[ANN][NIM] - Nimiq - The Browser Based Blockchain - page 118.

IMZ

legendary

Activity: 1498

Merit: 1000

Quote from: teedeexyz on February 01, 2018, 12:14:35 PM

Quote from: Wekkel on February 01, 2018, 01:12:24 AM

Two important pieces of information came out:
1. KYC mandatory for the NET -> NIMIQ conversion
2. Denomination: instead of 1 NET -> 0.1 NIMIQ it will be 1 NET -> 100 NIMIQ. Total supply will be 21 billion NIMIQ instead of 21 million.

Release of the mainnet is still pencilled in for Q1 2018. Before that, there will be another update to the testnet.

Anything concrete yet the conversion?
Also: I'm concerned about giving personal information and ID to a party I don't know and is not a well known well secured exchange.
Glad I didn't buy NET yet.

Whoa! Just 'KYC mandatory' doesn't cut it!

Okay, I got my NET as part of a group buy-in, so it's my lack of due diligence that got me here -- but it's also the case that the information on this project has been presented poorly.

So: 'We may determine . . . that it is necessary to obtain certain information . . . ' [ https://nimiq.com/terms/ ] This is fair enough for the early stages; but I've never heard of a dev team requiring KYC -- to trade on centralised exchanges, yes; but to own a crypto? No.

And I feel the following is disingenuous: '[KYC] only applies to the replacement of NET for NIM.' Once you've got out data, you've got our data . . .

My inclination is to sell my holdings forthwith. Goodness, I hope I've misinterpreted something here. What is 'KYC'? What data? Held by whom? Under what security protocols? For how long?

somewhan

member

Activity: 130

Merit: 10

Some might have been annoyed that KYC will be required to exchange NET to NIM.

rendravolt

hero member

Activity: 2156

Merit: 521

Quote from: mrhans on January 31, 2018, 10:34:08 AM

Quote from: ?? on ??

I really hope the main net launches soon and nimiq will be a huge success
will be a long term holder

If you want to be a long time holder you don't need to be concerned about the main net launching soon Cheesy

But I know its tempting to see all green in the portfolio

But many panicked holder, does not mean it's all very safe, all have also been hooked dumper strain, to return to the portfolio was a long time to be sure.

altcoiner555

sr. member

Activity: 356

Merit: 250

Quote from: teedeexyz on February 05, 2018, 05:34:00 PM

Quote from: Scooby903 on February 05, 2018, 03:05:39 AM

Any updates on being able to go from NET -> NIM in the US once mainnet launches?

I might hope the conversion is not limited to US residents only Wink

US residents cannot convert. Read the latest blog.

teedeexyz

jr. member

Activity: 74

Merit: 1

Quote from: Scooby903 on February 05, 2018, 03:05:39 AM

Any updates on being able to go from NET -> NIM in the US once mainnet launches?

I might hope the conversion is not limited to US residents only Wink

Geekxplore

jr. member

Activity: 56

Merit: 3

What is Nimiq Coin?
Nimiq Coin is the first blockchain– based ecosystem to be completely implemented in the browser.
Read More@https://www.geekxplore.com/what-is-nimiq-coin.html

Scooby903

hero member

Activity: 896

Merit: 500

Any updates on being able to go from NET -> NIM in the US once mainnet launches?

abdulaziz07

sr. member

Activity: 504

Merit: 250

Does it makes sense to go with 1NET = 100 NIM
i mean earlier allocation was much better, increase in supply will affect price

khungcuaso11

newbie

Activity: 182

Merit: 0

Looks a promising project. I Interesting in this project.
Algorithm: Digital Signing Ed25519, how it works.
What are its advantages?

Wishing project success!

metallicelmo

sr. member

Activity: 882

Merit: 252

Good news! I see no problem in KnowYourCustomer myself. If that is what it takes to get the final product fine..

The change from 21 million to 21 billion is also a great idea. Same overall value but easier to use when aiming to become a globally used crypto. Otherwise one Nimiq might become so expensive that you always end up paying with 0,004 etc. That feels weird. In this case more coinsupply is better for transactions. I like everything about this project.

teedeexyz

jr. member

Activity: 74

Merit: 1

Quote from: Wekkel on February 01, 2018, 01:12:24 AM

Two important pieces of information came out:
1. KYC mandatory for the NET -> NIMIQ conversion
2. Denomination: instead of 1 NET -> 0.1 NIMIQ it will be 1 NET -> 100 NIMIQ. Total supply will be 21 billion NIMIQ instead of 21 million.

