Nexty Platform is a unique digital payment system, meant to bring the virtual currency world to a whole new level. Being a fresh player on the market, Nexty platform boasts a steadfast, customer-oriented policy based on 5 essential elements of the future payment systems that must be fast at performing the transactions, impose low fees, have a strong privacy commitment, be simple to use and have a low level of volatility.
To fit the above mentioned requirements Nexty brings about a brand-new concept, called Duo Cryptocurrency Confirmation System that will make every transaction be completed in the near-instant, with an insignificant delay due to internet connection. This innovative system consists of two cryptocurrencies that operate together. NTY currency is the main one used in daily transactions, whereas NTF is destined for transaction confirmation system. The advantage related to this currency is that its holders are not required to pay for transactions,instead they are rewarded with a certain amount of virtual coins, at a low rate. It happens just as the sealing round finishes, which is 30 minute to 360 minute long. This bonus is ensured by another essential building block of Nexty platform- POF algorithm.
Proof of Foundation is a new consensus algorithm specially created to assist the transaction confirmation system. The Proof of Foundation algorithm calculates the amounts to be generated to pay for the machinery and personnel that is working with the transaction confirmation system. Thus ensuring that the transactions will be made fast and at a zero transfer fee.
NTF holders will be given the right to build mining, as well as confirmation machine for NTY. Besides mining NTF investors will be able to generate income with a scheme assisted by Proof of Foundation algorithm. A description of it will shed light on how it actually works. Those only who are holders of NTF, will receive NTY, on a monthly basis, in accordance with Poof algorithm. It will result in a percentage generated by their amount of NTF divided by 10 million NTF.
The gained amount of NTY is calculated by Proof of Foundation algorithm as follows: in less that 12 months PoF will generate 0.5 % per month of NTY. The 12-23 months period assumes 0,4 % per month of NTY. Further in a time range from 24 to 35 months, Proof of Foundation algorithm is set to generate 0.3% of NTY coins a month, whereas for a period of 36 and 47 months it ensures 0.2 % of NTY per month. Lastly, when it comes to 48 months or more PoF generates 0,1% of NTY a month.
You don't have to worry when noticing a NTY's rates decrease for two reasons. First,total NTY increases according to Proof of Foundation algorithm.Second, NTY is set to pick up in value as its popularity increases,as it gets a broader community acceptance and as Nexty ecosystem expands, which is only possible with the inflow of a big number of investors.
All in all, Nexty platform sets new limits on the virtual currency market with its Proof of Foundation algorithm meant to generate bonuses and ensure fair and stable operating framework of the promising digital currency entity.
Telegram: https://t.me/nexty.io
Website: https://nexty.io
