Janus breaks the silence

bjorn_bb:

You will want to keep an eye on both the thread and primary Janus twitter account over the next 12-24 hours. It’s not something any JNS holder or future coin holder should miss. Some of you already know when Luis and I are quiet we are busy and although it’s not fully complete it’s at the point where we can show the beginning of it.

Our developers are still working on 2 sites one of which is Trademimic.com. This is something we’ve always wanted to start but did not have the partners in the industry until we reached out to them in July. This new business although young has great potential and is the reason for my absence and silence recently.

Video and pics will be part of it and Luis has added some personal touch to showcasing the announcement. Don’t miss it everyone  CoolCool

Join the other 3,100 users in the #Janusproject slack for more current week to week information in the future.

Source: https://bitcointalk.org/index.php?topic=1677509.msg22257057#msg22257057

bjorn adds, on nxtchat.slack #janustoken:

Thank you everyone in advance for your patience.

Some of you already know when Luis and I are quiet we are busy and although it’s not fully complete it’s at the point where we can show the beginning of it. Our developers are still working on 2 sites one of which is Trademimic, this is something we’ve always wanted to start but did not have the partners in the industry until I reached out to them in July.

This new business although young has great potential and is the reason for my absence and silence for these months. Video and pics will be part of it and @ascendus (Luis) has added some personal touch to showcasing the announcement.

Keep in mind this is only the beginning but we feel its easier to show you so you can see how big it will grow in the next 2 months. I have confirmation from 2 partners and deals struck with building lease manager to expand, anyway thats all, you will just have to be here and on twitter/bitcointalk so it makes sense.

Under the Knife #1: Janus token

Janus

On November 09, 2016, 11:57:13 pm, Janus joined in the Nxt and BTC sphere by announcing their ICO on Nxtforum and Bitcointalk.org. Up for sale were Janustokens, which are tokens that will represent revenue shares in Janus, a (soon to be legally registered) software and services company which plans on launching multiple businesses. The industries targeted are done so specifically for maximum revenue with the lowest market share.

The Janus project is being launched by veteran blockchain enthusiasts with the aim of bootstrapping a number of initiatives under the umbrella of a parent company. As with any business, the goal of these initiatives is to become profitable and pay investors regular profit shares which exceed market rates of return on invested capital.

Our vision is to create a software and services company which utilizes a common technology platform to rapidly implement distinctly branded projects targeting a number of carefully selected markets. We believe that this approach will allow us to decrease development costs and increase product quality which will enable us to establish successful businesses and generate substantial profits which will then be shared with the Janus token holders.

From the Janus whitepaper

The janustoken.com site takes investments paid with BTC, NXT, and most altcoins (via Shapeshift). The tokens are issued on the Nxt blockchain and will be distributed to investors after the ICO. Dividends will be sent to investors via the well-tested Nxt dividend mechanism, in BTC, and directly into each investor’s BTC wallets.

The countdown, profit sharing plan, roadmap, time line, and income generation business model, can all be found on the website and in the Janus white paper. Nxt Foundation acts as escrow, investors which contribute and hold the equivalent of more than 50BTC Janus tokens, will receive a seat on a Janus ‘Advisory Board’.

What can actually go wrong?

Nxt and the cryptocurrency scene have seen many sellers jump into our forums, promising “moon” and good ROI, and, I’m sorry to say, but we have a damn good reason to be reluctant. We’ve been victims of numerous scams. We’ve funded some of those good pitches and seen our money vanish.

Under the knife

Janus coming out of the blue like a ninja, suddenly being all over the place, pitching, praising Nxt, posting walls of text and asking for funding, but without revealing much detail about their business models, could be either backed by relevant enthusiasm, good marketing, and natural protectionism of their unique business ideas, but on the other hand, it could also turn out to be nothing but “used car seller” tricks.

That’s what I told Bjorn, the Director of Marketing of Janus, when I contacted him on nxtchat.slack, in their #janustoken channel, and proposed this interview, my first in a series of asset issuer interrogations. Bjorn agreed to do the interview and, after reading the questions, decided to let lobos, Janus’ director of technology, Robert Gasch, join in the conversation as well.

Here’s the result.

ae-knifed

Q & A

Anonymous

Q: Bjorn, you have chosen to be anonymous. Why?

Bjorn: Due to current employment and the country I live in, I’ll be anonymous until Q2 2017.

I gave my passport to the Nxt Foundation though, that’s not a public fact but I’ll tell you that its encrypted and they have it.

Q: Who did you send it to?

Bjorn: evildave

Ad1: Dave Pearce, Nxt Foundation Board Member, has confirmed to me that he received a passport scan from Bjorn. I quote: “I can’t guarantee with 100% accuracy that it’s genuine, obviously, but we have also checked and confirmed the IDs of Robert and Luis, and they are genuine. Robert and Luis both know Bjorn in real life, so if something goes wrong, they will also be able to track Bjorn down.” 

Q: You’ve promised anonymity to tokenholders, yet Janus will become a registered company in Q1 2017, according to your roadmap. You have sought advice from “some legal experts”, you say, but “the finer details are still to be investigated”.

Why would any government allow you to pay out dividends to anons?

Bjorn: As a company most governments would not. To cover the majority of countries we are proposing to handle this in a way to reduce the generally imposed KYC that a company direct profit sharing would demand. For Janus token holders, the net profit will be distributed by one of the company co-owners as an individual and not as the company itself to allow those receiving profit sharing to retain anonymity.

Lobos: After deliberation with the lawyers we asked, we would lean towards the option of transferring the profits which are to be paid out to a company executive who would then distribute them using blockchain technology, as a person. This would sidestep the issue of the company directly performing this profit distribution but also shift legal responsibility to the designated executive. (the last word on this subject has not been spoken yet; it turns out that this is a much more complicated question than we originally anticipated which also depends on the jurisdiction in which the company is formed).

Q: You are working in the grey zone, I guess we can agree on that. What happens if regulations kick in?

Lobos: If and when regulations kick in which make the above proposed (and any other reasonable) method impossible, we would at this point lean towards a buyback program.

Q: A scenario could be that you would have to ask asset holders to give you their personal information. Message tokenholders via the blockchain and give them the choice to either hand over their personal details to you or sell their tokens (buyback option/sell on market). Then re-issue the Janustoken, on an Ardor KYC child chain in Q3 (if available by then) and distribute this new token to those who registered.

Bjorn: If this becomes an available choice, and doesn’t impede the distribution of profit sharing it can be altered to accommodate KYC, yes. The buyback could very well be the easiest route in the event of severe legal implications.

lobos: As a matter of fact, we believe that a buyback could be structured in such a way that it would take the place of the profit sharing.

Q: The thing here is, it’s not only your ability to launch grow and run a business we have to trust with our money. It’s a promise that you can run a registered business and we can be anonymous investors. Would you close the business or ask us to provide our personal info if forced to make the choice?

Bjorn: We would find an alternate method, more than likely what was proposed above and allow buyback options for Janus holders. There is always a way to protect users as long as everyone is willing to take the extra steps with us to do so.

Backstory: Betterbets.io

betterbets-site

Q: I have sent a message to Luis and Robert on LinkedIn, asking them to confirm that they’re related to Janustoken and BetterBets.io, because they don’t mention it on their LinkedIn CV’s. Also, BetterBets’s “About Us” page does not mention any of you. Can you prove that the betterbets site is yours? In some cases, when new asset issuers have wanted to provide proof of their identity, they’ve made a small change to their existing website, for example the “About Us”-page. Could you do that?

Bjorn: Yes we can. (it’s now added as of 5 minutes ago) Bottom right of the BetterBets.io landing page links directly to the Janus sale site and we have added this to the BetterBets about us page as you suggested.

Ad2: I have received a DM from Robert and Luis via LinkedIn and they confirm their active involvement with BetterBets and the Janus project. 

Q: You’ve said that BetterBets is in the top 5 of BTC dice/casino sites. When googling betterbets, I haven’t found you on any top list. I found a 5/5 review though, with a referral link to your site.

Bjorn: The google search would reveal paid ratings sites, we go by verifiable volume which is done by third parties such as www.dicesites.com. This site is and has been for years a true bitcoiner’s source for real casino data and provably fair thats been tested by the industry leaders who invented the methods used to calculate the provably fair methods used today. It’s an unpaid source and created by forum user NLnico who has been a long time community member to uphold security and proper business practices. He’s even done security work for Bitcointalk owner Theymos so this is not taken lightly when he approves a site for admission. The true top 5 sites changes often, one week we are #2 the next #7, the next #3 the next #10. This does vary but strictly averaged BetterBets is top 5.

Lobos: If you factor the volume we processed on Bettebets (68k BTC) and take into account the fact that we only launched approx. 18 months ago, you will see that we have been quite successful when compared to some of the casinos which have been around for years.

Q: Please elaborate on your success. You’ve moved around 47M dollars?

Bjorn: This is correct at this date BetterBets has achieved : 68806.33 BTC in betting volume since opening in May 2015. This site (thebitcoinstrip.com) isn’t completely current but gives some backstory as well.

Q: You’ve said that betterbets is a model of how the Janus project(s) will work (Janus will be a conglomerate of course, so there will be multiple companies, not just one, earning profits to Janus investors). Relevant to this (and to back you with trust), you’ve brought some of BetterBet’s early investors into the Nxtchat.slack.

Bjorn: The stakeholder program we created was actually 40 total spots not 20 (I may have misspoke in chat) and investors were able to purchase each spot for 5 BTC apiece (200 BTC total). One group close to us purchased half (20 spots) to secure their portion of the revenue from BetterBets. This investment and profit sharing will end in Q1 2018 as we have stated to all stakeholders.

Q: In the crypto investment space we’re used to new people dumping into IPO and ICO threads. They come with no backstory, yet they are all happy to buy into the project. Wouldn’t miss this opportunity for anything in the world. In other words, they are sockpuppets, accounts created to pump the ICO.

I’m not saying that @merk, @ropes, @kushed, @l3gionario, @bitcoinpot and others are sock puppets. But noone cares to ask them any questions. Why? Look at this:

You write that your investment offering to betterbets investors was minimum 5 BTC per slot, 20 slots in all. They sold out in 6 weeks.

bjorn_bb [9:37 PM]
now they are here and investing in Janus haha
it’s been a positive experience”

bitcoinpot [12:26 PM]
Hey there everybody, am here thanks to Janus team …being one of their stakeholders at BetterBets.io project consider myself lucky for having the opportunity to fill one of their stakeholders position avaliable already received back ( always on time – 1 day of the month) more than 50% of my initial investiment after 7 months of dividend sand I have still 17 months ahead

Q: Taking your word for it, 200 BTC was invested in betterbets within 6 weeks and everyone is on track to a full ROI in 4-6 months. Now, today with 1 day left of the 8% early investor bonus period for Janus, a total of 16.8 BTC has been raised, including NXT investments and new BTC investors.

I can ask the aliases in Nxtchat why they haven’t invested (more?) yet, but do you have thoughts about this issue yourself?

Bjorn: The only thing I can think of as to why some have not invested is really because we didn’t push investment into Janus on them, we showed them the details, the project and gave them insight as to what was coming but I didn’t direct sell it to any of them. My goal was to see if they had interest based on what we made public and decide for themselves. If I were to speculate I’d say some may not be in a position financially to invest, or are waiting until further into the token sale. Some previous stakeholders have invested. One is currently the largest investor in Janus up to this date. It’s impossible though to state exactly why, however, some of them are very busy or private and rarely even make contact as we have run a tight investment, and they probably never feel the need to enter the private slack we made available to them.

Lobos: Some of our investors are quite private and hardly communicate with us. I think the general feeling for Janus is that a lot of people are sitting on the fence waiting to see how it develops (less in terms of the token sale itself, but with regards to how we are able to communicate the story and whether we are able to hold up to the scrutiny which has been coming out way). Also, with the token sale having a set time limit (and for now not being in any danger of being sold out) there is no rush for them to dive in. From a personal perspective, I can say that I’ve never been a fan of diving into an ICO early on).

bct-betterbets

Source: https://bitcointalk.org/index.php?topic=1677509.msg17008011#msg17008011

Nxt vs BTC dividends

UPDATED: Due to a recent change of plans in Janus’ ICO and token distribution method (as announced on December 5th, 2016) some of the Q & A’s below are outdated. I have striked out the irrelevant parts.

TL;DR: Keep your Janus tokens in a local Nxt account at the time dividends are sent. Dividends will (for now) be paid in NXT. You can read more about this and get the latest Janus insights here

Q: The Janus token is issued on the Nxt Asset Exchange (AE) and you will use the dividend mechanism for distribution of BTC (not SuperBTC) to BTC accounts. Can you elaborate on this?

Bjorn: Janus exists on Nxt as a token and will be publicly traded on both the AE and traditional centralized exchanges. We have contacts in some exchanges and hope more will become available in time to allow greater platform trading. The method for receiving profit sharing will actually be executed outside the dividends feature, we will convert the Janus token site to allow all Janus holders present and future to create an account then input a BTC and their Janus/Nxt account addresses to receive their portion of profit sharing. It will be a simple verification of their Janus balance then sending BTC to the address users provide based on Janus amount owned. 

Q: Have to wrap my head around this; so only tokens which are held in a local Nxt wallet at the time of the verification snapshots and which have also been registered on the Janus site (to connect the Nxt account ID with a BTC address), will receive dividends. Token holders with Janus tokens on central exchanges (and Janus tokens bought on the Nxt AE but not registered on the Janus website) will not receive dividends. NOTE that the centralised exchanges could register their Janus token Nxt account on your website too and the exchange would receive the dividends.

