The Nexus Project Is Excited To Announce Its Most Recent Update, the Nexus Dubai Token – Press Release
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Omniyat, Dubai–(Newsfile Corp. – March 2, 2022) – The Nexus Project is excited to announce its most recent update, the Nexus Dubai (NXD) Token.
Nexus Token – NXD, is the network’s reward token with support for different networks. It’s built on the Polygon network, which is referred to as a 2nd layer of the Ethereum network that allows for quick processing power and decentralization based on “Proof of Stake,” a next generation consensus algorithm. Polygon is a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without risking security — Polygon was created to solve the scalability concerns that had been identified with Ethereum.
The Nexus Project, a bridging multi-network token that supports a variety of networks, is providing digital incentives for people’s daily consumption behaviour by a decentralized ecosystem.
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Digital rewards/points services have moved from being a mere discount program to being used to increase customer’s engagement and loyalty to a firm in the web 1.0 ~ 2.0 era.
The Nexus Project aims to centralize digital incentives and digital points in the Nexus merchant network and use it as a ticket to the democratic and decentralized sector of cryptocurrency. This way, the project will evolve the digital incentive/digital point service as a Web 3.0 solution that does not rely on the issuing company by supporting the value of digital points through a proprietary token.
The Nexus Project intends to offer a digital payment infrastructure that will contribute to economic development by increasing accessibility. Thus, by integrating smart contracts, asset collateral, and personal authentication mechanisms, the project employs blockchain technology to facilitate not only small purchases but also signing and settlement of large purchases such as…
There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. Moreover, nothing contained in this PR should be construed as a recommendation to buy, sell, or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security, or related transaction is appropriate for you based on your investment objectives, financial circumstances, and risk tolerance. Consult your business advisor, attorney, or tax advisor regarding your specific business, legal, or tax situation.
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