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Nxtty, will it be the new WhatsApp? What affects will it have on the blockchain?
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Author Topic: Nxtty, will it be the new WhatsApp? What affects will it have on the blockchain?  (Read 267728 times)

landomata

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Why did NXTTY drop 60% in value since I bought it. Was it the HYPE or just investors lost confidence in it?

A temporary downturn in sentiment...we hope to reverse the trend very shortly with more positive news.
I didn't comment here for some time. I have to say I'm an investor.
since a year ago, are pending Iphone version, but more convenient create the website, to provide the iphone version. I don't understand ???

Last dividend payment days, you decided not to pay (month ago, you made the choice to continue with 5% ), if you change your mind you should communicate it on time.

just my opinión
grettings

The Nxtty monthly rewards program was for 12 months which ended July 31st, 2015.  There was a blockchain vote which was held to extend the reward program but the total coins that voted was below 10% of the total coin base.  The rewards program is currently in a frozen state pending future developments which could include another poll.

The voting result update after our 1st poll outlined much of the above.
 

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since a year ago, are pending Iphone version, but more convenient create the website, to provide the iphone version. I don't understand ???



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Marc De Mesel

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Nobody knows where the price will go obviously. I don't expect any crypto project to take off big before October 2015 as I believe cryptos are in the first bear market. Bear markets usually last long enough (~2 years on average) to shake out weak hands. Before October 2015 there is plenty of time to develop Nxtty and other crypto projects into something advanced, slick and user-friendly. Before October 2015 prices of crypto currencies and various crypto projects should remain stagnant as I don't see wide adoption happening before then, just because populations are not motivated yet.

If you're in a hurry to make a profit, you better sell now, the price could drop even lower, so you could lose even more.

I hereby nominate devphp as the best price predictor in Nxt 2 year history.
« Last Edit: October 13, 2015, 09:10:47 pm by Marc De Mesel »
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landomata

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We are still working....another update should be published to the Playstore shortly.

landomata

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To increase the effectiveness of the management of NXTTYCOIN we are looking at adding a 9 member Board of directors....full details will follow shortly.

 

landomata

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The NXTTYcoin community will be pioneering the use of Dynamic & Decentralized board membership which will aid the dev team to make better decisions. 

Dynamic board membership is a step forward for the Nxt ecosystem....a full explanation of how we plan to implement dynamic/decentralized board membership will be published shortly.

Dynamic & Decentralized board membership will make use of Nxt Voting system.
« Last Edit: November 06, 2015, 05:31:03 pm by landomata »
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landomata

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As part of our implementation of dynamic board membership....a special voting dividend will be paid to all asset holders that vote.

Full details of the special voting dividend will be published shortly.

landomata

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NXTTYCOIN BOARD OF DIRECTORS VOTING IMPLEMENTATION (Dynamic Board Membership)


The below is a high level description of our planned implementation of dynamic & decentralized Board of Director voting for NXTTYCOIN.  NXTTYCOIN is one of the 1st assets traded on Nxt Asset Exchange.  NXTTYCOIN has been trading for over 1.5 years.



BOARD OF DIRECTOR POLL RULES:


1) Only NXTTYCOIN holders can vote.

2) The Asset issuing account cannot vote in Board of Director polls.

3) Polls will run for 20,000 blocks.

4) Snapshot of poll decision will be taken once less than 10,000 blocks are left till poll finish, this is the 10,000 block cut off limit. 

5) For any vote to count it must be confirmed on the blockchain before the 10,000 block off limit is reached.  The 10,000 block cut off limit will be mentioned in each poll description.

Example:

A Poll starts at block 500,000 & runs to 520,000.  You must vote before block 510,000 to be eligible for board membership on this particular poll.

6) After block 10,000 the poll decision will be taken.  A Poll decision is taken when the NXTTYCOIN POLL CREATION ACCOUNT sends a public message to itself....containing the:

- The poll ID
- The account numbers & The asset balances of the 9 largest holders to have voted before the 10,000 block cut-off
- Actual Vote with their transaction ID

These 9 accounts then become the 9 board members for this particular pollThe majority vote between these 9 accounts becomes the BOARD DECISION.

7) Polls become void if less than 9 accounts vote before the 10,000 block cut off limit is reach.