Bjorn: Correct anyone who chooses to purchase Janus and also wishes to receive dividends needs to register their account on our site and add a receiving BTC address, this does mean that anyone, exchanges included could do this. I have a feeling that in the event we get on larger exchanges they would be willing to credit user accounts the BTC from profit sharing out of fairness. I’m also sure some smaller exchanges would keep it for themselves, unless their users demand they credit traders accounts.

In my humble opinion if profit sharing is significant people will have no issue using this method to reap the rewards of our work.

Q: Would Janus keep the dividends for non-registered token holders or pay all dividends to the registered token holders at the time of the snapshot?

Bjorn: We will pay all dividends out to those registered with Janus account and BTC address at the time of the snapshot.

Q: You’ve mentioned that the Janus token may be incorporated into some of your future sites. Can you elaborate on this?

Bjorn: One method to incorporate Janus on some of our sites will be similar to using a rewards model. Without a user having to understand anything technologically about blockchains, it’s very easy to allow ‘reward token’ (which would in fact be Janus tokens) to be used to redeem or send to other users on specific sites we are launching.

The main focus when our team enables features of this nature is to reduce any of the thinking associated with new technology, the way it will be used may not even indicate that it is a Janus token by name, although the underlying fact is that it will be Janus and using Nxt/Ardor blockchain for accounting.

Final Round: The FUD

dont_panic_button

Q: NXT price goes down. Will my Janus tokens lose value?

Bjorn: Our speculative answer is no, Janus derives nearly all its value from our business sites (and announcements of), therefore it is almost independent of any platform in regards to inherent value.

Q: Nxt Foundation gets 5% for acting as escrows. When will they release the funds?

Bjorn: The Nxt Foundation will release funds when all Janus tokens have been credited to the accounts from all participating people in the token sale and all bounties and associated rewards have been paid to participants.

Q: If they release funds after you’ve distributed the tokens to investors, how does this guarantee that you won’t run away with the funds? The AE token cost you 1000 NXT to issue, it would make you a very decent ROI.

Bjorn: We only have our reputations and word to guarantee this, we have a running blockchain based business that people depend on currently to do well, it could be used as leverage were we to run away. Also our core team for Janus 2 of 3 are now public, and Robert is co-owner of everything we do.

Lobos: I have been a professional software developer for 25 years and have worked on quite a number of enterprise-grade and mission critical projects. My work record is impeccable and no matter what happens to the token sale, I intend to emerge with my reputation intact; if for some reason this won’t be the case, it will severely impact my future employment prospects which is not something I am willing to risk.

Q: Nxt is controlled by a dictator doing hardfork attacks all the time. It’s a proven fact. What will you do when Nxt API changes and your services break?

Bjorn: Hypothetical question?

apenzl: FUD.

Bjorn: Our primary goal for all holders of Janus is security and longevity with the means to track users tokens held to deliver proper profit sharing percentages. We will adapt or use any platform necessary to carry this out, Nxt was chosen specifically for it’s secure and proven track record though. Janus will adapt if needed to any threats.

Lobos: One of the reasons we are donating 5% of token sale proceeds is that we wish to help put the Nxt foundation into a position which will enable it to continue the stewardship of the Nxt blockchain and its associated technologies.

Q: It isn’t guaranteed that Ardor will launch. Might be vaporware. Are you going to stick with old Nxt when Ardor doesn’t happen but other fancy fast scalable blockchain 3.0 solutions launch?

Bjorn: The best part of Janus is really the fact that platform choice is more of a convenience than mandatory, profit sharing is delivered in Bitcoin, and using Nxt currently to track Janus tokens per account. If at any point a new method to track distribution of Janus owned is needed, we will make this happen, even if it means launching our own private blockchain. We personally hope this never happens, because one of the great things about Nxt/Ardor is the developers and foundation. They put so much of their time and lives into the Nxt platform, thus allowing groups like the Janus team to focus on the use of their hard work and efforts. Our team believes in using the tools available to achieve success, this is why our focus is on business and not trying to advance a technology that’s already a decade ahead of mainstream adoption.

Lobos: We can only re-iterate that Janus is not a blockchain technology play but a business play. The underlying blockchain technology is actually quite irrelevant to us as long as it is actively maintained and supported. NXT has an impressive track record in this regard which is the primary reason why we chose it as technology base for Janus.

Q: Look at the Waves ICO. No code but pretty pix and promises at the time. It made them 16M USD equivalent. People like GUIs. It’s the same with Komodo. grewal posts screenshots of an easyDEX GUI and the crowd goes wild. Could we ask Janus for something to look at? A screenshot of the GUI from one of your promising projects. You plan to launch a business in Q2, you must have something. As long as it doesn’t give away some “secret”, could we have a look?

Bjorn: Yes, and we plan to show at the bare minimum, some of the things our framework for sites to come looks like. Including projects already using some of this in the wild now.

Lobos: Having been a software engineer for 25 years, I can not stand to simply push out code which just happens to work and is a complete mess. As such, one of the things I have done is to develop a framework which allows for a modular codebase and avoids the mess that monolithic codebases tend to become over time. The first public site implementation based upon this framework is actually the Janustoken.com site.

In addition to this, I have developed and own the copyright to code which can be used to implement Realty and eCommerce sites. This code has been implemented over the course of many years and has evolved to handle complex business logic while retaining its flexibility. Unfortunately the code has been written for a legacy architecture and needs to be refactored to properly fit into our new framework, but refactoring a codebase is many times easier than writing one from scratch, especially so if you can preserve the business logic which has evolved over the course of many implementations.

As a final point: over the past three to four years I have mostly been busy working on contract basis, mostly utilizing proprietary frameworks for large-scale customers. I can point to sites such as https://ice.com , http://vulkan.com, https://www.worldshop.eu and many others that I’ve helped implement. The most active site running an ancient version of my realty package is http://www.lrossa.com, a major booking engine for the region of Istra in Croatia.

Ad3: I have checked to my satisfaction that lobos (Robert) has been involved with the development of the sites mentioned above.


JANUS UPDATE:

ICO “CANCELLED” –
JANUS IS TRADING ON THE NXT AE

December 5, 2016

On December 5th, the Janus Team decided to stop the ICO and return all funds raised to their investors. Read details about the refund HERE.

Bjorn_bb writes:

The pace of the original sale was not going to reach 3500 BTC as was required to allow for such high revenue dividends, therefore we took a decisive course to allow investment directly here: https://www.mynxt.info/asset/4348103880042995903

Details:

[ICO] Janus on the Nxt AE

UPDATE 2:

Dividends are being paid monthly, 90% $NXT from BetterBets.io | 10% $ETC from https://etcbets.com, and their planned businesses are being built, the roadmap is being followed.

Latest updates:
https://nxter.org/ae-janus-4348103880042995903

Website: https://janustoken.com/
Bitcointalk: https://bitcointalk.org/index.php?topic=1677509.0


Disclaimer: This post is for general information and news purposes only. It does not take into account the reader’s personal circumstances, objectives, or attitude towards risk. It is not (and is not intended to be) any form of advice, recommendation, representation, or endorsement by the author or the website owner and should not be relied upon when making (or refraining from making) any investment decision.

Nxt assets “Under the Knife”

To date, almost 800+ assets have been issued on the Nxt Asset Exchange (AE) since it was launched less than 3 years ago, as the first implementation of the coloured coin concept in crypto.

Some assets have gained magnificent market cap, in some periods even outperforming its reference currency, NXT. While others have been issued as experiments and some have, unfortunately, been scams.

The Nxt AE has been running secure and stable during all this time and continues to impress issuers and users with its advanced built-in features. In the Nxt Client, you can easily search for assets by their unique asset ID – but how can you find these IDs? You can trawl through asset threads on nxtforum.org or you can check an asset list on a Nxt Blockchain explorer.

That’s it. Because to this date, we have not had any service or central hub dedicated to rating, describing, or warning against fake assets.

How to find the good assets?

On the AE there’s no built-in hand holding. No regulation, no government protection, as it’s a 100% decentralised global asset market. There is no built-in KYC registration (such can be implemented on Ardor child chains), so investments and trades made on the AE are based on whether you trust the issuer / business or not.

Do your due diligence. Investigate. Ask questions to the issuer.

Experienced AE traders know this. Asset issuers should be aware of it too and go a long way to provide details and quality answers to their potential backers. But, let’s be honest, more than a few asset issuers got shocked by the community’s “guilty until proven trustworthy” approach, felt attacked, and ran off from NxtForum, after going in there full of energy and ideas, pitching their most promising project in an [ANN] thread, combined with a well-prepared business model (or not!), and possibly even a 100% working product to give ROI to their investors – if only they’ll back the startup.

While some campaigners may have only spent minutes on writing their pitch (and, thus, will be ignored), others have worked hard for months, or even years, on their business idea or software before finally seeking funds.

In both cases, the campaigners will be questioned, thoroughly, about their personal backstory as well as their business plan and product or service offering. If there are obvious holes in the issuers’ plans, it will show, and critical questions, and thus, judgement from the masses might not always come out politely in such cases. Wise asset issuers / campaigners thank the community for the free consultation and up their game and announce the necessary changes to the plan. Or, they defend their plan because it’s well thought through and fine. Campaigners would know if such a response was successful or not through the follow-up feedback from the community.

Either way, the process is tough on issuers. Some feel confident, others humiliated or trolled. Some give good answers while others can’t handle the stress and finally answer back aggressively. Unfortunately, then they lose out.

This is bad for investors. Not if the asset was a scam, of course, but unfortunately it isn’t always so.

So back to the question: how to pick the good assets – and avoid the bad?

[ANN] Nxt Assets “Under the Knife”

ae-knifed

In a new interview series hosted on Nxter.org, I will approach asset issuers with questions that are relevant to AE investors. I won’t be soft. Thus the title for the article series: “Under the Knife”.

Issuers will get an opportunity to read the article before it gets published. This is to give them a chance to make changes to their approach instead of having potential flaws revealed out in the open, on the oh-so-never-forgetting internet (who wants a “scam” post connected to their new great business name on Google search results?). Asset issuers can refuse to make an interview, but they can also ask for one to be made.

If an asset issuer decides to sponsor an article in the series, they won’t be guaranteed any recommendation. It can only be guaranteed that we’ll do our independent research and due diligence and publish it, which may turn out to their advantage – or their disadvantage. No asset sales are guaranteed.

Why?

Nxter.org works independently, yes, we’re a rare case. We’ve proven more than once that we can’t be bought. We exist to provide readers and investors with non-biased information. With this approach, we also give issuers a more seriously researched article, to which they can point both forum trolls and interested investors, instead of wasting time on answering the same more or less relevant questions over and over again in different chat rooms, private messages, and forums.

There are too many scam ICOs in the world of cryptocurrency but there are also too many hidden opportunities on the AE. The current situation is bad for investors and bad for crowdfunders as well, so let’s try to give both parties a helping hand. If you’re interested in helping, please contact us. In parallel with the interview series, we are building the nxter.org/assethub. More info about that will be available asap.

Who’ll get cut?

Time will tell. The first interview has been made with the Janus project. It felt natural, as they are currently hosting an ICO. Janus is a start-up business conglomerate that will be using the Nxt dividend feature to distribute BTC dividends, and may also implement their Nxt AE Janus token in some of their businesses…. or so they say. Check nxter.org tomorrow and read the first “Under the Knife” asset issuer interview.

Related posts:
Under the Knife #1: The Janustoken

You can subscribe to the Nxter News list, if you want the interview sent to your mailbox.

The ARDR token is trading!

Today, on October 13th, at block height 1000000, or 42 days before the Nxt blockchain’s 3rd birthday, the Nxt 1.0 -> Nxt 2.0 snapshot period came to an end, and 998.999.495 ARDR assets were automatically distributed to all accounts which had held any amount of NXT since the first snapshot was taken 3 months ago.

For every 1 NXT which has stayed in your account since the first snapshot, you’ve received 1 ARDR asset. If you’ve been a NXT hodler for half the period, you’ve received 0,5 ARDR per NXT. (For information about the distribution model read this)

This is the ONLY official Ardor asset:


Live feed from the Nxt AE

NXT and ARDR on exchanges

UPDATE

ARDR < > BTC markets:
https://hitbtc.com/exchange/ARDR-to-BTC
https://bittrex.com/Market/Index?MarketName=BTC-ARDR

Poloniex has distributed ARDR. We’re waiting for them to open a market.

ARDR Marketcap: http://coinmarketcap.com/currencies/ardor/

ARDR assets have been distributed to all NXT-holding accounts on participating centralised exchanges and now need to be distributed among the exchanges’ customers.

The Nxt team writes:

The distribution method used will depend on each respective exchange’s internal architecture, so the Nxt team and community can’t provide a universal solution for Ardor distribution within exchanges.

Poloniex, Bittrex, HitBTC, BTC38, etc., must be contacted directly by their customers for more information about their distribution method, if you haven’t yet received your ARDR.

HitBTC was the first centralised exchange to open a BTC < > ARDR market, but more exchanges are expected to follow soon. As most NXT-exchanges have active Nxt asset markets going too, it will be very easy for them to add ARDR.

Next snapshot – IGNIS

One snapshot remains – if you want to get full value for your NXT.

Ignis will be the first child chain, which is guaranteed to get launched on the Ardor platform. In Nxt 2.0, Ardor is the token used for creating consensus and Ignis will be the first transactional token. It will be created at the Ardor Genesis block. Free Ignis tokens will be distributed with a ratio of at least 1:0.5 to all NXT-holders at Genesis. A last snapshot of the Nxt blockchain will be taken just before that, so Ignis can launch together with Ardor.

