We all wish for a future where our transactions are instant and with zero fees. This will be a dream come true for many businesses. Transaction fees runs into millions of dollars yearly, some cryptocurrencies were able to do this briefly but with the influx of people transaction times increased and fees spiked up.
We introduce NextyCoin a payment system if the future supporting all business sizes to over come barriers in trading. The three pivotal factors that NextyCoin is surrounded by are Instant Transfer, Zero Transfer Fees, Price Stabilization System.
How will NextyCoin work?
Nexty has a Duo Cryptocurrency Confirmation System (DCCS) operating in parallel.
- NTY (Nextycoin) : This is the main cryptocurrency used in daily transactions.
- NTF (Nexty Foundation Coin) : will be used for transaction confirmation system. This is a built on a peer to peer network with specific criteria to meet requirements. Instead of charging the holders of this coin for transactions they will be rewarded with a small amount of cryptocurrency. This means transaction rate is zero while benefitting the person who contributes to the confirmation system.
The algorithm invented for transaction confirmation system is called PoF (Proof of Foundation). To ensure that the two cryptocurrencies are superior for operating; the proportion of generated amounts will be based on the PoF algorithm to enable payment for the machinery and staff on the payment platform.
Fintech (financial technology) this is a new technology in the financial industry that wants to surpass the traditional methods of financing. This is the new kid on the block in financing with the aim of bettering the industry with technology. NTY and NTF as the duo Currency Confirmation System of Nexty can meet the requirements needed for Fintech to work properly. Fintech is on the raise mainly for this reasons
- There is a contradiction between technology and finance.
- The realities of the money market encourages short term thinking.
- The incumbents in the market are powerful and resistant to change.
The RESTFUL API access at Nexty.io will be released shortly after the ICO. New businesses will be able to use Nexty as a form of payment and grow the Ecosystem and it will be used for daily transactions.
Nexty will also work with their partners to locate startups especially in the area of fintech to be part of Nexty to position the platform as the payment system of the future. The startups will be tested to be sure they are up to standard and then funded through ICO methodology.
SMART STAKING PROGRAM
This is a monetary policy to regulating demand and supply which is part of the price Stabilization System. The idea is to provide flexible bonus so as to inspire NTY holders to trade or hold the coin. There are 3 types of staking programs:
7-day staking
30-day staking & 90-day staking
360-day staking
Investors can increase their assets at certain given times if they keep a minimum amount required in their wallets. After the period Nexty will add the earned sum to the investors wallet. The program will end when the total supply of 40,000,000,000 NTY in the pool is exhausted.
See table below for the stacking bonus
With the application of Blockchain technology, Nexty is definitely the application of the future poised to change financial services for better.
For more information, please visit:
Useful links:
Website: https://nexty.io/
Whitepaper: https://nexty.io/nexty-whitepaper.pdf
Telegram: https://t.me/nexty_io
Facebook: https://facebook.com/nextycoin
Twitter: https://twitter.com/nextyio
Ann Thread: https://bitcointalk.org/index.php?topic=2498919
Author’s details:
Name: Lyndieline
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2110087
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