[Announcement] NTY Token Swap to new ecosystem EzDeFi

Nexty.io
NextyPlatform
Published in
3 min readSep 9, 2020

Dear Nexty Investors,

On behalf of the Nexty team that is still continuing to develop the project, I, Thanh Dao, CTO would like to thank the Nexty investors who have been with the project for the last 3 years. We have gone through many difficulties, but with my dedication to the Nexty project, I and the rest of the team will always accompany the project all-in.

In the process of working with the Nexty’s team from the beginning of the project until now, the project has experienced many unfortunate events, namely the escape of the CEO of Idax Exchange, the ineffective operation of exchanges such as Coinis, Cointiger … as well as some of the original members who left the project and brought with them a large number of NTY tokens. If maintained as current, NTY’s tokenomics will be negatively affected.
In addition, we have focused on developing a new R2POS consensus algorithm, to be more optimized for tokenomics, helping NTY to become the main token to stake in Nexty’s consensus.

With the consent of the investment group that has invested in the EzDeFi project, we will tokenize EzDeFi and create a new blockchain, EzDeFi chain from the technical achievements of Nexty. I realize that EzDeFi has an obligation to maintain the benefits of Nexty investors. Therefore, we will proceed to receive NTY tokens in exchange for ZD tokens in the private sale. Reception process will be determined from the NTY block number 38,666,666. The time to swap NTY tokens to ZD tokens will be completed within 2 months. Investors will have 2 options (can choose both according to the registration rate):

1. Get ZD tokens without being locked and according to the exchange price below
2. Receive ZD tokens, but will be locked for 1 year and distribute evenly in the next 4 years, with a conversion rate of 3 times according to Option 1.

We will conduct IEO/IDO on some fundraising platforms with cross-chain bridge features of ZD with the ZD chain and Ethereum chain.

Initial price when IEO/IDO will be $500 USD/ZD

The current conversion price of NTY: 0.000015 USD/NTY

The total amount of ZD issuance: 30,000 tokens. Token distribution details will be shown in the whitepaper https://github.com/ezDeFi/technical-paper/blob/master/whitepaper-v1.0.pdf and pitch deck https://github.com/ezDeFi/technical-paper/blob/master/ezDeFi-pitchdeck.pdf

We reserve a token amount of about 10%-30% of ZD’s total supply for this conversion. After Nov, 1st, 2020, all unasigned ZD will be burned.

Since this is equivalent to a private sale, we still need to require KYC information from investors. Thus, NTY investors will need to register to participate in the form below

https://forms.gle/hSGtm8buMPAQmSg5A

Below is a summary of the EzDeFi project that we have worked on over the years:

We are passionate about providing borderless payment methods using blockchain technology.
In 2019, we identified the market size of borderless payment forecasted $ 8,266 billion in 2024 (Statista, 2020); EzDeFi ecosystem was therefore developed with the target to capture 60% of those market shares. Recently, EzDeFi acquired the Nexty blockchain platform, which was used to reach 60 million dollars in capital market in 2018.
The EzDeFi ecosystem currently has a Public Blockchain, a Payment Gateway, an e-Wallet, E-commerce sites, web browsers extensions. Our EzDeFi Payment Gateway has supported 7 major Ecommerce systems: WHMCS, WooCommerce, OpenCart, etc. The most well-known browsers that are supported by our plugins and extensions include Chrome, Microsoft Edge, Coc-Coc, Brave.
EzDeFi products were proven to help organizations and shoppers reduce 98% transaction fee compared to other payment gateways. We are proud to have worked with 523 clients so far, all of whom were attracted by our gateway at the very early stages when our product was in its beta version. This impressive result encourages our team to push so hard; we set some short-term targets, that in 2020, we will attract 20 thousand merchants, 300 thousand in 2021, and three million in 2025.
In addition, EzDeFi is ambitious, wants to integrate with central bank digital currencies (CBDC) to support all available digital currencies from different countries.

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