The referral program will be open to all existing referrals, who will count as new as of the date it launches. See the above response to Symiaq.
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These are totally independent. Our expansion plans have not changed.
Institutional clients are very different, but we’re considering their opinions (we are in touch with many through our partners). We’ll pursue them when the time is right.
The products themselves are solid and will get even better with time. The biggest hurdle is achieving a perfect combination of UX, brand and message. That’s why we’re working with Resoluut, a well respected and successful agency in the Netherlands. We look forward to revealing the fruits of that work early next year.
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We definitely have not forgotten our long-term users. However, your suggestion is something we can’t offer – we need to redirect resources to attractive schemes for acquiring new users, like the referral program and specials.
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Yes.
Simplicity. We don’t want to create strange incentives to hold on to the end of the month before buying or selling NEX.
Our team is very skilled and they have already built out the processes to make this work.
We don’t believe it’s difficult to understand. We’ve also received feedback from outside parties that it is not difficult to understand. The infographic at the bottom of the article summarizes the main points in a way that anyone should be able to follow.
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We want there to be an obvious gap between one year and the lifetime reward – we believe it creates more motivation to aim for the top level.
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Clearly lots of people are going to have their own ideas for this. We like what we’ve come up with, which we think creates motivation to obtain a large number of NEX tokens and is easy to understand.
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Polygon is a larger ecosystem since it incorporates so many Ethereum projects. N3 migration will take place next year – in fact, we already ported all our NEO contracts to N3. Stay tuned.
Nash continues to enjoy a very good relationship with NEO. However, we won’t openly discuss our business development efforts.
The regulatory landscape in the US is complicated at the moment, so I don’t envision a US launch in the immediate future.
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No, the new tokenomics are not legally binding like the L2 revenue share. But then again, neither are many other crypto projects’ tokenomics. So, in theory, they are subject to change. However, Nash has its reputation to protect, so we are not going to try to change these tokenomics to disenfranchise investors. Moreover, team members also hold tokens and want their investments to perform well. As you can see, we put a lot of thought into the new tokenomics and a large majority of the community likes them. Everything we do, we do very carefully and with the best interests of investors in mind. So the fact that the new proposal is not legally binding should not be a concern.
All our upcoming products essentially fall within the categories already covered by the tokenomics – see the above response to Symiaq.
We only subtract basic operating costs, not salaries and so forth. Operating costs change day to day based on network fees and other factors, so I cannot provide a precise answer. See the above response to Symiaq for more thoughts.
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No details on the Nash card as yet. As we always do, we will publish details and a FAQ when it launches.
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NEX will be on all three chains, which are all equally “official”. We’re excited about Polygon because it will really open up the market for NEX, allowing greater availability thanks to lower network fees. On N3 NEX will be a NEP-17.
All the liquidity provision functionality is non-custodial and direct from users’ own wallets. Nash will not be withholding reward tokens from users. However, we will be monitoring the situation based on their Nash app wallets. Any liquidity provided from other wallets won’t be eligible for APY boosts. There’s no way to connect those wallets to the Nash ecosystem and associated rewards.
Being non-custodial is a huge benefit for us in terms of compliance, so we are not planning on adopting a custodial model any time soon.
Once we launch NEX on Polygon, the marketing team will provide the community with some initiatives to both promote Nash and drive user acquisition. In the meantime, please refer all family and friends and promote the new referral program!
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This is false. The L2 is not abandoned and was developed as promised. We keep providing liquidity for everyone to use it and have plans to make users we attract with our new offerings use the L2 as well.
Series A is not abandoned, just pushed back until we need one. This is good news. We have sufficient funds to carry out our plans for expansion. When we do go for a Series A, we will be in a much stronger position than if we rushed into one early next year.
Profit is revenue minus basic operating costs relating to each service such as smart contract fees. See the response above to Symiaq.
Earnings has not been properly promoted and marketed yet. Once marketing goes live and we have a TVL we want to share, we will do so. See my response above to luckymushroom.
No. See response above to Symiaq.
We aren’t pursuing the existing crypto market. We’re pursuing the 99% who don’t have stablecoins, making it as easy as possible for them to access these services. We are building products that will be used by a much larger audience than just crypto people – a much larger and more profitable market. If you wish to use Nash earnings right now, you will have to cash out your stablecoins to fiat and then participate in our earnings product.
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Yes, there will be. See my responses above for more thoughts on the L2.
Yes, most likely.
It’s very unlikely that it will be part of the main app as the UX for the exchange on mobile is hard to realize and people complained a lot about it in the past. We keep supporting the exchange on the webapp. A “pro” app for the exchange is also a consideration.
With enough traction, operating the L2 with a 75% profit share definitely can be a viable business model. The remark you’re referring to from the first post here is about our new products, not the L2. The exchange can still be profitable even with a high revenue share, but we can’t extend that model to our new products.
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It looks like Encephalopath already gave you a good answer.
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No. The L2 is already a kind of “non-custodial CEX solution” (a hybrid of state channels and a centralized matching engine). As for the other products you mention – some of them will feature in the new app (earnings, many coins on DEXes and the fiat gateway). Perhaps at some point in the future we will be able to provide leverage trading on the exchange.
Yes.
Nash isn’t aimed at people who are using Aave manually and paying huge Ethereum fees. When Anchor and other packages are added, we will be offering rates that are higher than what Aave provides much of the time.
No. As has been previously stated, Nash Link is on the backburner for now. We are too early 
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Correct. Dividends are related to the number of NEX you hold as a proportion of the total 50M supply, like with the L2 exchange, not the price of the token itself. It’s up to the market to price the token based on what it expects a fair price for such dividends to be – and speculation about the future, of course.
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This is unlikely. If Nash made a significantly larger profit, token holders would already benefit with significantly higher dividends.
We will provide more insight into TVL and revenue streams after successfully marketing the product. See my response to luckymushroom above.
In the immediate future there will be more packages offered on Earnings, more coins on the fiat ramp and improvements to the existing products. Our focus now is to deliver a stable/reliable product and complete the immediate roadmap so that marketing campaigns can start.
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We believe we’ve designed the tokenomics to reflect the success of Nash the company in the NEX price. When the company is successful, we believe NEX token holders will be successful as well.
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We considered many scenarios. However, we feel what we released is fair to both the company and token holders moving forward.
If you hold NEX, you can potentially benefit from a rise in the token price tied to the success of Nash as a business. The USD-pegged aTokens you hold in Earnings will not appreciate in price if Nash is successful. You also unlock many more features of the Nash platform by holding NEX, e.g. up to 1% lifetime APY on your referrals’ earnings balances.
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I’m afraid that you have misunderstood. You can receive up to 1% lifetime APY from people who don’t hold any NEX. The NEX requirement only applies to you.
Small investors can make a profit on NEX if the token price goes up. Our best way to achieve that is by offering incentives for people to acquire large numbers of tokens, which is exactly what the new tokenomics are designed to do.
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Once our product is live and marketing is in full swing we can look into possibly sharing some metrics like this.
Yes: people LOVE it! And it’s only going to get better from here.
Very positive, and have given their full support.
This is no longer relevant as we are moving forward with Primer for these integrations.
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