Nxt News – October 2017 (I): Success is Not Measured by the Position you Have Achieved in Life but by the Obstacles you Have Overcome

October 2017 (I)

Welcome again, fellow Nxters! October is here and that means delicious beers and ciders are just around the corner. In the world of the blockchain, we have much to catch you up on. The fourth round of the IGNIS ICO continues, Jelurida has new plans and more.

As always, we provide comprehensive, yet accessible coverage of the rapidly evolving and growing blockchain world. For our long-time readers we have the latest events; for our new readers, we have the info to make you an expert in no time at all. Sit back and enjoy.






This week’s newsletter is put together by James, Jose, apenzl, and rubenbc.



The fourth round of the IGNIS ICO is underway. After months of hype, it is now possible to participate in the ICO and buy JLRDA without running a full node client, placing several buy-orders in advance, or having to figure out the most advantageous peer settings and transaction fees in order to buy. For more in-depth analysis of the fifth and final round of the ICO, follow our exclusive ICO reports.

At the time of writing, 44M+ JLRDA are available for 1.05 NXT per token.

Ignis ICO Schedule
Dates JLRDA tokens for sale Price of 1 JLRDA in NXT
Aug 05 – Aug 12 60,000,000 0.40
Aug 26 – Sep 02 80,000,000 0.55
Sep 09 – Sep 16 100,000,000 0.76
Sep 23 – Oct 21 100,000,000 1.05
Oct 28 – Nov 04 up to 100,000,000 1.45


Live stats from the Nxt Blockchain

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  • Jelurida – Barcelona is next

Riker –

Tuesday – Thursday – team Jelurida in Barcelona at http://www.blockchainsolutionsforum.com/ we’ll have a booth and a speaker slot

Other confirmed Nxters that will attend the event are:
RubenBC (Nxter Magazine), VanBreuk (Nxt Foundation), Travin Keith (Nxt Foundation).

More info

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  • Ardor vs. the Competition

A couple months ago Segfaulsteve began writing a wonderful and detailed account of Ardor and the many advantages it has over the competition. His first post highlighted the technological supremacy Ardor has over Plasma, the next installment talked about the LISK blockchain and the functionality provided by it, and the third compared Ardor against NEM/Mijin/Catapult.

You can find the previous posts here:

The fourth installment of the series is now out. Ardor is compared against IOTA, which made the news last week for purposefully introducing bugs into the codebase in order to punish those who illicitly used their code in their projects. Further down Lior Jaffe wrote about this on his Medium blog.

Ardor vs. the Competition, Pt. 3: IOTA

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  • Lior Yaffe – About Nxt/Ardor

Lior Yaffe, aka Riker, Nxt/Ardor core developer and co-founder of Jelurida, gave on the 1st of October a speech in Tel-Aviv about the blockchain, different consensus algorithms, such as PoS and PoW, and of course, Nxt and Ardor. A lot of people gathered together to listen to Lior’s explanations, as we can see in the following picture.

If you weren’t able to attend, you can still watch Riker’s presentation. You just need to log-in to your Facebook account and click on the following link: https://www.facebook.com/NxtBlockchain/videos/835856146575251

Turn up your speakers to hear this light introduction to the blockchain and Nxt/Ardor.

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  • Blockchain: Making It More Than Just a Trend

Travin Keith, member of Nxt Foundation, will co-host and moderate this Brighttalk.com webinar. Travin does this on behalf of Agavon.

The blockchain has the attention of the world right now, it is a buzzword. But is it just a fad? Many people across the world, especially in America, believe in the impermanence of distributed ledger technologies, citing China’s closure of their BTC exchanges as proof. The grassroots of the blockchain have taken root with many extant opportunities for implementing disruptive change on the horizon.

A panel of experienced blockchain specialists will discuss:

-Viability of Use Cases – Just because a centralized database can be more efficient doesn’t mean it’s the most viable

-Preventing Blockchain from Being Just a Trend – if blockchain isn’t viable as the solution, it shouldn’t be used

-Public vs Private Blockchain Use

-State of the Industry – Understanding that a lot of the platforms and frameworks are in their early stage of development and that support may not be readily available

Presented by
Travin Keith (Agavon), Sergey Ivliev (Lykke), Vlad Dramaliev (aeternity), Makoto Takemiya (Soramitsu)


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  • Janus – Status Update

Hooray, Janus (JNS) has successfully been migrated to the Ardor platform, so once Ardor launches its mainnet (Q4) all Janus tokens will be confirmed. There is still not a definite launch date for Ardor yet. Nonetheless, the transition from JNS tokens being NXT based to ARDR based will be seamless for users.

In Bjorn’s words:

Bjorn: Final message from me for today: Janus tokens are confirmed to be part of the Ardor platform when ARDR goes live. NXT/Ardor developers have not released an exact launch date but you should all have a very easy transition with JNS tokens from NXT to Ardor.

Business site update

Janus’ lead developer, Lobos, updates us:

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.

Side business: JNSHash Mining

Last week the Janus team posted a video on Youtube…

The subject came as a surprise to most investors and followers, Janus explains:

Introducing: JNSHash Mining

Join the “Janus Token” YouTube Channel

You can find a list of all paid dividends here. Also, follow the Janus news on https://nxter.org/janus, and Janus Twitter.

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  • Adel – Status Update

Gabriel Dusil spoke about Adel at the Blockchain and Bitcoin Conference in Stockholm last week. The co-founder of Adel spoke about the blockchain incubation that Adel helps execute. The Adel ecosystem is explained in great depth to an eager crowd. The innovation fostered by Adel is great for growth in the blockchain space as they provide the resources to small projects. The diverse assortment of the projects they sponsor and incubate help great ideas get to market.

Gabriel speaks:

Moreover, TheWireMaster wrote this week about Adel.

Follow Adel In Medium

Adel’s first incubated project will be iFin.io.


More info

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  • Bitswift – Status Update

Bitswift is looking for enthusiasts to join their team. The Bitswift.shop is nearing completion and they need people to help the grow.

In their words:

Are you a tech enthusiast in Canada ? Want to make a business doing what you love ? Want to earn a bonus in crypto-currency ? We provide insurance, branding, training, business connections, references, access to distributors, and much more.  If you are interested in joining the Bitswift team get in touch with us.  hello@bitswift.tech

We will equip each rep with access to the shop, discounts for reps will be significant to ensure they can be profitable while re-selling to homes and business customers.

The best part of waking up........... is Bitswift on your cup.
“working on brand packs” The best part of waking up……….. is Bitswift on your cup.



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  • DeBuNe – ERC20 Token Swap

The DeBuNe ICO is announced and it will be based in the Ethereum AE.

One of the reasons our community remains small is the fact that many people still are not aware of us or our platforms. We need to raise awareness and Roberto’s ICO in ETH is an opportunity to do so. The Ethereum community is much larger than the Nxt community and DeBuNe will act as a double agent for us. Infiltrating their network and community to sow the awareness of the Nxt / Ardor community. We hope. 🙂

In Roberto Capodieci’s own words:

Guys, you all know my devotion for Nxt since day 1 (or even -1 for that matter). There are MANY reasons why finally the DeBuNe fundraising is in Ethereum and not (again?) in the Nxt AE.

Some are practical:

1) liquidity in ETH is much higher than liquidity in NXT
2) audience in Ethereum is much wider than in Nxt
3) ICOs ARE in Ethereum
4) It is a GOLDEN opportunity to grab attention of the wide Ethereum community and point their attention to Nxt/Ardor

The swap of AE DeBuNe toward ERC20 Ethereum tokens is at 1:1.5
(for each 1 DeBuNe from the Nxt AE you get 1.5 DBN ERC20 tokens).

AE <> Token swap will end the 30 of October 2017!

DeBuNe Pre ICO will start the 1st of November and will sell 1DBN at 0.02ETH (for large quantities).


Roberto has provided a way for DeBuNe Nxt asset holders to swap directly to his blockchain tokens.

Today he writes:


A) Some of you have contacted me asking how to avoid the swap with the ERC20 tokens and swap directly with the DeBuNe blockchain tokens.

B) Some of you simply don’t want to deal with Ethereum. I understand and appreciate this.

I want to clarify that DeBuNe is NOT being implemented with Ethereum.

Case A) I am open to this possibility, and I apologise for not thinking about it beforehand. In this case return the AE token from an Nxt account you will be able to use in the future to send me the DeBuNe blckchain account where I will send the matching DBN.

Case B) For those of you that prefer to skip the ICO in Ethereum, I been suggested to talk with Komodo Platform to run a BTC ICO there. I am absolutely open to this, and I understand this makes many of you happier. I will discuss with Komodo the how to, and if all is ok we will proceed to offer DeBuNe also there. Note that in this 3 years I have delivered several working Blockchain projects. I have made a good estimate that for a successful phase 1 of DeBuNe we will need at least USD2M for initial work and bounties.


Please let me know if you need more clarifications and have more suggestions, I will be happy to do my best to make it right to everyone.



Roberto writes:

First, take note of the addresses of the AE and the ERC20 token:
ERC20 Token: 0x570295aeC9b7196300885eC594049c1C50fEB09c

Account: NXT-GQ27-DD53-YM6K-ER6HK
DeBuNe Asset Id: 6926770479287491943

Send your DeBuNe assets to NXT-GQ27-DD53-YM6K-ER6HK adding in a message (either public or encrypted) the Ethereum wallet where you want to receive the ERC20 token.

Requests will be collected until the end of the month of October 2017, and the ERC20 tokens will be sent only after the ICO is started. Swap requests received after the end of October MAY not be fulfilled.



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  • Lior Yaffe in Medium – More about Scheduled Transactions and Controllable Currency

Riker wrote about the lessons he and Jelurida learned from the early round of the IGNIS ICO. Important lessons were learned, highlighted below:

Lessons learned

  1. If the demand for your token is higher than the supply, rest assured someone will try to buy it before anyone else.
  2. If your token can be freely traded, your price levels has no meaning since users can trade it for a better price between themselves.

The NXT Blockchain has an elegant solution for these two problems


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  • Lior Yaffe in Medium  – IOTA’s Copy Protection VS the NXT JPL

Once upon a time, before Lior joined the Nxt team, faulty code was written into the Nxt codebase. The reasoning behind doing this was to spur bounty hunters to spend their resources analyzing the code, find the purposeful bugs, and hopefully, find actual ones as well. The existence of the “3 flaws” were publicly announced and kicked off a bug-hunt that lasted almost 3 months.

