Bitcoin Forum

What happened:

Nominex had their bounty back in August 2020 and ended by September. Listed on their payment rule is below:


It was later revealed in their telegram channel that although these token were credited to each account directly, these token can not be moved, sold, transferred, traded, or any other thing other than used as a discounted trading fee. In other words, these payment token were as good as being locked or uncredited for onky god know how long.

Nominex themselves planned to distribute their token on April 2021, which later announce to adapt DeFi and move the distribution forward to an unspecified time around end of 2020. In spite of that, there is a new revelation that bonus token (which consist of bounty, daily demo trade, and real trade) will be gradually released proportionally for three years. Yes, THREE YEARS.


It means, suppose you have 300 NMX (which roughly valued at the same amount of USD), you'll get 0.27 NMX or probably around 35 cent at best, daily, for three years. Assuming the dev didn't run away with the money or being left by their community and price crashed during the course of 3 years.

The unbelievably long duration were due to their concern that releasing bounty at once will create a huge price dump. Getting curious as a hunter that feel being cheated, I summed the total token distributed for bounty as stated on spreadsheet, and the total were 68,781 NMX against their total supply of whooping 200,000,000 NMX. That was a mere 0.035%, clearly can barely affect price, especially if they believe in their own community.

Confronted about this, they state that there are 7,000,000 bonus token. And although bounty were merely 1% from this total bonus token (and infinitesimal against total supply), they still insist on gradually releasing the bounty token due to the said concern.

Recently I heard about DEGO (https://bitcointalk.org/index.php?topic=5285048.0) who withheld their bounty payment for 100 days. Well, this one clearly topped the case with 1,095 days

Scammer profile: https://bitcointalk.org/index.php?action=profile;u=2704636
Announcement thread: https://bitcointalk.org/index.php?topic=5197241.0 | archive (https://archive.is/C3eR6)
Bounty thread: https://bitcointalk.org/index.php?topic=5269954.0 | archive (https://archive.is/UtKZx)
Spreadsheet: https://docs.google.com/spreadsheets/d/1O1kQ7LxXDT80cUuzOZTu6Ck2WI3zvDeQkoySSv_sps8/edit#gid=0

Flag raised: https://bitcointalk.org/index.php?action=trust;flag=2491

Some screenshot for easy view:

https://i.ibb.co/4VD98hk/Screenshot-2020-11-23-19-54-59-693-com-android-browser.jpg (https://imgbb.com/)

https://i.ibb.co/ZYbdrVR/Screenshot-2020-11-23-20-27-07-427-org-telegram-messenger.jpg (https://ibb.co/mXPJKGr)

It's outright cheating and we should boycott this exchange for manipulating and cheating bounty hunters who helped them advertise their exchange, this project deserves a flag created and will support the flag if there is one, this is probably the longest period locked for any token for bounty hunters, the longest I've gone through was 6 months but this one breaks every record.

I once asked the team about when tokens were distributed and also traded they said in April 2021 if I'm not mistaken, and now by stating that 3 years later it will be distributed, oh this is tricking to hunters, this is really sneaky if the Nominex team does something like this obviously people won't believe their behavior.

Then what about the manager who writes that the distribution has been sent in the thread? has there been any confirmation from the party?

very shady way to act for this exchange, and it's not a good sign for all users not only bounty hunters.
it should be clarified officially, but probably if not already discussed with bounty manager, the distribution will be done in the long term :(
this is why it's better avoid new projects since it can be frustrating not received payment as promised.

Maybe it is their rule to do this but this certainly does not impose on hunters who have to receive their token of value for a long time.
Obviously this is very unfair after they are done promoting but being able to have to wait longer is very sad, Nominex and the manager of Masulum have not clarified about this I am sure he will have the right answer why the Nomirex team does this kind of rule.
Promote too fast, while the hunters only want the valuable token value to be sold immediately.

In their defense, they will say that the token were not locked, it's just will be gradually released, fraction by fraction every day until the full amount is reached, so they didn't violate any rule.

