The Challenge

We are competing with well resourced entities.

Nexa took the completely fair-launch approach, meaning there was no ICO, pre-mine, dev-tax, team allocation or VC funding. Every NEXA in existence was fairly mined. This is incredibly important for creating a coin that will back a new global financial network.

On the other hand, it does mean that Nexa will be at a disadvantage to other much larger cryptocurrencies that did an unfair-launch. They have large budgets to put towards listings and marketing activities.

Bitcoin Unlimited is providing some funding to cover technical development, but as a technology-focused organization it’s priority is not marketing and it is likely sensible that it stays this way to make sure Nexa receives as much resources as possible into the technology.

Goals

What we aim to achieve.

By expanding our presence on more mid-tier exchanges, we are providing ourselves with the ability to apply for top-tier exchanges at a later stage. This will help us reach a wider audience and achieve even greater success.

The requirements for the exchanges are that it will;

• Be a top 20 CoinGecko or CoinMarketCap exchange
• Provide more on and off-ramp options for our users
• Have a decent amount of followers and engagement on X
• Provide a co-marketing campaign
• Have no requirement for us to provide ‘marketing tokens’ they can dump on the community
• Have minimal market maker requirements
• Have a daily trade volume of at least $500m — $1B

Please note that during the crowdfunding stage, most exchanges do not allow us to mention their names. Rest assured that we are selecting the, in our opinion, highest-quality exchanges within the budget we anticipate having — the above requirements lay the foundation in those decisions.

Furthermore, we understand that nearly everybody would like to see Nexa listed on top-tier exchanges. However, at the moment, this is not feasible due to various requirements outlined by those exchanges, such as community size and trading volume. We are confident that by taking these steps on more mid-tier exchanges, the doors will open to top-tier exchanges in the near future — the current steps aren’t only a wish, but also a need.

We do our utmost to fulfill the wishes of our community but simultaneously need to adopt a strategic approach that best aligns with the project’s current stage.

Crowdfunding

What resources we need.

Our current goal is to crowdfund 10B NEXA which we believe is sufficient enough to expand on at least 1 mid-tier exchange. Please note a portion of the funding has to be used for MM requirements. We will carefully communicate more details when possible and of course will make sure the raised funds won’t hit the market.

What can I do to help the crowdfunding.

Contribute — Contribute NEXA to the crowdfunding to ensure we reach our goal. Below is the Nexa crowdfunding address.

nexa:nqtsq5g5xsj24u8vwsf73aa256f3nfcnp7hah8n6kgtyjnyc

Thank you for your continued support!

Visit our forum: https://forum.nexa.org/t/crowdfunding-for-mid-tier-exchanges/129