NexQloud's NXQ Token Lists on BitMart, Fueling Decentralized Cloud Revolution

Coin WorldTuesday, Feb 25, 2025 1:21 am ET
1min read

NexQloud, a pioneering decentralized cloud computing startup, has made a significant stride in its mission to disrupt the trillion-dollar cloud computing market. The company has officially listed its NXQ token on BitMart, a leading global cryptocurrency exchange, marking a crucial milestone in its journey towards mass adoption.

The listing, which took place on February 21, 2025, at 8:00 AM UTC, enables NXQ to be traded against USDT, significantly boosting its liquidity and accessibility for global investors. NexQloud's CEO, Mauro Terrinoni, sees this move as a gateway for investors to participate in the decentralized cloud revolution, with NXQ acting as a bridge connecting the crypto world with the real economy.

NexQloud's decentralized cloud infrastructure aims to challenge the dominance of centralized corporations in the cloud computing sector, which is projected to expand to $1.2 trillion by 2030. By leveraging its Layer 1 blockchain, NexQloud aims to build more powerful and cost-effective cloud services, providing up to eight times the processing power of traditional cloud providers at the same price.

The NXQ token plays a pivotal role in this ecosystem, with a deflationary economic model similar to Bitcoin. The token has a fixed daily emission of 3,600 NXQ, with a halving cycle every four years, ensuring long-term value by decreasing rewards per server as more NanoServers join the network. This scarcity, coupled with a circulating supply of just over 1 million tokens, contributes to NXQ's value proposition.

Despite the recent market fluctuations, NXQ's overall stability suggests ongoing investor interest. At the time of writing, the token has recorded a decline of 6.07% in price, trading at $132.56. The market capitalization stands at $2.77 billion, with a trading volume of approximately $842.98 million over the last day. The circulating supply is reportedly 21 million NXQ tokens, mirroring Bitcoin's supply.