Apr 8, 2021
NGKEX’s full ecological layout supported by NGK technology
Due to the realization of multi-chain interoperability, the NGKEX can achieve cross-chain aggregation transactions. By integrating the liquidity and pricing of DEX service providers on several blockchain projects, choosing the best price and transaction path, it solves the losses caused by the traditional AMM mechanism, slippage, and other issues. At the same time, relying on cross-chain technology, the NGKEX can complete the transaction by splitting orders and connecting multiple platforms, thereby avoiding the problem of insufficient liquidity of a single DEX platform and unable to meet the needs of traders. It breaks the ecological barrier between major blockchain.
In-depth ecology: the NGKEX’s full ecological layout supported by Layer 2 technology. Similar to the development of traditional markets and CEX, as the spot DEX continues to mature, derivatives trading also rises. At present, the total locked-up volume of derivatives in the past three months has reached US$310 million, and they have stepped out of the initial development stage. Derivatives may become the next watershed in the DEX field.
In this regard, the NGKEX has long established a layout. It adopts an exchange protocol based on the Zk Rollup technology. Through Zk-Rollup, all ERC20 tokens are transferred to Layer2, so that all exchanges can take place on Layer2, which not only meet the requirements of instant exchange, but also reduce the gas fees, laying a solid foundation to carry high-frequency and high-value derivatives transactions.
At the same time, NGKEX has built a completely decentralized, secure, and highly customizable Layer-2 DeFi protocol, You Derivatives, to support decentralized perpetual contracts, decentralized options and other derivative services, which will be introduced in the future. Numerous product systems such as NFT, lending, stablecoins, and project one-stop launches to meet the diverse needs of investors. Compared with early trading platforms such as UniSwap and SushiSwap, the NGKEX has a broader room for imagination.
In addition, the NGK also has a detailed ecology: multiple mining and exquisite token economic model. For blockchain projects, a set of excellent economic models can play a huge role in promoting the development prospects and vitality of the project ecology. A project that can stand on the front of the track will have a unique economic system.
The total initial issuance of NGK tokens is 1 billion units, and the distribution will be completed within 4 years. Most of which will be distributed to the community. The initial issuance price is US$0.0215.
In contrast, the SPC economic model is more delicate. The total issuance of SPC is 100 million units. Among them, 96% are produced by mining, and released once a week, with 2 million units each time (based on the total network power to be released to each computing power holder on average). The issuance will be completed within 48 weeks, and 4 % for airdrop. The NGK’s mining program includes four types: LP (i.e. liquidity mining), single currency staking mining, transaction mining, and invitation mining, which greatly enriches the channels for users to participate in the NGK ecosystem.