If other users also think flag is necessary, I'll raise the flag.

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To be fair, the manager was right and I didn't think he's at fault here. His duty to manage bounty and calculate amount to be paid were fulfilled. Payment were sent to each of the hunters account on Nominex website.

It was Nominex who played dirty by playing with words, because although the rule state it'll be credited instantly, the token themselves are as good as being locked or undistributed, because it literally just sat in out account, unusable other than for discount if you use them to pay for trading fee on their platform. We can't even withdraw them to personal wallet.

And worse, when I confront them about this, their reply was

https://i.ibb.co/f1KdjQ6/Nmx.jpg (https://imgbb.com/)

https://i.ibb.co/k9sdnKJ/Screenshot-2020-11-24-02-39-20-914-org-telegram-messenger.jpg (https://imgbb.com/)

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Yes  their reason was to protect price from dumping, which I personally think rather unlikely, given the amount of bounty were less than 0.035% of total supply. Certainly it can't affect price significantly

Obviously, they have the intention since that isn't what they promised to the bounty hunters. They know it's not fair and they are risking their reputation here.

They could just distribute every month what they wanna prevent is a massive dump of their own tokens. This can easily be bought since there will be a bullrun coming. This is not the right time to make conflict while there is a bullrun. 

Hello everyone, I'm sorry for your concern

regarding unlocked token till 3 years, they are not say anything to me before about that, they are just saying token tradeable on April 2021, maybe all of us will thinking if we can fully trade all token on that month. Distribution every week is good, but if they are confirm to me to unlock the hunter token 3 years, i will not accept it from the beginning.

I read over everything, took a look at their ICO numbers, current exchange volume, and even poked my head in the Telegram, and it would appear they weren't forthright enough about the conditions of the tokens that bounty hunters were receiving. Everything they did was perfectly fine except for telling the bounty hunters that they couldn't move or sell their tokens... for years!

If you can make a convincing case that the Nominex team purposely mislead bounty hunters and what they did with the tokens wasn't just an oversight error then I'll leave an at least neutral tag on their account as a warning, maybe red if they were clearly being dishonest. I wouldn't want people depositing money on an exchange if they are knowingly deceitful with their clients.

And if you make a flag on the NominexExchange I will support it.

1% allocation is enough to kill the token price instantly if liquidity is insufficient. This has been commonly done by shitprojects including delaying the distribution of hunters.


It seems that because their smart contract is not ready yet, the 200 million token supply cannot be clearly ascertained how many holders until today other than the allocation of hunters and teams.
If in the near future these tokens are available for trading on their own markets, these exchanges will be the next yobits that can issue tokens without smart contracts.

After reading the entire story its pretty much clear to me that they are playing selfmade game with bounty hunters token which is totally unacceptable. They are planning to keep all hunters on their platform forcefully and unlocking a specific amount of token for withdrawal on a regular basis. Its like that if you want to take rewards then you will have to use their platform and the only way of spending that is through trading fees.

What a cheap idea to keep the platform alive!

Its nothing new and we know many projects have delayed to pay bounty hunters payments by showing unacceptable excuses. Just like them Nominex is following the same way but their plan is slightly different this time.

They said they'll make an official announcement regarding the distribution today, although they said that around 20 hours ago and up to this second there were no announcement made. I think it would be better to wait for few more hours and see what'll be their decision, and if they still insist on gradual release, then perhaps flag suits them.

This is a well-measured and reasonable response. I've noticed you commenting on various ANNs through the years and you have developed a good eye for noticing what projects are probably scams (may or may not include Nominex, but what they did was "harmfully ambiguous" regarding the bounty hunters).

The reason this is interesting to me is because, by all measures, Nominex is already quite a successful exchange, so their token should accrue value and they should be willing to treat their bounty hunters fairly. So yeah, just wait it out and hear what they have to say -- let us know and we'll follow up.

