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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.
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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. Its just math.
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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.
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. You will be able to withdraw some part of your tokens each day. |
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1. NMX earned in bounty and live tournaments will be fully unlocked within 365 days (1 year).
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 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. |
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Can you share here what is your bounty program condition before they start? whether anything has changed in the meantime and why if yes? 1. You can also use all NMX tokens to pay a trading commission on the Nominex exchange 50% cheaper. 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? 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. |
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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.
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Yeah, very long process. I don't know investors will invest on their money for this much long time or not. Cause most of investors (specially early birds investors) invest on projects for earn some good profit after listing coin. Of course i know make a good quality project is not a easy task and it take some times. But this is much longer than expected. Hope project team have much interesting idea to attractive investors.
The trading fees are lower than Binance's if I am not mistaken. A lot of the purchases should come from traders who want to lower their fees. Plus, affiliates need NMX to advance in referral level to unlock higher tier bonuses. In conclusion I don't think most of the funds contributed will come from speculation (although it is very enticing), but from the actual use-case of the token. I just hope that the exchange operations can be sustained from the generated volume. Currently they are generating around $1M/day which should translate (with an average of 0.02% fee/trade) into $200/day = $6000/month. I'm sure the volume will increase once trading bots/APIs are introduced + the futures. Their token is overpriced too much with a total supply of 200KK the same as Binance. They are selling it for 1$ per one or even more while binance sold theirs for 0.1 per one. If you actually try their exchange you will see how bad it performance is. It is lagging a lot of the time, sometimes you have to wait over 5 min just to open the website. Plus 50% of tokens are in devs pocket. As I calculated to mainaint the 1$ price per token they would have to be at the bottom on top 100 cmc which is impossible with current exchange. If the exchange is lagging with that few users what will happen if more join? Do not hate me for that I'm always trying to say the truth beacuse there is no other way. Yes, we have some bugs, but we fix it fast. With each day our exchange becomes faster and more stable. By the way, we're already in Top-50 on CoinMarketCap  That's quite achievement for relatively new exchange. Congrats! I hope you will gain more traders as I'm seeing that in the near future I will use your exchange as the liquidity is quite good. But I am wondering if your NMX token is to be converted as DeFi token, will the target price still at $1? Or it may increase according to the demand? Is this going to be backed by real assets? Thank you for your words! We won't stop to grow in this rate. More details about the price will come closer to the conversion to DeFi. Follow our updates in our Telegram channel https://t.me/nominex_announcements |
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The exchange has improved. I have tested it recently and the lags disappeared. Good job
Happy to hear it, thank you for your support! |
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NMX will be listed soon, right after convertation to DeFi. Thank you for bringing it to our attention  We will edit info on CoinGecko soon. |
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I saw on your website:
365 Days of NMX Distribution
NMX token powers the whole Nominex exchange giving the ultimate benefits to all NMX holders
Explore multiple ways of receiving NMX Token and make a choice!
So we need buy and hold to get reward?how long we need hold?After 365 days or we can get reward if we hold all 365 days
Very soon, with a conversion of NMX into DeFi, we will announce staking and farming. Stay tuned and follow our Telegram announcements channel https://t.me/nominex_announcements. |
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Yeah, very long process. I don't know investors will invest on their money for this much long time or not. Cause most of investors (specially early birds investors) invest on projects for earn some good profit after listing coin. Of course i know make a good quality project is not a easy task and it take some times. But this is much longer than expected. Hope project team have much interesting idea to attractive investors.
