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

October 2017 (I)

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

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

NXT COMMUNITY

NXT AE

NXT IN THE MEDIA

PRICE EVOLUTION

 

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


NXT COMMUNITY

  • IGNIS ICO

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

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

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

Source




Live stats from the Nxt Blockchain

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  • Jelurida – Barcelona is next

Riker –

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

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

More info

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  • Ardor vs. the Competition

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

You can find the previous posts here:

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

Ardor vs. the Competition, Pt. 3: IOTA

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  • Lior Yaffe – About Nxt/Ardor

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

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

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

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  • Blockchain: Making It More Than Just a Trend

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

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

A panel of experienced blockchain specialists will discuss:

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

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

-Public vs Private Blockchain Use

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

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

Source

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NXT AE

  • Janus – Status Update

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

In Bjorn’s words:

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

Business site update

Janus’ lead developer, Lobos, updates us:

I am able to report that most of the dev work for our first-to-be-released project has been completed and that we’re mostly down to expanding what the UI can do, load testing and general bug testing/squashing.

Work on our second-to-be-released project is also progressing and now, after the summer break and a few personal crises which cost time and focus, has our full attention.

So even though we’ve been quiet, we’re still working on getting stuff done and making progress.

We understand our investors’ concerns and appreciate their faith in us. We do not intend to disappoint any of you.

Side business: JNSHash Mining

Last week the Janus team posted a video on Youtube…

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

Introducing: JNSHash Mining

Join the “Janus Token” YouTube Channel

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

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  • Adel – Status Update

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

Gabriel speaks:

Moreover, TheWireMaster wrote this week about Adel.

Follow Adel In Medium

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

 

More info

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  • Bitswift – Status Update

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

In their words:

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

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

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

 

Source

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  • DeBuNe – ERC20 Token Swap

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

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

In Roberto Capodieci’s own words:

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

Some are practical:

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

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

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

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

UPDATE:

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

Today he writes:

NOTICE FOR THOSE THAT DON’T WANT TO USE ERC20 / ETHEREUM 

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

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

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

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

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

(…)

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

R

HOW TO CLAIM YOUR ERC20 DeBuNe tokens

Roberto writes:

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

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

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

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

 

Source

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NXT IN THE MEDIA

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

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

Lessons learned

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

The NXT Blockchain has an elegant solution for these two problems

Source

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

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

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

Source

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  • Lior Yaffe in Medium – POS vs POW Revisited

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

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

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

 

Source

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  • Investing – NXT and Ardor: The Future of Cryptocurrencies

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

They wrote:

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

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

Source

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  • Vachev – “NXT алтернативата на Bitcoin и Ethereum”

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

Source

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  • Btc38 – Ardor Challenges the Future

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

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

ardr1_看图王.png

ardr2_看图王.png

ardr3_看图王.png

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

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  • Chinese Nxter Magazine – update

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

Nxt PoS

Nxt Transparent Forging

Alias System

Arbitrary Messages

Marketplace

Asset Exchange

Asset Exchange Tutorial

Monetary System

Proof of Existence

Voting

Shuffling:

https://www.nxter.org/zh-hans/coinshuffle/

https://www.nxter.org/zh-hans/coin-shuffle/

https://www.nxter.org/zh-hans/blockchain-app-coinmix/

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  • Due – 101 Top Blockchain Companies

Ardor is recognized as one of the top blockchain companies…

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

Source

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PRICE EVOLUTION

  • TradingView – Ardor a Truly Bullish Graph

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

Source

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  • TradingView – Ardor Breakout Big Release

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

Source

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  • TradingView – NXT Trading Opportunity

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

Source

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

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

Source

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  • Steemit – Ardor Buy Alert

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

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

Source

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  • Weekly NXT/ARDR Price Evolution

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

The following graphic shows the ARDR / Bitcoin exchange price at Poloniex over this past week:

Live stats from the Nxt Blockchain Asset Exchange:

 

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

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

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

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Nxt News – September 2017 (IV): A New Day Brings New Strength and New Thoughts

September 2017 (IV)

Welcome again, fellow Nxters! Fall is here and that means pumpkin spice flavored foods are back in the US – and for the rest of us it is another chance to catch you up on the news from the last week of summer. The IGNIS ICO started Round 4, we got more news from China, big news from Adel and much more awaits down below.

As always, our newsletter is aimed at being accessible to new readers while providing important and cutting-edge info for our power-readers who are already experts in the blockchain space. We welcome everyone and thank you for taking time to read and learn with us!

NXT COMMUNITY

NXT AE

NXT IN THE MEDIA

PRICE EVOLUTION

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


NXT COMMUNITY

  • IGNIS ICO

The IGNIS ICO is well into its second month now.

3 batches of JLRDA tokens have all sold out. Round 4 started last week and will be extended until Oct 21 due to the market conditions. Round 4 consists of 4 offers of 25 M JLRDA each, priced at 1 JLRDA for 1.05 NXT, released according to the following time schedule:

Sat, Sep 23rd between 06:45 – 07:15 UTC
Sat, Sep 30th between 06:45 – 07:15 UTC
Sat, Oct 7th between 06:45 – 07:15 UTC
Sat, Oct 14th between 06:45 – 07:15 UTC

The days of whales gobbling up entire batches is gone. Anyone who wishes to participate in the ICO and invest in the future of Nxt, IGNIS and the Ardor platform can now do so. For 1 JLRDA token, the participants in the ICO will receive 1 IGNIS coin at the time of the Ardor Genesis Snapshot.

Riker says:

Only buy JLRDA tokens using the “IGNIS Token Sale” link at the header of the official NXT wallet. At this time you may use the Jelurida node https://nxt.jelurida.com/index.html or a lightweight or mobile node in order to purchase. Your passphrase is never submitted to the remote node.

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

Source

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  • Chinese Community

China is probably the largest consumer of blockchain tech in the world at this moment. We welcome our Chinese community readers and we aim to put forth more Chinese language content in the near future on our new Chinese section of Nxter.org.

Over the last two weeks Lior Yaffe, Riker, one of the co-founders of Jelurida and core developer of Nxt and Ardor was in China attending several meetups. His presence was well received and his presentations were well attended. There is much interest in what Nxt / Ardor / Ignis is doing in the blockchain space and we are happy to be welcoming of all of our brothers and sisters in the global community.

Baijing meetup yesterday with 40 attendees
Beijing meetup with 40 attendees

Riker: Back home after a wonderful week in China dedicated to the promotion of Nxt and Ardor. Met many interesting businesses and crypto enthusiasts and shared the vision of Nxt and Ardor. It was wonderful to meet with more and more people who know and believe in our technology. We will start releasing short videos as soon as they are reviewed and ready.

  • China Video Diary #1

Riker documents his Chinese adventure

Jelurida 公司高级开发人员Lior Yaffe 的中国之行。 🙂

  • China Video Diary #2  

Updates from beautiful Shanghai

  • China Shanghai Meetup

The Ardor Shanghai Meetup

Learn more about Lior’s days in China from his latest blog posts on his Medium blog.

  • Nxter Magazine enables Chinese section

Twitter user @xfyydfz (a.k.a. fz1128 on Nxtchat.Slack) recently translated and published parts of our Nxter Newsletters as well as other Nxt / Ardor related news on btc38. fz1128 has translated some of the most important key content on Nxter.org as well, and so, we can re-launch the Chinese Nxter Magazine together.

Please inquire in the nxtchat.slack if you want to help us built the site with original content and Chinese translations, we are in need of talented and dedicated members of the Nxt and Ardor community. Also, please spread the articles, videos, tutorials, there is plenty of information about the Nxt tech and ecosystem already, which is now available to the public in Chinese again.

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  • The Chinese Ban – withdraw to a wallet

Speaking of Btc38…

The Chinese government caused Bitcoin’s value to dip when they declared ICO’s illegal early this month, and here comes the next blow – last week Chinese authorities ordered all Beijing-based cryptocurrency exchanges to announce a stop to new user registrations and make clear to their current users that they will stop all cryptocurrency trading. In addition, Reuters and other media have reported that the Chinese government plans to shut down the exchanges.

And so, on Sep 20th, 21:58:20, BTC38.com, the largest CNY < > NXT exchange,  wrote:

Please bring your digital assets to your personal wallet or another exchange before September 28th. All sale of currencies is expected to stop around October 31st.

fz1128 writes:

I will make sure that NXT holders use the NXT Wallet.

This is btc38 cold wallet, not much NXT anymore

We have NXT QQ group, Travin Keith is also inside, QQ group contains most of the btc38 NXT holders.

Whether the government crackdown on exchanges is temporary or another step in their war against crypto is yet to be seen. “A broader clampdown will likely include blocking mainland access to websites of foreign Bitcoin exchanges such as Coinbase in the US and Bitfinex in Hong Kong”, Wall Street Journal writes. And going after Bitcoin miners next, we could add. Nearly 70 percent of all new Bitcoins are being mined by Chinese mining pools.

