NMX Nominex token - page 4. | Bitcointalksearch.org

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Quote from: bakasabo on September 17, 2021, 04:40:48 AM

Can someone also explain what has happened in the beginning of July? Before that, token price only rose. But on July 9 there is a huge dump and after that the only think token price did was falling down. This does not come together with their plans of becoming a Binance broker. They plan to release first version of brokers program by the end of September. This is a highly positive news, but the price reacts opposite. That is what worries me.

It's hard to really explain, when the market is going down, NMX is doing better in the market, now that the market is changing direction and going up NMX is going the opposite, I think it's time to do another round of marketing, although they are still young in the industry, they need to keep the momentum going I thought when it hit the $7 mark it will reach 2 digits, unfortunately, it did not happen.

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Quote from: nira09 on September 24, 2021, 06:13:15 PM

Quote from: tippytoes on September 16, 2021, 07:32:07 PM

Quote from: mandor on September 16, 2021, 07:06:45 PM

Few hours ago, I see NMX token in his very bad price, NMX token even hit 0.5 USDT for each. It wouldn't be worthless that easily would it?
People in the telegram group are looking for information about this, but I saw the admin giving a response about this via private message, have we reached the end of the life of this nominex token?

I was in shocked also, what is happening? I was part of their campaign so I am also holding some of NMX tokens and getting their daily tokens from my allotment. I hope this exchange will not be closing soon. They are also not active in the forum so what we can do is keep an eye on their social media channels and let's find out what's happening on their site.

I don't think the Nominex exchange will be closing soon, Although there has been some fake trading volume and it doesn't have a sizeable trading volume yet, but recently Gems Radar included Nominex in some DeFi gems that might be in the spotlight in Q4, 2021.

Fake trading volume is pretty much common in these, so that isn't so alarming. And there's BBP stage one coming soon, so things are looking very real now. Anyone that had low buy orders on the drop is probably very happy right now.

TimeTeller

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Quote from: nira09 on September 24, 2021, 06:13:15 PM

I don't think the Nominex exchange will be closing soon, Although there has been some fake trading volume and it doesn't have a sizeable trading volume yet, but recently Gems Radar included Nominex in some DeFi gems that might be in the spotlight in Q4, 2021.

We can't get direct statement from the team here because they are not active.
I am not also familiar with their social media channels if they are more open with communication to their followers.
But I have seen this token rose above $7 each token and slowly it goes down, when a lot of tokens are going up.
Maybe, people are just expecting too much, where initially the team is really targeting the value of $1 on their token.
And when Binance strictly enforce KYC to all their users, some of their users will look for alternative options.

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Quote from: tippytoes on September 16, 2021, 07:32:07 PM

Quote from: mandor on September 16, 2021, 07:06:45 PM

Few hours ago, I see NMX token in his very bad price, NMX token even hit 0.5 USDT for each. It wouldn't be worthless that easily would it?
People in the telegram group are looking for information about this, but I saw the admin giving a response about this via private message, have we reached the end of the life of this nominex token?

I was in shocked also, what is happening? I was part of their campaign so I am also holding some of NMX tokens and getting their daily tokens from my allotment. I hope this exchange will not be closing soon. They are also not active in the forum so what we can do is keep an eye on their social media channels and let's find out what's happening on their site.

I don't think the Nominex exchange will be closing soon, Although there has been some fake trading volume and it doesn't have a sizeable trading volume yet, but recently Gems Radar included Nominex in some DeFi gems that might be in the spotlight in Q4, 2021.

bakasabo

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Can someone also explain what has happened in the beginning of July? Before that, token price only rose. But on July 9 there is a huge dump and after that the only think token price did was falling down. This does not come together with their plans of becoming a Binance broker. They plan to release first version of brokers program by the end of September. This is a highly positive news, but the price reacts opposite. That is what worries me.

tippytoes

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Quote from: mandor on September 16, 2021, 07:06:45 PM

Few hours ago, I see NMX token in his very bad price, NMX token even hit 0.5 USDT for each. It wouldn't be worthless that easily would it?
People in the telegram group are looking for information about this, but I saw the admin giving a response about this via private message, have we reached the end of the life of this nominex token?