Now we heard of IOTA doing the same thing in their code, as a copy protection mechanism but without announcing it publicly beforehand. Jelurida’s solution to open source vs having copycat clone issues is the terms written in the NXT JPL. TL;DR: Any non-commercial usage of the Nxt codebase needs to reimburse the community with 10% of the total tokens created. This way the members of the community are financially rewarded for the dilution of the ecosystem.


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  • Lior Yaffe in Medium – POS vs POW Revisited

Nxt / Ardor / Ignis are PoS (Proof-of-Stake) based. This system is much better when it comes to energy consumption as hashes are not created and immediately thrown away in PoW (Proof-of-Work) based systems like Ethereum and Bitcoin. The consensus comes from the community and there is no need for “mining” hashes that come up with 30 or 40 zeros like in Bitcoin. Lior writes about some of the misinformation about this debate.

Few weeks ago I published https://medium.com/@lyaffe/nxt-proof-of-stake-theory-vs-practice-e895ac8cb5bf where I explained why the simple proof of stake algorithm used by NXT is practically secure. Still I didn’t claim it is more secure than Bitcoin’s and Ethereum’s proof of work. Now I do.

…try to close a proof of stake network like NXT. You close it in China, it will take users an hour to setup all nodes again in Hong Kong. There is no centralized lucrative target you can attack.



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  • Investing – NXT and Ardor: The Future of Cryptocurrencies

Investing.com wrote about the future of cryptocurrencies and how it lies in the creation of better blockchains that allow better features while maintaining the main benefits of confidentiality, security, and decentralization. One of the pioneers in this new shift is Jelurida, the creator of NXT and Ardor.

They wrote:

This is where Jelurida comes in – the NXT Blockchain – their flagship product, is a lot more energy efficient than both Ethereum and Bitcoin. It is also a lot more stable than the two.

Ethereum has been subject to multiple severe security breaches that have wiped out investor’s savings. NXT has been operational since 2013, and there has been no security incidents since then. Furthermore, the blockchain is a lot more stable despite the lower capitalization. This success can be attributed to the technical team that has repeatedly been testing the blockchain to ensure that the source code is continually updated…


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  • Vachev – “NXT алтернативата на Bitcoin и Ethereum”

An interesting Bulgarian language article about cryptocurrencies, highlighting the main components of the major players in the blockchain space – including Nxt / Ardor.


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  • Btc38 – Ardor Challenges the Future

Chinese language article from China exchange btc38 about Ardor. Lior Yaffe recently returned from China after headlining a Meetup in Shanghai.

Riker: Article about Ardor on btc38 http://www.btc38.com/news/2017/9/15509.html – sitting next to me on the sofa is the co-founder of Binance. On the 2nd photo you see Duke from http://www.chainshome.com/ who was my host in Beijing. If someone wants to translate.




riker – Binance said that they will look into adding Ardor once it is running on mainnet and open source. It will still require to join a voting campaign on their web site and get to one of the top spots.

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  • Chinese Nxter Magazine – update

Speaking of China… Last week we soft-launched the Chinese Nxter.org. Lots of work to do still, but for starters, here’s some key articles about the Nxt (and soon IGNIS) features:

Nxt PoS

Nxt Transparent Forging

Alias System

Arbitrary Messages


Asset Exchange

Asset Exchange Tutorial

Monetary System

Proof of Existence






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  • Due – 101 Top Blockchain Companies

Ardor is recognized as one of the top blockchain companies…

Ardor is the next generation blockchain-as-a-service platform. It has been built on the successful Nxt technology and is designed with unlimited scalability, safe smart contracts, and customizable child chains. These features are designed to increase business profits, efficiency, and security.


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  • TradingView – Ardor a Truly Bullish Graph

Ardor builds up a huge Shoulder-head-shoulder pattern in its graph. But this bearish pattern did not result in a further sell-off. Instead, Ardor had a bounce on the neckline and then it did fell through a little, when it fell through price reached a new low, but the RSI-indicator did not, it made a higher low, this bullish pattern is known as Bullish divergence. From that moment on both price and RSI have formed an ascending triangle. Another bullish pattern. Yesterday Ardor left both triangles (as to be expected) on the upside and perfectly reached the target that the triangle gave us (see both green vertical arrows). Trading plan: either wait for Ardor to backtest the neckline or to overcome the first target (green arrow), next target would be the top of the right shoulder (around 0.00006), but there probably is a whole lot more potential!


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  • TradingView – Ardor Breakout Big Release

Ardor has had huge volume pour in, this is most likely due to their mainnet release in November. I expect the mass to start buying more closer toward next month. It’s scheduled to release Q4 of this year two weeks after Ignis ICO 0.00% ends on Nov. 4th. Enjoy the ride, my friends.


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  • TradingView – NXT Trading Opportunity

The price is going to move above the cloud. It will be a trend reversal signal. We should buy above 0.067000 level with stop orders below the support zone. It’s 0.054000 level. Profit target is 0.100000 resistance level and the part of long positions can be left for the long run. In order to get an additional confirmation of further upward movement, it’s better to wait for ADX line above 20 level.


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  • TradingView – NXT/USDT Poloniex Will be Going Up Soon. Look at this 4 Day TF

Sep 24 … You see how low the LSMA is inside the indicator? This may be your last chance to get in on this at or near the bottom. Just saying… Sep 25 Comment: Remember, THESE ARE 4 DAY CANDLES. Don’t freak out if it hasn’t moved yet until several days.


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  • Steemit – Ardor Buy Alert

With a current Market Capital of approx. $208m and Ranked No.35 in the #CryptoCurrency Market, #Ardor has seen an explosive growth these last 5 months.

We maintain a BULLISH recommendation on #Ardor and will continue to monitor the #technicalanalysis over the next few weeks/months.


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  • 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:

Live stats from the Nxt Blockchain Asset Exchange:


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And that is all for this week, Nxters. Stay tuned next week for more up-to-date coverage on the final round of the IGNIS ICO, the launch of Ardor, ongoing projects, and much more. For those who cannot wait a week to learn more, visit our site. We will explain in more detail about Jelurida, Ignis, Ardor, and everything else that is pertinent to this great ICO.

Follow us on Twitter for important breaking updates during the week as they happen. Stay tuned and stay informed, dear readers. See you back here next week!

Help us grow and help us continue to provide excellent and focused coverage on the ever-growing blockchain space by rewarding us for our efforts. Donation address: NXT-TK9J-MEKH-MUP9-HFCH2.


Nxt News – September 2017 (III): The Best Preparation for Tomorrow is Doing Your Best Today

September 2017 (III)

Welcome again, fellow Nxters! Fall is now here and we have the major news of last week. The IGNIS ICO will soon go into the Fourth Round, Riker visits China, and much more. You are in the right place for comprehensive coverage of all things Nxt / Ardor / Ignis.

Whether you are a long time reader or a new one, we here at Nxter have news for you. All the highlights of the last week in the exploding blockchain space are covered here. We aim to keep you informed and up-to-date, dear readers. Lean back and absorb all of our hard work as we present you the news of last week.






This week's newsletter is put together by James, Jose, apenzl, and rubenbc.



The IGNIS ICO third round ended last week. All 100 M tokens were purchased. This demonstrates the continued popularity and interest of the ICO and Jelurida thanked all who participated. The fourth round starts this week on September 23rd.

For more in-depth analysis and coverage of the on-going ICO, please follow our exclusive ICO reports that provide excellent coverage and analysis of the ICO.

PR about ICO Promotion

Bounty Portals - Ignis Crowdsale Review
CryptoRated - Top Platforms for Launching an ICO


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  • Token ICOs - Learnings from the Ignis ICO

Riker speaks about Nxt, Ardor and the IGNIS ICO in this informative video, recorded @ the BigchainDB meetup in Berlin.

  • Nxt
  • Smart transactions
  • Proof-of-Stake vs Proof-of-Work
  • NRS Showcase
  • Common problems: Blockchain bloat
  • Common problems: Dual Usage of tokens
  • Problems solved: Introducing the Ardor Platform
  • Ardor Showcase
  • Jelurida's Roadmap - launch, prunability, subnets, etc
  • IGNIS Crowdsale on the blockchain
  • Questions from the audience - AMA

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  • Ardor.World - Nxt Ardor Services

Sergei Chumak has made this interesting webpage as well as a new Telegram bot.

Sergei Chumak:
With this bot you can:- check rates (Nxt, Ardor, Adel)
- check rates (Nxt, Ardor, Adel)
- check balance of your Nxt-account
- subscribe to notifications of receipt of coins and messages to your Nxt-account
- find answers to frequently asked questions of the Nxt-community

Go to https://telegram.me/ardor_world_bot , click start.

So you can press the buttons underneath. Now only available as PM to Ardor World bot. Not in groups yet like the tipper bot nxtswe made for slack.

I added a link to the zip archive of the Nxt blockchain on the site.


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  • Ardor vs. the Competition: NEM

A new article in the "Ardor vs. the Competition" article series has been published.

Lisk was the first of this amazing series, now NEM/ Mijin / Catapult is the feature in the second installment by Segsfaultsteve.

Segfaultsteve introduced the series as such:

I recently decided to start a series of posts that compare and contrast Ardor with other blockchain projects that appear to have similar goals or features.

Ardor vs. the Competition, Pt. 2: NEM/Mijin/Catapult

Daegalus - NEM fan

This is a fantastic write-up. Ardor and NEM are two of my favorite coins and I commend the writer for being so neutral and fair.

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  • Chinese Community - Riker is here 

Riker arrived in China to spread news of Ardor to the Chinese public. China is the largest market in the world for blockchain transactions and news. His hosts were very excited to meet him!

Learn more about Lior's days in China from his latest blog posts.

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  • Crypto Woman - Let's Build a Blockchain Together!

Elizabeth, aka CryptoWoman (aka QBTC), was an early contributor in the Nxt community and among the co-founders of Nxt Foundation. In this video, she talks about one of the many uses of the blockchain.

She writes:

I've been excited about the possibilities of the NXT blockchain since 2013!

In November the NXT technology is expanding possibilities with the launch of ARDR. Businesses will be able to either clone NXT or build their own childchain on ARDR. And it's easy! I'm going to show you how. I'm going to build a blockchain and record the whole process and blog about it and talk about it here.

