Japan? Such was the excitement when the attention-grabbing news broke out on Japan’s goal of making cryptocurrencies a mainstay in their bid to transition into cashless economy (1). Considering Japan’s status as one of the largest economies in the world just behind the US and China (2), and the country’s reputation as a technology powerhouse, this news is hardly meant to be a surprise. However, what makes the news a resounding one is the fact that Japan has had its fair share of the challenges associated with the adoption of cryptocurrencies. When the major heist that saw hackers carting away with $450 million worth of bitcoin occurred in 2013, Japan was the worst hit because Tokyo Japan accounted for 70% of Bitcoin transactions at the time. How did the country respond? Rather than becoming reactive, skeptical and averse to cryptocurrencies, they did the opposite by taking proactive steps towards ensuring such debacles do not reoccur. Regulations were set, and more security checks were put in place. Why? The country saw, (and sees) clearly, the future through the lens of the present and they are consciously positioning themselves to become a front-runner in the financial revolution that has begun already. A revolution that sees cryptocurrencies as the mainstay means of transaction ahead of fiat money, in every nook and cranny of the globe.
Japan’s case is just one out of the many budding cases strongly indicating the imminent watershed moments in the financial world where the global market gravitates from fiat, border-restrictive paper currencies into decentralized digital currencies built on blockchains. The revolution it brings does not only afford more freedom but the speed with which transactions will be made is uncanny. For instance, if Japan’s project succeeds within the defined time frame, the developers claim it will be able to handle over a million transactions (up to 10 million) per second. In comparison, some of the most efficient and fastest of credit card networks are only able to handle several thousand transactions per second. To put that into perspective, individual transactions on the blockchain can be confirmed in two seconds or far less. Such is the immense power and potential of crypto-driven marketplaces.
Trade Nexi — a melting pot of three market models — Trade Nexi Market, Trade Nexi Exchange and Trade Nexi Community stands as a major forerunner in this revolution of synergizing Blockchains with eCommerce. The project will blur the distinction between the two worlds, as cryptocurrencies become the foremost means of the transaction of goods and services. The pre-ICO stage kicked off with lots of fanfare and with the relentless efforts of the teams of experts behind the scene, lots of progress have been made and meaningful traction generated. In the first week of the pre-ICO stage launch, our social media outlets grew in leaps and it keeps getting better (See figure 1).
By the end of the first week, we had received visitors from 46 countries spread across 5 continents across the globe with India topping the charts on the number of unique visitors. Perhaps the most interesting aspects of the milestones made were the fact that main ICO listing platforms have been selecting us for listing and some were done without filing applications to them. Such is the potential and long-term viability of the Trade Nexi project.
Current listings and initial ratings are as follows:
ICO Birds with a rating of 9.3/10
CRYPTOTotem — 7.9/10
ICObench — from 3.6 to 4.0
ICOmarks — 6.9
CoinLauncher — 5.38
CryptoKrunch — total score 61
Other listings and recognition include:
ICOHOLDER
Wings Foundation DAO Platform
Coingecko
TheTokener
NB: We got selected by ICOHOLDER, one of the biggest and strictest ICO listing sites, without applying. They checked out our project out, found it auspicious and listed us.
We are matching on — with conscientious attention to details, security and ease of transaction as our watchwords. The pre-ICO stage affords early buyers to purchase our tokens at a modest rate of 1 Nexi = $0.002 before the full ICO launch later in February 2019. For more information on TradeNexi, our objectives, available opportunities and how to purchase our tokens join our budding community on the following platforms:
Website: https://tradenexi.com/
GitHub: https://github.com/TradeNexi/Nexi-Token
Discord: https://discord.gg/MgWcKnP
Twitter: https://twitter.com/TradeNexi
Reddit: https://reddit.com/user/tradenexi
Bitcointalk: https://bitcointalk.org/index.php?topic=5097950.0
Medium: https://medium.com/@tradenexi19/
Telegram group: https://t.me/tradenexigroup
YouTube: https://www.youtube.com/channel/UCt5Pq4qU-X7xGiXFq6bhIqg
Instagram: https://www.instagram.com/tradenexi
https://tradenexi.com
https://tradenexi.com/buy-nexi
https://tradenexi.com/bounty
[email protected] for general inquires
[email protected] for help using our services
[email protected] for business
Footnotes
- https://www.technologyreview.com/s/611656/will-people-ditch-cash-for-cryptocurrency-japan-is-about-to-find-out/?utm_campaign=the_download.unpaid.engagement&utm_source=hs_email&utm_medium=email&utm_content=69185384&_hsenc=p2ANqtz--WrQmYwm-y3ObreBpOs47x9GeD8c1Tt8_HjHk4Ca3XfX_YG_u3Q0wdqNba72gMKMdNMRUL8ZD-C_7zF21SMZCV5KdGEA&_hsmi=69185384
- https://www.focus-economics.com/blog/the-largest-economies-in-the-world