I contacted CryptoNext and their representative said they used Mastercoin network to issue the "coin".  As far as I can tell, CryptoNextCoin is a proprietary IOU issued by CryptoNext and is not a coin or a traded commodity on established cryptocurrency exchanges.  

Therefore, they are two completely different cryptocurrency applications and it appears these two markets will never overlap.

I believe we should as a community rename the CryptoNext coin to CNX




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