The Adel ICO is now live

The Adel ICO is live

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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.

How to market a decentralised, open source organisation

 

Origins of the Nxt Foundation….

One of the great strengths of Nxt, and of the wider Nxt community, is that it has always been intended, from the initial Nxt concept onwards, that Nxt would be a strongly decentralised community.

A very useful guide to the basic principles of decentralised organisation can be found in ‘The Starfish and the Spider’ by Ori Brafma:  https://en.wikipedia.org/wiki/The_Starfish_and_the_Spider

A decentralised organisation may be fine for certain applications (such as an activist movement) but for a software system that needs to interface with the wider business community, how can decentralisation work effectively ?

This issue cropped up very early on in Nxt development, giving rise to further questions:

  • Nxt is a brilliant system to build business applications on, but how does a business get in touch with a decentralised movement like the Nxt community?
  • How does a business enter into a legal agreement with Nxt, or receive support?
  • How can Nxt be promoted to businesses, or carry out PR ?

The answers to all of the above led to the set-up of the Nxt Foundation, which (if we go back to the ‘Starfish’ analogy) can be seen as a specialised organ for Nxt, like an extra leg for the starfish.

The Foundation was created to act as a sub-section of the Nxt eco-system that is responsible for linking the decentralised, open-source community of Nxt with the very much centralised mainstream business and finance world. In effect acting as a gateway between the decentralised crypto world and the centralised mainstream worlds of business, finance and governance.

The Foundation was initially (informally) set up in mid 2014, by a group of veterans of the fledgling Nxt community. The main personnel involved are: Tai ‘Tai Zen’ Duong, David ‘EvilDave’ Pearce, Bas ‘Damelon’ Wisselink, Dirk ‘LocoMB’ Reuter and Ian ‘Chanc3r’ Ravenscroft. As befits a decentralised orgainisation, the initial founding members represented a wide range of viewpoints and possessed a very wide range of skills.

This group first met in real life as representatives for Nxt at the groundbreaking BitCoin2014 conference, held in Amsterdam, and worked so well together that they decided to carry on under the then informal banner of the Nxt Foundation.

Initially simply a loose group intended as a contact point for businesses, the Nxt Foundation proved themselves to be very useful to Nxt, and began to evolve into a fully fledged business unit with wider ranging responsibilities.

The Foundation was registered and incorporated at the start of 2015 as a non-profit business in the Netherlands, under the title of ‘Stichting Nxt/Nxt Foundation’ with the goal of supporting Nxt development and expansion.

Since then, the Nxt Foundation has continued to function as a contact point for businesses who wish to work with Nxt , and has also taken on other responsibilities: the purchase and maintenance of essential software, such as SSL and code signing certificates, developer licenses and hosting for Nxt-core related sites.

Most recently, the Foundation identified some areas that needed to be improved within Nxt, and set up the Tennessee project to address those areas.

Entering Tennessee…..

Towards mid-2015, it became increasingly obvious that Nxt needed to change to meet the demands of a rapidly changing crypto-currency market: many mainstream players were entering the market, bringing with them from the mainstream business/finance world a more professional approach to project management and a much more aggressive approach to PR and marketing.

A decentralised (and somewhat under-funded) project that relied on volunteer work, like Nxt, could not compete on an equal footing with the professional marketing and PR employed by this new wave of crypto projects.

Individual projects based on Nxt, usually with a defined project leader or a small group of leaders, could easily choose for themselves whether or not to follow this trend, or how to respond to the changes in the market, but for the Nxt core (and the wider Nxt community) a solution had to be found to address this situation.

Thus the Tennessee project was proposed: the Nxt Foundation analysed and explained the current market situation to the community, and asked them to donate to a Foundation- administered fund set up purely to professionalise and improve two basic elements of the Nxt core project: Marketing/PR and the user experience. The estimated budget to run Tennessee for a year (on the basis of two part-time employees) was approximately $70,000 or 10 million NXT.

tnsse-crowdfunding-nxt

This sum was raised via crowdfunding (using the Nxt Monetary System) inside 2 weeks, and Tennessee went live at the start of November 2015.

