Why Experts Choose NYE?

It utilizes the blockchain technology to create a financial integration between old classic stock and commodities market with the new trend of Crypto Trading platforms.

  • Transaction Transparency: Records and manages price, contracts, and transaction history.
  • Re-evaluation of Corporate Values: In order to safeguard ITO participants, our crypto holders and their assets, NYE controls potential risks by depending on objective metrics analysis and multi-variable assessment. With this, investors put their trust in organizations and contribute with them.
  • Secure Transactions: To save our holders from the risk of duplicate sales, NYE actualizes the division of benefit and contract highlights of cryptocurrencies.

ABOUT NYE COIN

The New York Exchange Coin is dedicated to use the smart contract feature of the Blockchain technology to raise and enhance investors to see the opportunities present in the stock market and commodities.

NYE uses smart contracts and highest technological secure payment integration to facilitate transparent investments and perform all transactions efficiently through distributed processing.

Features

Our Features

Using a Private Blockchain allows corporates and individuals to assume there is no unwanted users access; therefore, many security requirements are no longer necessary.

Private Blockchain

Blockchain application has opened a new era in many fields from healthcare, finance to cryptocurrency and will bring real benefits to the community.

Mobile Application

NYE Coin innovative Lending Platform will be a leading trade concept representing a diverse group of online lending, serving small and big businesses.

Lending Platform

Wallet Features

  • SAFE: once payments have been made there is no need to worry about chargebacks.
  • QUICK TRANSACTIONS: it's extremely fast, you can send money to anyone in the world in less than two minutes
  • PRIVATE: privacy is at the heart of New York Exchange Coin. With the ability to have your private wallet on Wallet Chat combined with anonymous transactions, New York Exchange Coin has broken new boundaries in the world of blockchain technology. The highest levels of Ring of Trust cryptography and technology give users of New York Exchange Coin coins a level of privacy and security they can rely on.
  • STEALTH TRANSACTIONS: New York Exchange Coin offers you the possibility to send your encrypted transactions on a protected network or through our normal blockchain that offers greater anonymity and security with New York Exchange Coin.
  • LOW COSTS: reduced processing and security costs. Increased growth and scalability.

COIN SPECS

To best support the application of New York Exchange Coin, we've decided to set up the financial specs as below.

  • Total Supply

    600,000,000

  • Block

    Block Time: 1 Minutes

  • Coin Name

    New York Exchange Coin

  • Block Reward

    2 masternode per (10%) =0.2

  • Type

    POS per (10%)=0.1P2P

  • PREMINE

    360,000,000

  • Algorithm

    X13

  • Transaction Confirm

    3 Block

  • Address Letter

    N

Roadmap

Our team working so hard to create one the most advanced digital asset, ever created in the history of cryptocurrency, here is our road map:

Q3 2018
Corporation Legislation & Formation.
  • Final Stage Planing & Development Study
Q4 2018
Launch of Development Plan Phase 1.
  • R&D Team Phase 1-Kick Off Plan.
  • Website - Beta Version
  • PR Campaigns in US & Canada.
Q1 2019
Pre ICO Initiation Plan
  • Website - Alpha Version
  • Wallet Release
  • Application Release - Beta Version
  • R&D Phase 2 Task Force
  • Road Show & PR Campaigns in East Asia
Q2 2019
Pre ICO Closing Announcement
  • First Public Report on Pre ICO Results
  • Application Release - Alpha Version
  • Road Show & PR Campaigns in Asia Pacific Region.
  • Private Sale Initiation Plan
  • First Exchange Listing
Q3 2019
Second & Third Exchange Listing
  • First Year Anniversary Event
  • Commercial Development in Middle East & Africa.
  • Desktop Application Launch
Q4 2019
Commercial Development in Middle East & Africa.
  • Blockchain Stock Market Integration Phase 1.
Q1 2020
Merchant Portal Adoption.
  • Public Seminar - Europe
  • Blockchain Stock Market Integration Phase 2.

Frequently asked questions

Below we've provided a bit of NYE Coin and cryptocurrency industry. If you have any other questions, please get in touch using the contact form below.

Cryptocurrencies acts as a Digital Assets that function as a medium of exchange. Whatever transactions involved using cryptocurrencies are secured by Cryptography.

It is essentially a practice of data encryption in a manner that is kept secret from third-parties. It is mostly used to prevent sensitive data from being compromised.

The most popular Cryptocurrencies are Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash and many more. Cryptocurrencies have several applications or platforms - You can buy goods & services, it brings hottest investment opportunities of the past 4 years, you can mine many of them them, send/receive as payment mode and much more.

The concept of Bitcoin was a genius thought, introduced by Satoshi Nakamoto. If we talk about the process, Bitcoins are the end product of decentralized & aggressive procedure known as ‘Mining’. The coins are discovered and not printed like money.

With the help of optimized hardware, A ‘Block’ is mined towards solving a complex mathematical algorithm (the process is called hashing), whosoever cracks the right hash, is rewarded with a Block reward (a set number of a crypto plus transaction fees). The cryptos included in the block reward are all new coins. The whole point of mining cryptocurrency is to earn them!

