Developments, Masternode Voting and Airdrop
As we’re getting closer to our exchange’s relaunch, we want to update our community on recent developments in this small overview. So what have we been up to?
Developments
We’re happy to inform our community that we’re wrapping up our 2.0 platform development and are now arriving in the stage of testing. We’re still on schedule for a re-release before Christmas. Since we got many questions on how far we are, we set up a public development board on Notion.so. Everybody is free to give comments to get the right input to realize the exchange you have all been waiting for. Your input is valuable on this one:
https://www.notion.so/b81740f6c3d64a6086d37013787445b8?v=2f86b3a510a847658fb73829a73c705a
Before I forget, read the content of the boards to get more information. All of the changes are not ‘pushed’ to the production stage. It will be when it is tested and completed.
Masternode Vote
Our goal is and has always been a community-driven exchange for becoming as decentralized as possible. For any significant changes or events, we will consult our rather big group of Masternode holders. We’ve recently asked them how they would like to see the collected trading and listing fees distributed to NEXT holders. Option 1: being redistributing against NEXT holders on NEXT.exchange and Option 2, which won: NEXT buy-back from the market.
The collected cryptocurrencies from trading and listing fees will be converted into NEXT, meaning the team will buy NEXT back from the market and airdrop them against all accounts with more than 100 NEXT on NEXT.exchange.
If you also want to become part of the NEXT.exchange government, you need to hold at least 25000 NEXT and start up your masternode. See how to do that on this blog: https://medium.com/nextexchange/how-to-setup-a-masternode-with-nodehub-io-25e4f4b2051a
Upcoming PAYT airdrop
As we probably all know by now, we’re airdropping PAYT to NEXT holders: https://medium.com/nextexchange/payaccept-airdrop-for-next-holders-aac83d070a20.
We’ve had several questions about the airdrop in the last few weeks, and as we want to make sure we avoid all the confusion, we’ve listed all requirements in this blog one more time. On December 22, 00:00 AM, we will take a snapshot of the blockchain. All users with 5000+ NEXT on NEXT.exchange will receive PAYT on a 5:1 Ratio in blocks of 5000. This means 4500 NEXT will receive no airdrop, 5000 will receive 1000, 8000 next will still get you 1000 PAYT, and 10000 NEXT will get you 2000 PAYT. The coins need to be on the NEXT exchange to be eligible for the airdrop, and we’re capping the airdrop at 20.000 next (4000 PAYT max.).
Finally, to be eligible for the airdrop, all NEXT holders who want to receive the airdrop need to place their NEXT on the wallet on the exchange. You can withdraw them after December 22. Unfortunately, this step is necessary; otherwise, we cannot connect your account to a valid PAYT address where you will receive them. To make sure it will not become an internal event, we will promote this airdrop on several telegram channels.
We hope our community is just as excited as we are about the road ahead of us!
