Nevra (XEV) - Project is Terminated

[sprinkles]

Just found this and it looks like a real gem.

Attempting to acheive an equal and fair distribution is certainly no easy task on the Bitcointalk forums with so many people owning multiple accounts to take advantage of any airdrops that come up.

NEM is without doubt the greatest airdrop that we have seen and I was fortunate enough to be in the right place at the right time when NEM was announced. Things did not turn out so lucky for me with NEM however in the end.

The NEM registration process was very open and only required a post expressing interest for the first 4000 accounts I seem to remember. This process still took a while as there were not anywhere near as many people around back then. I think that beyond the first few pages of the thread, very small but increasing NXT donations were required. The open nature of the stake claiming of course led to a lot of people making multiple claims with different accounts.

The earliest price I remember for NEM was that people were trading stakes for around 30 LTC in an OTC thread. When it first listed on Poloniex it was around 150 satoshi/NEM. This was about 2.5 BTC per stake. For anyone holding multiple stakes this was a massively easy sell and so the price began a downward grind all the way to 30 satoshi. Sadly for me I sold all my NEM at around 75 sats for a grand total of around 1.7 BTC. NEM wasn't very long after the Communitycoin and Sharecoin projects which were fully distributed via Bitcointalk and it did seem at the time that NEM was going to follow the price trajectory of these coins which ended up worthless. My son was born around this time and I went into crypto hibernation and never really looked back on the NEM project after selling. This was a harsh lesson and I now always hold a bag of any coin, just in case!

With the parallels Nevra will have with NEM in terms of the distribution, it makes a lot of sense to fork the NEM code base as a starting point. As well as the fact that the tech behind NEM actually turned out to be pretty awesome. It's quite interesting that NEM was originally going to fork NXT to make a more fairly distributed version of that coin. Maybe someone will fork Nevra in a few years to try and iron out anything that doesn't go quite right with the distribution method here.

If this project can manage to get these stakes in the hands of something close to 1000 unique individuals then it will be quite an achievement and something that I'd really like to be involved in. Maybe it will allow me to put my NEM demons to rest!

Something like that also happened to me. I was part of the nem token distribution and you only had to send $5 to get a stake in the nem token. I kept up with the NEM token for quite sometime, until I was fed up of declining prices of the token and finally I sold it for 0.8btc or even less. Not realizing that was the only bottom NEM has ever reached. I was under a debt to somebody and I had to give up on those coins as I couldn't bring myself to take more debt in hopes of NEM token going bigger. (ShareX and communitycoin etc were dying in those days, due to the lack of general public interest). Now the dynamics of cryptocurrency markets are different and I have high hopes with XEV. I think this coin will stand out of the crowd if it can overcome the common problem of distribution. I believe even the NEM was victim of sock puppets. Don't you think?

This was also the time when NEM stakeholders were sent fake emails pretending to be NEM developers. And I got phished out with it too. And was used to send emails to more stakeholders. Also the why I have a negative trust.

I think there are a lot of us that made the same mistake with NEM.
But we are all responsible for our own investment decisions and must live with them.
Respect to those stakeholders that held all the way up to Lambo levels who saw the true potential of NEM technology.
Can't help but wonder how things might have gone if there weren't so many sockpuppets dumping the price during that first six months of trading but I doubt I'd have held all the way up to $2!
Good luck with clearing up your negative trust issue.

[1713995825]

1713995825

[SimpleDex.org]

Which exchanges you will be listed?

[djalaluddin]

I am very interested in this project, it seems this project is very promising
But I dont know yet how to join the airdrop project?

[BlackRock]

Some noobs are getting carried away with ICO/Airdrop scams
They don't realize that they are used as minions to work promoting their scammy ICOs ,for peanuts.The value of the coins they receive most times from airdrops are less that the value of  gas required to transfer the tokens

@tk808 how are you planning to weed out fraudulent/fake/multi claimers ? What method of vetting are you planning? similar to NEM ?

[maracuja1]

Hi tk808,

Just wanted to say thank you for the previous two posts, some useful insights and food for thought.

[DKJaiswal]

Count me in! I can translate into Hindi!!

