Nexty: Tokens and Rewards Are Explained

sherwood (53)in #nexty • 6 years ago (edited)

Nexty comes with a unique feature – Dual Cryptocurrency Confirmation System (DCCS). In a few words, this is a smart and sophisticated transaction system based on two separate cryptocurrencies issued by the Nexty team.

Major tokens

Two decentralized coins are used in symbiosis within DCCS. The first cryptocurrency with major functions is called NTY. The next additional coin released by Nexty got the marker NTF.

The comparison table of NTY and NTF tokens:

The options for Nexty users

Another important difference between two Nexty tokens is the vote right for holders. For instance, NTF owners can’t vote unlike NTY investors who can take part in making decisions about the future development of the whole platform.

NTF token a key element of the platform’s system used for transaction confirmation. The confirmation is based on a distributed p2p network fulfilling the system’s criteria meeting the requirements of each transaction within the Nexty’s platform. This distributed network is safe, quick and rewards its users with NTF tokens on a monthly basis. Due to the smart DCCS network a customer and ecommerce business owner can process instant transactions and get monthly rewards.

Rewards are calculated and paid automatically on the POF algorithm.

Those investors who bought the first 10 bln of NTY tokens can take part in the Smart Staking Program that lasted for 3 months. The NTY holders can receive NTF tokens monthly. 1 NTF is generated automatically for an investor who purchased 10K NTY coins.

There are 2 sources of income are available for an elite category of NTF holders:

1) Mining

Nexty has strict limitations for mining of their major currency. Only NTF holders can join the mining process and building a confirmation machine system for NTY tokens. The POW algorithm will generate only 40 bln NTY. After the issue of this amount the automatic system will only work for a confirmation of platform’s transactions. Most miners who mine popular cryptocurrencies like BTC and ETH have to deal the difficulties and decreased value of the machine systems of these networks. NTF will aid these miners by leasing or buying their computing power on the very preferable terms.

2) POF rewards

Another source of income for NTF owners except mining is an automatically generated monthly reward. Nexty offers a totally new reward concept based on the POF algorithm. Each month all NTF owners will get on the accounts NTY automatically generated by this algorithm. The amount depends on the individual amount of NTF coins and the usage term of Nexty services.

NTY tokens are generated monthly by the POF in such way:

0.5% per month – for using the platform less than 12 months;
0.4% per month – for 12-23 months;
0.3% per month – for 24-35 months;
0.2% per month – for 36-37 months;
0.1% per month – for 48 months.

In the whitepaper, the Nexty team explains why users should not worry with the decrease NTY rates. Montly, the total amount of NTY tokens will increase (by POW and POS algorithms) and the NTY value will also rise up due to the expansion of its popularity and Nexty community.