NestEx Crypto Exchange - in BETA

[bias]

Yes that's how it's planned. Basically the order book becomes the universal warehouse for all orders of all types.

Thank you for the clarification. It's always best to explain exactly how things work.😎

Feel free to suggest! We built this based on requests from many users to be able to skip prices and directly trade at a chosen price for OTC; but as I mentioned this is still under development so always happy to take inputs

Great to hear it. At the moment, I don't have any specific thing to request or propose, but as time passes, I will for sure.😉
By the way, I see another addition, the "Burn Dust" service. Can you please explain it a bit?

[nestex_one]

Yes that's how it's planned. Basically the order book becomes the universal warehouse for all orders of all types.

Thank you for the clarification. It's always best to explain exactly how things work.😎

Feel free to suggest! We built this based on requests from many users to be able to skip prices and directly trade at a chosen price for OTC; but as I mentioned this is still under development so always happy to take inputs

Great to hear it. At the moment, I don't have any specific thing to request or propose, but as time passes, I will for sure.😉
By the way, I see another addition, the "Burn Dust" service. Can you please explain it a bit?

Of course! We had some users annoyed about balances like 0.0000141 USDT sitting in their account. Basically worth nothing, but it looks ugly in the dashboard. So we provided an option to burn those tiny amounts and clear it to a proper zero. This is only applicable for value less than 0.001 USDT and similar small amounts (calculated based on the LTP).

Since it only removes the dust amounts (and does not pay you anything in return) it's labelled as 'burn' dust.

Overall users lose nearly nothing, so there's no real financial motive here. It's just a 'tidyness' perk

[bias]

Of course! We had some users annoyed about balances like 0.0000141 USDT sitting in their account. Basically worth nothing, but it looks ugly in the dashboard. So we provided an option to burn those tiny amounts and clear it to a proper zero. This is only applicable for value less than 0.001 USDT and similar small amounts (calculated based on the LTP).

Since it only removes the dust amounts (and does not pay you anything in return) it's labelled as 'burn' dust.

Overall users lose nearly nothing, so there's no real financial motive here. It's just a 'tidyness' perk

Yes, it's a bit annoying and indeed doesn't hurt anybody. In other exchangers, though, these dust amounts are a way to get their coin (or some other coin that the exchanger wants to promote) or have some fee discounts. Did you consider the possibility of using those dust amounts in such a way instead of just "burning" them?

[nestex_one]

Of course! We had some users annoyed about balances like 0.0000141 USDT sitting in their account. Basically worth nothing, but it looks ugly in the dashboard. So we provided an option to burn those tiny amounts and clear it to a proper zero. This is only applicable for value less than 0.001 USDT and similar small amounts (calculated based on the LTP).

Since it only removes the dust amounts (and does not pay you anything in return) it's labelled as 'burn' dust.

Overall users lose nearly nothing, so there's no real financial motive here. It's just a 'tidyness' perk

Yes, it's a bit annoying and indeed doesn't hurt anybody. In other exchangers, though, these dust amounts are a way to get their coin (or some other coin that the exchanger wants to promote) or have some fee discounts. Did you consider the possibility of using those dust amounts in such a way instead of just "burning" them?

We do keep a track of how much is 'burned', and currently its overall less than $0.1. Not per coin, overall burning history since we added the button. So maybe if it adds up substantially we will start pushing it into a faucet or something so users can claim it

[PttnMe]

It seems that placing Orders reduces the Portfolio Value, which is used to calculate the Vip Level...
I think that I should not lose my Vip Status if I bring Liquidity to the Markets... In contrary I should be incentivized to do it, could something like Compound Earn be implemented on Buy Orders and Liquidity Pools, like I commit to keep my Order for at least 7 days or so (if not filled first, and 7 days are already enforced for Liquidity Pools anyway) and earn Interest on the locked Usd? That would incentivize people to bring Liquidity and you reward funds that don't just sit there doing nothing.

A couple other suggestions, could we have a button to claim the Earned Liquidity Pool Fees and Compound Earn Interest so we don't have to close and reopen every time? Or just directly auto add to usable Balance?
And could we have Liquidity Pools for Btc or Ltc even though they are not Official Listings? It is not like Satoshi is going to come back to contact the NestEx Staff for a Listing, but I would like to set up some Btc/Usd Liquidity Pool, that would help having something between the ugly 46% Spread...

