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Author Topic: 🚀🚀[ANN][IEO] NuMoney Exchange - fiat in/out via physical stores across Asia🚀  (Read 502 times)
numoneystore
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February 01, 2018, 10:09:23 AM
Last edit: April 05, 2018, 06:26:26 AM by numoneystore
 #1





Read story of NuMoney here: https://exchange.numoney.store/story
Read more about our exchange here: https://exchange.numoney.store/docs/details
Read more about our IEO here: https://exchange.numoney.store/docs/ieo
Read more about our NMX tokens here: https://exchange.numoney.store/docs/nmx
Read more about our partnerships here: https://exchange.numoney.store/docs/partnership

---

Whitepaper: https://exchange.numoney.store/whitepaper
Telegram group: https://exchange.numoney.store/telegram
Website: https://exchange.numoney.store


UPDATE:
We have launched our testnet exchange for testers and early users. Link is found at the start of the thread. Testers are encouraged to report any bugs found here You will be rewarded 1,000 NMX tokens for each Unique and Verified bug.



Join our telegram group now to stay notified: https://exchange.numoney.store/telegram
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February 01, 2018, 10:35:24 AM
Last edit: April 04, 2018, 06:53:59 AM by numoneystore
 #2

Bounty Program

Media Campaign
Total Distributed tokens: 500,000 NMX


NuMoney will reward writers who produce good quality articles, reviews, and presentations about NMX Initial Exchange Offering (IEO) or Numoney Exchange. Articles must include details of the NMX IEO or NuMoney exchange. Articles can be posted on blogs, forum, threads, Reddit, or websites.

NuMoney will reward video creators who create good quality videos to promote or review NuMoney and NMX IEO. Videos can be posted on any video sharing website such as Youtube.

Payment:

All pieces of content are divided into three categories depending on quality and distribution of your content:

Excellent
Good
Normal
50,000 NMX20,000 NMX10,000 NMX

Bonuses will be given depending on the traffic, number of views or number of followers

>2000 followers
>1000 followers
>500 followers
>1000 views
>200 views
>20 views
20,000 NMX
10,000 NMX
5,000 NMX

To participate:
1) Upload your content on any media sharing platform
2) Submit the link of content using the application form here:
https://docs.google.com/forms/d/e/1FAIpQLSfQmPBYv5KHOe14YbP5QPQbzp-LV8UkxxHfKw2XXdUuhAw5XQ/viewform?usp=sf_link

Terms, Rules and Conditions:

  • Articles should be more than 400 words long.
  • Videos should be more than 1 minute long.
  • Content created must be original and cannot be copied. Unoriginal works will be disqualified.
  • Articles and Videos should have at least 3 links: to NuMoney’s Official website, Whitepaper and NuMoney IEO telegram group.
  • Medium, Steemit and other blogging platform submissions will be accepted but if same article is posted on different platforms, only the entry with the best exposure will be accepted.
  • Bounty payouts will be given out on a first come first serve basis, once the cap is reached, the Media campaign will be halted.
  • Deleted posts on forums or blogging platforms will not be counted.
  • Low quality content will not be accepted
  • Bonuses will be decided on views or followers, whichever is in the higher category.

Telegram
Total distributed tokens: 4,500,000 NMX


HALTED AS OF 4 APRIL,
NEW TELEGRAM BOUNTY CAMPAIGN BELOW


To Participate:
 
1) Join Numoney IEO Telegram group: https://t.me/NMX_IEO
2) Add at least 5 friends to the Telegram group chat.
3) Send at least 1 message on the Telegram group chat to verify your telegram account.
4) Screenshot evidence that you have added 5 friends to the chat.
5) Submit your details using this form:
https://docs.google.com/forms/d/e/1FAIpQLSfKVwWy61oH0aChXuEsvD8MyBBJbLX2RO_M4kKuIKEgUAnLvQ/viewform?usp=sf_link

Tracker:
https://docs.google.com/spreadsheets/d/1nXMJqukhWutzUtfZ2oZ6mCqx4pOg_4LU4mCnYwFXo_k/edit#gid=0

Payment:

500 NMX tokens per telegram user (first 2000 users)

Terms, Rules and Conditions:
  • Only one reward per telegram and bitcointalk user.
  • Be active at least once a week and post at least 5 messages.
  • Referrals will be manually verified.
  • Only the first 2000 successful applicants will be accepted.

TELEGRAM AIRDROP LIVE


you can get (airdropped) NMX tokens simply by inviting your friends to @NMX_IEO group.

That will be 1000 NMX tokens (USD$10) if you invite 5 friends.

To do that, just open a private message with @NuMoneyBot and type /start .


