Quote from: FrictionlessCoin on February 17, 2014, 11:59:31 AM

Quote from: xiangping1968 on February 17, 2014, 11:43:36 AM

Quote from: FrictionlessCoin on February 16, 2014, 04:02:27 PM

Quote from: JustAskMrVirus on February 16, 2014, 03:11:42 PM

Quote from: FrictionlessCoin on February 16, 2014, 02:52:26 PM

Quote from: JustAskMrVirus on February 16, 2014, 02:42:38 PM

Quote from: FrictionlessCoin on February 16, 2014, 02:39:02 PM

Quote from: JustAskMrVirus on February 16, 2014, 02:36:03 PM

Quote from: FrictionlessCoin on February 16, 2014, 01:59:40 PM

Please do not post here about 'being interested'.

You need to go to http://www.nexcoin.net to submit your interest.

My mistake! I have already given my email, I just saw everyone else doing it so I assumed you had to to claim your stake.

By the way, how many coins will NEX have? And is there an ETA for release?

100 million on release, 1 billion total.

3 weeks.

So when will the remaining 900 million NEX be released? Will they be distributed to the stakeholders, or is that what the 100 million is reserved for?

That 900 million is competitively mined.

Oh I see! I was under the assumption it'd be 100% PoS like NXT was.

So there is 34.5 million NEX reserved for people who have sent NXT, leaving 65.5 million for the 'interested' and email guys?

Is the mining similar to forging NXT? As in, the more NEX you own, the more NEX you mine?

100 million initial distribution. 50 million for NEX. 5 million for VisaCoin victims. 45 million TBD.

Yes, mining is similar to forging, the difference is with Nxt all you get are transaction fees, with NEX you get newly minted coins. So the reward is much higher with NEX for initial stakeholders.

Consider mining as a distribution that stretches out for a much longer period.

I think you should give out a WhitePapers about the NEX.
There are so many unknown factors on NEX.
You say , the 900M is used to mining .But where the transfer fee going to ?
And how can you promise you will not own the most coin?
How you transfer the NEX to the stake holders ?
How about the EXCHANGE .....
How many NEX used to support the develop?

I think you should give out a WhitePapers about the NEX.

-> See www.nexcoin.net

There are so many unknown factors on NEX.

-> This will be known before distribution. The exact details are kept private for now, but NEX will be more like Mastercoin/CounterParty than Nxt. So if you know the technical difference between these then you have an idea of what direction NEX will be going. NEX employs tried and tested Bitcoin technology to secure its network, at the same time unlike Bitcoin, it is not restricted to 10 minutes per transaction.

You say , the 900M is used to mining .But where the transfer fee going to ?

-> Like Bitcoin and every other alt-coin, transfer fees go to miners.

And how can you promise you will not own the most coin?
-> A majority of initial distribution is with the stake holders. 90% is mined afterwards give everyone a chance to acquire more stake. Compare with Nxt with 73 uses have 80% of all the coins.

How you transfer the NEX to the stake holders ?
-> Using a NEX wallet.

How about the EXCHANGE .....
-> NEX is built from the ground up to provide a distributed high performance exchange.

How many NEX used to support the develop?
-> The 50 million NEX sold for 1 million Nxt will used to support development, deployment and maintenance of the network. The Visacoin victims and those interested get NEX without any need to contribute.

Thank you for your answer.
I like the project .
Wish the better.
And I have shown the interest by the introduce of the chat group.
You say, the release time is in 3 weeks?
Will it be like another coins , just Delayed until date ?

xiangping1968

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