Nexus Dubai (NXD)

Nexus Dubai (NXD) is a bridging multi-network token that supports various networks. Initially issued by Polygon, the second layer of the Ethereum network, Nexus Token is based on a next-generation “Proof of Stake” consensus algorithm, providing fast processing and decentralization. Polygon aims to address Ethereum’s high fees and transaction issues, enabling cheaper and faster transactions compared to other chains. It acts as a fast blockchain running alongside the main Ethereum blockchain. Nexus Token is highly compatible with ERC and can be used for applications on various Ethereum blockchains.

The Nexus Project, in collaboration with companies in the UAE, offers a common settlement system that can be used in retail stores, restaurants, and other establishments, primarily in Dubai and Abu Dhabi. Payment can be easily made at a wide range of places, including shopping malls, supermarkets, and hotels, while incentives encourage the attraction of customers. By promoting the expansion of participating stores, implementing a locally-based payment system, attracting inbound customers, and offering incentives, Nexus aims to improve users’ lives and create a new economic zone.

The Nexus Token Distribution Plan includes initial boarding members, private sale participants, and pre-sale participants. Players also have the opportunity to accumulate tokens or coins through gameplay, which can later be redeemed for rewards. Nexus Token will be stored in a staking contract for Staking Earn and Discount Sale, with the remaining tokens being distributed in the market through Nexus Token Staking by NEXFI. The app Spray will provide a payment and loyalty solution, allowing users to earn NEX points based on spending and use these points for payment. The app is set to be released in March 2022 and will be available in various shopping centers in Dubai.