Cryptonex is a decentralized open-source platform operating on its blockchain. The network aims to offer the opportunity to exchange currencies trade goods and services via mobile phone and payment cards. The platform charges a minimum commission. More simply, the platform aims to create an easy entrance for users to the crypto world.
The platform allows for instant conversion, thereby avoiding a long-time expectation, and the users have a guarantee of carrying out a transaction. The forum’s application shows the asset’s price in traditional and cryptocurrency.
The ecosystem uses an encryption script algorithm that safeguards all the transactions and wallets from external hacking. This restricts the essential files in the web wallet from being found by malicious people or programs. Access to the wallet could be encrypted, and a password is strongly recommended.
The network gathers traffic from local bitcoins, cryptocurrency exchanges, and traditional exchangers. The platform helps in deposit/withdrawal and exchange procedures and integrates financial flows in blockchain, offering new opportunities for blockchain community growth.
The platform uses cloud Proof-of-Stakemining, supported by Bitcoin mining. Users can earn up to 12.11 percent annually for participating in the process. The protocol deposits a 1 percent amount in the liquidity pools, and the miners can start earning from the first day of joining.
CNX is the ecosystem’s native digital token. The platform offers rewards in its native tokens to attract active network users to participate in PR campaigns and project development. There is a unique referral program for active users, wherein sending a referral link to a friend and getting 20 percent every time the person gets tokens. Users also get rewarded for meaningful and valuable posts in forums and social nets.
In addition, the forum runs a bug bounty program where participants are encouraged to discover possible vulnerabilities of the platform, for which a reward is given for every revealed shortcoming.
