Reason and purpose of our IEO

Initial Exchange Offerings (IEOs) are a democratic and legitimate method for decentralized project financing. IEOs are hosted by digital asset exchange platforms that assist with marketing, investor onboarding and managing the crowdfunding process. In general, IEO’s carry a greater sense of trust and security.

For the NEXT IEO, we will utilize our own launchpad, NEXT.genesis, in combination with the P2PB2B digital asset exchange.

The goal of our IEO is to acquire funding to amplify our operations in terms of development power, build upon the products outlined within this post, and scale our operations to move forward in achieving our business goals and generating revenue at a faster pace.

Tokenomics:

The supply of circulating NEXT is currently around 4,000,000. The maximum supply is 30,300,000 and will be reached through mining (PoW) and staking (PoS) over a period of 15 years.

Note: One NEXT Masternode requires 25,000 NEXT. The Masternode network counts more than 100 nodes as of now, meaning that more than 2,500,000 NEXT is not in active circulation. There is no lock in place on Masternodes. However, withdrawing one’s Masternode collateral resets the seniority bonus (distributed every 125 days +/-) entirely.

NEXT has both a marketing and development fund, which will be used to build and promote the company respectively over the course of the next several years.

We have reserved 2,500,000 NEXT from the team development funds for our IEO.

NEXT IEO Information:

Lightpaper | One-Pager | IEO Lightpaper

Start Date: January 20, 2020.

End Date: February 28, 2020.

NEXT available for sale during IEO: 2,500,000 NEXT (split across two IEO Launchpads).

Private distribution or OTC deals: None, we have rejected all OTC requests over the last two years.

Approximate targets and allocation of funds:

Onboarding of additional developers (6): approximately 500,000 EUR/year. (soft cap)

Acquisition of EMI (Electronic Money License) to provide our users with access to traditional banking infrastructure: approximately 750,000 EUR.

Acquiring applicable regulatory licenses for continuous operations: 50,000EUR

Acquisition of data center in the Netherlands for mining, scaling, and data operations: approximately 1.2M EUR, 500,000 EUR of which is used to acquire physical data center facility (real estate).

Partial acquisition of licensed stock exchange broker with applicable licenses: approximately 500,000 EUR, which will provide us with the ability to onboard securities and trade traditional financial instruments.

Further expansion and regional official launch in Russia, the USA, the Middle East, and Asia.