Just wanted to re-post what I posted in the Kryptly thread...
Can you please provide more details on how this works? I do not understand this. Thanks.
How the NXT asset exchange works?
It's probably better if you haven't already, download the NXT wallet (
http://nxt.org/). And then view the asset that way using the ID. I find it better than using secureae.com
The asset of 500k tokens/colored coins/whatever you want to call them! are on the NXT network, they can be traded (buy/sell) on the Asset Exchange. As the asset issuer I can see which NXT addresses hold the asset and the % they own. So once Kryptly is generating revenue, I can pay to those NXT addresses their % share.
Anyone who purchased the asset, will receive profit share on Kryptly revenue, just like KTK holders. But instead of registering your addresses (like any KTK holder will have to do), as the asset issuer I get the info required, so makes it easy to pay the % on revenue. And actually when calculating on the KTK price, a KTK holder currently will receive a slightly higher % profit share!
But as there are only 3 NXT addresses who purchased the asset so far, once Kryptly is earning revenue I'm going to split the 39.6% to those addresses. Just my way of saying thank you to them for purchasing and showing support.
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Following on from my previous post, in regards to the profit share % and how that compares between holding KTK and holding the NXT asset.
The important thing for me right now is getting the credit card payments integrated. As I see that as probably the quickest way for Kryptly to start generating some revenue. At least until the service becomes more popular and then see more authors who accept not just fiat but also BTC/KTK and any other coin payments.
So early next week, I'll be testing the Stripe payments, and then soon after the holidays integrate into the live site. Once that's done will finish up the Dogecoin code.
With the credit card payments, I can start sending some emails out to my customer list. And expect some sales to start coming in, and possible some new authors too, as I know some sell their own products.
The comparison between KTK and the NXT asset, the current price of KTK means holders will receive slightly higher % of profit share, due to the fact the NXT asset has a set price. So after I start promoting to my list, get some sales in and can send out the revenue share, I hope it has a positive effect on the KTK price to help level out the price/% profit share between the NXT asset. And then see movement on the NXT asset, because the 3 asset holders right now, will receive a much larger % compared to even the biggest KTK holders!