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Topic: [announce] Namecoin - a distributed naming system based on Bitcoin - page 8. (Read 596107 times)

sr. member
Activity: 403
Merit: 251

The exchange could provide liquidity and make this trading pair more attractive, either with an automated system or manually (let someone trade market maker style with the exchange's money). Otherwise it will be stuck with the chicken and egg problem of no liquidity, no traders, no liquidity.

legendary
Activity: 4004
Merit: 1250
Owner at AltQuick.com
Has anyone managed to talk to the dev team? They clearly still post updates and latest release was just a couple months ago but outside of what they post on the site sometimes they seem rather quiet about the project.

Would be nice if they could address why NMC is not being carried on any major exchanges. If we can get it listed on one of the non-chicom trading sites I suspect we'd witness a major spike in market cap. Maybe they don't want this yet but the project's over 10 years old no?

Lots of "major exchanges" are fraudsters.

They fake volume and want huge listing fees.

Coins are better off building themselves and getting naturally added to exchanges that aren't scum bags.  Look how long it took Binance to list Dogecoin.... lol puke. 

I don't think Dogecoin needed Binance either.  Exchanges are a nice lazy way to trade with people all over the world, but they really aren't "needed".

That being said, please come checkout my Namecoin exchange.  Our deposits count confirmations correctly and the withdrawals are all pretty much instantly processed on the blockchain.

Our liquidity is low right now, but that is just because we need users willing to say "I want to buy Namecoin at X price" or "I want to sell Namecoin at X price".  Having an exchange with liquidity is a wonderful way to sell a coin to other exchanges as well!

https://freebitcoins.com/xchange/market/Namecoin
full member
Activity: 196
Merit: 104
Has anyone managed to talk to the dev team? They clearly still post updates and latest release was just a couple months ago but outside of what they post on the site sometimes they seem rather quiet about the project.

Would be nice if they could address why NMC is not being carried on any major exchanges. If we can get it listed on one of the non-chicom trading sites I suspect we'd witness a major spike in market cap. Maybe they don't want this yet but the project's over 10 years old no?
member
Activity: 256
Merit: 60



I guess as long as NMC is irrelevant for creating Exchanges and Forums, everyone will be subjected to CoinEx and other Chi-Com offshore "Exchanges"


Tor Browser is talking more about Blockchains, but the technical requirements to stay safe online grows everyday, it does not diminish!


newbie
Activity: 5
Merit: 1
I did something similar to test them. They seem alright. Now I keep a good chunk of my NMC there for trading the swings and accumulating more. I also use their charts for most of my analysis for trading other coins.

OK then I won't convert to something withdrawable in panic, especially now that we're at a nice little loss. I just wanted to have 100 NMC. But then the wallet broke before I could get all of them.

If anybody wants to do a trade, 100 NMC for +5% market rate, payable in BTC or DOGE. Please feel free to PM me. I'll probably insist that you send first. Thanks.

If coinex do not reopen namecoin withdraw in a reasonable time, you will get the 100 namecoin from me (or an equivalent of it in another coin). Until they reopen withdraws you should not buy more namecoin there, do it elsewhere.
legendary
Activity: 3010
Merit: 8114
I did something similar to test them. They seem alright. Now I keep a good chunk of my NMC there for trading the swings and accumulating more. I also use their charts for most of my analysis for trading other coins.

OK then I won't convert to something withdrawable in panic, especially now that we're at a nice little loss. I just wanted to have 100 NMC. But then the wallet broke before I could get all of them.

If anybody wants to do a trade, 100 NMC for +5% market rate, payable in BTC or DOGE. Please feel free to PM me. I'll probably insist that you send first. Thanks.
legendary
Activity: 4004
Merit: 1250
Owner at AltQuick.com
High volume crypto exchanges and crypto coins are almost always scams... do NOT chase volume when looking for a market in this game! Tongue

FreeBitcoins.com exchange lets you get free Bitcoin to buy Namecoin and there are no withdrawal requirements.

The withdraw fee is 0.05 NMC atm, which is dust.

Withdrawals are basically processed instantly as well and your welcome to test that without actually making a deposit.

