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The emergence of cryptocurrency has opened new vistas for the fintech industry. However, issues of high transaction fees, delays in completing coin transfers, as well as wild price swings continue to plague the emerging cryptocurrency landscape. Nexty is a blockchain platform that promises instant transfers at zero fees and smart staking & smart holding program to hedge against the volatility of cryptocurrencies.
Although blockchain and cryptocurrency has been regarded as one of the future revolutions, there still exist certain issues namely significantly high transaction fees as well as long waiting time for the completion of transactions.
While these fee values do not necessarily represent a major issue for transfers involving larger amounts, they are a major limitation for daily commerce and payments. Transfers of such nature typically do not go beyond a few dollars at a time.
Nexty, a blockchain startup, believes it now has the solution to this and other problems faced by digital currencies currently on the market. It boasts zero transaction fees, which immediately makes it the superior choice for daily use. Furthermore, Nexty transfers can be completed and confirmed within a few seconds. The Bitcoin network, on the other hand, can take as long as an hour to verify that a payment has indeed been made.
Nexty also addresses the issue of price fluctuation with a feature named Smart Staking that automatically regulates supply and demand to maintain a stable price. The platform will effectively incentivize its users to either sell, buy or hold Nexty tokens (NTY) depending on current market conditions. Nexty has set aside a total pool of 5.4 billions NTY to be used for this purpose alone.
When the pool is eventually depleted, Nexty plans to introduce a feature called Smart Holding in order to reward holders of NTY tokens. The program is open to anyone holding at least 1,000,000 NTY tokens in a single wallet and is willing to lock in their balance over a three month period. Individuals that decide to participate will be rewarded with a range of benefits, including the ability to vote, receive discounts and gain access to certain luxury services. They will also receive airdrop tokens from ICOs hosted on the Nexty platform over a period of 12 months. The development team believes these benefits will encourage users to stay within the ecosystem.
NTY tokens can currently be purchased on IDAX and Coinbene cryptocurrency exchange. Nexty has also released initial versions of its mobile wallets for Android and iOS.
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