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

[glebj]

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.

Yep, Gleb Jout is me, @G_Jout on Telegram, and on linkedin, you have it correct.
https://imgur.com/a/AGqYQAJ

[holydarkness]

Yep, Gleb Jout is me, @G_Jout on Telegram, and on linkedin, you have it correct.
https://imgur.com/a/AGqYQAJ

Yeah nice, umm... didn't mean to be rude, but if you could share your thoughts and views about the previous topic I asked, I'll be grateful as I am really interested to discuss about it. I'm currently on mobile and it's rather troublesome for me to requote, but it's on previous page, post number #21.

If I may give a brief highlight, I thought your feature might not be a beneficial feature at all, because there's a slight chance that only few people will use this "early trade" feature, thus very low volume, or the exact opposite, everyone hold the requirements so the benefits is no longer a benefit as everyone entitled to it

[glebj]

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.

It's an assumption. We can assume that there will be more than 100 people holding privileges to trade early.
It would also show true demand to get on board a project and hold its token/coin.
Also, 100 NEXT for early access is not hardcoded, it can be adjusted based on market conditions in order to benefit users and the project.
Regardless, we will see how it goes with this feature.

Regarding it not being a benefit if many people try to utilize it... Why? It creates buying pressure. Sure, we have utility to provide through the use of NEXT.
Greater demand to trade a project early bird promotes greater demand for NEXT. "So the benefit is no longer a benefit as everyone entitled to it" it sure is a benefit for existing holders who will see their NEXT holdings appreciate in value.

Hope this makes sense.

[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.

It's an assumption. We can assume that there will be more than 100 people holding privileges to trade early.
It would also show true demand to get on board a project and hold its token/coin.
Also, 100 NEXT for early access is not hardcoded, it can be adjusted based on market conditions in order to benefit users and the project.
Regardless, we will see how it goes with this feature.

Regarding it not being a benefit if many people try to utilize it... Why? It creates buying pressure. Sure, we have utility to provide through the use of NEXT.
Greater demand to trade a project early bird promotes greater demand for NEXT. "So the benefit is no longer a benefit as everyone entitled to it" it sure is a benefit for existing holders who will see their NEXT holdings appreciate in value.

Hope this makes sense.

(replying to paragraph 2)

Price-wise, yes I can understand that it'll make very much sense, that the more people trying to get hold of the token to be entitled to early bird feature, the more it will be beneficial to the existing holders as their token value increases, thus benefit (or rather, profit).

But feature-wise, will it be beneficial? Let's assume that the entire members of your exchange are 100 users. Due to the interests on the feature, 80 of the 100 users are possessing the NEXT token, this means majority of your community are entitled to this early trade, which lead us to a situation where the early trade is almost equal to an ordinary trade, there were no early bird anymore, only the night-owl... or late-worm.

Thus, your feature is no longer a feature, isn't it?

[Goodvalony]

Hello
Are you saying we can participate fully in the platform without KYC? like it is a decentralized exchange platform. kindly explain on how the mining works? i am a bit confused.

[CryptoCheckk]

Hello
Are you saying we can participate fully in the platform without KYC? like it is a decentralized exchange platform. kindly explain on how the mining works? i am a bit confused.

Check here: https://medium.com/nextexchange/ama-for-next-exchange-hybrid-crypto-asset-exchange-platform-d165e53366b3

This is a transcript of the AMA they did. The answer you're looking for is in here in the imagine of the different account tiers NEXT.exchange will have.

[3_aces]

Whatever you expect from the best crypto exchange, NEXT have it.

1. Reduced fees for trading
2. Staking of POS based coins
3. Masternodes
4. Token Creation
5. Governance
6. IEO
7. Vote to List
8. Access to fiat
9. Personal wallet with private keys of your own.
and lots more.... 

[67semih]

We saw a lot of exchange coming news. Nearly all of them say regulated. Can you explain about regulation? What benefits can users have by regulated exchange?

[danipay]

I have seen in the coin market cap and etherscan but a bit confused, which is true?
the total market capital next exchange was $ 1,625,788 but in Etherescan it was $ 48,261,875.28.

[glebj]

I have seen in the coin market cap and etherscan but a bit confused, which is true?
the total market capital next exchange was $ 1,625,788 but in Etherescan it was $ 48,261,875.28.

The value on CMC is correct.

[ShagNEXT]

https://twitter.com/NextExchange/status/1133104913423249408

Shag CM

[etherixdevs]

I have seen in the coin market cap and etherscan but a bit confused, which is true?
the total market capital next exchange was $ 1,625,788 but in Etherescan it was $ 48,261,875.28.

