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Nxt Discussion => -Old and Inactive Projects- => Nxt Projects => NXTblocks => Topic started by: antanst on July 08, 2014, 10:51:27 am

Title: ANN: IPVO of NXTblocks virtual profit tokens
Post by: antanst on July 08, 2014, 10:51:27 am
(https://nxtblocks.info/static/img/logom.png)

Official NXTblocks.info launch of virtual profit tokens on the NXT AE platform

Virtual Token Name: NXTblocks

Asset ID: 3374201242031203848 (https://nxtblocks.info/#section/assets_exchange/3374201242031203848)

Issuer Account: NXT-FTH6-9JSZ-8UEU-AJEUY (https://nxtblocks.info/#section/accountId/NXT-FTH6-9JSZ-8UEU-AJEUY)



You can find the official announcement here: https://nxtblocks.info/static/vo/nxtblocks_vo.html (https://nxtblocks.info/static/vo/nxtblocks_vo.html)
GPG signature: https://nxtblocks.info/static/vo/nxtblocks_vo.html.asc (https://nxtblocks.info/static/vo/nxtblocks_vo.html.asc)
GPG key ID: 0xB586A805



What is NXTblocks

NXTblocks is an advanced Blockchain and Asset Exchange Explorer for the NXT financial platform that also provides a market overview of NXT, distribution and blockchain charts and statistics, and an online browser-encrypted wallet service that allows easy management of multiple accounts and contacts.

URL: https://nxtblocks.info (https://nxtblocks.info)

Official twitter account: @nxtblocks (https://twitter.com/nxtblocks)

Support: info@nxtblocks.info (http://mailto:info@nxtblocks.info)

State of the art

NXTblocks announced the first version of its block & asset explorer on May 26th 2014, backed by prominent community members Klee (who owns 4.44% of the project) and Pouncer (who owns 13.33% of the project). Since then, NXTblocks has established itself as one of the prominent NXT services web application in the NXT ecosystem, and we have been consistently serving 700-1200 unique users (different IPs) per day. Our first beta version of the browser-encrypted NXT wallet was announced on June 24th 2014, and twelve days later we had more than 230 registered wallets. We expect those numbers to increase on par with NXT's user acceptance rate.

Features planned in future versions of NXTblocks:

Currently, the project is under heavy planning and development in order to design, implement and incorporate all the necessary features that will make NXTblocks what we aspire it to be, which is the number one destination for those who are interested in NXT or make transactions in NXT. Planned features include:
   
We believe we are uniquely positioned to implement all of the aforementioned features: We have architected our project to be entirely a Javascript web application, which enables us to add features while simultaneously keeping the wallet data browser-encrypted and not compromising the security of our wallet in any way (which would be the case if we stored user data in a server database). Being lightning fast is another bonus feature stemming from this design.

We are pleased to announce our offering of NXTblocks virtual tokens in the NXT Asset Exchange platform.

Each virtual token (NXT AE asset unit) corresponds to a share of the future profits of the NXTblocks project. The total number of tokens is 275'000 and corresponds to 27.5% of the future profits of the project. The tokens are offered via a single sell order at a price of 36NXT per unit (token). NXTblocks virtual tokens are not stocks, bonds or any other kind of financial instrument or security. They carry no voting privileges. Proceeds will be kept in NXT accounts; we will potentially hedge part of them to BTC to protect us from the high NXT volatility.

We are planning to pay dividents to stake holders as soon as NXTblocks becomes profitable, a fact which is tightly coupled to the success and acceptance of NXT itself. Profitability is not expected sooner than December 2014. Stake holders will always be informed via NXT encrypted messages and a quarterly report will be published every three months including an overview of the user adoption so far as well as a profit report of the project including potential dividents to be sent.

