January 2017 (II)
Here’s some of the latest news about Nxt over this past week in January.
- Nxtchat on Slack – 1000 Users Reached!
- Janus – New Asset Based on Nxt: JanusEX
- DeBuNe – News and Uncoming ICO
NXT IN THE MEDIA
- E-Forex Magazine – Keeping up with the blockchain
- Cryptocentral – Basic Information about Nxt’s Features
Below, are more details about these news pieces:
Nxtchat on Slack – 1000 Users Reached!
We have reasons to be happy! The Nxt Community has reached 1,000 users on its Slack team in less than one year. This Slack team was originally launched by Damelon, of the Nxt Foundation, on the 19th of January, 2016, and has been steadily receiving new users throughout this period.
For its part, stats on Nxtforum also look nice. During December and January, over 1 900 new members joined the forum. Nxt has the technology, the team, and the best community. Come on and join us!
Link to join Nxtchat on Slack: https://nxtchat.herokuapp.com/
Janus – New Asset Based on Nxt: JanusEX
The Janus team has announced the launch of a new token on the Nxt platform. JanusEX, an asset, was created to reward those Janus investors with over 2 000 000 tokens, who will receive this new asset in addition to the Janus tokens they already hold. Owners of JanusEX will receive 40% of all the income from the online casino betterbets.io, which will be added to the current dividends of the asset. This revenues will start on March 2018, and will take place on the first day of every month.
We are now adding value to Janus tokens through multiple sites and businesses, there is also the option for larger holders to acquire some income exclusive to them as well.We will be adding more dividends to both Janus and JanusEX as development progresses through the years.
Expect some surprises to boost token value and options to increase passive income for people who are interested.
Betterbets.io – Betting with NXT will Improve Dividends to Janus Token Holders
The day has come to include the use of NXT at Betterbets.io. The Janus team has issued a press release, addressed to both investors and players, which explains the details about the inclusion of NXT in this betting platform. They state that 90% of the profits coming from NXT betting will be given away to the owners of the Janus token.
This update will be adding the option to bet with NXT, we are sure most of you have heard of it. The reason we felt this currency was a valid addition for BetterBets, was because of the great community and developers that Nxt has built since it’s launch in 2013. Our staff have become a part of the community as well, and we are learning very quickly that their blockchain and wallet software is an incredibily powerful business tool.
The Janus team seems to be in constant evolution, always trying to evolve the conventional business and combine it with the blockchain technology, which will bring short and long term revenues to the owners of their token.
DeBuNe – News and Upcoming ICO
This past week marked the end of the sale of the first 250 000 assets for sale by DeBuNe, thus ending the first phase of the funding campaign launched last August, which included special prices for those nxters who bought the asset through the Nxt Asset Exchange. It has been a long and silent process, due to non-disclosure agreements that don’t allow the team to publish much news about what they are doing. With this, the initial phase of funding ended and, soon, the following phase of the ICO will begin.
…I am so excited that we are getting close to launching the ICO. Guys, you have no idea what a crazy amount of things launching an ICO requires… with DeBuNe we have TONS to show everyone with the efforts already done. It should go great, and if all is as I hope, then those of you who got some in the AE will have quite a treat when exchanging them in the future. Thanks for all the support from everyone
DeBuNe ICO’s roadmap outlined:
DeBuNe will have an ICO toward the end of the year, beginning of next year. A lot of news will be released, and there will be a distribution of the coins. 250000 will be sold in the ICO, and 250000 will be given to the asset holders with an average holding calculated in a period that will be announced (something similar to the ardor distribution). I have put some DeBuNe assets at 19 NXT each in the AE, and 15k more will be made available in the next weeks at a higher price until a total of 250000 assets are circulating in the Nxt AE.
The ICO will sell for definitely more than 20NXT per coin, so this is an soft offer for NXT holders.
Despite Capodieci’s discretion, as a logical consequence of NDAs, which are very common in these type of business, user Amalgamus, a member of the Nxt community, warned us about a web page where DeBuNe and Roberto are listed as members of a remarkable business initiative which offer collaborative solutions to important investors all around the world, which include banks and other big corporations.
Ardor – Fiat Gateways
As we announced in our previous newsletter, the design of Ardor will allow business that are interested to build an exchange on this platform by means of a child chain on Ardor.
The new feature that will be added to Ardor in order to allow this functionality is called Coin Exchange. This will allow trading one child chain token for another or to Ardor tokens.
Bit by bit, the core developers are making significant progress in this aspect and they are showing us these new functionalities that will be included. This time Damelon, member of the Nxt Foundation, has shared some images regarding potential BTC-USD trades on Ardor.
