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
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