Nucleus Vision NCASH to General Attention Currency XAC Exchange

Crypto Pair Details: NCASH to XAC

Nucleus Vision NCASH

Nucleus Vision, known as nCash was started in 2014. The idea behind the Nucleus Vision platform is to make shopping easier by using customer’s records to make precise decisions on product preferences utilizing the Internet of Things (IoT) without the use of WiFi or Bluetooth. The technology is being used by ten retail stores in India at present and also being backed up by relevant companies in the cryptocurrency and goods retail industries. For Nucleus Vision, it tends to entirely change the way merchants interact with customers/clients in physical stores.The platform also implements a much quicker and faster way of making financial transactions for a modern retail experience with the nCash token.

General Attention Currency XAC

The 2016 economic report “On the Value of Virtual Currencies” commissioned by the Bank of Canada, found three contributing components dictating a cryptocurrency’s exchange rate: The actual use of virtual currency to execute real payments. The decision of forward-looking investors to buy virtual currency (thereby effectively regulating its supply). The elements that jointly drive future consumer adoption and merchant acceptance of virtual currency. XAC Attention Addresses Attention Addresses are linked to AMARK consumer data and have specific rules enforced by the XAC protocol. There are two key functions of attention addresses: XAC-LOCK XAC-Lock is a feature that encourages continued consumer engagement with AMARK. The XAC sent to Attention Addresses is initially locked and becomes available after a maturation period. The XAC attention awards paid to consumers continually matures into availability as new XAC is earned from ongoing attention marketing. This process encourages engagement with AMARK as attention wallets will rarely have a zero XAC balance, giving consumers a consistent flow of value to spend within the ecosystem. XAC-BURN XAC-Burn is enforced at the protocol level. All transfers to Attention Addresses require 5% of the XAC transferred to be burned. The XAC -Burn feature is designed to align interests between merchants and consumers in the AMARK ecosystem. Anytime merchants use the AMARK platform for marketing, they are supporting the value of the XAC currency as protocol rules enforces a 5% burn. As such, merchants are effectively scaling the supply of XAC to match the demand from the ecosystem. This supply-side scaling mechanism will offset new coins introduced through block rewards and pressure the price of XAC to an equilibrium reflective of demand from the ecosystem.

SOURCE: COINGECKO

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