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

[rockethead]

I don't see the point in a beta release.  A stripped down beta client traded on exchanges like Poloniex doesn't bring utility to anyone, except short term speculators who intend on dumping some weeks after launch.  Maybe this would had flied back in October 2013 but I feel standards may be higher now in the crypto community.


We already have a stripped down beta client - it's called Alpha.  We already have trading - it's called the token exchange.  If someone does not like it then they have the exit strategy of selling their tokens.   It just means a weak hand will let go and a stronger hand will take their place.     Long term stability is dependent that the community consists of holders and not dumpers looking to make a quick buck.

It's a hard balance between features and speed. We are planning to launch with at least a few features that other cryptos don't have. After "launch" I think it is safe to say that anyone who sells in the first half year is crazy, as we will still be adding many new features (we'll probably release a proposed roadmap/feature list at some point).

If everything goes well, we should see a power ecosystem by June next year. That is provided we have support from the community to make this happen.

[sdersdf2]

I hope you guys are planning a much smoother wallet launch than the SYS guys - hope the past few months have been spent on solid development that delivers cleanly on all promises.

Question: what percentage of NEM have already been doled out as stakes and what percentage remains to be distributed as regular coins at the big wallet launch?

[sdersdf2]

I don't see the point in a beta release.  A stripped down beta client traded on exchanges like Poloniex doesn't bring utility to anyone, except short term speculators who intend on dumping some weeks after launch.  Maybe this would had flied back in October 2013 but I feel standards may be higher now in the crypto community.


We already have a stripped down beta client - it's called Alpha.  We already have trading - it's called the token exchange.  If someone does not like it then they have the exit strategy of selling their tokens.   It just means a weak hand will let go and a stronger hand will take their place.     Long term stability is dependent that the community consists of holders and not dumpers looking to make a quick buck.

It's a hard balance between features and speed. We are planning to launch with at least a few features that other cryptos don't have. After "launch" I think it is safe to say that anyone who sells in the first half year is crazy, as we will still be adding many new features (we'll probably release a proposed roadmap/feature list at some point).

If everything goes well, we should see a power ecosystem by June next year. That is provided we have support from the community to make this happen.

What kind of support do you need?

[xtester]

I hope you guys are planning a much smoother wallet launch than the SYS guys - hope the past few months have been spent on solid development that delivers cleanly on all promises.

Question: what percentage of NEM have already been doled out as stakes and what percentage remains to be distributed as regular coins at the big wallet launch?

Hi sdersdf2 ,

Indeed, our dev team is working hard to make things run as smooth as possible once we launch, this is why a lot of testing is done right now.

As for your question, all NEM will be distributed at launch. NEM stakes are only a token which represents NEM until we have the real thing - so NEM stakes will also be exchanged for real NEM at launch.

[nutildah]

the sooner NEM can be untied to NXT, the better..

what is happening with NXT right now is another good lesson to learn from.. well first of all the lesson is don't get hacked if you're an exchange and secondly, don't perform a rollback or hardfork for an exchange. it would just blemish the reputation of your coin, ala the great Vericoin bailout of '14.

[sdersdf2]

I hope you guys are planning a much smoother wallet launch than the SYS guys - hope the past few months have been spent on solid development that delivers cleanly on all promises.

Question: what percentage of NEM have already been doled out as stakes and what percentage remains to be distributed as regular coins at the big wallet launch?

Hi sdersdf2 ,

Indeed, our dev team is working hard to make things run as smooth as possible once we launch, this is why a lot of testing is done right now.

As for your question, all NEM will be distributed at launch. NEM stakes are only a token which represents NEM until we have the real thing - so NEM stakes will also be exchanged for real NEM at launch.

By my question I meant, what % of all outstanding coins do the tokens requested/distributed thus far represent - in other words, what percent of all outstanding NEM has been requested in the form of tokens ahead of the official future coin-wallet launch?

[xtester]

I hope you guys are planning a much smoother wallet launch than the SYS guys - hope the past few months have been spent on solid development that delivers cleanly on all promises.

Question: what percentage of NEM have already been doled out as stakes and what percentage remains to be distributed as regular coins at the big wallet launch?

Hi sdersdf2 ,

Indeed, our dev team is working hard to make things run as smooth as possible once we launch, this is why a lot of testing is done right now.

As for your question, all NEM will be distributed at launch. NEM stakes are only a token which represents NEM until we have the real thing - so NEM stakes will also be exchanged for real NEM at launch.

By my question I meant, what % of all outstanding coins do the tokens requested/distributed thus far represent - in other words, what percent of all outstanding NEM has been requested in the form of tokens ahead of the official future coin-wallet launch?

Out of 4000 NEM stakes only 1000 are available to be requested and distributed on the Nxt AE until official launch. Out of this, 649 have already been sent out and 351 are still available. So 649 stakes = 16.225% distributed stakes.

[fragout]

Patmaster en XTESTER I send you a message to claim my token, can you please respond?? thanks

Your token should be in your account already for almost a week.

Thanks, when is the official launch and can I still use the token then?

Hi twistelaar,

Please check the updated OP. You should be able to redeem the token for real NEM at launch.

"9. Additional conversion condition: A maximum of 2 NEMstake tokens will be allowed to convert to NEM per one NXT account (with one unique NEM receiving account). That means if one account sends more than 2 NEMstake tokens back to the issuer account for NEM, he will receive the cap for that account of 2 million NEM. This hopefully will partly discourage an early concentration of NEM in a few accounts. "

Is this still in force. I want to buy some more ? or is necessary to split tokens to other accounts ?

