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Nexxo (NEXXO) ICO Review

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ONexxo is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.

Essential Information

Ico TimeUnknown – Unknown
Token NameNexxo
Token SymbolNEXXO
WhitepaperView Whitepaper
Website LinkHome
Price1 NEXXO = 0.00083 USD
PlatformEthereum
Soft Cap1,000,000 USD
Hard Cap8,300,000 USD

More about Nexxo (NEXXO) ICO:

The world’s first global blockchain-powered small business financial services platform. By providing financial and payment solutions to small businesses; ranging from corporate cards to point-of-sale systems – these solutions help grow small businesses’ operations, lower their costs and manage their surrounding ecosystem. NEXXO does it by being legally and locally compliant with respective countries which other unauthorized participants will not have access to these information. Powered by IBM Hyperledger Fabric, NEXXONET connects all NEXXO local and private blockchains to form a global blockchain-powered platform.

The world’s first global blockchain-powered small business banking. By providing financial and payment solutions to small businesses; ranging from corporate cards to point-of-sale systems – these solutions help grow small businesses’ operations, lower their costs and manage their surrounding ecosystem. NEXXO does it by being legally and locally compliant with respective countries which other unauthorized participants will not have access to these information.

Powered by IBM Hyperledger Fabric, NEXXONET connects all NEXXO local and private blockchains to form a global banking small business blockchain solution.

NEXXONet, a global, multi-country, decentralized financial services blockchain based on linking all local/private (intra-country) blockchains

Some blockchain platforms believe that they can force a global blockchain onto local governments, without being locally licensed or regulated. However, we believe that a true global financial services blockchain can only be built from the ground up, by linking locally regulated blockchains onto a globally compliant blockchain.

As a result, we believe that the most realistic global blockchain financial services model must be built form the ground up based on private blockchains.

Why link multiple private blockchains?

Each country will have its own private blockchain that is compliant to regulations of each local monetary authority. Guidelines such as KYC, AML, OFAC, or risk management standards must be adhered to by NEXXO, one local country at a time. This is because in having a ‘one size fits all’ solution, it is not possible to be compliant across different regulatory bodies.

Furthermore, when being audited by a local central financial services or local government body, such entities would not allow another government to access its internal data, nor allow a foreign entity to monitor internal businesses or consumer transactions.

By linking all local intra-country blockchains onto a global blockchain, we will achieve the world’s first globally compliant blockchain powered financial services platform focused on small businesses.

Our objective is to build a highly versatile local/global financial services blockchain platform based on legal, secure, and compliant fundamentals. This approach enables us to interlink all local financial services networks to deliver the world’s first globally (internationally) compliant financial platform, focused on servicing micro and small businesses.

Such a platform can be initially leveraged to service local small business markets, but later can be used to facilitate commerce. This could include simplifying other international financial services, such as letters of credit, or offering instantaneous international remittances.

Just like in other crypto platforms, miners are rewarded in tokens for processing transaction blocks that sustain the blockchain ecosystem; NEXXO rewards “enablers” in tokens for investing time and effort to help grow the NEXXO network. Enablers are independent sales organizations, either individual or business entities, who are well connected and trusted in their small business communities. They are trained, then encouraged to promote and market NEXXO products and services, and in return, are rewarded for marketing and promoting NEXXO small business financial products.

Enablers will have the choice to keep their rewards in tokens or convert to fiat.

Currently, all referral partners are compensated with 100% fiat commissions. However, once our token is live, we shall follow a stepwise process to go from fiat to token. For example, we could start initially with paying commissions as 25% in NEXXO tokens and 75% in fiat, then 50%/50%, then 75%/25%; until we reach our targeted 100% of reward commissions in NEXXO tokens. Furthermore, we shall give our enablers full freedom to keep their commissions in 100% NEXXO tokens or “cash-out” to fiat. This will give enablers the ability to speculate or convert their tokens to fiat at any time. Note that once they convert to fiat, then their funds go onto their NEXXO issued bank card (described in the solutions section).

NEXXO already has a growing ecosystem of small businesses that it serves.

NEXXO token holders can purchase various products and services from many of NEXXO’s 15,000, and growing, small business partners at a discounted rate when paying with NEXXO tokens.

Likewise, small businesses on the NEXXO platform would enjoy NEXXO products and services at a discounted cost when they accept NEXXO tokens as a mode of payment. Token holders, small business partners and the community will benefit greatly from this already well-established ecosystem. Further utility shall be as follows:

1-KYC’d token holders that reside within jurisdictions, where NEXXO is regulated shall be allowed to apply and receive a Bank Card with an IBAN (International Bank Account) linked to a mobile wallet, where they can convert their NEXXO token holdings to fiat and vice versa.
2-KYC’s users, as defined above, shall have the right to easily convert other crypto holdings to NEXXO tokens, to be offered by NEXXO exchange partners and vice versa.
3-KYC’d users, defined above, shall receive various coupons, discounts, and loyalty deals from tens of thousands of NEXXO small business merchants, with these deals being displayed onto the token holder’s mobile wallet. This enables token holders to enjoy thousands of fiat dollars in discounts, while having the freedom to pay for such discounts in token or in fiat currency.

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