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ChatGPT: Give me three reasons for using tokens on $NEXA instead of using erc-20 tokens on Ethereum

jQrgen
2 min readJan 17, 2023
The first post of the Twitter thread

First I queried ChatGPT with the content of this Twitter thread and ChatGPT chose to summarize it:

In summary, tokens on $NEXA can be easily created and managed by groups, without the need for special smart-contracts or token standards. Groups have the ability to mint, melt, and change token rules, as well as create subgroups. Tokens on $NEXA can include useful data such as name, ticker, and document URL, and can be used for various purposes such as NFT art, supply chain tracking, and voting. Additionally, tokens have access to the full power of $NEXA’s smart-contract functionality, allowing for almost limitless possibilities.

ChatGPT query: Give me three reasons for using tokens on $NEXA instead of using erc-20 tokens on Ethereum

  1. Ease of use: Tokens on $NEXA can be created and managed just like sending $NEX, without the need for special smart-contracts or token standards like ERC-20. This makes it easier for groups to create and manage tokens, and eliminates the need for extensive technical knowledge.
  2. Flexibility: Tokens on $NEXA have access to the full power of $NEXA’s smart-contract functionality, which allows for almost limitless possibilities. This means that tokens on $NEXA can be used for a wide range of purposes, such as NFT art, supply chain tracking, and voting, whereas ERC-20 tokens on Ethereum are limited to the functionality provided by their smart-contracts.
  3. Scalability: $NEXA is built on a new blockchain technology that is designed to be more scalable than Ethereum. This means that $NEXA can handle more transactions per second, and will experience less congestion on the network, making it a more efficient option for creating and managing tokens

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