Internxt is creating an ecosystem where users can enjoy all the benefits of cloud services such as Dropbox or Google Drive, with the security and privacy they deserve. With X Cloud, files are end-to-end encrypted, split up into small bits and replicated in different nodes; and only customer stores his/her private key. X Cloud is incredibly beautiful, simple to use, redundant, fast and price-competitive.
Internxt’s token (INXT) is used as a means of payment to Hosts who participate in company’s X Core program. There are 629,000 INXT circulating. This supply is also INXT’s max supply since no more INXT will be generated. At X Core, Hosts can earn money by hosting small pieces of encrypted files. X Cloud customers pay Hosts, directly or indirectly, with INXT.
In the event that a customer decides to pay for Internxt’s services in fiat, the fiat is used to automatically purchase INXT at market price and is then sent to Hosts participating in company’s X Core program. Thus, directly or indirectly, customers require INXT to purchase Internxt’s services.
Internxt will eventually reserve a very small % (commission) from the transactions made, which will be used in improving company’s products and services. This follows a similar mechanism to the one companies like Airbnb or Uber have. INXT can currently be traded on CoinExchange, IDEX, Mercatox, and YoBit.