Internxt is a Peer-To-Peer (P2P) cloud computing network that allows users from all over the globe to cooperate in the creation of a decentralized internet.
Internxt (INXT) is the token powering Internxt, a privacy-focused cloud storage platform that aims to compete with services like Google Drive and Dropbox. The idea is simple: instead of storing your files on centralized servers, files are encrypted, split into fragments, and distributed across a decentralized network of nodes. INXT is used to reward the node operators who provide storage space to the network.
Internxt is a decentralized cloud storage service where your files are encrypted on your device before being uploaded, then split into fragments and spread across independent nodes. Unlike traditional providers, no single company holds the complete copy of your data, and only you hold the decryption key. INXT is the token that incentivizes people to share their spare storage capacity.
Files uploaded by users are client-side encrypted, shredded into small fragments, and distributed to multiple network nodes. Node operators store these fragments and earn INXT as a reward for providing reliable storage. When you retrieve a file, the fragments are reassembled and decrypted locally on your device.
INXT has a hard cap of 629,610 coins, meaning no more tokens will ever be created beyond this fixed maximum. The token follows a token standard 3 and was distributed through an ICO rather than through mining. This fixed-supply model means there is no ongoing inflationary emission like in proof-of-work coins.
INXT is an ERC-20-style token tied to the smart contract at 0xa8006c4ca56f24d6836727d106349320db7fef82, so it can be stored in any wallet that supports Ethereum-based tokens, such as MetaMask or a hardware wallet. Within the Internxt ecosystem, the token is used to pay node operators and interact with the platform's services. Always verify the contract address before sending or receiving tokens to avoid fakes.