NXCT focuses on solving the data value discovery and revaluation of offline small and medium-sized enterprises, and is committed to building a distributed data trading platform to enable asset-based data information of small and medium-sized enterprises and to be circulated quickly, effectively and legally. The SDEP platform created by NXCT is based on blockchain technology and sandbox mechanism to solve information asymmetry problems. Smart contracts protect the confidentiality of transactions, and the voting system ensures the openness, fairness and transparency of transactions.

Project Vision

The potential market size of the digital economy is as high as tens of trillions of dollars. Perhaps the world's Internet giants occupy half of the data and information resources, but if the data information of offline small and medium-sized enterprises can be allowed to flow legally and effectively, then breaking the giant's monopoly is just around the corner. In the process of continuously promoting the assetization of data information in traditional enterprises, we believe that XChain can benefit a lot from its huge market size, and of course it will invisibly push the world into the digital economy era.

Project Economic Model

In the SDEP system, NXCT tokens are only used as consumption of SDEP platform services and rewards to users by the platform. They do not participate in the pricing and settlement of transactional goods. All transactional goods are settled in the local currency of the seller of the goods. The circulation of NXCT tokens is mainly as follows:
The seller of data will receive the NXCT token reward when it is connected to SDEP. The data trading market is a seller's market. Attracting comprehensive and high-quality data sources is an important task for SDEP. All high-quality data sources will receive a certain amount of NXCT tokens as rewards when joining the SDEP platform. The specific amount is determined by the quantity, quality and type of data sources.
The buyer needs to pay NXCT tokens to access the SDEP. As the biggest beneficiary in the data circulation link, the data buyer is the service object of the SDEP system. The number of NXCT tokens to be paid to access SDEP is floating, which is positively correlated with the total amount of data available on the platform, that is, the earlier you join the payment, the fewer NXCT tokens.
The data transaction process requires NXCT tokens. The SDEP platform provides technical support services to buyers and sellers, including protecting the privacy of both parties, data security, etc. Each order will charge a certain amount of NXCT tokens as a service fee. It should be noted that only the SDEP system service will consume NXCT tokens, and the data buyer and seller use fiat currency to price and settle the transaction content.
Users will receive a certain amount of NXCT token rewards when providing storage space and computing power to the data sandbox. Co-computed multi-source data will occupy a large storage space and computing resources. In this mode, data buyers and sellers consume more NXCT tokens than ordinary data distribution. Most of the NXCT tokens paid by both transactions are used to reward nodes that provide sandbox services, and the remaining small part is used as SDEP system service fees.
Data sellers will receive a certain number of NXCT token rewards when participating in the system's data quality assessment. Before a certain type of data seller is connected to the SDEP system, it needs to evaluate its data quality, and the evaluation process requires a certain amount of NXCT tokens as the evaluation fee. The more reference data for data quality evaluation, the more accurate the evaluation results are. The seller of the data that provides reference data will receive a certain amount of NXCT token rewards, the specific amount depends on the quantity and quality of its data.
Reputation and deposit mechanism in SDEP. The data seller on the SDEP platform has its own reputation value. When the data seller connects to SDEP, he will obtain an initial value. Each successful transaction will increase its reputation value, and the transaction will fail to reduce its reputation value. When the reputation value is lower than a certain threshold, the data seller needs to pay a certain amount of NXCT tokens as a deposit in each transaction and return it after the data buyer confirms that the transaction is successful, so as to prevent the data seller from providing false data to disrupt the market. When the reputation value of a certain data seller is below the system minimum, it will be permanently blacklisted and broadcast to notify all users in the SDEP system.

*The above content is compiled by the official account of non-small accounts. If reprinted, please indicate the source.