Please help me to understand this snapshot thing..
Let say I have 10000 nxt and remains same during the Snapshot period, which is 91 days or 2184 hours, since the snapshot will be taken on an hourly basis...
So, at the SNAPSHOT period, my total nxt accumulated if snapshot taken on a hourly basis and then added, i.e. 21840000 NXT, which then will be divided by 2184 hours, which comes to 10000 Ardor for me... ri8???
Or my concept is totally wrong..
You can use this example if i hold 10.000nxt for 14 Days with hourly snapshots.
10,000 NXT * 14 days * 24 hours / (90 days * 24 hours) = 1,555
Thx for the clarification..So, at the end of the Snapshot, my 10000 nxt, if remains same, will become 10000 ardor...
Yes
you will own 10000 nxt and 10000 ardor at the end.
I am only speculating here but I want to ask what will happen to NXT after all the Ardor is already given away? Will the ones who bought NXT just to gain Ardor now dump NXT or will they dump Ardor? Or maybe dump both?
I am now suspicious that a lot of the people who recently bought NXT or only in it for the profit in bitcoins.
It's a speculative question and they are always hard to answer.
I can only answer from our position as the Nxt Foundation which is that regardless of speculation we will keep working to create and maintain value for both Nxt and Ardor.
There is no way we can stop any speculators doing what they want, but we can make sure it's used and has value. Even if some people would offload Nxt in October, we'll work to increase it again.
We've been working at that even when Nxt was at it's lowest point, and just see where it got us now. We firmly believe that success takes time and that working to create long term value is much better than reacting to speculative movements we have little control over.
