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Trade The New NXTSCO Market at SecureAE / NXT Asset Exchange

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NXTSCO Scotcoin Contract Specifications:-

  • Total  ‘Locked’ NXTSCO Asset Size = 1 Billion (1000,000,000).
  • A total of 80% (800m) NXTSCO will be distributed into the market.
  • 50% (500m) will be sold directly into the market, while the further 30% will be offered as an Immediate Dividend, paid to all NXTSCO shareholders, following the 50% Asset Sale.
  • The 1st 50m NXTSCO will be available for purchase @ 0.01 NXT each, from 13/3/15.
  • Subsequent tranches of 50m NXTSCO will become available with an incremental price increase of 0.01 NXT, until all the initial 500m NXTSCO are sold.
  • Following the 500m NXTSCO Sale, a Dividend payment of 300m NXTSCO will be issued to all Shareholders, with the appropriate % apportionment provided, per individual shareholding.
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Scotcoin to Debut Trading on Bitcoin 2.0 Platform NXT.org @ 10am 13/3/2015

NXT SCOTCOINFOR IMMEDIATE RELEASE – 9th March 2015 –  Scotcoin.org

ANNOUNCEMENT – SCOTCOIN, one of the original community based cryptocurrency solutions, will list as a tradable asset, on the innovative new Bitcoin 2.0 platform NXT.org, at 10AM CET (Central European Time) on Friday 13th March 2015.

Launched, 1st March 2014, on its own native blockchain technology & following the subsequent migration to Counterparty’s platform in December 2014, this next step in Scotcoin’s growth, will be an industry first, whereby a community based cryptocurrency, will further utilize the innovative, new offerings, provided by multiple Cryptocurrency 2.0 infrastructures.

Derek Nisbet, the Founder of Scotcoin, said:-

“Following on from the successful creation and adoption of Scotcoin via our own native technology & the subsequent rollout to thousand’s of Scottish people, hundreds of Scottish businesses and many other interested communities around the world, we were both extremely pleased with the first steps of our pilot program’s success, yet concerned about how we could take Scotcoin to the next level.

Thanks to the innovative solutions created by the Counterparty.io project, this proved to be the perfect next step for us, enabling Scotcoin to migrate over from it’s own native, unsecured technology, to an extremely secure ‘Asset-Based’ solution, utilizing the underlying Bitcoin infrastructure.

As Scotcoin has matured, and can now be considered a ‘3rd Layer’ to the cryptocurrency ecosystem, it’s important that we focus on leveraging the underlying Bitcoin architecture and utilize all the technological advancements achieved, within the Crypto 2.0 Asset related space.”

Scotcoin will debut trading on NXT, this Friday, (13th March 2015) at 10am (Central European Time), with the following Contract Specifications:-

  • Total  ‘Locked’ NXTSCO Asset Size = 1 Billion (1000,000,000).
  • A total of 80% (800m) NXTSCO will be distributed into the market.
  • 50% (500m) will be sold directly into the market, while the further 30% will be offered as an Immediate Dividend, paid to all NXTSCO shareholders, following the 50% Asset Sale.
  • The 1st 50m NXTSCO will be available for purchase @ 0.01 NXT each, from 13/3/15.
  • Subsequent tranches of 50m NXTSCO will become available with an incremental price increase of 0.01 NXT, until all the initial 500m NXTSCO are sold.
  • Following the 500m NXTSCO Sale, a Dividend payment of 300m NXTSCO will be issued to all Shareholders, with the appropriate % apportionment provided, per individual shareholding.

Derek Nisbet concluded:-

“It is our wish that, with the launch of the Scotcoin Asset on NXT, this will further increase the adoption & investment into innovative new cryptocurrency solutions, aimed at solving immediate monetary problems, within communities.  We are currently in discussions with many similar type groups all across the world, looking at alternatives to faciliate effective ‘barter’, within their immediate communities.

With Scotcoin (in Scotland), poised to flourish in 2015, via the, community formed – ‘Scotcoin Foundation’ and many further subsequent ‘grass roots’ additions to the ecosystem, it is clear that there is now a real opportunity to utilize the power of the Bitcoin infrastructure, alongside Cryptocurrency 2.0 solutions and offer something truly game-changing on the ‘3rd layer’, allowing for new forms of ‘barter’ & ‘mediums of exchange’ throughout our world.  Very exciting times!”.

Scotcoin on NXT will be available from 10am (CET) on Friday 13th March 2015, either, via the Native NXT Solution or at SecureAE.com.