Is NXT dead?
So the story goes like this, Jelurida will raise tons of NXT during the Ignis crowd sale, then dump it on the market, this will cause the NXT price to crash, and after the Ardor launch no one will develop NXT so there is no future to the project. Or in other words “NXT will die” and why buy a token that will die? So in other words “NXT is dead”. And here is a proof, see Dead, Dead, Dead and Dead
If I only had 1 NXT for every time someone said that “NXT is dead”. For some reason, NXT has this nasty habit of not dying. Like the bad guy in a horror movie it has been punched, stabbed, trampled, bashed but always comes back with a vengeance.
Let’s look at the facts. NXT is one of the most innovative blockchain platforms around, it has been running stable for almost 4 years, has a large community of fanatic followers with some strong foot hold in the business world and a best of breed development team. In fact show me another team that uses its own technology for its own crowd funding campaign.
Add to this that NXT is a great platform for developing decentralized applications, it is simple to extend, written in Java and has all the major building blocks already implemented. Being built from the ground up using proof of stake it is also an ideal platform for private blockchain applications.
In the past the NXT team had no funding, marketing, PR nothing, did it die? Now with Jelurida, a well funded corporation behind it, why would it? Why would Jelurida stop developing NXT, a stable and mature product with a huge potential? NXT is our bread and butter.
NXT is traded daily for around 10M$ or 100M NXT daily turnover. Jelurida will sell up to 400M NXT over a period of 3 month. Will this kill NXT? If so how come Ethereum is still alive when hundreds of millions of dollars raised by Tezos, Filecoin, Bancor and the like, are being dumped on exchanges every day?
Rest assured my friends, NXT has a bright future, it has been around for almost 4 years and will be around for a long time.