Nxt Forum

Nxt Discussion => Nxt General Discussion => Topic started by: landomata on July 27, 2015, 03:53:26 am

Title: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on July 27, 2015, 03:53:26 am
(http://i.imgur.com/hQdCiTs.png)

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
GridCoin
EmerCoin
NEM
Blackcoin
YbCoin
Monacoin

Nxtty Altcoin Composite Index is published by the Nxttycoin Community.
Title: Re: The Chameleon Project
Post by: cr7yp on July 27, 2015, 11:24:06 am
Watch it!
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 11, 2016, 09:00:18 pm
The Chameleon project is revealed....
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: Kevinrasf on January 11, 2016, 10:56:20 pm
Is this something that has to be revealed yet or?


Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 12, 2016, 09:59:08 am
The Altcoin market is surging....Altcoin Composite Index is up over 6%

http://coinmarketcap.com/assets/nxttyacci/
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: durerus on January 12, 2016, 12:18:52 pm
Since this seems to be an extra asset (asset ID???) - how do NXTTY hodlers profit from that if at all?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: Kevinrasf on January 12, 2016, 01:06:34 pm
Since this seems to be an extra asset (asset ID???) - how do NXTTY hodlers profit from that if at all?

As far as I can see this is not an Asset, but a Monetary System Coin ( token ).

The OP doesnt give much info to attract investors so maybe I am getting it wrong.

Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 12, 2016, 05:46:20 pm
Since this seems to be an extra asset (asset ID???) - how do NXTTY hodlers profit from that if at all?

Nxtty Altcoin Composite Index is a standard index very similar to S&P 500, NASDAQ Composite, etc.... it is not an asset like those on Nxt AE.

To answer your question........Nxttycoin holders will profit once we move to phase two of index deployment.

Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 12, 2016, 05:52:20 pm

As far as I can see this is not an Asset, but a Monetary System Coin ( token ).

The OP doesnt give much info to attract investors so maybe I am getting it wrong.

The index is published for the benefit of the general crypto community and will indirectly open the Nxtty name to a far larger audience.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 13, 2016, 08:54:20 pm
NxttyACCI will be trade-able once phase 2 deployment is complete.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: durerus on January 14, 2016, 02:38:07 am
NxttyACCI will be trade-able once phase 2 deployment is complete.

Will NXTTY hodlers get the same share of NxttyACCI that they hodl of NXTTY?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 15, 2016, 05:54:53 pm
NxttyACCI (ACCI) Distribution Plan



Below is an outline of the NxttyACCI distribution plan:


1) NxttyACCI will be distributed 100% to the Nxttycoin community.

2) Distribution will be according to Nxttycoin holdings. The percentage of your Nxttycoin holdings will determine the percentage of NxttyACCI which you will receive.

3) Trading will be fully enabled once distribution has been completed.

4) There are 800,756,647 NxttyACCI coins in existence.

5) A detailed breakdown of the NxttyACCI price discovery model will be published once distribution is complete.

6) The exact start date & duration period of the NxttyACCI distribution will be provided shortly.


NxttyACCI is an hybrid index coin which is fully trade­able using the Nxt Monetary System.  The index tracks the 20 largest traded cryptocurrrencies appearing on the coinmarketcap website.  The index focus is on market capitalization and is akin to the S&P 500 or NASDAQ Composite Index.  To maintain price fidelity NxttyACCI will only be traded within the Nxt Monetary System.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: durerus on January 15, 2016, 11:40:22 pm
Is this a fund backed with the real coins? If yes, where did you get the money from to buy those coins and give them away to NXTTY hodlers? If no, how will NxttyACCI get any market value?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: youandmeletsgo on January 16, 2016, 01:36:06 am
NxttyACCI (ACCI) Distribution Plan



Below is an outline of the NxttyACCI distribution plan:


1) NxttyACCI will be distributed 100% to the Nxttycoin community.

2) Distribution will be according to Nxttycoin holdings. The percentage of your Nxttycoin holdings will determine the percentage of NxttyACCI which you will receive.

3) Trading will be fully enabled once distribution has been completed.

4) There are 800,756,647 NxttyACCI coins in existence.

5) A detailed breakdown of the NxttyACCI price discovery model will be published once distribution is complete.

6) The exact start date & duration period of the NxttyACCI distribution will be provided shortly.


NxttyACCI is an hybrid index coin which is fully trade­able using the Nxt Monetary System.  The index tracks the 20 largest traded cryptocurrrencies appearing on the coinmarketcap website.  The index focus is on market capitalization and is akin to the S&P 500 or NASDAQ Composite Index.  To maintain price fidelity NxttyACCI will only be traded within the Nxt Monetary System.


Regarding, Point 2 and 4
Question 1 - "Nxttycoin holdings" = coinmarketcap.com/assets/nxttycoin/ . is this right?
Question 2 - so in other words, if i have 1000 nxttycoin (NXTTY), they will be converted into roughly 800 NxttyACCI (ACCI)?

Also...my anti virus Avast keep finding this:
(http://i66.tinypic.com/68zxjk.jpg)(http://i66.tinypic.com/4lmtnb.jpg)(http://i68.tinypic.com/1195dz8.jpg)

i downloaded the nxt.exe straight from nxt.org. dunno why avast keeps blocking this malware. its the windows installer one
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 16, 2016, 10:47:38 pm

Regarding, Point 2 and 4
Question 1 - "Nxttycoin holdings" = coinmarketcap.com/assets/nxttycoin/ . is this right?
Question 2 - so in other words, if i have 1000 nxttycoin (NXTTY), they will be converted into roughly 800 NxttyACCI (ACCI)?


Question 1: Yes
Question 2: Yes

Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 16, 2016, 10:58:02 pm
Is this a fund backed with the real coins? If yes, where did you get the money from to buy those coins and give them away to NXTTY hodlers? If no, how will NxttyACCI get any market value?

To answer your above question...No.

NxttyACCI market value is based on the aggregate market value of the 20 cryptocurrencies which make up the index.  The supply & demand situation of the 20 cryptos is what will increase the index price or push it down.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 16, 2016, 11:07:38 pm
NEM & MONACOIN have been added to the Index, CLAMS & RUBYCOIN have been removed.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: blackyblack1 on January 17, 2016, 07:18:57 am
Is this a fund backed with the real coins? If yes, where did you get the money from to buy those coins and give them away to NXTTY hodlers? If no, how will NxttyACCI get any market value?

To answer your above question...No.

NxttyACCI market value is based on the aggregate market value of the 20 cryptocurrencies which make up the index.  The supply & demand situation of the 20 cryptos is what will increase the index price or push it down.
Well you are wrong here.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: Jetboy on January 17, 2016, 07:34:03 pm
Is this a fund backed with the real coins? If yes, where did you get the money from to buy those coins and give them away to NXTTY hodlers? If no, how will NxttyACCI get any market value?

To answer your above question...No.

NxttyACCI market value is based on the aggregate market value of the 20 cryptocurrencies which make up the index.  The supply & demand situation of the 20 cryptos is what will increase the index price or push it down.

Exactly who/how will this happen?

I hold 1 ACCI.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 17, 2016, 09:37:41 pm
Below is a general explanation of how the trade process will work for NxttyACCI:


Alice decides to buy some ACCI...her balance is 223 Nxt

(http://i.imgur.com/njejULA.png)





Alice buys 1 ACCI
(http://i.imgur.com/wIrAmFk.png)





Transaction is complete her balance is now 125
(http://i.imgur.com/IMsFZBj.png)




She buys ACCI @ usd price 0.671698
(http://i.imgur.com/DWRSIxB.png)






Now Alice decides to sell...she has 6 ACCI

(http://i.imgur.com/MfFmHKN.png)






She sells 1 ACCI
(http://i.imgur.com/1koZTZk.png)






Alice sells @ usd price 0.672590
(http://i.imgur.com/AjyDBc3.png)




A more detailed explanation will be provided on how we come to these actual prices, offer method, etc.  Please provide feedback on the above....we are after all human and do make mistakes...
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: youandmeletsgo on January 18, 2016, 02:07:39 am
Will you also be providing a guide on how nxttycoin holders will be getting NxtyACCI? i got some in my nxtty mobile app and some on an exchange too.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: Jetboy on January 18, 2016, 06:45:49 am
Landomat, is ACCI generally a betting mechanism?

Unless you hold the coins in the index on publicly known and verified accounts, it's just playing dice to be honest. That's not a problem in itself but, you need to clarify that properly.

Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: blackyblack1 on January 18, 2016, 07:10:28 am
Landomat, is ACCI generally a betting mechanism?

