[ANN] [NEXT] NEXT.exchange - regulatory compliant hybrid exchange

[holydarkness]

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.

I honestly wonder if the feature will be beneficial, without being sceptic. Let's assume there are 100 people holding the privilege of this early trade, while the rest 500 were content with waiting for the public trade, the initial pump that usually follows a listing, or the excitement that bring volume, will not happen because most of the token owners (or, to stick with the example we use earlier, the ABC owners) still can't trade them. So, the main excitement, pumps, and volumes, will still happen on 29th.

I think it'll be not too different from a case where projects releasing their tokens 14 days before exchange listing, people can trade on DEX, but only small numbers of holders interested to do so, resulting a small to no volume, whereas the main trading activities happen 14 days after.

[no-ice-please]

You claim to be regulatory compliant, but in which jurisdictions does that apply?

[Kasperiko]

You claim to be regulatory compliant, but in which jurisdictions does that apply?

I have the same question. From what checked recently there are no countries where regulators gave the green light to such matters.

[alan2here]

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

Exchange has a nice interface but their marketing is not well known during the past year. I think this exchange is not trusted by everyone because the trading volume is very low, making investors unable to liquidate well when participating in this exchange. Looking at other exchanges they always have a way to attract customers when each coin is listed.

[holydarkness]

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

Exchange has a nice interface but their marketing is not well known during the past year. I think this exchange is not trusted by everyone because the trading volume is very low, making investors unable to liquidate well when participating in this exchange. Looking at other exchanges they always have a way to attract customers when each coin is listed.

Well, for that case, I would suggest that one of the main reason is because team themselves aren't active on this forum, replying answers, etc. Their last activity was two days ago. That, combined with their relatively new project and a lot of questions around it, is a good reason enough to raise doubt

[3_aces]

Guys, The first masternode is already up and running on next chain mainnet. I will update once mine is active and running.

https://ibb.co/GM2YwSf

[glebj]

You claim to be regulatory compliant, but in which jurisdictions does that apply?

I have the same question. From what checked recently there are no countries where regulators gave the green light to such matters.

We are registered as a B.V in the Netherlands and LTD in England and Wales.
With regulated, by the way, what's meant is exchanges where an authority/accountant is looking into the books.

This post can be quite insightful: https://medium.com/nextexchange/next-exchange-visits-the-dutch-parliament-in-pursuit-of-smart-regulations-for-cryptocurrency-fd1edae3c158
As well as our first AMA: https://www.reddit.com/r/NEXTexchange/comments/bahz82/join_us_for_the_first_official_nextexchange_ama/

[glebj]

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

Exchange has a nice interface but their marketing is not well known during the past year. I think this exchange is not trusted by everyone because the trading volume is very low, making investors unable to liquidate well when participating in this exchange. Looking at other exchanges they always have a way to attract customers when each coin is listed.

Well, for that case, I would suggest that one of the main reason is because team themselves aren't active on this forum, replying answers, etc. Their last activity was two days ago. That, combined with their relatively new project and a lot of questions around it, is a good reason enough to raise doubt

Sorry, Easter holidays. I don't think that is reason enough to raise doubt.
We are very active in our Telegram chat: https://t.me/next_exchange

[glebj]

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

Exchange has a nice interface but their marketing is not well known during the past year. I think this exchange is not trusted by everyone because the trading volume is very low, making investors unable to liquidate well when participating in this exchange. Looking at other exchanges they always have a way to attract customers when each coin is listed.

