Topic: We've made a new exchange and looking for testers! (Read 497 times)

A qiuck heads up for everyone here. We've made an official Bitcointalk thread  - https://bitcointalksearch.org/topic/exchangenominexio-new-trading-platform-with-low-fees-and-numerous-instruments-5197275

You probably missunderstood our offer. We're going to turn off trading fees only for the group of testers (who i'm looking for here) and It's limited. For other users the fees are still active

I have only one concern which is the no fees for trading. How exactly do you want to cover your cost? Except you are in the business of buying at all times and selling at all times when an order is made which may create and opportunity to buy low then sell high, which then create an opportunity for profit, I don't see how you want to be able to provide the necessary support for your platform which really does not come free and again, if you are not charging fees to use your platform, what exactly is the motivating factor because as we all know it, the reason for setting a business is making profit which comes from the excess of revenue over cost and now you don't intend to have one.

As I've mentioned before, we've already started merketing, so there're a lot of newcomers already (it's been running for more than 2 weeks), additionally we're keeping liquidity by our own means, You can still match every order in the book, they are real, no faking whatsoever

No fees will be applied only to the group of testers wich has already gotten some members and the membership is limited. We are planning to get profits from trading fees, of course. That's why before getting zero fees you can ask our upper management any question that may be bothering you and only if we deserve your trust you can make a deposit, do your thing and check out our service. We're not asking anyone to blindly trust us, we are hear to deserve that trust

I'm just curious how are you guys planning to get some sort of profit from your platform if you're not going to implement trade fees? Are you going to take most of the profits through withdrawals and deposits? If so, this is more of a charity exchange and doesn't sound so efficient and sustainable to you guys. Also, if your testers are going to deposit on the exchange, how sure are we that we aren't going to be ripped off? Oh right, we aren't.

By "New" I've meant that we're just starting, it doesn't mean that there're no users already and we are keeping the luquidity by our own means (not faking it).
We are just giving the oppurtunity to test out our services without any fees and we offer a lot of cool stuff that comes with that. Just like the secret chat with founders - your opinion would be heard and would matter. The other part is being on the dawn of our referral program wich is at a whole new level. If you are interested, i'd recommend checking it out at least - https://nominex.io/referral-program

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You can PM me in telegram @Mike_Nominex and i'll add you to the chat with founders where you can ask anything about Nominex and we'll prove that we're trustworthy. There you can get zero fees in a couple of days.

Sorry, but there is no way in hell you are not faking your trades. No traffic, exchange that's never been heard of and has about 50 likes on Facebook, and this is what your trading screen looks like -

https://i.gyazo.com/f1e0b4c9b9cd72072c831b648056b6e0.mp4

Both the buy and the sell book being completely re-organised every fraction of a second? And a trade history which looks like this:



Versus Yobit's, which while being a kind of crap exchange is at least significantly more established:



So you guys are apparently pulling about 15x more trades in ETH/BTC consistently than Yobit is. You're even slightly edging out Poloniex, a very established exchange.

Can you explain this to me?

Just heard about Nominex exchange, is this already a lot of users and I am still asking about trading no fees
Testing to make a deposit into the cattle market thought it never existed in any stock exchange, I still suspect that I have not fully trusted nominex.

We do offer a lot of unique features such as out affiliate program, based on binary tree with unlimited levels and different kinds of bonuses. You should check it out - https://nominex.io/referral-program .
As for the token distribution, we're going to have it in two phases. We're not selling our tokens to raise funds or anything, Nominex is an already finished product (We're still working on it and will be working, there's always room for improvement). In the first phase we'll have 100% fee cashback in NMX, launch challenge, giveaways and increased referral payouts in tokens. You can read about it here - https://nominex.io/nmx-tokens

The interface looks similar to a website (Not every single part of it) but there are too many exchanges around us it is hard to keep things unique.

I liked the way tokens will be distributed. Is there any ICO planned for the token or distribution is limited to platform users?

Smells a bit dodgy to me. You've got 4 million dollars in volume on your 'new' exchange which has no traffic and needs testers?

Asking 'testers' to deposit their money in your exchange is equivalent to you walking into a bank and asking for a loan with no credit score. If you give them test currency to test features on your exchange, then I can understand that, but else - no chance mate.

Edit: - just looked at your order book - IMO it changes way too rapidly and randomly to be organic. Basically every visible order on the order book changes every fraction of a second. On an exchange that you announced two days ago as 'new'. Right...

