For a long time financial transactions were only possible through banks which involves long and hectic procedures especially when transferring money to another country. Bank transactions can be too expensive sometimes and time consuming as well. But today, the evolution of block-chain technology including the introduction of virtual currency through the block-chain technology has drastically changed things in the financial sector. The days of exorbitant bank transaction fees and prolonged transaction time are long gone thanks to the introduction of electric money in our daily financial transactions. Now there is an even greater block-chain project known as NextyCoin that has been proven to be the perfect solution to most financial problems faced by startups and e-commerce businesses.
About Nexty
This block-chain technology based platform helps technology start-ups and e-commerce businesses to raise funds from the community. The Nexty platform has its own cryptocurrency known as NTY with various features but the most dominant ones include Dual Cryptocurrency, Price Stabilization System, Instant Transfer and Zero Transfer Fees. The world of cryptocurrency has received a lot of attention recently and is expected to experience tremendous growth in the coming days as more and more people join in.
How It Works
Many startups have developed great ideas with some even creating finished products but they lack the finances to support their projects hence the Nexty platform helps such startups to raise funds through support communications and ICO including strategy advice in exchange for a small percentage of shares in the deal with a startup. The unique technologies that are exclusively offered by the Nexty platform provide ecommerce start-ups such as online service and online shops with much more effective and convenient transactions which also translates to a better experience for users. It is so much convenient and amazing to shop and pay online with no transaction confirmation or transaction fee. Although there are several other platforms such as Neo, Wave and Ethereum that function the same as Nexty, the difference is that Nexty offers zero transaction fees and there is no transaction confirmation which reduces the transaction time.
Nexty platform eliminates these procedures that for a long time have been obstacles to the e-commerce platform especially when it comes to daily transactions and micro payment. Imagine buying a 10 cent item on Amazon and paying by Ethereum or bitcoin, the many zeroes can be extremely confusing given the current exchange rate of both Ethereum and bitcoin. This means that paying 10 cents by Ethereum or Bitcoin is not feasible. With Nexty ecosystem & startup era, startups and e-commerce businesses can now benefit from Nexty platform’s Zero fee and Instant Transfer technologies.
The Dual Crypto Currency confirmation system enables fast and instant transfers since it includes two different cryptocurrencies functioning in parallel. The NTY is the main crypto that is used for daily transactions while the NTF is mainly used for transaction confirmation which means that all transactions will take place in near-instant at no cost thus reducing the transaction per second time. Holders of the NTF are rewarded with a small monthly cryptocurrency instead of being charged per transaction which allows zero transaction fees but still guaranteeing all the benefits to those who make their contribution to the transaction confirmation system. Behind the Nexty platform is a team of dynamic professionals who are keen on developing the Nexty Fintech ecosystem for greater success.
Telegram: https://t.me/nexty_io