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Topic: [ANN] Nxt to NEX Buy In - Exchange 1 Nxt for 50 NEX (MODERATED) - page 9. (Read 21738 times)

full member
Activity: 153
Merit: 100
I'll pledge 2500 nxt
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
Spreadsheet updated

708,248 Nxt Pledged.
full member
Activity: 224
Merit: 100
Quote
Adding 1000 NXT

I want to re-pledge it to 2000 NXT. Please update FrictionlessCoin
sr. member
Activity: 414
Merit: 250
2000 nxt pledged
newbie
Activity: 7
Merit: 0
I will pledge 10000 nxt
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
You are only selling 5% to this thread.  That leaves 95% to the "Just Click on Interested" crowd and the developers stake.  I thought I heard you mention that only 300 people signed up on the website. Something doesn't make sense to me.

Does that mean they will have a bigger stake than the people reserving a deal in this thread?  
Can you explain the numbers?  
How is the other 95% being allocated?

My opinion is that 5% is way too low for the only group that's actually paying for a stake.  Unless I'm missing something, please correct me if I'm wrong.

5% is allocated for this NEX exchange.  1% is allocated for VisaCoin holders.   An unknown percentage will be allocated to those 'just interested'.   There are at least 500 'just interested' folks,  we hope to get much more.

Note:  NEX is likely not a 100% proof of stake coin due to its very unfair distribution dynamics.  Distribution will happen with a mechanism other than proof of work, but it will happen over a period similar to proof of work schemes.  Think a year of distribution followed by a low inflation rate.  The initial distribution will however be proof of stake,  so there is an extreme advantage to be in the initial distribution.  

This 5% will be used for continuous development and maintenance of the network.  A stable set of 20 nodes will be allocated on launch to secure the network.  This set will increase over time as the network grows in participation and size.

Thanks.  How many total coins will be in the initial distribution?

Tentatively,  10% of the total distribution of 1 billion coins.  So unlike Nxt where all you get from 'forging' is transaction fees, with NEX proof of stake earns you much more.
hero member
Activity: 644
Merit: 500
You are only selling 5% to this thread.  That leaves 95% to the "Just Click on Interested" crowd and the developers stake.  I thought I heard you mention that only 300 people signed up on the website. Something doesn't make sense to me.

Does that mean they will have a bigger stake than the people reserving a deal in this thread?  
Can you explain the numbers?  
How is the other 95% being allocated?

My opinion is that 5% is way too low for the only group that's actually paying for a stake.  Unless I'm missing something, please correct me if I'm wrong.

5% is allocated for this NEX exchange.  1% is allocated for VisaCoin holders.   An unknown percentage will be allocated to those 'just interested'.   There are at least 500 'just interested' folks,  we hope to get much more.

Note:  NEX is likely not a 100% proof of stake coin due to its very unfair distribution dynamics.  Distribution will happen with a mechanism other than proof of work, but it will happen over a period similar to proof of work schemes.  Think a year of distribution followed by a low inflation rate.  The initial distribution will however be proof of stake,  so there is an extreme advantage to be in the initial distribution.  

This 5% will be used for continuous development and maintenance of the network.  A stable set of 20 nodes will be allocated on launch to secure the network.  This set will increase over time as the network grows in participation and size.

Thanks.  How many total coins will be in the initial distribution?
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
You are only selling 5% to this thread.  That leaves 95% to the "Just Click on Interested" crowd and the developers stake.  I thought I heard you mention that only 300 people signed up on the website. Something doesn't make sense to me.

Does that mean they will have a bigger stake than the people reserving a deal in this thread?  
Can you explain the numbers?  
How is the other 95% being allocated?

My opinion is that 5% is way too low for the only group that's actually paying for a stake.  Unless I'm missing something, please correct me if I'm wrong.

5% is allocated for this NEX exchange.  1% is allocated for VisaCoin holders.   An unknown percentage will be allocated to those 'just interested'.   There are at least 500 'just interested' folks,  we hope to get much more.

Note:  NEX is likely not a 100% proof of stake coin due to its very unfair distribution dynamics.  Distribution will happen with a mechanism other than proof of work, but it will happen over a period similar to proof of work schemes.  Think a year of distribution followed by a low inflation rate.  The initial distribution will however be proof of stake,  so there is an extreme advantage to be in the initial distribution.  

This 5% will be used for continuous development and maintenance of the network.  A stable set of 20 nodes will be allocated on launch to secure the network.  This set will increase over time as the network grows in participation and size.
member
Activity: 113
Merit: 10
I pledge 5000 Nxt.
member
Activity: 118
Merit: 10
You are only selling 5% to this thread.  That leaves 95% to the "Just Click on Interested" crowd and the developers stake.  I thought I heard you mention that only 300 people signed up on the website. Something doesn't make sense to me.

Does that mean they will have a bigger stake than the people reserving a deal in this thread?  
Can you explain the numbers?  
How is the other 95% being allocated?

My opinion is that 5% is way too low for the only group that's actually paying for a stake.  Unless I'm missing something, please correct me if I'm wrong.
sr. member
Activity: 476
Merit: 250
I want to double my invest of 1000 nxt to 2000 nxt.
Please update

Please update the list  Smiley

from 1000 nxt to 2000 nxt
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
Spreadsheet updated.

695248 Nxt pledged.
newbie
Activity: 16
Merit: 0
I pledge 2000 NXT
newbie
Activity: 43
Merit: 0
I pledge 5000 Nxt.
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
Haven't updated the spreadsheet, but it looks like there are around 700,000 Nxt Pledged so far.

300,000 Nxt to go and this offer closes!
legendary
Activity: 1422
Merit: 1029
2000 NXT pledged. Thanks.
newbie
Activity: 10
Merit: 0
2000 nxt pledged
newbie
Activity: 5
Merit: 0
10000 nxt pledged.
Add me to the list.
Thanks.
hero member
Activity: 644
Merit: 500
I would like to go in for 10,000 NXT.  Thanks.
newbie
Activity: 49
Merit: 0
I would like to change my investment from 1000 to 2000 NXT
Please update the list
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