NuMoney

De-centralised Southeast-Asian cryptocurrency exchange

[youtube https://www.youtube.com/watch?v=EjaWLI8z-hw?rel=0&w=560&h=315]

Ended

2018/03/07 - 2018/04/07
ICO
NuMoney
Token
NMX
Price
1 NMX = 0.01 USD
Accepting
ETH
Bounties
Available
Bonus
Not Available
Soft Cap
10,000,000 USD
Country
Singapore

Born out of frustration over our inability to purchase cryptocurrency conveniently, we started NuMoney as an over-the-counter service. Running NuMoney’s OTC service was straightforward:

1. Acquire a cryptocurrency liquidity provider

2. Fund our account via wire transfers

3. Resell cryptocurrency at a spread and in the first 2 months, we crossed S$1.2M in turnover.

In the first 2 months, we grew so rapidly that the points of failure became naggingly obvious. Neither banks nor liquidity providers appreciate high-volume, rapid movements of cash. Particularly so if you run a cryptocurrency startup. So we soon encountered problems with both the liquidity providers and our banks. Nevertheless, this fast growth demonstrated a huge demand for cryptocurrency in Singapore. For us to satiate this demand, we have to eliminate these points of failure.

Team Members

Steven Goh
Founder

Bach Le
CTO

Benjamen Lim

BEng

Ong
Expansion Leader (Malaysia)
BBA

Lee Weiping
OTC services Manager

Steven Goh
Founder

Bach Le
CTO

Benjamen Lim

BEng

Ong
Expansion Leader (Malaysia)
BBA

Lee Weiping
OTC services Manager

Advisors

February 2, 2014

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

February 2, 2014
May 10, 2015

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

May 10, 2015
June 21, 2016

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

June 21, 2016
2018
– Launch Testnet NuMoney Exchange that works with Ropsen testnet
– Launch NuMoney Exchange IEO launch
– Bitcoin and Litecoin added to NuMoney Exchange
– Ripple added to NuMoney Exchange
– Monero added to NuMoney Exchange
2018