Where has my SBD been going lately?
Well since you didn't ask, I'm going to tell you anyway.
A couple of weeks ago someone on the vast wild web talked up a little coin called NXT. I went over to Bittrex and grabbed a few, just to see what it was all about. So there is this from their own website:
Nxt revolutionises the financial technology, crowdfunding and governance industries by providing not only the groundbreaking NXT crypto-currency, but also a powerful, modular toolset to build with in any way Nxt users can imagine. Nxt gives users complete freedom to create their own applications.
On another page there is this:
The Nxt platform includes many core-level features, such as a Decentralized Asset Exchange, Marketplace, and Voting system, all in additional to the NXT digital currency itself. Nxt is easy-to-use, permissionless and gives its users complete freedom in many ways. For example, using the NXT currency as a payment system cannot be restricted, creating a marketplace listing cannot be denied, and, for developers, neither is creating advanced blockchain-based applications through the Nxt Application Program Interface (API).
Sounds pretty promising. And Kinda sounds a little SMTish. In fact, they have their first "baby chain" going live on 1/1/18, a token called Ignis. Now, what's cool here is that everyone who holds NXT tokens gets 0.5 Ignis Tokens per NXT token held. And just this afternoon Bittrex announced they will honor this airdrop, so you don't even have to move the NXT off the exchange to get your free IGNIS.
I pulled the following from Coin Market Cap at approximately 3:30pm Central Time today:
NXT has essentially doubled since I started buying at $0.66, and why not. For every 2.42 you spend in an asset you get to keep, you are getting $2.69 in added value of an Ignis token!
I built up a little nest of 1022 NXT tokens in my wallet, which gives me the right to "Forge" new NXT tokens. Apparently it would take approximately 41 days to mine 0.25 tokens, so that was a little bit of wasted effort, but I will be eligible for 511 Ignis Tokens, so that's not nothing.
Check out NXT and Ignis for yourself and see if they are something you want to invest in. NXT is going up and up due to the impending snapshot for the IGNIS airdrop, and with the announcement of Bittrex honoring the airdrop you probably won't see it at a lower price before the snapshot takes place on December 28th. I'm guessing there may be a dip, or even a full blown sell off after the snapshot, but that would be a mistake since Ignis is just the first of many planned baby chains that will be living on the NXT system.
I am not a financial advisor. Please do your own research before investing. I take no responsibility for your losses if you follow my crappy advice!
