Nxtty Altcoin Composite Index (NxttyACCI)

[landomata]

Nxtty Altcoin Composite Index (ACCI) is a market index comprising the 20 largest cryptocurrencies by market capitalization.


COINMARKETCAP: http://coinmarketcap.com/assets/nxttyacci/


INDEX DETAILS:

- Bitcoin is excluded from the index.      
- The initial Index value is 100.
- The starting date of January 01, 2016.
- Index constituents are reviewed every 7 days.  Depending on circumstances the index portfolio may be adjusted before the 7 day period is completed.
- Index constituents will be removed from the Index if they have 7 straight days of trade volume below usd 1000.  


INDEX CONSTITUENTS:

Ripple
Litecoin
Ethereum
Dash
Dogecoin
Peercoin
BitShares
Stellar
Nxt
MaidSafeCoin
Namecoin
Bytecoin
Monero
Factom
NEM
GridCoin
EmerCoin
Monacoin
Blackcoin
YbCoin


Nxtty Altcoin Composite Index is published by the Nxttycoin Community.

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Building markets of the future.

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The Altcoin market is surging....Altcoin Composite Index is up over 6%

http://coinmarketcap.com/assets/nxttyacci/

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NxttyACCI will be trade-able in the very near future.

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NEM & MONACOIN have been added to the Index, CLAMS & RUBYCOIN have been removed.

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Update

NxttyACCI distribution to Nxttycoin holders has begun today and will run for the next two weeks, if you wish to receive your NxttyACCI stake please move your Nxttycoin to your main account from Bter exchange wallet.


Thank you

[landomata]

NxttyACCI is a pure index similar to the S&P 500:

https://en.wikipedia.org/wiki/S%26P_500_Index


NxttyACCI is NOT an Index fund, Exchange traded fund or Mutual fund:

https://en.wikipedia.org/wiki/Index_fund

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Update:

1) Due to the Bter withdrawal issue facing some holders the end date for NxttyACCI distribution has been extended by two weeks...the new end date is February 16, 2016.


2) Index automation is progressing as planned...the heavy lifting backend is now complete.

[landomata]

We have completed index automation and have now moved to live testing.

[landomata]

Index automation is now complete.

[Kushedout]

Index automation is now complete.

what is being automated?

[landomata]

Index automation is now complete.

what is being automated?

We have automated the index price level publishing to the blockchain.

Nxtty Altcoin Composite Index tracks price movements of the 20 largest cryptocurrency giving a precise snapshot of the general altcoin market.

[simon66]

Except some of them in your index ate not currencies, therefore not cryptocurrencies at all..

And there "market caps" are invalid due to vast amounts of coins NOT in circulation (or the wild) due to pre/instamines..

[landomata]

Except some of them in your index ate not currencies, therefore not cryptocurrencies at all..

And there "market caps" are invalid due to vast amounts of coins NOT in circulation (or the wild) due to pre/instamines..

Which coins on the list are you referring to?

[landomata]

Nxtty Altcoin Composite Index is up 100% since start of 2016.

http://coinmarketcap.com/assets/nxttyacci/

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Update

NxttyACCI distribution is now complete...

If you have not received your ACCI please send me a PM with your account details.

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NxttyACCI 101  -  Quick price calculation

To quickly calculate the USD price of NxttyACCI simply take the last published price of ACCI from inside the Nxt client or nxt block explorer:


(ACCI price quoted in Nxt) X (current per. nxt in usd) = USD price


132.634885510 x 0.008525 = 1.13 usd


Note...you can simply round the ACCI price in nxt to the nearest whole number 133 x .008525 = 1.13 usd


Same goes for the calculating the price in Bitcoin or any other currency.

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Nxttycoin -> NxttyACCI Swap Pilot Project

Timeframe: 3 months
Swap ratio: 1:1
Swap quantity limit: 50,000,000 Nxttycoin
Swap method: manual


The swap pilot project allows anyone who purchases Nxttycoin on an exchange after February 22, 2016 to swap them for NxttyACCI on a 1:1 basis.

The swap process is very simple...you send the amount you wish to swap to the NxttyACCI issuing account - NXT-NP45-W9T8-E78H-3B8L7 .  Within 6 hours the quantity of NxttyACCI matching the amount of Nxttycoins you have sent will be transferred to your account.

So...you send 1,000,000 Nxttycoin...you will receive 1,000,000 NxttyACCI.

The program will run for 3 months after which we will assess whether to continue the program for another 3 months.  Once the 50,000,000 Nxttycoin swap limit is reached swapping will be halted.

[MarketMagic]

Hello I have sent my nxtty coin from bter to NXT-NP45-W9T8-E78H-3B8L7.Can you advise me what is the next step please?How will NxttyACCI be transferred to my account as it is nxttycoin and not NxttyACCI?Sorry for my lack of knowledge

[bearishtrader]

Sorry to be Johnny come lately, is anything going on with nxxtyACCI asset?
I just noticed I had some on NXT asset exchange but noone is trading it.
Thanks.