Ignis will inherit all the current Nxt core features, but will be have others added and be further developed by the Nxt development team. The snapshot will be taken in Q3 2017.

And the unparalleled Nxt platform?

Nxt will continue, and be supported, by the Nxt core devs.

As the Nxt core developers wrote, in a Q&A session a few days ago:

riker
NXT promoted Jelurida and Jelurida will promote NXT.

jean-luc
There will be small businesses and end users who don’t need, or can’t afford, a private blockchain. Those will continue using Nxt, or start a child chain on Ardor.

riker
We can use the funds we receive from private chains to promote the development of the public chain which will in turn provide marketing and public relation for NXT/Ardor and bring us more private chain business.

ipsec [9:08 PM]
Now its very risky to invest NXT and ADROR…..because after 13 price of NXT will down

jean-luc [9:09 PM]
Everybody expecting a dump after 13th… then everybody would sell before 13th
my guess is, the dump has already happened, but then I am not a trader.
If you dump, what else would you buy that has better “incentive structure”?

And that’s the case. If Nxt is not the platform to start coding your new Ardor Nxt 2.0 projects on, then which?

With the Nxt Foundation marketing it, with an educational book about Nxt 1.0 coming out soon, with businesses rushing in to get into the best blockchain tech before the technology itself disrupts them…. will it be wise to sell NXT?

Jean-Luc:

We have projects using the public Nxt blockchain which will need to be supported for at least the next 2 years and probably longer. We’re also in the process of bringing in more core devs for Nxt as well as for Ardor, with the aim of establishing 2 semi-independent core dev teams.

There has been lot of public FUD and confusion about all of this, so I hope this clears up any questions or doubts that you may have about the future plans for Nxt and Ardor.

In doubt? Get involved.

Join nxtforum.org or the Nxtchat Slack channel:

DeBuNe is currently looking for extra developers to join their distributed team. m19: “We are creating our own custom version of NXT/Ardor and some of the changes you make might even end up in the core, we are in no way competing with them but instead actively supporting it.

https://nxtchat.slack.com/messages/job-offers/mentions/

LQD asset CEO libertynow [2:37 AM]: “If NXT goes below the Oct 4 bottom at 1667 I’ll start getting worried. well, not really. i don’t care that much. I can just use the NXT for divs if I really need to”.

You might also want to read: The Nxt Asset Exchange Tutorial

Congrats with your ARDR assets. Exchanges are open. The future will not be centralised. It will be you.

SuperNET API testers and bounties!

I had a long chat with James/jl777, felt a need to ask some questions on behalf of Nxt + SN investors.

The interview is being edited atm and will be posted on NXTER.ORG, then translated and spread all around.
We all need to take into account the consequences of the SN-NXT break-up and talk to each other again. Both projects are important, IMO.

I’ll post some of our talk here. Do act on it. :)

——

apenzl
It must be hard to prioritise what capabilities of SN you should work on.

jl777
not really. i prioritize by what has a tester ready to test
simple as that
it is 10x more efficient for me to work on something with an active tester so I get feedback right away, instead of months later (or never)
(…)

I was planning to do an active tradebot for the SuperBTC market
but not sure if NXT people’s will use it
they could use it via AE, just by using AE

apenzl
I think they will. SuperBTC is getting more and more attention, some asset issuers started using it for dividends too.

jl777
the tradebots accumulate a way to specify some long term action
you would be able to say buy 10,000 NXT at anything lower than .000025 over next week
and it will keep checking the orderbook and submitting orders when it sees it can do this
this is what I am testing this weekend and will use this to create a SuperBTC market in the AE

CALL FOR TESTERS

jl777
Responsive API testers are what is needed the most
people dont realize that testing takes a lot of time and effort and right now guess who is having to do all that testing?
and the testing doesnt require coding, just common sense
if you can fill out a form from the API page, you can test the API

apenzl
Just the word “API” scares most non-coders.

jl777
ok “web form testers” then
it is a web form

apenzl
Haha, such re-wording might actually work

jl777
all the fields are there, fill them out, click the button
then the hard part is to interpret the results…
but no coding, all via web page form

apenzl
Good. Let’s try to get people involved in filling out web forms then.

jl777
We have funds to pay testers
but nobody steps forward
I just think very few are technical at all and most just want to have things magically work

Nxters interested in testing, please go to > supernet.slack #iguana
http://slackinvite.supernet.org/

1 BTC NXT PLUGIN BOUNTY

jl777
now one thing that a NXT plugin dev could do is see if iguana will run as a NXT plugin
if so, then it will mean iguana can become a NXT plugin
since it is html theoretically it can, but it is nonstandard and I fear asking the NXT core devs as they will probably say that is improper usage of NXT plugins (…).

Interested? > supernet.slack #iguana

Join sn slack here: http://slackinvite.supernet.org/

1 BTC NXT exchange support bounty  [See update* below]

[Also,]
if some NXT dev wants to help, then he can make a NXT exchange support by coding the exchange specific file for NXT

I used to have all the NXT stuff direct in the main code, so I never needed a NXT exchange module
it is about 300 lines of code for most exchanges

those are two very specific things that would be massively accelerated if some NXTer would step up

the latter I can always do in a day or so, but which day, that is the question
the former is outside my expertise. maybe it is easy or impossible, have no idea

apenzl
Bounties available?

jl777
of course
1 BTC worth for either of those

but I might just end up doing the NXT exchange module myself as part of the market makers
so they need to check to see if it is already done or not

UPDATE*

jl777today:
i made the nxtae exchange support in iguana.

This post was originally posted on nxtforum.org.

Join the discussion here:
https://nxtforum.org/general-discussion/nxt-and-supernet-api-testers-and-bounties/

SAE pulls the plug – what are the alternatives?

The Secure Asset Exchange (SAE) website has been a rabbit hole to the Nxt Asset Exchange for many people, as a secure web client which allowed you to trade on AE without downloading the full NRS Client. SAE has now decided to close its services.

If you are using SAE, you will now have to choose a different approach to AE trading.

SAE writes:

Due to recent increases in maintenance costs and the limited resources/time of any startup that needs to prioritize its initiatives, Secure Asset Exchange will no longer be available as of January 21st, 2016 (NXT block 621,000); please plan accordingly.

We are deeply grateful to all of our users and supporters up to this point and look forward to focusing our energy on making the next generation of great blockchain-based applications, which our now global society can truly benefit from.

Your ability to use your NXT or any of your assets will not be affected by our availability because your account and all of its assets can be accessed through the official NXT client.

To access your account using the password created on trade.secureae.com, simply combine your username with your secret phrase, with no spaces between the two; this will create the password to your NXT account for the official client.

For example, if your username is “joe” and your secret phrase is “joe likes coffee” then your account’s password for the official NXT client will be “joejoe likes coffee”. Please make sure to take capitalization and spacing into account, they do matter.

If you have any questions, contact SAE at support@secureae.com.

Here are a couple of alternatives to the Secure Asset Exchange service you can use after 21.01.2016:

NRS Client

nrs

The official Nxt Reference Software Client is your safest and most obvious partner through this – if you feel ready to download the Nxt blockchain. NRS has ALL the latest Nxt features, it is updated (and uploaded) by the Nxt Core developers themselves, it runs locally on your computer and it supports forging – turning your pc into a Nxt node which supports the Nxt network and earns you forging fees. Running the NRS is highly recommended.

Is it difficult?
Nope.

You don’t have to be a geek or an old timer to do this.
Just follow these instructions: http://test.nxter.org/nxt-nrs-installation-guide/

IF you’re not into forging or downloading a blockchain, the NRS is available as a light client too: http://test.nxter.org/nxtlite-client-get-started-with-nxt/

MyNxt Wallet

The MyNxt web wallet is a client-side trustless wallet, which is very similar to the leading Bitcoin online wallet Blockchain.info. The main objective is to make it dead-easy for new users to join Nxt without requiring downloads, java installs, or waiting for the download of the Nxt blockchain.

MyNxt.info was founded by long time Nxt supporter abuelau, but is now run by Tosch and officially owned by SuperNET. Registering a wallet is simple, go to https://wallet.mynxt.info.

MyNxt runs perfectly on iPhones, Android or desktop browsers.

The MyNxt plugin system offers a gateway to the Nxt Asset Exchange.

[vimeo id=”115059710″ width=”600″ autoplay=“no”]

SuperNET Lite Wallet

Accessing NRS online is easy. Check out http://mynxtportal.info/ui/supernet.html.

This is the web SuperNET multiwallet, if you want to access Nxt NRS through this, just sign in using your NXT account number or passphrase, hit the “burger” in the upper right corner and choose “Advanced” from the menu.

SN-lite-wallet

 

Doing this will bring you to an online version of the NRS.

Read more about the user interface of the NRS here:
http://test.nxter.org/nxt-client-interface-guide/

NXTER.ORG would like to thank the team behind SAE for maintaining a great service, which has helped so many ‘non-techie’ people become ‘Nxters’. May you rest in peace – and your legacy rise like a Phoenix.

[crowdfunding] The First Book About Nxt

The first book about Nxt

Crowdfunding campaign: 5th December 2015 to 5th January 2016

We need your support
NXT-DE5P-4A5T-6SHU-7FHCV

What is this book ?

Initially published as a pdf, it will be the first multi-lingual, tangible symbol of the real-life, global, transformative potential of Nxt.

More specifically, co-published by Nxter Magazine and Plaisir d’histoire (Ludom), it will be the printed (paper) version of the free pdf-book that was published to celebrate Nxt’s second birthday. It contains articles written in English, Russian, French, Spanish and Chinese.

***

http://test.nxter.org/nxt-2nd-birthday/

nxt-2nd-bday

Introduction
by apenzl …………………………………………………………………………………. 4

Что делает Nxt криптоплатформой второго поколения?
(English: What makes Nxt crypto platform 2nd generation?)
by abctc …………………………………………………………………………………. 11

The original spirit
by Bas ‘Damelon’ Wisselink ………………………………………………………….. 17

Nxt son histoire et son potentiel
(English: Nxt – its history and potential)
by Lionel ‘Ludom’ Jeannerat …………………………………………………………. 28

Three unappreciated Nxt services
by Cassius ………………………………………………………………………………. 52

Nxt financiación colectiva
(English: Nxt Crowdfunding)
by Rubén BC ……………………………………………………………………………. 58

Nxt Foundation:
How to market a decentralised, open source organisation
by Dave ‘EvilDave’ Pearce ……………………………………………………………. 73

The Value of 10 NXTs
by ChuckOne …………………………………………………………………………… 80

SuperNET
by Cassius and apenzl ………………………………………………………………… 87

中国正在觉醒
(English: China is awake)
by NxtChina ……………………………………………………………………………. 97

The regulatory process:
if you‘re not at the table, you‘re on the menu
by Robert Bold, Kushti, Jean-Luc and Riker …………………………………….. 105

***

In summary, our goals are:

  • Produce a high quality, limited edition of the English language version of the book in printed (paper) form.
  • Translate the book into each of the other 4 languages depending on demand and to make them available initially as pdfs.
  • Produce paper versions of the book in each of the other 4 languages either as ‘Print-on-Demand’ or in high quality, again depending on demand.

See below for further details.

Why we need your support

This project needs support from the community: morally and financially.

Morally: we need your support to help sustain our motivation. If our project doesn’t have the community’s support, we have no reason to continue working on it.

Financially: we need your support so that we can create high quality publications of the book in paper form, starting with the English Language version.

Each copy sold during the campaign will be numbered and signed by Ludom on behalf of Nxter Magazine and Plaisir d’histoire.

Over time, as Nxt becomes established as a financial ecosystem, it is anticipated that the book will become an increasingly valuable collector’s item.

Our projected costs are:

  • Printing cost: 200 books
    (150mm x 220 mm, 136 + 4 pages,
    Interior B/W 90gr Premium,
    Couverture Quadri 235gr Integra Antalis,
    Spine Sewn and glued).
  • Shipping cost, taxes and custom fees (30% of the book’s price).
  • Miscellaneous costs: ISBN and Swiss National Library registration of the books, shipping of the books for the contributors (writers, editors and translators).

Plaisir d’histoire will pay the FIAT bills but wants to be reimbursed in crypto-currencies, assets and MScoins.

Nxter Magazine and Plaisir d’histoire need 200’000 NXT or its equivalent in value in other crytocurrencies, assets or MScoins to produce and deliver a high quality paper version of the book in English.

How you can support us

nxt-crowdfunding

Buying e-book and paper books

Once a week during the campaign, the prices, which are determined in USD, will be converted into crypto value and published on the Nxtforum.

Worldwide delivery will be available.

Tokens to buy e-books are:

ebookeng: E-book in English

Asset ID 18310681715601320988
https://trade.secureae.com/#18310681715601320988

ebookfre:  E-book in French

Asset ID 762274092038885351
https://trade.secureae.com/#762274092038885351

ebookrus: E-book in Russian

Asset ID 18284118483914201034
https://trade.secureae.com/#18284118483914201034

ebookspa: E-book in Spanish

Asset ID 2728308106613828176
https://trade.secureae.com/#2728308106613828176

ebookchi: E-book in Chinese

Asset ID 10707307993124388284
https://trade.secureae.com/#10707307993124388284

The price of the e-book is 2$ (Price in NXT and other tokens on Nxtforum).

Tokens to buy paper-books are:

Pbookeng: 1 paper book in English

Asset ID 7676447843512066742
https://trade.secureae.com/#7676447843512066742

Price: 20$ (Price in NXT and other tokens on Nxtforum).

TENGB (MScoin tradable, controllable): 3 paper books in English (16% discount)

Price: 50$ (Price in NXT and other tokens on Nxtforum).

