Nextsign is a decentralized authentication and ranking platform that confirms the ownership of an asset such as attendance in an event or a result in a given standings. Crypto uses ERC-721 protocol on Binance Smart Chain and Etherium to confirm the off-chain information in a trustless and decentralized way by using Non-Fungible Tokens.
GO TO NeXT Sign EXCHANGE
NFTs can allow the creation and ownership of unique digital items and collectibles. Nextsign will be used to enable the creation of NFTs for a ranking in different standings.
Nextsign can be also used as a platform to collect or distribute a value such as prize or reward by the standings creator. Nextsign can be used in any kind of occasions that includes concept of membership, contestants, attendants and etc.
Nextsign is a native token (NXT) for utility purposes. The native token of Nextsign is used for creating on chain events, standings and the ranking NFTs. Nextsign native token is a tradeable asset in centralized or decentralized exchanges. Minted NFTs are also tradeable due its nature based of ERC protocol.
There are many use case for standings. Competitions, education and many other applications are producing ranking tables. These tables can be immutable on blockchain empowering the creator of the standings. Competitors in a competition or the viewers of the competition can benefit the decentralized aspect of the results. Here are some examples for use case:
A standing creator is the first owner of the ranking records on the blockchain. The creator has the benefit of defining the parameters of a standings table such as the number of records and the properties of the standings such as single winner or multiple rankings.
A stanging creator will use CryptoX platform to create a standings table. The table can be created before the event such as an online gaming tournament. The creator will define the table parameters such as:
According to the parameters, creator will send the required amount of CryptoX native token to the smart contract and then the appropriate number of NFTs will be provided to the creator. All transactions will be carried via a digital wallet like Metamask.
Technical preparation such as
-Creation of native token and smart contracts
Launch of first web site for a vertical: Online gaming Tournements focused web site hosting news and usage of the token
IFO
First online gaming tournament sponsored by Crypto X
First tournmenet such as online or offline sponsored by 3rd party
Launch of second vertical: Educational institution news and graduation NFTs issues by schools or universities
CryptoX main use case will be for Online Gaming Tournements. There are many Online Gaming Tournements all over the world at the same time. Online gaming tournements are distributing results and prices after each event.
Event creator can use CryptoX platform to announce the event and create the event NFT by swapping the native token of CryptoX. Event creator has flexibility about creating the event. The creator will have the event token and the price tokens after the creation of the event.
CryptoX can be used also for offline tournements such as chess or bridge tournements. Offline Tournements will have the similar attributes like online tournements. In addition, there are extra features dedicated for offline events.
CryptoX is also used for sport tournements such as individually arranged games or corporate games. Creating sports tournements is as easy as creating other tournements.
Events are similar to tournements. Events are like tournaments without standings result. In events; the creator will have the NFT related to event and the NFTs created for the attendees. Any attendee can have the proof the events in their digital wallets.