[Irenjosh]

It is true that almost all airdrops are not transparent in their distributions and early adopters benefits a great deal simply because they were fortunate enough. After reading this white paper and understanding that this project aims to solve these problems of past airdrop projects and provide for equality of distribution of the airdrop, trust in the developers and freedom without any authority to enter, I must say that this project is an exciting one to watch out for. From the white paper I can see that the technical blockchain goals are to be updated on the white paper, I look forward to it and hope it will be easy to understand.

Although am just a Jr member with no merit to join in and have a stake in this project, I hope it succeed so that other upcoming airdrop projects will use this and NEM as benchmark to their airdrop projects. Good luck

[alves1603]

Update:

Our website should be launching today, and we'll be releasing our Discord server to those who are interested. I totally understand how making a website really enhances the appeal, and believe me it's been on my mind since we launched this project 8 days ago.



To individuals who express their concerns (re-assurance/insight from me)

There's been some talk on how many followers we have, how much discussions we need outside of Bitcointalk, i agree with you and disagree. All good things take time. Don't be caught up in just mass spam promotions instantly, to generate thousands of hits/views/clicks/registrations immediately. This works well for big ICO's because, the more you promote the more ICO funds you will receive. In due time, everything is going to work out just perfectly for Nevra, through dedication and hard work. Airdrop's seem have to adopted this type of model, and solely rely on their communities for mass-promotions very very quickly. It's short-sighted thinking, because they are being held on by a carrot-on-a-string. Whereby they are actively awarded for their participation, and when they're no more awards, all user interaction is immediately dropped off. (see-case and point any other airdrop occurring/has occurred).

Everything here is going to be natural, we aren't forcing or solicitation anything from users, we aren't forcing users to follow us or etc. Just have a bit of patience and faith, and everything will fall into place. But that's clearly not the case here (or appears not to be), there seems to be a real geniune intrigue and interested on how Nevra is going to play out. If it's successful, then the ultimate vision for this project is to show everyone how an airdrop is done, and how you can achieve a top 100 airdrop coin without all the bullshit AND become rewarded heavily for it. Truly, this is my ultimate goal, is to change how airdrops are done.

I'm going to digress here. I was the CEO of CoinsSource (you can view my profile) and we did all sorts of revolutionary things at the time. But this was the era where all ICO's teams had no transparency. We shortly launched our "Trust Index" which was to verify developers, totally unheard of at the time, no dev was revealing who they were. It shortly became adopted and soon all devs were just releasing their info to the public (unless you had some major work background like come-from-beyond and IOTA/NXT).

The reason that i said if Nevra was a failure we'd abandoned in the Whitepaper, is for cases like this. Where all users just expect to come into a coin with 10k+ users on telegram, 10k+ followers on twitter and etc.

If we wanted to, we could take the textbook meaningless airdrop route and require all that. Even better, we could buy accounts and make bot scripts to fill this coin with hot air. but, it's not going to happen with Nevra.

This coin will be one, if not the most fair distribution, untainted and ever achieved on Bitcointalk. We're going to have Nevra's mainnet compete with some of the top coins in terms of technical appeal. Everything that ICO's ask 10s, 100s of millions for is all going to be done.. properly and fair.


Edit: There's only 1 thing i need and can't do by myself, is interested community members who are interested in helping to build Nevra behind the scenes~my team. I can't build this coin alone, but i can get this coin to nearly to the pinnacle of MT. Everest alone.

I fully agree, what makes a strong currency in the long run is the community involved, who believes in the project, recent example of this is Deeponion, I believe in this project, we will soon have a really strong community.

[chaystar]

Of course. That's the whole idea behind Nevra is a fair and transparent distribution. There are going to be 3 rounds of puppet/malicious account usage beginning shortly after the March 31st deadline.  I suspect it should take about a fewdays-week after March 31st for the Nevra team to filter all accounts. We'll then open a week of community filtering of puppets/cross-reference. Then the team will re-review all accounts.

The entire process will be in the public view. During the community cross-reference, we'll be taking a bounty type approach, where users will be rewarded (an unspecified amount atm) of XEV's once the mainnet goes live for their efforts.

This is and will be a very serious process to me, for the coin, and for the entire community behind Nevra.

Thank you for the very re-assuring response! Wishing you all the best.  

[litec0ins]

It has been ages since I've seen a project like this.

- good clear whitepaper
- straight forward dev
- fair distribution

Even if I won't get considered I wish you good luck, aiming for a fair distribution is admirable in itself.

