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.
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