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C2C Public Announcement – 14th of July, 2018

If you’ve been following our weekly newsletters, probably you’ve already heard about C2C (former CTC), a company that aims to develop innovative devices to easily convert your coins and cash to cryptocurrencies. You can have a look at their whitepaper here (update ongoing). Recently they’ve shared with us the following PUBLIC ANNOUNCEMENT about the swap from the asset CTC to C2C:

Press Release

On July 8, 2018, at 23:11:44 GMT, the C2C airdrop was performed with asset ID 10904853980055209979, thus completing the swap from the “CTC” name to “C2C”. Announcements were made over Twitter in the days prior, as well as over the blockchain itself by utilizing the dividend distribution feature on Ardor via the Ignis Child Chain on July 6, 2018 at 7:19:12 GMT, coupled with the token named “CtCNotice” informing people of the incoming swap. Coordination with Stocks.Exchange to halt trading and to reinstate C2C trading was also executed completely without an issue.

Unfortunately, some users were not fully aware of these announcements and kept their buy orders live on the asset exchanges on the Ardor Child Chains. Even more unfortunately, some other users decided to take advantage of these users by selling the now-valueless token “CTC” to them, likely knowing very well that the swap was completed and that the C2C coin was now what the project was using.

Though C2C acknowledges that it does not have any control over the asset exchange as it is a decentralized marketplace, the team has decided to reimburse the losses of the victims via the asset exchange in C2C coins (for IGNIS and BITS), rounded to the nearest decimal, based on the equivalent market spot rate value at the time of the snapshot. Reimbursements to users who bought outside of the asset exchange will unfortunately not be done as it cannot be proven on the blockchain that they were victims of these actions. Though C2C maintains that it is not at fault for the issue, the company is performing this action as an act of goodwill to the community, both within the Ardor community and beyond, in the hopes that it will continue to grow in a positive direction.

The full reimbursement details are as follows:

  • ARDOR-ZKGV-GYEC-LZ93-4WNJT – 19 887.60 IGNIS (Adjusted due to an executed sale of 350 IGNIS) | 35 BITS | 2.5 AEUR => 26 867.89473684211 C2C + 2.5 AEUR
  • ARDOR-S45T-527F-WAR3-6JEK4 – 18 002.90 IGNIS => 23 688.02631578947 C2C
  • ARDOR-HLRL-GHMQ-YJLD-BU5DK – 165 IGNIS => 217.1052631578947 C2C
  • ARDOR-GXLZ-V4C9-NPY4-ACDGL – 2200 IGNIS => 2 894.736842105263 C2C
  • ARDOR-RGYF-U2W4-FYDD-DTVWP – 886.305 IGNIS => 1 166.190789473684 C2C
  • ARDOR-PKM8-MX8D-EPFS-G9KKM – 350 IGNIS => 460.5263157894737 C2C

The reimbursement will be performed within 1 week from the publication of this announcement. A sell wall will also be created for each child chain, to help prevent the price from going up. Beyond this, however, C2C is unable to restrict further scams from occurring as the token was set with full permissionless transactions when it was created and distributed.

We would also like to publicly list the addresses that sold to these accounts based on the publicly-available information on the blockchain. This is to act as a warning for community members when interacting with these addresses in the future in the hopes of preventing them to become victims by their actions. However, should any of these accounts choose to make a public apology and return the gains they have received to the C2C team to cover the compensation, their account IDs will be removed from the list.

  • ARDOR-FVMM-9HM7-XLRQ-C8WGM
  • ARDOR-WFH9-29WM-PEG9-GZWZM
  • ARDOR-YPHV-9BHL-YHN9-44FG5
  • ARDOR-HLRL-GHMQ-YJLD-BU5DK
  • ARDOR-BKSK-5CXN-Z23B-DAHKS

We thank you for reading our announcement and we hope for greater positive and honest growth with our project together with our community.

NXT Market Report: 22 September 2014

Market Cap

Welcome to this week’s Market Report. The last few days have been fairly unspectacular, which is nice after all the recent excitement. NXT declined 19.6% in price whereas Bitcoin decreased by 15.1% meaning that NXT’s loss was relatively small and can be explained as a normal market reaction to the rise we saw 2 weeks ago. Unfortunately NXT has lost its #5 position on coinmarketcap.com, first to Dogecoin and now to Peercoin. Both Dogecoin and Peercoin got extremely pumped at a huge volume after big announcements: Dogecoin proclaimed merged mining with Litecoin and Peercoin announced the launch of NuBits

As predicted in the last market report NXT’s daily trading volume has remained steady at USD 100’000. There are now 7 trading pairs on 6 different exchanges, each with a daily trading volume of at least USD 1’000 (Multigateway included, since coinmarketcap.com finally managed to include its volume). Amazingly NXT’s Multigateway is already the second biggest exchange for NXT with about 15% of the whole volume.

coinmarketcap_22092014

Source: coinmarketcap.com

Status of the superNET ICO

Read also: superNET ICO ends

The ICO will end 1400 GMT on Tuesday and trading of the actual superNET asset will start 1400 GMT on Thursday. James‘ last update regarding the figures for the amounts raised was posted a couple of days ago, so I can’t give you the most up-to-date figure but the final total is expected to be about 5’000 BTC!

When trading starts on Thursday, a buy wall will be in place to accommodate those who have decided to disinvest; it will represent about 1% of the raised funds, the price being calculated on the basis of the net asset value of superNET’s crypto portfolio.

What’s going on in the Asset Exchange?

NXTventure: NXTventure (official thread makes private investments in promising corporations and adds value by integrating each investment into NxtServices. The month of September was an amazing one for NXTventure: The price increased by unbelievably 450% as well as NXTventure was able to announce three dividends – PrivateBet, ATOMIC and Freemarket. For 10 NXTventure you received 1 asset as dividend, which are all trading between 60 and 70 NXT each.

sharkfund0: These are the current holdings:

Coinomat 280’600 1’000’000 28.06% 9.39 9.38 2’632’028
Coinomat1 520’000 3’000’000 17.33% 8.9 7.5 3’900’000
InstantDEX 100’000 1’000’000 10.00% 53 48 4’800’000
jl777hodl 1’214’205 10’000’000 12.14% 3.2299997 3 3’642’615
NEMstake 19 1’000 1.90% 28’747 25’754 489’326
NXTprivacy 200’000 1’000’000 20.00% 43.999 43 8’600’000
NXTventure 10’000 1’000’000 1.00% 69.9 58.0001001 580’001.001
NXT 118’193.61414966 -> NXT total 24762162

11% BTCD $847K
8.5% BBR $48K
.45% XCP $25K
10% BTM $23K

The selected assets and crypto currencies are all long term holdings and extremely promising. You are basically investing in a hedge fund with a long term strategy and an active fund manager who is able to add value. At its launch each asset was valued at 10’000 NXT – they are now at 40’000 NXT.

I hope you enjoyed it and am already looking forward to next week’s report!

This market report 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 web site owner and should not be relied upon when making (or refraining from making) any investment decision.