I was in shocked also, what is happening? I was part of their campaign so I am also holding some of NMX tokens and getting their daily tokens from my allotment. I hope this exchange will not be closing soon. They are also not active in the forum so what we can do is keep an eye on their social media channels and let's find out what's happening on their site.

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Few hours ago, I see NMX token in his very bad price, NMX token even hit 0.5 USDT for each. It wouldn't be worthless that easily would it?
People in the telegram group are looking for information about this, but I saw the admin giving a response about this via private message, have we reached the end of the life of this nominex token?

cryptoperkele

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Quote from: Suke_Teki on August 16, 2021, 05:49:39 PM

How could someone manipulate the price so easily? This could be due to the reduced market interest in the NMX token, more good news is needed to raise the price.

You are correct. And new people are getting confused as they don't know how to read the orderbook action to see that most of nmx/usd trades there the trades are faked volume. So they see volume as a market interest. Fake volume is kinda frustating but not at all unusual on exchanges that don't have enough liquidity to to attract people.

Quote from: Suke_Teki on August 16, 2021, 05:49:39 PM

Why is the Nominex team not so active in adding new tokens to their exchange? wouldn't adding new tokens in the exchange attract new traders and increase users and trading volume?

This is because they are waiting for the binance broker program to kick in (it should have started already), where they get all the binance pairs they want instantly.

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Quote from: Suke_Teki on August 16, 2021, 05:49:39 PM

How could someone manipulate the price so easily? This could be due to the reduced market interest in the NMX token, more good news is needed to raise the price.
Why is the Nominex team not so active in adding new tokens to their exchange? wouldn't adding new tokens in the exchange attract new traders and increase users and trading volume?

Addition of new tokens with good foundation would be good to add more interest from traders. I'm keeping tab also with their developments as I'm holder of NMX tokens owed to their bounty program. Wondering why there is continuous slide on its price considering that btc is doing good in the market. Maybe some farmers are pulling out their tokens and selling it???

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How could someone manipulate the price so easily? This could be due to the reduced market interest in the NMX token, more good news is needed to raise the price.
Why is the Nominex team not so active in adding new tokens to their exchange? wouldn't adding new tokens in the exchange attract new traders and increase users and trading volume?

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Quote from: Twinkledoe on August 08, 2021, 02:16:38 AM

And are they really sure that there's a group of people manipulating the price? I just checked today and their price is continuously going down. Bitcoin and other popular alts are on the rise, whereas, NMX is going down. Something is wrong with this situation. NMX team should offer another promotional activity to gain the interest of traders or followers. Otherwise, even their ranking is going down, from about 200+ and now down to 344, which is not a very encouraging scenario to its investors. I don't know if it will have impact in terms of other trading pairs on their market.

That wasn't my point. Markets should decide the price anyway. If someone can manipulate it, major supply is managed by few and price shouldn't be up anyway because it was pumped. I founded it weirder that the price sustained when literally everything else was dumping. Somehow admins weren't bothered to tell then that the price was manipulated and we should be careful.

Oh no, now they tell us to be careful when the price is down. They don't seem to care about manipulation itself, they only call it manipulation when the price goes down.

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Quote from: cryptoperkele on August 01, 2021, 07:22:41 AM

Quote from: robelneo on August 01, 2021, 01:44:46 AM

There's no issue that I can think of that might harm the price, but the pump was the cause of the increased APY they have a promotion campaign for those who want to farm, and whales take the opportunity, but when the promo ended the prize started to drop, I cannot trade my stakes because it is locked, I was able to trade my remaining Nominex token that was released, to USDT to protect my profit, I just hope they will continue doing promo and marketing, they need to keep up the exchange industry has stiff competition.

