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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2911950 times)
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belowizard
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February 01, 2017, 05:38:26 PM
 #27481


I believe the reason it was set like this was to give preference to the early stakeholders which were given 2.25 million per stake.  This encouraged them to hold and to buy a bit more to reach the 3 MM limit.  

Also have to remember for the first 8 months XEM mostly traded under 100 sats with prices reaching a low of 25!  The 3 million was accessible for ~ 1 BTC at one time.


never heard of the 3mill limit. how does it work, who does it apply to? thx
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February 01, 2017, 05:59:01 PM
 #27482


I believe the reason it was set like this was to give preference to the early stakeholders which were given 2.25 million per stake.  This encouraged them to hold and to buy a bit more to reach the 3 MM limit.  

Also have to remember for the first 8 months XEM mostly traded under 100 sats with prices reaching a low of 25!  The 3 million was accessible for ~ 1 BTC at one time.


never heard of the 3mill limit. how does it work, who does it apply to? thx

If you want to run a supernode (high performance node to secure the network) you need to have a minimum balance of 3 million XEM.  Anyone can set this up.

These supernodes are rewarded on a daily basis if the server passes all the tests (balance, bandwidth, responsiveness etc...)  Current payout ~ 400XEM a day.  This changes the more/less supernodes are enrolled.

You can see a map of the supernodes here:
https://supernodes.nem.io/map

You can read the full details about the program & setting one up here:
https://forum.nem.io/t/nem-supernode-rewards-program/1735

NEM   NanoWallet   SuperNodes   Apostille   Landstead   Catapult   Mijin
▃▃▃▅▅▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▅▅▅▃▃▃
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February 01, 2017, 07:40:01 PM
 #27483

As far as the supernodes, these questions came up a lot when the price shot up last time over 2500+
People were asking about the price of supernodes coming down.

I believe the reason it was set like this was to give preference to the early stakeholders which were given 2.25 million per stake.  This encouraged them to hold and to buy a bit more to reach the 3 MM limit.  

Also have to remember for the first 8 months XEM mostly traded under 100 sats with prices reaching a low of 25!  The 3 million was accessible for ~ 1 BTC at one time.

Supernodes must be trusted.

You can trust my node, even if you don't know me, because you know I made a significant investment in NEM so I have no interest  in cheating and damaging NEM network.

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February 01, 2017, 07:49:22 PM
 #27484



These supernodes are rewarded on a daily basis if the server passes all the tests (balance, bandwidth, responsiveness etc...)  Current payout ~ 400XEM a day.  This changes the more/less supernodes are enrolled.


actually all nodes together earn 70 000 a day so the more nodes there are the less they earn
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February 01, 2017, 08:17:56 PM
 #27485



These supernodes are rewarded on a daily basis if the server passes all the tests (balance, bandwidth, responsiveness etc...)  Current payout ~ 400XEM a day.  This changes the more/less supernodes are enrolled.


actually all nodes together earn 70 000 a day so the more nodes there are the less they earn

That number doubled on Sept/2016 to 140,000 XEM a day.  Last payout was around 421 XEM so you can do the math and see how many supernodes passed the test last round.  I believe there are >400 active supernodes but the thing is every round a handful of nodes FAIL this or that.  


NEM   NanoWallet   SuperNodes   Apostille   Landstead   Catapult   Mijin
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February 01, 2017, 10:02:26 PM
 #27486


More and more people are hearing about xem, so the price is going to fly I guess.
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February 01, 2017, 10:25:59 PM
 #27487

1150 sat for the XEM is just the beginning of growth, because with the release of a catapult will actually break up XEM, and taking into account this potential, namely 3,000 transactions per second, it will be a very strong growth XEM to 10k sat
That is what i think, 10k sat is the minimum target.

really looking forward to catapult release. @1 XEM=1$  i will tattoo the logo somewhere Grin
Haha, I think I might join you on that one, there are worse things you can do when you are rich.
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February 01, 2017, 10:46:39 PM
 #27488

1150 sat for the XEM is just the beginning of growth, because with the release of a catapult will actually break up XEM, and taking into account this potential, namely 3,000 transactions per second, it will be a very strong growth XEM to 10k sat
That is what i think, 10k sat is the minimum target.

really looking forward to catapult release. @1 XEM=1$  i will tattoo the logo somewhere Grin
Haha, I think I might join you on that one, there are worse things you can do when you are rich.