I'm thinking of something. Why all scammed bounty hunters by NominexExchange do not launch a counter-campaign and give negative impersonation to this exchange? if they could help them raise money, why not help present their reputation as it is?
as long as BH kiss his ass for a few bucks nothing will happen.

Nice thinking. :) Actually, most of the bounty hunters recently are a newbie and they are huntings bounty with several alt accounts (not all). And many of them don't know exactly what is scam accusation IMO. Even maybe they left their hope on fortune after completing a bounty campaign. LOL

It's good that nominex wants to distribute the bounty reward slowly to reduce price dumping. But 3 years is too much and a shady work which is totally unprofessional. I don't appreciate this.

This is a fact of low-quality bounty participants. Usually, most of them look like bots and everything seems automated. I am not sure how much is promotion worth in such a way. I fully understand when someone after finished crowdfunding realizes he will overpay bounty hunters, but it is already their fault for the poor way of campaigning and accepting worthless things in his promotion.

About 3 years of waiting, I guess they probably waiting for the bull run and to bust the project a little. IN the end, if they are afraid that the hunters will bring down the price of their token, they can always pay them in Bitcoin, Eth or USD, without negative consequences for their token value.

What I say, this is stupid decision by NominexExchange at their early stage. I'm well aware of their activities and it's turn out very suspicious movement as they're making things co much complected. They're playing out their messy game, which certainly give them bad impression. Assume a members of their bounty campaign earns 350 tokens throughout their monthly campaign and ended up got nothings. NMX team indeed very successful to spoil a complete month from their bounty hunters.

Hello everyone, dear Nominexians!
We heard you!

With the transition to DeFi, we will be distributing approximately 193 million NMX tokens over 100 years. In the early days, approximately 10,000 NMX will be distributed.

During the first year, only about 3 million tokens will be distributed, this amount will circulate in the market, which is very small compared to other exchange tokens.
This means that this small number of circulating tokens should have a positive effect on the NMX market price.

In this regard, for a more "soft" establishment of the market of already distributed NMX tokens, we classify all previously distributed tokens into two categories: purchased and received for free.

Purchased NMX tokens at DeFi launch will be immediately available for withdrawal to all users in full.

Received free NMX tokens will start unlocking every day in equal shares 30 days after converting NMX to DeFi and will be divided into 2 categories according to the duration of unlocking:

1. NMX earned in bounty and live tournaments will be fully unlocked within 365 days (1 year).

2. Demo tournaments, 1st 2nd phase of distribution among traders, various promo bonuses.
NMX will be fully unlocked for 1095 days (3 years).

Unlocking NMX tokens makes unlocked tokens available for sale on the exchange and withdraw from Nominex to external wallets.

How can locked tokens be used?
1. You can also use all NMX tokens to pay a trading commission on the Nominex exchange 50% cheaper.

2. Plus, a short time after the conversion of the NMX token to DeFi, we will implement the ability to stake locked NMX tokens, which means you can earn additional NMX tokens on this staking, which will be immediately available for withdrawal and sale.

Can you share here what is your bounty program condition before they start? whether anything has changed in the meantime and why ^{if yes}?


So if someone uses NMX token to pay exchange fee, then is 50% cheaper or they can pay 50% in NMX and rest in other regular currency?

Why did you feel it wasn't important to share this detail with the bounty hunters? Surely its something they would have wanted to know ahead of time, is it not?

I'm trying to assess whether there was a rational reason of why the bounty hunters weren't informed of this detail or if this is the beginning of a pattern of dishonest behavior.

We planned to list NMX in April 2021. Then we changed our product strategy to DeFi and decided to list NMX earlier, in December 2020.
Because DeFi is in trends now and we support it, we will add farming and staking features.
We have never and nowhere told that 100% of NMX will be listed in one day. So, we do not contradict our words.