I invite you to join me and the NXT community as we demonstrate how powerful the NXT and ARDR platforms are and how easy they are to set up and use.

Follow me here, on Twitter @TheCryptoWoman or blockchained.business to watch this blockchain develop.

  • Preparing to Build My Blockchain

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  • Meetup in Zurich

Travin Keith announces:

We will be having a casual Nxt/Ardor/Ignis meetup at Sips Pub (Schaffhauserstrasse 380) in Zurich this Friday at 17:00.

If you can come, let me know so we can reserve a big enough table!

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  • Jelurida will Attend "Blockchain Solutions Forum" in Barcelona

Jelurida announced that they will attend the three-day forum in Barcelona.

Other confirmed Nxters that will attend the event are:
RubenBC (Nxter Magazine), VanBreuk (Nxt Foundation), Travin Keith (Nxt Foundation).

Throughout the three-day conference we will give the stage to some pioneering blockchain projects from all over the world. The common thread is that all the presenting companies and persons have decided to raise working capital by launching a token crowd sale (also know as an ICO or ITO). The aim of this session is to gain a deeper understanding of what type of applications are coming on the market, as well as give investors more information about crypto investment opportunities.

Introduced by: Roelof KramerDirector, BECON (Netherlands).


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  • Adel - Status Update

Adel will attend new more conferences and has announced their first official project for incubation; a Crypto Financing Platform.

They write:

Adel is proud to announce the first official project for incubation, called the Crypto Financing Platform.

This will be a Fintech project that will run on the Ethereum Blockchain, utilizing smart contracts. This project has been created by the Adel R&D team, and will be shortly released for idea incubation to the community.

The project aims to offer a blockchain-based application that can provide liquidity to investors and returns for passive holders, in the form of cryptocurrency loans with other cryptocurrencies as collateral.


Upcoming Events

Adel will be speaking at the ICO Event in London, on 11th October

Adel also has a speaker slot at the Cryptocurrency World Expo from 1-2 of December 2017, in Warsaw, Poland.

Follow Adel In Medium


More info

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  • Bitswift - Status Update

Bitswift updates us:

We finally received credentials to the LG Global Service Front System (LGs partner portal). This means we will be able to sell LG products that require LG authorization on Bitswift.shop, as well as our reps will be able to support LG products and deal with LG warranty matters.  Life is Good.

For the newbs:

Bitswift is an open digital economic ecosystem comprising of community and companies collectively working together, enriching lives through technology.  Bitswift provides a live public road map that allows community transparency and also allow community members to vote on products and features they would like to see in the Bitswift ecosystem. For those interested, business progress and ideas can be found here: https://trello.com/b/7vrDKOSn/bitswift-roadmap

  • Our primary focus at this time is the Bitswift.shop and preparing the brand packs that will be used for onboarding new reps across Canada.

  • We are still looking for developers who are experienced with the Nxt / Ardor API, PM me if you are interested.  Thank you.

September Client Newsletter: http://pr-cdn.oneaffiniti.com/campaign/123865/html/201709-Lenovo-EBG-CA-Bitswift-Technology-Solutions-20170912-123865.html


More Info

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  • Janus - Status Update


Right around the end of October/November will be an appropriate time I feel for some blogging again. Things should be in position by that point so the information is clear and public on our current development. Ideally the shift to Ardor will come around the time our work for the year-end delivers. If Ardor isn't ready then we can launch then transition.

Withdraw your balance from ETCBets!


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  • Blockchainzoo - The New DeBuNe?

We have been waiting for some time for news of Roberto Capodieci and his asset DeBuNe. The last thing we knew was that DeBuNe needed a rebrand and Roberto was preparing the legal issues associated with an ICO; in which DeBuNe's tokens will have a role. Finally, we have fresh news to announce.


Roberto has confirmed his attendance and will be one of the highlights at the next blockchain event organized in Bali on October 27along with other personalities of the blockchain industry.

Learn more about Roberto and DeBuNe here:

DeBuNe – a Decentralised Business Network on the move
DeBuNe - News and Upcoming ICO

More info



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  • Monopoly Game Powered by Nxt

In a testament to the creative nature of the Nxt community, a Monopoly app is being built on top of Nxt.

btc2nxt, an early Nxt community member, writes:

There are some computer games using crypto-currencies, like Cryptokingdom, Vox, Augur and so on. Huntercoin is a game on blockchain launched in 2014 based on bitcoin source code. Cutting edge of the Huntercoin is human mining.

In this introduction, I will introduce Monopoly like game powered by Nxt chain. Nearly all coins will be distributed by FSM which is similar to AT (automated machine), after players jump to the location of the coins in next block, they will share the coins. There are lands in the game too, so players can buy lands to build hotel, restaurants, healthy club and weapon factory, which can be traded in asset market in the game also.

Features: Total supply: 1 000 000 000 Premine: 4% (for forge use and marketing) Block time: 1 minute Distribution per block: 600 (100 to dev and marketing) Map: 100*100 Lands: 68 (30 for hotels, 30 restaurants, 1 health club, 1 martial art center, 1 weapon factory¡­) Role of player: jumper (collect coins), boss (owner of hotels), worker (build hotels and so on)

Join the Thread


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  • Lior Yaffe in Medium - China Update #1 

Follow Riker and his adventure in China as he attends the Meetup.

He writes:

After a short rest, we went to a meetup which was organized by the Australian chamber of commerce (I think) to introduce blockchain startups. Again there was lot’s of good vibes (in spite of the news). Nobody jumped from the roof, everybody talked about their future plan including one Chinese developer who now needs to return 50M$ worth of tokens.

As an added bonus, the team somehow arranged me 5 minutes speech in front of the crowd, in which I pitched NXT and Ardor like there is no tomorrow.


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  • Lior Yaffe in Medium -  China Update #2

The second update on his week in China.

Rainy day in Shanghai

Another busy day in Shanghai, had several meetings, made several useful connections and discovered interesting leads. Some information is bit sensitive so I won’t discuss in detail in this forum. I would only say that the Chinese are already thinking about the day after the exchanges would close and preparing accordingly.

Thanks again to Lege and Ziggy who had the dubious pleasure to follow me around in the rain and traffic jams and for anyone else who was involved in scheduling the meetings.


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  • Lior Yaffe in Medium -  China Update #3

Saturday, started the day, with a long filmed interview with Ding about NXT, Ardor and life in general, this interview will be part of the documentary film prepared by the team. We then had the NXT Shanghai meetup.

Today, after eating a Peking Duck, headed to the Beijing meetup, in a great location with 30–40 attendees.


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  • Donau Universität Krems - Center for Applied Game Studies - and Blockchain Cooperation with Jelurida (Nxt/Ardor) and Synereo (AMPS)

Alexander Pfeiffer, DUK, wrote about their upcoming blockchain cooperation with Jelurida and Synereo:

Doing my research for several month I switched all my developing plans first from Ethereum to Ethereum Classic and finally decided several weeks ago to fully go on Nxt and later Ardor for my plans regarding setting up new ecosystems

I am sure at this point that Ardor will have the same impact on the blockchain as WordPress had for the internet and blogging.


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  • CryptoCoinUpdates - The NXT Blockchain Will Change How We Vote, Transfer Money, and More

Piece by CryptoCoinUpdates on the importance of the NXT blockchain and especially focusing on the importance of the functionality and versatility value:

New Voting Mechanism For A More Honest Future

Nxt has developed a voting mechanism that can transform voting systems all across the world, so that we no longer need to deal with political corruption and inaccurate results. The decentralized nature of blockchain technology provides a potential solution to common voting problems, such as double voting or people’s inability to make it to the polls on election day.

BNP Paribas’s Private Blockchain

BNP Paribas is also experimenting with a private blockchain based on Nxt. In a world that boasts a global economy, there are still many burdens that limit one’s ability to send money or make a purchase from across the world. BNP Paribas utilizes the Nxt technology to develop a blockchain that will ease these burdens among BNP customers, deemed by the company as a “cash without borders project.”

“I truly believe that blockchain technology has the potential to change the world for the better,” said Lior Yaffe, Cofounder and Senior Developer of Jelurida, “The Nxt voting feature, as well as BNP’s adoption of Nxt technology, are just the first steps of many in order to achieve this goal.”


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  • Financemagnates - BNP Paribas and Accenture Spain Test Nxt Blockchain Technology

BNP Paribas is adopting a private Nxt based architecture.

BNP Paribas is also experimenting with a private blockchain based on Nxt, to reduce the limits on one’s ability to send money or make a purchase from across the world. BNP Paribas utilizes Nxt technology to develop a blockchain that will ease burdens among BNP customers, described by the company as a “cash without borders project.


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  • TradingView - NXT


NXTUSDT +150% Profit — trading idea and price prediction for NXT / Tether USD (POLONIEX:NXTUSDT) from trader Leniex (2017-09-18).


NXTUSDT 64% target profit — trading idea and price prediction for NXT / Tether USD (POLONIEX:NXTUSDT) from trader DianKemala (2017-09-18).

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  • TradingView - Long ARDR rock bottom

Ardor has bottomed out, buyers should take control now as the network is preparing for launch and awareness is rising. TP1: 4200 TP2: 5200-6000 TP3: 12000-20000


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  • 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:

Live stats from the Nxt Blockchain Asset Exchange:

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And that is all for this week, Nxters.

Stay tuned next week for more up-to-date coverage on the IGNIS ICO, the launch of Ardor, ongoing projects, and much more. For those who cannot wait a week to learn more, visit our site. We will explain in more detail about Jelurida, Ignis, Ardor, and everything else that is pertinent to this great ICO.

Follow us on Twitter for important breaking updates during the week as they happen. Stay tuned and stay informed, dear readers. See you back here next week!

Help us grow and help us continue to provide excellent and focused coverage on the ever-growing blockchain space by rewarding us for our efforts. Donation address: NXT-TK9J-MEKH-MUP9-HFCH2.

Nxt News – January 2017 (II): Trees That are Slow to Grow Bear the Best Fruit

NXT NxtCoin 2. generation cryptocurrency news
January 2017 (II)

Here’s some of the latest news about Nxt over this past week in January.



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/

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  • 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.

bjorn_blockchain says:

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.

Bjorn says:

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.

More information: https://nxtforum.org/news-and-announcements/janus-(jns)-blockchain-secured-global-business-token-sale-live/msg228741/?topicseen#msg228741


https://nxtchat.slack.com/archives/janusproject (Link to register at Nxtchat on Slack)

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  • 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.