Business

As NXT evolves and grows, we expect high growth of NXTblocks in terms of unique daily visitors and registered wallets. A major part of the already implemented functionality of NXTblocks is similar to that of blockchain.info, which has proven to be very successful, with banner advertising as its only source of revenue. In addition to simple payments, NXTblocks will offer services for a financial platform that has many competitive advantages over other cryptocurrencies and respective platforms. The latter gives the opportunity to NXTblocks to exploit additional revenue streams, which include:

Valuation and Comparative Value

We currently consider NXT to be at an early, embryonic stage, and NXTblocks has already gained a large acceptance of the NXT community. We believe that the valuation of NXTblocks at this point is realistic with respect to the NXT value, the current state of NXT and its volatile and risky nature. At this point, any financial/ROI projections would be inherencly arbitrary and based on purely speculative assumptions. Being realistic and setting the token value to 36NXT seems appropriate given the costs and expenses that we have to cover in order to implement all the outstanding features we plan, our promises to our investors and what we aspire NXTblocks to be. We believe NXTblocks has the potential to enjoy similar success to the most prominent Bitcoin wallet blockchain.info, if NXT is widely adopted according to our expectations.

Risks

Investing in NXTblocks should be considered a high risk investment. Potential risks and challenges include:

Investors should have in mind that, to the best of our knowledge, there is no legal mechanism in order to recoup investment in case of business failure. We are operating in new, uncharted frontiers. Individuals are encouraged to perform due diligence and follow the respective laws of their jurisdictions, and never invest more than what they can afford to lose.

Conclusions

We aim to provide the majority of the functions of the official NXT client - and more - with the added convenience of a web interface requiring no software or blockchain downloads. A major vision of the project is to spread and promote NXT, and we will pay particular attention to what the community says. We are grateful for all the constructive comments we have received until now. We will make our best to implement the majority of the presented features even if the current offering has moderate success, fulfilling this way our commitment to our initial investors. However, given the amount of the planned features, expenses of servers, equipment, venue, and most notably hiring costs for developers and software engineers, the funds raised from the token offering will catalyze our progress and enable us to continue on a much faster pace. We believe we have already proved we possess the skills and determination to fulfill our plans and promises.

If NXT succeeds, we will too.

The NXTblocks founders

Antonis Anastasiadis (antanst)    Ilias Zavitsanos (izavits)
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: antanst on July 08, 2014, 10:51:47 am
Me and Ilias (izavits) will be available to answer your questions in this thread. Feedback is always appreciated.
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: Pilot on July 08, 2014, 04:02:06 pm
Are you paying based on Gross Profit or Net Profit?

What are you're revenue, expense and profit projections through 2015?
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: antanst on July 08, 2014, 04:53:04 pm
Are you paying based on Gross Profit or Net Profit?

Net Profit.

Quote
What are you're revenue, expense and profit projections through 2015?

Quoting our announcement:

At this point, any financial/ROI projections would be inherently arbitrary and based on purely speculative assumptions.

We could make all sorts of fancy graphs and financial projections. We will not, for the reasons above. What we will do, is try hard to succeed along with NXT, and stay on the forefront.

Our expenses will primarily be:


To get an idea of our vision, you can look at blockchain.info's revenues (http://bitcoinboard.net/blockchain-info-generates-300000-monthly-revenue), which launched on August 30, 2011, and rode on the success of Bitcoin.
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: Pilot on July 08, 2014, 05:01:39 pm
Thanks for your answers.

I am in the planning stages of an iOS/Android NXT wallet. However, as you say, it needs to be light weight. Will you be charging for your API access? I would rather work with an established service than create and host my own.
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: antanst on July 08, 2014, 05:13:34 pm
The API will be free, but we may have to charge in cases of high volume/traffic. We're still planning the details of it.
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: asic-8tile on July 08, 2014, 09:06:34 pm
No offense guys. You are some really great developers!!! Like most cryptocurrencies out there, they all lack strong business development (business model)/political initiatives... Isle of Mann is a good step so far...

Please help clarify and list costs vs revenue model.

Have you thought of the additional revenue streams for the business model of NXTBlocks.
A vault, NXT Debit card, Investments from Institutions?, Accredited Investors, etc...? ETF like the Twins?
Blockchain.info could make much more money if they diversified and implemented additional revenue streams.
Do you receive any transaction fees from the Exchange?
Where is the other 72.5 %?

----------------------------------------------------------------------------------
Total request of 9,900,000 Million NXT = 831.6 BTC at today's price
6-months development = 5 developers?
Do you have a budget?
Hypothetically, I send you 100,000NXT/36=2,777.77778 NXTBlock tokens
2,777.77778/275,000 = 1% of revenue from 27.5%? 300,000USD/27.5% (if revenues 300,000) = 82,500$
Where is the other 72.5%?

