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Topic: [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process. (Read 12770 times)

legendary
Activity: 3052
Merit: 1534
www.ixcoin.net

Hey guys, the lead guy Kelly hired who unfortunately passed away too young, Jack I think.  Anybody have his screename?  Thanks. 
member
Activity: 304
Merit: 10
good news for pump naut on poloniex hehe  Roll Eyes
legendary
Activity: 994
Merit: 1000
Registered at the exchange. How long does it usually take to be "validated"?
newbie
Activity: 21
Merit: 0
So what happen with the old-Naut after 18 Nov if I don't swap
hero member
Activity: 558
Merit: 500
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.

OK, I understand. Thank you.
hero member
Activity: 854
Merit: 1001
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.
hero member
Activity: 558
Merit: 500
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!
hero member
Activity: 854
Merit: 1001
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.

From the main Nautilus thread:
https://bitcointalksearch.org/topic/m.12965103
hero member
Activity: 854
Merit: 1001
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.
full member
Activity: 139
Merit: 100
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
sr. member
Activity: 364
Merit: 250
it seems exchange in bter?
hero member
Activity: 854
Merit: 1001
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.
sr. member
Activity: 542
Merit: 250
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
full member
Activity: 166
Merit: 100
So the question on the floor Bittrex need to convert or leave like that? Thank dev
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net

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!
newbie
Activity: 2
Merit: 0
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. ..."
hero member
Activity: 854
Merit: 1001
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.

legendary
Activity: 1470
Merit: 1010
Join The Blockchain Revolution In Logistics
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



 

Evil Dave we're 3 weeks into the ballpark guess-ta-ment ...

Can you re- guess-ta-ment a ball park date?
hero member
Activity: 854
Merit: 1001
Yay! We just hit the 4 million NAUT mark: 4,004,694 to be precise.

https://bitcointalksearch.org/topic/m.12441796
hero member
Activity: 854
Merit: 1001
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



 
legendary
Activity: 1470
Merit: 1010
Join The Blockchain Revolution In Logistics
"3,657,952 NAUT redeemed"

what happens to those coins?

---

also is there a time limit on converting NAUT to nxtNAUT?
(ballpark it if yes but no official fixed date)
hero member
Activity: 854
Merit: 1001
Er....yep. By now you've probably had  a chance to play with it a little, and as I understand it the launch will be in a week or 2.

I've just updated the OP, there are still a few redemption transfers comng in, we are now at 3,657,952 NAUT redeemed.
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net

There are currently 3 main exchanges on board with Nautilus, and the Drachmae projects native exchange is coming soon, so I'm fairly sure that there will be ways to redeem old NAUT to NXTNAUT for a while longer.

Dave, when is the native exchange coming?  I heard it's gonna be launched in the next couple weeks.  Thanks...
hero member
Activity: 854
Merit: 1001
Good question....when all the NAUT have been redeemed is the answer, in theory.

So far, just over 3.5 million NAUT have been converted to NXTNAUT, from an original supply of 5.3 million.
This leaves around 1.8 million NAUT still out there, and I know the locations/holders of around 1 million of that (i think).
A lot of NAUT went down with MintPal,  so that will probably never be recoverable.

Here's the block explorer and rich list, the top 3 accounts are under my control:
http://naut.blockexp.info/richlist

There are currently 3 main exchanges on board with Nautilus, and the Drachmae projects native exchange is coming soon, so I'm fairly sure that there will be ways to redeem old NAUT to NXTNAUT for a while longer. However, as all economic activity will be on NXTNAUT, the NAUT network will lose support and transfers may become difficult.
I'm committed to running this redemption program for a week or 2/3 longer, in any case.
Like I said earlier, we'll announce any cut-off date for swaps far in advance.

TL,DR:
not yet  Wink
member
Activity: 81
Merit: 10
https://twitter.com/BitRushProject
when will the coin swap be finished?
hero member
Activity: 854
Merit: 1001
And another 100,000 NAUT get miraculously transformed into shiny new NXTNAUT:
https://bitcointalksearch.org/topic/m.12441796
legendary
Activity: 1106
Merit: 1000
The future is bright with DigiByte.
hero member
Activity: 854
Merit: 1001
Slightly later than usual, but I've just made the redemption payouts for yesterday.
As always:
https://bitcointalksearch.org/topic/m.12441796

We are talking to Bittrex about doing another swap on the exchnage itself. Stay tuned for further details.
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net

Any update on bittrex doing another swap for us ? That would be really great indeed !

How can Bittrex do another swap when they've already swapped all the NAUT on their exchange?  You can't send any old NAUT to bittrex so therefore there is nothing more Bittrex can do as far as swapping out into new NXTNAUT.   That's how I understand it but I'm no techie.
legendary
Activity: 1106
Merit: 1000
The future is bright with DigiByte.
Yes....I'm gonna run this redemption for a while longer.
If/when we do set a cut-off date, it will be announced in big letters here as far in advance as possible.

BUT: bear in mind that as more NAUT gets redeemed to NXTNAUT, the network support for NAUT will start to drop off, making transfers tricky.

Any update on bittrex doing another swap for us ? That would be really great indeed !
full member
Activity: 147
Merit: 100
Heey guys,

so I have old NAUT's at Cryptsy. I have read in this tread that Cryptsy as of yet haven't done the conversion. I am not technical guy so what should I do. Just wait until Cryptsy has convert my old NAUT's to The NEXTNAUT's?
hero member
Activity: 854
Merit: 1001
Yes....I'm gonna run this redemption for a while longer.
If/when we do set a cut-off date, it will be announced in big letters here as far in advance as possible.

