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Thanks.  Very reliable asset.

Working fine for me.
At the moment NXT operations are not re-enabled yet, currently integrating them with MGW, should be finished today.

coinomat.com down right now?   I wanted to try it out.

We'll use MGW as an exchange to hedge our instant exchanges against market fluctuations.
When offering instant cryptocurrency exchange you run a risk of the price going against you,
so you need to hedge it by opening trades in the opposite direction at a market exchange.

How are coinomat and mgw going to be integrated?

working on MGW integration now, after BTER debacle.
Will function again today.

Quote from: coinomat on August 19, 2014, 11:44:38 am

Working fine for me.

I was just testing Nxt to Visa/mastercard and got "Exchange rate not found"

Weekly dividend payment has been processed, using valarmg script (if you have not received it see below). It is a little lower than last week, due to the BTER situation we had to disable NXT transactions for most of the week. Starting from September we expect a significant rise in transaction volume due to the end of vacations and  our new CoinoUSD asset.

For some accs there's no outgoing transactions, so due to NXT architecture in order to receive payments such accounts should provide a public key. If you find your NXT address below please send your public key through PM.


***7.21051045, NXT-UFPV-TG8Y-W5HV-HSS3B, Encountered a problem. Recipient account does not have a public key, must attach a public key announcement.
***7.21051045, NXT-7CSX-R6Y9-E3XW-42NZP, Encountered a problem. Recipient account does not have a public key, must attach a public key announcement.
***2.40350348, NXT-5N8U-7P5W-PJEK-296RU, Encountered a problem. Recipient account does not have a public key, must attach a public key announcement.
***2.40350348, NXT-FARZ-YX3Y-WWYN-FSMFQ, Encountered a problem. Recipient account does not have a public key, must attach a public key announcement.
***1.65417593, NXT-6HVK-F89P-Z8XF-7384A, Encountered a problem. Recipient account does not have a public key, must attach a public key announcement.
***0.96140139, NXT-F8GS-FKB3-SVHK-CAMQQ, Encountered a problem. Recipient account does not have a public key, must attach a public key announcement.
***0.24035035, NXT-77RR-KJE8-FJBG-AHX3G, Encountered a problem. Recipient account does not have a public key, must attach a public key announcement.

Received, thanks a lot! 

me too
thanks 

This will be a non-dividend paying asset tied to USD. It will allow USD-valued transfer through NXT. Basically what Bitshares is trying to do now.
You will be able to trade it against NXT through AE, and buy it and withdraw it to fiat through Coinomat. So it will effectively create NXT to USD market on AE.

Received to, thank you!

Can you tell us a little more about the new CoinoUSD asset?

This will be a non-dividend paying asset tied to USD. It will allow USD-valued transfer through NXT. Basically what Bitshares is trying to do now.
You will be able to trade it against NXT through AE, and buy it and withdraw it to fiat through Coinomat. So it will effectively create NXT to USD market on AE.

Very excited for the arrival of this. Fiat gateways will be a fantastic development. Will people be able to deposit dollars and get coinoUSD and return coinoUSD to withdraw dollars?

Exactly! They even will be able to withdraw it to bank cards.
Also there can be very many various applications of this - for example we can offer fiat deposits for exchanges which don't have fiat gateways.  Basically it should be USD on NXT blockchain.

Quote from: coinomat on August 25, 2014, 10:21:24 am

This will be a non-dividend paying asset tied to USD. It will allow USD-valued transfer through NXT. Basically what Bitshares is trying to do now.
You will be able to trade it against NXT through AE, and buy it and withdraw it to fiat through Coinomat. So it will effectively create NXT to USD market on AE.

Very excited for the arrival of this. Fiat gateways will be a fantastic development. Will people be able to deposit dollars and get coinoUSD and return coinoUSD to withdraw dollars?

Imagine it as a closed accounting system, we are liable for the amount of CoinoUSD sold. If we sell CoinoUSD asset for total amount of $1000 we guarantee that we buy it back for $980 (if we charge 2%). Actually this is the way most traditional e-currencies function. It is not a fractional reserve, all fiat we sell the asset for will stay in the reserve, we hope to make profits from the buy/sell spread.
The statistics about the sold assets is public, so it should make the whole thing transparent.

What is backing the CoinoUSD asset?  How can I be assured of being able to withdraw it to fiat?  I suppose I would be taking credit risk with you?