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

[KimNg]

Catapult + NIS1 Tokenomics Public Proposal
https://forum.nem.io/t/catapult-nis1-tokenomics-public-proposal/23660

I would NOT reduce the maximum supply of XEM2 by a decimal place.
Decreasing the supply will just open up another whole new can of worms in this migration.

A 10x reduction is a marketing tactic that while it ~might~ be beneficial in the short-term, it
adds unnecessary risk.

We need to minimize the unintended consequences, not the supply.

Keep the XEM:XEM2 ratio 1:1

Go NEM! 

[lemonandfriesonetwo]

Catapult + NIS1 Tokenomics Public Proposal
https://forum.nem.io/t/catapult-nis1-tokenomics-public-proposal/23660

I would NOT reduce the maximum supply of XEM2 by a decimal place.
Decreasing the supply will just open up another whole new can of worms in this migration.

A 10x reduction is a marketing tactic that while it ~might~ be beneficial in the short-term, it
adds unnecessary risk.

We need to minimize the unintended consequences, not the supply.

Keep the XEM:XEM2 ratio 1:1

Go NEM! 

[fragout]

Been catching up on the Catapult launch and as things stand (unless Ive been reading an out of date proposal) is that NEM will split into two networks and two coins on an undisclosed as yet snapshot day.
So I would assume anyone lucky enough or in the know will opt in to the catapult coin and after the snapshot dump their Nem asap to the unsuspecting buy orders on various exchanges. The price will collapse and the New Nem catapult coin will go on sale for an unknown price, but most likely many fractions lower than the current Nem price.


Anyone who doesn't opt in after a certain date loses out and control of every lost/unclaimed/silvercoin fund/ dev fund etc goes to who exactly ?

Am I reading this totally wrong?

[satb]

Anyone who doesn't opt in after a certain date loses out and control of every lost/unclaimed/silvercoin fund/ dev fund etc goes to who exactly ?

Am I reading this totally wrong?

My understanding from what I've read on the NEM forum (forum.nem.io) is that unclaimed funds go into a "legal entity" until the opt-in process is over (the opt-in period will be for a number of years).

Your claim to catapult are safe after snapshot whether you opt-in or not, the main thing is your XEM1 at snapshot time are allocated a 1:1 ratio of XEM2.  After the snapshot you can do what you like with the XEM1 as your allocation to XEM2 has been recorded at the snapshot time.

You can opt-in at the time of your choice when you're ready to receive your catapult (XEM2) allocation.  Some people may decide to receive them at a later date due to tax reasons in their jurisdiction.

[fragout]

Anyone who doesn't opt in after a certain date loses out and control of every lost/unclaimed/silvercoin fund/ dev fund etc goes to who exactly ?

Am I reading this totally wrong?

My understanding from what I've read on the NEM forum (forum.nem.io) is that unclaimed funds go into a "legal entity" until the opt-in process is over (the opt-in period will be for a number of years).

Phew . my worries were unfounded. Once its going to a legal entity, im sure everything will be fine. Ill set up a legal entity if ye like and and take good care of them. promise.
Anyone know  when snapshot day is?(ballpark)

[lemonandfriesonetwo]

My understanding from what I've read on the NEM forum (forum.nem.io) is that unclaimed funds go into a "legal entity" until the opt-in process is over (the opt-in period will be for a number of years).

Your claim to catapult are safe after snapshot whether you opt-in or not, the main thing is your XEM1 at snapshot time are allocated a 1:1 ratio of XEM2.  After the snapshot you can do what you like with the XEM1 as your allocation to XEM2 has been recorded at the snapshot time.

You can opt-in at the time of your choice when you're ready to receive your catapult (XEM2) allocation.  Some people may decide to receive them at a later date due to tax reasons in their jurisdiction.

[thehihoguy]

Hi guys,

im not continously following this project but i just saw that there is a swap? or fork?
Is there a source where i can followup in laymens terms? the announcement on the website is quite confusing.
Thanks in advance for tips!

[gramufibus]

Hi guys,

im not continously following this project but i just saw that there is a swap? or fork?
Is there a source where i can followup in laymens terms? the announcement on the website is quite confusing.
Thanks in advance for tips!

It is being debated how it will exactly work and not a final plan yet.  The FAQ on their forum is probably the clearest.  Basically when Catapult is released, they take a snapshot of all nem1 wallets, and those wallets can opt in to redeem that amount of Catapult.  You can either pre-opt in to get them right at the initial release, or redeem them at a later time.
Did You check out the Catapult Migration FAQ at the forum site? support.nem.help/hc/en-us/sections/360007012931-Catapult-Migration-FAQ
It's not totally clear but hopefully helps a little.