Roberto Capodieci, CEO at DeBuNe, says:

…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.

Source and more information: https://nxtforum.org/debune/debune-ico-at-the-horizon/msg223391/#msg223391

DeBuNe – a Decentralised Business Network on the move

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  • 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.

Source: https://nxtforum.org/general-discussion/(ardor)-sample-screens-of-btc-usd-trades/

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  • Ardor – Details About its Functionalities

ScripterRon and Riker, Nxt Developers and members of Jelurida, have answered some questions over at Nxtforum.org concerning fiat gateways, bundlers, a global Asset Exchange, etc. on Ardor

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

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  • 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


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  • 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

Follow them on twitter

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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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Nxt news – November 2016 (I): There is no friend as loyal as a book

Newsletter-topNovember 2016 (I)


Here, we bring you some of the latest news about Nxt over this past week in November:



Below, we give you more details about these news:



  • More information about the official NRS app

Last week we mentioned that the experimental version 1.11.0 of NRS was also available as an App for your Android or iOS mobile phone.

Jean-Luc announced:

Experimental support for running the client wallet as a mobile app has been added. See specific documentation at https://nxtwiki.org/wiki/Mobile_App

The app works pretty much the same as when running your desktop NRS client in LIGHT mode. It automatically connects to a random Nxt node to perform all the operations in real time. Besides being able to use all the functionalities of NRS on our mobile phones, this opens up a wide range of new possibilities.

Riker says:

One interesting use case for the mobile app is to use an old phone or tablet completely offline only for signing transactions. This way you never have to expose your passphrase to online computer. See https://nxtwiki.org/wiki/Offline_Transaction_Signing.  If someone likes to try this and report their experience that would be great.

Functionalities that require sending your passphrase to the node, such as to start forging, have been disabled on the app. For security reasons, transactions are signed locally prior to being sent to the remote node. This way, your passphrase never leaves your computer.


Download the App:
Android: https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-mobile-client-android-
sha256: 31a4d5b6e223d86440de815907ae3c9a6a8a495116e83ca0b1078c856609f261

iOS: https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-mobile-client-ios-
sha256: 3e586a4cab198f069275e39f5db7088c0182cda09c698304e047d1db8279e804

More information: https://nxtforum.org/nrs-releases/nrs-v1-11-0e/?all


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  • Questions and answers about Nxt Freewallet

User lostintranslation, co-founder of Freewallet, has made some some clarifications on the Nxtchat on Slack about how this unofficial Nxt wallet for mobile devices works, which we went over in our previous newsletter.

About the code being open-source and how the company makes profits:

It’s like Coinbase, it is not an opensource solution.
…Regarding monetization model: we’ve got one. We have announced the top ups with credit cards, soon we’ll have even more fiat options.

About users being able to retrieve their Nxt passphrase from Freewallet and managing ARDR with the same wallet as NXT

…not for the moment, that’s why we’re in Beta… but soon we’ll have features to control your keys with a passphrase.
…No separate wallets for the moment. But will consider that.

About the integration of Changelly in the App:

 I’m personal fan of Nxt so we support both (Nxt & Ardor), and we made guys from Changelly to do that.
…wait for updates. Freewallet soon will issue cards

More questions about Freewallet can be directed to the user lostintranslation on NxtChat in Slack


Source and more information: https://freewallet.org


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  • Snapshot – The first book about Nxt

Nxter magazine and Plaisir d’histoire have finished editing Snapshot, the first book about the Nxt platform. The book has 228 pages full of information and will be available both in a printed Collector’s Edition as well as an eBook. The date of launch is expected to coincide with Nxt’s third anniversary

Lionel Jeannerat (AKA Ludom) says:

Last year, Nxter magazine proposed a special gift for the 2nd birthday of Nxt: a free PDF containing articles about Nxt in four different languages.

After that, we launched a crowdfunding campaign to finance the translation and the printing of this book. It was a success: https://nxtforum.org/general-discussion/(crowdfunding)-the-first-book-about-nxt

But the work took more time than we expected. The changes in the community and in the Nxt agenda (with Ardor) didn’t help because we needed to complete and correct lot of informations. But finally, we did it!!!

Nxter Magazine and Plaisir d’histoire presents:

The making of this book has congregated many illustrious members of the Nxt community, and all of them have brought their expertise and experiences to make the book a great compendium, useful to any nxter or person excited about the possibilities that this blockchain technology allows. The chapters of the book are filled with interesting bits of information and experiences.

There are many quotes that can stand out from the book. For example, Arthur Penzl, of Nxter.org, writes in the book:


The future will not be centralised. It will be you.

Jean-Luc, Nxt lead core developer, writes in the book:

Nxt has been designed from scratch to serve as a platform for much more than simple money transfer transactions. The relative ease with which new features have been added regularly every few months during the las three years proves the well-designed and flexible architecture of Nxt

Roberto Capodieci, blockchain expert, writes in the book:

Nxt is the most amazing decentralised tool that knows no borders, no central authorities, no risks of fraud. With it’s API and hundreds of endpoint calls, Nxt is an easy tool to integrate with other software solutions, thus being the perfect solution for each business need

For those of you who took part in the crowdfunding campaign, Ludom says:

You can send your assets pbookeng (Asset ID 7676447843512066742) with your postal address to NXT-MDL9-ZDLP-PQ5N-HMKG NXT-DE5P-4A5T-6SHU-7FHCV

If you own an asset for ebooks (ebookeng, ebookfre, ebookrus), you don’t have to do anything. You’ll receive directly a link to download the ebook at the 3rd Nxt Birthday. The book is not translated in French and Russian (sorry but it is to much work for us!), the ebookfre and ebookrus owners will receive the ebook in English + an extra surprise.

Nxter Magazine

Furthermore, there’s a special offer for the members of the Nxt community, before issuing the book in other shops:

We propose an exclusive possibility to the community to receive the book and ebook before the 24 November.

Next week, we’ll launch our shop on Nxt Marketplace. We’ll sell:
– the last 35 collector books: ~25$ + shipping costs
– e-book: ~10$

At the 3rd birthday of Nxt, 24 November, we’ll switch off the shop on Nxt Marketplace. Then we’ll propose the book and ebook on more traditional shops. The price will be 25$ + shipping costs for the the collector books, 10$ for the ebook.

Thank you all who have make possible that this book possible.

Source: https://nxtforum.org/general-discussion/snapshot-the-birthday-present-for-nxt/msg227248/?topicseen#msg227248

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  • NxtFolks – Real application idea for Ardor child-chain


TheWireMaster goes over in this article published on Nxtfolks about a new application for what Ardor could be used for: companies could use child chains to use its tokens as a way to replace the more traditional rewarding system of that company. With this incentive, (tokens) workers will be encouraged to do a better job because of the prize.

Once the employee has acquired enough tokens, they could use the Marketplace to exchange those tokens for products, shop vouchers, or anything else the company can offer. This way, workers would have one more incentive to do their job properly.

Source: https://nxtfolks.com/2016/11/03/real-application-idea-for-ardor-child-chain/

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  • Liquidtech – Pays a 500,000NXT dividend

On the 1st of November, Libertynow, who issued LQD, gave away half a million NXT to LQD holders as monthly dividends. Good news for this fund that continues on working successfully after the hard times it went through a couple of months ago, as we mentioned in a previous newsletter.

The results could have been even better if it hadn’t been for the attempt to trade with the newest and more fashionable altcoin, which in the end, was traded in a manipulated marked.

Libertynow says:

Asset sales continued strong this month.  It was actually a really good month until I tried to trade ZEC and the bot failed miserably.  I still decided to pay out 1.2NXT/asset in dividends, however, since the rest of the month was quite successful.

Dividends paid: 500,000 NXT
Dividends/Asset: 1.2 NXT


Source and more information: https://nxtforum.org/liquid/dividend-day!/msg227137/#msg227137


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  • Tipper Service – Included in the NxtWiki

NxtSwe has made it! A detailed documentation of his tipper service has been included in the NxtWiki. In his latest update, he explained:

I’ve updated the bot a few times since my original post, but never posted anything about it here. Some of these are old updates, and some are quite recent ones. Also, the bot is now also running in crypto chat (digitalcash.slack.com) Slack team as well as nxtchat, thanks marenkar for making this happen!

Riker was kind enough to set up a wiki page for the bot.

The new developments, as NxtSwe reflects, are:

  • Added ‘list’ command to show a list of supported assets / ms currencies.
  • Added monikers for the units, for example, when sending ardr you can use ‘ardor’ or ‘nxt2.0’. These can be listed in the list command above.
  • The bot now reacts to @tipper as well as just tipper when sending tips in a public channel.
  • When sending currency/asset to an account that does not have any NXT, an extra DM is sent to the sender with information that the recipient does not have any NXT and that it might be a good idea to send some in order for the asset/currency to be useful.
  • Send tips directly to NXT addresses, using the same syntax as tipping a user. Just swap @username with a NXT-XXX address.

Tipper monkeySource and more information: https://nxtforum.org/nxt-projects/nxttipbot-for-slack/#msg227182


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  • Hyperledger Project – The role of the Nxt Foundation

The Nxt Foundation became an affiliated of the Linux Foundation and the Hyperledger project, as we announced in a previous newsletter when the news become official. However, there are still some concerns about what the Hyperledger project is and what role the Nxt Foundation plays there. Travin Keith, of the Nxt Foundation, is the marketing representative to Hyperledger. He recently gave us some answers to these questions:

Hyperledger is a project by the Linux Foundation that is a collaborative effort among the participating organizations to promote the use of a distributed ledger (blockchain) and bring it to mainstream business and organizational use

The Nxt Foundation benefits a lot by being a part of the Hyperledger project, even if some of the work that’s done creates a conflict of interest (them making their own blockchain vs using the Nxt blockchain or an Ardor child chain). I get to hear directly from these influential representatives what needs they have and how they think blockchain technology could help them. These discussions really help out with regards to figuring out how Nxt or Ardor can complement them or maybe even substitute them for other companies.

Another thing is that it helps the Nxt Foundation be a credible source of information. One of the things being discussed is a book, and I’m trying to be one of the authors for it. I’m still trying to gauge the level of knowledge that other representatives have with regards to the public blockchain space… I’m trying to be proactive and joining sub-committees to try to get a stronger reputation. At the moment, I’m not able to attend events, for various reasons, but I hope to in the very near future. It seems to be one of the best ways to talk with them as the calls can sometimes be a bit crowded.


