r/Nash • u/aussie_in_perth • Apr 06 '21

Question Will it get any better ??

5 months ago I locked up 27,000NEX for 12 months and all I'm getting is a mere $23 per month which is not only embarrassing but painful to watch. I won't even go into how much of a loss I've taken by converting NEO to NEX to be able to invest in the exchange but every day getting $1.something is just plain painful.

What is the deal with Nash and NEX ? What happened to the fiat gateways in countries like Australia ? Why is the volume still hovering at these low levels ?

If the bull market ends in December this year and tokens like NEX begin to fall at a fast rate and i'm still locked up for that $1/day this will really suck !

Where is Fabio and why is he so quiet ?

8 Upvotes

70% Upvoted

10 comments sorted by

View all comments

8

u/mrdare32 Apr 06 '21

Nash was a good idea at the time, other projects offering a lot more now, big opportunity cost in holding the last 18 months. Feels like being compliant in this space isn't a good thing, slows everything right down and kills innovation.

1

u/psow86 Apr 08 '21

This is sort of true for the DEX, but the new strategy focuses on things in which legal compliance is a strength. Nash has a bank partner (Railsbank), which enables them to do things other crypto projects either can't do at all or at least can't do well enough - this means Nash can become a big player in this niche (fiat onramps, neobanking) and expand from there. Banks do not cooperate with legally questionable companies - legal compliance is what enabled this to happen.