Bitcoin Forum

Nominex token (or NMX) is a cryptocurrency (token) that was created by Nominex. NMX is issued as an ERC-20 token. NMX has multiple use cases, but within the Nominex Exchange (https://nominex.co/) ecosystem, it is used as a utility token that allows users to receive discounts when paying for their trading fees.

https://nominex.co/ (https://nominex.co/)

I thought this was another DEX dropping some free tokens to their early users. I've had bad experiences with tokens issued by smaller centralized exchanges. I don't really see the point of even competing with the like of Binance's BNB. What's so special about Nominex exchange that can drive up the price of NMX?

wait, does thi nmx tokens tradeable on nominex exchange or not
because i don't see nmx tokens in this list https://coinmarketcap.com/exchanges/nominex
then,what is other benefits by holding nmx tokens beside to reduce the trading fees ?
thanks

will be bargaining soon

As a young exchange, Nominex has a good volume as data from coinmarketcap: https://coinmarketcap.com/exchanges/nominex/
Will the NMX token be traded only on Nominex (soon) or be listed on other exchanges?

How about the plan for privacy coins as DASH, Monero, ZCash, etc. Big exchanges announced and are planing to delist those privacy coins on their exchanges. They will delist those coins if no sudden change in policy.

In the future, we will cooperate with other exchanges so that the NMX token can be traded on other exchanges.

We have no plans to remove Monero and other anonymous cryptocurrencies.

Big changes are coming. Surely you can't wait for DeFi on Nominex anymore. But you have to carefully prepare, the transition to DeFi is not a clock hitting the wall for you. Your wallet should be ready ...

I heard that some NMX tokens have been distributed to bounty campaign participants. but participants got their tokens on the exchange platform and still cannot be traded.
If you look at the trading community that is on the nominex exchange I think there is great potential for their token launch which is ready to be officially traded on their exchange.
Has the team released the official date their token is ready to be traded?

I remember how many people said that Nominex is Binance's killer. And what did we get in the end? Where is he now? Recently, token was still in the top 50, now has surrendered its position more and again dropped in the ranking to the level of the top 100 now. Tokens are not traded anywhere yet.
Conversion to DeFi was supposed to take place in mid-January and so far everything is in place.

Killer, Surpass, Beat. Its part of gimmic words, most of them used to create hype and momentum.
 The word was really magic in 2017, many people trapped in fomo with that words.

Today we present you one of the final versions of our unique smart contract, which is already available at  https://github.com/nominex/eth-smart-contracts (https://github.com/nominex/eth-smart-contracts)

It's not all of people got trapped by such words. People have become even smarter than before and they were analyzing it before try to invest on it.



Can you tell me the truth about nominex token? Will it become the defi token? I have heard some rumours about nominex will be converted into the defi token.

That’s a great improvement and I think its better to have an ANN thread to discuss the project properly and it seems that you’re part of the team. Anyway, I heard a lot of news about Nominex and I think its worth searching for, i will look for more details about this one because a lot rumors going on with Nominex before.

Yes, NMX token = Defi

The NMX token will be listed on Uniswap very soon.

So token will be unlocked and can be withdraw to the wallet? what about at NMX exchange? will it can be traded there also?
Why do we have to be registered on Uniswap so we can trade, while now you can make it directly at the exchange, just need to change a few settings there.

The exchange itself will also open NMX trading

If users can trade with features which I saw on the website like no KYC, only 0,1% fees and other, it makes this platform very interesting :)

Can you add additional description about " very soon", such as date, or month or quarter. because yesterday the team said that the NMX token will be listed on the Uniswap exchange in January, but it has not been realized until now.

Besides, the contract is being checked by several companies. We will let you know as soon as the official audit is completed!

The only thing left will be to make the needed corrections (if any) of our product.  Hooray!

are you official rep from nominex exchange? thought they have existing issues with their bounty hunters. i dont think that was resolved already. anyway, havent used this exchange yet. but looking at the liquidity, seems ok. and there's no kyc for 3 btc below daily withdrawal. higher than binance huh!
interesting if their own token will gain interest from traders just like bnb???

It looks like you have a lot of information going on so far. at least thank you for all the explanations you have given because many people are waiting about the continuation of this all.

You can simply use Nominex tokens to reduce trade commissions from 50% to 70%, it is good way of usage as for me ;)

Over the past couple of days, Nominex.co (http://Nominex.co) has been subjected to periodic ddos ​​attacks, there may be minor interruptions in the functioning of the exchange.

How long will some companies check your smart contract?
7,559,478.72 NMX tokens have been distributed, shouldn't the smart contract have been checked?

Besides that, have your targets in November 2020 (lounch of decentralized NMX token and liquidity pools) been achieved?

So this project was created in september 2017, pretty long road has been passed. As I see creation of simplified leverage trading is now in progress, it can be interesting for users ;)

There is no doubt that today, by conducting various promotions and sweepstakes, you attract as many users as possible to your platform, but nevertheless all this does not increase the popularity of NMX. Can you provide information on how many tokens have already been purchased by users and what is their offer? To date, the token is not traded and has nothing to guarantee its value, which you have fixed at $ 1.20. Perhaps a way needs to be found to back up the NMX in some way to raise interest.

If the NMX token is used only to get fee reduction, it will not be used too much. The token need to be tradeable on Nominex exchange and others, centralized and decentralized exchanges like Uniswap.

Holding a token that can not be traded anywhere is not interesting but it is currenty usecase of NMX token. Future can change its usecases with more activities from the team: listing on other exchange, and partnerships.

Actually there has been talk of buybacks, airdrops for holders and other kinds of plans that sound interesting, but nothing confirmed yet. To me, their game theory on tokenomics seem to be thought out and i am hoping that they can deliver but i am kind of worried about their future uniswap token listing and how will rising eth fees affect to that.

Each exchange has its own token which mostly only works for trading, discount trading fees, and staking. This function is too general to make people interested, nominex is no exception. It isn't difficult to analyze the potential of such a token, simply by comparing the exchange's scalability with its competitors.
My experience is holding kcs tokens with those that don't have unique functions so it's difficult to increase in value.

very poor announcement as for the token, why it is impossible to add more information.And it's not a referral link is inserted?What is your interest in promoting the token like this,I know they have had a bounty company for a long time, is this the reason?

Correction, there are 7 types of orders in Nominex (https://support.nominex.io/article/15-order-types), but I am not sure what you are asking here?

Why specifically that number?

It's perfectly normal that there are several different order types to make trading tactics more versatile. Normal user is most like using 2 types of order most of the time (limit and market), but experienced traders want more options for their trading tactics, especially when you are trading with serious amounts.

In comparison, Binance has 5 types of orders.

I am the BD director of Bibox exchange.

I would like to seek the possibility of listing on Bibox Exchange.

Could I get the right contact information please?

Please contact me if you want to list on the bibox exchange, thank you

My telegram link:https://t.me/biboxJML

You can verify me in official Bibox group

Many progress has been made by the nominex team to continue to develop their exchangers, but now the problem is the cost of gas which is quite expensive at many exchangers and does this also happen on nominex exchangers?
Has anyone ever made a transaction on a Nominex exchanger?
I am a nominex bounty participant but until now I have not been able to make an Nmx token sale transaction on the nominex market because indeed NMX tokens are still frozen for bounty participants and maybe the same thing will happen to tournament participants later.

