If someone were to purchase the Nxttycoin Asset how do I receive Nxttycoin or use the asset for profit?
You can purchase it on NXT Asset Exchange. When you purchase it there, it's automatically linked to your NXT account = received. As for profit, you can trade it and profit from price fluctuations, you can wait for the app to be released and profit from price appreciation as more value/users are added and the company grows bigger.