$ 0.03492 right now
Trade name: CNX
Year of Foundation: 2017
What is Cryptonex?
The Cryptonex network is coded with C++. It functions as a payment system that offers the user a decentralized and secure system for transacting and transferring fiat currencies and cryptocurrencies. Its core is centered on scrypt algorithm making fast and efficient mobile phone, debit card and credit cards transactions.
It is simply a global blockchain acquiring network that allows decentralized, secure and instant transfer of fiat and cryptocurrencies for any crypto and tokens. It runs on an independent blockchain, which is why it enables connection of significant coins for easy and efficient using of debit/credit cards.
How it works
It works the same way with some of the altcoins on the market by using Scrypt mining algorithm. At the same time, proof-of-stake capabilities are offered to allow users to hold their coins and receive rewards. PoS also ensure that transactions are completed in seconds.
It is an open network source platform that aims at connecting blockchain services and related activities, banks, and mobile apps with no contact payments in one ecosystem. Users can access their wallets to make both fiat and crypto transactions.
Real-time data is used by the wallet to make current conversions.
First, data from various peer-to-peer networks is accumulated and set at real-time conversion prices. The users can then apply these rates to deposits, withdraw or make payments through their wallets.
Users are rewarded for posts that they make on social media networks and other forums. The post is required to be meaningful and helpful for you to get the reward.
The ICO of the international blockchain acquiring project Cryptonex (CNX) lounged in October 2017. A team of Investment Financial Group developed it. The main specialization of the group is software development for financial markets.
How to use Cryptonex
CNX has its own blockchain platform. It has a wallet for major operating systems. It also provides PoW and PoS mining so to earn; one has to buy/transfer coins to the computer wallet. When the wallet is online, mining starts.