NXTROLL.org - new working NXT pool

[Deasmirl]

Hello everyone! Let me introduce our project - NXTROLL - NXT pool for forging.

Pool statistics: http://nxtroll.org/statistics.html
Account statistics: http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=8301133042480869472


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What is the principle of the NXTROLL pool?
Everyone knows that for successful earnings of NXT, you have to get as more NXT as possible on your account. So the goal of NXTROLL is to collect as more NXT as possible and to make the process of collecting, profit calculating and cash out simple, convenient and safe for participants.


So, what about the process of collecting and joining the pool?
Every week from Friday 22:00 (CET) till next Friday 22-00 (CET) we start a new collecting circle. It means that you can join the pool at any moment. To simplify calculating, we accept NXT by thousands, the minimal buy in is 1000 NXT. Maximum is unlimited.


Once again, minimal buy in is 1000 NXT ?
Yes, we call this “share”. It is not share like shares on fund markets, this price is fixed, and it was made to simplify accounting of coming money from senders and for calculating a profit per share which you will get after a week of deposit.


How many shares can I buy?
You can buy any number of shares. Maximum number of shares you can buy is unlimited. Amount must be a multiple of 1000 NXT to prevent a chaos of calculating.


Ok, Friday 22-00 (CET) comes, what then?
We shut down the collecting circle and it is clear, how many shares are there in the pool. Forging starts bringing a profit to NXTROLL pool. Also we place a statistic report for the previous week and make a pay outs. Also we start new collecting circle on Friday 22:00 (CET) till the next Friday 22:00 (CET) as it was noticed before.


What is a minimal time of deposit?
Minimal time of staying in the NXTROLL pool is a time before shutdown the collecting circle (5 day maximum) and 1 forging week of work (7 days minimum from Friday 22:00 (CET) to next Friday 22:00 (CET)). So, you can count, that the minimal time is between 8 to 13 days.


What about the distribution of profits, you said “profit per share”?
Yes, after the working week is over (each Friday 22:00 (CET)), we place a statistics of NXTROLL pool. So if there was a 100 shares (100 000 NXT), and the balance after 1 week forging is 101 000 NXT, profit of the pool is:

101 000 NXT (current balance) – 100 000 NXT (volume) = 1000 NXT (Pool profit).

Profit per each share is: 1000 NXT (Pool profit) / 100 (shares) = 10 NXT (profit per share).


Please, describe a payout / cash out mechanism.
“Plus” of NXTROLL is that you can leave when you wish. Exception is you have to stay inside minimal time of deposit – is 1 week for forging. After you can fill free to ask us for pay out and get you shares and your part of the profit.


If I wish to cash out earlier then a minimal deposit term finished?
It is also possible, but you will have to pay a penalty fee – 1% of your amount, but no less than 10 NXT.


If I wish to stay longer than 1 week?
If you stay longer than 1 week of forging, we automatically include your amount into next collecting and forging circle.


What is fee politics of NXTROLL?
1. Each cash out costs 1 NXT (minimal transaction commission).
2. NXTROLL takes fee – 1% of your profit, but no less than 1 NXT. If your amount is 2 shares (2000 NXT) and if the profit per share is 10 NXT, your own profit is 20 NXT, so the final fee is: 1 NXT (transactional commission) and 1 NXT (NXTROLL fee). You will get 2018 NXT.
3. Penalty fee. 1 % of amount but no less than 10 NXT (if you take back your money before minimal term – 1 week - finished).
4. No other fees.


How can I trust NXTROLL?
We are going to base NXTROLL pool service on a social reputation. So you can try minimal buy in and minimal deposit term and make cash out directly after it finished. Our goal as was described in the first FAQ item also contains the desire to promote NXT system. We love NXT and we wish it be more popular.

[Saraginsky]

Hi! +1)

I'm gonna be a client of yours)) But don't count for more than 1000 NXT.

[Rullimanuk]

Okay I'm in! 1000 or 2000 NXT yo try it I really like that the minimum amount is 1000 because there is no pool for starters with few coins, keep the good work!

[Deasmirl]

Hello guys! Both of you are welcome! =)

[iruu]

Don't use this. The only difference is 3 NXT minimum, but that doesn't change the calculation much. 

People really shouldn't use this thing.

I have about one million nxt. 
I was forging for the whole of 4th January and earned 10 NXT
(unfortunately, the client is still shitty and periodically gets into state with negative blocks, so it's hard to have one whole day). 
I think the true average is going to be lower, but lets use this. This gives 1NXT/day for 100k NXT.

You pay 4 NXT for transactions to this pool.
With 1000 NXT, generating these is going to take more than a year. 
Transaction volume can grow, sure, but depositing nxt in a pool just doesn't make any sense now.   

It's not really a problem with a pool concept, the true problem is that nxt transactions are ridiculously expensive. Unfortunately the developers and big stakeholders think this is somehow a good thing.

[Deasmirl]

Don't use this. The only difference is 3 NXT minimum, but that doesn't change the calculation much. 

People really shouldn't use this thing.

I have about one million nxt. 
I was forging for the whole of 4th January and earned 10 NXT
(unfortunately, the client is still shitty and periodically gets into state with negative blocks, so it's hard to have one whole day). 
I think the true average is going to be lower, but lets use this. This gives 1NXT/day for 100k NXT.

You pay 4 NXT for transactions to this pool.
With 1000 NXT, generating these is going to take more than a year. 
Transaction volume can grow, sure, but depositing nxt in a pool just doesn't make any sense now.   

It's not really a problem with a pool concept, the true problem is that nxt transactions are ridiculously expensive. Unfortunately the developers and big stakeholders think this is somehow a good thing.

Thanks for your advice, IRUU, but we are working not for millionaires, but for people who has not so much NXT.

[iruu]

The point is that it takes about a year for someone with 1000NXT to cover the COSTS.
Two users have already proven they aren't great at rationally managing their money so this warning had to be made.

[Deasmirl]

The point is that it takes about a year for someone with 1000NXT to cover the COSTS.
Two users have already proven they aren't great at rationally managing their money so this warning had to be made.

Perhaps, but who knows, how many NXT we will collect. Profit depends on amount.

[Berzerk]

I added you on NXTarea.com

[Deasmirl]

Thanks a lot)) We are going to be social and to be stable.

[AlexIv]

I guess, buy in is normal, cause most newels don't have more. I'll see... perhaps I'll join. But not in first week... ha-ha 

[nxtberry]

+1, I like the project, just keep extra security with forging account password

[Deasmirl]

yeah, we have extra long password. Personally, I think this one is completley safe. 

[Deasmirl]

Ladies and gentlemen!  We have incredibly good results, now there is 1 share inside a pool.)))))) Show must go on, I suppose.

http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=8301133042480869472

[Deasmirl]

Good evening to everyone!  Here is our poor but very transparrent statistics. http://nxtroll.org/statistics.html So, if someone going to invest in the most simple and transparrent poor, you are wellcome!