| Nxt | Blockchain Platform | Proof of Stake | Official

[yassin54]

Thanks Kushti!

[habraken]

The price has been risen by almost 25% in 24hrs  Has there been released a new killer feature ?

It's just some Chinese on BTC38 pumping alts

[nzminer]

The price has been risen by almost 25% in 24hrs  Has there been released a new killer feature ?

It's just some Chinese on BTC38 pumping alts

Yeah i wouldnt buy any coin right now there will be another dip just like the other week.
Good time to dump on the waves and buy back cheap though.

[superresistant]

I remember reading something about how an independent coin could be brought onto the NXT network, I don't remember if this was in the plans, in the works, or something that already exists, I have a coin that would be interested in that.  what is the status on that please?

It does already exist!
Its called the NXT Monetary System (ME)!

I'm not sure if you are joking or serious but, I know ME is for new coin production, but I'm referring to an existing coin with it's own blockchain being brought over to the NXT system, would that be via the ME, if so how would that logistically occur?  

They were talking (jokingly) about rescuing LTC by bringing it over to Monetary System (MS) here: https://nxtforum.org/general-discussion/ltc-is-about-to-disintegrate-we-need-to-reach-out-and-wint-them-over-to-nxt/
No technical info in that thread, but maybe some people that know how to implement such a plan.
Also some comments on the idea here: https://nxtforum.org/general-discussion/launching-1-4/msg143296/#msg143296 and here https://nxtforum.org/monetary-system/will-there-be-a-mechanism-to-bring-existing-currencies-into-ms/

What do you guys think ?
https://nxtforum.org/monetary-system/will-there-be-a-mechanism-to-bring-existing-currencies-into-ms/msg185032/#msg185032

[TaunSew]

nxt

80% of this page is occupied by "NXT dead"

looks like next coin is over

NxT deaded, it was scam from beginning.  

[LiQio]

"Crypto 2.0 Musings - Simple Attestations" by Alex Batlin (Applied Innovation, Tech Research and Crypto 2.0 Lead at UBS)

https://www.linkedin.com/pulse/crypto-musings-simple-attestations-alex-batlin

[bitcoinrocks]

Will I receive dividends from my holdings on secureae.com?

[Sebastien256]

Will I receive dividends from my holdings on secureae.com?

If asset is paying dividend, yes. secureae is only a wrap around the Nxt software.

[SebastianJu]

When issueing a security on nxt marketplace, is it true that the issuer has to pay all dividends in nxt? That sounds like a problem since if an issuer made a couple thousands of profit in USD, then he would have to exchange it to a cryptocurrency in order to pay out divs. If he would be able to use bitcoin then he would have no trouble. He could turn the value into bitcoins pretty fast. Though with nxt i guess the orderbooks and trades arent so big that it wouldnt mean to either wait a long time until you exchanged or to lose some of your fiat when exchanging.

Cant you simply pay out divs in btc?

[EvilDave]

Well.....yes, Nxt Asset Exchange is kind of biased towards using NXT as its default currency, but with a bit of imagination you should be able to figure out a method to pay out Nxt-based dividends in BTC or anything else you can think of.

Thinking out loud:
Multigateway has possibilities, maybe Shapeshift or Coinomat
give you a lot of possibilities for automating NXT<>whatever conversion.

The only real issue I can see with paying out dividends in BTC (or whatever) is that the asset issuer will need to have BTC/whatever addresses of the asset holders to make a dividend payout.
This could make buying into the asset slightly more complex, ie the asset buyer will have to send a BTC/whatever address to the issuer (via Nxt messaging  ) in order to recieve dividend payouts.

For the rest: yeah, shouldn't be a problem if you can find someone to code up an automated payout process.
If you really want to do this......ask on the NXTforum:
https://nxtforum.org/asset-exchange-general/

Having said all that, NXT liquidity is reasonable right now, with 24 hour trading round the $50,000 mark, so being paid out in NXT isn't all that bad...

[TwinWinNerD]

When issueing a security on nxt marketplace, is it true that the issuer has to pay all dividends in nxt? That sounds like a problem since if an issuer made a couple thousands of profit in USD, then he would have to exchange it to a cryptocurrency in order to pay out divs. If he would be able to use bitcoin then he would have no trouble. He could turn the value into bitcoins pretty fast. Though with nxt i guess the orderbooks and trades arent so big that it wouldnt mean to either wait a long time until you exchanged or to lose some of your fiat when exchanging.

Cant you simply pay out divs in btc?

you can pay dividends as an asset token. For example mgwBTC which can be withdrawn for BTC automatically.

