Trending 
Trending
Copied ₹8.46
₹8.46
Market Cap
₹5.78 B 11.7918%
Circulating Supply
791259000
Max Supply
850000000
Volume
₹41.89 M
All Time High :
₹23.85
All Time Low :
₹3.47
Price change in 24H :
₹0.771287
24H High :
₹7.41
24H Low :
₹6.51
Net Inflow ($)
Net Inflow ($)
Net Inflow ($)
The native token within the AllianceBlock Nexera ecosystem is known as the AllianceBlock Nexera Token (NXRA). It assumes the functionalities and characteristics previously held by the outdated AllianceBlock Token (ALBT) while laying the groundwork for an extended range of uses and enhanced connectivity across AllianceBlock Nexera suite of solutions.
The implementation of the Prometheus Protocol, a multi-layered framework, is pivotal for enabling compliant cross-border transactions in capital markets. In December 2022, the introduction of the Nexera Protocol signified the actualization of the Prometheus Protocol. Acting as a vital link across the AllianceBlock Nexera technology infrastructure, the Nexera Protocol aims to achieve our goal of establishing seamless connections between Decentralised Finance (DeFi) and Traditional Finance (TradFi).
NXRA Crypto is the primary utility token within AllianceBlock Nexera, a DeFi infrastructure project aiming to elevate different facets of DeFi, such as interoperability, security, scalability, and decentralized governance. The token holds multifaceted roles, functioning as a mode of payment, establishing a reputation, offering rewards, and more within the AllianceBlock ecosystem.
Protocol Adoption: NXRA drives the adoption of both the Nexera Protocol and Cross-Messaging Protocol in the AllianceBlock Nexera Bridge. Any application or product utilizing these protocols involves NXRA for payments, reputation-building, rewards, and other functionalities.
Comprehensive DeFi Infrastructure: NXRA is deeply integrated into solutions and products utilizing the Nexera Protocol and Cross-Messaging Protocol. It acts as a pivotal element in facilitating transactions, creating credibility via reputation mechanisms, and providing incentives across the entire AllianceBlock DeFi infrastructure.
Payment Usage: NXRA serves as a medium of exchange for various transactions within the AllianceBlock Nexera ecosystem.
Reputation Systems: NXRA likely supports reputation-based systems where users can establish trust and credibility within the ecosystem.
Rewards and Incentives: NXRA can incentivize user participation, specific actions, or contributions to the ecosystem's growth.
An update on AllianceBlock's bridge is forthcoming, aiming to enhance the process of bridging ERC-20 tokens across diverse networks, ensuring smoother transactions. The ability to bridge NXRA tokens will only be feasible after the update deployment, and further details are anticipated in the upcoming weeks.
Due to the exploitation of BonqDAO, the AllianceBlock Nexera Bridge using ALBT as the primary payment token for bridging was deactivated. This resulted in the inability to transfer ALBT to other networks with liquidity.
The AllianceBlock Bridge will resume operations today, facilitating the bridging of various tokens, except for the now fully deprecated ALBT and NXRA (pending token distribution).
Users engaging in the bridging of Enjinstarter (EJS) tokens between Ethereum and BNB Smart Chain can utilize (W)EJS for the bridging fee. For bridging other tokens across supported networks, users can utilize Energy Web Token (EWT) or Wrapped AllianceBlock Nexera Energy Web Token (W)ABEWT to pay the bridging fee.
NXRA utility spans several key areas within the AllianceBlock Nexera ecosystem:
Nexera and Cross-Messaging Protocols: Any product using these protocols involves NXRA, including its role as payment, reputation system, reward mechanism, and potentially more.
Nexera Protocol Functions: NXRA plays a critical role in each layer of the Nexera Protocol, enhancing interoperability, security, scalability, integration, and decentralized governance. These functionalities contribute to the protocol's efficiency and robustness.
AllianceBlock Nexera DeFi Infrastructure: NXRA is integrated into existing AllianceBlock DeFi products like Fundrs Staking, DeFi Terminal, Data Tunnel, DEX, and Bridge, adding value and utility to these products.
AllianceBlock Nodes: Stakers securing the network in upcoming AllianceBlock Nexera Nodes utilize NXRA for staking, contributing to network security, and receiving rewards.
AllianceBlock DAO: Holding NXRA is essential for governance participation within AllianceBlock Nexera. NXRA holders likely possess voting power, influencing decision-making and engaging in discussions shaping the project's future.
For more information about Alliance Block Nexera (NXRA), visit Suncrypto Price Explorer.