[nestex_one]

It seems that placing Orders reduces the Portfolio Value, which is used to calculate the Vip Level...
I think that I should not lose my Vip Status if I bring Liquidity to the Markets... In contrary I should be incentivized to do it, could something like Compound Earn be implemented on Buy Orders and Liquidity Pools, like I commit to keep my Order for at least 7 days or so (if not filled first, and 7 days are already enforced for Liquidity Pools anyway) and earn Interest on the locked Usd? That would incentivize people to bring Liquidity and you reward funds that don't just sit there doing nothing.

A couple other suggestions, could we have a button to claim the Earned Liquidity Pool Fees and Compound Earn Interest so we don't have to close and reopen every time? Or just directly auto add to usable Balance?
And could we have Liquidity Pools for Btc or Ltc even though they are not Official Listings? It is not like Satoshi is going to come back to contact the NestEx Staff for a Listing, but I would like to set up some Btc/Usd Liquidity Pool, that would help having something between the ugly 46% Spread...

Hi so if you make an LP it does indeed count toward the VIP status. But you're right I think order book value is not counted. This may be an error. Let me dig into and have it fixed. Thanks for the feedback!

Button to claim liquidity fees = this is work in progress; we'll add it in the near future. We are trying a couple of different models (including one where the additional earned fees are paid directly to the LP holder's balance).

Yes you can have liquidity pools for unofficial coins as well, but in case of coins like BTC, LTC we keep it "pegged" which would be a disaster for an LP holder. So if anyone wishes to make an LP on those we're happy to remove the pegging and enable the LP - but can you raise a support ticket for this please (I'll be the one to take action, I just need a support ticket in the system to help me take it forward).

Thanks again for taking the time to use our platform!!

-

@PttnMe further on this topic - the Liquidity Pool Trim/Boost options have been added, so going forward you can modify the LP (to take out fees if you so wish, or increase the LP size if you wish).

[VerdOrrBT]

NestEx (nestex.one) - scammers

I used them to exchange side shitcoins from mining. When a more or less significant amount accumulated, I made a request for withdrawal, but instead of withdrawal, a block followed. When asked about the reasons for the block, the support team responded with a far-fetched pretext "your email domain registrar had registered (another) domain from which they were engaged in phishing." The support team did not respond to the subsequent half a dozen letters with options for solving the problem (change the registrar, change the email). There is only one conclusion to be drawn from this - these are scammers.

P.S. They blocked me in their Discord when I began to publicly discuss this issue

P.P.S. More than a month has passed since the blocking.

https://bitcointalk.org/index.php?topic=5558693.msg65791387#msg65791387

[nestex_one]

NestEx (nestex.one) - scammers

I used them to exchange side shitcoins from mining. When a more or less significant amount accumulated, I made a request for withdrawal, but instead of withdrawal, a block followed. When asked about the reasons for the block, the support team responded with a far-fetched pretext "your email domain registrar had registered (another) domain from which they were engaged in phishing." The support team did not respond to the subsequent half a dozen letters with options for solving the problem (change the registrar, change the email). There is only one conclusion to be drawn from this - these are scammers.

P.S. They blocked me in their Discord when I began to publicly discuss this issue

P.P.S. More than a month has passed since the blocking.

https://bitcointalk.org/index.php?topic=5558693.msg65791387#msg65791387

We blocked you on discord because the FIRST and ONLY sentence you wrote was "Give me my money back and then you can continue to pretend to be a virgin" you are rude, arrogant and as I told you, we are not here to support angry nasty people who are OBVIOUSLY part of a phishing entity. Till date, you did not deny, refute those charges or prove them wrong in any manner.

So you have multiple accounts with us, and only ONE of them, which used the known phishing provider Wuxi Yilian LLC domain mypush.org and was red flagged by our cybersecurity team, was blocked.

Your other account which uses a "list.ru" email ID was not blocked, since it was not red flagged.

Furthermore don't forget to mention that we processed $1000+ worth of funds for you - of coins that other exchanges didn't have at the time - which is like 90%+ of the funds in the account.

We clearly asked you to present your case. Instead you sent coercive and threatening emails, and did not make your case, to explain why you're not associated with the known phishing entity. Anyone may verify these facts on our discord as well, we ample time - a whole MONTH infact - to revert to the accusation.




