Nitro Bulletin #3

This was a big week for Nitro Network, including seminal partnerships with big names and a new portal for AVAX tokens. Our partnership with Cointelegraph has sent ripples throughout the crypto community. We’ve also taken our partnership with AVAX to a whole new level with an upgraded smart contract deployment on the network.

Read on for a full summary of what has transpired.

The Cointelegraph Partnership That Shook Our Community

When it comes to our critical partnership with Cointelegraph, Nitro Network has to thank the community first. With your continued support, there is no telling what we can accomplish. That being said, Nitro Network’s partnership with Cointelegraph is official! We will be working together to fully tackle Nitro Network’s expansive vision for blockchain. Here are some of the reasons why Cointelegraph has decided to partner with us.

The Future Of Blockchain Is Through NFMs

NFTs have rocketed in popularity throughout the world and have now become a multibillion dollar industry. Cointelegraph knows of the infinite possibilities of this space and has recognized Nitro Network’s role as trailblazers in this niche. With the cutting-edge Non-Fungible Miner (NFM), Nitro network will look to crystallize the decentralized internet and reward its users handsomely. Nitro Network and Cointelegraph will work together to pioneer the future through NFMs.

Moreover, NFMs are one of the most unique blockchain innovations in recent memory, providing all users the ability to digitally mine Nitro’s native token, NCash, throughout the world. Gone are the costs of mining equipment, electricity, and overly complicated mining rig installations. The NFM is completely digital, has unique properties and rarities as a Nitro Bot NFT, and is organized and managed online for your convenience.

Nitro Network Enables Users To Host The Network

Users are also given the opportunity to become “Nesters”. Nesters serve as the backbone of the Nitro Network by hosting network points called Nests. Nests will have maximized coverage and scalability so that users can receive maximum rewards. Through a decentralized web run by Nitro’s users, people have full knowledge over where their data is and how it’s being used.

With these striking reasons, Cointelegraph has stated that a new era is upon us! Cointelegraph conceptualized and designed the Nitro Bot NFTs, which double as one’s digital NFM. By incorporating utility, rewards structure, rarity, sensational aesthetics, and unlockables, Nitro checks all the boxes that can be found in the most successful NFTs. Only in this case, it is powered by Nitro Network’s innovative blockchain technology.

Nitro has integrated all its internal departments with Cointelegraph and is preparing for an extensive “push.” We are excited with this dynamic partnership and are greatly appreciative of your support. To the moon!

For more details, visit the official Cointelegraph announcement on their website:

Avalanche (AVAX) Partnership and AVAX migration

Our development team continues to push the limits of what blockchain can do, therefore, changes need to be made. In order to accommodate the array of innovation that we have unleashed, we have decided to migrate to AVAX. NFMs, rewards, staking, swapping and liquidity programs need a smart contract using NCash at the core. Nitro Network is ready to create an inclusive ecosystem for our community to build, earn and grow.

We approached all exchanges with an upgrade request. Unfortunately, it was turned down by Binance. Our plan, however, is still intact and all systems are set to fire. Through these series of events, we have actually strengthened our partnership with AVAX.

Here is list of our Avalanche-related updates:

1. New & upgraded smart contract deployment on Avalanche L1
2. Partnership with Avalanche
3. Our swapping portal is live and you can now swap old NCash tokens for new ones
4. Effortlessly continue to stake and then convert to the new AVAX token at the end of the staking program

Wherever you hold NCash, we have you covered. We have reached out to a multitude of exchanges that list NCash and in order to ensure that the new NCash tokens are liquid in regards to our new smart contract update. Our staking, swapping and liquidity initiatives are still active. And if you thought that AVAX would be the end of our major partnerships, we have even more planned!

Avalanche’s ambitions line up with our own as they support our extensive expansions, marketing structure and community ecosystem with their superior scalability and optimized transactions per second.

Along with this, our AVAX-powered Nitro Staking Portal is live. You can now migrate your NCash tokens into AVAX L1.

Our Nitro Staking Portal Is Live!

Migrate your NCash from the native ERC-20 chain to the native AVAX Layer 1, unlocking numerous advantages for NCash holders. If you want to learn how to transition to AVAX and make the most out of your NCash investment, read on.

