Nitro Network — No roadblock to its plans
NFM, staking, rewards, token upgrades
As the weeks pass and our development team pioneers the future of what is to come, some changes must be made. Our various technological improvements and innovations such as NFMs, rewards, staking, swapping and liquidity programs require a smart contract upgrade to allow for such functionality and swiftness. With big improvements comes big change, and ultimately a big future…
With that being said, our larger picture has always been linked to our vision — creating an inclusive ecosystem for the community to build, earn and grow with NCash at the core. As many of you know, we are upgrading our smart contract to continue our NFM, staking, swapping, reward and liquidity programs. We approached all exchanges with an upgrade request, and unfortunately it was turned down by Binance. However, our plan is intact to continue the migration to AVAX. Therefore, here are some of the exciting updates we have for you:
- New & upgraded smart contract deployment on Avalanche L1
- Partnership with Avalanche (AVAX)
- Our swapping portal will soon be live to swap old NCash tokens for new ones.
- Effortlessly continue to stake and then convert to the new AVAX token at the end of the staking program
We have also reached out to other exchanges where NCash is listed in order to issue a smart contract update to ensure liquidity for the new NCash tokens. Regardless of which exchange your NCash is held, Nitro has you covered.
We would like to assure the community that our staking, swapping and liquidity initiatives are active. We will also be announcing major partnerships in March 2022, so stay tuned for that!
Nitro Network believes that in order to succeed, you must constantly be striving for better. With that being said, our partnership with Avalanche (AVAX) supports the company’s ambitious expansion plans. AVAX will fully support Nitro with marketing assistance in its massive community ecosystem, thanks to its superior scalability and optimized TPSs.
Nitro Network has been at the forefront for rewarding its community for their loyalty. The present example being the staking program. Our community is making the most out of the Genesis Node staking rewards that are offering 150% APY.
Such thought-out token reward plans are a culmination of eight years of product development and cooperation with partners, which has resulted in an optimal incentive for Network Miners and Nitro Nesters.
You will also get to hear one-on-one conversations from us during our upcoming AMAs. Our marketplace plans and NFMs (Non-fungible miners) is a brave, new concept that has taken off brilliantly. In fact, our TIer 1 Iconic NFMs are sold out already. In other words, Nitro is moving ahead at a rapid rate as envisioned, and we are taking all of you along the road map we have clearly defined for ourselves in the upcoming months.
We appreciate your interest and support so do continue to follow us on our social media channels. You will find everything you want to know there.
In addition our team is available 24/7 to answer any questions about today’s announcement from Binance and any other queries about our other initiatives you may have. So we would love to keep the conversation going!
At the time of writing this article, we are well on point with our various agendas, so you will be hearing a lot from us soon.
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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