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Nxtty Altcoin Composite Index (NxttyACCI)
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Author Topic: Nxtty Altcoin Composite Index (NxttyACCI)  (Read 37825 times)

eB101

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #60 on: January 27, 2016, 06:45:35 pm »


Thanks, makes better sense. My follow up questions then:

- would you update the buy and sell walls manually? What frequency?

- whether the publication of the index price is manual or automatic, the traders will still have the advantage of knowing the true value of the index over the issuer in between the updates of walls. That leaves the issuer in a poor position; traders can just buy right before the updates if the real time index is up, and they can resell right after the updates. This can be done indefinitely, assuming the time of updates is known. Thoughts around this?

- my bigger question around all this is, how do you(issuer) buy the sells, financially speaking? I mean, How much money is dedicated for this to work, especially the first batch of units that are distributed for free to the holders (thanks for that). And what happens when this buy wall initial capital is consumed, are you planning to inject of your own money again?

1) It will be automated...the specific publish frequency might be constant or randomized within a specific time band of lets say 1-5 minutes.  The first step to automation is constant 1 minute block times which we will have after 621000. 

2) There are ways to resolve this issue..one of those can be automation.  Also we will eventually try to get as real time as possible but unlike tradition markets where you have markets that close and open the crypto market is constant; 24/7.  The market is always changing and this presents unique problems and opportunities. 

3) Buy/sells walls are dependant on the amount of NXT in the account so initially the buy/sell walls will be limited as larger trades take place the walls will grow accordingly.  The issuing account is actually an automatic market maker...meaning at all index publish price points there will be liquidity for buy/sell trades whether those trades are big or small.   

Forgot to acknowledge your answers, but it did make sense, there you go and thanks. I'm glad you are going the automation way, I look forward to play to play with those walls, good luck

PS: new nxtty design looks nice. I think this plus an iPhone release, if that is still in plan, would greatly increase usage. Right now there is no point if 80% of your relatives are on iPhone...
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nigelyear88

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #61 on: January 28, 2016, 04:46:51 pm »

Hi. i hope i can find some answers here. i have a problem withdrawing nxttycoin from Bter exchange. But i would like to know if i can screenshot the nxttycoins that are currently stuck in the Withdrawing Process and the NXT Addresses that i have sent them to, will you take them into account with regards to NxttyACCI Distribution? Because i do not want to miss out getting NxttyACCI. Afterall,  I can't cancel the withdrawal requests. So sooner or later they will eventually get sent to the NXT addresses.

I have pm you landomata. Plus check your msg. Thank you
« Last Edit: January 29, 2016, 08:03:24 am by nigelyear88 »
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landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #62 on: January 30, 2016, 08:12:45 pm »

Update:


1) Due to the Bter withdrawal issue facing some holders the end date for NxttyACCI distribution has been extended by two weeks...the new end date is February 16, 2016.


2) Index automation is progressing as planned...the heavy lifting backend is now complete.

landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #63 on: February 02, 2016, 08:11:27 pm »

We have completed index automation and have now moved to live testing.

landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #64 on: February 04, 2016, 06:57:32 pm »

Hi. i hope i can find some answers here. i have a problem withdrawing nxttycoin from Bter exchange.

We have received update from Freeworm of Bter exchange that the Nxtty withdrawal issue has now been fixed.....please try to withdraw and let us know if you still face any issues.

durerus

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #65 on: February 06, 2016, 03:59:28 pm »

Just played a bit with ACCI on the exchange booth. I gotta say: This is the future guys! Create and distribute a billion of tokens out of thin air and buy back for a price of over 100 NXT each. Sold 6 ACCI already. I really like that. 1,2 million more to go...

@ladies: I'll be rich soon, gals. Care to chat? You can find me with nude picture on NXTTY messenger app. Cya ;)
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blackyblack1

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #66 on: February 06, 2016, 04:45:52 pm »

Just played a bit with ACCI on the exchange booth. I gotta say: This is the future guys! Create and distribute a billion of tokens out of thin air and buy back for a price of over 100 NXT each. Sold 6 ACCI already. I really like that. 1,2 million more to go...

@ladies: I'll be rich soon, gals. Care to chat? You can find me with nude picture on NXTTY messenger app. Cya ;)
What could go wrong? :)
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komputor

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #67 on: February 06, 2016, 04:59:04 pm »

Just played a bit with ACCI on the exchange booth. I gotta say: This is the future guys! Create and distribute a billion of tokens out of thin air and buy back for a price of over 100 NXT each. Sold 6 ACCI already. I really like that. 1,2 million more to go...