You can contact the Nominex team through the Nominex telegram group channel, here is the link https://t.me/NominexExchange
Nominex team is not actively communicating here. although I am not part of the Nominex team but I am happy if NMX tokens can be traded on the Bibox Exhange. because many people already hold NMX tokens but cannot be traded yet

The fees that already applied on nominex exchange site is almost the same like another exchange site and you can see that from this link

https://nominex.io/fees/limits


The pump has been making the whole of cryptocurrency gets increase on the transaction fees. That's also happening with all of exchange sites and this can't be avoided dude. You can see the ethereum fees for wd on nominex was around 0.01 eth

Is there any news about smart contract checking? It's been almost a month of smart contract checking.
Whether the team changed its mind after saying the NMX token would be listed on the Uniswap exchange after the smart contract was checked. and currently saying that they will join the BSC and will list the NMX token on the PancakeSwap exchange?

*https://t.me/NominexExchange/14732

I just want to share the latest information from the Nominex team, especially for the Bounty campaign participants.

NMX tokens are already traded on the Pancakeswap exchange, but the Bounty tokens are locked, and will be fully unlocked for 1 year. This is an information quote from the team in the Telegram group :

Did they announce this before the start of the bounty campaign or they just changed direction after the distribution, if they changed direction then they have deceived their bounty hunters, if they announced it, before the start of the campaign, I doubt if they will have many participants, who would want their token locked for one year?

i think ive encountered a post before by holydarkness in scam allegations section about this nominex token distribution to its bounty hunters. as the team seemingly deceived its hunters. however, this is the drawback when you are in a token-paying campaign. the projects owners can change their rules anytime. and somehow, you cant do anything about it because they are holding your funds.
upon checking this exchange, they have better trading volume than other medium exchanges. however, havent tried this one yet. not comfortable using this as this will be a new exchange for me.

This argument resulted in a thread discussion on this forum and the resolution was a year lock and monthly unlock, far back as 2020. Unfortunately most of the reward are small that I think should not warrant a long hold from the team besides it was not part of the agreement from the onset. I dont know how they consider DEFI to last that period in this cycle and next. If the project at the moment after the launch has not made that impact compare to counterpart defi, when will it start?

I guess no bounty hunters have interest to use NMX token to pay trading fees or they even don't use Nominex exchange. The news gives a more transparent information for them.

1 year is not a short time but not a too long time, in fact. In the meantime of unlock waiting, they still are allowed to stake NMX tokens and get rewards. Who knows that next one year, one NMX token will have a price $10 or $20? As no one believed that some day BNB tokens that were airdropped in 2017 can have a price $252 today: https://coinmarketcap.com/currencies/binance-coin/

Patience and belief sometimes can bring money to you.

Correct, bounty hunter will usually simply turn the token into money and done with it. Although there is some of them are trader, but not all of them who will trade there after what happened to them. After all, after waiting so long to get 100% of their salary, who wouldn't sell it right away.

I have won several times, once even the 1st price, but competition has been harder now that there are more members and prices volatile and unpredictable. Too bad my nmx prices from them are locked now, but i totally understand that they don't want instant bounty dump.

Farming with my bought tokens has turned out to be very profitable though.

That is a lie. I have participated in their bounty and my rewards look like this:


I remember something about slow unlocking. That each day some part of my reward will unlock and I will be able to use it. This was made to protect from massive bounty tokens dump (dont really understand what can this protect, if all bounty hunters on two forums would receive about 69,5k NMX tokens, while token total supply is 200,000,000 NMX ). Week has passed since that picture I've posted and nothing is unlocked.

https://i.imgur.com/zxMC5SK.png

Ok, I can try to remember about NMX and wait for 3 years, but will it be worth waiting, if nothing unlocks daily. Another lie ?


Welcome to NOMINEX - cheating hunters by delaying payment for THREE years (https://bitcointalk.org/index.php?topic=5292574.0). They did not announce that tokens will be lock.

I will never trade on this exchange and will ask and warn my friends not to trade here because of their behavior, they are not fulfilling what they've promised, this is deception, they can change the rule but not the kind that they will deny bounty hunters rewards and lock it for one year

Have you checked it recently? I am guessing that's an older screenshot because that was an error and was just recently fixed for everyone, now my bounty tokens show up in 1 year section. And tokens won in demo tournaments show up in 3 year section.

The problem should be the team didn't create a cooperation with the hunters to discuss about that. one year is too long. There should be an alternative solution just like some percents of tokens will be unlocked every month or quarter. I see that poolz was almost doing the same thing like NMX but it's good to hear the dev was discussing about that with the hunters to find the best solution.

can someone tell me what's smartcontract address of NMX on BSC?

https://bscscan.com/address/0xd32d01a43c869edcd1117c640fbdcfcfd97d9d65


https://bscscan.com/token/0xd32d01a43c869edcd1117c640fbdcfcfd97d9d65

Totally agree with you. I was also disappointed with the team's attitude towards its supporters, their supporters (bounty participants and participants in trading competitions)were the first users of the exchange and project supporters, but received disappointing awards (rewards locked for 1 to 3 years). better to trade on a more user-friendly exchange.

Cry me a river. By unlocking them slowly in 1 year, they are protect your token price (that you got for free btw). And what you are currently doing isn't helping anyone so i am not seeing you guys as "project supporters" in any way. You probably never were. Because if you had bought the tokens you would be in favor of this.

I guess in some ways i understand your need to dump it like most bounty hunters do, as it would be your right for paying absolutely zero money, compared to those that actually participated to sale. And as much it would be fun to see you dumping it with $0.01 price and buy it, luckily they are doing you a service and if you had taken a look at their tokenimics, you would see that this is an only meaningful way to proceed.

And about that 3 year rule... The fact that you didn't earn enough with your usdt trust price in the competition and you need to while about additional NMX prices makes me think that you won by an accident in a first place and you shouldn't really win trading competitions.

How can locking around 69500/200000000 tokens would protect its price? Bounty hunters has far less than 1% of all circulating supply.
Of course hunters are not "project supporters" anymore. Because no one want to support the project, that does not keep their promises.
At work, if the boss decides to lock your salary and give you 1/30 of it daily (saying he will protect your money, because you might accidentally spend a lot), would you still work hard?


Calculate bounty pool by yourself and answer yourself, do bounty hunters really capable do dump the price to $0.01 ? If they can do that - then this Nominex if worthless, if this can be done so easily. If I were an investor, I would be happy to buy cheap token from bounty hunters.

Somehow you are calculating the max supply and not the circulating supply. That's not how math works. And original plans changed in many ways. First they were supposed to burn unsold tokens. This however wouldn't have solved lack of liquidity. I can't remember how much they sold in their "ico" or what ever it was called, but there was disproportionately way too much bounty tokens compared to sold ones if i recall correctly. Price would have been crushed from the start so they decided to lock bounty tokens.

DeFi farming was created to save the price and reward the liquidity providers, and those guys would have been most likely scared away from the start when people would have instantly either sold everything or mass sold their 50% to get usdt for farming.

Are you part of the Nominex team?
If you are worried about bounty participants selling all their tokens causing the token price to fall, you can pay with other tokens such as ETH, USDT, XLM or any token available on the Nominex exchange. if Nominex does not have enough funds, why do they hold a lot of competitions with big rewards, without saying the reward will be locked for 1-3 years.

