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zaraki



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NewbieActivity: 5Merit: 0 Re: [ANN] [NEXT] NEXT.exchange - regulatory compliant hybrid exchange April 18, 2019, 09:11:35 AM #6



Quote from: bcypher on April 18, 2019, 01:51:06 AM Awesome. When is the mainnet due? What are the trading pairs that are going to be on NEXT Exchange?



The team said the mainnet will be launched in April. So unless they decide to postpone it, I think it'll be ready at the end of the month. Regarding to the pairs: currently each asset is paired with BTC, ETH, NEXT, EUR and USD. They'll add other fiat options like GBP and JPY later, but I'm not entirely sure if those will also be basic trading pairs. I think it makes sense that they will.



Quote from: ivan1975 on April 18, 2019, 05:23:35 AM Hello.

Is KYC mandatory, or we can withdraw some amount 1-2 BTC without KYC verification?



The team had an AMA session recently on Reddit. There's a transcript of it on





Quote from: thin on April 18, 2019, 07:46:38 AM exchange running on masternodes network? sounds unusual. Let's see. Would be nice to see also some rules and restrictions, like if there is a country permission, do you need to pass validation before deposit/withdraw, etc.



The exchange isn't going to run on the masternode network. The Next blockchain, which is a combination of PoW and PoS will be the backbone of the exchange. Although I'm not aware how they are technically going to implement it, I'm aware that they are going to record each trade on their own blockchain.



I am aware of a few rules regarding to the masternodes, but beware that these rules could be adjusted/changed at a later period, so don't rely on my post.

-KYC is required for running a masternode

-1 masternode per person

-Some countries are indeed restricted. I don't have a list though.

-The network will be capped at 100 masternodes (This is one of the things that can change, so don't see it as a never changing fact! 100 masternodes currently make sense because of the low circulating supply of ~3.8M Next. That's like two-third of the circulating supply) I'm just a regular user following this project for a while and I think I can answer a few questions.The team said the mainnet will be launched in April. So unless they decide to postpone it, I think it'll be ready at the end of the month. Regarding to the pairs: currently each asset is paired with BTC, ETH, NEXT, EUR and USD. They'll add other fiat options like GBP and JPY later, but I'm not entirely sure if those will also be basic trading pairs. I think it makes sense that they will.The team had an AMA session recently on Reddit. There's a transcript of it on Medium . As far as I understand from the AMA, KYC is required for FIAT operations. They have a table categorizing different user classes. Although the table is not final, if I understand it correctly, you can see that they allow withdrawal worth of 1000 per day and 10000 per month.The exchange isn't going to run on the masternode network. The Next blockchain, which is a combination of PoW and PoS will be the backbone of the exchange. Although I'm not aware how they are technically going to implement it, I'm aware that they are going to record each trade on their own blockchain.I am aware of a few rules regarding to the masternodes, but beware that these rules could be adjusted/changed at a later period, so don't rely on my post.-KYC is required for running a masternode-1 masternode per person-Some countries are indeed restricted. I don't have a list though.-The network will be capped at 100 masternodes (This is one of the things that can change, so don't see it as a never changing fact! 100 masternodes currently make sense because of the low circulating supply of ~3.8M Next. That's like two-third of the circulating supply)

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Hero MemberActivity: 1414Merit: 514 Re: [ANN] [NEXT] NEXT.exchange - regulatory compliant hybrid exchange April 18, 2019, 10:55:52 AM #13 One of the privilege earned by holding your native token is the ability of early bidding for new tokens, how many token does one need to be able to enjoy this privilege? And how does the other community or the projects' team will think about this? Most exchange will not disclose the date and list of new token listing, and this feature propose a "violation" to the unwritten rule.

glebj

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Copper MemberNewbieActivity: 93Merit: 0 Re: [ANN] [NEXT] NEXT.exchange - regulatory compliant hybrid exchange April 18, 2019, 03:03:29 PM #15 Quote from: holydarkness on April 18, 2019, 10:55:52 AM One of the privilege earned by holding your native token is the ability of early bidding for new tokens, how many token does one need to be able to enjoy this privilege? And how does the other community or the projects' team will think about this? Most exchange will not disclose the date and list of new token listing, and this feature propose a "violation" to the unwritten rule.





