| Nxt | Blockchain Platform | Proof of Stake | Official

[libertynow]

May 2016 Profit Summary (LQD, Asset #17750387231635486778)

Stats URL: http://liquidtech.info/summary
Assets: 325,359
Capital: 8,432,796
ROI: 66.57%
Total Profit: 3,370,122
Divs Paid: 1,011,037
Div/Asset: 3.107 (TX: 13317707396644648277)

Well, I think the numbers speak for themselves.  Profit over 3M NXT or 24BTC!  Massive volume in May mainly from ETH and MAID and then at the end LSK and DOA really brought some great returns this month.  One week, we made over 1 million in trade profits alone.

Still a large part of the total profit came from the drop in the price of NXT, so not great there, but it does increase the fund's NXT value because we mainly hold BTC for trading.  The algorithm is working well, although I'm still tweaking here and there as edge cases arise.

Remember, check your NXT LEDGER for the dividend. If your shares are on Poloniex (https://poloniex.com/exchange#btc_lqd), Tristan has already been alerted and should be paying out soon.

Thanks for your investment.  Feel free to contact me on NXT slack or here on the forum if you have any questions.

LibertyNow

[1713280743]

1713280743

[1713280743]

1713280743

[farl4web]

May 2016 Profit Summary (LQD, Asset #17750387231635486778)

Stats URL: http://liquidtech.info/summary
Assets: 325,359
Capital: 8,432,796
ROI: 66.57%
Total Profit: 3,370,122
Divs Paid: 1,011,037
Div/Asset: 3.107 (TX: 13317707396644648277)

Well, I think the numbers speak for themselves.  Profit over 3M NXT or 24BTC!  Massive volume in May mainly from ETH and MAID and then at the end LSK and DOA really brought some great returns this month.  One week, we made over 1 million in trade profits alone.

Still a large part of the total profit came from the drop in the price of NXT, so not great there, but it does increase the fund's NXT value because we mainly hold BTC for trading.  The algorithm is working well, although I'm still tweaking here and there as edge cases arise.

Remember, check your NXT LEDGER for the dividend. If your shares are on Poloniex (https://poloniex.com/exchange#btc_lqd), Tristan has already been alerted and should be paying out soon.

Thanks for your investment.  Feel free to contact me on NXT slack or here on the forum if you have any questions.

LibertyNow

Great one! Thanks for the dividend!  

I paid the div for my FARLAWEB asset holders too today:  

FARLAWEB (17491339106794048806) Total issued assets: 10000000, Assets to be distributed to: 138375
Summary of proposed distribution of 38108.475 NXT to the 521 assetholders
Based on ownership at timestamp 79489690

[liie888coins]

So, a childchain on Nxt 2.0 doesn't look the same as Nxt 1.x? Or maybe in the beginning, but after a while new functions will be added to the Nxt 2.0 childchains and NOT to Nxt 1.x?

The FNX chain will be as Nxt 1.x with the added benefits of being on the Nxt 2.0 platform.

Nxt 1.x will in this plan only be supported with bugfixes and general support, but work on new features will be done on 2.0. However, if other devs want to work on 1.x, this is still possible. The core team just doesn't have the man hours to do both.

Will holders of Nxt get Nxt 2.0 and Fnxt?

Yes and yes.

They will get Fnxt (now FXT) ata 1:1 ratio based on a three month snapshot period (they will receive assets representing them which will be freely tradeable) and will receive FNX (the Nxt 2.0 tokens if you will) at a 1:0,5 ratio at the time of launch of mainnet 2.0.

When does the snapshot begin? What about Nxt on exchange wallets?

https://nxt.org/roadmap/

Great roadmap.

There will be quite a long transition period allowing both Nxt 1.x and Nxt 2.0 coexist.

This will give enough time for Nxt 1.x holders to decide whether or when they'll switch.

[Damelon]

The Nxt foundation wants to welcome a new member:

Hello everyone,

We decided to publicly disclose that I joined the NXT Foundation a few days ago. While I am not the most active person on the forum I work as a banking consultant for Sopra Steria (Consulting and Technology Company) and am at the front line when introducing the blockchain technology to Banks and Financial Institutions in Europe. As you might have understood, I mostly work on Blockchain in my daily work.

Therefore my role will be to promote NXT and grant licenses to companies that want to build products both on top of NXT or on private NXT chains.

We have been working with major banks and payment companies in France, and I promoted NXT when it could be. Please note that this activity is not linked to my Sopra Steria activities directly. Whether I may or may not promote NXT during meetings is based on deep analysis of the various frameworks available in the open source communities and I do not receive any money from the Foundation or the developers. If this should change I would keep the community informed.
Additionally, I am one of the original NXT Founders, here is the proof:

Token : lt3d0e8r19eko4b69a257dr5g25o6gfhjisvov67313lrramnkeei18bp9se81g4hvoqdma1tqfapm9 hth05vu6qh19lbp9t6rqn4pjqo4i0dn9mj3m6r5peu9ou2h4q1u88mptj68ua3tsid5tio9l8kvjeed fq

Data : Founder

Please feel free to ask me any information regarding my work for the Foundation, or why I believe that NXT has the keys to succeed. I hope that we will be able to bring you good news soon. Please understand that I can’t speak of any ongoing deals or discussions with any financial institution.

