AllianceBlock Nexera

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Discover AllianceBlock Nexera's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is AllianceBlock Nexera?

AllianceBlock Nexera (NXRA) is a decentralized finance (DeFi) solution that bridges traditional finance to DeFi. It uses data tunnels, KYC/ID services, and tokenization of real-world assets to create an infrastructure for decentralized tokenized markets. The NXRA token is the utility token at the core of the Nexera infrastructure, facilitating reputation building, governance, exclusive access, and medium of exchange for fees and transactions.

How is AllianceBlock Nexera used?

The AllianceBlock Nexera (NXRA) token is a multi-functional instrument within the AllianceBlock ecosystem. It serves several purposes:

  1. Medium of Exchange: NXRA is the primary medium of exchange for services and assets within the ecosystem, facilitating transactions and driving platform growth.

  2. Reward Mechanism: It acts as a means of rewarding ecosystem participants, including node owners and those who stake, incentivizing their contributions to network maintenance.

  3. Governance: NXRA token holders can engage in voting and power delegation, playing a critical role in governance.

  1. Currency Reserve: It acts as the currency reserve in the ecosystem reserve pool, contributing to the system’s stability and sustainability.

  2. Network Fees: NXRA is used to pay network fees, ensuring the smooth operation of the network.

These diverse use cases make NXRA a versatile utility token, driving the growth and functionality of the AllianceBlock ecosystem.

How do I store AllianceBlock Nexera?

To store AllianceBlock Nexera (NXRA) tokens, you can use various hot and cold wallets that support the token. Here are some options:

  • MetaMask: You can add NXRA as a custom token by following these steps:

    1. Go to "Add Token."
    2. Select "Custom Token" and enter the contract address of the NXRA Token, which is the same across all chains: 0x644192291cc835A93d6330b24EA5f5FEdD0eEF9e.
    3. Click "Next" and confirm "Add Tokens".
  • Trust Wallet: Trust Wallet supports NXRA, and you can add it manually if needed.

  • Ledger Live: Ledger Live also supports NXRA, allowing you to store and manage your tokens securely.

  • D'Cent Wallet: You can add the NXRA token manually to your D'Cent wallet, and it will be updated to show the price once the wallet is updated.

  • Exodus Wallet: Exodus Wallet is another option that supports NXRA.

  • Noone Wallet: Noone Wallet allows you to create an AllianceBlock Nexera (NXRA) address for storing your tokens.

These wallets provide a secure and convenient way to manage your NXRA tokens.

How to buy AllianceBlock Nexera?

To buy AllianceBlock Nexera (NXRA) tokens, you can follow these steps:

  1. Use a Centralized Exchange:

    • Find a reliable centralized exchange like Binance, Gate.io, or Kriptomat that lists AllianceBlock Nexera.
    • Create an account, verify your identity, and add funds to your account using a bank deposit or credit card.
    • Navigate to the AllianceBlock Nexera listing and follow the exchange's buying process.
  2. Use a Decentralized Exchange (DEX):

    • Download a compatible wallet like Trust Wallet.
    • Set up your wallet and ensure it is supported by the DEX you choose.
    • Buy Ethereum (ETH) as your base currency.
    • Send the ETH to your wallet.
    • Connect your wallet to the DEX and trade your ETH for AllianceBlock Nexera.
  3. Use Atomic Wallet:

  • Install Atomic Wallet, a free and secure wallet that supports over 300 assets.
  • Verify your identity to prevent fraud.
  • Buy AllianceBlock Nexera directly with a credit or debit card, with a minimum purchase of $50 and a daily limit of $20,000.

Remember to always follow the specific instructions for each platform and ensure you have the necessary funds and wallet setup.

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History of AllianceBlock Nexera

The history of AllianceBlock Nexera (NXRA) is deeply connected to the development of AllianceBlock, a project aimed at integrating traditional and decentralized finance. Established in 2018, AllianceBlock sought to create seamless gateways between these two financial spheres, enhancing capital flows and technological innovation.

Initially, AllianceBlock had a native token called ALBT. However, in February 2023, the lending protocol BonqDAO Protocol was exploited, resulting in the unauthorized access of around 113 million ALBT tokens. To mitigate the damage, AllianceBlock introduced the NXRA token, which replaced the legacy ALBT token without increasing the overall token supply. The new token was used to compensate affected ALBT holders, ensuring a smooth transition.

Since then, NXRA has become the primary token for the AllianceBlock ecosystem, serving as a multi-purpose tool for exchange, governance, and other ecosystem functions. The token is designed to facilitate the building of reputation, enable governance participation, and unlock exclusive access within the ecosystem.

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How AllianceBlock Nexera works

AllianceBlock Nexera (NXRA) is a cryptocurrency designed to facilitate the integration of traditional finance with decentralized finance (DeFi) by providing a seamless gateway between the two. The project aims to create a next-generation financial infrastructure that allows regulated financial entities to access the DeFi space efficiently.

Tokenomics and Utility

The NXRA token is the native cryptocurrency of the AllianceBlock ecosystem and serves as a multi-purpose tool. It acts as the primary medium of exchange for services and assets within the ecosystem, driving transactions and fostering platform growth. Additionally, NXRA is used to reward ecosystem participants, such as node owners and stakers, incentivizing their contributions to network maintenance. The token also plays a critical role in governance, enabling token holders to engage in voting and power delegation. Furthermore, it acts as the currency reserve in the ecosystem reserve pool, contributing to the system's stability and sustainability.

