[EXCHANGE]Nominex.io new trading platform with low fees and numerous instruments

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Information about DEX:

Code:

What is DEX?
Benefits of DEX
Key Nomiswap Features
Nomiswap benefits
Roadmap

DEX's mechanics:

Code:

Brief instruction for using DEX
Step by step instruction
Referral program
Ecosystem
Liquidity pools
About farming
Staking or Farming?

Source link: https://t.me/nominex_announcements/1279

Official website: https://nomiswap.io/
Twitter: https://twitter.com/Nomiswap
Telegram channel: https://t.me/nomiswap_news2
Telegram chat: https://t.me/nomi_swap

TVL (Total Value Locked): $46,368,782

klarki

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AMA with BSC Community [Friday, August 13, 2021]:
https://t.me/BinanceDEXchange/395581

Quote

Q: It seems like the Nominex platform has already implemented many product features. What is the general idea behind the creation of this project?

Code:

We understand that more and more new products are appearing on the crypto market

First, crypto exchanges, then DeFi, then NFTs

But at the same time, the essence is always the same - traders want to trade on favorable terms, passive income seekers want to receive stable rewards.

In the Nominex platform, we have combined both factors. This innovation was noticed and Nominex marked by
Binance Smart Chain as one of the Top-20 Most Valuable
Builders (https://www.binance.org/en/blog/the-mvbii-phase-two-meet-top-20-projects/).

Top 20 Projects:
https://www.binance.org/en/blog/the-mvbii-phase-two-meet-top-20-projects/

Quote

Q: Which of the nearest development plans are the most important?

Code:

First of all, it's about the launch of the Brokerage Program with Binance.

In short, using the preferences of the NMX token, traders will be able to trade on all of the Binance liquidity with minimal fees or no fees at all....

Q: How does it work?

Code:

We have a corporate account on Binance.

We'll use it to create isolated sub-accounts for each user registered with us.

When a user initiates the procedure for replenishing the balance on Nominex, he is in fact provided with the wallet address on the Binance sub-account that corresponds to this user.

Furthermore, when a user trades on Nominex, he sees all the orders and all the currencies that are available on Binance

When creating an order on Nominex, we, in turn, recreate it via the API on Binance on behalf of the sub-account of the user who created the order.

Orders are matched on the Binance side. We, in turn, display data on our side and provide users with a trading interface.

Full info:
https://t.me/BinanceDEXchange/395581

lifeOK

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Quote from: holydarkness on October 13, 2020, 11:49:05 PM

Quote from: Twinkledoe on October 13, 2020, 06:45:05 PM

That's quite achievement for relatively new exchange. Congrats! I hope you will gain more traders as I'm seeing that in the near future I will use your exchange as the liquidity is quite good. But I am wondering if your NMX token is to be converted as DeFi token, will the target price still at $1? Or it may increase according to the demand? Is this going to be backed by real assets?

USD 1 for each NMX was not the base price, it was a discounted price. Their price increases on each sale stage, started from 0.4 last April, and planned to be 1.3 by January. This price plan will certainly change in reflect to the decision to go DeFi, but I think they'll set the target to be at least 1.3

It's quite a while I've heard MNX will become DeFi. As a Nominexians I'm truly glad to hear the news and after that hanging tight with NMX listing on exchange for trading. It will be soon but for now there is no exact date. I already joined and keep watching if their price increases after sale stage.

holydarkness

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Quote from: Twinkledoe on October 13, 2020, 06:45:05 PM

That's quite achievement for relatively new exchange. Congrats! I hope you will gain more traders as I'm seeing that in the near future I will use your exchange as the liquidity is quite good. But I am wondering if your NMX token is to be converted as DeFi token, will the target price still at $1? Or it may increase according to the demand? Is this going to be backed by real assets?