Unless you hold the coins in the index on publicly known and verified accounts, it's just playing dice to be honest. That's not a problem in itself but, you need to clarify that properly.
There is another important question. What makes this coin track the index of 20 cryptocurrencies? Why does not it track the weather on Mars or a price of Brent barrel?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 18, 2016, 09:11:56 pm
Will you also be providing a guide on how nxttycoin holders will be getting NxtyACCI? i got some in my nxtty mobile app and some on an exchange too.
Yes....please note that NxttyACCI will not be sent to exchanges the Nxtty must be in your own account.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 18, 2016, 09:22:00 pm
Landomat, is ACCI generally a betting mechanism?

Unless you hold the coins in the index on publicly known and verified accounts, it's just playing dice to be honest. That's not a problem in itself but, you need to clarify that properly.

1) NxttyACCI is a pure index similar to the S&P 500:

https://en.wikipedia.org/wiki/S%26P_500_Index


2) NxttyACCI is NOT an Index fund, Exchange traded fund or Mutual fund:

https://en.wikipedia.org/wiki/Index_fund


3) NxttyACCI is a pure index that has the ability to be traded because it exist entirely on a 2nd generation blockchain....a traditional index such as the S&P 500 could not have this ability.


4) All NxttyACCI are at all times public and verifiable due to it's existence on the blockchain.


5) Being on the Nxt blockchain removes all counterparty risk and the need for any centralized exchange.


6) There is a betting mechanism involved in all markets but this mechanism is called speculation.




Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: youandmeletsgo on January 19, 2016, 02:51:10 am
Will you also be providing a guide on how nxttycoin holders will be getting NxtyACCI? i got some in my nxtty mobile app and some on an exchange too.
Yes....please note that NxttyACCI will not be sent to exchanges the Nxtty must be in your own account.

in my own account...where??
NXT Monetary System? i tried it but don't see nxttycoin anywhere when i search for it.
SAE? But SAE will no longer be available as of January 21st, 2016. So do i leave my nxttycoins in there?
myNXT? i have to install this assets plugin first right? so that i can transfer.

Also, for the NXT Monetary System, how much is the fee in NXT do i need to update account info?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: NXT ENTERPRISE on January 19, 2016, 11:56:10 am
Is this index evenly weighted?

Or has it a higher weighing of the upper coins etc.

Maybe a voting could be applied to more heavily hold some coins.

If the alts are going to boom if btc dies or boom if btc booms, then is there an advantage in holding Nxtty over holding NXT.

So it gains only if the average of the top ten out perform nxt.

That is why i would like to see it hold a little more weight in the chosen top four alts with diverse or interesting strategies or ideas..

eg less holding of btc and Lightcoin even though they are higher up their percent of gain maybe less.

NICE CONCEPT THOUGH AND I MAY GRAB SOME.



Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: Kevinrasf on January 19, 2016, 12:38:36 pm
The ACCI hasnt been provided yet to Nxttycoin holders right?

because if so I think something went wrong since I didnt receive any.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: MrCluster87 on January 19, 2016, 02:06:47 pm
Will you also be providing a guide on how nxttycoin holders will be getting NxtyACCI? i got some in my nxtty mobile app and some on an exchange too.
Yes....please note that NxttyACCI will not be sent to exchanges the Nxtty must be in your own account.

in my own account...where??
NXT Monetary System? i tried it but don't see nxttycoin anywhere when i search for it.
SAE? But SAE will no longer be available as of January 21st, 2016. So do i leave my nxttycoins in there?
myNXT? i have to install this assets plugin first right? so that i can transfer.

Also, for the NXT Monetary System, how much is the fee in NXT do i need to update account info?

Hey!! if you have nxtty coin on your mobile app, here is how you could access them from Nxt platform on your desktop: https://www.youtube.com/watch?v=U7MEnWQlmBM
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 19, 2016, 07:30:35 pm
Update


NxttyACCI distribution to Nxttycoin holders has begun today and will run for the next two weeks, if you wish to receive your NxttyACCI stake please move your Nxttycoin to your main account from Bter exchange wallet.


Thank you



Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 19, 2016, 07:40:30 pm

There is another important question. What makes this coin track the index of 20 cryptocurrencies? Why does not it track the weather on Mars or a price of Brent barrel?

Because we saw a need for a clear cut and simple index...which will provide benefit in numerous ways to the general crypto community.  NxttyACCI is a tool and we look forward to providing more useful tools for the blockchain economy. 
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: blackyblack1 on January 19, 2016, 08:55:42 pm

There is another important question. What makes this coin track the index of 20 cryptocurrencies? Why does not it track the weather on Mars or a price of Brent barrel?

Because we saw a need for a clear cut and simple index...which will provide benefit in numerous ways to the general crypto community.  NxttyACCI is a tool and we look forward to providing more useful tools for the blockchain economy.
I did not get an answer to this question: "What makes this coin track the index of 20 cryptocurrencies?"
I'm not asking why you created this index. I'm asking how does it work.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: youandmeletsgo on January 20, 2016, 04:01:47 am
Will you also be providing a guide on how nxttycoin holders will be getting NxtyACCI? i got some in my nxtty mobile app and some on an exchange too.
Yes....please note that NxttyACCI will not be sent to exchanges the Nxtty must be in your own account.

in my own account...where??
NXT Monetary System? i tried it but don't see nxttycoin anywhere when i search for it.
SAE? But SAE will no longer be available as of January 21st, 2016. So do i leave my nxttycoins in there?
myNXT? i have to install this assets plugin first right? so that i can transfer.

Also, for the NXT Monetary System, how much is the fee in NXT do i need to update account info?

Hey!! if you have nxtty coin on your mobile app, here is how you could access them from Nxt platform on your desktop: youtube.com/watch?v=U7MEnWQlmBM

Thanks! that helped me greatly.  ;D



Update


NxttyACCI distribution to Nxttycoin holders has begun today and will run for the next two weeks, if you wish to receive your NxttyACCI stake please move your Nxttycoin to your main account from Bter exchange wallet.


Thank you

(1) main account = the NXT Monetary System account right?

(2) So you said "NxttyACCI will not be sent to exchanges". However, nxttycoin on BTER exchange are held in NXT Addresses. Aren't those addresses already created in the NXT Monetary System? if they are, then ACCI will still be credited to those NXT Addresses? but it won't exist on BTER exchange since there won't be any registry or data about ACCI on BTER's Database. Wouldn't there be some kind of conflict regarding ownership? its like BTER's NXT Addresses owns people's ACCI and these people have no access to their ACCI?

(3) okay...now i would like to know this - has ANYBODY tried withdrawing their nxttycoin from Bter? and if you did succeed in doing so, how many days (or hours hopefully) did you wait? Because i don't wish to send all and have them lock up in "Transaction in Process". my best guess is 7 days? there are some feedbacks regarding "Bter Withdrawals" on this forum thread:

bitcointalk.org/index.php?topic=1215679.0

(4) Is there 2FA on NXT Monetary System? i feel that there is a serious lack of security features in place. although i know everything requires a passphrase in order to execute a function like buying, selling, transfering, updating info, etc...i just don't quite like the idea of how easy it is another person can gain access to the wallet of a random NXT Address. kinda like allowing anybody to view the contents of my physical wallet but not able to do anything to it like take anything out. it's my first time coming across such a Login System and SAE wasn't like this. so....quite new to it. otherwise, please help me to put my concerns at ease. thank you.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: Kevinrasf on January 20, 2016, 09:48:54 am
Will you also be providing a guide on how nxttycoin holders will be getting NxtyACCI? i got some in my nxtty mobile app and some on an exchange too.
Yes....please note that NxttyACCI will not be sent to exchanges the Nxtty must be in your own account.

in my own account...where??
NXT Monetary System? i tried it but don't see nxttycoin anywhere when i search for it.
SAE? But SAE will no longer be available as of January 21st, 2016. So do i leave my nxttycoins in there?
myNXT? i have to install this assets plugin first right? so that i can transfer.

Also, for the NXT Monetary System, how much is the fee in NXT do i need to update account info?

Hey!! if you have nxtty coin on your mobile app, here is how you could access them from Nxt platform on your desktop: youtube.com/watch?v=U7MEnWQlmBM

Thanks! that helped me greatly.  ;D



Update


NxttyACCI distribution to Nxttycoin holders has begun today and will run for the next two weeks, if you wish to receive your NxttyACCI stake please move your Nxttycoin to your main account from Bter exchange wallet.


Thank you


(3) okay...now i would like to know this - has ANYBODY tried withdrawing their nxttycoin from Bter? and if you did succeed in doing so, how many days (or hours hopefully) did you wait? Because i don't wish to send all and have them lock up in "Transaction in Process". my best guess is 7 days? there are some feedbacks regarding "Bter Withdrawals" on this forum thread:

bitcointalk.org/index.php?topic=1215679.0



After all the drama I cannot seriously understand why people still hold anything at Bter.

You are already scared of an locked up transaction doesnt that say enough already about Bter?