Further to this point, the user has sent me a PM. Guess what - no denial of the accusation, and not even an attempt to provide input to resolve the issue. Just a straight "do as I say, OR ELSE"

[VerdOrrBT]

... the FIRST and ONLY sentence you wrote was "Give me my money back and then you can continue to pretend to be a virgin" ...

...after a month of ignoring

Caring about your reputation, I tried to resolve the issue through private messages. But for some reason, some people consider kindness to be a weakness.

[nestex_one]

1. Don't try to twist the situation - this phrase was written out of desperation after 4 weeks of silence in response to letters to support and private messages in Discord. You can see this by looking at the dates.

You sent only 2 emails, both of which are included in the screenshot. The dates on the email are clear, there was nothing to refute the allegation.
And your first, and ONLY message on discord was what I mentioned.

2. The evidence provided by my friend, the pool developer, you also deleted as inconvenient

By Whoxwho? They provided evidence from blackhatworld that proved Wuxi Yilian LLC is indeed exclusively a phishing domain registrar, and that 100% or more domains they register are phishing domains, high risk and should not be trusted.

His "Evidence" is completely NOT in your favour!! And it's NOT deleted either - here's a screenshot from 2 minutes ago - his message is still there.


The corresponding link for that is

Code:

blackhatworld.com/seo/is-there-an-offshore-domain-registar-outside-the-us-that-ignores-dmca.1642212/

...used the known phishing provider Wuxi Yilian LLC domain mypush.org

These data are indicated if the owner hiding mode is enabled. To verify this, it is enough to look at the domain of the registrar itself -

https://cnobin.com/
https://www.whois.com/whois/cnobin.com
https://www.whois.com/whois/mypush.org

You were informed about this, but you ignored it and deleted the related messages.

Wrong again, I made full note of this and reported it to Liz, the additional evidence that Whoxwho provided PROVED that our course of action was correct.

We asked the user to present their case. They sent coercive and threatening emails instead of making their case to explain why they are not associated with the known phishing entity. This can be verified on our discord as well, we gave them ample time - a whole MONTH infact - to revert to the accusation.

This is a complete lie and it is evident from the dates on your screenshots - in your arrogance you only condescended to talk about it when the situation was made public.

... the FIRST and ONLY sentence you wrote was "Give me my money back and then you can continue to pretend to be a virgin" ...

...after a month of ignoring

Caring about your reputation, I tried to resolve the issue through private messages. But for some reason, some people consider kindness to be a weakness.

KINDNESS!? WHAT KINDNESS??? 🤣

FIRST Your August email = "Give me back MY funds and you can continue to be paranoid as much as you want"
SECOND Your September email = "If you don't start solving this problem I will .... " etc etc.
THIRD Your message on discord = "Give me back my money and you can continue to be a virgin"
FOURTH Your PM this morning = "With your silence and lack of action to fix the problem, you are forcing me to more actively publish this dirty story. This will have an extremely negative impact on the reputation of your service, but you leave me no choice. I don't care what paranoid principles are embedded in your security system - just return MY coins to me and do whatever you want from now on"

The way I see it we did the RIGHT thing protecting our ecosystem from fraudsters like you who use threats and coercion as their tools of communication.

[VerdOrrBT]

You sent only 2 emails, both of which are included in the screenshot. The dates on the email are clear, there was nothing to refute the allegation.

You lie almost every step of the way...



P.S. And yes, “Give me back MY money and keep pretending to be a virgin.” (c) 

[nestex_one]

You sent only 2 emails, both of which are included in the screenshot. The dates on the email are clear, there was nothing to refute the allegation.

You lie almost every step of the way...

[image trimmed]

I don't see a 3rd email in my inbox. I just checked again. But seeing the message contents even now, it doesn't help your case mate. You're offering to change your identity just because your current one is tainted doesn't absolve you of the taint - it means you're aiming for concealment.

A user offering to change their email after being flagged as a "bad actor" does not prove their innocence, but it's likely to be a tactic by a bad actor to evade detection or a sign that they are trying to cover their tracks.

[VerdOrrBT]

You sent only 2 emails, both of which are included in the screenshot. The dates on the email are clear, there was nothing to refute the allegation.

You lie almost every step of the way...

