The C++ coded network, Cryptonex, was first developed in 2015. It is a payment system that offers its users a decentralized and secure platform to transact, transfer fiat and cryptocurrencies. The core of the development of the network is the scrypt algorithm. Thus, it is a fast and efficient network that allows mobile phone, debit and credit cards transactions. The token gained massive attention in early December when a number of people received the token in their Ether wallets for free. Sums of up to 1,000 CNX tokens were distributed to various wallets on MyEtherWallet. The problem was later confirmed to be a technical error by Etherdelta exchange. The coin has since seen its price soar to the all-time high of $10 but currently trades at $7.74 after the recent cryptocurrency bloodbath in early February.
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