Nexa (NEXA) is a proof-of-work, UTXO Layer-1 blockchain with native tokens and smart contracts. It aims to create a decentralized financial system, ensuring global capacity without high fees or transaction delays. The NEXA token serves multiple purposes, including transaction fees, staking, and access to decentralized applications. With a total supply of 21 trillion tokens, the initial circulating supply is 2.2 trillion, and the remainder is released through mining and staking rewards over time.
Nexa (NEXA) is a versatile cryptocurrency with multiple utilities within its ecosystem. Here are some key ways it is used:
Store of Value: Nexa serves as a store of value, similar to Bitcoin, and can be held as an investment or for long-term storage of wealth.
Transaction Medium: Nexa is used as a medium of exchange for peer-to-peer transactions within the Nexa blockchain, facilitating smooth and secure transactions.
Transaction Fees: Nexa is used to pay transaction fees, ensuring the network's security and incentivizing miners to validate transactions.
Staking and Rewards: Users can participate in staking to secure the network and earn rewards, contributing to the ecosystem's decentralization and vitality.
Decentralized Applications (dApps): Nexa provides access to a range of decentralized applications built on the Nexa blockchain, offering users a variety of services and functionalities.
Instant Transactions: Nexa enables instant transactions, thanks to its miner rules, which provide sufficient security for certain types of transactions. Additionally, it plans to integrate trustless transaction technology for instant transactions of any amount.
Native Tokens and NFTs: Nexa supports native tokens and Non-Fungible Tokens (NFTs), which can be used for various purposes such as digital artwork, asset ownership, tickets, in-game items, and more.
Smart Contracts: Nexa's ultra-scalable smart contract system, known as 'wise-contracts', allows for a wide range of functionalities similar to those on Ethereum Virtual Machine (EVM) chains, but without the major scaling bottlenecks.
These diverse use cases position Nexa as a robust and versatile cryptocurrency, poised to make a significant impact in the decentralized finance (DeFi) space.
To store Nexa (NEXA) tokens, you have several options:
Desktop Wallets:
- Full-Node Desktop Wallet: This wallet is designed for desktop users and supports multiple operating systems, including Windows, MacOS, and Linux. It offers a full-node experience, downloading the entire Nexa blockchain for maximum security and privacy.
- Otoplo Desktop Wallet: This wallet is compatible with Windows, MacOS, and Linux, providing a robust platform for managing Nexa coins.
Mobile Wallets:
- Otoplo Mobile Wallets: Available for both iOS and Android users, these wallets offer a seamless crypto management experience on the go.
- Wally Mobile Wallet: Currently available for Android users, this wallet provides a user-friendly interface for managing your Nexa coins.
- Chainge Finance Mobile Wallet: Available for both iOS and Android users, this wallet is integrated with Chainge Finance, offering a range of financial services.
Hardware Wallet:
- Co-branded Hardware Wallet with OneKey: This wallet stores your Nexa coins offline, providing an extra layer of security against online threats.
Online Wallets:
- Otoplo Web Wallet: This wallet is accessible on all devices and offers a secure and user-friendly platform for managing Nexa coins.
Exchanges:
- Txbit Exchange: You can store your Nexa tokens on this exchange, but be cautious as some users have reported issues with deposits not being honored.
Remember to always follow best practices for securing your wallet, such as using strong passwords, storing seed phrases safely, and regularly backing up your wallet to avoid losing access to your tokens.
To buy Nexa (NEXA) tokens, follow these steps:
Choose an Exchange: Select a reliable cryptocurrency exchange that supports Nexa, such as CoinEx, MEXC, or BitMart. Research the exchange's fees, security features, and supported currencies to ensure it meets your needs.
Create an Account: Register a free account on the chosen exchange by providing necessary personal information, including your name and email address. You may need to complete Know-Your-Customer (KYC) verification to increase withdrawal limits and unlock additional features.
Fund Your Account: Deposit funds into your exchange account using methods such as bank transfers, credit or debit cards, or peer-to-peer trading. Some exchanges may not support all methods, so check the available options.
Place a Buy Order: Navigate to the exchange's trading platform, select Nexa (NEXA) as the cryptocurrency you want to buy, and choose your preferred order type (e.g., market order). Enter the amount you want to purchase and confirm the transaction.
Store Your Nexa: Once you've purchased Nexa, you can store it in your exchange account or transfer it to a personal cryptocurrency wallet for added security and control.
Monitor Your Investment: Keep track of your Nexa investment's performance and adjust your strategy as needed.
Remember to always do your research, compare exchanges, and be cautious when investing in cryptocurrencies due to their volatile nature.
