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NuMoney Exchange

An Asian Cryptocurrency Exchange Token

NMX token is an ERC20 token that NuMoney Exchange minted as a token for fee discounts for future transactions on NuMoney Exchange. These tokens are then sold on NuMoney Exchange token to bootstrap the exchange's liquidity.

2.4
2 1 expert rating
Benchy 2.7
KYC
Experts
1.0
1.0
1.0
Review: coming soon PRO
~$2,000,000
value of tokens sold in ICO
Ended
Token
NMX
Type
Price in ICO
0.0100 USD
Country
Whitelist/KYC
KYC
ICO start
3rd Aug 2018
ICO end
28th Sep 2018
Visit ICO website
Report
Changelly

About NuMoney Exchange

Born out of frustration over our inability to purchase cryptocurrency conveniently, we started NuMoney as an over-the-counter service. Running NuMoney's OTC service was straightforward:

  1. Acquire a cryptocurrency liquidity provider
  2. Fund our account via wire transfers
  3. Resell cryptocurrency at a spread In the first 2 months, we crossed S$1.2M in turnover.

In the first 2 months, we grew so rapidly that the points of failure became naggingly obvious. Neither banks nor liquidity providers appreciate high-volume, rapid movements of cash. Particularly so if you run a cryptocurrency startup. So we soon encountered problems with both the liquidity providers and our banks. Nevertheless, this fast growth demonstrated a huge demand for cryptocurrency in Singapore. For us to satiate this demand, we have to eliminate these points of failure.

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