#ngkex

 Yesterday, an important for the entire cryptocurrency market took place, that is, the Coinbase is officially listed! At the same time, the number of NGKEX registrations also increased sharply. It is unknown whether this is a coincidence, but certainly, Coinbase is actively embracing the mainstream market, and the NGKEX is being sought after by the mainstream market.

One is the world's largest centralized exchange, while the other is the leader of emerging cryptocurrency exchanges. Nevertheless, we will discuss about NGKEX with everyone.

 Why do we think that NGKEX is more worthy of attention and investment? We believe the reasons are as follows, please keep reading.

 1. NGKEX represents the direction of advanced productivity

 First, in terms of user experience, users who wish to enter NGKEX do not require KYC or AML to register. This saves users a lot of time and cost. The user interface is simple, and the operation is very easy to use;

 Secondly, in terms of liquidity, NGKEX has made innovations in the AMM mechanism, which has changed the operation model of the traditional order book model. There is no need to spend huge amounts of funds for liquidity hedging or require a market maker to strengthen the liquidity. Any user can become a market maker through pledge.

2. The data on the NGKEX chain is transparent, and users can control their own assets

 With the advancement of the financial industry and informatization, users' demands for information transparency have become increasingly prominent. With that, all business data of NGKEX is on the mainnet of the NGK blockchain, which is more open and transparent. Since it is based on its own blockchain network storage, the NGK blockchain has the characteristics of decentralization and immutability. Although Coinbase has been successfully listed, it is still relatively lagging in terms of its operating and financial data.

 In addition, the stealing of centralized exchange wallets occurs frequently, and there are many force majeure factors from the regulator, which may cause the immobilization of withdrawal at any time. This is disturbing. However, the NGKEX is stored in a decentralized manner, and all digital assets are kept by users themselves. In terms of security, there is no single point of entry or single point of failure, and asset freezing caused by force majeure factors such as supervision is also avoided. The decentralization of NGKEX provides users a double guarantee and greatly enhances the safety factor index.

 3. NGKEX can reward users with the platform’s dividend

 In the future, NGKEX will issue platform token. The AMM of NGKEX allows each participating user to obtain platform dividend through mining. The platform tokens are suitable for liquidity incentives and transaction scenarios, and more importantly, it is suitable to become a community governance token.

 The token holders in the community enjoy the management authority of the platform. They can also take on roles such as marketing and customer service personnel. This is not only conducive to driving the enthusiasm of users in participating the construction of the NGKEX platform, but also conducive to its future construction and development, as well as the value improvement in general.

DeFi is like a stone, and its rise has caused ripples on the blockchain. Today, this small ripple has already set off stormy waves, and this wave is driven by the DEX.

1. DEX is under a rapid development

The latest data shows that the total transaction volume of DEX in the most recent year reached US$355 billion. Among them, the total trading volume in the first three months of this year exceeded US$200 billion. Compare the same period data in 2019 and 2020, the DEX field shows an exponential growth trend in 2021.

The explosion of DEX stems from the continuous growth of the DeFi ecosystem, as well as the success of decentralized exchanges such as Uniswap and NGKEX. The wealth effect it brings has impacted the dominance of CEX to a certain extent, especially its uniqueness. The success of the AMM (i.e. automated market maker) mechanism and liquidity mining model proved the great value that its innovation can bring.

NGKEX abandons the traditional order book model and improves the effective utilization of funds. The difference between NGKEX and CEX is mainly reflected in the technology and governance. From a technical perspective, the NGKEX is a DAPP built on the blockchain, which implements two modules of asset management and transaction through smart contracts. From the governance perspective, the NGKEX is a community-driven, open, and decentralized organization with highly distributed rights and obligations.

