NestEx Crypto Exchange - in BETA

[nestex_one]

I logged in to my account and I saw a difference/ change to the "Compound Earn" program. My open plan says 20% per year, but on the main page of my account, it shows 19.5% per year. Did you change the program percentage in general or for the new clients who want to join this? By the way, if I want to top up the amount in my existing plan, can I do it, or will I have to cancel it and then create a new one?

The programme percentage will continue to change; but it won't affect those who already have a deposit in place.

If you wish to add more, create a new deposit, it will get 19.5%.

If you break the existing deposit the preferential rate of 20% will no longer apply for that, so you can simply leave that as it is


example (my suggestion):
current deposit: $100 continues to get 20%
new deposit: $100 begins to get 19.5%


example (if you break the deposit):
new deposit: $100 (from old amount) + $100 (new amount) will get 19.5%

[bias]

The programme percentage will continue to change; but it won't affect those who already have a deposit in place.

If you wish to add more, create a new deposit, it will get 19.5%.

If you break the existing deposit the preferential rate of 20% will no longer apply for that, so you can simply leave that as it is

example (my suggestion):
current deposit: $100 continues to get 20%
new deposit: $100 begins to get 19.5%

example (if you break the deposit):
new deposit: $100 (from old amount) + $100 (new amount) will get 19.5%

Well, if I knew that detail, I would have put more from the start! So, as it is, the faster someone puts their coins into the program, the better.
Since you say that this percentage will continue changing, I guess it won't change upwards but only downwards. Is there any specific number that it will eventually stop changing, or not?

[nestex_one]

The programme percentage will continue to change; but it won't affect those who already have a deposit in place.

If you wish to add more, create a new deposit, it will get 19.5%.

If you break the existing deposit the preferential rate of 20% will no longer apply for that, so you can simply leave that as it is

example (my suggestion):
current deposit: $100 continues to get 20%
new deposit: $100 begins to get 19.5%

example (if you break the deposit):
new deposit: $100 (from old amount) + $100 (new amount) will get 19.5%

Well, if I knew that detail, I would have put more from the start! So, as it is, the faster someone puts their coins into the program, the better.
Since you say that this percentage will continue changing, I guess it won't change upwards but only downwards. Is there any specific number that it will eventually stop changing, or not?

Fair point. The rates are set manually so I don't know the exact logic behind it, but I expect it will regularly change and not really stop at a single point. Currently it may reduce since 20% is actually quite a bit; but maybe in future it could change directions and increase as well.

I would not look at it as a static 'number' and instead as a reflection of the NestEx ecosystem's capacity to absorb funds and assure returns on those funds.

For example earlier we could take deposits of $5000 at 20%; but we now have the capacity to accept $10,000 at 19.5% (I was told to update both MAX_DEPOSIT_LIMIT and DEPOSIT_APR_RATE)

I guess this means our fund utilization is better. Maybe? But this is my understanding of it so if you need more details I could always ask internally.


Incidentally here are our stats - you'll notice a substantial user count increase in June (although May was a dip)
month   signups
2025-03   87
2025-04   307
2025-05   269
2025-06   977
2025-07   34

We had quite a few deposits in June so maybe this was a factor in terms of the rate changes made. I will ask for more details during the next team call, so I can explain it better.

[bias]

Fair point. The rates are set manually so I don't know the exact logic behind it, but I expect it will regularly change and not really stop at a single point. Currently it may reduce since 20% is actually quite a bit; but maybe in future it could change directions and increase as well.

I would not look at it as a static 'number' and instead as a reflection of the NestEx ecosystem's capacity to absorb funds and assure returns on those funds.

For example earlier we could take deposits of $5000 at 20%; but we now have the capacity to accept $10,000 at 19.5% (I was told to update both MAX_DEPOSIT_LIMIT and DEPOSIT_APR_RATE)

I guess this means our fund utilization is better. Maybe? But this is my understanding of it so if you need more details I could always ask internally.

It seems that we have the same understanding about it. As you said, since deposits become more numerous and their amounts bigger, it's better to drop a bit of the percentage and make the program more sustainable. I don't know when and if this percentage will change upwards, but the sure thing is that as of now, it's more than good.

Incidentally here are our stats - you'll notice a substantial user count increase in June (although May was a dip)
month   signups
2025-03   87
2025-04   307
2025-05   269
2025-06   977
2025-07   34

We had quite a few deposits in June so maybe this was a factor in terms of the rate changes made. I will ask for more details during the next team call, so I can explain it better.

