Bitcoin pairs and other critical functionality

Hi,
I was quietly following discussions around development of the platform and it seems that team does not really listen to community.
Don’t get me wrong, we are all happy to see improvements in staking contract, dark mode, charts and small UI/UX changes, but these are not the changes that will drive the adoption. Seems like team focuses to much on the look and feel instead of functionality at this point.
I’m a long time crypto holder/investor/trader I want to use Nash, but I can’t. At the moment there are only ETH and NEO pairs with “no-name shitcoins”. no offence to them, but almost nobody is interested in trading them hence the low volume. For me personally and I think for majority of people adding BTC and top 20 coins is crutial and should be number one priority.
We all want Nash to succeed, but it seems platform is losing its momentum and hype around it. People start loosing interest in a platform that focuses on wrong things.

To summarize, my point is that team is slightly missaligned with a community on what is most important and assumes what people want to see instead of asking them. Maybe it makes sense to create a poll (here, on twitter or any other platform) or perhaps any other approach to ask the community what is the top priority items they want to see. Maybe community can speak out and have an impact on developers backlog ??

Thanks
Cheers

5 Likes

I personally think to many (investors) have to much expectations and just want a full working system from the start with high volume.

Its just in MVP fase and they give some hints for the next months about almost everything you are saying above, have patience and wait for the things to develop, you can say you are a long term holder/investor/trader but certainly you’r not a developer which means you are in for the money instead of the tech. just my opinion, and that’s okay everybody has his own agenda so has the team.

6 Likes

You are right about me not being not a dev, but you are wrong about my agenda here. Firstly I’m a beliver and “wanna be” user of the platform. I have not used it since launch though, because it simply does not have any pars I hold, want to trade, or potentially interested in.
I do have good understanding of business side of running a company. Not listening to your customers and doing what you think is good instead of asking customer is a common mistake. All I wanted to do is point out that it could be the case for Nash . Company can spend a lot of time and effort in building polished product based on assumptions and fail miserably once find out that assumptions were wrong and they delivered wrong product.

3 Likes

They are listening and have communicated that BTC pairs are their major priority in the short term.
It so happens that BTC has never been traded in a non-custodial manner. What we all want (BTC pairs) is very difficult to achieve and some even argue, nearly impossible to achieve, since BTC has no smart contract functionality.
If you appreciate the above fact, it should help you in exercising the much needed patience. The team wants it as much as you do and is working tirelessly towards it.

12 Likes

That’s true. But on the other hand, a good or better product does not necessarily mean that people will or want to use it. I understand that people are now working on improving the MVP and that marketing is now of little importance. What I do hope is that with the launch of the BTC functionality, a serious marketing campaign will start.

I am confident that the team will deliver.

1 Like

What you are demanding is so unreasonable. You do realise that in order to add the ‘top 20’ coins they would need to integrate the platform with 15+ different blockchains, all with different consensus mechanisms, all with different challenges unique to that particular blockchain. The team is made up of approximately 50 people, just remember that.

It has been just over 1 year since the funds raise and the Nash MVP currently out there is better than anything I have seen from a team of this size (and larger). Nash is a unique way of trading and managing funds, chains will be added over time but it will take time, surely you are aware that it’s not as simple as a CEX like Binance installing a wallet and voila.

5 Likes

This is a suggestion, not a demand. Nash has it’s unique weaknesses and one of them that they have to work weeks/months to deliver same functionality as other exchanges can do in hours/days. Polishing UI of platform that has 200$ daily volume makes absolutely no sense in my opinion. They might just eat through all their funds for next 2 years without bringing any volume/revenue and close the shop. This is very competitive space.

2 Likes

Same functionality? Trustless, performant crosschain trading on a deterministic, soon to be distributed ME? This confirms to me that you dont really understand the USP of Nash.
Also you do realise that a you can do more than 1 thing at once, some of the team with the expertise is working on adding chains, other parts of the team are enhancing the UI, doing this whilst there are fewer users is ideal imo.

3 Likes

That’s an incredibly pessimistic view on Nash, you have there. I invite you to take a deep breath, and understand that volume right now is not going to make or break this company. Especially when you say things like:

This is being incredibly dramatic. Nash will not be ‘in MVP’ for 2 years, and then disappear. Like…really?

It almost sounds like you’ve invested more than you can afford to lose, and now you’re panicking.

Again – deep breaths. Nash is doing exactly what they set out to do.

7 Likes

Ehh I wouldn’t go that far. There already exists solutions for trading BTC in non-custodial form (atomic swaps, sidechains, lightning network) however they all lacks the performance, UX and reliability needed.

If Nash can get it to work as well as their ETH/NEO cross-chain then we’re in a really good position. Next step would be to properly communicate this achievement which I’m sure will be part of their marketing efforts once live.

2 Likes

Are you serious? Nash MVP is live for only 4 weeks right now…

1 Like

Haha, sure currently there are sub-optimal “solutions”. I agree with your comment.

3 Likes

I think XRP pairs will be just as crucial. Ripple is making huge leaps and will probably be really important for the entire crypto world. Dont miss out here…

2 Likes

almost all top10 pairs are crucial (and a lot others more as well) :wink: Lets give the team time to add them.

6 Likes