But let’s see. It’ll be a tough task to stop a global decentralized p2p network like Bitcoin’s, or Nxt’s and Ardor’s for that matter, with their integrated decentralized coin- and asset exchanges, Ardor allows trading between its child chains, even with fiat-pegged chains, shuffling of coins, assets and ICO tokens for privacy, and both systems need only a passphrase, and your funds are safe and secure. No digital trace on the device. Transactions can even be signed offline.

According to Leon Liu, CEO and co-founder of BitKan, Chinese traders already trade OTC in numbers: “You use WeChat, you meet someone, you chat, you buy and sell, you transfer money, nobody knows why you transferred the money,” he said at a Bitcoin conference in Beijing, Wednesday, according to The Wallstreet Journal. “This is everywhere now.”

TechCrunch writes: “China is no longer the dominant bitcoin trader it once was. A series of government bans — most recently a four-month trading freeze due to security concerns — have seen its share of global trading drop from more than 90 percent in previous years to just over 10 percent today. Markets like Japan, Korea and the U.S. have emerged to account for the lion’s share of global trading volumes, so the impact of this China ban is not as severe as it initially may seem”.

Maybe this is why coinmarketcap sees green.

Source

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  • Telegram – Ardor Chinese Group

See title; hooray for growth and community inclusion!

But WeChat? NXT QQ?

WeChat, along with Tencent’s QQ service, has to adhere to Chinese government rules. That includes censoring sensitive topics, filtering images, deleting private and public accounts without user consent and storing information sent via its platforms for at least six months on its servers. Chinese authorities said on September 7 that, starting next month, creators of online groups are responsible for the behavior of members. 

With administrators personally liable for what is said on groups they run, users of Bitcoin exchanges BTC38, OKCoin, Huobi and BTCChina are migrating to services beyond the Chinese government’s reach to discuss everything from how to transfer their digital tokens overseas to more effective ways to protect privacy and initial coin offerings.

While Telegram is officially blocked in China, users can access the service through virtual private networks. As a foreign encrypted platform, it is somewhat beyond the grasp of the country’s authorities. 

Source

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  • Telegram – How Many Telegram Groups Reference Nxt / Ardor?

With the recent addition of the Chinese Telegram account, we decided to compile a list of all the accounts that directly refer to Nxt.

Here is our (non-exhaustive) list:

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NXT AE

  • Adel – Status Update

Adel had another busy week. Another Adel interview between Simon White and Gabriel Dusil about the structure of Adel and their new Crypto Financing Platform and plans for the future investment token – ADS.

In their own words:

Co-Founder of Adel, Gabriel Dusil spoke to Community member, Simon White. Topics included the legal structure of Adel, the new Crypto Financing Platform () recently announced for incubation, the use of the ADL coin, and plans for the ADS token. We also discuss our I2 (Idea Incubation), P2 (Project Planning), and E2 (Enterprise Execution) workflow.

 

More video interviews about Adel:

1Sep 13 – Netherlands – Adel Interview with Yves Sinkgraven
Sep 18 – Tallinn – Adel Interview with Simon White

Adel in the Media:

cryptocoinupdates.com
the-blockchain.com
https://steemit.com/adel/@adelecosystem/blockchain-incubation-to-employment
https://steemit.com/adel/@adelecosystem/from-blockchain-innovation-to-ownership

Support the Adel community by taking a few seconds out of your day to visit their Reddit page and upvote all our past announcements: https://www.reddit.com/r/Adel/

Upcoming Events

Gabriel will be speaking at the ICO Event in London, on October 11th and Adel also has a speaker slot at the Cryptocurrency World Expo from December 1-2 2017, in Warsaw, Poland.

Follow Adel In Medium

 

More info

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  • Bitswift – Status Update

Bitswift is looking for developers to integrate their FreshBooks API into the Ardor child chain API when it is ready. More information about these development opportunities is below:

Hey everyone, we are looking for developers who can help us link freshbooks api into our Ardor child chain api (when its ready).  If you are interested please check out: https://www.freshbooks.com/developers.  If you think this is something you can work with please send me a PM.

Also we have received a letter from the society worldwide interbank and telecommunications asking us to extend their deadline for filing their reply relating to our trademark.  We have denied any extensions on their part, we are done with waiting.  They now have a deadline of October 21st to file a reply.  We will continue to update you on this matter as we feel it impacts everyone involved who may participating within the Bitswift ecosystem.

Also a reminder that October 14th is the cut off date for any old tokens to be swapped into the new chain.  We estimate approx 400,000 tokens will not be claimed, as such a portion of them will be eliminated from the supply, the other portion put to use further developing the Bitswift ecosystem in a transparent manner

bitswiftbro: If you do Facebook, please like and share

 

More Info

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  • Janus – Status Update

Things on Moneypot.com are a bit messy due to the implementation of the new API version | ICO . It´s plan to integrate BetterBets.io on this multi-coin bankroll version. @lobos will let you guys know about that

Just the same gentle reminder to withdraw any ETC you may have on ETCBets as betting is no longer permitted on the site.

Withdraw your balance from ETCBets!

 

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NXT IN THE MEDIA

  • VentureBeat – Ardor Could Fix Key Blockchain Weaknesses – If It Can Get its Message Out

VentureBeat wrote a feature piece on Ardor and the many solutions it solves in the blockchain space – and how it will not be able to do this if word of Ardor DOES NOT GET OUT.

Ardor operates on a Blockchain-as-a-Service (BaaS) model, supporting many use cases out of the box and makes it easy for anyone to get into the blockchain space, while also allowing developers to build their own solutions on top of it.

Ardor is also a platform well suited for running ICOs — anyone is able to create a new currency and issue an ICO in a few minutes, making it a more accessible alternative to Ethereum. Ardor’s main innovation however, and the reason I wanted to take a closer look at the technology, is its new approach to fixing the problem of blockchain scalability and bloat.

Ardor is the main chain, or parent chain. It’s a small, lightweight chain whose main job is to ensure the security of the whole network. All the features, both the existing ones from NXT, which will all be retained, and new ones, will run on the child chains, along with data and transactions that don’t affect security.

The first child chain on Ardor is Ignis. It’s being built by Jelurida itself and is in the middle of an ICO. While Ignis is an open, permissionless blockchain that anyone can use freely, Jelurida’s business model is selling software licenses and consulting services to corporations who want to build their own permissioned child chains.

Source

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  • Techworm.net – Is Nxt The Blockchain Company That Could Solve The Democratic Fatigue Syndrome?

Techworm.net wrote about the robust nature of the Nxt voting system and how it can easily be adopted by businesses and institutions for immutable and immediately secure online voting.

The decentralized nature of blockchain technology provides a potential solution to the voting problems described. Using blockchain as a system of voting can be adopted for the use of private businesses and other institutions as well. With the Nxt blockchain, voting is time-saving, paperless, immutable, immediate, and highly secure. It can even be done with a mobile application! Imagine being able to securely and safely vote in the next election from the comfort of your home!

Nxt, the Blockchain App

NXT is the most trustworthy solution offered today, as this blockchain tries to relieve the frustration we experience when voting, due to the inefficient system currently in place.

Source

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  • Pwc.fr – Du concept de la Blockchain à ses Applications Concrètes

French language piece about the blockchain space and how Nxt based platforms are particularly appealing.

ARDOR, annoncée pour 2017, prétend également supporter un volume important de transactions (7). Cependant le design de cette blockchain n’a pas encore été révélé.

Source

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  • Financemagnates – Community-Based Project Funding Platform Adel Joins Ardor Ecosystem

An update on Adel’s migration to the Ardor Ecosystem, from the Managing Director of Jelurida.

 

“After BitSwift last month, today we are very excited that Adel decided to join the growing Ardor ecosystem and we are confident that Ardor can provide a solid foundation for Adel’s projects and vision,” added Kristina Kalcheva, Managing Director of Jelurida. “Both Adel and Jelurida share the same goals of disruption and transformation within traditional industries and look forward to supporting each other.”

Source

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  • Is the Blockchain Going to Kill Most Middleware Solutions?

A hypothetical piece about the tremendous disruptive potential the blockchain.

 

Source

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  • The Wiring – NXT vs Ardor: Investor Perspective

TheWireMaster, an active member of the Nxt community, and admin at NxtFolks, as well as the composer of the heartfelt Ardor Love song, recently published an article titled “NXT vs Ardor: investor perspective” at TheWiring.com. The article explains, from an investor viewpoint, the values and solutions provided by Jelurida and how many more solutions are provided by when it comes to adding value to its decentralized ledger technologies Nxt and Ardor.

Source

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  • MrCluster87 – Ardor 2.0.3e Blockchain Platform Tutorial

Here is a helpful tutorial for those who are new, or who have forgotten, about how to use the upcoming Ardor client (currently on testnet). The video walks you through the functionality of Ardor and is similar to the Nxt client in many ways.

