Introducing: JNSHash Mining

The Janus Team has just released a video teaser for a side project they call JNSHash.

Naturally, this small rather mystic video from the Janus Team (and one of the few signs of life and evolvement from them in a long time) was soon followed by questions in their community Slack, and thus, also some very welcome answers from the team:

Q&A

ropes [5:34 PM]

ok so
Janus now has a mini mining setup?

ascendus (Janus PR manager) [5:43 PM]

This is side work Bjorn and myself are working on to grow Janus back to proper value combined with business site delivery. This is the beginning of a farm expansion and will be part of JNS revenue. The final values cannot be disclosed until all machines are assembled and tested.

We will have more information once the acquisition of machines has completed over the next 2-3 months.

crowne [6:16 PM]

When I invested in JNS I didnt sign up for no mining….but I’ll wait to speak: this may be a good idea or it may be bad….Since Russia is getting into mining as well as N. Korea…My only question: what coin is being mined?

ascendus [6:20 PM]

@crowne, We have been mining over *12 coins* steady and convert portions to NXT and others that show promise. So it is a combination of positive income from both mining and trading.

Our office has secured 4 cents per kWh with the local electric company. This is all the information that I am able to release for now. Please note, this side business is something just bjorn and I work on while developers finish the sites. Separate but part of Janus as a whole.

krjalone [6:28 PM]

Why not. Its side work and adds more value to Janus. Been mining too from 2013 so I am a bit familiar with it too.

Update: The JNS business sites

Lobos, (Janus’ lead developer) jumps in here [6:33 PM]

On a related note,

I am able to report that most of the dev work for our first-to-be-released project has been completed and that we’re mostly down to expanding what the UI can do, load testing and general bug testing/squashing.

Work on our second-to-be-released project is also progressing and now, after the summer break and a few personal crises which cost time and focus, has our full attention.

So even though we’ve been quiet, we’re still working on getting stuff done and making progress.

We understand our investors’ concerns and appreciate their faith in us. We do not intend to disappoint any of you.

bjorn_bb (Janus’ director of marketing) [8:55 PM]

Thank you for taking time from your day to converse and view part 1.
You will notice, when I panned the camera, an empty rack in the video.

This was symbolic.
And its labeled part 1 for a good reason.

Have a great week everyone thanks again for the support you give our team publicly and in private.

Janus (JNS) AE News page | janustoken.com | Twitter | YouTube | Slack #janusproject

 

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.

Janus – about Trademimic.com

ascendus [1:48 AM]

About *Social Fintech/Trading* ( trademimic.com ) :

We plan to build a site and platform that allows experienced forex traders to set up account profiles. These traders will have their own private ‘rooms’ that will allow them to connect people to their trades, charts, and calls all in one place.

Private chat will be enabled, and each follower who signs up to them will gain access only by paying a monthly subscription fee. The day traders will no longer need to worry about collecting payments from each member as our site will handle this and take a small percentage fee.

We will offer people numerous methods to expand their following, full social media integration and privacy that can only be unlocked through subscription.

Advanced traders will have a link that directs their social media followers to our site and their private rooms. This will enable our team and users to promote user acquisition on a very large scale.

Traders will be inputting their TA/charts and market indicators to predict where they think the markets are moving, paid subscribers will have access. Traders will be scored using an automated process based on the success of their calls, and potential followers will be able to see these scores and current followers recommendations prior to signing up for each signal caller’s private rooms.

Our team has some experience in the development of forex trading bots. We plan to create an in browser gui to configure various trading strategies and put traders in the position to backtest these using a multi threaded approach which will dramatically shorten the time required to backtest trading strategies when compared to packages such as MT4, etc. This will be marked as part of a professional package within the social fintech site and carry a higher price but should prove extremely valuable for end users.

There are more options that will be added over time until our business becomes the primary source for all interested parties to convene. We will, of course, run heavy marketing and gain user feedback, then apply suggestions when appropriate to further make the entire user experience amazing for all our users.

Website: https://janustoken.com

Dedicated asset page: https://nxter.org/janus

 

 

Source: https://nxtchat.slack.com/archives/C302TRJAV/p1503877707000035

JLRDA scam assets

The following 3 asset ID's have beenblocked from Nxter.org's NxtAE Top 20:

3043188384369335379
Issuing account: NXT-A5UQ-4BGW-F7L2-9AAZE

9154543394087885074
Issuing account: NXT-V79Z-RQ5X-XXJR-H8P87

6590715851339385031
Issuing account: NXT-A5UQ-4BGW-F7L2-9AAZE

BUYER BEWARE!

These assets are NOT official JLRDA tokens and we consider them to be SCAM ASSETS!

For information about the ongoing JLRDA ICO please visit https://jelurida.com/ico

 

Related posts:

Janus Status Update

bjorn on July 19, 2017, 10:46:00 pm:

As you may have noticed, things have been a bit quiet lately. This post is an attempt to explain what has happened over the past few weeks and to clarify our outlook for the future.

