Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 348. (Read 2985265 times)

Great work. One minor comment is that Graft is not actually utilizing the NEM platform outside of the ICO pre-sale. They are only using NEM mosaic during pre-sale to raise funds and then will burn them to transfer to their own PoW/PoS hybrid block chain. It's great to see people choosing NEM over ETH to host their ICO tokens but don't want people to invest in Graft thinking it will be using NEM technology.

Does anyone know if NEM will be having a airdrop soon?

I made new NEM news. Topics: NEM news: ICO Graft, COMSA, Bankera, Qchain, Competitors, conferences
https://youtu.be/PsfYCWTfeGY

Those who held from the intitial distribution turned literally nothing into several hundred thousand dollars. There's something to be said for it.

Yeah, I'm trying to be a buy-and-hold investor. A year is nothing in reality but seems to be an eternity in the crypto space, which easily forgets what happened 15 minutes ago...

Really, I like NEM having a run up past Dash and Ripple. Once the marketcap hits 10bio though, I'd expect we're in fairly rarified air and probably am taking profit at that juncture.


Thank you for your thoughts.

I have absolutely no idea whatsoever. The volumes were big just a short while back. Big volumes and then back to nothing is what XEM has always done.

Considering the sheer amount of cool stuff about to come online and how ridiculously steady the price has been for so long, I'd be inclined to stay put but that's what I've always done anyway.

You're the expert-what do you make of a new USD ATH but these tiny volumes? Are we on the doorstep of a 4x rally, or on the verge of a collapse? I'm pretty long from .02 and just held onto it. Thinking of reducing a bit.

They are planning to use NEM mosaic for BNK tokens and XEM for payouts. Just have to wait for them to be implemented. In their chat room it sounds like they prefer working with NEM over ETH and have mentioned they will likely convert all tokens to NEM by burning ETH tokens down the road but we'll see.

Well, I threw some BTC at it because I honestly thought it was in some way related to NEM. That's my fault for not doing my homework better (and it wasn't a lot of BTC). But I did get the distinct impression from this thread that there was a connection between NEM and Bankera, and even that Bankera was using the NEM block chain as its backbone. I want to correct that misperception, because their own tech support denies it.

Dunno. But it's yet another idea that'll be impossible to deliver, either through incompetence or malice. If I was a public crypto face I wouldn't be going anywhere near anything ICO related until the smoke had cleared and there were some successful actual examples. We're still in the throwing shit at the wall phase and it's better to let them all fail before endorsing anything.

I was under the impression that Bankera was in some way connected to the NEM platform, and that holders of BNK would have the ability to claim rewards in NEM once dividends started paying out.

It turns out I was misinformed. Here is what I received back from SpectroCoin's technical support:

*************
   Hello,

Thank you for writing us.
Unfortunately, for now the only way to get the rewards is with ETH.
If such an option to receive with XEM or any other currency gets available, you will be informed.

Regards,
Ehab   
 
 
 
 
    wiser
    Wed, 08/30/17 6:16 pm   
 
    Hi there,

I recently purchased around 15,000 BNK. When BNK starts paying rewards, I'd like to get mine in XEM. How would I indicate that within my SpectroCoin account? Thanks for your help.

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

XEM is not even available as a trading token on SpectroCoin's platform.

So why is Bankera even being advertised here? What is its connection to NEM (besides having a NEM developer as a consultant on its team)?

I don't think they are bringing anything new compared to bankera + it's built on Monero, only ICO on NEM

Actually it's not. The only affiliation with NEM is the ability to invest via XEM. It appears they will be creating a new blockchain using a PoW/PoS hybrid consensus system but the white paper has little details. I'm personally going to pass because I don't see a reason why they couldn't use an existing platform such as NEM and I don't see any new tech in their whitepaper.

I was wondering if anyone is looking into the ICO graft? I have been looking into it as it is built on top of the NEM platform. It is for payments. Seems like a very interesting crypto, just wanted to know if anyone had any thoughts?

-Ethereal

would it be possible to establish NEM as something like the EURO?  meaning its not tied to bitcoin anymore but as its own currency that other things are tied to like fiat?

In the coming months - down. But then - up.

The same thing was said about bitcoin and ethereum.

I believe it's just a matter of time until NEM starts really taking off. it's already a strong top 10 crypto in terms of marketcap, but that's just the beginning.

It has many more features incoming, allows for safe and easy integration of mosaics or a sort of ''smart contracts''. Catapult is an upcoming upgrade which changes the core language from java to C++ and has a lot of additional innovative features not a single blockchain can do so far.

NEM also already has several projects running on it's blockchain: Breeze, DIMcoin, Ecobit, Luxtag, Bankera etc...
Comsa is a project also running on the NEM blockchain which is especially large in Japan (it already has 152000 signups). It will feature large scale and regulated ICO's for big already existing companies wanting to make use of blockchain technology.

NEM is building a NEM exchange in cooperation with Australian Cryptocurrency Exchange (ACX) which will allow for easy exchange from fiat to NEM and NEM assets.

NEM foundation is expected to spend $40 million in the coming years on a global expansion program and has already launched it's first Blockchain centre in Malaysia.

For a sneak preview of this centre check out this video: https://www.youtube.com/watch?v=U0XPvZXCLt4&feature=youtu.be

Additionally NEM has an incredibly active community and already has over 3000 members in it's telegram chatgroup. You can join here: https://t.me/nemred
The NEM blockchain also allows for Blockchain voting and it has already been used to allocate some NEM funds to interesting projects (like Luxtag) making use of the NEM blockchain, further incentivizing use of the Blockchain.

There is so many things being worked on right now, and so many things NEM can be used for. To summerize, NEM is a fast and scalable platform with an incredible number of applications, we are still at the very early stages of this incredible project.... If you haven't already looked into NEM or tried NEM before, I urge you to do so and experience the potential yourself.


I wouldn't be surprised if NEM becomes 'the Google of the blockchains' over the coming years

It hit nearly 14000, but maybe it's time people stopped pricing it in BTC. It's hit USD all time highs in the last month.

20000-25000 satoshi => unbelievable 

So which is it? Up or down? You can't have both