Out of the currently available blockchain platform, we haven’t found the most convenient one for their daily use:
- Bitcoin: Needless to say, this heavy blockchain has a tedious confirmation process and highly expensive transfer fee
- Ethereum: its performance last year was an disappointment. Especially, the event of Cryptokitties
- EOS is really centralized since top 10 EOS hold more than half of the supply.
- Cardano: none of the planned features are currently in place.
- NEO is also sketchy and centralized - the whole network has 13 nodes.
- NEM also charges just a few cents for fund transfer yet 1 minute of waiting for transaction processing would not be the best fit for daily use.
What would be the criteria for qualified future daily payment method?
The Nexty team has defined 5 essential standards of it:
- Fast
- Low fees
- Commitment to privacy & confidentiality
- Simple to use
- Low volatility
And the Nexty platform was born to achieve those criteria. In fact, it has over-delivered in some aspects:
1. Not just the ordinary “fast" or “low fees” + Simple to use
The Nexty platform offer zero fees and instant fund transfer! Demonstration:
How? Thanks to the Duo Cryptocurrency Confirmation System proposed by Nexty, which consists of 2 cryptocurrencies:
- NTY is the main cryptocurrency used in daily payments.
- NTF is for transaction confirmation system.
Instead of charging directly per transaction, the Nexty team chose to compensate validators with the 2nd currency - NTF. And NTF holders is rewarded by the POF algorithm with a small amount of NTY at the minor rate at the end of each month. Therefore, no NTY is charged whilst network maintainers still have incentives to do their jobs.
2. Low volatility
A Price Stabilization System run by their expert economists is proposed to ensure the well-balanced and firm valuation. Later, it will be managed by an automated and decentralized system.
3. Commitment to privacy & confidentiality
Their code source which is partially open now would be eventually fully open in August to fulfill their privacy & confidentiality commitment.
4. Moreover, the Nexty platforms also give the investors a surplus offer the Smart Staking program
With it, you can increase your assets fund if you keep some NTY in the staking wallet, which is a great tool to manage the demand and supply balance. Depending on duration choice varying from 7-day, 30-day, 90-day to 360-day staking, your interest rates would increase accordingly.
Regarding the long-term growth, Nexty builds a very active service network - an ecosystem assisting e-Commerce and start-up businesses to raise fund, in return, NTY becomes the native currency of those companies's sites. In fact, Nexty has already introduced API payment gateways for eCommerce businesses Like Magento 2, Woocommerce and Opencart.
In conclusion
I believe this project is huge equipped with outstanding features that most of the available blockchain platforms don't have. Moreover, for those who are still skeptical: Look Platform-typed projects' growth! Their prices have all gone to the moon even some of them haven't fulfilled what they planned. Specifically, their market capitalizations are all billions. Nexty's current valuation is just around millions (under 20). How much would their leap be?
For more information, you can visit their media networks:
Website: https://nexty.io
Telegram: https://t.me/nextyio
Facebook: https://www.facebook.com/nextycoin/
Twitter: https://twitter.com/nextyio
Author: jakerhd223
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