Ill let someone else answer the other questions.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: youandmeletsgo on January 20, 2016, 02:42:46 pm
Will you also be providing a guide on how nxttycoin holders will be getting NxtyACCI? i got some in my nxtty mobile app and some on an exchange too.
Yes....please note that NxttyACCI will not be sent to exchanges the Nxtty must be in your own account.

in my own account...where??
NXT Monetary System? i tried it but don't see nxttycoin anywhere when i search for it.
SAE? But SAE will no longer be available as of January 21st, 2016. So do i leave my nxttycoins in there?
myNXT? i have to install this assets plugin first right? so that i can transfer.

Also, for the NXT Monetary System, how much is the fee in NXT do i need to update account info?

Hey!! if you have nxtty coin on your mobile app, here is how you could access them from Nxt platform on your desktop: youtube.com/watch?v=U7MEnWQlmBM

Thanks! that helped me greatly.  ;D



Update


NxttyACCI distribution to Nxttycoin holders has begun today and will run for the next two weeks, if you wish to receive your NxttyACCI stake please move your Nxttycoin to your main account from Bter exchange wallet.


Thank you


(3) okay...now i would like to know this - has ANYBODY tried withdrawing their nxttycoin from Bter? and if you did succeed in doing so, how many days (or hours hopefully) did you wait? Because i don't wish to send all and have them lock up in "Transaction in Process". my best guess is 7 days? there are some feedbacks regarding "Bter Withdrawals" on this forum thread:

bitcointalk.org/index.php?topic=1215679.0



After all the drama I cannot seriously understand why people still hold anything at Bter.

You are already scared of an locked up transaction doesnt that say enough already about Bter?

Ill let someone else answer the other questions.

haha...because i transferred my nxttycoins to Bter way back last year. and didn't keep track of Bter's status. hence the situation i am in right now. the only drama i know is Craptsy. =D
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 20, 2016, 08:39:42 pm
Is this index evenly weighted?


It is evenly weighted....also just to clarify btc is not included in the index.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: eB101 on January 20, 2016, 09:24:43 pm
Is this index evenly weighted?

It is evenly weighted

How is this weight reflected anyways? The piece I am missing in this thread is the mechanism that reflects the indice average of the index in the actual NXT System (AE/MS)?

For example, a web service call that calculates the indice of the index in real time based on coinmarketcap, and places a buy wall accordingly (which could be higher or lesser than previous buy wall). Only then a market of speculation can take place. But I don't think that's the way you are going especially putting a buy wall part which seems impossible in a permanent way, so what's enforcing any kind of speculation honesty (in NXT) from the issuer from which traders can play around with. Otherwise, we could say that the index is based on the value of government debts and it would change nothing right?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 21, 2016, 06:46:14 pm

I did not get an answer to this question: "What makes this coin track the index of 20 cryptocurrencies?"
I'm not asking why you created this index. I'm asking how does it work.

I am sorry for misreading your question.....a full breakdown of how the index works will be provided shortly.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 21, 2016, 07:04:31 pm
Is this index evenly weighted?

It is evenly weighted

How is this weight reflected anyways? The piece I am missing in this thread is the mechanism that reflects the indice average of the index in the actual NXT System (AE/MS)?

For example, a web service call that calculates the indice of the index in real time based on coinmarketcap, and places a buy wall accordingly (which could be higher or lesser than previous buy wall). Only then a market of speculation can take place. But I don't think that's the way you are going especially putting a buy wall part which seems impossible in a permanent way, so what's enforcing any kind of speculation honesty (in NXT) from the issuer from which traders can play around with. Otherwise, we could say that the index is based on the value of government debts and it would change nothing right?

Once the index is fully deployed.....there will be simultaneously buy & sell walls at all specific index price points published to the Nxt blockchain.  In the screenshot below the index price point is 97.26924264 NXT ....which is the USD price of 0.671698 at that specific point in time. 

NxttyACCI does not use a points system such as the S&P 500 & Dow Jones Industrial instead we use a USD equivalent.  In the example below the USD price point at which the index is located is 0.671698 US cents reflected in the Nxt system as 97.26924264 NXT coins.


(http://i.imgur.com/njejULA.png)
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: youandmeletsgo on January 22, 2016, 09:54:17 am
I wonder what is wrong with Bter. never mind how long it takes. but the fact that it has >55 million nxttycoins in its NXT address, i don't see how is there a problem trying to withdraw just some 1000s of nxttycoins. its this NXT address: NXT-LVKY-Q9KY-5Q2Z-AV9JA

You can check out the wallet's contents, what assets it holds, etc...at NXT Monetary System. so according to Landomata, ACCI won't be sent to exchanges. BUT you see, Bter has an NXT Address too and it exists in the NXT Monetary System too. So if none of those 55 million nxttycoins gets moved, won't Bter have like about 44 million ACCI 2 weeks from today??? Unless of course NXT Addresses tied to exchanges aren't part of the ACCI Distribution, then that's fine. but it would be for the best if it is included and Bter has plans to add ACCI to their exchange and all accounts holding nxttycoins will be updated accordingly.

But i'm not gonna put my fingers on that.

clarifications on this please. thank you.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: eB101 on January 22, 2016, 02:01:00 pm

How is this weight reflected anyways? The piece I am missing in this thread is the mechanism that reflects the indice average of the index in the actual NXT System (AE/MS)?

For example, a web service call that calculates the indice of the index in real time based on coinmarketcap, and places a buy wall accordingly (which could be higher or lesser than previous buy wall). Only then a market of speculation can take place. But I don't think that's the way you are going especially putting a buy wall part which seems impossible in a permanent way, so what's enforcing any kind of speculation honesty (in NXT) from the issuer from which traders can play around with. Otherwise, we could say that the index is based on the value of government debts and it would change nothing right?

Once the index is fully deployed.....there will be simultaneously buy & sell walls at all specific index price points published to the Nxt blockchain.  In the screenshot below the index price point is 97.26924264 NXT ....which is the USD price of 0.671698 at that specific point in time. 

NxttyACCI does not use a points system such as the S&P 500 & Dow Jones Industrial instead we use a USD equivalent.  In the example below the USD price point at which the index is located is 0.671698 US cents reflected in the Nxt system as 97.26924264 NXT coins.


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?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 22, 2016, 04:28:55 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.   
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 23, 2016, 07:39:11 pm
I wonder what is wrong with Bter. never mind how long it takes. but the fact that it has >55 million nxttycoins in its NXT address, i don't see how is there a problem trying to withdraw just some 1000s of nxttycoins. its this NXT address: NXT-LVKY-Q9KY-5Q2Z-AV9JA

You can check out the wallet's contents, what assets it holds, etc...at NXT Monetary System. so according to Landomata, ACCI won't be sent to exchanges. BUT you see, Bter has an NXT Address too and it exists in the NXT Monetary System too. So if none of those 55 million nxttycoins gets moved, won't Bter have like about 44 million ACCI 2 weeks from today??? Unless of course NXT Addresses tied to exchanges aren't part of the ACCI Distribution, then that's fine. but it would be for the best if it is included and Bter has plans to add ACCI to their exchange and all accounts holding nxttycoins will be updated accordingly.

But i'm not gonna put my fingers on that.

clarifications on this please. thank you.

If we send to the Bter wallet then the NxttyACCI will be under the control of bter and not the actual owners of the Nxttycoin.

Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: youandmeletsgo on January 24, 2016, 01:25:27 am
I wonder what is wrong with Bter. never mind how long it takes. but the fact that it has >55 million nxttycoins in its NXT address, i don't see how is there a problem trying to withdraw just some 1000s of nxttycoins. its this NXT address: NXT-LVKY-Q9KY-5Q2Z-AV9JA

You can check out the wallet's contents, what assets it holds, etc...at NXT Monetary System. so according to Landomata, ACCI won't be sent to exchanges. BUT you see, Bter has an NXT Address too and it exists in the NXT Monetary System too. So if none of those 55 million nxttycoins gets moved, won't Bter have like about 44 million ACCI 2 weeks from today??? Unless of course NXT Addresses tied to exchanges aren't part of the ACCI Distribution, then that's fine. but it would be for the best if it is included and Bter has plans to add ACCI to their exchange and all accounts holding nxttycoins will be updated accordingly.

But i'm not gonna put my fingers on that.

clarifications on this please. thank you.

