I think there is a huge potential in Africa continent and Nash should have special focus for Africa countries. Buying crypto is not such an easy process. More of a P2P exchange and there’s a lot of potential there for new entry into crypto. Would like to know if there are plans for entry into Africa and Asia in particular.
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- Nash has held itself to a higher standard in all facets of the company. You’ve partnered with some of the best legal firms, security experts for review, development teams, and hire top tier candidates for your open positions.
In addition to building “the best user experience” for exchanges, what other “best” strategies will you employ to target user acquisition?
- What do payment processors like about NashPay? What percentage of NashPay transactions will go through the matching engine (estimate, of course)?
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- What is the team’s actual burn rate (operational costs) in terms of USD per month?
- How many of the 25M USD raised in the ICO are still left? What happens when the 25M USD are all spent by you and you still need to cover operational costs - do you begin selling NEX tokens which are in your possession in order to get USD to cover costs? Or will you use the profits from trading fees on the DEX to cover costs?
- Would you please get in touch with CoinMarketCap and ask them to update the circulating and total supply of NEX, as the ones shown there are not correct?
- The main advantage of using a DEX for trading instead of a CEX is always advertised as “you are in control of your own funds”. I was wondering what happens and how exactly I am in control of my funds, if suddenly while I am trading on the DEX the website/UI goes offline for some reason (hack, maintenance etc.) - let’s say I deposited NEX tokens to a smart contract in order to execute a trade and then the exchange’s interface is not available anymore. How do I withdraw the deposited tokens back to my wallet? If I can withdraw them only by using the user interface then I don’t understand how I am in control of my funds at anytime.
- Same question for staking NEX tokens - if I decide to stake my NEX tokens for a 2 year period and on the expiration day after 2 years if the user interface of the exchange/website is for some reason not available anymore, will the unstaked NEX tokens be returned automatically to my wallet on expiration date? Do I have to perform a manual withdrawal by using the Nash website/UI? Are the to-be-unstaked tokens automatically renewed (for same time period as before?) if a manual withdrawal process is not initiated by the users?
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#whenready
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How many token have applied and how many of them will be listed at launch? Which ones?
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The 75% revenue sharing is centrally decided by the Nash team. Nex being a security provides some protection for investors but how can we be sure that the Nash team won’t lower the revenue sharing percentage in the future? This does not comply with the decentralized finance philosophy of the Nash project because this important aspect is completely centralized. Could the revenue sharing percentage of 75% be programmed into a smart contract to offer additional investor protection?
I have to get rid of a bit of criticism. Many of the questions have been answered very often in this forum and I think that it does not do us any good to keep repeating them.
To @Garda the 75% are programmed in the Smart Contract and nothing can be changed.
And no, unfortunately I have no question, because I find that only many new questions arise when we live.
they did already when nex was first listed there cmc just doesnt care …
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I’ve seen many crypto newcomers comparing NEX with “profit sharing” dividend tokens from other projects. Could you take a moment to discuss the differences between “revenue-share” and “profit-share” dividend models? (e.g. two rival companies launch in a competitive environment, one offering 75%-revenue-share tokens, while the other has 100%-profit-share tokens; how might one of these models benefit investors over the other).
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You announced several pairings that would be listed on the exchange at launch; have any new ones been added to the list so far, and how goes the applications from crypto projects and banking partners?
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How will the fiat on/off ramp work? Will users be required to hold a bank account with participating banking partners?
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- Based on current banking partners, will nash users from Canada, Australia and New Zealand be able to purchase crypto upon launch of the MVP?
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Sending & receiving BTC is slow; will this cause problems for day traders or bots on the exchange, or the checkout time when using NashPay?
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I recall hearing that the tokens of the nash founders would be frozen, with 1-2% unlocking every ~6 months, or something along those lines. Did this cause problems during the early stages when seeking regulatory approval for the token sale, or was it changed for other reasons?
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Can you share what “other stuff” Thomas was referring to here: https://youtu.be/jWHrQr9iAaU?t=1788
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On May 9th, 2019, Nashsocial’s instagram posted a picture of Fabio at Kaiser Partner Privatbank AG. What was the purpose of this meeting?
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What are the team’s biggest takeaways from this past quarter’s attendance at: Consensus, Romania Blockchain Summit, and Barcelona Trading Conference?
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Whats the current status of Fiat on-boarding partners? Have you acquired more since advertising the new application form? Beyond the 3 mentioned countries.
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Is there any plan to integrate an interest return rate for holding usd or other currencies on the exchange in the future? Would be nice to keep money in nex instead of my bank and get paid higher interest for it.
Imagine, today is launch day.
How will this day look like? Will there all MVP products available at once or is first the funds management launched and a week later the exchange and fiat on/off ramp joins in? Can we do KYC before the MVP launches or is it a parallel process?
Summarized, please tell the community how the launching process may look like.
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What is the progress on the securities trading licence?
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How do you compete against NASDAQ? What areas you need to improve to be more competitive? What is your strategy to win over the major institutional traders such as banks and hedge funds?
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Dear Nash team,
Will community members in the future be able to somehow become sort of consultants or be of any other help growing the Nash fintech company backed by the team through some sort of accreditation from the founders?
Hey guys,
Thanks for all the hard work, it’s appreciated!. Really exciting times ahead, can’t wait to see the MVP in practise. I have a couple of questions for the AMA.
1). The most obvious question is of course if you could shed some light on the tasks that still need to be done before you feel comfortable launching the MVP. With the previous statement Q3 would be the quarter to launch, i’m pretty sure this one is on everyone’s mind.
2). Nash has now a formal proces by which projects can show their interest to be listed on the platform. Can you give us an estimation of the amount of interest you have received from projects so far. Did some of the projects already got through the legal-proces for which they pay the fee of 10.000 dollar? NB: if you can’t talk about this from a NDA perspective, could you give as an estamation of the amount of teammembers you are assigning to this part of the company for the first year?
3). Does Nash have any agreements/understanding with market-makers for specific crypto-projects who will be traded on Nash?
4). Could you provide us an update on the part of the security-trading license? What has been achieved so far, and what needs to be realised still before Nash has their hands on such a license?
5). Could you give us an update on the part of BTC trading on Nash?
6). What kind of marketing plan will Nash utilise to attrack customers?
Well, that’s all i got so far. Sincerely hope you are willing to provide some clarification on these matters.
May the wind blow in our sails for the journey ahead,
Nick
Edit: grammar
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Three questions:
Will there be any projects or services provided by Nash that will be excluded from the profit sharing structure?
A function to automatically reinvest the profits in order to compound would be great. Is there a plan to integrate this function?
Disliked subject by many but nevertheless an important one to mass adoption is tax. Will there be a tax compliance service that would offer an auto generate yearly tax returns?
Thanks
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https://community.nash.io/t/community-questions-for-boston-ama/7177/40?u=canesin
The recordings are with me - just downloading to the computer now, so we will still need to process it and etc. I am planning for the QA to reply in this thread instead + the presentation video will be more productive. This time a lot of people didn’t follow the usual “self-contained” question and wrote wall long series of multiple questions in a single reply so we ended up asking more questions from the audience instead.
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