Yeah, no offense intended :) But the balance Block principle for transaction fees is new to me. When has the balance block calculation for the first accrual period started?
'A token holder’s claim on their share of nahmii’s transaction fees will be determined by the NII balance-blocks that they have accrued in the previous qualifying period. For more information on balance-blocks, please see the ’Balance-Blocks’ section' p28 of the White Paper (v2.0) As I said, I'm pretty sure that we've always used the balance-blocks concept for this - it's by far the fairest way to work it out
Also on p28: 'This includes tokens which have been airdropped to users within nahmii; users must withdraw their tokens from the protocol in order to activate them for accrual purposes. NII tokens within nahmii will not be eligible for accrual of transaction fees.'
The starting block will be just before the first airdriip, but we don't count the NII tokens held in the time-locked contract (because that address would get >90% of all of the fees if we did). In other words, we'll start counting from when the first NII tokens were distributed. Normally, you'll need to withdraw those airdriiped tokens from nahmii to be eligible for token fees. We're just giving people a little more flexibility for the first period, because that seemed like the fairest way to do it.
So the first fee distribution is actually based on your average NII holding over approximately a year
The balance block method used by Hubii/Nahmii is such a fantastic feature. It really removes the incentive to dump or buy a token at the end of each month. Lots of projects suffer from it.
Pretty much, yes 👍 It's a little more complicated in reality than a simple average, but that's a helpful way of thinking about it
Yeah, I just tried so simplify it a bit 😅 Was just interested in when the current accrual period started
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This was pretty nice: 13 million NII in fees already, just on thirteen monthly airdrops. Imagine what would happen when exchanges or payment systems (or a whole range of other use cases) start using this. Everybody needs to keep their NII's on chain to accrue fees, not on tradingplatforms. No reason to sell, many reasons to buy.
So, how we get a little bit volume for both coins? Not speaking about the price just daily volume. Any suggestions?
Rather than excluding exchange balances from the NII and HBT airdrops have you thought about working with the exchanges to ensure they distribute the fees to the accounts?
As I said in an earlier reply:
'NII tokens held in an exchange, like HBT in an exchange for the airdriip, willnot normallygenerate balance blocks'
We haven't ruled it out entirely, but it would impact on the trustless aspect of fee distribution. For the first period, there's an element of trusted distribution (for NII held within nahmii). This won't apply from the second period onward, where all fees will be distributed trustlessly on-chain.
It's a question of balance - we can include more NII tokens in the calculation if we allow exchange balances to count, but that would require exchanges to work with us (and possibly run their own balance-blocks calculations). It would come at the expense of trustlessness, which is a pretty high price to pay.
Not worth it. Too much work for all parties involved, decreases trust and increases centralization.
Thanks John. I can understand why it would become complicated down the road. But when volume is terrible and only one exchange has listed NII can’t you guys can consider getting liquid onboard for airdrops? Providing incentives to hold NII off exchanges can’t be helping with volume.
As I said, it's not something that we've ruled out completely (and Liquid would be the obvious candidate if we decided to do it). At the same time, we need to think carefully about what is best for nahmii in the long run. There are good reasons not to count tokens that are not on mainnet. NII tokens held in an exchange are not immediately available to be staked into the Oracle. This changes the calculations regarding 51% attacks. Similarly, tokens in an exchange are more liquid than those on the mainnet. Fewer tokens available for sale can increase the token price, which makes attacking the Oracle more expensive and risky. Like I said, we've given this some thought - it's not an outright no, but I'd say it's unlikely in the short-term that we'd have tokens in exchanges accruing balance blocks.
Speaking of Microsoft. Any updates on that frontl? You mentioned that you ran into some problems a few weeks ago hence the delay. I don't think nahmii is available on Azure yet?
We have multiple avenues open. Hope to provide a concrete update over the next few days 👍
Some of those avenues are truly exciting and powerful. It seems that our value proposition is fully comprehended.
I just popped in. Saw this. This looks exciting. Another video on the cards Jacobo? Tis about time. 🙂
It would imply I should get some sleep, shave and look decent; too much to ask for for this time of the year! 😂
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While the nahmii team cannot give you investment advice, we're happy to provide you with more information.
A good starting place to learn about nahmii is its main website:https://www.nahmii.io/From there, you can access the updated nahmii White Paper which will give you a more detailed technical overview:https://www.nahmii.io/nahmii%20White%20Paper%20v2.0.pdfWe also have a large archive of news stories and technical deep-dives on our Medium blog, which is here:https://medium.com/hubiiOur partners include Microsoft, NBX, Liquid and NEO. You can read more about our recent event with Microsoft and NBX here:https://medium.com/hubii/microsoft-announces-upcoming-oslo-event-with-hubii-nbx-and-startuplab-5b33bda30817Finally, we have a considerable number of active public repositories on GitHub where you can see the work of the technical team:https://github.com/hubiinetworkYou're also in the right place to ask questions - our Telegram group has a strong community who are happy to help if you need more details. The chat is also monitored 24/7 by the nahmii team. Hope that helps 👍
Both Nahmii and Hubii are fully mined but you receive monthly airdrops of Nahmii for holding Hubii in an address that you control. The airdrops will run for a further 9 years.
In the not too distant future you can also receive more Nahmii in transaction fees if you hold them on chain. I think the team are releasing more details on that over the next few weeks.
i hope liquid exchange is supported. Please use liquid in which nahmii is listed for trading in BTC & ETH pairs.
As mentioned above, you can use any erc-20 supported wallet for which you have full access.
You can always go tohttps://www.myetherwallet.com/and create your own ERC-20 wallet. this is just one of the many out there. i suggest you to do your own research for wallet creation.
I hope that is nothing to do with the project or anything else here. we are here to help you about Nahmii 24/7.
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