[ANN] Announcing Nxt 2.0 (Ardor)

[Mr.Ease]

@Damelon,is there a crowdsale of Nxt 2.0?

Not like the ones most people are used to.

If you hold Nxt, you will get the FXT (staking token) asset.

So each Nxt is a ticket to get FXT. You will have to accumulate Nxt to get FXT (while still keeping the Nxt, of course. There is no burning or anything like that)

So pretty much your saying that if I buy nxt now, I will get these FXT for free?   So like a 2 for 1 type deal?

Correct sir. 

I havent touched nxt in forever... i guess, already 20% up today, i hope im not getting suckered in on this one.
anyway, price is like 1/5 from back when i played...

[farl4web]

@Damelon,is there a crowdsale of Nxt 2.0?

Not like the ones most people are used to.

If you hold Nxt, you will get the FXT (staking token) asset.

So each Nxt is a ticket to get FXT. You will have to accumulate Nxt to get FXT (while still keeping the Nxt, of course. There is no burning or anything like that)

So pretty much your saying that if I buy nxt now, I will get these FXT for free?   So like a 2 for 1 type deal?

Correct sir.  

I havent touched nxt in forever... i guess, already 20% up today, i hope im not getting suckered in on this one.
anyway, price is like 1/5 from back when i played...

Come play along!  

Prices are silly low.

[Mgrover]

its a long plan. i think price will go up on this news.

[Damelon]

@Damelon,is there a crowdsale of Nxt 2.0?

Not like the ones most people are used to.

If you hold Nxt, you will get the FXT (staking token) asset.

So each Nxt is a ticket to get FXT. You will have to accumulate Nxt to get FXT (while still keeping the Nxt, of course. There is no burning or anything like that)

So pretty much your saying that if I buy nxt now, I will get these FXT for free?   So like a 2 for 1 type deal?

Buy and hold during the three month snapshotting period that will start with the release of the 1.9 version of Nxt.
The Testnet version of this version is about to be released.

The snapshots will be taken at regular intervals and the average of Nxt in accounts will be used to calculate FXT distribution.

This is done to mitigate a possible run out of Nxt Assets into Nxt.

There is talk of adding a counter in the official wallet to show the amount of FXT that you will receive once the snapshot period ends, but I haven't received definitive information on this yet.

I will post more once I know it. Please ask questions if you have them

[speaktome]

its a long plan. i think price will go up on this news.

Sure, Nxt has been always an excellent platform, Ntx 2.0 could be better.

[farl4web]

@Damelon,is there a crowdsale of Nxt 2.0?

Not like the ones most people are used to.

If you hold Nxt, you will get the FXT (staking token) asset.

So each Nxt is a ticket to get FXT. You will have to accumulate Nxt to get FXT (while still keeping the Nxt, of course. There is no burning or anything like that)

So pretty much your saying that if I buy nxt now, I will get these FXT for free?   So like a 2 for 1 type deal?

Buy and hold during the three month snapshotting period that will start with the release of the 1.9 version of Nxt.
The Testnet version of this version is about to be released.

The snapshots will be taken at regular intervals and the average of Nxt in accounts will be used to calculate FXT distribution.

This is done to mitigate a possible run out of Nxt Assets into Nxt.

There is talk of adding a counter in the official wallet to show the amount of FXT that you will receive once the snapshot period ends, but I haven't received definitive information on this yet.

I will post more once I know it. Please ask questions if you have them

A countdown in the wallet and on the website would be nice. Keeps everybody active and involved. 

[farl4web]

I don't understand Nxt 2.0 for 100%, but I see a lot of potential for sure. And of course free FXT and free FNT.  Damelon explained more about it on Slack and I want to share it here too.

1. release of the 1.9 version to mainnet.
This will be the start of the snapshot period for FXT distribution that will last for three months
This will be followed by
2. Automatic distribution of the FXT Token
This will start a period where people can freely trade FXT Token
I can imagine that this will also be done via "traditional" channels, so we might go to exchanges
3. This period ends with the creation of the Genesis block for Nxt 2.0
The Genesis block will mean the FXT becomes active and also that people will get FNX at a 1:05 ratio to what they have in their Nxt accounts at that time
Some key points that people ask often:
Q: will Nxt 1.x disappear
A: No, Nxt 1.x will *at least* be supported a full year after Nxt 2.0 goes live. This is not a hard limit, so if it's still actively used, this period may be extended
Q: Will we need to burn Nxt?
A: NO. ALL people holding Nxt will get a FREE ticket to Nxt 2.0 in the form of FXT
Q: Will Nxt 2.0 work on the Nxt blockchain?
A: No! Nxt 2.0 is a completely new and independent system
Q: Is this dilution?
A: This is a debatable statement. I've seen several takes on it. Good food for discussion, though
Q: Is Nxt 2.0 really free?
A: Yup, if you hold Nxt, you get in for free. Of course, if you don't have Nxt, you'll have to buy them

