Payment systems are social mechanisms that support all economic and commercial activities.
Over the years we have witnessed an evolution in the mode of payments, from the exchange of goods for goods (trade by barter) to the invention of money and the banking system which brought about online payments and credit cards transactions.
With the onset of IT(information technology) and the globalization of the modern society, the financial sector requires a more sophisticated payment system, that is secure and reliable, to facilitate the transfer of goods and services, especially international transactions.
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The banking system and other cryptocurrencies have failed to manage the backlog and lagging from the increase in the number of users.
A BRIGHT FUTURE FOR DAILY TRANSACTIONS
Nexty platform unites fintech and the blockchain technology to provide a futuristic payment method, where payments can be made without cash, anywhere, at any time and at no extra cost.
Nexty has three unique features that distinguish it:
Zero transfer fees: payments are made free of any charge.
Instant transfer: time is valuable, so transactions are made in no time at all, instantly.
Price Stabilization System: In view of the future, nexty has procedures in place to counter diminishing value and maintain the token worth.
HOW WILL NEXTY DO THIS:
Using DCCS (dual cryptocurrency confirmation system) Nexty platform gets rid of the delay in transaction confirmation.
DCCS comprises two currencies operating in parallel.
NTY, this is the standard nexty coin base used for everyday transactions
NTF - Nexty Foundation, is for the transaction confirmation.
Nexty has developed a smart contract using Proof of Foundation(PoF) where NTF holders with an amount above a certain minimum value can enter transactions with another account, called the 'executing account' and become the block scaler by setting "authorized scaler" state in the smart contract with the value proportional to that in the address it the NTF holder.
This allows a transaction to be made beforehand and payments would be made automatically by the nexty platform at a fixed time if the requirements in the smart contract are met.
NTF would be rewarded to the pioneers of the nexty platform, as only the initial 10 billion NTY joining smart staking within the first 3 months would generate one NTF for every 10,000 NTY in the wallet making NTF tokens very rare.
NTF holders would have exclusive rights to build mining machines for NTY after the 40billion generated by POW.
NTF holders would also be rewarded monthly, this would effectively cover all transaction costs.
In order to counter price manipulation and any form of malicious behavior, activities of NTF holders would be governed by the NTY community through decentralized voting systems in a smart contract. In addition, there would be a limit to the amount of NTY that can be purchased by one user, this will ensure fairness and equality among the investors and no one would be able to dictate the market trend, resulting in price stability and steady growth of the value of the token.
You can purchase your tokens now as NTY/ETH transactions are now available on IDAX exchange.
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THE PROJECT TEAM:
Team comprises notable experts in the various fields.
Ken Zeng: CEO and founder
Thanh Zao: CTO and founder
Bing Nguyen: CMO
Hai Nguyen: CFO
Ly Nguyen: Project Manager
Ha Dang: Blockchain specialist
Lam Pham: Community Manager
Logan Dinh: Advisor
Including the designers and developers.
Websites:
Portfolio: https://nextycoin.com
I/O & Ecosystem development: https://nexty.io
Telegram: https://t.me/nextyio
Twitter: https://twitter.com/nextyio
Facebook: https://facebook.com/nextycoin
Medium: https://medium.com/@nextyio
Author information:
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1960583
Facebook link: https://m.facebook.com/onuoha.tochukwu.52
Wallet address: 0x45095206acb590c5369d8600efe163c88b610884