Nxt News – August 2017 (I): The Road to Success is the Road Less Traveled, the Shortcuts to Success Lead to Failure

August 2017 (I)


Welcome back fellow Nxters, and to our new readers – welcome! Summer is here and we have a lot of exciting news to catch you up on. As always we provide you with the latest relevant and important news in the Nxt community.

This week we provide details about the imminent IGNIS ICO, warn you of a nefarious scam, and much more. You are in the right place to learn about the blockchain space as we provide basic intro information for new readers as well as up-to-date information for our old readers.








This week’s newsletter is put together by jagthegr (James), apenzl, rubenbc, jose.


  • IGNIS – New Details about the ICO

The IGNIS ICO is less than a week away. Beginning August 5 and lasting over the next month with four distinct batches, the ICO is in its final preparation stages.

The IGNIS token sale and the SEC

The Securities and Exchange Commission (SEC) issued an investigative report concluding that DAO Tokens, a digital asset, were securities. Any sales of digital securities in the US must be subject to US laws as codified by the SEC. The precedent has been set that US securities laws may apply to other offers, sales, and trading of digital assets.

Luckily, IGNIS should be exempt from these laws as the SEC did not say every token is a security. From Riker – Lior Yaffe, Senior Dev at Jelurida IP BV, you read that IGNIS should not be considered a security and thus potential American investors in the ICO need not worry.

From the Nxt forums:

Lurker – How will this effect IGNIS ICO?

Riker – We have legal opinion from two different respectable law firms that the IGNIS token does not represent a security. It is an operational token.

For non-American investors, the SEC rulings are of no concern. Nonetheless, for the blockchain space to truly grow and become global, it will need to have an American involvement and participation.


JLRDA coins will be sold in batches

Doubts have arisen over the distribution of the first round of JLRDA coins (placeholder of the IGNIS coin until Ardor and IGNIS launches), given the possibility that a whale buys the entire amount.

To reduce the risk of a “stampede” in the IGNIS ICO the initial batch of 60M will be phased in 12 equal offers of 5 million JLRDA (Ignis IOU tokens) approximately 12 hours apart from each other to allow for anyone who wants to participate in the ICO to be able to do so.

Riker states:

The issue of a “stampede” on the first 60M batch has been discussed before. It is indeed a likely scenario.

The default transaction sorting order is explain here https://nxtwiki.org/wiki/How_Tx_Processing_Works (section 4)

To reduce the risk of this happening and to allow anyone to participate, we will likely spread the first 60M batch into several different offers, say 12 offers of 5M Ignis published 12 hours apart over the course of the ICO week without announcement of specific block height to prevent taking advantage of phased transactions to skip the queue.

We here at Nxter wish Jelurida and Ignis the best of luck this week.


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  • Meetups – Riker in London, soon in Berlin

Riker attended the Nxt Roundtable Session on Monday July 31 in London, called: Moving on from Bitcoin: How Nxt Designed the Architecture for Blockchain’s Future Adoption

The talk covered the rapidly-changing technology within the blockchain space and Lior was featured in a cross-industry panel afterward. The meetup appears to have been a success, enlightening many eager attendees about the Nxt ecosystem and the future of the blockchain.

Also, last week we confirmed that Riker will speak at length in Berlin, on August 2nd, about the blockchain bloat problem and introduce the Ardor blockchain platform and the IGNIS ICO in the event: BigchainDB & IPDB: Token ICOs. 

His talk will cover the many benefits of the Ardor platform and explain how Ardor alone is solving the blockchain bloat problem and tie it into the incipient IGNIS ICO.

BigchainDB elaborates:

Lior will explain the blockchain bloat problem and introduce the Ardor blockchain platform which provides a unique and elegant solution to this problem. The talk will cover advanced topics in blockchain technology such as proof of stake, forging, child chains, bundling, pegged chains and archival nodes. Finally Lior will explain the Ignis ICO and wrap it all together.


Berlin info

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  • Fake Tokens Warning

Last week we warned you, dear reader, about some scam tokens issued on the Nxt Monetary System and asked you to be aware when you scroll the currency pages of the NXT client.

There are many new people in our community and scammers take advantage of this and the decentralized nature of the platform by purposely making fake assets that mimic the originals.

Remember that a decentralized platform has no regulatory body. This means that there is no policing force out there ensuring the integrity and the safety of investor assets. It is the responsibility of the investor to perform his/her due diligence before making any move!

A user, confused by the situation proposed a model similar to waves and the community has not been slow in responding in kind about possible implementation of a central authority verifying assets.

Riker, on the Nxt forum:

Who will “verify” these assets? If Jelurida will verify every asset issued on NXT, should Jelurida charge a fee for this? Can someone bribe the Jelurida rep to list his asset by paying him behind the table? Can Jelurida extort asset issuer for listing their asset? And if a validated asset turns out to be a scam, can people sue Jelurida? These Waves validated assets is a bad idea.

Currency names are already unique (asset names are not, we fixed that when we introduced currencies).

But still someone switches a J with an R and people fall for it.

Should we post a warning to make sure the letters in the currency name are not switched? What if people ignore it? Should we post it on blinking Red? What if scammer now switch l with 1 and scam people there is no end to this.


I fully agree with @riker and waves check mark is a bad idea.
waves team get all responsibility by marking good assets and bad assets.

The Jelurida team has modified the published ICO text to remind investors not to fall victim to any scam. As awesome as our community is there are, as always, rotten people, who wish to make a quick dollar and will cheat and obfuscate the system in order to exploit others. The best we can do is provide highly visible warnings and as a community issue warnings like below to educate and warn as many people as possible.


It is possible that fake tokens with similar or the same name created by third parties also appear in other areas of the wallet such as the Asset Exchange or the Marketplace. Due to decentralized nature of the blockchain it is not possible to prevent the creation of such tokens and the Company shall not be held responsible for any losses or damages, or inability to receive IGNIS, arising from users purchasing such third party tokens.


All official information regarding the IGNIS ICO will be published on the Jelurida website. If you receive information from other sources always make sure that it is consistent with this page. In the case of discrepancy between the English text and any translation, the English version shall be considered the official and correct one.

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      • NRS Update – Version 1.11.6

Jean-LucNxt and Ardor lead core developer and a member of Jelurida, has released the latest version of the Nxt Reference Software. The changelog includes the new Jelurida Public License.

This release is a mandatory upgrade. A hard fork will be scheduled at the Ardor Genesis Snapshot block, expected to be set some time after the end of the IGNIS token sale. At that time, nodes running 1.11.5 or older will be left on a fork.

Kristina Kalcheva, Jelurida co-founder, managing director and legal expert, states:

v1.11.6 is the first NRS version released under the JPL.

Future Nxt clones must give 10% to NXT holders.

Note that from this version on, the official Nxt packages and source code will also be hosted under the Jelurida bitbucket repository, https://bitbucket.org/Jelurida/nxt/downloads.

Ignis ICO Page + New Improvements

Full changelog

With the IGNIS token sale beginning August 5th, the Ignis ICO page has been added.

Avoid Asset Exchange-, Monetary System-, and Nxt Marketplace scammers by simply using the ICO page.

Buying NXT is accessible across third party exchanges Changelly and Shapeshift with the newly implemented integrations.

Print Paperwallet

Riker explains:

The paperwallet link is available when you log in using your passphrase and check the “Remember Me” checkbox, otherwise the passphrase in not available for the browser so it cannot generate the paper wallet.

Updated Android Client App

Android ap: https://bitbucket.org/Jelurida/nxt/downloads/nxt-client-1.11.6.apk
sha256 9ec52d8870c7d20acf32e51ff50cf24f2036a6eb9e403ecb98322fb030f51f97

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      • Technical Roadmap – From Nxt to Ardor

Jelurida released a nice infographic detailing the genesis of Nxt, Ardor and the future to come.

Timeline from Nxt to Ardor


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      • The Ardor API

The Ardor API, the most important part of the Ardor platform, allows interaction with Ardor nodes using HTTP requests to port 27876. Most HTTP requests can use either the GET or POST methods, but some API calls accept only the POST method for security reasons. Responses are returned as JSON objects.

Most Ardor API are similar to the NXT API described here the changes to existing NXT API are explained in the Ardor migration page Each new Ardor API call is documented below, with definitions given for HTTP request parameters and JSON response fields, followed by an example:

      • The JSON response fields are each followed by one of S for string, A for array, O for object, N for number or B for boolean.
      • In the examples, the Nxt node is represented as localhost and requests and responses are formatted for easy reading; line breaks and spaces are not actually used except in some parameter values. All requests are in URL format which implies the HTTP GET method. When GET is allowed, the URL can be entered into a browser URL field but proper URL encoding is usually required (e.g., spaces in a parameter value must be replaced by + or %20). Otherwise, the URL should be used as a guide to preparing an HTTP POST request using cURL, for example.

All API calls can be viewed and tested at http://localhost:27876/test while the local server node is running. For specific API calls, use http://localhost:27876/test?requestType=specificRequestType.

This document corresponds to Ardor version 2.0.3e.




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      • Weekly Reminder: No Handholding – Buyer Beware!

Let’s break it down once again.

marenkar – People entering into cryptocurrency should understand that with independence comes responsibility.

Everyone forgets things, we are only human and our brains are only so big. This week’s helpful reminder is of the non exclusivity of asset names. Scammers are out there and shady people want to defraud you – so verify the identity of the asset issuing accounts you are transacting with and always verify the asset ID before investing your hard earned money on the AE.


if someone issued a promising asset they did probably NOT also isssue an MS coin or a Marketplace goodie with the same name.

From the Nxt forums

riker – Historically there were 3 types of entities used to scam people: Assets, Currencies and Marketplace goods.