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PRICE EVOLUTION

  • TradingView – Bounce off the Ichimoku Cloud – NXT / Tether USD (POLONIEX: NXT/USDT)

Bounce off the cloud Buy: 0.080000 Stop-Loss: 0.037000 Take-Profit: 0.130000 / 0.180000

Source

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  • TradingView – LONG NXT Buy Signal

The price is in a good zone for buying. We have a price reversal from 0.060000 support level which was confirmed by RSI . MACD histogram confirms upward movement. We can place pending orders for buy at 0.080000 level. Stop orders must be placed below the local swing low and the support zone. It’s 0.037000 level. Profit targets are 0.130000 and 0.180000 levels. The small part of long positions can be left for the long run. Trade recommendations on Hacked.com: https://goo.gl/4K6zWv My Trading Signals for Cryptomarkets: https://t.me/dlavrov_tch Professional Cryptocurrency Trading Platform: https://goo.gl/CZJJTS Get a bonus! Broker for Cryptotrading: https://goo.gl/ErKn

Source

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  • TradingView – ARDR/BTC

The daily RSI , Rising Volume, Just made a good dip for a low buy, Long-term hold, a lot of recent hype, going o next fib lvl 0.00% , might retrace again to lowest support before taking-off, be ready with tight stop/loss and rebuy at lowest support

Source

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  • Finanzen.net –  US Dollar-NXT

Source

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  • Weekly NXT/ARDR Price Evolution

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

The following graphic shows the ARDR / Bitcoin exchange price at Poloniex over this past week:

Live stats from the Nxt Blockchain Asset Exchange:

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And that is all for this week, Nxters. Thank you.

Stay tuned next week for more up-to-date coverage of the Fourth Round of the IGNIS ICO, the launch of Ardor, ongoing projects, and much more. For those who cannot wait a week to learn more, visit our site. We will explain in more detail about Jelurida, Ignis, Ardor, and everything else that is pertinent to this great 100% PoS blockchain ecosystem.

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

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

Sign up for Nxt and Ardor email news here: https://nxter.org/newsletters

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

September 2017 (III)

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

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

NXT COMMUNITY

NXT AE

DEVELOPMENT

NXT IN THE MEDIA

PRICE EVOLUTION

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


NXT COMMUNITY

  • IGNIS ICO

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

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

PR about ICO Promotion

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

Source

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  • Token ICOs - Learnings from the Ignis ICO

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

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

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  • Ardor.World - Nxt Ardor Services

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

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

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

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

I added a link to the zip archive of the Nxt blockchain on the site.
https://www.ardor.world/nxt_blockchain/

Source

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  • Ardor vs. the Competition: NEM

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

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

Segfaultsteve introduced the series as such:

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

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

Daegalus - NEM fan

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

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  • Chinese Community - Riker is here 

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

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

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

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

She writes:

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

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

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

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

  • Preparing to Build My Blockchain

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  • Meetup in Zurich

Travin Keith announces:

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

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

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  • Jelurida will Attend "Blockchain Solutions Forum" in Barcelona

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

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

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

Introduced by: Roelof KramerDirector, BECON (Netherlands).

Source

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NXT AE

  • Adel - Status Update

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

They write:

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

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

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

http://www.ifin.io/

Upcoming Events

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

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

Follow Adel In Medium

 

More info

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  • Bitswift - Status Update

Bitswift updates us:

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

For the newbs:

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

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

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

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

 

More Info

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  • Janus - Status Update

bjorn_bb:

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

Withdraw your balance from ETCBets!

 

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  • Blockchainzoo - The New DeBuNe?

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

 

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

Learn more about Roberto and DeBuNe here:

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

More info

 

 

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DEVELOPMENT

  • Monopoly Game Powered by Nxt

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

btc2nxt, an early Nxt community member, writes:

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

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

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

Join the Thread

Github

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NXT IN THE MEDIA

  • Lior Yaffe in Medium - China Update #1 

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

He writes:

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

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

Source

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  • Lior Yaffe in Medium -  China Update #2

The second update on his week in China.

Rainy day in Shanghai

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

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

Source

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  • Lior Yaffe in Medium -  China Update #3

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

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

Source

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

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

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

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

Source

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

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

New Voting Mechanism For A More Honest Future

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

BNP Paribas’s Private Blockchain

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

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

Source

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

BNP Paribas is adopting a private Nxt based architecture.

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

Source

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PRICE EVOLUTION

  • TradingView - NXT

https://www.tradingview.com/chart/NXTUSDT/wfu9Rwn2-NXTUSDT-150-Profit/

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

https://www.tradingview.com/chart/NXTUSDT/aQAiLWy7-NXTUSDT-64-target-profit

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

(Back to the Index)

 

  • TradingView - Long ARDR rock bottom

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

Source

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  • Weekly NXT/ARDR Price Evolution

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

The following graphic shows the ARDR / Bitcoin exchange price at Poloniex over this past week:

Live stats from the Nxt Blockchain Asset Exchange:

(Back to the Index)

 

And that is all for this week, Nxters.

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

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

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

Nxt News – September 2017 (II): An Investment in Knowledge Always Pays the Best Interest

September 2017 (II)

 

Welcome again, fellow Nxters! The third round of the IGNIS ICO continues! Last week was a busy week with many mentions of Nxt / Ardor / Ignis on many platforms. Nxters are meeting up in China, Lior Yaffe has advice to dole out, a new version of the NRS client and more await in this issue. As always we welcome both our new and long time readers as we provide you with your go to source for comprehensive coverage of the blockchain space.

NXT COMMUNITY

NXT AE

DEVELOPMENT

NXT IN THE MEDIA

PRICE EVOLUTION

 

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


NXT COMMUNITY

  • IGNIS ICO

Round 3 of the IGNIS ICO is underway, and the first two batches have sold out. Interest is high in this ICO, and that is good news for Jelurida and the entire Nxt community. The third round of the IGNIS crowdsale is divided up into four offers of 25 M JLRDA each, all priced at 1 JLRDA for 0.76 NXT.

The IGNIS ICO is a public barometer of the public’s interest in the Nxt and Ardor Platforms. With Ardor due to launch in Q4 of this year, Jelurida needs to know how to split up their dev resources. The funding raised by Jelurida, which owns the IP for Nxt / Ardor / Ignis, is directly going towards actively developing the Nxt platform and Ardor ecosystem. So far Jelurida has procured enough funding to actively support Nxt for, at least, the next three years with a dedicated and staffed team.

Kristina from Jelurida promotes the ICO:

Kristina: The time schedule for the third IGNIS ICO round is now published on our website.

The second batch of Round 3 sold out within about an hour, which is a record – as all prior batches until now have been sold even before Jelurida’s sell order hit the blockchain! So if you gave up on placing buy orders because of the competition, now is a good time to give it another try.

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

Source

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  • Submit Your ArdorPlatform.org Revamp Proposals

We need your ideas! The ArdorPlatform website is a work-in-progress, and we need community support to improve it. To all of you who have messaged us about the website mentioned above, we are willing to review and pay for your help enacting the approved proposals. We know there is community interest.

For all of the talented developers and designers out there in our audience, reach out to Travin, our marketing director by this coming Friday, Sept 15th.

Travin outlines the requests and submission formats below:

Website Details

Purpose: To provide an informative website for businesses, organizations, and project leaders to familiarize themselves about Ardor to help them make a decision on which blockchain platform to use for their needs.

Content Requirements

  • Front page with general overview
  • Page going over how child chains work (pruning, bundling, etc.)
  • Page going over the features available to child chains
  • Sub-pages going over each feature
  • Special page going over the benefits of using an asset created on Ardor
  • Page going over information useful for users
  • Blog-style page going over the latest non-experimental version
  • Download page including information on navigating the client
  • Contact page with a form for formal inquiries and social media/community link

Proposal Content

In your proposal, please include:

  • Portfolio of previous work
  • Team information and respective backgrounds
  • Rough drafts (can be sketched) of page layouts
  • Budget request in EUR (payable in crypto) and time frame

Ardor Media Kit and Style Guide: https://mega.nz/#!kDhBhSiD!6_hqMf8hv5ByiChLt3ZnfLDO2B_TYjVve9Va-c1PPgc

Proposals should be sent to travin@nxtfoundation.io.

The deadline for submitting proposals is Friday September 15th at 00:00 UTC. 

We are counting on you Nxters! No idea is bad, we accept and will consider any and all proposals submitted. Help us provide the best possible platform for Ardor!

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  • ICO-trackers.com – IGNIS ICO Mentioned

Blockchain tokens are valued at hundreds of billions of dollars across world wide exchanges. News of the IGNIS ICO continues to grow and spread. We appreciate the coverage – all news is good news.

They write:

“IGNIS: Interchain solution.

Jelurida is developing its next generation scalable blockchain platform – Ardor, currently running on a testnet. The unique design of this platform allows the simultaneous existence of multiple blockchains, known as child chains, with many features and with their security guaranteed on a global level by the parent Ardor chain. The first child chain of Ardor will be the Ignis child chain which will use IGNIS tokens for its operation. All existing and well tested Nxt blockchain features will be available on the Ignis child chain, with multiple Ardor platform specific enhancements being added.This project is not easy, has a very strong team who already did the Ardor and NXT. You can see all the hype and potential success of this ICO in mass media.

