Topic: NMX Nominex token - page 8. (Read 3230 times)

If NMX didn't have liquidity even when you are calling 1% is very small and it will actually give impact to the price. As someone said about the fact that nominex didn't get a lot of funding. These days exchange listing also needs so many funds.


Where did you get the whitepaper?

It's a bit surprising for me to see that with a very long time of ico and the team can get only small money

Can you drop me the link?

According to whitepaper, they sold 164,022 tokens. And if i recall correctly, first price level in IEO was ($0.1) per NMX. So i actually would be very puzzled if they wouldn't sell for 20x profit, especially if they are staking their tokens and just selling those.

Also according the whitepaper nr of bounty or won tokens was 7,341,634 NMX, so there's no change that they could set up a buy wall for that with the amount of money they collected.

Circulating token amount you can see in the contract address.


There are ton of different kind of bounty hunters working for different reasons, but a huge amount of them are from poor countries and would sell at any price that seems low to you because that's a lot of free money for them. I've even doxxed one cheater in the past that had outsourced his work. He was basically paying others to write stuff for him. For some of them btc is a scam, or they don't give a crap about crypto and they just want their free money as fast as possible.

There was a time when you could farm btctalk accounts and use all of them for different signature bounties for example and there are ton of bots trying to do telegram campaigns. So when someone has tens of different bounties going on simultaneously they don't really give a shit about the price action of one single token that's probably going to be scam anyway, because they already know that large amount of projects are involved in are going to be exit scams or useless projects.

Why do you call it "bounty hunter dumping" ? Do they actually have enough tokens to dump the price? Above, you have said I'm confusing total and current circulating supply. What is % of all circulating tokens do bounty have right now?

What can you about token price being already dumped, before (usually few days before) distribution? This is also a frequent situation. Again bounty hunters are responsible for that?

Why do people blame hunters for dumping? What they do is just selling their rewards aka trading. They are bounty hunters, not bounty hunters-holders. If they know that the project is perspective, they will never sell rewards. But those who does are they one who are short of fiat money, impatient, dont care about project. These kind of hunters usually dont have a lot of tokens/coins to dump the price. These are social media bounty hunters, who got $5-30 worth tokens. Do these kind of hunters able to dump?


Thank you for the information.

The allocation of funds given to the bounty is only 1% of the existing supply, it seems impossible if 1% that the bounty participant gets will make the price of the NMX token decrease in the market, I as one of the bounty participants is very disappointed with the decision of the team that will lock the token bounty for 1 years period of time and it is not a short period of time, it's better for now to forget the nominex project and hope that if the team realizes what they did to the bounty participants has given a bad image to their exchanger later, if only the team honestly said if bounty tokens will be locked for 1 year at the start of the project, of course I personally will never follow this project.
many crypto projects to locked their token bounty but not as long as the nominex project does and there is no guarantee that if the participant's prize is locked it will make the nominex token price even higher.

No, i invested and did their bounty too on another forum.


Did you read what i just wrote? They didn't raise too much money so from what secret stash exactly they would pay you from? Also, they are only sacrificing 10% from those "big" rewards as it goes to trust account and if you lose -10% your price money will get liquidated. I don't know the source who is supplying that money to them. But that isn't from ICO money, because they didn't raise that much, that's for sure.


Bounty hunters dumping their ico tokens from the start has been the tradition especially in the bear market. And when this one was rising money, markets weren't yet back to full bull mode. And saying "not all bounty participants" is irrelevant, as most of the time they don't bring buy walls either.


They have stated that they start unlocking from March 25th.

I would say there are few ways to choose, and they are choose the very wrong way. That was a good option to do, if they did, the case would really be over, and hopefully his reputation will return after that.
Until now they promise "daily unlocked" but none of the locked tokens are unlocked.

Are you part of the Nominex team?
If you are worried about bounty participants selling all their tokens causing the token price to fall, you can pay with other tokens such as ETH, USDT, XLM or any token available on the Nominex exchange. if Nominex does not have enough funds, why do they hold a lot of competitions with big rewards, without saying the reward will be locked for 1-3 years.

Sorry, do you think bounty participants can only sell their tokens after reward distribution? You underestimate the bounty participants, not all bounty participants are like that. if the project we support has good potential, of course we will hold it, we are not too stupid to sell it cheaply.

Somehow you are calculating the max supply and not the circulating supply. That's not how math works. And original plans changed in many ways. First they were supposed to burn unsold tokens. This however wouldn't have solved lack of liquidity. I can't remember how much they sold in their "ico" or what ever it was called, but there was disproportionately way too much bounty tokens compared to sold ones if i recall correctly. Price would have been crushed from the start so they decided to lock bounty tokens.

