Redeem 1.7 NEM Stake

Hi,

I have been away for a while, took a break and didn’t look at nxt nor bothered to look at my nxt wallet, but when i returned (prompted by the spectacular XEM rise) i noticed i still have 1.7 Nemstake in my wallet. Can i redeem it for 1.7 million XEM?

Thanks, DJ

You got those old nemstakes that were traded on the nxt exchange?
Those stakes are worth nothing by now since we launched long ago.

Yep i got those, why i can’t redeem them?

Because the time for redeeming ended somewhere 2014. You are way to late.

O that sucks… isn’t that a shitty way for NEM to reward their ico investors, by putting an expiration date on it ? Thanks for your answer anyway.

Every ICO has an expiration date, and that is when the genesis block is generated. Just how Crypto and ICOs works.

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Not really, never encountered this before and i have been in bitcoin since 2011, investing in numerous ico’s ever since.