Account Creation
Total distributed tokens: 500,000 NMX

 
To Participate:
 
1) Create an account with Numoney Exchange after its launch:
2) Submit your details using this form:
https://docs.google.com/forms/d/e/1FAIpQLSeea_vpaBZomfL4LDLGSsjd1ZVDli0EPeJEW8dGRMbDE8uWig/viewform?usp=sf_link

Payment:

250 NMX tokens per account (first 2000 users)

Terms, Rules and Conditions:
  • Only one reward per telegram and bitcointalk user.
  • Be active at least once a week and post at least 5 messages.
  • Referrals will be manually verified.
  • Only the first 2000 applicants will be accepted.


Translation Bounty
Total distributed tokens: 500,000 NMX


Needed Translations:
Bahasa Indonesia (Reserved)
Mandarin (Reserved)
Malay (Reserved)
Filipino (Reserved) Need WP and Bounty Thread
Russian (Reserved)
Japanese
Tamil
Thai
Vietnamese

Completed Translations:



Please reply on the thread and contact us on hello@Numoney.store to confirm and reserve your translation.

Payment:

10,000 NMX each for ANN and Bounty Thread
25,000 NMX for WP

Terms, Rules and Conditions:
  • Participants are required to stay active on the thread by posting and translating regular updates on their own, news or any important announcements regularly according to the official thread. A single post thread will be rejected.
  • Google translations or automatic transactions will be rejected.


Notes:

NuMoney has the sole discretion to decide if criteria for a Bounty payout is fulfilled.
Bounty distribution may be withheld at the discretion NuMoney. The most common circumstance would be due to the incomplete Bounty requirements. Additional Bounties can be rewarded to users who are particularly active during the NuMoney IEO campaign, in the case there are leftover NMX from the Bounty pool.
All Bounty payouts will be given out 2 weeks after the end of 30-day token sale
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February 01, 2018, 10:55:31 AM
 #3

How exactly would an "IEO" kickstart liquidity on the exchange? Wouldn't you need a couple days to let customers add to the orderbook before opening trading, or at least a dedicated liquidity provider? Or do you plan to use the money from the IEO to stack your own orders...?

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February 01, 2018, 11:44:25 AM
 #4

Can't wait for the permenant physical store at the central business district area at raffles place Smiley
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February 01, 2018, 11:50:16 AM
 #5




https://twitter.com/Bill_Djons/status/959030940281516032
your tweet, if there is a desire to thank the addresses you will always find on my page on Twitter ... by the way ... Facebook and Instagram have banned advertising crypto and ICO ...
numoneystore
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February 01, 2018, 03:35:53 PM
 #6

How exactly would an "IEO" kickstart liquidity on the exchange? Wouldn't you need a couple days to let customers add to the orderbook before opening trading, or at least a dedicated liquidity provider? Or do you plan to use the money from the IEO to stack your own orders...?

Liquidity happens when:

1. There exist users that have deposited their cryptocurrency to trade
2. There exist users with fiat credit in their account
3. There is trading activity
4. And most importantly, there must be users.

Bonus if:
* There exists an arbitrage opportunity -- more incentive for trading activity

---

With that understood, when the IEO happens, a few things happen.
1. In order to purchase NMX tokens, users have to register an account, and deposit their ETH into the exchange
2. Users who do not have NMX tokens can deposit fiat, and purchase ETH (forming an arbitrage opportunity)

This forms the bedrock of trading, having users and coins to trade.

---

After the IEO, NuMoney coffers will be enriched with USD$7.5M, for which it really is an advance on the future earnings (from fees) albeit at a 66% loss, for which we will use these funds to continually arbitrage our exchange.

And we can do that because from our OTC operations, we have ready liquidity providers and organic buy side demand. The hope is that over time, the exchange bootstraps itself. And it should, because NuMoney is launching concurrently in 3 countries at the same time. Singapore, Indonesia and Malaysia -- 3 countries in south-east asia with really poor liquidity (maybe except Indonesia because they have bitcoin.co.id)

I hope this answers your query sufficiently.
alia
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February 01, 2018, 11:53:35 PM
 #7

How exactly would an "IEO" kickstart liquidity on the exchange? Wouldn't you need a couple days to let customers add to the orderbook before opening trading, or at least a dedicated liquidity provider? Or do you plan to use the money from the IEO to stack your own orders...?

Liquidity happens when:

1. There exist users that have deposited their cryptocurrency to trade
2. There exist users with fiat credit in their account
3. There is trading activity
4. And most importantly, there must be users.

Bonus if:
* There exists an arbitrage opportunity -- more incentive for trading activity

---

With that understood, when the IEO happens, a few things happen.
1. In order to purchase NMX tokens, users have to register an account, and deposit their ETH into the exchange
2. Users who do not have NMX tokens can deposit fiat, and purchase ETH (forming an arbitrage opportunity)

This forms the bedrock of trading, having users and coins to trade.

