INTRODUCTION
When Bitcoin came in 2009, it brought the blockchain technology to limelight and it paved the way for several other cryptocurrencies. Subsequently, the blockchain technology became so popular partially because of the trustworthiness of the network but majorly as a result of the transparency.
However, the popularity offered by the blockchain innovations notwithstanding, the crypto world is still faced with some challenges that hinder Bitcoin and other cryptocurrencies from gaining mass adoption in the financial system.
A key challenge faced by the crypto world is the rigor often encountered in exchanging cryptocurrencies to other cryptocurrencies as well as Fiat currencies. As such, there the need for a dependable and transparent cryptocurrency exchange network. Besides, the current exchange platforms that exist charges humongous fees as transaction cost. This scares potential investors from coming to the money market.
Arising from the foregoing, therefore, a team of expert who are vast in cryptocurrency dealings have came together to develop a very efficient blockchain-based platform that can resolve all of this challenge in one sweep, the NELUNS.
NELUNS: A COMPREHENSIVE BLOCKCHAIN-BASED FINANCIAL ECOSYSTEM
NELUNS Ecosystem
All over the globe, the banking and financial sectors have been impacted immensely by the use of blockchain applications. Innovative blockchain networks are beginning to surface that takes a complete departure from the conventional idea of banking and financial system. This new approach employs a totally new notion of reaching out to clients, safety and transparency.
Through the use of blockchain applications, financial and banking sectors can now create more flexible and workable financial conditions through the use of the innovative cryptography. In this wise, we are looking at Neluns and its financial platform.
Neluns comes as a modern-day bank that constitutes a financial network where a bank that can run on digital currencies and fiat money, serve as a crypto exchange and as well serve as an insurance company is out together under the same body as a tokenized blockchain platform.
Aim of NELUNS
The primary aim of the developers of NELUNS blockchain ecosystem is to build a platform that features a bank, a cryptocurrency exchange platform and an Insurance firm on just a platform. NELUNS is offering a complete solution to the general financial system for private and public goals.
Basically, the role of NELUNS is to undertake payments, buying, selling cryptocurrencies and support withdrawals from just about any cryptocurrency. NELUNS has it own personal application that is can work in both Android and iOS platform.
They are used in such a manner that they can simplify the banking and exchange operations and can be accessed from any part of the globe.
FEATURES OF THE NELUNS ECOSYSTEM
NELUNS Bank
The NELUNS Bank is a financial-related directive compliant back that offers users the opportunity to manage their account in both fiat and cryptocurrencies.
NELUNS Exchange
The NELUNS Exchange is controlled by the United States Securities and Exchange Commission that gives room for an innovative trade procedure that is safe and fast enough for cryptocurrency needs.
The NELUNS Insurance Company
This insurance company secures United States Item Futures Trading Commission permits and ensures that every trade and those completed in the framework are held down.
NELUNS TOKEN
The tokens created by NELUNS, NLS is an ERC20 standard type token and it is used for every transaction to be made on the NELUNS ecosystem. The initial coin offering was from September to October 2018. It supports Ethereum and the face value is 1 NLS to 1 USD.
The total tokens supplied is 200,000,000 but the goal is to raise 112,000,000 USD and it is Know Your Client (KYC) compliant.
CONCLUSION
NELUNS Ecosystem is developed to build an intuitive financial platform that can act as a bank, a cryptocurrency exchange and an insurance company thereby providing the right avenue for the cryptocurrency to improve and for new investors to come on board.
TO KNOW MORE ABOUT NELUNS
Join the Telegram Group: http://t.me/TheNelunsChat
Follow on Twitter: https://twitter.com/TheNeluns
Follow on Facebook: https://www.facebook.com/The-Neluns-2038488129802279/
Follow on Medium: https://medium.com/@iconeluns
Website: https://neluns.io/
Whitepaper: https://neluns.io/static/ver165/whitepaper/whitepaper.pdf
Author's Details;
Author: Chuky92
Author's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2084586