[SebastianJu]

Well.....yes, Nxt Asset Exchange is kind of biased towards using NXT as its default currency, but with a bit of imagination you should be able to figure out a method to pay out Nxt-based dividends in BTC or anything else you can think of.

Thinking out loud:
Multigateway has possibilities, maybe Shapeshift or Coinomat
give you a lot of possibilities for automating NXT<>whatever conversion.

The only real issue I can see with paying out dividends in BTC (or whatever) is that the asset issuer will need to have BTC/whatever addresses of the asset holders to make a dividend payout.
This could make buying into the asset slightly more complex, ie the asset buyer will have to send a BTC/whatever address to the issuer (via Nxt messaging  ) in order to recieve dividend payouts.

For the rest: yeah, shouldn't be a problem if you can find someone to code up an automated payout process.
If you really want to do this......ask on the NXTforum:
https://nxtforum.org/asset-exchange-general/

Having said all that, NXT liquidity is reasonable right now, with 24 hour trading round the $50,000 mark, so being paid out in NXT isn't all that bad...

Thanks for answering.

Yes, i think it would not be good having to ask for a bitcoin address. NXT would then have the advantage of allowing trades of shares but the disadvantage of having to handle new owners manually. It would make paying out divs a bit easier than having to handle direct shares only.

Hm... liquidity is high enough you say? Ill see how the issuer sees it. Though... its not bitcoin anymore. :/

When issueing a security on nxt marketplace, is it true that the issuer has to pay all dividends in nxt? That sounds like a problem since if an issuer made a couple thousands of profit in USD, then he would have to exchange it to a cryptocurrency in order to pay out divs. If he would be able to use bitcoin then he would have no trouble. He could turn the value into bitcoins pretty fast. Though with nxt i guess the orderbooks and trades arent so big that it wouldnt mean to either wait a long time until you exchanged or to lose some of your fiat when exchanging.

Cant you simply pay out divs in btc?

you can pay dividends as an asset token. For example mgwBTC which can be withdrawn for BTC automatically.

Are these tokens backed up for sure? The backup cant be proven, right? So lets say the issuer buys bitcoins at his exchange, then pays those coins to mgwbtc and gets token for it. Then the issuer can spread them as dividends and the shareholders then can get bitcoins for sure? Or is there a risk the token owner runs with the bitcoins? That would not make sense using them otherwise.

[TwinWinNerD]

Well.....yes, Nxt Asset Exchange is kind of biased towards using NXT as its default currency, but with a bit of imagination you should be able to figure out a method to pay out Nxt-based dividends in BTC or anything else you can think of.

Thinking out loud:
Multigateway has possibilities, maybe Shapeshift or Coinomat
give you a lot of possibilities for automating NXT<>whatever conversion.

The only real issue I can see with paying out dividends in BTC (or whatever) is that the asset issuer will need to have BTC/whatever addresses of the asset holders to make a dividend payout.
This could make buying into the asset slightly more complex, ie the asset buyer will have to send a BTC/whatever address to the issuer (via Nxt messaging  ) in order to recieve dividend payouts.

For the rest: yeah, shouldn't be a problem if you can find someone to code up an automated payout process.
If you really want to do this......ask on the NXTforum:
https://nxtforum.org/asset-exchange-general/

Having said all that, NXT liquidity is reasonable right now, with 24 hour trading round the $50,000 mark, so being paid out in NXT isn't all that bad...

Thanks for answering.

Yes, i think it would not be good having to ask for a bitcoin address. NXT would then have the advantage of allowing trades of shares but the disadvantage of having to handle new owners manually. It would make paying out divs a bit easier than having to handle direct shares only.

Hm... liquidity is high enough you say? Ill see how the issuer sees it. Though... its not bitcoin anymore. :/

When issueing a security on nxt marketplace, is it true that the issuer has to pay all dividends in nxt? That sounds like a problem since if an issuer made a couple thousands of profit in USD, then he would have to exchange it to a cryptocurrency in order to pay out divs. If he would be able to use bitcoin then he would have no trouble. He could turn the value into bitcoins pretty fast. Though with nxt i guess the orderbooks and trades arent so big that it wouldnt mean to either wait a long time until you exchanged or to lose some of your fiat when exchanging.

Cant you simply pay out divs in btc?

you can pay dividends as an asset token. For example mgwBTC which can be withdrawn for BTC automatically.

Are these tokens backed up for sure? The backup cant be proven, right? So lets say the issuer buys bitcoins at his exchange, then pays those coins to mgwbtc and gets token for it. Then the issuer can spread them as dividends and the shareholders then can get bitcoins for sure? Or is there a risk the token owner runs with the bitcoins? That would not make sense using them otherwise.

