Post
Topic
Board Announcements (Altcoins)
Re: [ANN][NOXT] - NobleNXT Proposal/Whitepaper - Noble's 1st Colored Coin
by
Rofo
on 02/01/2015, 10:21:56 UTC
Remaining BTC Portion Destroyed

321,428 of 500,000 NOXT were sold from the BTC portion. I've destroyed the remaining 178,571 (17.8%) by sending them to the genesis account - NXT-MRCC-2YLS-8M54-3CMAJ (can be viewed and confirmed in Asset Distribution).

NOBL Burning Process

1. Send me a PM with the amount of NOBL you are burning right now and the address you are sending them from (before sending any).
2. In the PM include your NXT Account ID (Address, for example mine is NXT-LSM7-9TLV-TZPB-FLB5T). This could be a NOXT deposit address you have generated on Poloniex if you choose. This is where I will send the NOXT.
3. Send your NOBL to this address to burn (destroy/make unspendable): 9T6fgHG3unjQB6vpWozhBdiXDbQp3P7F8M (read why here).
4. Once I confirm the NOBL has been sent to the address I will send 10 NOXT to your address as a test and PM you to confirm you received it OK.
5. Once confirmed by you I will send remainder of NOXT to your address.
6. I will be doing it in daily batches and applying checkpoints/force updates to the NOBL wallet if necessary, so no funny business.

Only if you've PM'd me so far can I now confirm a burning spot. We've reached the cap of removing 700 million NOBL from circulation.

Example of exchange rate:

Quote
If you have 3,500,000 NOBL, that would equal 0.63 BTC worth (3,500,000 x 0.00000018), which would net you 1500 NOXT (0.63 / 0.00042 (NOXT crowd fund price).

Most people bought well above this exchange rate, so I don't think there are going to be many quick flips for profit all things considering. Personally I don't think it's worth it, but giving a heads up regardless.

If I've missed anything important point it out to me.