Sorry, do you think bounty participants can only sell their tokens after reward distribution? You underestimate the bounty participants, not all bounty participants are like that. if the project we support has good potential, of course we will hold it, we are not too stupid to sell it cheaply.

I would say there are few ways to choose, and they are choose the very wrong way. That was a good option to do, if they did, the case would really be over, and hopefully his reputation will return after that.
Until now they promise "daily unlocked" but none of the locked tokens are unlocked.

No, i invested and did their bounty too on another forum.


Did you read what i just wrote? They didn't raise too much money so from what secret stash exactly they would pay you from? Also, they are only sacrificing 10% from those "big" rewards as it goes to trust account and if you lose -10% your price money will get liquidated. I don't know the source who is supplying that money to them. But that isn't from ICO money, because they didn't raise that much, that's for sure.


Bounty hunters dumping their ico tokens from the start has been the tradition especially in the bear market. And when this one was rising money, markets weren't yet back to full bull mode. And saying "not all bounty participants" is irrelevant, as most of the time they don't bring buy walls either.


They have stated that they start unlocking from March 25th.

The allocation of funds given to the bounty is only 1% of the existing supply, it seems impossible if 1% that the bounty participant gets will make the price of the NMX token decrease in the market, I as one of the bounty participants is very disappointed with the decision of the team that will lock the token bounty for 1 years period of time and it is not a short period of time, it's better for now to forget the nominex project and hope that if the team realizes what they did to the bounty participants has given a bad image to their exchanger later, if only the team honestly said if bounty tokens will be locked for 1 year at the start of the project, of course I personally will never follow this project.
many crypto projects to locked their token bounty but not as long as the nominex project does and there is no guarantee that if the participant's prize is locked it will make the nominex token price even higher.

Why do you call it "bounty hunter dumping" ? Do they actually have enough tokens to dump the price? Above, you have said I'm confusing total and current circulating supply. What is % of all circulating tokens do bounty have right now?

What can you about token price being already dumped, before (usually few days before) distribution? This is also a frequent situation. Again bounty hunters are responsible for that?

Why do people blame hunters for dumping? What they do is just selling their rewards aka trading. They are bounty hunters, not bounty hunters-holders. If they know that the project is perspective, they will never sell rewards. But those who does are they one who are short of fiat money, impatient, dont care about project. These kind of hunters usually dont have a lot of tokens/coins to dump the price. These are social media bounty hunters, who got $5-30 worth tokens. Do these kind of hunters able to dump?


Thank you for the information.

According to whitepaper, they sold 164,022 tokens. And if i recall correctly, first price level in IEO was ($0.1) per NMX. So i actually would be very puzzled if they wouldn't sell for 20x profit, especially if they are staking their tokens and just selling those.

Also according the whitepaper nr of bounty or won tokens was 7,341,634 NMX, so there's no change that they could set up a buy wall for that with the amount of money they collected.

Circulating token amount you can see in the contract address.


There are ton of different kind of bounty hunters working for different reasons, but a huge amount of them are from poor countries and would sell at any price that seems low to you because that's a lot of free money for them. I've even doxxed one cheater in the past that had outsourced his work. He was basically paying others to write stuff for him. For some of them btc is a scam, or they don't give a crap about crypto and they just want their free money as fast as possible.

There was a time when you could farm btctalk accounts and use all of them for different signature bounties for example and there are ton of bots trying to do telegram campaigns. So when someone has tens of different bounties going on simultaneously they don't really give a shit about the price action of one single token that's probably going to be scam anyway, because they already know that large amount of projects are involved in are going to be exit scams or useless projects.

If NMX didn't have liquidity even when you are calling 1% is very small and it will actually give impact to the price. As someone said about the fact that nominex didn't get a lot of funding. These days exchange listing also needs so many funds.


Where did you get the whitepaper?

It's a bit surprising for me to see that with a very long time of ico and the team can get only small money

Can you drop me the link?

I'd love your proposition to take part in tournaments and decided to register on your Nominex exchange. I found at your site where I can create an account from my smartphone(here is a link https://nominex.io/fees/   ) but it always gives me a registration error. Could you tell me what’s the reason might be for this error or give me another link?

Sure:
https://nominex.io/docs/nominex-whitepaper.pdf

Now i must add that i am not saying that NMX would be a good token to hold, i am just saying that i think that their call on slowly releasing bounty tokens was better tokenomics and was better for investors and most likely will be to bounty hunters too. Future will show us if token holders will get airdrops or discounts from possible ieo prices or something... But i don't think that cutting trading fees or staking should be only perks for holding.

their trading volume is better than most small exchanges. however, when i read about their bounty hunters' problem, i got disappointed to how they handle things here and didnt bother to check their trading platform.  btw, is their customer service good? i mean, for those who are using their exchange.
in time, we will see to what kind of exchange they will turn into...

So far they had good customer service and the support seem to know their stuff. But on the other hand they are still a small exchange so i am not sure how prepared they are to scale it up and what kind of customer service they give after that.

But what comes to volume, that could be happening for several reasons. I am more interested in market makers and the liquidity they provide.

Thank you so much.

The result of whether the team was doing the right step to use such tokenomic can be determined when nominex already traded on the exchange site. IMO the team should think about the bullish trend should always become the best time to start the trade.

I discovered this exchange this week. I deposited for $100+ value in ETH to get the 50 USDT bonus. For this I wanted to use their gateway partner. They mentioned it would be KYC free but it wasn't. So I took another route. I was dissapointed to see that NMX wasn't listed on their own exchange. I have to wait a month before I can withdraw my bonus, so I'll be fooling around with my funds on the exchange a bit.

Gateway partner might not be kyc free, but Nominex is ( at least to some point, i think you could withdraw like 3 btc / day without kyc.)
Btw i don't know any fiat ramps that would be kyc free, do you?

And you are not going to withdraw that bonus after a week, only the trading profits you have made with that bonus during that week.

Yes, but in the email I received they explicitly mentioned buying crypto without KYC.

This is what the email said:

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

And this is the reality of their partner:

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

Ok, i haven't seen that because i never read emails really. Seems like misleading communication from advertising section. I think i'll point that out in the chat when i find that mail.

They are also mixing up project logos. I'm not getting positive vibes from these little issues.

https://i.imgur.com/A6z8qRL.png

Well this is the day as they promise, I really want to see how serious they are in this. It seems like a lot of people will be happy with today's arrival, hopefully it doesn't turn out the other way around. While so far I see nothing happened to the Locked Tokens.

LOL how is it possible? im thinking if that could be a human error from the team, if the ticker gets rong and it can be fixed as soon as possible.

It may got another delay dude and seriously you will never know about when it will be unlocked. The truth is there will be no exact date about that.

Looks like they have changed the date. It was pretty vague before (25-26th). Now they say, i'll quote:


It's annoying but at least only couple of days. I am hoping that releasing the tokens won't hurt the price even though it's happening gradually.

They fixed it already.  :)

https://i.imgur.com/3emriCp.png

Okay, now I understand why my tokens are still in locked mode. Didn't see the announcement that they extend the start date of unlocking the tokens. But the price is quite good, so hopefully we can earn more in staking. Since the release is very slow, I don't think it will have great impact with the price and considering that the bounty tokens are small compared to their supply. We will see that in few days or at least couple of weeks what will be the effect of unlocking the tokens.

