It’s no secret that exchanges earn a lot of revenue from their operations.
Digital-asset exchanges are emerging as one of the biggest winners of the cryptocurrency boom. The top 10 are generating as much $3 million in fees a day, or heading for more than $1 billion per year, according to estimates compiled by Bloomberg using trading volume reported on data tracker CoinMarketCap.com and fee information on the exchanges’ websites. Fees in the lowest range of the exchanges’ scale were used for the calculations.
As exciting as these figures are, dividends from revenue earned are often times shared between company shareholders except in cases where the exchanges distributes it’s tokens like in the case of Binance’s BNB tokens where token holders benefit only from price speculation of these tokens. These tokens do not confer the ability to participate in revenue sharing.
Numex has come with a different approach. Numex aims to operate a more inclusive type of operation whereby token holders not only benefit from potential appreciation in value of tokens but also are entitled to a 75% share of revenue generated every 3 months provided they hold Numex tokens at time of payout. Payout is determined by the percentage of total supply of Numex tokens held by user at time of payout, I know! Amazing right?
NEXT GEN CRYPTOCURRENCY EXCHANGE
Numex aims to improve at areas where where different cryptocurrency exchanges have weaknesses.
Many large cryptocurrency exchanges fail to service both the expert trader as well as the crypto novice, those who are
just getting into the market. Simplified retail exchanges exist, but offer poor rates to their customers, and do little to educate their users. Full-featured exchanges are too confusing for a beginner to use.
There are many problems facing existing cryptocurrency exchanges such as poor customer service, confusing policies, and lack of security standards leading to lack of user trust.
Numex will overcome those problems and build a world-class crypto exchange, powering the future of crypto finance. Numex exchange will offer a ground breaking coin that enables holders of the Numex Coin (NMX) to receive 75% of all the trading fees generated on the Numex Exchange as a dividend in bitcoin (btc). Enabling a distribution of wealth that benefits the entire Numex community.
THE NYSE OF CRYPTO? NO, EVEN BETTER!
Numex Exchange will merge state of the art technology with top notch customers service to deliver a blissful trading experience. Numex will focus on the following areas in a bid produce a robust, high standard exchange.
SPEED AND SCALABILITY
Many exchanges are built by teams who have little or no experience in finance or in operating an exchange. They often choose a simple approach to get the system up and running. This may work in the beginning but as traffic grows, the system cannot handle the increased load. Exchange systems need to be designed and built from the ground up with security, efficiency, speed, and scalability in mind. This often slows down the initial development, but is critical for long-term success.
The Numex team has decades of combined experience building and maintaining world class financial systems that shape the economy. They understand how these systems are built from the ground up.
Hacks kill exchanges and security concerns scare away new traders. Many exchanges have failed due to poor security or actually stealing from customers themselves. Numex is built with the highest standards, audited, and penetration tested. The Numex team have experience building with highest security standards and strive to ensure security first.
Exchange technology in cryptocurrency is still in its infancy. The best of traditional trading and markets still haven’t made their way into crypto. The ability to trade on multiple platforms through one interface is a norm in a traditional institutional trading environment, but has yet to make it to crypto. Numex is bringing this feature to the crypto and will be one of the first to the market with the ability to trade on multiple platforms from one user interface, soon this will be the market standard. Liquidity could be the single most important aspect of a cryptocurrency exchange, for both professional traders and normal users. Having a shallow order book means high slippage when trading, which is very expensive for traders.
Numex’s team have been in both the finance and bitcoin industry for many years. The team has worked on and operated a number of exchanges, and have accumulated a large network of partners in this space. These partners will be key in bootstrapping the exchange.
By far the biggest complaint users currently have with existing cryptocurrency exchanges is poor customer support. The issues are many and include long withdrawal times, login issues, unanswered support tickets. Traders should expect a different level of service. Large sums of money are at stake and many exchanges service traders as if they just a regular software company. Numex will not tolerate this and responsibility for customer service will extend across the entire staff and company. When a trader has a problem, they get an answer directly from someone who knows the system and not someone reading from a script.
Clearly, Numex Exchange has the potential to disrupt the crypto exchange industry when they do go live. Furthermore, you can be a beneficiary of the potential success of this project by partaking in their ongoing Token sale on numex.exchange.