Final refund of initial DOT used to purchase Cryptopia listing has been returned and we will soon begin the sale of 1 million DOT to convert it into BTC and shortly after will be returned to investors and put to vote which exchange, (if any) we may purchase a listing for NNC.
In the meantime we will move forward with the utilization of our resources (video library, video player and adserver) to maximizes revenue and growth. Our development team have been hard at work with the development of our latest Nithryum Assest token which is a smart contract build on the UBiQ blockchain; read more about it here
http://nicnaccoins.com/cash/www/pages/Nithryum-TokenThe final decision on the status of NNC lies with our financial investors and core community of supports. We imagine it may take some time to dump 1 million DOT on the market without driving the price below our entry point as to negate any losses. The protection on NNC remains our prime objective as we not seek to rush the coin to any exchange and watch it's value trade near 1 satoshi fueled my miners only seeking short term gain. The average listing for currency exchange has rapidly increased to an average of 3 to 5 BTC and will be a point discussed with our investors.
We will provide updates as soon as they become available about the direction of NNC and NIT
It's good to know that the project is not abandoned and the dev still active.
Is the NIT replacement for NNC?
Maybe make a swap from NNC to NIT.
NNC and NIT will remain two seperate currency and no swap is in plan for one currency in exchange for the other.
Development is continuing and ongoing for both projects.
Again NNC is currently in a fundraising effort fueled by the sale of 1 million DOT to be used for purchase of exchange listing should all investors agree to pursue the purchase of exchange listing.
NIT is a currency currently used by advertisers to execute purchase contracts of ad space on the Nithrius platform.
We will provide updates as soon a possible, though at the moment the we are still in the process of selling the refunded DOT