Their third ICO has 5 windows, two already passed and you can take part in the third!

Go and check the website! ”

Source

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  • Megalodon – “The End of  the Forging Bounty Lottery Campaign”

Bad news Nxters, Megalodon is suspending his support of the Lucky Node Lottery Campaign, created by Lurker10.

Megalodon writes:

In June 2016, I launched this forging bounty program with objectives as stated in my message in tx 14808946007017009714 and my post https://nxtforum.org/general-discussion/5-million-nxt-bounty-for-nxt-ardor-forgers/msg220081/#msg220081

I planned to run the bounty “until the Forging Bootstrapper account is empty” and to continue with the Ardor balance after Ardor chain is launched.


In July 2017, I paused the forging bounty program for reason stated in this post https://nxtforum.org/general-discussion/if-you-do-not-forge-nxt-dies/msg233547/#msg233547

However, I continued to fund the Lucky Node Lottery program initiated by Lurker10, although it was not originally part of the bounty program.

I have now decided to stop funding the Lucky Node Lottery program 30 days from today and to permanently terminate the forging bounty program.

I realise that by doing so, I’ll be failing to honour my original pledge, something I really dislike. I have been thinking about this for several months, but now feel compelled to do so due to changes I’ve observed in the Nxt ecosystem over the past 14 months since the launch of this program.
I also realise that there may be some among you who have committed resources to participate in this program, and my decision to prematurely terminate it may cause you some loss, even with a 1 month notice. If this is the case, please PM me with details & justification and I’ll consider offering you a reasonable compensation.To everyone else, thanks for your participation and please accept my apologies over this decision.

Goodbye… Megalodon going into extinction the second time.

Source

More Information

(Back to the Index)

 

  • Ardor vs. the Competition

Segfaulsteve wrote a wonderful and detailed account of Ardor and the many advantages it has over the competition. This first post in a new article series highlights the technological supremacy Ardor over other competing technologies and this first installment talks about the LISK blockchain and the functionality provided by it.

Segfaultsteve introduces the series:

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

Ardor vs. the Competition, Pt. 1: Lisk

(Back to the Index)

 

  • Chinese Community – Nxters are Organizing a Meetup in Shanghai

For all of our Chinese readers, there is an upcoming Meetup in Shanghai about the potential of the blockchain, specifically the solutions provided by Ardor. The security of the Nxt voting system will be one of the main topics of interest for the night. The Chinese have long wanted a member of Jelurida to visit, and Lior Yaffe will be the keynote speaker! Space will be limited so sign up early to make sure that you can come.

  • Nxt Voting System 

Promotional video explaining a use case for the Nxt voting system in Chinese.

 

  • Lior Yaffe will be there

Hooray!

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  • Capodieci – NxtWiki Hosting Migration

Blockchain expert Roberto Capodieci, partner of the Nxt Foundation, CEO of DeBuNe, and founder of TheSoundKey and Go.Notifile.me has made the following announcement about the Nxt Wiki:

Roberto is involved in the Nxt community – since the beginning, devoting not only a lot of efforts to it during all this time but also money from his funds, such is the case with the hosting of the NxtWiki for all the community. We are extremely fortunate to have him around. Thanks, Roberto, we appreciate it!

Capodieci also wrote an interesting chapter for the first book about Nxt (Snapshot, Nxt – Unsurpassable Blockchain Solutions) called NXT – A REVOLUTIONARY TOOL FOR BUSINESSES, where he explains how an incredible tool Nxt’s blockchain can become for business.

(Back to the Index)

 

NXT AE

  • Janus – Status Update

Janus is busy working behind the scenes. They are building the websites indicated on their roadmap.

Janus announced:

Bjorn further informs the community:

bjorn_bb [11:42 PM]
Some things from my part will be coming out but in stages that will eventually connect to Trademimic. Fairly soon if things go as planned, keep the faith we are following through with operations on a budget that is 1/50th of most startups.

This sometimes requires creativity in work, such as Bjorn learning minor programming skills and the rest of the team has to take on roles we needed but had to do ourselves. Don’t lose faith yet, it’s not over till I’m dead.

Expect the unexpected though, expect changes.

Withdraw your balance from ETCBets!

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

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  • Adel – Status Update

Adel had a busy week, with Gabriel Dusil speaking about start-up incubation in blockchain communities at the Blockchain Conference last week. Adel also announced a new event they will present at an upcoming event.

Join the new Adel Bitcointalk thread! ADEL ▲ 1st AML-CTF-KYC Compliant Digital Currency Ecosystem ▲ $ADL

New event confirmed where Adel would be presented.

Follow Adel In Medium

 

More info

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  • Bitswift – Status Update

A friendly reminder – the Bitswift token swap is still ongoing. Manual claiming instructions included on bitswift.press. Make sure your assets have migrated to the Nxt platform.

 

Source

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DEVELOPMENT

  • NRS Update – Version 1.11.9

A new update is available for the NRS client – V1.11.9.  This is the latest and most secure and stable NRS client, and for those who want to continue to participate in the IGNIS ICO, we suggest that you upgrade.

Changes are as follows:

Change log:

Performance optimizations of derived table trimming and pruning, should fix the issues some nodes encounter with these database operations taking too long.

Other minor bugfixes.

Updated Android client app

Android app https://bitbucket.org/Jelurida/nxt/downloads/nxt-client-1.11.9.apk
sha256 – 1997d7c5865271d899cebe8fe4f6e96e830420392e1a09967c0a3cb0a2bcd1ee

Download the Client

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  • Weekly Reminder – Scam Alert

One of the scariest factors of decentralized platforms is that there are individuals who use it as a means to defraud people. There are no authorities vetting the claims made by anyone. Trust the veteran community and research the account and token ID’s of anyone before you make a transaction. Be careful guys; we continue to raise awareness. Read the following threads in order educate yourselves and prevent the latest scams from affecting you!

  1. Tutorial: Nxt Asset Exchange
  2. SCAM ALERT: JRLDA is NOT JLRDA
  3. Beware of Fake ARDR Assets on #NxtAE

Riker reminds us:

Scam alert
Only buy the JLRDA token using the “IGNIS Token Sale” page in the official wallet.

Do not buy any other currency, asset or marketplace goods pretending to represent the Ignis token. These are all scam entities which will make you lose your NXT.

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NXT IN THE MEDIA

  • Lior Yaffe in Medium – Thoughts about Blockchain Development

Lior himself provides his thoughts about the growing blockchain space and the importance of embracing and supporting this technology now and in the future.

Source

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  • Lior Yaffe in Medium – Using Nxt as Crowdfunding Platform

Man, Lior is busy these days. Between developing for Nxt / Ardor / Ignis and traveling to China, he finds the time to write about the many uses of the Nxt platform. This post is about the crowdfunding aspect of Nxt.

Summary

The Nxt blockchain provides several simple, robust and secure crowdfunding models which do not require the implementation of complex smart contracts or complex web site back-end and considerably reduces the security risks.

Source

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  • Lior Yaffe in Medium – ICO Pruning “The Ultimate Guide to ICO Selection”

Lior wrote about the need to be prudent in your ICO investment, not all platforms and technologies are created equally well. Make sure that any offer you want to invest in is researched before you give them your hard earned money.

He explains:

To summarize, ICO represents a very attractive option to raise funds for both the entrepreneurs and small investors. However investors are urged to use caution when evaluating ICO offerings and only invest in those offerings which represent real technological breakthrough and pragmatic solutions to real problems.

Source

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  • Lior Yaffe in Medium – Blockchain Based Voting

News flash! Voting is important – and ensuring the integrity of a vote is of vital importance if you want to maintain the trust and support of the voting public. The Nxt platform is an excellent means to provide a secure and reliable vote, from the ID and registration process, all the way down to counting the ballots at the end.

In this article, Lior explains blockchain distributed platform voting.

Source

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  • Lior Yaffe in Medium – Blockchain and Digital Signatures

If voting is the key to maintaining the trust IRL, on “the internets” – or as it is widely known, “a series of tubes” – digital security is essential. Encryption is key to providing digital signatures for verifying identities and establishing trust. The blockchain is inherently secure, and Lior has worked with governments and universities while developing the Ardor and Nxt platforms on these very issues.

He writes:

 

Connecting your government issued ID card with your NXT account can be accomplished using account properties and information can be encrypted when necessary using encrypted messages. Furthermore, specific encrypted messages can be shared securely with a 3rd party. All this functionality is available out of the box using public APIs based on Http and JSON.

Using Nxt (and in the near future Ardor), you can receive the PDF document by email, hash it and send the hash using a message transaction back to the issuer to provide a signature proof which is impossible to counterfeit (as long as you keep your passphrase secured). You can even submit the document itself to the blockchain to store it as a data cloud prunable attachment or as a message attachment.

More complex procedures like multi-signatures can be accomplished using phased transactions which provides a list of required signers in order to authorize a transaction.

In fact, Jelurida the company developing the Nxt and Ardor blockchain platforms will be cooperating with governments and universities to make this vision a reality.

