Since there was a lot of confusion on how to redeem stakes, we hope to clear things up with this post.
For NXT AE Stakeholders:
1. Please create a real NEM address as described in the pictures here: https://forum.nemcoin.com/index.php?topic=2488.0
2. Save those data in a secure place and keep them secret. The client will NOT save those data for you. Everytime you use the generator it will spit out a new set of data, so make sure you save everything yourself!
Please also note that real addresses start with “N” not “T”.
Here is a guide on how to safely create and store your data https://forum.nemcoin.com/index.php?topic=2583.0
3. Once you have successfully created your real address you are ready to redeem your stake. Please send your NEMStake asset to NXT-97MX-EWKV-CGKX-DA5WH. Include a message in the transaction that consists only of your real NEM-address (the one you have created earlier).
Important Note: Please make sure the message you send is NOT encrypted.
After you have sent your asset you’re done. You have successfully redeemed your asset and can now wait for the official launch.
For BTT Stakeholders:
1. Please create a real NEM address as described in the pictures here: https://forum.nemcoin.com/index.php?topic=2488.0
2. Save those data in a secure place and keep them secret. The client will NOT save those data for you. Everytime you use the generator it will spit out a new set of data, so make sure you save everything yourself! Please also note that real addresses start with “N” not “T”.
Here is a guide on how to safely create and store your data: https://forum.nemcoin.com/index.php?topic=2583.0
3. Once you have done that, please go to: https://chain.nem.ninja/stakes and enter your token (received during Phase 1 via PM) and your real NEM-address (the one you have created earlier).
If you have done everything right you should see a message telling you that you have successfully registered your stake and can now wait for the official launch.
FAQ:
Q1: Is there some place where I can check if everything went fine ?
A: Yes, please see: https://chain.nem.ninja/stakes/registered
Q2: When I import my private key the client shows an address with a T instead of an N. What’s up with that ?
A: That’s perfectly normal. It’s simply because we’re still on the testnet. After launch that private key will create an account with the correct address you’ve created — no worries. The client has a function to validate your data if you feel so inclined. You can find it in the same menu where you’ve created your real NEM-address, under “Verify real account data”.
Q3: How long do I have to redeem my Nxt AE asset and BTT stake ?
A: Deadline is set for 29th(00:00 GMT 30th) of November.
Q4: I’m getting a warning about the certificate on chain.nem.ninja. What’s up with that?
A: Don’t worry. We’re using a self-signed certificate which is why you’re getting that message. Just double check the url and you should be fine.
Q5: I’ve completed phase 1 — Why doesn’t my name show up on the registered page ?
A: Because phase 1 is over now. Phase 2 has begun and only people that have completed phase 2 are being displayed. Please note that phase 1 alone will not be enough to get your NEM.
Subscribe to our Newsletter here: NEM Newsletter
