Nxt Forum

Nxt Discussion => Nxt Asset Exchange => Assets Board => Topic started by: ShortNXT on June 05, 2014, 04:55:25 pm

Title: [ANN] Will NXT mkt cap exceed LTC by end of PayExpo? (WhatsNXT Prediction Mkt)
Post by: ShortNXT on June 05, 2014, 04:55:25 pm

NxtLtcY and NxtLtcN

Promoters
WhatsNXT and ShortNXT
What is it?
Prediction market for NXT market cap relative to LTC market cap.
How many shares to be sold?
TBD, pursuant to demand.
What price will they be sold at?
Prices reflecting market sentiment.
Nxtforum discussion
Here (https://nxtforum.org/index.php?topic=2140.0)
Nxt account used to issue assets
NXT-CETE-TJ35-3W6Q-GRMTM
Asset ID
7871081899413301824 and 2791762004650862940
Ticker symbol
NxtLtcY and NxtLtcN
Title: Re: [ANN] Will NXT mkt cap exceed LTC by end of PayExpo? (WhatsNXT Prediction Mkt)
Post by: ShortNXT on June 05, 2014, 04:55:58 pm

These assets are part of the WhatsNXT Prediction Market.

Each asset's price is intended to reflect the percentage odds of a given outcome's occurrence (e.g. 50 NXT = 50%).

This pair is tied to Nxt's market cap exceeding Litecoin's market cap at any point before 11:59:59 pm, June 12, 2014 (GMT), as reported by coinmarketcap.com.

If you think the odds are too high on either asset, you can effectively sell it (without owning it) by purchasing the other.

- NxtLtcY reflects the odds Nxt's market cap will exceed LTC's at some point before the deadline. (ID 7871081899413301824)
- NxtLtcN reflects the odds that it won't. (ID 2791762004650862940)

The issuer will seek to maintain inverse parity between the two assets.

Issuer will attempt to distribute the assets at prices reflecting market sentiment. Issuer commits to buy back all shares of the "correct" asset upon resolution at 100 NXT and will reserve sufficient funds to do so.

Verify WhastNXT issuer ID NXT-CETE-TJ35-3W6Q-GRMTM to avoid scammers.
Title: Re: [ANN] Will NXT mkt cap exceed LTC by end of PayExpo? (WhatsNXT Prediction Mkt)
Post by: Ezravdb on June 05, 2014, 04:57:08 pm
 ;D

I think it will
Title: Re: [ANN] Will NXT mkt cap exceed LTC by end of PayExpo? (WhatsNXT Prediction Mkt)
Post by: ShortNXT on June 05, 2014, 05:06:19 pm
;D

I think it will

Initial distribution price is 35, so you'd triple up if you're right (on top of tripling up via Nxt appreciation).
Title: Re: [ANN] Will NXT mkt cap exceed LTC by end of PayExpo? (WhatsNXT Prediction Mkt)
Post by: ShortNXT on June 06, 2014, 09:26:47 am
First trade says just a 25% chance NXT catches LTC by the end of PayExpo.

What do you say?
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