Cryptocurrency can also be refered to as a form of digital asset is designed in such a way that it can serve as a proper medium of exchange which majorly uses a strong cryptography to basically secure the financial transactions as well as verification of assets transfer. That is to say that cryptocurrency is a digital form of money. The have a decentralised setting unlike the centralised form of money handled by the central banking system. Cryptocurrency is a digital form of money developed or created using blockchain technology system which has basically aided in transforming majority of the different fields or areas essential to life ranging from transport industry, medical field amongst other platforms and this is due to the decentralised nature of blockchain technology system and due to these revolutionary changes brought about by blockchain, more people are thus indulging in the activities that involves cryptocurrency due to the fact that there are no long term investors in terms of buy and hold strategy etc but nevertheless many people also do not find it convincing to indulge in cryptocurrency related activities due to certain issues like: lack of utilisation of cryptocurrencies in bounds of business models and also due to the lack of regulations which serves as restrictions for companies. And also another issue is because individuals do not have the resources in terms of time, energy to do indepth analysis of the market's mechanism.
Despite all the mind blowing features as well as benefits and advantages offered by cryptocurrency it is however faced with numerous setbacks which has not only affected the participation of individuals in cryptocurrency related activities but it's global adoption as well and these set backs includes:
i. Difficulty in trying to cinvert or change cryptocurrency assets into fiat currency.
ii. Poor selection of financial instruments
iii. Challenges in using cryptocurrency exchange platforms which includes issues like:
a. Loss of data due to cyber attack from hackers.
b. Limits in terms of Withdrawing funds from the exchange platform.
c. Issue of registration coupled with verification of data on the exchange platform.
And these issues and lots more are the main problems which the platform known as NELUNS PLATFORM focuses on solving.
NELUNS PLATFORM:
This is a platform set to create an ecosystem which is innovative and financial whose main focus will be to eliminate the above mentioned challenges which is said to be affecting both global adoption of cryptocurrency and also improvement of the global cryptocurrency market. The Neluns platform will incorporate a form of bank in it's system which will operate with both fiat currency and also cryptocurrencies, a cryptocurrency exchange as well as an insurance company will also be merged into the system. The banking system will present users with a broad pool of traditional banking services which will be aimed at subduing the financial needs as well as personal and also corporate goals. The Neluns platform will also incorporate features which will be used to give users an unforgettable experience while using the platform.
NELUNS PLATFORM ECOSYSTEM
This includes different model designs which will be used on the platform inorder to help acheive the main target of the platform and these models includes:
a. Neluns bank
b.Neluns exchange
c. Neluns insurance.
NELUNS BANK:
This is the first element or model to be evident on the neluns platform and it will operate as a licensed commercial bank which will be registered in accordance with all the necessary protocols. The bank will issue out both fiat and also cryptocurrencies. The neluns bank users will also have access to IBAN (international bank account number) which will be a unique identifer that will enable banks to process payments from one individual to another automatically and the number will contain all the details of the individual and also the fiat currencies to be used on the platform includes: USD, EUR, GBR.
NELUNS EXCHANGE:
The Neluns platform will also incorporate the exchange which strives to become a major global cryptocurrency exchange and as well establish itself as a foundation for a new as well as complex banking architecture which will not suffer from all the shortcomings or challenges of the current system. And the exchange system of the platform will also be well protected from cyber attacks.
NELUNS INSURANCE
This is another model in the platform which will indulge in carrying out insurance coverage of financial risks which are basically tied to trades as well as transactions only on the request of the bank .
BENEFITS OF USING THE NELUNS PLATFORM
a. Low commission coupled with minimal risk.
b. ability to carry out instant payments anywhere around the world.
c. Elimination of the current challenges of the cryptocurrency system.
d. High security levels. Etc.
PLATFORM TOKEN
The token to be used on the platform is known as the NLS TOKEN and it is a utility token which is an ERC-20 compatible token. And it will offer it's holders with a lot of privileges as well as bonuses
with about 200 000 000 in total circulation.
TO KNOW MORE ABOUT NELUNS
Join the Telegram Group: http://t.me/TheNelunsChat
Follow on Twitter: https://twitter.com/TheNeluns
Follow on Facebook: https://www.facebook.com/The-Neluns-2038488129802279/
Follow on Medium: https://medium.com/@iconeluns
ANN Thread: https://bitcointalk.org/index.php?topic=4694028
Website: https://neluns.io/
Whitepaper: https://neluns.io/static/ver165/whitepaper/whitepaper.pdf
Writer’s Bitcointalk Username: Musekay
Writer’s Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2070957