[ANN] NEX :: Nxt Reimagined - Industrial Strength - Imagine Fairness!

[qingmu1992]

That means if there are 3000 people show interest , I just have one stake, I just get only 1666NEX?

Yes.  That is correct.   If all you did was registering your email at www.nexcoin.net and only 3,000 people did so,  then 1,666 NEX is what you will receive.

Now if you

(1) Liked on FaceBook
(2) Followed on Twitter
(3) Referred 5 other unique users

Then you will get 1,666 x 8 = 13,328 NEX.

I think the 5m is so little.
Can you make it large ?
I think when it become larger, people will get more Motivation.
BTW, the NEM give out one stake 1m NEM.

it is not set in stone yet,  but if the participation is greater,  then certainly more than 5m would be needed.

NEM is 4 billion coins.  I think 4,000 particpants but people had to pay in.  The model with NEX is different because 90% of distribution is made via mining and proof of stake.  

But taking part in NEM will not cost much.
And you have the most coin ,so you will mine the most coin of 90%.

[FrictionlessCoin]

That means if there are 3000 people show interest , I just have one stake, I just get only 1666NEX?

Yes.  That is correct.   If all you did was registering your email at www.nexcoin.net and only 3,000 people did so,  then 1,666 NEX is what you will receive.

Now if you

(1) Liked on FaceBook
(2) Followed on Twitter
(3) Referred 5 other unique users

Then you will get 1,666 x 8 = 13,328 NEX.

I think the 5m is so little.
Can you make it large ?
I think when it become larger, people will get more Motivation.
BTW, the NEM give out one stake 1m NEM.

it is not set in stone yet,  but if the participation is greater,  then certainly more than 5m would be needed.

NEM is 4 billion coins.  I think 4,000 particpants but people had to pay in.  The model with NEX is different because 90% of distribution is made via mining and proof of stake.  

But taking part in NEM will not cost much.
And you have the most coin ,so you will mine the most coin of 90%.

Do you actually know the percentage of NEM that is owned by the developers?  Maybe you need to ask them.

[qingmu1992]

That means if there are 3000 people show interest , I just have one stake, I just get only 1666NEX?

Yes.  That is correct.   If all you did was registering your email at www.nexcoin.net and only 3,000 people did so,  then 1,666 NEX is what you will receive.

Now if you

(1) Liked on FaceBook
(2) Followed on Twitter
(3) Referred 5 other unique users

Then you will get 1,666 x 8 = 13,328 NEX.

I think the 5m is so little.
Can you make it large ?
I think when it become larger, people will get more Motivation.
BTW, the NEM give out one stake 1m NEM.

it is not set in stone yet,  but if the participation is greater,  then certainly more than 5m would be needed.

NEM is 4 billion coins.  I think 4,000 particpants but people had to pay in.  The model with NEX is different because 90% of distribution is made via mining and proof of stake.  

But taking part in NEM will not cost much.
And you have the most coin ,so you will mine the most coin of 90%.

Do you actually know the percentage of NEM that is owned by the developers?  Maybe you need to ask them.

I know. It is 5%.
But if you get the 45m , you will mine more NEX . So finally you will get more than 5%.
BTW, how many people have shown interest?

[qingmu1992]

That means if there are 3000 people show interest , I just have one stake, I just get only 1666NEX?

Yes.  That is correct.   If all you did was registering your email at www.nexcoin.net and only 3,000 people did so,  then 1,666 NEX is what you will receive.

Now if you

(1) Liked on FaceBook
(2) Followed on Twitter
(3) Referred 5 other unique users

Then you will get 1,666 x 8 = 13,328 NEX.

I think the 5m is so little.
Can you make it large ?
I think when it become larger, people will get more Motivation.
BTW, the NEM give out one stake 1m NEM.

it is not set in stone yet,  but if the participation is greater,  then certainly more than 5m would be needed.

NEM is 4 billion coins.  I think 4,000 particpants but people had to pay in.  The model with NEX is different because 90% of distribution is made via mining and proof of stake.  

But taking part in NEM will not cost much.
And you have the most coin ,so you will mine the most coin of 90%.

Do you actually know the percentage of NEM that is owned by the developers?  Maybe you need to ask them.

I know. It is 5%.
But if you get the 45m , you will mine more NEX . So finally you will get more than 5%.
BTW, how many people have shown interest?

At the start of NEM, they just get 5%  but you will get 45%(if you will put 45m to you).

[TanteStefana]

I'll give this a try

[FrictionlessCoin]

At the start of NEM, they just get 5%  but you will get 45%(if you will put 45m to you).

45m is less than 5% of the total 1 billion.

Mining has no relationship with proof of stake.  

If you want more stake, then I suggest that you exchange Nxt for NEX.   

A lot of people will complain if more stake is given to people who did not pay in.  So there is a balance that needs to be preserved. 

[FrictionlessCoin]

interested

You have to leave email at www.nexcoin.net  ,  saying "interested" here in Bitcointalk.org is not allowed.

[FrictionlessCoin]

At the start of NEM, they just get 5%  but you will get 45%(if you will put 45m to you).

45m is less than 5% of the total 1 billion.

Mining has no relationship with proof of stake.  

If you want more stake, then I suggest that you exchange Nxt for NEX.  

A lot of people will complain if more stake is given to people who did not pay in.  So there is a balance that needs to be preserved.  

Carlos, we all know that you are completely mad at Nxt due to your envy illness and you've been going on and on spreading misinformation. It is probably hard for you to face that your NEX babbling project is essentially set to an end since NEM is basically what you had hoped to achieve. It is backed by a large enthusiastic community and an actual development team. You failed, you are out already. Carry on man.

I have no opinion about NEM. 

