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Do you really have funds to reward the winners? Or you are depending on how much people will participate in the lottery?

STO ended months ago, raised more than 20 millions! Now the main product, Nash exchange, is near release date and the lottery is the beginning of an aggressive marketing plan. So to answer, YES, there are funds for the lottery and most importantly, you can win with even 1 ticket!

Also keep in mind that Nash was the first STO in Europe, and to be a Security Token you need to do everything by the law.

Signing up for free lottery ticket is free but here's the catch -

https://i.imgur.com/ekZtOgB.png

So it is not totally free and if your referral does not have that amount in his portfolio and does not activate his account, then your referral ticket is useless.

Correct, that is to prevent frauds through bots or fake accounts and give a true chance to anyone to win!
You don't need to spend any money, just hold 25$ t the time of the draw.
Anyway you can activate your own ticket yourself, for every people you refer you get 2 more tickets(that needs to be activated by the user referred) and for every people the second user refers you get 1 more ticket!

https://i.imgur.com/6JmrJCo.png

I understand that $25 in your portfolio is very small requirement.
But what is the minimum order to place in the Nash exchange?
Not stated under your terms in activating the ticket.

https://i.imgur.com/RoMYfnk.png

Also, your referral should be knowledgeable about the terms because he might expect for nothing.

There's no minimum order to be placed! 

Welcome aboard of the decentralized finance hub of the future! Only in Nash you will be able to trade the real token in a fully decentralized way, you are always in control of your coins and assets!

Sorry for doubting at first. We are talking huge amount of money here the reason why I was hesitating its authenticity. But after browsing the site and your other docs, everything seems in order here and you have the funds to run this lottery. Good luck!

Great! Appreciate the answer.
I believe this is another DEX in the making with plenty of funds to start with.
And from my perception, STO is now more credible than ICO.
As you stated somewhere, you are following all the laws under your area of jurisdiction.
This is a good indication that you are running a legit exchange and will not run away from investors.

This is the first DEX project i will be seeing, coming up with an STO. It is a good development.
If i am not missing it, i think a lot of crypto enthusiasts are now beginning to have interest in DEX

On your website, you introduce NEX as "Europe’s first digital security", Where can I find information about NEX registration?

You're looking for this:
https://link.medium.com/WTntl0M3yU

Keep in mind Nash is the NeonExchange rebrand!

No there are also some others who are building a DEX and want to run it with security tokens I think.

Acquiring the needed licenses is tough, building a revolutionary product and make a true DEX is even harder.
Nash is the first mover, and all DEX running are FAKE DEX, last example, BINANCE DEX where you are not allowed to trade the real tokens but only tethers (ETH.B ecc) based on a centralized blockchain owned by binance.

If you build a true decentralized exchange, do you even need a license for that? Nobody can stop it anyway and contributing to its code base shouldn't be illegal or is it?

I have a question. Do you have any rewards for the bugs found that were found on the platform and for the security issues found?
And you plan to arrange something like a hackathon in the near future.

the link doesn't work, can't signup.

Even if it's a true DEX, doesn't mean that can ignore the laws, especially if it's a security token and wants to support tokenized stocks and forex trading too. Next years, regulations will hit hard eventually and only few exchanges will survive. Nash is a fully non custodial regulated dex, that's why US investors and traders are welcome since launch. KYC is needed only for increasing the trading limits above 1k/day.

You need to give it a couple seconds to load the code and unlock the Sign Up Now button. You should see something like this:
https://i.imgur.com/kqMCGyI.png (https://nash.io/referrals?code=GdGnjA)

Yes, i get notice "Page not found" but i reload several times and can sign up now!
also i check this program only for participant that have portfolio balance at least $25.  :-\

Yes you need to hold 25$ and do 1 trade( no min amount) on the exchange to activate your ticket. This is necessary to give anyone a true chance to win, without these rules we would have tons of bots creating fake accounts! Now spread the word and get 2 more tickets for every person that sign ups with your link!

Good question. No rewards right now for bug finding. Nash takes security very seriously, although its revolutionary technology allows off-chain trades, the platform's security is being tested by professionals in the sector, doing their best to try to break it without luck  ;D
An open hackathon might be organized in the future.

