Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 77. (Read 941285 times)

That is big. Let us see Nxt rocket.

To answer Barabbas and all of these NXT fudsters, here you have news about NXT and its usage in real word:

https://twitter.com/AvdiuSazan/status/897148854814072834

And when and where can I exchange NXT for IGNIS

Makes a lot of sense.


Here's my understanding of the situation:
a/ If you wait for the snapshot, then for 1 NXT you will get 1/2 IGNIS.
b/ Now, during the ICO, for 1NXT you get 2 IGNIS (1 if you are late), something around 4 times more than the snapshot

Now...let's factor ARDR in the equation: I also expect that ARDR and IGNIS will be worth about the same.
Today, if you sell your NXT for ARDR on exchanges, you get 1:1 ratio (if you trade smart..., they are roughly at the same price).


Hence, the best solutions for your NXT are today:
1- the ICO (x2 IGNIS per NXT)
But you need the client etc... and it is unclear how to participate. Moreover, some recent events don't argue in the favor of participating to the ICO (at least for most of the people, the spart-techs will make it happen)

2- Exchanges (x1)
3- Snapshot (x0.5)

1st conclusion: NXT value is bound to drop significantly in the future due to this game of attrition. I believe that it will be divided by 2 before the snapshot happens (markets will anticipate).

I've just made a little calculation how much could NXT be worth at the end of the ICO period and before the snapshot. It depends largely on the market cap the users think the Ardor platform will have.

The formula is: NXT value at snapshot = expected combined market cap / 1 billion / 4 (Explanation below)

If you think Ardor will be tha nu big kid on da block and have 1 billion USD market cap, then the NXT price is now seriously under-valued, because 1 bn / 1 bn / 4 = 0,25, what will be the expected price before the snapshot.

If you think 250 million (a little bit more than the present market cap of NXT+ARDR) is basically what can be expected, then the expected NXT price before the snapshot is about 6 cents  - 40% below the market price.

If you think, like our loved ultra-bull barrabas , that Ardor will have a 50 million market cap, then the price before the snapshot can be expected at 1,25 cents.

Explanation: The calculation is actually pretty easy. I expect that ARDR and IGNIS will be worth about the same, at the beginning of Ardor's existence, because ARDR should tend to a price equivalent to the value of all child-chains combined (it is their backbone, so it should not be worth less long-term) and other child-chains are all IOUs and so much less relevant. So the formula above results from the market cap divided in 2 (ARDR and IGNIS), then divided into a billion tokens each, and finally divided by 2, because at the snapshot you will get 1 IGNIS for 2 NXT while the rest is distributed at the ICO or hold by Jelurida.

IGNIS have a lot of future

Thank you for asking me this important question.
I think, that their ICO is one such system. There is detailed discusion to this topic on this portal already and I am certainly not an expert for this, but I must say, that it has rather complicated structure of risks and abundant hierarchy of dilemmas to consider (something like home work for children from genius kids academy - pun intended). IMHO, this creates unneeded price fluctuations and precisely these fluctuations I called "screwing investors".
I even had to struggle with my impression (while seeing my investment going down), that they were surprised with success of their project and subsequently they attracted chronic second thoughts about sizing their own future stakes in this project, so they never stop making some pretty sophisticated and deep-reaching updates in their project to this goal. I see this feverous creative activity even in the colorful name Jelurida.
Can you (or anyone else) help me to avoid such stupid suspicions?
Again, this was (is) all noob question.
Thank you very much in advance.

What complex systems for screwing up investors are about? I also want to know.

people who didn't get tokens are selling. before the next round starts the same people will buy in again.

Let me ask a noob question: Any new comments on sinking nxt price and expectations?
My current view is, that devs are quite capable of creating very complex and effective systems, but not only software systems, but also systems for screwing up their investors.
Am i wrong?
Thanks.
 

I bought a good amount if nxt in the dip, probably the best investment to make during this period, like last Time when nxt has been the fastest to recouvert to +6k. Even better for those who want ignis

NSC payouts #42.

Some TLDR on Ignis ICO stage 1 by devs: https://nxtforum.org/index.php?topic=14023.0

NXT and ARDR remain both above $0.11... which, if you ask me, amounts to a ridiculously high valuation. 4-5 cents TOGETHER, would be about fair... And that's even giving the project a false "value" considering that money is pouring into shitcoin valley like it's going out of fashion, otherwise they would be fairly valued at 1 cent each.

If that.

Oh, in case you are still in doubt (sarcasm, because you are all so deluded it isn't funny), please read the news out today about Microsoft implementing child chains on Ethereum... FOR REAL, unlike the IGNIS et all project here that will NEVER, EVER be used in the real world by any seriously worried about security organization. So yeah, fair value of the whole project, much less of what the team already owns. That means all of you that are not part of it, well...

Not so fast. ICO is just begun....
Everytime BTC pumping Alts are down.

A very interesting project, it looks very good and I wonder why isn't very popular 

NXT .. Team are dumping 25Miln collected NXT during ICO to the market.. Hell

My vision:
NXT team should sell childchains on public auctions and buy back Ardor coins with the revenue.

Bad reputation of this coin !

Another uninformed fudder