Greetings, everyone! Welcome to our monthly recap.
This time, we’re revisiting all the fantastic accomplishments from May. We’ve forged a multitude of new partnerships, integrations, and software developments, and we don’t want any of you to miss out on these achievements.
While the market conditions may not always be favorable these days, we’re nevertheless pushing ahead full throttle to build and deliver. Rest assured, we’re far from standing still; we’re working at full pace to roll out all the great partnerships and infrastructure for our community.
Our team remains fully committed to delivering, even amidst these challenging times; there’s no time for complacency. The developers, the marketing team, the moderators, and our partners — we all believe in Nexa’s potential and are doing everything within our power to deliver the best products.
Please check out all the impressive milestones listed below;
BitMart Listing
On May 18th, $NEXA was successfully listed on the US-licensed exchange, BitMart.
BitMart, established in 2017, offers crypto asset trading and investment services to a vast user base of more than 9 million individuals worldwide. With a staggering number of nearly 2 million weekly visitors and an impressive following of 650,000 Twitter users
This exchange listing was entirely funded by sources outside of the crowdfunding campaign, including team members and the invaluable support of a group of Nexa OG community members.
Trade Nexa on BitMart here.
Chainge Integration
On the 24th of May, we shared the exciting news that the Chainge integration had been successfully completed. You can now store, transfer, and operate $NEXA directly within the Chainge Finance self-custodial wallet.
Chainge has a handful of impressive features up its sleeve. Consider a self-custodial wallet for your NEXA assets, sending and receiving Nexa via your phone number or Twitter handle, or using Nexa for OTC purchases of goods and services.
For liquidity providers, an attractive 28% APR is currently available on the NEXA/USDT pair, with rewards paid in TF-CHNG.
More information here.
CoinEx Listing
On the 11th of May, we announced another exciting partnership, this time with CoinEx.
Founded in 2017, CoinEx provides secure, reliable, and user-friendly crypto trading services to over 4 million users across more than 200 countries and regions.
You can trade NEXA/USDT on CoinEx here.
OneKey Hardware Wallet
As seasoned crypto enthusiasts, we are well aware of the need for multiple wallet options for the various users in our community. Hence, on the 17th of May, Nexa partnered with the hardware wallet supplier, OneKey.
This Hardware Wallet is fully Nexa-branded and is thus a limited edition. Amazingly, we sold out the batch rapidly thanks to our wonderful community.
The support and integration of Nexa into the OneKey hardware wallet have begun, and OneKey has started to produce the limited edition Nexa OneKey Classic wallets, with hopes to ship these to customers by mid-July.
First usage of Nexa Smart Contracts
The $NEXA ecosystem is growing rapidly, and products rolled out by our partners and community developers are advancing at lightning speed. On the 19th of May, Otoplo released the first actual usage of Smart Contracts on the Nexa Blockchain.
Otoplo added a functionality to its wallet called the HODL function. By using this, you can lock your NEX for a certain amount of time, effectively giving yourself ‘diamond hands’ via the self-custodial Otoplo wallet.
@OtoploHQ is building key infrastructure and services for the Nexa blockchain
Crowdfunding Campaign
On Monday, May 15th, we concluded our crowdfunding campaign with some significant accomplishments.
We reached total funding of 6B NEX, while our goal was 10B. Given the overall market conditions, we view this as a tremendous start and a major stepping stone towards fulfilling our short-term marketing activities.
Looking towards the future, we acknowledge the need for additional funding to secure our long-term plans. We are optimistic, and we’re considering the potential launch of a second phase of the crowdfunding campaign when market conditions are more conducive to our objectives
Find more about the initial crowdfunding campaign here
Legal Opinion
All that are involved in Cryptocurrency need to be aware of further regulations and attacks from governments and traditional finance. With regulations looming it is important for serious projects to position themselves for protection from overarching regulatory bodies.
With that pretense, all should know that the Nexa team and community is taking seriously our plan to become the ultimate scalable and flexible Layer 1 for financial services.
In order to protect ourselves, our holders, as well as position ourselves for future exchanges, the Nexa Community has paid for a legal opinion (Howey Test) concluding that Nexa passes current EU and USA law for being a utility commodity, and not a security. 🫱🏼🫲🏻
The Legal opinion concludes $NEXA is not a security.
Walkthrough of Tokenize App
Otoplo is building a beautiful and user friendly token creation web-app service on behalf of Bitcoin Unlimited.
This application will enable anyone to easily and affordably launch and manage tokens native to the NEXA blockchain. The service will be entirely non-custodial, and Otoplo aims to release it within six weeks.
