By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CoinworldstoryCoinworldstoryCoinworldstory
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
      • Featured Airdrops
    • Price Prediction
    • EXCHANGE
      • Best Centralized Exchange List 2025
      • Best Decentralized Exchange List 2025
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
    PR
    If You Looking For Submit Cryptocurrency Press Releases Than Coinworldstory Is Best Choice For Crypto Press Release Submission
    Show More
    Top News
    Subsocial To Distribute 16.5M SUB Tokens After Securing Kusama Parachain Slot
    1 year ago
    MetaVisa will start the IEO sale of MESA token on BitMart
    2 weeks ago
    Team Behind ChainGuardians Launches Cryptoverse, an Immersive Metaverse Powered by Unreal Engine 5
    3 years ago
    Latest News
    RIVER Gains 5x Following Binance Perp Listing, Supported by Time-Encoded Airdrop Conversion
    5 hours ago
    Trezor Launches Trezor Safe 7: First Hardware Wallet With Transparent Secure Element
    1 day ago
    Roba Shatters Closed Systems: The People’s Robotics Platform Launches To Dominate $218b Industry
    1 day ago
    MEGACAMPUS SUMMIT 2026 TO BE HELD IN DUBAI — THE WORLD’S LARGEST LECTURE EVENT
    1 day ago
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
    NEWSShow More
    10 Best Performing Crypto last 6 Months
    10 Best Performing Crypto last 6 Months
    17 hours ago
    10 Cryptos Listed as Securities: Top Tokens Under Regulation
    10 Cryptos Listed as Securities: Top Tokens Under Regulation
    1 day ago
    10 Best Crypto Volume Trackers for Accurate Market Insights
    10 Best Crypto Volume Trackers for Accurate Market Insights
    2 days ago
    10 Best Crypto Trading Courses on YouTube
    10 Best Crypto Trading Courses on YouTube
    3 days ago
    10 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    9 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    4 days ago
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Reading: Nexus Dubai Projects: a Whole New Defi World Unveils
Share
Notification Show More
Font ResizerAa
CoinworldstoryCoinworldstory
Font ResizerAa
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Search
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
    • Price Prediction
    • EXCHANGE
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Nexus Dubai Projects: a Whole New Defi World Unveils
Press Releases

Nexus Dubai Projects: a Whole New Defi World Unveils

Chainwire
Last updated: 03/09/2025 2:45 PM
Chainwire
3 years ago
Share
Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
SHARE

Dubai, UAE, 6th June, 2022, Chainwire

NXD projects have products that possess amazing use cases for users to explore, such as the Nexus Dubai Token, UAE Merchant Network, Nexidius, and Electrum. NXD’s purpose in writing this press release is to give his readers the opportunity to learn more about these products as well as how they can be a part of them.

Nexus Dubai (NXD) Token 

Nexus Dubai (NXD) is a bridging multi-network token that supports various networks. The initial issuance of the Nexus Dubai Token by Polygon blockchain, the touted second layer of the Ethereum network, is based on the next-generation “Proof of Stake” consensus algorithm, which allows fast processing and decentralization.

- Advertisement -

However, the total number of Nexus Dubai Tokens that have been issued is fixed, and if more networks are supported, the number of newly issued Nexus Dubai Tokens in the Polygon network will also be locked.

UAE Merchant Network

The purpose of the merchant network is to make it possible for retail stores and restaurants in Dubai to be able to utilize the system without paying too much. The NXD Project is in partnership with several companies in the UAE to provide this merchant network to many retail stores and restaurants. Stores now have the privilege of becoming members with a cheap fee to install the system, unlike in the past.

Stores and restaurants can make payments easily at a wide range of places, which include large shopping malls, supermarkets, food deliveries, luxury hotels, etc. Since incentives are provided, it is possible to enclose inbound commercial areas.

Shortly, the payment application will be updated to display store locations and recommended products. It will show the users that there are more attractive participating stores and improve the settlement rate. Some other benefits include:

- Advertisement -

(1)Expansion of the number of stores using the system

(2)Locally-based payment system

(3)Attracting inbound customers

- Advertisement -

(4)Incentives to attract customers

As these four things are promoted, they improve the lives of all users through a common settlement system, and a new economic zone will be created.

Nexidius

Another product of the Nexus Dubai projects is the Nexidius. Nexidius is the most valuable virtual country there’s ever been. It offers some beneficial services, which include NexFi, Spray, Nexus Nation Bank, NXD staking, and others.

Nexidius focuses on the development of Brainwave which takes care of the Issuance of citizenship NFT. All users with Citizenship NFT will be able to enjoy the NXD services. Incorporation is possible within Nexidius. The first was NXD Games NC (Nexidius Company).

Only designated virtual currencies can be exchanged between companies, and that’s how users can partake in it.

Nexidius Services

NexFi: Boost-enabled staking service for the issuance of citizenship NFT by Nexus Nation Bank.

NXD Staking: Users can stake their NXD tokens to get rewards depending on how much they want to stake. There are steps users need to follow for NXD staking but before that, they need to understand the roles of the currencies.

