Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1588. (Read 2985369 times)

There was no IPO. The actual definition of an IPO is Initial Public Offering. It is an offering to list equities. There were no equities to sell at all. Because there was no IPO, there was no rights offer.

The offer was to handout free NEM coins and to sell some NEM Coins to defray some costs of operations. This has been in discussion for about 5 months already and also a few more months is now given to claim after close. I believe that is long enough for anyone with interest to claim. Question arises as to who is going to sit around to wait for someone to come along till eternity?

The administrators of these coins are volunteers and they cannot be volunteers forever. They also need to move on with their lives. Do understand that those few dollar contributions that many have given to buy those NEM Coins do not entitle them do demand what is good or what is bad from the volunteers.

Everyone's voice is being heard and that there is also a consensus to say that the leftovers be used for the betterment of NEM.

Finally, we need to understand that volunteers don't own these coins.

So, no one has the ultimate right over these coins and no one is going to be around for the rest of time to look after these coins. Hence the it is generally accepted that these coins be used for the betterment of NEM AND NOT FOR THE DEVS.



I believe NXT has its own set of other problems and we should not even compare NXT with NEM in the first place. In as far as what goes on in NEM, to date since the departure of UP, there was no scandal of any kind that is so detrimental to NEM.


Yes, you are right. But no, you are wrong that there was ever an IPO. There were no shares being offered and sold.

If I knew things like this, I would have been a millionaire until now!!  

Now seriously, when the AE stakes went close to 50k NXT I asked myself the same question. After thinking, I came to a conclusion that if I sold it, I would have made a small profit. Having 3 BTC isn't that bad, but what will this really change in my life. On the other side, keeping a NEMStake can give me much more gains in the future.

I am willing to take a risk!! If we go to 1000 satoshis in the future, which isn't that much, that would be 10 BTC profit. Indeed, we could go to 5000 satoshis but we might also go to a 100 satoshis, you never know.

Keep in mind that the current valuation looking at the NEMstake price is 266 satoshis per 1 NEM.

use secureAE and you wont have to download the blockchain or any client.

ya you can see all trading: https://nxtblocks.info/#section/assets_exchange/market/12465186738101000735

https://trade.secureae.com/#4551058913252105307 

I am too lazy to DL the blockchain on my NXT client again, but are they still trading nemstakes on the AE?

a good while anyway.

thats a good question 
how many time remains to redeem Nemstake on AssetExchange?

btt unclaimed plummeted from 570 a day or 2 ago to 466 today. must have been a lot of people who followed but were too lazy to redeem early.

pat, is it possible to keep the portal open until its ready for taking in addresses or does it need to be closed while you modify it? it would be fantastic if we can get unclaimed down to 400.

doing better than i thought it would to be honest.

Do you have news now about exchanges at launch?

What is wise. Sell a NEMstake or redeem it?

How much NXT will it be worth after launch? 

I think your missing the point that some of the "Fudsters" are trying to make. If NEM loses the support of investors, its value will plummet which will in turn make your unclaimed stakes venture fund worthless.
To me it pretty much looks like "undecided" on what to do with the unclaimed stakes is bulls**t and from reading the last few pages, the devs are trashing anyones plan but their own.
btw I think the venture fund is a good idea if managed properly, but that dosnt matter as its everyone with a stake in NEM should decide this and not just a few devs

even if you call this an ipo then what type of an investor you are if you do not check your investment?
there are people who are in the final stakeholder list but they they were "Last active" at the forums half a year ago.
if this is a call for participation then how do you participate if you're not even reading this thread from time to time?
I still remember the early days, when it was told that everyone is expected to make some sort of contribution, that you are a volunteer, not an investor.
open the nem population statistics , there were about 1000 people with accounts registered after the fundraising had started, with a single post, EVEN they (at least most of them) got their share, and they should be thankful that their $5 turned into $1k, because they did nothing. they were last active on the same day they registered here.
there were talks about the redemption process a long time ago.

your name is there... copy your user name and do "control + f" then paste your username into the search box.

https://chain.nem.ninja/stakes/registered 
Why is not my name?

copy that... thank you.

i think its btt rule. you can go back in the thread and see xtester post this every few pages

?? ok, I seem to have missed all those thousand times.  But why is that?

just came back to a laptop that had the old beta on it.. just booted up the monitor and all and updated perfectly. buggy software my arse..

was a new release put out that fixed the bottle neck??? i just flew straight past block 10081 where i kept getting stuck for hours multiple times before..

maybe where you are. But america is not everywhere my friend even if you were told otherwise
Sometimes people like me HAVE to take off 4 to 6 weeks from sitting at the screen 365 days otherwise. Correct?
You are not like everyone else. Other people have other needs and lifestyles.

Been australia countryside? Africa? Asia? Southamerica?
No, people there don't have access every day 24hours.


Nem took now almost a year to get this started. You can't expect people to pay attention all the time after such a long time. It's 500+ other coins out there that also need attention a lot.  

Well, i stop discussing now.

Last remark:
To give everyone equal stake is what i would expect from an "equality coin", or not?

Enough now before you hate me  

it was a call for participation. not an ipo.

in an ipo you get a number of shares/coins that is directly corrolated to the amount you invested.

people payed a variable fee (that increased over time from 0 - ~700nxt) to join the movement. the benefit of join said movement is that you are allocated 1 million nem for your participation. every see "dallas buyers club"? so you did not invest and get 1 million in return for an investment. you  payed a nominal fee to join a movement and it just happens that one of the perks is getting 1 million nem. there is no legal binding in this deal that stakes must be held for x time..