Alright. Deal !  Cheesy

The new Cryptocurrency book "The Magical World of Cryptocurrencies" is out now and available for free to everyone!
Make sure to contribute and give something back to the community.
Visit https://coined1.com or the bitcointalk.org thread https://bitcointalk.org/index.php?topic=5088332.0;topicseen
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February 01, 2017, 11:54:05 PM
 #27489


That is actually quite a good article and great to see NEM mentioned more on Coin Telegraph!

I think 2017 will be a great year for XEM!  Cheesy

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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February 02, 2017, 06:38:49 AM
 #27490

Chronobank partners with NEM to create ChronoNEM wallet

The time-based cryptocurrency project will launch tokens on the popular NEM blockchain, as well as creating a dedicated ChronoNEM app.


https://blog.chronobank.io/chronobank-partners-with-nem-to-create-chrononem-wallet-eebdc176351d


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February 02, 2017, 06:49:54 AM
 #27491

Awesome news, and our market cap is back over $50M!  Cheesy

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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February 02, 2017, 08:59:04 AM
 #27492

Chronobank partners with NEM to create ChronoNEM wallet

The time-based cryptocurrency project will launch tokens on the popular NEM blockchain, as well as creating a dedicated ChronoNEM app.


https://blog.chronobank.io/chronobank-partners-with-nem-to-create-chrononem-wallet-eebdc176351d



wow congratulations for the collaboration
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February 02, 2017, 09:31:47 AM
 #27493

Awesome news, and our market cap is back over $50M!  Cheesy


yes good news to hear about this and we are wondering to know about this fact.
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February 02, 2017, 05:44:23 PM
 #27494

Any info about freshly new NRS version 0.6.83 ?
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February 02, 2017, 06:19:30 PM
 #27495

NEM's development and market activity has both been very healthy over the course of time and it is a personal pleasure for me to come here and realise that is doing just as nicely as when it did before I went on vacation. Very nice project!
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February 02, 2017, 07:47:26 PM
 #27496

1150 sat for the XEM is just the beginning of growth, because with the release of a catapult will actually break up XEM, and taking into account this potential, namely 3,000 transactions per second, it will be a very strong growth XEM to 10k sat
That is what i think, 10k sat is the minimum target.

really looking forward to catapult release. @1 XEM=1$  i will tattoo the logo somewhere Grin

If one XEM equals one dollar within three years of Catapult launch, I'll happily pay for that tattoo and might get one myself :-)

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February 02, 2017, 07:50:31 PM
 #27497

Any info about freshly new NRS version 0.6.83 ?

BloodyRookie made a new release to deal with a small and non-critical bug with namespace renewals.  I'm not sure when it will be released as that error doesn't affect very many people.  We will have to discuss it, but I won't rule out the chance when we launch the next version of NanoWallet as a good chance.

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February 02, 2017, 08:31:29 PM
 #27498

1150 sat for the XEM is just the beginning of growth, because with the release of a catapult will actually break up XEM, and taking into account this potential, namely 3,000 transactions per second, it will be a very strong growth XEM to 10k sat
That is what i think, 10k sat is the minimum target.

really looking forward to catapult release. @1 XEM=1$  i will tattoo the logo somewhere Grin

If one XEM equals one dollar within three years of Catapult launch, I'll happily pay for that tattoo and might get one myself :-)

I'm on
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February 02, 2017, 09:05:52 PM
 #27499

Hell, if it gets to that level I'll call every single one of my kids NEM too.

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February 02, 2017, 09:35:35 PM
 #27500

1150 sat for the XEM is just the beginning of growth, because with the release of a catapult will actually break up XEM, and taking into account this potential, namely 3,000 transactions per second, it will be a very strong growth XEM to 10k sat
That is what i think, 10k sat is the minimum target.

really looking forward to catapult release. @1 XEM=1$  i will tattoo the logo somewhere Grin

If one XEM equals one dollar within three years of Catapult launch, I'll happily pay for that tattoo and might get one myself :-)

I'm on

that would make NEMs market cap half that of bitcoin. not gunna happen - at least not anytime soon.
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