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NXT

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I'd like to take a moment to talk about NXT.

What is it and are they worth investing in?
>>
>>1400048
I kept hearing about InvesTokens last month ago, but now it changed to ArdorTokens. What is this shit?
>>
The NXT cryptocurrency is getting ready to take things to a new level and move to a second iteration of the platform. The new version of NXT will be called ARDOR and offers better scalability by giving users the opportunity to create their own child chains, secured by the main ARDOR chain.
NXT hodlers will receive tokens that represent part of their stake in the 2.0 system through a snapshot taken from july 14th until ~october 12th. You might have guessed that this will mean many people will hodl on to their coins for a few months, which combined with the 2.0 marketing effort will most probably push the price upward. After the snapshot, hodlers will have both the NXT 1.0 coins (for which dev support will continue at least 2 years) as well as a stake in the new system to be distributed next year.
A second part of the stake will be distributed at launch of the ARDOR / NXT 2.0 platform based on the users' balance at that point.
The NXT team is at this moment organizing a marketing effort to go along with the snapshot.
>>
BUT WAIT, THERE IS MORE:
NXT doesn't secure the network through mining like for instance Bitcoin, but through "forging", where the number of NXT one hodls determines the chance to forge the next block in the blockchain, and earning the transaction fees for that block. A NXT whale has offered 5 million of his NXT to be offered as extra random fees during the snapshot period, so if you have decent hodlings start forging with your NXT and you might be the lucky recipient of one of these bonus fees!
This is also another incentive for people to hold their NXT in the coming months and will help drive the price up. This ABSOLUTE MADMAN has also provably burned 1 million of his own holdings to up the value of everyone else's coins.


For information on the current NXT cryptocurrency: https://nxt.org/
For a more detailed explanation of the move to 2.0: https://nxt.org/announcing-ardor/
Source for the forging bounty: https://nxtforum.org/general-discussion/5-million-nxt-bounty-for-nxt-ardor-forgers/
Forbes article on ARDOR: http://www.forbes.com/sites/rogeraitken/2016/06/21/nxt-crypto-blockchain-team-prepares-ardor-scalable-child-chain-platform/#1da9d84a349b
NXT wiki: https://nxtwiki.org/wiki/Main_Page
>>
>>1400078
>>1400082
Know this looks like a ponzi scheme
>>
>>1400086
Do you think bitcoin and other crypto currencies are ponzis? This is just one of many available cryptos, with imho one of the more serious development teams with long term vision and professionality.
>>
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>>1400078
>>1400082
The fuck am I reading?
>Explain it to me as if I am not an autistic fuck with no life living in my moms basement.
Thread posts: 7
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