Questions for the team - Jan 2020

  1. What trading volume is currently needed to break even business?

  2. Will you consider giving the NEX security token some sort of utility as the ecosystem develops? For instance, as a loyalty mechanism or access to additional/advanced functionalities.

  3. Are communication and marketing efforts going to increase as soon as we have BTC pairs? If not, when?

  4. Could you update on the token vesting schedule for core team and employees? When can we expect an increase in NEX circulating supply?

  5. Why is Switcheo able to trade NEX in some jurisdictions and Nash is not?

Last but not least, I believe Switcheo trading interface is much more clean, better organized and intuitive form UX/UI perspective than Nash at this current point in time. I’ve used both lately and Switcheo offers a better trading experience in my opinion. Am I the only one here who thinks this?

As positive note, happy to know 4 new engineers just joined the team! :slight_smile:

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Hi

I would appreciate an official answer on this but some of your questions were already answered in previous events or AMA’s.
I try to answer what I know:

This was answered in the past and if I recap correctly there is no kind of utility planned for NEX. It is a security, nothing else.

They already mentioned that communication and marketing activities will increase as soon as platform is open for public and current pending changes (GUI, Security, BTC) are implemented.

Because they simply do it. They do not have a license nor did they pass any regulation that allows them to trade security tokens. As long as there is no governance instance forcing them to stop they just do it.

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@carla Going to piggyback off @sergi’s post. Do you have any information about the next Q4 report?

I understand the team is busy with NashPay and Bitcoin implementation but can you provide a ‘how’ and ‘when’ for the quarterly update? @clare provided details for last year’s “Q4 meetup” (which I now understand will be conducted online).

Cheers to the new year!

  1. Nex tokens split

by september 2020 all nex should be in free to circulate

I agree. Switcheo is cleaner (and much of it is due to the font I think) and it’s better organized. I have to admit that I never found the Nash user interface really intuitive. Something is wrong with the flow. Over the last few years I have used all large and different smaller exhanges and something is not right.

I know that changes are coming to the trading interface, I hope this will make major improvements.

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I completely agree. There was so much talk about UI and somehow they managed to release something that is not at all intuitive. Switcheo is much cleaner, faster and easier to trade on. I hope team takes this and make some changes.

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Switcheo has a nice interface indeed. I like the font.

I also prefer the order tab on the left.

Let’s just wait and see what changes are coming for Nash.

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But I do prefer the interface of Nash over that of Binance.

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i am not sure if this is the same everyone feels , I found switcheo fonts are much bigger and not that attractive compared to nash… the only reason i use switcheo is for nex but i don’t see any where its superior than nash

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As you mentioned it will be done online and as soon as there is a set date we will post all relevant details!

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Hey Carla! Could somebody from the team answer some of my questions or it’s too much to ask? Last time I posted I got no comments from the team either.

I start wondering if I’m wasting my time here…

i also have to agree on the UX/UI.
The flow is missing. I like the easy window to receive/withdraw, but it can be made easier. Look at coinmetro for example, they have cards on a dashboard, like bitpanda and coinbase also have, and buttons to withdraw/deposit on those cards.

The coinmetro express platform also has a simple “You pay…” > “You Receive” functionality.

@sergi if you read your comment you will see we already worked in several of those points. If I have more time later I could list those, but things like tokens on funds manager, dark mode, some fixes and a redesign for the adv. exchange. Regarding listings we can’t list new chains as easily (you list a bunch of established and new networks) given the big technical development needed, listing tokens is the only practical listing expansion until our team is done with Bitcoin.

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Just a note: regarding other questions - It is that time of the year again, we are planning a Q4 report. So soon (~3-4wks) we will have another AMA.

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