Regarding marketing.
Our platform will be going through a major update soon from version 1.0 (what you see now) - to version 1.1.
Mainnet will also occur during the same time (approx). Which is when we plan on ramping up our marketing activities.
This can be insightful: https://www.reddit.com/r/NEXTexchange/comments/bahz82/join_us_for_the_first_official_nextexchange_ama/ekelre6?utm_source=share&utm_medium=web2x

Also, this contains a good amount of information: https://www.reddit.com/r/NEXTexchange/comments/b440h6/commonly_asked_questions_exchange_blockchain_other/

[glebj]

Some updates for everyone here:

First masternode of NEXT.chain is live on Mainnet (transition to Mainnet will be gradual):
https://twitter.com/etninvestor/status/1120987967277764608

Update regarding IEO practices and our stance on them:
https://twitter.com/NextExchange/status/1121147454106238981


Some recent mentions of our project:

NEXT.exchange and its backbone NEXT.chain
https://medium.com/@teeringt/next-exchange-and-its-backbone-next-chain-1b931794fde9?sk=12f9aad61b87be2077b413287c0ac224

Centralized exchanges in a decentralized wonderland
https://steemit.com/cryptocurrency/@ck-cake/centralized-exchanges-in-a-decentralized-wonderland

NEXT.exchange visits Dutch Parliament for smart regulations regarding cryptocurrency exchanges
https://www.einpresswire.com/article/482226240/next-exchange-visits-dutch-parliament-for-smart-regulations-regarding-cryptocurrency-exchanges

NEXT.exchange interesting features and use cases
https://steemit.com/eth/@acecool/next-exchange-interesting-features-and-use-cases

NEXT.exchange The NEXT Big Thing
https://steemit.com/next/@acecool/next-exchange-the-next-big-thing

[MeAtBicointalkSince2018]

With regulated, by the way, what's meant is exchanges where an authority/accountant is looking into the books.

I understand "to be regulated" as the confirmation that all legal frameworks of finance correspond to your jurisdiction(s). The confirmation ideally comes from a trustworthy auditor. Being "regulated" does not mean that an accountant checks the books!
 (or please specify what do you mean with "authority/accountant". I apologize if I misunderstood you!)

Hence my question: since you are registered as B.V in the Netherlands and as LTD in England and Wales, could you please explain which jurisdiction exactly which business activities are subject to the NEXT Exchange? Which companies with which exactly business activities are registered in NL and which in GB? (or especially in Wales?)

Another question: does the NEXT Exchange currently meet all the requirements of the "Autoriteit Financiële Markten" (for the Netherlands) or the Financial Services Authority (for Great Britain) that apply to you? (e.g. Fiat-Deposits, custody, exchange, trading with client funds, tokenisation etc.)

Thanks a lot in advance.

[glebj]

With regulated, by the way, what's meant is exchanges where an authority/accountant is looking into the books.

I understand "to be regulated" as the confirmation that all legal frameworks of finance correspond to your jurisdiction(s). The confirmation ideally comes from a trustworthy auditor. Being "regulated" does not mean that an accountant checks the books!
 (or please specify what do you mean with "authority/accountant". I apologize if I misunderstood you!)

Hence my question: since you are registered as B.V in the Netherlands and as LTD in England and Wales, could you please explain which jurisdiction exactly which business activities are subject to the NEXT Exchange? Which companies with which exactly business activities are registered in NL and which in GB? (or especially in Wales?)

Another question: does the NEXT Exchange currently meet all the requirements of the "Autoriteit Financiële Markten" (for the Netherlands) or the Financial Services Authority (for Great Britain) that apply to you? (e.g. Fiat-Deposits, custody, exchange, trading with client funds, tokenisation etc.)

Thanks a lot in advance.

Regarding such questions, it's best to send an email to info@next.exchange and our legal will help you.

[holydarkness]

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

Exchange has a nice interface but their marketing is not well known during the past year. I think this exchange is not trusted by everyone because the trading volume is very low, making investors unable to liquidate well when participating in this exchange. Looking at other exchanges they always have a way to attract customers when each coin is listed.

Well, for that case, I would suggest that one of the main reason is because team themselves aren't active on this forum, replying answers, etc. Their last activity was two days ago. That, combined with their relatively new project and a lot of questions around it, is a good reason enough to raise doubt

Sorry, Easter holidays. I don't think that is reason enough to raise doubt.
We are very active in our Telegram chat: https://t.me/next_exchange

Actually, subjectively it will, many investors measure the seriousness of project by their capability to attend to questions soonest possible. The absence due to easter holiday raise a question on my mind, though. Perhaps one that you can help enlightening together with my previous question. How many people are actually working on your team that a long easter holiday practically severed your team's communication on this forum?