USD 1 for each NMX was not the base price, it was a discounted price. Their price increases on each sale stage, started from 0.4 last April, and planned to be 1.3 by January. This price plan will certainly change in reflect to the decision to go DeFi, but I think they'll set the target to be at least 1.3

NominexExchange

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Activity: 81

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Quote from: Twinkledoe on October 13, 2020, 06:45:05 PM

Quote from: NominexExchange on October 13, 2020, 06:36:48 PM

Quote from: Flangler on August 28, 2020, 06:19:45 AM

Quote from: ChrisPop on August 26, 2020, 02:08:49 PM

Quote from: btcholder on August 22, 2020, 05:12:55 PM

Yeah, very long process. I don't know investors will invest on their money for this much long time or not. Cause most of investors (specially early birds investors) invest on projects for earn some good profit after listing coin. Of course i know make a good quality project is not a easy task and it take some times. But this is much longer than expected. Hope project team have much interesting idea to attractive investors.

The trading fees are lower than Binance's if I am not mistaken. A lot of the purchases should come from traders who want to lower their fees. Plus, affiliates need NMX to advance in referral level to unlock higher tier bonuses.
In conclusion I don't think most of the funds contributed will come from speculation (although it is very enticing), but from the actual use-case of the token.

I just hope that the exchange operations can be sustained from the generated volume. Currently they are generating around $1M/day which should translate (with an average of 0.02% fee/trade) into $200/day = $6000/month. I'm sure the volume will increase once trading bots/APIs are introduced + the futures.

Their token is overpriced too much with a total supply of 200KK the same as Binance. They are selling it for 1$ per one or even more while binance sold theirs for 0.1 per one.
If you actually try their exchange you will see how bad it performance is. It is lagging a lot of the time, sometimes you have to wait over 5 min just to open the website.
Plus 50% of tokens are in devs pocket. As I calculated to mainaint the 1$ price per token they would have to be at the bottom on top 100 cmc which is impossible with current exchange.
If the exchange is lagging with that few users what will happen if more join? Do not hate me for that I'm always trying to say the truth beacuse there is no other way.

Yes, we have some bugs, but we fix it fast. With each day our exchange becomes faster and more stable.
By the way, we're already in Top-50 on CoinMarketCap Wink

That's quite achievement for relatively new exchange. Congrats! I hope you will gain more traders as I'm seeing that in the near future I will use your exchange as the liquidity is quite good. But I am wondering if your NMX token is to be converted as DeFi token, will the target price still at $1? Or it may increase according to the demand? Is this going to be backed by real assets?

Thank you for your words! We won't stop to grow in this rate.
More details about the price will come closer to the conversion to DeFi. Follow our updates in our Telegram channel – https://t.me/nominex_announcements Wink

NominexExchange

copper member

Activity: 81

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Quote from: Flangler on September 23, 2020, 05:43:52 AM

The exchange has improved. I have tested it recently and the lags disappeared. Good job

Happy to hear it, thank you for your support!

NominexExchange

copper member

Activity: 81

Merit: 1

Quote from: welovedcrypto on September 21, 2020, 01:15:01 PM

Haye guys when NMX will start trading? to
You guys should change "Year Established" from 219 to 2019 on coingecko Grin

https://www.coingecko.com/en/exchanges/nominex#about

NMX will be listed soon, right after convertation to DeFi.

Thank you for bringing it to our attention Grin

We will edit info on CoinGecko soon.

Twinkledoe

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Activity: 1904

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★Bitvest.io★ Play Plinko or Invest!

Quote from: NominexExchange on October 13, 2020, 06:36:48 PM

Quote from: Flangler on August 28, 2020, 06:19:45 AM

Quote from: ChrisPop on August 26, 2020, 02:08:49 PM

Quote from: btcholder on August 22, 2020, 05:12:55 PM

Yeah, very long process. I don't know investors will invest on their money for this much long time or not. Cause most of investors (specially early birds investors) invest on projects for earn some good profit after listing coin. Of course i know make a good quality project is not a easy task and it take some times. But this is much longer than expected. Hope project team have much interesting idea to attractive investors.

The trading fees are lower than Binance's if I am not mistaken. A lot of the purchases should come from traders who want to lower their fees. Plus, affiliates need NMX to advance in referral level to unlock higher tier bonuses.
In conclusion I don't think most of the funds contributed will come from speculation (although it is very enticing), but from the actual use-case of the token.

