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[NAUT] Nautiluscoin to Nxt-based Nautilus redemption process. singapore
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Author Topic: [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process.  (Read 12285 times)

EvilDave

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[NAUT] Nautiluscoin to Nxt-based Nautilus redemption process.
« on: September 16, 2015, 09:23:53 pm »

Heres a swift re-post of the original announcement from BitcoinTalk:

Quote from: EvilDave
Guys/girls/undecided:
Following on from this press release from Brian Kelly, creator of Nautiluscoin:
Update on the Nautiluscoin Project
^^click here, full PDF of Press Release^^

This thread will explain the entire redemption process to magically transform 'old' PoW NautilusCoin (NAUT from now on)
into the 'new' Nxt Monetary System-based Nautilus currency (NXTNAUT):
https://nxtportal.org/currencies/18154834130337484019
The transfer will be on a 1 to 1 basis: so one old NAUT gets you one new NXTNAUT.

As part of the Drachmae project, there will be a dedicated exchange for the NXTNAUT MS currency,
this will go live on the 26th September and allow both redemption of NAUT and trading with NXTNAUT.

However, Brain Kelly and the Drachmae team would like to offer a method to redeem Nautiluscoin for Nautilus before then,
so they've asked the NXT Foundation to organise and escrow a transfer system, to allow the Nautiluscoin community to get in early.

NXT Foundation is a non-profit group,  set up by five early Nxt adopters, to both provide support to the overall decentralised Nxt eco-system,
and to act as a point of contact for businesses and external projects:
http://nxtfoundation.org/

As for me, I’m Dave ‘EvilDave’ Pearce, you can check out my profile here:
https://bitcointalk.org/index.php?action=profile;u=174118
I’m a founding member of the NXT Foundation, and not completely evil.



Enough introduction, this is what you need to do:

Step One: get your clients installed and running.

You will need a Nautiluscoin client, available here:
https://bitcointalk.org/index.php?topic=591114.0
As NAUT is derived from BTC, set-up and configuration should be pretty simple,
but you may need to add nodes to nautiluscoin.conf:

Code: [Select]
addnode=146.0.32.101
addnode=54.187.96.217
addnode=108.61.10.90
addnode=52.0.108.136
addnode=106.187.93.107
addnode=63.247.147.166
addnode=124.150.42.36
addnode=54.186.223.183

Any questions/support needed, just ask here or on the main Nautiluscoin thread:
https://bitcointalk.org/index.php?topic=591114.0


You will also need a Nxt NRS client, available here:
https://nxtforum.org/nrs-releases/nrs-v1-5-15/
The latest production build is 1.5.15, the .jar version works on any platform with Java, (Win, Linux, Mac),
the .exe is a code-signed one-click Windows installer.

As Nxt is completely new code, some of you may not be familiar with it. ;)
There are a couple of good quickstart guides available:
http://nxter.org/nxt-tutorials/
http://nxter.org/nxt-nrs-installation-guide/
http://wiki.nxtcrypto.org/wiki/Nxt_client_interface

If you have any issues, ask for help here, or on the Nxt Forum:
www.nxtforum.org
We’ve set up a dedicated Nautilus sub-forum, so feel free to come on over.
https://nxtforum.org/nxtnaut/
And, just in case, here is the Nxt Wiki:
http://wiki.nxtcrypto.org/wiki/Main_Page




Step two: organise your accounts.

For this phase of the Nautiluscoin redemption, we are only accepting coins sent from the client. No transfers from exchanges, please.

Firstly make sure that you have your NAUT balance on your Nautiluscoin wallet, obviously enough.

Set up a Nxt account using your freshly installed NRS client, and:
MAKE SURE THAT YOU USE A SECURE PASSPHRASE:
NXT password information
This point is very important, as Nxt uses a brainwallet system.
 If in doubt, allow the Nxt NRS client to generate a passphrase for you.
Do not, for the love of whatever you care about, use a phrase that has ever appeared in any media, anywhere.
So no songs, poems, movie lines, book quotes or BTC addresses, among others.
If you have any further questions, ask here or on the Nxt Forum.




Step three: Send your NAUT for redemption.

Run both clients, and log in to your Nxt account.

From the Nautiluscoin client, send the desired amount of NAUT to the redemption address:

Code: [Select]
NPAXpEt1VPKsFh9KAGExxvp76cj3v1DFMQ

The important bit: find your NAUT transaction ID, Go to the Transactions tab in the Nautiluscoin client,
 and open the transaction details. Transaction ID is there. Make a very careful note of it!!