Whenever someone creates an attractive entity of one of the types, scammers try to use the other types to scam people or trick them into using a different but similar entity of the same type.

In the past there was sort of protocol that asset issuer followed of issuing asset announcement on the NXT forum and there was even a team of trusted advisers that checked asset issuer and filtered out scammers. This group wasn’t associated with the devs or the foundation though and since this wasn’t a profitable business it was abandoned.

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  • Janus Update

July Dividend

Our friends at Janus, a Nxt based token, announced that there will only be a dividend distribution upcoming if there is a monthly profit at each of their two profit-sharing casinos. Their financial analysis is now done and here’s their announcement to the community:

ascendus [5:15 PM]:

*FYI* : We have made a small profit on BetterBets.io casino. Profit share will be distributed as soon as bjorn returns from a short trip.

Janus’ dividend history

Janus’ move to the Ardor platform

As announced, the Janus project will make use of Ardor’s upon launch of the Ardor mainnet.

Therefore, Janus, JanusXT, and ComJNSXT trading will be frozen on the Nxt Asset Exchange at the Ardor Genesis Snapshot block. Trading and transferring of the assets on the Nxt blockchain will be disabled, and existing ask/bid orders canceled automatically at that time. From the snapshot until Ardor launch, there will be no way to trade them.

The list of assets to be frozen on the Nxt Blockchain is hardcoded into NRS 1.11.6 and includes:

Janus: 4348103880042995903
JanusXT: 14572747084550678873
ComJNSXT: 13363533560620557665

In addition to becoming tradable on IGNIS, Janus tokens will also be tradable on any other child chain.

Janus Roadmap




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  • Adel – Update

Last week was eventful for the Adel community. They announced revisions and updates to their portal and landing page and continue to work with Jelurida in order to be able to upgrade in the near future.

In their own words:

We covered a lot on our mastermind call this week. Here’s a summary:

*Community Portal Update*

We are continuing to improve the Account module with real-time ADL statistics. We will also allow 3 Nxt addresses per account – each address needs to be confirmed and validated.
Collaboration module is in process. We are working with off-the-shelf Wiki software and slack-based forum interface. As an interim solution, we will be using google docs to incubate ideas.
We presented our business process flow that will be used in the collaboration module, as it relates to community, admins and Project Review Committee involvement.

*Home Page Development*

The home page is currently being redesigned with upgraded graphics. We are streamlining the site for future growth and showcasing our community projects.
The back-end is also being upgraded from AngularJS to Angular2, and we will also have an integrated CRM.

*Content Creation*

There are two new video presentations on their way – The first is our presentation at the Bitcoin & Blockchain Conference in Prague in May 2017, with over 700 in attendance. Then we will release part two of our Dutch Banking Presentation held in June 2017.
A video Interview will be scheduled with Brian Donegan from the IoM government to discuss Adel and the potential for project incubation in blockchain. Members have been asked to contribute questions this week.

*Marketing Press & Events*

We are working with Jelurida on our upgrade plans to Ardor in Q1 2018.

Adel has secured a speaker slot at the Bitcoin & Blockchain Conference in Stockholm, Sweden on September 7th, and Adel will also be exhibiting at the Web Summit from Nov 6-9 in Lisbon, Portugal.

Speaker opportunities – please let us know if we can speak at any blockchain events.
Our goal is to attract 300 members by June 2018. How do we attract new members? Help us spread the word about Adel’s incubator. The more members we have, the more expertise will be available to contribute to the idea incubation (I2) and project planning (P2) initiatives.

More info



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  • Bitswift – Update and Pitch

Bitswift, the newest member of the Nxt/Ardor ecosystem was approved as an official HP Canada Parter last week! They continue to develop their store and platform as they look ahead to providing their services across Canada.

In their own words

Bitswift Tech Solutions is now an approved HP Canada Partner:
Your HP Canada Partner Agreement Application was approved on 07/27/2017.

Are you still wondering what Bitswift actually is?

User bitswiftbro explains Bitswift and what value they want to provide their clients:

Bitswift is a token with focus set on integrating blockchain into business and into general public.

We will accomplish this through our companies and community.

Our store will bring value in itself to the tokens, but the real value from the store will come from the fact that we will be able to show all the other businesses we work with that “its ok to accept this stuff, and we are here to help if you need”.

Store will initially launch accepting legacy payment options and Bitcoin, once we have all the logistics sorted, we will add Bitswift to it, both as a payment option and a rewards option. 2% discount on everything through the store when paying with Bitswift sounds nice. We have not quite formalized those details yet though, still busy with everything else like getting more partners and distributors on board.

The real value will come from the business relationships we are forming along the way. If our reps are establishing client relationships and building trust, while supporting companies tech infrastructure and making the tech decisions on behalf of the client, it will be easy to recommend to our clients to give Bitswift a try. First we need to get our software to where it needs to be, so that is part of the reason of moving in with Ardor, so we can start building on solid foundations and bring this stuff to the public and start integrating it into business.

– Our target user base will be the general public, not the crypto-currency / blockchain nerds. We will approach them through our companies at a business level, as they are already approaching us with the Bitcoin and blockchain questions.

– Part of the reason to move within Ardor, so we can focus on our application which will add utility and value to our tokens, rather than on the blockchain infrastructure.

Bitswift’s token swap will still occur on Friday, August 11. Exciting times lie ahead for Bitswift and we are happy to continue updating you about them and other Nxt/Ardor based blockchain companies.

Token swap happens on Bittrex @ : Los Angeles (USA – California) Friday, August 11, 2017 at 6:00:00 pm PDT UTC-7 hours
Peterborough (Canada – Ontario) Friday, August 11, 2017 at 9:00:00 pm EDT UTC-4 hours
Corresponding UTC (GMT) Saturday, August 12, 2017 at 01:00:00


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      • Ethereumworldnews – Top 5 Cryptocurrencies To Invest For The Moment

On the Ethereum portal, an article was released that documented the hottest cryptocurrencies. Ardor made the list.

The more press Ardor gets the better everyone will be because Jelurida will have more capital to reinvest back into the platoform. The IGNIS ICO is August 5.


Dubbed as NXT 2.0 – Ardor is a scalable blockchain platform that natively supports a wide range of features including transaction aliasing, blockchain storage, account management, privacy based coin mixing, voting and built in marketplace creation. However the stand out feature that makes Ardor a truly innovative project is its implementation of child chains.

The introduction of child chains opens up great levels of customisation and enables each child chain (which could be a company, private/ public organisation, institution, group etc) to run its own self contained blockchain ecosystem whilst still benefitting from all the core features of Ardor itself. These features can also be turned on and off as per the requirements of that given project making it a very attractive platform for a wide range of use cases.

This flexibility will truly be a game changer in the crypto space as businesses looking at blockchain solutions will no longer have to choose a one size fits all approach on a shared blockchain but instead are given creative freedom to build child chains that suit their very specific needs and security requirements.

The project has the crypto community very excited and already has a healthy market which is pegged to explode in Q3 2017 when the Ardor mainnet launches.


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      • Neocash Radio – NXT, ARDOR, IGNIS ICO Explained, by Lior Yaffe Himself!

Neocash radio conducted an interview with Riker as he continues to tour the Continent ahead of the upcoming ICO. Highlights from the interview are below.

Built on the same technology as NXT, ARDOR will operate in a fundamentally different manner. ARDOR will create and maintain a standard full-length blockchain but the functions and features will be limited to security and record keeping. Built on top of ARDOR will be child-chains that maintain pruned blockchains consisting of only the last 24 hours worth of blocks or less. These child-chains will reconcile their transaction balances periodically with the ARDOR parent-chain through bundle contracts. Once a log of the transaction data has been secured on ARDOR the child-chains can then prune older blocks.

It is important to note that the child-chains only store transaction data on the ARDOR parent-chain. All features and functions that do not impact account balances are handled on the child-chain exclusively and can be pruned as needed. Basically ARDOR will keep track of which coins or assets are in which address at this point in time but little more.

The child-chain offers a bundle contract to prospective Bundlers when it is time to add a snapshot to the ARDOR parent-chain. The first child-chain is set to be IGNIS, so in this scenario the manager or operator of IGNIS would offer a Bundler 100 IGNIS tokens to add transaction data to the parent-chain. The Bundler would then pay a fee in ARDOR to have that transaction data added into an ARDOR block. In effect you have a flow of IGNIS tokens out of the child-chain and the consumption of ARDOR tokens for security. The Bundler can then keep the IGNIS or trade it for more ARDOR on the exchanges built into the protocol.

Jelurida is the name of the company that was formed to develop the ARDOR protocol. As part of the launch of ARDOR the initial (ARDR) tokens were distributed on the NXT platform at a ratio of 1 NXT : 1 ARDR. Those tokens will be migrated to the ARDOR platform at the launch later this year. The process will require a hardfork on the NXT blockchain during which ARDR tokens will be locked in their addresses and cannot be moved. Once the process is complete users will be able to log into the ARDOR platform with their NXT credentials and access their tokens.

Listen to the interview

To help fund the further development of the ARDOR platform and child-chains like IGNIS the Jelurida team is holding an Initial Coin Offering where 440,000,000 IGNIS tokens will be sold to the public. The ICO will start on August 5th, 2017 and occur on the NXT platform using the built-in asset exchange functions.

Once the sale has elapsed or completed any remaining unsold IGNIS combined with 500 million more will be distributed to those addresses holding NXT at a rate of about 0.5 IGNIS per NXT.

So even if a NXT holder did not participate in the ICO they would still receive IGNIS.


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      • Steemit – IGNIS ICO: What are your options?

From Steemit comes a detailed explainer on the options for the IGNIS ICO, including the schedules and batch amounts.



