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Topic: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake - page 204. (Read 395464 times)

legendary
Activity: 2114
Merit: 1090
=== NODE IS OK! ==
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 Smiley 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.

I'd say they'll dump all of NXT and some will also dump Ardor
hero member
Activity: 770
Merit: 500
Tomorrow At 19:00 GMT, the recording period will begin. Make sure you've gotten your NXT by then!
sr. member
Activity: 406
Merit: 250
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 Smiley 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.

Stick around till October and you find out Smiley
legendary
Activity: 2926
Merit: 1440
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 Smiley 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.
full member
Activity: 151
Merit: 100
current NXT 's coinmarketcap is $ 29,937,932. Hope we can reach 89$ mil market cap which is x3 of now soon Smiley

template smart contracts are good stuff for small/medium/big companies. They don't need to spend big time and $ to make thing from scratch

way to go NXT team Grin
legendary
Activity: 1205
Merit: 1000
newbie
Activity: 48
Merit: 0


Seen on the NXT reddit. Looks good!
hero member
Activity: 770
Merit: 500
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 Smiley you will own 10000 nxt and 10000 ardor at the end.
hero member
Activity: 612
Merit: 500
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...
hero member
Activity: 770
Merit: 500
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
hero member
Activity: 770
Merit: 500
hero member
Activity: 612
Merit: 500
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..
newbie
Activity: 33
Merit: 0
@ TravelAsia I work for nxter magazine if interested: http://nxter.org/

Fresh from the press news!

Nxt Foundation launches full suite of Smart Transactions!

http://www.econotimes.com/Nxt-Foundation-launches-full-suite-of-Smart-Transactions-234420

Is there a masterlist of news organizations to email great articles for NXT such as Coindesk and Cointelegraph?
sr. member
Activity: 321
Merit: 252
Fresh from the press news!

Nxt Foundation launches full suite of Smart Transactions!

http://www.econotimes.com/Nxt-Foundation-launches-full-suite-of-Smart-Transactions-234420

I really like NXT's/ARDR's approach of Smart Transactions. Seems to be the necessary complementary to ETH's Smart Contracts.
sr. member
Activity: 420
Merit: 250


The next days will be crucial for NXT. The same uptrend will continue and grow rapidly. Thanks to Ardor dev team.
sr. member
Activity: 448
Merit: 250
Fresh from the press news!

Nxt Foundation launches full suite of Smart Transactions!

http://www.econotimes.com/Nxt-Foundation-launches-full-suite-of-Smart-Transactions-234420

Is there a masterlist of news organizations to email great articles for NXT such as Coindesk and Cointelegraph?
legendary
Activity: 1205
Merit: 1000

Looks amazing!  Smiley

You can use it for the countdown to the end of the snapshotting too. Keep the spirit alive!

Thanks!
Get the word out! Widespread adoption is the way to strengthen the Ardor project!


I announced it on the slack channels too.   Cool
sr. member
Activity: 448
Merit: 250
Has anyone at Ardor looked at what Steem.it is doing with rewarding articles and upvotes? The NXT framework looks like it could support something similar with UIA.

Maybe it could. If it could, it'd be an amazing application.

I didn't like the way Steem launched, I do like what it's doing to attract outsiders that know Reddit style commenting and abilty to get paid for that contribution. Since Ardor seems to be focused on real world business, it would be a great addition.
newbie
Activity: 12
Merit: 0
Has anyone at Ardor looked at what Steem.it is doing with rewarding articles and upvotes? The NXT framework looks like it could support something similar with UIA.

Maybe it could. If it could, it'd be an amazing application.
sr. member
Activity: 448
Merit: 250
Has anyone at Ardor looked at what Steem.it is doing with rewarding articles and upvotes? The NXT framework looks like it could support something similar with UIA.
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