SINGAPORE, April 12, 2018 /PRNewswire/ -- After surpassing great milestones, like crossing SGD1.2 Million in turnover in their first 2 months, and SGD2.5 Million in January 2018, NuMoney is ready to advance towards their next huge milestone -
The NuMoney Exchange
With the launch of the NuMoney Exchange on 6 April 2018, the team has spent the past few months testing and fixing the online exchange to ensure that all the security measures that were fitted into the system are working well and that the entire online exchange is running smoothly. After the first public testing with those who signed up as early testers of the exchange, NuMoney has gone through great lengths to ensure the safety and the efficiency of their new online exchange.
Along with the hard work of the team, NuMoney's upcoming exchange has
been featured in many online articles and reports as a new way to buy
and sell cryptocurrency. The public has expressed excitement to the new
fiat-reliant exchange, especially after the many reports of exchanges
shutting down due to being too reliant on banks.
To combat the
slow verification processes and the fear of banks shutting down the
numerous exchanges in the market, NuMoney will accept fiat in/out
without the facilitation of banks. This is made possible by storing
their cash in cash vaults – just like a bank. This ensures that NuMoney
would be able to carry on operations by allowing customers to
deposit/withdraw cash at NuMoney retail stores.
NuMoney's support
for Alt-coins pushed them to launch with ETH/SGD as the first pair on
the online exchange. This would simplify the usual second-hop to another
exchange (such as Binance) to get Alt-coins, and therefore reduce the
overall transaction fees as well.
Following the launch of the
exchange and their first ETH/SGD pair, it would be the NMX Initial
Exchange Offering (IEO) launch. This would be the period of time where
NuMoney will be rewarding those who have promoted and helped with the
funding of the exchange through NMX. The IEO launch would then make way
for Bitcoin and Litecoin to be added to the exchange in April, followed
by Ripple in May and Monero in June 2018.
Cash Withdrawals in NuMoney would also be fixed at a flat fee of $2 for every withdrawal instead of a percentage. Along with the new online exchange, NuMoney's new customer care retail stores in Singapore, Malaysia and Indonesia
would make it easier for users to seek customer support in their
country. This would be very beneficial for those who are not as IT
savvy, providing a place for them to go to seek help where needed from
their experienced staff.
NuMoney Exchange will be launching an
IEO. To receive latest updates regarding their IEO, join their telegram
group chat at https://t.me/NMX_IEO.
