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Nxtty Altcoin Composite Index (NxttyACCI)  
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Author Topic: Nxtty Altcoin Composite Index (NxttyACCI)  (Read 37813 times)

landomata

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Nxtty Altcoin Composite Index (NxttyACCI)
« 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.
« Last Edit: January 16, 2016, 10:46:04 pm by landomata »
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cr7yp

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Re: The Chameleon Project
« Reply #1 on: July 27, 2015, 11:24:06 am »

Watch it!
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landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #2 on: January 11, 2016, 09:00:18 pm »

The Chameleon project is revealed....

Kevinrasf

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #3 on: January 11, 2016, 10:56:20 pm »

Is this something that has to be revealed yet or?


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landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« 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

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« 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?
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Kevinrasf

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #6 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.

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landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #7 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.

« Last Edit: January 12, 2016, 06:04:17 pm by landomata »
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landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #8 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.

landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #9 on: January 13, 2016, 08:54:20 pm »

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

durerus

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #10 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?
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landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« 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 tradeĀ­able 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

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« 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?
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youandmeletsgo

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #13 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 tradeĀ­able 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
« Last Edit: January 16, 2016, 02:39:09 am by youandmeletsgo »
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landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #14 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

landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #15 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.

landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #16 on: January 16, 2016, 11:07:38 pm »

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

blackyblack1

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #17 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.
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Jetboy

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« Reply #18 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.
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landomata

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Re: Nxtty Altcoin Composite Index (NxttyACCI)
« 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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