Option 1: Stake your old ERC-20 NCash

Staking gives you a plethora of rewards such as:

• 150% APY on staking.
• An opportunity to become a Genesis Node that makes you eligible for rewards for the next 50 years

Benefits of unstaking your old ERC-20 NCash:

• You receive the new AVAX NCash
• We are also giving you a $100 reimbursement in gas fees (upon staking 1 million NCash or more)

Option 2: Swap your old ERC-20 NCash

Swapping your old ERC-20 NCash rewards you with these benefits:

• You receive the native AVAX new NCash upon swapping
• Get 5% bonus reward by swapping between 12:00 am March 5th, 2022 and 12:00 pm March 15th, 2022.
• Example: If you swap 100 NCash in this time period you get 105 NCash tokens
• Get 3% bonus reward by swapping between 12:00 am March 16th, 2022 and 12:00 pm May 15th, 2022.
• Example: If you swap 100 NCash in this time period you get 103 NCash tokens

If you would like to act on this now, click here to access our swapping portal.

We have also implemented a simple step-by-step guide to swapping the old ERC-20 NCash tokens to the new AVAX native NCash tokens. Though our “Nitro Swap Portal” article has graphics associated with the steps one must take, making it easier to follow, here is a quick rundown of our guide.

Step 1 — Visit the Nitro Network Swapping Portal

Step 2 — Connect to your Metamask wallet.

Step 3 — Once your Metamask is connected, wait until your transaction is approved.

Step 4 — Your Swap Transaction takes place.

Step 5 — You will get a confirmation on the Avalanche network and in your wallet.

Step 6 — View your transaction details.

Click here to read our Swapping Guide Book

The Inside Scoop On Anoop’s Nitro Twitter AMA

982 fans tuned in for the AMA on March 7, 2022. We talked about all of the electrifying things happening to Nitro Network.

In case you missed Anoop Vootkuri’s exciting AMA, here is a quick rundown. We are always fortunate when Anoop takes time out of his busy schedule in order to give the community some tidbits on the enormous plans we have in store.

Anoop detailed how his expertise in business manufacturing and micro real estate gave him the foundation to merge this expertise with decentralization. Micro real estate is an Airbnb of sorts, using any small space with an automated model to monetize with limited manpower. Combined with blockchain, micro real estate, in a manner of speaking, became married to the decentralization of Nitro Network.

Nitro’s CEO, Anoop, also gave a rundown on the Internet-of-Things, or IoT, detailing how anything connected to the internet is IoT, from a smartwatch to a smart street light and how this interplay is important for our hyper connected future.

Anoop also gave importance to how users should envision Nitro Network, likening it to a “decentralized Verizon”. With technology such as augmented reality and virtual reality, the interconnected future will need a vision like Nitro Network’s to bring it all together. With long range wide area networks (LoRaWAN) and 5G, Nitro Network’s decentralized ecosystem will soar into the interconnected future by enabling systems such as smart vending machines, smart buildings, digital ad billboards, smart watches, and much more. With NFMs as the starting point, we are primed to revolutionize what people know as the Worldwide Web.

What does this interconnected future look like when we walk into a physical store? Think of it this way — When you visit a clothing tailor, does it make sense to continuously get measured to purchase the right outfit? Or if you have a regular order at a cafe, why would you have to request it every time? If you had a device that just pinged you for confirmation of your order, instead of all the hassle you would have to go through before, you can complete activities like those mentioned with just one click. The world is moving faster and more efficiently, therefore, businesses that do not adapt to this fast, interconnected future will be left behind. Anoop’s expertise and experience in business and manufacturing has taught him this.

Nitro’s CEO also further explained Nonfungible Miners (NFMs) and their innovative, next generation properties as well as their role in Nitro Network. NFMs are the representation of the infrastructure in the ecosystem. They are an innovative solution and are a combination of DeFi and NFTs, a rare double whammy.

Yes, Nitro Network’s NFMs are designed extremely well with the Nitro Bot art, but why would you choose this over any other NFT? Unlike your cool-looking meme art, NFMs have utility, therefore, a PFP isn’t your only option. Instead, you can use it to mine, generate rewards and own an asset that is a focal point for an entire network.

Also, there are only 25,000 NFMs in circulation (for the time being). If NFTs with virtually no utility are so highly valued, then imagine how much NFTs with decentralized finance implications will be worth in the future.

