Review on Cryptonex by francis fernandez
Cryptonex: a chain of blocks that creates a comprehensive payment system
Cryptonex is a payment platform that works under blockchain technology that operates in a decentralized and secure way to allow the exchange of cryptocurrencies and fiat money between users connected to its network.
The platform has its native currency CNX to operate transactions on the network. This has a maximum issuance amount of 210 million CNX.
What technology does Cryptonex use?
The cryptocurrency mining process uses POS (Proof of Stake) technology using the encryption protocol to generate blocks and reward miners.
Rewards:
Cryptonex offers rewards to:
Registered users who buy CNX and keep their deposit for 1 year will get 1% of the deposited amount and 11% per year for cloud mining under POS consensus.
What utilities does Cryptonex offer?
* The platform manages to integrate financial transactions, mining, crypto assets, banking entities and mobile applications to create a global payment system.
* It manages to connect exchanges of digital currencies with FIAT money through conversions of exchange rates to real value.
* The platform consolidates the data of several exchanges that operate peer to peer to determine real rates in the portfolios and these are used by the user to carry out the transactions of: deposit, withdrawal and payments on the network.
How is the CNX digital asset acquired?
The cryptocurrency can be obtained by purchase using digital currencies such as ETH, BTC or by using FIAT money. For this, the user must open a wallet in some of the operating systems: Windows, Linux and MacOS; subsequently you register your wallet in the CNX network and finally buy the CNX tokens so that they are automatically transferred to your wallet.
Pros
- Allows the interaction of electronic commerce users to exchange digital currencies and FIAT money.
- Allows registered fund holders to earn income by mining in the cloud and keeping their deposit.
- Facilitates the exchange of cryptocurrencies to FIAT currencies
Cons
- There are no disadvantages in its use.
