INTRODUCTION
Low adoption is still recorded in the cryptocurrency market. This is due to the limited use of cryptocurrencies in real life activities and the absence of regulations which is a form of obstacle for organizations.
For newbies, studying market analysis and understanding cryptocurrencies have proved to be complex. Even the active traders are not left behind in this struggle.
These are the challenges hindering the development of the crypto market. Some projects have come up to remove these obstacles, but still, the situation is basically the same. This leads to the emergence of NELUNS, whose opinion that a comprehensive approach is needed, will create a financial ecosystem, which will work towards removing all the obstacles encountered in the crypto market.
What Is NELUNS?
NELUNS seeks to create an innovative financial ecosystem which will also combine the functions of a bank, thereby operating with fiat currency and crypto assets. This will allow them to act as a cryptocurrency exchange as well as an insurance company that creates conditions that develop the quality of the cryptocurrency market and the generation of new users and capital.
The NELUNS Advantage
Towards Potential Crypto Market Participants
Removal Of Entry Barriers:
The introduction of the NELUNS ecosystem will uniquely make the entry of new participants into the crypto market easier, since they are coming up with a familiar banking product. It will allow clients to buy cryptocurrency and carry out transactions with just a few clicks. Through this means, goods and services will be paid with cryptocurrencies and companies will receive payments to their merchant accounts.Ability To Make Instant Payment Anywhere In The World:
The NELUNS bank will allow any individual or company to carry out cryptocurrency transactions within any part of the world without restrictions, all for low transaction fees. This advantage will enable participants to receive and send funds anywhere in the world, but to do this, an ATM needs to be used or transfer can be made.Low Commissions With Less Risks:
The construction of the NELUNS ecosystem is in accordance with the BaaS concept. The iOS and Android application of the platform will provide a user friendly interface to all cryptocurrency and fiat banking products 24/7. Since this means eliminate the need for network of branches and affiliates, it would thereby minimize the transaction cost drastically with increased security and operating speed. Visa MasterCard, and American Express partner ATMs will be used to enable instant cash withdrawals.
This results in offering potential crypto participants the same familiar services at a rather more convenient means. This will attract a number of users to the crypto market and also broaden the use case of cryptocurrency.
For Active Cryptocurrency Market Participants
Broad Spectrum Of Banking Products:
With the introduction of NELUNS, it will increase the possibilities of crypto market active participants, as each of them will be able to discover maximum solutions among a broad spectrum of banking products. For instance, long term investors can get additional profit on account of deposit placements and traders can extend their abilities on account of access to lending tools.Unique Cryptocurrency Exchange:
The NELUNS exchange is different from your traditionally existing exchanges. No, it has a different structure, that is not found on any existing exchange. One of them is the use of “Bank Guarantee“ method which protects assets from unplanned circumstances. The use of sophisticated technologies from 2 financial worlds also allow the creation of a safe system, that is able to handle millions of transactions per minute.High Level Security:
Since the traditional financial institution will be present as a foundation for the NELUNS ecosystem, it will significantly increase security. They are combining the best solutions from global companies, who develops software’ for the large banks in the world. This apart, clients assets are legally protected since the NELUNS insurance company will provide users with rare opportunity to insure trades and transactions. This creates a way where losses are compensated.
The NELUNS Token (NLS)
The NLS token which is an ERC20 standard token will be used on the NELUNS ecosystem. It is a security token, and will be used as a means of providing holders with dividends amounting to 50% of the NELUNS ecosystem profits. Holders of the token will also have access to bonuses and privileges when using the NELUNS ecosystem products. It is noteworthy too that unsold tokens will be frozen and there will be an annual token burn of 3% of the NLS total supply.
Find out more about Neluns on the website
Whitepaper
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