Cryptocurrency
Kolkata/IBNS: Kolkata-based Netwood Entertainment Industry (NEI) recently introduced NEWOCOIN - a next gen de-centralized token with a total supply of 999 billion tokens.
The company’s founder and CEO Rakesh Banerjee said, "NEWOCOIN is a next-generation decentralized token offered by NEI for all types of services catering to the growing world of digital artists, content creators, collectors, e-commerce, digital news services, and gamers.”
According to a release by the company, NEWOCOIN is a token created by NEI to govern the ecosystem of the entire platform from Cryptocurrency exchange to the multi utility application - Newo App.
The company said its primary aim is to offer a connected purchase experience throughout its product ecosystem.
That way the cryptocurrency is deeply integrated into its products and the value of the token increases because of its utility the release said.
NEWOCOIN and the corresponding token creation process will be issued by NEI, and will be organized around Binance Smart Contracts in Blockchain technology, according to the release.
According to Banerjee, NEWOCOIN is also traded on the cryptocurrency exchange and customers can easily buy or sell the token.
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