June 2017 (III)
Welcome again, fellow Nxters!
Whatever your interest and whoever you are, we have something for you as we recap the last week!
- SNAPSHOT – The Genesis
- Chinese exchange BTC38 will transfer $Ardor/BTC to $Ardor/CNY
- The Nxt Giveaways continue
- Stocks.Exchange – Trading Platform Overview
- Nxtwiki: Account Protection and ERC20 out of the box
NXT IN THE MEDIA
- Steemit – NXT and ARDOR are going through the Roof
- Nxt Asset Exchange: Janus token Registers Phenomenal Growth
- TradingView – ARDOR breakout coming?
- Trading View – NXT Short Corrections
- Weekly NXT/ARDR Price Evolution
This week’s newsletter is put together by apenzl, jose, rubenbc, jagd, and is proofread by Travin Keith.
SNAPSHOT – The Genesis
First, here is some ear candy for Nxters. An abridged excerpt from “The Genesis” chapter of “SNAPSHOT – Nxt, Unsurpassable Blockchain Solutions”, the book about the Nxt blockchain ecosystem, published by Nxter Magazine and Plaisir d’histoire.
“The Genesis: The Miss America of alternate cryptocurrencies” is a chapter about the very beginning of Nxt, how it was dismissed as a scam but ended up with not only making 73 initial investors extremely rich but also enriching the crypto world with a new technology and a decentralized movement.
Author of the chapter: Daniel M Ryan
Voice: Jess Allen
Ending Voice: Bill
Coordination: Travin Keith (Nxt Foundation)
“SNAPSHOT – Nxt, unsurpassed blockchain solutions” is a collection of articles that look deep into Nxt – the history, the technology, its use cases, the community, and our visions.
Chinese exchange BTC38 will transfer $ARDR/BTC to $ARDR/CNY
With this brief statement, BTC38, the popular and prestigious exchange based in China, announced that they will be ending BTC trading pairs. After contacting the BTC38 team, Travin Keith, Marketing Director and Blockchain Consultant of the Nxt Foundation, confirmed that ARDR will be moved from their BTC market to their ARDR<>CNY market:
— Marc (@Marc7573) June 14, 2017
Hooray for growth and continued acceptance across the global community! These are exciting times for the ever growing Nxt community.
The Nxt Giveaways continue
Another Easter egg was picked up on the blockchain this week.
A clever Nxter took a look at Twitter handle @OPeasterEggs and found links to a 2-phased transaction of 1 Jinn asset to the NXT-TKCU-J7TH-YBS6-CG3QL Easter eggs account. The asset transfer only needed to be approved by someone. This was done simply by typing a secret and broadcasting it to the blockchain – if only one knew the secret, of course. 1 Jinn asset has the current value of $223 (and was $160 at the time).
Was this first tweet enough?
— EasterEggs (@OPeasterEggs) June 13, 2017
Or was this one needed to give the final clue?
— EasterEggs (@OPeasterEggs) June 16, 2017
For those unaware, the number in the above tweet is the numeric ID of Nxt’s Genesis Account. The passphrase to this very first Nxt account, once chosen by BCNext, has been publicly known since a “doctorevil” picked it up. Now it’s found in nxtwiki.org, in Nxt Newsletters and even in books.
So, this clever Nxter logged in to the Easter eggs account, typed in the Nxt Genesis account passphrase, and thereby revealed the right secret and approved the Jinn transaction. Boom, there went the Jinn to this clever Nxter’s account, and bye bye off went the last few NXT in the account as well. Well done Mr. or Mrs!
The backstory can be found in earlier newsletters here, here, and in this blog post published in Nxter Magazine last Thursday: https://www.nxter.org/easter-egg-hunt-on-nxt-blockchain/.
There will be new Easter eggs to pick up this week, and of course, the hunt will take place on the Nxt blockchain. Is there a better way to learn about Nxt and Ardor child chains’ built-in features? And does any other blockchain offer its users the ability to set up treasure hunts and games via its Client GUI?
Please help spread the word about Nxt’s abilities and don’t forget to follow https://twitter.com/OPeasterEggs for freebies.
— NXTER Magazine (@Nxter_org) June 16, 2017
Stocks.Exchange – Trading Platform Overview
Stocks.Exchange explained by the Nxter.org community.
