The review says that NairaX plans to create a stable utility token called NIRX, but the question arises of how the project would endure this stability. Would the coin be pegged to fiat currency to avoid volatility? If so, what's the exact name of the currency, how NairaX is going to ensure the sufficient monetary reserves to back NIRX, and do they plan to broaden the scope of operations beyond Nigeria? All these questions remain unanswered at this point, so it NairaX's calling to invest in their project.
Bruuuh October 18, 2019 Reply
ICO investors have been burned more than a few times in the past, and the fact that there are no KYC requirements might raise a red flag among many of them. The team itself seems competent enough to pull an idea such as this off, and they have associated themselves with the project via LinkedIn. As for the vision, it is also quite good, especially when it comes to targeting a specific country first. Not to mention that stablecoins have an advantage over other cryptocurrencies when it comes to volatility and liquidity.
cReAtUrE September 24, 2019 Reply
Additionally, while the soft cap is a bit high — the white paper and the project's roadmap appear to be realistic and well thought-out. All in all, it appears to be a good project, although we urge you to conduct your own, thorough research before choosing whether or not to participate.
d0na1d August 14, 2019 Reply
We list the most relevant upcoming crypto market ICOs
DogData is an Estonian based kennel organization built by a team of talented individuals united by a passion for modern technological capability and Dogs...
0 days left
Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone.
31 days left
SerenitySource is an Australian project that created a patented technology, which is based on the comprehensive use of blockchain and smart contracts. It allows the project to act as an energy retailer which gathers the data related to the household energy consumption.
60 days left
As the crypto development and adoption continue, numerous new use cases for cryptocurrency and blockchain technology are emerging. Bitcoin is already seeing growing use cases, with numerous online merchants and services opting to start accepting it. Such a move gives the merchant a valuable advantag...