It will be listed and then locked for trading unless you have the required amount of tokens, 100, but subject to change in favor of users based on market conditions. It will be listed and then locked for trading unless you have the required amount of tokens, 100, but subject to change in favor of users based on market conditions.

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Hero MemberActivity: 1414Merit: 514 Re: [ANN] [NEXT] NEXT.exchange - regulatory compliant hybrid exchange April 18, 2019, 06:25:11 PM #18 Quote from: glebj on April 18, 2019, 03:03:29 PM Quote from: holydarkness on April 18, 2019, 10:55:52 AM One of the privilege earned by holding your native token is the ability of early bidding for new tokens, how many token does one need to be able to enjoy this privilege? And how does the other community or the projects' team will think about this? Most exchange will not disclose the date and list of new token listing, and this feature propose a "violation" to the unwritten rule.





It will be listed and then locked for trading unless you have the required amount of tokens, 100, but subject to change in favor of users based on market conditions.

It will be listed and then locked for trading unless you have the required amount of tokens, 100, but subject to change in favor of users based on market conditions.

Just to make it straight, the owner of 100 NEXT (subjected to change) will earn a privilege to buy and sell newly listed tokens up to 14 days prior to public listing? Or will it be listed and then locked from public?



Let's say, an ABC token is to be listed on January 15th, will the owner of 100 NEXT be able to start trade them from January 1st or will they still only be able to trade from 15th (whereas the other will be able to trade on 29th)? Just to make it straight, the owner of 100 NEXT (subjected to change) will earn a privilege to buy and sell newly listed tokens up to 14 days prior to public listing? Or will it be listed and then locked from public?Let's say, an ABC token is to be listed on January 15th, will the owner of 100 NEXT be able to start trade them from January 1st or will they still only be able to trade from 15th (whereas the other will be able to trade on 29th)?

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Copper MemberNewbieActivity: 93Merit: 0 Re: [ANN] [NEXT] NEXT.exchange - regulatory compliant hybrid exchange April 21, 2019, 07:40:45 AM #19 Quote from: holydarkness on April 18, 2019, 06:25:11 PM Quote from: glebj on April 18, 2019, 03:03:29 PM Quote from: holydarkness on April 18, 2019, 10:55:52 AM One of the privilege earned by holding your native token is the ability of early bidding for new tokens, how many token does one need to be able to enjoy this privilege? And how does the other community or the projects' team will think about this? Most exchange will not disclose the date and list of new token listing, and this feature propose a "violation" to the unwritten rule.





It will be listed and then locked for trading unless you have the required amount of tokens, 100, but subject to change in favor of users based on market conditions.

It will be listed and then locked for trading unless you have the required amount of tokens, 100, but subject to change in favor of users based on market conditions.

Just to make it straight, the owner of 100 NEXT (subjected to change) will earn a privilege to buy and sell newly listed tokens up to 14 days prior to public listing? Or will it be listed and then locked from public?



Let's say, an ABC token is to be listed on January 15th, will the owner of 100 NEXT be able to start trade them from January 1st or will they still only be able to trade from 15th (whereas the other will be able to trade on 29th)?

Just to make it straight, the owner of 100 NEXT (subjected to change) will earn a privilege to buy and sell newly listed tokens up to 14 days prior to public listing? Or will it be listed and then locked from public?Let's say, an ABC token is to be listed on January 15th, will the owner of 100 NEXT be able to start trade them from January 1st or will they still only be able to trade from 15th (whereas the other will be able to trade on 29th)?

You have it correct in the last part. Once it is listed on the 15th, holders will have access on the 15th while everyone else will gain it on the 29th. You have it correct in the last part. Once it is listed on the 15th, holders will have access on the 15th while everyone else will gain it on the 29th.