Crypto-exchange Naxosbit has entered into an agreement with Polygon Project to lower the cost of its services to customers.
The Naxosbit team announced that it is launching its own token on the Polygon blockchain network (MATIC). The platform was chosen as the first technical base because of its high processing power and decentralized architecture based on Proof-of-Stake (PoS), Naxosbit explained. In addition, the platform provides acceptable transaction fees.
Naxosbit allows merchants and businesses to build their decentralized rewards systems online to incentivize users and customers. The company is also integrating blockchain into new industries, such as real estate.
Polygon is fully compatible with the Ethereum Virtual Machine (EVM), which is crucial for Naxosbit in terms of cross-network compatibility and interoperability. It is reported that Polygon’s combination of features allows Naxosbit to provide its users with cheap, fast and secure services.