The value of Neurai

When Satoshi created Bitcoin, he established a reward system that halves every four years. He did this as part of an experiment to predictably determine how coins will be distributed and the maximum number of coins in circulation.

Other coins have changed the reduction method or even with other distribution methods such as premined ICOs or PoS that have various methodologies to perform the distribution. We have created a system in which in approximately one year, there is a distribution of 50% of all possible coins and from that point on, a smoother distribution.

How is value added in Neurai?

Neurai is a platform for using IoT equipment and it is possible to use AI, Assets, NFT, FT, Smart Contracts or other future features. But any use must have a price to support viability.

To be able to use the different uses a price will have to be paid, low, but there will always be a cost in XNA. The part that differs from other similar projects is that each use involves burning coins.

Burning coins

Coin burning will allow there to always be a smaller amount of coins in circulation and will extend the time frame to achieve mining up to 21Bl of XNA. And if there is massive use, there could be coin deflation.

When will this burning take place?

These are some of the activities that involve burning coins:

• Creating ASSETS.
• Creating NFT or Tokens.
• Creating Neurai ID for IoT devices.
• Using Neurai AI.
• Sending messages over the blockchain.A
• And all the new functionalities that will be added to the platform.

How are they burned?

The value of the coins burned depends on the activity to be executed in the chain. By code and global consensus, it is not possible to move these coins:

• Burn Amount

IssueAssetBurnAmount = 1000 XNA
ReissueAssetBurnAmount = 200 XNA
IssueSubAssetBurnAmount = 200 XNA
IssueUniqueAssetBurnAmount = 10 XNA
IssueMsgChannelAssetBurnAmount = 200 XNA
IssueQualifierAssetBurnAmount = 2000 XNA
IssueSubQualifierAssetBurnAmount = 200 XNA
IssueRestrictedAssetBurnAmount = 3000 XNA
AddNullQualifierTagBurnAmount = .2 XNA

• Burn Addresses

IssueAssetBurn = NbURNXXXXXXXXXXXXXXXXXXXXXXXT65Gdr
ReissueAssetBurn = NXReissueAssetXXXXXXXXXXXXXXWLe4Ao
IssueSubAssetBurn = NXissueSubAssetXXXXXXXXXXXXXX6B2JF
IssueUniqueAssetBurn = NXissueUniqueAssetXXXXXXXXXXUBzP4Z
IssueMsgChannelAssetBurn = NXissueMsgChanneLAssetXXXXXXTUzrtJ
IssueQualifierAssetBurn = NXissueQuaLifierXXXXXXXXXXXXWurNcU
IssueSubQualifierAssetBurn = NXissueSubQuaLifierXXXXXXXXXV71vM3
IssueRestrictedAssetBurn = NXissueRestrictedXXXXXXXXXXXWpXx4H
AddNullQualifierTagBurn = NXaddTagBurnXXXXXXXXXXXXXXXXWucUTr

Are there more uses for Neurai?

Of course, like Bitcoin, the very use that people want to make of it gives it a utility and this utility will always make it have a value over time.

As the currency becomes more widely used, something similar to ETH will happen where the coin is used as GAS to pay for services on the blockchain and XNA wants to be an ecosystem of developers, whether it is micro-equipment, which is our specialty, or any other idea that involves using our platform.

And here you are the one who has the final word and you can decide what other uses can be applied to Neurai.