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ashapasa
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June 26, 2016, 03:26:19 PM |
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Is keeping my nxt in my exchange account valid?
What if I but nxt from polo and keep it there? Do I receive ardor?
Also how does the snapshot system work? If I have 100 nxt starting July 14 and sell half after a week how much will I receive? Is it 50 ardors? 100+50/2= 50 ardors?
Also how long is this snapshot period? Is till the release of ardor? In this case might it not limit nxt transactions.
Thanks.
P.s I already own nxt but am intending to buy more.
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"Governments are good at cutting off the heads of a centrally
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to be holding their own." -- Satoshi
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habraken
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June 26, 2016, 03:32:24 PM |
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If an exchange has one big nxt wallet for all the customers combined, the exchange's wallet will be used with the snapshots and awarded the Ardor tokens. Depends on the exchange if and how they distribute it amongs their customers.
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marenkar
Newbie
 Offline
Activity: 14
Merit: 0
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June 26, 2016, 04:59:32 PM |
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Is keeping my nxt in my exchange account valid?
What if I but nxt from polo and keep it there? Do I receive ardor?
Also how does the snapshot system work? If I have 100 nxt starting July 14 and sell half after a week how much will I receive? Is it 50 ardors? 100+50/2= 50 ardors?
Also how long is this snapshot period? Is till the release of ardor? In this case might it not limit nxt transactions.
Thanks.
P.s I already own nxt but am intending to buy more.
Hi ashapasa, We're working with the exchanges so you'll be able to keep it there and not have to move it to your wallet. We'll be posting an announcement once things get finalized. The snapshot system for ARDR averages throughout the entire snapshotting period. So if you had 100 NXT at the start and sold all of that halfway (not one week) through the snapshotting period, then you would receive 50 ARDR. However, since you won't have any at the end, you will receive 0 FNX. The snapshotting period is from July 14th until October 12th - about three months. Thanks for intending to buy more!  If an exchange has one big nxt wallet for all the customers combined, the exchange's wallet will be used with the snapshots and awarded the Ardor tokens. Depends on the exchange if and how they distribute it amongs their customers.
Hi habraken, We're trying to work with the exchanges to make this as easy as possible Will keep you guys updated |
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TravelsAsia
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June 26, 2016, 07:17:27 PM |
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Intriguing look forward to see this become notable
Anyone else surprised we haven't seen an even bigger buy-in? People are willing to throw thousands of BTC at unproven ICOs and here we have a major upgrade to an established project. Not really tbh. This is not an ICO, and it lacks the high level speculation aspect and potential to make 5-10x amount of money in a very short amount of time, like so many other projects out there. That seem to be what attracts most interest these days. You bet its not. It is a reward or incentive hodling NXT. Much like a polymorphic digital asset. Nxt is turning out to be pretty cool. Hope more of this happen in 2.0 I'm still surprised people don't see the long term potential with this approach. They have until mid July to figure it out if they want all the rewards. |
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Yuzu
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June 26, 2016, 07:30:00 PM |
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Okay, I think I understand. For me it's basically update my wallet and wait. Ardor won't be distributed until October.
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rytyr
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June 26, 2016, 08:16:45 PM |
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Good plan for Nxt. I own a little stake and considered to sell. I will wait becuase 2.0 looks good.
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farl4web
Legendary
Offline
Activity: 1205
Merit: 1000
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June 26, 2016, 09:20:24 PM |
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Intriguing look forward to see this become notable
Anyone else surprised we haven't seen an even bigger buy-in? People are willing to throw thousands of BTC at unproven ICOs and here we have a major upgrade to an established project. Not really tbh. This is not an ICO, and it lacks the high level speculation aspect and potential to make 5-10x amount of money in a very short amount of time, like so many other projects out there. That seem to be what attracts most interest these days. You bet its not. It is a reward or incentive hodling NXT. Much like a polymorphic digital asset. Nxt is turning out to be pretty cool. Hope more of this happen in 2.0 I'm still surprised people don't see the long term potential with this approach. They have until mid July to figure it out if they want all the rewards. It can become Mining 2.0. Many companies/organizations start their own blockchain and all these chains will be 'mined' with Ardor. 'Mining' multiple childchains on the same time. |
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realm
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June 27, 2016, 12:21:24 AM |
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At block 1,000,000 on October 12th, 2016, snapshotting will stop, and you'll be allowed to trade your Ardor tokens in NXT 1.9 in preparation for the launch of the Ardor blockchain.
Does that means that someone can get ardors on October 12th 2016 at the exchanges without having nxts, or it will be something like asset trading on the NXT 1.9 blockchain? Sorry for the question ,but I am new to nxt. |
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statdude
Legendary
Offline
Activity: 1498
Merit: 1000
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June 27, 2016, 03:17:24 AM |
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watching
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WhatDisk
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June 27, 2016, 03:49:51 AM |
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just a plan? or ?