Then take a screenshot of both clients:



Note that the screenshot MUST show both the transaction details from the NAUT transfer
 and the Nxt account on which you wish to receive your NXTNAUT. (purple boxes)




Step four:  generate a Nxt authentication token to prove ownership of your Nxt account.

In the Nxt client, go to the Settings menu (purple box in the screenshot below) and choose 'Generate Token'.
In the data field, fill in your name or BitcoinTalk ID, your Nxt address, amount of old NAUT sent, and the transaction ID from the NAUT client.

Enter your Nxt account passphrase to generate the token:




Step five: submit your transaction ID and account information.

Copy both the entire data field message and the generated Nxt authentication token,
then send them to me, together with the screenshot (or a link to the screenshot) of both clients.
You can send either a PM to me on BitcoinTalk or a mail to dave(at)nxtfoundation.org.

Your message should include all of this information:

Quote
EvilDave
NXT-3T2W-6HXY-UGUL-BS85F
ff51feed19eb5ceef561195e12a40fd89f9a0f7e2ed702d80f7e9f755b9a6c59-000
25 NAUT

r5n35fga98rhhl3ussof4fsnkm9v423eo0r4qqc3oul5c2tqcsvdgj50tm8apng35pdgr8ei12h64v5uedd6hh41cuc2oq40lmk4gb3v5uk0vf71lnag8qobmdqbas1f17l2ob05u3d3c2j8h8r6s8oma072hnr4





That’s it, sit back and wait for your Nautilus….

Once we've checked out the transfer, we'll send out new, shiny Monetary System Nautilus to your Nxt account.
The verification and transfer process will take at least 24 hours, but hopefully no more than 48.
We will try to deal with redemption transfers on a 'first come, first served' basis, but larger amounts WILL be prioritised.

For holders of small NAUT balances, and people who only have NAUT on exchanges and don't want to run the full client:
the official Drachmae exchange will be up inside a week or two,
and will offer an automated redemption system for NAUT > NXTNAUT on the exchange itself.

Please note that this thread is intended to be a place to get some work done, not a place to debate. That's why it's self-moderated.
If you have any philosophical/emotional/etc issues with Nautiluscoin, or Nxt,
 or anything not related to the NAUT>NXTNAUT redemption process, please take it to the main Nautiluscoin thread:
https://bitcointalk.org/index.php?topic=591114.0

I'll be cutting out useless posts from this thread, with the intention of keeping it clear and on-topic. So don't say I didn't warn you.....

To verify my identity/account control, heres the authentication token for the Special Projects account (NXT-3T2W-6HXY-UGUL-BS85F)
that will be handling part of the redemption process.:

Data:
Code: [Select]
EvilDave 16/09/2015 NAUT2NXTNAUT redemption.

Token:
Code: [Select]
r5n35fga98rhhl3ussof4fsnkm9v423eo0r4qqc3oul5c2tqcqshuj500vohci03fcm6oh1k3rfi04hevrq84gs2986hh9j89mbs85so3gog6f753rrgml74sgin9vovtumfd6hlac95h6cp8tmi70hbu2blndmq



This means that there may be some Nautiluscoin investors looking for support here on the forum, I know I can rely on you lot to help them out..... ;D
« Last Edit: September 16, 2015, 11:33:39 pm by EvilDave »
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VanBreuk

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Re: [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process.
« Reply #1 on: September 16, 2015, 10:11:54 pm »

Outstanding job, EvilDave :)

The rest of us can make sure that any other questions that might arise about the Nxt platform or client, and do not belong to the redemption process itself, are answered.
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EvilDave

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Re: [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process.
« Reply #2 on: September 16, 2015, 10:46:58 pm »

Thanks, VB.
We'll also be looking for some help with spreading the word and social media promotion. Brian Kelly and Coinstructors will be pushing a lot of PR in the run-up to the official Drachmae launch on Sept 26th, so everyone who feels like joining in can help out with that.
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Tosch110

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Re: [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process.
« Reply #3 on: September 17, 2015, 12:18:56 am »

Great project! I wil try this out :)

Why do you have to add a username to that Token?
Wouldn't simply the tranasction ID as Token be enough? It confirms all the necessary data...

Damelon

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Re: [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process.
« Reply #4 on: September 17, 2015, 08:44:03 am »

Looking forward to seeing some new faces around here :)
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KarlKarlsson

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Re: [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process.
« Reply #5 on: September 17, 2015, 09:10:31 am »

Any idea about how big the NAUT community actually is?
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yassin54

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qq2536007339

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Re: [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process.
« Reply #7 on: September 23, 2015, 03:01:28 am »

Great,hope this can boost NXT price.
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Tosch110

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Re: [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process.
« Reply #8 on: September 23, 2015, 04:51:37 am »

How is it going btw?

