Home News Nexum launches NEXM utility token specifically for the shipping and oil financing industry

Nexum launches NEXM utility token specifically for the shipping and oil financing industry

by Mikael Harris
2 views
Nexum launches NEXM utility token specifically for the shipping and oil financing industry

Dubai, UAE, Jan 14, 2022 – (ACN Newswire) – Nexum Foundation has successfully launched its utility token NEXM o the Decoin exchange on January 5, 2022. On the first day of trading, the token price reached USD 0.132, representing a 116% increase. This launch makes Nexum the first blockchain-based platform in maritime financing to publicly trade its cryptocurrency.

Nexum is a blockchain-based fintech platform built to provide funding securely and efficiently to traders in the shipping and oil industry. Nexum Coin (NEXM) is the platform’s dedicated ERC20 utility token, which traders and other maritime ecosystem participants must use to receive funding in order to obtain access to services offered by the platform.

NEXM token is under the auspices of Nexum Foundation Ltd. in Singapore. The foundation aims to promote changes in the capital allocation process in the maritime industry. Nexum brings transparency, efficiency, and accountability to an industry responsible for hundreds of billions of cross-border payments and money transactions.

Nexum incentivizes the adoption of blockchain technology and crypto payments by the maritime ecosystem. Shipping is a fragmented and opaque industry that naturally lends itself to crypto applications. Its multijurisdictional and multicurrency nature provides a fertile environment for token utilization that will make cross-border payments and remittances quick and efficient.

Nexum’s vision is to form the backbone of tokenization in shipping transactions. By utilizing blockchain technology and big data clusters, Nexum will drive performance and credit-risk-related assessments on a per vessel/ship-manager basis. Nexum uses a data-driven approach which analyzes and predicts trade flows and world economic activity on a macro level.

The foundation is planning to list NEXM on all major exchanges in the first semester of 2022. 80% of proceeds are directed towards asset-backed financing in a 250Bn industry with only 5Bn tokens.

The Nexum community is global and growing rapidly. From the UAE to the USA, Europe, Australia, and China, we are growing stronger and more disruptive as the token reaches the largest exchanges in the months to come.

Join NEXM in this journey of growth, innovation, and technological excellence.

Social Links:
Twitter: https://mobile.twitter.com/coinnexum
Telegram channel: https://t.me/nexum_official
Telegram group: https://t.me/CoinNexum

Media Contact
Nexum Foundation : NEXM
Kristiana Ndreka, Chief Investor Relations Officer
E-mail: [email protected]
Website: https://www.nexum.ai

SOURCE: Nexum


Topic: Press release summary


Source: Nexum

Sectors: Crypto, Exchange


http://www.acnnewswire.com

From the Asia Corporate News Network

Copyright © 2022 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Source : ACN Newswire

Related Articles

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

NEWS7.ASIA :Nexum launches NEXM utility token specifically for the shipping and oil financing industry
https://pushkarfair-india.com   https://www.bouees-et-matelas-gonflables.com   https://deguise-moi.com   https://bijouxclassique.net   https://www.euronews.biz  
--
Men’s Swimming & Diving Conclude Their Opening Meet With Ten Event Wins *  Baguette télécommande universelle d’Harry Potter *  Romantische Stücke für Violine und Klavier op. 75 *  La petite sirène: Les plus beaux contes pour enfants *  CosPrincely Slip de Bain Homme Maillot Boxer Shorts Sport Plage Surf Court *  * Ladeheid T-Shirt Thermique Manches Longues sous-vêtements Femme LASS0014 *  SEMAINE OLYMPIQUE ET PARALYMPIQUE. Comment Paris-2024 fait bouger les enfants *  https://www.intellinews.org   https://www.maquillages.info/   https://www.cap-neree.fr   https://www.sports365.info/   https://letter-templated.org   https://www.climatiseurs-et-ventilateurs.com   https://lenoblebricoltout.fr   https://www.operas.biz/   https://www.puzzlee.org/   https://paris-restos.com   https://www.claudedesplas.com/   https://www.enigmesghisdiem.fr   https://www.les-maillots-de-bain.com/   https://shop.mgfetes.fr   Nexum launches NEXM utility token specifically for the shipping and oil financing industry : news7

news7.asia Nexum launches NEXM utility token specifically for the shipping and oil financing industry