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      • TradingView – NXT Entry Levels

NXT like other coins moves in a range. We can draw a horizontal channel between a resistance and a support levels. Short terms trades can be opened when price bounces from the bottom border of the price channel . Stop orders for such trades must be placed below the support level . Profit target should be the top border. If price breaks the resistance level , we'll have a new buy signal with profit target at 0.125000 resistance level .
NXT like other coins moves in a range. We can draw a horizontal channel between a resistance and a support levels. Short terms trades can be opened when price bounces from the bottom border of the price channel . Stop orders for such trades must be placed below the support level . Profit target should be the top border. If price breaks the resistance level , we’ll have a new buy signal with profit target at 0.125000 resistance level .


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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 rate at Poloniex over the past week

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That wraps up the news for the week. Upcoming we will analyze the IGNIS ICO. Stay tuned for next week as we continue to provide you with all the relevant and exciting news for Nxt, Ardor, and all things involving the accelerating growth of the blockchain space. We love our community, we would be nothing without you guys/gals!

Follow us on Twitter for important breaking updates during the week as they happen. Stay committed and stay informed fellow Nxters! Big things are happening and we are looking into providing more original content for you to consume. See you next week!

Nxt News – July 2017 (II): You Cannot Dream Your Path to Success, You Must Forge It

July 2017 (II)


Welcome again, fellow Nxters! Summer is in full swing and we are still working hard to provide you with the relevant news of last week in this concise format.

As always, whatever your interest and whoever you are, you are in the right place for your comprehensive analysis of all things Nxt and Ardor. Last week was action packed, with many interesting and exciting opportunities presenting themselves.








This week’s newsletter is put together by jagd, apenzl, rubenbc and Jose, with final edits by Travin Keith.



We asked and you delivered Nxters! The IGNIS logo competition has 29 great designs submitted. Many people have already expressed their opinion and now we have set up a poll on Nxt’s blockchain in order to let the community show their preferences for the logo. We are grateful to the community for their support in participating in this competition. However, we should keep in mind that Jelurida and the Nxt Foundation have the final say. The top 3 logos will be selected in less than 48 hours.

Poll title is “IGNIS LOGO

The poll ID is 1977236085310946157
Sender account is NXT-ZZW7-U2KL-AV2U-8P8FE

In this post you can find a compilation with the 29 options.

The poll will be active until block 1391320 (12th of July, just 48 hours to cast your vote!!!)

You can choose up to 3 options out of the 29 available but you must hold at least 1000 NXT in your Nxt account in order to cast your vote.

The creator of the winning design will be awarded 5000NXT and a free 1 year Nxt Foundation Supporter+ status.

More information

Source: https://nxtforum.org/general-discussion/ignis-logo-lets-create-one-together!/msg233741/#msg233741

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  • IGNIS ICO will be held on Nxt Blockchain

Along with a shiny new logo, IGNIS will have its ICO in the near future. 

Nxt and Ardor core developer Riker explains some of the technical details:

When Ardor mainnet is launched:
[The] ARDR parent chain tokens will be distributed based on the NXT ARDR asset id 12422608354438203866 balances [on the Nxt Blockchain].  

IGNIS child chain tokens will be distributed as follows:

  • 500 Million based on the JLRDA currency balances sold during the ICOThis will include small amounts of IGNIS already promised through promotions
  • slightly less than 500 Million IGNIS will be distributed based on the existing NXT balances at 2:1 ratio.

The JLRDA currency, most likely, won’t be supported by exchanges, so you’ll have to use the NXT wallet to purchase it and use the same passphrase in the Ardor wallet to receive your IGNIS.

After the mainnet launch, there will be a NXT hard fork which will lock the [Nxt] ARDR asset balances for trading [on the Nxt Blockchain] to prevent scams.

Exchanges will have to somehow replicate this distribution process which won’t be simple.

  • Exchanges which assign NXT account per user can simply connect to Ardor using the same passphrase and observe the distribution balances.
  • Exchanges which keep all balances in a pool will have to follow the distribution process.

We will be using NXT for the IGNIS ICO because we are proud of NXT and we trust NXT more than we trust Bitcoin or ETH and because it is natural for a token based on the NXT technology to use the NXT technology for its ICO. There are also good technical reasons for this which will be explained soon.

Source and more information

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  • #OpEasterEgg

Oh my, look at all the FREE STUFF we have just lying around. Last week, 5 digital copies of the Nxt book, SNAPSHOT, which is finally going to be listed for sale on the Nxt Marketplace from July 15th onwards, were given away in the Nxt blockchain Easter egg hunt.

Nxters pasted the number above into a Nxt Blockchain Explorer and it finally made sense. Others followed the clue from our last newsletter; made a search for ‘OpEasterEgg’ in the Nxt Marketplace, and found 5 new items for sale for 1 NXT. The name of the item was ‘Redeem Code’, the ‘tag’ it was listed under was ‘OpEasterEgg’. And the item, the Redeem Code, was, in fact, a riddle.

48 hours.


Success of Nxt is supposed to be achieved by [ … ] 



To participants who did NOT manage to find the passphrase in time:

Read BCNext’s Nxt on Nxter.org
or see https://bitcointalk.org/index.php?topic=345619.msg4383169#msg4383169

The missing words, and thus the passphrase, were: work of a LOT of PEOPLE.

We’re glad to see more and more followers of our Twitter account, glad for the blockchain messages, glad to see participants reach out and give each other a helping hand by sharing additional clues, and glad to showcase some of Nxt’s many features in a fun way and give away free stuff at the same time.

To join the Nxt Blockchain Easter egg hunt, just follow the news and make sure to follow #OpEasterEggs.

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  • NxtWiki – New Page regarding NXT Transaction Fees

There is no such thing as a free lunch but yes, Nxt Blockchain transactions have a fee associated with them, a fee that is sent to forgers of the Nxt blocks. To clarify oft-asked questions, we are pleased to announce a new page on the NxtWiki that is dedicated to Nxt Transaction Fees. All pertinent questions are answered within.


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  • If you do not forge, Nxt dies… – Megalodon Stops the Campaign

No, this isn’t Halo Forge, this is about the cessation of the Forging Bounty established by Megalodon a year ago.

The security and future of Nxt, it’s community, and your investment in it, is at stake here. Please do not just sit on your stake; productively use it for forging!

Lurker10 explains:

If you do not forge, Nxt dies…and your investment also dies.

When the total forging stake gets too low, security of the network is decreased, it becomes vulnerable to 51% attacks.

The total forging stake has dropped to 270 million of the total supply of NXT coins. This is an all time low. Please start forging to protect your investment.


It is precisely for this reason that I initiated the Forging Bounty back in June 28, 2016.

After running it for over a year and distributing almost 2 million NXT, the result has been disappointing. Instead of seeing an increase, we get a decrease in total forging power. Obviously, this incentive does not work. Hence, I’m cancelling this bounty program.

However, the Lucky Node program run by Lurker10 will continue to be funded until further notice.

A great use of a Raspberry Pi is to host a dedicated Nxt forging node! If you have a Pi sitting around, whimpering about how it is not being used to generate you any money, then we have the solution for you!

Here are the instructions on how to setup the Pi to be a dedicated node.

Also, a great way to support the Nxter Newsletters and NXTER.ORG is to use our forging node.

Arthur explains:

By leasing your NXT balance to us @ alias nxthub1 (acct NXT-NYJW-6M4F-6LG2-76FR5), you support the Nxt network PLUS our work.  

It will cost you just 1 NXT.

Click on your balance in the Nxt Client

> Click Account Leasing

> Click Lease your balance to another account

> Enter account NXT-NYJW-6M4F-6LG2-76FR5 or alias ‘Nxthub1’. Choose max period (default).


Nxter Magazine / NXTER.ORG’s forging node is nrs.nxter.org.

Please consider doing so. OR forge with your own account or node. Thanks.

The foundation of the Nxt Blockchain is forging. It is what makes our currency valuable and it is what makes our network strong.


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  • ARDOR Startpage in Heatnodes.org

Another website displays ARDOR and details how to get started using the platform that you are growing to love on testnet.


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  • Janus – Summary 

The news of the week would not be complete without an update on Janus. The token created on Nxt continues to update the news of the launch of their social fintech site, TradeMimic.com, and the transactional history of the Janus token on various asset exchanges.

From Bjorn, the marketing director:

bjorn_bb [7:38 PM]

we are discussing potential launch commercials for trademimic.com while development wraps up betterbets.io and etcbets changes and upgrades

Alphonso has a contact in commercial production we may use 

Ideally i’m looking to create something to attract both white collar and blue collar users, so sit tight everyone

I want to surpass all expectations for this business many things are working for us due to having elements from both forex and blockchain

More information: #janusproject (Join Nxtchat on Slack) | Twitter

History and news: https://www.nxter.org/ae-janus-4348103880042995903


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  • Adel – Video Presentation

Adel, another token on the Nxt blockchain, has a created a new video presentation.

In their words:

One of the cornerstones of our community is to produce quality content. Co-founder, Gabriel Dusil, delivered a presentation to a group of Dutch bankers, which has been produced into two 20 minute videos.


In the last five minutes, Gabriel shares his previous experiences, selling technology to decision makers who innovate themselves out of a job. Gabriel summarized by saying: “Blockchain will be seen as a threat to a departmental empire, or an opportunity to expand one.”

This presentation is an excellent one to share with your network as it offers the technical basics of blockchain while also providing a long term view of the obstacles and opportunities facing the industry.

We will be posting this video to our social channels today, please be sure to share, retweet and upvote. Your social support does make a difference.

How to Acquire ADL

You can use https://coinmarketcap.com/calculator/ to calculate how much fiat, BTC, ETH, or other altcoins are needed to acquire your ADL.

