Frequently Asked Questions

1. What is Nexty?

Nexty is a platform based on blockchain technology to help the ecommerce startups to raise funds from the community. The startups would become part of the ecosystem of Nexty.

2. Is it possible for startups outside of e-commercial field to raise funds?

Absolutely, but startups in this field would benefit more from inside Nexty’s ecosystem, being able to take advantage of Instant Transfer and Zero Transfer Fees.

3. What are Instant Transfer and Zero Transfer Fees?

These unique technologies are exclusive to Nexty, providing ecommerce startups namely online shops or services with fast, free and stable pricing experience for users. It’s a game changer to shop and pay online without transaction fees and long waiting time for transaction confirmation.

4. What is Nexty's Unique Selling Proposition(USP) in contrast from competitors like Ethereum, Nano, Wave, Neo & etc?

Nexty can provide instant, free transfer with a stable coin price at the same time. While the competitors may offer one or two of these features, none of them can provide all three of them at the same time yet. These three features are vital for ecommerce micro payment businesses for flourish, so their profit margins would not be disproportionately impacted by transaction fees.

For instance if you buy a 10 cent item on Amazon and make payment by Bitcoin or
Ethereum. As of 19Jul 2018, the approximate exchange rate of 1 Bitcoin =US$7,400 and 1 Ethereum =US$500; however, the transaction amount will be not be intuitive because of too many zeroes in front of the decimal place. Moreover, the high transaction cost of the 10 cent payment via Bitcoin or Ethereum would render uneconomical.

5. What is the total supply of Nexty's coin NTY?

The total supply is 180B NTY or 180,000,000,000NTY where 1 pNTY = 10,000 NTY.

6. Does such a high supply devalue NTY?

Not if there’s a vibrant ecosystem that creates a strong demand for NTY. pNTY is targeted for larger transaction size, while NTY is intended for high volume micro transactions.

7. What is Dual Cryptocurrency Confirmation System?

Nexty introduced the Dual Cryptocurrency Confirmation System(DCCS) to enhance the valuation of early pNTY adopters. In addition to NTY, Nexty also minted the Nexty Foundation token NTF.

DCCS processes NTY transaction without a fee instantly. NTF will be used to verify NTY transactions and owners of NTF will receive rewards at the end of each month instead of receiving immediate transaction verification fees as commonly found in other Cryptocurrencies. Moreover, only NTF holders have privileges to mine NTY and NTF’s total supply is limited to only 10,000,000.

With Nexty ecosystem model, NTY coin will increase its value, resulting in the increase of NTF’s token value as well.

8. How to acquire the NTF coins?

It is a privilege for the first 10,000,000 pNTY owners to receive 1 NTF, in essence getting two for the price of one. But NTF can only be acquired during the ICO period; otherwise, you can acquire it on the secondary market when available later.

However, it’s unlikely because NTF owners can mine NTY coins and obtain NTY by using the Proof of Foundation algorithm. Because of such benefits, NTF holders will not sell the NTFs they own, or sell at high price.

The owners of 10,000,000 pNTY must, firstly, freeze their pNTYs to receive NTFs through the Smart Staking program.

9. What is Smart Staking? Will NTY coins would stop generating dividend when it's frozen?

It will continue to generate dividend each and everyday when frozen. Freezing by Smart Staking program offers you even greater benefit.

Smart Staking means no online mode for maintenance as Staking normally but still earns an increment. For more detailed Smart Staking program, consult here

10. How to join ICO?

The prequisite condition is to have a Nexty account. If you do not have one, sign up here.

Once you have an account, log in here and load Bitcoin or Ethereum then wait for the ICO sale date. See ICO sale date here.

11. Is the affiliate program available in Nexty?

Yes, each successful referral will generate 10% commission on purchased amount of pNTY during ICO and 6% post ICO; It’s applicable in both ICO and Smart Staking programs.

12. How is Nexty’s affiliate program different from most of other projects?

The 1st level commission of other projects is usually the highest.

Nexty targets a strong and sustainable community, this affiliate system intended to mutually benefit both the referral and referee.

13. Is it possible for a user to create multiple accounts and subsequently abuse the affiliate program?

Each user is allowed to create one account only, based on verified identification.

Nexty will manage this issue strictly and lock any offending accounts. Consult the Terms of Use for details.

14. How many coins per person can be acquire during the ICO?

Minimum amount: 100 pNTY

Maximum amount: 300 pNTY

15. What kind of load accepted by Nexty?

Nexty accepts Bitcoin or Ethereum

16. Can I withdraw despite the load?

In order to maintain the system and avoid overload, during the ICO period, the withdrawal function is temporarily disabled. You can withdraw after the ICO ends.

17. Can I transfer my pNTY internally to another member?

Yes but it might raise a red flag at security.

18. Please follow these instructions to enable double layer security for your account:

Step 1: Sign in to your Nexty account here.

Step 2: Click on Two Factor Authentication in the avatar at the top right corner of your account.

Enable set up the 2-layer security.

19. With such limited amount in open sales, I am afraid I will not buy pNTY in the ICO period

In the spirit of fairness, Nexty only allows one account to purchase a maximum of 500 pNTY. Once the cap has been reach, Nexty will restrict any additional NTY acquisition.

20. Where can I see Nexty Roadmap and Whitepaper?

Click here for Roadmap

Click here for Whitepaper

21. How would Nexty invest in the funds raised?

Many start-ups develop great ideas and even create completed products, but are lack the financial resources to develop the project. Hence, Nexty will invest in such startups by providing a platform to raise funds through the ICO and support communications as well as strategy advice. In return, Nexty will receive a percentage of the shares in the startup.

Once an ICO is created by Nexty, investors can acquire tokens via pNTY, which creates continuous growth potential and enhances the value of the NTY.

For further questions, kindly contact us through [email protected]