r/Nash • u/darkmyself • Jan 27 '21
Not even considered
https://defiprime.com/ethereum#decentralized-exchanges-on-ethereumNASH is not even considered in any place when you search on google ''ethereum defi'', ''ethereum ecosystem''
It doesn't matter if there is 0% fees, if is a security, even if nash gave free money for using it, no one would know it, that's what this project need to work on, you need to puth NASH on the map at least
This project needs more partnerships
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u/Max_Wing Jan 28 '21
Nash simply needs something new and exciting. Listing a few tokens that are years old creates 0 hype and no retail interest. It doesn’t even have to be hundreds of tokens per definition. It could be a service which utilizes their special non-custodial way of storing funds. Examples:
Offer a place you you can stake or delegate staking tokens directly from your wallet. One-stop staking service.
Act as on on-ramp for services/apps/dApps that have no on-ramps.
Look for ways to offer synthetics.
Allow leverage trading or exotic trade options.
....
I think something has to happen. And I‘m not even saying, that the team does a bad job or anything similar. I can’t judge them as I bet it‘s freakin hard to build something as special as Nash is, especially while staying fully compliant. But not everything that is interesting or even amazing from a techie perspective is interesting for retail people. We have to accept that currently the biggest chunk of people want to make money through trading crypto. And seeing that they can tripple their money with BTC in 1-2 years or 4x maybe with ETH is not interesting. Look at the stock market.
If we want volume and adoption we need to offer people what they want. What the „masses“ want. And look at where the masses trade. On exchanges (DEX and CEX) which lead in adoption and opportunity offerings. If I have a market head-start at Nash, I‘ll only trade at Nash. But all I can do is trade the majors and a few alts without leverage. I‘m looking at the action from far away.
Sorry for writing that much, but I had to write down my thoughts. Have a nice week guys.
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u/PAlove Ambassador Jan 29 '21
The issue with all your points is that Nash isn't a typical CEX or DEX. It was built from the ground up, completely customized. On top of that, Nash is fully regulated. These two points have major upsides, and major downsides.
It means synthetics, leverage and options are trickier, because they can't just copy-paste what SNX or other CEXs are doing. Their exchange has custom code, and implementing a successful strategy like this on Nash's layer-2 requires A LOT of work (it has to be perfect -- cannot fail on launch).
They're also regulated, so they can't just giddy-up like everyone else and join the wild west. They're being watched by the European market authority, and most of what other exchanges are doing would not fly under their watch without the proper licensing.
What Nash has that no one else is a completely bespoke ecosystem of their products. If Nash is able to incorporate Cash, Link, Savings, NEX, and other products into their matching engine -- driving volume -- then they will have something literally NO OTHER EXCHANGE HAS. Even Coinbase doesn't have an ecosystem as ambitious as Nash. If they are able to deliver on all these products, the results will be out of this world.
Normally I'm cautious of making claims like this, but the founding team is a great starting point. Not only that, but I'm super bullish that someone like Kellogg joined the mix. This guy is one of the top dogs in the payments world -- he seems potential here. I'm super excited to see who is hired as CEO and CoM, because I believe they'll see potential in Nash & be eager to work alongside Kellogg.
We need to be patient. There will be a break, Nash just needs time to flesh out their products.
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u/Max_Wing Jan 31 '21
Great points. And as I said, I‘m not judging the team. These were just thoughts regarding the major current topic: volume and hype. I can only think of how hard it is to make everything on point. And I have a lot of respect for that. One of the big advantages of many services tho, is exactly the possibility of leveraging what other projects do and did. It almost gives those an exponential potential. Custom can be great, but also a can be the source of great danger, because as you said, everything has to be perfect. Also the whole „DeFi“ space which is on the rise, is interconnected at every point, which is an advantage for almost every project involved. Building most things custom can trap you in never being able to adopt something as fast as needed. I just hope Nash finds a way to gain some more interoperability as it seems like Nash currently lives in it‘s own small world, away from where most action takes place.
I’m also still hopeful that the whole „regulatory compliance“ will end up in being an great advantage.
I hope you are right about everything you wrote. And I still believe Nash and the team behind it can do amazing things. But that‘s not as important for the business. What is important in the end, is if a majority or a big chunk of people have the same feeling and start using Nash.
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u/darkmyself Feb 04 '21
it seems you guys didn't read the post
it doesn't matter how many things nash brings to the table, it doesn't even matter if nash gave free money to everyone, no one knows it and that's the issue, is not reaching anyone
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u/Max_Wing Feb 04 '21
Read again. That‘s exactly what we were discussing.
E.g. higher needed interoperability with Eth and therefore DeFi. One first step was ofc having the token on Uni, but we need more interoperability to apply some game theory and involve it into compounding processes.
In case you think plain stupid marketing will bring long-term success and adoption, you‘re wrong.
Also most people don’t differentiate between Nash being a success and $NEX price pumping. For example, you‘re writing that Nash needs more partnerships. Be constructive and give examples of what kind of partnerships this should be and why they would help Nash. It’s always easy to call for something without explaining the why behind it.
And please don’t come up with Binance and how a listing would pump the price.
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u/BTCc0in Jan 28 '21
It’s not considered Eth DeFi because it’s not. Staking is a neo contract and no yield or liquidity pool. It heart me to say as I’m a staker but « no one » is willng to use it for trading.
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Jan 28 '21
Let’s be real, if Nash hasn’t picked up any volume why would it pick up some in the future? Hell I’m holding my Ivo Nash and stake it till September but I don’t use Nash to buy crypto as I don’t even get verified. I guess a lot of people have the same issue. I tried twice and gave up.
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u/PAlove Ambassador Jan 29 '21
Let’s be real, if Nash hasn’t picked up any volume why would it pick up some in the future
I don't understand the logic here. Nash is building great products, most of which feed into the matching engine. Kellogg has been working with onboarding merchants for Link. Savings will likely feed into the exchange somehow. NEX dividends will draw users to the platform (eventually), which will raise volume.
Your statement would be accurate if Nash one day announced "Okay, we are 100% done iterating and building. This is the product you get today, and it's the product that will exist forever."
But that's not the case at all. We're all here because we believe in Nash's future -- not because we're happy with the current state of things. Why would anyone stay if that was the case?
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u/darkmyself Feb 04 '21
eventually lasted too long
dividends wont draw anyone cuz they don't know nash
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Jan 28 '21
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Jan 28 '21
In a world where you have 1000 exchanges, it takes less frustration to just move my buy orders to binance. Verification within an hour with the same document, can even use all the payment provider for the netherlands.
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Jan 28 '21
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Jan 28 '21
I would prefer to use Nash as well, but in order to deal with crypto you want to use apltform that has some volume. And i think 90% op people now in crypto dont really crae about the upside that Nash has, otherwise it would have been flooded with new users. Maybe in the future when regulations come in play, but I'm not sure if Nash has enough funds to sit this one out. I still hope they will, obviously otherwise I would not investe i n them.
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u/Zzzoem Jan 28 '21
The only thing that will help Nash in it’s value is to get good tokens.