1% of 82,500$ is = 825$/month on an initial investment of 5460$. ROI in less than 7 months. But we are not even close to market cap of BTC...
What are the revenues right now?
Burn rate?

Currently, NXT is going to have to go from 55,000,000$ market cap to well over 8,000,000,000$? to reach the same threshold?
I am not in yet...


- Our salaries - ?NXT converted to BTC?
- Development costs for all planned features we state in the announcement, for some of which (like the Android app) we will hire external contractors - Max NXT/BTC?
- Hiring costs of 5 developers until the end of the year.
- Server and infrastructure costs - NXT? Why 60 large NRS instances??? Use Right-scale to auto build as needed.
- Venue costs - Venue?
- Other unforeseen costs such as legal advisors/lawyers should the need arise -

Where is the marketing, business development, and business model?

Regards,
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: innovator256 on July 08, 2014, 09:19:26 pm
The API will be free, but we may have to charge in cases of high volume/traffic. We're still planning the details of it.

I hope you consider leaving the API as a free service even in cases of high traffic..there are a lot of apps that are going to need an official trustworthy-blockchain-like api you are thinking of providing ...I know nxtpoker is definitely going to rely on a service like yours as I have no interest in maintaining a server with nxt core....

If you change perspective a bit you will see that a symbiotic relationship is likely to exist between your service and apps as they will be indirectly driving new users to your services.
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: Berzerk on July 09, 2014, 06:27:33 am
The API will be free, but we may have to charge in cases of high volume/traffic. We're still planning the details of it.

I hope you consider leaving the API as a free service even in cases of high traffic..there are a lot of apps that are going to need an official trustworthy-blockchain-like api you are thinking of providing ...I know nxtpoker is definitely going to rely on a service like yours as I have no interest in maintaining a server with nxt core....

If you change perspective a bit you will see that a symbiotic relationship is likely to exist between your service and apps as they will be indirectly driving new users to your services.

+1
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: antanst on July 09, 2014, 07:47:02 am
asic-8tile, you have valid questions, but post sounds a bit confused in general. I'm going to try to answer your questions.

No offense guys. You are some really great developers!!! Like most cryptocurrencies out there, they all lack strong business development (business model)/political initiatives... Isle of Mann is a good step so far...

We are not based in the Isle of Man, nor we have any political initiatives. We are not a movement, we're a services provider on top of NXT.

Quote
Have you thought of the additional revenue streams for the business model of NXTBlocks.

Yes, additional revenue streams are detailed in our announcement.

Quote
A vault, NXT Debit card, Investments from Institutions?, Accredited Investors, etc...? ETF like the Twins?

We've already stated the scope of our services in our announcement. The above are outside that scope. We already have a large set of planned features, we must focus on them instead of trying to do everything under the sun.

Quote
Do you receive any transaction fees from the Exchange?

If, by "Exchange" you mean our planned BTC<->NXT AE gateway, yes. This is mentioned in our announcement.

Quote
Where is the other 72.5 %?

It is held by me and Ilias (the core devs), Pouncer and Klee. Let me clarify this.

Out of the project, Pouncer has 13.33% and Klee 4.44%. We (me and Ilias) own the remaining 82.23%.

Out of the 27.5% of the virtual offering, Pouncer has offered for sale 5.5% from his own stake, and the remaining 22% is coming from our stake. Klee has not offered any amount of his stake for sale in this IPVO.

Quote
1% of 82,500$ is = 825$/month on an initial investment of 5460$. ROI in less than 7 months. But we are not even close to market cap of BTC...

That's right, we are not. Investors should not expect a quick ROI, not at this time. Quoting our announcement:

Quote from: antanst
We currently consider NXT to be at an early, embryonic stage, and NXTblocks has already gained a large acceptance of the NXT community. At this point, any financial/ROI projections would be inherencly arbitrary and based on purely speculative assumptions.

Quote from: asic-8tile
What are the revenues right now?

No revenues right now. We've just got started.

Quote
- Our salaries - ?NXT converted to BTC?

NXT is highly volatile to state a fixed salary in NXT. Our salaries will be in the range of 2000-2500€/month.