Couple of days will be not a problem, I don't see this as a big deal, the worst is if they really didn't intend.
If I look at the trading volume based on https://www.coingecko.com/en/coins/nominex#markets. It seems that it won't be easy to see the price of NMX tokens being destroyed by bounty token. After all, "gradually" is the reason for its to be able to survive.

Everything is already working, sorry. https://nominex.co/

Okay, it's awesome. The unfreezing token has really started this time, I hope the bounty hunters get a good mood from this. It feels like it has been several days since the token unfreezing began, I see so far the chart on the coingecko, the price is still stable at $2,7 and there is still no impact that makes it go down.

I can say that this one turns out good. Just treat it as having passive income for a year. The long wait finally paid off. Though a lot already got frustrated before as to how the NMX team here handled their bounty program. Let us hope that it will increase more in the coming days. Much better than those pump and dump tokens where hunters received their tokens when the price is already down.

Agreed. I don't think that they will remove red trust from the account but this is working just fine for me. I hope that they'll soon add auto invest on staking as well.

The official account of nominex must create a clarification about that and i do believe the red trust will be removed or at least it will become a neutral trust.

It's so easy to create a confirmation about the unfrezing of bounty token. that will make anything become clear.

It seems like NMX defi is running smoothly for now.

Sometimes not easy to get that red trust removed. There are many reasons for that, such as reminding the community that the person has ever a bad behavior or doing some kind that gives negative impact. After all, it all depends on the person giving the red trust. Yeah, it has the chance to changed to neutral.

Don't forget that they are also listed on https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd32d01a43c869edcd1117c640fbdcfcfd97d9d65
even it was the place with the most volume for NMX token. They are really need another, I hope they have prepared it.

Slowly bur surely, any development needs the time. The listing on another exchange site will need a very long time process and it can't be done instantly.
The team is still focusing to develop the nominex defi. It NMX already listed on pancake with good daily trade volume and that's more than enough.
I hope NMX will be listed on coinmarketcap as soon as possible.

​​⚔If you can't beat them, join them!
 
🗣 And that's exactly what we did. You've probably heard rumors from some bloggers about us and Binance, and you may have asked questions in the chats yourself.
 It's time for us to make the announcement.
 
These 4 arguments convinced us to join the Binance broker program:

Almost every crypto enthusiast, no matter pro or beginner, sooner or later creates an account on Binance.
 
 Binance has a great number of trading pairs, the largest liquidity among all exchanges, and advanced trading tools. Nominex is good in some of these points, but we would always lag behind in terms of liquidity. This is one of the most weighty arguments when choosing an exchange by a trader.
 
You like farming as it brings real money. The price of the NMX token directly depends on the demand for it. Traders will be able to provide additional demand. Our goal is to attract as many traders as possible.
 
In traditional financial markets, no one creates new exchanges, but new successful brokers appear at existing exchanges.

As you probably figured already, we become members of the Binance broker program. You will use all the Binance tools, but through the Nominex website.  

Virtually all of your funds will be stored in Binance wallets.
Transactions will be made on the Binance platform.
We will give you the opportunity to trade all the currency pairs that are available on Binance.
We connect all the liquidity that is available on Binance. No more issues with that.
We will unlock margin trading, futures and all other Binance tools much faster!

Why do you need a copy of Binance?

Binance now has a 25% discount if you pay trading commissions with a BNB token. When paying the commission with NMX tokens, the discount will be 50%.
And at the maximum level on Nominex, which can be obtained through NMX farming, trading will become completely free.
In fact, you can earn money on NMX farming and at the same time trade for free on Binance.
Our trading tournaments and other unique features will be still available .
Nominex will provide additional value in the form of new trading tools: semi-automatic trading bots, copy trading, and much more.
The NMX token is becoming even more popular, as it is simply more profitable to work with it on Nominex. Staking becomes even more utilitarian. All this can lead to an increase in the price of NMX.
Many people received a good income from the growth of the price of the BNB token during the development of Binance. There is a similar opportunity to do this with NMX with the development of Nominex.

🤑🤩Now that the potential is clear, you can probably imagine how everything will change with the entry into the broker program. But let's not get ahead of ourselves and make hasty forecasts.

The fact is their exchange has already listed at https://coinmarketcap.com/exchanges/nominex/ So that, to make their NMX token are also listed there, I think they only need a small step, it won't bother them to do the process. NMX is already listed on 2 exchanges, the conditions should be complete.

Maybe they are not listed on coinmarketcap for now but maybe they are listed on another exchange. but you should see the latest information that will appear on their telegram group. hope this helps.

Friends, Trust Wallet has recently added NMX to its' tokens list. For now you don't need to enter NMX address manually, token is searched by the letters NMX immediately.

Also NMX logo in TrustWallet is displayed correctly now.

Price looks like it's about to jump parabolic. If they announce buybacks or some airdrops for NMX holders, this thing will probably moon hard.

From a new update to another. All good news coming in and it's reflecting in the value of NMX.
Is this going to be one of the top contender of Binance?
Cheap fees using NMX, 3 BTC no KYC program, referrals and staking process. There's a lot that can be done to make more.
Shared my referral link with my Twitter friends and I hope I can pull them into becoming new investors.

I can't wait for the future of this exchange. Good luck you guys.

Important message

In recent days, our team has observed a rather strange situation in the market. There is a possibility that a certain group of individuals artificially manipulates the price of NMX in the market pushing it up and down. These price swings are created for personal gain. These fraudulent actions can force you to start buying tokens, and then, when the price rises, provoke a "panic sale" in order for some people to buy even more tokens at a low price.

This situation may negatively affect your investments, so we consider it necessary to warn our users about this in order to avoid impulsive transactions and panic in the market.
In the meantime, we continue to work on the product and believe that the situation will soon return to normal. We will not allow market speculators to disrupt our investment stability.

This message is not investment advice. In any case, all decisions are always yours.

Have a good trade

I don't get it. Isn't this perfectly normal market correction? When profits move high ehough some people will collect their profits at some point, and while dumping their tokens they cause a price correction. How have you concluded that this is market manipulation?

Does Nominex plans to be added in Blockfolio or Delta tracking apps ? I'm sure it is not hard to get a spot among hundred of other cryptocurrencies in this app. I think this would be really useful for those who likes to follow their portfolio. After seeing the success of NMX (really impressed), I think being added to crypto tracker apps will only increase tokens popularity. Least this is simply convenient to check the price or balance, instead of going to coingecko and typing NMX in search to check its price.

Lol i kinda feel bad to see that if the team was calling it manipulation.
Is that mean if the price of the coin going so high and then that's not a manipulation? While the price goes down and they called it manipulation? PnD is a common thing in crypto. It sounds very hilarious to see that.
This is how the crypto market works.  :o

I just wanna know what point that makes it already manipulated.

Blockfolio already has NMX.

Just wanna letting you guys to know, I'm try to sell the unlocked NMX token that I earn from campaign and withdraw the funds from nominex, it went smooth for me. It just the withdraw process may takes time. If someone else tries to sell the unlocked token and withdraw the fund, I want to know how the story goes, hopefully also going smooth as goes to me :D

Yeah, i can confirm i have done this too. I have no complaints so far and i've been succesfully deposited, traded and withdrawed without any issue so far. And what i can see from their telegram, they respond pretty quickly to anyone that has problems.

