Community questions for Lisbon AMA, 19 October

[CryptoUK1 (Matt)]

With the current fiat gateways only suitable for card buys and not being a viable alternative to other exchanges, what can we expect going forward?

Is the plan still to acquire the necessary licenses to hold our fiat, have bank transfers and fiat pairs?

[redk (red)]

2 part question
why dont we see broker dealer/ATS licence holders
coinbase
seedinvest/circle
Harbor
list goes on issuing AND trading securities

they have the licences … why not run these products over the blockchain ?
or are they failing on custody issues regarding 15c 3-3?

2nd part

Do you see tokenised security products and legal tender being accepted in Europe before USA…?

[D_Raky]

I asked the question for the interview of The Crypto Lifestyle, so if you are going to post the videos with answers feel free to ignore it.

How are you going to tackle institutions? Many hedge/VC funds and have regulatory restrictions regarding custody of their investments. So even if they wanted to use Nash, they might not. This is why Coinbase have developed Coinbase custody. A lot of these players are starting to use it.

Do you have any plan to develop a similar product to Coinbase Custody that could be used by institutions?
Do you think there is a way you could get your second gen key management certified such that it could be used by institutions and replace their custody solutions?

[redk (red)]

id like to hear
africa
south america
indonesia
addressed
in a very open general vibe whats the plan … how are we going to serve these areas ?

[redk (red)]

Does ZKP or MPC+threshold key management resolve custody issues with securities… (non self custody)

[redk (red)]

Do you see other stable coins being listed on Nash (legal tender in other nations other than Bermuda).

Whats our thoughts on Libra … very open question

[JustUS]

Hello,
thanks for this opportunity!
I would like to know if you are working on the integration of other assets simultanously.
In other words, we all know that Bitcoin is your priority atm and I think it it obvious we all appreciate this. But after Bitcoin trading is implemented, will you start from the scratch again or is there someone already working on the following implementations? If not, will this strategy change after Bitcoin or will it continue to be ‘one after another’.
Thanks

[canesin (FCC)]

Thank you all for the questions, we will reply a few on the panel today and all on the forum on the next few days.

[canesin (FCC)]

Community questions for Lisbon AMA, 19 October

Dear Nash team, Is it possible to give a status/update on the ongoing proces regarding the security dealer license? Kind regards, Coinder Frank

We do not discuss regulatory processes. What I can say is that our current focus is not security dealer, but wining market share with exchange product we already have operational. Digital securities trading is a market that still has some significant time to mature, we will revisit this in 2020.

[canesin (FCC)]

Community questions for Lisbon AMA, 19 October

Do you think we’re on track to become a top 50 CMC ranked exchange (volume) within 6 months of launch? (April 2020) sharkie ps - loving the MVP progress so far

I don’t know how CMC is filtering legitimate trading, given the plague of wash trading that has hit our industry past year. So that ranking might not be relevant to that. We certainly are on track on our plan to be on the top 50 exchanges when considering legitimate volumes.

Our expectations on what that means in numbers have been shared in the community before, as I known you @sharkie you can probably clip it, but we see TOP50 at about 100m/day. This is not a guarantee but on our roadmap we are consistently hitting the milestones for that.

[canesin (FCC)]

Community questions for Lisbon AMA, 19 October

75% of fees for those who block tokens for two years will be maintained forever? even if it is a q3 report, could you do us a sort of roadmap of nash short-term projects (q4)?

replied in lisbon: Operations and Mobile: Quarterly Report Q3 2019 - YouTube

[canesin (FCC)]

Community questions for Lisbon AMA, 19 October

Hi, Only 10,000 is required to get another Coin / Blockchain (for legal fees). So the Nash team will probably pay in the form of working hours. My question would be: Is it planned to integrate the current top 20 coins? even without inquiries or legal costs further: since it costs not just little (working time) to intigrieren new blockchains: will the $ 10,000 concept have a future? (because the top20 change relatively fast)

I think this is a symptom of our success to offer a product that offer same user experience of centralized exchange while being non-custodial, generating this kind of expectations.

I will be clear: is not possible to just get a list of networks and add in Nash for trading, we are non-custodial. The network needs to meet some technical requirements.

That said, current TOP20 are:

Legend:

WIP - Work in progress.
OK - Already in Nash
FUT - To be seen, unknown if it is feasible given its limitations. Future work.
BLK - Not being worked, legal uncertainty.
SEC - Not being worked, current possible security concern in consensus.

