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NEM goes Nxt Exchange
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Author Topic: NEM goes Nxt Exchange  (Read 15280 times)

kodtycoon

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Re: NEM goes Nxt Exchange
« Reply #20 on: May 24, 2014, 09:09:35 pm »

the shark is hungry  ;)

the highest price for a stake was previously for 2 at 12 BTC ( private trade )

any links to where the trade was made?
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jl777

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Re: NEM goes Nxt Exchange
« Reply #21 on: May 24, 2014, 09:16:10 pm »

the shark is hungry  ;)

the highest price for a stake was previously for 2 at 12 BTC ( private trade )
The Shark is patient
The Shark waits in the dark
The Shark will get its bite in time, or not

The Shark doesnt know, its just a shark ;)
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Stadtfeger

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Re: NEM goes Nxt Exchange
« Reply #22 on: May 24, 2014, 09:16:27 pm »

i will search for the link but in the BTT Forum there are many trades in different threads in many languages.
Here is a German Thread:

https://bitcointalk.org/index.php?topic=600800.0

20 NEM STakes  ??? :o ???
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kodtycoon

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Re: NEM goes Nxt Exchange
« Reply #23 on: May 24, 2014, 09:17:52 pm »

i will search for the link but in the BTT Forum there are many trades in different threads in many languages.
Here is a German Thread:

https://bitcointalk.org/index.php?topic=600800.0

20 NEM STakes  ??? :o ???

that looks like a scam.. could be wrong.. anyone speak german?
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bitcoinpaul

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Re: NEM goes Nxt Exchange
« Reply #24 on: May 24, 2014, 09:23:30 pm »

i will search for the link but in the BTT Forum there are many trades in different threads in many languages.
Here is a German Thread:

https://bitcointalk.org/index.php?topic=600800.0

20 NEM STakes  ??? :o ???

that looks like a scam.. could be wrong.. anyone speak german?

Much blahblah
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Stadtfeger

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Re: NEM goes Nxt Exchange
« Reply #25 on: May 24, 2014, 09:24:06 pm »

<<<< German

i don´t know if it was a scam, but it has since nobody wrote that he was cheated but also none that he bought stake/s.
« Last Edit: May 24, 2014, 09:27:48 pm by Stadtfeger »
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tersagun

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Re: NEM goes Nxt Exchange
« Reply #26 on: May 24, 2014, 09:42:52 pm »

To the best of my knowledge, there is no actual sale of NEM at that high level and I have no idea how the market will price a NEM stake. So we will see how it goes. I have pre-created the asset and will be sending to the stakeholders at 5/25 12. 00 GMT but everyone should be able to create BUY order for NEMstake now.

https://nxtforum.org/alternate-cryptocurrencies/nemstake-discussion/

Edit: Issuing time is delayed to 12.00 GMT tomorrow

So if you buy the asset, even though you are not participated into the fundraising, you will get your share?

I,thought you are only sending,the assets to,people,who earned the right to,be a participant.





Sent from my Lumia using Tapatalk
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bitcoinpaul

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Re: NEM goes Nxt Exchange
« Reply #27 on: May 24, 2014, 09:44:10 pm »


I,thought you are only sending,the assets to,people,who earned the right to,be a participant.



Well, people, can, trade.
« Last Edit: May 24, 2014, 09:45:53 pm by bitcoinpaul »
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tersagun

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Re: NEM goes Nxt Exchange
« Reply #28 on: May 24, 2014, 09:49:59 pm »


I,thought you are only sending,the assets to,people,who earned the right to,be a participant.



Well, people, can, trade.

Do not change your post please :P

I hope I was wrong as you initially posted because I would love to he able,to get,a,chance to participate into NEM.






Sent from my Lumia using Tapatalk
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mthcl

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Re: NEM goes Nxt Exchange
« Reply #29 on: May 24, 2014, 10:42:31 pm »

Were the assets already sent? Nobody is selling at the moment.
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kodtycoon

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Re: NEM goes Nxt Exchange
« Reply #30 on: May 24, 2014, 10:43:32 pm »

Were the assets already sent? Nobody is selling at the moment.

nope.. being sent out in 15-20 mins..
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chanc3r

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Re: NEM goes Nxt Exchange
« Reply #31 on: May 24, 2014, 10:49:53 pm »

Were the assets already sent? Nobody is selling at the moment.

I think UP said 25/5 the stakes will be sent - so tomorrow, if I have it correct it goes as follows.
Each NEM Stakeholder who requests will get 1 token representing their stake in NEM,
they can trade the token in units of 0.1 i.e. 100k of NEM per unit.
2 weeks after NEM is launched holders of NEM tokens (original & traded) can redeem them for NEM.
so if 1000 NEM stakeholders take it up - that is 10,000 * 0.1 NEM Stakes that can be traded representing 1B NEM or 25% of total NEM
Once the tokens have been redeemed then UP will destroy/make them unavailable by sending them to the genesis account.
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eimon

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Re: NEM goes Nxt Exchange
« Reply #32 on: May 25, 2014, 12:05:06 am »

NEM is the Doge of PoS. Lots of "community," not much of anything else. I predict price will fall dramatically after trading begins.
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kodtycoon

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Re: NEM goes Nxt Exchange
« Reply #33 on: May 25, 2014, 12:12:34 am »

NEM is the Doge of PoS. Lots of "community," not much of anything else. I predict price will fall dramatically after trading begins.

i think your wrong.. dont forget.. the majority have only 1 or 2 stakes.. at best they will sell 10-20 percent of that or .1 or .2.. it would take 32 people to sell .1 each into buyers in order to fill the top 3 buy orders.. people want to buy full stakes.. sellers only want to sell a fraction.. and i seriously doubt the buyers current prices are enough.
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eimon

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Re: NEM goes Nxt Exchange
« Reply #34 on: May 25, 2014, 01:01:03 am »

NEM is the Doge of PoS. Lots of "community," not much of anything else. I predict price will fall dramatically after trading begins.

i think your wrong.. dont forget.. the majority have only 1 or 2 stakes.. at best they will sell 10-20 percent of that or .1 or .2.. it would take 32 people to sell .1 each into buyers in order to fill the top 3 buy orders.. people want to buy full stakes.. sellers only want to sell a fraction.. and i seriously doubt the buyers current prices are enough.