NMX tokens will now be distributed within 100 years, and the full process of unlocking the NMX will take from 1 to 3 years – this is not so long. Moreover, you can ALWAYS use all your NMX to fully pay the trading commission on our exchange with a 50% discount (it is 50% cheaper than paying this commission in another currency). It means that if you have bonus NMX on your account, you can pay zero comission in other regular currencies.

We did not block NMX received from bounty – you can still fully use it to pay for trading commission.
In additional, when we created rules of NMX token distribution, DeFi was not in trends. Times change and we change too.

NMX tokens will be distributed every day in equal parts. And soon after the NMX listing we will integrate mechanism which allow you to stake your locked NMX and get NMX for it, which you will be available to immediately withdraw to another wallet.

Of course you blocked it. Can bounty hunters withdraw their tokens off the exchange? If the answer is "no," then its obvious they are being blocked from control of their earned funds. I for one would never deposit coins on an exchange that feels OK with changing their rules after the fact to negatively affect the customer.

I understand you don't want the bounty hunters to all dump their tokens at once, but you should have included this language before the bounty began and not after it was all over with. It's also a bit weird that you are saying the "DeFi trend" is the reason why you changed your policy here. Your exchange's desire to chase this trend shouldn't negatively affect bounty hunters. You should just give them access to their tokens as promised.

I agree with you, even they are have the rights to change any rules, but if the plans to locked token till one year is not make a sense. Bounty hunter agree to join and promoting even the token trade available on April 2021 (plan when bounty running). All of us never know about this before the campaign are started.

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For Nominex team, I'm not make a counter to you, I'm just trying to keep your community happy to support your exchange. If the plan can't be change again, just tell us, the exact periode to start & end of unlocking the bounty hunter tokens, so no more question about this. ^{exmp starting unlocked from 1 January 2021 or any date}, just confirm it.

Yeah times change and you change things for the bounty hunter for them to suffer and from making them hard to sell their shares its tantamount to making the bounty hunter to work for free in advertising your project.

You don't deserve the community support where you only think that bounty hunters do not deserve to sell their share at anytime they want once they received, you are no different from other scam exchange like Adab who locked token for bounty hunters and do not want to make profit.

It's been 3 months now bounty hunters are waiting to get their share which they very deserve for that. Now you're coming out your new drama with no control over the funds next 365 days. Is this meaningful? Of course not but you portray selfish act.

Bounty hunters tried their best to promote your exchange yet when your turns give them back, your act disappointing enough to earn bad impression from the community. Indeed good example of unprofessional conduct.

Again, I would ask you to share on which part of the initial rule and agreement you stated this condition, but I am sure everyone here already knows the truth and know how shady you are.

And how does 365 days of locking says you "heard" us? Your locking period were even longer than DEGO. And don't you dare saying you do this to protect your price, there are other ways that's being suggested by Examplens, I am sure we are more than happy to receive payment in USDT and you don't have to worry about price drop, if that's your truest concern.

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Flag raised: https://bitcointalk.org/index.php?action=trust;flag=2491

I sure as hell won't be using NOMINEX even if I were considering trying out a new exchange, and yeah anyone who reads this thread ought to protest with their money, i.e, don't give these hucksters any business.

From their bounty thread:

Don't know about anyone else, but that business model sounds like an MLM scheme to me.

Yep, that sounds like the M.O. of a lot of these bounties that screw their participants over in the end.  Those disclosures that rules (or anything else) are subject to change are nothing more than a license to steal IMO.

I've supported your flag. It requires 2 more DT votes now. I was a bit surprised you didn't go with the Type 1 flag but after reading through everything Type 2 is entirely appropriate here. There's too many fly-by-night exchanges as it is; one that is dishonest right off the bat surely doesn't deserve a special with-holding of judgment.

If there is another trend in the next year, surely you will change your strategy to unlock bounty tokens to 1000 years, right?
You should be giving your bounty hunters a nice attitude. You need to remember that hunters can also be exchange users. This inconsistency has given them a bad impression and in the end once your exchange has a small fault it will be a big problem for your future reputation.