Source

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  • Gabriel Francesch In Medium – Explain Ardor to me Like I am 5

Gabriel Francesch, a partner at Coinerz Group, founder at Kotoba Translation and NXT Foundation supporter, wrote this interesting and informative article on Medium:

…the Ardor platform is much more than a cryptocurrency. It is a platform that will become the backbone of a powerful ecosystem, including a large number of assets, currencies, and most importantly child chains…

Source

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  • HuffingtonPost – Blockchain is Here, And You Can’t Ignore It Anymore…Even If You Don’t Really Get It

Blockchains and the crypto space are going mainstream. HuffPost will write a series about the growing importance and influence of blockchains and how they will shape life, business and even governments in the immediate future.

Nxt and Ardor both have many benefits over their competitors. In fact, companies such as BNP Paribas and Accenture have already recognized the potential of these blockchains and are implementing them accordingly.

Source

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  • BTC38 – Covering the news of BNP Paribas and NXT Blockchain Kit

BTC38, China’s most famous exchange, has relaunched two articles covering the news of BNP Paribas and NXT Blockchain Creation Kit on its blog. Articles in Chinese, click the pics to get the link.

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PRICE EVOLUTION

  • TradingView – Ardor, Where Technicals and Fundamentals Meet 1 B Potential Cap

Source

dbt1033 follows up on Bitcointalk by giving the following trading advice to his followers:

Follow the Thread

It kills me to see that people are investing precious bitcoin with so little patience.

I often see this with new investors… fomo all-in on one coin because a bunch of noobs are talking about it (good sign it’s top), then sell for a loss to fomo a lesser all-in on another.

The key to success in this game is patience.

Find good projects. Then find a good place to buy them. Then wait.

I like spreading my bets around… so I do serious research to determine how much of my portfolio I want a particular asset to represent.

For example: Ardr is a really serious project with a really serious team. It’s on several big exchanges / therefore pretty liquid. I might be ok having a bag that represents 15-20% of my portfolio on something like this. Other coins that don’t meet these criteria (they might be really ambitious but with unproven dev team… or maybe they just aren’t that liquid) might be a good pick to represent 3-5% of your portfolio.

I understand that a lot of times, when you are new… you don’t have much to play with.

If this is you (no shame, we all start somewhere), pick two projects… join the slacks so you know what’s going on. Follow twitter posts about the projects. Read the forums. This will help you judge sentiment.
Make sure to buy at a good time to minimize a drawdown….. you can take a free trading course at www.babypips.com to help you realize what is a good buy and what isn’t.

When you have entered 1-2 projects, hold on for dear life. Fight the temptation to sell for a loss (unless you really fucked up with your buy… but I’m sure you will make a few mistakes along the way.)

There is a lot of hype in crypto. Do not fall into the cycle of chasing hype. You want to buy projects BEFORE everyone else is talking about them, not AFTER. If everyone and their mother is talking about something, it’s likely too late.

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  • TradingView – NXT Q4 Technical Analysis

First of all, NXT in Q4 has lots of positive sentiments that will result in an increase of overall value. Of course, for any coins to go up in value we must have stability (No BTC drama, ICO 12.50% bans) in the market. Since upcoming news aren't really NXT news, we can expect proportional upward momentum as Ardor makes headline and rise in price exponentially.
First of all, NXT in Q4 has lots of positive sentiments that will increase overall value. Of course, for any coins to go up in value we must have stability (No BTC drama, ICO 12.50% bans) in the market. Since upcoming news isn’t NXT news, we can expect proportional upward momentum as Ardor makes headlines and rise in price exponentially. To explain Ardor, it is a complimentary token to NXT which allows all its child-chains to utilize NXT technology. Therefore we can pair them both up when there’s a price movement.

https://www.nxter.org/nxt-news-september-2017-i/ <—— More information on NXT, Ardor and Ardor’s Childchain.
https://www.jelurida.com/ico <——- Jelurida ICO 12.50% sale dates and price.

Source

(Back to the Index)

 

  • Weekly NXT/ARDR Price Evolution

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

The following graphic shows the ARDR / Bitcoin exchange price at Poloniex over this past week:

 

Live stats from the Nxt Blockchain Asset Exchange:

(Back to the Index)

 

And that is all for this week, Nxters.

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

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

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

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NXT Market Report: 10 November 2014

Welcome to this week’s market report. It was again a rather unspectacular week – NXT tried a few times to overtake DOGE but didn’t make it in the end. During the last week NXT’s market capitalization increased by 5.1% whereas Bitcoin’s gained by 10.5%. The average daily volume was about USD 40’000. Happily the number of different NXT trading pairs with a volume above USD 1’000 is back up to 7 again.

Largely as a result of the market making bot of coinomat becoming operational, the NXT Multigateway trading volume has increased significantly, which is warmly welcomed. We are now looking forward to the production servers going into operation and the Multigateway running smoothly. That should be the case within the next few days! It is time to move from centralization to decentralization!

NXT Asset Exchange has reached 50’000 trades

The NXT Asset Exchange has reached 50k trades in the last days – amazing! Once again the NXT AE shows its competitors that it is the number one! The key comparators are:

Of the 33 assets currently listed on coinmarketcap.com: 24 are traded on NXT AE, 4 on Counterparty’s AE, 3 on BitShares’ AE and 2 on MasterXchange. That’s what I call dominance.

Average daily trading volume: on the NXT AE it’s about USD 20’000, on Counterparty’s AE it’s below USD 1’000, on BitShares’ AE it’s approximately USD 5’000 and on the MasterXchange around USD 6’000.

Total capitalizations of the listed assets: USD 13’225’000 for NXT, USD 2’248’000 for Counterparty, USD 1’020’000 for BitShares and USD 11’790’000 for MasterXchange.

I think it is legitimate to say that the NXT Asset Exchange is very clearly the market leader!

What’s going on in the NXT Asset Exchange?

Coinomat: We’re not going to talk about the gain in price since the launch of the coinomat asset, except to say that it has been astronomic. Instead, today we’ll just have a quick  look at its dividends and what the future looks like for coinomat. Over the last few days the trading volume has started to increase strongly, which is warmly welcomed by all investors. With the launch of SuperNET these figures should further increase since coinomat will be an important part of SuperNET. The downside is that only 1.5% of the profits are distributed among the asset holders.

—————–

This market report is for general information and news purposes only. It does not take into account the reader’s personal circumstances, objectives or attitude towards risk. It is not (and is not intended to be) any form of advice, recommendation, representation, or endorsement by the author or the web site owner and should not be relied upon when making (or refraining from making) any investment decision.

NXT Market Report: 3 November 2014

Welcome to this week’s market report. We’ll start by having a look at last week’s price development: NXT decreased in price by 12.8% whereas Bitcoin declined by 7.1%. The trading volume has been stable on a low level with an average of about USD 40’000 mainly traded on Bter, hitbtc and BTC38, which is a little bit disappointing but not surprising. The week’s peak of USD 95’000 was reached on 31 October.

Nevertheless there is plenty of good news: The upcoming launch of NRS 1.4, which will include the monetary system and probably the voting system as well; the successful launch of Nxtty (which has already had a nice effect on the amount of transactions and the number of newly created accounts) and James writing code without pause in order to get SuperNET up and running as fast as possible. We therefore have some good reasons to stay positive about the development and the price of NXT!

source: coinmarketcap.com

Get published. Get paid – The first period has come to an end

October is over and the the first period’s accounts have been published. We are proud to announce a dividend of 0.024826 NXT per NXTP. The amount available for distribution was affected by the payment back of loans to apenzl of about 9’334 NXT and we therefore expect next month’s dividend to be bigger. If you’d like the opportunity of getting paid for your NXT- related news or views, go ahead and submit your contribution to nxter.org! For more information on how to do so, read our guide.

neoDICE to go into public beta within the next days

neoDICE, the fair betting game similar to the legendary satoshiDice, will be going into public beta within the next few days according to the developer, hash. The project is slightly behind schedule but is widely expected to be a huge success when released:

Mid. October:                         Beta testing starts.

Beginning of November Release of the game on the mainnet, playable via NXT client and SuperNET GUI.

Mid. November                     Release of neoDICE plugin for NXT client and SuperNET GUI.

Mid. December                      Release of the neoDICE website, allowing gameplay without NXT client.

For more information about this project read: NXT Market Report 29 September and NXT Market Report 15 September.

What’s going on in the NXT Asset Exchange?

NEMstake: after the announcement of the NEM Beta client, NEMstake saw a huge rise in price up to 45’000 NXT per stake but has now fallen back to about 38’000 NXT. For a detailed explanation of the redemption process for NEMstake asset owners on the NXT Asset Exchange, read this message on the NEMcoin forum.

In summary:

  1. using the NEM Beta client, create a real NEM address and save the address, the public key and the private key in a secure place – if you lose your private key, you lose your NEM.
  2. Send your NEMstake asset to NXT-97MX-EWKV-CGKX-DA5WH including an unencrypted message containing just the NEM account address which you created in step 1.

You will find another guide to the NEMstake redemption process in the nxtforum as well. Make sure to redeem your stake as soon as possible.