Quote
- Development costs for all planned features we state in the announcement, for some of which (like the Android app) we will hire external contractors - Max NXT/BTC?

We won't be allocating more than 10% of our budget on the mobile application.

Quote
Why 60 large NRS instances??? Use Right-scale to auto build as needed.

This is a starting number of NRS instances we want to allocate for our backbone infrastructure, and is based on technical reasons. "Right-scale" and "auto-build" don't make sense, sorry.

Quote
- Venue costs - Venue?

Equipment costs and fixed running costs (rental, bills, accounting etc). Not more than 2000€/month.

A quick estimation of our burn rate will be in the range of 15-20'000€ per month. This includes all of the expenses stated in my previous post:

   
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: izavits on July 09, 2014, 07:59:07 am
I hope you consider leaving the API as a free service even in cases of high traffic..there are a lot of apps that are going to need an official trustworthy-blockchain-like api you are thinking of providing ...I know nxtpoker is definitely going to rely on a service like yours as I have no interest in maintaining a server with nxt core....

If you change perspective a bit you will see that a symbiotic relationship is likely to exist between your service and apps as they will be indirectly driving new users to your services.

Hi, this is Ilias (the other co-founder).
This is indeed our perspective. We plan to release an API as a free service. That's the plan.

What we are saying is that, *at this time*, we cannot guarantee that the API will be free in extreme cases (very high traffic, consumimg a large percentage of our bandwidth) because we do not know yet if we can financially support it. We will clarify this issue as soon as the API will be released and it is our personal goal to provide it free.
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: Berzerk on July 09, 2014, 08:31:42 am
Quote
- Our salaries - ?NXT converted to BTC?

NXT is highly volatile to state a fixed salary in NXT. Our salaries will be in the range of 2000-2500€/month.


So you will earn money with your salaries PLUS the 80% of shares you own. Isn't the general approach to work your ass off for the company, collecting money (through this IPVO) and making your 80% worth a lot?!

Don't get me wrong. I LOVE your site and all the work you have done. But isn't it a bit too much for you guys? With 5000€ salaries each month there won't be much left for the investors in the next 2 years.

Additionally you value your company with $200'000. For a website with no revenue and a small userbase.

Please don't get me wrong, I'm just raising some doubts. :)
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: antanst on July 09, 2014, 09:12:23 am
So you will earn money with your salaries PLUS the 80% of shares you own.

No. We expect to live off the profits of the project that correspond to our remaining stake (which will be 60% in the case the IPVO sells out), as soon as the project generates enough profits for us to cover the amount we state for our salaries. Until then, we will fund ourselves from the IPVO funds, hence the salaries mentioned.

Isn't the general approach to work your ass off for the company, collecting money (through this IPVO) and making your 80% worth a lot?!

Yes. We're already "working our asses" off, and we've been doing this for the last 5 months. This is why we need salaries, in order to be able to live off it and focus on it without distractions for the period that the project does not generate revenues.

Quote
Don't get me wrong. I LOVE your site and all the work you have done. But isn't it a bit too much for you guys? With 5000€ salaries each month there won't be much left for the investors in the next 2 years.

I'm not getting you wrong, but I disagree with your reasoning. This is precisely why we're doing the IPVO, in order to cover our living costs among others. Investors will have a portion of the profits, and profits will be distributed appropriately, so I wouldn't say "there won't be much left for the investors in the next 2 years". Salaries do not affect the investors. As soon as NXTblocks becomes profitable, we will start to pay dividents to investors according to their stake.

Quote
Please don't get me wrong, I'm just raising some doubts. :)

No worries, you are asking valid questions. A new startup in the extremely new world of NXT is hard to be valuated. Indeed, NXTblocks has no revenue at the moment. We hope this will change soon when we'll release the gateway,among other features. If NXT succeeds, we expect a large increase of our user base.
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: Berzerk on July 09, 2014, 09:28:49 am
So you will earn money with your salaries PLUS the 80% of shares you own.

No. We expect to live off the profits of the project that correspond to our remaining stake (which will be 60% in the case the IPVO sells out), as soon as the project generates enough profits for us to cover the amount we state for our salaries. Until then, we will fund ourselves from the IPVO funds, hence the salaries mentioned.

