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.
Proof of Work (PoW)
Delegated Proof of Stake (DPoS)