# 2 ° Why NextMindCoin

<mark style="color:green;">**A) Next-Mind :**</mark>

&#x20;   The Next-Mind company was founded in 2017 by the eminent professor of cognitive neurosciences Sid KOUIDER, research director at the CNRS. His work resulted in the creation of a revolutionary electroencephalogram headset to capture and translate our visual cortex.

During its presentation at CES 2020 in Las Vegas, its French startup won two awards: “Best of Innovation and Honoree”.

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&#x20;   The potential of this human-machine interface is spectacular. Its technology makes it possible to capture, by a small and light EEG, images in real time from the visual cortex. Imagine changing your TV channels, shooting video games, piloting a drone, composing music that comes to your mind or validating a transaction, all only by thought.

The fields of use remain infinite because this technological nugget is only in its infancy, but thanks to the NextMind team this headset was able to see the light of day and it is supplied with a development tool SDK, which will allow you to take control over your objects by thought.

The headset can be paired with VR glasses Oculus Quest 2 & 3, Oculus Rift, Oculus Quest 1 & 2, HoloLens 1 & 2, HTC Vive and Pro or other models.

\ <mark style="color:red;">**NextMindCoin has no connection with the Next-Mind company that designs and sells the headset, so it cannot be responsible for the NextMindCoin project under any circumstances as we are 2 different companies.**</mark>

<mark style="color:red;">**We are just customers and developers on the Next-Mind interface. We very much appreciate the potential of this neural technology, easy to understand and we hope to make it known among different communities (Gaming, Medicine, Robotics, Leisure, ioT, DeepLearning ...).**</mark>

<mark style="color:green;">**B) Dapps :**</mark>

&#x20;    A decentralized application, more commonly called a Dapp (from the English Decentralized Application), is a software application whose operation is (partially or totally) distributed and replicated among a set of multiple actors. It is generally based on one or more smart contracts running on one or more blockchains.

Decentralized applications are opposed to centralized applications.

The monetary use of bitcoin, which can be seen as a decentralized application, contrasts in this way with the management of the euro by the banking system and by the European Central Bank.

Decentralized loan applications like Maker or Compound are opposed to credit organizations. There are distributed social networks whose value proposition is to resist censorship like Hive, Voice or Memo.cash, and which therefore differ from platforms like Facebook or Twitter.

#### <mark style="color:green;">Smart contracts and DApps</mark>

&#x20;    The cornerstone of a DApp is the smart contract (s) on which it is based. These autonomous contracts are computer programs whose execution does not depend on a trusted third party, and which are activated automatically when certain conditions are met on the blockchain on which they are hosted. Most often, they are coded to be hosted on a specialized platform such as Ethereum, BSC, Cardano, Solana or Polygon. However, a contract can also be entered in its own chain as is the case for Hive or for Lisk sidechains.

&#x20;   The main advantage of "smart" contracts is to remove the middleman who validates the actions. In addition, since all the operations carried out within a contract are recorded on the blockchain, it will be possible to easily find the history of the conditions under which they were carried out.

&#x20;     Then, another significant advantage of a smart contract is its cost: carrying out operations using this technology is relatively cheap, fast and secure. This therefore allows for huge savings in certain professional fields, compared to a traditional company not using these programs.

Once deployed on the chain, the clauses of a stand-alone contract cannot be changed.

<mark style="color:green;">**C) Headset EEG BCI + Dapps = NextMindCoin :**</mark>

&#x20;     At NextMindCoin we aim to design decentralized applications using the neural interface as hardware (the NEXT-MIND headset) and thus develop many fields of use:

Crypto-gaming, secure wallet, medical, leisure, robotics, artistic, educational ...

This technology is only in its infancy, and all the work on the applications remains to be done. Imagine all the potential of the headset, and be inspired by it, to create all kinds of Dapps.

And this is where the interest of NextMindCoin's NXMC utility-token appears:

-Staking for investors by 15% annually.

-Play to Earn for gamers and bets in multi-player mode

-Governance for the community

-Passive mining to allow everyone to receive NXMC for the number of hours of use of the helmet.

To expand our team and create a community of developers around our project, it was essential to set up a reward system for developers.

&#x20;   Thus for each contributor, the community will carry out the evaluation and remuneration, through a voting system (governance) linked to the NXMC token. All NXMC token owners will be able to vote on all the projects presented. A bonus will be possible for the best, most useful and relevant projects.