I have seen you mentioned around 40% converted within the first 48 hours already?
Also I noticed the NAUT market frozen on Poloniex, so are they also changing deposit/withdraw to Nxt MS?

farl4bit

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Re: [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process.
« Reply #9 on: September 27, 2015, 09:03:45 pm »

A bit confusing you are talking about NXTNAUT, but that's not the name of the currency, it's NAUT.
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qq2536007339

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Re: [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process.
« Reply #10 on: September 28, 2015, 12:29:17 am »

Any update? I just saw some pictures at http://www.nautiluscoin.com/,and Nautiluscoin trade value increased at http://coinmarketcap.com/. Hope can get more details.
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senuketo

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Re: [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process.
« Reply #11 on: September 28, 2015, 11:20:59 am »

Hey,
 thanks for the nice thread! I write about a little different situation...

I made a transfer to bittrex just when the changes were happening without being aware. So I contacted bittrex why my deposit is delayed and they said I should contact the developer because NAUT is migrating. I wrote to "BK_PHI" in bitcointalk but no response. Do you guys have any idea how can I recover these coins?

Shouldn't bittrex be able to connect the old wallet and return my coins or swap them? I mean they have the private keys, right? Coins should be there, though I couldn't find a working block explorer for the old blockchain. This one is not working: explorer.nautiluscoin. com

Thanks!
« Last Edit: September 28, 2015, 12:43:12 pm by senuketo »
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Damelon

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Re: [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process.
« Reply #12 on: September 28, 2015, 03:03:40 pm »

Hey,
 thanks for the nice thread! I write about a little different situation...

I made a transfer to bittrex just when the changes were happening without being aware. So I contacted bittrex why my deposit is delayed and they said I should contact the developer because NAUT is migrating. I wrote to "BK_PHI" in bitcointalk but no response. Do you guys have any idea how can I recover these coins?

Shouldn't bittrex be able to connect the old wallet and return my coins or swap them? I mean they have the private keys, right? Coins should be there, though I couldn't find a working block explorer for the old blockchain. This one is not working: explorer.nautiluscoin. com

Thanks!

Hello :)

EvilDave on this forum is handling the swap and is in contact with the owners of exchanges, too.
You might want to send him a PM here on the forums: https://nxtforum.org/index.php?action=profile;u=35

And welcome!
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senuketo

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Re: [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process.
« Reply #13 on: September 28, 2015, 03:21:23 pm »

Thanks, Damelon!
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EvilDave

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Re: [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process.
« Reply #14 on: September 28, 2015, 06:56:43 pm »

Spending too much time on BTT today....replied to your PM, senuketo, hope we can figure out a solution.
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senuketo

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Re: [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process.
« Reply #15 on: October 01, 2015, 02:37:09 pm »

Thanks, EvilDave! I got it sorted.

If anyone wants to add nodes through the console it's:
Quote
addnode <IP> add
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cryptoscout

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Re: [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process.
« Reply #16 on: December 18, 2015, 06:21:48 pm »

Drachmae Project UPDATE Numero Doce
Monday 21st December 2015:
Drachmae Team will be hosting the 1st Drachmae Hangout at 5PM GMT 21/12/15.

18th December 2015:
Drachmae exchange has activated the following markets:
•   BTC/NXT
•   BTC/NAUT
•   BTC/LTC
•   BTC/DOGE
•   BTC/DASH

Nautilus Coin Swap:
How to Swap Steps
1.   Go to Deposits
2.   Choose Nautilus-L for old NAUT
3.   23rd of December is the FINAL and LAST CUT OFF for all OLD Naut Deposits.
4.   24th of December Final Stage of swap will be implemented and replaced into your NAUT Balance. (NEW NAUT)
The swap will be automatically done based on the total of OLD NAUT in your account 1 4 1.

You can withdraw from CRYPTSY DIRECT TO DRACHMAE EXCHANGE

Withdraws of NAUT will not be available till 24th of December till the SWAP is complete.

In the meantime you may trade on the markets that are open.
"All other currencies you may withdraw before 24th December"
In the meantime all deposits, withdraws and trades are FREE (ZERO FEES) whilst in BETA.
www.drachmae.exchange
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wagnerbutterfly

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Re: [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process.
« Reply #17 on: January 26, 2016, 10:55:36 pm »

Who have NAUT in wallet, can change yet or not?
I just found this notice this week.
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