[image trimmed]

I don't see a 3rd email in my inbox. I just checked again. But seeing the message contents even now, it doesn't help your case mate. You're offering to change your identity just because your current one is tainted doesn't absolve you of the taint - it means you're aiming for concealment.

A user offering to change their email after being flagged as a "bad actor" does not prove their innocence, but it's likely to be a tactic by a bad actor to evade detection or a sign that they are trying to cover their tracks.

Unanswered letters - 5 (after such a demonstration of arithmetic skills, it's no surprise that orders in your system take 5-10 minutes to match).
+ No replies to PMs on Discord

But most importantly, return the coins that were transferred to you and you can continue living in your gamedev world of rainbow unicorns.

[nestex_one]

Unanswered letters - 5 (after such a demonstration of arithmetic skills, it's no surprise that orders in your system take 5-10 minutes to match).
+ No replies to PMs on Discord

But most importantly, return the coins that were transferred to you and you can continue living in your gamedev world of rainbow unicorns.

Re-Read the T&C and you know what happens to scammers, and our zero-tolerance policy, which you accepted while signing up so there is no further discussion here.

And as informed to you and Whoxwho multiple times previously, any appeals or corrective action on this topic will be addressed by Liz directly, so write to her on support@nestex.one with the relevant evidence.

It's more than obvious that you intend to malign us for your scandalous activities as you've never, not even ONCE, offered to provide evidence in your support. And you CAN'T because there ISN'T ANY.

[VerdOrrBT]

It's more than obvious that you intend to malign us for your scandalous activities as you've never, not even ONCE, offered to provide evidence in your support. And you CAN'T because there ISN'T ANY.

Do you have problems not only with arithmetic, but also with logic? You have been repeatedly provided with evidence that this is a legal entity of the registrar. The fact that it offers favorable terms and conditions, which are also used by fraudsters, does not make all of its clients fraudsters.

Russia, the days of Prohibition...
The police find a moonshine still at a rural resident's house.
“We are arresting you for moonshining.”
“I didn't do anything!”
“But you have the equipment!”
“Then arrest me for rape too.”
“You didn't rape anyone.”
“But I have the equipment!”

[nestex_one]

It's more than obvious that you intend to malign us for your scandalous activities as you've never, not even ONCE, offered to provide evidence in your support. And you CAN'T because there ISN'T ANY.

Do you have problems not only with arithmetic, but also with logic? You have been repeatedly provided with evidence that this is a legal entity of the registrar. The fact that it offers favorable terms and conditions, which are also used by fraudsters, does not make all of its clients fraudsters.

Russia, the days of Prohibition...
The police find a moonshine still at a rural resident's house.
“We are arresting you for moonshining.”
“I didn't do anything!”
“But you have the equipment!”
“Then arrest me for rape too.”
“You didn't rape anyone.”
“But I have the equipment!”

You write all kinds of things, but you've not written "How do I prove I'm not part of the phishing network?".

No service provider who is human will want to assist you, or support you, or refund you, or have anything to do with you, with the amount of arbitrary abuse you've thrown our way. Despite all of that you see all my responses to you have been polite and to the point.

Enough said. Write to Liz, I will not be involved further.

[VerdOrrBT]

It's more than obvious that you intend to malign us for your scandalous activities as you've never, not even ONCE, offered to provide evidence in your support. And you CAN'T because there ISN'T ANY.

Do you have problems not only with arithmetic, but also with logic? You have been repeatedly provided with evidence that this is a legal entity of the registrar. The fact that it offers favorable terms and conditions, which are also used by fraudsters, does not make all of its clients fraudsters.

Russia, the days of Prohibition...
The police find a moonshine still at a rural resident's house.
“We are arresting you for moonshining.”
“I didn't do anything!”
“But you have the equipment!”
“Then arrest me for rape too.”
“You didn't rape anyone.”
“But I have the equipment!”

You write all kinds of things, but you've not written "How do I prove I'm not part of the phishing network?".

No service provider who is human will want to assist you, or support you, or refund you, or have anything to do with you, with the amount of arbitrary abuse you've thrown our way. Despite all of that you see all my responses to you have been polite and to the point.

Enough said. Write to Liz, I will not be involved further.

Where I live, the fundamental principle of the judicial system is “presumption of innocence.” The burden of proof lies entirely with the accuser.