I just hope that the exchange operations can be sustained from the generated volume. Currently they are generating around $1M/day which should translate (with an average of 0.02% fee/trade) into $200/day = $6000/month. I'm sure the volume will increase once trading bots/APIs are introduced + the futures.

Their token is overpriced too much with a total supply of 200KK the same as Binance. They are selling it for 1$ per one or even more while binance sold theirs for 0.1 per one.
If you actually try their exchange you will see how bad it performance is. It is lagging a lot of the time, sometimes you have to wait over 5 min just to open the website.
Plus 50% of tokens are in devs pocket. As I calculated to mainaint the 1$ price per token they would have to be at the bottom on top 100 cmc which is impossible with current exchange.
If the exchange is lagging with that few users what will happen if more join? Do not hate me for that I'm always trying to say the truth beacuse there is no other way.

Yes, we have some bugs, but we fix it fast. With each day our exchange becomes faster and more stable.
By the way, we're already in Top-50 on CoinMarketCap Wink

That's quite achievement for relatively new exchange. Congrats! I hope you will gain more traders as I'm seeing that in the near future I will use your exchange as the liquidity is quite good. But I am wondering if your NMX token is to be converted as DeFi token, will the target price still at $1? Or it may increase according to the demand? Is this going to be backed by real assets?

NominexExchange

copper member

Activity: 81

Merit: 1

Quote from: jovan85 on September 15, 2020, 04:40:41 PM

I saw on your website:
365 Days of NMX Distribution
NMX token powers the whole Nominex exchange giving the ultimate benefits to all NMX holders

Explore multiple ways of receiving NMX Token and make a choice!

So we need buy and hold to get reward?how long we need hold?After 365 days or we can get reward if we hold all 365 days

Very soon, with a conversion of NMX into DeFi, we will announce staking and farming. Stay tuned and follow our Telegram announcements channel – https://t.me/nominex_announcements.

NominexExchange

copper member

Activity: 81

Merit: 1

Quote from: holydarkness on September 01, 2020, 02:24:21 PM

Quote from: Flangler on August 28, 2020, 06:19:45 AM

Quote from: ChrisPop on August 26, 2020, 02:08:49 PM

Quote from: btcholder on August 22, 2020, 05:12:55 PM

Yeah, very long process. I don't know investors will invest on their money for this much long time or not. Cause most of investors (specially early birds investors) invest on projects for earn some good profit after listing coin. Of course i know make a good quality project is not a easy task and it take some times. But this is much longer than expected. Hope project team have much interesting idea to attractive investors.

The trading fees are lower than Binance's if I am not mistaken. A lot of the purchases should come from traders who want to lower their fees. Plus, affiliates need NMX to advance in referral level to unlock higher tier bonuses.
In conclusion I don't think most of the funds contributed will come from speculation (although it is very enticing), but from the actual use-case of the token.

I just hope that the exchange operations can be sustained from the generated volume. Currently they are generating around $1M/day which should translate (with an average of 0.02% fee/trade) into $200/day = $6000/month. I'm sure the volume will increase once trading bots/APIs are introduced + the futures.

Their token is overpriced too much with a total supply of 200KK the same as Binance. They are selling it for 1$ per one or even more while binance sold theirs for 0.1 per one.
If you actually try their exchange you will see how bad it performance is. It is lagging a lot of the time, sometimes you have to wait over 5 min just to open the website.

Thank you for your support! We think about stable coin and NMX will be converted soon to DeFi. We hope that it will have a positive effect to our token's price.
Plus 50% of tokens are in devs pocket. As I calculated to mainaint the 1$ price per token they would have to be at the bottom on top 100 cmc which is impossible with current exchange.
If the exchange is lagging with that few users what will happen if more join? Do not hate me for that I'm always trying to say the truth beacuse there is no other way.

If I may pitch in, determining rate as 1 NMX for 1 USD will not be impossible if they apply a stablecoin system. That way, not only they will be able to maintain the rate, butnit will also be a competitive advantage to encourage people to use the site.

Other method will be the old school burning method. If they burn certain percentage of token utilized as fees payment, slowly the total supply will decrease and price will likely goes up.

