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Buy Cryptonex (CNX) India – BuyBitcoin

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What is Cryptonex?

Cryptonex is an international decentralized cryptocurrency that is intended for the new generation of consumer.  It is designed on its own blockchain platform and works best on this personalized system. Buy Cryptonex (CNX) India – BuyBitcoin.

The main reason why this cryptocurrency was created was to offer users a chance to exchange any currency in the world for any other kind of token or cryptocurrency. It also gives the users an opportunity to purchase goods and services using payment cards and mobile phones, all while enjoying the anonymity of a decentralized currency.

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Team

Nine core developers with a vast experience in the fields of software programming, blockchain technology, PR and marketing comprise the current team. Pavel Kalinin is the head of the team and the founder and managing director of Cryptonex. He has had over 5 years’ experience in software development and blockchain technology. Other members include Lina Kai, Andrey Eshrov, Max Tennant, Dmitry Palaguta and Igor Litvineko, the team leader.

How does Cryptonex (CNX) work?

The C++ coded network, Cryptonex, was first developed in 2015. It is a payment system that offers its users a decentralized and secure platform to transact, transfer fiat and cryptocurrencies. The core of the development of the network is the scrypt algorithm. Thus, it is a fast and efficient network that allows mobile phone, debit and credit cards transactions. The token gained massive attention in early December when a number of people received the token in their Ether wallets for free. Sums of up to 1,000 CNX tokens were distributed to various wallets on MyEtherWallet.  The problem was later confirmed to be a technical error by Etherdelta exchange. The coin has since seen its price soar to the all-time high of $10 but currently trades at a lower price after the recent cryptocurrency bloodbath in early February.

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What is Cryptonex?

Cryptonex is a global blockchain acquiring network. It allows for decentralized, secure and instant transfer and exchange of different fiat/cryptocurrencies for any cryptocurrencies and tokens. The network runs on its own independent blockchain and enables connection of the major coins’ blockchains to allow easy and efficient spending of crypto using debit and credit cards. The development team is working on the release of the mobile applications with contactless payments.

Team

Nine core developers with a vast experience in the fields of software programming, blockchain technology, PR and marketing comprise the current team. Pavel Kalinin is the head of the team and the founder and managing director of Cryptonex. He has had over 5 years’ experience in software development and blockchain technology. Other members include Lina Kai, Andrey Eshrov, Max Tennant, Dmitry Palaguta and Igor Litvineko, the team leader.

Cryptonex token (CNX)

The CNX token has seen a massive growth in price for the past 6 months that it has been in existence since October 2017. The coin’s market cap has gained to achieve the over $300,000,000USD mark. The coin has seen a healthy rise in price since its ICO.

CNX Ownership

Last October, CNX became available to the public through an initial coin offering (ICO). The ICO raised a total of $18 million from 85 million CNX tokens offered. The coin has a maximum cap supply of 210,000.000 CNX tokens; 15 million will go to the Bounty Program where users will get rewards for finding a bug or detecting any mishap in the network and 5 million CNX will reward the developers and community team of Cryptonex. The rest of the coins will be used to provide liquidity of various exchanges while acquiring the tokens. The coin is currently traded on two cryptocurrency exchange markets HitBTC and Yobit.

 

Mining

A total of 105 million CNX tokens are reserved for mining through the Proof-of-Work (PoW) or Proof-of-Stake (PoS) types of mining. The PoW method uses a scrypt algorithm to build blocks in the network and rewards miners afterwards. PoS in its part rewards users that choose to hold the coin for longer periods of time. If you keep the wallet online at all times, it will guarantee an annual profit of 12%.

How does Cryptonex work?

Cryptonex network is an open source platform that aims at connecting blockchain services, mining pools, exchanges, cryptocurrencies, banks and mobile applications with contactless payments in one ecosystem. This system is to allow users access to their wallets to make transactions using either fiat of crypto coins. The wallet makes the current conversions between cryptocurrencies and fiat currency based on real-time exchange prices data.

First, the network accumulates the data from various peer-to-peer networks such as Localbitcoins and other exchanges. These data set the real-time conversion prices on the wallet. Using these rates the user can then deposit, withdraw, make payments and transactions through their wallets. The CNX network also combines financial flows in the blockchain to provide a secure, immutable and decentralized platform to carry out the transactions. This creates new opportunities for the Cryptonex community growth.

Buy Cryptonex (CNX) in India

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