Nominex is a cryptoasset exchange located in Seychelles. Their volume over the last 12 months is $607.39M. The exchange is rated “A” which means “Transparent.” They are a crypto-only exchange.
Nominex exchange is a centralized platform that calls itself the first entertaining crypto-exchange and has even introduced an innovative concept of ‘Entertrading’ that implies entertaining trading. The team had been working over the exchange for 2 years before it was launched trying to adapt it to the changing situation of the market.
The platform, based in Seychelles, has an Estonian activity license. It was introduced in September 2019 and attracted the attention of cryptocurrency traders at once as it applied the best practices of the gaming industry on the trading ground.
The key targets of Nominex Exchange
The goal of the company is to develop a new-generation exchange that should be suitable for any system load, offer tons of unique features, and deliver the utmost security to its customers. Also, the team focused on the user-friendliness of the resource.
The mission of the company is to prepare the general market for the mass adoption of cryptocurrencies. And they have chosen a rather extraordinary approach to achieve it. The element of gaming urges many users to take part in the activity and popularize trading in this way. With the introduction of entertrading, the trading process has turned into an enjoyable and catchy activity.
The exchange employs easily scalable databases and microservice architecture alongside with the technologies used in famous world financial systems. Its real-time order matching engine was developed with the use of next-gen asynchronous technologies, therefore, it guarantees incredible performance as it can process over a million orders per second.
The platform provides the ability to create your own API keys for different goals. Apart from the real account, each member of the community gets access to a fully-functional demo account, which is used for daily trading tournaments. There is a personal dashboard at the disposal of each user that offers powerful functionality for effective management and trading.
The platform offers more than 40 currency pairs charging very low fees that start at 0.01%. At the time of writing, the platform supports BTC, ETH, XRP, BCH, LTC, DASH, ZEC, XMR, OMG, BAT, and other cryptocurrencies. The new coins are often added, so the platform expands its assortment.
Nominex offers advanced order types that enable more efficient trading. The trading instruments include stop order, stop-limit order, trailing stop order, trailing stop future order, and scaled order alongside with a TradingView integration.
The exchange conducts tournaments for traders every day. The funds from the demo account can be used for the tournament instead of your real money. However, the winnings are real, and those who win prizes get them in USDT. It means that the users don’t take any risk when they participate in tournaments. This is also an excellent opportunity to learn to trade as you don’t lose anything while the environment of real trading is reproduced.
Any member of the community can participate in the tournament. Users should just click on a special button on the tournament page. Every day a new tournament is conducted, and the winner gets real money on the next day. When the tournament starts, the participants get 10,000 USDT to their tournament accounts. When the tournament is over, the five traders with the highest balance are declared the winners, and the prize they win is credited to their accounts without delay. In this way, 5 people get 1000, 600, 300, 200, and 100 USDT depending upon the winner’s place taken.
The company that promises military-grade security employs advanced security practices including 2-factor authentication, cold storage, and multi-signature technology. Using the enterprise-level hardware and a secure processing system, Nominex also acts as a custodian for the customers’ funds on the exchange. Up to 94% of digital assets are stored on multisig offline wallets. Besides, it’s important to mention that the resource works on Google servers and can boast of 99.99% uptime.
Nominex affiliate program
The platform offers a unique partnership program. This is an affiliate program with an unlimited number of levels. It can become a good source of passive income. It’s enough to send a referral link to enter the affiliate program. If a person starts trading with your link, you will always get a percentage of his or her trading fees.
The binary tree structure stands out from other referral programs. Users are able to create their own affiliate networks adding several people to the first affiliate level. When those people add other traders to the network, the second level is created. The rewards vary depending upon the number of levels one manages to create.
The platform supports its users in different ways. There are many bonuses for members of the community involved in the affiliate program. There you can find a direct bonus, team bonus, leadership bonus, and advanced bonus for different achievements. The percentage differs depending upon the type of bonus received.
Nominex financial details
The platform supports VISA and Mastercard, therefore, users can make instant deposits. The withdrawals are also immediate. One doesn’t need to verify the account to withdraw cryptocurrencies. The withdrawal limit is rather high as it makes up 3 BTC. However, the KYC procedure is necessary for those who plan to buy NMX tokens.
Users get discounts when they pay with NMX tokens. At the time of writing, the exchange offers 100% cashback on trading fees paid in NMX. The company also sells special cards that provide a discount on trading fees for 30 days. There are three types of cards offering 5%, 10%, and 20% discount for 30 USDT, 50 USDT, and 90 USDT correspondingly.
At the time of writing, the team includes 40+ employees who try their best to make your trading experience unforgettable. Pavel Shkitin, the platform’s CEO, employs his versatile experience to develop a successful platform. He accumulated experience in such spheres as blockchain, business, advertising, Internet marketing, enterprise cloud systems, and development of e-commerce solutions.
Alexander Petrovich, CTO, is a highly-qualified backend developer. Previously, he worked in financial services development and the blockchain industry.Read More