Most alarming thing on the price drop is that Nominex staff keeps commenting in their telegram channel with their official statements, telling that there's a group of people trying manipulating the price. Constantly commenting on the price movements of an utility token and trying to control it is a huge red flag on any regulated space. I am not sure if this is something Russian regulators would allow but anywhere else in the world regulators would frown on this behavior.

They should just shut up about the price and i would feel lot of more confident with this.

And are they really sure that there's a group of people manipulating the price? I just checked today and their price is continuously going down. Bitcoin and other popular alts are on the rise, whereas, NMX is going down. Something is wrong with this situation. NMX team should offer another promotional activity to gain the interest of traders or followers. Otherwise, even their ranking is going down, from about 200+ and now down to 344, which is not a very encouraging scenario to its investors. I don't know if it will have impact in terms of other trading pairs on their market.

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Quote from: robelneo on August 01, 2021, 01:44:46 AM

There's no issue that I can think of that might harm the price, but the pump was the cause of the increased APY they have a promotion campaign for those who want to farm, and whales take the opportunity, but when the promo ended the prize started to drop, I cannot trade my stakes because it is locked, I was able to trade my remaining Nominex token that was released, to USDT to protect my profit, I just hope they will continue doing promo and marketing, they need to keep up the exchange industry has stiff competition.

Most alarming thing on the price drop is that Nominex staff keeps commenting in their telegram channel with their official statements, telling that there's a group of people trying manipulating the price. Constantly commenting on the price movements of an utility token and trying to control it is a huge red flag on any regulated space. I am not sure if this is something Russian regulators would allow but anywhere else in the world regulators would frown on this behavior.

They should just shut up about the price and i would feel lot of more confident with this.

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Quote from: CaVO32 on July 31, 2021, 05:36:08 PM

Quote from: robelneo on July 31, 2021, 09:22:09 AM

I can certify that this is a good exchange, I participated in their bounty campaign, my token reward coming from bounty are locked in Nominex for a year and they release a small portion daily, I can recommend this exchange based on my experience, they have a goods support and withdrawal always comes to my wallet on time, I just notice just this last 6 days that the value is going down when Bitcoin was going down NMX token is one of the tokens that was pumping.

Nominex (NMX)
₱197.88 -20.5%
0.00009523 BTC -25.9%
0.01197811 BNB -25.7%

Quite alarming for token holders like me on the positive side liquidity is still high.

But I am seeing opposite here, NMX's price going down as BTC's price is going up. We are already in the $41k level, so supposedly NMX price is going up also. But the price of NMX keeps on going down instead. So curious what is happening to this token? Is there some bad news from their end? Maybe it will go back to $1, which was their target value before. That's not very good for those who are farming this token.

There's no issue that I can think of that might harm the price, but the pump was the cause of the increased APY they have a promotion campaign for those who want to farm, and whales take the opportunity, but when the promo ended the prize started to drop, I cannot trade my stakes because it is locked, I was able to trade my remaining Nominex token that was released, to USDT to protect my profit, I just hope they will continue doing promo and marketing, they need to keep up the exchange industry has stiff competition.

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Quote from: robelneo on July 31, 2021, 09:22:09 AM

I can certify that this is a good exchange, I participated in their bounty campaign, my token reward coming from bounty are locked in Nominex for a year and they release a small portion daily, I can recommend this exchange based on my experience, they have a goods support and withdrawal always comes to my wallet on time, I just notice just this last 6 days that the value is going down when Bitcoin was going down NMX token is one of the tokens that was pumping.

Nominex (NMX)
₱197.88 -20.5%
0.00009523 BTC -25.9%
0.01197811 BNB -25.7%

Quite alarming for token holders like me on the positive side liquidity is still high.

But I am seeing opposite here, NMX's price going down as BTC's price is going up. We are already in the $41k level, so supposedly NMX price is going up also. But the price of NMX keeps on going down instead. So curious what is happening to this token? Is there some bad news from their end? Maybe it will go back to $1, which was their target value before. That's not very good for those who are farming this token.