You can currently purchase ADL on 3 different exchanges:

1 – NXT Asset Exchange (Asset ID: 17477397104276156702)

2 – https://Stocks.Exchange  (trade BTC or NXT)

3 – https://CryptoDAO.com (trade BTC, LTC, ETH or DASH)

Review their Vimeo channel for videos on how to use the exchanges http://www.vimeo.com/AdelEcosystem

Remember:  Bounty programs are also available to earn ADL. If you have a skill in writing, creating video blogs, doing promotions, performing digital marketing, or even if you know someone who can help their community grow, then reply to adel@adelphoi.io for more details on their bounty program, or check out their frequently asked questions: https://adelphoi.io/#faq



More information: www.adelphoi.io

Twitter LinkedIn Facebook Reddit

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  • [CORE] Bug bounty 3 – Track loading progress before lock screen is displayed

Riker has offered two rewards in the form of NXT to the person who manages to solve these challenges.

Currently when connecting to a remote node for the first time, it’s not uncommon to see a Blue screen displayed for 10-20 seconds while the client fetches the necessary resources.

The purpose of the task is to display a moving progress bar when loading the client until the lock screen is displayed.

There is no simple solution for this because of the way the client resources are loaded synchronously using the nrs.sitebuild.js script.

This synchronous loading is necessary in order to initialize the handle bars components and the localization resources.

The solution can utilize any wide spread web development technique, but not rely on any plugin, and has to work both in browser and in the mobile browser and not break the desktop wallet (which is less affected by this problem).

We would like to offer a 20K NXT bounty for this task.


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  • [CORE] Bug bounty 4 – “Time to next block” counter

The purpose of this task is to implement an expected next block counter.
Currently we have the generators page which displays the expected next forger and expected forging time.

You will need to implement a next block count down label based on this data in the left pane next to the block height.

Clicking this widget will open the existing generators page.

The code has to be clean and the widget has to look elegant and integrate well with the existing UI layout.

We would like to offer a 5K NXT bounty for this task.


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  • World Economic Forum – Realizing the Potential of Blockchain

The World Economic Forum, the international organization for cooperation between private and public entities,  released a White Paper on the importance of distributed ledger technologies and the importance of blockchain technologies, like Nxt, for the next major evolution/revolution to the business world in the internet age.

The paper cites the importance of blockchain technologies as a new global resource and lists Ardor as one of the Top 10 digital assets of 2017.



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  • Doctor Crypto – Ardor, NXT, and Burst information is found here

Crypto-analyst and YouTuber Doctor Crypto recently released a video extolling the virtues of Nxt and the Ardor Platform. Here is his review.

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  • Steemit – NXT price performance

Steemit writers have offered some nice commentary on the performance of NXT week after week.

In their words:

maximdraws : Hey fellow Steemers, I hope today has been a happy one for yourself. I woke up a little later than usual since I was writing some articles late last night and am finally done with university I gave myself the extra sleep. The crypto markets are playing nicely today, I’m especially enjoying XVG’s performance.
NXT open and close line graph.png
6h: NXT open and close line graph.png
NXT open close on 12hr.png
NXT open close on 12hr.png


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  • TradingView – NXT, ready for next push

Looks like we turned as aspected, Hopefully now it will gain in strenght and push up to target.
Looks like we turned as expected, Hopefully now it will gain in strenght and push up to target.


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  • TradingView –  LONG powerful Resistance area for ARDR


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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:

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That wraps up the news for the week. Stay tuned for next week as we continue to provide you with all the relevant and exciting news for Nxt, Ardor, and all things involving the accelerating growth of the blockchain space. We love our community, we would be nothing without you guys/gals!

Follow us on Twitter for important breaking updates during the week as they happen. Stay committed and stay informed fellow Nxters! See you next week.

Nxt News – June 2017 (IV): They Didn’t Know It Was Impossible So They Did It

June 2017 (IV)


Welcome again, fellow Nxters!

Whatever your interest and whoever you are, you are in the right place for your comprehensive analysis of all things Nxt. Last week was eventful, with many interesting and exciting opportunities presenting themselves:







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


We need your assistance Nxters! One of the best aspects of the Nxt community is our amazingly dedicated members. Wonderful members have been working on the creation of a suitable logo for IGNIS, the first child chain to be issued on the Ardor Platform. Our unstoppable Ardor forging platform needs a suitably awesome and iconic logo for the first child chain.

With that in mind, we have a new incentive, a bounty if you will. Excerpts of the framework are as follows:


A couple of notes (…) after speaking with some others:

1) We would need the logo icon to be able to work when squared, as in being put in a frame with four equal sides. Sorry for not stating this earlier.

2) The word “IGNIS” is not required to be part of the logo, but it can be there.


The designer of the selected entry will receive for their efforts 3000 NXT, which is about 500 USD with current exchange rates.

Source: https://nxtforum.org/general-discussion/ignis-logo-lets-create-one-together!/

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  • The Nxt Giveaways Continue

Easier hunt this week, 30 redeemable beer assets hanging on the blockchain to celebrate life, summer and the raising awareness of Nxt and Ardor, released for you at block height 1364704.

Not planning a visit to Copenhagen? You can transfer the asset to a friend instead.


First NxtBeer claimed, redeemed for an ecological pilsner from Ørbæk Brewery.

A new Easter egg hunt starts this week, and of course, takes place on the Nxt blockchain. Actually, can any other blockchain offer its users the ability to set up a treasure hunt via its Client GUI? To get access to the Eastereggs Nxt account and to learn about the hunts, read backIs there a nicer way to learn about Nxt and Ardor child chains?

Nxters, please help spread the word, plus follow https://twitter.com/OPeasterEggs.

Now get to work, Travin! 🙂

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  • NXT and Ardor Available in Payza Exchange

The Payza Exchange continues to grow the list of altcoins accepted as deposit options on the exchange, and this includes Nxt and Ardor. Cryptocurrencies continue to grow and gain mainstream acceptance. This is significant for us because it means that it will be very easy for Payza and other exchanges to add any asset of Monetary System that is issued on the Nxt or Ardor blockchain.

Members in most countries can now sell Ethereum, Ripple, Litecoin, Dash, Monero, Zcash and dozens of other cryptocurrencies to Payza.

Recently, Payza announced full Bitcoin support. Now, Payza has added altcoins as a deposit option, letting verified members sell the most popular Bitcoin alternatives. Over 50 different altcoins can now be exchanged with Payza, the full list can be found by accessing the altcoin deposit option within your Payza Account.”

“In the future, Payza members will also be able to buy altcoins, similar to how they can currently buy Bitcoin from Payza.

Source: https://blog.payza.com/payza-updates/announcements/exchange-ethereum-ripple-litecoin-more-sell-altcoins-payza/

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  • Janus – Summary & TradeMimic

Bjorn, the marketing director of Janus, has announced that he will now put forth 100% of his energy into Janus’ business work and to kick off TradeMimic.com.

Hello everyone, recently our team had a meeting (which we do almost weekly). This one however, focused on the priority of work and business direction.

The past 5-6 weeks I’ve been working on a side project for both the Janus and Ethereum classic community. I believe that it’s very helpful for our future growth and opens many doors and new opportunities for JNS investment.

The one drawback in our timeline is there is simply too much work with regards to upcoming business for me to finish, package, launch, and market the project I’ve been consumed with the past weeks. We identified the overwhelming need to focus much harder on our business work instead.
So from this point, the work I’ve been doing which expanded our blockchain presence, will be put on hold until 4 things that take priority over it are completed. This will actually benefit the side project and overall health of potential success in business and meeting timelines in a much better fashion.

So at this point we have basically

1. Wrap up etcbets.com little issues.
2. Upgrade BetterBets to new framework and games.
3. Finish content scraper site while testing potentially 1-2 new developers. (This is a side business that may or may not feed back to Janus tokens depending on their success rate)
4. Focus entirely on the creation, marketing, and launch of trademimic.com

Work and Janus team focus will be in that order, holding company creation should fall somewhere between action items #3-#4

Thank you for understanding, in my ambition sometimes I can become nearsighted to business need. And it was my team who reminded me of value focus before anything else. So big thank you to @ascendus @lobos and @almo3ree23

That, Nxters, in my humble opinion, is will, insight and showing respect towards one’s ecosystem at its highest.

Dividend incoming

In case you hold JNS on exchanges, remember to have your Janus tokens in your Nxt wallet or on Stock.exchange by July 1st to receive Janus profit sharing.

Sporting Janus 


More information: #janusproject (Join Nxtchat on Slack) | Twitter

History and news: https://www.nxter.org/ae-janus-4348103880042995903

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  • Claim your Adelphoi Tokens!

Adel, the forward moving blockchain incubator recently ICO’ed their Adelphoi (ADL) token and raised more than a million Euro. The Nxt based ADL token gives voting rights to individuals (members) that hold more than 2BTC equivalent (1BTC for initial investors).

ADL is trading on the free and decentralized global Asset Exhange as well as on Stocks.exchange, and the Adel team and community is currently working on getting ADL listed on more exchanges. The distribution to initial investors is ongoing.

Claim now


Over 200 Stakeholders still need to get their ADL coins. Reminders have been sent to confirm + validate your account if you haven’t done so already. Here is the guide, in case you missed it: http://dusil.com/2017/06/11/adel-community-nxt-address-token-generation/

Members only livecalls

We have over 25 project submission ideas and voting members are now being offered monthly live calls (to dial-in by audio or video) to give you updates on Adel, and hosted by top minds in business, blockchain and crypto. The goal is to establish a process for new idea submissions and to educate you on best practices for business planning, promotion and incubation.

Our first members only meeting is scheduled for July 3, 2017 at 20:00 CEST (UTC +2).