Best.

Alexandre

https://nxtforum.org/news-and-announcements/nxt-foundation-new-member-introducing-myself/

[DecentralizeEconomics]

[farl4web]

Great interview with Vincent Everts on Bitcoinwednesday in Amsterdam yesterday.  


https://www.youtube.com/watch?v=7UltaENdSKk



https://twitter.com/NxtCommunity/status/738110353381412868

Looks like a great day with speakers like Evildave, Capodieci and Tosch. Great job guys!

[Damelon]

Democracy Now Project update!

Actually it's going awesome.  Sorry I've been so quiet.  I moved up north to be closer to this project, but my computer didn't survive the move.  Fortunately the data loss to this project was minimal.  Also I had a huge edge...
Eric who introduced himself earlier has been a HUGE help and if this is successful it will be in large part due to his efforts.

So here's where we stand...

For the purposes of the primary we decided to keep things as simple as possible.  This means we will be using the default NXT voting system, with custom, extremely simple client on top of the existing JSON rest APIs.

It works for the primaries because there are no write in fields we need to accommodate.

In order to control access to the poll, we created a new NXT monetary asset called VOTEUM symbol VOTUM.  It's just an internal marker, not intended for general consumption.

In the next 24hrs we will be performing a dry run by setting up a mock poll exactly like the one we will be using in the real primary.

The purpose of the dry run is to shake out the custom voting client we created, vetting it on as many different devices as possible prior to the primary.  So when the dry run is ready I will be posting instructions on how to download the client.  Once the client is installed, just post your NXT address and I will send some VOTUM so you can participate too.

If you happen to live in California we could really use more boots on the ground, especially technically literate boots.
We are starting to get media attention, and this attention is causing the ranks to swell.
https://www.facebook.com/notes/election-justice-usa/independent-citizens-election-audit-to-be-conducted-in-select-precincts-in-calif/889795561147138

As a side note the "code" talked about in that posting is actually an NXT paper wallet, so we're basically turning every California primary voter into an NXT user too.
Enjoy!

p.s. Riker, the wallet at http://62.194.6.113:7876/index.html is outdated. Since it's kind of the "semi-official webwallet" and linked from the NXT main page, someone really should get that fixed as soon as possible since we will be directing the California primary voters to there to check their results.

[CryptKeeper]

If you're a shareholder of the CryptoCoin asset from CFA Consulting, please raise your voice here:
https://nxtforum.org/asset-exchange-general/cryptocoins-the-first-crypto-hedge-fund-bridging-euro-and-asset-exchange/msg218200/#msg218200

[3rdStryker]

CORE Magazine JUNE Edition

http://joom.ag/13eQ

- Bitcoin News bought to you from Bitscan
- NXT 2.0 Annoucement
- WAVES News
- COFINT Update
- ICOcountdown.com Interview
- Tau Chain Report by ICOcountdown.com
- SuperNET Update
- Transpotimers Comic

[farl4web]

I don't understand Nxt 2.0 for 100%, but I see a lot of potential for sure. And of course free FXT and free FNT.  Damelon explained more about it on Slack and I want to share it here too.

1. release of the 1.9 version to mainnet.
This will be the start of the snapshot period for FXT distribution that will last for three months
This will be followed by
2. Automatic distribution of the FXT Token
This will start a period where people can freely trade FXT Token
I can imagine that this will also be done via "traditional" channels, so we might go to exchanges
3. This period ends with the creation of the Genesis block for Nxt 2.0
The Genesis block will mean the FXT becomes active and also that people will get FNX at a 1:05 ratio to what they have in their Nxt accounts at that time
Some key points that people ask often:
Q: will Nxt 1.x disappear
A: No, Nxt 1.x will *at least* be supported a full year after Nxt 2.0 goes live. This is not a hard limit, so if it's still actively used, this period may be extended
Q: Will we need to burn Nxt?
A: NO. ALL people holding Nxt will get a FREE ticket to Nxt 2.0 in the form of FXT
Q: Will Nxt 2.0 work on the Nxt blockchain?
A: No! Nxt 2.0 is a completely new and independent system
Q: Is this dilution?
A: This is a debatable statement. I've seen several takes on it. Good food for discussion, though
Q: Is Nxt 2.0 really free?
A: Yup, if you hold Nxt, you get in for free. Of course, if you don't have Nxt, you'll have to buy them

1 Nxt will give you 0,5 FNX
FNX is the transaction token (On the childchain)
1 Nxt will give you 1 FXT (Staking token, for forging/mining/staking, name is not in stone yet)

Hope this will help others understand Nxt 2.0 better. More to come soon with a professional marketing campaign (yes, Nxt and marketing are coming together) 

[nzminer]

I don't understand Nxt 2.0 for 100%, but I see a lot of potential for sure. And of course free FXT and free FNT.  Damelon explained more about it on Slack and I want to share it here too.

