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Author Topic: [ANN] [NEXT] NEXT.exchange - regulatory compliant hybrid exchange  (Read 1115 times)
glebj
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April 17, 2019, 07:13:38 PM
Last edit: December 10, 2019, 02:20:48 PM by glebj
 #1

A new thread will be posted in the coming week.   Smiley
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April 18, 2019, 01:51:06 AM
 #2

Awesome. When is the mainnet due? What are the trading pairs that are going to be on NEXT Exchange?
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April 18, 2019, 05:23:35 AM
 #3

Hello.
Is KYC mandatory, or we can withdraw some amount 1-2 BTC without KYC verification?

Quote
Together with our legal team and advisors, we are taking all of the necessary steps and measures in order to operate as a regulatory compliant hybrid exchange platform, as well as to maintain appropriate KYC/AML policies.


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New Age of DEFI
A Non-Code Platform for
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April 18, 2019, 07:15:12 AM
Last edit: August 31, 2019, 04:45:45 PM by himanshuoe
 #4

Nice Work. Finally some good news and updates coming up. Bitcointalk is the most important platform for crypto updates. Congratulations for posting your ANN.

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April 18, 2019, 07:46:38 AM
 #5

exchange running on masternodes network?  sounds unusual. Let's see. Would be nice to see also some rules and restrictions, like if there is a country permission, do you need to pass validation before deposit/withdraw, etc.
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April 18, 2019, 09:11:35 AM
 #6

I'm just a regular user following this project for a while and I think I can answer a few questions.

Awesome. When is the mainnet due? What are the trading pairs that are going to be on NEXT Exchange?

The team said the mainnet will be launched in April. So unless they decide to postpone it, I think it'll be ready at the end of the month. Regarding to the pairs: currently each asset is paired with BTC, ETH, NEXT, EUR and USD. They'll add other fiat options like GBP and JPY later, but I'm not entirely sure if those will also be basic trading pairs. I think it makes sense that they will.

Hello.
Is KYC mandatory, or we can withdraw some amount 1-2 BTC without KYC verification?

The team had an AMA session recently on Reddit. There's a transcript of it on Medium. As far as I understand from the AMA, KYC is required for FIAT operations. They have a table categorizing different user classes. Although the table is not final, if I understand it correctly, you can see that they allow withdrawal worth of €1000 per day and €10000 per month.


exchange running on masternodes network?  sounds unusual. Let's see. Would be nice to see also some rules and restrictions, like if there is a country permission, do you need to pass validation before deposit/withdraw, etc.

The exchange isn't going to run on the masternode network. The Next blockchain, which is a combination of PoW and PoS will be the backbone of the exchange. Although I'm not aware how they are technically going to implement it, I'm aware that they are going to record each trade on their own blockchain.

I am aware of a few rules regarding to the masternodes, but beware that these rules could be adjusted/changed at a later period, so don't rely on my post.
-KYC is required for running a masternode
-1 masternode per person
-Some countries are indeed restricted. I don't have a list though.
-The network will be capped at 100 masternodes (This is one of the things that can change, so don't see it as a never changing fact! 100 masternodes currently make sense because of the low circulating supply of ~3.8M Next. That's like two-third of the circulating supply)
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April 18, 2019, 09:23:45 AM
 #7

How to excavate the coin
glebj
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April 18, 2019, 10:43:03 AM
 #8

How to excavate the coin

Can you please clarify what you mean by this?
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April 18, 2019, 10:45:54 AM
 #9

https://twitter.com/NextExchange/status/1118623542860505088

NEXT.chain Mainnet preparations are underway.
Testnet has been going well, if you haven't already, check out our latest Testnet update: https://www.reddit.com/r/NEXTexchange/comments/bbv3pd/nextchain_testnet_flash_update/

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April 18, 2019, 10:46:36 AM
 #10

https://twitter.com/NextExchange/status/1115891472312803330

The NEXT.chain Testnet is currently live! More information on our Blockchain can be found at http://chain.next.exchange !
Currently, we have 60 community members testing:
- Masternodes
- Mining
- Instant and private transactions.
Want to take part? Join here: https://t.me/next_exchange
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April 18, 2019, 10:47:53 AM
 #11

Nice post made by one of our Ambassadors.
https://medium.com/@teeringt/next-exchange-and-its-backbone-next-chain-1b931794fde9?sk=12f9aad61b87be2077b413287c0ac224

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April 18, 2019, 10:49:57 AM
 #12

Awesome. When is the mainnet due? What are the trading pairs that are going to be on NEXT Exchange?

