NEX: Strengths, Weaknesses, Opportunities, Threats

Background

I am not a blockchain expert, crypto purist, or self-made millionaire, and this opinion piece is not financial advice. I have a vested interest in the success of NEX platform.

Strengths

1. NEX team is made from seasoned blockchain specific developers (with two PhDs to boot), not re-badged software engineers with minimal exposure.
2. NEX has intrinsic value as its registered as a security, legally allowing for dividend payments. With crackdowns coming from regulatory groups (ie SEC), this makes NEX as compliant as possible.
3. *NEX will have the security a decentralized exchange (DEX) provides, but offer performance like a centralized exchange (CEX).
4. *NEX platform will also be a payments tool and gateway for fiat.
5. *User experience familiar to non-crypto users

*The product isn’t released so performance remains to be seen.

Weaknesses

1. Every unique selling point NEX has as a strength can quickly become its weakness if the team does not deliver.
2. The team has not released its fiat gateway partners. Because this is unknown I’ve classified this as such.

Opportunities

Regulatory bodies like the SEC are cracking down on non-regulated exchanges, ICOs, and securities masquerading as crypto-assets. NEX has planned their ‘security’ since inception, and are leading the space in this regard. With institutional + regulatory involvement, the “security token” (STO) is real, and this trend will soon be the standard. Regulated exchanges (DEX or CEX) WILL be the norm. What other regulatory insights can Fabian share?

Threats

1. Competitors like Coinbase are moving towards selling security tokens.
2. Competitors like Coinbase have first mover advantage with easy UI
3. Not acquiring the licenses needed to trade other securities
4. Will the platform offer enough products to sustain both retail and institutional interests?

Nash Exchange Beta Launch: March 30, 2019

Get started by going to Nash.io, create an account with $25 in your balance, then refer more friends and family to earn more tickets for the giveaway (if you need a referral code feel free to use mine: Yg9n83). The giveaway will end on June 17, 2019.

For more details and rules: https://exchange.nash.io/referrals

References