XENGB (MScoin tradable, controllable): 10 paper books in English (25% discount)

Price: 150$(Price in NXT and other tokens on Nxtforum).

LENGB (MScoin tradable, controllable): 50 paper books in English (50% discount)

Price: 500$ (Price in NXT and other tokens on Nxtforum).

How to buy with NXT

Buy the tokens that you want on the asset exchange or on the MScoin exchange. Verify the ID of the assets.

How to buy with a listed asset

Send the required amount of the asset (look at the price list on Nxtforum)) to NXT-DE5P-4A5T-6SHU-7FHCV with a message that explains what you buy.

How to buy with other assets or MScoins

We can accept other crypto-value. For more details, send a message to ludom@test.nxter.org or an arbitrary message to NXT-DE5P-4A5T-6SHU-7FHCV.

How do you send the books

When the e-books are ready, we will send an encrypted message to the asset holders with instructions how to download the e-books.

When the books have been printed, a confirmatory message to that effect will be sent to the assets/MScoin holders. As soon as each holder sends us back the token with their physical address, Plaisir d’histoire will send the book(s) to their address.

Where any part of the campaign fails to meets its objectives, we will buy back the tokens concerned.

Free donations and account leasing

Feel free to make donation to the account NXT-DE5P-4A5T-6SHU-7FHCV. We accept everything:

NXT, assets, MScoins, alias, nice messages and anything-else you like.

During the crowdfunding campaign, the account will be forging all the time, the forging revenues will be part of the funding. You can lease your account to support the project.

Special rewards

Alias system

On Nxtforum, we’ll organise an auction to sell a special alias: SurpriseAlias. The winner of the auction will buy the alias on the Nxt platform.

This alias will be printed in large font on the first pages under the words: “Discover the link of SupriseAlias”.

Early bird discount grunge rubber stamp on white background, vector illustration

Marketplace

15 x Early English Bird (17$):

The English language version of the book will be sold with a 15% discount. Each Nxt account will be limited to one book at this discount.

You will also receive 1 asset Pbookeng.

If you want more than one book at a discount, please buy the TENGB, XENGB or LENGB MScoins.

4 x Little advertiser (200$):

You receive a XENGB (10 books) + a half page of the book for your advertisement.

2 x Big advertiser (600$):

You receive a LENGB (50 books) + a full page of the book for your advertisement.

10 x E-book life subscription (40$)

You receive the asset NxterSub (1637207859198711678). This asset gives the right to receive for free every e-book published by Nxter Magazine for EVER.

FreeMarket

Additionally, to show our support for this promising Nxt project, we will be selling 15 Early birds and 10 E-book life subscriptions on FreeMarket.

I want to help in some other way

Contact Ludom of Plaisir d’histoire: ludom@test.nxter.org or NXT-DE5P-4A5T-6SHU-7FHCV

What are the goals

The main goal: English paper book

We want to publish a really good quality book in English. We don’t want to use the print-on-demand solution because the print quality is bad and the profits are tiny.

To print 200 books, we need 200’000 NXT of crypto-value. All the NXT, assets and the MScoins are in the “First Nxt book” account NXT-DE5P-4A5T-6SHU-7FHCV.

The campaign will end on the 5th January 2015.

Updates of the estimated value of the ‘First Nxt book’ portfolio will be published regularly on Nxtforum.

Secondary goals: other language versions of the book

Since there would certainly be less demand for editions of the book in other languages, we are putting forward the following proposals:

20 e-books: translation into any of the other 4 languages: Russian, French, Spanish and Chinese.

If 20 assets of an e-book in one of the above languages are sold, we will begin translating it into that language. You can buy as many assets as you want to support your own language version of the book.

50 e-books: paper book published as Print-on-demand

If 50 assets of an e-book in a particular language are sold, we will launch the corresponding asset PbookXXX and the MScoins (x3, x10 and x50). You will then be able to buy the paper book in this language.

Subject as provided below, the quality of the book will be ‘Print-on-Demand’.

30 paper books + 150k NXT: paper book ‘best quality’

After the main goal of 200k NXT has been reached, for every additional 150k NXT, we will publish the book in a new language in the same quality as the English language version.

To qualify for high quality publication, a minimum of 30 copies of the particular language version of the book must have been purchased. Where two or more language versions of the book qualify, the best seller will be the one chosen.

FAQ

Who am I?

My name is Lionel Jeannerat (‘Ludom’ on Nxtforum). I’m a Swiss. I work freelance in History and game design and carry on a publishing business under the name Plaisir d’histoire. I am responsible for managing this campaign and the logistical aspects of publishing the book.  My website is: http://www.plaisirdhistoire.ch/

I’m working with the core team of Nxter.org, the Nxter Magazine. They are responsible for editing and translating the book. Their website is: http://test.nxter.org/

We are all well-known and, we like to think, trusted in the Nxt community.

What will we do if the goals are not reached?

First, we’ll all be very disappointed!

Second, I’ll rebuy every asset that can’t be exchanged with the promised product.

The articles are already available to read, so why should you support us?

Yes, it’s true. You can already read the articles for free, at least in their original languages: http://test.nxter.org/nxt-2nd-birthday/

But our ambition extends beyond this campaign.

Our future projects

Nxter Magazine and Plaisir d’histoire want to build new projects on the Nxt platform. This campaign is the first of the projects we are planning based on the Nxt platform.

The Nxt marketing

An excellent, beautifully produced book about Nxt is a great tool for Nxt marketing. A PDF or a cheap Print-on-demand Book is a poor substitute for that. And, if we have books in other languages, we can of course reach more people.

We want to print more books than are sold during the campaign. Having a good stock available in each language will enable us to market it, and therefore Nxt, more effectively.

To that end we want to increase the book’s distribution via online and physicals books shops.

A new example of the use of Nxt platform

As you can see, we will be using every feature of Nxt in our crowdfunding campaign. Nxt needs its crowdfunding platform to be used in as many different ways as possible in order for its flexibility and effectiveness to be fully demonstrated. The success of our campaign will provide a further demonstration of the power of Nxt.

If the campaign is as big a success as you envisage, what will you do with the extra funding?

We won’t make any profit until the book is published in each language: English, French, Chinese, Russian and Spanish. And we need 200k + 150k + 150k + 150k + 150k NXT = 800k NXT for that.

If we funded more than that, it would mean that we would have sold more and the shipping cost would therefore be bigger too. Firstly, I would pay the extra cost with the extra funds.

After that, the surplus (i.e. the profit) would be shared between the contributors (1/3), Nxter.org (1/3) and Plaisir d’histoire (1/3). This revenue would be used to reward the writers, editors and translators, and to prefund our future projects on the Nxt platform.

What will we do with the funding?

Plaisir d’histoire will pay every FIAT bill of the project. If the costs don’t exceed what is planned, there is no reason to sell any of the fund.

Plaisir d’histoire pays in FIAT and receive the equivalence NXT and/or assets, that’s it.

If there is good liquidity to sell them, I’ll do it during and after the campaign. But we don’t want to crash the price of any token. If people want to buy some of our assets, they can propose their price.  This would be another good way to help us meet our objectives and therefore help Nxt. Contact me at ludom@test.nxter.org

Launch of NXTinfo.org

Launch of NXTinfo

We are happy to announce the official launch of NXTinfo.org version 1.

NXTinfo provides a number of crucial services for NXT Asset Exchange traders and investors, including an average price calculator, a performance calculator and an asset evaluator. The latter two services  are linked to our ‘historic Nxt dividend database’ which should certainly help to guarantee added value for users of our ecosystem.

To attract newcomers to the site, we will also be hosting a NXT faucet.

Who are we?

Dee22: a member of the Nxt community since July 2015 and responsible for the server infrastructure and the (further) development of the website.

KarlKarlsson: a long-time member of the Nxt community, is in charge of the business management and PR.

More about our tools

We aim to provide you with the toolkit you need to become an asset expert. Our first version includes the following, already mentioned, services:

Average Price Calculator: Compute the average price at which you have traded an asset. This feature is needed when a position has been accumulated or sold over successive trading periods and has therefore been traded at different prices.

Performance Calculator: Calculate the exact return you made with a certain asset. What makes our calculator unique is the fact that it includes dividend payments in the computation. We are aiming to include as many dividend-paying assets and their respective payouts into our database as possible.

Asset Evaluator: Compare different assets with each other based on multiple parameters. Be it the dividend periodicity, the dividend return or the trading volume. At the time of launch, this feature is in its most basic form and will be further developed based on community feedback and our own vision.

Nxt Faucet: The Nxt community is missing a faucet, which is why we have included one in NXTinfo. Get yourself some NXT (4 NXT per payout) and use it to get started with Nxt or to simply pay your Nxt transactions. Note that currently each e-mail address is only eligible for one payout.

Plans for the next version

We already have plans for the next release of NXTinfo with new tools, for instance a Nxt portfolio tracker with which you can follow your assets and their respective performance, again including dividend payments.

In the meantime however we will be working to further develop the current tools and their usability based on feedback from the community.

Donations

We are always happy to receive donations, not only as appreciation for our work, but to also make NXTinfo a better service. If you wish to donate, there are two possibilities:

  • Support our Nxt faucet (NXT-7YPL-9SRG-7BYX-GHBV9) by donating directly to it!
  • Help us to finance our server/hosting expenditures or just as an appreciation for our work by donating to NXTinfo (NXT-3FV3-LS6S-WFTF-H6S2Y)

Advertise on NXTinfo

NXTinfo’s main source of income will be from advertisement. We provide a platform which is aimed in particular at crypto enthusiasts, fintech entrepreneurs and crowdfunding activists. If you want to target this audience, feel free to contact us for a non-binding offer.

Feedback

We are both supporters of an active and open feedback culture. Therefore, we ask you to leave your site review in our NXTforum thread (https://nxtforum.org/nxtinfo-org/) or send us a personal message.

Contact

Do you have any questions about the website or its tools? Do you have something else in mind which you would like to share with us? Do not hesitate to get in touch through any of the following channels:

BTCOR Group: Revamped team and asset

Core
BTCOR was formed early in 2015 by House. A visionary who saw the potential of using Nxt as a basis for his projects. Under the BTCOR umbrella he set up multiple assets to provide funds for his trading activities. He was one of the first to put the Monetary System to good use, by setting up a monthly ticket system to invest in his trading activities.  Maintenance of the system and of the assets he has created has been no small task. The assets proved to be a success and House has become a known name in the Nxt and Supernet community.

As BTCOR was growing, help was needed and in May House announced the appointment of an Executive Board to help build the future of BTCOR. You can read more on this in the article about BTCOR published on nxter.org a few months ago.

A lot has changed since then, including some internal changes to the team following Gambleh’s departure for personal reasons.

“It is with sadness that we have seen the departure of Gambleh, but we separated on good terms and we will see him back in slack after a deserved break, while he focuses on his primary concerns in business and family life. – House”

But as Gambleh left, another renowned Nxter joined the team.

“BTCOR is welcoming new team member sigwo, http://sigwo.com/sigwonet.html. As a developer he is now an integral part of the BTCOR Development Team. sigwo together with shack4 as the Chief Systems Engineer and pnoch as Lead Developer will work together closely to achieve the goals the Board will set.    – House”

The biggest news came recently when it was announced that mxxxxxx was joining House as Co-director of BTCOR.

“I am more than happy and honoured to announce that I was propositioned today and agreed to be co-director of BTCOR.

I deeply believe that this will continue to be a great partnership built on hard work, trust, skills, and experience and that we can bring great success with all the brilliant minds involved together within our community.

We have a long and fruitful journey ahead of us with all things coming in the near future together with our personal plans, planned development, cooperations and with a very big possibility of injecting personal business into BTCOR in some safe form for everyone.

As of today I have been granted access to all BTCOR accounts.

Thank you all for the support!

All the best!”

Until recently there were assets for a variety of investments: GDCAR for gold, SVCAR for silver, BTCAR for bitcoin, FIATX for money and BTCOR as a parent asset that would benefit from all of the others.

In addition to the assets there was the option to invest in monthly tickets through the NXT Monetary System. While the assets were a relatively safe investment, the tickets were a high risk investment, with the possibility of losing your complete investment if trades went wrong.

But this is all in the past, as the BTCOR Group announced at the beginning of September that they will change the complete structure of their assets. All previous assets have been combined into 1 asset: CORE. After the announcement an asset swap was started for the investors where all the old assets (GDCAR, SVCAR, BTCAR, FIATX and BTCOR) were exchanged on a 1:1 basis. All the investors had to do was send their assets to NXT-T4BJ-M2B6-9LHP-8YG7 and they would receive CORE assets in exchange.

After 1 month we can say that the swap was a huge success with 99.71% of all the assets swapped.

If you still have any of the old assets send them as soon as possible to NXT-T4BJ-M2B6-9LHP-8YG7. The old assets do not receive dividends anymore. Only the new CORE asset receive dividends from now on.

Having everything combined in 1 asset has multiple benefits for both the investors and the team including a better overview and transparency of the operations. With the new CORE asset the investor profits from all the investments and operations the team makes.

The revenue generated by the BTCOR Group is coming from 2 major parts: trading operations and crypto investments. Operations include trading in gold, silver, bitcoin and fiat. Investments are made in Crypto projects with a promising future that fit the BTCOR profile. You can see their complete portfolio at NXT-NUEG-HFEQ-NU9Z-72KUS.

Breakdown of the monthly profits:

1. 70% from trading profit will go to dividends, 25% from trading profit will be added to the new trading budget for November, 5% to veteran league of heroes /development.

2. 75% from dividends of assets in treasury will go to dividends, 25% for treasury (investments, buy walls, Net Asset Value increase, etc).

