It can sometimes be hard to find quality crypto projects to invest in; but thanks to Ethereum and it’s subsequent deluge of ERC20 tokens there are now thousands of cryptocurrencies to choose from! The choice can be overwhelming at times and if you are anything like me you have had a wide variety of coins and tokens on the watchlist for some time and like
clockwork, the ones you didn’t invest in pumped and the ones you did dumped!
Researching all these projects seems to take a lifetime. White-papers can be confusing, Reddit distracting, Telegram groups even more so! You’re looking for the perfect combination of tokenomics, fundamentals, and a team you can trust - it really is just like finding a needle in a haystack. The diamond in the dirt. The lucky 4 leaf clover that will potentially change your life forever. And, to make things even more difficult, there are new projects launched every day! This can leave even the most experienced crypto enthousiast befuddled.
But, fear not, intrepid alt-coin explorer.
This article is at hand.
I present to you.
NEXT.exchange
There are 3 main parts to the NEXT.exchange ecosystem;
● NEXT.exchange
● NEXT.chain
● NEXT.token
Let’s dive right in.
What is NEXT.Exchange?
NEXT.exchange is the new kid on the crypto exchange block. A young startup registered in The Netherlands and The United Kingdom that aims to be regulatory compliant and user friendly. NEXT is a revolutionary hybrid exchange that combines the best of decentralised and centralised exchanges (hereon referred to as DEX and CEX respectively). Like a regular CEX, the order books and trading engine are centralised. Once the team deploy their own Blockchain (more on that below) users will ultimately be able to export their private keys. I think that this will help foster trust between the user and the nascent exchange in an industry
that is sadly plagued by bucket shop exchanges exit scamming in the middle of the night.
What is NEXT.Chain?
NEXT.chain is the blockchain at the heart of the NEXT ecosystem (currently in Testnet, soon to be in Mainnet, and it has a native token, NEXT - but more on that later! NEXT.chain runs on an innovative mix of Proof-of-Work and Proof-of-Stake, and for to make the network extra secure is merge-mineable with Bitcoin - similar to how Dogecoin is merge-mined with Litecoin. NEXT.Chain also has a masternode system, requiring 25000 NEXT to be staked.
Masternodes
Masternodes validate transactions and maintain the network integrity. Masternode holders receive an income via fixed monthly payments in return for staking and are also granted
voting rights that will enable them to participate in shaping the future of the NEXT ecosystem.
What is NEXT.Token?
NEXT is the token for the NEXT.exchange ecosystem. Holding NEXT will give you a reduced fee for trading on the exchange; and, as previously mentioned, if you have 25000 NEXT you can stake it by running a masternode. The token is currently available from Crex24, IDEX, and of course, from NEXT.Exchange itself! Overall, I think that NEXT has the clear potential to be a fantastic return on investment and this is a rare opportunity to be able to get in at the ground-floor of an exchange token - especially one with features as unique as this! This is a truly a sleeping Giant of an exchange and I am excited to see where it goes from here