Post
Topic
Board Announcements (Altcoins)
Re: NEM Official Moderated Thread - NCC Is Now Open Source[Updates & Discussion]
by
xtester
on 17/08/2014, 07:14:32 UTC
I hope you guys are planning a much smoother wallet launch than the SYS guys - hope the past few months have been spent on solid development that delivers cleanly on all promises.

Question: what percentage of NEM have already been doled out as stakes and what percentage remains to be distributed as regular coins at the big wallet launch?

Hi sdersdf2 ,

Indeed, our dev team is working hard to make things run as smooth as possible once we launch, this is why a lot of testing is done right now.

As for your question, all NEM will be distributed at launch. NEM stakes are only a token which represents NEM until we have the real thing - so NEM stakes will also be exchanged for real NEM at launch.



By my question I meant, what % of all outstanding coins do the tokens requested/distributed thus far represent - in other words, what percent of all outstanding NEM has been requested in the form of tokens ahead of the official future coin-wallet launch?

Out of 4000 NEM stakes only 1000 are available to be requested and distributed on the Nxt AE until official launch. Out of this, 649 have already been sent out and 351 are still available. So 649 stakes = 16.225% distributed stakes.