1. Bitcoin - WIP
2. Ethereum - OK
3. XRP - FUT
4. Bitcoin Cash - WIP
5. Tether - BLK
6. Litecoin - WIP
7. EOS - FUT
8. Binance Coin - BLK
9. Bitcoin SV - SEC
10. Stellar - FUT
11. Cardano - FUT
12. Tron - BLK
13. Monero - FUT
14. Chainlink - WIP
15. Unis sed Leo - BLK
16. Huobi Token - BLK
17. IOTA - FUT
18. NEO - OK
19. Dash - WIP
20. Cosmos - FUT

[canesin (FCC)]

Community questions for Lisbon AMA, 19 October

3 simple Questions: 1.) When will Nex be listed on Nash - Why in detail does this stuff take so long exactly? 2.) Are u planning anything with XRP - XRP backed Stable Coin for Europe etc.? 3.) Will there be stable coin pairs for Europe?

This has been replied either above or on the Q3 report.
See Operations and Mobile: Quarterly Report Q3 2019 - YouTube or read Operations and Mobile: Quarterly Report Q3 2019

[canesin (FCC)]

Community questions for Lisbon AMA, 19 October

Canada: Any updates in regards to enabling trading? How are those MSB licenses going? Hardware Wallet: This is a sore spot for many community members and those new to Nash. If possible, can you briefly describe how your 2nd gen key management will work? I eagerly look forward to a system that displaces hardware wallets – I don’t really think they’re necessary!

This has been replied either above or on the Q3 report.
See Operations and Mobile: Quarterly Report Q3 2019 - YouTube or read Operations and Mobile: Quarterly Report Q3 2019

[canesin (FCC)]

Community questions for Lisbon AMA, 19 October

When we can expected to buy Nex via fiat ramps on Nash Exchange? Are there any plans to go with the Neon Exchange Aktiengesellschaft to the stock exchange in the future? What do you think about decentralized lending on Nash?

1. We will not offer NEX on fiat ramps. It is the third parties in the marketplace that are in charge of what they buy/sell.

2. No current plans, way too soon.

3. Not a product we are currently going after, we already have a big offering we are dedicated to gain market share first.

[canesin (FCC)]

Community questions for Lisbon AMA, 19 October

Unlike more traditional setups, where a company has one or multiple offices in different countries from where employees work together, the team from Nash is located all around the globe. One of the advantages of this “work from home”-approach I can think of: you can hire top talents from around the world, without the necessity for them to move. On the other hand, I imagine this setup might make coordination and management much more complex. The fact that the company sometimes gathers for develo…

We believe in decentralization so much that even our team is fully remote. And yes, attracting great talent is a by-product. We are absolutely convinced that great talent comes in every culture, language, color, sex and religion. Decentralization is diversity, that is from where it extracts all its security and economic qualities (you trust more Bitcoin many miners because you expect they to be diverse in how they act, on their goals and on their beliefs).

But like with the networks it self, being fully remote indeed does presents many new challenges, coordinating work and guaranteeing communication has very low latency are the hardest, for this reason we since day-1 have been constantly trying to improve our processes internally - changing both process and tooling whenever it seems to make sense. Due to this we have continued to see better execution and I personally think we can even surpass traditional forms of coordination given how we can make everything async. If you are interested in this topic this is a good write up of how async can help: https://blog.remote.com/why-you-should-be-doing-async-work/

We will continue to be fully remote for the foreseeable future, we do however have “timezone bands” we aim for, and naturally happens to have more than one employee in some cities - that we encourage people to meet and build social bonds.

[canesin (FCC)]

Community questions for Lisbon AMA, 19 October

Is it possible to apply the technology behind BITCOIN trading to other non-Smart Contract enabled blockchains? And I’m not talking about Bitcoin Forks like LTC, etc. I’m talking about blockchains like NANO, Stellar, Monero, IOTA, etc.

This has been replied either above or on the Q3 report.
See Operations and Mobile: Quarterly Report Q3 2019 - YouTube or read Operations and Mobile: Quarterly Report Q3 2019

[canesin (FCC)]

Community questions for Lisbon AMA, 19 October

Nash has and is achieving many world firsts; Cross-chain noncustodial trading, Non-custodial Bitcoin trading, Hardware wallet beating key security using MPC etc… These are all things that no one else has achieved and worth promoting. Has the team compiled a list of these “World Firsts” if so what are they and does the team have a marketing plan to promote them? There’s no point being the best if no one is aware…

This has been replied either above or on the Q3 report.
See Operations and Mobile: Quarterly Report Q3 2019 - YouTube or read Operations and Mobile: Quarterly Report Q3 2019

[canesin (FCC)]

Community questions for Lisbon AMA, 19 October

can you tell us more about nashpay?

This has been replied either above or on the Q3 report.
See Operations and Mobile: Quarterly Report Q3 2019 - YouTube or read Operations and Mobile: Quarterly Report Q3 2019