Active Sites and Dividends

a) As you probably know, we got involved with the ETC (Ethereum Classic) community. As an icebreaker and to prove that we’re men of our word and know what we’re doing (more on this later), we launched ETCBets.com , an upgrade of our existing codebase to use websockets as a transport layer which gives our site awesome betting speed and massively reduced server load. The site was well received and some of the site profits were distributed to both the ETC dev team(s) and Janus holders.

b) Parallel to this, BetterBets.io is still running and processing bets using both BTC and NXT. While it’s initial reception from the NXT community was quite positive, traffic has dropped quite a bit over the past 2 months. Part of this may be our fault because we’ve been focused on our future businesses and have not done a lot of promotions and marketing; another factor contributing to the drop in traffic may be that the NXT community is simply too small to sustain large betting volumes now that the initial site ‘newness’ has worn off.

c) Since betting is an unpredictable business and lady luck can’t be relied upon to always smile our way, ETCBets.com profits in May were basically wiped out by a lucky (and/or skillful) player who managed to win a large pot. The same player came back in June and repeated his performance, leading to another low dividend month for Janus holders. Our feeling on this are (of course) mixed. On the one hand, we don’t mind players winning and our investigation showed that this player’s winning were legitimate; as such we can only congratulate him on his success (on a sidepoint, the fact that this player was able to win a significant amount of ETC should serve as proof that we run an honest and fair casino). On the other hand, since we own the bankroll and could not distribute any significant dividends to Janus holders we’re a bit saddened by our loss. But such is the gambling business, you win some and you loose some.

d) Adding insult to injury, in early July a flaw in our site was discovered and an attacker managed to make off with about 490 ETC. Due to the fact that we have certain safeguards in place the attacker could not extract more than his amount from our site, but the loss, while not crippling still hurts. We put the site into maintenance and have since re-engineered the code which was responsible for the exploit. As of 2 days ago the site is live again with dice bets; Parabolic will be put live during the course of this week. To be clear: our server was not compromised and the majority of our bankroll remains unharmed and in our possession.

Future Plans

a) We have reached an agreement with a new developer who will join our team before the end of July. We hope that the addition of this developer will lighten the workload of our main dev (Lobos) and allow us to speed up development of our new sites.

b) We have always said that we will not put all our eggs in one basket. As such, we have for some time had plans for some side initiatives which at least deserve a shot to see if they can grow into viable businesses. One of these initiatives is about 50% complete and it will be the task of our new dev to take the code we have so far and bring it to completion.

c) In addition to everything else which has been going on, work on our first mainstream site – TradeMimic.com – has begun and some basic pieces of functionality are starting to come together. There is still lots of work to be done for this site and completing it will be our devs primary focus for the remainder of Q3. We will keep everybody posted on progress and hope to invite some of our Janus investors to be beta testers when the site/code is ready for that.

Yours in business,

– The Janusproject Team

Website: https://janustoken.com

Dedicated asset page: https://nxter.org/janus

 

 

Source: https://nxtforum.org/index.php?topic=13032.msg234000#msg234000

The Adel ICO is now live

The Adel ICO is live

TIME LEFT

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The long awaited crowd sale of Adelphoi tokens is without a doubt one of the best prepared and promising current Initial Coin Offerings out there, launched with an impressive amount of documentation in the form of several White Papersdetailed project’s proposals, informational videos, and Frequently Asked Questions, all released on the project website, https://adelphoi.ioover the past few months.

ADL

Up for sale are 28,333,333 Adelphoi tokens (ADL) out of 33,333,333 ADL released in this first ICO round (5M is to be allocated to the Adel team). The value of an ADL coin will be calculated at the end of the ICO based on the value of the BTC (and altcoins) collected.

ADL is the cryptocurrency to be used inside the Adel economic ecosystem. Adel members can introduce use cases on any blockchain platform, including Nxt, Ardor, Ethereum, Ethereum Classic, Waves, Lisk, NEM, Stratis, and Byteball, among others. Throughout the deployment stage, returns from projects are redistributed to stakeholders using the ADL coin.

Soon after this ICO ends, participants will be able to trade their ADL. Coordination with centralized exchanges will happen during the ICO, and "the attention brought on by the ICO will be leveraged", says Travin Keith, Adel's marketing consultant. The ADL currency will also be tradeable on the Nxt Asset Exchange right away after it is distributed.

Across three rounds of ICO, a total of 100 million Adelphoi (ADL) will be released to the market.

What is ADEL?

Adel is a blockchain agnostic startup accelerator, powered by Nxt technology and with a global community aimed at developing, supporting and funding innovative startups using blockchain technology.

The Adel ecosystem consists of stakeholders, registered community members, staff, a Project Review Committee, and the Adel Board. Their vision is to create an ecosystem of innovative projects where members can participate in submitting ideas, building business plans, and successfully deploying projects. Adel offers a decentralized alternative to traditional seed funding and angel investments by combining social media with venture capital.

Startups will be decided by the Adel community after a review by the Adel Board and the Adel Project Review Committee. Successful ventures will be developed and issued as rewards to Adel’s stakeholders and backed by a future legal entity that will establish the Adelshare (ADS) equity token.

After the first ICO phase, Adel will introduce the Adelshare (ADS), a token which will represent a member’s equity stake in Adel projects. Participants can buy these shares using their Adelphoi (ADL).

