Lower ranks are better
Non-custodial exchange offering CEX-like speed and experience.
Nash is pioneering legal compliance in all their operations, securing the business and investors for the future.
A layer-2 exchange using state channels on multiple blockchains.
A simple user interface that is fast with a variety of tools.
No fees, no conditions for makers.
Real Bitcoin on the exchange. No wrapped Bitcoin or other tokens.
Purchase crypto in minutes with no transaction fees.
Easy portfolio tracking.
A non-custodial exchange with speed and security suitable for bot/algorithmic traders.
The Industries least order placement and cancelation times.
Funds not at risk even if both traders and Nash servers are compromised.
Bitcoin trading (non-custodial) on fast, liquid markets with order books.
Uses multi-chain state channels
To generate signatures a multi-party computation is used.
A limited number of tokens are listed as compared to other decentralized exchanges.
No access for traders living outside the boundaries of legal operation.
Compared to centralized rivals, it still lags behind in terms of functionality e.g. no margin trading yet.
Competition from many other decentralized exchanges, including Binance DEX.
Long time taken to implement updates has reduced conversion in the fast paced space.
Technical Analysis by Kong Trading - 26/10/2020
NASH has been ranging for quite a while now and is consistently puncturing the area of resistance. This is inherently a bullish sign because, at some point, all of the liquidity at the key-area of resistance will be gone, and the path out of this rage will be cleared. Currently, NASH has a fascinating structure – a bull-flag. Such bull-flag is inherently bullish and is just a form of a retrace and is mostly followed by a healthy continuation.
To read the full Technical Analysis from Kong Trading click here.
Nash is an all-inclusive digital assets platform built to have no control over traders’ funds. It is a platform for payment services and decentralized crypto trading. Nash identified several major challenges in the crypto space and sought to address each of these challenges with unique ideas never implemented in the space before. Before Nash, attempts to build non-custodial, decentralized exchanges on the blockchain faced the following challenges:
Together with other revolutionary products, the Nash team successfully built a non-custodial, decentralized exchange that can offer speed and functionality comparable to leading centralized platforms. Being “Non-custodial” makes Nash significantly more secure. Nash lets its community invest in digital currencies, store them securely, trade, and make payments with total custody over their assets.
Nash is a more impregnable platform compared to other exchanges dominating the cryptocurrency space at the moment. It also has a better performance compared to most non-custodial platforms in terms of speed. The well thought out interfaces is designed to be accessible for beginners.
The Nash Exchange dispatched on mainnet on 9 September 2019. This initial version of their product proved the viability of their core technology. This was the first time in the crypto space that high-performance markets with order books were implemented directly across different blockchains. This made it possible for traders to trade crypto directly on an exchange without losing custody.
The exchange comes with a number of unique features:
Enterprise traders who rely on algorithms and API keys to place orders are a big target for Nash. Nash implemented decentralized API keys based on secure multi-party computation (MPC) that provides a non-custodial environment which is a basic requirement when trying to offer the kind of security protection wished for by institutional traders.
Decentralized exchanges normally sign blockchain transactions with a user’s private key. This is a big disadvantage as it allows access to all the assets in an account, with one single key. Even with the generation of individual API keys, centralized exchanges still remain custodial.
MPC allows for the split of the generation of a blockchain signature between Nash and the user. The transaction cannot be signed by either of the parties alone. Additionally, the user can clearly state provisions for each API key e.g address whitelist. A security policy can then be enforced by Nash: any withdrawal to an address not on the whitelist will be revoked by Nash.
API keys function similarly to those of a centralized exchange only that Nash does not take custody of users’ assets. This simply means that even if both traders’ and Nash’s servers are compromised, funds are not at risk.
Bitcoin integration into the Nash state channel system was Nash’s goal from the beginning. This was eventually realized by the team in May 2020.
