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 …
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).
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?
How will the fiat on/off ramp work? Will users be required to hold a bank account with participating banking partners?
Sending & receiving BTC is slow; will this cause problems for day traders or bots on the exchange, or the checkout time when using NashPay?
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?
Can you share what “other stuff” Thomas was referring to here: https://youtu.be/jWHrQr9iAaU?t=1788
On May 9th, 2019, Nashsocial’s instagram posted a picture of Fabio at Kaiser Partner Privatbank AG. What was the purpose of this meeting?
What are the team’s biggest takeaways from this past quarter’s attendance at: Consensus, Romania Blockchain Summit, and Barcelona Trading Conference?
Whats the current status of Fiat on-boarding partners? Have you acquired more since advertising the new application form? Beyond the 3 mentioned countries.
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.
What is the progress on the securities trading licence?
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?
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
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
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.
There is a misconception here, Nash will not migrate anything from NEO, our matching is a fair off-chain system, that is a main advantage and pioneered in our initial whitepaper (a concept followed by many today after their on-chain matching systems failed).
Regarding the DAG, about an year ago we did research on what/how a version of Nash in which users run the matching nodes would look like. We came up with a DAG-like structure that used Avalanche-like consensus for the messaging of orders. That was put in the fridge for the future as both regulations constraints and economic incentives don’t justify users running nodes in the foreseeable future. After all our current priorities are fully developed we will revisit this.
We talked about mobile in the Q2, please see the video. Regarding timelines we shared this slide (edited for clarity and typo):
It is very hard to talk about this “you don’t know the struggles of the lives you don’t live”.
We learned a lot by shipping the extension and doing the offering platform, at the same time we could have saved the time used to build those. While we were self-funded we also preffered to outsource instead of continuing to hire (we had 10~15 people + consulting), we could have just hired more in that period or raised from equity, at the same time it was uncertain the time we would receive green light for the security, we had already spent more than $800k and now being fully owned by founders we enjoy a lot of freedom on business decisions.
We are not excluding EU, US and Brazil from the call! We just communicated that we already have partners in those regions. Our focus has been on guaranteeing current integrations are working before on-boarding more, but we received many applications from many different countries. I will restart contacting those during August.
https://community.nash.io/t/community-questions-for-boston-ama/7177/12?u=canesin
Fee structure of fiat ramps is fully determined by the 3rd party providers themselves, Nash has no control over those. Fiat ramps with 3rd parties are only an interface for and API gateway, Nash doesn’t keep or interfere with that data.
Nash has no rules/guidelines to avoid uncompetitive rates, how would we define what is uncompetitive ? We don’t know the cost basis of local operations.
What Nash will do is be open to have more than one provider per region so users have choice and let market forces decide what is competitive.
Tokens are to be transferred directly to user wallets after fiat process is settle. How each project acquire tokens and secure their operations is up to them, we hope they use Nash Exchange markets for liquidity like Nash will do in its own ramp systems.
https://community.nash.io/t/community-questions-for-boston-ama/7177/13?u=canesin
Open Banking reflects mostly on API standards for EU, what that means is that integrations we build with our banking partners today are portable as we expand the numbers of banks we partner with in the region, if needed.
US is behind the rest of the world on Open Banking but there is good platform providers there that we plan to use.
Other continents have similar projects, several are variations of Open Banking, specially PSD2.