Flag supported

That is why every project must be consistent with the products they run, not only following trends, then changing the strategy will take a long time and hunters will definitely be neglected.
No wonder if they say the truth but have been disappointing in their statement, it will still be a bad reputation for him, remember this forum is very influential on the accusations we are following up, so fix it before it's too late.

Yeah, I was quite undecided between the two type of flags before finally taking the type 2, especially because I have never raised this type before. I thought it'll be more appropriate given the exact situation happened.

Plus, given how this situation were not just happening once or twice, where projects deceives hunters by changing rules as they wishes, I thought it probably can be set as a trend to help other hunters when they're cheated with silly rules.

Thank you for the support, I really appreciate it.

There should be no explanation or excuse for not fulfilling the terms of agreement. For whatever reason you changed the process of operation you should bear the consequence. Bounty manager should learn to limit distribution to 3 months, anything above that has always been fraud. 3 years is a long time, I can promise that we will be in the bear market by then and you can be off this market, anything can happen in the bear and you know. Honour the term of agreement or the hunters should drag their name in the mud in the media, I will never open an account with Nominex because of this, Never.

Do I get it correctly:

1) Nominex planned to distribute hunters reward in April 2021
2) Then they decided to distribute reward daily during 3 years.
3) After this topic was created, they change their mind and decided to distribute bounty reward in 1 year.

Why your decision changes so often and quickly? If few new accusation topics appear, will you change "fully unlocked within 365 days (1 year)" to half a year ? :) Does anyone have a clear explanation, how freezing 0.035% of total supply will influence on the price or how distribution could have a bad impact on it?

What is not so long? Distribution over 100 years or unlocking from 1 to 3 yrs?
So, NMX is only possible to use to pay for your service?
Whatever, you did not answer me, whether all these rules were clearly stated before the start of the campaign, whether the bounty hunters were clearly informed of the payout after 3 years?


His decision about bounty token distribution is directly related to Bitcoin price. If BTC price rising up, extending the deadline for distribution and vice versa. It simply, tokens amounts planned for bounty program will cost is much more than they expected, now they try to reduce it as much as they can.

what the heck i just heard, Nominex team promised their native token will be available for trading next year on 1st April. Now, they make complete  u-turn as they will distribute NMX durinng next 1 year. Very very unfair, our works needs to be paid as you've promised to us means on 1st April of 2021.

Do you think this is fair ? And if the Bitcoin price skyrockets, they will refuse to distribute at all? Or if the NMX token price goes lower than 1 USD (as they stated 1 NMX = 1 USD), I doubt that they will compensate something to bounty hunters and those who bought their tokens.

If the price goes down - it is your fault that you have bought. If it goes up, we wont let you earn more. Marvelous logic and tactics.

You will be able to withdraw some part of your tokens each day.

You can't change rules like that, and you must honor the terms and conditions stated in bitcointalk bounty thread.
If you refuse, than don't be surprised if you receive more negative trust feedback on your account, and your exchange will have bad reputation in bitcointalk forum.

Friends,
our original plan was to list all 200,000,000 NMX in April 2021, but now the same number of tokens will be distributed over a full 100 years. Thus, in the first year, 3,170,800 NMX will be distributed, which is significantly less, and this should have a positive impact on the exchange rate of our NMX coin.
If we talk about proportions: according to the old mechanics, the ratio of the number of tokens you received for the bounty (76,749 NMX) would be negligible in relation to the total mass (200,000,000 NMX) – only 0.0383745%. With the new mechanics, the number of tokens you receive will be significantly higher: 76,749 NMX from 3,170,800 NMX = 2.4204932509145958% - thus, the capitalization of your share will be as much as 63 times higher. It’s just math.

do you know what is the funny part of it all?

this:

https://i.imgur.com/e7tQhtc.png

What happens when a participant breaks those rules that are in this image? the participant are removed immediately without any second chance. so why can you break the rules?

