Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 169. (Read 2984910 times)

ProximaX is a platform being built upon the NEM chain. It will not in any way "cannibalize" NEM, but will provide lots of utility. It will allow anyone to build dApps utilizing the NEM blockchain.
ProximaX has an entirely different development team than NEM. So it's not like NEM devs are getting sidetracked.
XPX, the ProximaX token will require XEM fee to transfer, further strengthening XEM utility.
I wasn't going to share this, but if it helps calm the FUD, I suppose I will. - I was told by Lon that ProximaX ICO will "most likely" offer a favorable exchange rate in XEM. This should really drive the price of XEM once the news is official, as anyone participating in the ICO should buy XEM first, then trade the XEM for XPX to get the best deal.

I find it silly that people would think building upon NEM somehow would hurt it. This is what NEM is for!


ICO's are used for start ups to achieve funding to build a project. There is no need for an ICO if your project is completed. Therefor, saying that "no ICO has gone anywhere" doesn't make much sense. It's similar to saying that putting gas in your car is pointless, because it didn't get you to where you needed to go.
Gas and ICOs are fuel to make progress, they are not progress themselves.

However, you should always do your own research into the people behind any ICO. I don't think anyone will find much similarity between Bankera or Petro and upcoming the ProximaX ICO.
IMO - ProximaX will be one of the best crypto investments of the year.
Also, if you haven't already - sign up with myCoinvest. This is another great project built on NEM, and has a great team. Right now you can participate in airdrop and other tasks to earn free CVZT. And the ICO will be launching in June, I believe.


ALL stolen XEM has been sold and dumped on the market, minus a 16mill account that has not been touched since March 4th, and trivial amounts scattered about. Read last few pages of this thread for more details.
I have written to media outlets sharing the information that I've gathered, but they have yet to report on it. It appears there is no crypto journalist covering the topic that is actually willing to do real work and info gathering. Instead they copy+paste quotes, and use bots to pull info from twitter and other sources.
Because of the inaccurate reporting, many are still afraid to buy XEM, as they assume the hacker, or customers of his, can still dump on the market.

My friend bought nem on hitbtc, when he wanted to withdraw hitbtc did not send it out to the address but deleted ammount on his hitbtc account

I don't know about the other NEM ICOs but Bankera's SpectroCoin has effectively stolen all my funds. I got burned in a previous ICO (not NEM related) last year. I think I'm pretty much done with ICOs for good, even if they are NEM based. The advantage of having more and more NEM tokens is that it brings interest and visibility to XEM and the NEM technology, and over all will increase transactions, which is good news for XEM harvesters. The tokens themselves, though, are likely not worth that much.

The entry point to this coin is still very far from ideal, XEM is waiting for a long slip of the price down, very strong news is not predicted I think it makes sense now to sell a part of coins, then to re-buy

Why consider any ICO, let alone one associated with NEM? So far all of the NEM based ones have gone nowhere. I don't see that changing. NEM itself needs a shit ton more visibility first. Even then most of them will simply be you gifting money to them.

I heard a separate foundation will be formed for ProximaX. I’m a little bit worried about it cannibalizing NEM's prospective market, especially because they will not use XEM but their own native token XPX. Why wouldn't they just use XEM? Thanks in advance for your insights.

Is the exchange going to have any fiat pairings or is it purely XEM/Mosiac pairings?

When do we know details about proximax ico? There will be stakes at particular price or ex. 100$ entry will be possible as well? (Smaller units or whole stakes?)

Cryptocoinnews (CCN) reports that the hackers behind the theft of 500 million NEM tokens have likely laundered all the coins already.
https://www.ccn.com/majority-of-550-million-stolen-nem-already-laundered-report/

I think and hope that once the majority of the stolen coins have been sold, the price will stabilize and rise again in the medium term.

Hopefully down to 0.10 - or even less. 

What's yours expectations right now

Afaik the latest Trezor Modell doesnt support NEM yet. They are working on it.
For the old Trezor just download the universal client: https://nem.io/downloads/

Does anyone know how to link my NEM Nano Wallet to my Trezor Device ? Ore where I can find a tutorial to do this?

It looks like the most recent price drop in NEM corresponds to BTC losing another $1000 on its price. Usually, NEM corrects for that but it takes a day or two.

Buy XEM responsibly. I believe their scaling will be much more efficient moving forward into 2018 and 2019. I love their project, their whole vision. Lets see what this year has in store for XEM.

When people registered the first stakes were free, then after that people paid a small amount of NXT and BTC. It wasn't an ICO because they didn't exist back then. It was regarded as more of a contribtution. About 63 BTC was raised in early 2014.

question: have Nem team done ICO to fund the project or it is self-fund project ?

I guess because developers rightfully are focused on developing and NOT on doing things just to create hype for speculative purpose - one of the true horrors of cryptolandia.

Small tidbit there has been some activity on the 'supposed' Venezuela ICO Mosaic account:

http://explorer.nemchina.com/#/s_account?account=NCGBBZKOTERO3EXMPPCNDNDXZQQJXBEMWWO7MB66

The news came out because catapult was always going to be live on Mijin at end of March...