Nexty Platform

hendrycimita (31)in #nextyio • 6 years ago

About Nexty: FAQ

Despite the fact that cryptocurrency was invented to solve a particularly small amount of problems, it receives now a lot of attention. A lot of the problems that troubled the concept of cryptocurrency were not solved as late as 2018. Certain ones promised solutions, but the worldwide boom of attention to this particular technology left them little time. In addition, the transaction fees remain relatively high, some coins have them higher than others, and obsolete methods of payment remain. Hence, Nexty was designed.

The technology

The special transaction system that is unique to Nexty involves two cryptocurrencies working in support of each other. One of them is the main currency to be used in regular financial operations, it is designated as NTY. The latter, the “foundational” coin, is used as part of the mechanism that confirms and supports transactions; it is designated as NTF. This mechanism is a serverless network which is designed with specifications to answer the demands. The know-how is that users who hold this “Foundation” coin will receive certain sums of money periodically (once per month), and the bonuses will support the transactions and guarantee benefits to persons which pay their shares into the foundational system that supports the transactions.

A brief FAQ

Q: What is this project about?

A: Nexty is crowdfunding technology based on a cryptocurrency of the same name and another “Foundation” cryptocurrency. It is marketed to aspiring online businesses which will form the community for it to work.

Q: Can I use it to crowdfund non-Internet-related businesses?

A: Why not? It can certainly be used to crowdfund non-Internet related businesses. However, Nexty is the most beneficial to Internet-based companies because of zero transaction cost and quick transactions.

Q: There is a lot of cryptocurrencies with similar features, which include Ethereum, Neo Wave and a host of others. What makes Nexty better?

A: The hefty transaction fees make small transactions in Ethereum, Bitcoin or other expensive cryptocurrencies very inefficient. Imagine making a one-dollar purchase and paying with Bitcoin. Nexty, on the other hand, features no transaction fees and is never intended to go very expensive; its intended exchange rate to USD is 1 to 1. Therefore, it will be convenient for day to day purchases.

Q: How do I get NTF?

A: During the early period of Nexty, NTF is acquired automatically. As you receive 1 pNTY (this equals to 10,000 NTY), you also receive one NTF. In essence, you get two cryptocurrencies for the price of one. You can also mine NTF if you want to mine NTY as well.

Q: What is the maximum amount of coins one participant can purchase?

A: The limit varies depending on the stage of ICO the project is on.

Q: I want to exchange some of my existing cryptocurrency for NTY. What cryptocurrency can I exchange?

A: Currently, you can exchange Bitcoin or Ethereum for NTY. You will also receive NTF proportionally to the amount of NTY you purchase.

Q: Why there is a lending program in Nexty Platform?

A: The lending program is used to attract investors and create the community for the Nexty currency to circulate among.

Website: https://nexty.io/

Ann Thread: https://bitcointalk.org/index.php?topic=2498919

Whitepaper: https://nexty.io/nexty-whitepaper.pdf

Twitter: https://twitter.com/nextyio

Facebook: https://facebook.com/nextycoin

Telegram: https://t.me/nexty_io