Just telling about the options. I'm here and I'm always ready to answer your questions anywhere

The initial message was a bit harsh, but, man, this edit. I'm going to disagree with you and will try to prove my opinion.
We're most certanly not doing what everyone else does, you just gotta read through it. We're not using the same script, as we are trying to do everything in order to build trust and give a lot of advantages and bonuses to our users. As for referral earnings, you are complitely and utterly wrong. Our referral program is one of the kind. It's based on bynary tree system with unlimited number of levels, multiple bonus types etc read the description and you'll get it - https://nominex.io/docs/nominex-referral-program.pdf . It may sound marketish, but you can actualy build a whole business out of it. We've been developing the exchange for more than two years, so the whole functionality, velocity and security is on the whole new level. Another point is our token distribution. We're not selling tokens to gather funds or anything, we have a launch challenge, we will give them out as a cashback for paying trading fees etc. Not even saying that the token itself has a lot of use cases and is overall a nice thing to have.
I would highly recommend you to check out our website, read through everything we have (it's not that much and if you have any questions there's always our support to help you) and after that if you would still think that we're the same as others, I would be here to hear out every tiny bit of your argumentation.
                                                                                                                                                                  

You know what, why don't you have a testing coins to be traded on your exchange. I mean, why does the beta testers will be the one to shoulder this? Isn't would be better if you gave all the needs of beta testers and besides they're the one you should pay them.

Don't get me wrong, but you should consider those things to be able to attract users.

You can explain everything here, there is no need to use other channels.
By the way, the feedback of AdolfinWolf is the kind you should look for and even pay for, if you are sure about your honesty.
You are in bitcointalk mate.

You can test it out with a minimum deposit, wich is pretty low around 10 usd. Also, as I mentioned before, we are more than willing to answer any questions and give any guarantees possible in order to deserve your trust. These tester are a kind of focus group that will take part in making decisions about exchange rulling, new listings etc. Also, doesn't matter if there're alredy users or not. We're aksing for opinions as there's always room for improvement.

Yesss. They are looking for someone who will deposit coins in the exchange. Most if not all are aware for the scams here in crypto, you just can't expect anyone who will just do it and entrust the coins they have knowing they could have difficulties in withdrawing it.

What purpose are these testers for, you already claimed you don't have fake volume which means you have real users there.

We are serious and i would disagree with you on every given point.
First of all, we are offering new features and we've been developing the platform for almost two years, it's not a copy pasted exchange in any way.
Secondly, It's pretty obvious that we do require KYC, since we're doing everything legaly. We are working with a company that provides KYC and has every licence to work with private documents. We're just getting approvals\disaprovals from them.
As for the volume, i'm not the one to ask about those things, as far as I'm concirned, we're not faking any volumes. It's either users trading or market makers are creating it. A new exchange wouldn't just fake it's volume if it wants to grow and be as trustworthy as possible.
The data provided by that website doesn't correlate with actual numbers as there're non there, for some reason.
If you have any questions about the exchange or documents or anything else, we're always happy to answer those. You can use a live chat on our website or talk to the team in telegram:)

Are you serious? Why would anyone be hyped over this? It's simply another copy pasted exchange that offers nothing new. Zero. Nada. If anything, you're running a custodian exchange without any form of "trustworthiness" - for a lack of a better term, with what, 10 altcoins?

On top of that, you also require KYC? Who the hell would hand over their KYC data to you? You're (as of right now) a "nobody" and shouldn't be trusted with any data until you've proven to be trustworthy (which is extremely difficult if not impossible if we're talking about such documents.)

And then... Where are you getting your volume from..?

https://www.alexa.com/siteinfo/nominex.io - No traffic

https://nominex.io/markets/
Already over 4 million dollars in volume... For an exchange that in now way, shape or form differentiates from it's competitors (from what i can see atleast..), well, that's pretty remarkable.
I'd say you're probably faking your volume, unless it is linked to another exchange? But that doesn't seem to be the case.

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Edit: Sorry if i came off a bit harsh- but there's just so many copy paste exchanges that i wouldn't tell the difference,- using a third-party such as netverify to do verifications is indeed a step in the right direction. .. Still though. I don't think you're going to get a popular exchange by doing what everyone else does. (the same altcoins, using almost the same script, the same "refferal earnings" every exchange offers.)-- I wish you all the best though.