The Nexus Dubai Project is worked up to offer customers with numerous services and products that promise to alter person expertise whereas offering wonderful use circumstances.
Nexus Dubai’s product line contains the Nexus Dubai Token (NXD), Nexidius, Electrum, and the UAE Service provider Community.
On the core of the mission is the NXD token, a bridging multi-network token designed to help numerous networks. NXD is the token utilized in Nexidius, the world’s first digital nation. NXD is a DeFi legacy token initially issued by the Polygon blockchain. The token has a set complete quantity. Within the coming days, when extra networks are supported, the variety of newly issued Nexus Dubai Tokens within the Polygon community will probably be locked.
Second is the UAE Service provider Community created in partnership with numerous firms within the UAE area. The service provider community goals to make it attainable for retail shops and eating places to make use of the NDX system at an economical value. The service provider community will make it attainable for shops and eating places to simply make funds at a variety of locations together with supermarkets, procuring malls, meals deliveries, and extra. Be aware the community will present incentives making it attainable to surround inbound industrial areas.
Shortly, the NDX crew plan to replace the funds utility to show retailer location and really helpful merchandise. The replace may also present customers extra engaging taking part shops and an improved settlement fee. Different advantages offered by the service provider community embody growth of the variety of shops utilizing the system, a locally-based fee system, attracting inbound prospects, and incentives to draw prospects.
One other product on the Nexidius, the primary of its sort and most useful digital nation. This digital nation focuses on different improvement of Brainwave which takes care of the Issuance of citizenship NFT. Holders of the Citizenship NFT will be capable of take pleasure in quite a few NXD companies and advantages akin to NXD staking, Nexus Nationwide Financial institution, NexFi, and extra. The Citizenship NFTs are issued by the Nexus Nationwide Financial institution whereas NexFi is a boost-enabled staking service for the issuance of the NFTs.
The Electrum is a banknote NFT for long-term holders, e-commerce website funds, NexFi, off-chain funds utilizing this as collateral, actual property NFT purchases, and extra. The banknote can be utilized to deposit NXD and get a USDT reward or deposit an LP token to get USDT rewards.
Notably, Nexidius additionally has a reserve foreign money known as Lydia (LYDIA). The CeFi kind foreign money is utilized in alternate for Electrum short-term trades. LYDIA is a BEP 20 token with a complete provide of 15 billion tokens.