Nash

Nash

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Nash doesn’t take control of your funds – unlike Coinbase, Kraken or Binance. We’re the only fully-featured exchange where you can trade Bitcoin without giving up your private keys.
Data is not available
STO
To be announced
Token Details
Ticker
NEX
Total supply
5,058,651.34360946
Additional Details
Categories
Platform, Banking, Exchange

About Nash

Nash is a fintech platform where banking meets crypto. With cash accounts, DeFi-powered earnings and crypto trading all in one app, Nash bridges the gap between traditional and decentralized finance. Newcomers can access real crypto services in an app that feels just like the digital banking platforms they know. Experts can enjoy market-leading rates, next-gen wallet security and the convenience of one app for all their crypto needs. Nash makes crypto safe, easy and accessible for all.

$NEX token

A major goal of our token redesign is to make NEX as accessible as possible: easy to use and easy to obtain for those who are interested.

To achieve this goal, we must improve the NEX token’s current infrastructure. As a registered security, NEX currently is only available for trading on secondary markets. High Ethereum network fees and complicated UX for adding liquidity make these markets difficult to use. Moreover, NEX on the Ethereum blockchain must be swapped to NEO before it can be staked – another obstacle for new users.

Nash will address these challenges as follows:

  • We will bridge NEX from both NEO and Ethereum to Polygon’s Layer-2 network. This will open up the opportunity to allow more affordable decentralized markets on Polygon, like SushiSwap and QuickSwap.
  • We will provide incentives for users to add liquidity to NEX trading pools in the form of an interest rate boost on our earnings products – with simple functionality for doing so built into the Nash app. In combination with lower network fees on Polygon, this measure will improve the health of NEX secondary markets.
  • Staking will no longer be necessary to take advantage of any of the new features of the NEX token. Users must simply hold NEX tokens in their Nash app wallet (whether on NEO, Ethereum or Polygon) and complete identity verification (KYC). NEP-5 tokens that have already been staked count towards this balance.
  • NEX will be given pride of place on our app home screen, with a card informing users about the benefits of the token and offering immediate access to functions like claiming dividends and navigating secondary markets.

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