Nexus Dubai

Nexidius

About The Nexus Project

The Nexus Project aims to provide digital incentives for people's daily consumption behavior that are secured in value by a decentralized ecosystem.

Digital rewards/points services, which have become a part of our daily lives, have shifted from being a mere "discount program" to being used as a "measure to attract and retain customers" in the web 1.0 〜 2.0 era. Furthermore, more and more companies around the world are using loyalty point services not only to "retain customers" (i.e., to acquire repeat customers), but also to "convert customers into fans" (i.e., into loyal customers who become attached to a company or brand and continue to support it over the long term). While it is of course necessary to implement a variety of other measures in addition to point services to make people become fans, digital incentives have been completely ingrained in our everyday lives as a way to "trigger" people to become fans.

While the market for digital incentives/digital point services is growing, it is true that there are also some volatile aspects, such as the fact that the value of digital points depends on the trust of the company and can lose its value depending on the economic situation of the issuing company. The Nexus Project will also allow for the signing and settlement of large purchases such as real estate, something that has not been accomplished by conventional payment systems. Up until now, there have been no services that go as far as settlement of real estate contracts with smart contracts due to problems with identity verification and payment screening. However, by incorporating smart contracts, asset collateral, and personal authentication mechanisms, blockchain technology can be used to its fullest potential to facilitate the purchase of real estate. By staking coins issued by the Nexus Project, it is possible to purchase more coins at a discount.

The Nexus Project will centralize digital incentives and digital points in the Nexus merchant network and use it as a gateway to the democratic and decentralized world of cryptocurrency. The project also aims to evolve the digital incentive/digital point service as a Web 3.0 solution that does not depend on the issuing company by backing the value of digital points through a proprietary token.

Nexus Dubai Token (NXD)

Nexus Dubai Token is a bridging multi-network token that supports various networks.

The Nexus Dubai Token is being initially issued by Polygon, the touted second layer of the Ethereum network, which is based on the next-generation “Proof of Stake” consensus algorithm, allowing for fast processing and decentralization.

Polygon is expected to solve Ethereum’s high fees and transaction problems, allowing for cheaper and faster transactions than other chains. In addition, Polygon’s second layer (side chain) acts as a fast blockchain that runs alongside the main Ethereum blockchain. Polygon, a potential future replacement for Ethereum, is also highly compatible with ERC and can be used for applications on various Ethereum blockchains. The total number of Nexus Dubai Token issued is fixed, and if more networks are supported, the number of newly issued Nexus Dubai Token in the Polygon network will be locked.

UAE Merchant Network

The NXD Project, in partnership with various companies in the UAE, can be used in many retail stores, restaurants in Dubai.

Stores can also become members without having to spend a large amount of money to install the system as is usually the case. Payment can be made easily at a wide range of places including large shopping malls, supermarkets, food deliveries, hotels, etc. Since incentives are provided, it is possible to enclose inbound commercial areas. The payment application will be updated to display store locations and recommended products to show that there are more attractive participating stores and improve the settlement rate. (1)Expansion of the number of stores using the system (2)Locally-based payment system (3)Attracting inbound customers (4)Incentives to attract customers By promoting these four things, the lives of all users will be improved through a common settlement system, and a new economic zone will be created.

Nexus Token

Nexus Token is a bridging multi-network token with support for a variety of networks. The Nexus Token will be initially issued through Polygon, which is being touted as a second layer of the Ethereum network that allows for fast processing power and decentralization based on "Proof of Stake," a next generation consensus algorithm. Polygon is expected to solve Ethereum's high fee and transaction problems, and can perform transactions at a lower cost and faster speed than other chains. Polygon's second layer (side chain) also acts as a fast blockchain that runs alongside the main Ethereum blockchain. Polygon, a potential future replacement for Ethereum, is also highly compatible with ERC and can be used for a variety of applications running on the Ethereum blockchain. The total supply of Nexus Token will be fixed, and in the case of added support for more networks, an amount of Nexus Tokens on the polygon network equivalent to the newly issued supply will become locked.

Polygon

Polygon was founded by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, later joined by Mihailo Bjelic. The original name of the project was Matic, but the project was renamed to Polygon in 2021. It was created to solve the scalability concerns that had been identified with Ethereum. It is also capable of handling large volumes of transactions of crypto assets.

Polygon is organized in multiple layers (hierarchies).

• Ethereum Layer

  • Handles communication with the polygon chain, verifies transactions, and handles staking processes.

• Network Layer

  • Handles block generation, local consensus, and transaction queries.

• Security Layer

  • Responsible for security and preventing unauthorized access

Polygon Chains

Polygon supports two major types of ethereum-compatible blockchain networks: stand-alone networks and secured networks.

• Stand-alone chains

  • Independent with its own security system. This allows projects to establish a high degree of independence and provides flexibility in operations.

• Secured chains

  • Networks that set up a pool of professional validators, verifying and validating networks and transactions, such as the service provided by Polkadot. Secured chains generally offer a higher level of security, with the tradeoff of sacrificing a portion of independence and flexibility.

Nexidius

Nexidius is the most valuable virtual country it’s ever made.

Development of Brainwave -Layer 1 ・Issuance of citizenship NFT.

-Users with citizenship will be able to receive NXD services. ・Nexus Nation Bank.

-Central Bank of Nexidius. Incorporation is possible within Nexidius.

The first was NXD Games NC. NC stands for Nexidius Company. Certificate of Incorporation and license issued by NFT. Only designated virtual currencies can be exchanged between companies.