Topic: [ANN] Ardor, or Nxt 2.0, a Scalable Child Chain Platform (Read 74012 times)

NxtSwe · « **Reply #80 on:** July 05, 2016, 08:50:48 pm »

Quote from: Nextshares on July 05, 2016, 10:18:17 am

Quote from: m200 on July 05, 2016, 08:15:11 am
Thank you for an answer!
A few more questions that concerns me:

1. How the development of Ardor will be funded? As far as I understand there is a lot of work to be done.
2. Where can I see real Names and Faces of people who are working on this project. I mean team. Who is (or will be) responsible for things to be done as described on the roadmap. Thanks
Core team: Jean-luc, Riker, NxtSwe, Brangdon, Declux, Tosch, Lurker, Peter, farl4bit, wollfang, ...anyone can add more talent list.

I'm not on the core team either.

lurker10 · « **Reply #81 on:** July 05, 2016, 09:12:18 pm »

Quote from: Brangdon on July 05, 2016, 07:57:00 pm

Quote from: Nextshares on July 05, 2016, 10:18:17 am
Core team: Jean-luc, Riker, NxtSwe, Brangdon, Declux, Tosch, Lurker, Peter, farl4bit, wollfang, ...anyone can add more talent list.
I'm not on the core team. I don't do much beyond talking here.

Same here

Damelon · « **Reply #82 on:** July 05, 2016, 10:08:40 pm »

Quote from: lurker10 on July 05, 2016, 09:12:18 pm

Quote from: Brangdon on July 05, 2016, 07:57:00 pm
Quote from: Nextshares on July 05, 2016, 10:18:17 am
Core team: Jean-luc, Riker, NxtSwe, Brangdon, Declux, Tosch, Lurker, Peter, farl4bit, wollfang, ...anyone can add more talent list.
I'm not on the core team. I don't do much beyond talking here.

Same here

The Core Team is always mentioned in the AUTHORS.txt in the source: https://bitbucket.org/JeanLucPicard/nxt/src

Some of these are in there and have left, but they are of course formally still core developers as their code is in there.
Some are public, some use only their screen names for several reasons.

Quote

BCNext
no contact info available

Come-from-Beyond
come-from-beyond@mail.ru

Jean-Luc Picard
jlp@mailbox.org
GPG key fingerprint: 263A 9EB0 29CF C77A 3D06 FD13 811D 6940 E1E4 240C
Nxt account: NXT-X4LF-9A4G-WN9Z-2R322

Wesley
wwesley@tutanota.de

Ronald Hoffman (ScripterRon)
ronald.hoffman6@gmail.com
GPG key fingerprint: E0AD 742C F130 D180 0504 8EDE A4C8 C35D D619 0F05
Nxt account: NXT-YKDR-R624-MM4S-5ZKQK

Alexander Chepurnoy (kushti)
kushtech@yahoo.com

Lior Yaffe (lyaffe)
lyaffe@gmail.com
GPG key fingerprint: 0560 443B 035C EE08 0EC0 D2DD 275E 94A7 D831 1651
Nxt account: NXT-HBFW-X8TE-WXPW-DZFAG

Holger Drewes (holgerd77)
Holger.Drewes@gmail.com

Mr V
mrv777@comcast.net

Alex Jones (jones)
alex.theboy.jones@gmail.com
GPG fingerprint: 500A A4EF ACA7 DF9F 8E5D A52F E945 DA5E DAC1 EAFC
Nxt account: NXT-RJU8-JSNR-H9J4-2KWKY

Musa Yassin (mess)
musa.yassin@gmail.com

Petko Petkov
petkodp@gmail.com
GPG key fingerprint: C3ED C327 AAE3 CA95 ED46 5996 DAB8 9FDE F203 C23F
Nxt account: NXT-P6F5-J7VU-RWHZ-9LXN8

