NEM (XEM) Official Thread - 100% New Code

Hello everybody,

I am thinking about investing in NEM. How many coins can I roughly expect to get for 1 NEMStake bought on the NXT AE?

Thanks!

1000 000

Thanks,

How many NEMStakes are they? And are all these NEMStakes = 4 billion NEMs?

Thanks

there will be a total of 4,000,000,000 nem after launch.

only 1000 stakes, (or 1,000,000,000 nem) were issued on the asset exchange. and of those only 775 stakes were claimed or distributed to stake holders on the asset exchange. so there are 2225 stakes that have never had anything to do with the AE the majority being stake holders who just didnt claim a stake on the AE.

So what will happen to these 225 stakes = 225,000,000 of coins? That is over 5%.
Also if I got it right, only 25% was offered on the NXT AE, right? Other 75% is distributed in the other ways and held in funds.

The most important question is what makes you guys better then NXT?

i think you are miss understanding me..

there are 4000 stakes.. 3000 people signed up for 3000 stakes.. all stakes were attached to bitcointalk accounts and there was no way for anyone to trade their stakes etc. so i suggested months ago that stakes be issued on the nxt asset exchange. utopian/the team knew that not everyone would want to sell/trade their stakes so only 1000 stake assets were issued.

if any stake holders wish to move their stake to the AE they had to request a stake to be sent to them. out of the 3000 stake holders on the list, only 775 people had their stake sent to them so the remaining 2225 are people who just stayed on the stake holder list. so the remaining 2225 stakes are owned by users on the stake holder list.

the unclaimed stakes, we are not sure what will be done with those yet but if current pace of claimers continues there wont actually be any unclaimed stakes. the longer this pace continues the more likely we will have very few left over. having no unclaimed would be a dream come true but it is unlikely to happen.

we have a vast amount of benefits over nxt. starting with distribution which, if all goes well will be total opposite of nxt's distribution model. in nxt you have 75% held by a handful of people(and its actually getting worse now) and the other 25% held by perhaps a few thousand. in nem you will have 25% held by few(but probably more people than the few in nxt) and 75% of the coins held by a vast majority and this is prior to even launching. many of the larger holders will sell off to a fleet of smaller buyers improving distribution further.

nem is written from scratch and will have a new algorithm called proof of importance which rewards nodes based on how important they are to the network instead of just based on who has the most coins. this will help drive active use of coins and further distribution. it also gives small holders a very very fair chance at forging regardless of whether they have far fewer coins than the largest holders. it will also discourage hoarding and brings many other benefits.

nem will use local wallets first but soon there you will have the ability to create brain wallets also.. think electrum. adding greater security but also great ease of use and convenience.

remote harvesting and multisignature will also be ready for beta release prior to distribution adding a vast amount of security for accounts allowing people to harvest from secure accounts with out any worry of coins being stolen.

there are a whole plethora of other benefits over nxt but i think those are the main points.

wow i just remembered how AWESOME nem is! Grin

Thanks for taking time to explain me. Now it is clear.
I really like NXT and have been a member of that community for a while. To be honest, I am not sure anymore that they will ever solve a problem of the initial distribution. Pressure on the price is enormous and without rise in price there is no further adoption.

Also, some of the most important NXT DEVs are starting other projects on the side which means that they are not developing NXT anymore.

	Author	Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs (Read 2984225 times)
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