Nexm Finance possesses a strong leadership team, reputable advisors and strategic partners which instils a lot of confidence that they can execute the vision of this project. However, some external factors within the project’s vertical raise concerns for me about the project’s future success. Firstly, uncertain staking regulations in Asia, with recent bans in Thailand and Singapore for retail investors could impact Nexm's operations. Additionally, the lack of interest from Asian institutions in liquid staking adds further challenges. (I will link the articles where I read about these issues in the comments below).
Secondly, the success of Nexm hinges on the Aptos blockchain and I would imagine Nexm’s aim is to become Aptos’s biggest liquid staking platform. However, there is already existing competition from two platforms – Tortuga & Ditto Finance which offer very similar services to what Nexm does. For Nexm to give me more conviction on their project, they must articulate its unique differentiators and elaborate on its user acquisition strategy to attract users away from these already established liquid staking platforms on Aptos. Show Less
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