NominexExchange (OP)
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October 13, 2020, 11:39:26 PM |
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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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NominexExchange (OP)
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October 13, 2020, 11:44:36 PM |
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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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Twinkledoe
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★Bitvest.io★ Play Plinko or Invest!
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October 13, 2020, 11:45:05 PM |
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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 ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) 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?
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NominexExchange (OP)
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October 13, 2020, 11:47:25 PM |
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NMX will be listed soon, right after convertation to DeFi. Thank you for bringing it to our attention ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) We will edit info on CoinGecko soon.
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NominexExchange (OP)
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Activity: 81
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October 13, 2020, 11:48:09 PM |
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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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NominexExchange (OP)
Copper Member
Jr. Member
Offline
Activity: 81
Merit: 1
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October 13, 2020, 11:52:29 PM |
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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 ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) 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 ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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holydarkness
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Yes, I'm an asshole
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October 14, 2020, 04:49:05 AM |
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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?
USD 1 for each NMX was not the base price, it was a discounted price. Their price increases on each sale stage, started from 0.4 last April, and planned to be 1.3 by January. This price plan will certainly change in reflect to the decision to go DeFi, but I think they'll set the target to be at least 1.3
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lifeOK
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October 16, 2020, 03:01:29 PM |
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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?
USD 1 for each NMX was not the base price, it was a discounted price. Their price increases on each sale stage, started from 0.4 last April, and planned to be 1.3 by January. This price plan will certainly change in reflect to the decision to go DeFi, but I think they'll set the target to be at least 1.3 It's quite a while I've heard MNX will become DeFi. As a Nominexians I'm truly glad to hear the news and after that hanging tight with NMX listing on exchange for trading. It will be soon but for now there is no exact date. I already joined and keep watching if their price increases after sale stage.
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klarki
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August 18, 2021, 07:11:06 AM |
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AMA with BSC Community [Friday, August 13, 2021]: https://t.me/BinanceDEXchange/395581Q: It seems like the Nominex platform has already implemented many product features. What is the general idea behind the creation of this project?We understand that more and more new products are appearing on the crypto market
First, crypto exchanges, then DeFi, then NFTs
But at the same time, the essence is always the same - traders want to trade on favorable terms, passive income seekers want to receive stable rewards.
In the Nominex platform, we have combined both factors. This innovation was noticed and Nominex marked by Binance Smart Chain as one of the Top-20 Most Valuable Builders (https://www.binance.org/en/blog/the-mvbii-phase-two-meet-top-20-projects/). Top 20 Projects: https://www.binance.org/en/blog/the-mvbii-phase-two-meet-top-20-projects/Q: Which of the nearest development plans are the most important?First of all, it's about the launch of the Brokerage Program with Binance.
In short, using the preferences of the NMX token, traders will be able to trade on all of the Binance liquidity with minimal fees or no fees at all.... Q: How does it work? We have a corporate account on Binance.
We'll use it to create isolated sub-accounts for each user registered with us.
When a user initiates the procedure for replenishing the balance on Nominex, he is in fact provided with the wallet address on the Binance sub-account that corresponds to this user.
Furthermore, when a user trades on Nominex, he sees all the orders and all the currencies that are available on Binance
When creating an order on Nominex, we, in turn, recreate it via the API on Binance on behalf of the sub-account of the user who created the order.
Orders are matched on the Binance side. We, in turn, display data on our side and provide users with a trading interface. Full info: https://t.me/BinanceDEXchange/395581
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