[NEM] NEMstake tokens are listed on Nxt asset exchange

[jenea4pda]

Waaat cannot sleep this night for nothing

What does it mean in simple words?

bad luck...

No friend, this is not bad luck-it's mean just wait a little bit, then read and understand Dev contract and ALL WILL BE GOOD!

P.S. by the way- take off signature about giveaway coins, that shit coins have already gone away This is bad luck

[Pentamon]

Dear NEM stakeholder community,

I apologize for making some of you disappointed but I decide to hold off the asset exchange listing for at least a couple of days until more information about NEM and its governance structure could be provided.

The reason for that is because I realized involving new investors is a qualitative change in NEM organizational structure and that needs to be handed with more transparency and disclosure. So far NEM has been conceptualized as a voluntary association in which stakeholders are participants and contributors to the formation of a new decentralized movement. In that conceptualization, I am comfortable in handling participant complaints with a simple refund suggestion. In that conceptualization, no one loses when he doesn't like what the development team is doing and can voluntarily withdraw. We as a team could also have the right to refuse certain participants who are deem not beneficial (sockpuppets for example). This phase has been dubbed "a call for participation" (it is not an IPO sorry) for these rationales.

This phase was over when the final stakeholder was published. No more stakeholders will be added. Now we are going to transition to a new phase in which investors can come in via  sales from the current stakeholders and public auction. I think they deserve to know more what future governance of the system will look like. So before investors are welcomed in, I would like to publish at least a preliminary draft of the Development Contract to the agreement of all current stakeholders. So the time during the asset exchange listing postponement will be used for that process. The process will include: the development team publishing a preliminary draft of the Development Contract; current stakeholders commenting and criticizing the Development Contract; majority of current stakeholders agreeing on the Development Contract and the rest requesting a refund and leave.

While I believe at this point the shares of the current stakeholders are theirs to control and technically asset listing is for the current stakeholder selling a part of his shares. However, we as a team cannot afford officiating the sale without performing our obligation in a full disclosure of what we plan to do with the development shares and development reserves. Hence, the postponement of the listing. I have been preparing materials for the Development Contract for a while and will be able to publish a preliminary draft very soon.

UtopianFuture      

Well said.

To someone who wants to participate, but found out too late, you give me hope for a fair process to include newcomers.

Even though  many believe that nothing could be fairer than an open market, the unfairness is in the timing that different people become aware of, and involved in that market.

looking forward to a dignified solution.
Pentamon

[tersagun]

I'm a also a late comer who lost his chances to participate for the initial distribution but I don't see how delaying the AE distribution would help the newcomers.

We still,do not have a chance to become a late bird as of today.

[rdanneskjoldr]

nnnnnnnnnnnnnnnnnnnnn

[nutildah]

Well this was a tremendous waste of time.

Guess I won't bother posting my original question which was what will it take for somebody to let go of a .1 stake.

No offense Utopian but I'm inclined to believe either you had technical problems or else you weren't impressed with the bids happening on the exchange.

You guys realize the most important thing about this project is the novelty factor right? If somebody does it right before NEM then NEM will be losing the novelty factor to them.

[visual111]

So right now, my only chance to get in is to purchase an asset on NXt AE once coins are distributed? Given that at least one stakeholder puts their token up for bid?

I should clarify that I'm looking for the earliest opportunity for a late bird to get in on NEM distribution.

[Eadeqa]

So right now, my only chance to get in is to purchase an asset on NXt AE once coins are distributed?

edit:

Yes, it's delayed for a few days.

[nutildah]

So right now, my only chance to get in is to purchase an asset on NXt AE once coins are distributed? Given that at least one stakeholder puts their token up for bid?

I should clarify that I'm looking for the earliest opportunity for a late bird to get in on NEM distribution.

He didn't distribute the tokens, so basically he backed out on his plan. Its irrelevant whether or not he distributes them in the future because do you really want to support a dev who is prone to these last-minute changes in plan, overriding what he himself established to be the will of the community?

Sorry, I just don't trust people who don't keep their word, especially here. Its no way to establish a relationship with an investor community. I'm out.

[xtester]

I'm quite surprised, is it so hard to understand that in the end these kind of announcements along with taking time and responsibility to do it the right way brings a lot more value to the coin? Paradoxically, this is true even for the sockpuppets and dumpers which seem to complain even for bigger gains.

[Simakki]

Firstly i was against this nxt Ae-token thing, but as i thought more, i clearly can see that it would be a interesting opportunity to test both of the coins. Great change to sell 1/10 of your coins and make it totally risk-free bet!

 I'm not going to sell my share at this point, but prices seen pretty damm good at these circumstances. After release NEM gonna surge for sure!

[chanc3r]

Utopian,

I am not going to descend into the insults that others have levelled at you, I have seen your track record and until I see evidence otherwise I will assume this indecision is due to concern for NEM and its community.

