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Today, countless modes of payment exist. These basically include centralised payment options available in form of physical or digital assets which individuals have chosen as a store-of-value; all mostly at risk of being manipulated or mismanaged.

NIRX BLOCK PAYMENT SYSTEMS brings recent cryptological advancements in African and global eCommerce to change the face of commerce forever. This channel will hereby serve for our Offical Announcement page on Bitcointalk.


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ABOUT US

NIRX (NairaX) was developed as the first viable product from NIRX BLOCK PAYMENT SYSTEMS which is incorporated and registered in Nigeria [RC2903759]. "NIRX" is a stable utility coin which will power NairaX's currently developing crypto-payment processor with additional plans to be integrated across major eCommerce platforms in Nigeria, Africa and then the entire Globe; as a move towards the general adoption of "NIRX" in eCommerce marketplaces.

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Through the NairaX's crypto payment processor, otherwise known as "NairaX's MVP Webwallet", NIRX holders will be able to exchange goods and services on our personalized eCommerce platform. Our platform will allow for acceptance of payments with FIAT (at the local level), NIRX, Bitcoin, Litecoin and lastly Ethereum. As expected, payments that complete orders with NIRX will attract bonuses and off prices for services offered on platforms that will use NIRX as a payment option.


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NairaX is backed by the Nigerian Naira (NGN) (and notable financial bodies within Nigeria) on a 1:1 ratio in the equivalent amount of its corresponding FIAT value. At any given point in time, NIRX will either remain equal in this ratio or surpass its FIAT equivalent in real time value. This is a breakthrough in Africa and for the the globe in entirety. NairaX (NIRX) will become a symbol of value to initially stabilise the value of the Nigerian Naira (NGN) and also various cryptocurrencies used to facilitate exchange of goods and services on the NairaX eCommerce platform.



OVERVIEW

Asset backed cryptocurrencies like "NIRX" were initially popularized by the Bitcoin infrastructure, now many stable coins have been successfully developed on the Ethereum blockchain base. This owes to the potential which has been shown by Ethereum as not just being a virtual cryptocurrency, but also serving as the most reliable foundation for anchoring decentralized apps and additionally providing secure fintech based services. This is with an inclusion to qualities such as;

1). Immunity from Legacy banking systems
2). Low transaction Cost
3). Pseudo-anonymity
4). Convertibility and Many more.


The main objective of NairaX (NIRX) as a company, is to firstly test run NIRX’s performance in African and global commerce as a valid cryptocurrency for the exchange of good/service. Subsequently, at adoption of our system, NairaX will be integrated as a payment processing system in many popular e-commerce platforms. This will be a major driver for adoption of cryptocurrencies in general eCommerce as well as within Fintech on the global level.

According to Statista, in 2015 eCommerce sales amounted to 342.96 billion US dollars and are projected to surpass 600 billion US dollars in 2019. Total retail eCommerce is projected to generate over 2.2 trillion U.S. dollars in global revenue by the end of 2019.

These figures clearly explain the power of the eCommerce industry, especially as a tool for bolstering adoption of a cryptocurrency in other fintech based sectors.

NairaX will have various advantages over FIAT based eCommerce systems with the following:
1).  An online verification system for all users of the NairaX platform. This applies especially to the sellers; to checkmate the validity of product offered on the NairaX eCommerce platform.
2).  Availability of robust customer care channels to effectively listen and attend to our userbase, handling complaints appropriately.
3).  State-of-the-art purchase cart and checkout designs, which will be mainly based on user data retrieved from surveys.
4).  Monthly rewards for customer loyalty, and;
5).  Advanced user-friendly return-refund systems guided by well-articulated escrow systems, which ensures that both sellers and buyers have free advisory to effectively guide in dispute resolutions.

Currently, one of the most predominant issues experienced within both traditional commerce, is the fall of a currency’s value over time. This is more predominant for third world countries. Consumers can barely purchase anything tangible for the value of a dollar. In the past, FIAT was a currency that had valuable purchasing power with a limited amount to go around. Fast forward to this current century, we see many individuals unable to get tangible value for physical money, making it difficult saving FIAT.



OUR MODEL

NairaX (NIRX) provides a unique model which smartly creates an ecosystem that preserves NIRX’s value and never encourages inflation. This will now make it possible for consumers to save money in form of NIRX.


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As we know, Fiat is the foundational currency which the society operates with on a daily basis. NairaX (NIRX) hopes to provide a backed, stable, reliable, cryptocurrency to enable seamless transactions, whether locally or globally. This is in inclusion to an availed opportunity to make profits in physical and digital value of NIRX coins held, by staking NIRX via our POS (proof of stake) system.



"OH THIS IS ALL SO INTERESTING. PROBABLY TOO GOOD TO BE REAL."

Yes. That’s probably your gut speaking…

NairaX is not only becoming the primary cryptocurrency utilized for transactions on both the NairaX eCommerce platform and other eCommerce platforms all over the world, but also becoming the most patronized payment system on the globe. NairaX as a company is bringing an entirely new super model to the eCommerce marketplace. it’s clear that NIRX will be the easiest, fastest, and most secure method for transacting business in the future. Our marketplace will also showcase local/global store directories that are already accepting NIRX as a form of payment.