Release of the mainnet is still pencilled in for Q1 2018. Before that, there will be another update to the testnet.

Anything concrete yet the conversion?
Also: I'm concerned about giving personal information and ID to a party I don't know and is not a well known well secured exchange.
Glad I didn't buy NET yet.

OnTheMoon

hero member

Activity: 574

Merit: 501

Quote from: freigeist on February 01, 2018, 07:29:08 AM

Quote from: Wekkel on February 01, 2018, 01:12:24 AM

Two important pieces of information came out:
1. KYC mandatory for the NET -> NIMIQ conversion
2. Denomination: instead of 1 NET -> 0.1 NIMIQ it will be 1 NET -> 100 NIMIQ. Total supply will be 21 billion NIMIQ instead of 21 million.

Release of the mainnet is still pencilled in for Q1 2018. Before that, there will be another update to the testnet.

The number 1. is total turnoff Sad

This is necessary in order to be able to get into the major american exchanges like bittrex. I think that Nimiq listing on the big exchanges will be good for us all. Better to understand it.

Wekkel

legendary

Activity: 3108

Merit: 1531

yes

The market seems to agree with you Grin

freigeist

hero member

Activity: 1110

Merit: 534

Quote from: Wekkel on February 01, 2018, 01:12:24 AM

Two important pieces of information came out:
1. KYC mandatory for the NET -> NIMIQ conversion
2. Denomination: instead of 1 NET -> 0.1 NIMIQ it will be 1 NET -> 100 NIMIQ. Total supply will be 21 billion NIMIQ instead of 21 million.

Release of the mainnet is still pencilled in for Q1 2018. Before that, there will be another update to the testnet.

The number 1. is total turnoff Sad

F2b

hero member

Activity: 2135

Merit: 926

Quote from: Wekkel on February 01, 2018, 01:12:24 AM

2. Denomination: instead of 1 NET -> 0.1 NIMIQ it will be 1 NET -> 100 NIMIQ. Total supply will be 21 billion NIMIQ instead of 21 million.

Good thing! I'm still wondering "why not a 1:1 conversion?" but anyway...

Wekkel

legendary

Activity: 3108

Merit: 1531

yes

Two important pieces of information came out:
1. KYC mandatory for the NET -> NIMIQ conversion
2. Denomination: instead of 1 NET -> 0.1 NIMIQ it will be 1 NET -> 100 NIMIQ. Total supply will be 21 billion NIMIQ instead of 21 million.

Release of the mainnet is still pencilled in for Q1 2018. Before that, there will be another update to the testnet.

Nimiq

jr. member

Activity: 251

Merit: 6

BLOG Update: Roadmap to Mainnet

We’ve overcome a significant amount of challenging tasks on our path of developing and implementing the Nimiq Protocol and Ecosystem. While plenty of tasks lie ahead of achieving our vision of real mainstream adoption, we are enthusiastic about reaching the important Mainnet milestone. In this blog update we outline the remaining pieces for this milestone to be reached and also inform a couple of important news.

Nimiq

jr. member

Activity: 251

Merit: 6

VLOG Update: User Experience & Identicons Keep Getting Better

New team member Simon joins us to improve the user experience and identicons. With the new cartoon identicons a user can visualize, connect with and explain their wallet easily.

IMZ

legendary

Activity: 1498

Merit: 1000

Ooooh! Us!

https://medium.com/@giotto_3438/distribution-as-a-source-of-virality-nimiq-coin-2136351fe7d9?95

eduardocastellano

newbie

Activity: 238

Merit: 0

Nimiq was Elion's project name before Nimiq.... as I remember it was realstate investment or something like that.....someone shared the website and link referral back in the good old FUD days😎So "Nimiq" has been it, even before NET or NIM

Topic: [ANN][NIM] - Nimiq - The Browser Based Blockchain - page 118. (Read 131288 times)