3. 75% from new assets sales for treasury (investments, buy walls, Net Asset Value increase, etc), 25% from new assets sales will be added to the new trading budget for November.

In total 5.000.000 CORE assets were issued. 51% (2.550.000 assets) will remain in the hands of the group, 49% (2.450.000 assets) will be sold to the public over time. The sale of assets will happen monthly in small batches. The first batch sold out pretty quick in September at a price of 25 NXT/CORE. The October batch is selling at 30 NXT/CORE, and is moving quickly. This is a pretty popular asset on the market, and we think it’s still a good price to buy in. With the good news and dynamic team behind the BTCOR Group, this month’s batch should sell quickly, with higher prices likely to follow. At the moment there are 383579 CORE assets in circulation.

The core asset id is 18026565504333172181.

Business plans, activities and more information about the BTCOR Group and CORE asset can be found at https://www.btcor.co and on their nxt forum thread.

The first dividend of the new CORE asset was paid on the 1st of October at 0.533 nxt per asset. At 25nxt/asset this is a 2.13% ROI for the first month. Which is an incredible result as they were trading with a low budget in September. Now that the first batch is completely sold and the BTCOR Group can therefore work with a bigger budget over the coming months, the chances are that we will see an increase in dividends, provided they can keep the momentum going.

The BTCOR Group is constantly working on improving their business and strategies. I applaud their enterprise and work ethic which should hopefully result in a promising future for them as well as increasing prices and nice dividends for their investors.

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This article is for general information and news purposes only. It does not take into account readers’ personal circumstances or investment objectives. As with any investment, readers should carry out their own due diligence research before making (or refraining from making) any investment decision.

Cryptoasset.fund Launch: 12.00 GMT, 15 Sept.

cryptoasset

Coinomat (the instant cryptocurrency exchange, Nxt asset issuer, SuperNET service partner and Bitcoin Foundation Member) has just released its Cryptoasset.fund asset on the Nxt Asset Exchange. The asset is to be made available via a Dutch auction.

Cryptoasset.fund is the first “classical” venture fund to be launched on the Nxt platform. Inspired in part by innovative jl777’s SuperNET asset, which itself is a revolutionary asset both in the technology it represents and in helping to lead the way in launching investment funds on the Nxt platform, Cryptoasset.fund is focused on investing in projects which are close to the Coinomat.com team, and also any other promising cryptocurrency projects.

The launch of Ethereum is further evidence of segmentation taking place in the crypto economy. It’s now clear that in order to survive and prosper cryptocurrencies must focus on what they do best. In the case of Nxt, of course, this is decentralized crowdfunding on the asset exchange. One of the fund’s future projects will be the creation of a fully-compliant crowdfunding platform based on blockchain-issued assets which we hope will help make NXT platform the go-to place for decentralized crowdfunding.

At its launch cryptoasset.fund will hold shares in several assets in which the Coinomat team is involved, including Coinomat.com, MMNXT.com and EIX.fund, which will make the Net Asset Value of the fund around 3 million NXT. During the coming months several new projects will be launched with cryptoasset.fund participation, including:

forkpay.net – a merchant platform and plug-in for e-shops that wish to accept cryptocurrencies in addition to Bitcoin. Based on the Coinomat API it offers a way to accept all Coinomat supported e-currencies in one interface. The service will charge a transaction fee, from which it will derive its revenue.

bitnames.io – Blockchain-based domain names. We believe that blockchain technology should become the cornerstone of the DNS industry. Bitnames.io is going to provide an easy way to register and manage .bit, .nxt and other domains on various blockchains, and offer custom DNS servers and browser plugins to resolve them.

morze.us – secure communication for open channels. A messaging application with integrated value transfer, based on the Coinomat API. On top of the messaging app which enables encryption of any web-traffic (email, facebook, any other social networks) Morzeus software will allow the creation, transfer and redemption of BTC and fiat denominated vouchers.

cryptojoin.com – social network for cryptocommunity with integrated reputation system and escrow service.

The range of the projects is diverse: we will not simply be focusing on stand-alone applications of Blockchain technology, but instead aim to start projects which are in synergy with each other. For example, all payment transactions in all the fund’s projects will be realized using Coinomat’s API. Several other projects are currently being discussed; we plan to launch 6 to 7 projects within the next year.

The Cryptoasset.fund ICO is planned for 12.00 GMT, September 15, 2015. Currently it is possible to place bids to secure a share in cryptoassets.fund.

Asset ID at Asset Exchange: 5562590132594876791.

ICO minimum price is 10 NXT. If the total bid amount exceeds the number of available shares the sell price will increase.

The initial portfolio has been transferred to the issuing account and can be seen in the blockchain (Nxt acct ID NXT-Y8FL-UJCB-R25H-23BT2). It’s 240K Coinomat1, 90K MMBCD, 40K EIX ,700K MMNXT, upon which the Cryptoasset.fund will be built. It will provide the dividends for the shareholders right after the fund’s launch. Also more of the core fund assets will be bought from AE after launch.

UPDATE:

Coinomat writes,

New project in our portfolio is shylock.io! It is being launched together with Twinwinnerd who has extensive experience with p2p lending at Bitcointalk. This is going to be a fully automated crypto pawnshop, where you will be able to borrow funds providing crypto assets as collateral.

For example, you hold SuperNET asset and expect it to rise soon. You spot a promising new coin and want to invest in it, but have no BTC. You can get a collateralized loan, by depositing your SuperNET asset with shylock.io and receiving BTC in exchange. When, hopefully, you make profits with the coin you return the BTC with interest and get your SuperNET asset back. The monthly interest will be in the range of 3-5%, and that’s where the profits of the project will come from.

NXT is the best, we’ll do the rest!

This article is for general information and news purposes only. It does not take into account readers’ personal circumstances or investment objectives. As with any investment, readers should carry out their own due diligence research before making (or refraining from making) any investment decision.

Crunch! What can we expect next from Nxt?

We’re entering a new phase in Nxt’s business cycle – and it might be one we’ve never seen before. What happens next is uncertain, as ever, but we can at least be sure there are new challenges ahead.

credit-crunch

Back in May the NXT market turned a corner after a downward slide that lasted most of a year. Around that time I wrote an article about what had happened in that year. Basically, the decreasing value of NXT prompted people either to sell their coins or invest them in assets. The bear market had the same effect that central banks engineer with quantitative easing and interest rate cuts: increase inflation and make people spend the money they think will be worth less tomorrow.

Nxt is an odd system, economically. There are just a shade under 1 billion NXT coins, and there will never be any more. It’s a deflationary currency, as I explored in this article. No big deal, so are many others. But it’s not just a currency. It’s an entire economic platform, and that system crucially includes the Asset Exchange, our very own, very popular cryptostocks’ system. The best of those cryptostocks have been extremely well funded over the past year; in that respect, the bear market may have been the best thing that ever happened to Nxt. The cash they collected provides a solid foundation for growing businesses and pumping money back into the Nxt ecosystem in the form of future dividends. As a result, we can expect rising prices. And herein lies the next challenge: the Credit Crunch.

The credit crunch

Healthy business isn’t the only factor driving the price increase of recent weeks. In fact, it’s a very minor factor at this stage in Nxt’s development. Right now a wave of money from China is making a much greater difference, probably as a direct result of their stock market tanking. But the point remains the same: if inflation causes people to invest their NXT in revenue-generating businesses, what will rising prices (deflation) do?

It’s a little early to be a doom-monger. In fact, we’re barely out of the bear market – if at all, depending on what metrics you use to judge the exit point. But already the price action is impressive. At the time of writing, NXT’s price has roughly doubled in just six weeks.

It’s been a while since we’ve seen that kind of rise. Critically, we’ve not seen such a rise since the Asset Exchange has been up and running. NXT saw a spike up to its all-time high shortly after it was launched, at the beginning of 2014. Then another bull run in May saw a run up to $0.10 and a $100 million market cap – dubbed the ‘PayExpo pump’, but more likely mainly caused by Chinese speculators again. The Asset Exchange was just starting to become active at that point, but was certainly not the thriving hub of entrepreneurship it is now. The only other major rise in price happened at the end of last summer, when jl777 launched SuperNET. That time, though, the increase in NXT price was caused by the asset launch. As James had offered a 5% bonus for NXT and BTCD purchases, a huge number of people bought NXT to fund their SuperNET investment. The effect on what was a fairly thinly-traded market was substantial.

Now? For the first time ever, the Asset Exchange is at full steam contemporaneously with NXT possibly being in a bull phase.

China is a huge factor in that. As time goes on, the asset market itself will contribute more and more, since businesses will need to buy NXT to pay out as dividends to their asset holders. The irony is that the more successful those businesses are, and the more they push up the price, the less people will want to invest in new businesses. A rising NXT price equals a credit crunch.

However, it’s possible that those businesses grinding out the dividends will, by doing so, effectively solve the credit crunch problem themselves but only if existing investors see those dividends as ‘free money’ and use it to take a punt on the next big asset. Then again, maybe they’ll just decide to blow it all on a Lambo or a few rounds of very expensive drinks.

Beware fiat

And so to the bottom line. What does all this mean for Nxters?

For starters, not all assets are the same. Compare your average mining outfit (or rather, one that actually pays out instead of cutting and running…) with an arbitrage and market-making bot, like MMNXT. The former converts NXT to fiat after the ICO, uses it to buy mining rigs and then pays out in NXT that it buys with its mining proceeds. By contrast, the latter might convert some NXT to BTC, but generates revenues from low-risk trading activities, taking advantage of price differentials across different exchanges.

Assuming the mining asset is legit, it makes perfect sense to invest in a bear market: NXT is sold for fiat, which is used to buy mining equipment. So you’re not really investing NXT, you’re investing fiat and then the further NXT falls, the more you receive in dividends. In a bull market, by contrast, mining assets can be a disaster. Imagine, for example, buying an ASIC for 1 BTC when the price was $100, only to see it rise tenfold. Your returns diminish to 10 percent of what they were in BTC terms, without taking into account any other factors like increased ‘difficulty’ prompted by extra competition entering the mining race in the hope of easy returns.

The arbitrage asset, on the other hand, isn’t subject to the same risk. All things being equal, the NXT revenues stay the same – and in reality, rising prices bring more exchange activity and more opportunities for arbitrage.

For investors, then, there is a clear warning: make sure you know how the asset will generate income. If it involves conversion to fiat at any point, there’s a risk of exchange rate changes wiping out the benefits of any revenues, or worse.

For asset issuers, there’s the problem of attracting enough investment to launch. Simply, if investors think their NXT will be worth ten times more if they keep it in their wallet for another month, they’re unlikely to part with it to fund a speculative project. That ought not to be a problem if the business in question isn’t vulnerable to fiat/crypto volatility – but it might still be a problem anyway. Investors aren’t always rational, and if they are, they may take into account the fact that other investors aren’t rational. I know that an asset like MMNXT won’t lose NXT if the price rises – its accounts will still be just as well funded as they always were. But what happens if you suspect a significant number of existing investors are intending to sell their MMNXT and cash the NXT sale proceeds out to fiat? Then I’ll be reluctant to buy, knowing that MMNXT will likely drop in value. I might even sell it myself to anticipate the fall.

This is why it is rare for an asset to appreciate in NXT terms at the same time that NXT appreciates in BTC terms, at the same time that BTC appreciates in fiat terms. A rise in asset prices tends to correspond with a fall in NXT prices, and a rise in NXT prices tends to correspond with a fall in asset prices. The same with NXT/BTC.

Nxt has an odd counter-cyclical property built into it, whereby the seeds of the next bull market are sown during the crash of the previous bear market. It’s an interesting dynamic, and one that might be unique to Nxt. Over the next year, we’re likely to see whether it’s a problem. If it is, we’ll need to wait until the next bear market for businesses to attract major rounds of new capitalisation. That will be hard to stomach at the time. But it will be very good news for the next upturn.

BTCOR Group Investment

BTCOR  – Utilizing the NXT Monetary System and Asset Exchange to generate dividends on stored wealth and support SuperNET in alignment with a profit-for-change paradigm

BTCOR-nxt-asset-exchange

SuperNET, Cyberspace – BTCOR Group Investment, the first NXT asset to utilize NXT’s revolutionary Monetary System technology, has announced the members of its diversely talented and respected team and also its business plan, which details the asset’s complex structure and core principles.

A modified excerpt from the business plan https://www.btcor.co/btcor-group-investment/ :

BTCOR and its SERIES VENTURE wealth storage facilities allow for holding/storing value in the form of ASSETS, GOLD, SILVER, BITCOIN and the US DOLLAR.

BTCOR is the parent asset and is the simplest choice for investment. Funds received through sales of the BTCOR asset will be used to generate value for shareholders by investing primarily in SuperNET’s technology, core coins, and assets and by seizing any other opportunities the Executive Board may deem advantageous. Any dividends received by assets held in the BTCOR Treasury will be redistributed proportionately to BTCOR shareholders on a monthly basis.

The SERIES VENTURES https://www.btcor.co/btcor-assets/ are a group of assets subsidiary to BTCOR that provides storage of wealth for shareholders. As investors purchase shares in a SERIES VENTURE asset, the investment is converted into its respective class while maintaining the best available current exchange rate.

  • GDCAR is the investment vehicle for gold
  • BTCAR is the investment vehicle for bitcoin
  • SVCAR is the investment vehicle for silver
  • FIATX is the investment vehicle for US$

All of these balances are held in the BTCOR Treasury and represent the inherent wealth of BTCOR and SERIES VENTURE shareholders. The SERIES VENTURE portion of the Treasury is never used, transferred or manipulated in any way and these holdings remain stationary until shareholders vote otherwise.