Organisation

The Adel Board is:

Jan Lamser - Legal & Operations
Gabriel DusilMarketing & Strategy
Michal Vavrek - Research & Development (R&D)

Jan Lamser, Co-founder and Board member, states:

The role of the Adel Board, alongside the Project Review Committee, is guiding and curating the activities of the community and ensuring a unique and regulated environment for fundraising and investment. Our incubator structure provides both financing and management expertise from blockchain and business experts around the world.

Soon after the end of this 1st ICO round, the members of ADEL’s Project Review Committee (PRC) will be announced. The PRC will guide and help the Adel R&D team and innovators, evaluate and approve projects, as well as participate on forums to discuss the projects with the community. 

Adel will comply with legal requirements relating to cryptocurrency exchange, governance, trading, and taxes. Adel will ensure regulatory compliance and the satisfaction of legal requirements in all markets where Adel operate. Therefore, any projects that do not meet these requirements will not be approved. This ensures the integrity of the Adel ecosystem while also protecting the integrity of each member in the community. 

Use of the ICO funds

30% will be allocated for Adel operations.
70% will be used to fund projects launched on Adel.

ICO

Bonuses

The bonus refers to the amount of ADL the participant in the Adelphoi ICO will receive:

20% bonus

▲  First 3 days  ▲
12:00 (noon) UTC on May 1st till 23:59 UTC on May 3rd


15% bonus

Next seven days
 00:00 UTC on May 4th till 23:59 UTC on May 10th


10% bonus

Next seven days
 00:00 UTC on May 11 th till 23:59 UTC on May 17th


5% bonus

Next seven days
 00:00 UTC on May 18th till 23:59 UTC on May 24th


0% bonus

 Last seven days
 00:00 UTC on May 25th till 23:59 UTC on May 31st


The 1 BTC threshold

Only members who have contributed over 1 BTC will be invited to the community, and only those in the community will be able to purchase Adel company shares (ADS), once the legal entity and license are established.

After the first (ongoing) ICO the minimum to join the community will be increased to 2 BTC (in equivalent ADL).


Carry-over Bonus

With the exception of the first three days’ bonus, which entitles a carry-over bonus of only 15%, participants maintain the same bonus if they decide to increase their contribution in the following weeks of the ICO, provided the sum of their initial contributions in a given stage is over 1 BTC.

Participants contributing over 20 BTC will receive a bonus of 15% no matter when they submitted their first contribution.


Escrow

During the ICO round, the raised cryptocurrency is immediately placed into the 5 out of 6 multi-signature escrow account provided by BitGo.

30% of the BTC escrow funds will be released shortly after the ICO (1st of June 2017) to Adel Ecosystem Limited to continue paying developers, legal services, and support costs.

The remaining 70% of the BTC escrow funds will be released to Adel Ecosystem Limited after the investment structure of Adel’s second phase is established.


If Adel Ecosystem Limited does not raise over 900 BTC in the first ICO round (the minimum threshold), then community members will vote if Adel continues or if the remaining funds are returned to the ICO participants.

Janus News summary – April (II)

Welcome to an end-of-the-month summary of the latest Janus news;

May 1st Dividend

If you still have Janus (JNS) on c-cex, remember to send them to a Nxt account you control. Your Janus profit share payment will follow your Janus tokens – if your tokens are on a centralized exchange on the 1st of May when the Janus dividend transaction is submitted, the exchange will receive your dividend!

Oh. Bjorn just stopped by Slack:

bjorn_bb [1:58 PM], today:

Just popping in before I lose internet. I was doing some last minute security and pc maintenance and found an old litecoin wallet from several years ago. For transparency reasons I converted it to NXT and will just add the funds to your dividends. I’m doing this because two primary reasons.

1. It’s my funds from a time I just dabbled in trading and mine to do as I feel best.

2. I really am happy and proud of this community.

That is all, have a great weekend everyone.

JNS distribution

The 2nd distribution of Janus (JNS) tokens sold out faster than expected.

On April 13, Bjorn announced that it would be the final Janus distribution ever, and added:

We will reduce total Janus in existence to 25,201,489 JNS.

To allow investors to buy JNS with BTC and keep their NXT for the upcoming IGNIS distribution (which will be based on the amount of NXT coins in your account at the time of the Ardor Genesis block), the remaining Janus tokens were moved from the Nxt AE to c-cex:

On April 20, the 2nd and final distribution of Janus (JNS) sold out on the Nxt AE and c-cex.com.

72M+ Janus tokens (JNS) burned

72,067,503 Janus tokens were instantly burned.
The total of Janus tokens in existence is thereby reduced to only 25,201,489.

Bjorn writes:

This leaves 16,201,489 in circulation, assuming none of the JanusXT holders leave the project.

JanusXT spots all sold out

On top of this, the final JanusXT spot has been sold.

https://twitter.com/FloatingLamps/status/857596192435441665

Upcoming ETC bonus + extra income stream

The Janus team is preparing for an early May launch of their ETC community site.

We will soon be launching a community-centric use-case for Ethereum Classic.

