Topic: [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process. (Read 12786 times)
Hey guys, the lead guy Kelly hired who unfortunately passed away too young, Jack I think. Anybody have his screename? Thanks.
September 10, 2017, 12:51:12 PM
good news for pump naut on poloniex hehe 
December 16, 2015, 04:25:14 AM
Registered at the exchange. How long does it usually take to be "validated"?
November 16, 2015, 06:52:31 AM
So what happen with the old-Naut after 18 Nov if I don't swap
November 15, 2015, 05:58:46 PM
Nope. Sorry.
This redemption process has ended.
The best advice I can give is to get your bud to get his 'old' NAUT on to his desktop client, and then sign up for the still open redemption on the Drachmae exchange:
https://www.drachmae.exchange/
which will (probably) stay open until the 18th Nov. Might be longer, but don't bet on it.
This redemption process has ended.
The best advice I can give is to get your bud to get his 'old' NAUT on to his desktop client, and then sign up for the still open redemption on the Drachmae exchange:
https://www.drachmae.exchange/
which will (probably) stay open until the 18th Nov. Might be longer, but don't bet on it.
OK, I understand. Thank you.
November 15, 2015, 03:35:04 PM
Nope. Sorry.
This redemption process has ended.
The best advice I can give is to get your bud to get his 'old' NAUT on to his desktop client, and then sign up for the still open redemption on the Drachmae exchange:
https://www.drachmae.exchange/
which will (probably) stay open until the 18th Nov. Might be longer, but don't bet on it.
This redemption process has ended.
The best advice I can give is to get your bud to get his 'old' NAUT on to his desktop client, and then sign up for the still open redemption on the Drachmae exchange:
https://www.drachmae.exchange/
which will (probably) stay open until the 18th Nov. Might be longer, but don't bet on it.
November 13, 2015, 10:42:53 PM
Hi. Just want to verify that the swap is still available using the instructions in this thread.
I'm asking on behalf of a friend who I gave some to months ago who apparently didn't read the email I sent him a while ago with instructions and is trying to do it tonight (or tomorrow morning at this point since it's fairly late in his time zone).
Thanks!
I'm asking on behalf of a friend who I gave some to months ago who apparently didn't read the email I sent him a while ago with instructions and is trying to do it tonight (or tomorrow morning at this point since it's fairly late in his time zone).
Thanks!
November 13, 2015, 09:50:44 AM
Quote
Redemption period:
As originally announced 13th November 00:00 GMT was intended to be the the cut off point for redemption of the old
Nautilus Proof of Work currency, but considering the situation with Cryptsy withdrawals it has been decided to keep it open
for a few extra days, to allow people some extra time to get their Nautilus out.
Drachmae project:
For clarification: the Drachmae brand was created and set up by Lee Grant and Nick Grove for Coinstructors, but the
exchange was funded for Nautilus coin by Brian Kelly. The Drachmae exchange platform itself is not owned by
Coinstructors.
Drachmae itself ran a proof of concept (POC) user case that was deployed on Agistri to further understand how adoption
and user experience with crypto currency would work in the real world, this was also set-up and managed by Coinstructors.
Drachmae exchange:
At this moment, there are delays with getting the legal requirements for the Drachmae exchange organised, therefore
currency trading on the exchange has been disabled until further notice.
For the time being Drachmae exchange will continue to be used as a simple online storage/wallet for Nautilus for those
who wish to store and redeem their Nautilus coin there.
Next week will see the start of the swap on Drachmae exchange, transferring the old 'Nautilus-L' coin to the new Nxt-based 'Nautilus-X' currency.
This will be done automatically on the exchange from the 18th November onwards.
As originally announced 13th November 00:00 GMT was intended to be the the cut off point for redemption of the old
Nautilus Proof of Work currency, but considering the situation with Cryptsy withdrawals it has been decided to keep it open
for a few extra days, to allow people some extra time to get their Nautilus out.
Drachmae project:
For clarification: the Drachmae brand was created and set up by Lee Grant and Nick Grove for Coinstructors, but the
exchange was funded for Nautilus coin by Brian Kelly. The Drachmae exchange platform itself is not owned by
Coinstructors.
Drachmae itself ran a proof of concept (POC) user case that was deployed on Agistri to further understand how adoption
and user experience with crypto currency would work in the real world, this was also set-up and managed by Coinstructors.
Drachmae exchange:
At this moment, there are delays with getting the legal requirements for the Drachmae exchange organised, therefore
currency trading on the exchange has been disabled until further notice.
For the time being Drachmae exchange will continue to be used as a simple online storage/wallet for Nautilus for those
who wish to store and redeem their Nautilus coin there.
Next week will see the start of the swap on Drachmae exchange, transferring the old 'Nautilus-L' coin to the new Nxt-based 'Nautilus-X' currency.
This will be done automatically on the exchange from the 18th November onwards.
From the main Nautilus thread:
https://bitcointalksearch.org/topic/m.12965103
November 10, 2015, 06:00:59 AM
Once your old NAUT (Naut-L, for Legacy) is on Drachmae, you are good. Any withdrawal will then be as the new Naut-X.
