Nominex Exchange - New Binance? Great Review
According to information, the exchange is based in the Seychelles. It seems like there is an Estonian activity license. But I didn’t get into these details especially. If you wish, you can find out. At the moment, about 2-3 million dollars in daily trading volume on the exchange. Whether it is a lot or a little is up to you. The number of users is still small, even 50,000 users are not, so we have a lot of opportunities. I am registered under the number 8238. But after the information about the exchange spreads around the world thanks to revolutionary functions, then everything can change very, very quickly. And so, fasten your seat belts, let's go!
1. UNIQUE PARTNERSHIP PROGRAM
This is where we start. This is the main function of the exchange. Have you ever seen an affiliate program with UNLIMITED levels? Now yes! And with the "overflow" effect? This is when you are lying on the couch, and partners appear in your team under you. So now you know what it is. And the team bonus? ... In general, this topic deserves a separate article. Read and be surprised! I put everything on the shelves, questions should not arise. Why is it profitable to register through an affiliate link? Thanks to the overflow effect, all partners of your sponsor will be under you in your partner tree. And this is awesome!
2. RISK-FREE TRADING
Tournaments for traders are held on the stock exchange every day. It seems to be nothing new, but this is only at first glance. After all, tournaments are held not with your real money, but with money from a demo account. But the winners get real USDT. Cool? 👊 You can trade without risks and get real dollars if you win, and at the same time you can take advantage of the chic opportunity to learn how to trade and become a trader. At the same time, he learns from his mistakes and does not lose a cent.
Tournament Rules
Tournaments are available to all traders. Only users who apply for participation by clicking the "Participate in the tournament!" Button will participate in the tournament. on the tournament page.
Period
24 hours, from 00:00 of the current day to 00:00 of the next day (UTC time). Every day a new tournament and every day there are winners with real money.
The terms of participation
- At the beginning of each tournament, participants receive 10,000 USDT in the tournament account;
- At the end of each tournament, the 5 participants with the highest balance in the tournament account are declared winners;
- The prize won is immediately credited to the participant’s main account
Winners every day 5 people. And everyone receives a very good amount, given the fact that it was received without risk and without investment:
2nd place: $ 600
3rd place: $ 300
4th place: $ 200
5th place: $ 100
3. VERIFICATION
With the withdrawal of up to 3 ВТС per day, verification is NOT REQUIRED. If you remember, then on Binance the limitation is up to 2 ВТС
4. NMX - EXCHANGE TOKEN
The total number of tokens is 200,000,000 NMX, of which:
- 100,000,000 NMX allocated to users;
- 20,000,000 NMX for the team;
- 60,000,000 NMX per operating fund;
- 20,000,000 NMX per reserve fund
As for the distribution of tokens to users. It is divided into 7 stages and lasts for 365 days. The finish is mid-April 2021, and immediately after that, token trading will begin. The current stage is the third. The current price is $ 0.8.
Tokens can and should be obtained for FREE. The exchange launched a monthly Bounty campaign, where you get MNX tokens for completing tasks on social networks.
What are the benefits of owning a token?
TRADERS:
- 50% reduction in trading fees when paid with NMX tokens
- The maximum reduction in trading commissions if you hold a certain number of NMX tokens
- Get NMX prize tokens in daily trading tournaments
- Participation in daily raffles and prizes
PARTNERS:
- Affiliate Program Rewards
- Receive rewards from NMX purchases of your affiliate structure
- Receive + 10% to NMX affiliate payouts
5. CASHBACK 100%
Cashback from commissions in the amount of 100%. But, pay attention that this proposal is one of the types of token distribution, which lasts until mid-April 2021. And this means that after April, 100% cashback will already be absent. But there are other types of cashback.
6. BUY CRYPTOCURRENCIES FROM THE CARD
Cryptocurrency can be bought directly from your card. This service is provided thanks to Koinal and Mercuryo payment systems. Payment systems may require KYC. Accepted: dollars, euros and several other national currencies. Supported Visa and MasterCard.
7. DISCOUNT CARDS
What is a discount card for?
Discount cards are used to apply discounts on trading commissions for a limited period of time. The purchase of any discount card is taken into account in the status of Active Partner.
Note: Only one card can be active at a time. The system will automatically select the card with the highest percentage of discounts.
8. LIMITS AND COMMISSIONS
I think that in this the exchange also wins against its counterparts - the commissions are indeed one of the lowest on the market. For all cryptocurrencies, you can see for yourself on the exchange in the "Limits" section, I will only indicate a couple of them:
Bitcoin (BTC)
Minimum deposit amount: 0.002 BTC
Minimum withdrawal amount: 0.002 BTC
Fee 0.0005 BTC
Ripple (XRP)
Minimum deposit amount: none
Minimum withdrawal amount: 22 XRP
Fee: 0.25 XRP
9. TRADE COMMISSIONS
10. TRADE PAIRS
At this stage, the exchange cannot boast a huge abundance of trading pairs and cryptocurrencies. But in the near future they promise to constantly add a new cryptocurrency. In total, there is support for 12 crypto assets and 30 trading pairs, of which: 12 cryptocurrency / BTC pairs, 6 cryptocurrency / ETH pairs and 12 cryptocurrency / USDT pairs.
In this regard, the exchange is still losing compared to other exchanges.
11. ADVANCED TYPES OF ORDERS
The exchange contains the following types of orders:
Stop order
A stop order is used to trigger a market sell when the market drops to your trigger price, or used to trigger a market buy if the market rises to your trigger price. Stop orders will fully execute as a market order once the trigger price is reached.
Stop Limit order
The stop price is simply the price that triggers a limit order, and the limit price is the specific price of the limit order that was triggered. This means that once your stop price has been reached, your limit order will be immediately placed on the order book. Although the stop and limit prices can be the same, this is not a requirement. In fact, it would be safer for you to set the stop price a bit higher than the limit price (for sell orders) or a bit lower than the limit price (for buy orders). This increases the chances of your limit order getting filled after the stop-limit is triggered.
Trailing Stop order
A Trailing Stop order provides flexibility over a stop order by executing at the more profitable position. The stop price trails behind the market price by the amount specified as price distance and allows for a stop to adjust to the market if the market moves in a profitable direction. If the stop is triggered, a market order is placed. Trailing Stop sell orders are used to maximize and protect profit as an asset’s price rises and limit losses when its price falls.
Trailing Stop Future order
A Trailing Stop Future order is basically similar to Trailing Stop order, with the only difference that you can additionally indicate the market price at which the Trailing Stop order will be activated. This is useful if you want not to miss the moment when the indicated market position is reached.
Scaled order
A Scaled order is designed to allow automatically create multiple limit orders across a user-determined price range. This tool also provides control over the diversity and distribution of orders within the price range.
12. SAFETY
As indicated on the exchange website, 94% of client funds are stored in offline wallets with multi-signatures. The exchange runs on highly reliable Google servers with a 99.99% uptime. It remains only to believe or not 😎
13. SUPPORT
There is online support right on the exchange website in the form of chat. Frankly, I have not had to contact yet, so I can’t assess the quality of support services and the competence of employees.
In principle, the main aspects in the review are indicated. Undoubtedly, there will be new features or moments that I missed. As they appear, the topic will be edited
All profit!😎
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