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
Topic: [EXCHANGE]Nominex.io new trading platform with low fees and numerous instruments - page 2. (Read 1927 times)
September 15, 2020, 04:40:41 PM
September 07, 2020, 09:45:26 AM
Unless, they will set the sell limit in their exchange like 1 USDT. This is interesting how they can maintain the price once they are already in trading.
If the team sets a sell limit in 1 USDT, it will better to make NMX as a stable coin, so they can control the price. But, AFAIK, 1 USDT is the current sale price, it means, the team will not do that. I believe the team will not do this to maintain the credibility of the service and the company. As I said, when the exchange sets the price limit and plays with the price of its own token/coin, it will be a negative value for the service. This speculation of yours could be misunderstood by other members, who think that the price of the NMX will be set by the team.
September 02, 2020, 03:54:18 AM
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 = $6000/month. I'm sure the volume will increase once trading bots/APIs are introduced + the futures.
If you actually try their exchange you will see how bad it performance is. It is lagging a lot of the time, sometimes you have to wait over 5 min just to open the website.
Plus 50% of tokens are in devs pocket. As I calculated to mainaint the 1$ 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.
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.
That is the hard challenge for tokens or alts that wanted to set a specific value for their coin. Once they are in trading, you will have no control to what the traders will sell it to. Unless, they will set the sell limit in their exchange like 1 USDT. This is interesting how they can maintain the price once they are already in trading. As a new exchange without KYC when you are transacting below 3BTC daily, I am eyeing this to use in the future.
September 01, 2020, 02:24:21 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 = $6000/month. I'm sure the volume will increase once trading bots/APIs are introduced + the futures.
If you actually try their exchange you will see how bad it performance is. It is lagging a lot of the time, sometimes you have to wait over 5 min just to open the website.
Plus 50% of tokens are in devs pocket. As I calculated to mainaint the 1$ 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.
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.
August 29, 2020, 12:46:22 PM
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 is 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 for that I'm always trying to say the truth beacuse there is no other way.
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 is 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 for that I'm always trying to say the truth beacuse there is no other way.
I have noticed the lag too, but for me it never took me more than a few seconds to open pages on the website. I haven't used the exchange intensively, but I'm planning to in the next few days.
The offering started with the price of 0.4 USD per token so only 4 times the BNB ICO. I also don't think the whole 200M will be distributed, not even close. I don't think they will be able to sell the whole 80M NMX. So I expect the total supply to be around 120M-140M while 100M owned by the team.
August 28, 2020, 06:19:45 AM
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 = $6000/month. I'm sure the volume will increase once trading bots/APIs are introduced + the futures.
If you actually try their exchange you will see how bad it performance is. It is lagging a lot of the time, sometimes you have to wait over 5 min just to open the website.
Plus 50% of tokens are in devs pocket. As I calculated to mainaint the 1$ 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.
August 26, 2020, 02:08:49 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.
August 25, 2020, 04:40:34 AM
The Real Tournaments are finally here! ⚔️
From now on you can win your first real money on Nominex💰
Show off your trading skills, be the best and earn our real prize!
Unlike any other trading arena, ours won’t be time-limited, so you can participate every day.
Check the rules and get back to Nominex 👌
August 24, 2020, 06:11:02 AM
⚡️Announcement!
Nominex has listed two coins TFB and BAND at a time.
Now our users can deposit or trade BAND/BTC, BAND/USDT and TFB/USDT pairs 📈
By the way, you get free NMX tokens for trading on Nominex. How much did you get so far? 😏
August 22, 2020, 05:12:55 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.
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.
August 22, 2020, 11:12:57 AM
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.
August 21, 2020, 07:02:54 AM
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.
August 21, 2020, 06:48:44 AM
🔊 Long-awaited New Bounty Quests!
Four more were added to the list:
🖊 Bitcoin and CryptoTalk Forum Quest - be an active forum user and get a special bonus for that.
✈️ Telegram Quest - maximum rewards for being active in our chats, helping newcomers and discussing project news
❓Quora Quest - answer and create questions yourself earning NMX coins at the same time
Previous Bounty quests are still available:
🎬 Video quest - record a video about how cool it is to trade on the Nominex exchange, and get NMX tokens!
📹 Stories quest - your phone is all you need to get up to 45 NMX tokens! Capture a story and get a generous reward.
🖊 Social Media quest - tell your community what you think about Nominex and get a lot of goodies.
👥 Referral quest - get tokens and a new topic for conversation with friends, teaching them how to use Nominex.
Choose the quests you like and go ahead - rewards are waiting for you! All details are here.
August 20, 2020, 10:49:44 PM
And I tried to flip through the previous pages to see if there is any information regarding token supply but I don't think I read anything of such, can you be kind enough to tell me what is supply - max supply of nmx tokens, and I also understand trading on nmx will occur till 2021, this is a bit too long in my opinion.
The total supply of NMX tokens is 200,000,000 NMX. The allocations are as follows:Total tokens: 200,000,000
Token distribution: 50% - 100,000,000
Funding Team: 10% - 20,000,000
Operational fund: 30% - 60,000,000
Reserve fund - 10% - 20,000,000
More detailed information can be found in white paper.
August 20, 2020, 04:45:32 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.
August 20, 2020, 01:09:53 PM
A couple of simple questions: do I got it correctly that we only need to provide and verify an email address to have limitless deposit and 3BTC/daily withdrawal limit?
Are nmx tokens traded on your exchange as any other coin?
Are nmx tokens traded on your exchange as any other coin?
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.
-
Thanks for your help , do you know something about my first question (3BTC widrawal allowed daily just by verifying email address)?
Yes, 3btc/day without KYC, just email verification. Higher limit than Binance, right? If you upgrade to next level, you need to enable 2FA, which has limit of 100btc per day. I don't think most of us can have the 100 btc a day.
And their trading volume seems increasing. So a promising exchange in my opinion. August 20, 2020, 05:22:10 AM
A couple of simple questions: do I got it correctly that we only need to provide and verify an email address to have limitless deposit and 3BTC/daily withdrawal limit?
Are nmx tokens traded on your exchange as any other coin?
Are nmx tokens traded on your exchange as any other coin?
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.
-
Thanks for your help , do you know something about my first question (3BTC widrawal allowed daily just by verifying email address)?
Yes, 3btc/day without KYC, just email verification. Higher limit than Binance, right? If you upgrade to next level, you need to enable 2FA, which has limit of 100btc per day. I don't think most of us can have the 100 btc a day.
And their trading volume seems increasing. So a promising exchange in my opinion. 
August 20, 2020, 01:24:35 AM
A couple of simple questions: do I got it correctly that we only need to provide and verify an email address to have limitless deposit and 3BTC/daily withdrawal limit?
Are nmx tokens traded on your exchange as any other coin?
Are nmx tokens traded on your exchange as any other coin?
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.
Thanks for your help , do you know something about my first question (3BTC widrawal allowed daily just by verifying email address)?
August 19, 2020, 09:50:00 PM
A couple of simple questions: do I got it correctly that we only need to provide and verify an email address to have limitless deposit and 3BTC/daily withdrawal limit?
Are nmx tokens traded on your exchange as any other coin?
Are nmx tokens traded on your exchange as any other coin?
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.
August 19, 2020, 03:36:17 PM
And I tried to flip through the previous pages to see if there is any information regarding token supply but I don't think I read anything of such, can you be kind enough to tell me what is supply - max supply of nmx tokens, and I also understand trading on nmx will occur till 2021, this is a bit too long in my opinion.
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