What is NewYork Exchange?
The NewYork Exchange is a blockchain-based open-source platform that uses smart contracts and secure payment systems to enable transparent investments. The platform's goal is to achieve financial integration between traditional stock exchanges and commodities and new cryptocurrency trading platforms. As a result, it offers investors various opportunities in these areas.
Many businesses and individuals depend on financial institutions (intermediaries) to process their electronic payments. However, this trust-based model has various challenges. It vests power in central authorities, such as banks. On many occasions, it has been proven that this power may be abused by these institutions through bad policies and malicious acts. Additionally, such institutions provide a good target for bad actors, such as cybercriminals, who may steal users' funds or data.
NewYork Exchange uses its native token, NYE, to solve the problems mentioned above. The token aims to be the leading digital asset globally. You can view the current NYE price on the live chart above.
NYE solves these challenges in various ways. First, it enables decentralization. It uses cryptocurrency and blockchain technology to distribute power among users instead of concentrating it on a single institution. This approach enables transparency and fairness. Furthermore, the NewYork Exchange coin secures transactions with cryptographic proof. Such transactions are fraud-proof.
The following are some of the key features that the NewYork Exchange offers:
- Private blockchain. The decentralized network enables safe and seamless trading, where businesses and individuals never worry about their data.
- Lending platform. The blockchain-based platform offers online lending services to individuals and businesses.
- Mobile application. The secure and multi-purpose application aims to bring various advantages to the community.
The NYE platform leverages blockchain features to enable transparent transactions, as well as manage contracts and prices. The protocol uses objective metrics analysis and multivariable assessment to manage potential risks. These tools protect assets, initial token offering (ITO) participants, and digital asset holders.
Use Cases of NYE Tokens
NewYork Exchange crypto asset is the fuel that powers the NewYork Exchange ecosystem. The token has multiple use cases, including facilitating transactions on the platform. Additionally, users must have at least 1000 NYE to obtain master node hosting. The NewYork Exchange token is listed on some exchanges, where users can buy it. The NewYork Exchange price may vary depending on various market factors.
Who Founded NewYork Exchange?
NewYork Exchange Network is backed by four experienced members – Nathan Yorkers, Joshua Tidwell, Becca Harvey, and Christopher Kolb.
Nathan Yorkers, the project development coordinator, is an outstanding entrepreneur and project manager with technical skills and creativity. He currently focuses on the blockchain industry.
Joshua Tidwell is the technical manager of the NewYork Exchange. He is an experienced blockchain and crypto analyst and an ICO and STO advisor.
Another member of the team is Becca Harvey, an experienced business development manager. Harvey has worked in the information technology and service industries.
Lastly, Christopher Kolb is the company's chief operating officer.
Tokenomics of NYE
The NewYork Exchange token has a maximum supply of 600 million NYE. The fixed supply ensures that no extra tokens are minted above the originally designed maximum supply. The mechanism helps prevent undesirable inflation that might affect the NYE price.
