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Quote from: JustAskMrVirus on February 16, 2014, 04:06:37 PM

Do you mean 50 million for NXT? So 45 million split between the 'interested' stakeholders'? How many stakeholders are there currently? Will the stakeholder list be updated soon, my email hasn't appeared there yet.
The minding/forging stuff sounds pretty interesting! Three weeks is pretty soon; will there be a wallet/client and an exchange by then or..? Also, how will the coins be delivered?

Thanks, sorry for all the questions!

45 million TBD. At a minimum, 5 million split among interested stakeholders... this involves
(1) Sending your email
(2) Referring people using the referral link
(3) Liking on Facebook http://www.facebook.com/NEXcoin
(4) Following on Twitter. http://www.twitter.com/NEXcoin

Each one counts for more stake. Note: (1) and (2) must come from different people.

A wallet will be made available to receive coins.

what the meaning of TBD?

TBD - To Be Determined

Why the TBD is so large?

The cost to maintain a secure and robust P2P network can become very expensive. 45 milion is less than 5% of the total distribution. Consider the cost of development and infrastructure, then this is a better alternative than many of the alt-coin that have have been abandoned due to lack of development and maintenance. If NEX is to be the most advanced Crypto-currency then it absolutely needs ongoing development.

We are familiar with this problem of not receiving enough funds for development. We maintain iXcoin development and it has always been a problem raising coin to facilitate improvement of the coin.

As you say, You will get most coins .
At the same time, we who show interest will Divide the 5m?
If you have the 45m NEX, and you will mine more NEX so you will get more NEX than just 5%.

Total coins is 1 billion. There are two ways to get coins... this is similar to PeerCoin.

(1) Mining (The actual method has not been revealed)
(2) Proof of Stake

Like Peer coin you get more coins if you mine. Proof of stake just pays a percentage (TBD) and fees.

The majority distribution is via mining. The difference with NEX and all other coins is that mining does not require a lot of hardware!

What we are trying to design is the correct economic incentive model so that the network remains secure and robust. This is critical, the incentive structure most promote the growth of the P2P network.

That means if there are 3000 people show interest , I just have one stake, I just get only 1666NEX?