Roles Of Currencies

NXD is a DeFi legacy token; just like BTC, it is completely decentralized.

Lydia is a CeFi type of Nexidius reserve currency. It’s used in exchange for Electrum, short-term trade, etc. This token is useful in making the market steady by repeating issuance and burning when necessary.

Electrum is the banknote NFT for long-term holders, off-chain payments using this as collateral, NexFi, real estate NFT purchases, e-commerce site payments, etc.

Steps for NXD Staking

1) Users can deposit NXD and get a USDT reward

2) Users can deposit an LP token and get a USDT reward

The NXD token will have a value of $2 and the exchange rate to Lydia will be set at 1 NXD = 200 Lydia.

Therefore, if a user holds 2,315 NXD and the conversion of the entire amount to Lydia is made, the total holdings will be 463,000 Lydia.

How to receive Lydia

Once the NexFi 2.0 product is ready, users will receive an airdrop of Lydia tokens at the equivalent of $2 per NXD when they stake NXD. Users can’t receive Lydia without staking NXD. The steps for staking NXD have been explained above so that users could earn Lydia tokens.

For example, if a user has 3,500 NXD and stakes 2,000 NXD, the total amount of Lydia he can receive in NexFi 2.0 is $4,000, which is 400,000 Lydia in total. He will not receive any Lydia from the rest of the 1,500 NXD that he did not stake.

In NexFi 2.0, Lydia aims to be listed on the exchange at $0.01 to make the market. Lydia tokens will be locked for 60 days, then they will be unlocked and withdrawable by 10% each month. This is called Vesting.

About ELECTRUM

In the future, the new Lydia tokens will be introduced so that they can be exchanged for Electrum, a banknote NFT. However, you will pay a fee of $5 in Electrum, which will continue to be secured by Lydia tokens.

There will be no exchange fee from Lydia to Electrum, but there will be a 10% Electrum conversion fee from Electrum to Lydia. This 10% fee will be passed on to the users so that NexFi and other services can continue.

Furthermore, if you deposit 20,000,000 Lydia for 180 days in a place called CORE, the exchange fee will be reduced to 1%.

Lydia Token Allocation

Token Name: Lydia

Ticker: LYDIA

Listing Price: $0.01

Total Supply: 15,000,000,000

Network: BEP20

Public Share (Number of tokens in the market): 30%

Company (Number of tokens held by the management company): 10%

Incentives (budget for user returns): 30%

Staking (Budget for NexFi and other staking rewards): 30%

About NXD

The NXD project aims to improve the lives of all its users by collecting information and evolving according to the market and the status of the projects. You can learn more about Nexidius and its services as well as how you can receive more Lydia tokens and be a part of this great project. Check out our website and other social media platforms so that you don’t miss anything!

NXD is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Contacts

CEO

  • TJay
  • NXD Projects
  • info@nexuscoin-dubai.com
RIVER Gains 5x Following Binance Perp Listing, Supported by Time-Encoded Airdrop Conversion
Trezor Launches Trezor Safe 7: First Hardware Wallet With Transparent Secure Element
Roba Shatters Closed Systems: The People’s Robotics Platform Launches To Dominate $218b Industry
MEGACAMPUS SUMMIT 2026 TO BE HELD IN DUBAI — THE WORLD’S LARGEST LECTURE EVENT
Aster Unveils Rocket Launch: A Gateway to Early-Stage Crypto Projects and Trading Rewards
Share This Article
Facebook Email Print
Previous Article IBC Group, NFT Tech, and Faith Tribe to Launch Fashion-Focused Launchpad IBC Group, NFT Tech, and Faith Tribe to Launch Fashion-Focused Launchpad
Next Article ‘WeCryptoEco’ Opens the World’s Largest Solar Powered Farm to NFT Holders ‘WeCryptoEco’ Opens the World’s Largest Solar Powered Farm to NFT Holders
10 Best Answering Services for Real Estate Investors 2025
10 Best Answering Services for Real Estate Investors 2025
Guide & Crypto Education
10 Best Investor Reporting Platforms for Financial Metrics
10 Best Investor Reporting Platforms for Financial Metrics
Banking & Finance
10 Best Lenders for Real Estate Investors: Top Financing Options
10 Best Lenders for Real Estate Investors: Top Financing Options
Guide & Crypto Education
10 Best Crypto Wallets In Zambia for Safe Trading
10 Best Crypto Wallets In Zambia for Safe Trading
Wallets

Latest Published

Phemex Upgrades Rewards Hub with $15,000 Package And Mystery Box System

2 days ago

Alps Blockchain Announces Corporate Rebranding to Alps

2 days ago
oak mining

Beyond Holding: Ushering in the Era of Intelligent Bitcoin Yielding with OAKMining

2 days ago

Bombastic Casino Unveils New Design and Enhanced Features

3 days ago
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
Trending
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
Trending
10 Best Macroeconomics Books-for Students and Professionals
10 Best Macroeconomics Books-for Students and Professionals
Trending
CoinworldstoryCoinworldstory
Follow US
© Coinworldstory News Network. Cws Design Company. All Rights Reserved.
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
coinworldstory logo coinworldstory logo
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?