Question 1

What is Nayuta Coin (NC)?

Accepted Answer

Nayuta Coin (NC) is a cryptocurrency launched by Nayuta, a company that sells wellness, beauty, and personal care products through a network marketing system. The token was introduced in 2019 to support the company’s expansion, including the construction of a factory and the development of new product lines. NC operates on the Enecuum blockchain and uses a Proof of Stake (PoS) and Proof of Activity (PoA) mining mechanism, allowing users to mine tokens via a mobile application.

Question 2

What is Nayuta Coin (NC) used for?

Accepted Answer

Nayuta Coin is primarily used within Nayuta’s ecosystem to facilitate transactions, incentivise participants, and support the company’s business model. The token is intended for:
- **Investment and Staking**: Investors can earn up to 20% annually through staking.
- **Mining**: Users can mine NC using an Android smartphone with minimal battery consumption.
- **Payments**: The token is integrated into Nayuta’s marketplace for purchasing beauty and health products.
- **Expansion Funding**: NC funds the construction of Nayuta’s factory, the launch of new product lines, and business growth initiatives.
- **Trading**: NC is listed on exchanges, enabling holders to trade it for other assets.

Question 3

Who created Nayuta Coin (NC)?

Accepted Answer

Nayuta Coin was created by Nayuta, a company founded by Mr. Choi Yong Seok in 2018. The company initially operated as an online store selling Korean wellness products but expanded internationally, establishing headquarters in Kazakhstan and Estonia. The launch of Nayuta Coin aimed to leverage blockchain technology to enhance its business model and attract investment. The project is supported by a team of researchers and executives, including Marina So (Vice President), Pak Su Tae (researcher and developer of salt 880), and Kwong Tae Gyun (developer of DETOX soap).

***Although 'NC' was the ticker assigned at the deployment of the Nayuta Coin's smart contract, it is in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this association and to avoid confusion in the marketplace, the alternative ticker 'NAYUTA' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.***