Post
Topic
Board Altcoin Discussion
Re: ARDOR NXT
by
spacehopper
on 30/06/2016, 19:23:41 UTC
thanks


can you please tell me what "fxt snapshot period" is?

The fxt isn't correct anymore. It's called Ardor now. You will get Ardor tokens for average amount of NXT you hold in your account in the snapshot period. Every hour a snapshot is made and after 3 months you will get the average amount in Ardor tokens (Nxt2.0).

https://nxtforum.org/core-development-announcements/(ann)-ardor-or-nxt-2-0-a-scalable-child-chain-platform

Is the snapshot hour known?

I assume it starts from the time of a particular block on July 14th. The official Ardor thread says snapshotting will stop at block 1,000,000 on October 12th, 2016. However it doesn't say what block snapshotting will start at, only that snapshotting starts on July 14th.


Snapshots will start be taken on an hourly basis, starting on July 14th to October 12th. Then, your total NXT will be averaged, and you'll receive that amount in Ardor tokens on October 12th, which will be freely tradeable up until the Ardor system launches.

At block 1,000,000 on October 12th, 2016, snapshotting will stop, and you'll be allowed to trade your Ardor tokens in NXT 1.9 in preparation for the launch of the Ardor blockchain.