Post
Topic
Board Announcements (Altcoins)
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
by
TauMuon
on 27/05/2014, 21:21:55 UTC
want to be a Closed Alpha tester, how i can become it?

Sorry - it's impossible. It shouldn't be too long to the open alpha though.

Whitepaper WON'T be published until beta is ready (which probably will be in August)

could you please explain the difference between alpha and beta?

current market cap going by highest bid(60,000k nxt) puts nem in #12 marketcap @ >9m dollars! h o l y   g a w d

You sure that's a bid price and not and ask price? I don't own any NXT so I don't have a client to check the AE.

It is a bid price, but currently these bids mean nothing because there is nothing to sell right now?
Someone could place a 1 million nxt per share bid just for fun, correct me if i'm wrong



They're selling tokens which represent 1,000,000 NEM. These tokens are available to trade. If you bought a token then you'd be able to trade that token for NEM come the launch. 1000 of these tokens were issued. This system allows people to trade and establish a price for NEM in a roundabout way prior to launch.

You're right that you can't buy or sell NEM directly right now, but these tokens represent a NEM stake as a kind of IOU.


By the way, look at my previous post for a description of alpha and beta software.