2. The fleeting opportunity for wealth

At present, NGKEX is under the stage of rapid development. Although NGKEX is still in the early stage of development based on the market value of traditional CEX, the development space and value of NGKEX are immeasurable judging from the DEX field. However, the NGKEX is still relatively small in terms of the current volume. Ecological builders can participate in the liquidity investment of the project as soon as possible, and they can obtain more stable and sustainable returns than cryptocurrency investment. If you enter NGKEX early, you can obtain early advantages. So, if you had missed the mining and airdrops of BGV, SPC and VAST before, then you must not miss NGKEX again this time.

At present, in addition to supporting currency trading and OTC trading, NGKEX also supports the transactions of mainstream tokens on the NGK blockchain. Ecological builders can make early arrangements and obtain early profits. In addition, the NGKEX will also launch platform governance tokens in the future. At that time, ecological builders who have entered the NGKEX market early can obtain governance tokens.

After obtaining platform governance tokens, you will obtain:

1. Participation rights: The participation rights of users who hold governance tokens is definitely higher than ordinary users. The token holders have their own halo so that they have a better position in the community.

2. Decision rights: In determining the future development direction of the community, they will also have a higher right to speak, and they can better participate in the pre-development of the project.

3. Revenue rights: Governance tokens also have value appreciation space. The sooner you obtain the governance tokens, the more dividends you can get, and enjoy the benefits from the growing token price.

With the rapid development of the cryptocurrency market today, currency trading has clearly occupied the mainstream position. Although the current centralized exchanges have leading advantages in terms of user experience, transaction depth, etc., the security incidents caused by hacking attacks and internal personnel tampering with asset data due to centralized exchanges have frequently happened, losing trust from many users.

On the other hand, the rising DEX, with its advantages in security, transparency, and privacy, has won the trust of many users, and its simple and easy-to-operate features are also very popular among users. Many people in the industry believe that DEX will develop rapidly within a few years, or it will become the mainstream channel for cryptocurrency transactions.

Why choose NGKEX among many exchanges?

NGKEX is an emerging platform in the DEX field, with bottom technology of NGK blockchain. The project team members are all from Silicon Valley, they have more than ten years of extensive technical experience and core advantages in the field of blockchain technology.

In addition, NGKEX is the world’s first platform to support token transactions on its own public chain, which can provide digital asset gains for both off-exchange and on-exchange users.

Advantages of NGKEX compared to other DEXs

At present, although there are many decentralized trading platforms on the market, they seem unsatisfactory in terms of user experience. In addition, the disadvantages of slow transaction speeds in some decentralized trading platforms often cause users to miss the best trading opportunities. Due to the poor experience, the user trading volume is often small, and the transaction depth is not enough, which makes it difficult for DEX to expand the market scale.

However, the emergence of NGKEX seems to have changed this status quo. It allows users to experience the transaction speed close to a centralized exchange, with only low transaction fees.

First, from the perspective of trading pairs. On the premise of maintaining the high quality of the project, the NGKEX participated in cross-chain ecological cooperation. It is connected to potential blockchain projects such as BCH, EOS, XRP, formed a wider range of cross-chain transaction pairs, and improved the types and speed of currency listing.

Secondly, NGKEX realized the rapid completion of transactions by adopting the transaction model of “off-chain matching and on-chain settlement”. At the same time, it reduces gas costs through the design of smart contracts and consensus algorithms, and even the batch-on-chain model can minimize the gas consumption.

NGKEX makes more users feel at ease

First, NGKEX is based on its own blockchain structure and adopts the 21-block producer supervision mechanism, so that it can improve the security of users’ digital assets while ensuring the user experience. It avoids the infringement of users’ digital assets by malicious nodes and the shortcomings of traditional DEX.

In addition, once the NGKEX’s smart contract is deployed, it runs on the chain, which has irreversible characteristics and cannot be modified by anyone, including the NGKEX platform itself.

Therefore, from a technical perspective, neither the NGKEX platform nor the hackers can control and transfer the digital assets.