We are very close to finishing, however developers need a bit more time to ensure Ethereum Classic wallet security is on par with our standards, as well as,  testing multiple areas of the site and correcting issues we are finding.

Rest assured, our team is working 70-80+ hours per week to ensure a positive impact for the ETC community and Janus community on our project.

There will be a launch bonus for Janus holders, as well as a welcome bonus for ETC community members: 2 ETC per Janus slack user / Ethereum Classic community member. 200 ETC per community for trying the new service out. Bjorn and Luis will give instructions how to claim to cut down on duplicates.

Luis explains:

A google form registration will be needed. Bonus applies to the first 100 who sign up. Must be Janus/NXT slack current user.

and bjorn_bb continues:

Ethereum classic slack will receive the same so it’s a great time to meet new people talk crypto, find common interests, and in general build the growing overall Janus community. Also to have fun..!

10% of the ETC site’s profit will be paid to Janus (JNS) holders, 10% to JanusXT holders, 10% to the ETC developers in turn for their help with pushing the site and helping Janus, and 70% goes to the Janus Team.

Exchanges

Some in the community have voiced that they’d like more centralized exchanges to add JNS.

The following exchanges have been contacted by the Janus Team. “Most exchanges just need to know that people support the project, they are in the business of volume and need an indication of profit. So, this is a way for the community to help: take a moment and select the tweets you want to spread”, writes Bjorn.

The brand new stocks.exchange has also listed Janus and states that you will receive dividends here without assets withdrawal. If volume picks up, this may turn into a fine option for traders, just remember that it’s a centralized exchange and never as safe for storing your assets as your local Nxt Client.

Janus member Q&A 

The Q&A with Janus’s new team member will have a date set shortly after the ETC business launch.

Bjorn writes:

I promise you don’t want to miss the big reveal on the man that will become much of the face for our large mainstream sites and his amazing global contact outreach. The NXT Foundation will help host [the Q&A] along with the rest of our team.

Social Trading is our first bridge from crypto to mainstream. Forex/crypto trading on the same site.

That’s all for now, folks. Sit back, wait for your NXT balance to grow on the 1st of May, and check the dividend tx details in the account ledger. The dividend transaction ID will also be posted here and on the forums.

Do not miss a Janus update, join their Slack channel, and follow their social media channels.

More Nxt assets can be explored on nxter.org/assethub.

Janus news summary

The Janus project team has been dropping hints and updates in their Slack channel, as well as announced some significant changes for the Janus project, which are going to be implemented.

Here's a summary, to Janus holders but also to those who still hold back from investing in Janus.

Burn Janus, Burn!

22,500,000,000 Janus tokens were issued on 5-Aug-2016, 06:31 pm.
There was an ICO. Then there was an NXT token sale. And community building.

On April 13, Bjorn writes:

We will reduce total Janus in existence to 25,201,489 JNS.

5 Million of that will be kept on the main Janus account (they receive none of the dividends, therefore do not detract).

2.5 million for our team's holdings, 2.5 million for community efforts/bounties in the future and the like, 2 million will go to the final JanusXT holder when he/she comes to us.

This leaves 16,201,489 in circulation, assuming none of the JanusXT holders leave the project.

When the 2nd distribution of Janus tokens on c-cex.com and on the Nxt AE have been sold out, NO MORE tokens will be sold by the Janus Team.

July 3rd is the end date of the 2nd distribution, plus the last chance to support the Janus team directly. Remember that any buy from the team is an investment in the team's work, which aims to make your investment worth.

bjorn_bb:

After July 3rd the market will be fighting each other for tokens.

We decided this is best to carry all who are in since December until this July with us. Then after latecomers will have to pay more premium. By premium I mean they gonna be buying it from you all.

However sells could get ever scarce as the passive income becomes the level we want, and I plan to add Janus as a payment option to 2 sites for a continuous buy up driver. The key is making a discount enough to take the time to buy and use it as payment. If a service on social trading site is 400 USD for example a 25% discount paid via Janus tokens should motivate. This then feeds us tokens, causes market push, and should in theory drive volume.

 

New sites, better Dividends

Janus holders can expect an addition to the monthly NXT profit share from the BetterBets.io Casino, “people who aren’t a fan of dice may really like this one,” bjorn_bb writes.

Janus holders will get 90% of the NXT profit.

  • A new blockchain based business site will launch soon after;

This is an unexpected evolvement, and the new site's going to add an extra revenue stream to Janus and JanusXT holders. 10% to Janus holders, 10% to JanusXT holders, 10% to the "outside developers" for helping push the site + also helping Janus, and 70% to the Janus Team.

  • In May, a new site will be added to the JanusXT holders' portfolio of income sources

This site will easily be replicated to many areas of pop culture. And yup, it's just one of the advantages of being an XT holder.

Janus XT

Want to get JanusXT?

 

New team member

A new and influential member has joined the Janus team. Who this person is, will be announced soon. His work will begin with the launch of the social trading site.

Bjorn writes:

His job won't be like ours, he may work 20 hours a month but what he can provide is priceless. I am proud of what I can do, but he can open doors that are impossible for even top marketers. It's hard for a new guy to come into a team working together for so long, but he's everything I realized when we met last summer. I just didn't think he would be interested in joining until January. 30+ years of experience in numerous fields and industry very few have direct access to.

