We are pleased to announce our next AMA on March 15th, 2021 at 02:00 PM UTC Time: Satoshi Club x NEXT.chain
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join NEXT.chain Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. NEXT.chain Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about NEXT.chain
For more details:
NEXT.chain – @nextchain
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
In the future, will NEXT be like mining, stake or farming?
The crypto competition is getting tougher now where there are many who have succeeded with several well-known partners and some are not successful because of the actions of fudders, what will be done if one day there will be lots of bad news about NEXT?
There are so many people who are interested in getting an NFT airdrop, will there be an airdrop for NFT holders someday?
NEXT.chain claims that there are no higher dynamic gas costs on its network. Most blockchain services initially claim to have low gas costs, but as transactions increase, the price of gas will become more expensive. How does NEXT.chain ensure that gas costs will remain stable in the future?
BSC networks are popular now, and I think it takes a lot of effort from Next Chain to match the BSC fame. How will you attract people at BSC to become interested in moving to the Next Chain? What are the conveniences you offer to attract people from the other chain?
$NEXT is only listed in Uniswap if I’m not mistaken, in your roadmap you say that this month you are going to list $NEXT in exchanges, but can you tell us which are the DEX or CEX in which you will list $NEXT?
Your goal at the macro level is to be a leader in blockchain, and one of your goals to achieve this is “the deployment of unlimited assets (utility or security tokens)”. Do you plan to launch other tokens in the future? What would be the usefulness of the tokens that you will launch?
One of your goals is to provide transparent liquidity to new and existing projects. My question is: what kind of audience is NextChain targeting? Do you focus only on the use of projects and companies or the most common and everyday use of users? NextChain is versatile for both cases?
I’m curious, Next.chain provides everything that the ethereum and bitcoin network doesn’t, however why the only thing Next.chain can’t provide users is balance loans? Balance loans are common in this type of platform, especially to new projects that are starting, why not support that?
Unlike BitCoin, NextChain has smart contracts, can you tell us what is the usefulness of the main smart contracts and how safe and reliable are they? Can you provide one of the addresses?
Many blockchains such as Ethereum or Bitcoin that as time passes the network saturates and increases the traffic on the network and the mempool becomes congested, this causes the commissions to increase in such a way that it would be impossible to pay them, like Ethereum. How can you guarantee that in the future NextChain is the exception and maintains a low value of commissions?
To have a masternode you need 25,000 $NEXT which is equivalent to approximately $4,070.0. If I obtain a masternode, can I recover the investment in a short or long period of time? Are masternodes really effective?
Like TetherUSD, NEXT is interconnected with multiple blockchains. Which increase the scope and, because of this, are also negotiable through Uniswap and the token can be stored in ledgers and on Trustwallet. Does this mean they are the new and improved TetherUSD?
The roadmap mentions that they are integrating new fiat payment solutions. What are these solutions? Can you explain to us what fiat payment methods Next.chain has? And above all these payment methods are worldwide or are there restrictions?
NEXT.chain allows anyone to easily create and maintain their digital asset, similar to Ethereum’s ERC20 tokens which allows all assets to be directly tradeable. Considering the security challenges encountered in the DeFi industry, what security infrastructure will be implemented to acertain the integrity of users digital assets. how can existing and new users personalise their digital asset to meet their demands.
While I was reading on your website I came across the fact that NEXT.chain have a NEXT.coin and a NEXT.token, could you tell us the differences between these two when it comes to their uses cases and utilities and what made you take the decision on having both? What benefits will bring to users having one or the other? Are they equal to each other and how can we swap them?
I saw on your twitter page that for the past week, you’ve been receiving thousands of messages concerning $NEXT blockchain, but I didn’t see any other statement coming from you to keep your users calm. Could you please address this situation you were having that had users concerning about it a lot? And what solutions are you presenting to them to assure them that everything within $NEXT blockchain will be fine?