Nxtwiki: Account Protection and ERC20 Out of the Box
Nxtwiki.org is a great resource for information and ongoing work, just like the Nxt and Ardor blockchain platforms.
Optimal Nxt Account Protection
Option 1 – submit an outgoing transaction from the new account
Any type of outgoing transaction will do, since the user is signing this transaction with his passphrase and by doing so records the public key in the blockchain.
Option 2 – another account can announce the public key of the new account to the blockchain
Any type of transaction in which the recipient is the new account will do. The sender needs to specify the new account public key as the publicKey parameter or using the wallet “Recipient Public Key” field.
In a former newsletter, we explained why announcing the Public Key (initiating the account) is important:
There is (an astronomical) 2^64 =~10^19 individual account addresses available in Nxt but 2^256 =~10^77 possible passwords. An obvious question is whether or not it is possible for more than one password to open the same account. The answer is no – not if you have announced its 256-bit Public Key (with the first 64 being your visible account number) to the network and incorporated it into the blockchain. Once this is done, in the very rare case that someone enters a passphrase that would generate the same 64-bit account number, the software will deny the use of the passphrase.
Cold Storage can be easily achieved with NxtBridge OFFLINE, which also signs transactions OFFLINE.
NXT support for ERC20 tokens
Another new entry in the wiki aims to educate people who are not totally aware of the possibilities of Nxt’s inbuilt smart transactions, how the Nxt Asset Exchange API supports most of Ethereum ERC20 operations out of the box without the need to issue any smart contract, and that the Asset Exchange – additionally – provides full dex (Decentralized Exchange) functionality and options such as the ability to issue a singleton asset for reduced fee or delete asset shares, or send a dividend payment to all asset holders with the click of a button, straight from the Nxt Client GUI.
Nxt also supports a different type of token called “currency” – among other features, a currency provides the ability to restrict token transfers so that they are allowed only between the issuer account and the accounts that hold the token. This function prevents free trade of the token without the issuer’s permission which is desirable in, for example, the case of voting rights distribution. Voting being another Nxt blockchain feature.
Travin Keith, mrv777, vanbreuk, mroenne, and a few others have now set out to update Nxtwiki.org in a big way together with Lior.
Janus – Summary & TradeMimic
In the last Nxt Newsletter, we wrote about the Community Janus XT Token Share Program where 6 spots in the program were still open. Not anymore, as everything sold out fast. Effectively this means that another 2 million Janus tokens have been removed from circulation for at least a year.
Price correlation to the rising price of NXT:
born_bb: This month BetterBets.io NXT volume has dropped significantly, for our team’s part I have in testing the capability to offset this to a degree with other things. One of those is trading, which in the past I have done manually. Recently (past 4 days) I’ve been testing in my brief spare time a very complex but so far highly successful trading bot engine. Using semi conservative settings it is proving to be effective in 1-2% gains daily. The casinos, as everyone knows are unpredictable, in this industry the whales make up 90% of house profit or losses. I believe the rise of the NXT price is attributed to the decline over the past 2 months in NXT use on site – (Price rise significantly has in the past caused a drop off in high value betting). Therefore after more testing on the trading engine I’m using if it proves to be viable for an additional revenue stream I’ll put this into the Janus pool for divs.
Etcbets.com is growing fairly well, this message applies entirely to NXT betting on BetterBets.io and it’s significant decline this month.
I’ll keep everyone posted, as I cannot day trade full time getting this bot perfect would have direct results on income potential in time. As well as the rest of our sites in development.
The above trading is entirely my own thing and idea outside Janus team, so I’ll be using personal funds for now to fuel its start.
Speaking of unpredictable betting results, one ETCBets.com player (and Janus community member) hit the jackpot this week, which might result in a significantly lower dividend from that business this month.
— etcbets.com (@ETCbets) June 13, 2017
Business in the pipeline
This is it!
The long-awaited social fintech site from Janus, http://TradeMimic.com, is coming. Use the ‘Subscribe’ button on the site in order to receive periodic updates or just visit it to sit back and watch the countdown.
Expectations are high: this will be the first of the well-prepared large scale business ventures from the Janus Team, plus the one that will kick off Alphonso Morris Jr. as a spearhead and brand manager, with a team of professional crypto- and FOREX-traders up the sleeve to help the social marketing.
