NXCT focuses on solving the problem of data value discovery and revaluation of offline SMEs, and is committed to building a distributed data trading platform, so that the data information of SMEs can be capitalized and circulated quickly, effectively and legally. The SDEP platform created by NXCT is based on blockchain technology and a sandbox mechanism to solve the problem of information asymmetry. 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 information resources, but if the data information of offline small and medium-sized enterprises can be legally and effectively flowed , then breaking the monopoly of the giants is just around the corner. In the process of continuously promoting the capitalization of traditional enterprise data information, we believe that XChain can benefit greatly from the huge market size, and of course it will virtually promote the world to enter the era of digital economy.

Project economic model

In the SDEP system, NXCT tokens are only used as consumption of SDEP platform services and platform rewards to users. They do not participate in the pricing and settlement of traded commodities. All traded commodities are settled in the local currency of the commodity seller. The circulation of NXCT tokens mainly has the following methods:
Data sellers who access SDEP will get NXCT token rewards. The data trading market is a seller's market. It is an important task of SDEP to attract comprehensive and high-quality data sources. All high-quality data sources joining the SDEP platform will receive a certain amount of NXCT tokens as rewards. The specific amount depends on the quantity, quality and type of data sources. Decide.
Data buyers need to pay NXCT tokens to access 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 that need to be paid to access SDEP is floating, which is positively related to the total amount of data available on the platform, that is, the sooner you join The less NXCT tokens are paid.
The data transaction process requires NXCT tokens. The SDEP platform provides technical support services for both buyers and sellers, including protection of privacy, data security, etc. Each order will charge a certain amount of NXCT tokens as a service fee. It should be noted that only SDEP system services will consume NXCT tokens, and data buyers and sellers use legal currency to price and settle transaction content.
Users who provide storage space and computing power for the data sandbox will be rewarded with a certain amount of NXCT tokens. Collaborative computing of multi-source data will take up a lot of storage space and computing power resources. In this mode, data buyers and sellers consume more NXCT tokens than ordinary data distribution. Most of the NXCT tokens paid by both parties are used to reward the sandbox The service node, the remaining small part is used as SDEP system service fee.
Data sellers who participate in the data quality assessment of the system will receive a certain amount of NXCT token rewards. Before certain types of data sellers access the SDEP system, they need to evaluate their data quality, and the evaluation process requires a certain amount of NXCT tokens to be paid as an evaluation fee. The more reference data for data quality assessment, the more accurate the assessment results will be. Data sellers who provide reference data will receive a certain amount of NXCT token rewards, and the specific amount depends on the quantity and quality of their data.
Reputation and deposit mechanism in SDEP. The data seller on the SDEP platform has its own reputation value. When the data seller accesses SDEP, it will get an initial value. Every successful transaction will increase its reputation value, and the transaction failure will 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, which will be returned 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 a data seller's reputation value is lower than the system minimum, it will be permanently added to the blacklist and broadcast to all users in the SDEP system.

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