Topic: Nxtty Altcoin Composite Index (NxttyACCI) (Read 46929 times)

landomata · « **on:** July 27, 2015, 03:53:26 am »

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.

cr7yp · « **Reply #1 on:** July 27, 2015, 11:24:06 am »

Watch it!

landomata · « **Reply #2 on:** January 11, 2016, 09:00:18 pm »

The Chameleon project is revealed....

Kevinrasf · « **Reply #3 on:** January 11, 2016, 10:56:20 pm »

Is this something that has to be revealed yet or?

landomata · « **Reply #4 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/

durerus · « **Reply #5 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?

Kevinrasf · « **Reply #6 on:** January 12, 2016, 01:06:34 pm »

Quote from: 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?

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.

landomata · « **Reply #7 on:** January 12, 2016, 05:46:20 pm »

Quote from: 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?

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.

landomata · « **Reply #8 on:** January 12, 2016, 05:52:20 pm »

Quote from: Kevinrasf on January 12, 2016, 01:06:34 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.

landomata · « **Reply #9 on:** January 13, 2016, 08:54:20 pm »

NxttyACCI will be trade-able once phase 2 deployment is complete.

durerus · « **Reply #10 on:** January 14, 2016, 02:38:07 am »

Quote from: landomata on January 13, 2016, 08:54:20 pm

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?

landomata · « **Reply #11 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.

durerus · « **Reply #12 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?

youandmeletsgo · « **Reply #13 on:** January 16, 2016, 01:36:06 am »

Quote from: 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.

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:

i downloaded the nxt.exe straight from nxt.org. dunno why avast keeps blocking this malware. its the windows installer one

landomata · « **Reply #14 on:** January 16, 2016, 10:47:38 pm »

Quote from: youandmeletsgo on January 16, 2016, 01:36:06 am

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

landomata · « **Reply #15 on:** January 16, 2016, 10:58:02 pm »

Quote from: 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?

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.

landomata · « **Reply #16 on:** January 16, 2016, 11:07:38 pm »

NEM & MONACOIN have been added to the Index, CLAMS & RUBYCOIN have been removed.

blackyblack1 · « **Reply #17 on:** January 17, 2016, 07:18:57 am »

Quote from: landomata on January 16, 2016, 10:58:02 pm

Quote from: 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?

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.

Jetboy · « **Reply #18 on:** January 17, 2016, 07:34:03 pm »

Quote from: landomata on January 16, 2016, 10:58:02 pm

Quote from: 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?

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.

landomata · « **Reply #19 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

Alice buys 1 ACCI

Transaction is complete her balance is now 125

She buys ACCI @ usd price 0.671698

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

She sells 1 ACCI

Alice sells @ usd price 0.672590

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...

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Author Topic: Nxtty Altcoin Composite Index (NxttyACCI) (Read 46929 times)

youandmeletsgo