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TheNxtForex : Building the Committee singapore
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Author Topic: TheNxtForex : Building the Committee  (Read 3279 times)

SwissAlps

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TheNxtForex : Building the Committee
« on: January 21, 2015, 02:31:49 pm »

For more info about what TheNxtForex Committee is, please read carefully TheNxtTracker.com

There are now two new assets, emitted by TheNxtForex Committee Account NXT-MMCG-89ES-NETA-GMPR3 :
  • NxtForexSA Share A, quantity 50, decimals 3, will begin to be traded on the AE on Jan.22, at 09:00 GMT
  • NxtForexSB Share B, quantity 100, no decimals, should never be traded on the AE

If you want to qualify for beeing a permanent member of the committee, you will need ONE Share B. The first seven of them have already been attributed. The rest, 43 Shares B, will be exchanged against Shares A, using your position in the ShareHolder list. This means that the top position in the list will get Share B nr 8, the next nr 9, etc...  When this happens, you convert your entire Share A position into a single Share B. You will note that ShareB8, ShareB9 and ShareB10 have special voting rights and receive annually 2'000 NXT, more than the standard members ShareB11-ShareB50 who get 500 NXT.

Once the 43 Shares B have been attributed and TheNxtForex Committee is valid, I suppose that the value of Share A asset will not be much, but because the same mechanism may be used in the future if one of the Share B becomes invalid, I may be wrong.
« Last Edit: January 22, 2015, 05:08:29 am by SwissAlps »
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SwissAlps

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Re: TheNxtForex : Building the Committee
« Reply #1 on: January 22, 2015, 04:35:06 am »

Market Makers General Conditions

We are looking for Market Makers that agree with TheNxtForex Committee conditions, and would like to handle the following trackers :
  • NXTCHF
  • NXTEUR
  • NXTUSD
« Last Edit: January 22, 2015, 05:15:24 am by SwissAlps »
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SwissAlps

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Re: TheNxtForex : Building the Committee
« Reply #2 on: January 22, 2015, 04:36:57 am »

List of MarketMakers, sponsored by TheNxtForex Committee

NOTE : SwissAlps role in here is just temporary, I just want to show that beeing a MarketMaker can be a very profitable business; but I do not want to be involved later, and will resign from this market making as soon as three market makers are found, this is the goal for each tracker.

  • NXTCHF
    • SwissAlps
    • free
    • free
  • NXTEUR
    • SwissAlps
    • free
    • free
  • NXTUSD
    • SwissAlps
    • free
    • free
« Last Edit: January 22, 2015, 05:23:57 am by SwissAlps »
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SwissAlps

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Re: TheNxtForex : Building the Committee
« Reply #3 on: January 22, 2015, 04:37:42 am »

Technical questions

We are looking for devs that can give us info and a helpful hand about following :
  • scripts
  • running bots
  • very lightweight js showing the tracker rates
« Last Edit: January 22, 2015, 05:29:47 am by SwissAlps »
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blackyblack1

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Re: TheNxtForex : Building the Committee
« Reply #4 on: January 22, 2015, 06:28:54 am »

I'm willing to participate.
I can help with scripts and tracking. I'm interested in NXTUSD tracking and a founder member position. Unfortunately I missed your initial NxtForex thread so will mess with NxtForexSA.
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SwissAlps

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Re: TheNxtForex : Building the Committee
« Reply #5 on: January 22, 2015, 06:37:01 am »

I'm willing to participate.
I can help with scripts and tracking. I'm interested in NXTUSD tracking and a founder member position. Unfortunately I missed your initial NxtForex thread so will mess with NxtForexSA.
Hi blackyblack1,

Nice to see that you can help with our technicals problems.

I'm interested in NXTUSD tracking
Do you mean NXTUSD MarketMaker ?

Anyway, do not miss the NtxForexSA 09:00 GMT start !
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blackyblack1

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Re: TheNxtForex : Building the Committee
« Reply #6 on: January 22, 2015, 06:43:47 am »

Do you mean NXTUSD MarketMaker ?

Anyway, do not miss the NtxForexSA 09:00 GMT start !
Yes. What if someone will buy all the stake at the opening?
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SwissAlps

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Re: TheNxtForex : Building the Committee
« Reply #7 on: January 22, 2015, 07:14:43 am »

Do you mean NXTUSD MarketMaker ?

Anyway, do not miss the NtxForexSA 09:00 GMT start !
Yes. What if someone will buy all the stake at the opening?
Not possible, there will be 5 differents blocks, the first with 3 shares, the 4 others with 10 shares each, and the last block is quite expensive !
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blackyblack1

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Re: TheNxtForex : Building the Committee
« Reply #8 on: January 22, 2015, 09:31:05 am »

Ok, I missed the IPO. There is no such asset in my wallet. But I can see it on SecureAE.
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SwissAlps

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Re: TheNxtForex : Building the Committee
« Reply #9 on: January 22, 2015, 10:58:05 am »

Ok, I missed the IPO. There is no such asset in my wallet. But I can see it on SecureAE.
Because the selection will be on the 43 highest shareholders, you don't really need to buy a full share, as long as your position is within the first 43 holders; you could for instance buy 0.001 NxtForexSA, the price is quite small to do that.