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Quote from: AmoreJaz on July 30, 2021, 07:42:41 PM

this is what am wondering next. are they going to reduce their daily withdrawal? now, that binance significantly reduced their limits? because if not, this exchange is a very good option for whales as they have 3 BTC daily withdrawal limit without kyc. but of course, you need to see if this exchange is indeed safe for your funds.

I can certify that this is a good exchange, I participated in their bounty campaign, my token reward coming from bounty are locked in Nominex for a year and they release a small portion daily, I can recommend this exchange based on my experience, they have a goods support and withdrawal always comes to my wallet on time, I just notice just this last 6 days that the value is going down when Bitcoin was going down NMX token is one of the tokens that was pumping.

Nominex (NMX)
₱197.88 -20.5%
0.00009523 BTC -25.9%
0.01197811 BNB -25.7%

Quite alarming for token holders like me on the positive side liquidity is still high.

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Quote from: cryptoperkele on July 21, 2021, 06:04:56 PM

Quote from: klarki on June 25, 2021, 07:03:17 PM

Why is this a positive point? It is certainly good that they know how to assess their strength. But I was hoping to see something new, not a broker program.

Because daily withdrawal limit without is bigger then in binance. I don't need to transfer my NMX profits to binance to trade with interesting pairs when i can find pairs and liquidity from Nominex itself.

But may i ask what were you hoping then? Because there hasn't been really nothing in their roadmap better then this that i know of. It's one of the main reasons i am interested farming NMX and use it for cutting fees.

this is what am wondering next. are they going to reduce their daily withdrawal? now, that binance significantly reduced their limits? because if not, this exchange is a very good option for whales as they have 3 BTC daily withdrawal limit without kyc. but of course, you need to see if this exchange is indeed safe for your funds.

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Quote from: CaVO32 on July 21, 2021, 06:23:59 PM

Surprisingly, this exchange is still doing good and they have better liquidity than in other medium exchanges. And it is pretty quick and fast, in terms of trading and withdrawal. I tested this site. But remember to check their min deposit and withdrawal/fees before sending any coin on their exchange. Because for example, the min deposit for btc is 200k sats, so less than this amount, they won't credit. So be careful on this aspect.

That should always read in huge red capital letters next to the deposit address.
I know it isn't lot of money but it could be for some people. However i think that these minimal deposit amounts are doing down with the binance broker program as they might adopt the binance deposit minimum amounts with it.

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Quote from: CaVO32 on July 21, 2021, 06:23:59 PM

I tested this site. But remember to check their min deposit and withdrawal/fees before sending any coin on their exchange. Because for example, the min deposit for btc is 200k sats, so less than this amount, they won't credit. So be careful on this aspect.

It was something that really needs to be done and in fact very different from one another. I once didn't read the terms of deposit and withdrawal at crex24 when I deposited eth, as a result my eth was stuck there waiting for the rest to be put into credit, it's must have min 0.1 eth to make it credited Sad

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Quote from: cryptoperkele on July 21, 2021, 06:04:56 PM

Quote from: klarki on June 25, 2021, 07:03:17 PM

Why is this a positive point? It is certainly good that they know how to assess their strength. But I was hoping to see something new, not a broker program.

Because daily withdrawal limit without is bigger then in binance. I don't need to transfer my NMX profits to binance to trade with interesting pairs when i can find pairs and liquidity from Nominex itself.

But may i ask what were you hoping then? Because there hasn't been really nothing in their roadmap better then this that i know of. It's one of the main reasons i am interested farming NMX and use it for cutting fees.

Surprisingly, this exchange is still doing good and they have better liquidity than in other medium exchanges. And it is pretty quick and fast, in terms of trading and withdrawal. I tested this site. But remember to check their min deposit and withdrawal/fees before sending any coin on their exchange. Because for example, the min deposit for btc is 200k sats, so less than this amount, they won't credit. So be careful on this aspect.

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