In this case, you accused me of POTENTIAL fraud and appropriated my funds on that basis. In this case, you are the fraudsters.

NB: Nearly a dozen much more reputable exchanges have no complaints about this email/domain.

[nestex_one]

Where I live, the fundamental principle of the judicial system is “presumption of innocence.” The burden of proof lies entirely with the accuser.

If you want to work with the Judicial system you should be talking to your lawyer and not in public on bitcointalk. Get a grip bro.

In this case, you accused me of POTENTIAL fraud and appropriated my funds on that basis. In this case, you are the fraudsters.

We asked you to refute an accusation while providing full proof of it.
The proof was even EMAILED to you, on which you replied.
The proof is still present on our discord #Scam-Alert channel, dated early August.

Whoxwho shared an additional link (the blackhatworld one) that provides further proof of it.

The owner of mypush.org is clearly Wuxi Yilian LLC, because the "REGISTRANT" is Wuxi Yilian LLC.
Reference: https://www.whois.com/whois/mypush.org
(Bought from CNOBIN, AND Owned by Wuxi thingy)

For other domains only "purchased through" CNOBIN, the "REGISTRANT" name is NOT Wuxi Yilian LLC, the Registrant field contains the OWNER's name.
Reference: https://www.whois.com/whois/performancevolkswagen.net
(Bought from CNOBIN, but not Owned by Wuxi thingy)

Feel free to check this for other domains, whoisdatacenter.com gives a solid list of registrant ownership booked through this registrar.

The domain mypush.org is owned by a known scammer, and there is no public route for anyone else to get an email id on that domain. Clearly the domain owner and the user represent the same entity.

Wuxi Yilian LLC Owned (where the "REGISTRANT" is Wuxi thingy) domains are used exclusively for scams and scandalous activities, and there is no reason to believe otherwise.

This was requested by our cybersecurity team on the 9th of August, and the conclusion is beyond doubt.

[VerdOrrBT]

We asked you to refute an accusation while providing full proof of it.

That's a lie. It's not a request, it's a notification.

The proof was even EMAILED to you, on which you replied.

And I didn't get an answer. Until now.

The proof is still present on our discord #Scam-Alert channel, dated early August.

Your gaming chats are the last thing I'm interested in.

The owner of mypush.org is clearly Wuxi Yilian LLC, because the "REGISTRANT" is Wuxi Yilian LLC.
Reference: https://www.whois.com/whois/mypush.org
(Bought from CNOBIN, AND Owned by Wuxi thingy)

For other domains only "purchased through" CNOBIN, the "REGISTRANT" name is NOT Wuxi Yilian LLC, the Registrant field contains the OWNER's name.
Reference: https://www.whois.com/whois/performancevolkswagen.net
(Bought from CNOBIN, but not Owned by Wuxi thingy)

Check again this registrar's domain. Under certain security/anonymity settings just this credentials used

https://www.whois.com/whois/cnobin.com


P.S. Give me back MY coins and continue to match orders not sequentially, but through the book

[nestex_one]

Again, you're trying to camouflage here by changing your identity. I addressed this already. Trying to do that reinforces the aforementioned facts.

The proof is still present on our discord #Scam-Alert channel, dated early August.

Your gaming chats are the last thing I'm interested in.

Then find something else of interest. Having bad actors on our platform is the last thing we're interested in.

The owner of mypush.org is clearly Wuxi Yilian LLC, because the "REGISTRANT" is Wuxi Yilian LLC.
Reference: https://www.whois.com/whois/mypush.org
(Bought from CNOBIN, AND Owned by Wuxi thingy)

For other domains only "purchased through" CNOBIN, the "REGISTRANT" name is NOT Wuxi Yilian LLC, the Registrant field contains the OWNER's name.
Reference: https://www.whois.com/whois/performancevolkswagen.net
(Bought from CNOBIN, but not Owned by Wuxi thingy)

Check again this registrar's domain. Under certain security/anonymity settings just this credentials used

https://www.whois.com/whois/cnobin.com

P.S. Give me back MY coins and continue to match orders not sequentially, but through the book

Sure, the Register is the Owner of the Registrar's domain, how insightful. The problem is that the Registrar is the OWNER of your mypush.org domain as well.

There is no anonymous service where the Registrar shows itself as the Registrant, they will use an anonymous identifier.