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Topic: NEM is struggling - page 3. (Read 382 times)

jr. member
Activity: 209
Merit: 1
Semi-Decentralized Exchange
February 01, 2019, 11:34:34 AM
#8
I do not want to believe that this project will be closed, because they have a strong team, they are constantly promoting their product in different countries, conclude partnership agreements, I think that everything will work out
full member
Activity: 840
Merit: 100
Oikos.cash | Decentralized Finance on Tron
February 01, 2019, 11:30:11 AM
#7
I think that in a few years this project will simply disappear and it will be just dead coins in your wallets. a few years they can not run a catapult
full member
Activity: 728
Merit: 131
February 01, 2019, 11:25:50 AM
#6
Quote
NEM is struggling
If we will talk about the market price then they really are.
But if we will see their development on different countries they are working hard and they are really rising.
They are not struggling instead they are performing well.
hero member
Activity: 2366
Merit: 504
February 01, 2019, 11:22:51 AM
#5
We've heard about exchanges and crypto projects cutting staff, and to some extent, we all assumed the sh*t projects would be going down under these testing conditions.  But NEM, a somewhat underrated project, has announced it's running out of funding.

https://cryptomenow.com/major-cryptocurrency-project-nem-only-has-a-month-of-runway-left/
This is a difficult truth for NEM. A huge investment of ETH 190,000 with the current price is very low, and it is not able to maintain a large machine that can overcome a long winter like an ice age. NEM was right when it cut 25% of its staff, which would reduce the cost of maintaining the company.
That's the company's fault. Look at binance and anyother ico that can generate profit from the platforms. NEM was creating a big mistake because they are not putting the main concern to the question how they can create such a useful application or platforms that can actively generate revenue to cover the operational of the platform.
jr. member
Activity: 200
Merit: 1
February 01, 2019, 10:53:43 AM
#4
Sad to hear about this. NEM is a good and successful project in its early stages. But it may have been affected too much from the bear market. Steemit is also a victim of this but it continues to work well.
full member
Activity: 664
Merit: 100
📱 CARTESI 📱 INFRASTRUCTURE FOR SCA
February 01, 2019, 10:53:15 AM
#3
We've heard about exchanges and crypto projects cutting staff, and to some extent, we all assumed the sh*t projects would be going down under these testing conditions.  But NEM, a somewhat underrated project, has announced it's running out of funding.

https://cryptomenow.com/major-cryptocurrency-project-nem-only-has-a-month-of-runway-left/
This is a difficult truth for NEM. A huge investment of ETH 190,000 with the current price is very low, and it is not able to maintain a large machine that can overcome a long winter like an ice age. NEM was right when it cut 25% of its staff, which would reduce the cost of maintaining the company.
jr. member
Activity: 574
Merit: 2
February 01, 2019, 10:50:25 AM
#2
I think everyone is struggling not just nem, but instead of causing panic
Why not work even harder and provide value to your product, it pushes price

Eth planned the update, to improve their product, and even though delayed, it still increased the total cap
Announcing shorts of fund could cause unnecessary panic
jr. member
Activity: 42
Merit: 3
January 31, 2019, 06:17:44 PM
#1
We've heard about exchanges and crypto projects cutting staff, and to some extent, we all assumed the sh*t projects would be going down under these testing conditions.  But NEM, a somewhat underrated project, has announced it's running out of funding.

https://cryptomenow.com/major-cryptocurrency-project-nem-only-has-a-month-of-runway-left/
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