What Is Nuts?
NUTS is a blockchain-driven ecosystem that hosts digital asset management applications. The platform is sustained by a trusted credibility system that also guarantees the integrity of asset transfer within the network. The market protocol is based on an independent risking pricing system as privacy protection mechanism that allows members to transact in digital assets in an efficient, transparent and safe environment.
Nuts Crypto Asset Management Service Market Protocol Features
Digital Asset Holder Classification
NUTS will leverage the depth of on-chain metadata and trading history to evaluate and categorize the intrinsic value of assets stored in specific digital wallets. By classifying the digital assets acutely, service providers can efficiently partner up and interact with investors.
Credit Scoring System
The credit scoring system allows participants in the NUTS ecosystem to assess the potential risk of trading with a certain users. Additionally, on-chain credit scores enables merchants to conduct risk-based pricing, an aspect that is vital in the development of specialized products and services.
Identity And Security Protection
NUTS users have the option to reveal transactions IDs to third-parties through the selective transparency feature. On the other hand, the metamasking feature allows digital asset holders to validate transactions using masked keys that confiscate their true identities.
The Current Market Situation
Upon examination the investments sector, the following observations stand out:
- Lately, the crypto space has been growing at an incredible rate. As a result, the sector is currently overwhelmed with regard to the availability of digital asset management services.
- Traditional assets are overlooked by their contemporaries and are still regulated by governmental agencies.
- Despite the widespread notion, digital assets are not entirely immune to manipulation and other malicious attacks.
The Nuts Solution
The NUTS platform will implement the following mechanism to achieve its objective:
- Privacy – NUTS will create a fully secured transaction through the exclusion of Biometric and Cryptocurrency IDs.
- Risk Analysis and Management – as mentioned above, the NUTS market will be regulated by a trusted credit system and an independent risk pricing principle.
- Efficiency – NUTS will feature an open source UI that is simplistic to users and promotes efficiency.
The first phase of the NUTS implementation program will involve market study. Once this is done, the open source UI will be launched. This will be followed by the inauguration of the Trading Optimizer. After this, the team will embark on the release of the various versions of the NUTS ecosystem.