Initial trading pairs: BTC, ETH, NEXT, USD, EUR.

Minnet expected end of April, we will see how it goes, don't want to push something out unless we are 99.9% comfortable with it.
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April 18, 2019, 10:55:52 AM
 #13

One of the privilege earned by holding your native token is the ability of early bidding for new tokens, how many token does one need to be able to enjoy this privilege? And how does the other community or the projects' team will think about this? Most exchange will not disclose the date and list of new token listing, and this feature propose a "violation" to the unwritten rule.

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.LATTICE - A New Paradigm of Decentralized Finance.
PRESALE
ONGOING
 

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April 18, 2019, 11:49:21 AM
 #14

How to excavate the coin

Can you please clarify what you mean by this?

I guess question is about mining ) Person's English seems to be not that perfect )
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April 18, 2019, 03:03:29 PM
 #15

One of the privilege earned by holding your native token is the ability of early bidding for new tokens, how many token does one need to be able to enjoy this privilege? And how does the other community or the projects' team will think about this? Most exchange will not disclose the date and list of new token listing, and this feature propose a "violation" to the unwritten rule.


It will be listed and then locked for trading unless you have the required amount of tokens, 100, but subject to change in favor of users based on market conditions.
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April 18, 2019, 03:04:48 PM
 #16

How to excavate the coin

It's merge mined with BTC.
We have our own pool and there will be several community pools, one of our testnet participants launched another pool already.
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April 18, 2019, 03:05:31 PM
 #17

If anyone is interested in participating in our Testnet, please let me know.
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April 18, 2019, 06:25:11 PM
 #18

One of the privilege earned by holding your native token is the ability of early bidding for new tokens, how many token does one need to be able to enjoy this privilege? And how does the other community or the projects' team will think about this? Most exchange will not disclose the date and list of new token listing, and this feature propose a "violation" to the unwritten rule.


It will be listed and then locked for trading unless you have the required amount of tokens, 100, but subject to change in favor of users based on market conditions.

Just to make it straight, the owner of 100 NEXT (subjected to change) will earn a privilege to buy and sell newly listed tokens up to 14 days prior to public listing? Or will it be listed and then locked from public?

Let's say, an ABC token is to be listed on January 15th, will the owner of 100 NEXT be able to start trade them from January 1st or will they still only be able to trade from 15th (whereas the other will be able to trade on 29th)?

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.LATTICE - A New Paradigm of Decentralized Finance.
PRESALE
ONGOING
 

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April 21, 2019, 07:40:45 AM
 #19

One of the privilege earned by holding your native token is the ability of early bidding for new tokens, how many token does one need to be able to enjoy this privilege? And how does the other community or the projects' team will think about this? Most exchange will not disclose the date and list of new token listing, and this feature propose a "violation" to the unwritten rule.


It will be listed and then locked for trading unless you have the required amount of tokens, 100, but subject to change in favor of users based on market conditions.

Just to make it straight, the owner of 100 NEXT (subjected to change) will earn a privilege to buy and sell newly listed tokens up to 14 days prior to public listing? Or will it be listed and then locked from public?

Let's say, an ABC token is to be listed on January 15th, will the owner of 100 NEXT be able to start trade them from January 1st or will they still only be able to trade from 15th (whereas the other will be able to trade on 29th)?

You have it correct in the last part. Once it is listed on the 15th, holders will have access on the 15th while everyone else will gain it on the 29th.
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April 21, 2019, 09:32:46 AM
 #20

I can not say anything about this, I now became alert after exchanges with a high reputation simply break, look at the work of your exchange in practice to give an assessment, it is a very beautiful and high-quality exchange with an experienced team yet that's all I can say

STOP ERC20 SCAMS
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