A word from the CEO
Dear esteemed community,
I want to express my heartfelt gratitude to everyone for the confidence you have reposed in our organization. Before now, we were cash-strapped, but not anymore. Now that there are enough funds available, we will continue on our planned path to launch NEXT.exchange, NEXT.chain and PayAccept. Moving forward, we have created a developer roadmap so that you can see what the future holds for us. To bring you up to speed with what the team has done so far, we have moved to a new office building with enormous growth potentials in the middle of Eindhoven.
The Unicrypt Event
The ILO event on Unicrypt was a resounding success as we have acquired 941.255 ETH, 235% of our planned soft cap. 369,725 ETH were locked as liquidity on Uniswap. The remaining balance was transferred to Kraken under a stop-loss, converting it into a stablecoin to protect it from market fluctuations and finance product development, marketing, and exchange listing.
This will allow us to develop the complete ecosystem at full speed and apply for a leading exchange listing.
Currently, NEXT is traded on P2PB2B under https://p2pb2b.io/trade/NEXT_BTC/ (NEXT coin against BTC) and on Uniswap under https://app.uniswap.org/#/swap?inputCurrency=0x377d552914e7a104bc22b4f3b6268ddc69615be7&outputCurrency=ETH (NEXT token against ETH).
Read more about differences between NEXT coin and token on https://next-chain.medium.com/next-is-a-multi-chain-token-2883972fa0a2
This week, we have started negotiations with Kucoin, ProBit, Bilaxy, and Latoken exchanges to list NEXT coins and tokens. Our goal is to finalize the deal by the end of this month. We will keep you updated as soon as we reach the next milestone!
As a community-centric project, we endeavor to carry everyone along. In keeping with this tradition, we have decided to seek your opinion. So, which of these exchanges would you prefer for NEXT:
Unfortunately, Binance seems to be too competitive at the moment, but you can suggest other choices in the comments!
Our roadmap published on https://nextchain.dev/#roadmap is regularly updated. Expect an upgraded roadmap for NEXT — with a surprise or two — right at the beginning of the following week!
Scaling up the Ecosystem and Company
One picture tells more than a lot of words. NEXT.chain is a unique ecosystem where all aspects are filled. The above ecosystem is maintained and developed from our head office in Eindhoven, located on Emmasingel 33–35, located in the heart of Eindhoven — within a few minutes’ walk from the Central Station. In this building, we rent a 6-person fixed office for the upcoming two years, which can be easily expandable to create a workspace of up to 160 employees in a couple of years. If we grow too fast, we will move into a much bigger office.
Regarding our workforce, we intend to start the first interviews from our new office location on Friday, March 19, 2021, where we need to fill into following positions:
- Development team leader. The gateway between the internal and external developers.
- PHP developers. The internal developers will build and release the latest updates on all our platforms.
- Compliance Officer: The Compliance Officer is the gatekeeper between us and the authorities. The suitable candidate must have the necessary licenses in line with the relevant regulations.
- The marketing and social communications manager will be responsible for updating the community, social media, and press releases to ensure that we stay in the spotlight.
On Monday, March 15, 2021, an experienced CFO will join us. Upon resuming the position, she will expedite the process of acquiring the MFT and EMI licenses. These licenses will ensure the smooth delivery of all financial products (from credit cards up to IBAN/SEPA bank accounts for our customers) and prepare all legal documents for the regulatory authorities.
If you are interested in working with us, please don’t hesitate to contact us via email@example.com. We look forward to attracting the best talents in order to build a stable and profitable business in the fintech and blockchain industry.
Ramping Up Our Product Development
For the last few years, we have had a relatively small team. The team consisted of only a few developers, working relentlessly to build a decentralized exchange and blockchain. We have also developed an operational, stable, and instant transaction blockchain with 200+ masternode validators. The current market is ‘looking’ for a better solution to trade on a super-fast blockchain at almost zero cost. This is where NEXT.chain will move in. Much as we have a superb product, nobody will use it if nobody knows about it. On the other hand, it needs to be a straightforward solution so that third parties will also key into it. The bull market came while we had most of our products released during 2021–2022. Now that the sale has become a roaring success, we have revved up with more developers and signed a long-term partnership with Hiddenbrains. Hiddenbrains is an IT development agency with over 400+ developers, which we can play a key role in our effort to improve our coding framework. With 17 years of experience, 2400+ global clients, and 11 awards, we are sure that all developments are in good hands! Best of all, they already started!
Our Unique Proposition Covered by Licenses
We want to be unique, not a copy or clone of something. Plus, we see several lookalike crypto projects entering the market. However, we want to build a complete and sustainable ecosystem capable of solving the current market’s issues. Cryptocurrency and digital assets can no longer be seen as a niche market. Sadly, banks are still skeptical about accepting cryptocurrencies and turn down crypto-trading customers. The good thing is, we have positioned NEXT to become a total game-changer. We choose to operate from the Netherlands and not move to some exotic location or somewhere far away to safeguard future operations. It’s all in our vision to become a prominent European fintech and blockchain company. Therefore, we need to showcase ourselves as a professional company.
To get our all-in-one ecosystem up and running, we have to operate within our regulatory confines. For example, to trade fiat <> crypto, we need to get a crypto license from the Dutch National Bank. In a similar vein, a multilateral trading facility (MFT) license for trading securities is a must-have. For those unaware, an MTF is a European regulatory term for a self-regulated financial trading venue. These are alternatives to the traditional stock exchanges where a market is made in securities, typically using electronic systems. Last but not least, our team needs to obtain an Electronic Money License (EML).
Electronic Money Institutions are mandated to provide financial services to third parties and store their funds on special segregated accounts. Being more agile and fast in their operations, EMLs are a great alternative to traditional banks.
With all these licenses in place, we will have a tremendous competitive advantage over other blockchain-based cryptocurrency companies.
Thanks to the success of the NEXT ILO event on Unicrypt and Uniswap listing.