Today, NPICK Token gets a listing from CoinGecko, one of the top crypto data providers. Its initial selling price is $0.07, while its trading volume is $479,498.
Also today, CryptoModulus added NPICK to their platform. A few days earlier, NPick Block announced on their Twitter account that MEXC Worldwide has also listed their token. MEXC is also a global crypto-asset info exchange platform. Currently, MEXC is the best exchange platform to trade NPICK tokens. According to CoinGecko and CoinMarketCap, MEXC Global is ranked fifth and seventeenth globally, respectively.
What is the NPick Block?
The team identified as Centernine runs the NPick Block. It is headed by Choi Junggyeong as the network’s CEO. Centernine is a cryptocurrency professional development business. Centernine created the ERC-20-based cryptocurrency NPick Block in 2021 and users may utilize it with the SNS platform. Additionally, it offers services to platform operators. They do so by systematizing the account protection of platform users and the content copyright authentication and reimbursement system using its own Non-Fungible Token (NFT) technology.
The developers call the blockchain network for social media services NPICK BLOCK mainnet. As a result, a major net runs on a consensus algorithm appropriate for social media services. Similar to DPoS (Delegated Proof of Stake), the NPICK BLOCK mainnet chooses a participating node. The system chooses nodes based on various social media service activities. Influencers are powerful users of social media services. These users are those who actively participate in the numerous activities of the platform and have a significant impact on other users.
NPick Block targets to address the three issues on social media service platforms by first, using NFT and the ERC-721/ERC-1155 protocol. This is to resolve the personal privacy issues of account forging, and content falsification of creators. Moreover, to address the issue of compensation, the network also offers a revenue-sharing solution. This is via Smart Contract of NPICK token contracts. Thirdly, they have found a way to ensure the copyright of materials published to social media platforms while also figuring out how much each of those materials is worth. With this, the network assures users of social media platforms of legitimate rights and interests through the aforementioned three methods.
The Importance of the NPICK Token
The NPICK token serves as both a unit of measurement and a means of payment. By extending the NPICK token to other social media platforms than Npickple, NPICK BLOCK seeks to create the industry-standard social media platform ecosystem. Additionally, they will give platform users, content suppliers, and operators the chance to create clear economic value. NPICK BLOCK intends to take its business globally and offer a range of services and advantages to users. It will do so with the use of NFT technology and the NPICK token system.
