April 28, 2023

Community Update April 2023

Dear Community,

We are excited to share our end-of-month update for April and we want to thank you for your continued support. We've been hard at work this month and we're excited to share progress.

One of our major accomplishments this month is the creation of a unique landing page designed specifically for marketing campaigns. We're also in talks with multiple parties such as Crypto-websites, blogs, influencers, etc., for ads and future marketing campaigns to reach more potential users.

We have also completed our NEO3-NEX bridge integration which will allow you to convert NEX tokens to and from the NEO3 blockchain. Additionally, we have a new review screen when buying assets on the fiat ramp to display more information and help users make more informed decisions. A new review screen when selling assets is on it's way.

We deployed over 15 backend fixes and improvements, including:

A better experience when using our integrated DEX
Additional redundancy on some blockchain nodes
Auto-canceling of failed transactions
Faster polling of transactions history
Improved logging and monitoring to detect issues quicker
And many more!

On the compliance and KYC side, we made over 25 improvements such as:

Bank account whitelisting system
Tools to increase user awareness of status of fiat orders and KYC-related issues
Completed our internal upgrade system for quicker completion of compliance-related actions (now mostly done in minutes instead of hours)
And, more!

We've also made over 50 UX improvements and bug fixes in the mobile app such as:

Adding a QR-code payment option
Adding missing translations
Fixing a multitude of smaller bugs
We've also been hard at work improving the whole app infrastructure
Rewriting legacy components to make it easier to add new features and identify and fix issues.

Thank you for being part of the Nash community, and we look forward to sharing more progress with you next month!

Valentin

Compliance and Registration

Nash was the first Crypto Platform in Europe registered by the Financial Market Authority (FMA) of Liechtenstein. Nash is also registered with the De Nederlandsche Bank N.V. (DNB).

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Rates may vary over time. Crypto-powered earnings on Nash are not covered by any deposit guarantee schemes like bank savings accounts and involve risks unique to the underlying technologies: (i) Exploitations of the smart contracts used; (ii) Forex fluctations between your national currency and the US dollar, which underlies crypto earnings assets; (iii) USD stablecoins losing their peg.

Nash is a trademark of Neon Exchange Aktiengesellschaft. Neon Exchange Aktiengesellschaft is an exchange bureau registered with the FMA of Liechtenstein (TT Exchange Service Provider Nr. 261096 as defined by the Token- und VT-Dienstleister-Gesetz / TVTG, 3 October 2019)

Nash Exchange B.V. is registered with De Nederlandsche Bank N.V. (DNB) as a provider of crypto services. DNB conducts supervision and monitors Nash Exchange B.V.’s compliance with the Money Laundering and Terrorist Financing Prevention Act and the Sanctions Act 1977. Nash Exchange B.V. is not under the prudential supervision of DNB nor under business conduct supervision of the AFM. This means there is no supervision of financial requirements or business risks and no specific consumer financial protections.

Neon Exchange Aktiengesellschaft is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act – for more information please see this link.

Neon Exchange Aktiengesellschaft also provides fiat-crypto exchange services. These are separate and unrelated to the account and payment services you receive from Modulr Finance B.V.