I've used Frei before, but in my bias opinion... FreeBitcoins is a much better website + much more attentive, known, and active staff.
newbie
Activity: 5
Merit: 1
Freiexchange and SouthExchange are good exchanges too.

There is no need for volume, highest volume is fake volume often. My quality measurement for exchanges is a low spread (the diff between highest bid and lowest ask).

If you need to buy (sell) on an low volume exchange, set a limit buy order (sell order) near the fair market price, and be patient for the execution.

I have trust into namecoin, so I have them, no more demand here.
full member
Activity: 196
Merit: 104
Any of you guys have much experience with CoinEx? They are by far the biggest market for NMC. So I made a deposit, did the trade, requested a withdrawal and then... sat and waited. And waited some more. After 5 hours I contacted support. They said I needed to re-do my email verification, so I did it, and sure enough the withdrawal went through.

That was encouraging enough to do a second deposit and now the NMC wallet is "down for maintenance."

Was I their only real NMC customer and its all fake volume or whats going on over there?
I did something similar to test them. They seem alright. Now I keep a good chunk of my NMC there for trading the swings and accumulating more. I also use their charts for most of my analysis for trading other coins. That said, the majority of my trading is done on Coinbase because you never know when these offshore exchanges could suddenly vanish.

Also, I don't think the low volume is an issue with Coinex and that it's more of an issue with NMC having an extremely low market cap. If we really want more volume we need to figure out how to get NMC on some bigger more well-known exchanges. I'm really surprised Coinbase doesn't have it because they have a ton of other coins and NMC is like the original altcoin.
newbie
Activity: 1
Merit: 0


Any of you guys have much experience with CoinEx? They are by far the biggest market for NMC. So I made a deposit, did the trade, requested a withdrawal and then... sat and waited. And waited some more. After 5 hours I contacted support. They said I needed to re-do my email verification, so I did it, and sure enough the withdrawal went through.

That was encouraging enough to do a second deposit and now the NMC wallet is "down for maintenance."

Was I their only real NMC customer and its all fake volume or whats going on over there?

I'm using them for years, and I trust them. The namecoin maintenance is bad luck, but I'm rather sure they reopen soon. My problem on them is firo/xzc, this wallet is on maintenance since months, all others went smoothly.


Have been hunting the blockchain for few weeks now. CoineX is the best exchange in that it does not does KYC. The first transfer has 24hrs wait, but after that my experience has been smooth.  If you need some NMC to register an expired name, happy to drop some to your wallet.
member
Activity: 256
Merit: 60

I personally do NOT trust them...........SouthxChange is good and Freiexchange but very low liquidity earlier this year it was easy to score a couple thousands shares of NMC but it's now hard just to get a couple hundred so it's not surprising to me that CoinEX would play games..........probably fake liquidity there..........CoinEx and Binance any Chi-Com exchange which requires ID's is a non-starter and China has Banned all crypto mining and TRANSACTIONS?Huh  So who wants to trust an Off-Shore Chi-Com Crypto exchange with their ID? 


SouthXchange is the one to use they have some kind of Market Maker there but you have to be Patient and wait set your price a couple hundred Satoshi above CoinEx Price and usually fills within a day ect.........


If it doesn't fill set it a couple hundred higher...........
newbie
Activity: 5
Merit: 1
Any of you guys have much experience with CoinEx? They are by far the biggest market for NMC. So I made a deposit, did the trade, requested a withdrawal and then... sat and waited. And waited some more. After 5 hours I contacted support. They said I needed to re-do my email verification, so I did it, and sure enough the withdrawal went through.

That was encouraging enough to do a second deposit and now the NMC wallet is "down for maintenance."

Was I their only real NMC customer and its all fake volume or whats going on over there?

I'm using them for years, and I trust them. The namecoin maintenance is bad luck, but I'm rather sure they reopen soon. My problem on them is firo/xzc, this wallet is on maintenance since months, all others went smoothly.
legendary
Activity: 4004
Merit: 1250
Owner at AltQuick.com
Any of you guys have much experience with CoinEx? They are by far the biggest market for NMC. So I made a deposit, did the trade, requested a withdrawal and then... sat and waited. And waited some more. After 5 hours I contacted support. They said I needed to re-do my email verification, so I did it, and sure enough the withdrawal went through.