Personally I don't mind whether you list on NXT AE or not but this kind of uncertainty is not good for NEM or NXT and I speak as a stakeholder in both and I intend to remain a stakeholder in both.

When someone proposes to list something of considerable value on the AE this affects the price of NXT,  this could have a pump and dump effect on NXT at the moment which is not good for NXT.

The plan to do this affect NEM stakeholders and people who plan to be NEM stakeholders as they make plans whether to acquire or dispose of assets which could be significant in terms of their crypto investments.

The problem here is the indecision on the day that you proposed to list - this is an unacceptable level of disruption, if there were doubts you should have called it off much sooner and set a new date - the current limbo state of  'very soon' and a lack of clarity about what will happen is not acceptable.

Either withdraw the plan and put people out of their misery and take the heat - it will pass
or
Set a date when the decision will be made one/way or the other with a new listing date if the decision is yes and then deliver on it.

But please resolve this lack of clarity.

[nutildah]

Well this was a tremendous waste of time.

Guess I won't bother posting my original question which was what will it take for somebody to let go of a .1 stake.

No offense Utopian but I'm inclined to believe either you had technical problems or else you weren't impressed with the bids happening on the exchange.

You guys realize the most important thing about this project is the novelty factor right? If somebody does it right before NEM then NEM will be losing the novelty factor to them.

your an absolute nob! utopian done the right thing. do you even know why he is delaying it?

as for not impressed with bids.. that is the most retarded thing iv ever heard.. at current bid prices it puts nem between 16- 17 place on coinmarket cap.. with out alpha release, white paper, logo, client, or any marketing! thats remarkable.

and that wasnt just offensive to UP, it was offensive to every dev working on nem! nem is far beyond any novelty coin, more like the only serious competitor to nxt. i was the one who pushed for this so i take offense to this also. if you think this is a waste of time, get a refund or give your stake away.. if you even have one. if not.. im delighted you have to pay 1000's% more for your .1 of a stake.

I'm not buying any part of any stake for any BTC. Good luck to you.

[Yenog]

This was absolutely ridiculous. He announced he will send it after 100 requests. After that was complement, he announced the date and exact time. He sat there last second and then  comes back to announce
delay at very last second.

[utopianfuture]

This was absolutely ridiculous. He announced he will send it after 100 requests. After that was complement, he announced the date and exact time. He sat there last second and then  comes back to announce
delay at very last second.

I should explain here why the postpone decision seemed to appear suddenly and at the last minute. I can assure you that there was no intention of manipulation whatsoever.

A coupe of posts which appeared close to the planned time in the update thread are the key reason behind the postponement. These are the posts:

https://bitcointalk.org/index.php?topic=426303.msg6924246#msg6924246

https://bitcointalk.org/index.php?topic=426303.msg6925570#msg6925570

https://bitcointalk.org/index.php?topic=426303.msg6926063#msg6926063

One user seems like a prospective investor and the other user is a stakeholder that have requested a token before (crimi). Both showed an utter lack of understanding about NEM governance structure and made some ridiculous demands to me and it hit me that we are never being clear enough about NEM going forward. Most stakeholders sent it relatively small amount of fund for a stake and so far in some bad cases as these two, I can offer the refund to them and we can part away. Solid and Easy.

I realized that I can not do a hand waving like that if an investor buy a stake via Nxt asset exchange for 5 btc. Technically, he buys the stake from a former stakeholder and that deal should not be related to NEM or the development team. However, ultimately it will come down to the development team's reputation and NEM as a whole if some similar bad dispute happens.

To avoid these situations, I decided to postpone the exchange listing and speed up the Development Contract which will serve as the foundational information for investors. Current stakeholders should also agree to the terms so the whole community could unite on organizational principles and push forward to do other important things.

The Development contract (preliminary draft) were very quickly written up and put out there because I know people are disappointed about the postponement of the listing (but NEM summary information have been discussed and agreed on by the core team for a while ). It should have been done in a more orderly manner. Originally, it is planned that we will publish development contract after the open Alpha but now it looks like a correct decision to push it out before more investors are involved.

So please be patient so that the development contract  
https://docs.google.com/document/d/19so-Jy3Gqw2KltZP-gaw3oFaHliN0OdtwZktOP4pCOQ/edit
could be read by everyone involved. After that the asset listing will resume. Thanks for your support so far.
 

[Exergy]

Just recently discovered NXT & laterly NEM. Both seem like a real step forward in crypto and have rightly peaked my interest.

I have been messing around with NXT over the last few days and now have a reasonable holding.

I think I have read most of the threads on NEM (finally - so many pages!) and have a decent understanding so would like to buy a stake on the AE when this goes live.

Few questions:

UF - Saw your post that the token distribution has been delayed. What is your revised estimate - tomorrow? tuesday? later?