Working alongside these wealth storage facilities are interest-generating vehicles fueled by profit-driven speculation.

We have deployed a number of vehicles that enable the speculator to make a speculative investment on the current markets of gold, silver, bitcoin, and foreign exchange (FOREX) using the NXT Monetary System.

A skilled Operator is responsible for trading with funds obtained monthly via the NXT Monetary System and makes puts and calls at the Operator’s sole discretion. The Operator is constantly under review by the Executive Board and subject to redundancy at any time. The Operator must have a minimum of one (1) BTC stake in each trading vehicle to ensure honest and well-planned trading is practiced.

Profits from these activities are distributed to BTCOR and SERIES VENTURE shareholders on a monthly basis. This dynamic provides an incentive to save via the SERIES VENTURE facilities, while limiting the exposure of the saver to the inherent risks.

BTCOR promotes a profit-for-change paradigm.

In the face of today’s economic, social, and environmental inequality, we at BTCOR believe it is imperative that revenue should not only lead to increased financial independence, but that it should also be used to promote access to truthful information, conscious acts of philanthropy and charity. By working smarter, not harder, we can leverage our funds to promote and embody the change we’d like to see in the world.

A certain percentage of monthly revenues are already being allocated towards a charity fund. As we grow and succeed, we will continue to implement projects and programs that function to manifest this paradigm.

The BTCOR team consists of thoughtfully appointed shareholders and community members that collectively represent the talents and abilities required of the Group’s Senior Executives and Executive Board, which oversee and manage BTCOR operations such that shareholder profit is maximized in adherence to the Group’s mission statement and core principles.

SENIOR EXECUTIVES

  • CEO – house
  • Chairman – eth
  • Secretary – mxxxxxx
  • Chief Systems Engineer – shack4
  • Finance Committee Chair – gambleh

EXECUTIVE BOARD

  • infinitechaos (Public Relations Committee Chair)
  • pnoch (Lead Developer)
  • futurist
  • damon
  • 3rdStryker
  • lootz
  • nippybrit

Detailed descriptions of the various roles and responsibilities required of each of the Executives as well as their asset allocation packages are available here https://www.btcor.co/btcor-team/

Of particular significance is the appointment of pnoch as Lead Developer. He is a very talented and respected developer who is already working with the Chief Systems Engineer to develop proprietary technology designed to enhance efficiency and transparency of BTCOR operations for its shareholders. The Lead Developer may also be tasked with creating or implementing advanced automated trading software designed to trade FOREX markets and maximize shareholder revenues.

For more information on the BTCOR Group Investment, please visit btcor.co, follow @BTCORsupport on Twitter, and join the #btcor channel at SuperNET Slack.

The Tipping Point

It’s been a long, long bear market. Nxt has slipped from a dizzy high of $0.10 – a market cap of $100 million – to a low of less than a cent and a market cap of only $8 million. But despite that and even because of it, I think we’ve finally hit a tipping point.

If I had to assign a moment to the tipping point, it would have to be 11 May at 07:35:54. That was the moment when the mgwBTC market on AE dropped to 3300 satoshis and a prescient bitcoin whale picked up a million NXT in one trade while, at the same time, another large SuperNET holder was taking the opportunity to cash out assets without slippage. Another 12.5 bitcoins were sold into the same 300 BTC wall over the next 40 minutes, but after that the price rebounded. A couple of weeks later some irrational exuberance led by China has pushed us back up to and over the 5k mark. (Whether this was caused by money leaving the overheated Chinese stock market and finding a handful of key alts, or whether it was BTC38 faking some volume to gain a reputation as the new exchange in town, we don’t know.) In any event, NXT has recovered around 50% since that low at 3300.

But this tipping point isn’t really about price. It’s been remarked before that market cap is largely meaningless and price does not equal value. As jl777 has said, ‘The market is technically a manic/depressive psychotic. That means it is delusional and says things that are, well, insane. Like LTC is 30x more valuable than NXT, or AUR is 10% of bitcoin, etc.’ Price and market cap should follow, but the market isn’t a good judge of value in these circumstances. The market sometimes overvalues things, like in the early stages where hype sucks in walls of money from excited speculators; it sometimes undervalues them, as when investors lose patience or get caught up in the mood of collective despair that swirls around a bear market. Price and value rarely coincide at all, and then only incidentally, like a stopped clock that is right twice a day.

Building the foundations

nrs

This is about the solid foundations Nxt has built over the last year, particularly its crypto-stock ecosystem hosted on the Asset Exchange. As I recently wrote in another article, it’s just possible that the horrendous bear market was the best thing that could have happened to Nxt, if not individual NXT holders, some of whom have seen their net worth slashed by 90%. It represented a massive injection of liquidity into key assets, a lot like quantitative easing or the boost to spending central banks try to engineer by cutting interest rates: if your money is going to be worth less tomorrow, you spend it today. Some people simply cashed out to bitcoin or fiat, but huge sums flowed into assets. The scale is simply remarkable. SuperNET’s ICO collected something like $4 million, most of it in NXT. Other assets have had no trouble collecting five- or six-figure sums. Some of it unfortunately ended up in mining assets which then mysteriously evaporated, but there was still a vast investment into some extremely promising projects.

Now, at last, some of those assets are starting to pay regular dividends. We’ll ignore the mining assets, but a quick survey shows there’s some respectable activity already.

Coinomat’s assets (coinomat and coinomat1) have been paying out regularly for months, of the order of 0.015 NXT per asset, or a current yield of 0.3% per week at a price of around 5 NXT per asset. Coinomat’s arbitrage asset, MMNXT, yields around 0.7% per week.

The newer arbitrage and trading asset Liquid looks set to yield around 2% for the month, and though it’s early days the wide-ranging trading company BTCOR has been posting stellar results. It paid 0.43 NXT per asset for April, and even at the current sell price of 15 NXT per asset that’s around 3% per month.

Audit company NXTinspect looks set to have a bright future, since its business model involves verifying the accounts, security and strategies of new assets – plus it’s got a new business incubator venture up its sleeve. It pays out in the assets it is paid by clients, as well as NXT, and dividends depend on the number and nature of clients in the last month or months (they’re not always monthly), but the last one was remarkably promising – something like 20%. Freebieservers has been paying out since April based on advertising revenues from its free servers, used by 100,000 gamers and growing fast. The last payout was 0.034 NXT per asset, or in the region of 1% per month if you buy at the current sell price, and they’re looking set to scale pretty well.

Then there are the gambling assets that are just coming online. NXTbubble, the Nxt version of a famous bitcoin game Bustabit, is recording huge volumes of play. The house edge is around 1%, but variance means the revenues probably won’t be regular each month; whilst the house always wins in the end, there are some high-rollers who are testing out the theory and they haven’t hit gamblers’ ruin just yet. After a long delay, neoDICE – based on the legendary bitcoin game SatoshiDICE – is being tested with a small bankroll on MainNet, and a fancy GUI is in the works. What will the effect be when it’s embedded in your SuperNET client, waiting for any spare moments to try your luck? And, of course, there’s SuperNET’s own suite of projects, including InstantDEX, which is now in testing.

The dividends are still a relative trickle given the overall size of the Nxt economy and its daily trade volume, but they are there and they are growing, along with the ever-increasing list of viable assets. It’s like a coiling spring.

What next?

nxt-crypto-tipping-point

It’s unclear to me quite what happens next, though I think the general direction of travel is obvious. Economics is an imprecise science, as any self-respecting economist should tell you. Broadly speaking, the money flowing out of NXT-the-currency has prompted investment in Nxt-the-platform. In the bear market, money hemhorraged out of NXT and into assets. Now, after several months of development, those well-capitalised businesses are firing up and generating a flow of value back to the assetholders in the form of dividends.

What investors then do with that NXT is up to them, but not all will sell it for fiat or other alts – especially if they believe the tide really has turned. Some will be held, some recirculated back into the Nxt economy, into new assets and new initiatives: a virtuous cycle.

Not all assets are equal – not just in their returns but in their approach. Some assets keep pace with NXT, others with fiat. Imagine a traditional ‘real-world’ business, or a mining asset: the NXT invested would be converted to fiat, so the capacity of the business to generate a return is broadly correlated with its initial fiat capitalisation. If a mining asset cashes out 1 million NXT to buy ASICs then its investment is fixed at the fiat value of its funds at that time. All other things being equal (which admittedly is unlikely in the fast-moving and murky world of mining, but that’s another story), if NXT rises in price against the mined coin, the NXT purchasing power of its revenues will decrease.

But other assets – like the arbitrage and gambling assets – mainly keep their funds as NXT. If NXT rises in price then they will keep pace. In fact, they’re likely to do even better, since rising prices lead to greater volumes traded.

The market will presumably judge these assets by their respective earning potentials – punishing some for being pinned to bitcoin or fiat, and rewarding others for keeping up with NXT. Against that, there is the complexity of what happens when a currency rises in price, and funds are sucked in from other areas – both assets and other crypto coins – as traders seek to get on board. And then there’s the issue of rising NXT prices (deflation) that encourages hoarding rather than spending, investment and economic activity. And the fact that the effects could all be dwarfed by the impact of the wall of Chinese money that seems to be pouring in anyway; this time around, the Chinese are wary of bitcoin but a number of alts have posted impressive rises in the last few weeks, up 50 to 100% already.

So it’s complicated, but there are certain incontestable facts: NXT has a fixed supply; the asset economy – now very nicely revving up and moving off the starting line – has no such cap. That means there is no cap on the revenues it can generate, and which it will need to pay out in NXT. Limited supply, unlimited demand. That seems to point in just one direction.

It’s a picture that will only become clear with hindsight. But hazy and fragmented though that picture may still currently be – even leaving aside the steady work being done in the background by the likes of DeBuNe and the NXT Foundation, bringing Nxt to PayExpo, conferences and dozens of businesses around the world – things are definitely looking up.

So don’t say it too loud just yet, but I’d argue it’s just possible we’ve turned the corner.

For more information about the assets referred to in this article, visit:

http://nxtreporting.com or http://www.secureae.com and click on ‘View Live Exchange’

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Disclaimer Notice

This article is for general information only. It does not take into account the reader’s personal circumstances, objectives or attitude towards risk. It is not (and is not intended to be) any form of advice, recommendation, or endorsement by the author or the web site owner and should not be relied upon when making (or refraining from making) any investment decision.

Remember: the market can remain irrational longer than you can remain solvent; investments can fall as well as rise in value and past performance is no indication of future performance.

The value of 10 NXTs

Introduction

What is the value of 10 NXTs?, you may ask. This article might give you an answer. Let’s start off with a short dialog though.

“What is the value of $10?”, the teacher asked his class. “$10, of course”, a student responded quickly.

“Try to explain it without using $10”, so the student rethinks and replies with a grin: “10 times $1, right?” But the teacher is still not satisfied: “Well, what is the value of $1 then?”

Another student joins in the discussion: “$10 is worth whatever you can buy with them”.

For one thing, this short conversation illustrates the fallacy which many people fall for when they try to understand what the value of their assets and disposable income is; for another, it succinctly shows the way in which people commonly understand the value of a monetary unit, for example the US Dollar: the value of $1 simply being the amount of goods and services one can get in exchange for $1 (in other words: its purchasing power).

One might then ask: how do you measure the value of a dollar? The simple but unsatisfying answer is: it’s the amount of goods and services you can buy with it. A more complicated, but equally unsatisfying answer (because of its reliance on other artificial constructs), involves exchange rates, Treasury notes and foreign exchange reserves. The value of the US Dollar, like any fiat currency, therefore depends on factors seemingly far removed from people’s lives. For the reasons put forward in the next section, it remains difficult to understand the real everyday value represented by the US Dollar even if one uses it many times each day.

Goods and Services

One big problem with using goods and services to demonstrate the value of a fiat currency is their lack of interchangeability: whereas one dollar bill is entirely interchangeable with any other dollar bill, different goods and services (although they may cost the same) are not of course interchangeable. This lack of interchangeability makes it impossible to ascertain whether, say, 10 bottles of beer (purchased for $10) is a better or worse measure of fiat value than, say, 5 loaves of bread (also purchased for $10). In effect this is the same issue facing government statisticians who have to choose which items to include in the average consumer’s notional shopping basket for the purpose of measuring changes in a country’s consumer prices index.

A related problem is that the precise nature of numbers gives an appearance of certainty to things which don’t actually possess it. Thus, people fail to understand either the real value of $10 or the real value of ‘5 loaves of bread’ which are in practice both as imprecise as each other: dollar bills, although they are interchangeable, have no intrinsic value in themselves, only in terms of what they can buy; however, the things that can be bought with dollar bills, although they do of course have intrinsic value in themselves, are not interchangeable and therefore have no dependable utility as a measure of value.

The lack of preciseness can be ascribed to the lack of a measuring tool which serves in a replicable way to measure the value of something no matter where, when and by whom it is bought and sold. The nearest thing available is the market price expressed in units of fiat currency. However, the market price of something is not necessarily the same as its value. Although an important indicator of value, the market price only tells us the minimum amount that people are prepared to pay, but not the maximum amount (i.e. their willingness to pay). Moreover, due to external factors, under- or overvaluation might occur – i.e. short term prices may be too low or too high compared with the long term average.

The need for a measuring tool, as described above, would quickly become evident were you to go into a grocery shop and ask the price of something. Such a question would definitely produce different answers depending on whether the shop was located in North America or in Asia (leaving aside the question of conversion rates). Repeating this experiment 10 years from now would also result in different outcomes. Furthermore, businesses adjust the prices of their products to better meet the requirements of their trading partners or customers on a deal to deal basis.