Well, it seems that May wasn't the best month for a lot of crypto businesses. I'm sure, though, that this is something that can happen and doesn't look "bad". The drop isn't so big. As for the deposits, it's logical to change the rates if they are more than the ones that you (as a team) expected.

[nestex_one]

It seems that we have the same understanding about it. As you said, since deposits become more numerous and their amounts bigger, it's better to drop a bit of the percentage and make the program more sustainable. I don't know when and if this percentage will change upwards, but the sure thing is that as of now, it's more than good.

Well, it seems that May wasn't the best month for a lot of crypto businesses. I'm sure, though, that this is something that can happen and doesn't look "bad". The drop isn't so big. As for the deposits, it's logical to change the rates if they are more than the ones that you (as a team) expected.

This is also a threshold to add VIP levels, which is something I had mentioned earlier. This becomes an added benefit for users who hold funds in (1) Compound Earn and (2) Coin Liquidity, since those funds count toward the VIP level and the corresponding benefits. The "slab" for VIP 1 is $1000 and for VIP 2 is $5000 (okay the level threshold is quite high, I won't say it's cheap).

VIP status is calculated real time, so the 1-minute accrual in Compound Earn will see a positive change as soon as incoming deposits are received in the system.

There are 2 current benefits (more coming soon)
1. Discounted withdrawal fees. So at VIP L2 it's ZERO withdrawal fees
2. Increased 'Compound Earn' rate - so you can 'compound' the compounding using this
VIP 0 = (base rate), currently 19.5%
VIP 1 = (base rate + 0.1)% so currently 19.6%
VIP 2 = (base rate + 0.25)% so currently 19.75%
VIP 3/4/5 = coming in future.

There will be other benefits for our VIP members. I will announce these periodically. Hopefully we are able to add the major things before August, we were hoping to do a Full Launch in August!!!

[bias]

This is also a threshold to add VIP levels, which is something I had mentioned earlier. This becomes an added benefit for users who hold funds in (1) Compound Earn and (2) Coin Liquidity, since those funds count toward the VIP level and the corresponding benefits. The "slab" for VIP 1 is $1000 and for VIP 2 is $5000 (okay the level threshold is quite high, I won't say it's cheap).

VIP status is calculated real time, so the 1-minute accrual in Compound Earn will see a positive change as soon as incoming deposits are received in the system.

There are 2 current benefits (more coming soon)
1. Discounted withdrawal fees. So at VIP L2 it's ZERO withdrawal fees
2. Increased 'Compound Earn' rate - so you can 'compound' the compounding using this
VIP 0 = (base rate), currently 19.5%
VIP 1 = (base rate + 0.1)% so currently 19.6%
VIP 2 = (base rate + 0.25)% so currently 19.75%
VIP 3/4/5 = coming in future.

There will be other benefits for our VIP members. I will announce these periodically. Hopefully we are able to add the major things before August, we were hoping to do a Full Launch in August!!!

Good to hear that things are changing and moving forward to the "Non Beta" version.
I just checked your ToU/ToS, and I see that any deposit in the "Compounding Earning" program of more than $500 will automatically be canceled within a 24-hour frame. So, there is a limit, and it isn't as large as you said earlier ($5,000 or $10,000). Can you please explain which is correct?

[nestex_one]

Good to hear that things are changing and moving forward to the "Non Beta" version.
I just checked your ToU/ToS, and I see that any deposit in the "Compounding Earning" program of more than $500 will automatically be canceled within a 24-hour frame. So, there is a limit, and it isn't as large as you said earlier ($5,000 or $10,000). Can you please explain which is correct?

RIGHT! I need to update that. My mistake not updating the TOS, it was human error 🤦

It will be updated later today. Thanks for pointing out.

$5,000 or $10,000 is a per-user limit. It can be made in one deposit or in multiple deposits. If the total deposit value for any given user exceeds that level, or exceeds the threshold amount of funds our system can utilize it will be cancelled. I don't think lots of people will open deposits of $10,000, so a case where deposits vastly exceed the current revenues is unlikely - but if it does happen the surplus deposits will need to be cancelled so we don't over-commit.

[bias]

RIGHT! I need to update that. My mistake not updating the TOS, it was human error 🤦

It will be updated later today. Thanks for pointing out.