Paul has prepared an excellent presentation to provide more details about the upcoming Nexa Tokenize app. If you’d like to learn more, please check it out: https://www.youtube.com/watch?v=KpagZefdCg0
Introducing Community Rewards Program
We are excited to announce our latest initiative aimed at encouraging and rewarding our incredible community members, starting 1st of June.
Our community has been instrumental in helping us achieve our goals, and we believe that incentivizing them will help us move even faster towards our objectives.
As you may know, we have recently been listed on LunarCrush, a powerful platform for tracking social media activity. Leveraging this tool, we have created two exciting programs to reward community members who help us spread the word about $NEXA — one for smaller accounts and another for larger accounts.
Make sure to read the Medium article underneath to know how you could win those incentives.
Bitcoin Unlimited Improvement Proposals (BUIP)
First, let’s introduce what a BUIP is. The goal of a BUIP, similar to a BIP, is to facilitate structured and coordinated improvements to the project, ensure changes are properly vetted and peer-reviewed, and provide a transparent record of decisions made by the organisation.
All proposals were successfully passed, which means a number of developments will start their progress. Additionally, a substantial amount of funds has been made available for research, development, and the marketing team.
Please find the results of the May 2023 BUIP votes below:
These are from VotePeer plus the signed manual votes in the BUIPs:
key : Accept : reject : abstain
- BUIP193: B.U. be a “Customer” for a student project at NTNU 3 PASSED 9:0:0
- BUIP194: Flexibility for Long-term Developers 2023 PASSED 9:0:0
- BUIP195: Nexa UltraScale Testnet Initiative 2 PASSED 7:1:0
- BUIP196: Marketing Team Budget Increase 2 PASSED 6:0:0
- BUIP197: BIPs32–39–44 HD functions for Falcon PQC — Public Bounty PASSED 9:0:0
- BUIP198: Ledger Embedded App Development 6 PASSED 6:1:0
Majority quorum was met on 4 BUIPs >50% accept 8/15
Super-majority was met on 2 BUIPs: 75% accept 4/15
Weekly progress updates
We’ve been making rapid progress recently, establishing new partnerships and securing listings on various exchanges. 🫱🏼🫲🏻
Our developers have been diligently working on several projects. However, as is the nature of the tech environment, some tasks may require more time than others. Regardless, we are unwavering in our commitment to achieve our goals and strive for accomplishments beyond that.
So, on the 22nd of May, we decided to provide weekly updates about our recent progress and the development of our roadmap via Medium articles. This way, you can gain a comprehensive understanding of how far we’ve come and what awaits us in the future.
Update 22nd of May:
https://medium.com/@nexacoin/roadmap-progress-update-may-2023-dcac3800166c
Update 30th of May:
https://medium.com/@nexacoin/nexa-progress-update-30th-may-2023-65a49a53e120
Twitter AMA: Momentum is Building
On the 15th of May, Paul and Martin provided an update to the community on various aspects of the project. They mainly discussed: general NEXA updates, recent developments, crowdfunding, exchange listings, upcoming partnerships, and marketing activities.
Additionally, there was an engaging discussion between Andrew, our lead developer, and community developers. Overall, it was a successful AMA with a wealth of news shared and many questions answered.
If you missed it, then make sure to listen the AMA here.
Final word
In the upcoming month, we have a lot of exciting new developments ready to be rolled out, ranging from technical advancements to marketing activities and everything in between. There’s a lot poised to make its way to you, so please keep an eye on our official channels to ensure you don’t miss a thing.
Lastly, we want to express our gratitude to our amazing community once again. We firmly believe that your participation is key to Nexa’s success, and you are the bedrock that makes Nexa the great project it is.
Together, we are journeying towards a top 100 notation, and we couldn’t achieve this without your unwavering support. Thank you all, once again.
Key Links:
Website: https://www.nexa.org
Full Node/Wallet: https://www.nexa.org/node
Other Wallets: https://www.nexa.org/ecosystem
Web Wallet: https://wallet.otoplo.com
Roadmap: https://www.nexa.org/roadmap
Team: https://www.nexa.org/the-team
Explorer: https://explorer.nexa.org
Exchanges: https://nexa.org/buy
How to Mine: https://www.nexa.org/mining
Faucet: https://faucet.nexaclub.org
Telegram: https://t.me/nexacoin
Discord: https://discord.gg/nexa
Twitter: https://www.twitter.com/nexamoney
Gitlab: https://gitlab.com/nexa/