Given that observation, we can ask the question how are prices created and how do they change? That is a field of ongoing study which is outside of the scope of this article. Prices are the result of complex social interactions, political considerations, emotions and even the technological progress. In the remaining part of this article, we will discuss what the value of a NXT is.

Transactions

When using the Nxt platform, all you need are NXTs. You can buy goods and services on the Nxt Marketplace, you can buy assets on the Asset Exchange, you can buy brands, cast votes and much more and all you need to have are NXTs. Those tokens are the default currency unit of the economy platform: Nxt. With them, you can buy a variety of native Nxt objects as well as user-generated content, products and services. However, we still have the same imprecise definition of the value of 10 NXTs as we have with $10.

There is, though, another element that plays an important part in helping to determine the value of one NXT. NXTs are not only relevant to pricing goods and services but also to paying for transactions. Transactions are the most basic native objects you can buy with your NXTs. They are and will be omnipresent in the Nxt platform. At the time of writing, 1 NXT is worth 1 transaction (in most cases). Thus, the value of 10 NXTs is the ability to buy 10 standard transactions, like those described above. That basically means if you have n NXTs in your wallet, you can buy n transactions from the network.

We can describe an experiment to measure the price of a transaction in Nxt. The price for a transaction – also called a fee – has a minimum at which the network accepts the transaction. It is encoded in the social contract enforced by the Nxt network and its current implementation can be found at the repository. This experiment can be repeated irrespective of who you are or where you are. It can only change over time if the network agrees to change. From this point of view, the minimum transaction fee is the most equal and transparent price we have; independent of your location and yourself.

Given that tool, we can now measure how much a good or a service on the Nxt Markeplace is worth in terms of transactions. When we pay somebody 25 NXTs for his service, we are in effect enabling him to perform 25 further transactions and we can do 25 transactions less than we could before.

When analyzing the calculation of the minimum transaction fee, one can recognize a correlation between the minimum fee and the size of the transaction. However, the correlation does not apply whilst, as is currently the case, the relevant coefficient is set to zero. It is assumed that in future versions of the Nxt protocol, the network will decide to raise this coefficient in order to better reflect the actual expenditure of verifying and propagating transactions of a specific type through the network. Still, the process of price setting is visible and verifiable and equal among all people using Nxt. There are many possibilities regarding how to agree on these coefficients and other constants which make up the minimum fee. However, this is a problem which needs to be addressed in another article.

Conclusion

value-of-nxt

Each NXT represents the ability to buy exactly one standard transaction which gives us a precise tool to measure how much worth a good or a service would be. Instead of asking how many NXTs does it cost, you might equally well ask: if I buy this good or service how many fewer transactions will I be able to carry out (i.e. how many transaction performances will it cost me)? Similarly, the seller, instead of asking how much NXT can I get for this good or service can just as well ask: if I sell this good or service, how many more transactions will I be able to carry out (i.e. how many transaction performances is my good or service worth)?

Thus, 10 NXTs are worth 10 transaction performances or the goods and services you can get for them in exchange.

This article is also available in French.

Nxt [CORE]: Asset Exchange

The Nxt Asset Exchange (AE) is Nxt’s built-in decentralized trading engine. Using the AE you can create, buy and sell assets that represent data beyond simple coin transfers – opening up wide-ranging possibilities. Also, you can pay dividends to your investors with a single click and only a 1 NXT fee, or you can transfer or burn any amount of assets if you need.

Coloured coins

The AE is based on the ‘coloured coins’ concept whereby a coin or a set of coins can be designated (‘coloured’) to represent something-else. By contrast, many crypto currencies only ever operate as just that  – currencies, and nothing more. However, since the blockchain provides a trustworthy and permanent ledger of all transactions, it can be used to record far more diverse information than purely currency transactions.

NXT was designed and built to leverage this coloured coins idea. NXT coins can be designated (‘coloured’) to represent other crypto coins, stocks/bonds, property, commodities, or even ideas. As a result, the NXT network can be used to trade almost anything. It currently costs 1,000 NXT to issue an asset, and just 1 NXT in transaction fees to buy or sell them.

issue-asset-nxt-ae

Find a Nxt AE guide here

NXT assets

These crypto-assets can gain significant market cap, and many of them are listed on CoinMarketCap.com. In fact, since there are now so many, CMC has created a new page exclusively for assets, a high proportion of which (more than 70%) are, in fact, NXT assets. Many of these were launched by jl777, including SuperNET, NXTventure and InstantDEX. Others include Jinn and NXTTY.

As well as trading on the AE against NXT, some of these assets can now be traded against BTC on the BTER and Poloniex exchanges. SecureAE.com – an online NXT wallet that puts the Asset Exchange at the centre of its functionality – also allows trading on the AE with Bitcoin.

Examples

There are, of course, many different applications for assets, with hundreds already available. Here are just a few interesting use cases.

Mining

At present, the most common use of the AE is to create and trade dividend-paying assets – effectively shares of revenue-generating companies. Issuing an asset is a popular way of raising money for a new project. For example, mining enterprises can raise capital to buy ASICs by issuing and selling assets. The mining rigs using the ASICs then generate income in the form of Bitcoin or other PoW coins, which is exchanged for NXT and paid out to asset holders as dividends every week.

USD-pegged asset

Coinomat’s USD asset is tied to the US dollar. The idea is that this can provide a degree of stability within a crypto-portfolio, without necessarily having to cash out by selling the assets and transferring the money to a bank account (with the costs, time and inconvenience which that would entail). It also means that you can send USD over national borders for just a 1 NXT fee. Using Coinomat’s service you can withdraw your USD assets to any VISA / Mastercard.

Of course, the CoinoUSD asset’s utility/value depends on Coinomat honouring its promise to redeem it, and would be worthless if the company failed to do so; the concept therefore requires centralization to achieve its aims. You can read more in this article or on the NXT forum.

Reward points

Nxterpoints (NXTP) are reward points given to people who contribute to nxter.org. Every month, Nxter.org dividends out its net profit (generated by advertising, store sales and services fees) to all NXTP holders: writers, translators, editors, graphic designers, site developers etc. This means that any person who is having an influence on nxter.org’s net worth, gets monthly rewards in NXT through the asset exchange according to their contribution to the income. The dividends are transferred to their Nxt account for as long as they own the Nxterpoints, which can of course also be traded on the AE. You can read more about this groundbreaking reward concept here.

Company shares

Coin IPOs are commonplace in the crypto world, and after doing just a little research in the field you should realize that some of them are scams. It can’t be overstated that you must ALWAYS do your due diligence before investing in anything.

On the AE, it’s important to distinguish between revenue sharing assets and assets representing ownership (including voting rights) in companies. Here are some examples of each type:

Revenue sharing assets include BGCaffe, a South African café (with plans to expand), Lyth; an upcoming MMORPG based on Nxt features; FinHive (AI on the Nxt blockchain); Pangea, a decentralized poker game; Coinomat, an exchange accepting Nxt, Tradebots (NxtCoinsco) and a lot of revenue sharing mining assets.

Company stocks (shares of the entire company) include examples like Jinn Labs (which is developing a general purpose processor based on ternary logic); SuperNET; Nxt Mobile Applications Company (the company behind the Nxtty mobile messaging app), and more.

Crypto backed assets

mgwBTC, for example, is a crypto backed Nxt asset representing Bitcoin. mgwBTC is used by Multigateway, the distributed cryptocoin exchange developed on top of Nxt by jl777. You simply transfer your Bitcoins (or LTC, BTCD and what other coins are supported) to an address generated by the multigateway, and these are automatically made tradeable in the MGW exchange and on Nxt AE.

Software licensing

toknormal describes an example from the software development industry.

I am an independent software developer and I plan to use the NXT asset exchange to issue software licenses as follows:

[1] – a licensing component in the software makes a call to the NXT network and creates an account (instantaneous).
[2] – it writes the private key to disk and informs the user of the account number.
[3] – the user purchases one license unit from the NXT asset exchange.
[4] – on a subsequent launch (or periodically) the software detects the presence of the appropriate asset in the account it created for itself and considers the installation licensed.

InstantDEX: addition to the Asset Exchange

Nxt is among the fastest cryptos with 1 minute block times, compared to Bitcoin’s 60 mins. To some though, even this may not be fast enough. Step forward InstantDEX: A Nxt 3rd party service, and now also a core service of the innovative SuperNET project, which aims to provide its users with nearly instant transactions. It’s also an asset which will dividend out a percentage of the commissions  generated by the service; currently, it’s paying asset dividends to its investors from its holding of NXTventure.

jl777:

With the NXT AE, people are able to trade things, but there will be the blocktime to wait. 1 minute usually, but sometimes could be more. Also 1 minute will feel like a really long time if the market is changing dramatically.

The goal of InstantDEX is to offer realtime trading of NXT, NXT assets and other cryptos. there won’t be any centralized servers, there won’t even be an actual website as the GUI will be running locally. Just direct peer to peer trading in realtime.

The monetization model is very clear and simple. InstantDEX will not have any fees for withdrawals [or for changing a bid or ask] and the commissions will be set to 0.1% at first.

Caveat emptor!

The AE is completely decentralised and completely unregulated. The substantial benefits this offers – freedom, cost savings, lack of intervention, and so on – also come at a price. There is no hand-holding or policing, and scam assets can be and often are created. Whilst the community generally picks up on these relatively quickly, if you make a mistake then there is very little recourse as transactions are irreversible. As valarmg puts it, ‘When an unknown issues a new asset, it should be treated in the same way as a ‘Nigerian prince’ sending you an email. After a week of due diligence, maybe people could start thinking about buying assets.’

The bottom line: research, research and research. If a long-standing member of the community with a proven track-record issues an asset, there is more reason for confidence than if a newcomer does – no matter how impressive their sales pitch. Ultimately, the responsibility to check out an asset, its issuer and business plan is yours.

Nxt is a versatile, open source cryptocurrency platform. In this Nxt CORE article series we will dive into the main 2.0 features of Nxt. The first article was about NXT, the token itself, the second about Nxt ALIAS system, and the third about Nxt Arbitrary Messages. Upcoming: Nxt Marketplace (DGS), Nxt Monetary System (MS).

The information contained in this article does not constitute (and is not intended to constitute) any form of advice, recommendation, representation, or endorsement by the author or the web site owner and should not be relied upon when making (or refraining from making) any investment decision.

Relevant links

Nxter.org/assethub

Nxtforum asset board
Guide: How to use Nxt Asset Exchange

Read other articles from the Nxt [CORE] article series.
Also see: Nxt – The Economy Platform – Usecases for everybody

This article is also available in French.

Tutorial: Nxt Asset Exchange

  • What are assets?
  • The Nxt Asset Exchange
  • Browsing Assets
  • Buyer Beware!
  • Buying and Selling Assets
  • Cancelling an order
  • Order Priority
  • Viewing and Transferring Assets
  • Transaction Fees
  • Finding a Good Price
  • Due Diligence

What are assets?

Nxt assets are a convenient way to represent anything fungible and tradeable. An asset token could represent a bar of silver, a pizza redemption coupon, a share in a company, even a portion of a portfolio of other assets. By representing these things digitally on the blockchain, they can be publicly verified and easily traded.

The NXT Asset Exchange (AE) is based on the concept of the ‘colored coin‘. More specifically, the Nxt Asset Exchange is based on the ability of the blockchain to recognise and therefore trace the origin of transactions involving a coin or a set of coins which have been designated (or ‘colored’) to represent any type of asset you can imagine, whether digital (for example, stocks, bonds, smart property) or tangible (for example, cars, houses, precious metals etc).

The Nxt AE 

The Nxt Asset Exchange matches asset buyers and sellers, it works in a similar way to cryptocurrency exchanges. This tutorial will show you how to buy and sell asset tokens on the Asset Exchange.

All asset exchange operations can be accessed from the sidebar in the official core Nxt Client.

Browsing Assets

To view an asset, you’ll need to input the asset ID.

You can search for an asset via the search box in the top left corner in the client.

The search will open up a modal window, now click to view the asset in the Asset Exchange.

You can bookmark an asset by clicking the button in the top right corner.

Our ASSETHUB lists the most popular assets in a Top 50 with their unique ID.

Sites like https://mynxt.info/assets and https://nxtportal.org/assets list all available assets.

Buyer Beware!

A Nxt asset is uniquely identified by its ID number.

Asset names are not unique, this is to prevent names from being squatted on. So never rely on an asset’s name or description to identify it, always check that its ID number and the issuing Nxt account address match those announced by the asset’s issuer on e.g. their website/forum thread. There are scammers who issue assets with the same name as popular assets in order to try to trick people into paying for them.

We’ll use the Jinn asset, which represents profit shares from the Jinn project, as an example.

The Jinn asset’s ID can be found on Jinn Lab’s home page and on its announcement thread in the Nxtforum.

This is NOT the real Jinn:

Research any asset before buying into it, always. Check that the ID number is the correct one.

Where to get NXT coins

Buying and Selling Assets

First click the plus signs to open the buy and sell windows:

To buy an asset on the Nxt Asset Exchange, place a buy order indicating how many tokens you wish to buy, and how much Nxt you’re willing to pay for each token.

Selling assets is similar, but this is done on the right-hand side.

Check that you’re performing the correct action by reading the description on the button (Buying is converting NXT -> assets, selling is converting assets -> Nxt). Before you confirm your order, also check that you have the correct number of digits before and after the decimal point.

You can not bid for more than you can afford with the available NXT in your account. When you place a buy order, the total price of the order is automatically reserved from your account and cannot be moved or spent, unless you cancel the order. It will be deducted when the order is fulfilled.

You also can not sell more tokens than you have in your account, nor, of course, can you transfer tokens from your account whilst they are still up for sale.