The trading fees are lower than Binance's if I am not mistaken. A lot of the purchases should come from traders who want to lower their fees. Plus, affiliates need NMX to advance in referral level to unlock higher tier bonuses. In conclusion I don't think most of the funds contributed will come from speculation (although it is very enticing), but from the actual use-case of the token. I just hope that the exchange operations can be sustained from the generated volume. Currently they are generating around $1M/day which should translate (with an average of 0.02% fee/trade) into $200/day = $6000/month. I'm sure the volume will increase once trading bots/APIs are introduced + the futures. Their token is overpriced too much with a total supply of 200KK the same as Binance. They are selling it for 1$ per one or even more while binance sold theirs for 0.1 per one. If you actually try their exchange you will see how bad it performance is. It is lagging a lot of the time, sometimes you have to wait over 5 min just to open the website. Thank you for your support! We think about stable coin and NMX will be converted soon to DeFi. We hope that it will have a positive effect to our token's price. Plus 50% of tokens are in devs pocket. As I calculated to mainaint the 1$ price per token they would have to be at the bottom on top 100 cmc which is impossible with current exchange. If the exchange is lagging with that few users what will happen if more join? Do not hate me for that I'm always trying to say the truth beacuse there is no other way. If I may pitch in, determining rate as 1 NMX for 1 USD will not be impossible if they apply a stablecoin system. That way, not only they will be able to maintain the rate, butnit will also be a competitive advantage to encourage people to use the site. Other method will be the old school burning method. If they burn certain percentage of token utilized as fees payment, slowly the total supply will decrease and price will likely goes up. |
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Yeah, very long process. I don't know investors will invest on their money for this much long time or not. Cause most of investors (specially early birds investors) invest on projects for earn some good profit after listing coin. Of course i know make a good quality project is not a easy task and it take some times. But this is much longer than expected. Hope project team have much interesting idea to attractive investors.
The trading fees are lower than Binance's if I am not mistaken. A lot of the purchases should come from traders who want to lower their fees. Plus, affiliates need NMX to advance in referral level to unlock higher tier bonuses. In conclusion I don't think most of the funds contributed will come from speculation (although it is very enticing), but from the actual use-case of the token. I just hope that the exchange operations can be sustained from the generated volume. Currently they are generating around $1M/day which should translate (with an average of 0.02% fee/trade) into $200/day = $6000/month. I'm sure the volume will increase once trading bots/APIs are introduced + the futures. Their token is overpriced too much with a total supply of 200KK the same as Binance. They are selling it for 1$ per one or even more while binance sold theirs for 0.1 per one. If you actually try their exchange you will see how bad it performance is. It is lagging a lot of the time, sometimes you have to wait over 5 min just to open the website. Plus 50% of tokens are in devs pocket. As I calculated to mainaint the 1$ price per token they would have to be at the bottom on top 100 cmc which is impossible with current exchange. If the exchange is lagging with that few users what will happen if more join? Do not hate me for that I'm always trying to say the truth beacuse there is no other way. Yes, we have some bugs, but we fix it fast. With each day our exchange becomes faster and more stable. By the way, we're already in Top-50 on CoinMarketCap |
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Yeah, very long process. I don't know investors will invest on their money for this much long time or not. Cause most of investors (specially early birds investors) invest on projects for earn some good profit after listing coin. Of course i know make a good quality project is not a easy task and it take some times. But this is much longer than expected. Hope project team have much interesting idea to attractive investors.
The trading fees are lower than Binance's if I am not mistaken. A lot of the purchases should come from traders who want to lower their fees. Plus, affiliates need NMX to advance in referral level to unlock higher tier bonuses. In conclusion I don't think most of the funds contributed will come from speculation (although it is very enticing), but from the actual use-case of the token. I just hope that the exchange operations can be sustained from the generated volume. Currently they are generating around $1M/day which should translate (with an average of 0.02% fee/trade) into $200/day = $6000/month. I'm sure the volume will increase once trading bots/APIs are introduced + the futures. By the way, we have a lot of activities: for example daily demo and real tournaments, where you can win USDT and NMX for free. You can fully pay with won NMX for trading comission and, in that way, won't pay for comission on the Nominex exchange. |
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I was looking at the trading pairs on their exchange but NMX is not yet traded. So I am wondering how can they determine its value as about $1 or is that their target price once it is listed on their exchange? Also, I found this on their website that it will be listed after their distribution and since the distribution will end about 244 days, does it mean that you will see the NMX token after about 244 days? That's a long wait though.
I also checked and found the same thing. I don't understand which kind of strategy they follow for their token sale and token listing. If they want to listed their native token after distribution then i don't think people will show their interest on it very much. It's a too long process and who knows token value will be the same as they assumed. we cannot confirm the price of their token later after the NMX trading has started, it could be higher or lower, the price they assume is $ 1 I don't know how they will stabilize the price of the NMX token later, let's wait for that to happen and take a look at their final result As they've stated that NMX token costs less in the beginning stage of token distribution and the price steadily grows up. We're stage 4 right now, on there final stage price will transform into $1.3 against each Nominex token (NMX). However, It's very long process, till then we must wait. Yeah, very long process. I don't know investors will invest on their money for this much long time or not. Cause most of investors (specially early birds investors) invest on projects for earn some good profit after listing coin. Of course i know make a good quality project is not a easy task and it take some times. But this is much longer than expected. Hope project team have much interesting idea to attractive investors. NMX token will be listed earlier. Now we changed our strategy into DeFi, it will be listed very soon after NMX will be converted. Follow our announcements in Telegram for updates. |
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Hey there,
We really hope you're enjoying Nominex trading tournaments, bounty quests, referral bonuses, demo modes and so on.
