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Topic: 🚀🚀[ANN][IEO] NuMoney Exchange - fiat in/out via physical stores across Asia🚀 (Read 606 times)
April 05, 2018, 01:54:57 AM
March 26, 2018, 08:18:53 AM
UPDATE
Updated Chinese Whitepaper
Updated Chinese Whitepaper
March 13, 2018, 10:26:22 PM
What is the next process of Numoney sir?
UPDATE:
Our developers have been working tirelessly to deploy the exchange securely. We have been testing the exchange internally last week and now we're seeking early users/testers. If you are keen, send us an email to [email protected] with the subject "Early exchange user", tell us whether you will be looking at depositing fiat or ETH, and we will get back to you.
Note: Please state how much ETH or SGD you will be looking to deposit.
February 24, 2018, 01:46:29 AM
What is the next process of Numoney sir?
February 23, 2018, 12:20:25 PM
up post
February 21, 2018, 09:22:04 PM
We are still looking for the following translations, interested participants please email us or message us on BCT.
Thank you very much!
Japanese
Tamil
Thai
Mandarin
Thank you very much!
Japanese
Tamil
Thai
Mandarin
February 12, 2018, 02:33:12 AM
I need to understand what is the meaning with "fiat-in and fiat-out through physical stores across Asia". Would you make a short explanation about it?
We are going to have 2 retail stores in Singapore (Raffles Place and Tai Seng), 1 retail store in Jakarta, Indonesia and 1 in Kuala Lumpur, Malaysia.
Users will be able to deposit cash into their exchange accounts and withdraw cash through any of our retail stores in the following currencies:
- SGD
- MYR
- IDR
Instead of being forced to use Xfers or trade P2P with anonymous traders, NuMoney makes it easy for consumers to cash in and cash out of crypto through our retail stores. Dealing with cash, and having cash vaults in our retail stores allows us to stay operational as an exchange even if the banks decides to shut down our accounts. We have seen this happening in many local exchanges. One example is Luno:
https://news.bitcoin.com/luno-exchange-bank-account-frozen-by-malaysian-tax-officials/
February 11, 2018, 11:46:51 PM
Can entries be outsourced or must they be original work? (What I mean is can I buy from someone else where I own the rights, and enter it)
Sure you can! As long as I have the confirmation that you have bought the rights of the content!
February 11, 2018, 07:39:50 AM
I need to understand what is the meaning with "fiat-in and fiat-out through physical stores across Asia". Would you make a short explanation about it?
As I understand it, there will be locations across Asia where people can deposit physical cash and have it appear on the online exchange. Withdrawals will be processed in cash as well.
February 11, 2018, 04:24:38 AM
I need to understand what is the meaning with "fiat-in and fiat-out through physical stores across Asia". Would you make a short explanation about it?
February 11, 2018, 03:49:23 AM
Can entries be outsourced or must they be original work? (What I mean is can I buy from someone else where I own the rights, and enter it)
February 09, 2018, 03:42:57 AM
Reserved translation.
BitcoinTalk Name: Maiyah
BitcoinTalk Profile Link: https://bitcointalksearch.org/user/maiyah-1042006
What are you reserving?: Whitepaper, Ann Thread, Bounty Thread
Language: Indonesian
Previous Translations: https://cryptoindonesia.com/indoneisan-translation/
Eth Address: 0x5620C0851d58Fd55a411dAdeb17c83DBB8E61b29
BitcoinTalk Name: Maiyah
BitcoinTalk Profile Link: https://bitcointalksearch.org/user/maiyah-1042006
What are you reserving?: Whitepaper, Ann Thread, Bounty Thread
Language: Indonesian
Previous Translations: https://cryptoindonesia.com/indoneisan-translation/
Eth Address: 0x5620C0851d58Fd55a411dAdeb17c83DBB8E61b29
February 09, 2018, 03:41:04 AM
Please respond to this thread if you are reserving a slot for the translation, and send us an email.
Translation bounties are offered on a first come first served basis.
Translation bounties are offered on a first come first served basis.
February 07, 2018, 02:37:13 AM
Great project and initiative.
Wish you all the best with the exchange and new office move.
Wish you all the best with the exchange and new office move.
February 01, 2018, 06:53:35 PM
How exactly would an "IEO" kickstart liquidity on the exchange? Wouldn't you need a couple days to let customers add to the orderbook before opening trading, or at least a dedicated liquidity provider? Or do you plan to use the money from the IEO to stack your own orders...?
