NEM Redemption Starts Now


Hi,  I have tried several times but it keeps on saying token is invalid. Tries different browsers as well. Can someone help. I dont see my name on the registered list as well


are you highlighting it and copying it or just typing it?

Highlighting and pasting it


Highlighting and pasting it

Ok pat will have to check that for you.

Thanks, I was talking to pat in BTTalk but somehow I cannot send any more private messages there … Waiting for his response.

Any update on this ? If my older token is not working cant i Be issues a new one. I have tried everything but the token issues is not working


Any update on this ? If my older token is not working cant i Be issues a new one. I have tried everything but the token issues is not working


I've just sent you a new one.

Thanks a lot it worked!!  ;D

1341 of 2075 tokens are claimed now.

When does this phase end again?

I haven't got the token yet via pm. Could you check it please? My username on BTT is "keva" and there is my tx:
https://bitcointalk.org/index.php?topic=440185.msg4883540#msg4883540


I haven't got the token yet via pm. Could you check it please? My username on BTT is "keva" and there is my tx:
https://bitcointalk.org/index.php?topic=440185.msg4883540#msg4883540


You can say anything here.
Please pm me on btt so I know it's really keva.

Is there a 'redemption protocol' for NEM stakes on the NXT asset exchange out yet?
if I missed it, can somebody post a link please?

Thanks!
ah ok the latest Newsletter from yesterday seems to provide more details:
[url=https://medium.com/@xtester/nem-newsletter-6-2014-10-19-6cc2c2cc99be]
https://medium.com/@xtester/nem-newsletter-6-2014-10-19-6cc2c2cc99be


So NXT AE stake redemption will commence in Phase 2

How many NEMstakes are there?
https://medium.com/@xtester/extended-redemption-period-d6e7ceaf3a53 says something about 2000 people and 750 000 NEM per stake. That means ~ 1 500 000 000 NEM to stakeholders.

mixmaster says "1341 of 2075 tokens are claimed now."  Which means 2075 btt accs get NEMstake, on NXT AE there  are ~ 712 NEMstake tokens (http://www.nxtreporting.com/shareholder.php?a=12465186738101000735)
that means 2787 stakeholders * 750 000 NEM per stake = 2 090 250 000 NEM

Arent they supposed to get 71% of NEM (2 840 000 000) ?

EDIT: https://medium.com/@xtester/extended-redemption-period-d6e7ceaf3a53 says it is 750 000 NEM per stake after launch. so it is more NEM per stake if you claim it before launch?


How many NEMstakes are there?
https://medium.com/@xtester/extended-redemption-period-d6e7ceaf3a53 says something about 2000 people and 750 000 NEM per stake. That means ~ 1 500 000 000 NEM to stakeholders.

mixmaster says "1341 of 2075 tokens are claimed now."  Which means 2075 btt accs get NEMstake, on NXT AE there  are ~ 712 NEMstake tokens (http://www.nxtreporting.com/shareholder.php?a=12465186738101000735)
that means 2787 stakeholders * 750 000 NEM per stake = 2 090 250 000 NEM

Arent they supposed to get 71% of NEM (2 840 000 000) ?

EDIT: https://medium.com/@xtester/extended-redemption-period-d6e7ceaf3a53 says it is 750 000 NEM per stake after launch. so it is more NEM per stake if you claim it before launch?


I think 'after launch' actually means 'after the redemption process'.
So if you're late you will get 750k instead of 1M coins.


How many NEMstakes are there?
https://medium.com/@xtester/extended-redemption-period-d6e7ceaf3a53 says something about 2000 people and 750 000 NEM per stake. That means ~ 1 500 000 000 NEM to stakeholders.

mixmaster says "1341 of 2075 tokens are claimed now."  Which means 2075 btt accs get NEMstake, on NXT AE there  are ~ 712 NEMstake tokens (http://www.nxtreporting.com/shareholder.php?a=12465186738101000735)
that means 2787 stakeholders * 750 000 NEM per stake = 2 090 250 000 NEM

Arent they supposed to get 71% of NEM (2 840 000 000) ?

EDIT: https://medium.com/@xtester/extended-redemption-period-d6e7ceaf3a53 says it is 750 000 NEM per stake after launch. so it is more NEM per stake if you claim it before launch?


I think 'after launch' actually means 'after the redemption process'.


Nope. After launch actually means after launch.

Sorry, I have problem of expression in English language. :wink:

I have a question in regards to the registration portion of the redemption process.  I purchased my NEM stake(token?) on the NXT AE, I realize I have to wait for Phase 2 of the redemption process but I am a bit confused as to the 1 month registration deadline mentioned in the instructions. 

Where do I register?  Any help would be greatly appreciated, I do not want to miss this approaching deadline.  Thanks.


I have a question in regards to the registration portion of the redemption process.  I purchased my NEM stake(token?) on the NXT AE, I realize I have to wait for Phase 2 of the redemption process but I am a bit confused as to the 1 month registration deadline mentioned in the instructions. 

Where do I register?  Any help would be greatly appreciated, I do not want to miss this approaching deadline.  Thanks.


if your stake is on the AE you dont need to register.. that part is only for those who did not claim/buy a stake on the. the part you need to follow will be announced soon.

Updated the OP with Phase 2 of redemption.


Updated the OP with Phase 2 of redemption.


Is it the 'Transfer' tab to send the nemstake?

I am ready to redeem my nemstake on the AE via the phase 2 instructions. In the absence of real nem being live, how will we know it is successful, will there be some sort of notification that the nemstake has been received?