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Nitro Network is building a decentralized private network world and enabling people to build and monetize the next generation of data, products and services.
NCASH is the native cryptocurrency and protocol token of the Nitro Network. NCASH is an AVAX native token that acts as currency within the Nitro Network ecosystem.
As the token of the Nitro Network, NCASH creates the basis for reward systems, incentive programs and liquidity programs.
Nitro Network is building a world of private communication networks powered by IoT and LoRaWAN/3G/4G and 5G. This hyperconnected world is an IoT alternative to cellular networks, unlocking a $3 trillion market opportunity. We believe our decentralized private telecom network is a game changer built on the blockchain with our proprietary token NCash at its core, driving utility and value for limitless use cases. We are creating an inclusive ecosystem that incentivizes users to own, operate and profit from the private network of the future.
NCASH Token Usage
NCASH Token is designed to meet the needs of three parties in the Nitro Network PCN (Private Communication Network) ecosystem.
Nester: To host Nitro ION Miner for NCash mining, maintain uptime and ensure network coverage in respective regions.
Miner: Mining NCash to promote PCN infrastructure construction and participate in community incentive programs.
Enterprises and Developers: Use the Nitro Network to connect devices and build IoT applications. NOS is a USD-pegged utility token derived from NCash in the burn transaction, used to pay transaction fees for wireless data transmission on the network (except for functions such as adding hotspots and sending).