EDIT: Once the swap has been carried out, see post below.
As the new Naut-X is a Nxt-based Monetary System currency, you will need a Nxt wallet to recieve and store it.
See here for Nxt wallet install info and download:
https://nxtforum.org/nrs-releases/nrs-v1-6-2/
Just to remind everyone:
All Nautilus redemption will end on Friday 13 Nov at midnight GMT !
This redemption thread is already closed, and the Drachmae exchange will stop redeeming the old Naut-L on Friday.
If you still have fat stacks of Naut-L, but cannot redeem it for whatever reason (like Cryptsy issues) get in touch with me,
and I'll see what can be done to help out.
Just do it before Friday, Ok ?
EDIT:There will be a short extension to the redemption period, again, see below.
EDIT: Once the swap has been carried out, see post below.
As the new Naut-X is a Nxt-based Monetary System currency, you will need a Nxt wallet to recieve and store it.
See here for Nxt wallet install info and download:
https://nxtforum.org/nrs-releases/nrs-v1-6-2/
Just to remind everyone:
This redemption thread is already closed, and the Drachmae exchange will stop redeeming the old Naut-L on Friday.
If you still have fat stacks of Naut-L, but cannot redeem it for whatever reason (like Cryptsy issues) get in touch with me,
and I'll see what can be done to help out.
Just do it before Friday, Ok ?
EDIT:There will be a short extension to the redemption period, again, see below.
November 09, 2015, 04:33:24 PM
Hi folks,
I have a few thousand Naut, just transferred from Cryptsy to Drachmae. Now showing up in my account as Naut-L. What happens now? Also,
what is the correct wallet to download for the new coins?
Cheers,
Roister01
I have a few thousand Naut, just transferred from Cryptsy to Drachmae. Now showing up in my account as Naut-L. What happens now? Also,
what is the correct wallet to download for the new coins?
Cheers,
Roister01
November 06, 2015, 08:01:51 PM
it seems exchange in bter?
November 06, 2015, 07:05:29 PM
Bittrex have done the swap, so if you have Nautilus on Bittrex, it is the new Naut-X (NXTNAUT).
Yes, any old PoW coins deposited to Drachmae will be converted into new Naut-X automatically.
I'm shutting down this redemption thread as of now, so head on over to :
https://www.drachmae.exchange/
for any further redemptions.
Yes, any old PoW coins deposited to Drachmae will be converted into new Naut-X automatically.
I'm shutting down this redemption thread as of now, so head on over to :
https://www.drachmae.exchange/
for any further redemptions.
November 06, 2015, 06:50:49 PM
The new exchange is live and my account at Drachmae has been activated. So now all I have to do is deposit "Nautilus-L" and my coins will be automatically converted to the new NXT based Naut, correct? Just wanted to be 100% before sending them over. Thanks
November 06, 2015, 06:58:51 AM
So the question on the floor Bittrex need to convert or leave like that? Thank dev
November 01, 2015, 06:56:30 AM
Evil Dave we're 3 weeks into the ballpark guess-ta-ment ...
Can you re- guess-ta-ment a ball park date?
I would like to know too. It was 1-2 weeks about 3 weeks ago so is the exchange ready to go? The redemption is done and the gold VAT exemption is done so what's left? Thanks!
To Those Who Recently Opened A Drachmae Exchange Account: How long did it take Drachmae to verify your new account so you could use it? Their press release says 24 hrs, but it's been over 48 hrs so far for me. I understand they're busy, just wondering when to assume there's a problem, and I'm eager to get my oldnaut out of Cryptsy.
11/1/15 update: my account was verified in under 72 hrs.
2nd update: been trying to send ALL my oldnaut from cryptsy to drachmae. Twice I've gotten a confirmation email saying my total balance will be withdrawn, but then only half that amount actually goes to drachmae. Anybody else having this issue? I opened a help ticket with cryptsy.
Response from Cryptsy: "...We are sorry for the inconvenience this may have caused you.
It appears that our wallet has many inputs built up in NAUT
so the withdrawals get chopped to a size that is able to fit into the block chain.
I have informed our wallet specialist who will begin to merge inputs on NAUT this way
the withdrawals will no longer be chopped in half to fit into a block. ..."
11/1/15 update: my account was verified in under 72 hrs.
2nd update: been trying to send ALL my oldnaut from cryptsy to drachmae. Twice I've gotten a confirmation email saying my total balance will be withdrawn, but then only half that amount actually goes to drachmae. Anybody else having this issue? I opened a help ticket with cryptsy.
Response from Cryptsy: "...We are sorry for the inconvenience this may have caused you.
It appears that our wallet has many inputs built up in NAUT
so the withdrawals get chopped to a size that is able to fit into the block chain.
I have informed our wallet specialist who will begin to merge inputs on NAUT this way
the withdrawals will no longer be chopped in half to fit into a block. ..."
With perfect timing (thanks, BitcoinNational), I've just heard today that the Drachmae exchange is fully live for NAUT exchanges:
https://www.drachmae.exchange/
I'll keep this manual redemption process open for the next 8 days, so my cut-off point will be Friday 6 November at midnight CET.