1. release of the 1.9 version to mainnet.
This will be the start of the snapshot period for FXT distribution that will last for three months
This will be followed by
2. Automatic distribution of the FXT Token
This will start a period where people can freely trade FXT Token
I can imagine that this will also be done via "traditional" channels, so we might go to exchanges
3. This period ends with the creation of the Genesis block for Nxt 2.0
The Genesis block will mean the FXT becomes active and also that people will get FNX at a 1:05 ratio to what they have in their Nxt accounts at that time
Some key points that people ask often:
Q: will Nxt 1.x disappear
A: No, Nxt 1.x will *at least* be supported a full year after Nxt 2.0 goes live. This is not a hard limit, so if it's still actively used, this period may be extended
Q: Will we need to burn Nxt?
A: NO. ALL people holding Nxt will get a FREE ticket to Nxt 2.0 in the form of FXT
Q: Will Nxt 2.0 work on the Nxt blockchain?
A: No! Nxt 2.0 is a completely new and independent system
Q: Is this dilution?
A: This is a debatable statement. I've seen several takes on it. Good food for discussion, though
Q: Is Nxt 2.0 really free?
A: Yup, if you hold Nxt, you get in for free. Of course, if you don't have Nxt, you'll have to buy them

1 Nxt will give you 0,5 FNX
FNX is the transaction token (On the childchain)
1 Nxt will give you 1 FXT (Staking token, for forging/mining/staking, name is not in stone yet)

Hope this will help others understand Nxt 2.0 better. More to come soon with a professional marketing campaign (yes, Nxt and marketing are coming together) 

Isint it supposed to be the opposite?

I thought 1 NXT will give you the same ratio of FNX? Or else if i currently hold 100K NXT for example, i will only get 50K of FNX?
I thought the staking token (FXT) was what we got the 50% ratio of?

Otherwise i assume the supply of NXT 2.0 is only going to be half a billion?

[Damelon]

FXT (staking token) will be distributed at a 1:1 ratio
FNX (transaction token on the first child chain) will be distributed at a 1:0,5 ratio.

Both will have a 1 billion supply

[durerus]

It's a good solution. Security token should stay decentralized. Because that's what blockchain tech is all about. The devs keeping 50% of the monetary token gives them the freedom and motivation to work on increasing the value of both tokens. Since the value of the monetary token is dependant on the security token's value. It's POS.

Is it important to have a highly liquid BTC/FXTasset market right after the snapshot to prevent a huge selloff of NXT? I am not sure about the market effects here...

[tyz]

I read a lot of that the NEXT asset is a good investment because it is paying a dividend regularly and that it will be transformed to the WAVES platform after release. I did a little research and figured out that the asset costs around 29 NXT at the moment and it is paying between 0.1 to 0.13 NXT dividend every two weeks. I am wondering if this is really such a good investment because the buying price is staggering. What is so special about the asset?

[nzminer]

FXT (staking token) will be distributed at a 1:1 ratio
FNX (transaction token on the first child chain) will be distributed at a 1:0,5 ratio.

Both will have a 1 billion supply

OK, but as i understand both can be traded for each other?
Just seems strange that the total balance will be half than what we had first with NXT, but in saying that, we sill still be holding our original NXT and if the FNX potentially could be trading for more anyway?

[farl4web]

FXT (staking token) will be distributed at a 1:1 ratio
FNX (transaction token on the first child chain) will be distributed at a 1:0,5 ratio.

Both will have a 1 billion supply

OK, but as i understand both can be traded for each other?
Just seems strange that the total balance will be half than what we had first with NXT, but in saying that, we sill still be holding our original NXT and if the FNX potentially could be trading for more anyway?

And probably forging/staking will be profitable, because you forge the blocks of all the childchains with FXT. 

[nzminer]

FXT (staking token) will be distributed at a 1:1 ratio
FNX (transaction token on the first child chain) will be distributed at a 1:0,5 ratio.

Both will have a 1 billion supply

OK, but as i understand both can be traded for each other?
Just seems strange that the total balance will be half than what we had first with NXT, but in saying that, we sill still be holding our original NXT and if the FNX potentially could be trading for more anyway?

And probably forging/staking will be profitable, because you forge the blocks of all the childchains with FXT. 

Well that will be sweet, as this means there will be a good incentive for running a node, which there really currently is no real incentive for forgers at the moment.

[CryptKeeper]

If you're a shareholder of the CryptoCoin asset from CFA Consulting, please gather here to resurrect the funds:
https://nxtforum.org/index.php?topic=6958.msg218200#msg218200

[stereotype]

If you're a shareholder of the CryptoCoin asset from CFA Consulting, please gather here to resurrect the funds:
https://nxtforum.org/index.php?topic=6958.msg218200#msg218200

Wow. Is DomP still playing the 'family difficulties' card?

Go get him. 

[wolffang]

http://www.drachmae.info/drachmae-publisher/6-permissioned-nodes-blockchain-merged-with-nxt-public-blockchain-voting