Buy Nominex (NMX)
What is Nominex?
Nominex (NMX) is a utility token associated with the Nominex exchange. It is designed to provide various benefits for users, including tier-based trading fee discounts, participation in daily giveaways, and supporting affiliate program services.
How does Nominex work?
Nominex leverages blockchain technology to operate its exchange platform. While specific technical details such as the consensus mechanism or algorithms are not detailed, Nominex likely employs widely-used blockchain consensus methods like Proof of Stake (PoS). It also incorporates smart contracts for executing functionality. For additional technical specifics, users can refer to the Nominex whitepaper.
What are the potential use cases for Nominex?
Nominex serves multiple purposes within the cryptocurrency ecosystem, primarily through its exchange platform. Its potential use cases include arbitrage, zero-fee trading, staking, and farming through its DeFi features. Users can participate in both its centralized and decentralized exchanges (Nomiswap), offering a broad spectrum of trading and investment options.
What is the history of Nominex?
Founded in 2019 by Pavel Shkitin, Alexander Petrovich, and Denis Korablev, Nominex launched as a hybrid exchange integrating both centralized and DeFi features. It is affiliated with Binance and operates elements like staking pools and its decentralized platform, Nomiswap. Over time, Nominex has expanded its offerings, including extending its trading pairs and implementing staking and farming pools to enhance user engagement.
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Frequently Asked Questions (FAQs)
What is the current price of Nominex (NMX)?
The Nominex price is $0.00837595 AUD, representing a -1.43% from the day prior.
Where is the best place to buy Nominex (NMX) in Australia?
The best place to buy Nominex (NMX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Nominex (NMX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Nominex (NMX)?
The trading volume of Nominex (NMX) is $6.3K AUD in the last 24hrs, representing a -1.43% from the day prior.
How can I buy Nominex (NMX)?
Nominex (NMX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Nominex (NMX)?
The current market cap of Nominex (NMX) is $1.5M AUD.
Can I convert Nominex (NMX) to cash?
Yes - With Coinstash you can convert your Nominex (NMX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Nominex (NMX) are there?
The current circulating supply of Nominex (NMX) is 186.7M.
Is Coinstash a safe place to buy Nominex (NMX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Nominex (NMX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.