[NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread

[gustav]

hello. One question:
Can i wait for launch and claim my stake directly in nemcoin with less hassle (one-click-solution) later or do i have to claim the stake via those tokens? Is claiming tokens obligatory? Do i miss out on something if i don't claim tokens? (i want to hold nem for longterm, no need to trade them immediately for me)
Do i understand right that claiming those tokens has the sole prurpose to enable trading before launch or did i miss something?
Thanks for short answer.

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[tinadrake]

Fellow NEMers, anyone have an opinion on NXT Lite? https://bitcointalk.org/index.php?topic=590421 Their IPO is ending soon, should I take a chance or is it a scam?

Their are better projects to put your money in. No one will tell you them because they are waiting for the projects to be released. Once they are released they will start promoting them like crazy and by that time it is too late to make big profits. That's all I can say.

NXTL also seems like it has a probable huge number of sock puppets, something which people raised issue over but nothing was really done about it,

Are there better projects?  Honestly hard to say, I read the ANN section all the time and don't really see any.  Most of the alts coming out are still first generation $hitclones

Thanks. I was mainly looking out to see if it was associated with any big red flags. I'll take a gamble, if it bombs it won't be that much of a loss. As the saying goes, nothing ventured, nothing gained.

[patmast3r]

hello. One question:
Can i wait for launch and claim my stake directly in nemcoin with less hassle (one-click-solution) later or do i have to claim the stake via those tokens? Is claiming tokens obligatory? Do i miss out on something if i don't claim tokens? (i want to hold nem for longterm, no need to trade them immediately for me)
Do i understand right that claiming those tokens has the sole prurpose to enable trading before launch or did i miss something?
Thanks for short answer.

Claiming tokens is optional. You won't miss anything if you don't claim tokens on the NXT AE. 

I doubt that claiming your stake the "traditional" way will be a one-click-solution. How do you suppose that would work ?

[gustav]

hello. One question:
Can i wait for launch and claim my stake directly in nemcoin with less hassle (one-click-solution) later or do i have to claim the stake via those tokens? Is claiming tokens obligatory? Do i miss out on something if i don't claim tokens? (i want to hold nem for longterm, no need to trade them immediately for me)
Do i understand right that claiming those tokens has the sole prurpose to enable trading before launch or did i miss something?
Thanks for short answer.

Claiming tokens is optional. You won't miss anything if you don't claim tokens on the NXT AE. 

I doubt that claiming your stake the "traditional" way will be a one-click-solution. How do you suppose that would work ?

thx
I thought there would be a nem-software to download later that would work similar like a bitcoin-wallet? No?

[patmast3r]

hello. One question:
Can i wait for launch and claim my stake directly in nemcoin with less hassle (one-click-solution) later or do i have to claim the stake via those tokens? Is claiming tokens obligatory? Do i miss out on something if i don't claim tokens? (i want to hold nem for longterm, no need to trade them immediately for me)
Do i understand right that claiming those tokens has the sole prurpose to enable trading before launch or did i miss something?
Thanks for short answer.

Claiming tokens is optional. You won't miss anything if you don't claim tokens on the NXT AE. 

I doubt that claiming your stake the "traditional" way will be a one-click-solution. How do you suppose that would work ?

thx
I thought there would be a nem-software to download later that would work similar like a bitcoin-wallet? No?

Of course there'll be a wallet but how does that claim your stake ? Anyone can use the wallet so you can't just include stakes in wallets.

[oleyla]

utopianfuture:
specify when will be the first auction.
very interesting what will be the cut-off price share.

[boshi]

hello. One question:
Can i wait for launch and claim my stake directly in nemcoin with less hassle (one-click-solution) later or do i have to claim the stake via those tokens? Is claiming tokens obligatory? Do i miss out on something if i don't claim tokens? (i want to hold nem for longterm, no need to trade them immediately for me)
Do i understand right that claiming those tokens has the sole prurpose to enable trading before launch or did i miss something?
Thanks for short answer.

welcome to the most grate cryptocurrence community!
A times for NEM is coming!

[waltz]

one day for 2-5 pages! grate community!

[Michael POR]

I live close to a huge university and I think it could bring in a lot of people.
Thanks

[zsutbd]

dont forget to claim your stake! https://bitcointalk.org/index.php?topic=616467.0

I guess that the text above refers to a different claiming than this one from the 1st page: "You will need to access your BTT account to send a PM or make a post confirming the ownership of the account to claim your share. "

read the post on the front page of that linkl!

and there is written: "For current NEM stakeholders, if you want to have NEM stake asset tokens issued..."