1 Nxt will give you 0,5 FNX
FNX is the transaction token (On the childchain)
1 Nxt will give you 1 FXT (Staking token, for forging/mining/staking, name is not in stone yet)

Hope this will help others understand Nxt 2.0 better. More to come soon with a professional marketing campaign (yes, Nxt and marketing are coming together) 

[templebar]

NXT 2.0 seems like the sleeping giant here.

[farl4web]

Check out the presentation from last week from Lior Yaffe (username Riker).
He's one of the core developers of Nxt/Ardor and he talks about the future.



https://youtu.be/soHe4UMyCCk

Slides: https://bitcoil.co.il/files/Advanced.Concepts.in.Blockchain.Design.pptx and http://prezi.com/x8jyard5-h51/

Filmed during Israel Bitcoin Meetup in Tel Aviv on 27 July 2016

[rlh]

Hey guys, I understand that Ardor is "Nxt 2.0" but I want a little clarity.  Specifically, what will the differences be between Nxt and Ardor?  Also, will Ardor run on top of Nxt 1.0 or will it be a separate coin, with it's own ledger?

Why maintain Nxt 1.0 if this is 2.0?  What I mean is what purpose will Nxt serve, on it's own, that Ardor won't serve that will warrant the existence of Nxt 1.0. I guess another way of asking is that instead of creating 2 coins, why not just upgrade Nxt?

Could I get an ELI5 response that addresses these types of questions?  I was into Nxt since near the beginning and I still own a moderate amount of Nxt and assets.  I'd just like a good explanation of the future-relationship of these two coins and what their specific differences will be.

To the future of Nxt and Ardor!  :glass-clink-emoji:

[farl4web]

Hey guys, I understand that Ardor is "Nxt 2.0" but I want a little clarity.  Specifically, what will the differences be between Nxt and Ardor?  Also, will Ardor run on top of Nxt 1.0 or will it be a separate coin, with it's own ledger?

Why maintain Nxt 1.0 if this is 2.0?  What I mean is what purpose will Nxt serve, on it's own, that Ardor won't serve that will warrant the existence of Nxt 1.0. I guess another way of asking is that instead of creating 2 coins, why not just upgrade Nxt?

Could I get an ELI5 response that addresses these types of questions?  I was into Nxt since near the beginning and I still own a moderate amount of Nxt and assets.  I'd just like a good explanation of the future-relationship of these two coins and what their specific differences will be.

To the future of Nxt and Ardor!  :glass-clink-emoji:

Ardor is the new Nxt 2.0. Nxt 1.0 will still continue and will be supported and updated for at least a year. Nxt 2.0 is a new blockchain, called Ardor. On top of Ardor people or business can create childchains. 

[paramind22]

What is the story on all this for a newbie buying NXT now on Poloniex?  Is that NXT a dead coin?  Should one get out of it?

https://poloniex.com/exchange#btc_nxt

[easypayment]

i just check my wallet have some Ardor

[barabbas]

"Q: is this dilution?
A: This is a debatable statement. I've seen several takes on it. Good food for discussion."

I really have to laugh...

[farl4web]

What is the story on all this for a newbie buying NXT now on Poloniex?  Is that NXT a dead coin?  Should one get out of it?

https://poloniex.com/exchange#btc_nxt

Dead? 

It's one of the most solid and functional blockchain systems out there. Working like a charm. Use it, enjoy it!   

[Mento]

Sorry! I must have missed. Do I have to tranfer the NXT on the desktop/online wallet or I can keep them on the exchange during the three month snapshotting period?

[farl4web]

Vote for the new Ignis logo
(easily on the Nxt blockchain of course)  

Account: NXT-ZZW7-U2KL-AV2U-8P8FE
Poll ID: 1977236085310946157
The logo's: https://nxtforum.org/general-discussion/ignis-logo-lets-create-one-together!/msg233655/#msg233655

[apenzl]

In case you didn't know...

https://www.nxter.org/nxt-news-july-2017-iv/

You can subscribe to the weekly Ardor + Nxt news here: https://nxter.org/newsletters + follow that https://twitter.com/Nxter_org