Nitro Network is building a decentralized private network world, enabling people to construct networks for the next generation of data, products, and services and monetize them.
NCASH is the native cryptocurrency and protocol token of Nitro Network. NCASH is an AVAX-native token that serves as currency within the Nitro Network ecosystem. As the token of Nitro Network, NCASH lays the foundation for reward systems, incentive programs, and liquidity initiatives.
Project Introduction
Nitro Network is constructing a private communications network world powered by the Internet of Things (IoT) and LoRaWAN/3G/4G/5G technologies. This hyper-connected world is an IoT alternative to cellular networks, unlocking a $3 trillion market opportunity. We believe our decentralized private telecommunications network, built on blockchain with our proprietary token NCash at its core, is a game-changer that drives utility and value across countless use cases. We are creating an inclusive ecosystem to incentivize users to own, operate, and profit from future private networks.
NCASH Token Usage
The NCASH token is designed to meet the needs of three parties within the Nitro Network PCN (Private Communication Network) ecosystem:
Nester: For hosting Nitro ION Miners, ensuring uptime, and securing network coverage in their respective regions.
Miner: For facilitating PCN infrastructure development and participating in community incentive programs by mining NCash.
Enterprises and Developers: Using Nitro Network to connect devices and build IoT applications. NOS is a utility token pegged to the US dollar, derived from NCash in burn transactions, used for paying transaction fees for wireless data transmission on the network (in addition to adding hotspots and sending features).