Post
Topic
Board Altcoin Discussion
Re: Why is NXT not the number 2 coin?
by
MaxTax
on 10/01/2016, 15:37:12 UTC
So you are down to crowdfunding... or platforms like NXT.

Did you know you can do trustless crowd funding in Nxt's Monetary System?

i.e. Say you want to raise 200k NXT with a deadline in 30 days time. People put up the money bit by bit and it is all held by the protocol (a trustless escrow). The dev can't run away with it part way through the process.

When the deadline comes, the protocol checks if the amount raised is 200k or more. If it is, the 200k NXT is released to you for your successfully funded project and tokens representing a stake in your project are sent to the funders (optional, I believe). If less than 200k, then all NXT are returned to those who sent them. All trustlessly and all for a cost of 40 NXT Grin

But no one does, not counting the 1000s of scams currently listed on the hardly ever used asset exchange.

I mean the NXT technology is simply fantastic, but it needs PROPER Advertising.  A new website isn't going to do shit to help promote a niche cryptocurrency in this microcosm of a niche we already exist in.

It seems there is no shop accepting the NXT. Apart from being exchanged to other coins, does it have practical usage?

The infrastrucure behind NXT is good, i've used it and sure it uses a lot of resources but it's stable.
The problem though is that too much is focused on coding instead of marketing.