BUT: bear in mind that as more NAUT gets redeemed to NXTNAUT, the network support for NAUT will start to drop off, making transfers tricky.
hero member
Activity: 887
Merit: 500
Had a couple of NAUT swaps, posted in the OP. You know how it works by now. Grin

Total is: 3,325,265 NAUT redeemed......
 


I still can do the swap NAUT to NXTNAUT?
hero member
Activity: 854
Merit: 1001
Had a couple of NAUT swaps, posted in the OP. You know how it works by now. Grin

Total is: 3,325,265 NAUT redeemed......
 
hero member
Activity: 854
Merit: 1001
Nothing exciting to report on the redemption front..... Grin
hero member
Activity: 854
Merit: 1001
Just updated the OP with the latest redemption transfers, we're at 3,318,394.... Grin

https://bitcointalksearch.org/topic/m.12441796

As ever, I'll make the next round of payouts after the exciting day tomorrow.........
I'm going to be fairly busy, so I won't have a chance to check transfers out until fairly late.


Tora, tora, tora......!
full member
Activity: 142
Merit: 100
celeb coins can make you rich during the next bull run  Wink
hero member
Activity: 937
Merit: 1000
As ever, I've done the payouts for tonight:

https://bitcointalksearch.org/topic/m.12441796

@Richie: not a bad idea. There are a couple of NAUT holders that might benefit from that offer, though I have to point out that people really, really shouldn't store all of their funds on centralised exchanges..... Cool
Let's get together and discuss it sometime Friday.

100% agree... do not use us as an online wallet Wink  This is just a short term solution to have to help the conversion process as people get their NXT wallets online...

Thanks,
richie
legendary
Activity: 1106
Merit: 1000
The future is bright with DigiByte.
For what its worth, we've got NXT MS setup and completed the swap over at bittrex.com.  If you are having problems running the NXT wallet, you could create an account here and have the NXT based NAUT sent here.  I've reached out to the dev team to see if we can help.  Please let us know.

thanks,
richie@bittrex

That would be great! I guess you mean like, we send our NAUTs to our accounts on Bittrex as storing old chain NAUT and we can convert NAUT to NXTNAUT easily within the bittrex exchange? Wow, that will automate things a lot! And privacy concerns will be disregarded! And of course will make bittrex my fav Cheesy
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
when coin swap will be over?

Whenever investors and exchanges all cooperate and get them all swapped over.  Nobody can force you to swap.
hero member
Activity: 887
Merit: 500
when coin swap will be over?
hero member
Activity: 854
Merit: 1001
As ever, I've done the payouts for tonight:

https://bitcointalksearch.org/topic/m.12441796

@Richie: not a bad idea. There are a couple of NAUT holders that might benefit from that offer, though I have to point out that people really, really shouldn't store all of their funds on centralised exchanges..... Cool
Let's get together and discuss it sometime Friday.
hero member
Activity: 937
Merit: 1000
For what its worth, we've got NXT MS setup and completed the swap over at bittrex.com.  If you are having problems running the NXT wallet, you could create an account here and have the NXT based NAUT sent here.  I've reached out to the dev team to see if we can help.  Please let us know.

thanks,
richie@bittrex
newbie
Activity: 13
Merit: 0
Hi Dave, just sent you an email re the transfer with screenshot and token etc as requested.
Ref: Liberesse
Many thanks for the excellent instructions
Bitcat
Wink
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
Does anyone have info on Cryptsy doing the swap?  I emailed their support and they did not seem to know what I was talking about.


I have been trying for nearly a week to work with Cryptsy but they're really busy and they're behind other important projects so I couldn't get a solid timeframe.  They may do the swap in a few days or it could take longer.  Really hard to say.

I would suggest doing it manually by withdrawing from Cryptsy if you're competent enough or just wait it out.  I have lost too many coins doing it myself so I'm gonna wait.

Good luck.
newbie
Activity: 11
Merit: 0
Does anyone have info on Cryptsy doing the swap?  I emailed their support and they did not seem to know what I was talking about.
hero member
Activity: 854
Merit: 1001
Just made the NXTNAUT transfers for tonight, as usual you can see them here:
https://bitcointalksearch.org/topic/m.12441796

On account security: just make sure you use a good passphrase, the default passphrase generator used in the Nxt NRS client is secure.
As Nxt uses a brain wallet, password security is the only thing you have to worry about. There are no local wallet files that can be lost or stolen.
Watch out for keyloggers and Trojans, think about using a secure password manager like Keepass: http://keepass.info/

Lastly: some of you may have noticed that a mysterious (and very small) amount of NXT has appeared on your account.
If this happened to you, use some of it to make an outgoing transaction (like setting an account name).
Your first outgoing transaction publishes your account on the Nxt blockchain and increases its security.
This is a public service announcement from: http://nxtfoundation.org/
newbie
Activity: 43
Merit: 0
Dave I am wondering hiw secure the nxt naut is if we have the basic wallet and if there are seccurity steps that should be taken. Is it just the regular threats like key loggers ect? Also can you link me to a simple guide for how to send and receive? Dovyou have to have nxt to do these things? Thanks Dave
hero member
Activity: 854
Merit: 1001
Made the nightly payouts, have fun with your NXTNAUT, people !

Current total is (as near as dammit) 2.9 million NAUT redeemed,  from a theoretical supply of 5.3 million. This translates to 55% converted from the total NAUT supply.
hero member
Activity: 854
Merit: 1001
Yup, got them both, guys.
You are both on the payout list for tonight:
https://bitcointalksearch.org/topic/m.12441796
newbie
Activity: 46
Merit: 0
Hi Dave. I just emailed a test run for the exchange ([email protected]). I attached the screen shot as a word doc.
Thanks for your assistance with the swap.


