NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs

[gentlemand]

Either fulfill the details of the silver coin plan, or use the funds to top up the supernode bounty fund and add a tapering period where the reward reduces gradually over 12 months, to prevent the supernode system ending abruptly with a catastrophic drop in supernode numbers. All the coins locked up in supernodes getting liquidated at the same time could be a coin killing event.

That's exactly what I'd do too but such boldness and sense rarely goes down well with the people with the plan, or lack thereof.

[jkoil]

Is it true that XEM has been initially distributed via Airdrop? There was no ICO, some private sale or similar?

Part of it was Airdrop. Part of it was 'given away' for a 'nominal donation' so read that as you will. But it wasn't like a typical ICO where you get more tokens the more money you put in - the initial NEM distribution was all based on Stakes and those were given to people in this forum based on unique usernames.

http://explorer.nemchina.com/#/s_block?height=1

Who were the 5 lucky ones that got 4 725 000 206 XEM or 52,86% of the "airdrop" ?

What is the current circulating supply?

If CoinMarketScam ( https://coinmarketcap.com/currencies/nem/ ) is correct: 8 999 999 999 XEM, it's the most greedy PoS scam project ever, with only 61,363,334 XEM or 0.686% earned in almost 3.5 years.

Here you can see the final distribution statistics and explanation of the various funds nem has:

https://docs.google.com/document/d/1TKTIakxUEotmTN4Et80EI7d-8XifgFZ4aBUGAukgLfY/edit#

And here is the rich list with the different fund addresses named:

https://nemnodes.org/richlist/

Current rich list says nothing, 'cause it's too easy to redistribute the coins.

So, it's Sustainability Fund, Marketing Fund (Launch/V1 Reward), Operational Costs Fund I, Pre-V1 Fund & Post-V1 Fund.

And Sustainability Fund got about 24% or more than 1/3 of Stakeholder Community Distribution because of sock puppets and unclaimed stakes.

And who controls the above mentioned funds?

Too easy to redistribute the coins? Just use the blockchain explorer to verify what ever you need about the funds.

All the accounts are controlled by members of the nem team. They use nem's native multisig to ensure that nothing can be moved without at least 5 different people agreeing to do so.

If the devs wanted to scam people why didn't they exit in december when the combined funds were worth over 7 billion usd?

https://forum.nem.io/t/not-claiming-nemstake-why-it-is-no-longer-possible-and-the-history-of-the-process/2859

The Google Docs Sheet about the stakeholders does not exist anymore in its initial location...

[Jembut Ireng]

NEM is a good and promising coin that is worthy of being a long-term investment, I am optimistic that by the end of the year NEM will enter the top 10 so investing NEM is very profitable.

[wattson]

housands of posts have arrived in this thread. nem is a coin that the market is quite big end of this. there is one question that I want to ask you who use nemcoin. Why until now the price of nemcoin always tends to go down? The increase experienced by nemcoin is not big enough compared to the price decline. Is not this very detrimental to investors?

hey mate, not every project out there can be profitable in both short and long run, y'know what I'm saying?
some can't make you money right away but WILL definitely make you money further down the line. have some faith.

[erwan]

Wanchain is an ethereum fork, they distinguish themselves by offering interoperability across other chains and what what I hear are making good progress with it. Nems catapult offers basically this same functionality through decentralized swaps plus tons more and many more sdks. Nems current public speed is lower than wans afaik, but catapult will increase it 5x or so I believe but no facts yet.

[SCAMcoinTalk]

Current rich list says nothing, 'cause it's too easy to redistribute the coins.

So, it's Sustainability Fund, Marketing Fund (Launch/V1 Reward), Operational Costs Fund I, Pre-V1 Fund & Post-V1 Fund.

And Sustainability Fund got about 24% or more than 1/3 of Stakeholder Community Distribution because of sock puppets and unclaimed stakes.

And who controls the above mentioned funds?

Too easy to redistribute the coins? Just use the blockchain explorer to verify what ever you need about the funds.

All the accounts are controlled by members of the nem team. They use nem's native multisig to ensure that nothing can be moved without at least 5 different people agreeing to do so.

If the devs wanted to scam people why didn't they exit in december when the combined funds were worth over 7 billion usd?

Maybe, it was wash trading or the price was following Bitcoin with few real buyers. So, it wasn't possible to sell it all even for 7 mil USD.

Can you explain How Harvesting Works? Where the earned coins come from in particular? From transaction fees or from some of the above mentioned funds?

[jkoil]

...
Maybe, it was wash trading or the price was following Bitcoin with few real buyers. So, it wasn't possible to sell it all even for 7 mil USD.

Can you explain How Harvesting Works? Where the earned coins come from in particular? From transaction fees or from some of the above mentioned funds?

[vita94]

When will catapult happen .. ?? Price is very appetizing!)

[icosscam]

When will catapult happen .. ?? Price is very appetizing!)

Must be never
I am waiting catapult from last summer…

[Alohaboy?!]

