Quote from: holydarkness on September 01, 2020, 07:24:21 PM

Quote from: Flangler on August 28, 2020, 11:19:45 AM

Quote from: ChrisPop on August 26, 2020, 07:08:49 PM

Quote from: btcholder on August 22, 2020, 10:12:55 PM

Yeah, very long process. I don't know investors will invest on their money for this much long time or not. Cause most of investors (specially early birds investors) invest on projects for earn some good profit after listing coin. Of course i know make a good quality project is not a easy task and it take some times. But this is much longer than expected. Hope project team have much interesting idea to attractive investors.

The trading fees are lower than Binance's if I am not mistaken. A lot of the purchases should come from traders who want to lower their fees. Plus, affiliates need NMX to advance in referral level to unlock higher tier bonuses.
In conclusion I don't think most of the funds contributed will come from speculation (although it is very enticing), but from the actual use-case of the token.

I just hope that the exchange operations can be sustained from the generated volume. Currently they are generating around $1M/day which should translate (with an average of 0.02% fee/trade) into $200/day = $6000/month. I'm sure the volume will increase once trading bots/APIs are introduced + the futures.

Their token is overpriced too much with a total supply of 200KK the same as Binance. They are selling it for 1$ per one or even more while binance sold theirs for 0.1 per one.
If you actually try their exchange you will see how bad it performance is. It is lagging a lot of the time, sometimes you have to wait over 5 min just to open the website.
Plus 50% of tokens are in devs pocket. As I calculated to mainaint the 1$ price per token they would have to be at the bottom on top 100 cmc which is impossible with current exchange.
If the exchange is lagging with that few users what will happen if more join? Do not hate me for that I'm always trying to say the truth beacuse there is no other way.

If I may pitch in, determining rate as 1 NMX for 1 USD will not be impossible if they apply a stablecoin system. That way, not only they will be able to maintain the rate, butnit will also be a competitive advantage to encourage people to use the site.

Other method will be the old school burning method. If they burn certain percentage of token utilized as fees payment, slowly the total supply will decrease and price will likely goes up.

That is the hard challenge for tokens or alts that wanted to set a specific value for their coin. Once they are in trading, you will have no control to what the traders will sell it to. Unless, they will set the sell limit in their exchange like 1 USDT. This is interesting how they can maintain the price once they are already in trading. As a new exchange without KYC when you are transacting below 3BTC daily, I am eyeing this to use in the future.