Sent you through one too.  Thanks Dave
newbie
Activity: 43
Merit: 0
Hi Dave. I just emailed a test run for the exchange ([email protected]). I attached the screen shot as a word doc.
Thanks for your assistance with the swap.
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
I have a significant portion of naut on Cryptsy. So Vlad2Vlad is saying if I don't transfer my old naut to Nxtnaut is the next few days, my old naut will be worthless. Is this a scare tactic? I want to transfer asap, but I'm not the most technically sound. So hopefully this is a strong/scare arm tactic to force us when there is not an easy way to transfer. Can someone help me with this?

I'm not trying to scare you, it's just how I see it.  I have my stuff on cryptsy too but I'm not tech savvy so I'm gonna wait until Cryptsy does the swap.
newbie
Activity: 18
Merit: 0
I have a significant portion of naut on Cryptsy. So Vlad2Vlad is saying if I don't transfer my old naut to Nxtnaut is the next few days, my old naut will be worthless. Is this a scare tactic? I want to transfer asap, but I'm not the most technically sound. So hopefully this is a strong/scare arm tactic to force us when there is not an easy way to transfer. Can someone help me with this?
hero member
Activity: 854
Merit: 1001
what about for those that dont want NXT based naut?

Hate to sound unsympathetic, but:
Brian Kelly is the developer/creator/backer of the Nautiluscoin project, and he wants to move NAUT over to the Nxt MS system.
In the absence of any community-based development or initiatives for NAUT, this makes BK the overall project leader.
Holders of the 'old' PoW based NAUT are completely free to refuse the swap, but only the new NXTNAUT will be used in the Drachmae project and further developments, so any holdouts will find themselves with 'old' Nautiluscoin that no longer has any form of support from BK or the Drachmae project.

legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
what about for those that dont want NXT based naut?

I'm guessing you get stuck with the old currency which has no development of any sort.  I wish Cryptsy would hurry up and do the swap before something happens and 60% of the NAUT will be useless.
hero member
Activity: 800
Merit: 1000
what about for those that dont want NXT based naut?
sr. member
Activity: 392
Merit: 250
Already had Java 8. I needed Oracle Java version 1.7.
You need Java 8, not 7. It could be that you have both installed, and java 8 is the one actually used. On MacOS, it has been reported that just installing the Java 8 JRE is not enough to setup the path correctly, one needs to install the full JDK.
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net

Cryptsy is dragging their feet on this.  Sent them a few emails but they're behind and short on manpower so I think those with NAUT in Cryptsy will be delayed at least a week.  Maybe more.
newbie
Activity: 46
Merit: 0
Im must be a dumb dumb but I can't get the NRS client to work.

Im stuck at the terminal window on mac. haven never run nxt before either…


This is what i get:
Exception in thread "main" java.lang.UnsupportedClassVersionError: nxt/Nxt : Unsupported major.minor version 52.0



Can someone please point me in the right direction.

**Update - Problem Solved
For anyone else in the future with this problem:

Follow instructions on the link below
https://wiki.nxtcrypto.org/wiki/How-To:InstallNRSMacOS



You need to install Java 8.

Already had Java 8. I needed Oracle Java version 1.7.
hero member
Activity: 854
Merit: 1001
Thanks, Lyaffe. Added the MacOS install info to the OP.
newbie
Activity: 33
Merit: 0
Im must be a dumb dumb but I can't get the NRS client to work.

Im stuck at the terminal window on mac. haven never run nxt before either…


This is what i get:
Exception in thread "main" java.lang.UnsupportedClassVersionError: nxt/Nxt : Unsupported major.minor version 52.0



Can someone please point me in the right direction.

**Update - Problem Solved
For anyone else in the future with this problem:

Follow instructions on the link below
https://wiki.nxtcrypto.org/wiki/How-To:InstallNRSMacOS


You need to install Java 8.
newbie
Activity: 46
Merit: 0
Im must be a dumb dumb but I can't get the NRS client to work.

Im stuck at the terminal window on mac. haven never run nxt before either…


This is what i get:
Exception in thread "main" java.lang.UnsupportedClassVersionError: nxt/Nxt : Unsupported major.minor version 52.0



Can someone please point me in the right direction.

**Update - Problem Solved
For anyone else in the future with this problem:

Follow instructions on the link below
https://wiki.nxtcrypto.org/wiki/How-To:InstallNRSMacOS
hero member
Activity: 854
Merit: 1001
Just finished off the last transfer for today, and updated the figures above:
https://bitcointalksearch.org/topic/m.12441796

Current total of NAUT exchanged to NXTNAUT is just short of 2 million, from a total supply of 5.3 million.

I can see some questions, I'll try explaining them tomorrow. Much busy.... Cool
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
so NAUT is null and void and swaps for NXTNAUT?

explain it like i'm 5 please Cheesy

(okay i'v read the OP)

but again please

what happens to oldNAUT?  the network is actually more than a-okay
where do these NXTNAUT trade?

We've talked to the exchanges to add the new NAUT and remove the old NAUT.  C-CEX should be doing it first on the 21st and a few others will follow soon after.

