| Nxt | Blockchain Platform | Proof of Stake | Official - page 154.

CryptKeeper

legendary

Activity: 2044

Merit: 1055

Quote from: nzminer on May 25, 2016, 01:13:52 AM

Quote from: CryptKeeper on May 25, 2016, 01:08:30 AM

Quote from: nzminer on May 24, 2016, 05:25:12 PM

So am i correct in understanding that my balance will be split into a 50/50 amount of FXT and FNX?

Yes but it's additional to your NXT, which you keep because the NXT 1.x chain will go on.

OK so i will get the same amount of FNX as is the amount of NXT I currently hold?

No, you'll get the same amount of FXT as your NXT (1:1) and 50% as FNX (1:2). The other half of FNX will be held by the devs to fund further development.

nzminer

legendary

Activity: 1918

Merit: 1001

Quote from: CryptKeeper on May 25, 2016, 01:08:30 AM

Quote from: nzminer on May 24, 2016, 05:25:12 PM

So am i correct in understanding that my balance will be split into a 50/50 amount of FXT and FNX?

Yes but it's additional to your NXT, which you keep because the NXT 1.x chain will go on.

OK so i will get the same amount of FNX as is the amount of NXT I currently hold?

CryptKeeper

legendary

Activity: 2044

Merit: 1055

Quote from: nzminer on May 24, 2016, 05:25:12 PM

So am i correct in understanding that my balance will be split into a 50/50 amount of FXT and FNX?

Yes but it's additional to your NXT, which you keep because the NXT 1.x chain will go on.

Attack.of.the.Clones

full member

Activity: 151

Merit: 100

Quote from: Damelon on May 24, 2016, 04:06:32 AM

Quote from: moonfrog on May 24, 2016, 03:40:50 AM

Will there be actual BTC ICO crowdsale in NXT 2.0? If not, should I buy old NXT 1.0 for taking participation in NXT 2.0?

FXT is only distributed to people holding Nxt, so the only way to get those tokens is by holding Nxt in your account during the snapshot phase (which starts when Nxt 1.9 is released and will run for about 3 months).
After the snapshot phase, everyone will receive FXT Assets, which can be traded freely. When the Nxt 2.0 Genesis block is created, FXT will be allocated based on FXT Asset balance.

FNX will be created in the Genesis block of Nxt 2.0. At the moment Nxt holders will get 50% FNX of their Nxt balance. The other 50% will be reserved for the devs, for instance to do an ICO with, or something else. As this is still one year in the future, the exact method of this is still being debated.

when will we know more concrete details on the plans for the dev's 50%? It's a critical issue. Personally I think 25% (half the 50%) should go in an ICO to get some USD and/or btc, and the rest used as bounties

nzminer

legendary

Activity: 1918

Merit: 1001

So am i correct in understanding that my balance will be split into a 50/50 amount of FXT and FNX?

farl4web

legendary

Activity: 1205

Merit: 1000

Again good stuff, Nxt is getting more and more professional. We are very much ahead of the competition. Grin

KLONE

sr. member

Activity: 264

Merit: 250

Quote from: Damelon on May 24, 2016, 09:38:24 AM

The Nxt Foundation is proud to announce a strategic partnership with Civic Tech Amsterdam.

Nxt Foundation, one of the pioneers of the emerging blockchain industry, has formed an alliance with the internationally oriented Civic Tech, which specialises in technology business acceleration and international funding.

Civic Tech has worked with such institutions as the World Bank, the European Union's Horizon program and the Amsterdam IoT Living Lab.
The Nxt Foundation believes that together Civic Tech and Nxt can form a successful strategic partnership to expand the uses of the Nxt blockchain technology, as well as secure funding for further research and development into blockchain/cryptocurrency based systems.

CivicTech has a strong background in urban development, and according to Katalin Gallyas, CivicTech founder: “Nxt offers a great mix of disruptive features that can be incorporated into the Smart City urban experience of the future: voting, funds control, value transfer. Blockchain can offer a lot to us and to our other projects across Europe.”

Download this PR here.

More good news

Damelon

legendary

Activity: 1092

Merit: 1010

The Nxt Foundation is proud to announce a strategic partnership with Civic Tech Amsterdam.

Nxt Foundation, one of the pioneers of the emerging blockchain industry, has formed an alliance with the internationally oriented Civic Tech, which specialises in technology business acceleration and international funding.

