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Author Topic: Has the re-organisation of both the Nxt Foundation and other community assets...  (Read 148 times)

davinci369

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Hi, wanted to know if the re-organisation of both the Nxt Foundation and other community assets, including the CFC. has been done.

 I am doing some research before I propose my proposal to the committee. and wanted to know if the community funds where still available for proposals.

Thanks.

I found out:

EvilDave wrote:
Re: New Community Funds Committee: accounts and updates
March 24, 2017, 08:34:06 pm
ReplyQuote #37
Been a long time since the last Community Funds update, happy to tell you guys/girl that we do still have a Community Fund, and haven't spent it all on Lambos  ;D

The current balances of the 2 remaining CFC accounts are:

Constitution (main spending account, under Account Control: EvilDave/ChuckOne/Damelon)
484,472 NXT
1,153,458 ARDR

CFC Reserve Account (held by neer.g)
1,999,999 NXT
2,000,000 ARDR

there are a couple of other CFC-related accounts, holding a selection of assets, but not a very large amount.

As has been discussed elsewhere, we are working on re-organisation of both the Nxt Foundation and other community assets, including the CFC.
« Last Edit: November 21, 2017, 02:50:02 am by davinci369 »
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marenkar

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Hello,

With the advent of the Ardor and Nxt Group, all funds and resources under the control of the Nxt Foundation, including the CFC are moved to ANG for the growth of the organization. If you have a business proposal to further the ecosystem, I think it would be better for you to contact Jelurida about it especially if it can be a mutually beneficial business partnership.

davinci369

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Hi, marencar, Got you! I will contact them. Just a recomendation, the name ANG (Ardor and Next Group) should be NXT 2.0 (ARDR) Group. I understand that there are no plans to abandon NXT 1.0 and that is ok. But you are making harder to understand these community if you keep mentioning ARDR, because for a new user, it looks like a new coin, when is not is the evolution of NXT 1.0 to meet direrente demand. As mention Early NXT 1.0 is espected to still be use.

Another point regarding the name ANG (Ardor and Next Group) is that in coinmarketcapitalization, NXT is clasified as a coin but ARDR is clasified as a Token. You need to stratigh out that issue.

Again, thanks for the answer, Will contact Jerludia.
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marenkar

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But you are making harder to understand these community if you keep mentioning ARDR, because for a new user, it looks like a new coin, when is not is the evolution of NXT 1.0 to meet direrente demand. As mention Early NXT 1.0 is espected to still be use.

It will be a new coin on its own blockchain. Right now it's just an asset on Nxt but will move to being its own blockchain on January 1st.

I think it is more confusing if we just keep calling it the Nxt Group, when Nxt is a different blockchain. Think of it like this - the iPhone and the iPad have different names but are developed by Apple, just like how Nxt and Ardor are. If we just keep calling it Nxt then people will be confused because they would not be sure which blockchain they are looking into and then we'll have people complaining about buying the wrong coin everyday.

Another point regarding the name ANG (Ardor and Next Group) is that in coinmarketcapitalization, NXT is clasified as a coin but ARDR is clasified as a Token. You need to stratigh out that issue.

That is not an issue. That is correct. ARDR is still just an asset on Nxt and will remain that way until January 1st, 2018.
 
Again, thanks for the answer, Will contact Jerludia.

No problem. Good luck.
« Last Edit: November 27, 2017, 02:10:16 pm by marenkar »
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