Now they just need to need to attract more customer, get decent market makers and gain trust. Last one will always take some time.

[edit]Case solved[/edit]

Why not try to reduce the amount that you withdraw a little bit? so that, the funds for fees have more than required.
However, their telegram group exists http://t.me/NominexExchange the support team is active at there, you can find a quick solution from him there.

I have given it another try with the same, max., amount. This time it worked. The support chat function now also functioned. This all happened after a restart of my PC. So perhaps the problem was on my side.

The Telegram support I had not been able to find because the link on the website refers to the news group on Telegram.

Summary: I am all good now with Nominex and I have deleted my warning. 

So far, never had a problem with this exchange. And I hope those bounty hunters that participated in their campaign are more than happy now to what they are getting from their share. The target of $1 before is now about $4.5, which is still a good price as compared to its ATH of $8. I hope they will have active support also in the forum. I believe they have negative trust in their account. But at least prove that they are building a better exchange.

I have traded on the nominex exchanger and in my opinion this exchange is a pretty good exchange, but the team seems to have to continue to develop this exchange to make it even better, especially increasing the number of existing altcoin pairs and also I really hope if the team will create an exchange later This is in the form of an Android application to make it easier for users to access the exchange, if you want to withdraw money from an exchange to a personal wallet, my advice is better to withdraw with Trx coins because the fee is cheaper than with the USDT, which $ 10 and the usdt nominex is only in the form of erc20 and there's no usdt trc20 yet.

As this topic turned to be unofficial topic for Nominex exchange, I would ask here - is there an option to convert small balances to something? Or Nominex is the kind of exchanges, where user, present/donate small balances to exchange if he hasnt market "use NMX for trading fees"?

Wanted to trade some dogecoin there, but was amazed with 50 doge withdrawal fee. Anyone knows where can minimum trading amount table be found?

Not yet. I suggested it (a similar system to binance) in the telegram and they are considering it. Admin thought it was a good idea at least. I am guessing that they are waiting for the Binance broker program to go live first before they build anything else. I have to say i will be using nominex a lot more after that happens.

Yes ! but the minimum is $10 worth of tokens. As mentioned below.




Yes, if you pay your fee in NMX coin then you get 50% discount.

No! the fee to withdraw dogecoin is only 10 coins.

Just checked, i am not sure where did you get that number from. 50 coins is a correct amount and it seems pretty high if you ask me. Actually it's 10 times higher then in binance. I wonder if they reduce it to same amount as in binance fees when Binance broker program finally goes live.

https://i.imgur.com/MdU3UB9.png

If users can trade with features which I saw on the website like no KYC, only 0,1% fees and other, it makes this platform very interesting Smiley

Wouldn't like doge that has Elon Musk for influencer for free, what a coincidence he invested there and made an impact. If want influencers like that quickly, of course NMX will pay. But for influencers like Dogecoin, they have to prove themselves first, Doge has lived for so long and only just now currently being promoted by high-level influencers.

Then you can tell elon to shill NMX right now. Elon was shilling doge on his own intention and he doesn't even get paid for that as he was a part of the richest person in the world.
It's not all coins can do that and even the top coin can't be mentioned by elon.
It's quite impossible to get the same level influencer as elon.

True, so far many popular tokens with high trading volume have not been listed on the nominex exchange.
adding popular tokens in the Nominex exchange will have a lot of positive impacts for development and can increase trading volume.

The problem is not only nominex, but also many other exchanges. This is how they forcibly restrain capital outflows. But if you look for a long time, you can find very inexpensive ways.

Agreed, right now converting to TRX and sending is basically free. But there will be many other options after Binance broker program comes. I think that's one of the main reasons giving value to NMX token right now. Cheap fees and trading with binance's pairs/liquidity combined with 3btc withdraw per day without kyc. That's pretty sweet deal.

Surprisingly, this exchange is doing well. Even their NMX token is doing good despite of the market crash.
Their withdrawal fees are also very competitive but you need to check their limits so you are aware of what you're getting into.

https://nominex.io/fees/limits

And they have no KYC for daily limit of 3 BTC, not bad. So far, I haven not seen a complaint in terms of withdrawal issues.
Seems this is a good alternative exchange to check out with.

And after binance brokerage program starts, with that withdraw limit this will be really appealing exchange imho.

Why is this a positive point? It is certainly good that they know how to assess their strength. But I was hoping to see something new, not a broker program.


I think this is temporary.

Meanwhile:
https://i.ibb.co/51VBvjB/2021-06-26-02-04-40.png (https://ibb.co/Pr8w4Ww)

Link: https://twitter.com/NominexExchange/status/1407753849310433284


Pretty good result. :)

Did not mean to make it look more excellent, but they are really smart and make their liquidity increase every day. They have $17 million in the pool right now
https://twitter.com/NominexExchange/status/1408700422987161611
Having $1 million in liquidity added in a day, I think it looks pretty awesome.

Honestly, i am utterly dumbfounded about this. It's like NMX would have been decoupled from rest of the markets and doing their own thing. Maybe they have something more planned behind the scene, because right now only use case for this (beside farming) is lower trading fees and i don't think that explains the price action.

Then again price action doesn't need to make sense and this might just be one of those cases.

I'm surprised that out of all the Defi platforms I'm following only NMX has a very stable price...

I also believe that the nominex team has big plans for the sustainability of nominex and I am very proud of the team who worked very hard to maintain the price of NMX.

What you you mean? I see no similarities in anything, not tokenomics compared to price action or fundamentals. Nominex doesn't burn any NMX and i don't think that team token locking phase would explain this price action as it's pretty standard procedure.

Liquidity has also been quite low compared to explosive value increase since their original token sale.

Because daily withdrawal limit without is bigger then in binance. I don't need to transfer my NMX profits to binance to trade with interesting pairs when i can find pairs and liquidity from Nominex itself.

But may i ask what were you hoping then? Because there hasn't been really nothing in their roadmap better then this that i know of. It's one of the main reasons i am interested farming NMX and use it for cutting fees.

Surprisingly, this exchange is still doing good and they have better liquidity than in other medium exchanges. And it is pretty quick and fast, in terms of trading and withdrawal. I tested this site. But remember to check their min deposit and withdrawal/fees before sending any coin on their exchange. Because for example, the min deposit for btc is 200k sats, so less than this amount, they won't credit. So be careful on this aspect.

It was something that really needs to be done and in fact very different from one another. I once didn't read the terms of deposit and withdrawal at crex24 when I deposited eth, as a result my eth was stuck there waiting for the rest to be put into credit, it's must have min 0.1 eth to make it credited :(

That should always read in huge red capital letters next to the deposit address.
I know it isn't lot of money but it could be for some people. However i think that these minimal deposit amounts are doing down with the binance broker program as they might adopt the binance deposit minimum amounts with it.

this is what am wondering next. are they going to reduce their daily withdrawal? now, that binance significantly reduced their limits? because if not, this exchange is a very good option for whales as they have 3 BTC daily withdrawal limit without kyc. but of course, you need to see if this exchange is indeed safe for your funds.

I can certify that this is a good exchange, I participated in their bounty campaign, my token reward coming from bounty are locked in Nominex for a year and they release a small portion daily, I can recommend this exchange based on my experience, they have a goods support and withdrawal always comes to my wallet on time, I just notice just this last 6 days that the value is going down when Bitcoin was going down NMX token is one of the tokens that was pumping.