When will catapult happen .. ?? Price is very appetizing!)

Must be never
I am waiting catapult from last summer…

That's just not correct.

The migration of the private chain was never said to be finished in the last year. There was never a specific release date and therefore there is no real delay. Just take a look at everything already released and you will see how much work it is to develop the whole network from scratch for the second time

[cryptonit]

When will catapult happen .. ?? Price is very appetizing!)

Must be never
I am waiting catapult from last summer…

catapult is not the unicorn where we will ride on top over the rainbow

in fact the most value and positive effect for the future is comming from the strong B2B network

with projects that build on top of NEM

and this is growing constant

so its just a matter of time

and yes time in a 1-2 years timeframe because no serious projects can be developed faster

so buy and wait for 2020 which will be the year of cryptocurrencies going mainstream with XEM being a top10 ranked coin again

no investment advice just my opinion  

[KloNEM]

catapult is not the unicorn where we will ride on top over the rainbow

in fact the most value and positive effect for the future is comming from the strong B2B network

with projects that build on top of NEM

and this is growing constant

so its just a matter of time

and yes time in a 1-2 years timeframe because no serious projects can be developed faster

so buy and wait for 2020 which will be the year of cryptocurrencies going mainstream with XEM being a top10 ranked coin again

no investment advice just my opinion  

Hopefully we will be in top10 again...someday. And yeah, you're right, that serious projects cannot be developed faster than in ~ 1-2 years timeframe. On the other hand, NEM isn't something "freshly new", it's more than 3 years old solid platform, so there would be time for announcing of some serious - and already developed and managed - projects, for better widespread. Just see what's happened today with Dash, after announcing of partnership with Kripto Mobile (Latinoamerican mobile platform). Meanwhile, NEM is still losing their CMC position (has been oscilated between #16 and #17, now is at #18).

[greentea]

NEM Community Fund is being discussed and changes proposed.

Please share your opinion on the thread as this is very important matter on how the Fund will be managed going forward...

https://forum.nem.io/t/vote-now-open-nem-ventures-incorporation-proposal/18861/101

[Alohaboy?!]

catapult is not the unicorn where we will ride on top over the rainbow

in fact the most value and positive effect for the future is comming from the strong B2B network

with projects that build on top of NEM

and this is growing constant

so its just a matter of time

and yes time in a 1-2 years timeframe because no serious projects can be developed faster

so buy and wait for 2020 which will be the year of cryptocurrencies going mainstream with XEM being a top10 ranked coin again

no investment advice just my opinion  

Hopefully we will be in top10 again...someday. And yeah, you're right, that serious projects cannot be developed faster than in ~ 1-2 years timeframe. On the other hand, NEM isn't something "freshly new", it's more than 3 years old solid platform, so there would be time for announcing of some serious - and already developed and managed - projects, for better widespread. Just see what's happened today with Dash, after announcing of partnership with Kripto Mobile (Latinoamerican mobile platform). Meanwhile, NEM is still losing their CMC position (has been oscilated between #16 and #17, now is at #18).

Well the thing is that developing something new or something which was never developed before, needs a higher timeframe in general. Dash´s new announcement is a good one since it really helps the mainstream movement and adoption in general. But it´s "just" an announcement and partnership, not a new feature or chain.
The CMC position is not very useful in general but still important to many people out there

[tongokongo]

It's good to see constant flow of the new projects into NEM blockchain. This is what we want. Kryptofootball game which was released today as a beta may be a gamechanger in the field of collectibles. Meanwhile I made a video explaining NEMonster, tool (service) for the NEM nanoWallet:
https://youtu.be/gU0OxijK1Lw

[Simss]

NEM has built its own blockchain from the ground up, and in my opinion it has innovative utilities that are are notable and promising achievements. However, as these differences do not offer anything substantial on their own, if NEM is unable to capture a significant amount of business enterprise as it plans to, then there isn’t much more going for it that can’t be outperformed by its competition.

[Hyjinx]

If the NEM foundation doesn't build use cases for the XEM token soon they are going to be in serious trouble.  Wouldn't be surprised to see supernodes start quitting threatening the whole public chain.  I am still 100% convinced the foundation is absolutely clueless in marketing and promotion.  This is a typical problem of Asian-based coins though - no ability to communicate with the rest of the world and hyper arrogant to boot.

[wgd]

Do you have any news when Catapult will be launched?
I heard many times before May 2018 it should be ready before end of May, now we have August, almost September and
NEM is one of the worst performing coins now: 5th place with -95.11% loss from ATH :/

[jkoil]

Do you have any news when Catapult will be launched?
I heard many times before May 2018 it should be ready before end of May, now we have August, almost September and
NEM is one of the worst performing coins now: 5th place with -95.11% loss from ATH :/

3 months is not much in sw projects...
There are still quite manu projects using NEM.

Low prices are good for new members

[jelin1984]

nem is 20 times down from ath