Quote from: PontiacCrypto109 on July 23, 2019, 01:24:43 PM

Quote from: CryptoNinja22 on July 23, 2019, 10:27:54 AM

Quote from: Sergei.Gerasimenko on July 23, 2019, 09:01:56 AM

Quote from: CryptoNinja22 on July 23, 2019, 07:44:35 AM

Information :

NairaX ICO information listed on ICObest

Why do you think this token would be better than USDT? Is NGN is more stable, than USD? This project is under the government of Nigeria?

Hi Sergei. Thanks for your question.

Actually, NairaX is backed against the Nigerian Naira, in the same fashion where the USDT is backed against the USD.

The major focus of NairaX isn't about ONLY becoming stabler than the other respective stable coins, but mainly to give members of the public (firstly within Nigeria) a cryptocurrency of value which can be used, saved & traded with, without having to fear for devaluation by the government of Nigeria. More information on our whitepaper 1.0

Our Nigerian currency (Naira) has been unstable for years, owing to failure by our govts to uphold its real value. Other factors that have induced this negative effects came from intentional attempts by the administration to indirectly devalue the Naira's value against the USD for "selfish" gains (by those who store thier assets in foreign fiat currency). We at NairaX have come to thwart such negativity in the favor of the common citizens, who are barely trying to survive and help new SME's and upcoming businesses get value for money. This is one of the reasons why we have opted to also develop our very own eCommerce platform, which is set to be unveiled between Q4 2019 - Q1 2020.

That being said, NairaX is not totally overseen by the Government of Nigeria, but our assets have been partly backed/sponsored by notable private financial bodies/investment houses within Nigeria who are currently looking into adopting the system of cryptocurrencies as a an actual store of value. This alone keeps our asset "NIRX" as stable as it can every humanly be, because we have reserve funds and sponsorships to keep it this way forever. Additionally, we have only provided 35% of our total supply for both ICO and IEO to maintain full control over our network.

I am always available for more of your questions. Please feel free to ask me more.

Thank you.

Interesting feedback. Hmm

OH YES INDEED SIR