"if you want" - so, it is only an option?  Not a must ?

Yes it is optional. You can have a token if you request it, otherwise nothing changes.

Whether any time I can be converted my stake  into NEM tokens before  NEM launch?

[zsutbd]

dont forget to claim your stake! https://bitcointalk.org/index.php?topic=616467.0

I guess that the text above refers to a different claiming than this one from the 1st page: "You will need to access your BTT account to send a PM or make a post confirming the ownership of the account to claim your share. "

read the post on the front page of that linkl!

and there is written: "For current NEM stakeholders, if you want to have NEM stake asset tokens issued..."

"if you want" - so, it is only an option?  Not a must ?

Yes it is optional. You can have a token if you request it, otherwise nothing changes.

Whether any time I can be converted my stake  into NEM tokens before  NEM launch?

Yes you can do it any time you wish between now and launch, but once 1000 stakes have been claimed in this way, no more will be issued and you will have to wait for nems real launch

Why is the limit to 1000 shares? Instead of 2000, if there are many shareholders want to do so. I believe that this will help to improve the effect of NEM and the volume of transactions

[jenea4pda]

Sorry in advance, I didn't read carefully about Nem asset exchange token ,but I will later, of course.

A question- it means that after this point anyone can buy  there and hold 5-50 stakes of NEM officially? If yes-it is going to be between just current NEM stake holders or anyone can enjoy this market?

Of course, price of Nem token will be increasing in this case from day to day (EVEREDAY).

And why not, on the day when You would like to do auction, instead of auction, could sell rest of sockpuppets NEM stakes  like a Nem tokens with price on that day( I mean good market price) This is just like idea.

Cheers.

[zsutbd]

one day for 2-5 pages! grate community!

when  the time for alpha or launch, will be huge，>10 pages each day

[zsutbd]

I live close to a huge university and I think it could bring in a lot of people.
Thanks

Spread the news to all the university students：   BTC 1.0 and NXT 2.0 and NEM 3.0. 

[zsutbd]

Sorry in advance, I didn't read carefully about Nem asset exchange token ,but I will later, of course.

A question- it means that after this point anyone can buy  there and hold 5-50 stakes of NEM officially? If yes-it is going to be between just current NEM stake holders or anyone can enjoy this market?

Of course, price of Nem token will be increasing in this case from day to day (EVEREDAY).

And why not, on the day when You would like to do auction, instead of auction, could sell rest of sockpuppets NEM stakes  like a Nem tokens with price on that day( I mean good market price) This is just like idea.

Cheers.

Yes anyone can go on AE and buy or sell. But i dont think many people will sell much. My advice would be for everyone to sell a small amount of coins early on. And drip feed small amounts into circulation between now and coins launch. This will satisfy the demand, perhaps, increase distribution allot and allow for a steady price rise meaning a stable market with out pump and dumps. It will give many many new people to buy coins at a good price. I think the best thing to do is if you are going to sell coins. Dont dump on the market. Set sell orders for when alpha and beta test come out and more come coins launch. Prevent a massive rise really fast and you prevent the nasty fall back down after, giving confidence in the market for long term investors.

I dont agree with selling auction stakes on the market. The auction will allow big buyers to buy whole stakes off the market and not effect price levels by causing huge fluctuations. Big buyers buy at auction small buyers buy on nem. I think you would actually get a better price at auction too.  There wont be enoguh volume on nxt AE for buyers to buy up entire stakes never mind 2 or 3 stakes, with out pushing the price way above the value they want to buy at.

What should be done is list nem tokens, auction some stakes, then alpha, sell more stakes at auction straight away after alpha or during, then beta, then more auctions during or after beta. Then more auctions just before coins launch. Let the rise in demand be matched by the rise in supply resulting in a steady growth as the number of buyers will slowy over come the amount of people realising a small amount of profit to cover investment.

@zsdutbd

Im sure if there was enough demand and not near enough supply that more stakes would be released on AE. But i wouldnt say that many will be interested in doing this so early. Perhaps later more people will join.

AE should be a good idea, thank you reply。

[gustav]

hello. One question:
Can i wait for launch and claim my stake directly in nemcoin with less hassle (one-click-solution) later or do i have to claim the stake via those tokens? Is claiming tokens obligatory? Do i miss out on something if i don't claim tokens? (i want to hold nem for longterm, no need to trade them immediately for me)
Do i understand right that claiming those tokens has the sole prurpose to enable trading before launch or did i miss something?
Thanks for short answer.

Claiming tokens is optional. You won't miss anything if you don't claim tokens on the NXT AE. 