I doubt that in the real world you would hire any worker and at the end of the job you would not pay that worker for the work he did.

A good person with a sense of responsibility would have paid all participants and then dealt with currency price issues.

It is your responsibility to pay the people who will participate in the bounty campaign

it is not the responsibility of the people who will participate in the bounty campaign to deal with price issues from your altcoin.

In the real world you would never do that kind of thing, am I wrong?

would you hire some advertising agency in the real world to promote your exchange and then when it is time to pay would you have the courage to do what you are doing now?

if you dared to do that, you would be in the police and in the courts for breach of contract and would pay compensation and all damages caused to the advertising agency.

Nominex team, is there any particular reason why you deleted some of your replies on this thread? Allow me to recall some of them:

In reply to examplens (https://bitcointalk.org/index.php?topic=5292574.msg55685918#msg55685918)


Show me the announcement made right after the start or during the bounty duration in regards to your answer number 3.

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In reply to royalfestus (https://bitcointalk.org/index.php?topic=5292574.msg55685568#msg55685568)


The heading of this thread, alongside with the opening post and several posts on this thread, were made before you announce the duration of bounty. Which, the time applied before the said "revision" were 3 years. Nonetheless, the essence of the thread is still true to its content, that you cheated hunters by delaying payment that is not agreed before.

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In reply to aioc (https://bitcointalk.org/index.php?topic=5292574.msg55677358#msg55677358)


Ever heard something like, "Better to have, and not need, than to need, and not have."? By holding hunters payment, you effectively suppressing their ability and option to use their token at will, and sell on the price they deemed right, especially if the price soars in a near future. You were so sure hunters will sell right away instead of holding until the price is right, why is that? This action of holding the payments certainly should be considered as an act of denying opportunity. Far as I know, it was our rights, and you denied the rights.

I asked you this once on telegram group and I'll ask here again,

"Say, let's say one week from now a token called ABC reaches 3x its price and it is expected to face bear run soon after, do you say token holders may not take the chance and sell their token at once? I thought your concern were that we dumped the token at whatever available price and thus creating price dump? If someone sell all of his token at a high price because he thought it's time to sell, you didn't allow this to happen?"

Continued to Nominex team,

In reply to bakasabo (https://bitcointalk.org/index.php?topic=5292574.msg55685681#msg55685681)


Regarding the AMA, can you tell me that this is widely made known? To the whole community? Or were it just to small community or perhaps none at all? As far as I know, you were just mentioned it once on the group, without clear details of when or where, and then suddenly when someone asked, it was announced to be "today" by someone, which you, as admins, were not even bother to clarify and share further details. Also, it was implied that the AMA were for a non-english participants? Russian, is it? Wouldn't that means the session and decisions made during the sessions were not fair and didn't represent the whole community, and thus it's barely "the majority of our users"?

Reference: from telegram channel, these are the best and closest to AMA announcement

https://i.ibb.co/nC40Yq8/Screenshot-2020-11-30-17-50-38-892-org-telegram-messenger.jpg (https://imgbb.com/) https://i.ibb.co/MNRpY1d/Screenshot-2020-11-30-17-52-57-096-org-telegram-messenger.jpg (https://imgbb.com/)

While the other channel (from the link on the said post) didn't even mentioned any ama on 11.11. Their group didn't even have single chat during the entire 11.11

https://i.ibb.co/MPLBjbm/Screenshot-2020-11-30-17-57-58-794-org-telegram-messenger.jpg (https://imgbb.com/) https://i.ibb.co/nnqVz4H/Screenshot-2020-11-30-18-10-08-443-org-telegram-messenger.jpg (https://imgbb.com/)

Amd then, the claim of "tens of thousands of users" were this data pulled from your website members? Because the sums of the three of your group only have less than 2,500 members, excluding deleted accounts of bot and the dev themselves, that's barely tens of hundreds.