If we send to the Bter wallet then the NxttyACCI will be under the control of bter and not the actual owners of the Nxttycoin.

landomata, actual owners of the nxttycoin who holds them on Bter....all their nxttycoins are stored in one NXT Address, no? if the answer is yes, then wouldn't that one NXT address exist in the NXT Monetary System? and wouldn't that one NXT address receive ACCI too because it is holding nxttycoins? All the conditions to receive ACCI are fulfilled. unless NXT Team decides not to send to that one NXT address.

anyway. its been nearly a week. my account on the NXT Monetary System still has a few thousand nxttycoins and has yet to be converted into ACCI. so i continue waiting? do i have to do anything besides just having nxttycoins stored on my account? like make it stake or something? or will they just automatically be converted? you said 2 weeks? 1-2 more days and its going to be 1 week yet i still have nxttycoins and no ACCI yet. So the plan is to slowly send ACCI to accounts that have nxttycoins, one by one?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: taggartd on January 24, 2016, 10:56:22 pm
Update


NxttyACCI distribution to Nxttycoin holders has begun today and will run for the next two weeks, if you wish to receive your NxttyACCI stake please move your Nxttycoin to your main account from Bter exchange wallet.


Thank you

Landomata
what do you mean for "main account"?
I think it's my normal nxt account were i have my nxttycoin. 
I just ask because i didn't received nxttyACCI.
Thanks
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: MrCluster87 on January 25, 2016, 11:01:20 am
Me too, and I moved them from the Nxtty app nxt account to my personal nxt account.  :(
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: komputor on January 25, 2016, 11:05:38 am
Same here. No NxttyACCI received yet.. ???
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 25, 2016, 01:49:12 pm

Landomata
what do you mean for "main account"?
I think it's my normal nxt account were i have my nxttycoin. 
I just ask because i didn't received nxttyACCI.
Thanks

Yes...your nxt account where you hold Nxttycoin.

Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 25, 2016, 01:54:44 pm
Same here. No NxttyACCI received yet.. ???

The distribution is ongoing more than 60% of NxttyACCI have already been distributed to Nxtty holders.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: youandmeletsgo on January 25, 2016, 02:48:31 pm
Same here. No NxttyACCI received yet.. ???

The distribution is ongoing more than 60% of NxttyACCI have already been distributed to Nxtty holders.

i have no idea how nxttyacci coins/assets are being distributed. manually sending to accounts? or by some program? but looking at nxttyacci asset distribution on NXT Monetary System, it appears that not many accounts have nxttyacci. sure...60% of NxttyACCI have already been distributed to nxtty holders. but not 60% of Nxtty holders. many many nxtty holders still do not have nxttyacci. there is a difference and there are a lot of nxtty holders. so...i dunno how much can be done in just a week left.

just a backup question, just in case: what will be done if at the end of 2 weeks and one or more of us here still has no nxttyacci? will you extend or help out if you are one of the person in charge?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: peggy2jj on January 25, 2016, 06:18:35 pm
I received mine few days already. It's under ACCI in Monetary System. Thx
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: youandmeletsgo on January 27, 2016, 02:04:54 am
I received mine few days already. It's under ACCI in Monetary System. Thx

yup. i am well aware of it. i know its there. all i can say is you are one of those lucky few to have received it early. you are not the only one. there are easily 10-30 others too, as it can easily be seen at the "Currency Distribution" of ACCI. and yes...i also know NxttyACCI = ACCI.

Just an update: still haven't received mine.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: Kevinrasf on January 27, 2016, 11:31:47 am
Im not experienced with the Monetary System stuff.

Weird thing is that when you search ACCI in the NRS wallet there is only 1 account buying and selling orders.

What is that?

Is 1 person just buying his own sells or is it something else?

I got ACCI as well how can I sell without any buy orders up?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: youandmeletsgo on January 27, 2016, 02:42:48 pm
Im not experienced with the Monetary System stuff.

Weird thing is that when you search ACCI in the NRS wallet there is only 1 account buying and selling orders.

What is that?

Is 1 person just buying his own sells or is it something else?

I got ACCI as well how can I sell without any buy orders up?

i believe its for testing purposes. and i believe that NRS wallet is responsible for distributing ACCI to all nxtty holders.

congrats on getting yours. i still haven't gotten mine.

trading for ACCI is still disabled until next week i guess.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: Kevinrasf on January 27, 2016, 02:46:11 pm
Im not experienced with the Monetary System stuff.

Weird thing is that when you search ACCI in the NRS wallet there is only 1 account buying and selling orders.

What is that?

Is 1 person just buying his own sells or is it something else?

I got ACCI as well how can I sell without any buy orders up?

i believe its for testing purposes. and i believe that NRS wallet is responsible for distributing ACCI to all nxtty holders.

congrats on getting yours. i still haven't gotten mine.

trading for ACCI is still disabled until next week i guess.

Thanks for replying.

Okay I didnt knew they could block you from trading.

Guess I'll have to wait then.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: youandmeletsgo on January 27, 2016, 03:04:06 pm
Im not experienced with the Monetary System stuff.

Weird thing is that when you search ACCI in the NRS wallet there is only 1 account buying and selling orders.

What is that?

Is 1 person just buying his own sells or is it something else?

I got ACCI as well how can I sell without any buy orders up?

i believe its for testing purposes. and i believe that NRS wallet is responsible for distributing ACCI to all nxtty holders.

congrats on getting yours. i still haven't gotten mine.

trading for ACCI is still disabled until next week i guess.

Thanks for replying.

Okay I didnt knew they could block you from trading.

Guess I'll have to wait then.

got a Q: do you still have your nxttycoins? or do they just simply disappear from your NRS wallet?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: komputor on January 27, 2016, 03:10:15 pm
We're in the crypto-world my friend. If your assets could vanish without your consent (or at least without you having to input your private key) then this forum would have been long abandoned by now. :)
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: youandmeletsgo on January 27, 2016, 03:39:52 pm
We're in the crypto-world my friend. If your assets could vanish without your consent (or at least without you having to input your private key) then this forum would have been long abandoned by now. :)

haha...i realized i asked a stupid question. but i wasn't sure how exactly ACCI was going to be distributed and also do not know if nxttycoins will still be around. i had thought nxttycoins were going to be exchanged for ACCI. landomata can further help out by giving some assurance over this matter.

i guess having been an "early" supporter of Nxtty app don't really help out much. *shrugs*.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: komputor on January 27, 2016, 03:52:54 pm
TBH i'm also not sure about how the ACCI tokens are being distributed. I haven't gotten mine either btw.
My guess - ACCI is a more like a bonus/incentive for nxttycoin holders and you get to keep your nxttycoin.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on January 27, 2016, 06:23:14 pm
TBH i'm also not sure about how the ACCI tokens are being distributed. I haven't gotten mine either btw.
My guess - ACCI is a more like a bonus/incentive for nxttycoin holders and you get to keep your nxttycoin.

1) Distribution is ongoing..those who have not yet received please be patient....all Nxttycoin holders will receive their share of ACCI. 

2) Trading will be enabled once our index automation is complete.

3) Do keep in mind that NxttyACCI is being built for the long term....as long as there are cryptocoins being traded NxttyACCI will track them and holders will be able to buy & sell ACCI.

4) NxttyACCI is a special unique dividend to Nxttycoin community.

Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: eB101 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...
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: nigelyear88 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
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata 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.

Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on February 02, 2016, 08:11:27 pm
We have completed index automation and have now moved to live testing.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata 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.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: durerus 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 ;)
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: blackyblack1 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? :)
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: komputor 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  :-\
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: Stadtfeger on February 06, 2016, 05:05:53 pm
what can i do wit this tokens? i have more than a few millions nxtty assets
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: komputor 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)
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: peggy2jj on February 06, 2016, 05:58:43 pm
It seems like the currency owner doing the selling and buying himself.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: viennavtc 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.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata 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.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata 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.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: taggartd on February 06, 2016, 10:47:06 pm
Hello landomata
distribution is still going on? because i didn't receive nothing until now. Thanks
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: durerus 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)
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata 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.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: durerus 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.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: Stadtfeger on February 08, 2016, 01:34:25 pm
i don´t understand this ACCI ...
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: durerus 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.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: peggy2jj on February 08, 2016, 05:09:33 pm
He has two computers sitting in front of him, one hit offer, the other hit buy. Executed exchange in 1/10 second. No one can beat him.
I thought I can get rich too, better go to work now. ;D
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on February 08, 2016, 08:33:55 pm
i don´t understand this ACCI ...

ACCI is simply an Index (i.e S&P 500) which is also tradeable.

The index itself, how & why it is tradeable and the trade process will be explained in a clear, concise manner before the distribution deadline date on February 16th.

Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on February 09, 2016, 08:17:10 pm
NxttyACCI 101  -- Automated Market Maker



To make sure NxttyACCI is always in line with the market movements of 20 crypto's that make up the index, the ACCI price level must be published to the blockchain at regular intervals.  The publishing of the ACCI price level is a basic function and must be done whether there is trading of ACCI or not. 

To publish ACCI price levels to the blockchain the publishing account (Issuing account) must have Nxt balance to pay the fees....to maintain the continuous running of the publishing engine the nxt balance in the account must not fall below a certain level.  Publishing the ACCI price level is 50% of the process...to actually register the ACCI price level on the blockchain a buy or sell transaction must also take place.  Both the publishing & buy/sell transactions need to pay nxt fee. 

