#New #Economy #Ledger(NEL)
is a community-based ecosystem of investors supporting microfinance institutions through blockchain technology.

Sameera D Kumara
4 min readSep 9, 2018

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Nel is a project that represents a common ecosystem of investors, support of microfinance organizations using blocking technology. Anyone who wants to participate in the NEL ecosystem can easily get loans, risk-free and with a motivating interest rate. Credits will be made in a stable currency, tied to the dollar, both by creditors and borrowers against the volatility of the market, which characterizes common crypto-currencies. That is, this project wants to help start-up start-ups get loans for the development of their ideas and business plans. Nel will use the block system. Blocking provides transparency and integrity of all information. All information is transmitted accurately, correctly, with complete certainty. This is the reason why the use of blockage will significantly improve the financial sector, where information is still very difficult to obtain. The possibility of application is very extensive in the microfinance sector. A large number of players are ready to show that they respect their obligations to society, not being able to prove it. Block is ideal for meeting such needs. Transparency, the proposed block, will restore confidence in the microfinance sector. It also allows you to check where and kk each transaction takes place by looking through it in real time, which excludes the possibility of fraud.

An innovative concept based on the reputation of NEM uses PoI to check transactions on its network, which means that, unlike other cryptocurrencies, the use of the network is rewarded. Each user is assigned a score of “importance” for various parameters, including the number of transactions conducted on the network. Their ecosystem facilitates transactions, as well as the use of the network, and we will constantly develop in this direction. Moreover, through PoI, NEM takes care of the environment, since thousands of machine data mining operations are not required to maintain the network. Also, there will be a high level of security. NEM is the only block that uses EigenTrust ++ for site reputation. This increase greatly in the security of the network. To connect to the wallet, the user does not need a complete node and a copy of the block. He just needs to connect to any trusted node to gain access to all actions. It also uses a built-in spam filter that prevents the network from hanging up in a thread of transactions that automatically provides the volume until other transactions are completed. These two characteristics are only available on Nem. To ensure the correct operation of the nodes, the developers have developed a superset of programs that will further motivate people to maintain the network for the next few years. These supernodes reward people for maintaining high-power nodes. These awards were realized during the first block on the NEM network. They must last for years. In the event that the supernodes are exhausted, there is always a motivation to maintain the network.

NEL mobile wallet is the easiest way to start using NEL. The wallet supports both NEL and XEM, allowing users to switch between the two different currencies effortlessly. You can begin being part of the NEL ecosystem now and use the wallet from anywhere in the world to send, receive or store NEL and XEM, easily.

Nem is very easy to use. Whether you create an account, send or receive funds, everything was designed to make it simple for use by the general public.

Already now you can download Nel mobile wallet on your smartphone and test it yourself.

Download link -- https://play.google.com/store/apps/details?id=network.nelwallet.myapp

Token info

Token symbol NEL
Platform NEM
Category FINANCE

Tokens Supply 145, 000, 000
Tokens for sale 100, 000, 000
Accepting NEM

Soft cap 1, 500, 000 USD
Hard cap 15, 000, 000 USD

Price 1 NEL = 1 XEM
Private Sale SOLD OUT

BONUS 30% 15 SEP — 04 OCT
BONUS 20% 05 OCT — 22 OCT

NEL TEAM

For more information about the investment projects please visit:

Website: https://nel.network/
Whitepaper: https://nel.network/resources/pdf/NEL-whitepaper.pdf
Telegram: https://t.me/nelnetwork
Twitter: https://twitter.com/Nel_Network

Get more info Watch the video -- https://youtu.be/JXL9hecFv6E

Author: Sameera D Kumara

Forum Username: @Crypto Batta (LK)
Forum Profile link: https://bitcointalk.org/index.php?action=profile;u=2225344
wallet address: NBAMXDLXVQYWKVYEJ6ANG2EDQACBDZHEMG5UIVVD

Thank You !

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