on their exchange?  You can't send any old NAUT to bittrex so therefore there is nothing more Bittrex can do as far as swapping out into new NXTNAUT.   That's how I understand it but I'm no techie.

[EvilDave]

Slightly later than usual, but I've just made the redemption payouts for yesterday.
As always:
https://bitcointalk.org/index.php?topic=1182317.msg12441796#msg12441796

We are talking to Bittrex about doing another swap on the exchnage itself. Stay tuned for further details.

[halinyo]

https://twitter.com/richiela/status/649420397952143360

[EvilDave]

And another 100,000 NAUT get miraculously transformed into shiny new NXTNAUT:
https://bitcointalk.org/index.php?topic=1182317.msg12441796#msg12441796

[TupacShakur]

when will the coin swap be finished?

[EvilDave]

Good question....when all the NAUT have been redeemed is the answer, in theory.

So far, just over 3.5 million NAUT have been converted to NXTNAUT, from an original supply of 5.3 million.
This leaves around 1.8 million NAUT still out there, and I know the locations/holders of around 1 million of that (i think).
A lot of NAUT went down with MintPal,  so that will probably never be recoverable.

Here's the block explorer and rich list, the top 3 accounts are under my control:
http://naut.blockexp.info/richlist

There are currently 3 main exchanges on board with Nautilus, and the Drachmae projects native exchange is coming soon, so I'm fairly sure that there will be ways to redeem old NAUT to NXTNAUT for a while longer. However, as all economic activity will be on NXTNAUT, the NAUT network will lose support and transfers may become difficult.
I'm committed to running this redemption program for a week or 2/3 longer, in any case.
Like I said earlier, we'll announce any cut-off date for swaps far in advance.

TL,DR:
not yet