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[ANN] NXTi is Ceasing Operations. singapore
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Author Topic: [ANN] NXTi is Ceasing Operations.  (Read 2037 times)

NXTinspect

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[ANN] NXTi is Ceasing Operations.
« on: May 23, 2016, 11:05:10 am »

Dear NXTi holders,

It is with regret that we are announcing that NXTi will be shutting down in its current form, the uncertainty around the evolution of the NXT AE, the rise of alternative asset exchanges and other factors have led us to come to this decision.

We also explored whether to keep the current asset or liquidate, we looked at a number of factors and feel it is best to liquidate and distribute the contents of the NXTi account to all asset holders on redemption of their NXTi.

Further details of the redemption process and what will be sent in return for each NXTi redeemed will be posted shortly. Redemption will start on 1st June and will be open for 4 weeks.

If we decide to launch again it will be across a number of blockchain asset exchanges, addressing the need of a wider community of investors and businesses.

You can continue to trade NXTi until the redemption process is closed by which time the NXTi asset will be deleted.

IF YOU TRADE YOU DO SO WITH CARE!!!

NXTi's account is NXT-QUUE-9M9E-TRC5-24Q2M the contents of this are what will be liquidated/distributed.
We are doing a redemption rather than a liquidation dividend to address the risk of people getting ripped off by others buying or selling the existing asset.

WE WILL CONTINUE to support pre-existing assets with ESCROW for at least 3 months from 1st June until we have decided whether to relaunch and / or those asset holders request their assets to be returned or moved to a new escrow provider.

Regards
NXTi
« Last Edit: May 23, 2016, 11:38:05 am by NXTinspect »
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_mr_e

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Re: [ANN] NXTi is Ceasing Operations.
« Reply #1 on: May 23, 2016, 02:43:22 pm »

And the death spiral continues...
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farl4bit

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Re: [ANN] NXTi is Ceasing Operations.
« Reply #2 on: May 23, 2016, 06:40:53 pm »

Too bad, I enjoyed your guys advice when I launched FARLAWEB assets.

And just on this day the Nxt roadmap 2.0 is launched.  :o Are you going to be active there?
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shmoula

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Re: [ANN] NXTi is Ceasing Operations.
« Reply #3 on: June 09, 2016, 01:28:22 pm »

Regarding farl4bit post - as a shareholder I received nothing.
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Seccour

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Re: [ANN] NXTi is Ceasing Operations.
« Reply #4 on: June 09, 2016, 02:10:11 pm »

Regarding farl4bit post - as a shareholder I received nothing.

You have to send the NXTi asset to their account and then you will get your due if i understand correctly.
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shmoula

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Re: [ANN] NXTi is Ceasing Operations.
« Reply #5 on: June 09, 2016, 07:25:46 pm »

well, im just wondering about this part:

Quote
...they had a lot FARLAWEB assets and gave them away as dividend...
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JohnHolmes

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Re: [ANN] NXTi is Ceasing Operations.
« Reply #6 on: June 25, 2016, 07:29:49 am »


Further details of the redemption process and what will be sent in return for each NXTi redeemed will be posted shortly. Redemption will start on 1st June and will be open for 4 weeks.


Which address do we send assets to for NXTi redemption?
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