[thehihoguy]

Hi guys,

im not continously following this project but i just saw that there is a swap? or fork?
Is there a source where i can followup in laymens terms? the announcement on the website is quite confusing.
Thanks in advance for tips!

It is being debated how it will exactly work and not a final plan yet.  The FAQ on their forum is probably the clearest.  Basically when Catapult is released, they take a snapshot of all nem1 wallets, and those wallets can opt in to redeem that amount of Catapult.  You can either pre-opt in to get them right at the initial release, or redeem them at a later time.
Did You check out the Catapult Migration FAQ at the forum site? support.nem.help/hc/en-us/sections/360007012931-Catapult-Migration-FAQ
It's not totally clear but hopefully helps a little.

Thanks a lot is much clearer now, currently reading through the FAQ.
For an outside i must say it sounds a lil shady with the new network but i will read further into the idea. last question, whats the best way to follow up on the news of the devs? bitcointalk seems slow. do they have telegram or discord?

"13. QUESTION: What will be the total supply of new tokens in the new network?

ANSWER: 9 billion."

but then its optin...rest goes to whoever controls it

[lemonandfriesonetwo]

Why even have a discussion about it?
In the end the foundation will do whatever benefits them most.
This has been proven many times in the past, they do what they want.
Your opinion means nothing to them.

[jkoil]

Hi guys,

im not continously following this project but i just saw that there is a swap? or fork?
Is there a source where i can followup in laymens terms? the announcement on the website is quite confusing.
Thanks in advance for tips!

It is being debated how it will exactly work and not a final plan yet.  The FAQ on their forum is probably the clearest. 
...

This discussion shows once again, what is missing from the clarity of defining processes and procedures - in NEM and also in other cryptos.
Are the all blinded by the "distributed processes"   and they like that the information is thrown to many different places.
No, that distribution is the wrong solution here - the information must be "centralized".

In this Topic's (NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs) first post should be a clear link to the main information of the Catapult and all these NEM related issues.
Now there is only the mention that "Its expected release is in 2019".

Also Catapult info must be in one page or even in one post, which is updated while the discussion goes on. Ofc not all the details cannot be updated to that, but such things, which are already decided or which are important issues and may affect to the decisions. (The feedback about NEM "redeeming" should have taught something)

[lemonandfriesonetwo]

Hi guys,

im not continously following this project but i just saw that there is a swap? or fork?
Is there a source where i can followup in laymens terms? the announcement on the website is quite confusing.
Thanks in advance for tips!

It is being debated how it will exactly work and not a final plan yet.  The FAQ on their forum is probably the clearest. 
...

This discussion shows once again, what is missing from the clarity of defining processes and procedures - in NEM and also in other cryptos.
Are the all blinded by the "distributed processes"   and they like that the information is thrown to many different places.
No, that distribution is the wrong solution here - the information must be "centralized".

In this Topic's (NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs) first post should be a clear link to the main information of the Catapult and all these NEM related issues.
Now there is only the mention that "Its expected release is in 2019".

Also Catapult info must be in one page or even in one post, which is updated while the discussion goes on. Ofc not all the details cannot be updated to that, but such things, which are already decided or which are important issues and may affect to the decisions. (The feedback about NEM "redeeming" should have taught something)

[jkoil]

Hi guys,

im not continously following this project but i just saw that there is a swap? or fork?
Is there a source where i can followup in laymens terms? the announcement on the website is quite confusing.
Thanks in advance for tips!

It is being debated how it will exactly work and not a final plan yet.  The FAQ on their forum is probably the clearest. 
...

This discussion shows once again, what is missing from the clarity of defining processes and procedures - in NEM and also in other cryptos.
Are the all blinded by the "distributed processes"   and they like that the information is thrown to many different places.
No, that distribution is the wrong solution here - the information must be "centralized".

In this Topic's (NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs) first post should be a clear link to the main information of the Catapult and all these NEM related issues.
Now there is only the mention that "Its expected release is in 2019".

Also Catapult info must be in one page or even in one post, which is updated while the discussion goes on. Ofc not all the details cannot be updated to that, but such things, which are already decided or which are important issues and may affect to the decisions. (The feedback about NEM "redeeming" should have taught something)

another propaganda-img...

This 2nd instance of lemon-nick seemed to be a little bit more reasonable ... until this autumn.
What is your agenda and motive now?

[gentlemand]

This 2nd instance of lemon-nick seemed to be a little bit more reasonable ... until this autumn.
What is your agenda and motive now?

In the past it had phases where it briefly cracked up in this manner and then returned to weirdly bland bot-esque posts for a few months.

That hasn't happened this time. I guess things must have gone wrong in the mainframe somewhere.