There are like several platforms available, where you can explore the recent cryptocurrency prices. But some of the most famous platforms are: CryptoCompare, CoinGecko, CoinMarketCap, Coincodex, CoinCheckup etc.

In order to process buying and selling of Cryptocurrencies which are base on Proof of Work, a user has to broadcast his/her transaction on the whole network (that must be recorded in a Blockchain). The process of successful recording a transaction is known as Cryptocurrency Mining.

Like generation of Bitcoins, Cryptocurrency Mining includes two steps: Adding transactions to Blockchains (for securing & verifying) and releasing a new currency. The basic elements a user needs, to step into mining is PC (specialized or consumer hardware), and combination of graphic cards and CPU.

Faucets can be simply referred as an online platform which functions as a cryptocurrency reward system for users. In return, users have to complete some tasks or captcha or by affiliate, described as on the website or app, as an example, to claim fraction of Bitcoins as rewards! Simply perform a task, enter your wallet credentials and earn some coins.

The purpose of Faucets is to provide a platform to individuals who are willing to learn about Cryptocurrency and give them an opportunity to earn coins without the risks associated with investing.

Proof of Work (PoW) as the name states is the validation of the work that happened and proving it is correct. Bitcoin and many alt coins follow this way of consensus to make sure the authenticity of the chain is good. To understand how it works in simple terms, assume that you are in a math exam along with other students in a classroom. The student who can, not only come up with the correct answer but also can come up with the complete proof (steps in math terms) of arriving at the correct answer first gets the reward. As we know this needs the student with lot of brain power which naturally consumes a lot of energy from the body. Now mapping it to the cryptocurrency world, “math exam” refers to the “transaction”, the “classroom” refers to the “world”, “Student” refers to the “computing hardware/computer” that runs the complex algorithms, “brain power” refers to the “computing power” and the “lot of energy” refers to the “lot of electric power”. I hope it is easier now to understand.

Proof of Stake (PoS) is an alternate way of verifying and validating the transaction or block. This will pick the Validator (Equivalent of “miner” in the PoW) by the amount of stake(coins) a validator has and the respective age of the stake. If you have 100,000 alt coins (let us say NYE coin which use PoS) in a wallet, Here the 100,000 NYE coins is the stake. This amount is like the security deposit which means the Validator holds a significant stake in NYE coin with good aging is more committed and combined with many other factors, will get a higher chance to validate a block. This allows building a trusted and distributed network with loyal Validators (high stake of coins). The Validators earns the part or whole of the transaction fee. In PoS, it is not “mining” but “forging” which is done by the Validator who will process and forge a block to the chain. There are much more differences between the various Proof of Stake algorithms that are being developed but I am limiting to what I said so far just to provide a higher level of differences. There are currently issues with PoS as well, such as a small group of people owning a majority of tokens/coins will be the Validators but it is still evolving and eventually more solid and robust will be out there at some point in time.

Eliminates the below challenges from PoW and believed to have an advantage:

◉No need of expensive hardware(a normal laptop or computer running the respective coin’s Validator client will do as long as your laptop or computer is online)

◉Energy efficient as it won’t consume high electricity as PoW does

◉More loyal Validators … As higher the stake the Validators have for a long time, more chances for the Validator to be picked up for “forging” and earn the transaction fee

◉Faster validation

Bingo! This is where Cryptocurrency shines like anything. There are several businesses that accepts Bitcoin & other cryptocurrencies as payment. It’s not limited to investing or speculation, it has real value as alternative medium of exchange. You can buy Gift Cards, book Airline/Hotel/Space Flight Tickets, Computers and like pretty much anything!

Both terms are often used as synonyms, but have completely different concepts. In a nutshell, Coins that are sometime also (called as altcoins) are created with several encryption techniques, and hold value over time. It operates on its own Blockchain, for example: Bitcoin operates on Bitcoin Blockchain, NEO operates on NEO Blockchain, Ether operates on Ethereum Blockchain. Coins are mobile, persistent, commutable, and have limited supply. Besides, they don’t have any functionality beyond acting as money.

Tokens are referred as an asset or utility, that require existing blockchain to operate & function. They require another platform like Omni, Lisk, Waves, Stratis and Ethereum to operate. Tokens are designed in a way that activate features & functionality of an application. For example: Musiccoin is a token designed to give users can access of different features of music platform.

The main difference lies in their structure as coins are considered as separate currency and have their own separate Blockchain. And Tokens reside on the top of Blockchain that functions with decentralized applications.

This totally depends on your country’s law! According to the IRS (Internal Revenue Services) a US government agency, Bitcoin will be treated as property, and not as currency. In conformity to a policy notice issued by IRS 2014, every virtual currency investments will be treated as capital assets. Therefore, it’s mandatory to file taxes for the same.

It would create a significant burden on Bitcoin holders, every time they make a transaction they have to determine the amount of their taxable gain. Regardless in what form a person makes income, it will be taxed.

Contact us

Get in Touch