That was encouraging enough to do a second deposit and now the NMC wallet is "down for maintenance."

Was I their only real NMC customer and its all fake volume or whats going on over there?

I don't.

In my experience there is a LOT of fake volume in the altcoin world... that's why we built our NMC/BTC exchange on FreeBitcoins.com.

I'd rather than real small shitty looking volume with real coin balances + withdrawals that work than... that. Tongue  We still need people offering to buy and sell namecoin, so traders can trade fast.  Getting liquidity is much more difficult than I expected!!! Tongue

I hope they get you fixed, but ick.

Stay on their ass and good luck.
legendary
Activity: 3010
Merit: 8114
Any of you guys have much experience with CoinEx? They are by far the biggest market for NMC. So I made a deposit, did the trade, requested a withdrawal and then... sat and waited. And waited some more. After 5 hours I contacted support. They said I needed to re-do my email verification, so I did it, and sure enough the withdrawal went through.

That was encouraging enough to do a second deposit and now the NMC wallet is "down for maintenance."

Was I their only real NMC customer and its all fake volume or whats going on over there?
full member
Activity: 486
Merit: 100
OK, I'm fomoing into an 11 y.o. coin.

I have a wallet somewhere with god knows how many NMC but I don't have time for that, must... get... in... now.

I appreciate the quick blockchain sync with the QT wallet.

There's an upcoming market for old coins as they are now considered digital collectibles and curios.

Namecoin Dot-Bit and "NFTs" can now be traded with Emblemvault on Opensea.

https://opensea.io/assets?search[collections][0]=emblem-vault-matic&search[collections][1]=emblem-vault&search[query]=namecoin (copy up to here)

https://desktopcommando.medium.com/what-is-emblemvault-14aaaff92a20

https://desktopcommando.medium.com/trading-namecoin-crypto-nfts-dot-bit-addresses-on-ethereum-virtual-machine-evm-networks-2cc0e7e1c607

Emblem vaults also have the ability to renew automatically as the blocks countdown past 1000 to expiry, keeping them renewed permanently as long as NMC is within the vault with it.

Soon our own Marketplace will be available to trade as a universal cryptocurrency/NFT marketplace DEX.
full member
Activity: 196
Merit: 104
Not sure where you got that number. My nmc node says 17692311.16437766 coins.

Maybe CoinMarketCap is wrong then: https://coinmarketcap.com/currencies/namecoin/

Either way the numbers are about within the same magnitude so the overall point doesn't change.
legendary
Activity: 3010
Merit: 8114
OK, I'm fomoing into an 11 y.o. coin.

I have a wallet somewhere with god knows how many NMC but I don't have time for that, must... get... in... now.

I appreciate the quick blockchain sync with the QT wallet.

There's an upcoming market for old coins as they are now considered digital collectibles and curios.
newbie
Activity: 19
Merit: 23
Not sure where you got that number. My nmc node says 17692311.16437766 coins.
full member
Activity: 196
Merit: 104
One thing I find interesting right now is how little supply of Namecoin there is for the price.

To put it in perspective a coin like Cardano has a circulating supply of 33,257,079,050 ADA and trades at about the same price as NMC right now ~$2

However, there's only a circulating supply of 14,736,400 NMC

That means Cardano is 2256.8 times more abundant. If NMC rose to the same market cap that would easily put it at thousands per coin.

I suspect people are holding off on hyping it up too much to build positions and waiting for it to return to a major exchange. It was popular on btc-e/wex but after they went down the coin has only been traded on lesser-known exchanges.

It's clear the devs are still active but it would be nice if they tried to increase frequency of dev posts a bit. Might help to build momentum while we petition to get it added to somewhere like Coinbase.
member
Activity: 256
Merit: 60


Namecoin integration into Bitcoin Core 22 wallet was only half way done.  Probably by June 2022 before full integration and ability to Buy and Renew DNS Names using the Namecoin Wallet Repository and wallet....

They have a 13.99 version wallet to buy and renew names till then..........
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