$5,000 or $10,000 is a per-user limit. It can be made in one deposit or in multiple deposits. If the total deposit value for any given user exceeds that level, or exceeds the threshold amount of funds our system can utilize it will be cancelled. I don't think lots of people will open deposits of $10,000, so a case where deposits vastly exceed the current revenues is unlikely - but if it does happen the surplus deposits will need to be cancelled so we don't over-commit.

So, we are talking about the general threshold amount and not only for the "Compounding Earning" program? Or no? And if we are talking about the general threshold, how can you define which user can have $5,000 or $10,000? E.g.: I have in my account $1,000, thus I'm in the VIP-1 status. I top it up with $5,000, so now I'm in the VIP-2 tier, or will the system cut me out? How will I go to the upper tiers? I think that I didn't understand well...

[nestex_one]

So, we are talking about the general threshold amount and not only for the "Compounding Earning" program? Or no? And if we are talking about the general threshold, how can you define which user can have $5,000 or $10,000? E.g.: I have in my account $1,000, thus I'm in the VIP-1 status. I top it up with $5,000, so now I'm in the VIP-2 tier, or will the system cut me out? How will I go to the upper tiers? I think that I didn't understand well...

The threshold is only for the Compound Earning programme. We don't have general account value limits at this time (hopefully will not need to). 

So,
- Yes if you add $1000 you will be in the VIP-1 status.
- Yes if you add +$4000 (totally $5000) you will be in the VIP-2 status. Free withdrawals! Yay!
- Yes if you add another +$6000 (totally $11,000) you will still be in the VIP-2 status because higher VIP statuses have not yet been enabled  😅
so, now account balance = $11,000 based on this accumulation. you can add more funds or trade more and make more $$, and there's no limitation there.

But if you make a Compound Earning deposit if $11,000 (suppose) the extra $1000 will be returned to your account. The $10,000 deposit will be honoured in full (so $2,000 in 1 year's time).

If you already have a $10,000 deposit, and you make another one, the new deposit will be cancelled and returned to you. The $10,000 deposit will still be honoured in full.

Does that clarify it? Let me know if I missed anything!

[bias]

The threshold is only for the Compound Earning programme. We don't have general account value limits at this time (hopefully will not need to). 

So,
- Yes if you add $1000 you will be in the VIP-1 status.
- Yes if you add +$4000 (totally $5000) you will be in the VIP-2 status. Free withdrawals! Yay!
- Yes if you add another +$6000 (totally $11,000) you will still be in the VIP-2 status because higher VIP statuses have not yet been enabled  😅
so, now account balance = $11,000 based on this accumulation. you can add more funds or trade more and make more $$, and there's no limitation there.

But if you make a Compound Earning deposit if $11,000 (suppose) the extra $1000 will be returned to your account. The $10,000 deposit will be honoured in full (so $2,000 in 1 year's time).

If you already have a $10,000 deposit, and you make another one, the new deposit will be cancelled and returned to you. The $10,000 deposit will still be honoured in full.

Does that clarify it? Let me know if I missed anything!

Well, it's more than enough clarification, thank you!
One small clarification. By this, "If you already have a $10,000 deposit, and you make another one, the new deposit will be cancelled and returned to you", you mean that my deposit will be returned to my main account, correct? Not back on my address that I have send the funds/ coins.

[nestex_one]

The threshold is only for the Compound Earning programme. We don't have general account value limits at this time (hopefully will not need to). 

So,
- Yes if you add $1000 you will be in the VIP-1 status.
- Yes if you add +$4000 (totally $5000) you will be in the VIP-2 status. Free withdrawals! Yay!
- Yes if you add another +$6000 (totally $11,000) you will still be in the VIP-2 status because higher VIP statuses have not yet been enabled  😅
so, now account balance = $11,000 based on this accumulation. you can add more funds or trade more and make more $$, and there's no limitation there.

But if you make a Compound Earning deposit if $11,000 (suppose) the extra $1000 will be returned to your account. The $10,000 deposit will be honoured in full (so $2,000 in 1 year's time).

If you already have a $10,000 deposit, and you make another one, the new deposit will be cancelled and returned to you. The $10,000 deposit will still be honoured in full.

Does that clarify it? Let me know if I missed anything!

Well, it's more than enough clarification, thank you!
One small clarification. By this, "If you already have a $10,000 deposit, and you make another one, the new deposit will be cancelled and returned to you", you mean that my deposit will be returned to my main account, correct? Not back on my address that I have send the funds/ coins.