And if the developers of a DEX are not known? Or what happens if someone contributes code to a DEX, does that violate the law?

the marketing promotion that join the lottery for free is really not totally free.
you need to be transparent at the very beginning that they do need to have at least $25 in their account and do even one trade within your platform.
i would take this as not free lottery though...and another catch, you need to complete the kyc to fully utilise this platform? i know it is sop for every legit exchange but for a new one, i wont trust my docs yet.
btw do you have the stats of registrants for this lottery program?

Since you don't loose 1 cent i think calling it free is legit, you don't even pay the trade fee as a maker. Anyway the terms and conditions are clearly stated on the lottery page, and i think you would agree that the 25$ balance is a needed barrier against fake accounts and bots, giving a true chance of winning to everyone.
The beta on 31 march will be available only to the community members that joined the lottery.
Lastly, there's no need of KYC. KYC is only needed to increase the daily trade volume above 1k.






Sadly, the identity of many exchange's (even CEX) devs and operators is not known. Take a look at this article for example:
https://shitcoinoffering.com/hitbtc-exchange-mcafee-tolls/
Anyway i don't really understand your question, a DEX doesn't need to be opensource, and if a DEX or a CEX violates the laws the whole company is in danger.

Nash's team is very well known and you can easily verify all the info online, the founders are from CoZ that basically build the whole NEO ecosystem and brought it outside China.

To participate in the Referral program giveaway,  must create an account, and should also be verified by KYC?

No need to do any KYC, just need to register through this link (https://nash.io/referrals?code=GdGnjA) and wait for the page to unlock the Sign Up Now button in the homepage since you can register only through invitations right now.

This is a good decision. Many who were afraid of introducing kyc can now work.
My big question in this moment is how you will fight with indian and chinese bots who like to use this hole in the referral program?

To activate a ticket, the user must do 1 trade on the exchange and hold a portfolio of at least 25$ by the the day of the draw.
This will eliminate most of the fake accounts and bots.

And if you move an amount over $ 1000 for example and do not have balance, can you participate in the same way or only with account balance?

The amount traded is not important, the only thing that matters is that you have done at least 1 trade and that at the day of the draw you hold at least 25$ in the portfolio.
the day of the draw is 18:00 UTC, 17 June 2019

So you can even register now, and on 17 june you deposit 25$, make a trade, join the draw and at utc 18:01 you can withdraw your money

About the lottery. It would be better instead of these raffles to buy a market maker for the exchange for a couple of weeks of work.
All decentralized exchanges at the moment can not normally start because they dont have volume and mm. People seeing that there is no movement and yes does not return to the platform.

Nash will launch with market makers since the very beginning in order to provide the needed liquidity and sustain the payment gateway!
We can't really ask to all users to implement a market maker.

Hello
Where do I have to deposit funds to activate tickets? I see that Nash exchange isn't still ready but terms states that you have to make at least one trade on the dex and deopsit at least 25$? How? Where?

You will receive all info via email once the platform is live. Currently all open betas has been successfully concluded!

The problem with most of the new projects in the space is not ideas but unable to generate traction for their platform, people are not coming to your platfrom and what I see in the space now, especially the exchange market the big is getting bigger and the small, smaller. This is a make that is getting crowded and NAsh team have no way to solve this problem

Very true. But, exactly that aspect is probably not the big issue for Nash, considered how known it is, how many bought into the STO and that it even needed a lottery. I didn't get a ticket, so I had to buy on Switcheo.

In my opinion it will be simple: If they deliver quality there will be liquidity and volume. If not.. not. But my bet is on success for Nash. It may take some time, but the team will keep on improving. They didn't start this to give up because the first 6 months after launch will not be on Binance-Level.

Will anyone from any country be able to buy BTC etc with fiat on this DEX?
Fees?

Yes, there are specific partners for every region

https://i.imgur.com/4Uv8NlW.png

https://community.nash.io/t/why-nash-wants-us-not-to-care-and-inquire-about-the-launch-delays/6983

Confirmation:

https://i.imgur.com/rkaUTT1.png

https://community.nash.io/t/nash-exchange-inc/6997

dash with the n it used to have right

sofistication at its best

Projects have no correlation.  ;D Nash name is derived by John Nash, the famous mathematician who revolutionized economy with the game theory study.

 

Can you register now?

https://exchange.nash.io/create-account
Page not found

 

Nash announced that now the new decentralized API keys can be used in internetwork markets, a blog for which data storage will go to a new level https://blog.nash.io/nash-launches-decentralized-api-keys/?utm_campaign=coschedule&utm_source=twitter&utm_medium=nashsocial