We are coordinating with the Nxt Foundation to get his identity verified for you (I assume you all trust their word by now). Once that's done we can roll out the QA with him on a yet to be determined medium, end of the month.

His passport has been sent to the Nxt Foundation who will talk with him and confirm his identity. When the QA comes there will be no doubts about his authenticity and we will see why this verification process was important. "So that we aren't making some crazy claims", writes Bjorn.

The social trading site

Bjorn has revealed the name of the future site: www.trademimic.com

Janus' aims to hit the mainstream with this site, which will soon be beta-released and tested inside the community, then soft-launched in July.

Bjorn writes:

Trademimic.com is focused on Forex, but as we said in December, it will have altcoin options and Bitcoin. Subscription based. And there will be tiered packages. More options higher price.

We'll finish up with the social trading fintech site by July. Then market like mad. Our new team member's first major assignment will be that site.

-

Do not miss a Janus update, join their Slack channel, and follow their social media channels. More Nxt assets can be explored on nxter.org/assethub.

Janus Token Distribution 2

The next round of Janus (JNS) tokens will be released on March 4th.

Distribution + burning will equal 10.5 mil. "The people who helped create this distribution plan are long term holders with intent for best Janus success possible", Bjorn writes.

- "It's a joint effort between us and our community and will be each time. This way it never becomes one sided. Remember each distribution covers a 4 month period. During this time we can evaluate the impact of each revision and make changes on the following distributions for a positive result for both project funding and market sentiments".


Janus Token Distribution 2

March 4th - July 3rd, 2017

Name: Janus

Token asset ID:
4348103880042995903

The batch is 10,500,000 Janus (JNS)

-

2 million Janus (JNS) tokens
will be set on two exchanges at 3 NXT per token:
1.5 million Janus on the Nxt Asset Exchange,
500k on C-cex.com exchange to give a BTC/JNS option for purchase.

-

Four million JNS tokens will be set aside allowing for the ability of two
people to reach the 2 million token requirement for tier 1 dividends (JanusXT).
The rate per token is set as follows: 2.25 NXT per JNS - a 25% savings from the market price.
(BTC or Ardor payment options also accepted, contact us for current market price)

-

Two million JNS tokens in 2 allotments of 1 million Janus are set aside for those wishing to make a large investment into Janus but who are not able to go for XT status. Each is sold at a rate of 2.75 NXT per Janus - a savings of 8.33% off the market offer price.
(BTC or Ardor payment options also accepted, contact us for current market price)

-

2,5 million Janus (JNS) burned
The Janus team has reduced the total supply of Janus through a currency burn of 2.5 
million tokens

-

For the large buy-in options contact the Janus Team via
slack or email bjorn @ janustoken.com to complete the transaction.

If any unsold tokens exist they will return to the Janus distribution account to be used for future quarterly disbursement. Another small thing to take note, when the distribution hits, Janus' market cap will jump from the new tokens in circulation. Over time keeping the project unnoticed by the general crypto community may get more difficult.

Source: https://goo.gl/SeIfI8

Janus @ /assethub

[NXTBridgeAssetStock id=4348103880042995903]


What's cooking behind-the-scenes?

Bjorn, Janus Team's concept developer and marketing director, reveals in Slack:

The Janus developers are in full swing coding 2 sites that will launch before July. The other half of our team is immersing in the forex community now. Getting prepared for the social fintech site, I've started reaching out to traders with social followings that are in excess of 1000 people. We should have several professional traders ready after beta ends.

Janus users will get first looks and testing though then beta will pull more until we feel confident V1 is ready to go live. Everything looking very solid, more news to follow on that in 30 days.

Our team will not pursue US exchanges as their policies are vastly different than the rest of the world. So if they do list JNS then great, but it's not a focus, dividends and US seem to have issues, and Janus tokens for us are a vehicle to deliver profit sharing.

If the community gets JNS listed at various places then fine, just be sure to return the tokens to your Nxt accounts to collect revenue each first of the month. Otherwise, it goes to the exchange, which is nice for them but not for holders.

Some may have missed it, but this project isn't really a project, it's the life work for at least 2 of my team; Lobos and I. It's our end goal, retirement. Create empire, then grow empire, then future generations take over. The token partakes in this and will just evolve as needed to stay current.

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.

NEXTBOND: High interests Bitcoin asset

Today, NEXTBOND started trading exclusively on the Nxt Asset Exchange.

NEXTBOND (asset ID 7105354913147670050) is 1:1 with superBTC and can always be exchanged to Bitcoins without any price slippage issues. It is similar to keeping your funds in a high interest account.

NEXTBOND funds are used for arbitrage on BTC/USD exchanges (low risk). Preliminary results from the arbitrage bots have returned a minimum of 4% monthly, so NEXTBOND holders are offered a 2% return.

If you look at lending returns on poloniex, okcoin, bittrex etc, NEXTBOND’s return is much better.

NEXTBOND will pay dividends every Sunday until the automated script is ready to do daily dividends. NEXTBOND dividends are paid in superBTC to your account without you having to worry about a thing.