Yes, back to your NestEx balance. Withdrawal to the chain would be a separate thing at the user's discretion

[bias]

Yes, back to your NestEx balance. Withdrawal to the chain would be a separate thing at the user's discretion

Ok, sounds perfect and clear. As I see now, you made the proper correction to your site page as well. I'm guessing that now that almost all the exchangers start asking for more than KYC, and BTC rises to new highs and standards, you will gain more people and bigger volumes. Hopefully, you will remain a non-KYC exchange when your numbers become bigger.

[bias]

Once more, another "surprise" addition to the exchanger. I just saw the OTC section. What is this exactly? It seems that it's like an instant/Market order, but in P2P mode? I don't completely understand its use. On other exchanges that offer OTC service, it isn't near to the one that I see in your exchange. I mean, it's something very different.

[nestex_one]

Once more, another "surprise" addition to the exchanger. I just saw the OTC section. What is this exactly? It seems that it's like an instant/Market order, but in P2P mode? I don't completely understand its use. On other exchanges that offer OTC service, it isn't near to the one that I see in your exchange. I mean, it's something very different.

Hi the feature was just released and some changes may happen in future, but here's the concept of it:
1. User wants to buy from other users without price impact
2. Existing BUY/SELL limit orders are present on the order book

So the user can directly sell/buy from the limit orders. This excludes all AMM/LP orders so it's purely P2P. And since it does not cause a price impact it is OTC.

Yes it's different from how other exchanges are doing this, since we intend to hold 'unfulfilled' orders in the order book along with regular orders, and then it can be fulfilled either by a Limit order, or Market order, or an OTC order.

[bias]

Hi the feature was just released and some changes may happen in future, but here's the concept of it:
1. User wants to buy from other users without price impact
2. Existing BUY/SELL limit orders are present on the order book

So the user can directly sell/buy from the limit orders. This excludes all AMM/LP orders so it's purely P2P. And since it does not cause a price impact it is OTC.

Yes it's different from how other exchanges are doing this, since we intend to hold 'unfulfilled' orders in the order book along with regular orders, and then it can be fulfilled either by a Limit order, or Market order, or an OTC order.

So, to understand it better: If I want to buy, let's say BNB, I can do it either through the usual way (by putting an order in the order book) or by putting an OTC order at the price I like/want and wait as I would wait if I make a Limit order. The difference is that my order won't affect the order book and the actual market price of the coin. Correct?
As for the "unfulfilled" orders, what do you mean? There are all orders at different prices (Limit), and all the exchangers keep them. Some, however, charge a fee so the traders can't keep them open until the end of time. So, basically, all the orders that are different from the Market price can be called "unfulfilled" unless the Market price "hits" them, and then they become "fulfilled".

[nestex_one]

Hi the feature was just released and some changes may happen in future, but here's the concept of it:
1. User wants to buy from other users without price impact
2. Existing BUY/SELL limit orders are present on the order book

So the user can directly sell/buy from the limit orders. This excludes all AMM/LP orders so it's purely P2P. And since it does not cause a price impact it is OTC.

Yes it's different from how other exchanges are doing this, since we intend to hold 'unfulfilled' orders in the order book along with regular orders, and then it can be fulfilled either by a Limit order, or Market order, or an OTC order.

So, to understand it better: If I want to buy, let's say BNB, I can do it either through the usual way (by putting an order in the order book) or by putting an OTC order at the price I like/want and wait as I would wait if I make a Limit order. The difference is that my order won't affect the order book and the actual market price of the coin. Correct?
As for the "unfulfilled" orders, what do you mean? There are all orders at different prices (Limit), and all the exchangers keep them. Some, however, charge a fee so the traders can't keep them open until the end of time. So, basically, all the orders that are different from the Market price can be called "unfulfilled" unless the Market price "hits" them, and then they become "fulfilled".

Your order will show up in the order book; but will not impact the LTP (since OTC is not recorded in the Trades data). So if it's far from LTP it would show as a spike/dip that recovers in seconds.

Unfilfilled orders = New limit orders, or Partially fulfilled limit orders. Yes your understanding is correct

Let me add one more example for BNB
- Suppose you want to buy BNB, urgently and don't mind paying a little extra. (Also assume it is low liquidity since our usecase for this is actually Low Liquidity coins)
- Current price is 760.63 and you don't mind paying upto $800 (suppose)
- You could do a Market Order, but in that case fulfillment is not guaranteed and orders between 760 and 800 and even above 800 will also match with your order (based on how many coins and your slippage range)
- OR you could use the OTC feature to match *exactly* the sell order at $800 and get your order fulfilled at the fixed rate (Assuming the seller's order has enough capacity)

So in this way, you can basically look up the existing order book limit orders and match them for out-of-turn instant fulfillment.

