What is Newscrypto?

Newscrypto (NWC) is a native token of the Newscrypto ecosystem, a platform that aims to provide a set of resources for both novice and expert crypto traders. The platform offers a variety of indicators, educational resources, and a community-focused ecosystem where users can learn from each other. The NWC token is used to unlock access to the platform's resources, including interactive education on blockchain technology and cryptocurrency trading. The token follows a deflationary model, with a hard cap of 280 million NWC and 20% of all subscription fees being automatically burned by a smart contract. The token's development is driven by the community, as Newscrypto is entirely self-funded and independent of any external capital.

How does Newscrypto work?

Newscrypto operates as a platform that provides a wide range of resources for crypto traders. The NWC token is used to unlock access to these resources, which include educational content, market tracking software, and a community section for interaction and learning. The token also serves as a means of transferring value within the ecosystem and rewarding community members for their contributions. Newscrypto follows a deflationary model, where a portion of the subscription fees is automatically burned, reducing the total supply of tokens over time. Originally built on the Stellar blockchain, NWC became available on Ethereum and the Binance Smart Chain in 2021, with a cross-chain swap solution available on the Newscrypto website.

What are the potential use cases for Newscrypto?

Newscrypto aims to serve as a resource for crypto traders of all experience levels. The platform offers a variety of tools and educational resources, making it a potential resource for individuals interested in learning about and participating in cryptocurrency trading. The NWC token serves multiple purposes within the ecosystem, including unlocking access to platform features, transferring value, and rewarding community members for their contributions. The token's deflationary model aims to manage its supply over time. Furthermore, the cross-chain functionality of NWC allows users to swap between different versions of the token on different blockchains, expanding its potential use cases.

What is the history of Newscrypto?

Newscrypto was founded in 2019 with the goal of providing a set of resources for crypto traders. The project was self-funded, with the initial funding coming from the founding members themselves. This approach was chosen to ensure the platform's independence and unbiased nature. The NWC token was made tradeable on the open market, allowing market participants to freely determine its price. Originally built on the Stellar blockchain, NWC expanded to Ethereum and the Binance Smart Chain in 2021. The project's progress has been driven by the community, with the team consisting of top traders, developers, and various specialists who are compensated entirely in NWC tokens.