I doubt that claiming your stake the "traditional" way will be a one-click-solution. How do you suppose that would work ?

thx
I thought there would be a nem-software to download later that would work similar like a bitcoin-wallet? No?

Of course there'll be a wallet but how does that claim your stake ? Anyone can use the wallet so you can't just include stakes in wallets.

so how will stakes be claimed after launch?

[zsutbd]

Sorry in advance, I didn't read carefully about Nem asset exchange token ,but I will later, of course.

A question- it means that after this point anyone can buy  there and hold 5-50 stakes of NEM officially? If yes-it is going to be between just current NEM stake holders or anyone can enjoy this market?

Of course, price of Nem token will be increasing in this case from day to day (EVEREDAY).

And why not, on the day when You would like to do auction, instead of auction, could sell rest of sockpuppets NEM stakes  like a Nem tokens with price on that day( I mean good market price) This is just like idea.

Cheers.

Yes anyone can go on AE and buy or sell. But i dont think many people will sell much. My advice would be for everyone to sell a small amount of coins early on. And drip feed small amounts into circulation between now and coins launch. This will satisfy the demand, perhaps, increase distribution allot and allow for a steady price rise meaning a stable market with out pump and dumps. It will give many many new people to buy coins at a good price. I think the best thing to do is if you are going to sell coins. Dont dump on the market. Set sell orders for when alpha and beta test come out and more come coins launch. Prevent a massive rise really fast and you prevent the nasty fall back down after, giving confidence in the market for long term investors.

I dont agree with selling auction stakes on the market. The auction will allow big buyers to buy whole stakes off the market and not effect price levels by causing huge fluctuations. Big buyers buy at auction small buyers buy on nem. I think you would actually get a better price at auction too.  There wont be enoguh volume on nxt AE for buyers to buy up entire stakes never mind 2 or 3 stakes, with out pushing the price way above the value they want to buy at.

What should be done is list nem tokens, auction some stakes, then alpha, sell more stakes at auction straight away after alpha or during, then beta, then more auctions during or after beta. Then more auctions just before coins launch. Let the rise in demand be matched by the rise in supply resulting in a steady growth as the number of buyers will slowy over come the amount of people realising a small amount of profit to cover investment.

@zsdutbd

Im sure if there was enough demand and not near enough supply that more stakes would be released on AE. But i wouldnt say that many will be interested in doing this so early. Perhaps later more people will join.

AE should be a good idea, thank you reply。

DRK rising trend is amazing in th past few days, hope NEM rising momentum is more in AE....

[utopianfuture]

Gustuv.

Pay out of nem coins, the real ones, will be automated. You will just have to send your tokens to a nxt address along with a nem account number in a message attached and your real coins will be sent to you. If you have .1 tokens you will get .1 of a nem stake in real coins. .1 is a tenth of a stake so 156k coins.

That's  incorrect. 1 Nemstake = 1 million NEM. 1/10 stake (100.000 NEM) is the smallest unit you can trade in asset exchange.

[Chris001]

dont forget to claim your stake! https://bitcointalk.org/index.php?topic=616467.0

I guess that the text above refers to a different claiming than this one from the 1st page: "You will need to access your BTT account to send a PM or make a post confirming the ownership of the account to claim your share. "

read the post on the front page of that linkl!

and there is written: "For current NEM stakeholders, if you want to have NEM stake asset tokens issued..."

"if you want" - so, it is only an option?  Not a must ?

Yes it is optional. You can have a token if you request it, otherwise nothing changes.

Whether any time I can be converted my stake  into NEM tokens before  NEM launch?

Yes you can do it any time you wish between now and launch, but once 1000 stakes have been claimed in this way, no more will be issued and you will have to wait for nems real launch

Why is the limit to 1000 shares? Instead of 2000, if there are many shareholders want to do so. I believe that this will help to improve the effect of NEM and the volume of transactions

To give people a chance to request to use MSC and XCP instead of NXT if they want to

[utopianfuture]

hello. One question:
Can i wait for launch and claim my stake directly in nemcoin with less hassle (one-click-solution) later or do i have to claim the stake via those tokens? Is claiming tokens obligatory? Do i miss out on something if i don't claim tokens? (i want to hold nem for longterm, no need to trade them immediately for me)
Do i understand right that claiming those tokens has the sole prurpose to enable trading before launch or did i miss something?
Thanks for short answer.

In that case you should wait for the official launch because you can receive NEM earlier (probably on the launch day depending on the logistics). Token owners will receive their NEM two weeks after the official launch.