What is CCNX?

CCNX stands for Cash Coin NeXt. It is the token economy of the entire CashCart community, the utility coin that circulates around the whole ecosystem for rewards and payments as well as delivery payments. With CCNX you can earn and redeem rewards, shop with accumulated rewards, give to peers, and cashout to local currency and switch to other cryptocurrency. (Cashout is initially available in Php and within the Philippines only.)

CCNX is a mosaic created via ProximaX Sirius Private Blockchain Instance and is the most recommended method of payment in the CashCart Shopping eMarketplace. (Other modes of payment are widely accepted like Visa, MasterCard, and PayPal but using CCNX affords you the fastest transaction.)

Why CCNX?

CCNX is a stable coin pegged at current USD rate with the value of 0.02USD/CCNX. A stable coin is a coin that is not speculative in nature, such that, its value is not dictated by the crypto-trading market.

CCNX is a transferable and immutable digital asset wherein one can transfer to another CCNX wallet holder. We call this peer-to-peer (P2P).

CCNX transactions are recorded in the PROXIMAX Blockchain as immutable and distributed ledger verified thru a transaction hash.

CCNX is available thru accredited CCNX top-up agents and resellers, and from your CashCart account as SCV (shopping credit voucher).

Where can you use CCNX?

As payment option for shopping

CCNX is primarily used for shopping transactions in the CashCart eMarketplace. CCNX is available at CashCart as SCV and wallet top-up. Upon check-out of a product or service, a user can pay from his or her CCNX wallet via QR code. The payment is then deposited to CashCart’s internal “escrow” and will be released once the item is confirmed delivered by the buyer.

As payment option for the sale and delivery

Once the buyer confirms the Pick-O delivery, the internal “escrow” will release the payment to the seller and the delivery fee to the Pick-O deliverer. The payment is made in CCNX.

As payment option for the sale and delivery

Once the buyer confirms the Pick-O delivery, the internal “escrow” will release the payment to the seller and the delivery fee to the Pick-O deliverer. The payment is made in CCNX.

As token rewards

CCNX as token rewards are accumulated in the user’s CashCart account. These accumulated rewards can be used to shop items and avail of services, as fund to boost online stores, and transfer P2P or to your own CCNX wallet. Using CCNX is highly encouraged and users who top up his or her e-wallet through his or her CashCart account gets more rewards in CCNX.

For loyalty

CCNX accumulates in a shopper’s account for continuous shopping within the CashCart eMarketplace and for patronizing the products and services in the platform.

For loyalty

CCNX accumulates in a shopper’s account for continuous shopping within the CashCart eMarketplace and for patronizing the products and services in the platform.

For bounty

CCNX is available as fund to sellers who wish to boost their online stores to enable internal marketing features. Any user that pays attention to the merchants’ advertisement gets an allocated reward by the merchant.

For Referral

Every time a user refers another as shopper, merchant or deliverer, he or she gets rewards in CCNX.

For Referral

Every time a user refers another as shopper, merchant or deliverer, he or she gets rewards in CCNX.

Reward mechanism via Proof of Transaction

CCNX is generated for every right and responsible transaction within the platform. The consensus mechanism known as the Proof of Transaction (PoT) outlines the code of compliance within a transaction. Policies compliance by the users results to gaining rewards in CCNX.

CCNX Wallet

The CCNX Wallet is an app that enables you to transact with CashCart online shopping and Pick-O shipping and deliveries. You can send and receive CCNX and XEM tokens here. Using QR codes, transactions are made even faster and easier.

  • Local storage and encryption of all private keys and other important data
  • Export of private keys to secure location
  • Use of multisignature contracts, QR codes, and account management
  • Management of multiple accounts and local address books
  • Display of account information and recent transactions on interactive messaging interface
  • Message encryption and plain text messaging
  • No blockchain download (The CCNX app is a lite client connected to PROXIMAX’s APIs).

Note: Registration is initiated through the CCNX Wallet. The wallet is only available in the Philippines during this time and will be available to global users soon!

Upon creating a CashCart account, each member is presented a CashCart Wallet. This wallet is on-chain and compatible with the NEM nano wallet. Inside their user accounts, members can top up their e-wallets with CCNX using a fiat source and more rewards are given to users who do so.

The CCNX Wallet is derived from the NEM open source and free software under MIT license.  Our base source code is available at https://github.com/NemProject/NEMAndroidApp. Please report any issues at https://github.com/NemProject/NEMAndroidApp/issues.

When you create the CCNX Wallet, please read and understand all the security protocol notifications. The CCNX app is still in development and NOT an open source project. Although it has been continuously and extensively tested by the community, the CCNX team is not responsible for any malfunction or loss of funds due to misuse and low device security. The security of your device is the first layer security of your CCNX Wallet. Be a responsible user.

For more information, visit us at ccnx.io

For technical issues, contact techsupport@cashcart.io.