8.8 million computing power has been sold. The NGKEX has been launched, and NGK has continued to rise since March!

NGK.IO
3 min readApr 3, 2021

At the beginning of March 2021, the NGKEX was officially launched. The timing is perfect. The Bitcoin, Ethereum, NGK and other cryptocurrencies have experienced a harvest year, but their value has fluctuated significantly this year, partly because people are worried about the regulatory blows.

NGKEX

The fluctuations have caused some regulators to be cautious about cryptocurrencies, while the R&D team of NGK are also considering the permissibility of this value method. They have different judgments on cryptocurrency, and how cryptocurrency and related rules are consistent with regulatory principles. However, the scope of disputes between developers has been minimizing. Some developers compare cryptocurrency transactions to the transfer of rights, which is permitted under supervision. The NGKEX is a financial derivative of cryptocurrency, and the launch of NGKEX means the soundness of the Bitcoin ecosystem. Although the main goal of Bitcoin is to become a reliable money, before it becomes “money”, a complete ecosystem must be built, such as convenient wallets, exchanges that provide transactions, and merchants that accept Bitcoin payments. In such an ecosystem, contract trading can be regarded as a new investment method for Bitcoin investors and another way of using money, and it is also part of the entire ecosystem of the NGKEX.

NGKEX

The NGKEX’s listing of Bitcoin contracts is largely based on user needs, which also means that Bitcoin holders and transaction volume have been increasing recently. With that, the NGKEX can collect fees through Bitcoin contracts, and on the other hand, it can also attract more ecological construction participants, especially Bitcoin holders. The contract trading of the NGKEX uses an advanced trading method. It will strictly review the currency before launching. The launch of the Bitcoin contract means that there are many commonalities between Bitcoin and other contract trading currencies. For example, the decentralization of currency holding addresses, excellent currency types and consensus, etc. This is also a recognition of Bitcoin as a mainstream currency by NGKEX.

In addition, NGK’s entire network has sold 8.8 million of computing power, accounting for 44% of the total. The NGK computing power automatically generates native tokens every day, and the NGK computing power is not locked. It can be traded anytime 24 hours a day. In addition to the NGKEX, participating directly in the NGK computing power is also a good choice. The NGK blockchain adds an incentive mechanism for NGK computing and mining. Unlike the BTC blockchain, NGK does not require the purchase of physical mining machines, and it does not occupy a large amount of electrical resources. It is issued through cloud computing.

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