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box0211
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June 27, 2016, 04:30:51 AM |
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- So how is Ardor different from Ethereum Smart Contracts?
- Wouldn't this make NXT and easy pump as all the speculators would want nxt to hop onto the new Ardor platform when it comes out?
Is ardor the only blockchain that can spawn other blockchains within itself? How is that different from every other blockchain that uses a color coin technology?
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wanderffa
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June 27, 2016, 05:34:14 AM |
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I am looking forward to NXT 2.0, hoping to have a leap in the development of it
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farl4web
Legendary
Offline
Activity: 1205
Merit: 1000
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June 27, 2016, 06:52:02 AM |
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just a plan? or ?
No, development already started a few months ago by the core dev team, but this is so new and never done, so it takes time to solve several problems. |
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farl4web
Legendary
Offline
Activity: 1205
Merit: 1000
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June 27, 2016, 06:53:47 AM |
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At block 1,000,000 on October 12th, 2016, snapshotting will stop, and you'll be allowed to trade your Ardor tokens in NXT 1.9 in preparation for the launch of the Ardor blockchain.
Does that means that someone can get ardors on October 12th 2016 at the exchanges without having nxts, or it will be something like asset trading on the NXT 1.9 blockchain? Sorry for the question ,but I am new to nxt. After October 12th everyone will receive assets that represent Ardor tokens, they can be freely traded on the Nxt Asset Exchange. Later they can be converted to real Ardor Tokens. I don't know if the assets will be available on exchanges, that is not mentioned yet. Could be a possibility. |
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Damelon (OP)
Legendary
Offline
Activity: 1092
Merit: 1010
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June 27, 2016, 12:03:08 PM |
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- So how is Ardor different from Ethereum Smart Contracts?
- Wouldn't this make NXT and easy pump as all the speculators would want nxt to hop onto the new Ardor platform when it comes out?
Is ardor the only blockchain that can spawn other blockchains within itself? How is that different from every other blockchain that uses a color coin technology?
- Nxt (and Ardor) have decided very specifically not to go the "Smart Contract" route in 2014. The main reason that was given was that Smart Contracts are open to all kinds of problems, from malicious code to badly written contracts. I think the last weeks proved that these worries were justified. Wat Nxt and Ardor do is implement a collection of "Smart Transactions" that are hardcoded into the system and are executed on the system Nodes. These transactions have been tested and for a lot of use cases are more than enough, especially because they are modular and can be combined into more complex use cases. So there is much flexibility in what can be done, but it's not completely open like Ethereum. As far as we know, Ardor is the only blockchain that is able to do this. |
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jwiz168
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June 27, 2016, 12:08:34 PM |
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Nxt , IMO is reliable next to bitcoin. Its asset-token creation function defined what is cryptocurrency 2.0 is. Eventhough Ethereum spearheaded 3.0 with such smart contract capability of block chain. Nxt 2.0 simply would lay down firm foundation of blockchain technology offers to fintech.
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HCLivess
Legendary
Offline
Activity: 2114
Merit: 1090
=== NODE IS OK! ==
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June 27, 2016, 01:03:35 PM |
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Glad to know he's still out there, watching. Although I have no idea why he would not line to participate in Hodor |
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FXALTareeq
Newbie
Offline
Activity: 28
Merit: 0
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June 27, 2016, 02:34:11 PM |
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- So how is Ardor different from Ethereum Smart Contracts?
- Wouldn't this make NXT and easy pump as all the speculators would want nxt to hop onto the new Ardor platform when it comes out?
Is ardor the only blockchain that can spawn other blockchains within itself? How is that different from every other blockchain that uses a color coin technology?
- Nxt (and Ardor) have decided very specifically not to go the "Smart Contract" route in 2014. The main reason that was given was that Smart Contracts are open to all kinds of problems, from malicious code to badly written contracts. I think the last weeks proved that these worries were justified. Wat Nxt and Ardor do is implement a collection of "Smart Transactions" that are hardcoded into the system and are executed on the system Nodes. These transactions have been tested and for a lot of use cases are more than enough, especially because they are modular and can be combined into more complex use cases. So there is much flexibility in what can be done, but it's not completely open like Ethereum. As far as we know, Ardor is the only blockchain that is able to do this. You might have overlooked the fact that Burst has already done this i.e. Smarts Contracts via Automated Transactions https://ciyam.org/at/Just because Ethereum or the DAO has a problem executing them doesn't mean its not viable and can't be done. Burst has proven that it can thus far. |
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tyz
Legendary
Offline
Activity: 3360
Merit: 1530
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June 27, 2016, 05:22:59 PM |
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As a Nxt investor who has been with Nxt since November 2013 and who has seen all the up and downs of Nxt, I really appreciate the new plans. Although, I do not really understand Ardor fully yet, I definetely will keep my Nxt stake and hope the best for Nxt 2.0. Will watch all the upcoming developments.
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