Nexspecto-EN
  • 1. Legal Disclaimer
    • 1.1. Disclaimer of Liability
    • 1.2. Governing Law and Jurisdiction Clause
    • 1.3. Notification of Whitepaper Revision
  • 2. An Overview
    • 2.1. What is Nexspecto
    • 2.2. Web3 Powered Savings
    • 2.3. Enhanced Support for Multiple Platforms
      • 2.3.1. Nexspecto Web App
      • 2.3.2. Multi-Chain Infrastructure
    • 2.4. Experienced Founders & Tech Specialists
  • 3. Strategic Direction
    • 3.1. Nexspecto’s Mission
    • 3.2. Nexspecto’s Vision
      • 3.2.1. Short-Term Vision
      • 3.2.2. Long-Term Vision
  • 4. Overview of the Market
    • 4.1. Savings Market Statistics
    • 4.2. Web3 Savings/Passive Income Markets
    • 4.3. Crypto & NFT Markets
  • 5. How Nexspecto Platform Works?
    • 5.1. Nexspecto Genesis: Savings Groups
    • 5.2. Connecting With Web3
    • 5.3. Creating Saving Groups
    • 5.4. Participating Savings Groups
    • 5.5. How Savings Groups Works?
      • 5.5.1. Savings Groups’ Characteristics
      • 5.5.2. Savings Group’s Pool Size
      • 5.5.3. Participation Fee
      • 5.5.4. Savings Group’s Asset
      • 5.5.5. Blockchain Preference
      • 5.5.6. Payment Periods
      • 5.5.7. Liquidation Process of Saving Group Participant
        • 5.5.7.1. Penalty Fee
        • 5.5.7.2. Selling the Participation NFT
        • 5.5.7.3. Sustaining the Saving Groups
        • 5.5.7.4. Payment to Liquidated User
      • 5.5.8. Picking The Winner
      • 5.5.9. Collateral Model of Savings Groups
      • 5.5.10. Ending a Savings Group
  • 6. Nexspecto's Web3 Fuels: Tokens, NFTs, and Beyond
    • 6.1. PECTO
      • 6.1.1. Unveiling PECTO's Transformative Utilities
        • 6.1.1.1. Native Token of Nexspecto
        • 6.1.1.2. PECTO for Exclusive Platform Discounts
        • 6.1.1.3. Rewarding Liquidity Providers
        • 6.1.1.4. Loyalty Rewards
        • 6.1.1.5. PECTO Based Savings Groups
        • 6.1.1.6. Exclusive Access to Real World Assets (RWAs)
        • 6.1.1.7. Gateway to Tokenized Assets
        • 6.1.1.8. Governance Token
      • 6.1.2. PECTO Tokenomics
    • 6.2. Nexspecto In-Platform NFTs
      • 6.2.1. NFTs As Participation Proofs
      • 6.2.2. Premium NFTs
      • 6.2.3. Nexspecto ID NFTs as Soulbound NFTs
      • 6.2.4. RWAs Based Fractionalized Nexspecto NFTs
      • 6.2.5. Nexspecto NFT Marketplaces
        • 6.2.5.1. Participation NFTs Marketplace
        • 6.2.5.2. RWAs Based Fractionalized NFT Marketplace
  • 7. Infrastructure
    • 7.1. Savings Groups
    • 7.2. PECTO
    • 7.3. Nexspecto NFTs
    • 7.4. Nexspecto’s Security & Smart Contract Audits
  • 8. The Nexspecto DAO
    • 8.1. How Nexspecto DAO Works?
  • 9. Nexspecto's Path to Progress
  • 10. Nexpecto Team
  • 11. Thank You
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  1. 5. How Nexspecto Platform Works?
  2. 5.5. How Savings Groups Works?

5.5.3. Participation Fee

Participation fee refers to a fee determined by the platform, which the participant must pay to the platform in order to participate in a group.

The Participation fee will be determined by Nexspecto in proportion to the size of the respective savings group.

In determining the participation fee, Nexspecto will consider which chain the relevant group is on and the gas fees that the participants will be exposed to on the relevant chain.

Nexspecto will optionally decide on which asset or assets the participation fee can be made, and it will be visible to users on the Nexspecto platform, specific to the relevant savings group or as a general rule.

If the user who joins a savings group by paying the participation fee does not fulfill their obligations and is liquidated, they cannot demand the participation fee.

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Last updated 1 year ago