With the enabling of ACCI trading the automated market maker comes into play...its main function is to manage the buy/sell wall by monitoring liquidity levels in the account...for example:

We have a liquidity floor of 1000 nxt...below 1000 nxt the automated market maker will only maintain a maximum SELL wall of 1 ACCI for the publishing engine to sell into....once there is buying and the account balance has increased to 2000 nxt then the market maker will increase the size of the SELL wall.

New balance - liquidity floor = surplus liquidity

2000 - 1000 = 1000 Nxt

Surplus liquidity/ACCI price level = open SELL wall quantity

1000/100 = 10 ACCI   ....so the new SELL wall will be 11 ACCI (10 + 1)

The automated market maker monitors and adjusts the size of the BUY/SELL walls depending on what is happening in the market.

   
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on February 12, 2016, 04:16:21 pm
Nxtty Altcoin Composite Index is up 100% since start of 2016.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: huafei on February 13, 2016, 12:09:31 am
how can we receive ACCI with holding NXTTY?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: youandmeletsgo on February 13, 2016, 01:18:13 am
how can we receive ACCI with holding NXTTY?

You must have nxttycoins on your NXT account at this site: http://localhost:7876/index.html

and that's it. just hold it there and wait patiently till 16th feb. i dunno if you will still qualify though. i mean...i don't know how it works because that's the only criteria told to us: have nxttycoins on there. im guessing as long as you have it BEFORE 16th feb, you should be in the Safe Zone (get ACCI).

lol....i'm still waiting for my share of ACCI ever since 19th/20th Jan 2016. 3-4 more days to 16th Feb!
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: Nexxie on February 13, 2016, 06:06:22 am
Nxtty Altcoin Composite Index is up 100% since start of 2016.

Keep up the good work!
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: google98 on February 13, 2016, 02:03:11 pm
So in my account it shows several assets among which are the nxtty-assets. So I should get the ACCI until Feb 16 under "Monetary System", right? Or is there anything else I have to do with the assets?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on February 13, 2016, 08:22:10 pm
So in my account it shows several assets among which are the nxtty-assets. So I should get the ACCI until Feb 16 under "Monetary System", right? Or is there anything else I have to do with the assets?

That is correct....there is nothing else you have to do.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on February 13, 2016, 08:38:43 pm
how can we receive ACCI with holding NXTTY?

Just keep the NXTTY in your account....that's all.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: nigelyear88 on February 16, 2016, 04:45:12 pm
everybody got their ACCI? i got mine!!!  8)

i wonder whats next.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on February 16, 2016, 08:37:32 pm
Update


NxttyACCI distribution is now complete...

If you have not received your ACCI please send me a PM with your account details.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: jasonlee on February 17, 2016, 06:25:48 am


I have not received ACCI, My account is NXT-5746-PL2E-AZTT-22X68

Please check the validation

Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: jasonlee on February 17, 2016, 06:46:55 am
Update


NxttyACCI distribution is now complete...

If you have not received your ACCI please send me a PM with your account details.


I have not received ACCI, My account is NXT-5746-PL2E-AZTT-22X68
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: Nexxie on February 17, 2016, 05:07:10 pm
Nice!

Where does it go from here?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on February 18, 2016, 10:37:23 pm
NxttyACCI has been sent to those who have PM me....
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on February 18, 2016, 10:42:23 pm
Nice!

Where does it go from here?

1) We are working on the initial phrase of our awareness strategy....NxttyACCI is 1st an index which is ahead of its time so we need to carefully build and communicate our story.

2) Completing further optimizations.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on February 18, 2016, 10:56:21 pm
NxttyACCI 101  -  Quick price calculation


To quickly calculate the USD price of NxttyACCI simply take the last published price of ACCI from inside the Nxt client or nxt block explorer:


(ACCI price quoted in Nxt) X (current per. nxt in usd) = USD price


132.634885510 x 0.008525 = 1.13 usd


Note...you can simply round the ACCI price in nxt to the nearest whole number 133 x .008525 = 1.13 usd



Same goes for the calculating the price in Bitcoin or any other currency.


Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: jasonlee on February 19, 2016, 01:36:15 am
NxttyACCI has been sent to those who have PM me....

Thank you very much, I have received NxttyACCI~!
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: gck on February 19, 2016, 11:16:54 am
Haven't had a chance to look yet (catching up)...but what was the conversion rate from Nxttycoin to NxttyACCI?  Something like 80% of your total Nxttycoin holdings?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on February 19, 2016, 05:34:43 pm
Haven't had a chance to look yet (catching up)...but what was the conversion rate from Nxttycoin to NxttyACCI?  Something like 80% of your total Nxttycoin holdings?

Yes...something like that.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: gck on February 19, 2016, 07:29:18 pm
Got my NxttyACCI.  Thanks!
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: youandmeletsgo on February 21, 2016, 11:44:05 am
NxttyACCI (ACCI) Distribution Plan



Below is an outline of the NxttyACCI distribution plan:


1) NxttyACCI will be distributed 100% to the Nxttycoin community.

2) Distribution will be according to Nxttycoin holdings. The percentage of your Nxttycoin holdings will determine the percentage of NxttyACCI which you will receive.

3) Trading will be fully enabled once distribution has been completed.

4) There are 800,756,647 NxttyACCI coins in existence.

5) A detailed breakdown of the NxttyACCI price discovery model will be published once distribution is complete.

6) The exact start date & duration period of the NxttyACCI distribution will be provided shortly.


NxttyACCI is an hybrid index coin which is fully trade­able using the Nxt Monetary System.  The index tracks the 20 largest traded cryptocurrrencies appearing on the coinmarketcap website.  The index focus is on market capitalization and is akin to the S&P 500 or NASDAQ Composite Index.  To maintain price fidelity NxttyACCI will only be traded within the Nxt Monetary System.


okay! got my ACCI too! im a little late on checking back since i just got done with my busy week.

Now...looks like all the above are done...except point 3) Trading will be fully enabled once distribution has been completed.

so when will this be exactly?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: durerus on February 21, 2016, 05:52:12 pm
Already ordered my Lambo. When will the market for ACCI become more liquid?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on February 21, 2016, 07:52:02 pm

okay! got my ACCI too! im a little late on checking back since i just got done with my busy week.

Now...looks like all the above are done...except point 3) Trading will be fully enabled once distribution has been completed.

so when will this be exactly?

There is a small MS bug which is causing the delay we are already working with the core dev's to resolve it.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: durerus on February 22, 2016, 12:13:04 am
Great! Looking forward to cash in my 100 million NXT.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: viennavtc on February 22, 2016, 02:37:36 pm
ha a lambo... that's small potatoes... i just signed the dotted line for a couple of beach houses on the US east coast... can't wait for ACCI to start trading.. as long as lando doesn't run out of money in your step 2 of the 3 step plan we should be set!  i might still be able to afford a lambo even with the two houses so i need to get moving... maybe you can PM me with the latest models!
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: Nexxie on February 22, 2016, 03:30:58 pm
You guys should really consider making this index a succes, which will benefit you a whole lot more in the longer run.
Rather then trying to cash out quickly and crashing this ingenious piece of technology.
Cashing out will put a lot of pressure on the price and will chase away new investors.
You have to make sure the market is liquid enough to trade the index.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: durerus on February 22, 2016, 03:56:25 pm
You guys should really consider making this index a succes, which will benefit you a whole lot more in the longer run.
Rather then trying to cash out quickly and crashing this ingenious piece of technology.
Cashing out will put a lot of pressure on the price and will chase away new investors.
You have to make sure the market is liquid enough to trade the index.

Alright, what should I do? As long as I can cash out my 100 million NXT in the end, I am fine.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on February 22, 2016, 07:28:32 pm
Nxttycoin -> NxttyACCI Swap Pilot Project


Timeframe: 3 months
Swap ratio: 1:1
Swap quantity limit: 50,000,000 Nxttycoin
Swap method: manual


The swap pilot project allows anyone who purchases Nxttycoin on an exchange after February 22, 2016 to swap them for NxttyACCI on a 1:1 basis.

The swap process is very simple...you send the amount you wish to swap to the NxttyACCI issuing account - NXT-NP45-W9T8-E78H-3B8L7 .  Within 6 hours the quantity of NxttyACCI matching the amount of Nxttycoins you have sent will be transferred to your account.

So...you send 1,000,000 Nxttycoin...you will receive 1,000,000 NxttyACCI.

The program will run for 3 months after which we will assess whether to continue the program for another 3 months.  Once the 50,000,000 Nxttycoin swap limit is reached swapping will be halted.

Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: youandmeletsgo on February 23, 2016, 01:01:28 am
Nxttycoin -> NxttyACCI Swap Pilot Project


Timeframe: 3 months
Swap ratio: 1:1
Swap quantity limit: 50,000,000 Nxttycoin
Swap method: manual


The swap pilot project allows anyone who purchases Nxttycoin on an exchange after February 22, 2016 to swap them for NxttyACCI on a 1:1 basis.

The swap process is very simple...you send the amount you wish to swap to the NxttyACCI issuing account - NXT-NP45-W9T8-E78H-3B8L7 .  Within 6 hours the quantity of NxttyACCI matching the amount of Nxttycoins you have sent will be transferred to your account.

So...you send 1,000,000 Nxttycoin...you will receive 1,000,000 NxttyACCI.

The program will run for 3 months after which we will assess whether to continue the program for another 3 months.  Once the 50,000,000 Nxttycoin swap limit is reached swapping will be halted.

just to be clear - this isn't point 3) Trading will be fully enabled once distribution has been completed. Right?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on February 23, 2016, 06:28:16 pm

just to be clear - this isn't point 3) Trading will be fully enabled once distribution has been completed. Right?

No...they are completely different....two separate things.

Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on February 25, 2016, 08:07:51 pm
Update:


1) We are planning some NxttyACCI currency polls which will outline parameters and rules for imposing Account Control on the ACCI issuing account.

2) The MS bug mentioned in my previous post has been resolved....we look forward to smooth trading within a day or two.

 
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: gck on February 26, 2016, 01:39:42 pm
So...if my math is right, one NxttyACCI is currently worth $1.35 on CMC.  Multiply that by the amount created (800,756,647) and you have a market cap of $1,081,021,473 and some change.

That puts us (once CMC updates the available supply and cap) squarely in the #2 spot of ALL crypto...just behind Bitcoin...and a market cap nearly twice that of Ethereum...with the potential on going higher (and of course...lower) depending on the ALT market performance.

That should grab people's attention.  Question is...will they bite?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: viennavtc on February 26, 2016, 03:23:25 pm
if you think these index coins made out of thin air are actually worth $1.35 each, i have some landomatacoins i would like to sell you.  Give me an a hour or so to create the currency and then buy 100 for $100 on the asset exchange. 
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on February 26, 2016, 04:27:35 pm
if you think these index coins made out of thin air are actually worth $1.35 each, i have some landomatacoins i would like to sell you.  Give me an a hour or so to create the currency and then buy 100 for $100 on the asset exchange.

If you feel they are worthless can you please send back your NxttyACCI holding to the issuing account.



Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: chanc3r on February 26, 2016, 07:24:05 pm
if you think these index coins made out of thin air are actually worth $1.35 each, i have some landomatacoins i would like to sell you.  Give me an a hour or so to create the currency and then buy 100 for $100 on the asset exchange.

If you feel they are worthless can you please send back your NxttyACCI holding to the issuing account.

No need to bother Landomata send them to me  ;D ;D ;D
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: youandmeletsgo on February 28, 2016, 02:35:10 am
Update:


1) We are planning some NxttyACCI currency polls which will outline parameters and rules for imposing Account Control on the ACCI issuing account.

2) The MS bug mentioned in my previous post has been resolved....we look forward to smooth trading within a day or two.

more than 2 days already...

your post: February 25, 2016, 08:07:51 pm
my post: February 28, 2016, 02:35:10 am

Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: youandmeletsgo on February 28, 2016, 02:35:47 am
...zzz....modify function make me double post. my bad
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on February 28, 2016, 06:59:06 pm
Update:


1) We are planning some NxttyACCI currency polls which will outline parameters and rules for imposing Account Control on the ACCI issuing account.

2) The MS bug mentioned in my previous post has been resolved....we look forward to smooth trading within a day or two.

more than 2 days already...

your post: February 25, 2016, 08:07:51 pm
my post: February 28, 2016, 02:35:10 am

The ACCI market is now fully enabled and working.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: NXT ENTERPRISE on February 29, 2016, 12:20:09 am
So...if my math is right, one NxttyACCI is currently worth $1.35 on CMC.  Multiply that by the amount created (800,756,647) and you have a market cap of $1,081,021,473 and some change.

That puts us (once CMC updates the available supply and cap) squarely in the #2 spot of ALL crypto...just behind Bitcoin...and a market cap nearly twice that of Ethereum...with the potential on going higher (and of course...lower) depending on the ALT market performance.

That should grab people's attention.  Question is...will they bite?

Can the valuation of this coin be described?

So this is a nxt colored coin based as an index on the top 20 alt coins.

Updated in price every hour or so?

The alt coins are at the update time converted to USD.

So each coin is an valuation in USD of the current exchange rate of the top 20 altcoins.

SO how many coins are there now and what is their current valuation?

Where is the liquidity?

Is there any asset here other than the automation programming?

How much USD is this colored coin now holding to back the valuation?

Does this coin at any stage own anything?

Any Altcoins in posession?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: youandmeletsgo on February 29, 2016, 07:41:23 am
Update:


1) We are planning some NxttyACCI currency polls which will outline parameters and rules for imposing Account Control on the ACCI issuing account.

2) The MS bug mentioned in my previous post has been resolved....we look forward to smooth trading within a day or two.

more than 2 days already...

your post: February 25, 2016, 08:07:51 pm
my post: February 28, 2016, 02:35:10 am

The ACCI market is now fully enabled and working.

Glad to hear  :)
But no buyers  :( :D
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: gck on February 29, 2016, 11:43:29 am
So...if my math is right, one NxttyACCI is currently worth $1.35 on CMC.  Multiply that by the amount created (800,756,647) and you have a market cap of $1,081,021,473 and some change.

That puts us (once CMC updates the available supply and cap) squarely in the #2 spot of ALL crypto...just behind Bitcoin...and a market cap nearly twice that of Ethereum...with the potential on going higher (and of course...lower) depending on the ALT market performance.

That should grab people's attention.  Question is...will they bite?

Can the valuation of this coin be described?

So this is a nxt colored coin based as an index on the top 20 alt coins.

Updated in price every hour or so?

The alt coins are at the update time converted to USD.

So each coin is an valuation in USD of the current exchange rate of the top 20 altcoins.

SO how many coins are there now and what is their current valuation?

Where is the liquidity?

Is there any asset here other than the automation programming?

How much USD is this colored coin now holding to back the valuation?

Does this coin at any stage own anything?

Any Altcoins in posession?

Most of these are answered in the previous posts, but I'll answer.  Landomata can correct me if I am wrong.

Can the valuation of this coin be described?  A pure index of the top 20 ALTs, similar to the S&P 500, and can be traded

So this is a nxt colored coin based as an index on the top 20 alt coins.  Pretty much

Updated in price every hour or so?  I believe so.  ALT coins included are evaluated every 7 days manually (sooner if need be)

The alt coins are at the update time converted to USD.  Yes

So each coin is an valuation in USD of the current exchange rate of the top 20 altcoins.  Yep

SO how many coins are there now and what is their current valuation?  800,756,647, currently $1.38 per coin.

Where is the liquidity?  Question of the year!  There is no liquidity right now.  My hope is that when CMC updates the market cap this will have high visibility as it will be a solid #2 on the list.  Perhaps that will get people buying, but there is no guarantee.

Is there any asset here other than the automation programming?  No, other than NxttyACCI itself

How much USD is this colored coin now holding to back the valuation?  None.  The only holding is NXT for exchange fees and that is what the algo does to insure that is always available

Does this coin at any stage own anything?  No

Any Altcoins in posession?  No
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: durerus on February 29, 2016, 04:41:07 pm
My hope is that when CMC updates the market cap this will have high visibility as it will be a solid #2 on the list.  Perhaps that will get people buying

Are you serious?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: gck on February 29, 2016, 06:24:59 pm
My hope is that when CMC updates the market cap this will have high visibility as it will be a solid #2 on the list.  Perhaps that will get people buying

Are you serious?

No... :)  Realistically...this probably won't go anywhere.  I'd like to be proven wrong.  It would be nice to make Bitcoin 2013 like profits for once. 

Decent idea though.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: NXT ENTERPRISE on March 01, 2016, 06:34:41 am
I think the idea is great but it is a coin - currency with no money in it.

it just tracks other monies. so it is a derivative of these other markets.

I should then just buy and sell these alts as then i am sure i have the coins.

The paper - coins you are passing around is ment to have the gold in the vault.

I think it may even work as people will want to trade theses alts but there is something missing.

i could understand if there was an ICO and the money went to buy all these alts.

There would be backing.

Its a strange idea.

So these coins are already given a value based on what.

The total value of all the alts added up and made into USD.

Then how many NXT required to buy $1USD of this tracking coin with nothing in it other than desire from others.

Well actually it maybe fine as that is the value of all these crypto coins.

