Why nash might be the best DEX?
Nash(used to be Neon Exchange) is a decentralized exchange founded by some of the experienced blockchain developers which come from City of Zion(CoZ). CoZ is a global, independent group of open source developers, designers, and translators formed to support the NEO core and ecosystem. The CoZ created projects such as the popular ones like NEONWALLET, which allows users to store their NEP-5 tokens safely and NEOSCAN, which allows users to track neo-related addresses easily on the blockchain. The nash team members have built core infrastructures for NEO blockchain that is used by hundreds and thousands of people on a daily basis.
In short, the founders of nash come from a several years background of strong blockchain experiences and their overall credibility is above average due to the previous projects that they worked on which makes nash a great investment in my opinion.
Neon Exchange is now "nash"
Nash used to be called NeonExchange(NEX). However, due to legal constraints, and also another reason that nash team has already wanted to rebrand, motivated them to do so, which comes nash. Nash is now easier to promote as it has a shorter domain, and is easier to remember. Nash also has a deeper meaning to it, which was explained by Fabio Canesin, one of the Co-founders of nash in one of the interviews with Blockchain Brad, that out of several hundreds of names, nash was picked due to a mathematician named John Nash.
In the above video, Fabio explained,
"JohnNash was the outwork of nash equilibrium, which plays a big role in economics and financial markets. That means it plays a big role in blockchain"
In short, nash is more than just a name!
But, what really is nash?
Nash is a decentralized exchange which uses an off-chain matching engine. Quoted from a recent medium article from nash,
"By matching trades off the blockchain, we bypass its speed restrictions. We can also match trades across multiple chains, like a centralized exchange."
It is also critical to note the main features of the matching engine as shows below video shared by nash.
Quoted from nash, "Our matching engine is a provably fair, distributed system, adding extra security and requiring even less trust"
More importantly,
"The Nash matching engine is essentially a multi-chain state channel manager. A state channel is a kind of account that is opened off a blockchain, allowing users to update balances that are only written to the chain at a later date. This is faster than recording every transaction to the blockchain and is essential to scaling solutions such as Ethereum’s Raiden Network. Cryptography ensures that requests to change balances in the channel are valid."
Unlike the normal DEXes today like IDEX, nash will be executing trades off the blockchain. This means that trades on nash can be much faster now without being clogged in the blockchain network. nash can even be able to challenge the speed of Centralized exchanges today such as Binance/HitBTC/CoinbasePRO/Kucoin/Gemini.
Smart Contract testing
Nash audit tested their smart contracts as much as possible until they are perfect. Above is a youtube video by nash exchange, showing transparently to the public all the checks that have been completed and audited on the nash platform. This shows that nash takes its security and User Experience seriously, which again, boosts the confident levels of its investors, and also the users of the platform.
To summarize, nash exchange will excel in trades in terms of speed and also non-custodial service which gives users a peace of mind when they trade in nash exchange.
If you think that nash stops their product just here, you are absolutely wrong.
Nash provides several products in order to fulfill its mission and vision
1) nash Exchange
2) nash Mobile
3) nash Extension
4) nash Payment
Nash's mission and vision
The company mission is to distribute finance to everyone. nash believes everyone in the world should be empowered to invest, trade and manage their own assets, through decentralization.
Nash's vision is to bring the best user experience to its users, which means the products should be easy to use, which even your grandma can use it.
A glimpse of where employees of nash comes from.
Nash hires talents from all over the world. Employees from nash today are able to work remotely, which explains the diversity.
As of the Q4 2018 report by nash, 9 new employees joined nash to build the platform. This is a 40% increase for talents as stated in nash Q4 report.
Now comes the exciting part!
The NEX token
For anyone who has been following nash since the start, it's known that anyone who stakes NEX token will be rewarded up to 75% dividends coming from the fees collected by the nash exchange. The profit sharing can be claimed monthly. NEX token is a regulated security token approved in Liechtenstein. Ethan, one of the nash co-founders who currently holds a CS Ph.D. in Stanford, has written an article regarding why nash is pathing towards the security token approach.
One of the reason is that nash views compliance as a need for the business to stay long-term to reach its goal, distributing finance to everyone. Once the crypto space matures and goes mainstream, businesses who wish to stay long-term, will and must somehow be regulated.
Ethan also shares that,
"Issuing a security token brings investors in NEX many benefits, such as protection against market manipulation, fraud, and insider trading. Perhaps most importantly, it allows us to pay our investors dividends through fees taken by the exchange, a form of profit sharing."
It is important for nash to be compliant for it to be able to legally share the exchange profits to its investors who stake the NEX tokens.
Now that you know about nash, you should be thinking...
How do I pre-register for nash exchange now to win #bitcoin and #NEX tokens?
1st place $35,000 BTC + 15,000 NASH (NEX)
2nd place $20,000 BTC + 10,000 NASH (NEX)
3rd place $10,000 BTC + 5,000 NASH (NEX)
4th place $5,000 BTC + 1,000 NASH (NEX)
And 30 prizes of $1,000 + 500 NASH (NEX)
The referral program giveaway ends at 18:00 UTC, 17 June 2019
It is easy to register for an account on nash.
All you need now are only 2 things,
- referral code <<click the link to sign up. (Enter referral code: 23zpsv if need to as referral code is a must to sign up for pre-registration)
- Email address
What to do after creating an account on nash?
The nash exchange will be launching on 31st March 2019, open to all members of the community.
After creating an account, you will be given a unique referral code of your own.
It will look like the photo below
You can immediately start referring your friends to earn tickets after receiving the unique referral code in the nash website.
Each ticket earned allows more chances to win the lucky draw. This is how easy it is to be part of the lucky draw.
Terms and conditions are stated in nash website
One important note is that you must have at least $25 in your account funds management in order to be considered for the draw.
TLDR: How to win #Bitcoin and #NEX tokens?
Simply sign up for a nash account HERE and stop there
OR you can increase your chance to win by taking the second step by referring more people to sign up for the pre-registration.
Good luck!
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