Nitro Tokenomics Update
Nitro Tokenomics Update, Nitro Network would like to present its first NCASH tokenomics update.
This update includes current and future minting rates, token burning, and reward distribution. Nitro Network’s mission is to reward all contributors to network development while advancing tokenomics and private network client development.
Nitro Network’s core team has compiled the data below to show all the various categories and the current minting and distribution statuses of each. This will require strategically building infrastructure; therefore, Nitro Network will adopt a “mint as per usage (generative minting)” reward strategy by offering different pools for those who join now.
Current NCash minting & distribution allocations
Nitro Network’s current areas of focus will be on Network Infrastructure Mining, Network Coverage Validation, Network Data Transfer and Staking Rewards. The different allocations are as follows:
- ICONIC (Tier 1)
- PREMIUM (Tier 2)
- TOP (Tier 3)
The following table provides more detailed information on each reward category and its respective allocation:
The Network Data Transmission pool rewards network usability, especially data utilization and data packet transfer.
Revision of NFM mint targets
Nitro Network has announced plans to revise its NFM mint maximum as a result of the disparity between the original NFM mint maximums and the actual NFMs minted. Nitro Network’s goal with this revision is to provide its community with a more beneficial transaction and reward distribution system.
The revised NFM mint maximums and rewards are as follows:
Nitro Network will release more updates to the community as new reward pools are activated! Make sure to join the Nitro Network Discord to stay up-to-date — and even get those burning questions answered!
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.
SOURCE:
https://nitronetwork.medium.com/nitro-network-tokenomics-update-bba7ea50367d
