Nigeria has launched a partnership with Chainalysis aimed at enhancing transparency and protecting investors from fraud in the cryptocurrency sector. Concurrently, the Nexchain project is drawing attention due to its token presale.
Improving Fraud Detection in the Crypto Market
In a recent webinar titled “Combating Scams with Blockchain Intelligence,” SEC Director-General Dr. Emomotimi Agama emphasized the importance of joint action between regulators and private firms. The collaboration will utilize blockchain analytics to monitor suspicious transactions and identify scam networks.
Strong Demand for Nexchain Tokens
Nexchain, an AI-enabled Layer-1 blockchain, is currently in stage 25 of its token presale. Each NEX token is priced at $0.10, with a projected listing price of $0.30. The blockchain processes up to 400,000 transactions per second at low fees and supports cross-chain interoperability.
Key Milestones and Roadmap for Nexchain
Nexchain has launched its live testnet, allowing users to test transaction speeds. The project is undergoing a security audit by Certik, with results to be released. The roadmap includes the launch of its mainnet in 2025 and significant updates, including DeFi integrations.
Nigeria's collaboration with Chainalysis is aimed at improving investor protection in the cryptocurrency market, while the Nexchain project showcases strong interest among investors with its features and development roadmap.