The deadline to redeem your NEMstake asset at the rate of 1 asset for 1,000,000 NEM is the 22 November – the longer you wait after that, the less NEM per NEMstake asset you will receive:

After 22 November, redemption will be possible for a further 3 months. However, during this period the amount of NEM per redeemed NEMstake will be reduced as follows.

  • during the 1st month after 22 November: 1 NEM stake = 750 000 NEM.
  • during the 2nd month after 22 November: 1 NEM stake = 500 000 NEM.
  • during the 3rd month after 22 November: 1 NEM stake = 250 000 NEM.

Once the 3 months are over, any remaining NEMstakes will not longer be redeemable.

Various possibilities as to how the unclaimed NEM would be used (including for example redistribution to NEM holders, sending to genesis, ecosystem development) are currently under discussion here.

I hope you enjoyed a good read – please leave your feedback here!

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This market report is for general information and news purposes only. It does not take into account the reader’s personal circumstances, objectives or attitude towards risk. It is not (and is not intended to be) any form of advice, recommendation, representation, or endorsement by the author or the web site owner and should not be relied upon when making (or refraining from making) any investment decision.

NXT Market Report: 27 October 2014

Welcome to this week’s market report. It won’t be a long one since the last few days have been lacking action, as reflected in the market capitalization and the trading volume (source: coinmarketcap.com). NXT’s market capitalization decreased by 1.5% with an average daily trading volume of about USD 50’000 with a peak at USD 90’000 (24 October). During the same period, Bitcoin lost about 7% in term of market capitalization. The NXT/BTC pair is stable at around 6000 satoshis with a strong buy support at 5980 satoshis. The sell pressure has increased  slightly compared to last week – there are sell orders of approximately 400’000 NXT up to 6600 satoshis. (source: cryptocoincharts.info).

coinmarketcap 27102014source: coinmarketcap.com

What’s going on in the NXT Asset Exchange?

Nxttycoin: Mission accomplished! Nxtty has finally submitted its app to the Google Play Store. The price has already experienced a small rise to 0.14 NXT per asset on a big trading volume (see coinmarketcap.com). Their facebook page has almost 50’000 likes and the promotional work behind the scenes is excellent. An iOS as well as a desktop version of Nxtty will follow in the next few weeks! Remember: The first 100’000 users receive 2’500 Nxttycoins each so tell your friends about it!

DORCS: By buying DORCS asset you invest in the very first cryptocurrency MMO (Massively Multiplayer Online Game) called ‘Lyth’ (formerly known as Lith). Lyth will be an Emergent Trade Game on the Nxt Blockchain:

Gameplay:
Lyth gameplay will for the most part be decided by a player driven economy. The game is designed to sustain “emergent” gameplay in which everyone can be caught by surprise at the direction the game will take. Players interact in an immersive sandbox, where they can create their own paths and realities. They can harvest natural resources, use skills to create goods, offer services, and use strengths and powers to influence other players and the world around. Violence and politics are never far behind, but the economy will be the most powerful force, affecting warlords, farmers, and everyone in between.

Trade:
Game resources will be freely tradeable on an open market, allowing in demand items to find their natural prices, and letting players develop markets as needed. Create trade networks, with all associated risks and chances for arbitrage. Lith will take full advantage of the possibilities that Nxt offers. (source: nxtforum.org).

On 23 October they announced a new sell wall to raise more capital. DORCS is a long-term investment – they haven’t reached the Alpha yet. You can have a look at the latest build of the game here. For further information you can also visit their official homepage www.lythmmo.com.

I hope you enjoyed this week’s Market Report – see you next week!

———

This market report is for general information and news purposes only. It does not take into account the reader’s personal circumstances, objectives or attitude towards risk. It is not (and is not intended to be) any form of advice, recommendation, representation, or endorsement by the author or the web site owner and should not be relied upon when making (or refraining from making) any investment decision.

NXT Market Report: 13 October 2014

Welcome to this week’s market report. To be honest, there aren’t that many new topics to write about. The last few days have been quite calm and unspectacular following the recent Bitcoin price crash. The market has recovered reasonably well since the last market report and we are now seeing the price up by 15.5% from its low, whereas during the same period NXT has lost another 2.2% in terms of market capitalization: the NXT/BTC price decreasing from 7500 satoshis to 6300. Unfortunately the trading volume hasn’t increased in line with expectations – during the week, daily volume averaged at USD 50’000 with a peak at USD 110’000 (10 October).

coinmarketcap 13102014source: coinmarketcap.com

NXT AE: the biggest decentralized Asset Exchange by far

Since its launch in Mid May, the NXT Asset Exchange has been proving its functionality day by day. 325 different assets are now listed on the exchange, of which several dozen are promising. Possible reasons for the Exchange’s popularity include the potential to earn dividends, the opportunity to acquire assets that increase in value and the ground-breaking nature of the idea itself.

The Nxt Asset Exchange is already by far the biggest one out there in the crypto world and is steadily growing; its average daily trading volume is equivalent to about USD 50’000 (source: mynxt.info). To date, the largest daily traded volume occurred on 6 September, the day the SuperNET ICO started, when an incredible 23.6m NXT worth of assets was traded, equivalent to about USD 560’000 at today’s rates. Neither the MasterXchange nor the Counterparty DEX have comparable figures.

What’s going on in the NXT Asset Exchange?

FunBot: The FunBotV1 trading bot has now been live for 2 weeks and so far has been working well. The dividends are paid exactly on time and the transparency is fine. The issuer has announced the creation of FunBotV2 within the next 6 weeks (see post #185). While FunBotV1 is a full automated trading bot which exploits arbitrage opportunities the FunBotV2 is a thinker using advanced technical analysis and therefore invests more for the long term. FunBotV2 will be tested over the next days and go live in the next 4 weeks.

Altcoinherald: Altcoinherald announced its IPO some time ago (2 September) and has already raised about 530’000 NXT for further development of their crypto news site. The asset is interesting because of the soon-to-be-paid first dividend (1 November), the qualification for which is owning the asset on October 15, 2014.

Based on this, we’re forecasting that our first dividend payment – issued every 2 weeks beginning November 1, 2014 – will roughly be around $555.00 – divided proportionally to all shareholders of record as of October 15, 2014. (source: nxtforum.org, post #69)

Calculated at today’s rates and with 530’000 sold shares that will be 0.04 NXT/share. That’s 4% per month or 48% per year – a so called dividend bonanza!

Thanks for reading and don’t forget to leave your feedback at nxtforum.org.

This market report is for general information and news purposes only. It does not take into account the reader’s personal circumstances, objectives or attitude towards risk. It is not (and is not intended to be) any form of advice, recommendation, representation, or endorsement by the author or the web site owner and should not be relied upon when making (or refraining from making) any investment decision.

NXT Market Report: 6 October 2014

 

Welcome to this week’s market report. The last seven days have been spectacular and very interesting. We’ve seen a massive decrease in the price of Bitcoin and, at the same time, the launch of a number of promising NXT projects. As usual we start the report by comparing market capitalizations. NXT has declined in price by 13.9% whereas Bitcoin has fallen by 14.6% – overall the price of NXT remains stable, which is obviously nice (NXT is probably the most stable crypto currency out there). In contrast Bitcoin’s price decline continued down to USD 290 each (source: bitcoinaverage.com). According to rumor, the market is being manipulated by the Chinese exchanges OKCoin, Huobi and BTC China. In essence, they are using trading bots to buy and sell ‘fake’ Bitcoins introduced by the exchanges themselves. This idea is especially plausible because none of the three exchanges  charge a fee for the trading itself, which makes a lot of people wonder how they can still be profitable. Read more here about Bitcoin’s price decline.

coinmarketcap 06102014source: coinmarketcap.com

Jinn Labs launches its asset using, for  the first time ever on the NXT Asset Exchange, a dutch auction

Jinn Labs, a project founded by Come-from-Beyond, Uniqueorn and wesleyh organized the first ever dutch auction on the NXT Asset Exchange for their public offering (see ANN thread). In a dutch auction the investor places a buy order at the price he’s prepared to pay for a share. At the end of the auction, bids are filled from the highest bid price down until the desired amount has been raised. The last bid order to be filled determines the price for all other participants so that everyone pays the same amount per share. To ensure fairness, the seller does not disclose in advance when he is going to place his sell order. After the auction Jinn Labs reimbursed the investors who paid a higher bid than the final 85 NXT per share.

Jinn has already been in development for several months behind the scenes and has now gone public in order to raise capital for further investments. Jinn is expected to be fully developed Q4 2015. But what, in fact, is Jinn?

Jinn is a general purpose processor based on ternary logic with hardware support for distributed computing. This project also includes the Jiniri Limited (single-node) and Jiniri Unlimited (multi-node) emulators, in addition we are creating a monetized proof-of-concept game. (quoted from jinnlabs.com)

Jinn’s asset has great potential – the token started at the IPO price of 85 NXT per share and is now trading at around 250 NXT. The token only represents a share of the profits, which is paid as a dividend on the first day of every month. The team working on Jinn is very talented and has been consistently delivering solid work ever since NXT was launched nearly a year ago. Furthermore the Jinn project is well organized with a clear way of communication and a realistic timeline.