More information: www.adelphoi.io

Twitter LinkedIn Facebook Reddit

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  • NXT Asset Silvercoin – ICO Begins

Silvercoin’s ICO went live on June 21 and runs until July 19. No bonus for early birds to miss as the price of Silvercoins (SVC) is fixed at a 0.00003 BTC equivalent per coin during the crowdsale. Purchases can be made with NXT, BTC, credit cards, bank transfers etc.  

Silvercoin’s creators proclaim in their whitepaper that the asset will “Solve the main problem facing independent website owners while solving the main problem facing the planet at the same time.”

Don’t take our word for it, here is an excerpt:

Those problems are named as Lack Of Website Monetization and Centralized Information.  

The solution is SilverCoin, the universal web monetization and community engagement platform that rewards you for sharing information and enabling others to do the same.  

It’s based on the Proof-of-Change (POC) protocol, where the more information you share and the more people you reach… the more you earn, and the more you change the world. With the result being an exponentially growing global peer-to-peer decentralized web information network.        

This Proof-of-Change crypto-affiliate protocol is incentivized by a blockchain-secured deflationary  rewards structure, which offers a truly equal opportunity to all people.

Another blockquote explains how the team will utilize Nxt/Ardor:

SilverCoin will initially be built using a modular integrative design that utilizes the best technologies currently available.

The three major technologies to be integrated into SilverCoin’s POC protocol (NXT, PAP, SMS) are all real world tested, arguably the best in their field and all are built around API’s and Plugins and are specifically designed for integration.

NXT was selected as the core blockchain tech for SilverCoin because in addition to the secure blockchain it provides many others features required by SilverCoin, including a decentralized asset exchange, marketplace, voting and cloud storage.

By using NXT/Ardor, our blockchain is maintained, secured and upgraded by some of the most-qualified blockchain devs on the planet, the NXT team.

Post Affiliate Pro (PAP) is the top affiliate tracking software available today. It contains multiple levels of tracking such as Browser cookies, HTML5 cookies, Flash cookies and IP address tracking. It provides lifetime and multi-level commissions, as well as multilingual support, banner ads, a secure dashboard, encrypted commission tracking and detailed reporting. It’s also a one-time cost for a lifetime license with continual updates and it comes with full dev. support, pay as you go and is designed for platform integration.

SMS verification provides an effective and low cost method to authenticate users at signup by having them verify that they are a real person, which is an essential internet-independent component in negating sign-up fraud. 

But what gives Silvercoin its value, one could ask? At first glance, it appears as if their method is building a viral marketing network around their asset and having a paid “SilverPlan”.

From the whitepaper:

[A] major aspect of SilverPlan is the Marketplace where you will be able to exchange your silvercoins for products and services. The 2 products planned to roll out first will be silver bullion coins and affordable website design packages.

SilverPlan will also include advanced video series on marketing, trading and wellness. In addition, it will act as a bridge connecting the Internet to Maidsafe’s Safenet. SilverPlan will require it’s own whitepaper before development begins.

So, it seems they want SVC to become a coin with real value inside the ecosystem they build. Maybe the way to obtain changes in this world really is by giving people the tools, as humans, no matter who they are, to become damn cool marketers and work together as a decentralized force in a fight for spreading truthful non-governmental approved information throughout the world. Incentivized by SVC coin bounties, and a building urge to learn more, do more, grow, help others grow, become the breathing outreaching starfish to be named: Proof. Of. Change.

The setup seems unorthodox, to say the least. Unfortunately, we have not yet had a chance to interview the creators behind the project and coin offering. Anticipate us doing so very soon!

SVC can be bought on the Nxt Asset Exchange with NXT and from c-cex.com with BTC, at your own risk.

Source and more information:




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  • Smart Phasing with Ardor

Nxt “Phasing” is the ability to split a Nxt transaction up into 2 phases (broadcasting it > executing it) and to set multiple conditions (up to 10) before the transaction is executed.

Riker announces that Phasing will be even smarter on Ardor:

To support more advanced phasing logic, we now added to Ardor the ability to create “Composite” voting models.

A composite model defines the voting models building blocks and the logic to bind them into an “Approve” or “Reject” decision.

The composite model supports the AND (&), OR (|) and NOT (!) logical operators and defines an expression which applies these operators on a combination of simple voting models.

Using a NOT operator, allows you to setup a “dead man switch” so that funds are transferred to another account only in case an account did not approve this transaction until a certain height i.e. the account owner is assumed dead.

Using a NOT and AND operators, you can define that a transaction is approved at certain height only if none of the accounts in the whitelist has voted against it.

You can also define more complex conditions like approve a transaction only in case an account from a whitelist (i.e. a regulator, manager, judge etc) has approved it OR an account holding a certain number of tokens approved it i.e a user a stake holder etc.

The feature is not yet on testnet. Credits goes to petko for developing the server side logic.

Source: https://nxtforum.org/general-discussion/introduction-to-smart-phasing/msg233226/?topicseen#msg233226



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  • Weekly Reminder

This new section is dedicated to the technical side of our platform.

We are often asked questions about Nxt, Ardor, IGNIS, and blockchains that have been previously answered. So, just in case you have forgotten, or in case you are brand new to this scene and want to easily and efficiently learn to become a Nxter – a very sacred community – we present to you the inaugural section of the Weekly Reminder. 

About BTC and fiat on the Ardor Platform

From Riker, a platform core dev for both Nxt and Ardor:

We are working on an Ardor child chain pegged to BTC where the peg is ensured by a 3rd party business such as crypto exchange. You’ll be able to convert “real” BTC to child chain BTC at 1:1 ratio and then exchange these BTC using the on blockchain coin exchange to Ardor or Ignis or you’ll be able to trade existing assets directly against these child chain BTC so that asset price is denominated in BTC.

Similarly we are planning an EUR pegged chain and perhaps also a USD one.


Last week’s newsletter had vital information about our genesis and ICO. Like tokens on our platform, news travel very fast and it is easy to forget what the important basics that make up the foundation of our platform and our success are.

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  • TradingView – NXT Cup and Handle Pattern (Possibly Down)

Jun 18 when i was re create my chart of nxt change it to per day. i found that NXT it's look like a handle and cup pattern. so i try to figure it out what price it should be the benchmark. from my perspective i would take 0.0000585 and 0.00004322 Feel free to comment ! Note : STR 1.17% Give away will be held at 27 june this month. it will surely effect to the market. Jun 19 Comment: Resistance at 7k Jun 19 Trade active: Resistance broke. Trading active Fasten your sit belt see you on the moon ! TP at 0.000011xx
Jun 18 when i was re create my chart of nxt change it to per day. i found that NXT it’s look like a handle and cup pattern. so i try to figure it out what price it should be the benchmark. from my perspective i would take 0.0000585 and 0.00004322 Feel free to comment ! Note : STR 1.17% Give away will be held at 27 june this month. it will surely effect to the market. Jun 19 Comment: Resistance at 7k Jun 19 Trade active: Resistance broke. Trading active Fasten your sit belt see you on the moon ! TP at 0.000011xx

Source: https://www.tradingview.com/chart/NXTBTC/wz2XX9eE-NXT-Cup-and-Handle-pattern-possibly-down/

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  • TradingView – NXTBTC Buy Set Up

Source: https://www.tradingview.com/chart/NXTBTC/ebMddT2R-NXTBTC-Buy-Set-Up/

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  • Trading View – ARD we Missed the Plane but

Jun 19 ARD we Missed the Plane but We Have 2 Trades Short Trade Buy Limit @ 0.00009339 Target=0.00011344 Gain 20 % Sec Buy Long Buy limit @0.00007732 Target = 0.00015257 Gain 100 % We recommend Capital Management We ask Allaah to reconcile and repay Jun 20 Trade active: We ask Allaah to reconcile and repay Jun 20 Comment: Move Short Target to 0.00011144 Jun 20 Comment: active and gain profit Direct alhmdllah Jun 21 Trade closed manually: Close short Trade @0.00010720 Gain 15 % alhmd llah Jun 21 Comment: Sec Buy Still Limit Sec Buy Long Buy limit @0.00007732 Target = 0.00015257 Gain 100 %
Jun 19 ARD we Missed the Plane but We Have 2 Trades Short Trade Buy Limit @ 0.00009339 Target=0.00011344 Gain 20 % Sec Buy Long Buy limit @0.00007732 Target = 0.00015257 Gain 100 % We recommend Capital Management We ask Allaah to reconcile and repay Jun 20 Trade active: We ask Allaah to reconcile and repay Jun 20 Comment: Move Short Target to 0.00011144 Jun 20 Comment: active and gain profit Direct alhmdllah Jun 21 Trade closed manually: Close short Trade @0.00010720 Gain 15 % alhmd llah Jun 21 Comment: Sec Buy Still Limit Sec Buy Long Buy limit @0.00007732 Target = 0.00015257 Gain 100 %

Source: https://www.tradingview.com/chart/ARDRBTC/HWBxoODN-ARD-we-Missed-the-Plane-but/

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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:

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And that is it for this week!

Stay tuned next week as we continue to provide you with all the relevant and exciting news for Nxt, Ardor, and all things involving the accelerating growth of the blockchain space. Follow us on Twitter for important breaking updates during the week as they happen. Stay committed and stay informed fellow Nxters!

Nxt News – June 2017 (III): Freedom Is Nothing More Than a Chance to Be Better

June 2017 (III)


Welcome again, fellow Nxters!

Whatever your interest and whoever you are, we have something for you as we recap the last week!








This week’s newsletter is put together by apenzl, jose, rubenbc, jagd, and is proofread by Travin Keith.


