- CoinNess has grown to more than 150 content partners and already reached an audience of over 20 million
- Ness Lab intends to announce more similar strategic developments to enhance the underlying utility of NESS Token
The meteoric demand for crypto assets in the recent past, fueled by the need for better payment infrastructure and a hedge against global inflation, has created the prerequisite for scalable and secure blockchains. With the growth of blockchain technology, the need for timely and quality information has become a necessary key to spotting crypto gems before they skyrocket.
As a result, CoinNess, a South Korea-based crypto information portal, is aiming to achieve a Web3 transition with an announcement of a strategic partnership with Ness Labs.
“The partnership sets the stage for a revolution in how the public perceives and invests in blockchain and Web 3 solutions and will facilitate more effective value generation and transfer,” the announcement noted.
Closer Look at the Strategic Partnership Between CoinNess and Ness Labs
The strategic partnership between CoinNess and Ness Labs is meant to help the former transition to a more Web3-based economy that involves bringing together the participants in a stable economic outlook. According to the announcement, the integration of blockchain technology with the assistance of Ness LAB will effectively enhance the transparency and security of CoinNess’ community functions.
The partnership between Ness Lab and CoinNess was formalized via a memorandum of understanding (MOU). Having been in existence since 2018 as a platform that provides news, market info, live feeds on SNS, community and more, CoinNess will now move forward to a more Web3-focused environment and integrate the utility functions of Ness tokens – especially to reward and incentivize readers and content creators.
Ness Token and Its Tokenomics
NESS token will serve as the fuel within the CoinNess ecosystem, empowering users with a multitude of advantages and enhanced functionality. With NESS token, CoinNess users will be able to enjoy exclusive benefits such as token earnings, priority access to new features, and participation in token holder events and airdrops. By actively getting involved to earn NESS tokens, users gain an elevated status within the CoinNess community and can tap into a wide array of rewards and privileges.
Additionally, CoinNess intends to continue providing quality real-time crypto price updates with added professional insights, as a 24-hour market intelligence platform. Currently, the Ness Lab operates the Content Growth Reward Pool (CGRP), a fusion of fiat and NESS Token, to champion the endeavors of the crypto community’s most erudite and enthusiastic members. Reportedly, the CoinNess protocol was the first to use the CGPR feature. Furthermore, the CGRP incentivizes the production of exceptional, original content that enlightens and edifies the market, which is in line with the CoinNess mission.
Bigger Picture
Having integrated with a new blockchain for enhanced economic outlook, the CoinNess projects anticipate opening up other opportunities for its investors including in the marketing industry and content creation sector. Meanwhile, NESS holders can now boast of more use cases after securing a solid partnership with CoinNess. In the near future, the Ness Labs team has promised to ensure exchanges listings in order to widen the liquidity for the native token.
“NESS is designed to foster growth within the information economy. By incentivizing active participation, and building loyalty, we’re creating a platform that can drive the industry forward and help to unlock its full potential,” Ness Labs notes.
[thrive_leads id="228374"]
