Role of the Nexxus Digital Token
The Nexxus Digital Token was developed in the early stages of product development of the Nexxus ecosystem in 2016 by Nexxus Rewards. It was designed from the beginning to be the internal currency for value exchange within Nexxus Rewards. Some Nexxus tokens were distributed for product development funding in part to private angel investors and other contributors with the early vision to see the potential of the Nexxus mission and business strategy. The Nexxus digital token currently has a privately established value of $0.20 USD.
Internal Currency: The Nexxus internal reward points used for the cash back rewards are a digital token called the Nexxus Token. It is the internal currency of Nexxus Rewards.
Technical Specifications: The Nexxus Token is an Ethereum-based ERC20 compliant token with a total supply of 375M that includes an incremental healthy inflation factor. Nexxus Token holders receive ½ percent interest on their minimum monthly balance as an incentive to hold their coins. As the utilization of Nexxus Rewards and the Nexxus token increases, the inflation rate will have a corresponding declining track.
Learn more about the Nexxus Coin specifications, block-chain explorer, downloadable wallets and public GitHub source code repository at www.NexxusCoin.com.
Automatic Buyer Demand: The Nexxus Coin digital token has built in buyer demand as the internal currency of Nexxus Rewards. Every purchase in any currency drives buyer demand and the value of the Nexxus Coin digital token. Regardless of the currency used for the purchase, the cash back reward percentage offered by the merchant is automatically purchased from the market in Nexxus Coins.
For example, if a merchant offers a 10% cash-back reward and the shopper spends $100, Nexxus Rewards takes $10 from the merchant and buys $10 worth of Nexxus Tokens from the public exchanges. Potentially tens and hundreds of millions of dollars daily rewarded in Nexxus Reward points creates tremendous utility buyer demand to drive up the price of the Nexxus Token.
Distinctive Advantage: Many traditional loyalty programs are available today without blockchain technology. The Nexxus Rewards blockchain solution has a distinct advantage over traditional exclusive static loyalty points with SHARED and DYNAMIC Reward Points backed-by Nexxus tokens from the public market for international expansion capitalization.
Token Utility: Similar to the Ether coin used by Ethereum, the Nexxus Coin digital token has utility as the internal currency of Nexxus Rewards and can increase in value as usage of the Nexxus Rewards solution grows worldwide. Ethereum provides computing services for a market of programmers, while Nexxus provides commerce services for a much larger market of shoppers.
Token Utility Application: Merchants redeem Nexxus tokens for their goods and services. Nexxus tokens are issued to shoppers for their loyalty to Nexxus merchants based on a percentage of the sale as determined by the merchant.