The people working behind the scenes on making you money with NEXTBOND are: Coinomat, whale, and Cassius.

NEXTBOND procedure

Deposit:

Send your superBTC to NXT-ESXQ-5QFC-ARPP-HG2C7 to receive NEXTBOND.

You should expect to receive your NEXTBOND within 24 hours.

Withdrawal:

When you want to withdraw your superBTC, simply send your NEXTBOND to NXT-ESXQ-5QFC-ARPP-HG2C7.

You should expect to receive your superBTC within 24 hours!

For those who don’t know: 1 SuperBTC is 1 regular Bitcoin on the Nxt blockchain.

Bitcoins are deposited to the Nxt Multigateway, where they automatically get converted to decentralised tokens (superBTC). The coin-backed tokens can be withdrawn to any Bitcoin wallet or exchange using the same multi-sig process. In the process of being deposited and withdrawn via the Nxt Multigateway each coin is handled by 3 secured servers. Multi-sig is used to ensure that all three servers agree before transactions are made, so there is no single point of failure unlike with a traditional exchange. The Multigateway is a distributed gateway – the least centralized crypto-to-crypto exchange service in existence.

Nxt Multigateway is a part of the SuperNET Client!

NXTBOND pays 2% of its profit to NEXT (asset 5504266111917554921).

Swap your EIX and MMNXT

As announced on 13.01.2015:

EIX and MMNXT has been merged into a new asset, NEXT.

NEXT dividends

  • NEXT dividends are paid in NXT.
  • NEXT will pay dividends on the 1st and 15th of every month.
  • NEXTBOND, which arbitrages on BTC/USD exchanges, will pay 2% of its profits to NEXT. This new revenue stream will be added to the EIX and MMNXT bots after the swap.

You can read more about NEXTBOND here.

How to swap your MMNXT/EIX for NEXT

to receive the new combined asset, NEXT:

Send your MMNXT/ EIX to NXT-ESXQ-5QFC-ARPP-HG2C7

2.3 EIX per NEXT = 247,043 NEXT assets swapped for EIX
29 MMNXT per NEXT = 298,212 NEXT assets swapped for MMNXT

You should expect to receive your NEXT within 24 hours.

No more dividends will be sent to EIX and MMNXT holders

Please swap your EIX and MMNXT to NEXT assets to receive further dividends.

MMBTCD dividend 13.01.2016

BTCD mutual fund and market-making asset

mmbtcd

MMBTCD, asset ID 8122396658538927693.
Total issued assets: 1000000, Assets distributed to: 400000.

Dividend from asset:
Distribution of 81 [superBTCD] assets to 107 assetholders
Based on ownership at timestamp 67384016 (Wed, 13 Jan 2016 09:46:56 GMT)

Cassius writes,

It’s a lower div this week, for a couple of reasons. One is that it’s an ‘off’ week, so no dividend income from our major revenue sources, CORE or EIX.

The second is that MMNXT has paused in paying dividends while the merger with EIX goes ahead. The dividend this week therefore comes mainly from bots.

Within a week or so, hopefully the merger will be complete and MMBTCD will own a decent chunk of NEXT, putting it in a good position going forwards. I would expect revenues to rise as a result of the combined fund, though please do not trade based on this because, as ever, there are no guarantees.

BTCD is very low at the moment, and NXT just got hit by a wall of Chinese money. If that continues it will help payouts too.

Source: SuperNET Slack / https://nxtforum.org/assets-board/btcd-mutual-fund-and-market-making-asset-mmbtcd/msg205913/#msg205913

[AE blog] EIX to merge with MMNXT; BOND to launch

Trading funds E9 (EIX) and MMNXT are merging under a single fund, NEXT. This will allow better use of combined funds, more clarity and no conflict of interest between the activities of the two funds. At the same time, a new bitcoin bond (BOND) will launch to generate further revenues for NEXT and directly for BOND holders through arbitrage on BTC/USD exchanges.

BOND

Arbitrage across bitcoin exchanges currently yields returns of up to 4% monthly. 1 BOND will represent 1 bitcoin (SuperBTC) on the Asset Exchange, with a guaranteed monthly payout of 2% in superBTC. The remaining income will go to NEXT assetholders. BOND may be redeemed for SuperBTC at any time by sending back to the issuing account. They can also be traded on the AE’s secondary market. BOND will pay monthly, on the first of the month.

All reasonable security precautions are taken and arbitrage is low-risk, but investor funds cannot be guaranteed against theft or exchange hack.

MMNXT/EIX asset swap for NEXT

MMNXT and EIX will be combined into a single asset, NEXT, which will pay out twice a month (1st and 15th) in NXT.

A total of 10% of active NEXT assets will be reserved for management payments. 25% of the total NEXT issue will be reinvested to grow the fund (similar to EIX’s current 29% reinvest and MMNXT’s 25% buyback). It makes sense for NEXT to hold 25% of NEXT’s assets to automate this.

A total of 1 million NEXT will be issued, with 15% being held back for future asset sales if required (there is no immediate intention to sell more assets). Of the 850,000 active assets, a total of 35% will be retained for management and reinvestment (85,000 + 212,500 = 297,500).