As far as the network goes I'm sure Dave can explain that better than me.
legendary
Activity: 1470
Merit: 1010
Join The Blockchain Revolution In Logistics
so NAUT is null and void and swaps for NXTNAUT?

explain it like i'm 5 please Cheesy

(okay i'v read the OP)

but again please

what happens to oldNAUT?  the network is actually more than a-okay
where do these NXTNAUT trade?
hero member
Activity: 854
Merit: 1001
Yeah, I was thinking of kicking you lot out, but decided to be merciful.

Updated the payout list above:
https://bitcointalksearch.org/topic/m.12441796

So far, there has been a total of 563,000 NAUT redeemed for NXTNAUT...... Cheesy
sr. member
Activity: 251
Merit: 250
Imo questions about the airdrop are better answered in the Nautiluscoin thread, since "This thread will explain the entire redemption process".
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net

Lee, can you clarify?

What do you mean that any dumping won't be from the airdrop but rather from current community members.

I mean, if the airdrop is say 1 million NAUT then I imagine a lot of those coins will be sold right away.  Is this not the case, will there be some hold put on the airdropped coins?  Thanks for the clarification.
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
Nobody can control a dump, but it will be highly not possible from the Airdrop its self will be the current holders if there is a dump.

But something that would be great is if the current holders also pitched in with the Airdrop would actually push the price higher and create more liquidity

http://www.forbes.com/sites/rogeraitken/2015/09/18/brian-kelly-capital-investing-in-first-fully-deployable-digi-currency-ecosystem/



Fair enough.

And I agree that there's no way anyone can control a selloff.  If it happens then it's gonna happen.

This community really does need to get behind this airdrop so we can make it a community project and not just a BK/Lee project.

I'll donate 1,000 NAUT to the airdrop.

Please post a wallet we can all donate to.

Cheers!
legendary
Activity: 1050
Merit: 1000
Love it when a plans starts to come together
Nobody can control a dump, but it will be highly not possible from the Airdrop its self will be the current holders if there is a dump.

But something that would be great is if the current holders also pitched in with the Airdrop would actually push the price higher and create more liquidity

http://www.forbes.com/sites/rogeraitken/2015/09/18/brian-kelly-capital-investing-in-first-fully-deployable-digi-currency-ecosystem/

ouldg
Wait until you get back from vacation. There's no time limit set for the NAUT>ro redemption, and I'll be happy to sort it out for you then.

How much NAUT is getting airdropped on the 26th?  By the looks of it - with the price not taking off, I think we're gonna see a massive dump from all those air dropped NAUT coins.  Can you add some color to this situation?  Thx.
member
Activity: 156
Merit: 10
Wait until you get back from vacation. There's no time limit set for the NAUT>NXTNAUT redemption, and I'll be happy to sort it out for you then.

Ok, thanks. Will do
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
Wait until you get back from vacation. There's no time limit set for the NAUT>NXTNAUT redemption, and I'll be happy to sort it out for you then.

How much NAUT is getting airdropped on the 26th?  By the looks of it - with the price not taking off, I think we're gonna see a massive dump from all those air dropped NAUT coins.  Can you add some color to this situation?  Thx.
hero member
Activity: 854
Merit: 1001
Wait until you get back from vacation. There's no time limit set for the NAUT>NXTNAUT redemption, and I'll be happy to sort it out for you then.
member
Activity: 156
Merit: 10
True....there's a list of stuff to do.
But the exchange will also need to verify the same information for the redemption/sign up process, this gives NAUT holders a way to get NXTNAUT now, and to make sure that they have a sorted Nxt account for secure storage of their shiny new coins.



Evildave Thanks for the instructions! I have one question though.. At this very moment I am on vacation with  no access to my home pc, only tablet and phone access and will be returning the 25th of September. Currently my naut is all on bittrex. What do you suggest? Wait for the exchange, or perform the suggested conversion on the 25th? I am  a holder of a decent amount of naut. Thanks for your support.
legendary
Activity: 1092
Merit: 1010
If anyone has any questions about Nxt and the client, I am available to answer them, too. Smiley

Best of luck!
hero member
Activity: 854
Merit: 1001
True....there's a list of stuff to do.
But the exchange will also need to verify the same information for the redemption/sign up process, this gives NAUT holders a way to get NXTNAUT now, and to make sure that they have a sorted Nxt account for secure storage of their shiny new coins.

sr. member
Activity: 404
Merit: 250
Beware
Sounds alot easier to just wait for the automated conversion Smiley
hero member
Activity: 854
Merit: 1001
Yes......edited OP
full member
Activity: 201
Merit: 100
Just to clarify then - the redemption process will be 1 for 1 then? 1 Oldnaut = 1 newnaut?
hero member
Activity: 854
Merit: 1001
This is a list of all the NAUT>NXTNAUT transactions that have received their NXTNAUT:

Code:
NAUT tx ID	                                                    Amount NAUT Rx	Time	 Date

