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Author Topic: NOMINEX [$NMX] - Team Farming Staking - 3,799% APY CRAZY!  (Read 139 times)
RolleSP (OP)
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April 01, 2021, 10:36:42 AM
Last edit: April 16, 2021, 08:05:21 PM by RolleSP
 #1

https://i.ibb.co/pjyGjy7/apy.png

I have been looking for this project long time ago and at last they release their hidden gem. Nominex is a 3 years old cryptoexchange that have just released their own token, $NMX and also launched an APY Staking Liquid program (running from March 15th). A unique farming model where only you choose whether to stake alone or with a team. Indeed, pretty cool!

https://nominex.io/

Staking of Nominex exchange token is utility: stake more assets and get higher affiliate level as well as 8 bonus types. Higher your level, the lower are trading and withdrawal fees - up to 0%.

  • They offer a 3,799% farming APY! That is absolutely crazy. You just need to connect your Wallet and start farming. You can simulate your earnings https://nominex.io/defi-nmx.
  • You can unstake at any time. The longer you stake, the higher earnings you get.
  • Staking on their $NMX coin (price increase of +56.9% in the last 14 days): Check at Coingecko: https://www.coingecko.com/en/coins/nominex. I bought it at 1.72$, now is 2.65$ plus the stacking earnings of these days!
  • The coolest thing is Team farming! you can increase your earnings by inviting friends to Nominex, so you can team up together and distribute up to 2,000 NMX among the “weak” teams every day.
  • Lower fees than Binance. From 0 to 0.1%
  • Nice exchange with 3 years old.
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RolleSP (OP)
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April 01, 2021, 04:59:47 PM
 #2

3,609% APY Now!  Shocked
RolleSP (OP)
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April 02, 2021, 07:13:08 AM
 #3

up!
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April 02, 2021, 07:31:10 AM
 #4

Are you part of the Nominex Exchange development team? or just sharing an accidental post?
I participated in the nominex campaign some time ago in this forum. the results obtained will be locked for some time.
Can I use my locked NMX for staking? or are there certain conditions for opening a locked NMX?
RolleSP (OP)
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April 16, 2021, 08:53:51 AM
 #5

Are you part of the Nominex Exchange development team? or just sharing an accidental post?
I participated in the nominex campaign some time ago in this forum. the results obtained will be locked for some time.
Can I use my locked NMX for staking? or are there certain conditions for opening a locked NMX?

Yield stackig does not get locked. You can take your profits at any time.
(o)(o)ilikeboobs(o)(o)
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April 16, 2021, 02:08:24 PM
 #6

Although the NMX token represents the Nominex exchange to reduce fees and fully mine it in 72 years, a high APY will be a major flaw. A high APY is not the best way to ensure a project's value exists stably. I have seen profit-taking lately when the value of NMX from $ 8 dropped to $ 5 in a few hours.
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April 16, 2021, 02:14:51 PM
 #7

Under “connect your wallet” means I must connect mu metamask wallet?
As Nominex can be bought on Nominex exchange, to be able to start staking I need to first buy token, withdraw it, connect wallet and send token back to staking program? Looks like a roundabout to me.

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RolleSP (OP)
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April 16, 2021, 08:07:02 PM
 #8

Although the NMX token represents the Nominex exchange to reduce fees and fully mine it in 72 years, a high APY will be a major flaw. A high APY is not the best way to ensure a project's value exists stably. I have seen profit-taking lately when the value of NMX from $ 8 dropped to $ 5 in a few hours.

have you seen the organic price grow of the token? that 8$ pump followed by a 5$ dump is just a price manipulation.
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April 16, 2021, 09:05:26 PM
 #9

up Grin
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April 16, 2021, 10:08:45 PM
 #10

have you seen the organic price grow of the token? that 8$ pump followed by a 5$ dump is just a price manipulation.
Is not it a common game in the crypto market? The whale was pumping it and then dump it again.
I see that the team was also making awareness about this but it will actually useless. People will trade at their own risk. The price was surging from less than $2 to $5 and that's quite a good achievement by nominex so far.
So many garbage tokens on BSC were also pumped by the whales as well. That's a common thing to see NMX gets this too

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April 16, 2021, 10:15:43 PM
 #11

have you seen the organic price grow of the token? that 8$ pump followed by a 5$ dump is just a price manipulation.
Is not it a common game in the crypto market? The whale was pumping it and then dump it again.
I see that the team was also making awareness about this but it will actually useless. People will trade at their own risk. The price was surging from less than $2 to $5 and that's quite a good achievement by nominex so far.
So many garbage tokens on BSC were also pumped by the whales as well. That's a common thing to see NMX gets this too

Maybe few months from now, we will see what rate of increase are they going? Can they sustain the market? The very high APY is indeed crazy. The exchange is not new so maybe there are really big investors on this token. However, such very high APY is quite hard to sustain in my opinion. Where will it come from? Haven't used that exchange so I don't have experience to share it with.
RolleSP (OP)
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April 16, 2021, 11:35:10 PM
 #12

have you seen the organic price grow of the token? that 8$ pump followed by a 5$ dump is just a price manipulation.
Is not it a common game in the crypto market? The whale was pumping it and then dump it again.
I see that the team was also making awareness about this but it will actually useless. People will trade at their own risk. The price was surging from less than $2 to $5 and that's quite a good achievement by nominex so far.
So many garbage tokens on BSC were also pumped by the whales as well. That's a common thing to see NMX gets this too

Maybe few months from now, we will see what rate of increase are they going? Can they sustain the market? The very high APY is indeed crazy. The exchange is not new so maybe there are really big investors on this token. However, such very high APY is quite hard to sustain in my opinion. Where will it come from? Haven't used that exchange so I don't have experience to share it with.

1 week ago nominex was added into Binance, so funds are actually hosted on binance.
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April 17, 2021, 07:37:27 AM
 #13

up!!
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April 18, 2021, 02:49:41 PM
 #14

Although the NMX token represents the Nominex exchange to reduce fees and fully mine it in 72 years, a high APY will be a major flaw. A high APY is not the best way to ensure a project's value exists stably. I have seen profit-taking lately when the value of NMX from $ 8 dropped to $ 5 in a few hours.

have you seen the organic price grow of the token? that 8$ pump followed by a 5$ dump is just a price manipulation.
The price increase of NMX is an increase in the amount of money put into the liquidity pool. It's a good organic boost but the problem is that it's too easy to mine and there are no strings attached to withdrawing the money from the liquidity pool. It is a flaw and an opportunity to manipulate the value of the project.
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April 18, 2021, 03:01:42 PM
 #15

The high APY and the fact that it comes from a centralized exchange is an advantage to the long-term value of the project. What I'm more concerned with is that exchanges need more volume to make an impact in the crypto space.
NMX has the function of reducing transaction costs by 50% in https://nominex.io/
Cost reduced from 0.1% to 0.05%. It is hard to believe the advantages they have for traders. They are also the official broker of Binance so trading on https://nominex.io/ is really a huge advantage.

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May 19, 2021, 10:12:48 AM
 #16

Nominex is a great exchange and Farming website, If you want to try it: https://nominex.io/?r=77404

I am using Nominex since some months ago, and I have had the chance to use Binance too, both of them are great, but currently, Nominex is giving not only the chance to exchange in their platform but also to farm the token NMX with a very interesting APR.

Additional to that, they have the possibility to farm alone (personally) and do team farming in their referral program, with increase hugely the profits you could receive.
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