No one wants them they drop to $0

You could have chosen an arbitrary figure like $1 = 1 NXT

At present i would rather buy SuperBTCD or SuperEth or if soon SuperLisk

But i will watch and see ow it goes.

Perhaps good for in and out short term only trades
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 02, 2016, 08:12:41 pm
I think the idea is great but it is a coin - currency with no money in it.

it just tracks other monies. so it is a derivative of these other markets.

I should then just buy and sell these alts as then i am sure i have the coins.

Its a strange idea.

So these coins are already given a value based on what.



You can buy any alts which make up the index instead of the index but over time you have the benefit of seeing the index performance and then you can compare what your return would have been over specific timeframes....NxttyACCI is only 2 months old, let us get couple years of performance data so that everyone can see how it performed against all the alts currently trading on the market.

Altcoins will come and go but the index will persist....the S&P 500 is decades old but the individual companies that make up the S&P 500 have changed beyond recognition.

NxttyACCI marketcap will always match the 20 altcoins which make up the index....this is by design ....how can an index not match the total market capitalization of its constituents?

 
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: blackyblack1 on March 02, 2016, 08:33:51 pm
NxttyACCI marketcap will always match the 20 altcoins which make up the index....this is by design ....how can an index not match the total market capitalization of its constituents?
It's true. But it is impossible to sell NxttyACCI.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: durerus on March 02, 2016, 08:48:22 pm
How can an index of a value itself be of the value it indicates?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 03, 2016, 07:36:46 pm
NxttyACCI marketcap will always match the 20 altcoins which make up the index....this is by design ....how can an index not match the total market capitalization of its constituents?
It's true. But it is impossible to sell NxttyACCI.

Impossible is nothing.  ;)
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 03, 2016, 07:37:20 pm
How can an index of a value itself be of the value it indicates?

That's the beauty of crypto...
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: viennavtc on March 04, 2016, 03:03:27 am
lando, i guess you don't realize that s&p 500 funds and any stock etf owns the underlying stocks?  so that's why they are worth something?!?  and not created out of thin air?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: geekhaven on March 05, 2016, 12:14:38 pm
You cant place an order for this. It just says only the creator can create etc... etc...
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 05, 2016, 08:03:33 pm
lando, i guess you don't realize that s&p 500 funds and any stock etf owns the underlying stocks?  so that's why they are worth something?!?  and not created out of thin air?

I will repeat...NxttyACCI is a pure index such as the S&P 500 index: https://en.wikipedia.org/wiki/S%26P_500_Index

NxttyACCI is not an ETF: https://en.wikipedia.org/wiki/Exchange-traded_fund or index fund such as the Vanguard 500 Index Fund: https://en.wikipedia.org/wiki/Index_fund

NxttyACCI does not buy or hold the cryptos which are included of it's index.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 05, 2016, 08:10:19 pm
You cant place an order for this. It just says only the creator can create etc... etc...

Only the market maker (issuing account) can place buy & sell orders.  This process is automated and the buy/sell offers are based on the actually price level of the index.

Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: viennavtc on March 06, 2016, 01:14:46 am
you should have made just one then and stuck it on the wall in your room - that way you wouldn't have bothered all of us
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: geekhaven on March 06, 2016, 02:56:57 am
You cant place an order for this. It just says only the creator can create etc... etc...

Only the market maker (issuing account) can place buy & sell orders.  This process is automated and the buy/sell offers are based on the actually price level of the index.
Market maker has automated sells only. So you can buy but you sure as hell can't sell.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 06, 2016, 07:32:30 pm

Market maker has automated sells only. So you can buy but you sure as hell can't sell.

Sells will be activated once the minimum liquidity level of Nxt in the account is passed.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: martismartis on March 06, 2016, 08:04:26 pm

Market maker has automated sells only. So you can buy but you sure as hell can't sell.

Sells will be activated once the minimum liquidity level of Nxt in the account is passed.

How much is minimum and which account?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 08, 2016, 08:02:12 pm

Market maker has automated sells only. So you can buy but you sure as hell can't sell.

Sells will be activated once the minimum liquidity level of Nxt in the account is passed.

How much is minimum and which account?

Issuing account...the minimum amount must be kept proprietary.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 10, 2016, 08:52:48 pm
We have plans to build a web interface where anyone can buy/sell NxttyACCI without using the Nxt client.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: martismartis on March 10, 2016, 09:35:13 pm
We have plans to build a web interface where anyone can buy/sell NxttyACCI without using the Nxt client.

Why do you need additional platform for this?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 10, 2016, 09:45:50 pm
We have plans to build a web interface where anyone can buy/sell NxttyACCI without using the Nxt client.

Why do you need additional platform for this?

We want to make trading of NxttyACCI plus any future indexes we publish as easy as possible.


NxttyACCI will be only one instrument in our overall product offering.


The product offering will be explained in the business model published during the Nxttycoin publishing department ICO.   
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: rubenbc on March 10, 2016, 10:26:44 pm
Nxttycoin publishing department **ICO**??

You did a good ipo (two years ago?), do you want to do another *ICO* more?

Im waiting for your explanation or your road map but sincerely If you want to collect new founds Im out.

Social App without apple versión...

Rubén


Enviado desde mi P5200 mediante Tapatalk

Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 12, 2016, 06:19:16 pm
Nxttycoin publishing department **ICO**??

You did a good ipo (two years ago?), do you want to do another *ICO* more?

Im waiting for your explanation or your road map but sincerely If you want to collect new founds Im out.

Social App without apple versión...

Rubén


Enviado desde mi P5200 mediante Tapatalk

Nxttycoin Board of Directors voted on this issue in January:

Nxttycoin Board of Directors Vote ­- 2
POLL ID:12757684537551000876

Result: YES

1. NXT-4NLE-HH6S-95GC-68C84 -  YES - TX: 2625994730162952163 - 7,376,250 (Nxttycoin)
2. NXT-KKX7-893L-6WBG-9NLTK - YES - TX: 2752371909970317795 - 6,845,873 
3. NXT-8Y8X-APKP-VCXZ-DY84Z - YES - TX: 1972527004139501769 - 1,772,134 
4. NXT-CNHJ-42YR-QVZV-GRW8C - YES - TX: 1791822083086188856 - 1,651,980 
5. NXT-3KLL-HAKP-DEQ8-483V3 - YES - TX: 16585356474298657045 - 1,506,702 
6. NXT-FLVS-VRBV-LDPD-6DZ9W -  YES - TX: 7193521488377578015 - 1,070,000 
7. NXT-73HF-VZV7-G3XZ-BKHWK -  YES - TX 13129149559693468329 - 1,050,000 
8. NXT-PSY8-B4SS-JQ7G-AJD86 -  YES - TX 7565023441070945184 - 500,000 
9. NXT-GP2L-GD6B-RKRZ-872R7 -  YES - TX 12242639155623676746 - 474,964

https://nxtforum.org/general-discussion/nxtty-will-it-be-the-new-whatsapp-what-affects-will-it-have-on-the-blockchain/2360/

....You can also check the vote result in the Nxtportal block explorer...under poll tab...then scroll to 2nd page.

Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: geekhaven on March 12, 2016, 06:46:06 pm
No one is going to buy your 'money' if it has no value, and without buy orders it has no value.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 12, 2016, 08:50:52 pm
No one is going to buy your 'money' if it has no value, and without buy orders it has no value.

There is a lot of work to be done but we definitely look forward to proving you wrong.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: geekhaven on March 14, 2016, 09:54:54 am
So do I.

Unfortunately you cannot convince me or anyone with any cryptocoin experience that your 'instrament' has value if you are unwilling to pay the value you claim it has.

Something must be transacted for a value to be established and it must bee transacted between someone who is happy to sell at a price and someone who is happy to buy at a price.

Currently you are selling it but not buying it and there are no buy offers. From a both a theoretical and functional point of view you are doing the financial equivalent of masturbating.

Also what your are offering is the mirror of real world financial instrument lacking any fiscal backing. It's like taking a photo of a work of art and charging people full price not to buy it, but to gaze upon your reproduction of it.

What si the product, what is the use case, what benefit does it offer an end user. Without meaningful answers all we have is a clever sounding fiscal instrument designed to lure the gullible and naive.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 14, 2016, 05:32:44 pm

What si the product, what is the use case, what benefit does it offer an end user. Without meaningful answers all we have is a clever sounding fiscal instrument designed to lure the gullible and naive.

It seems you are thinking too much into what NxttyACCI is.  I repeat...it's simply:

1) An index which tracks the cryptocurrency market (excluding Bitcoin).

2) It is also tradeable because it is a cryptocurrency.



Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: blackyblack1 on March 14, 2016, 05:54:02 pm

What si the product, what is the use case, what benefit does it offer an end user. Without meaningful answers all we have is a clever sounding fiscal instrument designed to lure the gullible and naive.

