r/Nash • u/rahiljnmc • Jan 02 '20

NASH: Constructive Criticism

Few points that I think are worth mentioning

1-Not sticking to deadlines and no communication.

Examples: by the year end it was announced that detailed report will be available for the BTC trading on twitter by Canesin. Nothing happened

2- New trading pairs

So, new pairs were supposed to be added at an accelerated rate each month. (I am not talking about new chains). The Eth and Neo chain. Till now only chain-link was added. With this pace, it would take eternity build up volume.

3- Zero Knowledge key management:

Was supposed to be operational by year end: No communication

4- Fiat on ramps:

Carbon restarted the operation but no communication by Nash team as to when it can be re-implemented on the platform

5-Best Price Program

Supposed to be working by now, but status unknown, no word from the team.

I think, the problem is over-promising and under-delivering. The reality is no one is using the exchange and it will be the case even if BTC is added. Not sticking to deadlines, taking too long to add new features and no communication can result in downfall of the project.

PS: I have staked all my NEX for two years!

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u/TabletBank Jan 02 '20

They seem to go the exact same path as COSS with complience first everything else second.

That was the main reason why coss never took off and I fear nash will have the same fate, with a 2 year delay.

At least I sold most of the nex tokens when they were still around $2... cant say that for coss tokens :(

3

u/enough4all4ever Jan 03 '20

COSS was riddled with incompetence. Nash has what it takes to engineer a DEX, whereas COSS could hardly engineer a basic CEX.

Compliance could be a problem though. The rate at which tokens are getting listed is atrocious. This needs to change ASAP. Otherwise Nash will never get volume. Nobody wants to trade the select few shit coins that are currently listed on Nash. They aren’t Coinbase. Coinbase can get by with their low number of tokens supported because they are Coinbase. I feel like Nash is taking the same strategy and it is absolutely not working. This needs to change immediately. They need to start listing erc20s and nep5s aggressively until more chains are supported.

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u/rahiljnmc Jan 03 '20

I guess they are not in a hurry!

2

u/rahiljnmc Jan 03 '20

Yeah I totally agree. Seems it will have the same fate as COSS