TeStDrUiF
testdruif@gmail.com
GPG key fingerprint: 1263 D21F 482C 6BF8 4550 4451 D085 799A 9EF1 57F3
Nxt account: NXT-NNGD-V8TN-3MZR-DWWBE

Berzelius
berzelius@countermail.com
GPG key fingerprint: 206B 409C FF4F BF25 6E03 9834 3C8E EB47 926A 7AC7
Nxt account: NXT-XNBG-5TB4-SC4R-B73ZW

nagatraju · « **Reply #83 on:** July 06, 2016, 06:55:59 am »

This is a dumb question:

If I hold 10000 NXT in my wallet after 14th July, for couple of weeks and before end of Snapshot period, my balance is 0! What will happen? Still I get Ardor or not? Please clarify me.

Peter2516 · « **Reply #84 on:** July 06, 2016, 07:02:51 am »

Quote from: nagatraju on July 06, 2016, 06:55:59 am

This is a dumb question:

If I hold 10000 NXT in my wallet after 14th July, for couple of weeks and before end of Snapshot period, my balance is 0! What will happen? Still I get Ardor or not? Please clarify me.

Yes.

nagatraju · « **Reply #85 on:** July 06, 2016, 07:23:58 am »

Quote from: Peter2516 on July 06, 2016, 07:02:51 am

Quote from: nagatraju on July 06, 2016, 06:55:59 am
This is a dumb question:

If I hold 10000 NXT in my wallet after 14th July, for couple of weeks and before end of Snapshot period, my balance is 0! What will happen? Still I get Ardor or not? Please clarify me.
Yes.

I can't get you!!?

lurker10 · « **Reply #86 on:** July 06, 2016, 07:34:49 am »

Quote from: nagatraju on July 06, 2016, 06:55:59 am

This is a dumb question:

If I hold 10000 NXT in my wallet after 14th July, for couple of weeks and before end of Snapshot period, my balance is 0! What will happen? Still I get Ardor or not? Please clarify me.

If you hold for 2 weeks between July 14 and October 12 and sell before end of snapshots, you will get 10,000 * 14 days * 24 / (24 * 90 days) = 1,555

cayenne · « **Reply #87 on:** July 06, 2016, 11:44:41 am »

Quote from: lurker10 on July 06, 2016, 07:34:49 am

If you hold for 2 weeks between July 14 and October 12 and sell before end of snapshots, you will get 10,000 * 14 days * 24 / (24 * 90 days) = 1,555

Didn't you forget to divide by 2? New example:
10,000 * 90 days * 24 hours / (90 days * 24 hours *2) = 5,000

Nextshares · « **Reply #88 on:** July 06, 2016, 03:05:22 pm »

Quote from: cayenne on July 06, 2016, 11:44:41 am

Quote from: lurker10 on July 06, 2016, 07:34:49 am
If you hold for 2 weeks between July 14 and October 12 and sell before end of snapshots, you will get 10,000 * 14 days * 24 / (24 * 90 days) = 1,555

Didn't you forget to divide by 2? New example:
10,000 * 90 days * 24 hours / (90 days * 24 hours *2) = 5,000

New example?, NXT: Ardor = 1:1

nagatraju · « **Reply #89 on:** July 06, 2016, 03:06:41 pm »

Quote from: cayenne on July 06, 2016, 11:44:41 am

Quote from: lurker10 on July 06, 2016, 07:34:49 am
If you hold for 2 weeks between July 14 and October 12 and sell before end of snapshots, you will get 10,000 * 14 days * 24 / (24 * 90 days) = 1,555

Didn't you forget to divide by 2? New example:
10,000 * 90 days * 24 hours / (90 days * 24 hours *2) = 5,000

Which one is correct?