[MeAtBicointalkSince2018]

Regarding such questions, it's best to send an email to info@next.exchange and our legal will help you.

Why not answer here? I don't ask for help from your legal, I want you to answer this questions here in public.

I'm very interested in your exchange, your blockchain, your masternode, your fiat gateways. it's really great! But I do not know if I have to afraid to lose my possible investment because of failures of regulations in your jurisdictions.

My above questions are easy to answer, just a list and a few yes/no.

Furthermore, it is not only important to master the tech and laws. One third it is just as crucial to be open with the community.

[3_aces]

Next Exchange is preparing for it's mainnet and version 1.1 release.
Now triple redundant with the new HP C7000 with 16 Gen9 server (telco- and bankgrade) and ready to take over the market .
These images were just shared by next exchange ceo.

https://imgur.com/a/lXRcci5

https://imgur.com/6iWOyq6

[glebj]

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

Exchange has a nice interface but their marketing is not well known during the past year. I think this exchange is not trusted by everyone because the trading volume is very low, making investors unable to liquidate well when participating in this exchange. Looking at other exchanges they always have a way to attract customers when each coin is listed.

Well, for that case, I would suggest that one of the main reason is because team themselves aren't active on this forum, replying answers, etc. Their last activity was two days ago. That, combined with their relatively new project and a lot of questions around it, is a good reason enough to raise doubt

Sorry, Easter holidays. I don't think that is reason enough to raise doubt.
We are very active in our Telegram chat: https://t.me/next_exchange

Actually, subjectively it will, many investors measure the seriousness of project by their capability to attend to questions soonest possible. The absence due to easter holiday raise a question on my mind, though. Perhaps one that you can help enlightening together with my previous question. How many people are actually working on your team that a long easter holiday practically severed your team's communication on this forum?

There are over a dozen people on our team.

[glebj]

Regarding such questions, it's best to send an email to info@next.exchange and our legal will help you.

Why not answer here? I don't ask for help from your legal, I want you to answer this questions here in public.

I'm very interested in your exchange, your blockchain, your masternode, your fiat gateways. it's really great! But I do not know if I have to afraid to lose my possible investment because of failures of regulations in your jurisdictions.

My above questions are easy to answer, just a list and a few yes/no.

Furthermore, it is not only important to master the tech and laws. One third it is just as crucial to be open with the community.

Please respect my previous response to you. Additionally, your questions are being discussed in our Telegram.

[zaraki]

I would recommend everyone to join their Telegram channel, because the team has a lot of interaction there with the community. You can also see how non toxic the chat group is. The channel is overseen by an 'anti-bot' bot. Only real people can join the channel, because bots are kicked.

I sincerely ask you to join the channel.

[Margary]

I would recommend everyone to join their Telegram channel, because the team has a lot of interaction there with the community. You can also see how non toxic the chat group is. The channel is overseen by an 'anti-bot' bot. Only real people can join the channel, because bots are kicked.

I sincerely ask you to join the channel.

This is a very responsible team. managers work conscientiously. this is a very well-organized work. I'm sure there will be a good result here

[holydarkness]

Well, I looked at their telegram and I have to say that it is indeed quite active. I can see Gleb Jout replying answers and, once again indeed, bring discussion about legal question on this forum to their channel. Driven by the curiosity, and in strong assumption that username "glebj" of this forum stands for him, which is acting as the COO of the project, I looked at his linked in and I, once again, have to say that it's kinda reliable. His activity is more than one year, and he listed NEXT as his employment (thus, we can cross the chance someone list his linkedin profile without his knowledge).

I am not endorsing their project, nor urging anyone use this post as a reference, everyone still need to DYOR, but I think it's safe to say that we can cross "fake team" from the possibility.

Next (pun intended), it'll be nice if you can attend to my earlier topic.