[Stadtfeger]

I am very unsure ... too little info ... on the homepage is only 08/15 and the whole system has indeed changed.
I think I will buy only after the whole is started (if it ever starts)?
So to me there is definitely no Next before the start

regards

[JustAskMrVirus]

@Frictionless

Any idea how many 'interested' stakes there currently are?

[FrictionlessCoin]

@Frictionless

Any idea how many 'interested' stakes there currently are?

At least 400 interested folks via email.

I stopped counting those here at page #26.  Which was around 200.  So let's just say there are 400 here.

Likely 800 right now.  That is just a rough estimate.

[qingmu1992]

Do you mean 50 million for NXT? So 45 million split between the 'interested' stakeholders'? How many stakeholders are there currently? Will the stakeholder list be updated soon, my email hasn't appeared there yet.
The minding/forging stuff sounds pretty interesting! Three weeks is pretty soon; will there be a wallet/client and an exchange by then or..? Also, how will the coins be delivered?

Thanks, sorry for all the questions!

45 million TBD.   At a minimum, 5 million split among interested stakeholders... this involves
(1) Sending your email
(2) Referring people using the referral link
(3) Liking on Facebook  http://www.facebook.com/NEXcoin
(4) Following on Twitter. http://www.twitter.com/NEXcoin

Each one counts for more stake.  Note: (1) and (2) must come from different people.

A wallet will be made available to receive coins. 

what the meaning of TBD?

TBD - To Be Determined

Why the TBD is so large?

The cost to maintain a secure and robust P2P network can become very expensive.  45 milion is less than 5% of the total distribution.   Consider the cost of development and infrastructure,  then this is a better alternative than many of the alt-coin that have have been abandoned due to lack of development and maintenance.  If NEX is to be the most advanced Crypto-currency then it absolutely needs ongoing development.

We are familiar with this problem of not receiving enough funds for development.  We maintain iXcoin development and it has always been a problem raising coin to facilitate improvement of the coin.

As you say, You will get most coins .
At the same time, we who show interest will Divide the 5m?
If you have the 45m NEX, and you will mine more NEX so you will get more NEX than just 5%.

Total coins is 1 billion.  There are two ways to get coins... this is similar to PeerCoin. 

(1) Mining (The actual method has not been revealed)
(2) Proof of Stake

Like Peer coin you get more coins if you mine.  Proof of stake just pays a percentage (TBD) and fees.

The majority distribution is via mining.  The difference with NEX and  all other coins is that mining does not require a lot of hardware!

What we are trying to design is the correct economic incentive model so that the network remains secure and robust.  This is critical,  the incentive structure most promote the growth of the P2P network.

can you explain more about mine?
mine isn＇t like nxt?

[moooongish]

I am interested

[FrictionlessCoin]

Oh last question.  But in your OP, you basically linked to another coin ANN thread that was made before this one was, and copied and pasted the lvl1 and lvl2 coin implementation scheme.

I don't get it.  Are you the toplevel coin developer as well?  Or are you just going to copy their idea for nex?  It would just seem weird that there are going to be 2 virtually identical coins coming out soon both with initial investor funds accrued?

Would appreciate your reply for clarification.  Thanks.

The Level Coin was a proposed idea.  I am not exactly sure what happened to that coin.

However, NEX is much more than just an elaborate proof of stake/proof of burn system.   

More details will be revealed when the code is launched. 

However, suffice it to say, there is nothing out there like NEX.

There are other 2nd generation coins like Mastercoin, CounterParty and Nxt.   However, once NEX design is revealed, it will become obvious of its superior desgin over these coins.

Apologies that I can't devulge more information.

P.S.  Note:  This fundraising is to pay for development expenses.  It will top out at 1,000,000 Nxt. 

[twistelaar]

Im interested, do I have to do something, or send NXT somewhere to get my stake?

[2Kool4Skewl]

Oh last question.  But in your OP, you basically linked to another coin ANN thread that was made before this one was, and copied and pasted the lvl1 and lvl2 coin implementation scheme.

I don't get it.  Are you the toplevel coin developer as well?  Or are you just going to copy their idea for nex?  It would just seem weird that there are going to be 2 virtually identical coins coming out soon both with initial investor funds accrued?

Would appreciate your reply for clarification.  Thanks.

The Level Coin was a proposed idea.  I am not exactly sure what happened to that coin.

However, NEX is much more than just an elaborate proof of stake/proof of burn system.  

More details will be revealed when the code is launched.  

However, suffice it to say, there is nothing out there like NEX.

There are other 2nd generation coins like Mastercoin, CounterParty and Nxt.   However, once NEX design is revealed, it will become obvious of its superior desgin over these coins.

Apologies that I can't devulge more information.

P.S.  Note:  This fundraising is to pay for development expenses.  It will top out at 1,000,000 Nxt.  

1 MILLION NXT!  lol

Please do not give him anything.  WHAT A TOTAL SCAM!

[landomata]

SCAM!!!!!!!!!!


STAY AWAY FROM THIS GUY!

[Coinonaer]

SCAM

[Eadeqa]

P.S.  Note:  This fundraising is to pay for development expenses.  It will top out at 1,000,000 Nxt.  

Weird last week you were claiming your coin would launch in early March, but now you want one million Nxt ($60,000 ) !!

Scam

[2Kool4Skewl]

There are other 2nd generation coins like Mastercoin, CounterParty and Nxt.   However, once NEX design is revealed, it will become obvious of its superior desgin over these coins.

Apologies that I can't devulge more information.

P.S.  Note:  This fundraising is to pay for development expenses.  It will top out at 1,000,000 Nxt. 

"Obvious of its superior desgin" but can't spell "design" and thinks "divulge" is spelled "devulge".