They know about the existence of Nxt, and maybe Ardor, but it’s important that I don’t push it too much. I’m not there to sell, I’m there to collaborate and learn… Keep in mind that all these other companies also have something to offer the others, and so there’s an unspoken rule that we don’t sell to each other. I think this is where going to events personally will make the most sense, because I’m then able to meet up with them after work… on the calls, it’s usually during regular working hours, so they only want to stick to the agenda, which I understand.

Source and more information: https://nxtchat.slack.com/archives/general/p1478205207011341


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  • Janus Token – Chooses the Nxt – Ardor platform

The user bjorn_bb, representing Janushas announced that this team will be joining Nxt platform in the near future. Nxt features, together with the help offered by the Nxt Foundation, has made them take this decission.

We hope to launch within the next 2 weeks if everything goes as planned.

All major questions should be answered by both our whitepaper and FAQ. Since we are going to be part of the Nxt and then Ardor platforms (for at least a  decade) when that is ready my team and I will be here for any questions that are not covered in our site/threads/papers  as well.

Our goal is to create our parent company and then house several businesses under this conglomerate to form a large online presence in traditional global and country specific business industries. It will at first sound extremely ambitious, and it is, however this is not a newly formed idea and has been in incubation with my business partners and I for years. We are currently owner/operators of a bitcoin business for over a year and decided that including the blockchain community in our future work could be a better alternative than tradition angel investment. After reviewing all platforms for months and speaking with several developers of each platform we found the Nxt team/foundation and blockchain to be the best for our uses now and in the future.



We’ll push to get Janus launched asap though as the token sale deadline is Dec 31st and we aren’t changing that so 2017 can start a series of businesses launched. When the sale launches half my staff will be helpiung the communication to the public the other will continue working on our businesses.

This foundation is incredible, they are very good people and we are very pleased to have found such a great commodity in blockchain… after speaking to them weekly for months they are professional and very committed to this platform and those like ourselves looking to create large businesses and using this platform.

More information: http://janustoken.com/


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  • Nxt Support Helpdesk – 300 issues resolved

Nxt Support Helpdesk is the place where users can utilize when faced with questions about the NRS software, together with Nxtforum.org and NxtChat on Slack (#helpdesk channel). There is also a business assistance service for companies on the system..

The helpdesk is a community-based effort. Please be aware that the agents there are unpaid volunteers who help you because they are long time Nxt users who want to help you because they love our platform.

Recently Evildave, of the Nxt Foundation, has made the following statement:

The Nxt support desk closed it’s 300th ticket!

That’s 300 -happy- Nxt users helped out by the Support Desk Team.


We’d like to congratulate the team behind this service, and thank them for the awesome job they are doing for the community.

More information: https://nxt.org/support/index.php


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  • DeBuNe – Last assets for sale at a discount

Roberto Capodieci, DeBuNe‘s CEO, has announced that he has just offered the last 10,000 DeBuNe assets for sale at a discount on Nxt’s Asset Exchange. As he explains, once nxters have bought all these assets, which will happen soon given the volume of purchases being made, an ICO for the general public will take place. When the ICO is over, it will mean that all the money necessary will have been collected, and DeBuNe will finally be launched.

Roberto says:

With Transaction 16419882809150848464 the last 10k shares of DeBuNe have been put on the AE for 40NXT each, leaving DeBuNe 750k assets.

The ICO will start at a value of NXT45 per asset going up, for a total amount of 250k assets.

I really can’t wait the ICO to be over to launch DeBuNe :)

debune final

Source and more information: https://nxtforum.org/debune/last-assets-in-ae-from-asset-issuer!


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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:

ardr_btc_6_nov_2016(Back to the Index)


Nxt news – October 2016 (III): Welcome Mr. ARDR

NXT NxtCoin 2. generation cryptocurrency news

October 2016 (III)


Slowly but surely, news about Nxt kept coming up this past week:

Here below are more details about each of these:


  • ARDR has been Released!

On Thursday, the 13th of October 2016, at 07:45h CEST, block 1,000,000 was reached. At that time, the snapshots ended and the asset that represents the ARDR token was distributed among all the Nxt accounts according to their average NXT balance during the last 3 months.

From this moment on, until the new Ardor chain goes live, which is expected by the third quarter of 2017, the ARDR asset can be freely traded on Nxt’s Asset Exchange, or at centralized exchanges that voluntarily elect to do so.


More information: http://test.nxter.org/the-nxt-2-0-token-distribution


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  • ARDR can Already be Traded at HitBTC and Some Other Exchanges

The exchange HitBTC was the first to allow users to trade the ARDR asset.

The announcement was made a few days before the ARDR distribution to Nxt users took place. Inclusion of ARDR in such an exchange will allow for a bigger ARDR trading volume as well as provide the possibility of using some other coins than NXT to buy/sell ARDR and thus increasing its popularity, exposure, and distribution of the future chain.


Soon after the HitBTC announcement, the exchanges Bittrex and Changelly also launched their ARDR – BTC markets. We’re pretty sure that some other exchanges will follow this path too.


Today, on 17.10.2016 Poloniex added ARDR – BTC market.


More information: http://www.newsbtc.com/2016/10/14/hitbtc-launches-ardor-redistributes-ardr-nxt-holders




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  • High Volume of Trades at Nxt Asset Exchange

The launching of the ARDR asset has caused a lot of attention to the Asset Exchange by significantly increasing the volume and number of trades. The Nxt Asset Exchange is a peer-to-peer exchange built directly into the Nxt software, thus allowing secure and fast decentralized trading for Nxt Assets. This eliminates the need to transfer assets or to put trust in an outside agency or business, as is the case with the centralized exchanges.

You can see all the statistics of the blockchain usage using the block explorer at myNxt.info.

Asset Exchange Trades per DayNxt-asset-exchange-ae

Evildave, a member of the Nxt Foundation, with the help of Wolffang and Marenkar, has made a detailed tutorial about how to trade ARDR on the Asset Exchange. This will come handy for both newcomers and for that people who want to refresh their knowledge of this feature.

Source and more information: https://nxtforum.org/general-discussion/how-to-trade-ardr




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  • New Version NRS  1.10.3

NRS 1.10.3 has been released. There are some changes when faced with the previous NRS version. Among them are some code and other parts of the GUI related to the ARDR snapshot having been removed, as well some improvements to achieve a faster execution time when performing some functions. Some other minor changes have also taken place.

The new version also includes a modification of the NRS copyright, according to the core developers, which states:

The copyright of all GPLv2 code contributed by the Nxt Core Developers to the Nxt Reference Software now belongs to Jelurida IP B.V., a private company registered in the Netherlands. Please contact info@jelurida.com for commercial licensing options if the GPLv2 license does not fit your private blockchain needs.


Source: https://nxtforum.org/nrs-releases/nrs-v1-10-3/


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  • Megalodon Will Also Give Away ARDR

Last July, “The Forging Bounty Lottery” was announced. It was a campaign started by Megalodon to create incentives to launch Nxt nodes. Megalodon placed 5,000,000 NXT for the campaign. These funds have been staked through the snapshot period. Because of this, the plan now has a considerable amount of ARDR which will also be distributed together with the reaming NXT to users who run Nxt nodes.

Megalodon says:

ARDR in Sending Account: NXT-G98N-SZGX-Z8ZA-9HNY6 will be distributed as forging bounty in the current Nxt blockchain.
ARDR in Funding Account: NXT-HH9F-JMRB-6HRD-HD5ZW will be distributed as forging bounty in the upcoming Ardor blockchain.

Lurker10 is working on an updated version of current script that will enable this.

So far, Megalodon is achieving more than satisfactory results. At the time of writing, Nxt has reached 300-350 public nodes, what gives the network a great level of security.


Source: https://nxtforum.org/general-discussion/5-million-nxt-bounty-for-nxt-ardor-forgers/msg225446/#msg225446

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  • Nxt Integrated on Azure Mentioned on Forbes, NewsBTC, Opptrends and Criptonoticias

Roger Aitken, writer for the Forbes magazine, Gautham for the NewsBTC magazine, Ali Raza for Opptrends, and Sander Machado for Criptonoticias have highlighted what we already mentioned some days ago in our newsletter: Microsoft Azure, the integrated cloud services that has analytics, computing, database, mobile, networking, storage and web services, created by Microsoft for building, deploying, and managing applications and services through a global network of Microsoft-managed data centers, now allows one-click deployment of Nxt nodes. Nxt is now a Blockchain-as-a-Service platform on Microsoft Azure!

This announcement will promote the implementation and Nxt growth on this popular platform. The great impact that this piece of news is causing among these media outlets is a clear evidence of its importance.


Source: http://www.forbes.com/sites/rogeraitken/2016/10/07/microsoft-azure-launches-easy-nxt-blockchain-nodes-for-developers/#503122183851




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  • ARDR and Jelurida Mentioned at Coremedia

tells us in this article for the Coremedia magazine about the recent ARDR token give away after the snapshot period that has run for the last three months is over. He also talks about the future Ardor platform, which will be released in the third quarter of 2017.

The article also deals with the launching of the new company called Jelurida BV, which owns the intellectual property of the code of Nxt.


Source: http://coremedia.info/index.php/blockchain-news/item/331-nxt-2-0-ardor-token-launched-and-trading-jelurida-announced

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  • Interview with Damelon at BNR Radio

In this radio interview by the Dutch station BNR radio, Bas Wisselink of the Nxt Foundation talks with the interviewers about the praises and possibilities that this platform provides to users. As a prominent theme, they establish an interesting discussion about the use of blockchain in governance, society, and community.

The interview is in the Dutch language.


Source: http://www.bnr.nl/radio/de-nieuwe-wereld/10311789/10-oktober-wat-als-er-geen-regering-is


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  • Ardor and Nxt Mentioned in Wave’s Crypto Round

Our colleague Travin Keith (AKA Marenkar) of the Nxt Foundation, appears in this weekly video news summary by Wave’s Crypto Round. Starting at the 2:55 into the video, Travin goes over the recent ARDR distribution among Nxt users, the future launching of the Ardor blockchain, and the future features that this Blockchain-as-a-Service platform, an evolution of the current Nxt blockchain, will have: Marketplace, Voting System, Asset Exchange, Messaging System, Coin Shuffling, and of course, the possibility for the users to create on-demand child chains and how to operate them.

