BitMart Exchange, a premier global digital asset trading platform, recently announced the listing of Neo Name Credit (NNC). NNC/BTC and NNC/ETH trading pairs will be available starting at 10:00 AM (EDT) on April 18 and withdrawal feature will be available on April 19.
Neo Name Service(NNS) is a decentralized domain-name service that maps NEO addresses and smart contracts to make it easy to remember aliases. The NNS architecture consists of 4 components: Top level domain name contract, Owner, Registrar, and Resolver. The system uses the same convention as DNS (Domain Name System), with the owners at the top level domain names such as .neo
NNC (NEO Name Credit) is a token issued by the distributed NameService based on NEO: NNS. NNC has a total supply of 1 billion. At present, NNC holders receive the dividends of the domain auction income, and users can also purchase the pre-owned domain name in the secondary market in NNC.
In the future, the use cases of NNC will continue to expand. For example, it can be applied to other dApps. The value of NNC will be more stable, as NNC will be supported by diverse dApps, which will form a DAO, therefore, its risk of dependence on one dApp will be avoided.
“We are delighted to list NNC on our exchange,” said Sheldon Xia, Founder & CEO of BitMart. “ NNS simplifies the wallet address utilization, making it easier for adoption. This also coincides with BitMart’s philosophy of popularizing blockchain to everyone.”
BitMart is a premier global digital asset trading platform in the cryptocurrency market with over 700,000 users worldwide and ranks among the top 5 crypto exchanges on CoinMarketCap. BitMart currently offers 208 trading pairs with one of the relatively low trading fees in the market. BitMart’s daily trading volume ranges from $800,000,000 to $1,000,000,000 USD and total trading volume has reached over $55,000,000,000 USD since launching in March 2018.