I saw that you just said on twitter that $NEXT ILO event on UniCrypt ended with a huge success as you have acquired 941.255 ETH, 235% of your planned soft cap. Could you tell us more about this and how will this success impact on NEXT.Chain development? Will you have other ILO events? Also, on what exchanges are we going to be able to see $NEXT listed in?
I was able to see a comparison of NEXT.chain with Bitcoin and Ethereum and one of the main core functionality is allowing private transactions, is this allowed for high volume transactions as well? How can the users have access to keep their transactions private? Is there an additional cost to pay for?
NEXT.Chain aims to have a global coverage and 24/7 availability for the users, I couln’t find a support system integrated on your website, so where is this channel that keeps the communication and trouble support with your users? Are there real operators behind?
According to the comparison sheet, the NEXT.chain blockchain surpasses the Bitcoin and Ethereum blockchains in all respects, with the exception of one point that is absent everywhere: Balance Lending. Are you considering revising this paragraph since you’ve decided to put Bitcoin and Ethereum in competition?
I read that in your project that Masternodes are the PoS layer of NEXT.chain, then a masternode is practically a server in a decentralized network but it must be 24/7 to work with the correct speed and not collapse, there are thousands of Defi tokens and the ETH network supports millions is very wide NEXT chain if the network collapses for a masternode that would pass, it has enough backing and support to cover the need of all the chains and all the tokens that it exchanges apart from the price in real time, This masternode has the interporability to execute these operations, apart from how is this chain audited in this process?
It is interesting to bring a masternode a decentralized network to the Defi system in this case to run it. The main requirements to operate a masternode include 25,000 NEXT, a server with 24/7 uptime (we can help with this). Maybe we can use VPS I imagine, but here the time plus the inflation when producing interest is important to achieve sustainability in a long time and the token can grow, can you explain what mechanism you use to avoid falling into inflation over time and the token has a stability, and not fall into a state of depression or negative when the market is red, what is the formula that you bring us?
Apart from offering a bridge in ERC20 and BSC NEXT CHAIN in the future will include Polkadot, how will it adapt to web3 and changes that come with uniswap with V3, will they have the support to connect securely to any wallet of any chain?
Considering that Next chain is based on Bitcoin core, how is possible provide Instant transactions, considering the lack of BTC network is these terms?
The DeFi developers wants a chain that provide them speed, performance and low fees, so can you tell us what are the characteristics that you have to overpass big Defi chains like Ethereum and BSC?
The NEXT.Chain blockchain is a combination of PoW and PoS consensus, how do you put this both consensus to work simultaneously and what role do masternodes play in your ecosystem?
I understand that next.coin is the native cryptocurrency running on the Next.chain and the next.token allows staking, yielding and trading, is it really neccesary to divide the token functions and create this variant? Why should the users need the native coin?
I really like next chain concept, it is ambitious, it wants to become one of the leaders in its market, but it will be close compatible with ERC-20 address? In other words it is compatible with the EVM like BSC and HECO with Ethereum?
Transaction Speeds and Security are one of the most prominent features offered by any modern Blockchain and With the power of the NEXT.chain Masternode network anyone can transfer NEXT easily, securely, instantly on a global scale. So can you explain more what NEXT.chain Masternode is and how to set it up? Also can you tell us more the reasons why launching a NEXT Masternode is a good idea?
You mention that you do not want to create a simple Blockchain anymore, but it is “to become leaders in the Blockchain field”, but really, what characteristics should that blockchain have to be the leader in the entire field? it must also be associated with all the others, right?
You mention that your blockchain will be extremely secure, but at the same time it will only have to be safe from 51% of attack, is it really completely secure or can its security be improved after each update?
One of the features they provide is that they will grant privacy, but also compatible with KYC and AML, if your projects are totally private and decentralized, then why will KYC be required? or is it just an alternative option?
Really how much is the minimum of tokens that will be required to participate in your masternode? And is she really the best option to increase capital with her platform?
