What Is NewYork Exchange (NYE)?

NewYork Exchange is an open-source platform that allows users to modify and copy the wallet software and distribute modified copies that verify transactions. The platform allows trade-in of traditional commodities with the NYE token. The NYE coin is the native currency of the NewYork Exchange network. NewYork Exchange Coin (NYE) aims to become one of the leading digital assets worldwide. 

According to its whitepaper, many businesses depend on financial organizations to serve as trusted third parties to process electronic transactions. However, most organizations suffer from the inherent weakness of the trust-based models. NewYork Exchange network acknowledges the problem mentioned above and brings an automatic income system based on cryptographic proof. Transactions with cryptographic proof are impractical to reverse and cause any fraud. 

NewYork Exchange network offers the following features to its users:

• A private blockchain allows businesses and individuals to trade seamlessly without worrying about unwanted users accessing their data. Thus, many security requirements are no longer necessary. 

• Mobile application: Blockchain mobile application has opened a new era in many fields, from healthcare, finance to cryptocurrency, and aims to bring advantages to the community. 

• Lending platform: NYE coins have an innovative lending platform, which aims to become a leading trade concept representing different groups of online lending, serving small and big businesses. 

The NewYork Exchange platform provides transaction transparency with records and manages price, contracts, and translation history. NYE manages potential risks using objective metrics analysis and multi-variable assessment to safeguard ITO (initial token offering) participants, token holders, and assets. NYE divides the advantages and contract highlights of cryptocurrencies to secure the token holders from the risk of duplication of trading. 

NYE coin is dedicated to using the smart contract feature of the blockchain technology to raise and enhance traders to see the opportunities present in the stock market and commodities. Smart contracts are just like regular contracts. However, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain.

NYE uses smart contracts and technological secure transaction integration to facilitate transparent trading and perform all transactions effected through distributed processing. 

History of NewYork Exchange (NYE)

The team of the NewYork Exchange network comprises four members, and Christopher Kolb is the CEO. Further, the total supply of NYE coins is six hundred million.