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Newscrypto Coin

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Discover Newscrypto Coin'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 Newscrypto Coin?

Newscrypto Coin (NWC) is the native token of the NewsCrypto ecosystem, a comprehensive platform offering educational resources, market tracking software, and entertainment for cryptocurrency traders. NWC unlocks access to premium features, facilitates value transfers, and rewards community contributions. It follows a deflationary model with a hard cap of 280 million tokens and is available on multiple blockchains, including Stellar, Ethereum, and Binance Smart Chain.

How is Newscrypto Coin used?

The Newscrypto Coin (NWC) is the native token of the NewsCrypto ecosystem, which offers a comprehensive set of indicators, educational resources, and entertainment for both novice and expert traders in the cryptocurrency space. The token serves multiple purposes within the ecosystem:

  1. Access to Platform Features: NWC is used to unlock access to the online platform, which includes interactive education on blockchain technology and cryptocurrency trading, as well as additional features on the NewsCrypto mobile app. These features include entertainment such as crypto games and a community section, apart from educational resources and market tracking software.

  2. Staking and Rewards: Traders and investors can stake NWC to redeem rewards for their participation in the network. This incentivizes users to contribute to the ecosystem and earn NWC for posting quality content.

  3. Transfers of Value: NWC carries out transfers of value within the ecosystem, making it a utility token. It is used for both platform membership fees and as a means of rewarding community members for their contributions.

  1. Cross-Chain Swap: NewsCrypto has implemented a cross-chain swap solution, allowing users to swap NWC between Stellar, Ethereum, and Binance Smart Chain in a 1:1:1 ratio. This facilitates the adoption of NWC in DeFi protocols and decentralized exchanges, making it available to a wider user base.

Overall, the NWC token plays a central role in the NewsCrypto ecosystem, driving its growth and providing value to users through various utility and reward mechanisms.

How do I store Newscrypto Coin?

To store Newscrypto Coin (NWC) tokens securely, you can use the NWC wallet, which is a non-custodial wallet. This means that your secret key is never disclosed to anyone, not even to the NWC team, ensuring that you have full control over your funds. Here's a step-by-step guide to set up the NWC wallet:

  1. Download the NWC Wallet:

    • Go to the Newscrypto website and download the NWC wallet from the Google Play Store for Android or the App Store for iPhone.
  2. Create a New Wallet:

    • Open the app and click on the "Create new wallet" button.
    • You will be provided with an address and a memo. Send a minimum amount of NWC tokens (specified on the interface) to the provided address and memo using the Stellar chain.
  3. Activate the Wallet:

  • Wait 5 minutes after sending the tokens, then go back to the NWC wallet app and click on the "Activate" button.
  • Wait for the wallet to be generated, and do not close the app during this process.
  1. Save Your Secret Key:

    • Once the wallet is generated, you will be shown your secret key. Write it down and store it in a safe place, as you will need it to access your wallet and funds.
  2. Set Up a Pin Code:

    • Create a pin code to secure your wallet. This will be required every time you want to access the NWC wallet.
  3. Access Your Wallet:

  • After setting up your pin code, you will be transferred to the final interface, where your NWC balance is shown. You can now use your wallet to receive, send, and store NWC tokens securely.

Remember to always use the Stellar chain when sending NWC tokens to the NWC wallet, and do not click the "Activate" button before sending the tokens.

How to buy Newscrypto Coin?

To buy Newscrypto Coin (NWC) tokens, follow these steps:

  1. Choose an Exchange: Select a reliable cryptocurrency exchange that supports NWC, such as those listed on Holder.io or Bitcompare.net. These exchanges provide detailed instructions and market data for NWC.

  2. Create an Account: Register for a free account on the chosen exchange, either through their website or mobile app. This will allow you to access the platform's features and buy NWC tokens.

  3. Navigate to the NWC Section: Go to the specific section for buying NWC tokens on the exchange. This section typically provides real-time market data and allows you to set the buying amount in NWC tokens or your preferred fiat currency.

  1. Set the Buying Amount: Enter the amount of NWC tokens you want to purchase. You can set this amount in NWC tokens or your preferred fiat currency.

  2. Deposit Funds: Ensure you have sufficient funds in your exchange account to complete the purchase. If necessary, deposit the required amount using a supported payment method.

  3. Complete the Purchase: Confirm your purchase, and the NWC tokens will be credited to your exchange account.

  1. Transfer to Your Wallet (Optional): If you want to store your NWC tokens securely, transfer them to your personal cryptocurrency wallet. Make sure to use the correct wallet address and any required memo to avoid errors.

For more detailed instructions and specific exchange requirements, refer to the guides provided by the exchanges or NewsCrypto's official website.

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History of Newscrypto Coin

The Newscrypto Coin (NWC) was created in 2017 by Vid Gradisar, who serves as the current CEO of the platform. Gradisar, an experienced cryptocurrency trader with a successful track record in various corporations, recognized the need for a comprehensive platform that would provide relevant information and tools for cryptocurrency traders. The platform aimed to make cryptocurrency trading more mainstream and profitable for its users by offering a collection of indicators, educational resources, and a community-focused system where participants could learn from each other and earn NWC tokens for their content.

Over time, the platform evolved from a self-funded project into a global ecosystem with participants and team members from around the world. The team, which includes Luka Boškin as the head of business development, Elvis Rusjan as the marketing executive, and Urban Završnik as the chief technology officer, has worked to gather information and equip users with the necessary tools to navigate the trading universe.

The NWC token, which is the native token of the Newscrypto ecosystem, was designed to facilitate transactions within the network and hold value outside the platform. It can be traded with other cryptocurrency pairs to earn a profit for holders. The token has a fixed maximum supply of 280 million and follows a deflationary model, with 20% of all subscription fees being automatically burned, reducing the circulating supply.

