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EIX and MMNXT Merge Into NEXT
January saw the merging of two major NXT funds, EIX and MMNXT. Both of these two funds previously were relatively similar in how they were run so it made perfect sense to merge the two into a "super asset". Both assets were run by respected members of the NXT community. The new asset is named NEXT.
EIX was essentially a NXT Hedge Fund which allocated most of it's capital into bot trading. It also put capital into Forex/crypto trading and built an asset portfolio. MMNXT is a market making bot such focused mostly on the NXT Asset Exchange. MMNXT also made revenue in the USD/BTC markets. Both assets have had their setbacks. EIX unfortunately had some of it's funds stolen from their Forex trader, this reduced their capital but didn't reduce the price of the asset a great deal. MMNXT unfortunately saw a drop in price because the NXT Asset Exchange volume has dropped over the recent months.
The new asset, NEXT, will breathe in life into both projects. The capital is now not specifically in the NXT Asset Exchange but in arbitrage bots where money will be allocated simply to markets with large volume. Keep up to date HERE.
In order to help bring in extra funds, a new asset named NEXTBOND was issued out. According to the website, "NEXTBOND is backed by lower-risk trading and provides daily fixed payouts in Bitcoin on NXT blockchain (SuperBTC asset)." ROI every month is 2%.
More NXT News...
- BTCD added to Bitebi9Exchange
- NXT releases 1.7.5, small code clean up release
- NXT Wiki updated, A new start!
- FreeMarket is adding escrow