TNSSE has now been officially in existence for just under 4 weeks and has, so far:

Organised salary payouts for the 2 main (part-time) Tennessee personnel for the following 12 months, ensuring that there will be a coherent marketing/PR presence for Nxt over that time.

Hired a media contact consultant, the UK-based John Mcleod, on a contract basis, initially for 3 months with the possibility to extend that period. John’s function is to pro-actively seek out and cultivate both mainstream and crypto media contacts for Tennessee and Nxt.

With John’s help, Tennessee has created and published 2 stories on aspects of Nxt over the last week:

https://news.bitcoin.com/interview-nxt-foundations-dave-pearce/

http://allcoinsnews.com/2015/11/21/nxt-foundation-positions-platform-to-entirely-replace-legacy-banking-systems/

And one radio interview:
https://www.mixcloud.com/Resonance/password-18-11-15/

These three pieces are just the start of the media campaign. TNSSE allows Nxt to build up longer term relationships with media outlets, and these relationships will lead to more regular information about Nxt appearing in crypto (and more mainstream) media.

Tennessee has also began the process of overhauling the Nxt web presence, with www.nxt.org as the first site to be updated, using Farla Webmedia as an external contractor.

An important feature of the new www.nxt.org site will be an easy to use helpdesk system, which will give Nxt a unique advantage over other crypto-currency projects.

The Nxt Foundation/Tennessee has also begun to work out a conference attendance strategy for the following year, with a proposed Nxt-centred conference in the first half of 2016, and a Nxt presence at the upcoming d10e event in Amsterdam:
http://www.d10e.org/#amsterdam

So, coming back to the original question: how does a decentralised community promote itself to the outside world ?

Nxt has shown, with the creation of the Nxt Foundation and subsequently the Tennessee project, that organically created specialised systems can be set up to fulfil this specific function, without sacrificing any of the openness and decentralisation that give the Nxt community a great degree of both flexibility and strength.

[crowdfunding] The First Book About Nxt

The first book about Nxt

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

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

What is this book ?

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

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

***

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

nxt-2nd-bday

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

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

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

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

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

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

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

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

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

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

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

***

In summary, our goals are:

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

See below for further details.

Why we need your support

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

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

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

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

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

Our projected costs are:

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

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

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

How you can support us

nxt-crowdfunding

Buying e-book and paper books

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

Worldwide delivery will be available.

Tokens to buy e-books are:

ebookeng: E-book in English

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

ebookfre:  E-book in French

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

ebookrus: E-book in Russian

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

ebookspa: E-book in Spanish

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

ebookchi: E-book in Chinese

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

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

Tokens to buy paper-books are:

Pbookeng: 1 paper book in English

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

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

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

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

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

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

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

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

How to buy with NXT

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

How to buy with a listed asset

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

How to buy with other assets or MScoins

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

How do you send the books

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

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

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

Free donations and account leasing

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

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

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

Special rewards

Alias system

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

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

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

Marketplace

15 x Early English Bird (17$):

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

You will also receive 1 asset Pbookeng.

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

4 x Little advertiser (200$):

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

2 x Big advertiser (600$):

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

10 x E-book life subscription (40$)

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

FreeMarket

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

I want to help in some other way

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

What are the goals

The main goal: English paper book

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

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

The campaign will end on the 5th January 2015.

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

Secondary goals: other language versions of the book

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

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

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

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

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

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

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

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

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

FAQ

Who am I?

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

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

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

What will we do if the goals are not reached?

First, we’ll all be very disappointed!

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

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

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

But our ambition extends beyond this campaign.

Our future projects

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

The Nxt marketing

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

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

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

A new example of the use of Nxt platform

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

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

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

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

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

What will we do with the funding?

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

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

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

Bitscan.com: Farlaweb share issue: business on the blockchain

Bitscan.com writes:

Crypto offers massive benefits. It’s transparent, borderless, efficient and fast. I chatted to Peter Farla, a web designer who has recently used the crowdfunding potential of the blockchain.