Ardor – Details About its Functionalities
About the global Asset Exchange:
Assets are defined globally, they are not on a particular chain. You can buy and sell an asset on any chain. The prices are in the units for that chain. That means the same asset can have different prices depending on the chain. Which makes sense since the coins will have different values.You may be thinking about exchanging coins from chain A for coins from chain B. When you do this, you specify the number of chain A coins that you want to exchange and the maximum price you will pay for chain B coins. For example, if exchanging USD for EUR, you could exchange 10.00 USD at a price of 2.00 USD/EUR. You would be able to buy at least 5 EUR and possibly more depending on the exchange prices.
Your order would be matched with an order that wants to exchange EUR for USD. Say that an existing order wanted to exchange 2.00 EUR at a price of 0.80 EUR/USD. Which translates to 1.25 USD/EUR. The exchange uses the price from the oldest order, so the exchange price is 1.25 USD/EUR. You receive 2.00 EUR since that is all that the seller had available. In return, the seller receives 2.50 USD. His order is complete but yours is still open since you still have 7.50 USD available to exchange.
About child chains bundlers:
Anybody can bundle child transactions. But you must have ARDR. When you bundle child transactions, you create a child block transaction which is included in the next block. You receive fees from the child transactions and you pay ARDR for the child block transaction. You can use the child coins to create your own transactions or exchange them for another coin (including ARDR if somebody has ARDR they want to get rid of). There is a Coin Exchange similar to the Asset Exchange and the Currency Exchange where users can trade child coins with each other.
About the fiat gateways:
Nxt 2.x will contain a Coin Exchange where users can trade child coins with each other. So the value of a particular coin will depend on what people are willing to pay for it using one of the other coins.The value of a child coin measured in an external coin such as Bitcoin will depend on whatever gateway is used to exchange the child coin for Bitcoins. If the gateway used a 1:1 ratio, then that would indirectly value all of the other child coins since they could then be measured against Bitcoins using the exchangeable coin as a proxy.
About the chain where a coin transaction will be:
The transaction is in the chain for the coin you want to exchange. The exception is that any exchange involving ARDR will be in the main (FXT) chain since ARDR exchanges affect forging and cannot be pruned.
You can issue a coin exchange from any chain coin to any other chain coin.
You specify amount and price.
Amount – the number of your coins that you want to exchange.
Price – is the number of your coins that you want to pay for one of the exchange coins.
For example, if you are exchanging USD chain coins for BTC chain coins, the price would be the value of 1 BTC in dollars.
Order matching works the same way as order matching of the current asset exchange.
In addition, each chain can now use different number of decimals, for example 8 decimals for BTC and Ardor, 2 for USD chain.
About the coin in which the fees will be payed:
When exchanging USD for EUR, the transaction is sent to the USD chain and the fee is paid in USD. When exchanging EUR for USD, the transaction is sent to the EUR chain and the fee is paid in EUR. It takes 2 transactions for an exchange and both parties pay transaction fees in their respective coins. The coin exchange is similar to the asset exchange except there are 2 prices involved. One way to look at it is that each exchange order contains a buy price and an ask price. If you are exchanging 5 USD at a price of 2.00 USD, then your bid price is 2.00 USD per EUR. Your order has an implicit ask price of 0.50 EUR per USD. That is, you won’t pay more than 2 USD for one EUR and you won’t accept less than 0.50 EUR for one USD.
More information: https://nxtforum.org/general-discussion/(ardor)-it’s-coming/?all
NXT IN THE MEDIA
E-Forex Magazine – Keeping Up with the Blockchain
This article at E-Forex Magazine, written by William Essex, explains what changes such a disruptive technology as blockchain can bring us by opening up a new range of possibilities. In fact, current players in this field are already changing the way they think and are trying to use the power of this technology for a wide-range of solutions.
The text includes opinions from entrepreneurs, CEOs, and business and community representatives who are starting to explore and use blockchain technology. Among them is Dave Pearce, of the Nxt Foundation, who talks about FX operating on the blockchain, in a very different way than it is done today.
Blockchain can offer fintech systems, banks, FX, everybody a way to replace all of their legacy systems in one relatively easy step. It can not only replace legacy systems, but offer them extra economies – for example, by throwing away the entire concept of needing a back-up strategy. Every single node on a blockchain is an entire back-up system.
Source and more information: http://www.e-forex.net/articles/dec-2016-keeping-up-with-the-blockchain.HTML
Cryptocentral – Basic Information about the Features of Nxt
Cryptocentral is a cryptocommunity space where you can find the latest information regarding various cryptocurrencies, mining, exchanges, various services, and more. It has several features and tools, such as a voting system, subscription capabilities, quick activity notification, and a chat system.
Recently, this website has added a new section devoted to Nxt, where you can find some basic information about the platform, a description of the main features, some guidelines for newcomers, and links. It holds quite a good compendium of information that is worth visiting if you are new to the platform or want to refresh on some concepts.
Source and more information: http://cryptocentral.info/topic/685/nxt-information
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Weekly NXT/ARDR Price Evolution
The following graphic shows the NXT / Bitcoin exchange price at Poloniex for this past week:
The following graphic shows the ARDR / Bitcoin exchange price at Poloniex for this past week:
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