Introduction to the total issuance of NXT coin and the online exchange

Launched in 2013 as a Bitcoin blockchain fork, NXT combines cryptocurrency with unique features like asset management and decentralized voting.

Oct 01, 2024 at 04:05 pm

1. NXT Coin Introduction

NXT is a decentralized cryptocurrency launched in 2013 as a fork of the Bitcoin blockchain. It was developed by Jelurida, a software development company based in Serbia. NXT features various functionalities beyond simple cryptocurrency transactions, such as asset management, decentralized voting, and messaging.

2. Initial Coin Offering (ICO) and Total Supply

In 2013, Jelurida conducted an ICO for NXT, issuing 1 billion NXT coins. The ICO was successful, attracting significant investment and establishing NXT as one of the early pioneers in the cryptocurrency space.

3. Online Exchange Availability

NXT is listed on numerous cryptocurrency exchanges, including:

• Binance
• HitBTC
• Bittrex
• Poloniex
• Cryptopia

These exchanges provide liquidity for NXT trading, allowing users to buy, sell, and trade the cryptocurrency with other currencies like Bitcoin, Ethereum, and fiat (e.g., USD or EUR).

4. Current Market Position

As of August 2023, NXT is ranked approximately 150th by market capitalization among all cryptocurrencies. While it was once considered a top-tier cryptocurrency, its market share has diminished over time due to the emergence of newer and more popular projects.

5. Main Features of NXT

In addition to its cryptocurrency functionality, NXT offers several unique features:

• Asset Management: NXT allows users to create and manage custom assets on the blockchain, representing real-world assets such as stocks, bonds, or property.
• Decentralized Voting: NXT supports decentralized voting mechanisms, enabling community members to participate in decision-making processes related to the platform's development.
• Messaging: NXT provides a secure messaging system that allows users to send encrypted messages directly to each other without intermediaries.
• Multi-Signature Accounts: NXT enables multiple users to control a single account, requiring multiple signatures for transactions, enhancing security.

6. Future Prospects

Jelurida continues to develop and maintain NXT, adding new features and functionalities to enhance its capabilities. The project also explores collaborations and partnerships with other blockchain projects to expand its utility. While the cryptocurrency market is highly volatile, NXT has demonstrated staying power and continues to have a loyal community of supporters.