  • SNAPSHOT – The Genesis

First, here is some ear candy for Nxters. An abridged excerpt from “The Genesis” chapter of “SNAPSHOT – Nxt, Unsurpassable Blockchain Solutions”, the book about the Nxt blockchain ecosystem, published by Nxter Magazine and Plaisir d’histoire.

“The Genesis: The Miss America of alternate cryptocurrencies” is a chapter about the very beginning of Nxt, how it was dismissed as a scam but ended up with not only making 73 initial investors extremely rich but also enriching the crypto world with a new technology and a decentralized movement.

Author of the chapter: Daniel M Ryan
Voice: Jess Allen
Ending Voice: Bill
Graphics: Savandra
Coordination: Travin Keith (Nxt Foundation)

SNAPSHOT – Nxt, unsurpassed blockchain solutions” is a collection of articles that look deep into Nxt – the history, the technology, its use cases, the community, and our visions. 

More information

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  • Chinese exchange BTC38 will transfer $ARDR/BTC to $ARDR/CNY

With this brief statement, BTC38, the popular and prestigious exchange based in China, announced that they will be ending BTC trading pairs. After contacting the BTC38 team, Travin Keith, Marketing Director and Blockchain Consultant of the Nxt Foundation, confirmed that ARDR will be moved from their BTC market to their ARDR<>CNY market:

Hooray for growth and continued acceptance across the global community! These are exciting times for the ever growing Nxt community.

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  • The Nxt Giveaways continue

Another Easter egg was picked up on the blockchain this week.

A clever Nxter took a look at Twitter handle @OPeasterEggs and found links to a 2-phased transaction of 1 Jinn asset to the NXT-TKCU-J7TH-YBS6-CG3QL Easter eggs account. The asset transfer only needed to be approved by someone. This was done simply by typing a secret and broadcasting it to the blockchain – if only one knew the secret, of course. 1 Jinn asset has the current value of $223 (and was $160 at the time).

Was this first tweet enough?

Or was this one needed to give the final clue?

For those unaware, the number in the above tweet is the numeric ID of Nxt’s Genesis Account. The passphrase to this very first Nxt account, once chosen by BCNext, has been publicly known since a “doctorevil” picked it up. Now it’s found in nxtwiki.org, in Nxt Newsletters and even in books.

So, this clever Nxter logged in to the Easter eggs account, typed in the Nxt Genesis account passphrase, and thereby revealed the right secret and approved the Jinn transaction. Boom, there went the Jinn to this clever Nxter’s account, and bye bye off went the last few NXT in the account as well. Well done Mr. or Mrs!

The backstory can be found in earlier newsletters here, here, and in this blog post published in Nxter Magazine last Thursday: https://www.nxter.org/easter-egg-hunt-on-nxt-blockchain/.

There will be new Easter eggs to pick up this week, and of course, the hunt will take place on the Nxt blockchain. Is there a better way to learn about Nxt and Ardor child chains’ built-in features? And does any other blockchain offer its users the ability to set up treasure hunts and games via its Client GUI?

Please help spread the word about Nxt’s abilities and don’t forget to follow https://twitter.com/OPeasterEggs for freebies.

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  • Stocks.Exchange – Trading Platform Overview

More information

Stocks.Exchange explained by the Nxter.org community.

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  • Nxtwiki: Account Protection and ERC20 Out of the Box

Nxtwiki.org is a great resource for information and ongoing work, just like the Nxt and Ardor blockchain platforms.

Recently, Riker (Lior Yaffe, Nxt and Ardor core developer and a member of Jelurida) added a “How-To” which explains how easy it is to announce a new Nxt account’s Public Key to the blockchain:

Optimal Nxt Account Protection

Option 1 – submit an outgoing transaction from the new account

Any type of outgoing transaction will do, since the user is signing this transaction with his passphrase and by doing so records the public key in the blockchain.

Option 2 – another account can announce the public key of the new account to the blockchain

Any type of transaction in which the recipient is the new account will do. The sender needs to specify the new account public key as the publicKey parameter or using the wallet “Recipient Public Key” field.

Source and more information

In a former newsletter, we explained why announcing the Public Key (initiating the account) is important:

There is (an astronomical) 2^64 =~10^19 individual account addresses available in Nxt but 2^256 =~10^77 possible passwords. An obvious question is whether or not it is possible for more than one password to open the same account. The answer is no – not if you have announced its 256-bit Public Key (with the first 64 being your visible account number) to the network and incorporated it into the blockchain. Once this is done, in the very rare case that someone enters a passphrase that would generate the same 64-bit account number, the software will deny the use of the passphrase.


How to – Initialize a Nxt/Ardor Account without Issuing an Outgoing Transaction

Cold Storage can be easily achieved with NxtBridge OFFLINE, which also signs transactions OFFLINE.

NXT support for ERC20 tokens

Another new entry in the wiki aims to educate people who are not totally aware of the possibilities of Nxt’s inbuilt smart transactions, how the Nxt Asset Exchange API supports most of Ethereum ERC20 operations out of the box without the need to issue any smart contract, and that the Asset Exchange – additionally – provides full dex (Decentralized Exchange) functionality and options such as the ability to issue a singleton asset for reduced fee or delete asset shares, or send a dividend payment to all asset holders with the click of a button, straight from the Nxt Client GUI.

Nxt also supports a different type of token called “currency” – among other features, a currency provides the ability to restrict token transfers so that they are allowed only between the issuer account and the accounts that hold the token. This function prevents free trade of the token without the issuer’s permission which is desirable in, for example, the case of voting rights distribution. Voting being another Nxt blockchain feature.

Source and more information 

Travin Keith, mrv777, vanbreuk, mroenne, and a few others have now set out to update Nxtwiki.org in a big way together with Lior.

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  • Janus – Summary & TradeMimic

In the last Nxt Newsletter, we wrote about the Community Janus XT Token Share Program where 6 spots in the program were still open. Not anymore, as everything sold out fast. Effectively this means that another 2 million Janus tokens have been removed from circulation for at least a year.

Price correlation to the rising price of NXT:




born_bb: This month BetterBets.io NXT volume has dropped significantly, for our team’s part I have in testing the capability to offset this to a degree with other things. One of those is trading, which in the past I have done manually. Recently (past 4 days) I’ve been testing in my brief spare time a very complex but so far highly successful trading bot engine. Using semi conservative settings it is proving to be effective in 1-2% gains daily. The casinos, as everyone knows are unpredictable, in this industry the whales make up 90% of house profit or losses. I believe the rise of the NXT price is attributed to the decline over the past 2 months in NXT use on site – (Price rise significantly has in the past caused a drop off in high value betting). Therefore after more testing on the trading engine I’m using if it proves to be viable for an additional revenue stream I’ll put this into the Janus pool for divs.

Etcbets.com is growing fairly well, this message applies entirely to NXT betting on BetterBets.io and it’s significant decline this month.

I’ll keep everyone posted, as I cannot day trade full time getting this bot perfect would have direct results on income potential in time. As well as the rest of our sites in development.

The above trading is entirely my own thing and idea outside Janus team, so I’ll be using personal funds for now to fuel its start.


Speaking of unpredictable betting results, one ETCBets.com player (and Janus community member) hit the jackpot this week, which might result in a significantly lower dividend from that business this month.


Business in the pipeline

This is it!

The long-awaited social fintech site from Janus, http://TradeMimic.com, is coming. Use the ‘Subscribe’ button on the site in order to receive periodic updates or just visit it to sit back and watch the countdown.

Expectations are high: this will be the first of the well-prepared large scale business ventures from the Janus Team, plus the one that will kick off Alphonso Morris Jr. as a spearhead and brand manager, with a team of professional crypto- and FOREX-traders up the sleeve to help the social marketing.


More information: #janusproject (Join Nxtchat on Slack) | Twitter

History and news: https://www.nxter.org/ae-janus-4348103880042995903

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  • Adelphoi Token at Exchanges

In more exciting news from last week, the Adelphoi token has been added to new exchanges as well as to the popular coinmarketcap.com.

Dusil writes:

Just three weeks after the close of our ICO, ADL is listed on another exchange CryptoDAO:

BTC/ADL: https://cryptodao.com/site/index/ADL/BTC
LTC/ADL: https://cryptodao.com/site/index/ADL/LTC
ETH/ADL: https://cryptodao.com/site/index/ADL/ETH
USD/ADL: https://cryptodao.com/site/index/ADL/USD
DASH/ADL: https://cryptodao.com/site/index/ADL/DASH

and the MT4 Based PRO Webtrade Platform: BTC/ADL: https://cryptodao.com/trade2/index?symbol=cryptodaoadlbtc

Our members are actively reaching out to new exchanges. This is a great example of how our community works together to succeed. If you have ideas or exchanges contacts to list ADL, then please email us at adel@adelphoi.io.

ADL is now on CryptoDAO, Stocks.Exchange and the Nxt Asset Exchange.

Please take a moment and actively share this announcement. Bittrex and other exchanges coming soon.

More information: www.adelphoi.io

Twitter LinkedIn Facebook Reddit

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  • ARDR, Ardor, IGNIS and the Snapshot Block

Lots of (repetitive) questions are being asked in nxtchat.slack.com about the Ardor and IGNIS snapshots, issuance and timeframe. Fastest way to a FAQ is:

mrv777 sums the roadmap up like this:

Current plan from Jean-Luc:

1. ICO of Ignis, to last a month or so.

(There will likely be some time gap between the end of the ICO and the snapshot, could be days or weeks.)

2. One-time snapshot of ARDR and NXT balances (and aliases, MS currency names, etc).

3. Launch Ardor. The distribution of ARDR and IGNIS will be in the Ardor Genesis block.


ARDR tokens have been distributed already!

The ARDR you hold in your Nxt account will be re-issued as tokens on the Ardor Blockchain.

The passphrase to your Nxt account will give you access to your Ardor Blockchain account as well.