Launch of two rating services

During the last week two new rating services have been launched.

NXTinspect

NXTinspect was founded by whalejefdiesel and chanc3r. They are offering asset reviews, due diligence on asset issuers, research work and escrow services. The IPO was sold out within a few minutes due to two big investors who bought up all the offered shares. Luckily one of those was jl777, who distributed a good chunk of his NXTinspect as SuperNET and NXTventure dividends. The proportion in which owners of SuperNET and NXTventure received NXTinspect assets was 1:16. In total 1’000’000 NXTinspect assets have been issued of which 40% will belong to the founders and 60% will be sold as IPO shares at 1 Nxt in two batches. As already stated the first tranche is sold out.

Kongzi News Service

Kongzi News Service, issued by printshop (who already manages KPS), announced its launch 4 days after that of NXTinspect.

Details regarding the nature of the KNS service and the structure of its IPO can be found here: nxtforum, post #49.

As can, starting with the opening post of that thread, the considered opinions of KNS and NXTinspect about the other’s service.

I myself do not express any opinion about the respective merits of the two services except to say that they offer a genuine choice for consumers and that is all to the good: competition drives excellence!

What’s going on in the Asset Exchange?

FunBotV1: The asset FunBotV1 represents a full automated trading bot, which exploits arbitrage opportunities on Bter, CryptsyPoloniex and SecureAE. Additionally the bot includes a market making logic on all four exchanges. The asset issuer aims at 8-10% profit per month of which 70% is distributed among FunBotV1 asset holders. The other 30% will be distributed among the holders of the asset FunBotReve

While FunBotV1 represents 1 NXT in the bankroll used by the trading bot, FunBotReve only represents the value of the upcoming dividends. The asset issuer FunBot is already working on a FunBotV2 (see post #198). This will be represented by an asset similar to FunBotV1, which will receive 70% of the profit, the other 30% to be distributed among the holders of the FunBotReve asset, which explains why, in the 2 days following the announcement, there was a 40% increase in price.

Thanks for reading the NXT Market Report – please leave your feedback in the nxtforum.org.

This market report is for general information and news purposes only. It does not take into account the reader’s personal circumstances, objectives or attitude towards risk. It is not (and is not intended to be) any form of advice, recommendation, representation, or endorsement by the author or the web site owner and should not be relied upon when making (or refraining from making) any investment decision.

 

NXT Market Report: 29 September 2014

Welcome to this week’s market report. Another calm week for NXT – total market capitalization has declined by 6.9% whereas Bitcoin’s total value decreased by 5.1%, meaning that NXT’s price has remained almost stable. On coinmarketcap.com we are now #6, after Dogecoin, which is still performing very well after the announcement of the merged mining with Litecoin. By contrast, Peercoin (currently at #7) has been taking quite a hit – NuBits not having measured up to market expectations.

NXT’s daily trading volume during last week averaged around USD 60’000, approximately half the trading volume of the week before. I don’t expect the volume to increase strongly in the next few days since there are no imminent announcements of big projects expected.

coinmarketcap 29092014source: coinmarketcap.com

News about the Multigateway

James announced that he will shut down his development server for the Multigateway by next weekend since the user support he is still having to provide is taking up too much of his time and therefore slowing him down completing the coding for SuperNET. Fortunately the production servers’ team reported that 2 of the 3 servers are ready and they are now only waiting for their new member coinomat.  According to Frohike all 3 servers should be up and running by next weekend:

The various wallets are set up on the first two members already some time ago. The triplet is now waiting for the third one but I have trust that they will deliver it and then we can start the processes and if necessary troubleshoot the setup. In the mean time I’m investigating the wallets, ports used, setting the permissions and so on.

If all goes well, the triplet is up and running next weekend. If things go wrong and we need to troubleshoot things, we will get all the help from James and eventually others who are able to help. We need to get things up and running.

Launch of Coin Market App

Coin Market App is available in Google Play as of today and NXT is included in the first seven supported coins. Coin Market App will give details of the crypto coins’ market capitalizations, trading volumes as well as real-time news. The app is the ideal way to keep track of your favorite coins!

What’s going on in the Asset Exchange?

NeoDICE: (NxtReporting) is the fair betting game which jl777 and hash created with the knowledge purchased from Come-from-Beyond about how to process unconfirmed transactions (for more information and links about this, read the 15 September Market Report).

The entire NeoDICE betting history is stored in the NXT blockchain to ensure the game’s fairness and every day the previous day’s secret, which is used to determine the winner of a gambling round, is published. The asset won’t be offered on the Asset Exchange through jl777, instead the distribution will be as follows:

  • 5% NXTventure dividend
  • 5% superNET dividend
  • 45% to developers and maintainers
  • 40% Privatebet
  • 5% JLH

Feel free to leave your feedback in the NXT Market Report thread – have a good read!

This market report is for general information and news purposes only. It does not take into account the reader’s personal circumstances, objectives or attitude towards risk. It is not (and is not intended to be) any form of advice, recommendation, representation, or endorsement by the author or the web site owner and should not be relied upon when making (or refraining from making) any investment decision.

NXT Market Report: 22 September 2014

Market Cap

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

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

coinmarketcap_22092014

Source: coinmarketcap.com

Status of the superNET ICO

Read also: superNET ICO ends

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

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

What’s going on in the Asset Exchange?

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

sharkfund0: These are the current holdings:

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

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

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

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

This market report is for general information and news purposes only. It does not take into account the reader’s personal circumstances, objectives or attitude towards risk. It is not (and is not intended to be) any form of advice, recommendation, representation, or endorsement by the author or the web site owner and should not be relied upon when making (or refraining from making) any investment decision.

NXT Market Report: 15 September 2014

Market Cap

Welcome to this week’s market report. Reviewing what’s been happening in the last few days is a real pleasure. At the time of writing NXT may have gained ‘only’ 1% in price but during the course of the week (12 September) NXT was valued at USD 43.2m and therefore reached its highest price since the beginning of August.

This increase in price is one consequence of the superNET ICO.

A second effect of the “ICO”, and probably even more important, was the significant increase in the trading volume with a peak at USD 250’000. Since the superNET ICO will last for at least another week we can expect a steady volume at around USD 100’000 – 150’000 for the next week and will probably see another rise in value.

In my last market report I pointed out the increasing ascendancy of NXT and this fact hasn’t changed. There are 9 NXT  trading pairs on 7 different exchanges with a daily trading volume of more than USD 1’000. If we also take the Multigateway into consideration, the number of exchanges with a decently filled order book rises to 8!

coinmarketcap 14092014
Source: coinmarketcap.com

Status of the superNET ICO

The superNET ICO had a very successful start – within 2 hours jl777 raised funds valued at USD 1m! Since then, the fund raising has slowed down quite a bit but the funds are still flowing in steadily. A number of investors have indicated that they will be buying (more) tokens towards the end of the ICO period in the expectation of higher Nxt prices: because the token is priced in BTC, the Nxt price of the token on the Asset Exchange decreases with a rising NXT price. As of 13 September 14:00:01 GMT jl777 sold 438’214 tokens and raised the following amounts:

Also read: ON TOP OF NXT: Meet James

  • 1’039.51 BTC
  • 35’941’407.98 NXT (@ 0.000079 BTC/NXT)
  • 18’256.01 BTCD (@0.0132 BTC/BTCD)
  • 621’425.55 CNY (@ 2907.5 BTC/CNY)
  • 5’403 VIA (@ 0.00035055 BTC/VIA)

Converted into BTC, as at the exchange rates for 14 September 2014, the above figures produce a total of 4335.47 Bitcoins! 

What is CoinEvolve.com?

We are happy to welcome CoinEvolve.com to the Nxt Community. CoinEvolve.com develops projects for crypto currencies and has already finished two: CryptoHire.com and CoinGigs.com. You can get more information about these projects in their announcement thread on nxtforum.org.

CoinEvolve.com announced their IPO on the NXT Asset Exchange on 4 September 2014.  Initially there wasn’t really a lot of interest in their IPO asset EVOLVE since the offered product is new to the community and there was no immediate expectation of significant earning potential, at least in the short term. Then, on 13 September jl777 announced a partnership between SuperNET and CoinEvolve.com.

This announcement resulted in panic buying on the Asset Exchange – within 6 hours the offered IPO shares at 0.6 NXT were sold out and the market price sky rocketed to 3 NXT each. CoinEvolve.com decided to issue a second asset called EVOLVE2 on the same basis as the first one. This time the asset was sold out within 1.5 hours! More evidence of the so called ‘jl777 effect’!

What’s going on in the Asset Exchange?

Privatebet: Privatebet is also one of jl777’s famous assets. jl777 bought some know-how from Come-from-Beyond for 200k NXT regarding a once popular gambling game called SatoshiDice. The owner earned millions with it but his service lost popularity because he had to switch from unconfirmed to confirmed transactions. In effect, jl777 bought the solution to how this service could be run on top of Nxt without being restricted to only accepting confirmed transactions. After jl777 won the auction, the price of Privatbet increased multiple times up to 88.83 NXT and is now listed at 84.99 NXT.

