Dynamoforreal

- June 18, 2018

NEXTY : A TECHNOLOGICAL ECOSYSTEM PLATFORM WITH ZERO TRANSACTION FEE .

The online payment platform has become technologically cumbersome following different transaction protocol that could take days to be concluded especially when dealing with international trades and businesses. Not overlooking the transaction fees involved with using payment tools like credit cards etc, and online payment platforms with different security barriers, and this does not prevent online transaction frauds caused by the insecure firewall of some online payment platforms. What's the way out?

Nexty is a highly secured payment platform where people can coherently make any purchase without cash irrespective of the time and place without any transaction fee and experiencing any trading barriers.

Important features of Nexty payment system

* Fast

* Low transaction fees

* Easy to use

* Low volatility

* Privacy commitment and confidentiality.

The Fintech technology

Fintech is a financial information technology system implemented in the financial sector that was set up due to the following reasons :

* The presence of strategical contradiction between technology and finance.

* Incumbents in the market are powerful and impervious to change.

* The market realities encouraging short-term thinking.

The Fintech technology requires a currency platform with low transaction time and low transaction costs.

Now with the emergence of a currency platform established by Nexty with ample transaction time and Zero transaction costs. The aforementioned reasons can be met using the Duo Cryptocurrency Confirmation System (DCCS) invented by Nexty. With the Duo Cryptocurrency Confirmation System, all transactions can be completed in near-instant at no cost.

The Duo Cryptocurrency Confirmation System consists of two types of cryptocurrency operating concurrently:

* NTY: This is the main cryptocurrency used in daily transactions.

* NTF : Is used for the transaction confirmation system. Which is built to meet operational requirements.

The intent is here is that instead of charging per transaction, token holders of the NTF cryptocurrency will be rewarded with a small amount of cryptocurrency at the minor rate at the end of the sealing round which is a kit 30-minute to 360-minute long. This facilitates the low transaction fee feature while still guaranteeing the benefits to the contributor to the transaction confirmation system.

The rewarding system is generated by an algorithm called the POF (Proof Of Foundation) algorithm.

NTF holders are licensed to mining and are rewarded with NTY token every month by the Proof Of Foundation algorithm, divided by the percentage of thier NTF amount over 10 million NTF. The NTY generated by the Proof Of Foundation algorithm is calculated as follows :