Nexty is a platform based on blockchain technology to help the e-commerce start-ups to raise funds from community. The start-ups themselves would create the ecosystem for Nexty.
Nexty costs no transaction fees as well as time for transaction confirmation. These procedures are obstacles to the ecommerce platform, especially in the process of micro payment and daily transactions.
Imagine if you buy a 10 cent item on Amazone and pay by Bitcoin or Ethereum. With the current exchange rate of a Bitcoin of about $10,000 and an ethereum of about $400, the payment will be extremely confusing because of too many zeroes in decimal place.
Not to mention the current high transaction costs, the payment of 10 cents by Bitcoin or Ethereum is not feasible. Nextycoin is seen as the best way to raise money from the society and has no percentage risks unlike bitcoin, venture capital, crowdfunding etc.
Bitcoin & other cryptocurrencies have recently been found a number of disadvantages such as:
- Slow transaction: Bitcoin sometimes take days to complete a single transaction, and can be hacked. Recently, the North Korean hacked bitcoin and acquired over 30,000 people addresses.
- High transaction fee: Expensive fees are required to transfer in Bitcoin, causing it an inconvenient means of payment.
- Low Adoption: Given all of the above issues, it’s not incredibly obvious why the average person would want to use bitcoin. Sure, there are many theoretical benefits to using a distributed currency.
What is the value, though, to the everyday person who just wants to ensure that money is in the bank?
Many start-ups in the bitcoin space tout the ‘wow’ factor of bitcoin. Yet negative events over the past year have left consumer sentiment less positive than the industry hoped for and this, in turn, has caused tension with policymakers.
In the end, it is possible the best way to get bitcoin’s benefits into the hands of people might be to not talk about it at all.
How Nexty solves the above problems: It has made breakthrough over Bitcoin and other cryptocurrencies by Instant transfer with Zero transfer fee, making it feasible in future daily transaction. Especially, ecommerce startups will be fundraising with Nexty platform, then become part of Nexty’s ecosystem.
Investors have benefits during the ICO
The privilege rate for the earliest 10,000,000 pNTY owners is to convert 1 pNTY = 1 NTF, which means purchasing one, earning double. This means that you only have the opportunity to own NTF during the ICO period; otherwise, you can only purchase this coin once it is introduced on the trading platform.
However, the purchasing possibility is low because NTF owners can dig NTY coins and obtain NTY by Proof of Foundation algorithm. Because of such benefits, NTF holders will not sell the NTFs they hold, or sell at high price. The current price of Ethereum is over $400 ($400), the target price of 1 pNTY is $300 at the end of 2018 and pNTY is only 22 million.
The owners of 10,000,000 pNTY must, firstly, freeze their pNTYs to receive NTFs through the Smart Staking program.
Nexty’s ICO lasts for 31 days, starting from 19 Dec. 250,000pNTY is offered everyday at 13.00 UTC. Join the ICO to own pNTY before its price goes up. For more information, consult references below:
Official Website: https://nexty.io
What is Nexty?
Nexty is a platform based on blockchain technology to help the e-commercial
startups to raise funds from community. The startups themselves would
create the ecosystem for Nexty.
Nexty itself has a cryptocurrency named NTY with various dominant features such as Instant Transfer, Zero Transfer Fees and Dual Crypto Currency
Dual Cryptocurrency Confirmation System includes two types of Cryptocurrency operating in parallel. The former called NTY, is the main cryptocurrency for using in daily transactions. The latter called NTF, is for transaction confirmation system.
Duo Cryptocurrency Confirmation System includes two types of Cryptocurrency operating in parallel. The former called NTY, is the main cryptocurrency for using in daily transactions. Thelatter called NTF, is for transaction confirmation system. Transaction confirmation system is built on a peer-to-peer network with specific criteria to meet operational requirements. The breakthrough here is that instead of charging per transaction, those who are the holders of thesecond type of cryptocurrency will be rewarded with a small amount of cryptocurrency at the minor rate at the end of each month. This will allow the transaction fees to be zero while still guaranteeing the benefits to the persons whocontribute to transaction confirmation system.This bonus is generated by the POF algorithm.
The proportion of generated amounts is based on the POF algorithm to pay for the machinery and personnel operating the transaction confirmation system, helping to ensure that the two features of the cryptocurrency are superior for properly operating. However, NTF holders do not have the right to vote for NTY
currency decisions in the future, such as block size upgrades, mining speeds, transaction confirmation. The rights willbelong to NTY holders with fair votes.
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