Tell me if I'm understanding this correctly, will I be swapping out my Nautiluscoin for Nxt Coins, or will I be just using my Naut Coins on the Nxt System?
Nxt Coins have over 999,997,096 supply while Naut has a 5,322,099 supply. Is coin swap going going to dilute the worth of my Naut Coins.
I would like to the know these details before proceed.
You get NAUT, a coin that exists on the Monetary System (MS) within NXT, supported and secured by the existing NXT network.
http://nxter.org/nxt-core-monetary-system/https://wiki.nxtcrypto.org/wiki/Monetary_Systemhttps://nxtforum.org/monetary-system/It seems NAUT was created with max supply 16'180'000 and type 'exchangeable': "Exchangeable currencies can be traded for the NXT currency in the Exchange Booth of the Nxt client, which operates differently than the Asset Exchange. A currency owner can publish a combined buy/sell offer pair with an expiration block height and quantity limits. Only one active offer per account is permitted. Requests to buy or sell offered currency can submitted by anyone. These exchange requests are executed immediately (fully or partially) or not at all if no matching offers are found."
But probably more relevant is the dedicated exchange for gold value.