It seems you are thinking too much into what NxttyACCI is.  I repeat...it's simply:

1) An index which tracks the cryptocurrency market (excluding Bitcoin).

2) It is also tradeable because it is a cryptocurrency.
Given the fact it is not actually tradeable only "1) An index which tracks the cryptocurrency market (excluding Bitcoin)." left.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 14, 2016, 06:11:03 pm

What si the product, what is the use case, what benefit does it offer an end user. Without meaningful answers all we have is a clever sounding fiscal instrument designed to lure the gullible and naive.

It seems you are thinking too much into what NxttyACCI is.  I repeat...it's simply:

1) An index which tracks the cryptocurrency market (excluding Bitcoin).

2) It is also tradeable because it is a cryptocurrency.
Given the fact it is not actually tradeable only "1) An index which tracks the cryptocurrency market (excluding Bitcoin)." left.

There has already been buyers & sellers of ACCI....if that doesn't fit the definition of tradeable then I don't know what does.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 16, 2016, 06:24:58 pm
Update


The Nxttycoin Publishing Division is now on Slack, please pm for invite.

Domain: nxttypub.slack.com
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: martismartis on March 16, 2016, 07:13:49 pm

What si the product, what is the use case, what benefit does it offer an end user. Without meaningful answers all we have is a clever sounding fiscal instrument designed to lure the gullible and naive.

It seems you are thinking too much into what NxttyACCI is.  I repeat...it's simply:

1) An index which tracks the cryptocurrency market (excluding Bitcoin).

2) It is also tradeable because it is a cryptocurrency.
Given the fact it is not actually tradeable only "1) An index which tracks the cryptocurrency market (excluding Bitcoin)." left.

There has already been buyers & sellers of ACCI....if that doesn't fit the definition of tradeable then I don't know what does.

Is this some kind of joke? You are buying from yourself. Put buy exchange offer with 0 amount and then buy from yourself:) What do I miss?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 17, 2016, 07:14:45 pm

Is this some kind of joke? You are buying from yourself. Put buy exchange offer with 0 amount and then buy from yourself:) What do I miss?

I was not referring to the actions carried out by issuing/matchmaker account but the actual process of buy & selling done by other nxt accounts.   This was done to highlight that ACCI is in fact tradeable.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 19, 2016, 03:49:58 pm
Elements of DAO design will be incorporated into the Nxttycoin publishing division.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 20, 2016, 06:11:29 pm
We are working to get the initial product of the Nxttycoin publishing division ready by start of the ICO.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 28, 2016, 09:14:25 pm
(http://i.imgur.com/H8jVWPM.png)
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: JR on March 30, 2016, 08:18:04 pm
Landomata, tell me more about that logo  ;) keep up the good work, we trust you and your team!
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 30, 2016, 09:51:13 pm
Landomata, tell me more about that logo  ;) keep up the good work, we trust you and your team!

https://bitcointalk.org/index.php?topic=1418497.new#new
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: gck on March 30, 2016, 10:42:02 pm
How does NxttyACCI tie into this?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on March 31, 2016, 03:44:25 am
How does NxttyACCI tie into this?

NxttyACCI will be offered for sale on Newbium.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: apenzl on March 31, 2016, 06:13:54 am
How does NxttyACCI tie into this?

NxttyACCI will be offered for sale on Newbium.

Is Newbium a website (with Nxt inside?), or a new blockchain?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: eB101 on March 31, 2016, 12:52:41 pm
How does NxttyACCI tie into this?

NxttyACCI will be offered for sale on Newbium.

Is Newbium a website (with Nxt inside?), or a new blockchain?

A website for crypto data services that aims to reach beyond Nxt afaik, however Nxtty holders are in best position to own the revenue benefits, in conjunction with ICO coming shortly (which should bring further crowdsale details I believe). I have a feeling the services will be nice for traders and whales of all kind. Let's see...
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on April 01, 2016, 02:53:37 am
How does NxttyACCI tie into this?

NxttyACCI will be offered for sale on Newbium.

Is Newbium a website (with Nxt inside?), or a new blockchain?

A website for crypto data services that aims to reach beyond Nxt afaik, however Nxtty holders are in best position to own the revenue benefits, in conjunction with ICO coming shortly (which should bring further crowdsale details I believe). I have a feeling the services will be nice for traders and whales of all kind. Let's see...

Newbium is not a new blockchain, it is the spun off coin of the Nxttycoin publishing division.  Nxttycoin board of directors voted to spin off the publishing division offering 40% of the coin in a crowd sale.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on April 03, 2016, 02:02:54 pm
Newbium will integrate the Nxtty Encrypted Messaging and Open Chat technologies.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on April 08, 2016, 10:07:26 pm
Nxttycoin Board of Directors Vote - 9

Should the Newbium (Nxttycoin publishing division) asset be listed on dual blockchains with the breakdown -- 49% on the Ethereum blockchain & 51% on the Nxt blockchain?

A diagram showing the breakdown is below:


(http://i.imgur.com/6kkMuLS.png)
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on April 10, 2016, 08:22:28 pm
Nxttycoin Board of Directors Vote - 9

Should the Newbium (Nxttycoin publishing division) asset be listed on dual blockchains with the breakdown -- 49% on the Ethereum blockchain & 51% on the Nxt blockchain?

A diagram showing the breakdown is below:


(http://i.imgur.com/6kkMuLS.png)

Please vote.

https://www.mynxt.info/poll/17025298210292148214
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: Tosch110 on May 24, 2016, 11:31:01 pm
FYI, maybe that is interesting for you. MyNxt.info added and updated pages for the Monetary System:

https://www.mynxt.info/currencies/

https://www.mynxt.info/currency/12966877553254092177

Regards =)
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on May 29, 2016, 03:44:41 pm
FYI, maybe that is interesting for you. MyNxt.info added and updated pages for the Monetary System:

https://www.mynxt.info/currencies/

https://www.mynxt.info/currency/12966877553254092177

Regards =)

Thanks
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: google98 on June 02, 2016, 03:04:47 pm
Can I exchange my NXTTYACCIs for Newbium?

Don't know what to do with those assets...
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on June 19, 2016, 08:36:48 pm
Can I exchange my NXTTYACCIs for Newbium?

Don't know what to do with those assets...

Just keep them for now.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: ziggy on October 21, 2016, 09:48:16 pm
went over all the posts under this topic finally
I still don't understand why ACCI will have value
the fact is I can not place neither buy oder nor sell order in MS now
so with these ACCIs in my account what can I do?
the whole thing is strange to me ......
 

Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: viennavtc on December 27, 2016, 12:39:31 am
if anyone is wondering, Landomata is the fraud of all frauds... nxttycoin, newbium.. there were a couple more as well... i finally tracked down his IP... he will be out of business soon.
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on December 28, 2016, 11:05:57 pm
if anyone is wondering, Landomata is the fraud of all frauds... nxttycoin, newbium.. there were a couple more as well... i finally tracked down his IP... he will be out of business soon.

Please don't be silly...

Newbium is moving along pretty fine, please visit us: https://coins.newbium.com

I would also like to remind you that Nxttycoin holders control 51% of Newbium.

Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: bitcoinpaul on January 22, 2017, 11:38:15 am
hey lando, can I sell my nxttyacci coins (monetary system) to u pls?
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: edwolf858 on February 08, 2017, 05:21:23 am
Why is there no volume for NxttyACCI? How do you sell it? I downloaded the Nxt client and the "exchange" page for this coin won't let me publish new exchange requests.. any help much appreciated..thx
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: btcchain on February 08, 2017, 01:23:07 pm
Also sitting on around 300k...
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: landomata on February 09, 2017, 12:21:40 am
Why is there no volume for NxttyACCI? How do you sell it? I downloaded the Nxt client and the "exchange" page for this coin won't let me publish new exchange requests.. any help much appreciated..thx

For SELL offers to be published there must be BUY offer liquidity, there must be BUYING of the current SELL offers for new BUY offers to appear.  That is why you are able to only BUY ACCI at this time but cannot SELL ACCI.

 
Title: Re: Nxtty Altcoin Composite Index (NxttyACCI)
Post by: ziggy on April 18, 2017, 05:15:48 pm
Why is there no volume for NxttyACCI? How do you sell it? I downloaded the Nxt client and the "exchange" page for this coin won't let me publish new exchange requests.. any help much appreciated..thx

For SELL offers to be published there must be BUY offer liquidity, there must be BUYING of the current SELL offers for new BUY offers to appear.  That is why you are able to only BUY ACCI at this time but cannot SELL ACCI.
I am not familiar with INDEX or ETF or something like that
just feel something is wrong although I don't know where is it
but the result maybe tell the truth that ACCI have no value because NO buying offer at all for so long time
maybe it is a good idea but not work so far
it is a pitty
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