I’m not confident that the addition of BTC will make a huge difference in trading volume, though it likely will gradually attract some of the more hardcore DeFi enthusiasts as they learn about it. I’m more of the impression that a sustained increase in volume will draw attention, thus further increasing the volume. The question is, what’s 2 or 3 effective strategies that when combined will keep the daily volume above 1 million for several month(s)?
All I can think of is a bunch of the nash community running taker bots, to help compliment whatever plans Nash has to increase user adoption and volume (if 500 bots had a measly $5 each and made 50 trades, that’s roughly our all-time high volume?) It’s a critical phase where small contributions make the biggest difference. I’d love to hear if anyone has other ideas.
I feel that once volume reaches a cetain point, it will just explode (e.g. if it reaches 10 million daily volume, then people will become very tempted to buy and stake NEX, and the act of staking will encourage them to trade only on this exchange; the more tokens we have listed at that stage, the better). Going from GA to a consistent 1/3/5 million is the daunting part. As those people buy NEX, the token price increases and everyone sees it performing like a beast on CMC, which is pretty much free marketing.
Nash has a lot going for it, it’s just a matter of identifying obstacles and plans of attack - as to circumvent obstacles and maintain momentum after kicking things off.