Concluding remarks

The much-anticipated Uniswap V3 is here, but the market has showed indifference. The main reason is that compared with the stunning V2 when it was released, V3 has lack surprises. Under the world of DEX, with the rise of NGKEX, Uniswap is obviously no longer the only lord. The surge of NGKEX was surprising and brought a huge wealth effect. At present, it has become a dark horse in the DEX field.

 In terms of value capture, according to NGKEX's latest data, due to its increasing trading volume, there has been a slight increase in the handling fees. This benefits the mechanism of "ecological mining", and on the other hand, today’s NGKEX has also become the value exchange center of the NGK blockchain ecology, and the low handling fee also brings more frequent transactions.

 However, NGKEX only stays in the current state, which is obviously not conducive to its future development. For better development, it is necessary to break the information island and strengthen the connection with users. Under the current competitive chains, multi-chain expansion is a good choice for NGKEX in the future.

 Throughout history, during the early stage of the blockchain development, the cross-chain problem was like a lingering ghost, always entwining the blockchain projects. Due to the creation of individual islands, users could not easily transfer digital assets across the blockchain. Although some blockchain projects have addressed to this problem, it has little significance in reality.

 Multi-chain development and island issues are both pain points and opportunities now, and they have also created new tracks. One is the revenue aggregation of multiple chains, while the other is the multi-chain expansion of DEX.

The NGKEX has a keen insight into this.

 In the next few years, NGKEX may complete the deployment of multiple blockchain such as Polkadot, OKExChain, Ethereum Layer2, and Near. It is committed to building a multi-chain full-ecological of DEX platform.

The chief technology officer of NGK stated that "multi-chain deployment is an inevitable choice for the future development of the DeFi protocol, and NGKEX decided to take the first step based on the perspective of ecological expansion."

"We can introduce other bottom technologies and smart contract technologies and provide them to developers and users in the form of side chains, so that developers can easily transplant the existing applications into the NGKEX."

 The chief technology officer of NGK believes that the NGKEX's multi-chain ecological expansion mainly focuses on Ethereum Layer 2. Currently, NGKEX is supporting three virtual machines, namely Wren, WASM, and EVM. Therefore, applications on Ethereum can be directly transplanted to the NGKEX system through simple modifications to achieve the intercommunication between multiple chains, which is more convenient for digital asset transfer .

It is understood that for multi-chain expansion, NGKEX will take the following measures:

 The first is that assets are cross-chain, breaking the isolated situation, building a cross-chain agreement, and realizing asset switching for users with only one-click.

Secondly, in addition to the mainstream AMM mechanism, the NGKEX will also increase the order book function to provide a more convenient and extensive pending order strategy.

Asset trading is the most important user behavior in the crypto world, and it has a huge market space. In addition, cross-chain, as a medium for the value transformation for local area networks to Internet, is a decisive factor for the large-scale popularization of blockchain. Besides, it also has broad prospects. A research report indicates that the global blockchain market will grow to US$29.7 billion by 2025, with a compound annual growth rate of 67.3%. Thus, the future market volume of DEX (i.e. decentralized exchange) based on cross-chain technology is huge.

The NGKEX is a cross-chain distributed trading system based on the NGK blockchain, which can realize efficient settlement on the encrypted asset chain. The transaction rules are executed on the chain and the code is completely open source. It is a true decentralized exchange.

The NGK blockchain is constructed based on anti-quantum algorithms and aims to protect user assets from the impact of quantum computer computing power. The NGK is based on a new heterogeneous cross-chain technology, allowing users to pledge assets in the mainstream blockchain networks (e.g. Ethereum) and killer applications (i.e. DAPP products such as DeFi lending, trust, etc.) of the NGKEX, thereby realizing the resistance of digital assets. In the case of quantization, the asset allocation right on the chain is obtained.

In recent years, the surge of Bitcoin, as well as the popularity of DeFi and NFT have injected new impetus into the development of the industry. The DEX will usher in an unprecedented and rapid growth. While NGKEX is a new type of heterogeneous cross-chain trading system, which has a huge room for growth.