1) So, who are you and what do you do?

My name is Peter Farla and I live with my girlfriend and our dog in the Netherlands. Since elementary school I’ve been interested in running a business. I started my own environment protection company at the age of 9 and collected money for non-profit organizations every month by doing tasks together with my ‘employees’. I like the magic of creating my own business and making that successful. After high school I studied Multimedia Design. We didn’t learn much about internet development, but about CD-ROM productions. In those days (late 90s) CD-ROMs were the future. Haha, they bet on the wrong horse…

2) What prompted you to issue a cryptostock for your business?

I’ve been into Nxt since late 2013. I was very impressed about the possibilities it has to offer. Nxt is becoming more and more a platform for business. I wanted to expand my business and needed a financial boost for that. I love the Nxt Asset Exchange and use it all the time, looking for business opportunities. I thought, Why don’t I try it for Farla Webmedia? …

Read the rest of this interview on: 
http://bitscan.com/articles/farlaweb-share-issue-business-on-the-blockchain

Tennessee Project: Working on the NXT Frontier

Since the launch of the NXT platform the main focus has been on the tech: NXT Currency, Asset Exchange, Monetary System, Marketplace, Arbitrary Messaging, Alias System, … So many features and possibilities.

Whilst the tech undoubtedly gives NXT a big potential advantage over competing platforms, it seems every time a new technological innovation is added to the NXT platform it actually results in a price drop. Why? Presumably because the platform, in all its ever-increasing functionality, is not intuitively easy to use, nor easy to explain. Let’s face it, it’s not for the average joe… At least not yet.

This is where the Tennessee Project wants to step in and make a change. With all the focus on technological advancements, the marketing has been neglected resulting in a declining adoption rate and a gradual price drop.

The project’s goal is to push NXT marketing and promotion to a professional level over the next 12 months while at the same time making it easier to use for the average joe.

Not a small task to take on, but a great team has been assembled including, at its heart, Bas Wisselink (Damelon) and Dave Pearce (EvilDave), who will each receive a part-time salary on a self-employed basis, allowing them to work freely on Tennessee, in addition to their other tasks within the Nxt community. They will work closely together with NXT core developers Jean-Luc and Lyaffe. Several components of Tennessee will also require paid outside contractors. The Tennessee Project will be run under the banner of the Nxt Foundation.

A professional project of this size needs serious funding. The project is looking to raise 10 million NXT in order to function for 12 months. The Monetary System will be used to raise the funds. EvilDave has issued the TNSSE currency with account NXT-P439-YVBD-VUEQ-A3S2T

We have already started an informal fundraising project among NXT businesses and stakeholders to raise the minimum of 10 million NXT, and we are happy to say we have already received firm pledges for up to 5.5 million from Nxt investors and stake-holders.

The funding will end on Monday October 26. If the target 10 million NXT is reached, all funds will be transferred to the Tennessee account. If it is not reached, all funds will be returned to the original accounts. This could mean a big boost for NXT from which the whole community would benefit, so every donation matters, no matter how small. 4.5 million NXT is still needed to meet the 10 million NXT target. This covers the salaries of both Damelon and EvilDave for a year and the budget to actually do the tasks.

As explained on the Nxt forum, the Tennessee Project has three overall aims:

  1. A major increase in and professionalisation of NXT marketing.
  2. To improve the Nxt user experience, in terms of ease of use, support and documentation.
  3. The acquisition of leads to incorporate NXT into real world applications/businesses and to attract investors to the platform.

In order to achieve the above aims, the Tennessee project will have the following short term goals, to be realised by Q1 2016:

● Completely overhaul www.nxt.org, and streamline the web presence/SEO for all community owned sites.

● Create a continuous and coherent marketing/PR campaign, putting the focus on what NXT has achieved so far, and on highlighting real world use cases for NXT.

● As part of the above 2 points: create a complete portfolio of use cases, media packs and other publicity material, to be used in all NXT marketing.

● Set up a co-ordinated team for social networking/forums.

