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

[fragout]

Is it true that XEM has been initially distributed via Airdrop? There was no ICO, some private sale or similar?

Part of it was Airdrop. Part of it was 'given away' for a 'nominal donation' so read that as you will. But it wasn't like a typical ICO where you get more tokens the more money you put in - the initial NEM distribution was all based on Stakes and those were given to people in this forum based on unique usernames.

http://explorer.nemchina.com/#/s_block?height=1

Who were the 5 lucky ones that got 4 725 000 206 XEM or 52,86% of the "airdrop" ?

What is the current circulating supply?

If CoinMarketScam ( https://coinmarketcap.com/currencies/nem/ ) is correct: 8 999 999 999 XEM, it's the most greedy PoS scam project ever, with only 61,363,334 XEM or 0.686% earned in almost 3.5 years.

Here you can see the final distribution statistics and explanation of the various funds nem has:

https://docs.google.com/document/d/1TKTIakxUEotmTN4Et80EI7d-8XifgFZ4aBUGAukgLfY/edit#

And here is the rich list with the different fund addresses named:

https://nemnodes.org/richlist/

It would be grand if they only followed through with what they initially planned but the silver coin plan has had only silence or excuses for years now. At least the fund is still there, so there is some hope.

  2.1.2 Silver Coins for Distribution to Initial Stakeholders
Based on community consensus, physical silver coins will be minted and distributed to initial NEM stakeholders.

The silver coins shall be distributed as an asset (colored coin), effectively giving all initial stakeholders a parallel, silver-backed digital currency that shall reside on the NEM blockchain. To claim one physical silver coin, one whole silver coin asset is needed.

Note: The execution of the silver coin project is not guaranteed and will only proceed providing that XEM market cap and liquidity are sufficient to cover the expenses with the allocated stakes. If this condition is met, all initial stakeholders will be issued their silver coin asset. If the allocated stakes do not reach a high enough value to fund the project (to pay the mint and cover all costs [shipping costs etc.]) until V1 is released, the complete fund will be transferred to the community fund. "A high enough value" can not be exactly fixed at this time, but to get a feeling: it is estimated that the fund should reach at least USD 260,000 to be successful.

[AntiNoise]

Is it true that XEM has been initially distributed via Airdrop? There was no ICO, some private sale or similar?

Part of it was Airdrop. Part of it was 'given away' for a 'nominal donation' so read that as you will. But it wasn't like a typical ICO where you get more tokens the more money you put in - the initial NEM distribution was all based on Stakes and those were given to people in this forum based on unique usernames.

http://explorer.nemchina.com/#/s_block?height=1

Who were the 5 lucky ones that got 4 725 000 206 XEM or 52,86% of the "airdrop" ?

What is the current circulating supply?

If CoinMarketScam ( https://coinmarketcap.com/currencies/nem/ ) is correct: 8 999 999 999 XEM, it's the most greedy PoS scam project ever, with only 61,363,334 XEM or 0.686% earned in almost 3.5 years.

Here you can see the final distribution statistics and explanation of the various funds nem has:

https://docs.google.com/document/d/1TKTIakxUEotmTN4Et80EI7d-8XifgFZ4aBUGAukgLfY/edit#

And here is the rich list with the different fund addresses named:

https://nemnodes.org/richlist/

It would be grand if they only followed through with what they initially planned but the silver coin plan has had only silence or excuses for years now. At least the fund is still there, so there is some hope.

  2.1.2 Silver Coins for Distribution to Initial Stakeholders
Based on community consensus, physical silver coins will be minted and distributed to initial NEM stakeholders.

The silver coins shall be distributed as an asset (colored coin), effectively giving all initial stakeholders a parallel, silver-backed digital currency that shall reside on the NEM blockchain. To claim one physical silver coin, one whole silver coin asset is needed.

Note: The execution of the silver coin project is not guaranteed and will only proceed providing that XEM market cap and liquidity are sufficient to cover the expenses with the allocated stakes. If this condition is met, all initial stakeholders will be issued their silver coin asset. If the allocated stakes do not reach a high enough value to fund the project (to pay the mint and cover all costs [shipping costs etc.]) until V1 is released, the complete fund will be transferred to the community fund. "A high enough value" can not be exactly fixed at this time, but to get a feeling: it is estimated that the fund should reach at least USD 260,000 to be successful.

I don't think there's a reason to start this discussion again.
Everything has been said about that.

[gentlemand]

I don't think there's a reason to start this discussion again.
Everything has been said about that.

Except absolutely nothing's been decided or resolved.

It were a silly idea to start with. It should've been strangled at birth. Anyway, others will settle its fate eventually. I'm an initial stakeholder but have zero feelings regarding those funds.

[Alterberg]

This project seems to me to work without stopping from its very beginning, is it not so?

[AntiNoise]

I don't think there's a reason to start this discussion again.
Everything has been said about that.

