Listing on dual blockchains
Dual listing of the Newbium cryptocurrency on more than one blockchain is revolutionary. It allows us to maintain the ethos of crypto while keeping with the spirit of decentralization.
By listing on separate blockchains we are able to utilize services and features from each individual blockchain. Newbium plans to list on the NXT and Ethereum blockchains. 49% of the Newbium token base will exist on the Ethereum blockchain and 51% will exist on the Nxt blockchain. Both blockchains together will represent 100% of Newbium. Two blockchains one entity this has never been done before.
This path allowed us to take advantage of two revolutionary blockchains each showing strong potential for the future. Both blockchains allow very easy governance of each portion, by utilizing token based voting. Blockchain voting is an emerging decentralized governance mechanism. Both blockchains also support decentralized trading of tokens. This removes the need for us to even add Newbium tokens to centralized exchanges like Poloniex. Smart contracts will be applied much more in the coming period ahead, so we are very much interested in utilizing the smart contracts potential of Ethereum. On the Nxt blockchain, the upcoming 2.0 upgrade will allow sidechains. Sidechains are another interesting development that will definitely add to our blockchain abilities.
Dual listing will demand that we balance the interests of our two sub-communities. We feel that this demand is manageable. By keeping the interest of both communities aligned and focus on Newbiums mission. By working towards this mission we shall keep our sub-communities focused and united. The mission of Newbium is to provide tools for humanity’s great blockchain migration.
