What is Cryptonex (CNX)?

Sep 28, 2018 at 1:44

Cryptonex: Exchanging Fiat Money To Other Cryptocurrencies
Cryptonex was created in 2017 on its own blockchain platform as a global, peer-to-peer cryptocurrency.

Its main goal is to “exchange any world’s currencies for any cryptocurrencies and tokens, buy goods and services using mobile phones and payment cards. Instantly, with minimum commission.”

Simply put, anyone can use Cryptonex’s platform to trade fiat currencies with other cryptocurrencies for a minimal fee.

It also opens an opportunity for people to use it to buy goods and products using digital currency and payment cards

Cryptonex can process a maximum of 15,000 transactions per second and utilizes the Scrypt mining calculation, similar to Litecoin.

This means it is truly decentralized, or without having influence from Bitcoin. The algorithm also makes the platform scalable and secure.

Its native token, CNX, is to guarantee transactions between users. The token is focused on being a currency, making it spendable and allowing returns while keeping it in your wallet.

The use of CNX is still limited while it value is pegged on the success of the project.

Where to buy?

Apart from the Cryptonex platform, you can also buy CNX on the exchanges HitBTC and Yobit.

Is it mineable?

CNX is planned to have a total supply of 210 million tokens with 55.69 million in circulation. It uses a proof of stake (PoS) consensus to reward wallet holders for running their systems and verifying transactions. Mining can be done through third-party mining pools.