Anoop also briefly talked about Nesters and how nests are strategic in mining areas. In other protocols, miners compete for the same rewards, however, Nitro Network greatly improved on this model by solving the pain point of coverage overlap. Click here to read more about the innovation that Nesting brings to the table.

Lastly, Anoop highlighted the Cointelegraph partnership and its importance to our overall vision, well worth the hype it generated among Nitro Network fans and the crypto community as a whole. With two giants working side-by-side, integrating their teams together in order to push Nitro Network’s ambitious vision forward, the incredible, decentralized future that you can only dream of is closer to becoming a reality.

ICO Speaks AMA

In the ICO Speaks AMA, Anoop also talked about his origins, from founding the micro utilities startup, Jiffy Charge, and taking it to the next level after being acquired by Nitro Network. With his belief in IoT and decentralization to change the world, Nitro Network is poised to do just that.

Anoop also gave a brief intro to Nitro Network, and the evolution of the Nitro ION miner into the Nonfungible Miner (NFM), with all of its aesthetics, reward system and nesting properties. The NFMs double as bringing out a brand new vision of mining and being valuable generative art collectibles with accelerating value, keeping our vision alive for everyone on Nitro Network to be winners!

Explaining Nitro Network’s powerful, yet simple vision, Anoop talked about the IoT-DeFi hyperconnected world and building the largest private communication network. He also explained how we invented the idea of Digital Mining, where people can host / mine on the network and earn rewards effortlessly from their location. By removing the barriers to mining and making it accessible through the removal of hardware costs, we have kept our vision alive for those who would not normally enter the world of mining.

Moreover, the topic of the token burning plan was mentioned. Nitro follows a burn and mint equilibrium token economic model. By creating the network, driving partnerships, bringing the revenue and ultimately buying NCash off the market with the revenue to burn it off, we plan to create sustainable, long term value for holders in our community.

Along with talking about our successful HACKEN security audit certificate, our massive partnerships with Cointelegraph and AVAX and upcoming new exchange listings, Anoop gave an amazing array of updates for the community to be excited about.

MASSIVE Updates: Marketplace Launch, Tier 1 NFMs Sold Out, Nesting Platform, and Pangolin DEX Listing

Marketplace Launch: Nitro’s marketplace is projected to be launched by the end of March 2022. By purchasing an NFM from Nitro Network’s native marketplace, buyers not only get a unique Nitro Bot NFM but also the rewards generated via the Nitro ecosystem (subject to the type of NFM you have bought).

Tier 1 Iconic NFMs Sold Out: Tier 2 Premium NFMs and Tier 3 Top NFMs are still available. With all the hype that Nitro Network has generated recently, if you want to own an NFM, you have to act fast! The Nitro Bot NFMs unlock mining rewards on the Nitro Network and double as rare, generative art collectibles.

For a detailed and deeper dive into Nitro Bot NFMs, click HERE

Nesting Platform: Our Nesting platform launch has had an incredible start. Users are adopting the platform, providing their location and address to become future Nesters. Nesting has been popularized on our social media channels. The community, as always, has been supportive of the idea of Nesting and becoming “nesters” on Nitro Network.

Pangolin DEX: Nitro has been listed on the Pangolin Decentralized Exchange (DEX). You can super farm yields on Pangolin, with 1200% rewards for early birds who want to get a head start. This is a big listing and you can rest assured that there will be more to come!

Conclusion

With all of these updates reverberating through our robust ecosystem, Nitro Network is diving headfirst into the next generation of decentralization. If you thought this was the end of big announcements in terms of sponsorships and upgrades, then allow us to keep surprising you with what we have in store for the future. Nitro Network’s vision will continue being realized, and we will keep making our mark in the decentralized world to come.

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About Nitro Network

Nitro Network is building a world of private communication networks powered by IoT together with LoRaWAN/3G/4G and 5G. This hyperconnected world is the IoT alternative to cellular networks unlocking a $3 trillion market opportunity. We believe our decentralized private telecom networks is a gamechanger built on a blockchain with our proprietary token NCash at the core that drives utility and value from unlimited use cases. We are creating an inclusive ecosystem incentivizing users to own, operate and earn from the private networks of the future.

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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.