The crowd funding of NOXT, a colored coin project of NobleCoin founder Jason Curby raised 125 BTC so far. People who are interested in this asset can invest for five more days on Poloniex and the NXT market.
What is NOXT?
NOXT is a crowd funded coloured coin that aims to incorporate many market-expected features while having a game-plan of pushing the possibilities of coloured coins. You can find the whole whitepaper on the NOXT bitcointalk forum.
With NOXT it will be possible to pay your bills for electricity and other stuff in Australia via the NoblePay Service.
“The result is a colored coin that can be used for exclusive services, rewards and ecommerce. While developers and idealists often focus on the possibilities of decentralization and distributed autonomous corporations, we intend to focus on information and corporate systems running on top of blockchain technology.” – Jason Curby
So now you might ask yourself why you should hold Nobl and Noxt at the same time. Jason Curby answers this as follows:
“NOBL represents something completely different to NOXT. Think of NOXT as a ’business’ mini-project and NOBL as the decentralized currency that continues to distribute to its supporters. Internally, both coins will ultimately be able to be used on the same infrastructure, however NOBL has a more widely accepted code base and appears on more external services. NOBL will also always be the fuel that runs more of these projects in the future.”
After the crowd funding with Bitcoin on Poloniex and the NXT market there will be the ‚Noble burning‘ where interested people can buy NOXT with their NobleCoins. These Nobls will be burnt so the coin supply of Noble will decrease. With the actual 125 Bitcoins funded there will be 781 250 000 Nobles burnt.