REWARDS FOR PARTICIPATING IN BOARD VOTES:


1) SPECIAL VOTING DIVIDENDS

a) All asset holders that vote before the 10,000 block cut-off limit is reached will be rewarded with a special Voting Dividend of 1% of their NXTTYCOIN holdings.

b) The special voting dividend will be paid out at the end of each month.

c) The special voting dividend will run for 12 months.  The 1st payment will be in the month of December, 2015.

 
2) BOARD OF DIRECTORS LOTTERY

a) A lottery will run each time a Board of Directors poll (vote) takes place.

b) The participants of the lottery will be all accounts which vote before the 10,000 block cut off limit in a Board of Directors vote.

c) The lottery pot will be 500,000 NXTTYCOIN per. month.  If their are no winners then the pot is rolled over to the next month, the pot then becomes 1,000,000 (1st month - 500,000 & 2nd month - 500,000) NXTTYCOIN.  If there are no winners then the pot keeps rolling over until it reaches the pot limit of 12,000,000 NXTTYCOIN.

D) The lottery is won when the FORGER of the poll creation transaction block also FORGES a block containing an asset holders poll vote transaction.

Example:
ACCOUNT No. 100000000 creates a poll having the Poll ID: 987654321

ACCOUNT No. 123456789 forges the block in which poll ID: 987654321 is confirmed.

NXTTYCOIN asset holder Account No. 5555555555 votes in poll ID: 987654321.

NXTTYCOIN asset holder Account No. 5555555555 poll vote is transaction ID: 71717171717

ACCOUNT No. 123456789 forges the block containing poll transaction ID: 71717171717

NXTTYCOIN asset holder Account No. 5555555555 is the winner of the lottery pot because the same forger who forged the poll creation transaction ID 987654321 also forged the block in which poll vote transaction ID 71717171717 was confirmed.

By using transparent forging as the basis of our lottery we guarantee that the lottery is completely random & fair.  As no forger can determine in advance which blocks he will forge nor can voters predict which forger will forge the blocks in which their transaction is confirmed.
« Last Edit: November 17, 2015, 07:32:53 pm by landomata »
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Jimmy2011

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Hey landomata, the new vote is great. Is there any new development and progress?
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landomata

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Hey landomata, the new vote is great. Is there any new development and progress?

Yes progress is ongoing...we are currently working on a new redesign of the Nxtty user interface.  An update from the 1st phase should be pushed to the playstore in a day or 2.

landomata

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UPDATE

The Nxttycoin community wide poll on the adoption of the dynamic Board membership voting implementation is now live on Nxt blockchain.


The poll name is: Adoption of Dynamic Board of Directors voting by Nxttycoin Community - ASSET VOTE


https://nxtportal.org/polls/9822779888166514407


All NXTTY holders please vote and let us know if you wish to adopt this model.
« Last Edit: November 19, 2015, 07:05:44 pm by landomata »
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landomata

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The new redesign of the Nxtty user interface is underway....the new app color below:

landomata

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UPDATE

The NXTTYCOIN Community has unanimously voted to adopt Dynamic Board of Directors voting as described in our previous post.   December, 2015 will mark the 1st month we will implement the new dynamic Board voting and it's rewards program.


Results:
Yes vote: 70.9 million NXTTY
No vote:  0 NXTTY


All votes were in favor of the adoption.


https://nxtportal.org/polls/9822779888166514407

« Last Edit: December 03, 2015, 10:48:51 pm by landomata »
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landomata

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UPDATE


The 1st Nxttycoin community Board of Directors vote is now live...please vote: https://nxtportal.org/polls/4358113219870212663

landomata

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Nxttycoin Board of Directors Vote - 1

RESULT OF VOTE:  YES 
 9 YES votes -- versus -- 0 NO votes

BOARD MEMBERS:
1. NXT-KKX7-893L-6WBG-9NLTK -- 4,302,845 Nxttycoin 
Voted: YES   -- TX: 17125217047607105609