Nextshares · « **Reply #90 on:** July 06, 2016, 03:16:35 pm »

Quote from: nagatraju on July 06, 2016, 03:06:41 pm

Quote from: cayenne on July 06, 2016, 11:44:41 am
Quote from: lurker10 on July 06, 2016, 07:34:49 am
If you hold for 2 weeks between July 14 and October 12 and sell before end of snapshots, you will get 10,000 * 14 days * 24 / (24 * 90 days) = 1,555

Didn't you forget to divide by 2? New example:
10,000 * 90 days * 24 hours / (90 days * 24 hours *2) = 5,000

Which one is correct?

NXT: Ardor = 1:1

wolffang · « **Reply #91 on:** July 06, 2016, 03:26:03 pm »

Quote from: Nextshares on July 06, 2016, 03:16:35 pm

Quote from: nagatraju on July 06, 2016, 03:06:41 pm
Quote from: cayenne on July 06, 2016, 11:44:41 am
Quote from: lurker10 on July 06, 2016, 07:34:49 am
If you hold for 2 weeks between July 14 and October 12 and sell before end of snapshots, you will get 10,000 * 14 days * 24 / (24 * 90 days) = 1,555

Didn't you forget to divide by 2? New example:
10,000 * 90 days * 24 hours / (90 days * 24 hours *2) = 5,000

Which one is correct?

NXT: Ardor = 1:1

If you have 10.000 NXT before the snapshot and hold it till the end, you'll have exactly the same Ardor as Nxt after the snapshot.

During the snapshot period, averaging will be the key, what lurker10 explained.

Every hour there is 1 snapshot (24 snapshots a day), during approximately 90 days (block 1.000.000).

cayenne · « **Reply #92 on:** July 06, 2016, 03:32:16 pm »

"This means, that in addition to the Main Chain tokens (ARDR), NXT 1.0 holders will be accredited a number of FNX (Nxt 2.0 transactional tokens) equal to 50% of the NXT they hold in their account during the Nxt 1.0 snapshot phase (starting from when Nxt 1.9 is released and for about 3 months)."
http://nxter.org/the-nxt-2-0-token-distribution/

So the first snapshot (July-Oct 2016) gives me both Ardor at 1:1 and half as much FNX?
What does the 2017 snapshot provide?

wolffang · « **Reply #93 on:** July 06, 2016, 03:37:03 pm »

Quote from: cayenne on July 06, 2016, 03:32:16 pm

"This means, that in addition to the Main Chain tokens (ARDR), NXT 1.0 holders will be accredited a number of FNX (Nxt 2.0 transactional tokens) equal to 50% of the NXT they hold in their account during the Nxt 1.0 snapshot phase (starting from when Nxt 1.9 is released and for about 3 months)."
http://nxter.org/the-nxt-2-0-token-distribution/

So the first snapshot (July-Oct 2016) gives me both Ardor at 1:1 and half as much FNX?
What does the 2017 snapshot provide?

Coming snapshot period (July-Oct 2016) is for Ardor (block generating chain token).
This is done by averaging during these few months.

FNX is the childchain transactional token. On the exact date that the Ardor platform is released on mainnet next year (Q3 2017), you will get Free FNX token, depending on your NXT balance.
It is at least 50 percent, but can also become 100% (1:1) depending on the funds that the NXT foundation team can arrange for development purposes. They are working hard on that.

So if we take the 50 percent for now, you will get half of your NXT balance on the date that Ardor is released on mainnet in FNX tokens.

nxtcoinspeaker · « **Reply #94 on:** July 10, 2016, 01:41:27 am »

Hi have question, nxt lite wallet work like hard wallet for ardor rewards ?

nxtertoul · « **Reply #95 on:** July 10, 2016, 10:23:31 am »

Hi everybody

How to get Ardor

You'll be able to participate in Ardor right away. As Ardor continues testing and development, Nxt 1.9 will be released. With Nxt 1.9, you'll get your first chance to own a piece of Ardor. All those who hold an amount of NXT will also get a piece of Ardor. Snapshots will start be taken on an hourly basis, starting on July 14th to October 12th. Then, your total NXT will be averaged, and you'll receive that amount in Ardor tokens on October 12th, which will be freely tradeable up until the Ardor system launches.