Thank you to ShutterBird Production for helping Travin!

[vsw id=”GrAHSiJkPN8″ source=”youtube” width=”425″ height=”344″ autoplay=”no”]

Source: https://www.reddit.com/r/Ardor/comments/57qm2c/nxt_and_ardor_are_featured_in_this_weeks_weekly

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  • Nxt Technology as a Basis to Evolve DLT

This article by Thomas Moore at DCEbrief deals about the recent agreement between Russia’s National Settlement Depository (NSD) and South Africa’s Central Securities Depositories (CSDs) to begin initiatives that use distributed ledger protocols, as well as some other advances and agreements that are taking place in this field.

Let us remember that the NSD has already developed a prototype of a high capacity voting system based on Nxt technology that is able to achieve up to 160 transactions per second with no problem.


Source: http://dcebrief.com/russia-and-south-africa-new-partners-in-a-dlt-world

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  • Ardorplatform.org has been updated

The ardorplatform.org website has went through a restyling in order to add new information, and rearrange some of the existing sections.

With this redesign, the visitors’ experience will be nicer and will make it easier for them to learn the new functionalities that Ardor will have, such as the creation of child chains and its possibilities.


More information: https://www.ardorplatform.org

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  • NxtBeer – The Nxt Alternative to “I Owe You a Beer!”

This peculiar asset intends to foment community spirit. It was first used at Nxtchat on Slack, where, as any other asset, it can be tipped to other users using the NxtTipBot. With a simple command you can award other members of the Nxt community with beers (official size 0,5L). The asset never expires, and the redemption can only take place when the two users meet together. Do you fancy a beer?



Source: https://nxtforum.org/assets-board/(ann)-nxtbeer-the-nxt-alternative-to-‘i-owe-you-a-beer!’/msg225196/?topicseen#msg225196

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  • Weekly NXT/ARDR Price Evolution

The following graphic shows the NXT / Bitcoin exchange price at Poloniex for this past week:

nxt_16_octThe following graphic shows the ARDR / Bitcoin exchange price at Bittrex for this past week:


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Nxt news – August 2016: Building with Lego or modeling with clay

NXT NxtCoin 2. generation cryptocurrency news

August 2016 (I)


Nxt news keep coming. This week we’d like to remark:

Here below are more details about each of these:


  • New article about Nxt by Andrew Marshall for Cointelegraph

The magazine cointelegraph published an article that showed the advantages of Smart Transactions, a feature that is already available on Nxt and that all Ardor’s childchains will be able to use.

The article explains how a lot of the transactions that can be executed on the Nxt platform are intelligent: messages (encripted or not), phased transactions, issuing and buying/selling assets and coins, dividend payments, voting, etc. This preformatted intelligent transactions have been tested on the platform for a very long time, which guarantees a smooth performance with no errors, together with the ability to combine with other smart transactions in order to cover a wide variety of needs.

It is modulable, so the coding work needed to develop an application is significantly reduced. The article explains that working with Nxt’s Smart Transactions is like building with LEGO, while working with Ethereum is like modeling clay every time.

Link to the article: https://cointelegraph.com/news/nxtardor-platform-to-make-blockchain-cheaper-and-safer

Captura de imagen de la revista Cointelegraph
Main page picture of the article at Cointelegraph

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  • Nxters for equity

Dwayne Johnston, Nexter and youtuber, gives us his vision about the Ardor platform and explains us how, in his opinion, the Nxt technology has all the necessary tools to make the world a better place.

NXT introduces ARDOR and we take a giant leep into the future

In this vídeo, Dwayne alleges that ARDOR is going to be something big that will be useful to governments, companies and users. This is why it’s necessary that the people who belong to a minority has to have it’s own criptocurrency. In this way, they become financially autonomous and are able to fight against the economy that, in his opinion, is socially inefficient.

[vsw id=”yauHv5eONQQ” source=”youtube” width=”425″ height=”344″ autoplay=”no”]

NXT crypto technology and PeaceCoin for black people and minorities

In this video, Dwayne breaks down what he already started to tell us in the previous video, how Nxt operates as well as the coin called PeaceCoin (inside Nxt’s Monetary System) and it’s goals. He also goes over things such as the intrinsic value of any coin; the current lack of a coin specific for minorities and the initial difficulties that a newcomer faces when buying their first coins, etc.

[vsw id=”T18TrkGxLao” source=”youtube” width=”425″ height=”344″ autoplay=”no”]

Defy the Financial Power Structure with NXT and PeaceCoin a NXT Currency

Here, Dwayne explains to us how minorities must invest in their own coin, and that the coin for them is PeaceCoin, which is released through the Nxt’s Monetary System.  Those minorities, he says, have to recover their dignity. They got off to a bad start because they were given a poor set of cards from the very beginning. He claims that it’s necessary to change the financial structure around us and that’s what he is trying to solve with Peacecoin.

[vsw id=”mkDB6shHx8c” source=”youtube” width=”425″ height=”344″ autoplay=”no”]

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  • Damelon (Nxt Foundation) is interviewed in the first episode of Core TV

In this joyous interview, many relevant subjects about Nxt and the Nxt Foundation are discussed. Among them we would like to bring up here:

  1. Bas Wisselink’s (AKA Damelon) educational background, how he arrived into the world of crypto and how he has managed to focus his professional life around this world.
  2. The importance of Megaladon’s campaign to improve the number of Nxt public nodes. Actually, he expects to multiply the current number of nodes by 2 or 3.
  3. Parallels are made between Ethereum’s recent hardfork / rollback and the situation that happened years ago in Nxt, where 5,000,000 NXT was stolen from the exchange BTER. However, in that ocasion the Nxt community decided not to perform the rollback.
  4. How the concept “decentralization” can be combined together with the existence of a lead developer.
  5. The Foundation’s point of view and objectives and that don’t have to be the same that all the Nxters may have (as it would be impossible). Aditionally, another group could take the initiative and launch his own foundation with different goals.
  6. The difference between “price” and “value” for a criptocurrency.
  7. The differences between Ardor’s childchains and the sidechains that are projected with other coins.
  8. The distribution process and the later period to buy/sell ARDR, preceding the full release of the Ardor platform. It was made this way to avoid (unfair) accusations of bad token distribution like the ones Nxt suffer from in the beginning.
  9. It mustn’t be strange that some members of the Nxt Foundation or from the Development team have started some parallel projects besides Nxt. The names can change, but the projects will last so that they can be continued by anyone who wants and has enough skills.

[vsw id=”Dzt59pkBYnU” source=”youtube” width=”425″ height=”344″ autoplay=”no”]

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  • Update about the several campaigns running to promote forging

Forging is going up. In addition to Megalodon’s initiative (explined in this previous article), some Nxters are starting to voluntarily pay higher fees for their transactions. This adds up to Megalodon’s campaing, the NSC campaign and the Forging Bounty Lotery. A real chance to earn some NXT while strengthening the Nxt network at the same time.

Source: https://nxtforum.org/general-discussion/5-million-nxt-bounty-for-nxt-ardor-forgers/msg222551/#msg222551

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  • Bounty program for Nxt/Ardor guides and FAQs

OutSL has won the first 5,000NXT of the Bounty program for Nxt/Ardor guides and FAQ creation.

The video looks nice and its detailed content will be really helpful to the newcomers to the Nxt platform. They will be able to visually follow all the procedures step-by-step to install and execute the Nxt wallet on their computer. Here is the result:

[vsw id=”Enwf_mm69sw” source=”youtube” width=”425″ height=”344″ autoplay=”no”]

Source: https://nxtforum.org/general-discussion/(tnsse)-bounty-program-for-nxt-ardor-guides-and-faq’s/msg222643/#msg222643

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  • DeBuNe again on the tabloids

Audo Kryptowitz and Robert Bold wrote this article about DeBuNe. The DeBuNe project aims to build a collaborative network that will allow users to build a genuinely free market economy, opposite to the current situation where lobbies and other powers have the ability to influence the decision making process.

With the burst of the blockchain technology, it’s no longer necessary that a superior entity coordinates/influences the entire process. All the users are specialized and are able to self-coordinate and self-organize themselves. That’s what the DeBuNe project aims to do.

Source: http://www.digitalcatallaxy.com/articles/independent-business-units-on-a-decentralized-business-network

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DeBuNe – a Decentralised Business Network on the move

NXTER.ORG’s RubenBc interviews Roberto Capodieci, who is the CEO of DeBuNe (Decentralised Business Network) and OTDocs.com (Open Trade Docs) and also the Founder of TheSoundKey.com + Go.Notifile.me.

Roberto has extensive experience in the IT and business sectors. At age 10 he developed and sold his first video game, began his IT entrepreneurial career when still in his teens and at 20 years’ old was running an office of almost 40 developers and software engineers.

On January 16, 2015, he announced DeBuNe in Nxtforum and 10 days later began a successful fundraising campaign.

Roberto sees himself as a farmer with a seed in his hand (DeBuNe), a good fertile field to plant it in (Nxt) and needing only some more water (investors) to be sure of a bumper harvest.

RubenBc: Roberto, I’m delighted to be speaking with you and look forward to learning about the technology that you’re presenting to us. First of all: What is DeBuNe?

Roberto: Thanks Ruben –  it’s great to be chatting with you. Basically, DeBuNe was born with the aim of decentralising business processes. More specifically, putting business processes on the blockchain, delegating the execution of pre-agreed decisions to smart contracts and phasing transactions. DeBuNe therefore enables entrepreneurs to put the administrative aspects of their business relationships on auto-pilot. This of course means they can then focus much more on the aspects of their work that require their key skills.

RubenBc: What types of project are currently running on the DeBuNe platform?

Roberto: Before having the chance to become a service open to everyone, DeBuNe has become a technological foundation for other projects of our own. We’ve been using it as a platform to implement some of our other technological solutions:

For example, OTDocs. This was the first project to use DeBuNe decentralised business process solutions to help manage documentation in international trade finance. We’re currently working on proof of concept pilot projects with several banks in Singapore and Australia.

Another of our projects is TheSoundKey; this is a small hardware device you can use to digitally sign blockchain transactions while making sure your digital identity is absolutely secure at all times.

Last, but not least, our latest project – my favorite and for sure the best – but it’s still top secret! One of the four versions of this project, http://go.notifile.me, will run on the Nxt blockchain, and will hopefully help to keep Nxt alive!