Nominex (NMX)
₱197.88 -20.5%
0.00009523 BTC -25.9%
0.01197811 BNB -25.7%

Quite alarming for token holders like me on the positive side liquidity is still high.

But I am seeing opposite here, NMX's price going down as BTC's price is going up. We are already in the $41k level, so supposedly NMX price is going up also. But the price of NMX keeps on going down instead. So curious what is happening to this token? Is there some bad news from their end? Maybe it will go back to $1, which was their target value before. That's not very good for those who are farming this token.

There's no issue that I can think of that might harm the price, but the pump was the cause of the increased APY they have a promotion campaign for those who want to farm, and whales take the opportunity, but when the promo ended the prize started to drop, I cannot trade my stakes because it is locked, I was able to trade my remaining Nominex token that was released, to USDT to protect my profit, I just hope they will continue doing promo and marketing, they need to keep up the exchange industry has stiff competition.

Most alarming thing on the price drop is that Nominex staff keeps commenting in their telegram channel with their official statements, telling that there's a group of people trying  manipulating the price. Constantly commenting on the price movements of an utility token and trying to control it is a huge red flag on any regulated space. I am not sure if this is something Russian regulators would allow but anywhere else in the world regulators would frown on this behavior.

They should just shut up about the price and i would feel lot of more confident with this.

And are they really sure that there's a group of people manipulating the price? I just checked today and their price is continuously going down. Bitcoin and other popular alts are on the rise, whereas, NMX is going down. Something is wrong with this situation. NMX team should offer another promotional activity to gain the interest of traders or followers. Otherwise, even their ranking is going down, from about 200+ and now down to 344, which is not a very encouraging scenario to its investors. I don't know if it will have impact in terms of other trading pairs on their market.

That wasn't my point. Markets should decide the price anyway. If someone can manipulate it, major supply is managed by few and price shouldn't be up anyway because it was pumped. I founded it weirder that the price sustained when literally everything else was dumping. Somehow admins weren't bothered to tell then that the price was manipulated and we should be careful.

Oh no, now they tell us to be careful when the price is down. They don't seem to care about manipulation itself, they only call it manipulation when the price goes down.

How could someone manipulate the price so easily? This could be due to the reduced market interest in the NMX token, more good news is needed to raise the price.
Why is the Nominex team not so active in adding new tokens to their exchange? wouldn't adding new tokens in the exchange attract new traders and increase users and trading volume?

Addition of new tokens with good foundation would be good to add more interest from traders. I'm keeping tab also with their developments as I'm holder of NMX tokens owed to their bounty program. Wondering why there is continuous slide on its price considering that btc is doing good in the market. Maybe some farmers are pulling out their tokens and selling it???

You are correct. And new people are getting confused as they don't know how to read the orderbook action to see that most of nmx/usd trades there the trades are faked volume. So they see volume as a market interest. Fake volume is kinda frustating but not at all unusual on exchanges that don't have enough liquidity to to attract people.


This is because they are waiting for the binance broker program to kick in (it should have started already), where they get all the binance pairs they want instantly.

Few hours ago, I see NMX token in his very bad price, NMX token even hit 0.5 USDT for each. It wouldn't be worthless that easily would it?
People in the telegram group are looking for information about this, but I saw the admin giving a response about this via private message, have we reached the end of the life of this nominex token?

I was in shocked also, what is happening? I was part of their campaign so I am also holding some of NMX tokens and getting their daily tokens from my allotment. I hope this exchange will not be closing soon. They are also not active in the forum so what we can do is keep an eye on their social media channels and let's find out what's happening on their site.

Can someone also explain what has happened in the beginning of July? Before that, token price only rose. But on July 9 there is a huge dump and after that the only think token price did was falling down. This does not come together with their plans of becoming a Binance broker. They plan to release first version of brokers program by the end of September. This is a highly positive news, but the price reacts opposite. That is what worries me.

I don't think the Nominex exchange will be closing soon, Although there has been some fake trading volume and it doesn't have a sizeable trading volume yet, but recently Gems Radar included Nominex in some DeFi gems that might be in the spotlight in Q4, 2021.

We can't get direct statement from the team here because they are not active.
I am not also familiar with their social media channels if they are more open with communication to their followers.
But I have seen this token rose above $7 each token and slowly it goes down, when a lot of tokens are going up.
Maybe, people are just expecting too much, where initially the team is really targeting the value of $1 on their token.
And when Binance strictly enforce KYC to all their users, some of their users will look for alternative options.

Fake trading volume is pretty much common in these, so that isn't so alarming. And there's BBP stage one coming soon, so things are looking very real now. Anyone that had low buy orders on the drop is probably very happy right now.

It's hard to really explain, when the market is going down, NMX is doing better in the market, now that the market is changing direction and going up NMX is going the opposite, I think it's time to do another round of marketing, although they are still young in the industry, they need to keep the momentum going I thought when it hit the $7 mark it will reach 2 digits, unfortunately, it did not happen.

Hmmmph, another round of marketing might be a good thing, but I wish it was done in a more professional way.
I have some NMX tokens which I earned from last year's bounty, honestly I was sick of seeing the token price go $2 when I held it from $6-$7, now it looks like I made a big mistake holding it. I hope this situation doesn't last long.

Well I feel sorry, because the team say "their marketing is not poor, they working on it every day". I think they always do that marketing but in other ways, it's just that the results are not that great. Maybe the problem right now is how they replace it with a more effective one.

Actually they have regular trading campaigns for traders on the Nominex exchange, as a form of effort to attract traders, but this is less effective.
In order to increase trading volume on the Nominex Exchange, Nominex should be more active in adding new tokens in their exchange, especially tokens that have a large trading volume. Don't wait for them to apply for listing on the Nominex exchange.

It crossed my mind, is there no community voting so that the exchange lists the coins or tokens that the community wants?
Waiting for them to list their project on the exchange only happens when new projects appear, whereas tokens or coins from long-lived projects, it must be added if the community wants it.
Nominex has a rank that is not too low in cmc, even he is above the cointiger right now.

I don't know what kind of marketing they are doing but they need one now since their token is going down, recently they added SOL in their trading platform but only on BUSD -SOL they should add more pairs for SOL it's a coin with good potential in the market and they should also list their token to other markets, they only have Nmx / USDT pair.
I thought that Nominex will be heading to $10 after a big pump, this is really a big drop.

Dont lose hope man. This exchange is very new and they are trying their best. I regularly follow their social media, They are very active. They are regularly adding coins to their exchange, A few days ago they added SOL and still adding new coins. I have also seen a pool at Telegram about coins listing.

Nominex Binance Broker Program (BBP) Released! So there is no problem with order book and liquidity.
The NMX coin price dumping, its hurts. But for the new investor maybe it's good to collect some at a cheap rate. Personally buying at this dip level. Sound likes it gambling, but I like to do it. My long term target is $5++

Nominex exchange is new exchange, But not very new, This exchange has been built since 2019. I also follow their twitter account, But I don't see Nominex regularly and Actively add new tokens to their exchange, you can see on the Nominex exchange, not too many tokens traded there, especially new tokens. Maybe our understanding of active and regular is different.

