NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs

[Bisha]

I'm confused to how to get NEM.

Is NEM/NEMstake the same thing? Has it been launched? What about the claiming procedure?

Can we get NEMstake/stake now, then once it's launch we claim it for NEM or something like that? I don't know why but that's the idea I got. Could someone sumarize the process to me please? I'd be really appreciated.

Also, what's up with the fact the market cap has decreased so much but the price seems to remain the same? Did something happened to the supply?

your not the first

each stake represents 1/4000th of all nem. that equates to around 2.2m or something. not sure of the exact number. it used to be 1m nem but the total number of coins was increased to 8.9b(we havnt launched yet). the stakes can be redeemed now ie. sent to a particular account with a nem address in the message but you wont get the coins until we launch. your right about the supply.. there used to be close to 1000 stakes trading but due to redemption that has dropped to around 144 stakes so volume is dismal. this market is in no ways a representation of the true value of nem. on one side theres no one to sell.. on the other you need a minimum of around .22 btc to buy any at all.

thats the short story at least if you look on the front page of this thread you will find a redemption guide somewhere. in short: buy your stake, transfer it to the account with ~855 stakes in it(double check its the right account) and make sure to attach a message(unencrypted) to the transfer that contains a valid nem address which you can generate in the nem beta client using "create real account data". the nem addresos you send off should start with "N" and not "T". n for live net, t for test net.

So what you're telling me is that basically the current supply will increase 4000x times to those 9 bilions right? Which will be released and distributed at launch? If so, I think I got it now, thanks.

[alamazean]

Kind of. The current supply is of NEMstakes whereas the final supply will be of NEM.

[lx001]

somebody decided to bake a huge cake, and there were 3000 or so people (original stakeholders) who wanted to taste it (on january 2014).
during the baking you could receive a coupon  (nemstake token) , this coupon entitles you to a 1/4000 piece of a cake.
the cake is being baked for 1 year now, and some people got tired to wait, or they have any other reasons,  and they have decided to sell their coupon on the nxt asset exchange.
the cake is going to be finished soon, this is why the kitchener asked everyone to return their coupons back to him, so that he could know who is going to eat it, and split the cake accordingly. I had my coupon since the very beggining, I have sent it back to the kitchener when he asked me to do so, this is why the supply has decreased but the coupon price remained the same (nemstake price is the same but market cap is decreasing).
Later I have decided that I want more than a 1/4000 piece of a cake, this is why I bought additional  nemstakes on the asset exchange. I still did not send my nemstake coupon to the kitchener, but I will do so in a very short time. You are going to do the same if you buy the coupon now.

the total supply most probably will be 8999999999 coins, so 1 nem stake most probably will be 2249999.99975 coins.
0.1 nem stake will be 10 times less. so you may choose how much you wish to buy on the asset exchange.

You may buy yourself a piece of a cake when its finally baked (on a normal exchange after the release), but currently no one knows how tasty it will be. maybe it is going be the best cake we have ever eaten, and we will sell it to other gourmets at a much higher price

[nembit86]

somebody decided to bake a huge cake, and there were 3000 or so people (original stakeholders) who wanted to taste it (on january 2014).
during the baking you could receive a coupon  (nemstake token) , this coupon entitles you to a 1/4000 piece of a cake.
the cake is being baked for 1 year now, and some people got tired to wait, or they have any other reasons,  and they have decided to sell their coupon on the nxt asset exchange.
the cake is going to be finished soon, this is why the kitchener asked everyone to return their coupons back to him, so that he could know who is going to eat it, and split the cake accordingly. I had my coupon since the very beggining, I have sent it back to the kitchener when he asked me to do so, this is why the supply has decreased but the coupon price remained the same (nemstake price is the same but market cap is decreasing).
Later I have decided that I want more than a 1/4000 piece of a cake, this is why I bought additional  nemstakes on the asset exchange. I still did not send my nemstake coupon to the kitchener, but I will do so in a very short time. You are going to do the same if you buy the coupon now.

the total supply most probably will be 8999999999 coins, so 1 nem stake most probably will be 2249999.99975 coins.
0.1 nem stake will be 10 times less. so you may choose how much you wish to buy on the asset exchange.

You may buy yourself a piece of a cake when its finally baked (on a normal exchange after the release), but currently no one knows how tasty it will be. maybe it is going be the best cake we have ever eaten, and we will sell it to other gourmets at a much higher price

Nice one man.

[nembit86]

https://bitcointalk.org/index.php?topic=915569.120.   keep voting guys. Let them know we are here.  

[zanzibar]

https://bitcointalk.org/index.php?topic=915569.120.   keep voting guys. Let them know we are here.  

Where's Utopian's sock puppets when you need them.

[nembit86]

https://bitcointalk.org/index.php?topic=915569.120.   keep voting guys. Let them know we are here.  

Where's Utopian's sock puppets when you need them.

Grasping at straws man, grasping at straws.

[makoto1337]

somebody decided to bake a huge cake, and there were 3000 or so people (original stakeholders) who wanted to taste it (on january 2014).
during the baking you could receive a coupon  (nemstake token) , this coupon entitles you to a 1/4000 piece of a cake.
the cake is being baked for 1 year now, and some people got tired to wait, or they have any other reasons,  and they have decided to sell their coupon on the nxt asset exchange.
the cake is going to be finished soon, this is why the kitchener asked everyone to return their coupons back to him, so that he could know who is going to eat it, and split the cake accordingly. I had my coupon since the very beggining, I have sent it back to the kitchener when he asked me to do so, this is why the supply has decreased but the coupon price remained the same (nemstake price is the same but market cap is decreasing).
Later I have decided that I want more than a 1/4000 piece of a cake, this is why I bought additional  nemstakes on the asset exchange. I still did not send my nemstake coupon to the kitchener, but I will do so in a very short time. You are going to do the same if you buy the coupon now.

the total supply most probably will be 8999999999 coins, so 1 nem stake most probably will be 2249999.99975 coins.
0.1 nem stake will be 10 times less. so you may choose how much you wish to buy on the asset exchange.