● Create a coherent strategy to interest potential Nxt-based projects and investors who may be interested in utilising or investing in NXT/SuperNet.

● Expand and improve on relationships with our media contacts, including establishing exploratory relationships with professional PR agencies.

● Create leads, and follow them up. This is a task we have been doing for months now, but it desperately needs to be professionalised and that takes time.

Long term goals, to be realised by Q2/3 2016:

● Assist/finance the development and deployment of simplified NRS software: i.e. Lite clients and webwallets.

● Create a comprehensive user guide for the entire NXT system, from account creation all the way to customised MS issues.

● Set up an incubator system for both potential and currently running Nxt-based projects. This will have the aim of helping out projects with both direct technical/marketing assistance, and to bring these projects into contact with investors. The incubator will take a small percentage portion of any projects that it helps, and redistribute this income to the NXT community.

● Integrate a professional PR agency into NXT promotion, and finance a campaign from them.

Further goals will be added to Tennessee as the project progresses, but this outline is a solid basis on which to build further marketing and PR.

More information on the project can be found on the Nxt forum.

You can make a donation using the official NRS Client, local, lite, or webversion:

  • Click on Monetary System + Currencies section.
  • Find TNSSE / Tennessee (search “TNSSE”).
  • Click on “Reserve” in the “Actions” column.

tnsse

  • Enter the amount of NXT you want to donate.

  • The NXT amount will be deducted from your account and held until the activation block, which is block 554,000, approximately Monday 26 October 2015, 22:00.

In my opinion, this is the missing component in the NXT platform: a strong dedicated team focused on marketing, promotion and pushing adoption.

As to where the project name came from? Who knows… maybe they came up with the name over a glass of aged Jack Daniels!

………………………………….

With Nxt Monetary System anyone can run a decentralized crowdfunding campaign.

Learn more about the Monetary System here: 

http://test.nxter.org/nxt-core-monetary-system/ 

First example of fully decentralized crowdfunding: Nxt Academy

Let’s actively bring Nxt into every university and school all over the world!

Crowdfunding usually needs three actors: the project initiator, supporters and a platform connecting both parties. Crowdfunding websites exist only for 6 years. During 2013 $5.1 billion USD was raised by millions of individuals! However the biggest disincentive to using websites such as Kickstarter is their fees. Kickstarter demands 5% of the money raised as a fee, and payment processing fees are another 5%, which in the era of blockchain technology is a little difficult to justify.

Nxt recently released a new monetary system with a crowdfunding feature, which makes a third party – a platform – fully automatic and decentralized. Since January 2015 it’s finally been possible to organize a crowdfunding campaign via the Nxt client with all costs and fees totalling less than a half USD.

The very first example of a completely decentralized Crowd funding via Nxt Monetary System started at the beginning of February 2014, when a Czech Nxter, Petr K. Salsa, issued a currency: NxtAcademy with ACDMY as a code.

500,000 NXT (= 500 units) need to be raised during February in order to successfully finish the crowd funding campaign. If 500 units aren’t bought before block 370,000 (= 1st March 2015), all pledged NXT will be returned. If at least 500 units are bought, the funds raised will be used for maintaining Nxt Academy (= at least 1000 USD/month). More funds = more projects for students, more lectures all over the world, more external teachers, more printed materials.

How to donate?

  • Click at Monetary System + Currencies section
  • Find ACDMY / NxtAcademy (search “ACDMY”)
  • Click at “Reserve” at the “Actions” column.

nxt-crowdfunding-nrs1

  • Buy any number of “Units” (more = better)

nxt-crowdfunding-nrs2

Details and other info: http://nxtacademy.com/about

crowdfunding-nxt-academy

Nxt is an important part of the open source technology. Nxt Academy recognizes Nxt’s spirit and guarantees all content accessible for anyone, anywhere, for free. It is a long term project which focuses on providing free education for the students and children. Every teacher will be able to download and use teaching materials for their students. Everyone will be able to attend free online courses about Nxt from their home. Young people, as yet completely unaware even of the existence of cryptocurrency,  will be informed about Nxt via school bulletin boards and via lectures and student projects organized at their school.