Liquidity happens when:
1. There exist users that have deposited their cryptocurrency to trade
2. There exist users with fiat credit in their account
3. There is trading activity
4. And most importantly, there must be users.
Bonus if:
* There exists an arbitrage opportunity -- more incentive for trading activity
---
With that understood, when the IEO happens, a few things happen.
1. In order to purchase NMX tokens, users have to register an account, and deposit their ETH into the exchange
2. Users who do not have NMX tokens can deposit fiat, and purchase ETH (forming an arbitrage opportunity)
This forms the bedrock of trading, having users and coins to trade.
---
After the IEO, NuMoney coffers will be enriched with USD$7.5M, for which it really is an advance on the future earnings (from fees) albeit at a 66% loss, for which we will use these funds to continually arbitrage our exchange.
And we can do that because from our OTC operations, we have ready liquidity providers and organic buy side demand. The hope is that over time, the exchange bootstraps itself. And it should, because NuMoney is launching concurrently in 3 countries at the same time. Singapore, Indonesia and Malaysia -- 3 countries in south-east asia with really poor liquidity (maybe except Indonesia because they have bitcoin.co.id)
I hope this answers your query sufficiently.
Thanks for your answers. If you are purely using your own orderbook, it seems like you will be quite illiquid at the start. Let's hope the arbing incentive disallows that. Good luck with your project.
February 01, 2018, 10:35:53 AM
How exactly would an "IEO" kickstart liquidity on the exchange? Wouldn't you need a couple days to let customers add to the orderbook before opening trading, or at least a dedicated liquidity provider? Or do you plan to use the money from the IEO to stack your own orders...?
Liquidity happens when:
1. There exist users that have deposited their cryptocurrency to trade
2. There exist users with fiat credit in their account
3. There is trading activity
4. And most importantly, there must be users.
Bonus if:
* There exists an arbitrage opportunity -- more incentive for trading activity
---
With that understood, when the IEO happens, a few things happen.
1. In order to purchase NMX tokens, users have to register an account, and deposit their ETH into the exchange
2. Users who do not have NMX tokens can deposit fiat, and purchase ETH (forming an arbitrage opportunity)
This forms the bedrock of trading, having users and coins to trade.
---
After the IEO, NuMoney coffers will be enriched with USD$7.5M, for which it really is an advance on the future earnings (from fees) albeit at a 66% loss, for which we will use these funds to continually arbitrage our exchange.
And we can do that because from our OTC operations, we have ready liquidity providers and organic buy side demand. The hope is that over time, the exchange bootstraps itself. And it should, because NuMoney is launching concurrently in 3 countries at the same time. Singapore, Indonesia and Malaysia -- 3 countries in south-east asia with really poor liquidity (maybe except Indonesia because they have bitcoin.co.id)
I hope this answers your query sufficiently.
February 01, 2018, 06:50:16 AM
https://twitter.com/Bill_Djons/status/959030940281516032
your tweet, if there is a desire to thank the addresses you will always find on my page on Twitter ... by the way ... Facebook and Instagram have banned advertising crypto and ICO ...
February 01, 2018, 06:44:25 AM
Can't wait for the permenant physical store at the central business district area at raffles place 
February 01, 2018, 05:55:31 AM
How exactly would an "IEO" kickstart liquidity on the exchange? Wouldn't you need a couple days to let customers add to the orderbook before opening trading, or at least a dedicated liquidity provider? Or do you plan to use the money from the IEO to stack your own orders...?
February 01, 2018, 05:35:24 AM
Bounty Program
Media Campaign
Total Distributed tokens: 500,000 NMX
NuMoney will reward writers who produce good quality articles, reviews, and presentations about NMX Initial Exchange Offering (IEO) or Numoney Exchange. Articles must include details of the NMX IEO or NuMoney exchange. Articles can be posted on blogs, forum, threads, Reddit, or websites.
NuMoney will reward video creators who create good quality videos to promote or review NuMoney and NMX IEO. Videos can be posted on any video sharing website such as Youtube.
Payment:
All pieces of content are divided into three categories depending on quality and distribution of your content:
Media Campaign
Total Distributed tokens: 500,000 NMX
NuMoney will reward writers who produce good quality articles, reviews, and presentations about NMX Initial Exchange Offering (IEO) or Numoney Exchange. Articles must include details of the NMX IEO or NuMoney exchange. Articles can be posted on blogs, forum, threads, Reddit, or websites.
NuMoney will reward video creators who create good quality videos to promote or review NuMoney and NMX IEO. Videos can be posted on any video sharing website such as Youtube.
Payment:
All pieces of content are divided into three categories depending on quality and distribution of your content:
Excellent
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