Cryptonex is a decentralized blockchain platform and cryptocurrency with various different features that utilize its blockchain to connect users. Some of the Cryptonex functionalities include an exchange, an instant payment platform, different mining pools, banking, and cryptocurrency debit cards. Users can use Cryptonex coins to earn a 12% annual yield through staking them on the Cryptonex blockchain’s Proof-of-Stake mining algorithm (Scrypt). There will be contests for the best mobile and website designs, as well as bug bounties and translations, in order to get the community involved in the project. Cryptonex seeks to be easy to use and attractive to users that are new to cryptocurrencies and blockchains.
Cryptonex (CNX) coins are used to pay fees for using the various features of Cryptonex, and they can be staked on its blockchain to confirm transactions and receive a commission.