If you buy a full share, you are just making sure that you are included in the final distribution of the NxtForexSB share (of course as long as you match the other selection criterias as explained in NxtTracker.com).
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Lagb

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Re: TheNxtForex : Building the Committee
« Reply #10 on: January 22, 2015, 11:06:39 am »

I'm in.  :)

I am interested to be one of the NXTEUR MarketMakers.

Looking forward!
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blackyblack1

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Re: TheNxtForex : Building the Committee
« Reply #11 on: January 23, 2015, 06:25:53 am »

Do you have a deadline for NxtForexSA selling? Otherwise you will wait forever for 43 shareholders.
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SwissAlps

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Re: TheNxtForex : Building the Committee
« Reply #12 on: January 23, 2015, 08:24:05 am »

Do you have a deadline for NxtForexSA selling? Otherwise you will wait forever for 43 shareholders.

For the moment, there is no deadline, I will start a life test very soon, so that Nxters can have a better understanding of how it will and should work. And when NXT starts to flow in TheNxtForex Committee Account, the asset will attract better attention, I am sure.

But if you have at least one NxtForexSA share, it means you are already sure to be part of the final TheNxtForex Committee (as long as you statisfy the non-anon requirements).

You are right that it may take awhile until all NxtForexSB shares have been distributed and until we can create the definitive NxtForex Committee. For this reason, if you want and if you have a least one full share, you can without further delay send this share to TheNxtForex Committee Account, and receive a NxtForexSB share Nr 8.

The future shareholders don't have to be forum members and natural persons, they can also be legal entities, like trust companies, small banks that want to start fiddling with cryptos, etc...
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SwissAlps

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Re: TheNxtForex : Building the Committee
« Reply #13 on: January 23, 2015, 08:27:49 am »

I'm in.  :)

I am interested to be one of the NXTEUR MarketMakers.

Looking forward!
Hi Lagb, very nice !

BUT at this moment the MarketMakers General Conditions have not yet been published, see https://nxtforum.org/index.php?topic=7807.msg154207#msg154207, so it's a bit precipitate..?... ;D
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blackyblack1

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Re: TheNxtForex : Building the Committee
« Reply #14 on: January 23, 2015, 09:17:10 am »

You are right that it may take awhile until all NxtForexSB shares have been distributed and until we can create the definitive NxtForex Committee. For this reason, if you want and if you have a least one full share, you can without further delay send this share to TheNxtForex Committee Account, and receive a NxtForexSB share Nr 8.
Ok. I'm doing it right now. Waiting for my SB share №8.
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Lagb

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Re: TheNxtForex : Building the Committee
« Reply #15 on: January 23, 2015, 09:23:23 am »

I'm in.  :)

I am interested to be one of the NXTEUR MarketMakers.

Looking forward!
Hi Lagb, very nice !

BUT at this moment the MarketMakers General Conditions have not yet been published, see https://nxtforum.org/index.php?topic=7807.msg154207#msg154207, so it's a bit precipitate..?... ;D

No, I'm not precipitate. I just want to say I could be candidate...  ;D

May I send my NxtForexSA share to TheNxtForex Committee Account right now?  ???
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SwissAlps

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Re: TheNxtForex : Building the Committee
« Reply #16 on: January 23, 2015, 09:40:41 am »

I'm in.  :)

I am interested to be one of the NXTEUR MarketMakers.

Looking forward!
Hi Lagb, very nice !

BUT at this moment the MarketMakers General Conditions have not yet been published, see https://nxtforum.org/index.php?topic=7807.msg154207#msg154207, so it's a bit precipitate..?... ;D

No, I'm not precipitate. I just want to say I could be candidate...  ;D

May I send my NxtForexSA share to TheNxtForex Committee Account right now?  ???

Yes. If blackyblack1 has already sent his, you will get then a NxtForexSB share Nr 9
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Lagb

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Re: TheNxtForex : Building the Committee
« Reply #17 on: January 23, 2015, 10:05:38 am »

Ok, done.

Thank you.  :)

BTW this is my [n°100]!  8)
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SwissAlps

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Re: TheNxtForex : Building the Committee
« Reply #18 on: January 23, 2015, 10:13:19 am »

I have transfered the following shares :

 NxtForexSB share Nr 8
 NxtForexSB share Nr 9


Still to be found : 41 members
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cryptoventurefund

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Re: TheNxtForex : Building the Committee
« Reply #19 on: January 23, 2015, 10:19:01 am »

This is starting to catch on  8)  i like that some see the potential in this.
I'm glad i hopped on the choo choo train while i still had the chance.
Thanks SwissAlps for the awesome initiative !
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