Except absolutely nothing's been decided or resolved.

It were a silly idea to start with. It should've been strangled at birth. Anyway, others will settle its fate eventually. I'm an initial stakeholder but have zero feelings regarding those funds.

For most people who have been here for years and support NEM, it's not important at the moment. . . . .

[AntiNoise]

This project seems to me to work without stopping from its very beginning, is it not so?

Yep, without any failure....

[Big Naturals]

I don't think there's a reason to start this discussion again.
Everything has been said about that.

Except absolutely nothing's been decided or resolved.

It were a silly idea to start with. It should've been strangled at birth. Anyway, others will settle its fate eventually. I'm an initial stakeholder but have zero feelings regarding those funds.

Either fulfill the details of the silver coin plan, or use the funds to top up the supernode bounty fund and add a tapering period where the reward reduces gradually over 12 months, to prevent the supernode system ending abruptly with a catastrophic drop in supernode numbers. All the coins locked up in supernodes getting liquidated at the same time could be a coin killing event.

[SCAMcoinTalk]

Is it true that XEM has been initially distributed via Airdrop? There was no ICO, some private sale or similar?

Part of it was Airdrop. Part of it was 'given away' for a 'nominal donation' so read that as you will. But it wasn't like a typical ICO where you get more tokens the more money you put in - the initial NEM distribution was all based on Stakes and those were given to people in this forum based on unique usernames.

http://explorer.nemchina.com/#/s_block?height=1

Who were the 5 lucky ones that got 4 725 000 206 XEM or 52,86% of the "airdrop" ?

What is the current circulating supply?

If CoinMarketScam ( https://coinmarketcap.com/currencies/nem/ ) is correct: 8 999 999 999 XEM, it's the most greedy PoS scam project ever, with only 61,363,334 XEM or 0.686% earned in almost 3.5 years.

Here you can see the final distribution statistics and explanation of the various funds nem has:

https://docs.google.com/document/d/1TKTIakxUEotmTN4Et80EI7d-8XifgFZ4aBUGAukgLfY/edit#

And here is the rich list with the different fund addresses named:

https://nemnodes.org/richlist/

Current rich list says nothing, 'cause it's too easy to redistribute the coins.

So, it's Sustainability Fund, Marketing Fund (Launch/V1 Reward), Operational Costs Fund I, Pre-V1 Fund & Post-V1 Fund.

And Sustainability Fund got about 24% or more than 1/3 of Stakeholder Community Distribution because of sock puppets and unclaimed stakes.

And who controls the above mentioned funds?

[jyrvalor]

Is it true that XEM has been initially distributed via Airdrop? There was no ICO, some private sale or similar?

Part of it was Airdrop. Part of it was 'given away' for a 'nominal donation' so read that as you will. But it wasn't like a typical ICO where you get more tokens the more money you put in - the initial NEM distribution was all based on Stakes and those were given to people in this forum based on unique usernames.

http://explorer.nemchina.com/#/s_block?height=1

Who were the 5 lucky ones that got 4 725 000 206 XEM or 52,86% of the "airdrop" ?

What is the current circulating supply?

If CoinMarketScam ( https://coinmarketcap.com/currencies/nem/ ) is correct: 8 999 999 999 XEM, it's the most greedy PoS scam project ever, with only 61,363,334 XEM or 0.686% earned in almost 3.5 years.

Here you can see the final distribution statistics and explanation of the various funds nem has:

https://docs.google.com/document/d/1TKTIakxUEotmTN4Et80EI7d-8XifgFZ4aBUGAukgLfY/edit#

And here is the rich list with the different fund addresses named:

https://nemnodes.org/richlist/

Current rich list says nothing, 'cause it's too easy to redistribute the coins.

So, it's Sustainability Fund, Marketing Fund (Launch/V1 Reward), Operational Costs Fund I, Pre-V1 Fund & Post-V1 Fund.

And Sustainability Fund got about 24% or more than 1/3 of Stakeholder Community Distribution because of sock puppets and unclaimed stakes.

And who controls the above mentioned funds?

Too easy to redistribute the coins? Just use the blockchain explorer to verify what ever you need about the funds.

All the accounts are controlled by members of the nem team. They use nem's native multisig to ensure that nothing can be moved without at least 5 different people agreeing to do so.

If the devs wanted to scam people why didn't they exit in december when the combined funds were worth over 7 billion usd?

[LemonAndFriesOne]

ALL INITIAL ACCOUNTS WERE FUNDED FROM THE GENESIS ACCOUNT.

More weak FUD

 

[gentlemand]

Either fulfill the details of the silver coin plan, or use the funds to top up the supernode bounty fund and add a tapering period where the reward reduces gradually over 12 months, to prevent the supernode system ending abruptly with a catastrophic drop in supernode numbers. All the coins locked up in supernodes getting liquidated at the same time could be a coin killing event.