46b833eb0de97e9301d8856b58ef01ab4c4bb506562d4e49849e5e447da53760-000 31721,24 2:56 17-9-2015
7bc3c877dfd277791a99222c6d2953decdcfe65aabd942db45606c5bf133ba85-000 2100         4:10 17-9-2015
959896160b03301e9c6b36bdaf61a8ac025bc71db9e0067df83aa45aefc29667-000 49999.998 16:16 17-9-2015
23bf62b6f6bfcd90fcaa05fdb8b72231a3e42af6ec79d6443713a0e1fad15a3f-000 49999.998 18:33 17-9-2015
8e91edbfcd742b5bce2ce768cbc2efc920eb1bda024d1d12208a48fcea633cd8-000 20103.60 18:45 17-9-2015
37fb8981b500d24ca90bbf00dc6c8d5b13e767ce059795c8c8005c6db613ba30-000 1000        20:44 17-9-2015
NXTNAUT sent to above, 01:00 CET, 18-9-2015
7e5eea7456c15c8579112a262256e1173aa3d1ed1d60c5e954393ec5b0742c86-000 100         9:09 18-9-2015
70cb771da0f79f800b8a20206803acf907e30384cdc8abf45dbfbe9698a13164-000 398711.952 19:46 18-9-2015
697a500a74531f80c00e28e1deee217665fdb100049c63b9486b15f4d4540a40-000 9171        20:15 18-9-2015
NXTNAUT sent to above, 01:30, 19-9-2015
9ef4272a97d7efb14d40169af4432e1dc2c4390914a0d633e6eee7e5bb9c634d-000 8140        21:40 18-9-2015
5394a6dc73cf4ba34bc7c6d1203c799587b6f269e211530ec3275b337d17a6c8-000 1000        20:36 19-9-2015
5329cd52365b46cb333731fc2142dd4c5f21aea5a32946d6c3a4d88d977aebc8-000 1000        20:52 19-9-2015
e09d7ad079a6f519557bde1d97399cc654fe3c433438479edb87a48bfba0af35-000 100000        21:02 19-9-2015
6bf9e59785fe6ba7a6987298ea21b4438cf1bb1b94281c238c7d059c326c471a-000 250000        21:09 19-9-2015
8714f1d39ea49ff357e043b12792251353c8657a0fe939600541f5a0904d1cf5-000 500000        21:18 19-9-2015
2e177f5474162580d3f0820bb6d3063301abc78b8ed8b53b07c3b814e5f65240-000 517739,242 21:24 19-9-2015
NXTNAUT sent to above, 01:30, 20-9-2015
04a6b80963458d3e6833ccd30f036d2a24fe2f8969991265eb3149c4bb29a3a6-000 41836,606 5:04 20-9-2015
6a718d1e3374d09205afc535374a800b918b9ff69156b9de4a190db97d23d1e6-000 1176,048 16:42 20-9-2015
NXTNAUT sent to above, 00:30, 21-9-2015
5db9ba943fd37d668002c5b124ddc7462113b558c7933e5a11010f8acdbf03f0-000 9999,9999 22:12 21-9-2015
813fe7ec1e05b9566b5163e94a846b8d0bdfbbd397bbfb274130a6028fed059d-000 15331,706 4:38 22-9-2015
62706af0b9b42c79bf39cb7793be16ccf7e0b56a5385139f9040252a2ba0247b-000 10001         5:03 22-9-2015
e0449b5b53680655b7000475b6450aae9314312073d9281831834fe7b657ce82-000 3047,323 5:29 22-9-2015
2f88548488d26c5d9976057bf64d2cc247bc2962ee4ef8f1a917bc05f3b5534d-000 370094        13:27 22-9-2015
2fd3123f00cd9ec98640a5f2fe97cf5113e32a2ac4443ff5d6d2fce0f108ca63-000 500026        13:35 22-9-2015
NXTNAUT sent to above, 00:30, 23-9-2015
d5e0668aff1c09a3af4c91ca681777c8024edaba25d77ca5ede8471764e76c48-000 1        1:00 23-9-2015
f889e4418232070c5a29eb4c22035cbb5b98eff743a4ded3b206cac872662180-000 5        8:49 23-9-2015
4ec34462f1cb34fe2bd667a47be8f922cb249f9afb0701f94bdc6a69c7a66d4f-000 59999.9999 10:23 23-9-2015
ddcd150667922ce8480194434878e148b3a2f39081387dfbcca8fdab323a6e8d-000 100        12:52 23-9-2015
d3bc16f5fcdb2564c102bb5286343f8fa5db9ef742bb587751b3fcf97894c692-000 40.148.989 15:43 23-9-2015
NXTNAUT sent to above, 00:30, 24-9-2015
de9c226c222a8205a267701252f83b8fe4cab8f24d3e81df82072bfca2bfa527-000 875,3960 16:57 23-9-2015
76ada3fca2b07b49d82f3b9790f41e3955504db69dd7cf2b2bcd6a1ff00d7a4b-000 50099,96 4:42 24-9-2015
80efaf9087b778e94fc62682c685bf99143c08be40e59788de938ba1bd580506-000 2495        6:55 24-9-2015
32b69e0aa2137926494f1f196397aef832597755b19d5c356df1b73a00611937-000 55260.753 13:48 24-9-2015
0c86f0fdcfe0c629ed9c9cf31d182a56ffd53f0e5111fc8d1bec4556aa8a6bb9-000 12000        14:55 24-9-2015
f401a826c9229b24a41ca0273ff2cbb74e45d4430ebdcb8f5814d6e377af1c9c-000 33170        16:13 24-9-2015
f3de5a78eca6d0ac5bebfaadf1c0db4f56f0bc606de5af2e340ca43c94cc23a4-000 42060        19:39 24-9-2015
d0703ef60c92fe779dfec1dfd67f2fe1fbdacc0b12c88d5e2eab92335c0810f1-000 2492,8        21:08 24-9-2015
NXTNAUT sent to above, 00:30, 25-9-2015
dee5841a12e505ea66545d5f96cae7890feb24b74c6a13a81a8be5905b14f203-000 2255.88        23:15 24-9-2015
56e4c52e8c563164df070c35d7d18da3d634569153695cafdcc78d146af2007b-000 17999.92 8:35 25-9-2015
6adfb95e0505e736b5b0edecfa1287b84f69261d3980fc37974bd66b6d415364-000 95999.94 8:59 25-9-2015
7a8d44e7c26db6bcaf38485d287352305525d4f4b0d783e55e0d85061dc8e996-000 530         18:43 25-9-2015
NXTNAUT sent to above, 00:30, 26-9-2015
924df742a92a11fc0f32360600802ce5d4ce54f9f6ae2154b10e86be7e2b938c-000 10000        23:15 24-9-2015
Delayed due to tech issues,NXTNAUT sent to above, 23:30, 27-9-2015
d61dac5b30f1d602ab73302faefcf7d096ed6fff7567dcd16ae92bcb6e05ed30-000 426,211         1:39 28-9-2015
c630452750d56b87acf774d2c51edfa75115797eddffb3c691846cbb2bc1ef12-000 6445          13:22 28-9-2015
NXTNAUT sent to above, 01:30, 29-9-2015