All - Do we have a feel for what people think is a reasonable price for 1 stake? I see the latest offer is 26k NXT but with no sell orders it is hard to estimate how likely this is?

It does strike me that the initial stakeholders are likely to see a colossal return on their original meagre investments - will be interesting to see how this plays out. Current cap of $4m before any semblance of a launch is pure madness!

Thanks

[Djinou94]

Firstly i was against this nxt Ae-token thing, but as i thought more, i clearly can see that it would be a interesting opportunity to test both of the coins. Great change to sell 1/10 of your coins and make it totally risk-free bet!

 I'm not going to sell my share at this point, but prices seen pretty damm good at these circumstances. After release NEM gonna surge for sure!

id put it 40m - 80m dollar cap straight after launch...(its 4m now.. pritty much based on faith and not much else, still alpha/beta/client/official release/asset exchange to come, all going to increase price) 

10 times that if bitcoin goes through another 10 fold bubble. could be above nxt.. nxt would be above litecoin atm if the distribution was as good as nem.. so perhaps many will look at nem as nxt 2.0 rather than bitcoin 2.0.. if nem = 40m cap + growth added by bitcoin bubble going 10 fold, 1 stake = 100k... i dont think many would be foolish enough, even to sell 1/10.. not the way things are going!

Its crazy
The price will fall after the launch it is too much i think

[hamiltino]

Firstly i was against this nxt Ae-token thing, but as i thought more, i clearly can see that it would be a interesting opportunity to test both of the coins. Great change to sell 1/10 of your coins and make it totally risk-free bet!

 I'm not going to sell my share at this point, but prices seen pretty damm good at these circumstances. After release NEM gonna surge for sure!

id put it 40m - 80m dollar cap straight after launch...(its 4m now.. pritty much based on faith and not much else, still alpha/beta/client/official release/asset exchange to come, all going to increase price) 

10 times that if bitcoin goes through another 10 fold bubble. could be above nxt.. nxt would be above litecoin atm if the distribution was as good as nem.. so perhaps many will look at nem as nxt 2.0 rather than bitcoin 2.0.. if nem = 40m cap + growth added by bitcoin bubble going 10 fold, 1 stake = 100k... i dont think many would be foolish enough, even to sell 1/10.. not the way things are going!

Its crazy
The price will fall after the launch it is too much i think

26k Nxt = ~$1000
Which is a 4million market cap. How is that to high? and why do you think it will drop after launch?

Quark and Primecoin have a market cap of 4mil, Nem is surely more innovative than them.

Proof Of importance may be a bigger deal than you think.

[nxt_rainbow]

hi,utopianfuture
I have send you a PM  to request a token,but I'm not in the request list.

[utopianfuture]

Utopian,

I am not going to descend into the insults that others have levelled at you, I have seen your track record and until I see evidence otherwise I will assume this indecision is due to concern for NEM and its community.

Personally I don't mind whether you list on NXT AE or not but this kind of uncertainty is not good for NEM or NXT and I speak as a stakeholder in both and I intend to remain a stakeholder in both.

When someone proposes to list something of considerable value on the AE this affects the price of NXT,  this could have a pump and dump effect on NXT at the moment which is not good for NXT.

The plan to do this affect NEM stakeholders and people who plan to be NEM stakeholders as they make plans whether to acquire or dispose of assets which could be significant in terms of their crypto investments.

The problem here is the indecision on the day that you proposed to list - this is an unacceptable level of disruption, if there were doubts you should have called it off much sooner and set a new date - the current limbo state of  'very soon' and a lack of clarity about what will happen is not acceptable.

Either withdraw the plan and put people out of their misery and take the heat - it will pass
or
Set a date when the decision will be made one/way or the other with a new listing date if the decision is yes and then deliver on it.

But please resolve this lack of clarity.

I had a post above that should explain the reason behind the postpone and I will set a new date for the exchange listing. There will be a proper ANN and and no cancellation next time. Thanks for the post.

[utopianfuture]

Just recently discovered NXT & laterly NEM. Both seem like a real step forward in crypto and have rightly peaked my interest.

I have been messing around with NXT over the last few days and now have a reasonable holding.

I think I have read most of the threads on NEM (finally - so many pages!) and have a decent understanding so would like to buy a stake on the AE when this goes live.

Few questions:

UF - Saw your post that the token distribution has been delayed. What is your revised estimate - tomorrow? tuesday? later?

All - Do we have a feel for what people think is a reasonable price for 1 stake? I see the latest offer is 26k NXT but with no sell orders it is hard to estimate how likely this is?

It does strike me that the initial stakeholders are likely to see a colossal return on their original meagre investments - will be interesting to see how this plays out. Current cap of $4m before any semblance of a launch is pure madness!

Thanks

We are going to have the public auction of about 4% of NEM as well so  asset exchange is not the only option to buy NEM pre-launch. I need to think through some issues so

that no more postpone or cancellation next time.