They have a good trust rating, but they only have 23 pairs for trading to trade they should add more, they claimed to be the
this exchange has a good future they have a lot of features that will make them a candidate for the top exchange in the market, when it comes to marketing yes they should do it again, they still have a lot stored for them to reach the top.

This is problematic. If they fund their marketing from NMX, it just creates more sell pressure, and they don't have ton of funding so where do you see this marketing budget coming from? If your problem is just price, but you believe the project, then i suggest averaging your buy in and farming it. If you are just gambling to see if the price goes up, maybe this is not for you as no one can guarantee that.

I noticed that they reduced the daily withdrawal limit to 0.1BTC, I remember it was 2BTC for no KYC before. But I think, this is still good for those traders who are looking for exchanges who don't require KYC. 0.1BTC is more than enough if you are a small trader. They have good list of trading pairs also.

I am pretty sure this limitation came because of binance broker program As Binance is complying with regulators. As they (binance and binance market makers) want anyone using their services complying with them too. It's the only reason i can come up with anyway.

I consider Nominex a dark horse they have great features that traders are not aware of, it's good for small and big traders, I already recommend that they add more coins and pairs, they should also accommodate new coins coming up with good potential.

their slogan is very attractive also

They need to get this outside for people to know how good trading in Nominex.

By the way, i never even saw this. How exactly it has zero fees? I mean aren't the NMX literally for paying fees at their platform? Also, what they mean by highest liquidity. Because they don't have it compared to top platforms at least.

Have only traded NMX on the exchange and did not observe any fake trading, there are possibilities with other coin. The interphase may be dull. The order book are right and trade engage immediately with the sell button but if you have a different definition of fake trading lets know.

Take a look at the buys and sells of NMX again and compare the action to buy and sell walls, it's happening slowly with rather big sales/buys but it's obvious. I don't understand why they bother to do that but i guess they have their reasons. It doesn't affect to the price anyway.

Maybe they make the trading volume bigger and livelier.
The price of the NMX token continues to fall as the market starts to improve. Looks like the NMX token needs to be listed on popular exchanges like Kucoin or MXC.

Maybe listing would help, but i doubt that. It would only dilute the liquidity as it would have to be spreaded to different exchanges. Also listing would cost them money and they most likely would have to market sell nmx for that. So that would actually hurt the price.

What they need is marketing they last held their advertising when they are in their launching period, they should sustain it now by launching a signature campaign or a social media campaign, some old projects are doing it, they launch a new campaign, even a short campaign can make a difference.

I don't know if another campaign will revive the interest of traders because as we can see the token's value is slowly going down. I have the feeling that it may go down to their initial target price of $1. I thought something will change once they announced being official binance broker, but instead of going up, it is still going down. Is there someone here has idea why it seems NMX token can't keep up with the market? Maybe the NMX farmers are also slowly selling now that they see the price seems hard to go up again.

That's possible farmers and traders are quick to trade or sell once they see the coin is going down, liquidity is also going down but not crashing I have their price tool in their telegram NMX Price $1.67;  Total liquidity $10,549,311.81 liquidity down by 10% since last week this is not good if you are farming, they should do something or the token will go down further, the token is performing better in the bear market but now it's a big turn around just when the market is going better, marketing is still good but they should add more liquidity to attract more investors.

I politely disagree. Last signature campaign could be one of the reasons we are on down spiral. Well that and lack of utility. I already asked them in telegram if they would host IEOs, that only NMX holders could participate to. Also would be cool if right to make IEOs would have to be paid with NMX.

Why did you say so? That the last sig campaign was the reason for this continuous decline? The allotted tokens for participants is small percentage only and it should not make any dent with the price. Aside from that, they are daily releasing it to participants so it won't make any big impact in the trading market.

Because what it conveys is that, even with bullish run of btc, their token is declining and we don't know why such unfortunate situation for their token exchange.

What happened here, Nominex does not have a market for their own token I was about to trade my NMX token but there were no pairs I used to trade my NMX with USDT but there's no market now including the Eth and BTC pairs, this is not good they should add liquidity on these pairs or the token will lose its value and reputation not only on Nominex but there are other coins/tokens don't have liquidity, they should act now.

Have you read this announcement when you open your spot balance?

https://i.ibb.co/qRjyvc2/Screen-Shot-2021-11-20-at-1-55-05-PM.png

I am closely following also with this development as I also have NMX in their exchange. However, I don't know yet how to use the binance brokerage account.

I found this announcement from their telegram channel and will go over as well.

https://support.nominex.io/en-us/article/201-migration-of-trading-pairs-to-bbp

This is interesting so they will use the Binance Broker platform as one of their platform for their users, I have not yet confirmed my transfer I would like to contact support first for an additional guide on how to proceed this is something new and have not tried this Binance broker program, Nominex, as far as I know, is the only exchange that used this.

I have locked Nominex in my dashboard coming from the signature campaign and it is airdrop daily in my spot balance but now there is no market on their platform, and based on that article 


This means we will have to wait for them to relaunch their NMX market and there's no exact date, this is the reason why there is no trading data in the market aggregator, worse part is having no time frame, I'm hoping they can resolve this there are many NMX holders that are hanging in the air.

What do you think about "seized"  altcoins? I have XRP and Dogecoin on my account. I cant withdraw them. I cant transfer them. All I can do is to convert them to NMX. I dont want to do it, because the exchange rate is worse then it was when I've bought them. The exchange force me to convert and hold NMX that looses its value daily.

I've bought XRP when the price was $1.13 and NMX cost $1.70. All I can do with XRP is to convert it to NMX that cost $1.51. Hope I can just hold it and it wont disappear.

The NMX token is no longer available on spot trading on their own exchange. But the holder can still swap it with usdt, you can go to the Trade and Earn menu then select Convert. there you can swap your NMX to USDT.

Dont forget, that you have to pay fee when using such method. When you trade and use NMX as payment for wee, you pay 0.05% fee. And you can trade any amount you like. But if you use convert option, then you would be charged with 1.23 NMX fee. Minimum convert amount is 2.24 NMX, which is a bit above $3, and you will pay $1.85 extra as a fee. Nominex show that NMX price is $1.50, but is not true. Shady exchange.

Yes, that's true, but currently the only way to sell NMX tokens that I know of is to convert them to USDT, As I said before. I don't know why the Nominex team removed their own tokens from Spot trading.

If you have no choice but to get your money, the easiest option is indeed the convert option which has expensive fee in my opinion. Also, you need to wait a lil bit longer before it reflects on your account. I don't know why the exchange removed it from their spot trading, where a lot of alts are still there. The convert option is one way to generate good income from the traders as they are charging high fees. Wondering the future of this exchange as the value is going down instead of going up.

That's what I did you have to convert using that tool since there's already no market for NMX, I thougth it's heading to $10 back 8 month ago of this year, I bought some thinking that it's going to reach $10 because the market is going down while Nomkinex price is going up, it's quite disappointed that this things happen to a project with a lot of great features, hopefully they can get back on track.

I don't know this is going more bad or not, but people faced with the choice to migrate to BBP. Some pair already unlocked to trade, I'm little curious when pair nmx will open again in there. Isn't there another way to trade nmx tokens nowadays? Is it really can't be traded to anything at this time?

