Netkoin Liquid

Value Proposition

Netkoin proposes an ecosystem designed to change the way customers perform their shoppingand help businesses to advertise and drive customers to their stores. The Netkoin ecosystem
includes:

● NTK token: The Netkoin token will be used to power the universal reward system in Netkoin’s location based mobile application and business management platform.
● Customers: Providing customers access to local trends, promotions, deals and rewards based on their current or any location. Enabling customers to become aware of social media posts and trends from businesses around them.
● Retail business owners: Affordable and more effective advertising, enabling businesses to target nearby shoppers with incentives to visit their stores.

Token Standard

LIQUID is a ERC20 token which operates on the Ethereum blockchain.

LIQUID Token Use Cases

These are the use cases currently being considered and under development:

Use Case 1 – Peer to Peer Transaction
LIQUID Token can be used and exchanged between peers and holders of LIQUID tokens using Netkoin’s wallet or any compatible ERC20 Ethereum wallet.

Use Case 2 – Reduced transaction fees
Based on the amount of LIQUID a user is holding in Netkoin’s location-based advertising mobile application the user will have lower transaction fees when claiming the NTK tokens they have collected within Netkoin’s mobile app. The transactions fees are paid with NTK tokens. The more LIQUID a user holds in their wallet the lower the NTK fee will be when claiming their NTK tokens

Use Case 3 – Staking rewards
Through Netkoin’s location-based advertising mobile application, Netkoin holders will be able to stake their NTK. Based on the amount of NTK a user has staked, they will receive LIQUID as a reward. The staking mechanism will be powered by a smart contract via the Ethereum blockchain. A detailed overview of the staking system and functionality will become available as the development team continue to progress.