RubenBc: Do you require a new financing round? If so, will you be making use of the Nxt platform to raise the finance?

Roberto: The short answers are: not yet and yes I expect we will be doing so but only when the time is right. Nxt of course is not only a platform, it’s also a community and it was the amazing enthusiasm and support of the Nxt community that gave me, and the rest of the team, the courage to drop everything else and focus 100% on DeBuNe and collateral projects. The funds which we raised initially represent less than 10% of what we ourselves have invested so far.

The income generated by the DeBuNe projects is distributed according to asset ownership which in practice means that approximately 25% is distributed, as revenue share, via the Nxt platform, to the individual asset holders and the rest is retained by DeBuNe to cover the running costs. This is why DeBuNe will never put up for sale in the market more than 50% of the total amount of assets.

To support our efforts we have started offering consulting on blockchain projects, and implemented a couple of solutions. We are now hoping with our most recent (and still top secret) project to generate some fast income, and at the same time we are closing some paid pilot projects with some banks in Singapore.

We haven’t yet accepted any seed fundings with our startups because, before we sell any equity to investors, we want the companies to be worth as much as possible. In this way we’ll be able to raise the necessary finance without having to give away too much share capital.

RubenBc: I’ve read some of your articles, blockchain technology clearly fascinates you and specifically the Nxt blockchain…. How do you think DeBuNe can change the way a business is run?

Roberto: Through data decentralisation, combined with the use of digital signatures and thus identities, secure “timestamping” of transactions, non-repudiation, and pre-programmable actions. These are all key aspects of how DeBuNe can prevent business processes from being manipulated by any third party.

Two other things are needed. First, a reputation management system that lets everyone know how much trust they can place on a user via his digital identity (i.e. their public key on the blockchain with which they sign all their digital transactions). Second, coupled with that, a good decentralised KYC system which ties a person’s or company’s real identity to their digital identity. Together these two things will empower people and companies all around the world to do business with each other, regardless of where they are located, or what prejudices other people may have of them or indeed they may have about other people.

RubenBc: What Nxt features are you using?

Roberto: We pretty much only use the messaging system and sometimes the Alias System. We may consider the use of Phased Transactions.

RubenBc: We have started 2016 with a remarkable increase of confidence in the crypto ecosystem thanks in part to the prospect of another large crisis in the financial markets. What will happen with DeBuNe during 2016?

Roberto: DeBuNe will take time to release a finished product, due to several legal and practical (funding) reasons, but it has opened the doors to the means to get there. DeBuNe sub products will see the light of day this year, and I am very confident that they will succeed!

RubenBc: Do you think that the growth of Nxt’s adoption and other cryptocurrencies will be constant, progressive or will there be an event which will make it grow exponentially?

Roberto: As with any new technology there is a huge need for education in order to gain adoption. At the moment though, the “blockchain” is just a buzz word and every financial institution thinks it needs to have a project involving one, even if in most cases they have not much idea of what it means. And, at the other end of the supply chain – the end users – don’t even know what they are using.

I recently overheard someone expressing his surprise that to use Facebook he needed an Internet connection: to him Facebook was an application on his phone, and had nothing to do with the Internet. It will therefore very likely take a few years before this person understands crypto platforms!

Roberto Capodieci: https://sg.linkedin.com/in/debune
The DeBuNe whitepaper: http://debune.org/DeBuNe.pdf

Read more about Roberto Capodieci and his background + blockchain visions in the The First Nxt Book (to be published in late February/early March 2016). 

FinTech Asia trend vote on the Nxt Blockchain

The 29th July was Demo Day for FinTech Startups in Singapore. The biggest event in Asia of its kind!

[fusion_youtube id=”-qa1fIQi_SY?” width=”” height=”” autoplay=”false” api_params=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=””][/fusion_youtube]

During the course of the day Roberto Capodieci of DeBuNe gave a number of presentations  and organised, through Open Trade Docs, a survey of the audience via the Nxt blockchain.

Survey Results:

Q. Which 2 areas should be next in FinTech?

A. Blockchain (25 votes) and Wealth Management (21 votes).

Q. What is missing in the FinTech ecosystems in South East Asia?

A. [Top 2 answers] Cultural change in large institutions to allow innovation (34 votes); improved regulatory frameworks (24 votes).

And here’s the most important result of all from the survey: the number of first time blockchain users (specifically Nxt blockchain users) in the world has increased!

Roberto writes:

As it would have been impossible on the day to have arranged for the participants each to have their own funded and activated Nxt accounts so that they could cast their vote using the Nxt voting system, we instead created a wrapper with a PHP application, and used a single account that sent the votes as messages to itself, and another app that counted the votes.

Users accessed the app either via mobile by scanning a QR code or simply by going to http://demoday.live.otdocs.com

It really wasn’t meant to demonstrate a secure method of voting, but rather to take people who had never used a blockchain before for a micro ride into this world, to trigger their curiosity and desire to learn, and maybe kill the “fear of the unknown” that stops so many from getting started with crypto platforms.

The results of the votes can be seen here: http://demoday.live.otdocs.com/#/results

And the last transactions (so people could see the votes recorded on the blockchain as they happened) are visible here: http://demoday.live.otdocs.com/#/transactions


Fun fact supplied by m19 of Nxt Forum:

The guy in the front [2nd from left – click pic to enlarge] is Sajid Javid, Secretary of State for Business, Innovation and Skills from the UK.

Hopefully, Mr Javid will have attended one of Roberto’s presentations and learned for himself how the OTDocs system can remove the potential for international trade finance documentation to be misused in fraudulent schemes that cost businesses around the world billions every year.


Further Information

‘OTDocs is a license fee free Open Source software tool that provides a platform for certification and compliance to online identities and documents as a mean to facilitate document management and process, respect privacy, and prevent international trade finance frauds.’

Press Kit


NXT Weekly 26.01.2015

Welcome Nxters: newcomers as well as long-time community members!

News Summary

Nxt has just released another major feature: The Monetary System, which allows users to issue customized coins on top of the Nxt Network. The community has voted on whom to entrust with spending our community funds, lots of 3rd party projects are cooking, the Consensus Research Group has released reports about the Nxt PoS algorithm, and also: You can now donate towards the possible destruction of our blockchain. Sounds massive? It is. This is NXT Newsletter #16.


In this week’s issue, the focus is mainly on the inner workings of the Nxt core tech and the Nxt Community.


  • The MS launch
  • CFC: Voting result
  • New Nxt core devs
  • Kill the blockchain!
  • Consensus Research Group
  • Hail to the old committees
  • Quote of the week
  • Words of Wisdom of the week

The Monetary System launch

The Nxt Monetary System (MS) has launched. Using the various parameters outlined here, anyone can now create customized currencies on top of the Nxt blockchain. New coins can be designed for specific purposes, some of which are touched on in this article.

750+ currency names were registered within the first 24 hours of the launch, making it a good day for forgers, with approximately 370K NXT in fees (40NXT – 25,000 NXT per registration) being paid out.

With the Monetary System, you can create coins without having to set up and bootstrap a network, as it’s already backed and secured for you by the Nxt Network. Bootstrapping is one of the biggest hurdles to overcome when launching a new p2p coin, so this is of particular relevance whether you’re a person, a business or a local community which wants to go digital with an already existing local currency. Loyalty points, game currencies, and controllable/pegged currencies are easy to create, it’s even possible for existing coins to be moved onto the Nxt blockchain. The Nxt wiki has a great in-depth tutorial, and if you need further help, you can visit the Monetary System forum.

Another use case is the ‘crowd funding coin’, which is ‘sold’ in exchange for donations; if a pre-set amount of ‘coins’ have been ‘bought’ at a pre-set time, the funds are released to the issuer. If not, the money is returned to the donators/buyers. This feature turns Nxt into a 100% decentralized crowdfunding platform.

As usual with Nxt, this new core feature doesn’t come with an in depth ‘For Dummies’ manual. Use cases are proposed, but the community is encouraged to test, learn and tweak it, brainstorm and find more use cases. If you want to play around with issuing currencies, you are advised to start by doing so on the Nxt Testnet.

Nxt.org has set up an easy to access testnet node, and a well-funded account will provide you the testNXT you need to get familiar with the Monetary System. Instructions and testnet can be found here.

On mainnet new ‘PoW’ coins like EGOLD, ELEMS and FORKK are being minted with the Nxt Mint Worker Utility and sold in the in-client exchange, whilst in the giveaway threads in Nxtforum useless MS currency coins, created out of thin air for a 40 NXT fee, are being given away for free.

While some early MS coins are meaningless, others have clear purposes. These are a few examples:



The Ora project started out on bitcointalk.org with an idea of making a “free and fairly distributed” 2.0 PoS coin based on the Qora source code. Ora describes itself as being a “leaderless, decentralized ‘starfish’ community software development project”. The initial method of stake distribution was a giveaway using the Nxt Asset Exchange: 889 people registered for a free stake of 166,666 assets each, between June 24 and July 8.

On Nov. 25 Ora announced that it would be launched as a Monetary System coin.


When CFB first suggested this option in June the only real reservation was that ORA would be dependent on the NXT platform for its very existence. Six months on, as NXT celebrates its first birthday we believe the connection with NXT is a major advantage for ORA. The NXT ecosystem is resilient, vibrant, and grows stronger every day, and the development output over the last 12 months has been truly staggering.

We believe the NXT platform offers ORA long term network stability, just as TCP/IP offers stability for higher order protocols like HTTP, FTP, SMTP, and this stability will allow us to focus our resources and attention on the more ‘retail’ level concerns, like user experience, leaving the ‘backstage’ grunt work of network security and stability for NXT. As always, we welcome any feedback our stakeholders might have, and we take this opportunity to invite all people to join us, particularly those with dev skills who are interested in developing the ORA applications that will run on NXT.

ORA’s three letter code is the ISO compatible, ‘XOR’, so ORA is set up for future growth and international recognition.




We have issued ZIN as a POS Crypto in NXT Monetary System and will assign everybody with a SMS Number 100 ZIN soon! It can be the biggest airdrop ever in Cryptocurrency history!

Sepehr is a veteran Nxter from Iran, and also the issuer of another asset, Forgecoin, which has earned him trust in the community by paying dividends to its holders for 7 months.

