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The NXD project includes products with great use cases that users can explore, such as the Nexus Dubai Token, UAE Merchant Network, Nexus, and Electrum. The purpose of NXD in writing this press release is to give readers the opportunity to learn about these products and how they can be part of them.
NXD product line
Nexus Dubai (NXD) is a bridging multi-network token that supports a variety of networks. The first issuance of the Nexus Dubai Token by the Polygon blockchain, the advertised second tier of the Ethereum network, is based on the next generation “Proof of Stake” consensus algorithm that enables fast processing and decentralization.
However, the total number of nexus Dubai tokens issued is fixed, and if more networks are supported, the number of newly issued nexus Dubai tokens in the polygon network will also be locked.
The purpose of the Merchant Network is to make the system available to Dubai retailers and restaurants at no cost. The NXD project has partnered with several UAE companies to bring this merchant network to many retailers and restaurants. Stores, unlike in the past, have the privilege of becoming a member at a lower price to install the system.
Stores and restaurants can easily make payments in a variety of locations, including large shopping malls, supermarkets, food delivery, and luxury hotels. Incentives are provided so that you can surround inbound commercial areas.
Soon, the payment application will be updated to show the store location and recommended products. Show users that there are more attractive participating stores and improve payment rates. Other benefits are:
(1) Expansion of the number of stores using the system
(2) Local-based payment system
(3) Acquisition of inbound customers
(4) Incentives for attracting customers
By promoting these four things, we will improve the lives of all users through a common payment system and create a new economic zone.
Another product of the Nexus Dubai project is Nexus. Nexidius is the most valuable virtual country ever. We provide useful services such as NexFi, Spray, Nexus Nation Bank and NXD Staking.
Nexidius focuses on developing Brainwave to handle the issuance of citizenship NFTs. All users of Citizenship NFT can enjoy the NXD service. It can be incorporated within Nexidius. The first was NXDGamesNC (Nexidius Company).
Only specified cryptocurrencies can be exchanged between companies, which is the way users can participate.
NexFi: Boost-enabled staking service for issuing citizenship NFTs by Nexus Nation Bank.
NXD Staking: Users can bet NXD tokens and be rewarded according to the amount they want to bet. There are steps that users need to follow for NXD staking, but before that, users need to understand the role of currencies.
NXD is a DeFi Legacy Token. Like BTC, it is fully decentralized.
Lydia is a CeFi-type Nexidius reserve currency. It is used in exchange for electrams and short-term transactions. This token helps stabilize the market by repeatedly issuing and burning as needed.
Electrum includes banknote NFTs for long-term holders, off-chain payments that use them as collateral, NexFi, real estate NFT purchases, e-commerce site payments, and more.
1) Users can deposit NXD and receive USDT rewards
2) Users can deposit LP tokens and receive USDT rewards
The value of the NXD token is $ 2 and the exchange rate to Lydia is set to 1 NXD = 200Lydia.
Therefore, if the user owns 2,315 NXD and converts the entire amount to Lydia, the total holding amount will be 463,000 Lydia.
When your NexFi 2.0 product is ready, users will receive an airdrop of Lydia tokens worth $ 2 per NXD when betting on NXD. Users cannot receive Lydia without betting NXD. The steps for staking NXD are described above so that users can earn Lydia tokens.
For example, if a user has 3,500 NXDs and is betting 2,000 NXDs, the total amount of Lydia you can receive with NexFi 2.0 is $ 4,000, for a total of 400,000 Lydia. He will not receive Lydia from the remaining 1,500 NXD he was not betting on.
With NexFi 2.0, Lydia aims to be listed on the exchange for $ 0.01 to create a market. Lydia tokens will be locked for 60 days, then unlocked and you can withdraw 10% each month. This is called vesting.
In the future, new Lydia tokens will be introduced that can be exchanged for the banknote NFT Electrum. However, Electrum will pay a $ 5 fee. It will continue to be protected by the Lydia token.
There is no Lydia to Electrum exchange fee, but the Electrum to Lydia Electrum conversion fee is 10%. This 10% fee will be given to you so that you can continue to use NexFi and other services.
In addition, if you deposit 20,000,000 Lydia in a place called CORE for 180 days, the exchange fee will be reduced to 1%.
Lydia Token Assignment
Token name: Lydia
Listing price: $ 0.01
Total supply: 15,000,000,000
Public share (number of tokens in the market): 30%
Company (number of tokens held by the management company): 10%
Incentive (user return budget): 30%
Staking (Budget for NexFi and other staking rewards): 30%
The NXD project aims to improve the lives of all users by gathering information and evolving it according to market and project conditions. Learn more about Nexidius and its services, and how to receive more Lydia tokens and participate in this amazing project. Check out our website and other social media platforms and make sure you don’t miss anything!
NXD is the source of this content. This press release is for informational purposes only. This information does not constitute investment advice or investment offers.