[ANN] [NFDv2] - NFD Coin - Thread locked

[Nxtblg]

nobody want to buy at 0.00000002?

Some do, but the market is really slow right now. Sadly, the altcoin bear market has hit NFD too.

[1714078863]

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[1714078863]

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[beckham]

really happy to see NFD alive

[gomei]

really happy to see NFD alive

the trade volum in bter is so low,
and also the price is not good as before.

[Nxtblg]

really happy to see NFD alive

the trade volum in bter is so low,
and also the price is not good as before.

We're still under the radar.

[MaWo]

2014-12-21 12:24:17 UTC INFO: In total 9009 NFD NSC assets transferred to 21 different accounts.

Code:

NFD-HJGQ-W4PY-YM3P-682XB        2348
NFD-KFKX-DP6F-8E4M-28T9Q        1530
NFD-4JLG-2495-U2SM-DAEZQ        1426
NFD-WZ6A-MJRT-F7FU-9X6N8        881
NFD-MXSL-RCHX-JZ5M-6AUZ2        767
NFD-RN9N-3YB7-6HAN-BKDKV        712
NFD-T4MX-HYMV-2J6M-AR9KM        608
NFD-HUTS-XUPH-93T5-FAAWU        240
NFD-QNEN-T672-V9DS-7MUEP        153
NFD-G94C-SP3P-3UYA-8WN36        103
NFD-ZQAH-VEJ9-FVNK-B94RN        62
NFD-83UM-MYKZ-JGNC-7PBXM        40
NFD-FDTN-DN29-FTBP-D2ZYV        39
NFD-FZJ9-2E3X-2TAW-DUHP2        24
NFD-AARK-7F25-QPUW-DBUFM        23
NFD-UD7F-8AXC-LL8G-7SAKR        15
NFD-N73B-VG2U-GLBA-63HJK        11
NFD-7PKG-UY33-8WPZ-CAZKG        11
NFD-7268-8XUF-BK6F-8HAS6        10
NFD-CL58-9S9R-BQXF-BWWNU        5
NFD-Q8M7-XPM8-R9AQ-2SPXU        1

[xibeijan]

Good to see progress. Maybe it is time to buy NFD before Automated Transactions (AT) is completed. What kind of cool features could we expect?

Automated Transactions allow a lot of new features running trustless in blockchain.
CIYAM Developers already worked out some use cases:

Atomic Cross-Chain Transfer
Auction Agent
Crowdfunding Agent
Dormant Funds Transfer
Lottery

http://www.ciyam.org/at/

Currently our test AT is the Crowdfunding Agent.

Wait.  NFD is going to implement AT and those features?  Atomic Cross-Chain Transfer will be a killer.  Is this an NFD lead dev effort?  Is NFD to the only cryptocurrency planning to implement these things?

If it is so, then NFD is going to explode and become top crypto.  Who would have guessed!

[Kushedout]

Should look for a new exchange, since bter is now dying

[unent]

Should look for a new exchange, since bter is now dying

What makes you think it's dying?

[Nxtblg]

Should look for a new exchange, since bter is now dying

What makes you think it's dying?

Still looks fine to me. If you're referring to the Bitbay scandal, I haven't seen any big drop-off in volume @ Bter afterwards. At least DOGE, Nxt & UNITY are still trading at fast clips. Doesn't say much about us altcoineers, but we do tend to forget easily.

[xibeijan]

Should look for a new exchange, since bter is now dying

bter is not dying.  perfectly good exchange.

[Nxtblg]

Should look for a new exchange, since bter is now dying

bter is not dying.  perfectly good exchange.

Thanks for bumping the thread, xibeijan. I've got a new announcement below.

[Nxtblg]

Announcing...

NFDNxtty!

100'000 Issue, Fully Backed
Redeemable On Demand






Buy, Sell Order From Issuer
Matched To Nxt Asset Exchange



NOTE: NFDNxtty is issued independently of Nxtty. There is no relationship between me and the Nxtty crew.

The full announcement is on this thread. Here's the fact-sheet & tl;dr:



NAME: NFDNxtty
ASSET ID NUMBER: 7691512536154962225
ISSUING ACCOUNT: NFD-T4MX-HYMV-2J6M-AR9KM. Balance inspectable at the NFD Block Explorer.
NUMBER OF UNITS: 100'000
BACKING: Dedicated Nxt account  NXT-KDCA-U92R-9FSG-7KS4F. Holdings of Nxtty identified at bottom of block explorer page.
BENEFIT: Each unit of NFDNxtty is redeemable on demand for one Nxttycoin sent to the redeemer's choice of Nxt account. In addition, the issuer will place sell and buyback orders and adjust them according to market conditions as specified by the Nxttycoin orderbook in the Nxt Asset exchange. The issuer will make a reasonable effort to keep up with the current orderbook in the Nxt AE, so as to assure a reasonably fair price for NFDNxtty.
PRICE: Will vary according to market conditions. The same pledge made just above applies to the issuing prices of NFDNxtty tranches, as does the same reasonable-effort proviso.



What this mean is, you can buy Nxttycoin through NFDNxtty without having to go through the hassles and slippage of selling your NFD and buying Nxt at Bter. You'll get NFDNxtty at a fair price that's calibrated to NFD's low ask at Bter. It's as if you sold your NFD at the current ask!!