Today, Newscrypto continues to provide a range of services, including charts, a coin calendar, and arbitrage features, all designed to support both novice and experienced traders. The platform's growth is driven by its community, and user satisfaction is a top priority, with rewards for staking and holding NWC tokens.

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How Newscrypto Coin works

The Newscrypto Coin (NWC) is the native token of the NewsCrypto ecosystem, designed to provide a comprehensive platform for cryptocurrency traders. Here's an overview of how it works:

Token Overview
  • Token Name: Newscrypto Coin
  • Symbol: NWC
  • Total Supply: 280 million NWC, with a deflationary model that reduces the supply through token burning.
Usage
  • Access to Platform: NWC is used to unlock access to the NewsCrypto online platform and mobile app, which offers educational resources, market tracking software, and entertainment features like crypto games.
  • Staking: Users can stake NWC to earn rewards and maximize their holdings. Staking is available on both the platform and the mobile app.
  • Transfers of Value: NWC is used for transferring value within the ecosystem and for awards to community members who contribute quality content.
  • Payment Gateway: NWC can be used as a means of payment through gateways like NOWPayments, allowing businesses to accept NWC for goods and services.
Tokenomics
  • Deflationary Model: 20% of all subscription fees are automatically burned by a smart contract, reducing the circulating supply and incentivizing early adopters.
  • Token Burning: NewsCrypto automatically burns 20% of NWC tokens, which helps maintain a limited supply and supports the token's value.
Security and Wallet
  • Native Mobile Wallet: NewsCrypto offers a non-custodial mobile wallet for securely storing, sending, and receiving NWC tokens. The wallet includes features like PIN, face ID, and fingerprint authentication for added security.
Community Focus
  • Community Rewards: Users can earn NWC tokens by posting high-quality content, fostering a community-driven ecosystem where users learn from each other and contribute valuable insights.
  • Self-Funded: NewsCrypto is completely self-funded, ensuring that everyone is incentivized to act in the best interest of the community and provide trustworthy content.

Overall, the Newscrypto Coin (NWC) is designed to create a comprehensive and community-focused ecosystem for cryptocurrency traders, with a deflationary model and token burning mechanism to support its value.

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Newscrypto Coin's strengths

The token Newscrypto Coin (NWC) has several strengths that make it a notable player in the cryptocurrency market:

  1. Comprehensive Trading Ecosystem: NewsCrypto offers a wide range of tools and resources for both novice and experienced traders, including indicators, educational materials, and social features. This comprehensive platform aims to provide everything a crypto trader needs in one place.

  2. Deflationary Model: The NWC token follows a deflationary model, where 20% of all subscription fees are automatically burned by a smart contract. This mechanism reduces the circulating supply, potentially increasing the token's value over time.

  3. Cross-Chain Compatibility: NWC is available on multiple blockchains, including Stellar, Ethereum, and Binance Smart Chain. This allows users to swap between different versions of the token on these chains, enhancing its versatility and accessibility.

  1. Community Focus: NewsCrypto incentivizes community members to contribute valuable content by rewarding them with NWC tokens. This fosters a collaborative environment where users can learn from each other and benefit from the ecosystem.

  2. Self-Funded and Independent: NewsCrypto is a self-funded project, independent of external capital. This ensures that the community is motivated to act in the best interest of the ecosystem, maintaining a high level of safety and trustworthiness.

  3. Utility and Value Transfer: NWC tokens have both utility and value-transfer functions within the network, facilitating transactions and providing access to premium services and features.

These strengths position Newscrypto Coin as a robust and community-driven cryptocurrency project with a strong focus on education, collaboration, and innovation.

Newscrypto Coin's risks

Newscrypto Coin (NWC) faces several financial risks that are inherent to the cryptocurrency market. These risks include:

  1. Market Risks: The value of NWC is determined by market demand and can be highly volatile, leading to significant price fluctuations. This volatility can result in substantial losses for investors if the market turns against them.

  2. Business Risks: NWC is not backed by any central authority, and its value is strictly determined by market participants. This lack of backing can lead to a loss of confidence, causing a collapse in trading activities and a sharp decline in value.

  3. Cybersecurity Risks: As a digital currency, NWC is susceptible to cyber attacks, theft, and fraud. Hackers can target exchanges, wallets, and individual computers to steal NWC tokens. Investors must rely on their own security systems and those provided by third parties to protect their assets.

  1. Competition Risks: The cryptocurrency market is highly competitive, and NWC must continuously adapt and expand its offerings to remain competitive. This requires significant investments in infrastructure and technology, which can be costly and may not guarantee success.

  2. Taxation Risks: NWC transactions are subject to various tax regulations, and non-compliance can result in fines and penalties. Additionally, the conversion and reporting of NWC transactions can lead to further business liabilities.

  3. Regulatory Risks: NWC operates in a largely unregulated environment, which can expose it to regulatory risks. Changes in laws and regulations can negatively impact the value and usability of NWC.

These financial risks highlight the importance of careful consideration and thorough research before investing in Newscrypto Coin (NWC) or any other cryptocurrency.

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Newscrypto Coin's ecosystem

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Newscrypto Coin’s team

  • Vid Gradisar: Founder and CEO of Newscrypto, an experienced cryptocurrency trader with a track record of success in the financial industry and a master’s degree from the Economic Business University Maribor.
  • Tilen Blatnik: Team member at Newscrypto.
  • Matic Tempfer: Team member at Newscrypto.
  • Anton Shemet: Team member at Newscrypto.
  • Luka Boškin: Head of Business Development at Newscrypto.
  • Elvis Rusjan: Marketing Executive at Newscrypto.
  • Urban Završnik: Chief Technology Officer at Newscrypto.

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