Nexty - A Revolutionary for Fintech

Online merchants and consumers alike expect online buying and selling to be easy, efficient, and safe. Ecommerce transactions trigger complex automated processes that involve downstream players: banks and payment processors to name just two. In addition, technological advances in smartphones and e-wallets, shifting purchase patterns, and demand for cross-border, multi-currency electronic payments have fueled PSP competition to maintain and increase market share. A future of payment would be completely different from the traditional one.

Future payment refers to when people can make any purchase without cash, anywhere, at any time and without any transaction fees. There are lot of growing cryptocurrencies that help to build such payment method, but none of them have completed so far. With foresee as a means of future payment, Nexty shall support businesses of all sizes and scopes to overcome barriers of trading, to make the future possible, Nexty is a Fintech ecosystem which helps e-commerce and technology startups to raise funds from community. Nexty itself has a cryptocurrency named NTY with various dominant features such as:

Instant Transfer

Zero Transfer Fees and

Dual CryptoCurrency - This System includes two types of Cryptocurrency operating in parallel. The former called NTY, is the main cryptocurrency for using in daily transactions. The latter called NTF, is for transaction confirmation system.

PROBLEM STATEMENT
It is easy to see that although information technology is booming, the banking system is cumbersome, and it is difficult to put the change into practice quickly. The difficulty is faced especially with reference to international payment.

In addition to that, the payment time is very long from 1 to 3 days for the form of transfer. Usage of payment tools such as credit card and online payment system face a big barrier in the form of transaction fees and the security of those systems. Cryptocurrency has been drawing a lot of attention recently, although it is ‘evaluated’ to be the solution of the above backlog but has not really solved these problems. Some Cryptocurrencies has reduced international settlement time to near-instantaneous threshold, but soon after, it became slow when the number of users increased drastically.

In addition, payment fees are relatively high, even some types have higher costs using old payment methods such as online credit card, online payment system etc.

SOLUTION/VISIONARY IDEA
5 important elements of a payment system of the future
• Fast
• Low fees
• Commitment to privacy & confidentiality
• Simple to use

Looking at these simple illustration below, you would fully grasp The Nexty system in full. Jimmy has his own business, importing large amount of lamb from other countries to sell in domestic market. Every time performing an international transfer to a business partner abroad, it requires a lot of time with high transaction fees. However, with the help of Nexty’s technology, Jimmy does it quickly by the guarantee of partners belonging to the ecosystem of Nexty in terms of creating and following LC. The Contract’s articles are intelligently formatted under the
electronic form. This can be well reflected by this new business transaction stream. Jimmy recently signed a contract with Lambrovider, a
lamb-exporter in New Zealand. The disbursement is guaranteed, and payments are fully made at each point the action is compliant with the contract.

Lambrovider has a bunch of orders this year. With its limited cash available on account, they are not able to gather enough lamb meat to export. They have worked with ecoBank, one of the partners in the Ecosystem of Nexty. Since ecoBank could verify that the contract with Jimmy is reliable and they are able to reimburse the payment, the loan was quickly approved. Everything needed was the information of digital contract between Lambrovider and Jimmy.
For online and traditional payment transactions, ecoBank and Nexty have collaborated and issued MasterCard, which allows customers to pay traditional credit card merchant, by swiping cards, or through apps such as Apple Pay, Google Tez, and Samsung Pay.

Can Nexty work together with partners to build a convenient payment for the future? - Shortly after the ICO succeeded, Nexty would build a very active service network through its connection to Nexty's system. Among them, there are numerous of start-up businesses using Nexty's own token system to call for capital because they can take advantage of the existing system with
the superior features that Nexty has.

Fintech is a term being mentioned repeatedly in the usage of
information technology and how it is used in the financial sector. However, a currency platform with low transaction time and low transfer costs is what Nexty is offering with the Duo Cryptocurrency Confirmation System invented. With the Duo Cryptocurrency Confirmation System, all transactions will be transferred in near-instant (only delayed due to Internet connection) at no cost.

Dual Cryptocurrency Confirmation System (DCCS):

Duo Cryptocurrency Confirmation System includes two types of Cryptocurrency operating in parallel. The former called NTY, is the main cryptocurrency for using in daily transactions. The latter called NTF, is for transaction confirmation system.
Transaction confirmation system is built on a peer-to-peer network with specific criteria to meet operational requirements. The breakthrough here is that instead of charging per transaction, those who are the holders of the second type of cryptocurrency will be rewarded with a small amount of cryptocurrency at the minor rate at the end of sealing round which is about 30-minute to 360-minute long.
This will allow the transaction fees to be zero while still guaranteeing the benefits to the persons who contribute to transaction confirmation system. This bonus is generated by the POF algorithm.

NTY: Code name of Nexty Coin

pNTY: Package equivalent to 10,000 NTY

NTF: Nexty Foundation Coin

DCCS: Dual Cryptocurrency Confirmation System

PoF: Proof of Foundation - the new consensus algorithm invented for transaction confirmation system.

Nexty Ecosystem & New Era of Startup
Shortly after the ICO, Nexty will release the RESTFUL API access at Nexty.io to work with other businesses to build an ecosystem that can use Nexty in a form of currency or method of new payment. With such a combination, users will soon have access to Nexty's ecosystem and use Nexty as a real wallet to be able to participate in daily transactions.

In addition, Nexty will cooperate with partners to hunt & ICO Startup, especially in the field of Fintech, will become a part of Nexty, helping it become a convenient payment form as well as the currency of the future. These startups will be challenged and reviewed until they are proven to have potential, and they will be fully funded by the ICO methodology.

By joining Smart Staking, only those who own 10,000,000 pNTYs will initially be granted NTF 10,000,000 without increasing. NTF coin will be very rare, because the quantity is not much, there are many advantages in the future. In addition, only NTF holders are allowed to equip mining and transaction confirmation machines

• NTF holders enjoy a high monthly income through the operation of transaction confirmation systems

Smart staking program
Smart staking program, which is part of Price Stabilization System, is a monetary policy to regulating demand and supply. By providing flexible bonus, this program can inspire NTY holders to sell, buy or hold NTY to adapt to the balance of demand and supply. There are three types of staking programs:
7-day staking

• 30-day staking
• 90-day staking
• 360-day staking
  These programs target to short-term, middle-term and long-
  term effect, respectively.

Using this smart staking program can help investors increase
their assets periodically if they keep a minimum amount in their staking wallet. Within 7 days after the end of each staking period, Nexty's system will add to the owner's wallet. The estimated stacking bonus will be introduced as follows:

There is total 40,000,000,000 NTY in the smart staking pool. This program will be end when no NTY is available in that pool.

Affiliate Program
As a means of Nexty to be broadly developed, the construction and spread to the community is very important.

Being aware of this, each successful referral will earn affiliate 6% commission on purchased amount of pNTY.
Your business integrates with Nexty, Online or retail stores will have extensions available if they use popular store systems such as Magento, Woocommerce, Prestra, Opencart, or Shopify, while other systems require only 4 to 8 hours to integrate. Their systems then are available with Nexty's API. The Online wallet is in operation on the phone, for Android, iOS, or web-based applications to be able to pay or transfer quickly between individuals - individuals.

ICO SCHEDULE

ROAD MAP

Team

Find out more on
Websites: https://nexty.io
Telegram: https://t.me/nexty_io
Twitter: https://twitter.com/nextyio
Facebook: https://facebook.com/nextycoin
Medium: https://medium.com/@nextyio

Authors Details:

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