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NXD projects include products that are in amazing use for users to explore, such as Nexus Dubai Token, UAE Merchant Network, Nexidius and Electrum. NXD’s purpose in writing this press release is to give its readers the opportunity to learn more about these products as well as how they can be a part of them.
NXD product line
The Nexus Dubai (NXD) is a bridging multi-network token that supports a variety of networks. The initial issue of the Nexus Dubai token by Polygon Blockchain, the second tier of the Etherium network, is based on the next-generation “proof of stack” consensus algorithm, which allows for faster processing and decentralization.
However, the total number of Nexus Dubai tokens issued has been fixed, and if more networks are supported, the number of newly issued Nexus Dubai tokens on the polygon network will also be locked.
The purpose of the merchant network is to enable retail stores and restaurants in Dubai to use the system without paying too much. The NXD project is in partnership with various companies in the UAE to provide this merchant network to many retail stores and restaurants. Stores now have the facility to subscribe for a cheaper fee to install the system, unlike in the past.
Shops and restaurants can easily afford a wide range of locations, including large shopping malls, supermarkets, catering, luxury hotels, and more. Since incentives are provided, it is possible to encircle the inner commercial area.
Soon, the location of the store and the payment application for displaying the proposed product will be updated. This will show users that there are more attractive participating stores and will improve the settlement rate. Some other benefits include:
(1) Expand the number of stores using the system
(2) Locally based payment system
(3) Attract introverted customers
(4) Incentives to attract customers
In addition to promoting these four things, they will improve the lives of all users through a common settlement system and create a new economic zone.
Another product of the Nexus Dubai project is the Nexidias. Nexidias is by far the most valuable virtual country. It offers some useful services including NexFi, Spray, Nexus Nation Bank, NXD staking and others.
Nexidias focuses on the development of the brainwave that carries out the issue of citizenship NFT. Citizenship All users with NFT will be able to enjoy NXD services. Inclusion in Nexidias is possible. The first was NXD Games NC (Nexidius Company).
Only designated virtual currencies can be exchanged between companies and users can participate.
NexFi: Boost-enabled stacking service for issuing citizenship NFT by Nexus Nation Bank.
NXD Stacking: Users can stock their NXD tokens depending on how much they want to share in order to receive rewards. There are some steps that users need to follow for NXD stacking but before that, they need to understand the role of currency.
NXD is a DeFi Legacy Token; Just like BTC, it is completely decentralized.
Lydia is a CeFi type of Nexidius reserve currency. It is used in exchange for electricity, short term trade, etc. This token stabilizes the market, repeats the issue and burns as needed.
Electrum is the banknote NFT for long term holders, off-chain payments using it as a parallel, NexFi, real estate NFT purchases, e-commerce site payments etc.
1) Users can deposit NXD and receive a USDT reward
2) Users can submit an LP token and receive a USDT reward
The NXD token will be priced at $ 2 and the Lydia exchange rate will be set at 1 NXD = 200 Lydia.
So, if a user has 2,315 NXD and the whole amount is converted to Lydia, the total holding would be 463,000 Lydia.
Once the NexFi 2.0 product is ready, users will receive an airdrop of Lydia tokens for N 2 per NXD when they share NXD. Users cannot receive Lydia without NXD stack. The steps for stacking NXD are explained above so that users can earn Lydia tokens.
For example, if a user has 3,500 NXD and 2,000 NXD bets, the amount of Lydia he can get on NexFi 2.0 is $ 4,000, for a total of 400,000 Lydia. From the remaining 1,500 NXD he will not get any Lydia which he did not bet.
In NexFi 2.0, Lydia aims to be listed on the exchange for 0.01 to market. Lydia tokens will be locked for 60 days, after which they will be unlocked and refundable by 10% per month. This is called vesting.
In the future, new Lydia tokens will be introduced so that they can be exchanged for Electrum, a banknote NFT. However, you will pay a 5 fee to Electrum, which will be protected by Lydia Token.
There will be no exchange fee from Lydia to Electram, but there will be a 10% Electrum conversion fee from Lydia to Electrum. This 10% fee will be passed on to users so that NexFi and other services can continue
In addition, if you deposit 20,000,000 Lydia for 180 days at a place called CORE, the exchange fee will be reduced to 1%.
Lydia token allocation
Token name: Lydia
List Price: $ 0.01
Total supply: 15,000,000,000
Public shares (number of tokens in the market): 30%
Company (number of tokens held by the operating company): 10%
Incentive (budget for user return): 30%
Stacking (budget for NexFi and other stacking prizes): 30%
The goal of the NXD project is to improve the lives of all its users by collecting information and evolving according to market and project conditions. You can learn more about Nexidius and its services as well as how you can get more Lydia tokens and be part of this great project. Check out our website and other social media platforms so you don’t miss anything!
NXD is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or investment proposal.