NXT was all mined, approximately 1,000,000,000 tokens, instantly.
They were then given to forum members deemed most influential or a friend of the developers, 50 people got ALL THE COINS instantly.
There is very little in liquidity, creating a false illusion of wealth, try to sell 500,000 NXT on cryptsy and see what happens to that price! On the other hand you could sell that much of Litecoin and the market for Litecoin would NOT hiccup!
NXT should be rightfully called out as the biggest insta-mine scam in the history of alt-coins. It is written in JAVA. It was kept CLOSED SOURCE to hide major flaws and security issues.
They keep promising features that then do not appear and claim features that do not really work. Have you tried to use their asset exchange? Not really functioning.
Should be renamed SHT or SCM.
--edit--
The OP has a quote of FrictionlessCoin in his sig!
Edit: Speech analysis says that it's another sockpuppet of FrictionlessCoin. How is his NEX btw?
I've not seen a thead this contrived and vehement in a while
Anyone interested in the truth can read it blow by blow in the original announcement thread here >>> https://bitcointalksearch.org/topic/ann-nxt-descendant-of-bitcoin-303898
Then come back and we can play spot the difference with the OP
*yawn*
But the best bit about repeating stale assertions is that you don't have to type much, just copy and paste