But you have the power to make us even better! 💪
Share your Nominex experience on TrustPilot ⭐️ and we'll give you 5 NMX and our word to continue doing our best for each and every user of our exchange! ✋
🌐 Details are available here
Thanks, we do appreciate it ❤️
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 Nominex Altın Kampanyası Başladı! 🤩🤩🤩
☑️ Kurallar ise oldukça basit.
1. Nominex'e kayıt olun
2. Twitter hesabımızı (@NominexTurkish) takip edin ve altın kampanyası tweetini beğen + retweet edin.
3. Telegram Topluluğumuza katılın
4. Formdaki sorulara doğru yanıtları verin
İşte bu kadar kolay. Her hafta 1 talihli, 1 GR altın kazanacak!
Son katılım tarihi: 1 Eylül 2020 23:59 (Türkiye Saati)
Daha geniş bilgi için Türkçe Telegram Kanalımza katılın: @NominexTurkish
🔔 Not: 🔸 Bu kampanya 10 hafta sürecektir.
🔸 Her hafta 1 talihli ,1 GR altın kazanacaktır.
🔸 Katılımcı en fazla 1 kez 1GR altın ödülü kazanabilir. |
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 The Real Tournaments are finally here! ⚔️
From now on you can win your first real money on Nominex💰
Show off your trading skills, be the best and earn our real prize!
Unlike any other trading arena, ours wont be time-limited, so you can participate every day.
Check the rules and get back to Nominex 👌 |
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 ⚡️Announcement!
Nominex has listed two coins TFB and BAND at a time.
Now our users can deposit or trade BAND/BTC, BAND/USDT and TFB/USDT pairs 📈
By the way, you get free NMX tokens for trading on Nominex. How much did you get so far? 😏
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 🔊 Long-awaited New Bounty Quests!
Four more were added to the list:
🖊 Bitcoin and CryptoTalk Forum Quest - be an active forum user and get a special bonus for that.
✈️ Telegram Quest - maximum rewards for being active in our chats, helping newcomers and discussing project news
❓Quora Quest - answer and create questions yourself earning NMX coins at the same time
Previous Bounty quests are still available:
🎬 Video quest - record a video about how cool it is to trade on the Nominex exchange, and get NMX tokens!
📹 Stories quest - your phone is all you need to get up to 45 NMX tokens! Capture a story and get a generous reward.
🖊 Social Media quest - tell your community what you think about Nominex and get a lot of goodies.
👥 Referral quest - get tokens and a new topic for conversation with friends, teaching them how to use Nominex.
Сhoose the quests you like and go ahead - rewards are waiting for you! All details are here.
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1) Nominex profile ID : 20989 2) Your BitcoinTalk profile URL: https://bitcointalk.org/index.php?action=profile;u=9625343) Number of earlier created posts : 296 4) Your Telegram username : @Avengermax ~ NMX token - an in-built exchange service token, can be used as a trading fee, applying 50% discount, as well as the tool for receiving increased bonuses of the affiliate program and as a reward at different activities run by Nominex Exchange. ~ 💰 Your NMX reward will be credited to your Nominex exchange account every Monday after your messages are checked. No reports with links are required in terms of the Nominex Signature Quest. And at the site I can see it: 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 ecosystem, it is used as a utility token that allows users to receive discounts when paying for their trading fees.So we can't exchange our token rewards directly and withdraw that? It will only provide discount in trading fee while we use the exchanger. If it works this way I will cancel my participation in this signature campaign. You are free to do that. Right now it's not possible to withdraw the token, you need to wait till the token distribution is over. Btw, you don't need to pass a KYC procedure. Though, if you are not a simple bounty hunter but trader who is searching for better conditions on crypto exchanges, you can use the received free NMX tokens for cutting off your trading commissions. If you just search for profit on the spot, you can reject your participation at any time. |
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