If anyone wants to get their NAUT exchanged to NXTNAUT through me, get your NAUT moving now.....
As far as the health of the NAUT network is concerned, I'm not going to make any predictions. I expect that there will still be enough hashrate on the old Nautilus blockchain to make transfers for another month or 2, maybe longer, but I can't give any guarantees on that.
https://www.drachmae.exchange/
I'll keep this manual redemption process open for the next 8 days, so my cut-off point will be Friday 6 November at midnight CET.
If anyone wants to get their NAUT exchanged to NXTNAUT through me, get your NAUT moving now.....
As far as the health of the NAUT network is concerned, I'm not going to make any predictions. I expect that there will still be enough hashrate on the old Nautilus blockchain to make transfers for another month or 2, maybe longer, but I can't give any guarantees on that.
The 'old' PoW NAUT is dead as a dead thing, except as a means of getting NXTNAUT
The redeemed coins are currently locked in the redemption wallet, and that is where they are staying.
I might throw the wallet away completely when redemption ends, old NAUT will be essentially valueless then.
There will be a cut-off point for NAUT redemption. I can't give you a precise time, but there will be plenty of warnings well in advance.
(and we're not completely heartless: turn up with a good story and some valid NAUT after the cut-off, and we will try to help, but no guarantees)
The cut-off date for the manual redemption process is when the new exchange opens, say within 2-3 weeks.
Redemption will then be possible only via the Drachmae exchange.
The cut-off date for redemption through the exchange will probably be set by technical issues. As hashrate drops on the old NAUT network, transfers will become more difficult and exploits easier. The redemption will have to stop once that happens.
So my ballpark figure for a cut-off date is 6-10 weeks.
(very, very ballpark)
EDIT: just did the transfers for tonight, current total NAUT redeemed is now almost (almost) 4 million : 3,934,894
The redeemed coins are currently locked in the redemption wallet, and that is where they are staying.
I might throw the wallet away completely when redemption ends, old NAUT will be essentially valueless then.
There will be a cut-off point for NAUT redemption. I can't give you a precise time, but there will be plenty of warnings well in advance.
(and we're not completely heartless: turn up with a good story and some valid NAUT after the cut-off, and we will try to help, but no guarantees)
The cut-off date for the manual redemption process is when the new exchange opens, say within 2-3 weeks.
Redemption will then be possible only via the Drachmae exchange.
The cut-off date for redemption through the exchange will probably be set by technical issues. As hashrate drops on the old NAUT network, transfers will become more difficult and exploits easier. The redemption will have to stop once that happens.
So my ballpark figure for a cut-off date is 6-10 weeks.
(very, very ballpark)
EDIT: just did the transfers for tonight, current total NAUT redeemed is now almost (almost) 4 million : 3,934,894
Evil Dave we're 3 weeks into the ballpark guess-ta-ment ...
Can you re- guess-ta-ment a ball park date?
Yay! We just hit the 4 million NAUT mark: 4,004,694 to be precise.
https://bitcointalksearch.org/topic/m.12441796
https://bitcointalksearch.org/topic/m.12441796
The 'old' PoW NAUT is dead as a dead thing, except as a means of getting NXTNAUT
The redeemed coins are currently locked in the redemption wallet, and that is where they are staying.
I might throw the wallet away completely when redemption ends, old NAUT will be essentially valueless then.
There will be a cut-off point for NAUT redemption. I can't give you a precise time, but there will be plenty of warnings well in advance.
(and we're not completely heartless: turn up with a good story and some valid NAUT after the cut-off, and we will try to help, but no guarantees)
The cut-off date for the manual redemption process is when the new exchange opens, say within 2-3 weeks.
Redemption will then be possible only via the Drachmae exchange.
The cut-off date for redemption through the exchange will probably be set by technical issues. As hashrate drops on the old NAUT network, transfers will become more difficult and exploits easier. The redemption will have to stop once that happens.
So my ballpark figure for a cut-off date is 6-10 weeks.
(very, very ballpark)
EDIT: just did the transfers for tonight, current total NAUT redeemed is now almost (almost) 4 million : 3,934,894
The redeemed coins are currently locked in the redemption wallet, and that is where they are staying.
I might throw the wallet away completely when redemption ends, old NAUT will be essentially valueless then.
There will be a cut-off point for NAUT redemption. I can't give you a precise time, but there will be plenty of warnings well in advance.
(and we're not completely heartless: turn up with a good story and some valid NAUT after the cut-off, and we will try to help, but no guarantees)
The cut-off date for the manual redemption process is when the new exchange opens, say within 2-3 weeks.
Redemption will then be possible only via the Drachmae exchange.
The cut-off date for redemption through the exchange will probably be set by technical issues. As hashrate drops on the old NAUT network, transfers will become more difficult and exploits easier. The redemption will have to stop once that happens.
So my ballpark figure for a cut-off date is 6-10 weeks.
(very, very ballpark)
EDIT: just did the transfers for tonight, current total NAUT redeemed is now almost (almost) 4 million : 3,934,894
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