And, as specified in the NFDNxtty announcement, NFDNxtty is redeemable on demand from the fully-backed dedicated Nxt account NXT-KDCA-U92R-9FSG-7KS4F. All it takes is an Asset Transfer within the NFD ecosystem and a message to tell me which Nxt account to send it to, and you've bought Nxttycoin at the low ask! The only slippage will come from the bid-ask spread for Nxttycoin itself at the Nxt AE.

Now, here's where it gets fun! I pledge to match my sale order with the low ask for Nxttycoin at the NXT AE, and I also pledge to put in a buyback order that matches Nxttycoin's high bid. I will adjust both, within a reasonable timeframe, when Nxttycoin market conditions change.

So...if Nxttycoin slumps, I'll lower my buyback bid but I will also lower the ask. If Nxttycoin jumps up, I will hoist up the ask accordingly but I will also raise my bid.

What this means, folks, is that I'm making a micro-market in NFDNxtty that'll match Nxttycoin's price as gauged by NFD's low ask. If you want Nxttycoin, there's no need to be scalped by selling your NFD at the bid or waiting for your sale order at the ask to go through!

Because of this micromarket-making, you can use NFDNxtty to speculate on Nxttycoin itself with minimal slippage!

If you're wondering how I can afford this, the dedicated Nxt account is double-backed. Also, I'm doing some spread-trading of Nxttycoin itself in the Nxt AE and I've been doing pretty well so far. If my current lowball bid in the Nxt AE gets met, I'll have bumped up the balance in the dedicated account to 215,000 Nxttycoin. I only started with 200,000 and 6 Nxt.

So...with the double-backing, the profits I'm making spread-trading Nxttycoin, the (small) spread profits I might make through market-making on the NFD AE, plus the >66 million NFD I've got in my account NFD-T4MX-HYMV-2J6M-AR9KM, I can easily take the other side of a winning trade in NFDNxtty. Especially since my surplus holdings of Nxttycoin will carry me up with any well-timed buyers.

As I said above, NFDNxtty is redeemable on demand from the backing account. So if you want to have a bit of fun trading Nxttycoin through NFDNxtty, and then redeem it later for the real thing, I'll accommodate you.

[Kushedout]

Can't withdraw NFD from Bter. Status has been on "Waiting for balance..."for few hours now. Can anyone else confirm please.

Nxtblg, I am sorry to highjack your ann. with this concern, but something is not right with bter.  I am just worried about my coins as it never took this long to withdraw NFD.  Also, right now I have about 1M PTS in my account, but they only allow withdrawal of 500PTS at a time, + they are charging 1%+25PTS fee per transaction. Since this is clearly a scam, I am worried about my coins, including NFD, I have about 17M stuck on withdraw and have not gotten any reply from their support.

[Nxtblg]

Nxtblg, I am sorry to highjack your ann. with this concern, but something is not right with bter.  I am just worried about my coins as it never took this long to withdraw NFD.  Also, right now I have about 1M PTS in my account, but they only allow withdrawal of 500PTS at a time, + they are charging 1%+25PTS fee per transaction. Since this is clearly a scam, I am worried about my coins, including NFD, I have about 17M stuck on withdraw and have not gotten any reply from their support.

That's quite all right! Bad luck on both our parts...

I wish I could check myself, but I withdraw my NFD as soon as I buy some. My last buy was some time ago.

If it doesn't get settled, please let us know. Maybe someone else can try and see if Bter's code is messed up.

[MaWo]

Can't withdraw NFD from Bter. Status has been on "Waiting for balance..."for few hours now. Can anyone else confirm please.

The last transaction from bter wallet NFD-KMSF-LLBS-6CGA-8FREY was on 13th of December.

I did a test withdraw:
Waiting for balance...

I wrote a ticket to bter support.

Nxtblg, I am sorry to highjack your ann. with this concern, but something is not right with bter.  I am just worried about my coins as it never took this long to withdraw NFD.  Also, right now I have about 1M PTS in my account, but they only allow withdrawal of 500PTS at a time, + they are charging 1%+25PTS fee per transaction. Since this is clearly a scam, I am worried about my coins, including NFD, I have about 17M stuck on withdraw and have not gotten any reply from their support.

Sometime ago I wrote a "increase withdrawl limit" ticket and now I have a daily withdraw limit of 50 million NFD instead of 20 million.

[xibeijan]

MaWo: are you implementing Atomic Cross-Chain Transfer?

[MaWo]

MaWo: are you implementing Atomic Cross-Chain Transfer?

btc2nxt will do for NFD.
ACCT is a use case of AT.
http://ciyam.org/at/at_atomic.html

[xibeijan]

When is btc2nxt planning to do this?

[MaWo]

When is btc2nxt planning to do this?

At the moment he is working on AT.

It's difficult to approximate when we are ready to work on ACCT. ACCT needs two coins.

[nonlinearboy]

When is btc2nxt planning to do this?

At the moment he is working on AT.

It's difficult to approximate when we are ready to work on ACCT. ACCT needs two coins.

you mean btc2nxt  will join in the cooperation development with NFD coin?