NEM silver coin for all stakeholders?


I have maybe a question that's been asked before too: why aren't the unclaimed stakes being divided amongst the stakeholders?

Fast and simple answer:

What if:

you have 1 Nem with U$$ 1,00 stake value ?;

you have 1 000 000 Nem with U$$ 1,00 stake value?

Whats the difference?
Sure it is. Question is: what $ have to do with NEM? There's 1 NEM vs 1kk NEM and nothing else. We're talking about cryptocurrencies or on-crypto-$-speculators'es profit?!

What is the Status on this project?

yes, whats the status? also what about 5million NEM thing which makoto mentioned?


yes, whats the status? also what about 5million NEM thing which makoto mentioned?

The Development Contract says:

Note: The execution of the silver coin project is not guaranteed and will only proceed providing that XEM market cap and liquidity are sufficient to cover the expenses with the allocated stakes. If this condition is met, all initial stakeholders will be issued their silver coin asset. If the allocated stakes do not reach a high enough value to fund the project (to pay the mint and cover all costs [shipping costs etc.]) until V1 is released, the complete fund will be transferred to the community fund. "A high enough value" can not be exactly fixed at this time, but to get a feeling: it is estimated that the fund should reach at least USD 260,000 to be successful.


The rumor which came from makoto was probably concerning node rewards, see http://blog.nem.io/nem-node-rewards/
But that is off-topic in this thread.

So here we have an opportunity to launch a bullion-back currency that is parallel to NEM and lives on the NEM asset exchange! A world first!


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My Support! But why to link to the mailing list? Sending out the bullion coins is a separate complex business. Only the customs problems in different countries will be a huge headache. Confusion will arise with multitude of destinations too.
On the other hand, association of NEM with classic silver currency has a real thousand-year-old history provides a lot of advantages: https://forum.ournem.com/ideas/xem-d274n256rius/.

WOW!
When can we receive the NEM silver coin?
I want to kiss and bite it eagerly!
:smiley:

Don’t break your teeth biting it :slight_smile:

The silver coin program is dependent on the market cap, but I am thinking that it is possible for the program to move forward within a couple of months. I think either way, a decision will be made within the next 2 or so months.

I bought a silver coin on the NXT A&E redeemed it already sent my address everything what happens to all the ppl that bought a silver coin that haven’t received anything yet

Did you read my quote from dev contract a few messages earlier?

So, right now nothing happens. But if the marketcap isn’t high enough at the relase of V1, I think people will get a refund. @makoto? @rockethead?

if NEM/XEM will be a success story as we all hope this silver coin is proper created and marked with example NEM stake ID to be unique

this thing could become valuable as a superbowl ring in a few years

i like the idea

New York Giants linebacker Lawrence Taylor’s ring from 1991’s Super Bowl XXV sold at auction for $230,401.

If NEM is successful, yes, these coins will be worth a lot more than an ounce of silver.

That is correct.

XEM cold storage will add to the collectability. The private key can be put underneath a hologram sticker,
similar to the original Casascius coins or Titan.
https://www.casascius.com/
https://www.titanbtc.com/

Some of our earliest silver and gold coins had lettered-edges. A better method is to have the private key engraved
on the edge of the coin.
http://www.alitinmint.com/Images/Schematic.png
http://www.alitinmint.com/
http://www.perthmint.com.au/minting_services_privat_minting_options.aspx

Also an encapsulated case will make them secure and easily tradeable, just like slabbed coins from PCGS or NGC.


https://www.ngccoin.com/

1 Like

that great so because the value of the coin pot by far exceed the value of a silvercoin
it will be a very exclusive coin set paired with a private key and a added XEM ammount on it

that sounds great

qualified for the silver coin are just original stakeholders where their address still hold at least the original 2.3 million XEM ?

which reduce the amount of people qualified
and add even more funds that can be spend for each single coin and the deposit on the linked private key

i can estimate this items where i estimate only around 1000 will exist (i expect the other original stakeholders no longer own their full share)

have a insane high collector value special if the seal is not broken

these project must going

@tolstoy I really like your suggestions. I think when/if we do silver coins, we will be doing something like what you suggested. I already had a similar idea.

Eh what when was it said that you need to hold at least 2.3 milion of the original XEM? That is insane, didn’t each stake holder get like 2.25 million XEM?

I’d argue that being active within the XEM community (not having left it completely at least) is far more important than that you as a stakeholder have been hording and not been using any of your XEM.

stakeholder

not

stake seller

but im sure the ruleset which we dont know yet might have some tolerance range

maybe something like “who hold at least 1 million in the original stake address”

i mean do we want to reward people who sold all their XEM with a silver coin?

if they dont care for the coin the coin should not care for them

this baby is 65 cm big
use this as inspiration :sunglasses:

i mean hey the silver coin fund is dam crazy 300 million xem big!

also the silver coin fund hold 300 million XEM
and we have only 1100 legit stakeholders at launch
if ya scan for people who still own their stake (or at least 50% of it)
then i guess the silvercoin each of then gets can have the value of like 1 million XEM