Is keeping my nxt in my exchange account valid?
What if I but nxt from polo and keep it there? Do I receive ardor?
Also how does the snapshot system work? If I have 100 nxt starting July 14 and sell half after a week how much will I receive? Is it 50 ardors? 100+50/2= 50 ardors?
Also how long is this snapshot period? Is till the release of ardor? In this case might it not limit nxt transactions.
Thanks.
P.s I already own nxt but am intending to buy more.
What if I but nxt from polo and keep it there? Do I receive ardor?
Also how does the snapshot system work? If I have 100 nxt starting July 14 and sell half after a week how much will I receive? Is it 50 ardors? 100+50/2= 50 ardors?
Also how long is this snapshot period? Is till the release of ardor? In this case might it not limit nxt transactions.
Thanks.
P.s I already own nxt but am intending to buy more.
Hi ashapasa,
We're working with the exchanges so you'll be able to keep it there and not have to move it to your wallet. We'll be posting an announcement once things get finalized.
The snapshot system for ARDR averages throughout the entire snapshotting period. So if you had 100 NXT at the start and sold all of that halfway (not one week) through the snapshotting period, then you would receive 50 ARDR. However, since you won't have any at the end, you will receive 0 FNX.
The snapshotting period is from July 14th until October 12th - about three months.
Thanks for intending to buy more!
If an exchange has one big nxt wallet for all the customers combined, the exchange's wallet will be used with the snapshots and awarded the Ardor tokens. Depends on the exchange if and how they distribute it amongs their customers.
Hi habraken,
We're trying to work with the exchanges to make this as easy as possible
Will keep you guys updated
