INTRODUCING THE NEXTY PLATFORM

We are often comfortable with the current banking procedures that we hardly anticipate further improvements in the system.

banking hall.png
Banking hall

Knowing that the current procedures were made possible by technology; and technology, having no plan to quit improving should have made us expect what was in the offing by NEXTY; a blockchain based Fintech solution to the emerging financial challenges in our society. These challenges includes;

Cumbersome financial processing,
Poor turnaround time;
Poor credit facility administration
Unfriendly charges, etc.
Volatility

To resolve the spotted challenges; NEXTY employed series of human and material resources which brought on board a platform that bettered what previously existed. Below are some of the benefits associated with the NEXTY platform;

Instant fund transfers in 2 seconds (internet strength related)
Zero transaction fees
User friendly and hassle free applications
secured platform that is blockchain based,
Improved turnaround time in the granting and disbursement of facilities to clients with commendable Letter of Credit etc.
Stable currency
With the above benefits listed; what then are the services that NEXTY offers? NEXTY’s line of services ranges from;
Administrating loan facilities for ecommerce and tech company startups
Credit card for shopping and online facilities on Apple Pay, Google Tez, and Samsung Pay, etc.
Online currency transfers using NEXTY (NTY) and the corresponding transaction confirmation using the NEXTY foundation (NTF).
Smart Contract agreements which can be signed and certified by the QR code on user’s phone by NEXTY.
Smart staking and other financial stabilization programs
With what we’ve seen so far, NEXTY is really breaking barriers in winning over the unbanked, amongst marketers. But how do they hope to achieve these?

HOW DOES NEXTY PROTOCOL, WORK

NEXTY operates on a process called the Dual Cryptocurrency Confirmation System (DCCS): This system utilizes two currencies namely; the ‘NTY’ needed for the daily transactions and the NTF; utilized in meeting up basic operational requirements for transaction confirmations. The Miners will be duly rewarded with bonuses derived from the POF algorithm. This recommends that for every 10billion NTY disbursed in the first 3 months; 10,000 NTY will have one NTF generated. That means 1,000,000 NTF for a 10 billion NTY. The reward has a benchmark of 10,000,000 NTF in the first three months. The generated NTF will form the basis for one to be allowed into building mining and transaction confirmation machine for NTY.
Another source of income for miners recommends crediting holders of NTF with NTY calculated by the PoF algorithm, divided by the percentage of their amount of NTF over 10million NTF as depicted in the table below:

additional benefit to miners iro PoF algorithm.png

With the state of the art features, services rendered and a well-structured transaction confirmation system; the project has been designed to thrive. Now the coin is already on the exchange and doing ok; It goes to show that the coin owners should be proud they really did invest; while urging others to do same.
See below the NEXTY road map for your own consumption;

nexty roadmap.png

NEXTY’s ROADMAP

From all indication, the project managers are doing pretty well in accordance with the road map; the media channels are also well utilized in keeping the community well informed. Those are the hallmark of a reliable project and a proof that NEXTY is one. Please do find below the vibrant team that made it all possible.