This leaves 552,500 NEXT assets for swap with existing MMNXT and EIX assets. No MMNXT or EIX assets are currently retained for management payments, only founder shares. (EIX currently reserves 15% of income for management payments as well as 29% for reinvestment.)

EIX price: 14.5. Assets issued: 568,200. MMNXT price: 1.15. Assets issued: 8,648,144. Total combined market cap of MMNXT and EIX is therefore estimated at around 18 million NXT; there is some daily variation. Thus 552,000 NEXT assets will be swapped in proportion to MMNXT and EIX market cap, at 32.6 NXT per NEXT, with each being worth around 21 NXT when considering all 850,000 active NEXT assets.

2.3 EIX per NEXT = 247,043 NEXT assets swapped for EIX
29 MMNXT per NEXT = 298,212 NEXT assets swapped for MMNXT
Total: 545,255. The remaining 6,745 assets will be retained by NEXT for reinvestment, bringing the fund’s total of its own assets to 25.8%.

The asset swap will begin on 16th January, after EIX’s next dividend. BOND will launch shortly.

Further details will be posted in due course.

Source: SuperNET Slack / https://nxtforum.org/assets-board/e9-multistrategy-nxt-hedge-fund-bots-fx-crypto-trading-and-asset-portfolio/msg205742/#msg205742

Forkpay.net – the imminent future of altcoin payments?

Forkpay.net has just released its first browser extension, making it extremely easy for anyone to make payments with altcoins anywhere Bitcoin is accepted.

But take a deeper look at the new startup and what’s going on around it, and you will see that Forkpay has a lot more to offer. Indeed, Forkpay could very well become one of the stepping stones needed for cryptocurrencies and blockchain based tokens to achieve global adoption.

Why alts?

Altcoins improve on Bitcoin and add features to what is still the King of Crypto. For example, BitcoinDark and Dash offer anonymity features. Litecoin is the best-known fork, with faster block times than Bitcoin and a different mining algorithm (scrypt), just like DOGE. By contrast, Nxt uses PoS and offers, besides a payment system using its monetary unit NXT, a whole financial ecosystem of features.

Still, no coin has yet reached anywhere near the degree of adoption that Bitcoin has. Even though Bitcoin is based on old and (arguably) no longer bold code and the growth of both the Bitcoin blockchain and difficulty of mining has meant more centralisation in the Bitcoin network, Bitcoin’s dominant network effect means that it continues to reign supreme (at least for the time being).

There are already lots of places in which to spend Bitcoin. From small private retailers, like ititch.com (anonymous domain registration and hosting), to larger ventures like Gyft, Overstock, Amazon and Virgin Galactic. They all see the potential of blockchain-based currencies and regard themselves as first movers in the developing cryptocurrency-fuelled economy.

So, if you want your own particular altcoin accepted in stores, you have to get out there and start knocking on doors.

At least, that is, up till now.

Pay bills with altcoins

With the Forkpay plugin, which is available as a Chrome extension, and soon to be released for Firefox, you can now visit any online merchant that accepts Bitcoin and pay for goods with your favorite altcoin, starting with LiteCoin, PeerCoin, DOGE, NXT, BitcoinDark, and Dash.

UPDATE: The Forkpay Firefox plugin is now awaiting approval from the Firefox webstore. As soon as it is available, the Forkpay ICO at NXT asset exchange will be complete, and the project will be officially launched.

ForkPay.net is very easy to use: When the extension is installed, every time a Bitcoin address is shown on a site, you will see a Fork logo next to it. To pay with alts, you simply click the fork, choose your coin from the dropdown menu, and make the payment. Forkpay.net converts your altcoins on the fly, and you don’t have to go through any registration process.

Forkpay.net wants to become “the most versatile payment solution for cryptocurrency merchants”, so this is just the beginning. The Lithuanian-based startup has further plans in the pipeline, which are in the process of being coded even as I write this.

Download the free Forkpay Chrome extension from the Google Chrome Webshop.

Crypto currency volatility

There are several players already in the crypto merchant solution field, but where Forkpay.net stands out from the rest is by bringing a BTC > altcoin exchange to the merchant sites (using Coinomat Instant Crypto Exchange’s API), so altcoin users can buy goods, even if the merchant doesn’t accept their altcoin. It’s certainly a problem solver. But will it be enough on its own to enable Forkpay.net to take a significant market share and succeed as a business?

The current volatile monetary value of Bit- and alt-coins is one of the most significant factors preventing wider adoption; many people, understandably, are hesitant to use a unit of monetary value as a means of payment which they cannot depend upon to be as least as good at storing value as their fiat money.

The price of BTC goes up, goes down, and it goes up again – or further down, and because its market cap changes rapidly, investors move in and out of the market, and yes, speculators also try to make huge profits on exchanges, by running pump and dump schemes.

The race is therefore on to solve the riddle: How to create pegged or ‘stable’ cryptocurrencies?

Front-runners include the Nxt platform which, via its Monetary System, now supports the creation of peggable currencies, albeit none have yet been created so it’s not yet known how successful this solution will be in practice.

