What is NewsCrypto (NWC)?
The NewsCrypto token (NWC) is a utility token that powers the NewsCrypto ecosystem. NewCrypto is an all-in-one trading ecosystem primarily offering educational and trading tools for traders of all levels of experience. In essence, the platform is an integrated suite, combining data on the digital token market, educational content, and social features. NewCrypto contains professional analysis tools for crypto trading, a payment system, an advertisement system, and community-focused social aspects. Educational tools of the project include NewsCrypto Academy and Unchained Education hub.
NewsCrypto incorporates a variety of DeFi protocols. Its most notable on-chain protocol is the Stellar-Polygon Bridge. This product allows users to swap Stellar Lumen to Polygon to benefit from Polygon’s rapidly growing DeFi ecosystem. However, the project still has much more key products on its roadmap. Besides, it is planning to build a crypto trading platform that supports Copy Trading.
Also, note that NewsCrypto has a mobile app that serves as an extension of the tools on the platform. The app offers users additional tools such as gamification and trading alerts. Moreover, the mobile app allows users to safely store, receive, and send NWC tokens on a peer-to-peer setup.
NWC is the native token of the NewsCrypto ecosystem. NewsCrypto coin was originally built on the Stellar blockchain. However, later, it was also made available on Ethereum, Binance Smart Chain (BSC), and Polygon. You can view the NWC price on the NewsCrypto price chart above.
Use Cases of NWC Tokens
Primarily, the NWC token acts as a multi-functional means of payment for the NewsCrypto ecosystem. For instance, token holders can use NWC coins to pay membership fees to access tools and information. Moreover, its utility includes providing access to various premium features of the NewsCrypto protocol.
Besides that, NWC crypto assets also support the reward and incentive systems on the platform. This means that NewsCrypto users get rewarded in NWC tokens.
Lastly, NWC is a governance token. Holders can stake the coins and earn the right to vote on proposed changes to the project’s operation and features.
Planning to buy NewsCrypto coins? Firstly, it would be wise to analyze the NWC price to ensure you are making an informed decision. Cryptocurrencies are highly volatile, hence, blind trading may lead to losses. You can check the NewsCrypto price history on its live chart above.
Who Founded NewsCrypto?
NewsCrypto was founded by Vid Gradisar in 2017. Gradisar is deeply knowledgeable and experienced in information technology and cryptocurrency trading. He has worked with various companies in the financial industry, maintaining a clean record of accomplishment. Other team members include Elvis Rusjan (marketing executive), Urban Završnik (CTO), and Luka Boškin (head of business development).
Tokenomics of NWC
NewsCrypto has a maximum supply of 280 million NWC. The NewsCrypto team built and designed the NewsCrypto model with deflationary features. This project automatically burns 20% of NWC tokens received from membership fees. The deflationary feature stabilizes the demand for the token. Consequently, the NewsCrypto price remains relatively stable as well.
