NGKEX is officially launched. What are the rights and interests for users?

NGK.IO
3 min readMar 11, 2021

In recent years, the token market has undergone earth-shaking changes with the continuous expansion of the blockchain market. The price and market value of tokens, led by Bitcoin, have skyrocketed. At the same time, they have been recognized by many institutions and ecological builders and are widely welcomed by capital markets around the world. As the carrier of its operation, the token ecological exchange has emerged and is widely used worldwide. However, the current ecological exchanges are still at an early stage, and most of them are based on the POW or POS consensus mechanism. There are many drawbacks criticized by users. Therefore, there is an urgent need for an ecosystem to solve the problems faced by the current token ecosystem.

NGKEX

On March 5, California time, the NGKEX was officially launched (domain name: WWW.NGKEX.IO). It aims to change the shortcomings of the current ecological exchange, improve its structure, and broaden its market.

The NGKEX is based on the underlying mechanism of DEX, combined with the underlying technical architecture of the NGK blockchain, and at the same time, it adheres to the DPOSS consensus mechanism, providing users with a comprehensive blockchain ecological trading system centered on the blockchain. So, what are the rights for users through NGKEX?

1. Token trading rights

Currently, the NGKEX provides large-scale NGK crypto trading services such as NGK, BGV, SPC, USDN, and VAST for all NGK ecological builders, which they can perform transactions for NGK/USDN, BGV/USDN, SPC/USDN and VAST/USDN. In the future, NGKEX will also support the transaction of various sidechain tokens on the NGK blockchain, as well as over-the-counter trading, contract trading, mainstream token trading, and leveraged trading.

In addition, it is worth mentioning that NGKEX will accept credit card soon. Even if the amount of funds for the NGK ecological builders is relatively small, they can still use a credit card to conduct crypto trading through NGKEX.

NGKEX

2. Rights and interests of trading service

NGKEX adheres to the DPOSS consensus mechanism and incorporates graphene technology and InterPlanetary File System (IPFS), which can reduce energy consumption, reduce gas costs, lower user entry barriers, and save users’ transaction costs. At the same time, it can support large-scale transactions, less network stalls, and ensure the smooth operation of the platform.

In other words, all NGK ecological builders can enjoy the high-frequency transaction speed, low transaction fees and low entry barriers brought by NGKEX.

3. Fund security rights

NGK always puts the interests of ecological builders in the first place. It is committed to providing a safe, fair, open, and efficient blockchain digital transaction environment. The NGKEX insists to make decentralization as its core and adopts an integration of public and private keys. It has obtained a distribution protocol to ensure the security of the digital assets for the ecological builders.

At present, the NGKEX has been launched, with core memory matching technology of 12038 units/sec, which also makes it one of the fastest cryptocurrency trading platforms in the world. In the future, with the continuous improvement of NGKEX’s technology, its application scope will be further expanded, and more ecological builders will enjoy the value dividend brought by NGKEX ecology.

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