Benefits of smart staking on Nexty platform

Most investors are looking for options which will help increase their assets without any additional effort on their part. For example most bank deposits , mutual funds and other investment options are promising their investors some returns on their investment periodically or annually. However in many countries the interest rates on bank deposits are low, so increasingly investors are looking for options which offer them a good return on their investment. Fintech and cryptocurrency is the latest technology trend and the Nexty Platform is developed for reducing the cost of financial transactions.

The Nexty system is different from many other cryptocurrencies because it has a dual cryptocurrency confirmation system (DCCS) for confirming transactions on the platform, which ensures that no transaction fee is charged for each transaction. The platform is using the Nexty coin, NTY for financial transactions like making and receiving payment and the Nexty Foundation coin (NTF) for confirming transactions. To ensure that investors in NTY do not lose their money, Nexty is using a price stabilization system, with a staking program so that the amount of NTY will remain stable and increase.

The developers of Nexty realize that the value of NTY will increase only if more people are using and holding NTY. So it is offering an incentive to those who are keeping their NTY in their online wallet for specified periods of time as part of the smart staking . Benefits of keeping the NTY in the online wallet is that a bonus is added to the wallet 7 days after the end of the staking period. To Explain the concept, banks are offering guaranteed interest to depositors who keep their money in their bank account for specified period of time, and Nexty offers a similar incentive to investors who keep NTY in their wallet.

One of the features of smart staking is that the investor can keep the NTY in their wallet for different periods of time like short , medium and long term depending on their personal financial goals. A 7 day staking period is considered to be a short term staking , 30 to 90 days are medium term staking and 360 day period is long term staking of NTY in the online wallet, and the bonus will vary accordingly. In the first three months after the IPO the staking bonus rates will be the highest, and they are expected to reduce every year as the use of NTY increases, so initial investors will get the best returns.

Like bank deposits, the bonus will increase depending on the staking duration, for example, initially the 7-day staking bonus was 1-4% while the 360-day bonus was 50-75%. The developers of the Nexty platform have kept aside 40 billion NTY for the staking pool bonus. The staking program will continue as long as there are NTY in the bonus pool, and end when the NTY are distributed to the NTY investors. Additionally those who have kept NTY in their online wallet initially will also be rewarded with a NTF coin, which entitles them to additional income. So by participating in the smart staking program, smart investors may be able to get excellent returns on their investment, far better than most offline methods.