---

After the IEO, NuMoney coffers will be enriched with USD$7.5M, for which it really is an advance on the future earnings (from fees) albeit at a 66% loss, for which we will use these funds to continually arbitrage our exchange.

And we can do that because from our OTC operations, we have ready liquidity providers and organic buy side demand. The hope is that over time, the exchange bootstraps itself. And it should, because NuMoney is launching concurrently in 3 countries at the same time. Singapore, Indonesia and Malaysia -- 3 countries in south-east asia with really poor liquidity (maybe except Indonesia because they have bitcoin.co.id)

I hope this answers your query sufficiently.

Thanks for your answers. If you are purely using your own orderbook, it seems like you will be quite illiquid at the start. Let's hope the arbing incentive disallows that. Good luck with your project.

Lowest interest lending in bitcointalk history. https://bitcointalk.org/index.php?topic=2846750.0
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February 07, 2018, 07:37:13 AM
 #8

Great project and initiative.

Wish you all the best with the exchange and new office move.
numoneystore
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February 09, 2018, 08:41:04 AM
 #9

Please respond to this thread if you are reserving a slot for the translation, and send us an email.

Translation bounties are offered on a first come first served basis.
Maiyah
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February 09, 2018, 08:42:57 AM
 #10

Reserved translation.

BitcoinTalk Name: Maiyah
BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1042006
What are you reserving?: Whitepaper, Ann Thread, Bounty Thread
Language: Indonesian
Previous Translations: https://cryptoindonesia.com/indoneisan-translation/
Eth Address: 0x5620C0851d58Fd55a411dAdeb17c83DBB8E61b29
alia
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February 11, 2018, 08:49:23 AM
 #11

Can entries be outsourced or must they be original work? (What I mean is can I buy from someone else where I own the rights, and enter it)

Lowest interest lending in bitcointalk history. https://bitcointalk.org/index.php?topic=2846750.0
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February 11, 2018, 09:24:38 AM
 #12

I need to understand what is the meaning with "fiat-in and fiat-out through physical stores across Asia". Would you make a short explanation about it?

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alia
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February 11, 2018, 12:39:50 PM
 #13

I need to understand what is the meaning with "fiat-in and fiat-out through physical stores across Asia". Would you make a short explanation about it?

As I understand it, there will be locations across Asia where people can deposit physical cash and have it appear on the online exchange. Withdrawals will be processed in cash as well.

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numoneystore
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February 12, 2018, 04:46:51 AM
 #14

Can entries be outsourced or must they be original work? (What I mean is can I buy from someone else where I own the rights, and enter it)

Sure you can! As long as I have the confirmation that you have bought the rights of the content!
numoneystore
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February 12, 2018, 07:33:12 AM
 #15

I need to understand what is the meaning with "fiat-in and fiat-out through physical stores across Asia". Would you make a short explanation about it?

We are going to have 2 retail stores in Singapore (Raffles Place and Tai Seng), 1 retail store in Jakarta, Indonesia and 1 in Kuala Lumpur, Malaysia.

Users will be able to deposit cash into their exchange accounts and withdraw cash through any of our retail stores in the following currencies:
  • SGD
  • MYR
  • IDR

Instead of being forced to use Xfers or trade P2P with anonymous traders, NuMoney makes it easy for consumers to cash in and cash out of crypto through our retail stores. Dealing with cash, and having cash vaults in our retail stores allows us to stay operational as an exchange even if the banks decides to shut down our accounts. We have seen this happening in many local exchanges. One example is Luno:
https://news.bitcoin.com/luno-exchange-bank-account-frozen-by-malaysian-tax-officials/
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February 22, 2018, 02:22:04 AM
 #16

We are still looking for the following translations, interested participants please email us or message us on BCT.
Thank you very much!

Japanese
Tamil
Thai
Mandarin
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February 23, 2018, 05:20:25 PM
 #17

up post
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February 24, 2018, 06:46:29 AM
 #18

What is the next process of Numoney sir?
numoneystore
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March 14, 2018, 03:26:22 AM
 #19

What is the next process of Numoney sir?

UPDATE:
Our developers have been working tirelessly to deploy the exchange securely. We have been testing the exchange internally last week and now we're seeking early users/testers. If you are keen, send us an email to hello@numoney.store with the subject "Early exchange user", tell us whether you will be looking at depositing fiat or ETH, and we will get back to you.

Note: Please state how much ETH or SGD you will be looking to deposit.
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March 26, 2018, 01:18:53 PM
 #20

UPDATE

Updated Chinese Whitepaper
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