c96fb076b2797288d96c99ceed2289200f42f7055a053fcc44e5cbdaa30193f3-000 0,1          19:54 29-9-2015
2d75e8c9b34cc58f236e5d54eff8e409635b7db12d3a4abdd4baae2cfb30a4ba-000 500          22:46 29-9-2015
7973498526440d6c0eebe6a7b6187c13ce8646273024b4222be30f5c9c7e4dae-000 3536,478  16:29 30-9-2015
f43a5ed4762d5ca9406e83150688235f864d65ceb2666f56470b286bad37f902-000 1000,1         16:43 30-9-2015
aeeb16fe94857826ba3c17b4ce53ce563fc7a2bb55fc33c4e4d49554c699aad9-000 3496,6         16:51 30-9-2015
NXTNAUT sent to above, 08:55, 1-10-2015
f53a772064a1b5e50429152b38e327c8f1c601447024f5048f79e7fe765432a7-000 14000    9:36 1-10-2015
51ed064e328b81c5a5c50c6a69b35ee55ad66db39edbd62cc2ad13cb5e2d2335-000 100000    21:46 1-10-2015
NXTNAUT sent to above, 23:30, 1-10-2015
e4f3e493f37b70bb2772ae20ce19f345e1cfda1da0b42bdf2961bc5971d90ded-000 18,05         20:48 1-10-2015
73f11083b430af7b9623d549529fee1393bbd0923a919fdef07b7b0d11ef8dbf-000 109485    23:08 2-10-2015
NXTNAUT sent to above, 01:15, 3-10-2015
132d241fa945c5a4e9a616df6e8644c50f247dc9805b129ffdde63082d663395-000 150               16:12 3-10-2015
c05fe68b55c2a47446596a753932c9a15d5fbbdb43b94aaa12b49eb5a0ec6027-000 500,832        19:41 5-10-2015
82939856ddc4e0def0ba64664d48a0253b4999a7c1dff8a8c9d90a15cd189a76-000 100000        20:19 5-10-2015
NXTNAUT sent to above, 01:15, 5-10-2015
1732b61cf1ff4166f4e4e70908f4dfd19dd0df955f7b6010f24c72f80c3a94cb-000 212475        1:32 6-10-2015
f482dc8b13f71647eacadb1521025511dbce2386ace22ed98c7a3f21b3dffd5b-000 1304,672 5:36 6-10-2015
6ad1f8448207a5846eff0d89fc4ea04e2e0d1a33d395566265595c26503ef501-000 2461,73        9:33 6-10-2015
1834b3567f0748b2bfa529f7f58dc96bcd0bab1717962e95a7198012e9e57be0-000 888,3        15:09 6-10-2015
0719709eb02488bc6afc9ada79ae97987d4ac055a65402d6fadc926c6320d38d-000 25        18:07 6-10-2015
NXTNAUT sent to above, 01:15, 7-10-2015
7a3b5af4cbe9971da9a120ae8ea86755b8da0e93cfea3f3f13943373beaf2dbc-000 1118       23:27 6-10-2015
4d54ecbe218a7ea5782ffd0cc1c40ad110e66782b839f8df239c91a2ced840ac-000 26,836       1:21 7-10-2015
0497c42b0272d07f024a00721c343d6fcb22d7736e9313774dca0cd9e8e851fb-000 2209,721 2:17 7-10-2015
974c8d6ae3ea4a44e8e16a5be03ce990a88a6b4ffb8155474d5b432676815172-000 6650        3:48 7-10-2015
d14125c1ea9300c970c5ef799a18ff1e01a60515795105c4ec9a25fba1ac064b-000 2500,7      11:22 7-10-2015
NXTNAUT sent to above, 23:00, 7-10-2015
3579c4bcc245b1df9a69623845af2e6be2d9c7da43d49fd967e3a214ac5828b2-000 2501          2:05 8-10-2015
bfc34a9e370aacca28437c029003fc46ad0ae9e7f8412cc3ecc1782f0b7bc707-000 2476,7         15:43 8-10-2015
066eac237eb59b9486cffae06f221a1c04a1415e31541547eb6df708fd6d619d-000 42254.446 16:35 8-10-2015
NXTNAUT sent to above, 00:10, 9-10-2015
15a5a767dabf3cf11c785a9494b11da05fb1df0aa37b27619404d1bee27da839-000 2501,33          1:16 9-10-2015
326bf70ff75c05a58c8bd1eb92a8cabda0afea480be1ac7ed01d5e2f71d486c4-000 2500,39         11:08 9-10-2015
68d50a6e3abe67115d0078408f804af40f372cd5c8cc2dc1f1fb157526d73c20-000 1993          20:22 9-10-2015
NXTNAUT sent to above, 00:30, 10-10-2015
36658bf78f00fe057759de243ad8e6aff5ecc167f2e33937ff6914203e93bfc8-000 2500.39          1:13 10-10-2015
e51666be9e6233565b0da7f8d846659bcbd02adf16398db101493fc3c080678b-000 18000         18:39 10-10-2015
NXTNAUT sent to above, 00:20, 11-10-2015
4f87133fbb98a0224d5e8e14612588f7faf55d9a0409e72e8e5381d14aef18c3-000 2581,1        0:52 11-10-2015
bd269ec00d48fcc761d52cd730077fb3c08dfad5ae7bd4d6ba0d5b37fc2273d8-000 667         2:12 11-10-2015
c765f7dc8e17cd81638616df1e98c4fe3d04d0d7975857e646f26c61c36bf5be-000 4898,623 21:34 11-10-2015
NXTNAUT sent to above, 00:40, 12-10-2015
0e946417421c2f16b2c80f99c84a74fe00d69dcd0af195d8c8ab70e311e9a28c-000 170,02         2:52 13-10-2015
37beae3c8191510b1dbe589ea4434ccc52d6692f8747e86061051e00a05c676e-000 1856        22:18 13-10-2015
NXTNAUT sent to above, 01:40, 14-10-2015
b26afcc14727c1a79b523f2e2bb257a5252c6466c69cb608e259c30d46c90878-000 1000        19:33 15-10-2015
NXTNAUT sent to above, 01:35, 16-10-2015
76980dbb449b1e5102f6613e85bb7ffc5f5e0a13e3caf0dc86f2c214e1859f66-000 10176,834 23:48 16-10-2015
NXTNAUT sent to above, 00:15, 17-10-2015
d38dbf799a94138a1cf3d75355273e4308740d83f15460ad64b78e16454251e8-000 2000        21:14 17-10-2015
NXTNAUT sent to above, 23:50, 17-10-2015
a8ae60dd4a376309dfe7649433246f95b5ad62a23f825072c29ad9a2fa7f88b2-000 154.261         7:59 20-10-2015
984d5474b8a8d81873edab7d5438dcf8d4d0d3a3f044dbe1966645e30a829154-000 17977,651 23:50 20-10-2015
NXTNAUT sent to above, 00:15, 21-10-2015
0aa43cb141b48f4ad33587d1d4070565dd1301a914ddbffb30a5f654a1b89c30-000 708,31         0:24 22-10-2015
NXTNAUT sent to above, 01:35, 23-10-2015