Could I get a response to this pls

[rockethead]

Patmaster en XTESTER I send you a message to claim my token, can you please respond?? thanks

Your token should be in your account already for almost a week.

Thanks, when is the official launch and can I still use the token then?

Hi twistelaar,

Please check the updated OP. You should be able to redeem the token for real NEM at launch.

"9. Additional conversion condition: A maximum of 2 NEMstake tokens will be allowed to convert to NEM per one NXT account (with one unique NEM receiving account). That means if one account sends more than 2 NEMstake tokens back to the issuer account for NEM, he will receive the cap for that account of 2 million NEM. This hopefully will partly discourage an early concentration of NEM in a few accounts. "

Is this still in force. I want to buy some more ? or is necessary to split tokens to other accounts ?

Could I get a response to this pls

Yes and no. Yes, it is in force and no because if you read the condition, it does not say each person. It only says each account. In other words you can have 10 accounts with 2 NEMs each.

[Thingamajig]

the sooner NEM can be untied to NXT, the better..

what is happening with NXT right now is another good lesson to learn from.. well first of all the lesson is don't get hacked if you're an exchange and secondly, don't perform a rollback or hardfork for an exchange. it would just blemish the reputation of your coin, ala the great Vericoin bailout of '14.

This wasn't a fault of the coin though. It was the exchange.

This is why it's important nem gets on a number of equally popular exchanges on release. One exchange monopolizing the volumes can go belly up if they make even a simple mistake.

[fragout]

the sooner NEM can be untied to NXT, the better..

what is happening with NXT right now is another good lesson to learn from.. well first of all the lesson is don't get hacked if you're an exchange and secondly, don't perform a rollback or hardfork for an exchange. it would just blemish the reputation of your coin, ala the great Vericoin bailout of '14.

This wasn't a fault of the coin though. It was the exchange.

This is why it's important nem gets on a number of equally popular exchanges on release. One exchange monopolizing the volumes can go belly up if they make even a simple mistake.

it is possible to set up and run our own multigateway for nxt WE so that people can trade with out worry of a central point of failure. All we need is for nem to support multisig and some to set up the servers then just 3 highly trusted people from nem to host the servers. I think after recent events it would be a very good idea to give people this option straight of the bat.

Do you not have to worry about those servers getting hacked then though and someone siphoning off trades midstream? (disclaimer - I know noting)

[wallacemckart]

If it is needed, I can translate client, topic etc. to Turkish. I want to help.

[oldisoft]

come from ass- this one is original thread for you https://bitcointalk.org/index.php?topic=729053.0
go away with your bullshit

[devphp]

Out of 4000 NEM stakes only 1000 are available to be requested and distributed on the Nxt AE until official launch. Out of this, 649 have already been sent out and 351 are still available. So 649 stakes = 16.225% distributed stakes.

Wow, that can really crush the price when more stakes are distributed.

[Simakki]

Out of 4000 NEM stakes only 1000 are available to be requested and distributed on the Nxt AE until official launch. Out of this, 649 have already been sent out and 351 are still available. So 649 stakes = 16.225% distributed stakes.

Wow, that can really crush the price when more stakes are distributed.

I might disagree. Yet we have seen only that guys who wanted to dump, dump their coins. More interesting would be that how strongly majority of holders agree to hold and their action more likely seems to mean 2000-500$ aint enough.

[markn]

Out of 4000 NEM stakes only 1000 are available to be requested and distributed on the Nxt AE until official launch. Out of this, 649 have already been sent out and 351 are still available. So 649 stakes = 16.225% distributed stakes.

Wow, that can really crush the price when more stakes are distributed.

I might disagree. Yet we have seen only that guys who wanted to dump, dump their coins. More interesting would be that how strongly majority of holders agree to hold and their action more likely seems to mean 2000-500$ aint enough.

I hope people will not dump because it is stupid and everybody would be harmed.
We need time to grow, people should not hurry and should be more patient. Bitcoin is here for years and still has to overcome many things.

[amytheplanarshift]

I've said it before and I'll say it again. I'm never selling my NEM for anything unless one day NEM turns out to be fundamentally flawed and another coin rises up to replace it. NEM is going to be my primary cryptocurrency and I will use it as such for as long as it remains active and developed. I'm pretty sure I'm not the only one here thinking the same thing either.

[Djinou94]

Hello
I have 2 nem stake on AE
What to do to get nem coins?

[devphp]

I've said it before and I'll say it again. I'm never selling my NEM for anything unless one day NEM turns out to be fundamentally flawed and another coin rises up to replace it. NEM is going to be my primary cryptocurrency and I will use it as such for as long as it remains active and developed. I'm pretty sure I'm not the only one here thinking the same thing either.

Such dedication. Much support

[freigeist]

Hello
I have 2 nem stake on AE
What to do to get nem coins?

Hello.

You need to wait until the coin gets released
and at that point you will need send back the NEMSATKEs to the
issuer account with your nem address and once done that you will
receive NEM coins in exchange.
All the info regarding this will be published in this thread and on nemforum
so just be sure to check this thread once in a while.

If you get bored waiting you could do the following:
1) promote NEM to friends family or in other social networks
- write articles,
- translated articles ,
- do fliers design
2) get engaged to build the NEM ecosystem by helping
- translate software
- do web design
- do software development
- move your current business, if you have any, to use NEM as a currency

and lot of more...
All this will help to increase the value of your stakes