@ladies: I'll be rich soon, gals. Care to chat? You can find me with nude picture on NXTTY messenger app. Cya ;)

 :D ;D :D ;D :D ;D

Well, at least i get to play around with my first MS tokens  :-\
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Stadtfeger

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #68 on: February 06, 2016, 05:05:53 pm »

what can i do wit this tokens? i have more than a few millions nxtty assets
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komputor

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #69 on: February 06, 2016, 05:22:20 pm »

what can i do wit this tokens? i have more than a few millions nxtty assets

I don't think anyone here has a clue.. we're all still trying to figure it out. Are we millionaires now?  8)
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peggy2jj

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #70 on: February 06, 2016, 05:58:43 pm »

It seems like the currency owner doing the selling and buying himself.
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viennavtc

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #71 on: February 06, 2016, 07:20:00 pm »

what can i do wit this tokens? i have more than a few millions nxtty assets

I don't think anyone here has a clue.. we're all still trying to figure it out. Are we millionaires now?  8)
they are slightly more worthless than the nxttycoins themselves.  looking forward to my landomatacoins.
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landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #72 on: February 06, 2016, 07:41:38 pm »

what can i do wit this tokens? i have more than a few millions nxtty assets

I don't think anyone here has a clue.. we're all still trying to figure it out. Are we millionaires now?  8)

Technically you are....if we work hard and market the Index thereby growing awareness/demand/liquidity then I see no reason you couldn't sell your ACCI holdings for a good profit.

landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #73 on: February 06, 2016, 07:48:19 pm »

NxttyACCI is 1st and foremost an index https://en.wikipedia.org/wiki/S%26P_500_Index

....which tracks the cryptocurrency market excluding Bitcoin. 

Because it is also a cryptocurrency it is also tradeable...which means that anyone will be able to take positions on the general altcoin market by simply trading this coin.

NxttyACCI is the 1st pure Index cryptocurrency in the world.

taggartd

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #74 on: February 06, 2016, 10:47:06 pm »

Hello landomata
distribution is still going on? because i didn't receive nothing until now. Thanks
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durerus

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #75 on: February 07, 2016, 12:36:34 am »

Just played a bit with ACCI on the exchange booth. I gotta say: This is the future guys! Create and distribute a billion of tokens out of thin air and buy back for a price of over 100 NXT each. Sold 6 ACCI already. I really like that. 1,2 million more to go...

@ladies: I'll be rich soon, gals. Care to chat? You can find me with nude picture on NXTTY messenger app. Cya ;)
Dear lads,

I get a lot of PM's lately, because you gals can do the maths quite well. As I said, I own 1,2 million ACCI. They have a ""market" "value"" (""!) of around 130 million NXT or a million CoinoUSD -- and increasing. Maybe I will have a billion NXT or more liquid in the next Altcoin bubble.

Please understand that I don't have a lot of time right now to answer each and every PM. Gotta reflect on what to do with the money. I can really only answer PM's with nice pic. To show you gals that I am a giving person, I will donate 1000 ACCI (worth about 900 CoinoUSD) to every gal that sends me a PM with a nice pic. Be creative! If you don't have an idea, just look in the NXTTY messenger app Open Chat ("Love Bar" or "Anonymous Confessions") for inspiration.

Take your chance to back the world's first pure Index cryptocurrency with your nice pic!


Lots of love,

durerus (technically a millionaire in NXT and for sure in CoinoUSD)
« Last Edit: February 07, 2016, 12:44:06 am by durerus »
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landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #76 on: February 07, 2016, 01:07:11 pm »

Hello landomata
distribution is still going on? because i didn't receive nothing until now. Thanks

Yes...still ongoing the deadline is February 16th.

durerus

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #77 on: February 08, 2016, 01:20:36 pm »

Need a job? I'm hiring:

I pay 250k ACCI (worth around 25 million NXT) to a coder who creates a programme for me that automates the process of selling my ACCI tokens whenever a buy offer in the exchange booth appears. Now that I am rich I can't sit in front of the computer all day and wait for lando's buy offers. Other people are pretty fast too in selling. That's why I need a bot.
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Stadtfeger

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #78 on: February 08, 2016, 01:34:25 pm »

i don´t understand this ACCI ...
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durerus

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #79 on: February 08, 2016, 01:47:28 pm »

i don´t understand this ACCI ...

It's really easy:
1) Create a billion tokens out of thin air, call it an Index Currency (TM) and distribute
2) Buy back around 10 tokens per day at the value of the Index you chose in step 1
3) Hope that people will ascribe the value of the Index to your token one day

P.S.: You can run out of money in step 2.
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