The world of cryptocurrencies has got a huge enemy – ignorance. Society isn’t yet ready for the wider acceptance of the cryptocurrencies. Nxt will in time revolutionize many industries, but right now it is just a toy for geeks. Nxt Academy is going to prepare society for the Nxt crypto revolution by providing teaching materials and much more. Nxt Academy isn’t a commercial project, its existence, form and size depends on donations from the Nxt community.

Direct marketing to Students – education

Nxt Academy isn’t only a passive website with videos and texts. It actively propagates Nxt at schools, universities and student festivals. Nxt Academy will be targeting all bigger Universities and sending its materials to their students. Students will be working on team projects with their classmates, while Nxters will be mentoring them.

Teachers will be receiving teaching materials, infographics, textbooks and worksheets for children, they could even teach young kids about Nxt. It will be easy to download all sources and printed materials will be sent to the schools or handed out after the speeches / lectures at the schools and universities.

Online Marketing and Cooperation

All content created by the Nxt Academy will be actively distributed to the other similar projects – Khan Academy, Coursera, Coin Academy, College Cryptocurrency Network… It’s about spreading the knowledge, Nxt Academy will try to have its courses at all of those sites and many others.

Nxt Academy will be targeting people whose lives are as yet untouched by the cryptocurrencies at various online platforms. Nxt Academy provides press releases, news, blog posts, Twitter/Facebook/Weibo posts, forum posts, videos at multiple platforms… SEO, online marketing etc.

Nxt Academy will be supporting the crypto research

The database of the research/students papers will be very helpful for all cryptocurrency researchers. This side project will create a library with crypto-related articles saved at multiple platforms. With enough funds, Nxt Academy could provide student scholarships, grants or awards. The dream goal is to have a crypto thesis of the year contest during the Nxt Academy conference.

Online courses and textbooks

Before entering the Universities’ or Student festivals, Nxt Academy needs to prepare the teaching materials.

Online courses – Easy-to-use platform for everyone who will be able to learn about Nxt, its ecosystem, its ideas, its abilities. New fresh videos and edited videos will be followed by chosen articles and infographics.

Textbooks – If we want to get cryptocurrencies and Nxt into the mainstream, we need to prepare educational materials for teachers. Textbooks will be created by a cooperation with university professors and school teachers.

Worksheets – Children as well should have the chance to learn about the cryptocurrencies. We need to prepare the world for this new revolution. Worksheets, educational programs for children will be prepared by a cooperation with the school teachers.

Infographics – Social media campaigns need well-prepared infographics to reach the biggest audience.

Check other activities at https://nxtforum.org/nxt-academy/ or http://nxtacademy.com

Crowdfunding Progress

After two weeks Nxt Academy raised 120,000 NXT. 35 Nxters decided to support the project with their donations. It is also possible to donate directly, you can send NXT to: NXT-W4FQ-JGAE-JHS9-3PMNR (from online wallets, exchanges…).

Salsacz can devote himself full time to the project, hire an ‘in-house’ co-worker (school teacher), external university teachers and pay for outsourcing micro-jobs (translations, voice-overs, corrections) via Nxt-jobs or Fiverr. All costs are very low, because the salaries in Czech Republic (1 full time and 1 part time) are very low compared to western countries. The smallest possible budget is 500,000 NXT for a year. More money = more projects for students, external coworkers, printed materials, more speeches…

Nxt Academy is a project supervised by Petr Salsa, who has spoken about Nxt at 5 conferences and one University. A few other speeches at Economics Universities are being planned for the near future. Salsa attended all of the online courses about cryptocurrencies, such as “Introduction to Digital Currencies” by University of Nicosia, Coin Academy, Coursera, Princeton University and University of Virginia. He wants to devote his experience, skills and time to build similar courses about Nxt.