You can follow the payouts from this NXT account:
https://nxtportal.org/accounts/10848283251489956892


Pending payouts, NAUT received:

Code:
NAUT tx ID	                                                    Amount NAUT Rx	Time	 Date


Transactions on the pending payout list will be processed sometime just after midnight CET each day.


Current running total of NAUT exchanged to NXTNAUT:  4,004,694
hero member
Activity: 854
Merit: 1001
The TL:DR version:

Sort clients out, Nautiluscoin and Nxt.
Fund wallet/create account (PASSPHRASE!)
Send old NAUT, take screenshot.
Verfy Nxt account is yours.
Send the information.
Sit back and relax.....


FAQ

Q: Why did you change the OP to read NAUT and NXTNAUT instead of the original OLDNAUT/NEWNAUT ?
A: NAUT/NXTNAUT was the original idea, and I think now that it works better. NXTNAUT is not the official name (which is Nautilus),
but just a placeholder to use in this thread.

hero member
Activity: 854
Merit: 1001
This redemption process is closed as of 8 November 2015.

If you still have NAUT that you want to redeem to the new NXTNAUT:
https://www.drachmae.exchange/


*********************************************************************************


Guys/girls/undecided:
Following on from this press release from Brian Kelly, creator of Nautiluscoin:
Update on the Nautiluscoin Project
^^click here, full PDF of Press Release^^

This thread will explain the entire redemption process to magically transform 'old' PoW NautilusCoin (NAUT from now on)
into the 'new' Nxt Monetary System-based Nautilus currency (NXTNAUT):
https://nxtportal.org/currencies/18154834130337484019
The transfer will be on a 1 to 1 basis: so one old NAUT gets you one new NXTNAUT.

As part of the Drachmae project, there will be a dedicated exchange for the NXTNAUT MS currency,
this will go live on the 26th September and allow both redemption of NAUT and trading with NXTNAUT.

However, Brain Kelly and the Drachmae team would like to offer a method to redeem Nautiluscoin for Nautilus before then,
so they've asked the NXT Foundation to organise and escrow a transfer system, to allow the Nautiluscoin community to get in early.

NXT Foundation is a non-profit group,  set up by five early Nxt adopters, to both provide support to the overall decentralised Nxt eco-system,
and to act as a point of contact for businesses and external projects:
http://nxtfoundation.org/

As for me, I’m Dave ‘EvilDave’ Pearce, you can check out my profile here:
https://bitcointalksearch.org/user/evildave-174118
I’m a founding member of the NXT Foundation, and not completely evil.



Enough introduction, this is what you need to do:

Step One: get your clients installed and running.