In fact, since the emergence of Bitcoin, centralized exchanges have encountered many security problems and have been criticized. On the other hand, the decentralized exchange, which is adhering to the spiritual core of the blockchain, has suddenly emerged and attracted many attentions from users.

The basic blockchain behind NGKEX (i.e. NGK blockchain), is based on the anti-quantum algorithms to protect user assets from the impact of quantum computing power. In addition, the NGK blockchain is based on a new heterogeneous cross-chain technology, allowing users to pledge assets in the NGK’s DApp product matrix, so that digital assets can obtain on-chain asset allocation rights under the anti-quantization. These two innovations will secure a place for NGKEX in the DEX market.

In addition, as an ecological token, the NGK not only represents the value of NGKEX, but also the value carrier of the entire DeFi ecosystem including on-chain lending, liquidity mining and other sectors.

In addition to the NGK token, the exchange has set up a decentralized stablecoin USDN, which is a 1:1 anchored against the USDT. There is a complete closed loop of circulation between NGK and USDN tokens to jointly promote ecological activity and sound development.

Now that blockchain and application ecology are sweeping the world, the update and iteration cycle of products have been greatly shortened, and the market competition has become more intense. The profitability of capital has caused many businesses to abandon their mission and ignore the product quality, research and development, and the user experience, which disrupts the market order of crypto industry. Emerging from this chaotic crypto industry, the NGKEX did not forget its mission, and always insisted on serving every user well, providing users with safe and efficient services through reasonable risk control, stable innovation, and business development.

 NGKEX is the industry's leading blockchain asset service platform, providing a wide range of blockchain asset services to users around the world. It is committed to building a one-stop blockchain asset service platform. The NGKEX is based on digital asset ecological services and multi-track layout, striving to build an NGKEX ecological chain. At present, its business covers currency trading, contract trading, OTC trading, wealth management, lending, etc.

 The development of the NGKEX is based on innovation, with continuous product iteration, operation innovation, and steady advancement of the ecosystem. Looking at the breakthrough of NGKEX, it is a perfect closed loop for the delivering of products, services, and safety to the outside world with strength.

 When it comes to digital asset exchanges, "safety" and "compliance" have become the core factors for the market and users to judge whether the exchange is worth investing in. When the NGKEX was initially marketed, it had obtained a compliance license issued by the U.S. MSB. The United States is currently the most developed country in the world with the most developed financial industry and the strongest comprehensive strength. By obtaining a license issued by a professional organization in the United States, it shows the strength of NGKEX.

 Although there is no first-mover advantage, the platform strength of NGKEX should not be underestimated. According to statistics, its daily active volume has reached thousands of people within a few months after launching, and its 24-hour average trading volume has reached hundreds of millions of dollars. The NGKEX closely follows the development trend of the blockchain industry, actively deploys the DeFi ecosystem, and actively explores potential and high-quality projects. The NGKEX, which has received much attention, has lived up to the expectations of becoming the most popular digital asset trading platform.

 In terms of services, the NGKEX actively innovates to protect the interests of investors. For example, the contract trading of NGKEX adopts the most popular perpetual contracts on the market and open the same position number of contracts. It requires lower margin. In addition to the minimum maintenance margin rate of 0.5%, it is more resistance to liquidation than other platforms under the same market conditions.

Coinbase, as the world's largest token trading platform, recently announced that it will be listed on the Nasdaq through direct trading in mid-April. The listing of Coinbase indicates that cryptocurrency will enter the era of compliance development. This marks a new starting point and milestone. It is also an inevitable process for the integration of encrypted assets into the traditional capital market in the current digital economy era.

  As the listing date of Coinbase approaches, most of the platform tokens have increased. Among them, the NGK platform token of the NGKEX has led the rise in the platform token sector with an average daily increase of 2.1%.