The value on CMC is correct.

Confirm. CMC is correct up to now

[rijaljun]

A friends of mine mad a tweet about this project and how this could be a potential successful project, it feels like I have ever heard about this project back on 2017 but I'm not really sure, can't really remember it, lol.

[glebj]

A friends of mine mad a tweet about this project and how this could be a potential successful project, it feels like I have ever heard about this project back on 2017 but I'm not really sure, can't really remember it, lol.

Thanks, we have a lot of great stuff coming up in our pipeline.
Such as public Mainnet for NEXT.chain, big update to our exchange, more marketing and volume building as well.

[canman]

The trading volume at this coin is still very poor and there are not many specific strategies to improve this during the past year. If there are better policies, it may attract a large number of investors to participate in this exchange, but until now then all developments have no prior calculations and certainly in the near future given This exchange will soon be forgotten. Anyway, I will continue to monitor this exchange and will wait for newer updates

[frcat]

How is your exchange regulated and by who? As I see your exchange is registered in The Netherlands. So its regulated by some Europeans regulators? Which blockchains your DEX exchange will be supported?

[glebj]

The trading volume at this coin is still very poor and there are not many specific strategies to improve this during the past year. If there are better policies, it may attract a large number of investors to participate in this exchange, but until now then all developments have no prior calculations and certainly in the near future given This exchange will soon be forgotten. Anyway, I will continue to monitor this exchange and will wait for newer updates

Somewhat strange way to express your thoughts.

Anyway, as you can clearly see over the last 3-4 months, our volume has greatly increased and sustained, as has the price of our token.

Our ICO participants have been provided with an ROI of over 250% since the conclusion of our token sale and start of development operations in the middle of a bear market.

I understand that missed opportunities can hurt, but to say "This exchange will soon be forgotten", is rather strange, but opinions right, everyone's got one.

We are currently in the process of making our Mainnet public and issuing a massive update to our trading platform, after which we will aim towards building volume on our exchange.
Latest progress update: https://medium.com/nextexchange/big-progress-update-exchange-blockchain-and-more-2650ca14a452

You're welcome to discuss our project with the team where we are most active, Telegram: https://t.me/next_exchange

[glebj]

How is your exchange regulated and by who? As I see your exchange is registered in The Netherlands. So its regulated by some Europeans regulators? Which blockchains your DEX exchange will be supported?

We are not a DEX.
Nontheless, we have integrated various Blockchains.
Bitcoin (obviously).
XEM, NEO, SYS, COLX, ECA, DGB, DASH... to name a few.
Regarding legal and regulator matters, the following image should be helpful: https://imgur.com/erVVLIL
Typically we direct all legal questions to our lawyer, who can be reached at info@next.exchange or would like to save such questions for an AMA.

[frcat]

How is your exchange regulated and by who? As I see your exchange is registered in The Netherlands. So its regulated by some Europeans regulators? Which blockchains your DEX exchange will be supported?

We are not a DEX.
Nontheless, we have integrated various Blockchains.
Bitcoin (obviously).
XEM, NEO, SYS, COLX, ECA, DGB, DASH... to name a few.
Regarding legal and regulator matters, the following image should be helpful: https://imgur.com/erVVLIL
Typically we direct all legal questions to our lawyer, who can be reached at info@next.exchange or would like to save such questions for an AMA.

But whats mean "hybrid exchange"? I though that you will have CEX and DEX exchange.
As I understand from you screenshot you still dont have license and only going to get this license in next year?
When will you have AMA?

[Bshiki]

How is your exchange regulated and by who? As I see your exchange is registered in The Netherlands. So its regulated by some Europeans regulators? Which blockchains your DEX exchange will be supported?

We are not a DEX.
Nontheless, we have integrated various Blockchains.
Bitcoin (obviously).
XEM, NEO, SYS, COLX, ECA, DGB, DASH... to name a few.
Regarding legal and regulator matters, the following image should be helpful: https://imgur.com/erVVLIL
Typically we direct all legal questions to our lawyer, who can be reached at info@next.exchange or would like to save such questions for an AMA.

But whats mean "hybrid exchange"? I though that you will have CEX and DEX exchange.
As I understand from you screenshot you still dont have license and only going to get this license in next year?
When will you have AMA?

exactly. from what can say about they registration project and, moreover, there is no permission to this exchange.
you can of course make registration in offshore, but this means only one thing, there is no regulation.
so, at any moment, promises can turn into emptiness and the exchange sweep to exit scam.
only today one polish exchange exit after left with 1k bitcoins from users.