Full Breakdown Of NFM Rewards
For the past few weeks, Nitro Network has introduced our community to the power of Non-Fungible Miners (NFMs), as well as the massive rewards users earn by digitally mining with them. In honor of our recent NFM marketplace and NFM Staking launch, we would like to take a deep dive into all the rewards that NFMs provide and present to you a full breakdown of potential user earnings. Without further ado, let’s get started!
Nitro Network’s tier-based NFM rewards structure
Nitro Bot NFMs are divided into three tiers: one, two and three. Each tier includes its own reward structure and NFT rarity levels. Since Nitro Bot NFMs are completely virtual and represented in the form of NFTs, you can purchase as many as you’d like! Also, on top of earning rewards by mining, Nitro Bot NFMs hold their own unique value as NFT art collectibles.
Nitro Network’s robust ecosystem grants rewards to NFM holders every 30 minutes. Each 30-minute window is called an EPOCH, so there are 48 EPOCHs per day. Below are the rewards that each tier receives every EPOCH:
Tier 1: 95.69* NCash
Tier 2: 80.00* NCash
Tier 3: 24.18* NCash
Check out the unique artwork for the Nitro Bot NFMs!
Monthly NFM earnings and percentages
Now that we’ve explained the rewards per EPOCH, let’s take a look at the rewards NFM holders will receive every 30 days.
With the current price of NCash at $0.00035, here are the tier-based monthly earnings all users will receive in U.S. dollars:
Tier 1 = $48.38
Tier 2 = $40.32
Tier 3 = $12.10
As Nitro Network scales and grows, the token price of NCash is likely to do the same. Therefore, the rewards you see above could easily become larger over time. Just a reminder, mining rewards will become available starting May 1, 2022, onwards.
Nitro Network NFMs ensure that everyone on the network wins by providing all users with a tier-based rewards system! With inclusivity being a priority in the Nitro Network vision, every participant and community member can rest assured that they will receive the utmost attention, service, and most importantly, massive rewards.
The next chapter of Nitro Network Smart Cities and Web3 begins here, so make sure to hop on board with an NFM before we lift off. 🚀
*Rewards per EPOCH are subject to change as Nitro cannot guarantee a specific amount of earnings. These values are an average that is reflected using our tier system with an estimated network size of 20K miners.
About Nitro Network
Nitro Network is building the largest decentralized private communication network powered by IoT combined with LoRaWAN and 3G/4G/5G. This hyperconnected world will enable unlimited use cases in our everyday life. Participants of Nitro’s decentralized PCN are part of an inclusive ecosystem that they own, operate and earn from. Nitro’s PCN will be a game-changer and has its proprietary token, NCash, at its core. On Nitro Network, everybody wins!
Disclaimer: This is not investment advice. Please do your own research before investing in any avenue. The information contained in this post is for informational purposes only. You should take independent advice from a professional or independently research and verify any information that you find in this post and wish to rely on, for the purpose of making any decision. Through this post, you may be able to link to other websites which are not under the control of Nitro Network. We have no control over the nature, content, and activity on those sites. The inclusion of any links does not imply a recommendation or endorsement of the other website, its products, or views.