Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
NexQloud (NXQ) Token Now Trading on BitMart: Decentralized Cloud Startup Boosts Access

NexQloud (NXQ) Token Now Trading on BitMart: Decentralized Cloud Startup Boosts Access

CoinEditionCoinEdition2025/02/24 16:00
By:Peter Mwangi

NXQ listed on BitMart, boosting liquidity and accessibility for global investors. NexQloud’s decentralized cloud infrastructure aims to disrupt the $1 trillion market. NXQ’s deflationary model and Layer 1 blockchain provide long-term value and efficiency.

  • NXQ listed on BitMart, boosting liquidity and accessibility for global investors.
  • NexQloud’s decentralized cloud infrastructure aims to disrupt the $1 trillion market.
  • NXQ’s deflationary model and Layer 1 blockchain provide long-term value and efficiency.

NexQloud , a decentralized cloud computing startup, has now officially listed its NXQ token on BitMart. 

The listing, which happened on February 21, 2025, at 8:00 AM UTC, means NXQ can be traded against USDT.

BitMart Listing to Improve NXQ Liquidity Reach

This step ramps up NXQ’s liquidity and accessibility, making it easy for investors to get involved in NexQloud’s decentralized cloud network. 

Plus, NexQloud’s BitMart listing strengthens its position in the $1 trillion cloud computing sector, which is usually run by centralized corporations. 

Decentralized Cloud Sector Growth Potential

Since the industry is expected to expand to $1.2 trillion by 2030, NexQloud’s decentralized cloud network powered by its Layer 1 blockchain aims to build more powerful and cost-effective cloud services.

Mauro Terrinoni, the CEO of NexQloud, stated that the BitMart listing is not just a move for the company but also a gateway for global investors to participate in the decentralized cloud revolution. 

In Terrinoni’s words, NXQ is more than just a token; it acts as a bridge connecting the crypto world with the real economy. 

Deflationary Token Model for Long-Term Value

NXQ uses a devalued economic model like Bitcoin, with a circulating supply of just over 1 million tokens. The token has a fixed daily emission of 3,600 NXQ, with a halving cycle every four years. 

This model helps keep supply limited and ensure long-term value by decreasing the rewards per server as more NanoServers join the network. 

NXQ: Layer 1 Blockchain for Scalable Computing

Importantly, NXQ is one of the few genuine Layer-1 blockchain tokens, providing a decentralized computing network that delivers up to eight times the processing power for the same price compared to traditional cloud providers.

Related: SunPump and BitMart Team Up to Expand Meme Coin Market on TRON

This status makes NXQ an important asset for decentralized applications, giving it a competitive edge in the DeFi and Web3 sectors. 

Market Data and Performance Overview

Despite its listing on BitMart, NXQ has recorded a decline of 6.07% in price, trading at $132.56 at the time of writing. 

Also, the market capitalization is currently at $2.77 billion, while the trading volume has gone down by 1.38%, totaling approximately $842.98 million over the last day.

NexQloud (NXQ) Token Now Trading on BitMart: Decentralized Cloud Startup Boosts Access image 0 NexQloud (NXQ) Token Now Trading on BitMart: Decentralized Cloud Startup Boosts Access image 1 Source: CoinMarketCap

The circulating supply is reportedly 21 million NXQ tokens (mirroring BTC), with information yet on the maximum supply. Even with recent market fluctuations, the token’s overall stability suggests ongoing investor interest.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!