Initial coin offerings have exploded in popularity over the last year, and now make up a significant portion of the entire crypto currency market. More than 300 new cryptocurrency tokens reached market caps of over $1 million in 2017 alone, an increase of more than 45% over previous years.
Initial coin offerings have grown from a simple method for token-based blockchain platforms to generate startup capital into a fully-fledged industry. It’s now possible to invest in an extremely broad spectrum of industries via ICOs, from Russian agricultural enterprises, to diamond-backed cryptos, and even Southeast Asian banana plantations.
Despite the growing popularity of initial coin offerings, there is still no central focus point or exchange upon which ICOs can be listed and traded. Waves and a number of other platforms to provide a solution to this issue to some extent, but a new blockchain based platform is aiming to corner the ICO market with a comprehensive, next-generation stock exchange that is committed to providing alternative financing solutions.
NEXT.exchange, based in the Netherlands, is currently running an initial coin offering in order to generate the capital to launch their platform, which is intended to operate outside of traditional financial paradigms and place all assets directly onto the blockchain.
In this article, we’ll take a look at the NEXT.exchange platform and ICO and find out what it offers investors to help you determine whether it’s the right investment opportunity for you.
What Is NEXT Exchange?
NEXT.exchange is a decentralized stock exchange market that is designed specifically for cryptocurrencies and ICO tokens. The NEXT.exchange platform makes it possible to trade these assets internationally at any time, and is directly targeting individuals and organizations that seek an alternative to the current international banking paradigm.
The NEXT.exchange platform is the brainchild of a team of highly respected cryptocurrency market players with a significant amount of experience. Interestingly, NEXT- the organization behind NEXT.exchange- was founded in 2012, and has acquired more than 5,000 members internationally, gaining access to a broad spectrum of worldwide capital and projects.
The ultimate goal of the NEXT.exchange project is to foster the adoption of cryptocurrencies as a medium of exchange for global stock trading. NEXT.exchange views initial coin offerings as the future of startup capital generation in light of the rapid increase in difficulty associated with entering the financial market as a new organization.
The NEXT.exchange platform wants to eliminate unnecessary hassles and obstacles for new startups, limiting needless bureaucracy and creating a simple, streamlined, easy-to-use solution. NEXT list their primary goals in their white paper as the following:
“To provide an exchange platform between fiat, crypto coins, real assets (like company shares) and digital assets with a large, active, and friendly community.
Offer new ways for clients to turn a profit by mimicking expert practices, for example a mobile application where traders can copy trades from successful traders.
To provide an exchange platform for physical goods in which business can exchange their items in a fast and secure manner.”
NEXT Exchange Capabilities
To achieve these goals, NEXT is planning on rolling out a comprehensive suite of tools and features. Users of NEXT will be able to participate in crypto pool trading that deliver high volume and substantial profits while spreading risk across the top 20 cryptocurrencies in the market.
NEXT.exchange also makes it possible for users to upload their own smart contracts in order to participate in a thriving community of smart contract traders. NEXT.exchange also offers crypto mining solutions, as well as advanced ICO profiling tools that is touted as the “Facebook of ICOs”.
NEXT Exchange Verdict
The NEXT.exchange ICO will be finishing up on the 10th of December, so at this point it may be too late to get in on the ground level. NEXT.exchange does look extremely promising, however, so if you’re interested in remaining updated on the development process it’s possible to sign up for email updates via the NEXT.exchange website.