That's exactly what I'd do too but such boldness and sense rarely goes down well with the people with the plan, or lack thereof.

[jkoil]

Is it true that XEM has been initially distributed via Airdrop? There was no ICO, some private sale or similar?

Part of it was Airdrop. Part of it was 'given away' for a 'nominal donation' so read that as you will. But it wasn't like a typical ICO where you get more tokens the more money you put in - the initial NEM distribution was all based on Stakes and those were given to people in this forum based on unique usernames.

http://explorer.nemchina.com/#/s_block?height=1

Who were the 5 lucky ones that got 4 725 000 206 XEM or 52,86% of the "airdrop" ?

What is the current circulating supply?

If CoinMarketScam ( https://coinmarketcap.com/currencies/nem/ ) is correct: 8 999 999 999 XEM, it's the most greedy PoS scam project ever, with only 61,363,334 XEM or 0.686% earned in almost 3.5 years.

Here you can see the final distribution statistics and explanation of the various funds nem has:

https://docs.google.com/document/d/1TKTIakxUEotmTN4Et80EI7d-8XifgFZ4aBUGAukgLfY/edit#

And here is the rich list with the different fund addresses named:

https://nemnodes.org/richlist/

Current rich list says nothing, 'cause it's too easy to redistribute the coins.

So, it's Sustainability Fund, Marketing Fund (Launch/V1 Reward), Operational Costs Fund I, Pre-V1 Fund & Post-V1 Fund.

And Sustainability Fund got about 24% or more than 1/3 of Stakeholder Community Distribution because of sock puppets and unclaimed stakes.

And who controls the above mentioned funds?

Too easy to redistribute the coins? Just use the blockchain explorer to verify what ever you need about the funds.

All the accounts are controlled by members of the nem team. They use nem's native multisig to ensure that nothing can be moved without at least 5 different people agreeing to do so.

If the devs wanted to scam people why didn't they exit in december when the combined funds were worth over 7 billion usd?

https://forum.nem.io/t/not-claiming-nemstake-why-it-is-no-longer-possible-and-the-history-of-the-process/2859

The Google Docs Sheet about the stakeholders does not exist anymore in its initial location...

[Jembut Ireng]

NEM is a good and promising coin that is worthy of being a long-term investment, I am optimistic that by the end of the year NEM will enter the top 10 so investing NEM is very profitable.

[wattson]

housands of posts have arrived in this thread. nem is a coin that the market is quite big end of this. there is one question that I want to ask you who use nemcoin. Why until now the price of nemcoin always tends to go down? The increase experienced by nemcoin is not big enough compared to the price decline. Is not this very detrimental to investors?

hey mate, not every project out there can be profitable in both short and long run, y'know what I'm saying?
some can't make you money right away but WILL definitely make you money further down the line. have some faith.

[erwan]

Wanchain is an ethereum fork, they distinguish themselves by offering interoperability across other chains and what what I hear are making good progress with it. Nems catapult offers basically this same functionality through decentralized swaps plus tons more and many more sdks. Nems current public speed is lower than wans afaik, but catapult will increase it 5x or so I believe but no facts yet.

[SCAMcoinTalk]

Current rich list says nothing, 'cause it's too easy to redistribute the coins.

So, it's Sustainability Fund, Marketing Fund (Launch/V1 Reward), Operational Costs Fund I, Pre-V1 Fund & Post-V1 Fund.

And Sustainability Fund got about 24% or more than 1/3 of Stakeholder Community Distribution because of sock puppets and unclaimed stakes.

And who controls the above mentioned funds?

Too easy to redistribute the coins? Just use the blockchain explorer to verify what ever you need about the funds.

All the accounts are controlled by members of the nem team. They use nem's native multisig to ensure that nothing can be moved without at least 5 different people agreeing to do so.

If the devs wanted to scam people why didn't they exit in december when the combined funds were worth over 7 billion usd?

Maybe, it was wash trading or the price was following Bitcoin with few real buyers. So, it wasn't possible to sell it all even for 7 mil USD.

Can you explain How Harvesting Works? Where the earned coins come from in particular? From transaction fees or from some of the above mentioned funds?

[jkoil]

...
Maybe, it was wash trading or the price was following Bitcoin with few real buyers. So, it wasn't possible to sell it all even for 7 mil USD.

Can you explain How Harvesting Works? Where the earned coins come from in particular? From transaction fees or from some of the above mentioned funds?

[vita94]

When will catapult happen .. ?? Price is very appetizing!)

[icosscam]

When will catapult happen .. ?? Price is very appetizing!)

Must be never
I am waiting catapult from last summer…

[Alohaboy?!]

When will catapult happen .. ?? Price is very appetizing!)

Must be never
I am waiting catapult from last summer…

That's just not correct.

The migration of the private chain was never said to be finished in the last year. There was never a specific release date and therefore there is no real delay. Just take a look at everything already released and you will see how much work it is to develop the whole network from scratch for the second time