Cryptocurrency traders have always had to forfeit security and custody over their assets when trading on centralized exchanges. Bitcoin particularly has demonstrated to be challenging when it comes to integration on decentralized exchanges. This is because Bitcoin doesn't offer full smart contract support.
"Token wrapping" has been used in some exchanges. This is where decentralized exchanges (DEXes) incorporate Bitcoin through letting traders exchange "wrapped Bitcoin" (wBTC), an ERC-20 token on the Ethereum chain, against other ETH-based tokens. This is however a custodial approach, nonetheless, in light of the fact that Bitcoin is held by a third party as the trader temporarily holds wBTC. Additionally, this method doesn't easen the more broad restrictions of DEXes.
"Atomic swaps" have been employed by other exchanges presumably as a non-custodial solution. Atomic swaps, nonetheless, need to be constantly monitored, and in this case, two blockchains. This makes the two blockchains too slow to scale. Also, orders placed above or below the current price level make up most of the volume on a large exchange. The inherent incompatibility with order book based markets becomes a challenge.
Nash has a solution to this problem. The solution is compatible with Nash’s multi-chain state channel system and the matching engine provides optimal non-custodial properties for funds in channels and best-in-class security for funds in open orders. The Nash off-chain matching engine made non-custodial Bitcoin trading on crypto markets that use order books possible.
Nash has a single platform with an exchange, wallet, fiat ramp and portfolio all accessible on the platform. Nash’s target is to reach more than one billion users globally to invest in, trade, and manage digital assets by 2030. The best Wall Street traders and the smallest pacific merchants, they say, will all want to use Nash.
The Nash products are built with the user at the center of the design. Making it simple and user friendly with insights from community members and potential users has given Nash an edge towards the design of products that are appealing and adoptable by pretty much everyone.
Nash is more than just a decentralized exchange. Their goal is to build a platform for decentralized banking.
Features:
Non-custodial Bitcoin tradi
ng on fast, liquid markets with order books.
Decentralized API keys based on secure multi-party computation (MPC).
Industry-leading order placement and cancelation times under 20ms.
Funds are not at risk, even if both user and Nash servers are compromised.
Invest, trade and cash out without paying any blockchain or transaction
fees, thanks to the Nash Cash fiat ramp
Nash Link allows for businesses to accept cryptocurrency on their platforms and receive cash from Nash. Many businesses have had challenges integrating crypto payment onto their platforms. With Nash Link, businesses can increase their conversion by accepting crypto with plugins on request that can be done in less than five minutes.
Businesses using this product receive the exact cash amount specified from their sales. Merchants pay 0% fees on all transactions. The risk that comes with handling crypto is entirely on the Nash team. The business receives fiat directly from Nash once payment is made. Customers paying with crypto using this service can pay with any crypto wallet. They also showcase the ease and their technology in their own store.
With the Nash Wallet, one can set personal withdrawal limits with multi-party computation to privately secure their funds. With this kind of customization, it becomes hard for one to be hacked or to lose all their funds at once. (This feature will go live in coming weeks.)
One can also track the performance of their assets since the wallet allows for over 3000 assets with live performance tracking for each. Nash lets you easily manage accounts for multiple blockchains as part of a single portfolio. One can also follow the market or send and request funds using the Nash wallet tools.
Nash Cash allows users to purchase digital assets via SEPA transfer in the European region at a 0% fee. Selling assets to Nash is also possible. The digital assets are delivered within 24 hours. The assets are delivered to customers ready to trade on the Nash Exchange, meaning you can invest, trade and cash out without paying network fees.
The Nash App encampuses all the above in one single app. The app is available both on App Store and Google Play Store.
The Nash Exchange token (NEX)
Users of the Nash platform will be able to claim trading fees that have been accumulated on the Nash Exchange by staking NEX tokens.
Nash users can stake their NEX tokens in a smart contract that then pays a percentage of fees incurred on the platform. The more NEX tokens a user stake, the more dividends the user receive. The longer the user stake the tokens for, the higher the percentage of fees the user receive, up to a 75% proportionate share when staked for 24 months.