You can use this link to convert your NMX to USDT https://nominex.io/convert only USDT as of now, the convert fee is quite high I was charged $1.46 by trading my 10 NMX to USDT, but you have to be patient and wait before you get credited even though the transaction is confirmed, I waited 7 hours just to credit my trade, if it goes 8 hours you have to send a ticket but follow-through, they have a chat window there and dedicated support, great for an exchange.  

Thanks God they have fixed convert option. Otherwise it looked like Nominex took all funds as a hostage. I think it is a good time to drop NMX, before the price goes even lower.  All users low balances must convert funds to NMX, spend extra on a convert fee, withdraw funds to Binance, where user must have a verified account. And it is no use waiting something, because starting from February 1, all the users will be moved to Binance Broker program automatically.

I also thought there is no way to trade Nominex anymore because I used to trade my Nominex on their trading platform until they disable it, I have to ask in this thread, and their support, where to trade Nominex, price is going down further, their being a Binance broker did not help the price and their cause, it's time to change direction, they can't continue like this doing nothing or holders will dump their shares.

No need to be disappointed sir  maybe in 2022 they will be back on track.
Until now I also have not exchanged NMX to USDT because considering the price is not suitable so I will continue to maintain until 2022 and hope there will be good news about NMX.

Ahh great, so it can be converted to USDT only through the website. This is very helpful for those who want to sell their NMX tokens, especially bounty hunters. I was thinking is it possible to sell NMX via pancakeswap? because I saw the withdrawal option and I also found the nominex contract address on the bsc network.

I once traded NMX on Pancakeswap once that was 2 or three months ago but now I cannot trace it anymore adding the contract address shows zero results, the link I provided is the only way to trade NMX just be sure to trade a big amount to save you fees, their market ranking is dropping and there's no volume anymore, I read that they are going add liquidity or pair February next year, why wait next year it should be asap as the token and the exchange is losing their repuation.

they put back the trading pair NMX/USDT in their regular trading exchange. but the price may possibly even go below $1 as it is dropping every day. i know that their target price before the start of this project was $1, but wondering those who are farming this token. such a loss. don't know the future of this exchange but if their token exchange is going down without the hint of going up, is the exchange dying even after being announced as official binance broker? what exactly is/are benefits of being binance broker? not really knowledgeable on this part.

Anything is possible, but it shows some recovery now, and since i can now buy $Dusk from Nominex (thanks to their binance broker program) i don't even need to log in Binance for that.

I'm surprised at NMX performance in the market in the last 7 days while many of the top coins and tokens are going down by as high as 30% Nmx went the other way it goes up 39.3% in the last 7 days glad that I did not dump my NMX when it was going down, hopefully, it will go $2 before the end of this month.

True, perhaps the increase in the price of Nominex tokens this time was due to the launch of Dex Nominex "Nomiswap", which was launched at the end of last year.
Nomiswap has a Exchange Fee Cashback program of up to 100%, which is quite interesting.

Interesting. I totally missed nomiswap news. I wonder if they do an airdrop for users like many swaps do. I need to subscribe to announcement channel as i thought only thing happening was binance broker program. I was kinda bearish to be honest.

There was an airdrop for first users who started farming and hold tokens for a long period. I saw in telegram how one guys staked 1030 NMX and got rewarded with 758 NMX next day. But he was among first to send tokens in the staking. Sadly, this distribution is no longer available. I've sent NMX several days ago and received nothing extra. Also, I did not hear anything about "airdrop for doing swaps", so I guess there is no such thing right now.

Usually airdrops are done without any warning or earlier notification. Their whole idea is to support users that were using the tech from the start. Just like nft early traders were rewarded several times, and godsunchained traders with IMX and GODS tokens. Or UNI airdrops for uniswap users. Those were some huge airdrops for active users. If they would about these beforehand it would just attract dumpers, not real supporters and users.

Airdrop for first-timers doesn't seem likely, as they don't have their own token yet, but this is just my opinion. in the future they may announce an Airdrop for their users.
Although there is no explanation for the Airdrop Program, the fee cahsback program is up to 100% and their referral program is quite interesting

Compared to other coins and tokens they have a good momentum $0.995272 46.5% Dec 28, 2021 (14 days) now $1.45 it even went $1.65 I remember a few months ago many coins are dripping but NMX reached $7, I hope the next market trend we can finally see Nominex on the $10 mark, they claimed to be an exchange with 1000+ trading pairs with the highest liquidity and 0% fees
First hybrid exchange with DeFi mechanics and they are the Official Binance broker.

what I should say-Nominex is on right track. with the starting of nominex, a DEX item help the native token price almost reach 100 percent

Anybody can get benefits from the initial higher APR from farming or staking. Present atmosphere is great to start and earning passive income through Nomiswap. Nominex journey quite impressive until now, it's so simple they will perform even better in the upcoming days.

Nominex should have created DEX long time ago, instead of polishing issues with becoming Binance broker. I even start to think that wasting energy and funds on that was a strategical failure. As it created more negative around Nominex exchange, instead of making it more demanded and well known. I still dont get all the benefits users get after Nominex became a broker, when DEX in most people's eyes are free money or passive income right now.

I saw that after they became a Binance Broker, they had no influence at all on their tokens in the market and even more days the price of NMX was decreasing, maybe the only thing that attracted me the most to trade on nominex was to get a sizeable cashback from trades and transactions I did in nominex exchange.

How else they could have provided liquidity for their cex. Dex is whole different project and you can't really build debit cards on it because of regulatory issues. And seems like they are heading for debit card route.

It seems that being binance broker doesn't help in the growth of their token.
But in the recent days, their token is slowly going up.
What I like about this exchange is that they still have no KYC if you are just a small trader.
And so far, I don't have any problem with withdrawal from their site.

That could be because of Russian regulators and usually regulators aren't that interested about people who transfer small sums. It most likely will have mandatory kyc later like every other legit cex that are working with regulators. I am honestly not sure if i want to give their my id.

I encounter problems on their TRX withdrawal but since I'm getting message that I should try later I keep trying until my Tron withdrawals are confirmed, happened to me twice but only on TRX, but all the other coins/tokens are good, and you are right been trading here for three months but no issuea about their KYC but of course once you exceed the daily withdrawal limit, that's when they will ask for KYC.

I assume that this is recent problem as i was using trx as a way to withdraw when i withdrawed trx daily. After binance broker program started i don't have a reason to withdraw to binance anymore as i can buy dusk inside nominex.

I tried it again yesterday but this time on the Binance chain it was declined so I shifted from Binance to Tron chain and it went through, only on Trx I don't know maybe lack of funds or what, it's only on Trx but all the other coins or tokens are good on all their chain, Nominex is doing pretty good in the market surprisingly, it's history repeating itself on NMX, the market was down then but they are going up, now it's happening again.

Yes I agree it's been a year that I'm trading here and only trading small amounts like $50 to $150 and up to this day they are not asking for KYC because you are not on their withdrawal threshold but once you over that will set the alarm for KYC, I'm surprised on their showing now I bought more NMX when it was going down so far I'm on profit, I have this feeling that this exchange will go a long term and their token value will further increase, really great for them to align to Binance.

And now Russians want to regulate cryptos. It's just a matter of time when KYC is mandatory in Nominex now. This could take time but it's definitely coming now unless Nominex physically move to panama or some another country with their staff i can see no alternative kycless solution.

TOP 5 farming pools by amount invested on Nomiswap DEX

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