[bias]

Your order will show up in the order book; but will not impact the LTP (since OTC is not recorded in the Trades data). So if it's far from LTP it would show as a spike/dip that recovers in seconds.

Let me add one more example for BNB
- Suppose you want to buy BNB, urgently and don't mind paying a little extra. (Also assume it is low liquidity since our usecase for this is actually Low Liquidity coins)
- Current price is 760.63 and you don't mind paying upto $800 (suppose)
- You could do a Market Order, but in that case fulfillment is not guaranteed and orders between 760 and 800 and even above 800 will also match with your order (based on how many coins and your slippage range)
- OR you could use the OTC feature to match *exactly* the sell order at $800 and get your order fulfilled at the fixed rate (Assuming the seller's order has enough capacity)

So in this way, you can basically look up the existing order book limit orders and match them for out-of-turn instant fulfillment.

Ok, I understand it better now. But even in this case, this spike/dip will be shown, and all the other traders will be curious how this happened without affecting their open orders. Going from 100 to 120 or the opposite, will have to include their orders. Taking seconds or minutes. I mean, it sounds a bit confusing for someone who doesn't know how this works.

[nestex_one]

Your order will show up in the order book; but will not impact the LTP (since OTC is not recorded in the Trades data). So if it's far from LTP it would show as a spike/dip that recovers in seconds.

Let me add one more example for BNB
- Suppose you want to buy BNB, urgently and don't mind paying a little extra. (Also assume it is low liquidity since our usecase for this is actually Low Liquidity coins)
- Current price is 760.63 and you don't mind paying upto $800 (suppose)
- You could do a Market Order, but in that case fulfillment is not guaranteed and orders between 760 and 800 and even above 800 will also match with your order (based on how many coins and your slippage range)
- OR you could use the OTC feature to match *exactly* the sell order at $800 and get your order fulfilled at the fixed rate (Assuming the seller's order has enough capacity)

So in this way, you can basically look up the existing order book limit orders and match them for out-of-turn instant fulfillment.

Ok, I understand it better now. But even in this case, this spike/dip will be shown, and all the other traders will be curious how this happened without affecting their open orders. Going from 100 to 120 or the opposite, will have to include their orders. Taking seconds or minutes. I mean, it sounds a bit confusing for someone who doesn't know how this works.

It will affect some open order though. Since the OTC match happens against an existing limit order, the quantity of that limit order would reduce based on the trade.

It would look similar to a Market order execution, so yes while some traders may be confused about the reason for the spike (upward or downward), others would probably identify it as a Market order.

The only difference is that the OTC will fulfill against _one_ order instead of _many_ orders like a market order. This is purely a user convenience where they don't mind paying more than LTP to buy, or earning less than LTP to sell - they just want to trade quickly and step away.

[bias]

It will affect some open order though. Since the OTC match happens against an existing limit order, the quantity of that limit order would reduce based on the trade.

So, by putting an OTC order, you also open an order in the Order book. It's like that, right?

It would look similar to a Market order execution, so yes while some traders may be confused about the reason for the spike (upward or downward), others would probably identify it as a Market order.

The only difference is that the OTC will fulfill against _one_ order instead of _many_ orders like a market order. This is purely a user convenience where they don't mind paying more than LTP to buy, or earning less than LTP to sell - they just want to trade quickly and step away.

Still, it will look strange on the Market charts because it won't affect the previous orders, upwards or downwards. It can be convenient for such users, but on the other hand will be strange to all the others. For me, it looks like a hybrid of a P2P with OTC at the same time, but since it affects the Market becomes very different. I understand the concept, but I don't know if it would be better to do it differently.

[nestex_one]

So, by putting an OTC order, you also open an order in the Order book. It's like that, right?

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

Still, it will look strange on the Market charts because it won't affect the previous orders, upwards or downwards. It can be convenient for such users, but on the other hand will be strange to all the others. For me, it looks like a hybrid of a P2P with OTC at the same time, but since it affects the Market becomes very different. I understand the concept, but I don't know if it would be better to do it differently.

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

Thanks!