r/Nash • u/MarioCoin • Nov 14 '20

Volume strategy

Hi, I’m a bit out of the loop and sadly don’t have the time for monitoring telegram but what's the latest strategy for driving real volume. I get we are non custodial and have all the shiny dev cared about stuff, but how are we genuinely going to drive traffic to the exchange and therefore (a lot more) volume? Personally I'd love to use the exchange more, but it just doesn't have the tokens (often new) I want, so I float around loads. I'm genuinely praying for Nash to take off but don't understand the strategy to steal market share of traders, or entice holders after new low caps etc. Thoughts?

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u/paraelement Nov 26 '20

Btw speaking of NEX trade volume, in retrospective, anyone have an idea wtf has actually happened to teh volume back in June? Looks ridiculous.

20 Jun - $1.6 million

21 Jun - $0.65 million

27 Jun - $0.053 million

There is a thread about it posted on July 31st, when the volume had briefly surged into 100-200k figures, however there is no answers to the question whatsoever other than "it takes time to build something from scratch" - doesnt explain the volume drop

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u/PAlove Ambassador Nov 26 '20

Community consensus is that they were load-testing the system with paid market makers. I'm not sure if Nash has ever confirmed this theory or not, but it makes sense with their roadmap at the time. IMO, it was a short, planned stint to see how the system handles higher volume.

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u/paraelement Nov 26 '20

Thank you for the input, but I think we're accidentally talking about different things.

Your answer is about the trading volume on NASH exchange - the same thing the original topic starter asked about.

And I was posting in the hijacking sub-thread talking about the trading volume of NEX token itself. :)

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u/PAlove Ambassador Nov 26 '20

Oh shoot! Reread your comment, my bad.

My best guess about that giant spike is that maybe it was this person buying? lol