Lead developer Jean-Luc recently added:

the ARDR token will be frozen at the snapshot block and no further transactions [on the Nxt blockchain] with it will be possible.

This is to avoid profiting from the ARDR asset token on the Nxt Blockchain once the Ardor network has been created.


Information about the ICO:


Jelurida will hold an IGNIS ICO for 50% of the tokens.

NXT holders will receive the remaining 50% IGNIS tokens automatically, 0,5 IGNIS for each 1 NXT they hold.

The distribution will happen in accordance to a 1-time snapshot of the Nxt Blockchain prior to the Ardor Genesis.

Full details of the ICO terms and conditions, with exact amounts and timeline, will be published as soon as all details have been finalized, but this will be at least one week before the start of the ICO.



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  • Europe’s Largest Blockchain Startup Competition

Do you have an idea to revolutionize the insurance industry? This contest can give you the necessary push to turn your idea into a project and earn a large sum of money.

APPLY NOW TO WIN $100,000! Bring your InsurTech ideas to life! Do you have a team or innovative startup? Then turn your idea into cash and win $100,000, one year of free office space and professional coaching!

Nxt Foundation member Travin Keith says:

I know some of the people running it. They’re great professionals and can really help a project move forward. Also, they welcome Nxt and Ardor-based solutions, so I encourage people to apply!

Check the participation criteria here.

Source: http://www.blockchaincompetition.ch/en/

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  • Steemit – NXT and ARDOR are going through the Roof

Source: https://steemit.com/cryptocurrency/@askaran/nxt-and-ardor-are-going-through-the-roof

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  • Janus Token Registers Phenomenal Growth 

As Janus sends out a press release about its past, present, and future, Nxt and its Asset Exchange gets a little mention too.

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  • TradingView – ARDOR breakout coming?


Source: https://www.tradingview.com/chart/ARDRBTC/EAd2xgxd-ARDOR-breakout-coming/

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  • Trading View – NXT Short Corrections


Source: https://www.tradingview.com/chart/NXTBTC/G3o0AV3I-NXT-SHORT-CORRECTION/

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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:

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And that is it for this week! Stay tuned as we continue to provide you with an all-in-one platform for your news of Nxt, Ardor and the ever growing position of prominence we have within the rapid and fast changing blockchain technology landscape. Our commitment to you, dear readers, is to keep you informed.

Nxt News – May 2017 (IV): Only Those Who Will Risk Going Too Far Can Possibly Find Out How Far One Can Go

May 2017 (IV)


Here’s some of the latest news about Nxt over this past week in May:






Here below are more details about each of these:



  • Jelurida – Blockchain Expo Europe 2017

Jean-Luc, Nxt and Ardor core developer, has announced that Kristina Kalcheva and Tomislav Gountchev, both members of Jelurida, will be attending  the Blockchain Expo Europe 2017 event, which will take place on the 1st and 2nd of June in Berlin. This event will be focused on learning and building partnerships in the emerging blockchain space and will explore the industries that are set to be disrupted the most by this new technology. These include: legal sectors, financial services, healthcare, insurance, energy, music, government, real estate, and numerous others.

Jean-Luc states:

Jelurida will be presented by Kristina and Tomi at Blockchain Expo Europe June 1-2, 2017 in Estrel, Berlin.

This event will be bringing together more than 1500 people across key industries for two days of world-class content from leading brands embracing and developing cutting-edge blockchain technologies.

The Blockchain Industry conference track will look at a variety of platforms and services from startups to cloud providers, including developer networks, applications and APIs as well as the impact on legal, finance and government sectors with smart contracts.

Blockchain Technologies will focus on the evolution of blockchain and its applications. The conference will explore the many launches and trials being conducted, the different uses of blockchain technology in these verticals, and the vast opportunities in these sectors.

Source and more information: https://nxtforum.org/general-discussion/jelurida-attending-blockchain-expo-europe/msg232059/?topicseen#msg232059


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  • Janus – Introducing Alphonso Morris Jr

On the 18th of May, the Janus team organized an interesting Questions and Answer (Q&A) session which was moderated by Travin Keith, Marketing Director and Blockchain Advisor of the Nxt Foundation, on the #janusproject channel on NxtChat on Slack. The aim of this event was to make public the addition of Alphonso Morris Jr as the new Content Product & Marketing Manager as well as Public Relations & Brand Ambassador for the Janus team.

Travin Keith, aka Marenkar, gave the starting signal this way:

Welcome everyone to the QA with the newest member of the Janus team, Mr. Alphonso Morris jr. I have personally verified his information to be accurate based on several techniques to prove identity.

Below are some answers given by Alphonso to the questions stated by users:

Question: Who are you and what is your career experience?

Alphonso: My full name is Alphonso Morris Jr… I have several years of experience in various fields not as much in the Crypto / Blockchain world more so in the fields of Photograpy, Event Planning & Promotions. Public Relalations Director, Artist Management, Personal Assistant, Music & Television for over 20yr

Q: What ways will you help the Janus team expand grow as both a team and future company?

A: Explaining how good something can be to others is easy when you have a team & product as good as this . Were all driven to succeed focused on producing quality, I believe creative minds tend to work well together my interactions with members of the team has been very good. I believe my 30 plus years of public relations, world travel and personal contacts will benefit the team as we grow. I’m anxious to get into the creative process.

Q: What advice do you have for potential investors looking at JANUS?

A: I joined the team two months ago and my observation of Janus is that its a solid company. They have good direction, good products, dedicated to their investors and their brand. Janus is also growing exponentially

Q: To what degree can you utilize your ‘special’ industry contacts to help your team gain an advantage with online business sites and other Janus activities?

A: From my personal experience we are only as good as our word on any level. Information is power in the right hands coming from the right people. I’ve earned mutual respect from some influential people in the entertainment industry who Iv’e worked for or with over the years. People like Ken Ehrlich (Tv Producer Grammys), AMA’s, Usher Raymond (Music Producer / Entertainer) I consider close contacts. There’s always the possibility of a outright endorsement of a product, company, idea or the like based how Bjorn wants to proccede… With my unlimited contacts in music and television it wouldn’t be a problem for me to explain Janus to as many influential people and companies as possible

Q: Since you are the brother of Boyz2Men member, do you know Beyonce through him? There’s a group trying to parody her name as blockchain.

A: She was on The Evolution tour with Destiny’s Child and Boyz II Men in 1997. I was their personal photographer during the tour.

Q: Speaking of Nxt, did you try to play with Nxt features? And if yes, what is your first impression?

A: Yes I have It installed and have looked at it. Its a very powerful platform!

The session extended for over an hour and there was time to discuss many questions about the present and future situation of Janus, but there was also time for sharing some personal and professional anecdotes from situations that only a person immersed in such a world as Alphonso has experienced throughout his career. No doubt he is a great addition to the Janus team.

You can read the full Q&A session on the #qa_answers channel on NxtChat on Slack.

Source and more information: https://www.nxter.org/ae-janus-4348103880042995903/

#janusproject (Link to join Nxtchat on Slack)

News compilation about Janus

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  • Adel – 20% Extra Bonus For The ICO Contributors

Adel, the blockchain project incubator that uses Nxt technology as a base to build its ecosystem, has recently published its 11th Whitepaper, titled “Foundation of a Community Accelerator”, where a new plan is outlined to make sure that enough funds are collected to move forward with building the Adel ecosystem and progressing with its roadmap.

This way, in case the 900 BTC minimum will not be reached, ICO contributors will have the opportunity to vote for the adoption of this new plan that will give ICO participants the ability to receive a new 20% Post-ICO bonus on their contributions, in addition to the ICO bonuses already achieved through the ICO. Contributors will also have the chance to ask for a refund of their contributions before this voting process takes place. You can find more details about all of the above in the aforementioned White Paper.

G. Dusil: the advantage is that 1st round contributors all get a 20% Post-ICO bonus plus their accumulated ICO bonus – contingent on the members voting on the plan outlined in the white paper. In other words, we either refund contributor BTCs back to participants, and no ADL will be issued, and no bonuses. Or contributors agree to the plan and get up to (a theoretical bonus limit of) 40% more in ADL. Make sense?.

At the same time, the Adel team has announced an initial agreement with the exchange Stocks.Exchange so that the new “Adel” token will be listed in this exchange once the ICO is over. This exchange was created by Vadym Kurylovych, a member of the Nxt communty, where, in addition to buying and selling some tokens like Nxt or BTC , you can also receive dividends on your account which are issued to token investors. This has already been done with the JNS assets that users can keep on their account in this exchange.

G. Dusil: We are excited to be working with Stocks.Exchange, as our first crypto exchange provider.

More information: ICO Portal

The Adel ICO is live

Stocks.Exchange ICO

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  • Ardor – Bundler example

On the 15th of May, Marenkar opened a 1250 ARDR bounty (i.e. around 160$) on the Ardor channel on Reddit to the first user who could correctly expand and solve a challenge. The proposed challenge was:

Set Up

Jayne is forging ARDR and let’s assume that he will forge the next block.

Mal sets up bundler with

Minimum Rate = 5 IGNIS/ARDR Therefore, a single basic transaction will cost 0.5 IGNIS because 5/1 = 0.5/0.1 where 0.1 ARDR is the base transaction fee.

Fee Limit = 10 ARDR Therefore, Alice will pay the maximum fee of 10 ARDR ( VERIFY This means that once 10 ARDR has been paid, the bundler will be shut down. )

Overpay = 0 ARDR No overpay in effect. ( EXPAND In your example, include an overpay more than 0 and explain what happens to it)


River sends 5 IGNIS to Simon and pays 0.5 IGNIS to Mal, as he is the only bundler ( EXPAND Explain what happens if another bundler is present. What condition would make Mal be the bundler over the other bundler? Also include the information of the other bundler like how I did with Mal’s. Use whatever other name you like. ). Mal then receives the 0.5 IGNIS.

