Frequently Asked Questions:

What is a liquidity pool?

A liquidity pool is a decentralized exchange's crowdsourced pool of cryptocurrencies, tokens, and cash equivalents trapped in a smart contract that is utilized to help traders make trades between the assets on the exchange. Many decentralized finance (DeFi) platforms use automated market makers (AMMs) to allow digital assets to be traded in an automated and permissionless manner via liquidity pools instead of traditional markets of buyers and sellers.

What is RORA Coin?

RoRa Prime™ and RoRa Gold™ are a type of cryptocurrency designed to function similarly to an exchange-traded fund (ETF). They provide investors the potential for capital growth by owning a portion of an underlying asset. Ownership of the RoRa Prime and RoRa Gold represents a right to future returns, depending on the asset's appreciation rate. Combining these coins also allows investors to invest in a company, person, or other entity in exchange for the cryptocurrency and raise money using a blockchain-based system administered by establishing asset-backed tokens as new equity instruments according to financial regulations.

Does the NyXExchange have a license in the EEA?

Yes! At launch, NyXExchange will be bound by Lithuania's laws and regulatory requirements, which will satisfy the needs for our cryptocurrency license.

What are trading volumes?

Trading volumes are one of the most important variables affecting liquidity in the cryptocurrency market. The best way to discover how much a cryptocurrency is worth is to look at its market capitalization rankings website, which will show you current volumes on a daily basis.

How easy is NyXExchange to use ?

NyXExchange is one of the most straightforward ways to purchase cryptocurrency since it accepts bank and card payments in fiat. The key to trading on the NyXExchange is to maintain accurate market data, which isn't as difficult as it may seem. You'll need to set up-sell/buy orders for certain assets, which is one of the first things any novice trader learns on our platform. Switching purchases from one category to another is as simple as flipping a switch.

What are cryptocurrencies?

The easiest way to convey this is to compare it to money provided by the government (CAD, USD, EUR, etc.). When a government creates currency, it gives each bill a specific identification number. Each cryptocurrency is also given a unique identification number, and then a blockchain ledger is utilized to keep track of when these coins are exchanged between people. A blockchain's immutability makes it extremely fraud-resistant. As a result, these digital currencies have the same characteristics as physical currency: they are distinguishable (usually the government's job), and they rely on a secure ledger of transactions to keep track of ownership (the bank's duty). In essence, these digital tokens provide the same features as money.

What measures are taken to ensure RoRaP™ and RoRaG™ assets are valid and valued properly?

Internal documents review, internal legal review, SKR reviews, Loyds of London certificates, external auditors when required, global art consultants, GIA reports, precious gems consultants, global document authenticator, and other proprietary validation methods.

What are the 7 audit procedures for RoRaP™ and RoRaG™ assets?

Audit procedures to obtain audit evidence can include inspection, observation, confirmation, recalculation, reperformance, and analytical procedures, often in some combination, in addition to inquiry.

When will NyXExchange allow for trading in US?

The process of complying with the Bank Secrecy Act (BSA) standards for convertible virtual currencies, or CVCs, will begin in Fall 2022. The BSA establishes anti-money laundering requirements on several U.S. financial institutions, including "money services businesses". Currently, on a worldwide scale, NyXExchange follows the BSA standards for strong KYC, KYB, and AML compliance. On a national level in the U.S., though, the company will be partnering with a Forbes 100 firm to distribute the Exchange in the United States with the necessary MSB licenses.

What is NyX's goal

We're creating the future of finance. NyXExchange will become one of the most trusted and rapidly expanding cryptocurrency companies, assisting clients across the world - from single individuals to large organizations - in gaining access to cryptocurrencies in a simple and secure manner. With a growing asset block and featuring its RoRaP and RoRaG coins, NYX LTD is striding toward revolutionizing the $14T financial services industry.