  NGK is the native token of the NGK blockchain and the platform token of the NGKEX. It was issued in 2020 with a total issuance of 1 billion units. At the same time, NGK token is the ecological token for the NGK's future decentralized financial services and the governance token for the NGK community.

  In fact, since January this year, the price of NGK has been fluctuating and rising. In February, around the Spring Festival, the NGK project party issued an official announcement regarding the launch of NGKEX and the Starry Sky Project. Subsequently, NGK immediately launched the newcomer assistance program and the NGK Hundredfold Energy program. The launch of these two programs made NGK directly rise from about 1 US dollars in January to the current 1.7 US dollars. The current price and the initial price of NGK have been several times different.

 In addition to benefiting from the positive effects of Coinbase's listing on the platform token, the rise of NGK is also a major demonstration to the strength of NGKEX.

 Beginning at the end of last year, the NGK's strategy has changed. It is targeting at the establishment of two main lines, which are "exploiting potential currencies" and "developing the NGKEX".

  Exploring potential currencies is what the NGK project has been doing. Since its launch, the NGK project has continuously explored many ecological projects, including the previously launched liquidity mining projects and the Starry Sky project, which brought considerable benefits to users. For example, BGV, SPC, VAST tokens, etc. The NGK project considers users and drives some users to realize the freedom of wealth.

 From the perspective of the NGK project party, the NGKEX is a link connecting various projects in the NGK ecological community. In this large community, each project should grow together with users. With that, the NGK project team will focus on launching the NGKEX as another major product, and the NGK as its platform token is also the focus of the NGK project. Besides, the NGKEX has incorporated more trading pairs to boost NGK's liquidity to a greater extent. The NGK will also be listed to other exchanges such as WBF, and it will be simultaneously listed on global first-tier exchanges in the future.

NGKEX is a synthetic asset issuance protocol and contract trading platform based on the NGK blockchain. It uses the relevant cryptocurrency issued by the project as collateral, and synthesizes any cryptocurrency or stocks, bonds, gold and other chains through smart contracts and oracles. Users can build certain synthetic assets by collateralizing related coins, such as U.S. dollars, which automatically become a long position in the asset. Users can also convert minted assets into other assets through the trading platform to achieve the purpose of shorting the asset and longing other assets. The assets minted by the users are the liabilities corresponding to the system, and the proportion of each user's liabilities has been determined by mortgage. Thus, their respective profits can be calculated. This mortgage pool model does not require a counterparty. It perfectly solves the problems of liquidity and transaction depth in DEX.

 NGKEX aims to become an open financial platform integrating stablecoin, synthetic asset issuance, mortgage lending, decentralized contract exchange and multi-chain transfer medium. The stablecoin is a very important part and will become an important infrastructure in the NGK ecosystem.

 In addition, NGK, as the leading synthetic asset platform in the DeFi world, has issued the BGV tokens. Among them, the most important is USDN, the stablecoin under its platform, with a market value of hundreds of millions of dollars.

 The stablecoin created by NGK is decentralized, multi-asset mortgaged, and it supports cross-chain and real-world asset access through a transfer medium, that is, a synthetic asset USDN stablecoin generated by users through collateral. Thus, its currency value is always equivalent to 1 US dollar.

  The biggest difference between it and the previous decentralized stablecoins is that they do not need to pay stability fees or interest, rather, they are issued in the model of a synthetic asset mortgage pool.

 Therefore, the cost that users pay to generate USDN with collateral through the NGK's mortgage pool is determined by the relative increase of all synthetic assets in the entire system, rather than artificial regulations such as previous decentralized stablecoins (e.g. MakerDao's Dai).

 This cost is more market oriented. At the same time, it is equivalent to the inflation rate of stablecoins to world assets. This incidentally has the advantage that if users use NGK as a mortgage lending platform and borrow USDN stablecoins through collateral, users do not need to pay interest like traditional platforms. The only cost that users pay for borrowing is the profit or loss determined by the relative increase in synthetic assets.