[maracuja1]

Congratulations for the design, it's really slick and this in coming from another web dev. If you need any help on the JS side or there will be any community parts, count me in. Also if there is a need for a Romanian ANN thread, let me know so i can do it.

I am too new to have been here when NEM or Raiblocks were airdropped and for me being part of the Nevra community makes me feel like a never really missed out on the good crypto projects from their birth.

Looking forward to the next two months here. Cheers!

[pinball_wizard]

Really good to see project growing so fast! discord and website set and ready to explode! Expand with twitter influence now!

[llordheiros]

Honestly, I don't get how this staking and airdrop will be done. Do we just need to post here?

What I can say on this is that you guys got a good idea to filter our potential spammers and bots that will register to you project. Anyway, any clarification with how this airdrop works would be greatly appreciated.

Update:
So got a talk with someone on their discord and all things are cleared out now. Nice way of gathering and selecting people. Feels like everything is on control.

[Curtis Again]

Hi, I worked a lot in the last period and maybe I'm missing some important update. Please, is there a form to join the airdrop? Obviously I read the rules but still I don't get how to apply.
Thanks a lot

[BluRPie]

Thanks for this project and I want to be a stakeholder.
I feel that it is the start of something big. Old school approach to the distribution and verification. (except word - "Airdrop") 

[laurenB7742]

I have a suggestion how to ensure each person receives only one stake of XEV coins. I said person, not member, because many people have more accounts which is not forbidden here, but this is a problem for a project like Nevra, because some people will try to enter more times and you will not be able to find all of them, no matter how many rounds of checks you make.
My suggestion is that each person needs to write his bitcointalk account name on a piece of paper and take a photo with it while holding his ID card with his name visible.
What do you think? These photos would not be public but developer would be the only person to see them and store them till the end of distribution. There comes the Trust aspect of Nevra.

[xda-developer]

Honest approach to distribution of coins and community creation. This approach is different from the gray schemes of coin distribution that use some very popular projects in this forum.

From the point of view of the technological component, NEM is great page of cryptocurrency history, but NEM was not a fork as NEVRA.

[MorettiDV]

I have a suggestion how to ensure each person receives only one stake of XEV coins. I said person, not member, because many people have more accounts which is not forbidden here, but this is a problem for a project like Nevra, because some people will try to enter more times and you will not be able to find all of them, no matter how many rounds of checks you make.
My suggestion is that each person needs to write his bitcointalk account name on a piece of paper and take a photo with it while holding his ID card with his name visible.
What do you think? These photos would not be public but developer would be the only person to see them and store them till the end of distribution. There comes the Trust aspect of Nevra.

I can go to fiverr and pay a person to write on a piece of paper the words that i want(in that case my username) or with his ID card and to take a picture with the paper holding it. This thing will cost me 5-10$ per picture

[BluRPie]

I have a suggestion how to ensure each person receives only one stake of XEV coins. I said person, not member, because many people have more accounts which is not forbidden here, but this is a problem for a project like Nevra, because some people will try to enter more times and you will not be able to find all of them, no matter how many rounds of checks you make.
My suggestion is that each person needs to write his bitcointalk account name on a piece of paper and take a photo with it while holding his ID card with his name visible.
What do you think? These photos would not be public but developer would be the only person to see them and store them till the end of distribution. There comes the Trust aspect of Nevra.

Forget about it. It does not work. First of all it is violate principles of cryptography and second one you can buy photos in the web, it is not expensive.

[BlackRock]

I have a suggestion how to ensure each person receives only one stake of XEV coins. I said person, not member, because many people have more accounts which is not forbidden here, but this is a problem for a project like Nevra, because some people will try to enter more times and you will not be able to find all of them, no matter how many rounds of checks you make.
My suggestion is that each person needs to write his bitcointalk account name on a piece of paper and take a photo with it while holding his ID card with his name visible.
What do you think? These photos would not be public but developer would be the only person to see them and store them till the end of distribution. There comes the Trust aspect of Nevra.

Forget about it. It does not work. First of all it is violate principles of cryptography and second one you can buy photos in the web, it is not expensive.

It is almost impossible to detect multis..even if we use biometrics or DNA
But can try to limit them to minimum possible.