[satb]

Hi guys,

im not continously following this project but i just saw that there is a swap? or fork?
Is there a source where i can followup in laymens terms? the announcement on the website is quite confusing.
Thanks in advance for tips!

Try this:

https://support.nem.help/hc/en-us/sections/360007012931-Catapult-Migration-FAQ

[DavPassion]

Interview: Lewis Farrell Chef de la direction Marketing NEM
https://passioncrypto.com/interview-lewis-farrell-responsable-marketing-de-la-fondation-nem/

[jelin1984]

Interview: Lewis Farrell Chief Marketing Officer NEM.
 October 21, 2019  PassionCrypto  Interview , NEM (XEM)  0

Welcome to PassionCrypto.com for this interview we contacted Lewis Farrell Marketing Manager of the NEM Foundation:

Could you introduce yourself and tell us what is your position at NEM (XEM) ?
My name is Lewis Farrell and I am the Chief Marketing Officer of NEM.
What is your career path?
I have over 20 years of experience in business marketing, both strategic and tactical, as well as in IT, life sciences and finance.
What attracted you to the cryptographic domain?
Blockchain's technology has the potential to completely change the way we develop and implement enterprise applications and scale them globally to connect not just everyone in a business, but also its customers and partners.
Could you talk to me about NEM (XEM) and his team?
NEM is one of the oldest and most established crypto and blockchain space. That said, their new solution, Catapult, is a real 3rd generation blockchain platform. Catapult not only harnesses the latest security and sizing technologies, but also adds amazing new features that businesses need to deploy a global application.
Could you tell me about your Blockchain and the difference with your competitors?
Catapult is an advanced 3rd generation blockchain technology that uses a layered architecture approach to achieve much higher levels of security, significantly reducing the risk of developing new applications. Catapult is also more efficient in using resources and supports application scaling faster and more efficiently. In addition, we have a number of unique, enterprise-centric features that enable businesses to get to market faster, meet the challenge of disruptive technologies and beat their competitors.
Could you tell us a little more about your upcoming projects?
We are currently preparing the release of Catapult.
What advice would you give to a company that would like to launch this field today?
Run as fast as possible. Learn from the mistakes of your competitors, as well as yours. Listen carefully to your customers and prospects. Do what you say and say what you do.
Thanks to Lewis Farrell Chief Marketing Officer NEM for this interview. PassionCrypto.com

[KimNg]

Buy the dip.

[pressing207]

Hi guys,

im not continously following this project but i just saw that there is a swap? or fork?
Is there a source where i can followup in laymens terms? the announcement on the website is quite confusing.
Thanks in advance for tips!

It is being debated how it will exactly work and not a final plan yet.  The FAQ on their forum is probably the clearest. 
...

This discussion shows once again, what is missing from the clarity of defining processes and procedures - in NEM and also in other cryptos.
Are the all blinded by the "distributed processes"   and they like that the information is thrown to many different places.
No, that distribution is the wrong solution here - the information must be "centralized".

In this Topic's (NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs) first post should be a clear link to the main information of the Catapult and all these NEM related issues.
Now there is only the mention that "Its expected release is in 2019".

Also Catapult info must be in one page or even in one post, which is updated while the discussion goes on. Ofc not all the details cannot be updated to that, but such things, which are already decided or which are important issues and may affect to the decisions. (The feedback about NEM "redeeming" should have taught something)

Nightmare! Should all people be professional cryptographers to avoid losing their coins?

[pontifier]

Hi guys,

im not continously following this project but i just saw that there is a swap? or fork?
Is there a source where i can followup in laymens terms? the announcement on the website is quite confusing.
Thanks in advance for tips!

It is being debated how it will exactly work and not a final plan yet.  The FAQ on their forum is probably the clearest. 
...

This discussion shows once again, what is missing from the clarity of defining processes and procedures - in NEM and also in other cryptos.
Are the all blinded by the "distributed processes"   and they like that the information is thrown to many different places.
No, that distribution is the wrong solution here - the information must be "centralized".

In this Topic's (NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs) first post should be a clear link to the main information of the Catapult and all these NEM related issues.
Now there is only the mention that "Its expected release is in 2019".

Also Catapult info must be in one page or even in one post, which is updated while the discussion goes on. Ofc not all the details cannot be updated to that, but such things, which are already decided or which are important issues and may affect to the decisions. (The feedback about NEM "redeeming" should have taught something)

https://pics.me.me/take-warning-tsa-red-flag-for-a-reason-1759040.png

Nightmare! Should all people be professional cryptographers to avoid losing their coins?

Yes, if you are dealing with a shitcoin like NEM. The people behind it have no integrity.