More about the Nxt Academy team: http://nxtacademy.com/about/#team

With Nxt Monetary System anyone can run a decentralized crowdfunding campaign.
Learn more about the Monetary System here: http://test.nxter.org/nxt-core-monetary-system/

[fundraiser] NXT Android Wallet

Crowdfunding has started and will run between June 13th to July 13th 2014 (or shorter).

[UPDATE]

On 18.06.2013 at 05:56:04 am: marcus03

Status: After just 5 days, the project is well funded and will be implemented! 🙂

Funds raised as of June 18th: 60.897 NXT + 75.000 NXT from the community fund: 135.897 NXT

I’ll keep the asset sell order open at least until the project roadmap is done – just in case someone doesn’t want to miss being part of this. 🙂

—– Objective

A fully functional, open-source Android NXT wallet for Gingerbread (Android 2.3.3–2.3.7), Ice Cream Sandwich (4.0.3-4.0.4), Jelly Bean (4.1.x, 4.2.x, 4.3.x) and KitKat (4.4.x) on ARMv7 devices with NEON support (see here for an incomplete list of supported devices).

Transaction signing done client-side with the Android app connecting to “well-known” public NRS server without sending account secrets over the network.

Function wise, Marcus03 imagines a mix between Mycelium (for Bitcoin) and wesleys excellent desktop client.

Ease-of-use vs. feature overload

The following features are planned:

* Adding/creating multiple accounts with the option to store the account secrets in an encrypted password protected wallet on the device. Wallet backup available.
* Support for Reed-Solomon address format.
* Showing balances for registered accounts in NXT.
* Showing transactions for registered accounts.
* Contact list (account numbers with names)
* Sending NXT + Support for QR codes (scan a QR address, display a QR code for an address or a receive request (address plus an amount and a description)) + NXT corporate design

The following features are NOT planned:

– Block explorer like functionality
– Aliases (showing them, registering them, etc.)
– Asset exchange support
– Voting and whatever comes up next out of the core. 😉
– No explicit tablet support (Nexus 7/8, etc.)
– No support for forging on the Android device

The following features would be nice, but it’s not clear yet if they can be implemented:

– Showing balances for registered accounts in NXT, BTC, USD and EUR. Also showing exchange rates.
– Listing in the Google Play Store as a free app (not sure about their rules yet, but this is of course vital for mainstream adoption of NXT)

Support via Nxt Asset Exchange:

marcus03:

I issued the asset “AndroidCli” (Asset Id:  12414770996347165541 Account: NXT-X5EB-VSL5-Z7DU-3GWTJ ) for project fund raising and put up sell orders at 1 NXT. If you want to fund this projects please buy as many assets as you want to fund in NXT. As long as the fund raising is running you can step back from funding by transfering the assets back to the issuer account NXT-X5EB-VSL5-Z7DU-3GWTJ. I will then send the NXT back to the sender account (done at least once a day, but you might want to pm me). The fund raising will run for a maximum of one month (June 13th to July 13th 2014), but I might decide to close it earlier if I feel the project is well funded. If I decide the project is well funded (might happen any time I see fit or after one month latest) I will no longer redeem NXT for assets transfered back to issuer account. If I decide the project is not well funded after one month, I will cancel my sell order and put up a buy order at 1 1XT so that everyone is free to sell the asset against my buy order with minimal loss (2 NXT in transaction fees).

androidclientfunding

About marcus03

marcus03 developed one of the first and most used easy to install Nxt Clients for Windows/MacOSX, the NXT Solaris desktop client. However, in April marcus03 thought that NXT Solaris was no longer needed, and he stopped developing it and handed over the code. As nxtQaunts were implemented in the NRS, and the API calls in the NRS core changed, NXT Solaris became unfunctional. Marcus03

I wrote NXT Solaris in a way to be able to use parts of the code for mobile devices and after the recent discussion about the need for an Android client, I want to offer the following project to the NXT community.

In other words: Marcus03 has proven his worth. Interested? Then let’s raise the funds and make this beauty handheld. iphone   Source thread: https://nxtforum.org/nxt-projects/project-ideaoffer-nxt-wallet-for-android/