Introduction

I will be speaking about Nexty’s cutting edge FINTECH transaction platform here. Please read my in-debth analyses article before this to familiarise yourself :

https://bit.ly/2JTht97

As stated in their whitepaper the Nexty ecosystem will support businesses of all sizes and offer fast and zero cost transactions, anywhere, anytime. I see these as leaders in the future of payment technology in the blockchain space. I believe the team have the expertise and vision to pull it off. Their platform will aid e-commercial start-ups to raise finance via their ecosystem which is amazing as in today’s world the majority of these fail without finical help.

I want to be able to send my money instantly and have it delivered ASAP; not wait days with a bank and pay their ridiculous fees. Ethereum and Bitcoin although great in principal, just don’t have the transaction speed and low costs I require. Nexty.io, (2018) state that some critics suggest costs of some cryptocurrencies can be more than credit cards and online payments. Nexty offer this service via their ecosystem at zero cost, so why use anything else?

These tables show how Nexty compares to these other projects:

Source: Nexty.io (2018)

As can be seen here Nexty surpass some of the most popular alternative cryptocurrencies in the space today. No others offer Zero cost and NTY runs faster than most of them. As an investor these are the things which I look for in projects, Nexty delivers here.

Here is proof of their claim:

Source: (Nexty Platform, 2018)

Dual Cryptocurrency Confirmation System (DCCS)

Nexty.io, (2018) describes DCCS as two currencies working in parallel. Their ecosystem will have a currency called “NTY” which will be the main cryptocurrency for daily transactions and another called “NTF” which will provide the transactions confirmation system.

Nexty suggests in their whitepaper that this transaction confirmation system will be comprised of a peer-peer network. What really interests me is that they don’t charge for this because holders of NTF are awarded cryptocurrency at the minor rate at the end of their sealing rounds (30 minutes to 360 minutes long). This is how transactions fees will remain 0. This will guarantee benefits to contributors of the confirmation system via the bonus generated by their POF algorithm.

Smart Staking program

This is their price stabilisation system & holders rewards, Nexty claim this monetary policy can regulate demand and supply via flexible bonuses. This would entice NTY holders to sell, buy or hold. This is done via:

• 7-day staking
• 30-day staking
• 90-day staking
• 360-day staking

As described in their whitepaper, essentially they will be used to target short- long term policy. After the end of each period bonuses are placed in the user’s wallet. This will be done with a pool and will end once this is depleted. It is great to see a use case like this for a project as it gives the token some real utility and can stabilise price action. This was another feature that has me excited about this project.

Conclusion

Nexty will far surpass most of its competition in the space, this is a payments platform which will drive blockchain adoption across the world. Their DCCS system and staking platform will provide a very stable platform for businesses to operate under. Their Zero cost/instant transactions are what will entice businesses to this platform. I feel this is a Gem project and should not be missed.

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References

Nexty.io. (2018). Nexty Platform – A Bright Future for Daily Transaction. [online] Available at: https://nexty.io/ [Accessed 17 Jun. 2018].
Nexty.io. (2018). [online] Available at: https://nexty.io/nexty-whitepaper.pdf [Accessed 17 Jun. 2018].
Nexty Platform, (2018). [Video] htttps://www.youtube.com/watch?v=dKMHqi7hvec: YouTube.

Nexty's Transaction Platform

Introduction

Dual Cryptocurrency Confirmation System (DCCS)

Smart Staking program

Conclusion

Further reading

References