There are no other transactions in the child chain block so Mal pays Jayne the 0.1 ARDR fee to include the transaction in the block.

It did not take long before GCMartinelli, a new community member, solved the problem by drafting a detailed response which was later confirmed and accepted as valid by some of the Ardor core developers, thus winning the prize. You can see the full explanation on the Ardor channel on Reddit. We recommend that you frequently check this channel in case more bounties come up.

Source: https://www.reddit.com/r/Ardor/comments/6b8n9e/ardor_bounty_opportunity_bundler_example/

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  • Jelurida – Ignis ICO

As we already announced some months ago, the IGNIS token will be the primary transactional token on the Ardor network when it launches, and until new child chains are spawned. Ignis tokens will be distributed ~ 50/50 to NXT holders/Nxt core development team. The ~ 50% Ignis which are to be distributed to the core development team will be theirs to use to fund the continued development of the Nxt and Ardor platforms.

Jean-Luc, wrote:

Ignis will be created in the Genesis block of Nxt 2.0. At the moment NXT holders will get 50% Ignis of their NXT balance. The other 50% will be reserved for the devs, for instance to do an ICO with, or something else. As this is still one year in the future, the exact method of this is still being debated.

This week, Jelurida, the corporation that brings together all the Nxt and Ardor core developers, has announced that it’s preparing an announcement with more details about the upcoming Ignis ICO:

Jelurida will conduct an ICO (Initial Coin Offering) for most of the 500,000,000 remaining IGNIS coins planned to be created, in a crowdfunding sale, to be performed before the above mentioned snapshot. The funds collected in the ICO will be used by Jelurida to ensure the future development of the Nxt and Ardor blockchain platforms. Some small percentage of IGNIS coins may be kept by Jelurida for future use, but as the goal of the ICO is to provide financing for the company, most of the funds collected will be converted to fiat and not kept in crypto.

Full details of the ICO terms and conditions, with exact amounts and timeline, will be published as soon as all details have been finalized, but at least one week before the start of the ICO.

Source: https://www.jelurida.com/ico

Ardor and Ignis distribution

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  • Shuffling – ARDR Assets

Coin and Assets Shuffling is a core feature on Nxt which enables users to mix their funds quickly and efficiently with other users’ funds by creating a random mapping between the existing user accounts and new recipient accounts provided by the users.

A few months ago it was customary that some members of the Nxt community set up a weekly “shuffling party” to make use of this Nxt feature and shuffle some NXT in a decentralized manner with differente users, thus showing the world the potential and abilities of this platform.

Recently, lurker10 has invited the community to re-launch this interesting initiative but, this time, using the ARDR asset for the shuffling.

lurker10 states:

The first party time was amid grim times of the bear market, the link has insights for what to expect and best practices: https://nxtforum.org/general-discussion/shuffling-party-time/

Let’s do it again for ARDR asset on Shuffling Sundays?

Please remember that participants must keep their node running at the time the shuffling process takes place in order for it to finish properly, together with other minor conditions. Initially, the agreed on time was on Sundays between 15:00 UTC and 18:00 UTC, because this was the time which was most convenient for multiple time zones in order to have the largest number of participants. However, always check the active shufflings in your Nxt client to see which ones are open.

Jean-Luc also states:

One good reason to shuffle ARDR now is that on the Ardor platform it will not be shuffleable, parent chain does not support coin shuffling. Do it now before the snapshot, while it is still an asset.

Source and more information https://nxtforum.org/general-discussion/shuffling-party-time-(ardr-edition)/msg232092/?topicseen#msg232092




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  • Job offer – Java / Blockchain Developers and Senior Blockchain Engineer

The blockchain industry and its applications are booming. As a result, more and more people are interested in this technology and new developers join this ecosystem everyday. Recently, some job offers were published on Nxtforum and NxtChat on Slack related to blockchain. The candidates must have enough familiarity and expertise with the Nxt blockchain. These are the job offers:

kirbypuckett states:

…The company’s developing on open source version at the moment but is in advanced discussions with Jelurida about license

Flgalaxy is a FinTech company founded in 2015 with the goal of reaching out and letting consumers and merchants have the tools needed to build lasting relationships with customers. It builds applications using the power of blockchain architecture to offer secure borderless commerce options from the ground up.

We strive to further the movement around the world to open up markets and empower individuals and businesses alike to work together and establish prosperous local communities while also bringing people together by further allowing people with unique products to get them to the public.
We hope that with the advanced tools that we provide, our partners can continue to grow and develop new businesses and build strong relationships with customers by rewarding them in ways that help them continue to enjoy the new products that come as a result of their efforts. We believe that the blockchain is an a powerful emerging force in freeing the global economy and that is why we have chosen to place our time and effort into building apps that leverage its strengths to continue the process of removing barriers and rewarding consumers and businesses alike.

Source: https://nxtforum.org/job-board/recruiting-java-blockchain-developers-great-pay-in-london-office/

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  • Nxter Magazine – 2000 Followers on Twitter and 450 Newsletter Subscribers

We have a reason to celebrate! Nxter’s twitter account has reached 2000 followers and our weekly email newsletter is already regularly sent to over 450 subscribers! Thank you all!Nxter is a community driven initiative, so we encourage you to keep giving us your support and sharing our news and articles to achieve wider visibility. Remember that you can also publish your own articles, subscribe to our newsletter, or follow us on social networks, in order to always stay on top of everything that happens around Nxt and Ardor.

More information: Nxter.org Twitter

Spanish Twitter

French Twitter

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  • Beecrypt – A Decentralized P2P Exchange That Will Be Built On Top of Ardor

Beecrypt is company based in Bangalore, India, managed by highly specialized technology experts, successful entrepreneurs, and veterans in the semiconductor & fintech industry. This company has recently announced that Beecrypt’s flagship product, Migretor, a decentralized P2P exchange for cryptocurrency, as well as a wallet, will be built on top of Ardor.

Migretor would be featuring:

  • Usability with an easy to use application which runs ubiquitously on all platforms
  • Secure, with no custodian for user funds. Users will be in full control with no trusted third party of their funds
  • Utmost transparency in exchanging in a decentralized manner by locally signing all transactions before broadcasting to the network
  • Unprecedented privacy with end-to-end encrypted message exchanges
  • Robust, effective against DDoS
  • On chain transactions
  • Cost-effective exchange

Hariharan Parasuraman, CEO at Beecrypt states:

Beecrypt is excited to develop Migretor on top of the Ardor blockchain platform as it offers the first real world solution to the blockchain bloat problem.

Source and more information: https://www.jelurida.com/beecrypt-migretor-decentralized-exchange


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  • The Wiring – Ardor Fees, Child Chain Fees, Bundlers, Forgers… Let’s Clarify

TheWireMaster, an active member of the Nxt community, and admin at NxtFolks as well as the composer of the Ardor song, has recently published an article titled “Ardor Fees, Child Chain Fees, Bundlers, Forgers… Let’s Clarify” at TheWiring.com. The text explains how the forging process on the Ardor main chain will work as today’s NXT forging. However, in Ardor, these blocks will contain transactions from the main chain and from the child chains. The Ardor main chain will be the only one forging and providing the blockchain infrastructure to all child chains.

The article includes some practical examples showing how the bundling process works.

A “bundler” is the link between the child chain and the main chain. It’s the one that collects the child chain fees and then pays the main chain (Ardor) to pack those transactions in a block…

…The field “Minimum Rate” is a multiplier for the defined Ardor fee for that specific transaction. The result of that multiplication will be the minimum transaction fee in child chain token users will have to pay so that the bundler will bundle their child chain transaction

“Fee Limit” is the total amount you want to spend in Ardor fees.

“Overpay” is the extra you want to pay more in case of competing bundlers. This is a multiplier of what you will pay in terms of Ardor fee.

Let’s hypothetically assume that these are the fixed prices for a couple of transaction in Ardor (still in development so let’s not be too picky with the exact amounts):

Basic transaction (money transfer, sending message, etc): 0.1 Ardor
Asset issuing: 1000 Ardor

Now lets assume a bundler is set with these parameters:

Minimum Rate: 10
Fee Limit: 200
Overpay: 0.1

Someone now sends a message to someone else in the Ignis child chain. The client will automatically set the fee to the minimum fee offered by the bundlers. Let’s assume that our bundler is the only one, then the fee that will be applied will be:

0.1 Ardor fee x 10 Minimum Rate = 1 Ignis

So the message will be delivered with 1 Ignis fee.

The bundler then has to pay 0.1 Ardor + (0.1 Ardor x 0.1 Overpay) = 0.11 Ardor

Source and more information: https://thewiring.com/2017/05/19/ardor-fees-child-chain-fees-bundlers-forgers-lets-clarify/

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  • TradingView – Time to Continue this Crazy Race with NXT

TradingView is an advanced financial visualization platform that is easy and intuitive to use, with many users around the world making use of it. The service provides all the charting tools you need to share and view your trading strategies.

Recently, a technical analysis of the NXT price has been carried out by Paulto. This user has given his thoughts of the path that NXT’s price is going to follow.

The Bears left a dance floor, new strong lever support detected, seems like a good time to enter this mad train now

We’d like to point out that we are just sharing the opinion of an analyst because they are referring to NXT. However, that doesn’t mean that Nxter approves nor disapproves this opinion. Investors are always responsible for doing their proper research and analyzing the risks when investing in volatile markets such as cryptocurrencies.

Source: https://www.tradingview.com/chart/NXTBTC/JkklY8cv-Time-to-continue-this-crazy-Race-with-NXT/

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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:

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