2. NXT-8Y8X-APKP-VCXZ-DY84Z -- 1,754,588 Nxttycoin
Voted: YES -- TX: 13509247154542422728

3. NXT-CNHJ-42YR-QVZV-GRW8C -- 1,516,812 Nxttycoin
Voted: YES  -- TX: 8714688352048830240

4. NXT-3KLL-HAKP-DEQ8-483V3 -- 1,491,784 Nxttycoin 
Voted: YES  -- TX: 10956475384318128870

5. NXT-FLVS-VRBV-LDPD-6DZ9W -- 1,200,000 Nxttycoin
Voted: YES  -- TX: 9041647268424355354

6. NXT-PSY8-B4SS-JQ7G-AJD86 -- 525,000 Nxttycoin
Voted: YES  -- TX: 9541222964906999805

7. NXT-UX58-2C44-9UR3-H3BJ8 -- 424,542 Nxttycoin
Voted: YES -- TX: 9498870737701419114

8. NXT-GP2L-GD6B-RKRZ-872R7 -- 372,069 Nxttycoin
Voted: YES -- TX: 11654100751904384205

9. NXT-BL9Q-B6W2-MK67-7XW6Z -- 255,256 Nxttycoin
Voted: YES -- TX: 2050784992141341761

FORGER OF THE POLL: NXT-8MVA-XCVR-3JC9-2C7C3

WINNERS OF LOTTERY:
NXT-PSY8-B4SS-JQ7G-AJD86 -  TX No: 9541222964906999805
NXT-HY7N-ZZNL-TBPT-G4YGA - TX No: 3063905077127370829
NXT-CNHJ-42YR-QVZV-GRW8C - TX No: 8714688352048830240
NXT-LYZB-5XFV-BDLY-ESUVT - TX No: 10221198010043803926

The results have been announced on the Blockchain:
Prunable TX: 7112114659872973543
Permanent TX: 9668383342518485464
« Last Edit: December 19, 2015, 09:09:04 pm by landomata »
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landomata

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Additional Board of Directors Vote - 1 Update:

1) The Board of directors vote dividends has been sent out to all those who voted BEFORE the 10,000 block cut off limit.  The dividend is 1% of Nxttycoin holdings.

2) There were 4 winners of the Board of Directors vote lottery....so the 500,000 Nxttycoin prize for December, 2015 is split into 4 parts.  Each winner receives 125,000 Nxttycoins.


WINNERS OF LOTTERY:

NXT-PSY8-B4SS-JQ7G-AJD86 -  TX No: 9541222964906999805
NXT-HY7N-ZZNL-TBPT-G4YGA - TX No: 3063905077127370829
NXT-CNHJ-42YR-QVZV-GRW8C - TX No: 8714688352048830240
NXT-LYZB-5XFV-BDLY-ESUVT - TX No: 10221198010043803926

landomata

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Nxttycoin Board of Directors Vote - 2 is now live...please vote.

landomata

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Nxttycoin Board of Directors Vote - 3 is now live....the vote involves our redesign of Nxtty UI....below is the new UI design.


phideas

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Nxttycoin Board of Directors Vote - 3 is now live....the vote involves our redesign of Nxtty UI....below is the new UI design.
http://i.imgur.com/qPc1sj4.png

New interface is much cleaner so YES. Following Google Material Design is highly recommended.
If you want to attract current "horny" audience you should stick with red color. If it is good for bussiness, I don't care.
Recent version of the app is pretty fast and responsive so no complaints. Please keep it that way.
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www.phideas.info | Telegram: @phideas

landomata

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Nxtty Altcoin Composite Index (ACCI) is a market index comprising the 20 largest cryptocurrencies by market capitalization.


COINMARKETCAP: http://coinmarketcap.com/assets/nxttyacci/


INDEX DETAILS:

- Bitcoin is excluded from the index.     
- The initial Index value is 100.
- The starting date of January 01, 2016.
- Index constituents are reviewed every 7 days.  Depending on circumstances the index portfolio may be adjusted before the 7 day period is completed.
- Index constituents will be removed from the Index if they have 7 straight days of trade volume below usd 1000. 


INDEX CONSTITUENTS:

Ripple
Litecoin
Ethereum
Dash
Dogecoin
Peercoin
BitShares
Stellar
Nxt
MaidSafeCoin
Namecoin
Bytecoin
Monero
Factom
Rubycoin
GridCoin
EmerCoin
Clams
Blackcoin
YbCoin

Nxtty Altcoin Composite Index is published by the Nxttycoin Community.
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