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NXRA - AllianceBlock Nexera

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Written by Sophie
Updated over a month ago

What is AllianceBlock?

Incubated by Europe’s most prestigious incubators – Station F, L39, and Kickstart Innovation Zurich – the AllianceBlock project is led by a highly experienced team of ex-JP Morgan, Barclays, Goldman Sachs, BNP Paribas experts and quants. Having created the Prometheus Protocol, the team is building the first global decentralized capital market.

The Protocol is a decentralized, blockchain-agnostic layer 2 that facilitates the automation of converting any digital asset into a fully bankable product.

NXRA is the new token for the AllianceBlock ecosystem, replacing the deprecated ALBT token. The AllianceBlock team decided to create a new token to replace ALBT, taking on its utility and setting the foundation for the next era of AllianceBlock.

The new token is called the AllianceBlock Nexera Token (NXRA) and is powered by the Nexera Protocol, which acts as the connective tissue across the AllianceBlock technology stack, bringing seamless gateways between DeFi and TradFi.

How to Deposit NXRA Into Your Coinmetro Account

For all information on how to deposit NXRA into your Coinmetro account, please see the following help center article:

As Coinmetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk of loss of assets caused by a too-low gas limit.

If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts or using a full ETH wallet as an intermediary.

How to Withdraw NXRA From Your Coinmetro Account

For all information on how to withdraw NXRA from your Coinmetro account, please see the following help center article:

Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.

Withdrawals waiting for approval can be cancelled and the withdrawal status can be found by selecting the Wallet on your Coinmetro Dashboard. Please note that already-approved withdrawals cannot be canceled. If there is no Cancel button visible, this unfortunately means the withdrawal can no longer be canceled, and you will find a transaction ID (TXID) instead. This is a link to the relevant transaction hash on a Blockchain Explorer website where the status can be checked further.

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