Its called multigateway and the backing is 100%. Its a multisignature setup managed by superNET. You can find out more here: https://multigateway.org/

[bizz]

Buying larger amounts of nxt for divs could be done by http://www.liquidtech.info/ondemand. Never tried it though

[nexern]

perhaps this is another, simple and solid solution for external divi payments.

shareholder register an alias pointing to a BTC address for dividends.
no need for tracking ownership now. query the standard api for shareholders
as usual when divis are triggered and pay out directly in BTC to the alias target.

target address can be modified also if needed. this approach can be used
to handle any coin for any divis. alias could be like this: divi2btc1... or divi2ltc1...

would cost one time 1 cent for a schareholder but it's worth and very flexible.

ps: an divi2nxt... could be use to redirect divi payments into a cold storage for instance.

[nexern]

here is another, more complex solution.

send a plain text message to yourself, containing a 'action directive' json.
(this is not a valid json, just to show what i mean)

{

   {
      asset: skynet
      action: { split: curr }
      accounts: {

         { curr: btc, acc: 1234567, pct: 50 }
         { curr: nxt, acc: 1234567, pct: 25 }
         { curr: ltc, acc: 1234567, pct: 25 }

      }

   }

   {
      asset: supernet
      action: { split: acc, pct: equal }
      curr: btc
      accounts: {

         {  1234567, 345678, 4567890 }
 
      }

   }
   ...
}

this way nxt could add complex but easy divi handling on user side.
a client plugin could provide this for the shareholder while asset
issuers could read it to handle directives without tracking issues.

just an idea. however, i am sure nxt needs something like this sooner
or later. a handfull succesfull assets, generating revenue streams
outside crypto (fiat) could run quickly into conversion/book draining
problems.

[SebastianJu]

Its called multigateway and the backing is 100%. Its a multisignature setup managed by superNET. You can find out more here: https://multigateway.org/

So its this site. The bitcoin token are not part of the nxt network itself, like it is with bitmarket? but the advantage is that you can buy nxt without crashing the market. Right?

perhaps this is another, simple and solid solution for external divi payments.

shareholder register an alias pointing to a BTC address for dividends.
no need for tracking ownership now. query the standard api for shareholders
as usual when divis are triggered and pay out directly in BTC to the alias target.

target address can be modified also if needed. this approach can be used
to handle any coin for any divis. alias could be like this: divi2btc1... or divi2ltc1...

would cost one time 1 cent for a schareholder but it's worth and very flexible.

ps: an divi2nxt... could be use to redirect divi payments into a cold storage for instance.

Thank you for your tip but i think that will be too complicated for the issuer i have in mind. For the first things shareholders would need to act, which would make trading these shares a bit more complicated. And the issuer is no man who wants to invest much time unfortunately.

I wonder if nxt would have a problem when div payments are sent with btc, not with nxt.

For now it sounds like that multigateway is the easiest way. But still. It would involve another step. Exchanging fiat to btc and then to nxt, then pay out divs.

Hm... would be great it nxt would be as easy to use as one might imagine it.

[nexern]

it is very easy. the alias solution is max. simple and solid and it has zero side effects on trading.
for the issuer it means just ~20 lines of additional code, that's it. skynet for instance will support this
divi solution later just by traversing the shareholders list, scanning for a divi alias. if found, it is used,
if not, a standard nxt payment is made.

however, multigateway is good too.

[SebastianJu]

it is very easy. the alias solution is max. simple and solid and it has zero side effects on trading.
for the issuer it means just ~20 lines of additional code, that's it. skynet for instance will support this
divi solution later just by traversing the shareholders list, scanning for a divi alias. if found, it is used,
if not, a standard nxt payment is made.

however, multigateway is good too.

Ok, then lets speak a bit more about that json. Im not so much into nxt that i know already what its about.

The json is a action directive that gets triggered when paying out divs?

So lets assume you implement the json, then you can have your bitcoins in your own wallet and how would you send out divs then? The shareholders could get their divs as real btc in their own wallets. Not btc tokens?

Im sorry but im very new to nxt and i did not understand the system so well.

[PotShot-RSA]

Can't the SAE work for this? Any Nxt user can go to secureae.com, click Sign In, Nxt Client Login, login with the secret phrase and click the Deposit BTC link, where you will be assigned a permanent BTC address for that Nxt account.

Any BTC deposits to that BTC address will be exchanged for you by the SAE and the nxt will appear in your Nxt account.

I'm not sure what the SAE fees are.