Disclaimer: As of March 5, 2024, this report reflects the information available for NXT at the time of writing. The cryptocurrency market is dynamic, and the data presented here may change over time.

1. Project Introduction and Brief Summary:

NXT is not a traditional cryptocurrency in the sense of being a new and independent blockchain project. It is a token built on the Ethereum blockchain, launched in 2013 by the NXT Foundation, a non-profit organization established by members of the Bitcoin community. While NXT utilizes the Ethereum blockchain for its transactions, it offers unique features not found on the Ethereum network, such as Asset Exchange and Monetary System.

2. Project Release Date & Token Release Date:

• Project Release Date: April 18, 2013
• Token Release Date: April 18, 2013

3. Market Capitalization:

• $13,144,966 (as of March 5, 2024)

4. Current Price:

• $0.022 (as of March 5, 2024)

5. Exchanges where the cryptocurrency is currently listed:

• Binance
• Huobi Global
• Gate.io
• HitBTC
• Cryptopia (limited functionality)

6. Competitors:

• BNB (Binance Coin): $324.70 billion
• CHZ (Chiliz): $3.31 billion
• TRON (TRX): $6.54 billion

7. Use Cases:

• Payment System: NXT can be used for online and offline payments.
• Asset Exchange: NXT allows users to create and trade their own custom assets on the blockchain.
• Voting: NXT can be used for voting in polls and other decision-making processes within applications built on the NXT platform.

8. Technology:

• NXT utilizes the Proof-of-Stake (PoS) consensus mechanism, which is considered more energy-efficient than Proof-of-Work (PoW) used by Bitcoin.

9. Smart Contracts and Audits:

• NXT leverages smart contracts for various functionalities within its ecosystem. However, no official audit report is publicly available for the NXT smart contracts.

10. Investors or Partners involved (within the last 90 days):

• No recent news regarding new investors or partners for NXT was found within the last 90 days.

11. Amount of money raised during the presale stage/ICO/seed rounds:

• NXT did not conduct an ICO or presale. All tokens were distributed during the initial launch in 2013.

12. Token Distribution:

• 100% of the total supply (1 billion NXT) was created during launch and distributed through an open allocation process.

13. Token Economics and Use Cases:

• NXT is the primary token used within the NXT ecosystem. It is required for:
  • Transaction fees on the NXT platform
  • Creating and trading custom assets
  • Voting on proposals and other governance activities

14. Roadmap:

• The NXT Foundation does not maintain a publicly available roadmap outlining future development plans.

15. Team Members List and Brief Description:

• NXT is primarily developed by a community-driven development team. Due to the project’s decentralized nature, specific team member information is not readily available.

16. References:

• NXT Website: https://nxtfoundation.io/
• NXT Whitepaper: https://nxtdocs.jelurida.com/Nxt_Whitepaper

Additional Notes:

• The NXT project has seen a decline in activity and development in recent years. While the token remains tradable on several exchanges, it is essential to consider the project’s limited development and community activity when making any investment decisions.