Quote from: notsoshifty on February 01, 2014, 08:44:27 AM

Quote from: FrictionlessCoin on January 23, 2014, 10:28:14 PM

For the Nxt users who feel disenfranchised, we will allocate 5% of NEX that they can purchase in exchange for NXT.

Quote from: FrictionlessCoin on January 24, 2014, 10:47:49 PM

We are in fact taking considerable risk by tying the price to Nxt.

In fact, we rather not take Nxt as purchase price, but we don't know where else Nxt holders can spend their coins.

Quote from: FrictionlessCoin on January 29, 2014, 08:03:31 PM

If in the event that NXT prices continues to fall, we reserve the right to request BTC at an exchange of 0.00007 BTC/NXT.

How's that 'considerable risk' working out for you, FC? A bit of a U-turn if you ask me. Basically, you want >70BTC to make this coin, and also you're going to keep some of the NEX for yourself?

Yes, if the reservation numbers are accurate, then 70 BTC is likely the cost for developing the coin.

The actual distribution of the coin between VisaCoin, NEX, Free loaders and Developers have yet to be determined, but that will be known prior to any exchange.