They also have a blog post explaining step by step how to stake the Nash Exchange token (NEX) that can be found here.
Nash is competing with tons of other decentralized exchanges. Centralized exchanges have a grip on the space as well that will take some work to get hold of. However, Nash is unique in providing the CEX-like experience of liquid, cross-chain markets with order books in combination with non-custodial security. In many ways, it is seeking to compete with compliant centralized solutions like Gemini, Coinbase and Kraken, rather than unregulated decentralized exchanges.
More team members can be found on LinkedIn.
Nash was founded in 2017 by five open-source blockchain developers. It was originally known as the Neon Exchange (NEX). Nash has rapidly grown since then and secured millions in investments, both from private firms and their public token sale.
The Nash team no longer provides a formal roadmap with deadlines since the company has advanced beyond its initial funding stage and this is not the norm in software development. The team communicates achievements and plans in half-yearly reports and provides regular updates on progress via Twitter and the Nash Community forum.
The recent reports were published on their blog. The links can be found below.
https://blog.nash.io/building-and-iterating-quarterly-report-q4-2019/
https://blog.nash.io/half-yearly-report-h1-2020/
Nash did their token sale in Sept 2018. In the first round, they conducted lotteries among all registered users to select participants for the token sale. The first lottery selected up to 25,000 participants to contribute up to 1,000 USD each.
A second lottery then selected participants from the remaining users to fill any gaps left by participants who failed to register or wished to contribute under the maximum individual limit.
The Nash Exchange tokens (NEX) can be staked to receive a share of the Nash exchange fees. NEX paves the way for an exciting new asset class in Europe, being its first digital security.
Fees generated from all trades on the Nash Exchange are the source of the dividends that investors receive. Dividends are paid daily. The Nash web platform makes it easy to configure your stake and claim dividends.
Nash is determined to drive forward decentralization, undoubtedly affirming that blockchain will offer clear useful focal points in this quest.
The Nash team has been working to provide alternative technologies and products that in their own words “will make the best Wall Street traders and the smallest Pacific merchants all want to use Nash”. The Nash team is targeting both individuals and businesses with interests in the crypto space from trading to asset acquisition.
The team breaks down its outlook on the market in four different categories;
Crypto-to-crypto (C2C) trading- This offers a mixed digital asset trading market where both businesses and individuals can operate.
Prime brokerage tools- These are business tools for institutional investors.
Crypto securities trading- This is to target both businesses and individuals to help expand the investment opportunities for prime and retail customers alike.
Inter-exchange liquidity networks- Collaboration with other major exchanges to establish order book–sharing protocols. These will interconnect different markets and provide higher liquidity.
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The biggest social media presence Nash has is on Twitter followed by its Telegram. The smallest of them all by the number of followers is their YouTube channel which is reasonable considering that the content they provide isn’t all that suitable for a video format, and is mostly promotional advertisements. They also have a community forum to keep the community updated.
Website: https://nash.io/
Blog: https://blog.nash.io/
FAQ: https://blog.nash.io/the-nash-faq-all-you-need-to-know/
Media: https://nash.io/media/
NEX token: https://nash.io/nex-token/
Company vision: https://blog.nash.io/nash-vision-1/
Token sale information: https://medium.com/nashsocial/important-beware-of-scams-4cadd08f29ab
NEX and compliance: https://blog.nash.io/nex-the-only-way-to-invest-in-a-compliant-crypto-future/
Nash Link: https://nash.io/payments/
Recent H1 report: https://blog.nash.io/half-yearly-report-h1-2020/
LinkedIn: https://linkedin.com/company/nashsocial
Instagram: https://instagram.com/nashsocial
GitHub: https://github.com/nash-io/
Beyond the Chain Podcast: https://podcast.nash.io
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