The vast majority of blockchain only focus on providing the best rates for exchanges, while Next Chain on the instant exchange of coins and tokens with maximum security and reliability, really which is more important, have stable security and minimum fees, or great security and regular fees like Next chain?
If DeFi really has a potential that nobody imagines, then is it possible for other projects to be developed that will surpass Next Chain? or really nothing can beat Next Chain? haha
I understand that your blockchain is built on the core of Bitcoin, right? Does that mean that great security and solidity will come from it? and only you will take it to another level by providing the much needed decentralization right? But is it just that, or is there much more?
Is your blockchain smart contracts fully audited? or is it really as safe and reliable as bitcoin, which does not require it?
NEXT.chain is a hybrid blockchain with combined security and efficiency aspects of POW (Proof-Of-Work) and POS (Proof-Of-Stake). Staking
and Liquidity Farming had a great year in 2020, it is becoming an essential and stable part of many network and maybe it will grow even more in 2021. So do you think PoW is going away just because PoS and staking are getting popular?
NEXT.chain was born on April 17, 2019 and is blockchain where which is build on the original Bitcoin-core protocol, add the tokenization and smart-contract features from Ethereum. Next.Chain was built as the next version of Blockchain and your aim is to become leaders in the Blockchain field. So may we know why did you need and build a blockchain of your own in the first place? Also what problems or issues you are intended and aiming to solve?
Most of the projects have been based on Ethereum and Polkadot, but NextBlockchain is based solely on Bitcoin. Why have you decided to rely on Bitcoin? What are the benefits and returns that they generate? Is it really the best option?
Bitcoin and Etherum are insurmountable and highly competitive currencies, how does NEXT manage to have so many benefits unlike these large currencies? How is it possible that NEXT has transaction fees of 0.001 USD and fulfill a total of 10,000 transactions per second? Would this mean that NEXT is a unique and unbeatable coin?
NextChain ensures that all transactions will also be instant secure. So, could you explain how the Layer 2 Protocol works? Do you really transfer any asset / token instantly and at no cost? This happens thanks to the new digital economy?
There was a time when btc doesn’t have any scalability problem even with the 7 transactions per second same thing as Ethereum there was a time when there was never scalability problem even with the 15 transactions per seconds, now Next.chain is expected be able to process 10,000 transactions per seconds, do you think there can’t still be scalability problem when the adoption is becomes wide? How do you intend to counter future scalability problem?
I want to believe PoS is efficient when it comes to scalability. Why does nextchain combined PoW and PoS blockchain with masternode validators?
I know that NEXT Coin is traded on the P2PB2B exchange, and the NEXT token is traded on Uniswap. Tell me where there is more liquidity and is there any sense in the existence of a token on the Ethereum network? How is the exchange between Next coin and Next Token?
Building bridges between blockchains and working with the second layer turned out to be a very difficult task. And now a simple solution is gaining popularity – creating tokens simultaneously in different networks. I want to ask what do you call your ERC20 bridge? Is it just an exchange between a Next coin and a Next token on your website?Not talking about full network compatibility? Can you tell us how the exchange is going and whether you will expand your presence in different networks?
Among the distinguishing features, you have made PayAccept integration. But right now the service doesn’t work for crypto deposits and withdrawals. Tell me, is it because of such cases that you decided to be independent and decided to go the route of getting a regulatory license, which will allow you to be a player on the fiat-crypto road yourself? Will you develop fiat-crypto only as an online system or will you work on creating a network of accepting payments in shops and developing an ATM (automated teller machine) system? In other words, will you develop the crypto-real world direction to add value to NEXT Chain?
You say that Next Chain is built on the Bitcoin core. This is a very interesting fact, since most projects are launched on the Ethereum network. Why didn’t you go this route? What are the advantages of the Bitcoin core?