https://i.ibb.co/Zd7hCSh/IMG-20201130-181819.jpg (https://imgbb.com/) https://i.ibb.co/vxVmfrY/IMG-20201130-181847.jpg (https://imgbb.com/)
 https://i.ibb.co/vHp3QXR/IMG-20201130-181832.jpg (https://imgbb.com/)

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In reply to onecall123 (https://bitcointalk.org/index.php?topic=5292574.msg55679891#msg55679891)

The calculation you referred were as below:


How sure are you with these number and can you give a guarantee that, by doing hunters "a favor" by withholding their payment against their will for one year, their earning will increases 63 times? Suppose someone owned 100 NMX, with assumption token price upon unlocking were 1.4 USDT, can you assure us that if the said person didn't sell each of his token for the whole period and sell them by the end of it, he'll get something worth of (100 x 1.4 x 63) 8,820 USDT?

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In reply to nutildah (https://bitcointalk.org/index.php?topic=5292574.msg55675658#msg55675658)


Then, the answer is no. I'd like to know how you'll answer this, combined with the point made by slow death's two posts above

Nothing will exist in 100 years, and you should have done better thinking about that before creating your bounty campaign and rules here in bitcointalk forum.
Deleting and changing your old posts to cover this is also not cool, and everything is archive and saved, so there is no real point for doing this. :/

So the main purpose of having a bounty campaign for your project was not to promote your exchange but it was to increase your number of users for your exchange...

Now that all who promoted your exchange can only use your token to get some discount on fees you're hoping that some of them would deposit some funds to your exchange and use your exchange instead of whatever exchange they're using right now.

To me this whole thing looks like a big scam attempt and I'm not talking about the fact that they didn't pay bounty hunters but I think these are all just to make more people(bounty hunters) to use their exchange in the hope of getting some benefit out of the tokens they received and when the exchange got enough users and funds they can just exit scam with all the money.

I recommend anyone(including bounty hunters of this exchange) to stay far away from this exchange and do not deposit anything to their exchange since it's most likely scam and they're going to run away with users money sooner or later.

They have low regards and disrespecting the value of bounty hunters, the people who promote and invite investors to invest in your project, this has to stop, punishing bounty hunters, these developers think that bounty hunters are slaves that they can manipulate, Nominex should not change their rewards because they think the time has change.

Are you still deleting your posts? You know that is here services which archives all deleted posts, so fraudsters can't manipulate and subsequently change the conditions.


I have a suggestion for you. offer a double the reward to bounty hunters, but distribution to be over after 200 years. surely everyone will agree to such favourable conditions, who would resist that. I would like to meet the smart head that came up with this hundred-year plan.
You never answer me, why you don't pay hunters with BTC, ETH, USDT... this will save the value of your token and you will settle your obligations?

Sums it all up, you know its not runned by people that has no biz sense.
This exchange even announces that their precious token will rise to a certain value  ???

Friends, we have already described all the reasons why our decision to distribute 200,000,000 NMX is not a one-time, but within 100 years, will bear fruit for the community and for us. We calculated that the share of bounty hunters compared to the volume of coins distributed over the first year increased by as much as 63 times. We talked about the fact that you can withdraw the first NMX coins much earlier than in April 2021. We have announced that locked NMX coins will be stakeable shortly after listing under certain conditions, which we will announce after listing.
If all of the above doesn't convince you, we're sorry. We are sorry that our decision upset you. Unfortunately, we can't please everyone, although we really tried to make the conditions optimal for everyone.

It is not clear for what reason, almost all of our previous answers were deleted by the topic moderator. Therefore, we will answer all questions in one message.

All distribution rules have already been formed and will soon be entered into a smart contract. You cannot change them.

About the lack of information about the AMA session in the STM community. STM is a side project whose coin we have listed on our exchange. They don't have to write about us for their community at all.
The number of users in the Nominex Telegram community is not equal to the number of exchange users. This is logical. After registration, each user is assigned his id, which is charged in order. Today, the number of registered users of the exchange is over 34,000.