NominexExchange

copper member

Activity: 81

Merit: 1

Quote from: Flangler on August 28, 2020, 06:19:45 AM

Quote from: ChrisPop on August 26, 2020, 02:08:49 PM

Quote from: btcholder on August 22, 2020, 05:12:55 PM

Yeah, very long process. I don't know investors will invest on their money for this much long time or not. Cause most of investors (specially early birds investors) invest on projects for earn some good profit after listing coin. Of course i know make a good quality project is not a easy task and it take some times. But this is much longer than expected. Hope project team have much interesting idea to attractive investors.

The trading fees are lower than Binance's if I am not mistaken. A lot of the purchases should come from traders who want to lower their fees. Plus, affiliates need NMX to advance in referral level to unlock higher tier bonuses.
In conclusion I don't think most of the funds contributed will come from speculation (although it is very enticing), but from the actual use-case of the token.

I just hope that the exchange operations can be sustained from the generated volume. Currently they are generating around $1M/day which should translate (with an average of 0.02% fee/trade) into $200/day = $6000/month. I'm sure the volume will increase once trading bots/APIs are introduced + the futures.

Their token is overpriced too much with a total supply of 200KK the same as Binance. They are selling it for 1$ per one or even more while binance sold theirs for 0.1 per one.
If you actually try their exchange you will see how bad it performance is. It is lagging a lot of the time, sometimes you have to wait over 5 min just to open the website.
Plus 50% of tokens are in devs pocket. As I calculated to mainaint the 1$ price per token they would have to be at the bottom on top 100 cmc which is impossible with current exchange.
If the exchange is lagging with that few users what will happen if more join? Do not hate me for that I'm always trying to say the truth beacuse there is no other way.

Yes, we have some bugs, but we fix it fast. With each day our exchange becomes faster and more stable.
By the way, we're already in Top-50 on CoinMarketCap Wink

NominexExchange

copper member

Activity: 81

Merit: 1

Quote from: ChrisPop on August 26, 2020, 02:08:49 PM

Quote from: btcholder on August 22, 2020, 05:12:55 PM

Yeah, very long process. I don't know investors will invest on their money for this much long time or not. Cause most of investors (specially early birds investors) invest on projects for earn some good profit after listing coin. Of course i know make a good quality project is not a easy task and it take some times. But this is much longer than expected. Hope project team have much interesting idea to attractive investors.

The trading fees are lower than Binance's if I am not mistaken. A lot of the purchases should come from traders who want to lower their fees. Plus, affiliates need NMX to advance in referral level to unlock higher tier bonuses.
In conclusion I don't think most of the funds contributed will come from speculation (although it is very enticing), but from the actual use-case of the token.

I just hope that the exchange operations can be sustained from the generated volume. Currently they are generating around $1M/day which should translate (with an average of 0.02% fee/trade) into $200/day = $6000/month. I'm sure the volume will increase once trading bots/APIs are introduced + the futures.

By the way, we have a lot of activities: for example daily demo and real tournaments, where you can win USDT and NMX for free. You can fully pay with won NMX for trading comission and, in that way, won't pay for comission on the Nominex exchange.

NominexExchange

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Activity: 81

Merit: 1

Quote from: btcholder on August 22, 2020, 05:12:55 PM

Quote from: onecall123 on August 22, 2020, 11:12:57 AM

Quote from: indo1 on August 21, 2020, 07:02:54 AM

Quote from: btcholder on August 20, 2020, 04:45:32 PM

Quote from: Twinkledoe on August 19, 2020, 09:50:00 PM

I was looking at the trading pairs on their exchange but NMX is not yet traded. So I am wondering how can they determine its value as about $1 or is that their target price once it is listed on their exchange? Also, I found this on their website that it will be listed after their distribution and since the distribution will end about 244 days, does it mean that you will see the NMX token after about 244 days? That's a long wait though.

I also checked and found the same thing. I don't understand which kind of strategy they follow for their token sale and token listing. If they want to listed their native token after distribution then i don't think people will show their interest on it very much. It's a too long process and who knows token value will be the same as they assumed.

we cannot confirm the price of their token later after the NMX trading has started, it could be higher or lower, the price they assume is $ 1 I don't know how they will stabilize the price of the NMX token later, let's wait for that to happen and take a look at their final result

As they've stated that NMX token costs less in the beginning stage of token distribution and the price steadily grows up. We're stage 4 right now, on there final stage price will transform into $1.3 against each Nominex token (NMX). However, It's very long process, till then we must wait.