History and news: https://www.nxter.org/ae-janus-4348103880042995903
Adelphoi Token at Exchanges
In more exciting news from last week, the Adelphoi token has been added to new exchanges as well as to the popular coinmarketcap.com.
Just three weeks after the close of our ICO, ADL is listed on another exchange CryptoDAO:
and the MT4 Based PRO Webtrade Platform: BTC/ADL: https://cryptodao.com/trade2/index?symbol=cryptodaoadlbtc
Our members are actively reaching out to new exchanges. This is a great example of how our community works together to succeed. If you have ideas or exchanges contacts to list ADL, then please email us at email@example.com.
ADL is now on CryptoDAO, Stocks.Exchange and the Nxt Asset Exchange.
Please take a moment and actively share this announcement. Bittrex and other exchanges coming soon.
More information: www.adelphoi.io
ARDR, Ardor, IGNIS and the Snapshot Block
Lots of (repetitive) questions are being asked in nxtchat.slack.com about the Ardor and IGNIS snapshots, issuance and timeframe. Fastest way to a FAQ is:
mrv777 sums the roadmap up like this:
Current plan from Jean-Luc:
1. ICO of Ignis, to last a month or so.
(There will likely be some time gap between the end of the ICO and the snapshot, could be days or weeks.)
2. One-time snapshot of ARDR and NXT balances (and aliases, MS currency names, etc).
3. Launch Ardor. The distribution of ARDR and IGNIS will be in the Ardor Genesis block.
ARDR tokens have been distributed already!
The ARDR you hold in your Nxt account will be re-issued as tokens on the Ardor Blockchain.
The passphrase to your Nxt account will give you access to your Ardor Blockchain account as well.
Lead developer Jean-Luc recently added:
the ARDR token will be frozen at the snapshot block and no further transactions [on the Nxt blockchain] with it will be possible.
This is to avoid profiting from the ARDR asset token on the Nxt Blockchain once the Ardor network has been created.
Information about the ICO:
Jelurida will hold an IGNIS ICO for 50% of the tokens.
NXT holders will receive the remaining 50% IGNIS tokens automatically, 0,5 IGNIS for each 1 NXT they hold.
The distribution will happen in accordance to a 1-time snapshot of the Nxt Blockchain prior to the Ardor Genesis.
Full details of the ICO terms and conditions, with exact amounts and timeline, will be published as soon as all details have been finalized, but this will be at least one week before the start of the ICO.
Europe’s Largest Blockchain Startup Competition
Do you have an idea to revolutionize the insurance industry? This contest can give you the necessary push to turn your idea into a project and earn a large sum of money.
APPLY NOW TO WIN $100,000! Bring your InsurTech ideas to life! Do you have a team or innovative startup? Then turn your idea into cash and win $100,000, one year of free office space and professional coaching!
Nxt Foundation member Travin Keith says:
I know some of the people running it. They’re great professionals and can really help a project move forward. Also, they welcome Nxt and Ardor-based solutions, so I encourage people to apply!
Check the participation criteria here.
NXT IN THE MEDIA
Steemit – NXT and ARDOR are going through the Roof
Janus Token Registers Phenomenal Growth
— Luis_Batista (@FloatingLamps) June 15, 2017
As Janus sends out a press release about its past, present, and future, Nxt and its Asset Exchange gets a little mention too.
TradingView – ARDOR breakout coming?
Trading View – NXT Short Corrections
NXT SOLID PROJECT & FUNDAMENTALS- TIME FOR SHORT NOW-BETTER BUY TARGET IS BETWEEN 4000-5500
HODL IF YOU GOT IN EARLY!!! FUTURE IS BRIGHT:)
GOOD LUCK WITH YOUR TRADE! PLZ FEEL FREE TO COMMENT!
Weekly NXT/ARDR Price Evolution
The following graphic shows the NXT / Bitcoin exchange price at Poloniex over this past week:
The following graphic shows the ARDR / Bitcoin exchange price at Poloniex over this past week:
And that is it for this week! Stay tuned as we continue to provide you with an all-in-one platform for your news of Nxt, Ardor and the ever growing position of prominence we have within the rapid and fast changing blockchain technology landscape. Our commitment to you, dear readers, is to keep you informed.