Nexty has become one of the most high-promising and necessary for society Fintech projects of this year. It has offered a lot of innovative ideas that could be implemented in our daily lives right now and it would be the perfect news. We can talk endlessly about all the Nexty's features because they are really worth it. But in this article, we would like to pay your attention to one interesting and even provocating statement from its whitepaper. Founders of Nexty expect that the project's token will become a stable coin. Despite the fact that this perspective is going to be realized in more than 5 years our attention has become riveted to this suggestion.
What caused the expectation?
It is hard to understand or to guess the reason for such a statement without help. What can make you so confident in the fact that your token will be stable in the future? For example, that could be peg to the dollar or gold but it is surely not about this story.
Tha fact is Nexty has prepared numerous innovative initiatives. Among them, there are instant transfers, lack of fee for transactions and so-called Price Stabilization System. This system's algorithm causes expectations of NTY stability in the future. But now we are needed in an explaining what is Price Stabilization System. Actually, this is the framework which is an insurgency behind predominant highlights of the platform.
If you a newbie in the cryptocurrency world you are most likely have no idea what is a stable coin. We are ready to satisfy your curiosity. A «stable coin» is a digital currency that is pegged to any other asset which has also stability. For example, it can be the US dollar or gold. Such a coin will not have the volatility that is traditional for any cryptocurrency. At the same time, it is not tied to any centralized system.
There is an obvious users' interest in such a crypto asset. For instance, if you trade on the cryptocurrency market you can be in such a situation when it will be necessary to convert Bitcoin (for example) to any stable coin. When could this happen? When Bitcoin price falls rapidly and you don't know what you should do right now. All you want is to save your money and then you convert it to NTY. One of the most well-known examples is Tether which is pegged to the US dollar.
We also would like to notice that Smart staking program of Nexty is part of Price Stabilization System.
The Nexty project demonstrates a well-conceived development strategy. In the near future, it promises to become a huge Fintech ecosystem thanks to a bunch of startups that will be invested by the project. Now this is a project that has brave ideas about implementation of cryptocurrency in daily living and which actively presents itself to the community and the audience. Look at the roadmap:
If you are interested in the further development of Nexty you may follow its social media. Thus you not only support the project but also get the opportunity to get to know all the important information first.
Thank you for attention!
https://bitcointalk.org/index.php?action=profile;u=1378282
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