Token Details

The NXRA token is available on multiple networks, including Ethereum, BNB Smart Chain, Polygon, and Avalanche. It is an ERC-20 token on Ethereum, Polygon, and Avalanche, and a BEP-20 token on BNB Smart Chain. The total supply of NXRA is 850,000,000 tokens, and it was minted on February 20, 2023.

History and Development

AllianceBlock was founded in 2018 in the Netherlands. Initially, the project had a token called ALBT, but it was replaced by NXRA after a security breach in February 2023. The new token was introduced to compensate affected ALBT holders, and it does not increase the overall token supply.

Use Cases and Benefits

The AllianceBlock Nexera ecosystem supports the tokenization of assets, allowing businesses to issue, manage, and trade tokens in a compliant and decentralized manner. The project claims to offer easy setup and integration, secure and decentralized solutions, chain-agnostic support, and compliance by design. This infrastructure enables businesses to access new opportunities through tokenization.

Trading and Availability

NXRA tokens can be freely traded and are available on various exchanges. Users can purchase NXRA tokens through platforms like CoinEx, which provides a user-friendly interface and robust security measures.

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AllianceBlock Nexera's strengths

The token AllianceBlock Nexera (NXRA) has several strengths that contribute to its utility and potential growth:

  1. Multi-Purpose Tool: NXRA serves as the primary medium of exchange, a means of rewarding ecosystem participants, and a network fee payment mechanism. It also acts as the currency reserve in the ecosystem reserve pool and enables governance through voting and power delegation.

  2. Seamless Integration: The token facilitates the integration of AllianceBlock's comprehensive DeFi infrastructure, bridging traditional finance with decentralized markets and providing regulated financial entities with tools to access the DeFi space seamlessly.

  3. Compliance and Security: AllianceBlock prioritizes decentralization and security through extensive auditing processes, ensuring that its solutions and infrastructure are compliant by design and secure for users.

  1. Chain-Agnostic: The AllianceBlock Nexera ecosystem supports multiple networks, including Ethereum, BNB Smart Chain, Polygon, and Avalanche, allowing developers to deploy cross or multi-chain strategies.

  2. Tokenization of Real-World Assets: AllianceBlock has taken steps towards tokenizing real-world assets, which is an emerging sector in the crypto market expected to experience significant growth.

  3. Strong Partnerships: The project has established partnerships with regulatory compliant bodies, further solidifying its position in the market.

These strengths collectively contribute to the token's utility and potential for growth, making it a promising investment opportunity in the crypto market.

AllianceBlock Nexera's risks

AllianceBlock Nexera (NXRA) is a cryptocurrency token that operates within the AllianceBlock ecosystem, which aims to bridge the gap between decentralized finance (DeFi) and traditional finance (TradFi). The token plays a crucial role in facilitating efficient and compliant cross-border transactions in the capital markets. However, like any cryptocurrency, NXRA is subject to various financial risks.

Risk of Price Volatility

NXRA's price can fluctuate significantly over short periods, making it a high-risk investment. The token's value can drop rapidly due to changes in market conditions, volume, and market capitalization. This volatility can result in substantial losses for investors who buy the token at a high price and sell it at a lower price.

Risks Associated with Blockchain Technologies

NXRA, like other crypto-assets, relies on blockchain technology, which carries inherent risks. These risks include security weaknesses in codes, cryptography, and software, as well as the potential for cyber theft and hacking. Such incidents can compromise the integrity of the token and the AllianceBlock ecosystem, leading to financial losses for investors.

Regulatory Risks

The cryptocurrency market is subject to evolving regulatory environments. Unfavorable regulatory actions or enforcement can negatively impact the value of NXRA and the AllianceBlock ecosystem. Changes in laws or regulations can limit the utility of the token or even render it obsolete, leading to significant financial losses.

Risks of Limited Utility

NXRA's value is closely tied to its utility within the AllianceBlock ecosystem. If the ecosystem fails to develop as planned or if the token's use cases are limited, its value may decline. This risk is exacerbated by the potential for other tokens or platforms to offer similar services, reducing the demand for NXRA.

Governance Risks

The AllianceBlock DAO, which empowers the community to participate in governance, can also introduce risks. Poor governance decisions or a lack of effective decision-making processes can negatively impact the token's value and the overall ecosystem.

Liquidity Risks

NXRA's liquidity is critical to its value. If liquidity providers withdraw their support or if the token's trading volume decreases, it can become difficult to buy or sell the token, leading to significant price fluctuations and potential losses for investors.

Other Risks

Additional risks associated with NXRA include the potential for loss of value due to various factors, such as security breaches, technical issues, or a decline in the overall cryptocurrency market. These risks can result in significant financial losses for investors who hold the token.

In summary, AllianceBlock Nexera (NXRA) is subject to a range of financial risks, including price volatility, blockchain technology risks, regulatory risks, limited utility risks, governance risks, liquidity risks, and other risks. Investors should carefully consider these risks before investing in the token.

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Did AllianceBlock Nexera raise funds?

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AllianceBlock Nexera’s team

  • Rachid Ajaja: Co-founder and CEO of AllianceBlock, playing a crucial role in the development of the Nexera ecosystem.
  • Alexander Seel: Strategic Advisor, Director at Legend Holding.
  • Luke Lombe: Strategic Blockchain Advisor, Co-founder of MYNTD.
  • Micha Willemse: Strategy and Growth.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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