Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ARDR][NO ICO] Ardor, or Nxt 2.0, a Scalable Child Chain Platform
by
freshman777
on 07/07/2016, 08:06:41 UTC
Hi, everything about Ardor sounds very interesting.

I just wanna make sure I understand how snapshotting works correctly:
Say I have 1000 NXT in my wallet at the beginning of snapshotting on July 14th and I will move them away October 11th = 1 day before snapshotting ends.
  Will I get (about) 989 Ardors or zero?

All those who hold an amount of NXT will also get a piece of Ardor. 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.

989