Nitro Network Swapping Portal is Live!

Published on: 06.03.2022

Nitro Network Swap Portal is Live, with Avalanche partnership , Migration of NCash from the native ERC 20 chain to native AVAX L1 holds many advantages for NCash holders.

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.

1. To begin with you get 150% APY on staking.

2. 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 get new AVAX NCash, giving you up to $100 reimbursement in gas fees!

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

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 March 5th, 2022 and 12.00 pm March 15th, 2022. Example: If you swap 100 NCash in this time period you get 105 NCash tokens
Get 3% bonus reward by swapping between 12.00 am March 16th, 2022 and 12 pm May 15th, 2022. Example: If you swap 100 NCash in this time period you get 103 NCash token

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. It will be released on 15th and 30th/31st of each month. Cycle starts from 31st of March.

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. They believe their decentralized private telecom networks is a gamechanger built on a blockchain with their proprietary token NCash at the core that drives utility and value from unlimited use cases.