Another solution provided by the Nxt platform is the Nxt Asset Exchange where you’ll find fiat-pegged assets like CoinoUSD, CoinoEUR, as well as YAN-pegged assets.

Other cryptocurrencies are also in the race to reach the same goal. One of the truly exciting projects still in the pipeline is PAX, a fully decentralized way to peg crypto to anything, which is currently being developed, along with other supporting features, by SuperNET + BitcoinDark lead developer: jl777.

But how hard would it be in practice to integrate such solutions with ForkPay?

Coming up: Fiat pegged crypto

I asked the people behind Coinomat, the crypto exchange responsible for the API that Forkpay uses, and who also happen to be the issuer of CoinoUSD and CoinoEUR on the Nxt AE. Their answer was clear and to the point.

Coinomat:

We’ll do it very soon, also MS [Nxt Monetary System coins] will be integrated.

Now, as already mentioned, Forkpay makes it extremely easy for anyone who owns and wants to spend altcoins anywhere Bitcoin is accepted. A fine business idea, and it sure works like a breeze. But… Will this ever become a truly useful service for the everyday consumer who doesn’t mine altcoins, or who doesn’t just happen to hold a bag of DOGE, BitcoinDark or NXT crypto 2.0 tokens?

It seems so.

Couple the upcoming fiat pegged crypto integration with a nice looking and easy to use browser extension, then look at the roadmap from Forkpay. The browser extension is live, operational and its marketing has only just started. Forkpay’s further development plan includes:

  • release of Firefox plug-ins;
  • a cash-back program for plug-in user;
  • server-side plug-ins for merchants;
  • ‘reverse’ plugin solution, where merchants can get paid in fiat and receive crypto; and also being worked on,
  • paying credit card bills with Forkpay in crypto.

To give you an idea of what the future may hold, let’s see what’s already possible with the solutions we have now. In the not too distant future, these services will most likely be integrated as a self-contained solution by some smart developer or visionary business. We’re still in the early days of the blockchain revolution, so everything will eventually end up being much easier to use. But here’s an approach you can use now:

A 3 step plan to saving money

1: Coinomat

Exchange USD to CoinoUSD, or EUR to CoinoEUR. It’s easy. Your fiat money will not lose value as the Coino assets are pegged to the fiat value.

You earn interest (0.06% daily at the moment, which is 24% per year) just by holding your Coino assets in your safe and personal Nxt wallet. Now that’s a quite a bit more than my bank offers me and no doubt what yours offers you. No registration required and you can withdraw to any VISA/Mastercard whenever you want.

2: Nxt

This is the blockchain 2.0 which secures all your fiat pegged assets as well as, of course, your NXT (the Nxt platform’s monetary unit). This is your money. You own it. Absolutely. Moreover, being secured by Nxt’s decentralized network, it’s 100% safe. By contrast, when you deposit ‘your money’ in a bank account you are by law deemed to be lending that money to the bank. You are in effect, an unsecured creditor of the bank and ‘your money’ is therefore not safe.

You can send or receive any amount of assets, NXT or Nxt MS coins for a fee of 1 NXT. This currently equals €0.01, the amount and destination don’t matter. In comparison, according to the World Bank, sending remittances around the world using the banking system costs an average of 7.37 percent of the amount sent. All in all, cross-border transactions are expected to reach $608 billion in 2015. Now that’s a lot of fees to save.

With your funds in the Nxt blockchain, you can also use all the core and 3rd party features in the Nxt network. The decentralized global p2p marketplace. Issue tokens. Invest in promising real world ventures on AE. Play games. Upload data. Torrents. Build a business, crowdfund it. Keep assets, Bitcoin, altcoins and your investments right there in the same wallet, using Nxt Multigateway features.

3: Forkpay 

Go shopping. Pay with NXT (or any of the other integrated altcoins).
Buy goods anywhere Bitcoin is accepted, using the browser extension.

If you’re a merchant, use Forkpay to set up your merchant crypto payment solution.

Cashback? It’s coming.

Direct payments with your fiat-pegged crypto assets (USD/EUR/etc). Very soon.

Why? Forkpay’s exchange rate does not exceed 3%. With Paypal the standard rate for receiving payments for goods and services is 3.9% + fixed fee, and for payments across borders, it’s up to 5.99% + a fixed fee.

Forkpay.net ICO on Nxt AE

You can share profits with Forkpay by participating in their ICO currently taking place on the Nxt AE.

Nxtforum ANN thread: https://nxtforum.org/assets-board/(pre-ann)-forkpay-net/

Forkpay.net is going to follow the standard start-up cycle. This first asset issue is the seed stage investment. Forkpay.net is going to approach venture funds for a second round investment or buy-out in future at which stage asset holders will be able to make an exit or exchange the assets for the ‘real’ equity. This is going to be an experiment with classical seed stage investment made on the Nxt platform.

Forkpay’s revenue model is based on transaction fees. 50% of the profits will be paid out to shareholders.

Asset ID: 4244599378927106120
Total assets sold at ICO: 3 million. ICO asset price: 1 NXT

To learn more about how to use the Nxt Asset Exchange, read this AE tutorial.

forkpay-altcoin-payments

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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.

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.