NuMoney Exchange - Brief Summary and Simple

NuMoney is a cryptocurrency exchange with markets denominated by local currency and major coin pairs.
The platform is a trusted crypto currency exchange because they have address crucial shortcomings in the current market. With its interesting methodology, the platform will make trading in digital currencies more open and decrease the risk level related with the exchange.

 history of nu money and team: https://exchange.numoney.store/story

Running NuMoney’s OTC service was straightforward:

• Acquire a cryptocurrency liquidity provider
• Fund our account via wire transfers
• Resell cryptocurrency at a spread

In the first 2 months, we crossed S$1.2M in turnover.

Bank and liquidity provider issues
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,rapidmovements of cash. Particularly so if you run a cryptocurrency startup. So we soon encountered problems with both the liquidity providers and our banks.
Nevertheless,thisfast growth demonstrated a huge demand for cryptocurrency in Singapore. For us to satiate this demand, we have to eliminate these points offailure.

Advantages of NuMoney Exchange

When using the "fiat-in" and "fiat-out" direct options, NuMoney Exchange works with the Gemini Exchange base in the US. However, unlike Gemini, NuMoney Exchange offers many combinations in pairs, which means that users are still worried about how to make big money, for example, Binance. It also offers cold and hard copper purses.

The presence of data storage and customer waiting time responses wherever traditional Cryptocurrency users: local users can immediately verify your physical office and their accounts, their accounts, deposits, money, and start trading immediately while checking their accounts simultaneously. Kriptotreyderov to search for problems with obstacles imposed by the bank and buy shares, very pleasant and interesting.

The money that deposits users in NuMoney will be stored physically in storage with a high level of security. The idea of a team is to avoid situations when there is blocking of accounts by institutional banks, leaving clients in trouble with illiquid assets. Maintaining a constant stream of liquidity is NuMoney's main exchange philosophy.

NuMoney welcomes the contributions of government regulators and engages in dialogue with the Monetary Authority of Singapore (MAS) on a pragmatic solution for policy implementation for trade cryptocurrency. Since they are not a stock exchange, there is no requirement for a license for their work at any given time. government regulators in Singapore are open to the development of chain blocks and cryptocurrency as long as they meet the requirements of "Money laundering / prevention of terrorism financing", as described in this statement issued by, and the response of MAS.

In general, the NuMoney system is configured in such a way as to provide simplified, hassle-free and fun procedures for trading crypto currencies.

What makes NuMoney Exchange Unique

• Instant KYC checks at brick and motor exits, where hard carpets are also available for purchase
• Traditional obstacle circuits imposed by banks and crypto exchange
• Deposit cash and withdrawal without restriction
• Various alto-coin pairs on the exchange
• In the process of negotiating with the state regulatory body on the application of solutions for crypto currency

A SOUTHEAST-ASIAN CRYPTOCURRENCY EXCHANGE

NuMoney Exchange aims to be an exchange, a model similar to Gemini + Binance, with fiat-in and fiat-out through physical stores across Asia.

To participate in the IEO:

• Users will deposit their ETH into the exchange. ETH can be purchased beforehand through the physical NuMoney store.

• On the launch date of the IEO, the tokens will be sold directly to buyers, and can be immediately traded on the exchange. A buy order must be submitted to purchase NMX tokens with your ETH.
• The first 3 days of the token sale will be exclusive to whitelisted members with the most number of ETH deposited on the exchange prior to the IEO. Whitelisted members will enjoy a discounted NMX/ETH rate. Following the exclusive sale, the token sale will then be open to public. For more information on the token sale, refer to NuMoney’s whitepaper. To get the latest updates and announcements about the IEO, join their Telegram group. NuMoney Exchange is challenging the way conventional investment and trading transactions have been taking place through institutionalised financial systems. This makes them a key player set to revolutionise the cryptocurrency scene and shape the next stage of the global blockchain and crypto economy. By creating an accessible and user-centred platform, they are paving the way for increased mainstream adoption of cyptocurrency and secure, seamless crypto trading to take place!

NuMoney's location

• Headquarters in Singapore, NuMoney wants to open a second organization locally
• Expansion plans to regions in Malaysia, Indonesia and, finally, the Philippines.

A NuMoney Exchange Early 

• ETH / SGD connection
• ETH / NMX pair followed to sell token
• In the end, offer BTC, LTC, XRP and XMR

The NMX Token is an ERC20 utility token intended to be used in lieu of transaction fees on the NuMoney Exchange. The marker offers a discounted payment method, as it allows users to pay 3 times for their own expenses. Think of it as a discount coupon that you can use to pay for future purchases.

A total of 1,000,000,000 NMX tokens will be released. The cost of each marker is $ 0.01, resulting in sales being sold with a soft $ 10,000,000 cover.

Original Exchange offer (IEO)

Once the exchange is launched, token sales will bypass Initial Exchange Offer (IEO) within 30 days. Users can purchase NMX tokens through ETH / NMX pair.

ROAD MAP

TEAM

Steven Goh Founder & Product Manager

He is the jack of all trades. From design, to marketing and sales, Steven has shuffled between the various hats that make the company work. Graduated from National University of Singapore, Steven has a bachelor's degree in Computer Science.

Historically, Steven has built

Bach Le Tech guy

He started as a game developer and then ventured into a network and distributed system, bringing mind-set that focused on performance and concrete-oriented thinking into every project. As a person who strongly believes in the first principles and mathematical precision, he does not compromise when it comes to stability or truth. His skills are invaluable in critical systems such as exchanges. Bach holds a Bachelor degree in Communication and Media from National University of Singapore.

Benjamen Lim

Benjamen has a Bachelor of Engineering degree from National University of Singapore. Currently focusing on investment research in family offices, he values the value of technology brought to society and how investment success is intertwined with early adoption of promising new technologies.

Ong

Raised in an entrepreneurial family, Ong graduated from Queensland University of Technology. He began his career as a sales engineer with a reputation that was vigorously protecting his client's interests. Intelligent negotiations and cutting-edge marketing strategies combine with uncompromising integrity as a feature of Ong services.

From real estate to stocks, watches, and antiques. Ong is always eager to invest. Ong is strongly driven by its investment principles, social impact, innovation, scalability, and financial sustainability.

Ong will lead the expansion of NuMoney in Malaysia.

Lee Weiping

Eliminate majors in Customer experience and business management. He is an apprentice at NuMoney and manages our OTC services. He has since joined us completely to lead the NuMoney retail chain's daily operations after proving himself to be great with details and customers.
In his spare time, Weiping trades cryptocurrency.

FOR MORE INFORMATION:

Official Website: https://opencollectors.network/
Whitepaper: https://opencollectors.network/layout/OpenCollectorsNetwork
Join us on Telegram: https://twitter.com/open_collectors
Facebook: https://www.facebook.com/OpenCollectorsNetwork
Twitter: https://twitter.com/open_collectors
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=2881612.0

AUTHOR: cobaahyuk
PROFIL LINK: https://bitcointalk.org/index.php?action=profile;u=1785718
ETH: 0x952Ba6f317cdD5f5aa6655CE6eCdcEd0252a72d2