To clarify, I meant after the NEM network goes live and trading begins on the centralized exchanges. Whenever that will be  ???
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kodtycoon

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Re: NEM goes Nxt Exchange
« Reply #35 on: May 25, 2014, 01:17:51 am »

NEM is the Doge of PoS. Lots of "community," not much of anything else. I predict price will fall dramatically after trading begins.

i think your wrong.. dont forget.. the majority have only 1 or 2 stakes.. at best they will sell 10-20 percent of that or .1 or .2.. it would take 32 people to sell .1 each into buyers in order to fill the top 3 buy orders.. people want to buy full stakes.. sellers only want to sell a fraction.. and i seriously doubt the buyers current prices are enough.

To clarify, I meant after the NEM network goes live and trading begins on the centralized exchanges. Whenever that will be  ???
i still disagree with you.. why do you say it hasnt got much else other then community.. its going to be a 2.0 currency.. and most likely the only other credible 2.0 other than nxt. so it will have far more then doge.

perhaps a small drop but continue to rise after that.. we'll come back to this at a later stage and see who was right.. :)
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eimon

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Re: NEM goes Nxt Exchange
« Reply #36 on: May 25, 2014, 01:23:40 am »

NEM is the Doge of PoS. Lots of "community," not much of anything else. I predict price will fall dramatically after trading begins.

i think your wrong.. dont forget.. the majority have only 1 or 2 stakes.. at best they will sell 10-20 percent of that or .1 or .2.. it would take 32 people to sell .1 each into buyers in order to fill the top 3 buy orders.. people want to buy full stakes.. sellers only want to sell a fraction.. and i seriously doubt the buyers current prices are enough.

To clarify, I meant after the NEM network goes live and trading begins on the centralized exchanges. Whenever that will be  ???
i still disagree with you.. why do you say it hasnt got much else other then community.. its going to be a 2.0 currency.. and most likely the only other credible 2.0 other than nxt. so it will have far more then doge.

perhaps a small drop but continue to rise after that.. we'll come back to this at a later stage and see who was right.. :)

Fair enough, we'll have to wait and see. Care to make a wager of 1 Nxt over who will be right?  ;D

I'm curious as to how much of NEM code is original and how much is a Nxt clone. Anything concrete on exactly how POI will work?
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Stadtfeger

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Re: NEM goes Nxt Exchange
« Reply #37 on: May 25, 2014, 12:10:19 pm »

what´s going on?

NEM are not good in time... not good for the first time
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Come-from-Beyond

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Re: NEM goes Nxt Exchange
« Reply #38 on: May 25, 2014, 12:13:24 pm »

Anything concrete on exactly how POI will work?

Heh, this is why I'm looking forward to seeing NEM whitepaper.
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bitcoinpaul

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Re: NEM goes Nxt Exchange
« Reply #39 on: May 25, 2014, 12:14:28 pm »

https://bitcointalk.org/index.php?topic=616467.msg6928074#msg6928074
Quote from: utopianfuture
Dear NEM stakeholder community,

I apologize for making some of you disappointed but I decide to hold off the asset exchange listing for at least a couple of days until more information about NEM and its governance structure could be provided.

The reason for that is because I realized involving new investors is a qualitative change in NEM organizational structure and that needs to be handed with more transparency and disclosure. So far NEM has been conceptualized as a voluntary association in which stakeholders are participants and contributors to the formation of a new decentralized movement. In that conceptualization, I am comfortable in handling participant complaints with a simple refund suggestion. In that conceptualization, no one loses when he doesn't like what the development team is doing and can voluntarily withdraw. We as a team could also have the right to refuse certain participants who are deem not beneficial (sockpuppets for example). This phase has been dubbed "a call for participation" (it is not an IPO sorry) for these rationales.

This phase was over when the final stakeholder was published. No more stakeholders will be added. Now we are going to transition to a new phase in which investors can come in via  sales from the current stakeholders and public auction. I think they deserve to know more what future governance of the system will look like. So before investors are welcomed in, I would like to publish at least a preliminary draft of the Development Contract to the agreement of all current stakeholders. So the time during the asset exchange listing postponement will be used for that process. The process will include: the development team publishing a preliminary draft of the Development Contract; current stakeholders commenting and criticizing the Development Contract; majority of current stakeholders agreeing on the Development Contract and the rest requesting a refund and leave.

While I believe at this point the shares of the current stakeholders are theirs to control and technically asset listing is for the current stakeholder selling a part of his shares. However, we as a team cannot afford officiating the sale without performing our obligation in a full disclosure of what we plan to do with the development shares and development reserves. Hence, the postponement of the listing. I have been preparing materials for the Development Contract for a while and will be able to publish a preliminary draft very soon.

UtopianFuture       
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