Nexalt

Nexalt (XLT) is a blockchain ecosystem that aims to reward users for introducing new users to the network. According to its whitepaper, Nexalt proposes a first-of-its-kind multi-level coin (MLC) mechanism. The mechanism is based on multi-level marketing and the decentralized nature of crypto.Using this technique, participants can easily increase their crypto earnings simply by expanding the Nexalt community and referring others to the platform.

In addition, Nexalt is created to solve common issues of blockchains such as lack of sufficient centralization and unstable scaling. Using the MLM (multi-level marketing) model, the Nexalt project aims to make payments safer and more comfortable by utilizing cryptocurrency technology while also offering incentives to expand the blockchain organically. Currently, the project is focused on resolving the problems concerning stability and centralization so that transactions are not hampered by monopolies held by third parties like banks and governments.

In particular, the project aims to resolve two primary issues:

In order to resolve the issues mentioned above, the project uses a hybrid model of proof of work and proof of stake. The objective of this hybrid model is to provide a simple way to unify the entire blockchain system and prevent centralization securely. Besides that, the project aims to blend blockchain technology and mass marketing. 

The symbol for Nexalt is XLT. The XLT token is rewarded to miners and users who introduce new users to the ecosystem. Nexalt also provides opportunities for staking. 

The Nexaltproject was launched in 2021, along with the launch of Android and iOS crypto wallets. The project seeks to enable smart contracts and shift from PoW to PoS.  

The team of Nexalt consists of Rana Muhammad Nouman as the CEO, Kamran Ismail as a senior developer, and various other members.