Nitro Swap Portal Is Live

As most of you who have been following us on social media know we are now in partnership with Avalanche. This is a significant move for us and our community. The Migration of NCash from the native ERC 20 chain to native AVAX L1 holds many advantages for NCash holders, such as high TPS, faster finality and AVAL safety threshold among others. This article will detail out how you can transition to AVAX and get the best out of your NCash.

Two ways to get native AVAX new NCash tokens

Option 1- Stake* your old ERC-20 NCash

One option of getting new AVAX native NCash is to go in for staking. As you are aware Nitro brings a whole lot of rewards for stakers.

  • To begin with you receive 150% APY upon staking.
  • Plus an opportunity to become a Genesis Node that makes you eligible for rewards for the next 50 years — half a century!

Benefits of unstaking your old ERC-20 NCash

  • You receive new AVAX tokens that come with a load of advantages — On AVAX L1 you save on gas fees, high TPS so it’s amazingly fast, faster finality and AVAL safety threshold. No more annoying roadblocks to staking. Just rewards!
  • Nitro Network will generously subsidise a reimbursement of up to $100 in gas fees upon staking 1 Million or above NCash

Staking portal : https://staking.nitro.network/
Staking guide : https://nitronetwork.medium.com/nitro-staking-portal-a-step-by-step-guide-to-new-upgrades-b1a630a64494

*Note:- This staking portal is only for old ERC-20 NCash token. New AVAX native NCash can’t be staked on this portal.

Option 2- Swap your old ERC-20 NCash

The second option you have is swapping your old ERC-20 NCash.

Benefits of swapping your old ERC-20 NCash

  • You get native AVAX new NCash upon swapping
  • Get 5% bonus** reward by swapping between 12.00 am PST March 5th, 2022 and 12.00 pm March PST 15th, 2022. Example: Upon successfully swapping 100 NCash within this time period, you will receive 105 NCash
  • Alternatively, Nitro Network users will receive a 3% bonus** reward by swapping between 12:00 AM PST, March 16th, 2022 and 12:00PM PST, May 15th, 2022. Example: Upon successfully swapping 100 NCash within this time period, you will receive 103 NCash

Swap Portal : https://swap.nitro.network/
Swapping Guide Book : https://medium.com/@nitronetwork/nitro-swap-portal-a-step-by-step-guide-3b9d52ab6973

**Note: These bonuses will be airdropped to your wallet later (within 2 weeks of swap)

At Nitro Network, we are always here to support and ensure that all Nitro Network users are rewarded at every step. Our project commitment and dedicated product development has been on track and unravelling seamlessly. Nitro Network’s internal business development team is primarily focused on innovating new initiatives and programs to support all NCash holders. Make sure to follow Nitro Network on all social platforms for daily updates, announcements and giveaways!

Thank you for being a NCash supporter!

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.

Twitter | Discord |Facebook | LinkedIn | Telegram | Website | Instagram

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.

--

--

--

https://nitro.network/

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Tsinghua International Blockchain Association (TIBA) news roundup 11 January

Creating Simple Cryptocurrency using C# and .NET— Part 4. Block Header

Matrixport adds ETH to its Dual Currency Products

UDINESE CALCIO JOINS SOCIOS.COM:

ICO REVIEW: AERGO

Davos: Most Cryptocurrencies Are Going To Extinct — Which And Why Will Survive

1MILLION NWC BURN

Bitcoin News — Five Benefits to a Bear Market

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Nitro.Network

Nitro.Network

https://nitro.network/

More from Medium

Hi Kronians Fast Update !!!

March 16 PlanetWatch AMA recap

StorX Network Q1 2022 Update Announcement

What can you do with the $PLAY you earn gaming?