Nxttycoin: I have written about Nxttycoin in a previous market report. Nxttycoin has so far proved to be an outstanding investment possibility in the Asset Exchange: not only has its increase in value been remarkable, Nxttycoin holders also receive 5% interest on their coins at the end of every month.

You may have seen seen that Nxttycoin recently dropped several places on coinmarketcap (CMC). CMC has decided, for the purposes of calculating market capitalizations, only to count the coin supply actually tradeable on the market which, in the case of Nxttycoins, is 200M rather than the 1BN total supply on which the market cap was previously calculated. This of course means that Nxttycoin’s market cap is now 2o% of what it was previously.

The remaining 800M Nxttycoins are held in escrow by the Nxttycoin Foundation to cover the monthly ‘interest’ of 5% and to meet the developer’s commitment to distribute Nxttycoins among the first 100’000 users of the Nxtty messaging service.

Also read: Nxtty – crypto messaging for the masses

The launch of the Nxtty messenger service has been postponed several times now in order to take into account all the feedback  regarding possible improvements. The design of the application has been upgraded and the developer is planning to include a wallet for Nxttycoin in the application itself. The purpose of the wallet is twofold: to make in-app tipping a reality whilst at the same time introducing the user base to crypto currencies, which I find an amazing approach. We are looking forward to the final launch of the app and to its installation on our mobile devices.

That’s it for this week’s market report; I hope you enjoyed it!

This market report is for general information and news purposes only. It does not take into account the reader’s personal circumstances, objectives or attitude towards risk. It is not (and is not intended to be) any form of advice, recommendation, representation, or endorsement by the author or the web site owner and should not be relied upon when making (or refraining from making) any investment decision.

Nxt Market Report: 25 August 2014

Market Cap

Welcome to this week’s market report. It’s been another interesting week and we have plenty to write about. We start by having our usual look at the current market capitalizations. Since the last market report NXT has decreased in price by 6.5%. Additionally the trading volume, according to coinmarketcap, has been on a downtrend – it reached its high at about USD 100’000 (21 August) before shrinking to a daily average of about USD 40’000 during the last few days. The sharp fall in trading volume is explained by Bter’s hack last week as a result of which traders don’t trust Bter anymore and have either switched to a different exchange or to the Multigateway (which has experienced a considerable uptake in its use as a result of the hack). Moreover, Bter announced it would be charging a fee of 3% on all NXT withdrawals, which is understandable since Bter is still missing 4.5m NXT. There’s more detail regarding this story below. 

coinmarketcap 240814Source: coinmarketcap.com

UPDATE: Hack of Bter’s main account

A week ago Bter was still missing 8.3m NXT and even though it was an internal fault of the exchange, the NXT community nevertheless assisted Bter in any way it could, see this thread to read the whole discussion. Initially, as mentioned above, Bter announced an increased NXT withdrawal fee of 3%. This increase was intended not only to fill the 8.3m NXT hole but also to prevent a bank run! A number of different whales (users with a big stake in NXT) came up with proposals to smoothly restore the ‘old’ Bter, as a result of which the following agreement has been made: Bter is to provide a year of free NXT trading on its exchange in return for a loan of 2m NXT, enabling Bter to reduce the withdrawal fee to a  more reasonable 1%, albeit this is still double the old rate.

In another major development, Dom P, a well-known member at nxtforum.org, started a hunt for Bter’s hacker, which has already been successful: another chunk of the missing money has been recovered, some 3.8m NXT! Good news undoubtedly but this incident has clearly shown the downsides of centralized exchanges and the advantages in trading instead with the Multigateway.

Teleport: A new attempt to achieve privacy

Teleport is one of the many projects jl777 is working on. The goal is to make transactions off the blockchain so nobody is able to identify the user behind it. There are already different approaches by competitors like Darkcoin or Monero but jl777’s Teleport is a completely new one. Here’s how jl777 explains it:


Teleport is a different approach to privacy that seeks to use one of the very features of cryptocurrency networks that limit anonymity under normal circumstances: transaction linkage. Teleport occurs off the blockchain but is verified using the blockchain, utilising the benefits of a public record without suffering its drawbacks.
Teleport uses ‘telepods’ – packages of information containing everything required to make a transaction – to transfer funds securely and outside of the blockchain to the intended recipient.

jl777 is also core developer of BitcoinDark, with which he aims to make Teleport a reality. He explains it thus:

“Nxt Inside” is something I am reaching out to other coins to do. Each new coin with Nxt Inside is a totally new community that instantly becomes NXT users. Their coin gets the advantage of all the NXT 2.0 features, NXT gets more nodes and users for AE, Marketplace, InstantDEX, etc. The first step is to get the coin traded in MGW, then there is a direct reason for them to want reskinned NXT GUI. Maybe they strip out everything but the AE for their coin, or maybe they keep all of NXT. Doesn’t matter, it is all good as NXT is helping them by being a platform.

Now people are hesitant to be the first, so I make BTCD do this as example and then other coins will copy, especially if BTCD does well.

Advertised as “Nxt inside” jl777 aims to create a network of different coins using NXT as platform. This is huge since NXT will get lots of new users as well as publicity (also have a look at BitcoinDark’s price chart). Teleport is included in jl777’s asset NXTprivacy, something to consider investing in if you would like to be part of this story.

What’s going on in the Asset Exchange?

InstantDEX: InstantDEX is an asset managed by – who could it be? – jl777. The primary aim of InstantDEX is to offer realtime trading of NXT as well as Instant Transactions. In addition, InstantDEX will be a piece of the puzzle for Teleport, which is no doubt why it has experienced a doubling in price over the last week.

Nxttycoin: This coin is the official crypto currency of the Nxt Mobile Applications Company (NMAC), click this link to have a look at the announcement thread. The holders of Nxttycoins are understood to be the owners of NMAC. Nxttycoin is already listed on coinmarketcap and has an amazingly big community for an application which has not even launched yet (Facebook, Twitter). Over the last few weeks Nxttycoin’s value has increased by over 100%! As a bonus Nxttycoin has a reward program: on the last day of each month you receive an amount equalling 5% of your current holdings (Example: You hold 100’000 Nxttycoins. On the 31st of August you receive a reward of 5’000 Nxttycoins). The official launch date of the app is the 26 August 2014.

That’s it for the NXT market report this week; hope you enjoyed it!

This market report is for general information and news purposes only. It does not take into account the reader’s personal circumstances, objectives or attitude towards risk. It is not (and is not intended to be) any form of advice, recommendation, representation, or endorsement by the author or the web site owner and should not be relied upon when making (or refraining from making) any investment decision.

Nxt Market Report: 18 August 2014

Market Cap

Welcome to this week’s market report. We start by having a look at the current market capitalizations. Since the last market report NXT has decreased in price by 14.1%. The trading volume, much bigger than we have seen in the past few weeks,  reached a peak of USD 200’000 (12 August) but after the 15 August, when the popular NXT exchange Bter.com got hacked, the volume drastically decreased, according to coinmarketcap.com (in which the Multigateway trading volume is NOT currently included). You can see the transaction history of the hack and subsequent partial repayment here: Bter’s NXT account. More information about this incident below. 

coinmarketcap 17082014Source: coinmarketcap.com

Hack of Bter’s main account

As already mentioned Bter’s main NXT account was hacked on the 15th August. You can see part of the negotiation in the NXT blockchain. In Bter’s last update (17 August) they confirm the receipt so far of 43m Nxt and that they are working to recover the 8m Nxt which is still missing. Surprisingly this incident didn’t affect the NXT price in a big way – at the time of writing, the market price at Multigateway is around 6700 satoshis, even higher than before the hack. More importantly, the end result of all this doesn’t include a hacker’s account with 51m NXT in it and the continuing downward pressure on the NXT price which that would have inevitably meant.

What’s going on in the Asset Exchange?

MGW: The asset representing the Multigateway has seen a huge rise over the past few days.  The price increased from around 4 NXT per share to more than 10 NXT! An explanation for this price rocket is definitely Bter’s hack, which shows the downsides of centralized exchanges. As a second result of the hack the volume traded on the Multigateway increased a lot – in the last 30 days 8’354’746 NXT were traded, 1’820’136 NXT in just the last 24 hours!

Fuzon: A fund which holds crypto currencies as long-term investments. The fund is managed by whale who, although still quite new to the Nxt community, is well known in the Bitcoin as well as the Ripple communities. More information about the offering can be found in the announcement thread. Note that the asset is already being traded on Poloniex. For live updates monitor fuzon’s twitter account where you will find details about new investments.

That’s it for another week! We are looking forward to your feedback and suggestions!

This market report is for general information and news purposes only. It does not take into account the reader’s personal circumstances, objectives or attitude towards risk. It is not (and is not intended to be) any form of advice, recommendation, representation, or endorsement by the author or the web site owner and should not be relied upon when making (or refraining from making) any investment decision.