Yep, 60% sorry for the wrong number. That makes all clear. I thought that you will pay yourself the salaries from ALL income and the rest will be distributed to the stakeholders. But how you explain it, you aim to pay your salaries of your 60% stake. That's good! :)

Isn't the general approach to work your ass off for the company, collecting money (through this IPVO) and making your 80% worth a lot?!

Yes. We're already "working our asses" off, and we've been doing this for the last 5 months. This is why we need salaries, in order to be able to live off it and focus on it without distractions for the period that the project does not generate revenues.

Of course you are and I'm very proud of you! The above quote made it clear.

Don't get me wrong. I LOVE your site and all the work you have done. But isn't it a bit too much for you guys? With 5000€ salaries each month there won't be much left for the investors in the next 2 years.

I'm not getting you wrong, but I disagree with your reasoning. This is precisely why we're doing the IPVO, in order to cover our living costs among others. Investors will have a portion of the profits, and profits will be distributed appropriately, so I wouldn't say "there won't be much left for the investors in the next 2 years". Salaries do not affect the investors. As soon as NXTblocks becomes profitable, we will start to pay dividents to investors according to their stake.

It all come down to my missunderstanding. ;) In this case everything is clear and good to go!

Please don't get me wrong, I'm just raising some doubts. :)

No worries, you are asking valid questions. A new startup in the extremely new world of NXT is hard to be valuated. Indeed, NXTblocks has no revenue at the moment. We hope this will change soon when we'll release the gateway,among other features. If NXT succeeds, we expect a large increase of our user base.

Good luck! I wish you the best.
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: antanst on July 09, 2014, 10:21:02 am
Good luck! I wish you the best.

Thank you :-) You gave us the chance to make our plans and expenses more clear, and that's a good thing.
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: ThomasVeil on July 09, 2014, 10:56:50 am
Additionally you value your company with $200'000. For a website with no revenue and a small userbase.

Could you say how you got to that number?

From my calculation taking the asset price, it's nearly 2 million dollar (275000*36NXT/0.275*0.052$). But I guess that's more of a "potential" - since you invest in something coming in the future? It seems on the high end in the moment - considering so many unknowns yet, and that it's not a true stake.
If I take the Blockchain.info comparison and multiply the amount by the way NXT would have to grow to become BTC equivalent, then we are at 300 Million dollar. Nobody knows of course if NXT will rise 160 times, but if it happens the 300 Mio valuation would mean ROI in 7 years (as blockchain takes in $300k/month). How does that compare to other risky investments?

Hope it is ok if I post noob calculations. I suppose because of the asset exchange structure many beginners will look into this.
I find the asset super interesting, but want to be very careful, since I don't have whale-amounts to play with.

I'm also curious about the choice of the static asset price. Would it not have been better to make a stepping price (like the NXTventure assets did), so as to incentivize early investing? The DORCS asset did the same static approach - curious what the thinking behind it is.

Hope it works out. Love the site.
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: Berzerk on July 09, 2014, 11:23:16 am
Additionally you value your company with $200'000. For a website with no revenue and a small userbase.

Could you say how you got to that number?

Forgot a zero in my calculator at work. ;)
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: antanst on July 09, 2014, 11:27:38 am
Hope it is ok if I post noob calculations. I suppose because of the asset exchange structure many beginners will look into this.
I find the asset super interesting, but want to be very careful, since I don't have whale-amounts to play with.

Calculations are ok of course, but one should always bear in mind their speculative nature. To be more precise, given the current NXT price the total valuation of the project is approximately $1814400.

Potential is the key word here. We are building an innovative wallet service that will also function as a provable cryptocurrency exchange and offer additional ways to generate revenue, based on the unique features of the NXT platform.

Quote
I'm also curious about the choice of the static asset price. Would it not have been better to make a stepping price (like the NXTventure assets did), so as to incentivize early investing? The DORCS asset did the same static approach - curious what the thinking behind it is.

