Hello team, i have a question. Can you explain to me what's the advantages for NTS Holder? or give me a reason why i have to hold NTS in my wallet? thanks
Hi there and thanks for your question! The NTS token is a "utility token" that will have several usages within our Financial Services ecosystem.
Discounted trading fees (50% off) is one benefit of holding and using NTS.
Free Global KYC and ID Verification services is another.
Additionally, our Merchant Payment Services and Ecommerce Platforms will also employ the NTS token as a utility/payment token.
In essence, the NTS token will underpin the entire ecosystem, so holding and deploying the token across the ecosystem is beneficial for users as it provides both access to and, at times, discounts on, our services.
The benefit you will experience will be as a USER of the platform. Hence, the utility nature of the token.
To recap:
Benefit #1: reduced trading fees with NTS.
Benefit #2: ultra low listing fees for ecommerce merchants.
Benefit #3: ultra low cost transactions for Merchant Payment Processing (another area that kills merchants with high fees). Plus no more chargebacks! (That in and of itself is HUGE for merchants.)
Benefit #4: Global KYC Identification Verification Services FREE for holders of 10K+ NTS tokens.If you see NO benefit to using the platform, i.e.:- you're not a cryptocurrency trader who'd like discounted fees,
- you never foresee sending money to anyone across the globe,
- you never foresee selling anything as a merchant online or buying anything online as a purchaser,
- or you never foresee needing Global KYC Identity Verification Services for free,
then maybe this isn't a good fit for you.
For a comparative analysis to similar-type tokens, I would refer you to pages 13-22 of our whitepaper, so that you are able to conduct your own due diligence and evaluate the utility of the NTS token against your own personal needs.
www.nauticus.io/whitepaper