Yeah, very long process. I don't know investors will invest on their money for this much long time or not. Cause most of investors (specially early birds investors) invest on projects for earn some good profit after listing coin. Of course i know make a good quality project is not a easy task and it take some times. But this is much longer than expected. Hope project team have much interesting idea to attractive investors.

NMX token will be listed earlier. Now we changed our strategy into DeFi, it will be listed very soon after NMX will be converted. Follow our announcements in Telegram for updates.

24Kt

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Quote from: holydarkness on September 30, 2020, 12:15:57 PM

Quote from: welovedcrypto on September 21, 2020, 01:15:01 PM

Haye guys when NMX will start trading? to
You guys should change "Year Established" from 219 to 2019 on coingecko Grin

https://www.coingecko.com/en/exchanges/nominex#about

It'll be after token distribution on April 2021, the first exchange will be on themselves, and then expansion to other exchanges will be considered. Source: telegram channel

I think this will be good news for those NMX holders. From their telegram channel -

Their token will be converted to DeFi token, I don't know what it will mean to their holders. Will the set price be respected? We don't know once it is trading in the exchange.

holydarkness

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Activity: 2632

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Yes, I'm an asshole

Quote from: welovedcrypto on September 21, 2020, 01:15:01 PM

Haye guys when NMX will start trading? to
You guys should change "Year Established" from 219 to 2019 on coingecko Grin

https://www.coingecko.com/en/exchanges/nominex#about

It'll be after token distribution on April 2021, the first exchange will be on themselves, and then expansion to other exchanges will be considered. Source: telegram channel

Flangler

member

Activity: 963

Merit: 57

The exchange has improved. I have tested it recently and the lags disappeared. Good job

welovedcrypto

member

Activity: 422

Merit: 52

Haye guys when NMX will start trading? to
You guys should change "Year Established" from 219 to 2019 on coingecko Grin

https://www.coingecko.com/en/exchanges/nominex#about

ibuddy122505

sr. member

Activity: 1066

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Quote from: holydarkness on September 17, 2020, 01:14:11 PM

Quote from: jovan85 on September 15, 2020, 04:40:41 PM

I saw on your website:
365 Days of NMX Distribution
NMX token powers the whole Nominex exchange giving the ultimate benefits to all NMX holders

Explore multiple ways of receiving NMX Token and make a choice!

So we need buy and hold to get reward?how long we need hold?After 365 days or we can get reward if we hold all 365 days

There are ways to receive NMX token, like referral and demo tournament. NMX themselves will be available for trade after distribution completed in April 2021, although you can start buying them from now on

Yes! Nominex team are offering FREE NMX token to their participants through their quest programs. Those who want cheap NMX then buy it now, cause the price roads to $1.1 each after couple of hours. Make your best investment today, don’t blow it.

holydarkness

legendary

Activity: 2632

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Quote from: jovan85 on September 15, 2020, 04:40:41 PM

I saw on your website:
365 Days of NMX Distribution
NMX token powers the whole Nominex exchange giving the ultimate benefits to all NMX holders

Explore multiple ways of receiving NMX Token and make a choice!

So we need buy and hold to get reward?how long we need hold?After 365 days or we can get reward if we hold all 365 days

There are ways to receive NMX token, like referral and demo tournament. NMX themselves will be available for trade after distribution completed in April 2021, although you can start buying them from now on

NominexExchange

copper member

Activity: 81

Merit: 1

Hey there,

We really hope you're enjoying Nominex trading tournaments, bounty quests, referral bonuses, demo modes and so on.

But you have the power to make us even better! 💪

Share your Nominex experience on TrustPilot ⭐️ and we'll give you 5 NMX and our word to continue doing our best for each and every user of our exchange! ✋

🌐 Details are available here

Thanks, we do appreciate it ❤️

Topic: [EXCHANGE]Nominex.io new trading platform with low fees and numerous instruments (Read 1927 times)