You are talking about the "ladder" pricing model. We didn't choose this model because it encourages dirty market tactics (and I suppose that's the same reason the DORCS people chose against it). As a hypothetical example, if there were 2 price steps, first at 1 NXT and second at 2 NXT, someone could quickly grab all assets priced at the first level, and immediately put them for sale at 1.5 NXT, this way netting a quick 50% profit.
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: Damelon on July 09, 2014, 01:45:06 pm
You are talking about the "ladder" pricing model. We didn't choose this model because it encourages dirty market tactics (and I suppose that's the same reason the DORCS people chose against it). As a hypothetical example, if there were 2 price steps, first at 1 NXT and second at 2 NXT, someone could quickly grab all assets priced at the first level, and immediately put them for sale at 1.5 NXT, this way netting a quick 50% profit.

This is exactly the reason why we chose not to do it either.
The DORCS Asset and yours are investment assets into a startup.

A ladder immediately attracts speculators, turning the asset into a tool for other means.

I am glad you are actually giving out as much info as possible, even though paradoxically investments coming in are much slower on more fully described Assets than on "Woo, it's gonna be great!!!" Assets. :)

The AE needs to mature enormously, and this is a big step in the right direction!

We'll grow up together :D
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: xibeijan on July 10, 2014, 02:12:25 am
Quote
- Our salaries - ?NXT converted to BTC?

NXT is highly volatile to state a fixed salary in NXT. Our salaries will be in the range of 2000-2500€/month.


So you will earn money with your salaries PLUS the 80% of shares you own. Isn't the general approach to work your ass off for the company, collecting money (through this IPVO) and making your 80% worth a lot?!

Don't get me wrong. I LOVE your site and all the work you have done. But isn't it a bit too much for you guys? With 5000€ salaries each month there won't be much left for the investors in the next 2 years.

Additionally you value your company with $200'000. For a website with no revenue and a small userbase.

Please don't get me wrong, I'm just raising some doubts. :)

Calculations are ok of course, but one should always bear in mind their speculative nature. To be more precise, given the current NXT price the total valuation of the project is approximately $1814400.


The valuation seems too high (also with too much reliance on ideal scenarios) and does appear to leave much room for investors to earn a good return.  The deal does not seem sweet enough.
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: xibeijan on August 04, 2014, 06:54:15 am
Tumbleweed....

Sales seem kind of slow.  Perhaps you need to offer more value to investors?  Your valuation is way too high.
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: antanst on August 04, 2014, 10:13:53 am
We have some features brewing; hopefully trade volume will pick up a bit after we release them.
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: antanst on August 11, 2014, 09:54:18 am
What follows is a rough listing of the features we're preparing for the next version of NXTblocks:

* [Wallet] Asset dashboard & trading from multiple accounts.

* [DGS] A Digital Goods Store frontend. Expect a lot of insightful information and charts about the DGS, like per seller charts/metrics, feedback consolidation per product etc.

* [External feature] A BTC<->NXT AE gateway, with emphasis on simplicity, transparency and above all, security. This will be a separate project, but it's functionality will also be embedded in NXTblocks. We'll make a detailed announcement about how it will work and the aspects that will differentiate it from the other gateways out there.
Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: titan20 on October 14, 2014, 09:36:28 pm
What follows is a rough listing of the features we're preparing for the next version of NXTblocks:

* [Wallet] Asset dashboard & trading from multiple accounts.

* [DGS] A Digital Goods Store frontend. Expect a lot of insightful information and charts about the DGS, like per seller charts/metrics, feedback consolidation per product etc.

* [External feature] A BTC<->NXT AE gateway, with emphasis on simplicity, transparency and above all, security. This will be a separate project, but it's functionality will also be embedded in NXTblocks. We'll make a detailed announcement about how it will work and the aspects that will differentiate it from the other gateways out there.

Say nxblocks.info becomes a succes and you add more revenue earning features who are, for example, not mentioned in the initial announcement. Will these revenues of these new features be included in the dividend payment for the nxtblocks assets? or are the dividend payments only limited to the features that are listed in the initial announcement?


Title: Re: ANN: IPVO of NXTblocks virtual profit tokens
Post by: antanst on October 16, 2014, 10:05:45 am
Say nxblocks.info becomes a succes and you add more revenue earning features who are, for example, not mentioned in the initial announcement. Will these revenues of these new features be included in the dividend payment for the nxtblocks assets?

Yes.

Quote
...or are the dividend payments only limited to the features that are listed in the initial announcement?

No.

The feature list in the announcement was indicative of our plans, of course we reserve the right to change or reprioritise them.
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