This is a story about a low market cap gem that could.Disclaimer - You might have seen projects similar to the one I will be describing, so if you did, please go ahead and tell me about it, I’ll be happy to get your point of view.And yeah, this post is being written for my own benefit. First of all, I’ll be getting that sweet post karma on Reddit, and, secondly, I’ll increase the awareness for an exchange that I am planning to use and that I hold tokens of.I won’t go really deep into technical aspects, because I am not a proficient developer, but I’ll go over the main technical features of the exchange, since they really show why NEXT has a significant edge over competitors. These features are also the reason why I believe that NEXT will capture a sizeable market share from other crypto exchanges. So, let’s start:Decentralized nature of crypto-crypto trading + fiat ramp.Everyone knows about IDEX, right? I used it back in the days and it’s been a great experience for me in search of moonshots until they introduced KYC, but that’s a whole other story. My point is that, even with their interface thats looking a bit dated, I felt very safe trading, since I used my Ledger as my exchange wallet, and I never had to worry about any hacks, because hey, decentralization right. That’s what I really appreciate about NEXT - they claim to combine centralized infrastructure with decentralized features, thus having both easy trading interface and provide their users with access to wallet private keys. Sounds pretty nice to me.They also state that they will provide fiat onramp through their banking partners Bunq and Klarna, which is undoubtedly great and will save plenty of time, since I won’t have to go back and forth between Coinbase or someone else and NEXT to get my ETH/BTC to buy some altcoins, which is another win in my book.Fair and sensible listing policy.NEXT is alleviating some burden off our shoulders, as the exchange itself will be doing due diligence and list only active and growing projects with teams that are willing to do KYC. Also, judging from their last AMA, the team really understand current market conditions and trends, so I expect them to list young projects that really need listings for exposure and that might be future 100x lowcap gems.Also, team is pretty liberal with their listing policy (considering that the project is legit) and has shown a willingness to list a project if a sufficient percentage of community members will want it to be list on NEXT.exchange. Basically projects with active and growing communities will be given preference. I think that overall, this is a good practice, which really shows that the team is willing to listen to its people and be very democratic.Transparent & efficient fee distribution.The cherry on top of the hybrid cake is the fee distribution. The model that NEXT will follow is that the trading fees accumulated by the exchange are distributed amongst NEXT holder (with the exception of necessary operating costs). The NEXT team have also developed their own blockchain, NEXT.chain, which supports Masternodes. The NEXT Masternodes are a pretty significant investment (several k USD iirc), but a lot of slots are already filled, around 85% or so allocated for the first year, according to their CEO. Because NEXT is based on its own custom blockchain, every successful order is a mineable transaction. Nodes mine that and get rewarded for it.You should check out this calculator to fiddle around with fee redistribution numbers and rewards. I hope you’ll be as impressed as I was.I’ll finish this one on a sentimental note - human beings are prone to overlook exceptional possibilities. Many of us heard about Bitcoin when the price was in tens or even in hundreds, but most just remained indifferent.Missing Bitcoin at 150$, missing AMZN at 400$, missing taking my high school crush to prom (okay I made this up for comedic effect) taught me to treat the opportunities that come up around me differently.I am not saying that NEXT is necessarily the one, but it’s at least worthy of a proper, careful examination.
Submitted October 02, 2019 at 03:42PM
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