Nitro Bulletin #17
Greetings and welcome to the 17th Nitro Network Bulletin. This week has been another wild journey for cryptocurrency investors as the bear market is still very much alive. There have been growing screams for an adequate regulatory framework in this area. In the week, Bitcoin (BTC) increased by around 8%, trading at about US$20.7K at the moment. Ether (ETH) soared by 21.5% and is now worth over US$1.6K. The industry’s future leaders in cryptocurrencies will be those with strong utility and use cases. As a result, concentrating on technology and commercial strategy has taken precedence in cryptocurrency ventures. Moreover, at Nitro Network, we are aware of the current circumstances and are utilising them to create a line of products that will last the long haul.
NFM’s Buy Now, Pay Later feature is now live.
Users from all over the world now have a variety of options for shopping for their prefered Crypto or NFT collection while saving time and money due to the phenomenal growth of the crypto and NFT industries. The Buy Now, Pay Later (BNPL) option is one of the possibilities that are integrated, exposing the NFT audience to further advantages.
Our community is one of the most important things to us at Nitro Network, and as such, we have considered the opinions of the people in our community, and we have developed a creative strategy to enable everyone to own an NFM. This was the driving force behind the EMI plans we developed to pay for our NFMs. The EMI plan lowers the barrier to entry into the Nitro ecosystem and increases the affordability of NFMs. Since having an NFM gives access to the IoT ecosystem and the opportunity to profit from it. In summary, the EMI plan will help the Nitro community in the following ways;
· The cost of NFM becomes affordable.
· By putting down 10% of the NFM cost up front and making the remaining payments over time, anyone can own NFMs. Owning an NFM is simple, and it costs as little as $45 to have a share in the highly competitive future of intelligent technology (for TOP NFM)
· Before now, Tier 3, TOP category NFM was out of supply but is now back in stock and is now available for purchase on an EMI plan.
There are no ambiguous areas in the EMI strategy. You select the tier you want to buy from, however, it’s important to remember that the plan asks you to pay 10% of the total NFM cost upfront. The rest payments will be paid over 100 days in instalments. Your NFM is automatically staked as soon as you complete a transaction, and your incentives begin to accrue on an EPOCH basis. Rewards, however, are not redeemable until full payment has been received. Read more on our article.
Nitro Network IoT marketplace is going live on 3rd November
The long-awaited Nitro IoT marketplace is going to be live on our website on the 3rd of November! An IoT marketplace as the name suggests is a platform where you can shop for IoT solutions in one place. In essence, it is a one-stop click-and-buy shop that offers complete IoT solutions that will bring ease to your everyday life. In the marketplace, you will find sensors to ease and enhance your life.
The Nitro Internet of Things (IoT) is a method of intelligently integrating the physical and digital worlds, hence filling market shortages. By 2050, almost all of the items in our environment — including streetlights, thermostats, energy metres, fitness trackers, water pumps, cars, elevators, and even gym vests — will be interconnected.
As a tech company, Nitro has developed a software layer that connects to numerous IoT hardware components and combines them into a single platform. Nitro is uniquely positioned to expedite mainstream adoption in its capacity as an accelerator by exploiting the supply chains and hardware components from many manufacturers.
Types of sensors available in Nitro Marketplace
- Ambience Monitoring Sensor
- Water leak detector to prevent water damage
- Ultrasonic Detector or Level Sensor
- Sensor for Soil Moisture, Temperature and Electrical Conductivity
- Smart Portable Sockets
- Wire-free Magnetic Contact Switch
Without the support of our community, Nitro Network would not be able to begin this new phase of our adventure.
Cashback for October for Pre-order batches
Remember that in our prior bulletin, cashback rewards were planned to be implemented in three groups and were both promised and scheduled to do so:
· Batch 1: $45
· Batch 2: $36
· Batch 3: $23
Participants who qualify for the 100% return within a year will also get the third instalment along with the cashback. Both the instalments and the cashback will be dispensed in the first week of November.
Pangolin Farm and Beefy Finance Vault update
There is present $82.4k in liquidity in the NCASH-AVAX farm, and the APR on the NCASH-AVAX super farm is currently at 107%.
The volume of trading is as follows:
· NCashAVAX is ranked #17 on the Pangolin charts for the 7D volume.
· On average, the pool receives 70 daily transactions.
Additionally, considering its current APY of 158%, Beefy Finance values its whole stake pool at $44,565. According to the latest information from Nitro Network, there are currently 735,846,268.32 NCash tokens in circulation. We invite everyone to continue using the Farm and Vault to earn mouthwatering APY on NCash.
Community Campaign: Discord Invite Contest
With a pool of 2,000,000 NCash, we’ve launched the Discord invite contest. We urge members of our community to take part, introduce their friends, and stand a chance to win some precious NCash. More information is as follows.
· Reward Pool: $2,000,000 [5 winners] in NCash
· Period: 15 October 22 to 31 October 22
· The winner has been declared on our discord. To receive your rewards, join our discord.
We are running a puzzle competition where participants can enter to win a premium NFM. Our Twitter posts contain hints for solving problems. Go ahead and venture a guess. The winner will be announced on 3rd November.
○ Puzzle 1: https://twitter.com/Nitro_HQ/status/1583533843067604992
○ Puzzle 2: https://twitter.com/Nitro_HQ/status/1584235751897980933
○ Puzzle 3: https://twitter.com/Nitro_HQ/status/1584651087843393538
We also conducted an AMA on Discord on 29th Oct, you can catch on the details in this article and the recordings on our discord.
We’d like to thank the entire Nitro community for sticking with us so far, and we intend to keep you updated every step of the way as we embark on an adventure into a future of endless possibilities with Nitro Network’s ecosystem. We are appreciative of the strong community that has stood with us as we travel this path. We appreciate your assistance. We will release several fresh strategies for company and product expansion that will be advantageous to you all in the coming days. To acquire the most recent information, all you have to do is follow us on all of our social media platforms! Stay tuned because it can only get better!
(Edited: Reward Pool is of 2 Million NCash)
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About Nitro Network:
Nitro Network brings affordable and secure IoT solutions for you. The company is building the largest decentralized private communication network (PCN) using the LoRaWAN IoT devices. These devices enable your gadgets to communicate using 3G/4G/5G technologies. This hyperconnected network will enable unlimited use cases in your everyday life. Participants of Nitro Network’s decentralized PCN are part of an inclusive ecosystem that they own, operate and earn from. Nitro Network’s PCN will be a game-changer and has its proprietary token, NCash, at its core. On Nitro Network, everybody wins!
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