You may buy yourself a piece of a cake when its finally baked (on a normal exchange after the release), but currently no one knows how tasty it will be. maybe it is going be the best cake we have ever eaten, and we will sell it to other gourmets at a much higher price

Brilliant piece of writing!
+1 Nakamoto

[freigeist]

https://bitcointalk.org/index.php?topic=915569.120.   keep voting guys. Let them know we are here.  

Where's Utopian's sock puppets when you need them.

Grasping at straws man, grasping at straws.

Speaking of straws and straw mans,
check this and meet yours!  http://www.yourstrawman.com/

[Djinou94]

somebody decided to bake a huge cake, and there were 3000 or so people (original stakeholders) who wanted to taste it (on january 2014).
during the baking you could receive a coupon  (nemstake token) , this coupon entitles you to a 1/4000 piece of a cake.
the cake is being baked for 1 year now, and some people got tired to wait, or they have any other reasons,  and they have decided to sell their coupon on the nxt asset exchange.
the cake is going to be finished soon, this is why the kitchener asked everyone to return their coupons back to him, so that he could know who is going to eat it, and split the cake accordingly. I had my coupon since the very beggining, I have sent it back to the kitchener when he asked me to do so, this is why the supply has decreased but the coupon price remained the same (nemstake price is the same but market cap is decreasing).
Later I have decided that I want more than a 1/4000 piece of a cake, this is why I bought additional  nemstakes on the asset exchange. I still did not send my nemstake coupon to the kitchener, but I will do so in a very short time. You are going to do the same if you buy the coupon now.

the total supply most probably will be 8999999999 coins, so 1 nem stake most probably will be 2249999.99975 coins.
0.1 nem stake will be 10 times less. so you may choose how much you wish to buy on the asset exchange.

You may buy yourself a piece of a cake when its finally baked (on a normal exchange after the release), but currently no one knows how tasty it will be. maybe it is going be the best cake we have ever eaten, and we will sell it to other gourmets at a much higher price

Brilliant piece of writing!
+1 Nakamoto

+2 cake satoshi

[HungryLaunch]

600 pages

[makoto1337]

600 pages

A little too early ^_-

[jasemoney]

600 pages

A little too early ^_-

Can't blame HungryLaunch, Im starting to get excited too! Wish I had some BTC to spare.. Id love to nail down another NEMmy Stake.

[Djinou94]

600 pages and the coin is not launch wtf

[makoto1337]

600 pages and the coin is not launch wtf

Yeah, WTF? Is NEM out yet?

EDIT: It looks like there's a NEM beta out: https://forum.nemcoin.com/beta-launch-discussion/nem-beta-0-4-48/
Maybe we should help test 

[jabo38]

somebody decided to bake a huge cake, and there were 3000 or so people (original stakeholders) who wanted to taste it (on january 2014).
during the baking you could receive a coupon  (nemstake token) , this coupon entitles you to a 1/4000 piece of a cake.
the cake is being baked for 1 year now, and some people got tired to wait, or they have any other reasons,  and they have decided to sell their coupon on the nxt asset exchange.
the cake is going to be finished soon, this is why the kitchener asked everyone to return their coupons back to him, so that he could know who is going to eat it, and split the cake accordingly. I had my coupon since the very beggining, I have sent it back to the kitchener when he asked me to do so, this is why the supply has decreased but the coupon price remained the same (nemstake price is the same but market cap is decreasing).
Later I have decided that I want more than a 1/4000 piece of a cake, this is why I bought additional  nemstakes on the asset exchange. I still did not send my nemstake coupon to the kitchener, but I will do so in a very short time. You are going to do the same if you buy the coupon now.

the total supply most probably will be 8999999999 coins, so 1 nem stake most probably will be 2249999.99975 coins.
0.1 nem stake will be 10 times less. so you may choose how much you wish to buy on the asset exchange.

You may buy yourself a piece of a cake when its finally baked (on a normal exchange after the release), but currently no one knows how tasty it will be. maybe it is going be the best cake we have ever eaten, and we will sell it to other gourmets at a much higher price

a very big and delicious cake 

[FuckingNEM]

600 pages and the coin is not launch wtf

Yeah, WTF? Is NEM out yet?

EDIT: It looks like there's a NEM beta out: https://forum.nemcoin.com/beta-launch-discussion/nem-beta-0-4-48/
Maybe we should help test 

Yeah cause it's OUR fault that NEM started a redemption thread that has lasted so far for 7 MONTHS with no actual redemption....I see clearly now it's all our fault.

[mixmaster]

I'm really looking forward to check out multisig in the next BETA release. A coin which starts without multisig doesnt seem serious.

[patmast3r]

I'm really looking forward to check out multisig in the next BETA release. A coin which starts without multisig doesnt seem serious.

Next release will prob lack the GUI but we'll prob. provide description on how to use it anyway but it won't be very user friendly.
Maybe someone will write some scripts so it's easier for non-tech people.

Don't worry - at launch GUI will be ready

[martismartis]

Regarding exchanges after launch: are there some plans to use NXT MGW as exchange? If multisig will be ready, I think we need get rid off centralized exchanges and add NEM to MGW.