Do you consider asset value as final balance or not ?

If i have all my Nxt on assets, do i will receive ARDR?
Do i have to sell all my asset to keep value in final balance?

Sorry i don't understand very well transition process ...

Damelon · « **Reply #96 on:** July 10, 2016, 11:35:18 am »

Quote from: nxtertoul on July 10, 2016, 10:23:31 am

Hi everybody

How to get Ardor

You'll be able to participate in Ardor right away. As Ardor continues testing and development, Nxt 1.9 will be released. With Nxt 1.9, you'll get your first chance to own a piece of Ardor. All those who hold an amount of NXT will also get a piece of Ardor. Snapshots will start be taken on an hourly basis, starting on July 14th to October 12th. Then, your total NXT will be averaged, and you'll receive that amount in Ardor tokens on October 12th, which will be freely tradeable up until the Ardor system launches.

Do you consider asset value as final balance or not ?

If i have all my Nxt on assets, do i will receive ARDR?
Do i have to sell all my asset to keep value in final balance?

Sorry i don't understand very well transition process ...

Asset balance cannot be taken into account.
It is very easy to game asset prices if you want to and therefore it is only possible for your Nxt holdings to be counted to ARDR.

Also, have a look at for instance NAUT at the moment: it has a marketcap that is 1/3 of Nxt. Assets and currencies are connected to the outside world and can have a cap that would be higher than Nxt itself.

nxtrules · « **Reply #97 on:** July 10, 2016, 12:39:10 pm »

is all NXT converted over to ARDR? Is it possible to buy assets with NXT after conversation? Is that only possible on ARDR?

Peter2516 · « **Reply #98 on:** July 10, 2016, 01:28:23 pm »

Quote from: Damelon on July 10, 2016, 11:35:18 am

Quote from: nxtertoul on July 10, 2016, 10:23:31 am
Hi everybody

How to get Ardor

You'll be able to participate in Ardor right away. As Ardor continues testing and development, Nxt 1.9 will be released. With Nxt 1.9, you'll get your first chance to own a piece of Ardor. All those who hold an amount of NXT will also get a piece of Ardor. Snapshots will start be taken on an hourly basis, starting on July 14th to October 12th. Then, your total NXT will be averaged, and you'll receive that amount in Ardor tokens on October 12th, which will be freely tradeable up until the Ardor system launches.

Do you consider asset value as final balance or not ?

If i have all my Nxt on assets, do i will receive ARDR?
Do i have to sell all my asset to keep value in final balance?

Sorry i don't understand very well transition process ...

Asset balance cannot be taken into account.
It is very easy to game asset prices if you want to and therefore it is only possible for your Nxt holdings to be counted to ARDR.

Also, have a look at for instance NAUT at the moment: it has a marketcap that is 1/3 of Nxt. Assets and currencies are connected to the outside world and can have a cap that would be higher than Nxt itself.

And when you buy stuff with NXT, you stop owning those NXT. You receive the assets, and you give your NXT to the seller. Maybe they sold the NXT for BTC or fiat. And the NXT moves on to other people. It would be an easy way to 'double' your wealth if you could just buy assets, but still keep the value of the NXT in your account

Totally reasonable imo.

Peter2516 · « **Reply #99 on:** July 10, 2016, 01:29:24 pm »

Quote from: nxtrules on July 10, 2016, 12:39:10 pm

is all NXT converted over to ARDR? Is it possible to buy assets with NXT after conversation? Is that only possible on ARDR?

NXT is not converted, you keep them. There's no swap.
The NXT platform, including the Asset Exchange, will not be abandoned soon. Probably some assets will move over to Ardor childchains, if that offers more features.

News:

Author Topic: [ANN] Ardor, or Nxt 2.0, a Scalable Child Chain Platform (Read 74012 times)