NEXT Protocol - Defi Tokens for the Robot Economy

STARTER INFORMATION

Despite the insurgence of coronavirus, with strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, the NEXT Protocol, a protocol that allows developers to build robots and tokenize them.

"Decentralization, immutability and transparency make of Blockchain one of the most innovative technology of recent years. The reasons for implementing Blockchain in a multi-robot network may be to increase the interaction efficiency between agents by providing more trusted information exchange, reaching a consensus in trustless conditions, assessing robot productivity or detecting performance problems, identifying intruders, allocating plans and tasks, deploying distributed solutions and joint missions. Blockchain-based applications are discussed to demonstrate how distributed ledger can be used to extend the number of research platforms and libraries for multi-agent robotic systems."

With that being said, NEXT Protocol allows easy publication of Robot Services using the Robots (NEXTiBOTs) and other OEM Robots.

But before we go any further, please check out this video presentation to get even more acquainted

Now that I have your attention, let’s get right to it.

What exactly is NEXT Protocol?

As depicted above and as indicated on the official website of NEXT Protocol, The NEXT Protocol is a protocol that allows developers to build robots and tokenize them. With the solutions offered by the NEXT Protocol, it is possible for developers to easily publish robot services in the market and get profit from it through their tokens. Each robot earnings will be distributed to token holders, which can be stake and get the yield from it.

The solution developed by the NEXT Protocol is fairly innovative where each development can not only build their own robot but can also customize tokens for their robots which will bring benefits to developers through the robot services they offer.

Brief History

NEXT is a UAE-based company with a presence in the US as well, actively reprogramming and adapting popular robotic platforms as corobots, to help humans in the retail and commercial workplace. Since they started implementing robotics projects, they have carried out the identified complexity of customization across multiple platforms, requiring skill and coordination among various app builders. Based on this need, NEXT has developed the NEXT Protocol for Blockchain-driven Robotics and DeFi. The NEXT protocol allows easy publication of Robot Services using our Robot (NEXTiBOTs) and other OEM Robots, enabling Robot to run on its own token (applicable and business specific ERC20 Robot Mint token) & sell this Robot service in the market. Each robot's income can also be distributed to Token holders who will stake their Robot Tokens to get the results.

The Mission and Aims

NEXT Protocol aims to change the world by integrating robots into the everyday lives of everyone for a smarter way of life.

The mission is to accelerate the benefits of Next Generation Technology through human-centered design for everyday life. That the team at NEXT Protocol is accelerating a future where Robot, Blockchain and Virtual Reality make life easier and help robots connect with people and perform tasks independently.

In addition, NEXT Protocol pushes the boundaries of robotic technology for enrichment Human interaction. To enable robot owners to get what they need applications built from each market in an efficient manner would require a simple and straightforward ecosystem. NEXT token along with Protocol not only activate it, but also generate added value in the form of profit through efficiency. Importantly, it is enabled by Blockchain for security, ownership & DeFi to earn income.

About NEXTiBOT

NEXTiBOT is an AI-based robot that is fully supported by the NEXT Protocol. NEXTiBOT is intended for touchless management systems, intelligent receptionists, social distance monitoring inspectors, and many others. NEXTiBOT aims to create a world where robots can be integrated into everyday human life, which can streamline and accelerate human work. With the help of NEXT Protocol, not only will we build robots, but we will also build an economy, which will support developers in providing and developing robots.

The following are the features of NEXTiBOT;

Self Aware

Robot learns everything from the basics and with the robot computing will be able to detect and complete tasks properly.

Sensor Enabled

The robot will be equipped with sensors.

Voice / Touch-Based

Voice or touch options to interact with the robot.

Camera Enabled

With the camera, it can increase the flexibility of the robot.

Auto Navigation

A navigation feature that is able to make the robot navigate autonomously.

NLP Based

Robots can interpret voice commands and act quickly and accurately according to orders.

The Defi Token for the Robot Economy(WHY YOU SHOULD JOIN NEXT PROTOCOL)

The NEXT protocol is used to build, build, and collaborate on next generation robots and their associated applications for real-life problem solving use cases such as Covid scenarios, Robot Gaming and NFT Robot.

NEXT Token allows Developers to build Robot Applications with their custom tokens and apply in the market for businesses and companies to buy and consume them.

Companies can activate and deploy the Robot with prebuilt applications eg. NEXTiBOT which includes Greet-iBot, Safe-iBot etc. They can even float projects for developers to build new robots.

Gamers can create Robot games on ROS and run them Processor and turn the hexacore. Robot can be activated for edge problem-solving computing to get in the inbuilt robot wallet.

Robot Token Holders by wagering NEXT Tokens can get rental proceeds for Robot applications that are in a former business scenario through Blockchain Wallet Node for each Robot. Blockchain algorithms will be used for decentralization and swarm of robotics.

NEXTiBOT is an AI ROBOT Powered By NEXT Protocol For

Touchless Visitor Management System

Intelligent Receptionist

Social Distance Monitoring Inspector

Covid-19 Robo Inspector

Retail Store Helper

Safety Sanitizer

Customer Feedback and Entertainer

HR Engagement Officer

About The NEXT Token

NEXT is a token provided by the NEXT Protocol. NEXT is based on ERC-20 tokens, which allows users to store them in digital wallets that support ERC-20 based tokens or trade them on exchanges.

NEXT token holders can stake their tokens and get a yield from their staking. Token holders also get 50% of the rental yields of the robots, which are given by robot providers to the ecosystem of NEXT token holders. Not only that, by becoming a NEXT token holder, you have the opportunity to vote on Robot work and deployment decisions.

NEXT Token provides token holders with a simple, smart and user-friendly method to move early into the burgeoning Robo economy. By owning a token, you get the opportunity to use it as companies and developers build and deploy Robots for consumer and business use cases, taking advantage of Covid's current business needs and issuing Ethereum tokens without permission and is unrestricted.

Unique Tokens

Representative Ownership of each Robot built on NEXT Protocol is distributed across a finite number of NEXT tokens. Based on token staked, owners can collect revenue from rent of these robot, and vote on Robot work and deployment decisions.

Asset Managed Professionally

Each robot built on NEXT Protocol can have an asset management company managing its revenues on token owner's behalf. This asset management company sources projects, rents the robot, collects rent, and manages repairs, so the diverse group of NEXT Token owners don't have to take any hassles.

Token enabled with Edge Computing

With Blokchain driven Robot Registry, we know when these robots are being used. When they are idle the Hexa Core processors of the robots are used as edge computing problem solving nodes, to earn rewards passed back to token holders.

Staking enabled Rent Payments

Owning robots with Representative NEXT Tokens allows you to collect quarterly/monthly rent sent in crypto to your KYC verified account. Rent is paid using a US-Dollar stablecoin, sent directly to the Ethereum wallet that owns the NEXT Token.

Next Tokenomics

Token Distribution and Usage of Funds

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: https://nextprotocol.tech/index.php

Whitepaper: https://nextprotocol.tech/docs/NextProtocol_WhitePaper.pdf

Facebook: https://www.facebook.com/Nextibot-106367817781928

Twitter: https://twitter.com/ProtocolNext

LinkedIn: https://www.linkedin.com/company/nextprotocol/

Telegram: https://t.me/nextprotocol

Instagram: https://www.instagram.com/nextprotocol/

YouTube: https://www.youtube.com/channel/UC7AefOa83Ee-JeKW8eqt0Fw