Introducing NuNet’s NTX Token on the Genius Yield Staking dApp
April 20th, 2023, Zug, Switzerland: Genius Yield, the all-in-one DeFi platform that combines concentrated liquidity DEX with an AI-powered Yield Optimizer, is thrilled to announce NuNet’s native token NTX has been added to the Genius Yield Staking dApp! This addition opens up new opportunities for users to earn rewards and participate in the NuNet project.
Built on Cardano, Genius Yield Staking dApp — part of the Genius Yield DeFi Platform — gives users the ability to earn passive rewards through staking their crypto assets.
NuNet: building a globally decentralized computing framework
NuNet is revolutionizing the cloud computing industry by building a globally decentralized computing framework that combines the latent computing power of independently owned devices worldwide. Through the NuNet Utility Token (NTX), NuNet creates a dynamic marketplace of computing resources, where owners of individual devices are rewarded for their contributions. Regardless of size, location, or ownership, NuNet connects these devices to a decentralized machine-to-machine marketplace, where software agents and their owners can search and find the most fitting and accessible hardware resources. NuNet is developing an open-source platform, protocols, open APIs, and blockchain integrations specifically designed to run complex geographically distributed computing workflows, IoT implementations, and business cases.
Staking NTX Token on the Genius Yield Staking dApp
NTX is a utility token of the NuNet platform, with a total supply of 1 billion. NTX is also a multi-chain token meaning that it has been minted both on Cardano (399m = 40% of the total supply) and on Ethereum (601m = 60%). Only CNTs — Cardano Native Tokens — will be accepted on the Genius Yield Staking dApp.
The main utility of the NTX token is to provide access to computing resources and services via NuNet and ultimately settle the transactions between all participants of a computational workflow provisioned via the platform.
We are happy to announce that NTX holders can also stake their Cardano Native Tokens in the Genius Yield Stake dApp to earn rewards. NTX holders will be able to enter into a locked, 3-month Staking Vault with 6% APY.
Please note the total number of NTX tokens, that can be staked on the Staking dApp, will be limited to 55m.
To access the NuNet project on the Genius Yield Staking dApp, NTX holders must create a Staking Vault by connecting a compatible Cardano Wallet: Nami or Eternl. The staking process is fully governed by a smart contract.
Both the Genius Yield and NuNet teams are excited about this collaboration and the addition of the NTX token to the Genius Yield platform. Our innovative projects share a common vision of driving the adoption of DeFi, blockchain technology, and utilizing AI to its fullest potential.
About Genius Yield
Genius Yield is the all-in-one DeFi platform, that combines concentrated liquidity DEX with an AI-powered yield optimizer, “Smart Liquidity Vault”, built from the ground up to fully benefit from Cardano’s EUTxO-based ledger, which would be accessible both to beginners and seasoned traders. Our solutions are practical and easy to use, allowing participants to reap the benefits of DeFi in a mitigated environment anchored on security, transparency, and automation.
Website | Telegram| Discord | Medium | Twitter | Reddit | YouTube | Instagram
About NuNet
NuNet lets anyone share and monetize their computing resources, turning cloud computing power from a centralized service into an open protocol powered by blockchain. Find out more via:
Website | Telegram | Discord | Twitter | Gitlab | Whitepaper | Youtube