Users of our service will also not need to keep track all of transaction invoices, as all transactions can be viewed or queried on the blockchain for any form(s) of reference. To further realise this: NairaX hopes to migrate to its patent blockchain infrastructure at full adoption.

                                                

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CASHDROP CAMPAIGN

Our Cashdrop Campaign will be kicking off on 22/07/2019. 10,000 or more bounty participants will be availed an opportunity to claim 1000 NIRX coins each for free.


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JOIN THE CASHDROP CAMPAIGN FROM 22/07/2019 AND CLAIM YOUR NIRX COINS.

CLICK HERE NOW TO VISIT OUR BOUNTY PAGE



COIN DETAILS AND DISTRIBUTION

Contract Address: 0xf0ccca32cd300356629216eb301ec6649c7c6adb
Ticker: NIRX
Decimal: 18
Total Supply: 10Billion

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ICO and IEO Campaign

NairaX ICO and IEO Sale, has been fashioned out to achieve a fair outcome for all participating investors. Coin price has been agreeably set in relation to the price of the Nigerian Naira (NGN) against the United States Dollar (USD) OR otherwise the NGN/USD pair.

The first event featuring the ICO PreSale is scheduled for the 31st of August 2019, with full expression of interest phase (IEO CrowdSale) starting on the 2nd of October 2019.

At the start of the IEO event, we’ll focus on dual concerns which will be treated as top priority to guide the purchase of NIRX coin in a fair manner. They are:

1).  Provide an equal opportunity asset distribution of up to 38% of the total public supply of NIRX to a wide range of our community members.
2).  Limit purchasing power per individual.

Like many other successful crypto projects, the NairaX company trusts to generate support from the community by demonstrating alignment with all these principles.

In order to generate multi-bilingual support, the IEO Crowdsale will be open to investors in any part of the globe excluding US. The PreSale ICO on the other hand will be open to preselected countries ONLY, with limited provisions made for volume-based discounts.
The IEO CrowdSale will be hosted on at least two (2) prominent crypto-exchange platforms. In due time more details will be disclosed, to curb monopolistic attempts.

The CrowdSale will be availing two major payment options. which are:
1).  Naira
2).  USD (ETH, LTC, and BTC)

To ensure the sale events are carried out with extreme care, purchased coins will be distributed ONLY after the Sales. A minimum Soft-Cap of $10,000,000 USD will be applied to the sale, alongside a Hard-Cap of $15,000,000 USD.


Note: Unsold coins will be scheduled for a coin burn right before exchange listings; to manage NIRX coin’s value in real time.



NAIRAX IS ALREADY FEATURED ON....





DO YOU LIKE WHAT YOU SEE?


Kindly visit our webiste and our social channels for full updates:





You can E-mail Us for Enquiries: hello@nirxblock.com

OR

Call Us: +2348162115488






Thank you for you time & best of luck


All project references found within our whitepaper

Copyright, NairaX©

Good Morning Bitcointalk,

We are now a few hours away from closing down the 7% bonus schedule. For the next 13hrs you can claim bonus tokens when you participate in our ongoing tokensale. Best of luck and kind regards.

Cashdrop I is completed, While Cashdrop II runs up until 28/08/2019 before the commencement of the ICO.

Hi All,

I bring you good news.

The commencement of our cashdrop program has been shifted backwards from 31/07/2019 to 22/07/2019 (https://www.nirxblock.com/cashdrop). We made the modification based on demand from prospective investors on ICObech and ICOholder. We invite all interested participants to take advantage of the cashdrop. The gateway to be opened at 12:00 GMT time.

Don't miss it. Cheers

Keep being happy for NIRX. Your real smile gets better soon

Thanks alot sir. 

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.  

Even in Nigeria, cryptocurrency is associated with banks. Well done for doing this. But in Russia they are trying to ban cryptocurrencies and blockchain in all ways. You can't steal. how things will develop

Even in Nigeria, cryptocurrency is associated with banks. Well done for doing this. But in Russia they are trying to ban cryptocurrencies and blockchain in all ways. You can't steal. how things will develop

Hi All,

I bring you good news.

The commencement of our cashdrop program has been shifted backwards from 31/07/2019 to 22/07/2019 (https://www.nirxblock.com/cashdrop). We made the modification based on demand from prospective investors on ICObech and ICOholder. We invite all interested participants to take advantage of the cashdrop. The gateway to be opened at 12:00 GMT time.

Don't miss it. Cheers

Bitfinex  was hacked  and kind of paid off  the debt.  So you are very vulnerable to hacking.


@ op    by USA tax law mining is not  passive income it is active.  I do not know any laws in other countries.

Didn't you do a video like this about a year ago when mining wasn't profitable anymore? I remember you telling people to stake instead.

I haven't had time to watch this video so I don't know if it has more ideas this time but I am assuming its talking about staking.

The issue with staking and running masternodes is that you are paid in the alt-coin, and that alt-coin value can drop with respect to Bitcoin or Fiat, so its not really considered passive income since you can lose money.

Like I said about a year ago, the only way to make passive income on Cryptos aside from mining is lending out your cryptos. You can lend them on Bitfinex and you get a decent rate for your BTC, ETH, Tether, etc.

Trading is not considered passive since most will lose money that way.

By the way, cool E30 M3 shirt.