I appreciate the reply. This does help to aide my confusion a bit. It will be interesting to see how things pan out.
My only really big question left is how that 20% might be distributed among the nrs holders. The 5 million coins mentioned in the initial posting was for POW, what about POS? How many Total coins are we looking at? Or is that number constantly evolving as the Pow takes place at a constant? How do you determine who is entitled to that 20%? People who day trade are going to get screwed where long term holders are rewarded? (i don't day trade so that is fine by me, if anyone was curious) How do you determine which holders of nrs get that 20%? If i hold 1% of total nrs then i would expect 1% of that 20% based upon the information. Let's say last minute, before payouts i buy up 9% more to get more payout from the distribution, so now i am at 10% nrs, and get 10% of that 20%, but then sell them off back to my comfy 1% holding. Is that working as designed then or will it work in another manner? Thanks again!
Hi sirsmokesalot,
Honestly? We are still figuring out the best way to distribute to the NRS holders. There are a couple options but I think the one we are currently looking at is as follows:
1. We announce that we are taking a snapshot of all the NRS at a specific time
2. Everyone moves coins from the exchanges to their wallets at a certain time.
3. We take a snapshot.
4. On the new wallet of whatever new chain we have created, we get people to 'import' their existing keys to that new wallet to access the new tokens.
There are other options but this is currently the easiest.
To answer your question, if you bought 9% at the last minute you would get the extra share of the new project. This would however likely drop the price of NRS after the snapshot as people know the NRS now no longer includes the product.
Let me know if you have any additional questions,
Logan