DeFi farming was created to save the price and reward the liquidity providers, and those guys would have been most likely scared away from the start when people would have instantly either sold everything or mass sold their 50% to get usdt for farming.

How can locking around 69500/200000000 tokens would protect its price? Bounty hunters has far less than 1% of all circulating supply.
Of course hunters are not "project supporters" anymore. Because no one want to support the project, that does not keep their promises.
At work, if the boss decides to lock your salary and give you 1/30 of it daily (saying he will protect your money, because you might accidentally spend a lot), would you still work hard?


Calculate bounty pool by yourself and answer yourself, do bounty hunters really capable do dump the price to $0.01 ? If they can do that - then this Nominex if worthless, if this can be done so easily. If I were an investor, I would be happy to buy cheap token from bounty hunters.

Cry me a river. By unlocking them slowly in 1 year, they are protect your token price (that you got for free btw). And what you are currently doing isn't helping anyone so i am not seeing you guys as "project supporters" in any way. You probably never were. Because if you had bought the tokens you would be in favor of this.

I guess in some ways i understand your need to dump it like most bounty hunters do, as it would be your right for paying absolutely zero money, compared to those that actually participated to sale. And as much it would be fun to see you dumping it with $0.01 price and buy it, luckily they are doing you a service and if you had taken a look at their tokenimics, you would see that this is an only meaningful way to proceed.

And about that 3 year rule... The fact that you didn't earn enough with your usdt trust price in the competition and you need to while about additional NMX prices makes me think that you won by an accident in a first place and you shouldn't really win trading competitions.

Totally agree with you. I was also disappointed with the team's attitude towards its supporters, their supporters (bounty participants and participants in trading competitions)were the first users of the exchange and project supporters, but received disappointing awards (rewards locked for 1 to 3 years). better to trade on a more user-friendly exchange.

https://bscscan.com/address/0xd32d01a43c869edcd1117c640fbdcfcfd97d9d65


https://bscscan.com/token/0xd32d01a43c869edcd1117c640fbdcfcfd97d9d65

The problem should be the team didn't create a cooperation with the hunters to discuss about that. one year is too long. There should be an alternative solution just like some percents of tokens will be unlocked every month or quarter. I see that poolz was almost doing the same thing like NMX but it's good to hear the dev was discussing about that with the hunters to find the best solution.

can someone tell me what's smartcontract address of NMX on BSC?

Have you checked it recently? I am guessing that's an older screenshot because that was an error and was just recently fixed for everyone, now my bounty tokens show up in 1 year section. And tokens won in demo tournaments show up in 3 year section.

I will never trade on this exchange and will ask and warn my friends not to trade here because of their behavior, they are not fulfilling what they've promised, this is deception, they can change the rule but not the kind that they will deny bounty hunters rewards and lock it for one year

That is a lie. I have participated in their bounty and my rewards look like this:


I remember something about slow unlocking. That each day some part of my reward will unlock and I will be able to use it. This was made to protect from massive bounty tokens dump (dont really understand what can this protect, if all bounty hunters on two forums would receive about 69,5k NMX tokens, while token total supply is 200,000,000 NMX ). Week has passed since that picture I've posted and nothing is unlocked.



Ok, I can try to remember about NMX and wait for 3 years, but will it be worth waiting, if nothing unlocks daily. Another lie ?


Welcome to NOMINEX - cheating hunters by delaying payment for THREE years. They did not announce that tokens will be lock.

I have won several times, once even the 1st price, but competition has been harder now that there are more members and prices volatile and unpredictable. Too bad my nmx prices from them are locked now, but i totally understand that they don't want instant bounty dump.

Farming with my bought tokens has turned out to be very profitable though.

Correct, bounty hunter will usually simply turn the token into money and done with it. Although there is some of them are trader, but not all of them who will trade there after what happened to them. After all, after waiting so long to get 100% of their salary, who wouldn't sell it right away.

I guess no bounty hunters have interest to use NMX token to pay trading fees or they even don't use Nominex exchange. The news gives a more transparent information for them.

1 year is not a short time but not a too long time, in fact. In the meantime of unlock waiting, they still are allowed to stake NMX tokens and get rewards. Who knows that next one year, one NMX token will have a price $10 or $20? As no one believed that some day BNB tokens that were airdropped in 2017 can have a price $252 today: https://coinmarketcap.com/currencies/binance-coin/

Patience and belief sometimes can bring money to you.

This argument resulted in a thread discussion on this forum and the resolution was a year lock and monthly unlock, far back as 2020. Unfortunately most of the reward are small that I think should not warrant a long hold from the team besides it was not part of the agreement from the onset. I dont know how they consider DEFI to last that period in this cycle and next. If the project at the moment after the launch has not made that impact compare to counterpart defi, when will it start?