I know this may have been asked before, but what i'd like to know is:
If/When this coin is released, how will the first investors know and how will they get their "funds?" I assume each individual will be contacted via PM on these forums, is that correct?
I jumped on board just shortly after the "Free" period. I've still got a "Y" condition on the list too. I just wanted to know what happens once the coin is released.
something simple is all the logo really needs... bitcoin's logo is not fancy it's just one letter. That's all this one needs to be. Plenty of coins with fancy logos that are languishing on the bottom of the market cap list. Name, word of mouth, community, and popularity are more important for acceptance in the market place... also simplicity and ease of use.
Personally with all the clones coming out I question the survivability of NEM and NXZ.. it's going to take a real catchy name or a very large community to make a coin popular now. Now we have this "Futurecoin" yet another NXT clone (which is probably going to fail before it even gets going with the OP managing to walk off with at least some BTC in the process) ... there are clones of all the major coin types now everywhere. I see the decline of the truly unpopular alt coins coming.. where they will basically end up being micro cap coins soon, with market caps under $200,000.
That's why my idea for BIT .. better internet transactions (or better international transactions)... it's one of the few names left that would instantly grab attention... although admittedly this name (NEM, New Economy Movement) is still fairly catchy compared to a lot of them.
Hopefully the group of investors we have is diverse and dedicated to the coin and not just dumping their stakes for the next one.... since we will have more smaller shareholders we hopefully will have a larger more dedicated community but we will also have more of a 'float' given that coins where you have a very few people holding lots of coins and they don't sell them, that helps keep the price up a bit by limiting the supply (float)
Alot of this makes sense to me. I Do not agree with the name change though but i perfectly understand your logic. For me, NEM reminds us that it's still tied to NXT in many respects. renaming it BIT might cause confusion.