Nitro Staking Genesis Updates

Published on: 26.06.2022

Nitro Staking Genesis Updates, Nitro Network Genesis staking portal launches, all current NCash holders who have staked before February 2022 are considered Genesis Nodes.

Genesis Nodes are eligible for the Genesis Staking Portal, which grants NCash holders a plethora of rewards and benefits that range from NFTs and additional NCash to surprise airdrops!

The Genesis Staking Portal places a specific emphasis on wallets that have been holding NCash for a relatively long time. These nodes — called “OG” Genesis Nodes — will be eligible for special rewards and prizes. Some may be wondering: How does the process work?

The Genesis Staking Portal has 489 wallets*, thus the reward per wallet is 143,149 NCash per month or 477 NCash per day. Participation criteria are simple. Stake 100,000 NCash on the Genesis Staking Portal. Nitro Network members may invest up to 1 million NCash to get the greatest rewards. The Genesis Staking Portal will distribute awards to Genesis Nodes for 50 years, a lifetime of benefits.

Benefits

Nitro Network has always emphasized the importance of its community, and it will accomplish this in part by providing special reward bundles for OG Genesis Nodes, since Genesis Nodes have been staking NCash before February 15, 2022.

These nodes will get a one-time 20% discount on a Non-Fungible Miner (NFM) from the Nitro Network Marketplace. OG Genesis Nodes will get a 5% airdrop bonus on their original stake value, the value of NCash tokens held before February 15. By mid-July, distribution will end.

Distribution

The distribution of Genesis Staking Portal rewards will take place in a straightforward manner. The value of one’s staking rewards will be recorded on a daily basis as per the units of NCash maintained at 1 unit = 100,000 NCash. Hence, a Genesis Node can stake a max of 10 units.

To ensure Nitro Network stakers have a comfortable experience, users will always have ultimate flexibility over their NCash. Node holders will be able to stake and unstake at any time.

About Nitro Network

Nitro Network is building the largest decentralized private communication network (PCN) powered by IoT combined with LoRaWAN and 3G/4G/5G. This hyperconnected world will enable unlimited use cases in our everyday life. Participants of Nitro Network’s decentralized PCN are part of an inclusive ecosystem that they own, operate and earn from. Nitro Network’s PCN will be a game-changer and has its proprietary token, NCash, at its core.

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