What is NXT natural currency
NXT is a digital currency issued by Nature Token. It features stable price, fast transaction, low transaction cost
and abundant usage scenario through a series of consensus mechanisms.
THE ISSUE OF NXT
- NXT issuing method:
- A smart contract jointly signed by national government, asset side(such as a mine), international consensus third-party quality inspection agency(Rio tinto group, etc.) and NatureToken platform with futures related information provided by the international consensus large futures exchange (LME SHFECME), Finally, to tokenize some natural resource reserves through NTCT (NatureTokenContract) agreement.
- The collateral requirement is: Proven natural asset reserves as collateral. The maximum amount of natural assets that can be mortgaged is 50% of the total amount that can be proved, and the amount of natural assets that can be tokenized is 40% of the total amount of natural assets that can be mortgaged.
- For example, the total amount of proven assets is 100 tons, the nature assets that can be mortgaged are 50 tons, and the nature assets that can be tokenized are 20 tons.
The life cycle of NXT
- When the NXT holder exchanges NXT successfully, the corresponding NXT is destroyed.
- The NXT target price is set to $1:1, which is a rigid anchor. 1NXT is always equal to 1USD when the natural asset futures price changes, or when the dollar itself rises and falls.
- How do you support this rigid anchor? Because NXT anchors the value of natural resources, not the price. 1NXT =1USD corresponding to X real-time futures amount.
- Because the process of issuing NXT is an asset-side 's behavior of collateralizing natural assets for financing, the conversion from illiquid natural resources to highly liquid money. Using the proceeds from mortgage financing and related services to offset operating costs and inflation, and ultimately successfully created a stable currency NXT with stable value and price.
- At the same time, after the release of the NXT, the corresponding government promised to convert the NXT. The NXT price and value stability system is secured.
NXT's security system
The characteristics of the NXT
EFFICIENT DECENTRALIZED VALUE TRANSFER OF NXT - EOS SUPPORTS EFFICIENT TRANSFER OF NXT
- EOS introduces a new blockchain architecture, further enhancing the performance expansion of decentralized applications. By creating an operating system-like structure, various applications can be built on top of this.
- EOS provides accounts, authentication, databases, asynchronous communication, and program scheduling on hundreds of CPUs or clusters.
- EOS uses the BFT-DPOS algorithm as an innovation that can be accurate to produce a block every 0.5 seconds and theoretically not forks.
- Ultimately, the EOS can support millions of transactions per second, waive user transaction fees, and allow for the rapid and convenient release of decentralized applications in the context of a controlled blockchain.
NXT is rich in usage scenarios
The income system of NXT
Holding NXT can get an NXT bonus. Participating in the dividend yield: 0.02% of the daily financing costs.