[ANN] Nxt to NEX Buy In - Exchange 1 Nxt for 50 NEX (MODERATED)

[FrictionlessCoin]

You are only selling 5% to this thread.  That leaves 95% to the "Just Click on Interested" crowd and the developers stake.  I thought I heard you mention that only 300 people signed up on the website. Something doesn't make sense to me.

Does that mean they will have a bigger stake than the people reserving a deal in this thread?  
Can you explain the numbers?  
How is the other 95% being allocated?

My opinion is that 5% is way too low for the only group that's actually paying for a stake.  Unless I'm missing something, please correct me if I'm wrong.

5% is allocated for this NEX exchange.  1% is allocated for VisaCoin holders.   An unknown percentage will be allocated to those 'just interested'.   There are at least 500 'just interested' folks,  we hope to get much more.

Note:  NEX is likely not a 100% proof of stake coin due to its very unfair distribution dynamics.  Distribution will happen with a mechanism other than proof of work, but it will happen over a period similar to proof of work schemes.  Think a year of distribution followed by a low inflation rate.  The initial distribution will however be proof of stake,  so there is an extreme advantage to be in the initial distribution.  

This 5% will be used for continuous development and maintenance of the network.  A stable set of 20 nodes will be allocated on launch to secure the network.  This set will increase over time as the network grows in participation and size.

Thanks.  How many total coins will be in the initial distribution?

Tentatively,  10% of the total distribution of 1 billion coins.  So unlike Nxt where all you get from 'forging' is transaction fees, with NEX proof of stake earns you much more.

[peter1940]

I will pledge 10000 nxt

[feixiangyu]

2000 nxt pledged

[CoinManiac]

Adding 1000 NXT

I want to re-pledge it to 2000 NXT. Please update FrictionlessCoin

[FrictionlessCoin]

Spreadsheet updated

708,248 Nxt Pledged.

[jman887854]

I'll pledge 2500 nxt

[theironman]

1000 nxt pledged

[colombuszka]

I pledge 250 NXT, count me in

[SyRenity]

Please increase my pledge to 10K.

Thanks.

[rtstrx]

I pledge 10000 NXT.

Thanks!

[jubalix]

ok I recall this was just say interested then you get a stake.

in any even I pledge 2500NXT

is that how I get a stake?

[FrictionlessCoin]

ok I recall this was just say interested then you get a stake.

in any even I pledge 2500NXT

is that how I get a stake?

@ 50:1 2,500 NXT = 125,000 NEX.

Saying you are interested gives you a percentage of NEX allocated from that pool.  The amount of NEX will depend on:

(1) how many people have expressed interest.
(2) how many NEX will be allocated for this.

[hendr1x]

I pledge 2000

[qingmu1992]

I pledge 2000

[qiushui113]

interested, but only selling 5% to this thread,,emmmm

[ashao1015]

Very interested.
I pledge 4000 nxt

[sx020204]

interested，but what is VisaCoin holders?

[wizzardTim]

interested，but what is VisaCoin holders?

Some people, including me, that got scammed by VisaCoin member

[flipstyle]

Please put me down for 10,000nxt.

Thank you.

[flipstyle]

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.