Cancelling an order

You can see all your unfulfilled orders under ‘Asset Exchange -> Open Orders’. Unfulfilled orders can be cancelled at any time subject to payment of a transaction fee; once the cancellation of an order has been confirmed, the reserved NXT and the tokens that were for sale are released back to the account holder’s control.

[easy-social-share]

Order Priority

Buy orders are prioritized:

  • first by price (higher bids have greater priority);
  • followed by the block height when they’re added (bids in earlier blocks have greater priority);
  • followed by the transaction ID (bids with lower transaction IDs have greater priority).

Sell orders are prioritized similarly, but lower offers have greater priority.

Higher priority orders are fulfilled first.

Viewing and Transferring Assets

All assets in your account are listed under ‘Asset Exchange -> My Assets’.

Click on ‘Transfer’ at the right-hand side to send asset tokens to another account. Currently you can only send tokens of the same asset in a single transaction; you’ll need to make a separate transaction for each asset you want to send.

You can also “burn” (effectively destroy) assets by using the “Delete Shares” button.

Transaction Fees

Like most other transactions that add to the blockchain, it costs 1 NXT to place or cancel an order, or transfer an asset. The transaction fee is deducted from your account when the block containing the transaction has been confirmed.

Finding a Good Price

If your bid price for an asset is low, nobody may be interested in selling at that price, or it may be a long time before any higher priced buy orders are filled or cancelled and someone accepts your price. The order books and recent trades (below the buy and sell windows) can help you find a good price.

Such recent price information can help you execute a trade quickly, but the price you have paid may not reflect an asset’s true value longer term. Beware of placing too much reliance on short term price movements, otherwise you might end up panic buying or panic selling which is a sure way to lose money. You need to take into account all available information regarding an asset and its issuer in order to reach a properly considered decision about the asset’s worth.

Due Diligence

Before buying an asset, you should at least understand what an asset represents and clarify any doubts with the issuer. On NXTER.ORG’s ASSETHUB you can read in depth asset research and find a Top 50 list over the most popular assets on the AE. Many assets are discussed on the nxtform.org assets sub-board https://nxtforum.org/assets-board/ and the Nxt Projects sub-board https://nxtforum.org/nxt-projects/. Here you can talk to asset issuers and other investors.

You should check that the asset issuers are who they claim to be. So, for example, if someone advertises shares for profits from running a restaurant, you’d want at least to check that the restaurant exists, that they own the restaurant, and they know how to run it. And for profit shares, you’d also want to check that your expected dividends justify the cost of the shares.

A good question to ask yourself is: “How likely is it that the asset issuer might disappear with any Nxt gained from asset sales, rather than follow through with their promises?” For example, if the issuer is anonymous, stands to raise a lot of Nxt from initial asset sales, and/or their stated plan for the asset seems very unlikely to be favorable for them, then they have incentives to just run away with your Nxt. But if, on the other hand, the issuer has a reputation that they want to protect and build on, and they have a sound business plan that stands to make them a lot more Nxt than the initial asset sales, then they have good reasons to honor their promises. Weigh the risks against potential returns before deciding if, and how much, you want to spend on an asset.

Usually it’s more accurate to describe asset tokens as a promise to the asset holder by the issuer to, for example, exchange the token for a bar of silver, or pay dividends from company profits. The Nxt network cannot enforce these promises, it’s your responsibility to check that the issuers can make good on their promises, and it’s for you to decide whether or not to accept the risk that they may not do so.

Regardless of how much due diligence, or even active involvement with the asset, you undertake, things beyond your control can still happen. Even the most trustworthy and capable people can be hit by the proverbial bus. Remember the standard advice regarding any type of financial  investment: never invest more than you can afford to lose.

Disclaimer: The information contained in this article does not constitute (and is not intended to constitute) any form of advice, recommendation, representation, or endorsement by the author or the web site owner and should not be relied upon when making (or refraining from making) any investment decision.

Sorted Asset List

The purpose of this list is not to play police but to be a place where any investor can do some research before investing in any assets. Treat this thread as an Asset Directory for the time being, a short term solution for new comers and new investors. 

New to Nxt AE?
Consider reading these articles first:

Nxt [CORE]: Asset Exchange
Guide: How to use Nxt Asset Exchange

For more information on tradings for these assets please use this link:

1. https://www.mynxt.info/assets

WARNING: This list has not been updated for a while. Some of the assets may be abandoned.

The Nxt AE is a decentralized market, asset issuers and scam assets can not be banned or removed from the blockchain, only downvoted and avoided so please do your own DUE DILLIGENCE.

Please use and contribute to: https://nxter.org/assethub


Assets listed

  • CryptoCoins – No dividend payment
  • JL777 Group – With dividend payments
  • Joint Projects SN & NXTventure
  • Multigateway
  • Investment – Investment funds
  • Investment – With dividend payments
  • Investment – Physical Companies
  • Applications – With dividend payments
  • Projects supporting NXT

AE_banner

Crypto coins Type: No dividend payment(2)

* Please report immediately if you find the link to Asset Board thread is broken or that there is an asset missing from this category.

 JL777 group – with dividend payment (7)

  • SuperNET → ID: 12071612744977229797 → Web
  • NXTventure → ID: 16212446818542881180 → More infoMore info
  • InstantDEX → ID: 15344649963748848799 → More info
  • jl777hodl → ID: 6932037131189568014 → More info
  • NeoDICE → ID: 18184274154437352348 → More info
  • NXTcoinsco (Tradebots) → ID: 17571711292785902558 → More info
  • crypto777 → ID: 13476425053110940554 → More info

* Please report immediately if you find the link to Asset Board thread is broken or that there is an asset missing from this category.

Joint Projects SN & NXTventure (6)

  • FreeMarket → ID: 134138275353332190 → More info
  • NXTCS → ID: 12658817572699179955 → More info
  • Pangea → ID: 6883271355794806507 → More info
  • Jay → ID: 8688289798928624137 → More info
  • Skynet → ID: 6854596569382794790 → More info
  • MyNxt→ ID: 2176003302076381931 → More info

* Please report immediately if you find the link to Asset Board thread is broken or that there is an asset missing from this category.

Multigateway (9)

  • MGW → ID: 10524562908394749924
  • superBTC (Bitcoin) → ID: 12659653638116877017
  • superLTC (Bitcoin) → ID: 125609428220063838
  • superBTCD (Bitcoindark) → ID: 6918149200730574743
  • superVRC (Vericoin) → ID: 9037144112883608562
  • superBITS (Bitstar) → ID: 13120372057981370228
  • superDOGE (Dogecoin) → ID: 16344939950195952527
  • superINFX (Influxcoin) → ID: 5378783389140157313
  • superSYS (syscoin) → ID: 15767200156607801771

* Please report immediately if you find the link to Asset Board thread is broken or that there is an asset missing from this category.

Investment – Investment funds(2+1)

  • CORE → ID: 18026565504333172181 → More info
  • NEXT → ID: 5504266111917554921 → More info
    • BOND → ID: 2269284270297846281 → More info

* Please report immediately if you find the link to Asset Board thread is broken or that there is an asset missing from this category.

Investment – With dividend payments (12)

  • Coinomat → ID: 6220108297598959542 → More info
  • Coinomat1 → ID: 7474435909229872610 → More info
  • CoreMedia → ID:1584198250936051677 → More info
  • NXTUSD → ID:1938368828495773639 → More info
  • DeBuNe → ID: 6926770479287491943 → More info
  • EPL2016 → ID: 4347550005568983492 → More info
  • Index → ID: 13634675574519917918 → More info
  • LQD→ ID: 17750387231635486778 → More info
  • MMBTCD → ID: 8122396658538927693 → More info
  • NxtPlugins → ID: 3779904130149819589 → More info
  • SIGWONET→ ID:12628887590172965573 → More info
  • TVE → ID: 10848741160900045194→ More info

* Please report immediately if you find the link to Asset Board thread is broken or that there is an asset missing from this category.

Investment – Physical Companies (3)

  • FARLAWEB → ID:17491339106794048806 → More info
  • HdgFundNXT → ID: 10160127190599911503 → More info
  • BGCAFFE → ID: 2978798152942226372 → More info

* Please report immediately if you find the link to Asset Board thread is broken or that there is an asset missing from this category.

Applications – With dividend payment (3)

  • Jinn → ID: 3061160746493230502 → More info
  • Nxtty → ID: 18128686802152832026 → More info
  • Newbium→ ID: 4207789768563155290 → More info
  • Scavenger→ ID: 4229113651443629513More info

*  Please report immediately if you find the link to Asset Board thread is broken or that there is an asset missing from this category.

Projects supporting NXT (5)

  • NXTP → ID: 17290457900272383726 → Web
  • NXTSecurityCoin → ID: 6775372232354238105 → More info
  • NXTblocks → ID: 3374201242031203848 → More info
  • Consensus Research → ID: 5841059555983208287 → More info
  • clubnxt → ID: 172381791830552501→ More info

* Please report immediately if you find the link to Asset Board thread is broken or that there is an asset missing from this category.

 

Original author of this article: Darkhorse, edited by RubénBC

Note: I am not perfect, so I may have missed some of your assets; if I have, please make contact, and I will add them to the list as I go. For the time being I am going category by category to make my life easier. I am still experimenting on the most efficient format of information sharing, so let’s discuss if you have any ideas to improve this. Anyone is welcome to help me in compiling the information. 

Nxter.org pays Nxterpoints (NXTP) for asset updates. Chip in.
Also, if you are an asset issuer and want further exposure on this site, please contact us.

———————————

The information contained in this article does not constitute (and is not intended to constitute) any form of advice, recommendation, representation, or endorsement by the author or the web site owner and should not be relied upon when making (or refraining from making) any investment decision.

Nxt – The Economy Platform For Professional Traders

Nxt features an integrated exchange in which many different kinds of assets and currencies are listed for sale. We call it the Asset Exchange.

  • Secure and Minimal Cost Trading
  • Market Making
  • Dividends, Suffrage and Capitalization for Shareholders [coming in 1.4 and 1.5]

Not a trader? Have a look at Nxt – The Economy Platform to find out what else Nxt has to offer.

Secure and Minimal Cost Trading

Since the global financial crisis, we all know that the banks and regulatory authorities in our home countries cannot ensure that our money is 100% safe. This lack of trust is driving the wider adoption of cryptocurrencies as a medium of exchange. However, even exchanges for cryptocurrencies are no exception here; a notorious example being Mt. Gox, which jeopardized its customers’ funds because of its technical, security-related and financial shortcomings.

Again, we trusted the competence and integrity of the people who are in charge of these centralized exchanges. Such risks, however, simply do not arise when trading on a decentralized exchange as integrated in Nxt. Moreover, in addition to the security guaranteed by its decentralization technology, the exchange executes your orders for a minimal fee.

Web-based interfaces like SecureAE provide easy access and further tools to manage your portfolio on the integrated exchange. Please note that all centrally managed Web applications, like SecureAE, are free to filter the data on the blockchain or to alter its appearance in order to provide a smoother user experience and to comply with the requirements of their particular jurisdictions.

Market Making

Nxt enables the creation of markets for a potentially unlimited range of assets and currencies. These are the things you can trade for profit on the integrated exchange:

  • NXTs
  • shares issued on Nxt
  • other kinds of assets
  • currencies based on Nxt [coming in 1.4]

Dividends, Suffrage and Capitalization For Shareholders

Nxt provides the necessary tools to interact with shareholders:

  • the ability to declare dividends [coming in 1.4]
  • enabling shareholders to participate in important decisions [coming in 1.5]

Further Reading and Development Resources

Available on http://nxtinside.org/

[The latest release of the Nxt Reference Software (NRS) is 1.3.4.]

You need more? ;-) Have a look at Nxt – The Economy Platform to find out what else Nxt has to offer.

Nxt – for Entrepreneurs, Indie Artists and Companies

Nxt features tools for entrepreneurs, artists and companies to manage their ventures:

  • Crowd Funding
  • Sales and Distribution
  • Brands

Crowd Funding

Going to start a new project but haven’t yet got the required funding? Or, perhaps you have an idea for a new product but you are not sure of its prospects for success and therefore need a stronger financial buffer.

Crowd funding has never been easier. Using the simple ‘Issue an Asset’ menu, you can quickly create an asset related to your product or service which others can then purchase, thereby demonstrating their support for your project. Thus, you receive both the necessary funding for your project, valuable publicity by virtue of your asset’s listing on the integrated exchange and a sense of the likely extent of your project’s appeal.

Furthermore, you will also be able to use the Nxt platform (starting from version 1.5) to ask for your assetholders’ help to make strategic decisions by using the voting platform.

Sales and Distribution

If you already have a production-ready product or a ready for delivery service, the integrated marketplace makes it even easier to develop your customer base, for example, by offering discounts to build customer loyalty.

In order for your customers to find your products, Nxt allows you to mark them with up to three custom tags of your choice. Your customers can also leave valuable feedback for you after they have purchased something from you.

Among the first people to use the Nxt marketplace were artists selling their pictures, writers selling their articles and books and independent musicians (so-called ‘Indie Artists’) selling their songs. Besides creative industry products, domain names, vouchers, properties and much more are for sale on the marketplace right now.

Brands

Being cool and memorable are the essential attributes of brands these days and your goods and services deserve such branding as well. With Nxt you can reserve a unique branding for your products and use it for marketing purposes. In Nxt, brand names are known as ‘Aliases’.

If you do not want to use your brand name anymore, you can simply list it for sale or release it for public use.

Further Reading and Resources

Available on http://nxtinside.org/

Not pursuing a venture or an artistic project?
Have a look at Nxt – The Economy Platform to find out what else Nxt has to offer.