Nexus Dubai Projects: a Whole New Defi World Unveils
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Dubai, UAE, 6th June, 2022, Chainwire
NXD projects have products that possess amazing use cases for users to explore, such as the Nexus Dubai Token, UAE Merchant Network, Nexidius, and Electrum. NXD's purpose in writing this press release is to give his readers the opportunity to learn more about these products as well as how they can be a part of them.
Nexus Dubai (NXD) is a bridging multi-network token that supports various networks. The initial issuance of the Nexus Dubai Token by Polygon blockchain, the touted second layer of the Ethereum network, is based on the next-generation “Proof of Stake” consensus algorithm, which allows fast processing and decentralization.
However, the total number of Nexus Dubai Tokens that have been issued is fixed, and if more networks are supported, the number of newly issued Nexus Dubai Tokens in the Polygon network will also be locked.
The purpose of the merchant network is to make it possible for retail stores and restaurants in Dubai to be able to utilize the system without paying too much. The NXD Project is in partnership with several companies in the UAE to provide this merchant network to many retail stores and restaurants. Stores now have the privilege of becoming members with a cheap fee to install the system, unlike in the past.
Stores and restaurants can make payments easily at a wide range of places, which include large shopping malls, supermarkets, food deliveries, luxury hotels, etc. Since incentives are provided, it is possible to enclose inbound commercial areas.
Shortly, the payment application will be updated to display store locations and recommended products. It will show the users
Read more on cryptonews.com