Tell us what to expect in the near future. About NEXTSWAP, about the mobile application and what other surprises await us
During the public sale, did you sell Next coin or Next token? Tell us about the tokenomics. How were the assets distributed between different networks and since you built a network on the bitcoin core, was it a premine?
Next chain has the ability to create Issue digital fungible assets, like stocks, bonds, and other forms of securities. Do I have to be a legal entity and register with the Securities Commission or other government agency? If I issue bonds on Next Chain and create a DAPP application that is similar to a stock exchange, where the different bonds created on Next Chain will be sold?
In other words, how are blockchain-based financial mechanisms regulated by law?
1. Generally speaking, transaction speeds and security are one of the most prominent features offered by any modern Blockchain. Users have grown accustomed to fast transactions. On your medium, you say that masternodes are the PoS layer of the NEXT.chain, primary requirements to operate a masternode including 25,000 NEXT, a server with 24/7 uptime which would allow anyone can transfer NEXT easily, securely, instantly on a global scale. My question is – what makes you different from other projects in this area and WHY ME, as a user, I should choose your services? Can you give me some reasons for that? What makes you more attractive on the market? Can you guarantee a consistent growth of your ecosystem? Is there a lock-up for a Masternode?
I see chart comparison from BTC/ETH and NEXT that NEXT chain create. NEXTchain can do private and public transaction not like btc/eth.Can you explain about this system how did NEXTchain possible to do both private and public in a transaction? Did you mean user can choose is it public or private when do transaction by him self?
2. On your medium I saw a concept about “NEXT BRIDGE”. You say that the NEXT Bridge works for all ERC20/BSC tokens and is acting like an arbitrage bridge and pools the NEXT, making more tokens to cross over to the Next.chain to utilise the speed and reduced fees, and cross back again at will, without the need to leave or migrate their current blockchain. Actually, what does it means and how it can work? Is there that the ability to create assets on your blockchain is embedded in the chain by default? Can you make a basic comparison between Next Chain Core Blockchain Functionality and other chains, for example, Bitcoin and Ethereum?
Much project that using Ethereum want to change into BSC because of high fees problem from ETH, we can say BSC is popular right now. But why NEXT.chain still insist to work under Ethereum ?
The $NEXT tokens in the team fund, the 500.000 $NEXT tokens that allocated for the team itself were locked for 180 days. After the 6 months locked period, how will be the plan disbursement of the team tokens? Are you gonna distribute it simultaneously or it will be gradually released for the team members?
You said NEXT.chain is a fast blockchain with smart contracts built on bitcoin core technology. So can you tell me what are the benefit for trader and investor if they HODL your token? Is it same benefit like bitcoin?
NEXT.chain is based in Bitcoin core right? But why have your team decided to create some $NEXT token based on Ethereum?
What is the governance system of NEXT Chain? Will it be centralized or decentralized management? If decisions will be made by the community, how will users be protected from transaction price increases? For example in the Ether network, part of the community voted against reducing the transaction price of EIP-1559 when miners don’t want to reduce the transaction price and increase it.
Do users need special equipments to run $NEXT masternodes? How much is the estimated cost of running $NEXT masternodes?
I read from your website, NEXT.Chain have technology to do 10.000 transaction/sec. Can you describe what technology did your project use to be able doing this? How is this possible?
3. I saw on your site phrases in which you use “Next.coin” and “Next.token”. Sincerely, I’m a bit confused. Can you please explain what are NEXT.coin and Next.token and what is the difference between NEXT.coin and Next.token? I mean, use-cases for each. Thanks.
NEXT.chain was born on April 17, 2019.
Over the past 2 years, what are the biggest achievements, in your opinion, achieved in the development of NEXT.chain and what are the biggest disappointments experienced? Has 2020 influenced this in any way?
For March 2, 2021, you had it planned in the roadmap –
Onboarding marketing agency. Has this point been implemented and what kind of agency is it, tell us in more detail, please?