After listing, the cost of the NMX token will no longer be fixed. At the moment, the price of 1 NMX token is 1.2 USDT.

We have not deleted any of our posts. They have been deleted by the moderator. We have a proof screenshot of an incoming letter with a notification that our replies in this topic have been deleted.

That's all. Please, if you have any questions, you can ask them in the live chat on the exchange website or in the Telegram community. Thus, you are guaranteed to get an answer to your question, and faster than on this forum. Thank you all for your understanding.

Not much wonder as you put damn care what's bounty hunters and the forum says. It's not about convince you, but it's their right to get justice and get paid as you have promised. Scam Accusations opens against your unlawful decisions, as this very open for criticism you must respect that. I don't understand why you guys behave like dishonest, just take a look on your trust history.

There are a lot of questions not anwered, you simply hust made a long general and repetitive post. But let's straighten this first, you claimed that the decision for gradual release were from the AMA session when you laid out your strategy, and that the vast majority of the community were supporting the "new" strategy, this was during the AMA session? On 11.11?

Where does this AMA, that give birth to this whole situation because the majority of your community supported the decision, happened? And where does the proper announcement from your side?

And about how this situation "will soon be entered into a smart contract. You cannot change them," well, we can't change it, but you can. Notice the future tense? It is yet to enter the smart contract, you can change them if you want to, but you don't. Same like there are protest about this arrangement and you decide to not listen to them, claimed "we heard you", and then continue on with the plan. This speaks volume of who you are and what kind of business you ran.

So after all these words, you still cheater bounty hunters and lied to all of us, because I have participated in bounty, and my reward look like this:

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

I think it is no use to wait an answer from NominexExchange, as they are busy with their tokens being listed on PancaSwap.
So many positive reviews, support, "plans to be one of the leading exchanges", but everything ended with listing on a dex and quickly selling tokens. Nothing new...

I'm so sorry for this conditions, I'm not following them anymore, but let me know if your tokens not unlocked till date they are promising to hunters. Even I can't do anything, at least I will try to contact them once again. Someone tell me if the board team very often change their plans, not consistent with their roadmap.

Releasing the tokens slowly to prevent the dump is understandable. But 100 years is really a good joke . After reading reading this I couldnt control my laugh. Who is going to live 100 years to receive this reward and who knows how many years this exchange is going to survive. Nowadays mostly all new exchanges after running for 2 or 3 years are becoming scam.

They have long abandoned the account since it is marked, so I am very doubtful that they'll  notice the protest, or even visit this thread from time to time anymore, as they'll most likely tried to go as far away as possible from this --hey, it stripped their lies. Now they do their ann and promotion on this thread (https://bitcointalk.org/index.php?topic=5308563.0) with what I strongly assume as one of their alt account. To be honest, I almost joined that thread to give another protest and raise awareness for other people on said thread when they did another... "change of plan" where their so-called DeFi release delayed --Ohoo, look at that, another change of plan-- for two months.

Three years is a long time and so many things will happen before they release these tokens, this is a bad behavior, if they announced it before they launch the campaign no bounty hunter will participate, developers who locked their bounty hunters rewards should be tagged, they are taking advantage of bounty hunter's rewards, it's more like an abuse.

I participated in their signature campaign and got 280 Nominex, I check my locked token and it was locked for only a year, I don't know when this started I seldom log in to my Nominex dashboard, I can't do anything about it, I just hope that they will fulfill their promise, and the price of the token will be good, so my wait will worth it.

That was an error and it's now changed to distributed during 1 year.

Looks like the wait has surely been worth it. And like i said on the other thread, they did this to protect the token price because looking how their ico wen't there wouldn't have been buy support to hold the value for ieo tokens and it's working, so at least investors are very happy now, and if you give some time, bounty hunter will be too. I am getting over 3 NMX daily from bounty and competitions and with the current price og $8 and rising, i am happy:


https://i.imgur.com/0nXTur5.png