CryptoZin will make NXT (as well as the MS coins built on it), BTC and other top altcoins simple to use for anyone with a smartphone. We don’t yet know whether ZIN will have its own monetary value or not. But by sending a Nxt backed cryptocurrency as a promotional offer to “anyone in the world with a mobile phone”, Sepehr will be indirectly demonstrating the value of his service. ZIN will prove to a non-tech audience that CryptoZin not only works but also is so easy to use that they can send ZIN/MS coins on to friends or even grandparents. Next step, of course, will be to teach them the value of real cryptocurrencies. CryptoZin plans to integrate SuperNET.



jl777 has suggested in SuperNET Slack that he will issue an MS coin with a special use case. Exactly how he will tweak it, is something we’ll have to wait and see, as the announcement only contains limited information about this.


I want to make a short life cycle realtime currency for poker chips. We need a way to do 1000 tx per second between the players as the poker players are playing that fast. Any change in players extinguishes the currency, and it goes to something more solid, maybe NXT, maybe some MS coin. I believe I figured out how to achieve realtime tx, backed by locked NXT, freely exchangeable, verifiable. Still some unsolved issues but I feel the locked MS coin is a key part of this.

James has not earned his respect in the crypto world by talking tech without backing his words with actual code. So we might soon see a new MS use case turn up here, as part of a feature in his brainchild, the SuperNET.

LTB or not?

Swiss NXT and Bitcoin investor Marc De Messel has recently offered Adam B. Levine to buy out all Let’s Talk Bitcoin coins for 4 million NXT, provided that Adam would use NXT as his reward currency instead. After having his offer appreciated but turned down for various reasons , Marc changed his offer to this: If the LTB crew and community re-issues their LTBcoin experiment as an MS coin with additional features, Marc will back it with 2 million NXT in addition to its own current net worth.

The discussion about his offer is ongoing and can be followed here.

So what’s next?

The Monetary System can be used in its most raw form within Nxt’s NRS client (like any other core feature), but as usual with Nxt, further developments, including third party ones, are quick to appear or at least be under discussion: a java ‘minter’ has already been launched, NxtMint, there’s talk going on about making easily customized standalone MS-wallets, MyNXT has released an MS-plugin for their online wallet, and MS enhancement proposals are being discussed with the core devs.

To discuss the use of MS currencies in Local Exchange Trading Systems, visit this thread.

Anyone can build on the Nxt platform for free. There’s a list of API calls here, and a list of the public nodes available for all. Inside.org is an initiative designed to help new Nxt programmers, and on the forum, you can get help from the Nxt core developers themselves. Nxt is an easy to use crypto platform, and with the MS core feature launch, Nxt has now taken another big technological step forward ahead of the competition. The current use cases for the NRS client are merely the tip of the iceberg of possibilities, as described in the Nxt [CORE] article series.

CFC: Voting result

The proposal on how to structure a new and pro-active Nxt Community Fund (as mentioned in the last newsletter) was adopted with 94.1% of the votes, meaning that the remaining NXT (approximately 6M in total) from the 3 existing community funding committees will be transferred to this NEW committee, which will be given authority to act and spend on behalf of the Nxt Community.

On December 03, interested Nxters were asked to nominate themselves for one of the 8 unpaid positions in CFC. On January 14, a 2 weeks’ voting round finally began and the result of the vote is the following lineup:

Chair : EvilDave
Secretary: Cassius
Business position : Damelon
Technical member : ChuckOne
Treasurers: DomP and Pouncer

Congratulations to all those elected and not least a great big THANK YOU!

New Nxt core devs

A new developer team has joined our CORE dev team. They will implement:

  • Global Collaboration, which includes:
    • Project Management.
    • Regular and flexible payment models via simplified Smart Contract Transaction.
  • Reputation System.

Their vision is a decentralized business network (https://nxtforum.org/debune/announcing-debune/).

NRS manager ChuckOne writes:

Please welcome the new members of the core dev team by providing donations or help to them. Roberto is going to release assets for crowdfunding in order to try covering their expenditures for both the NRS core additions and their third-party application DeBuNe on top of Nxt.

Welcome, Roberto (Capodieci), Yudi and aryanatameiyana. A full list of Nxt core devs are here.

Kill the blockchain!

A week ago a visitor from Bitcointalk made it to the Nxtforums.


Hi! I’m cynicSOB and I’m a cynical SOB
and I’m here to hack your coin
white hat

Nxt raises funds for its funeral

BCNext once advised: Do not trust strangers on the Internet, especially if their nickname is “BCNext”. It’s not the first time that the Nxt Community has set up bounties and dared hackers to attack the Nxt blockchain and kill it. cynicSOB has been met with open arms and best wishes by the community, as well as pledges of both NXT and BTC bounties from Nxt veterans, and EvilDave (former TechDevFund Committee member, now chair in the new Community Funding Committee) is offering cynicSOB technical support to carry out the attack. Unfortunately, an attack on the Nxt blockchain would cost around 3,7 million dollars, so the attack will be carried out on testnet.


Could we please beef up the TestNet and get some more nodes up? I’d like to see around 20 nodes, with at least 10 forging accounts. We may need to do some serious TestNXT redistribution, as cynicSOB will also need a substantial amount to set up an attack (10% of the total was suggested) as well as substantial sums for the forging accounts.

Let’s see if the creation of BCNext and the Nxt CORE dev team can be trusted. We’re in the hands of cynicSOB. The ongoing drama can be followed here.


Only in Nxt do prominent Nxt users want to see their coin hacked!  We know our devs can innovate past any verified flaw! ;D

Consensus Research Group

December 12, Kushti published a simulation tool for Nxt forging on GitHub, taking a less ‘cynical’ approach to the same declared goal – testing whether the Nxt PoS tech is as secure as we claim it to be or not. With ‘Consensus Research Group’, Kushti has started what he calls “the first independent research group going to bring formal verification to the world of cryptocurrencies.”


Cryptocurrencies suffer from unproven claims, bold statements, low-quality ‘papers’ and naive implementations, though the cost of an error could be very high (USD$ millions).

Consensus Research Group is going to improve overall quality of thinking about cryptocurrencies with:

  • proven open-source reference implementations code made partly at least in Coq programming language/theorem prover (https://en.wikipedia.org/wiki/Coq).
  • executable simulations anyone can play with (to e.g. find best parameters under some assumptions).
  • formal but understandable papers.
  • coins’ developers’ consultations.

The research project began when Kushti started writing a series of personal blog posts about the Nxt forging algorithm. Following up on the ideas contained in the first 2 posts, his friend andruiman published a statistical paper on some of the properties of Nxt forging, thereby causing a heated debate in the Nxt forums. He converted Kushti’s model into Coq, “proving some basic properties as theorems, and introducing multi branched forging (which could be turned into so-called Transparent Forging during implementation and also to open the door to Nothing-at-Stake investigation.”

Paper on attacks related to Multibranch Forging:  https://github.com/ConsensusResearch/articles-papers/blob/master/multistrategy/multistrategy.pdf

1st paper: http://www.scribd.com/doc/248208963/Multibranch-forging
MultiBranch Forging Simulation Tool: https://github.com/ConsensusResearch/MultiBranch
Nxt PoS forging simulation tool: 

Vitalik Buterin (Etherium) has discussed the first paper in this thread on reddit.

On January 14, 2015, Kushti concluded:

Nothing-at-stake attack – not possible at the moment! Will be possible when a lot of forgers will use multiple-branch forging  to increase profits. (…) In such scenario attack is possible only within short-range e.g. with 25 confirmations needed 10% attacker can’t make an attack. And attack is pretty random in nature, it’s impossible to predict whether 2 forks will be within N best forks (from exponentially growing set) for k confirmations. So from our point of view the importance of the attack is pretty overblown.

People are invited to carry out their own experiments using N@S simulation tool.

Kushti first entered the Nxt stage as the lead developer of a Techcrunch Disrupt Hackathon project, Cryptamail, a decentralized email system built on top of Nxt. He joined the Nxt CORE dev team as a tester and subsequently went on to develop several Nxt core features, including the Voting System and 2-Phased Transactions.

Consensus Research Group has issued a crowd funding asset (‘consensus’, asset ID 5841059555983208287) which is sold in lots, the timing of the sales being based on the achievement of certain development milestones. The price of each asset is 1 NXT and should be bought only from the Issuer account. There will be no dividends but there will be opportunities for investors to start research projects by vote. You can view all the results here: https://nxtforum.org/consensus-research/

Hail to the ‘old’ funding committees

To round this off, let’s take a look at some of the projects that the soon to be obsolete Nxt Funding Committees actually funded.

Recurring core developer salaries

The most valuable investment of the community funds: The core of the Nxt platform.



300,000 Nxt to cover 12 months of bounty funds at 25,000 Nxt per month.

NxtWallet / NRS GUI

400,000 NXT. http://nxtra.org/nxt-wallet/ (redirects to nxt.org)


10,000 NXT for the faucet. http://freenxt.org


One of the first community initiatives to get funded. 200K NXT were sent on April 23 to the NXT crowd funding site initiative, but then things got complicated. On October 27 POPPP announced that the site was finally up.

Nxt-Starter.com is fully functional but still in its first version. Payments are made through a coinpayments.net solution – the plan is to integrate p2p funding with NXT and MS-coins directly, making the payment system fully decentralized. If you want to raise a bounty for the NXT Community, you can do it here for no fee. In addition to running crowdfunding campaigns you can get a page for your Nxt Marketplace store, and list projects that have already got funded.

Nxt-Starter is part of the NXTweb asset, which will also contain a freelancer and a microjob website, based on source code from CoinEvolve. But, as they say, that’s another story.

The Nxt B-day giveaway

10 random NXTER.ORG newsletter subscribers have been picked as the winners of 100 NXTP each, as announced in the last NXT Newsletter. The Nxt Community was asked for random numbers, which we checked against our list of email subscribers to find the lucky winners and then asked them for their Nxt account ID to receive their prize. Congratulations to the winners!

6 x 100 NXTP have been sent out. As for the last 4 winners, if they haven’t claimed their prizes before 27.01.2015, new winners will be picked – so now is the time to check your inbox and spam box.

Quote of the week


Work needs to be rewarded

Words of wisdom of the week


NXT will be the fuel currency of the Nxt ecosystem. People will pay NXT to forgers (as they do now) in order to get transactions verified. Forgers will sell NXT to people in exchange for currencies. So, there will be a market that determines the price of NXT.

Also read: The Value of 10 NXTs