You will need a Nautiluscoin client, available here:
https://bitcointalksearch.org/topic/ann-naut-nautiluscoin-first-coin-wstabilization-fund-digishield-591114
As NAUT is derived from BTC, set-up and configuration should be pretty simple,
but you may need to add nodes to nautiluscoin.conf:

Code:
addnode=146.0.32.101
addnode=54.187.96.217
addnode=108.61.10.90
addnode=52.0.108.136
addnode=106.187.93.107
addnode=63.247.147.166
addnode=124.150.42.36
addnode=54.186.223.183

Any questions/support needed, just ask here or on the main Nautiluscoin thread:
https://bitcointalksearch.org/topic/ann-naut-nautiluscoin-first-coin-wstabilization-fund-digishield-591114


You will also need a Nxt NRS client, available here:
https://nxtforum.org/nrs-releases/nrs-v1-5-15/
The latest production build is 1.5.15, the .jar version works on any platform with Java, (Win, Linux, Mac),
the .exe is a code-signed one-click Windows installer.

As Nxt is completely new code, some of you may not be familiar with it. Wink
There are a couple of good quickstart guides available:
http://nxter.org/nxt-tutorials/
http://nxter.org/nxt-nrs-installation-guide/
http://wiki.nxtcrypto.org/wiki/Nxt_client_interface
For Mac users, check this out:
https://wiki.nxtcrypto.org/wiki/How-To:InstallNRSMacOS

If you have any issues, ask for help here, or on the Nxt Forum:
www.nxtforum.org
We’ve set up a dedicated Nautilus sub-forum, so feel free to come on over.
https://nxtforum.org/nxtnaut/
And, just in case, here is the Nxt Wiki:
http://wiki.nxtcrypto.org/wiki/Main_Page




Step two: organise your accounts.

For this phase of the Nautiluscoin redemption, we are only accepting coins sent from the client. No transfers from exchanges, please.

Firstly make sure that you have your NAUT balance on your Nautiluscoin wallet, obviously enough.

Set up a Nxt account using your freshly installed NRS client, and:
MAKE SURE THAT YOU USE A SECURE PASSPHRASE:
NXT password information
This point is very important, as Nxt uses a brainwallet system.
 If in doubt, allow the Nxt NRS client to generate a passphrase for you.
Do not, for the love of whatever you care about, use a phrase that has ever appeared in any media, anywhere.
So no songs, poems, movie lines, book quotes or BTC addresses, among others.
If you have any further questions, ask here or on the Nxt Forum.




Step three: Send your NAUT for redemption.

Run both clients, and log in to your Nxt account.

From the Nautiluscoin client, send the desired amount of NAUT to the redemption address:

Code:
NPAXpEt1VPKsFh9KAGExxvp76cj3v1DFMQ

The important bit: find your NAUT transaction ID, Go to the Transactions tab in the Nautiluscoin client,
 and open the transaction details. Transaction ID is there. Make a very careful note of it!!

Then take a screenshot of both clients:



Note that the screenshot MUST show both the transaction details from the NAUT transfer
 and the Nxt account on which you wish to receive your NXTNAUT. (purple boxes)




Step four:  generate a Nxt authentication token to prove ownership of your Nxt account.

In the Nxt client, go to the Settings menu (purple box in the screenshot below) and choose 'Generate Token'.
In the data field, fill in your name or BitcoinTalk ID, your Nxt address, amount of old NAUT sent, and the transaction ID from the NAUT client.

Enter your Nxt account passphrase to generate the token:




Step five: submit your transaction ID and account information.

Copy both the entire data field message and the generated Nxt authentication token,
then send them to me, together with the screenshot (or a link to the screenshot) of both clients.
You can send either a PM to me on BitcoinTalk or a mail to dave(at)nxtfoundation.org.

Your message should include all of this information:

Quote
EvilDave
NXT-3T2W-6HXY-UGUL-BS85F
ff51feed19eb5ceef561195e12a40fd89f9a0f7e2ed702d80f7e9f755b9a6c59-000
25 NAUT

r5n35fga98rhhl3ussof4fsnkm9v423eo0r4qqc3oul5c2tqcsvdgj50tm8apng35pdgr8ei12h64v5 uedd6hh41cuc2oq40lmk4gb3v5uk0vf71lnag8qobmdqbas1f17l2ob05u3d3c2j8h8r6s8oma072hn r4





That’s it, sit back and wait for your Nautilus….

Once we've checked out the transfer, we'll send out new, shiny Monetary System Nautilus to your Nxt account.
The verification and transfer process will take at least 24 hours, but hopefully no more than 48.
We will try to deal with redemption transfers on a 'first come, first served' basis, but larger amounts WILL be prioritised.

For holders of small NAUT balances, and people who only have NAUT on exchanges and don't want to run the full client:
the official Drachmae exchange will be up inside a week or two,
and will offer an automated redemption system for NAUT > NXTNAUT on the exchange itself.

Please note that this thread is intended to be a place to get some work done, not a place to debate. That's why it's self-moderated.
If you have any philosophical/emotional/etc issues with Nautiluscoin, or Nxt,
 or anything not related to the NAUT>NXTNAUT redemption process, please take it to the main Nautiluscoin thread:
https://bitcointalksearch.org/topic/ann-naut-nautiluscoin-first-coin-wstabilization-fund-digishield-591114

I'll be cutting out useless posts from this thread, with the intention of keeping it clear and on-topic. So don't say I didn't warn you.....

To verify my identity/account control, heres the authentication token for the Special Projects account (NXT-3T2W-6HXY-UGUL-BS85F)
that will be handling part of the redemption process.:

Data:
Code:
EvilDave 16/09/2015 NAUT2NXTNAUT redemption.

Token:
Code:
r5n35fga98rhhl3ussof4fsnkm9v423eo0r4qqc3oul5c2tqcqshuj500vohci03fcm6oh1k3rfi04hevrq84gs2986hh9j89mbs85so3gog6f753rrgml74sgin9vovtumfd6hlac95h6cp8tmi70hbu2blndmq

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