Civic Tech has worked with such institutions as the World Bank, the European Union's Horizon program and the Amsterdam IoT Living Lab.
The Nxt Foundation believes that together Civic Tech and Nxt can form a successful strategic partnership to expand the uses of the Nxt blockchain technology, as well as secure funding for further research and development into blockchain/cryptocurrency based systems.

CivicTech has a strong background in urban development, and according to Katalin Gallyas, CivicTech founder: “Nxt offers a great mix of disruptive features that can be incorporated into the Smart City urban experience of the future: voting, funds control, value transfer. Blockchain can offer a lot to us and to our other projects across Europe.”

Download this PR here.

farl4web

legendary

Activity: 1205

Merit: 1000

Quote from: moonfrog on May 24, 2016, 03:40:50 AM

Will there be actual BTC ICO crowdsale in NXT 2.0? If not, should I buy old NXT 1.0 for taking participation in NXT 2.0?

Yes, that's the best way to do it. Price is still very low. But looks like it's coming up hard:

https://nxtforum.org/general-discussion/price-speculation/msg217772/#msg217772

Damelon

legendary

Activity: 1092

Merit: 1010

Quote from: moonfrog on May 24, 2016, 03:40:50 AM

Will there be actual BTC ICO crowdsale in NXT 2.0? If not, should I buy old NXT 1.0 for taking participation in NXT 2.0?

FXT is only distributed to people holding Nxt, so the only way to get those tokens is by holding Nxt in your account during the snapshot phase (which starts when Nxt 1.9 is released and will run for about 3 months).
After the snapshot phase, everyone will receive FXT Assets, which can be traded freely. When the Nxt 2.0 Genesis block is created, FXT will be allocated based on FXT Asset balance.

FNX will be created in the Genesis block of Nxt 2.0. At the moment Nxt holders will get 50% FNX of their Nxt balance. The other 50% will be reserved for the devs, for instance to do an ICO with, or something else. As this is still one year in the future, the exact method of this is still being debated.

Damelon

legendary

Activity: 1092

Merit: 1010

Quote from: ozboom on May 24, 2016, 02:19:06 AM

FXT = Forging Xchange Token ?
FNX = Forging N*** X*** ?
I confess a profound dislike for acronyms...
Elon Musk hates them too, btw.

The acronyms are just placeholders for now and not final.
There is quite some support for a rebrand in the community, so this is being seriously considered.

moonfrog

sr. member

Activity: 341

Merit: 250

Will there be actual BTC ICO crowdsale in NXT 2.0? If not, should I buy old NXT 1.0 for taking participation in NXT 2.0?

fritzi

full member

Activity: 198

Merit: 100

Quote from: CryptKeeper on May 23, 2016, 05:04:49 PM

This is a clear vision for the future of Nxt!
That's the way we can go forward. What we need next is a new catchy name for Nxt 2.0! Cheesy

A major rebranding might help NXT get back on track.

ozboom

full member

Activity: 131

Merit: 103

FXT = Forging Xchange Token ?
FNX = Forging N*** X*** ?
I confess a profound dislike for acronyms...
Elon Musk hates them too, btw.

CryptKeeper

legendary

Activity: 2044

Merit: 1055

This is a clear vision for the future of Nxt!
That's the way we can go forward. What we need next is a new catchy name for Nxt 2.0! Cheesy

Attack.of.the.Clones

full member

Activity: 151

Merit: 100

Congratulations Jean-Luc & co.

The new roadmap looks awesome!

farl4web

legendary

Activity: 1205

Merit: 1000

Quote from: KLONE on May 23, 2016, 04:13:15 PM

Great news! I sense a come-back ....

You are not the only one. Grin

KLONE

sr. member

Activity: 264

Merit: 250

Great news! I sense a come-back ....

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Well it's really exciting to see so much development lately, we can surely exceed ETH's fake growth with real NXT growth.

Now it's just a question of time until big businesses start using NXT for asset issuing or altcoin issuing.

farl4web

legendary

Activity: 1205

Merit: 1000

Made a bit of artwork. Grin

https://nxtforum.org/core-development-announcements/announcing-nxt-2-0-roadmap/

https://nxtforum.org/core-development-announcements/nxt-2-0-overview/

Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 154. (Read 941285 times)