A new cryptocurrency that has 348million users on day 1
No, you didn't read wrongly nor was it a typo. Yes, it is 348 million unique users on smartphone. A new major cryptocurrency is about to be born.
which coin is this ?
Never heard of it ? yes the number is mind-boggling, staggering in fact even when compared to the 18 million Bitcoin wallets created to date. In fact the actual active Bitcoin users are much smaller in numbers. A research at Cambridge University recently estimated active Bitcoin users to be at a population of 5.3 million to 11million users.
NITRO is the coin in question. It is a cryptocurrency project that aims to solve ecosystem problems of the video games industry.
NITRO received a huge boost to its reach today with the announcement of its affiliated company, iCandy Interactive Limited reaching a binding agreement to acquire the entire games portfolio of leading mobile game company, Animoca Brands.
The addition of the Animoca Brands’ game portfolio of 318 mobile games to iCandy’s network will add 325 million unique smartphone gamers to iCandy’s existing 23 million. The combined portfolio will have a total of 348 million smartphone gamers spread across 330 game titles. iCandy has said that it will be available all its games to accept Nitro tokens.
What this means is that NITRO tokens will enjoy a ready audience of 348 million gamers worldwide, right from its launch. This is incredibly powerful audience that this could potentially pave the way for NITRO tokens to be one of the most used cryptocurrencies very quickly after its launch.
The video-games industry generates US$100 billion a year and Nitro aims to enable equitable participation for all parties in this economy. NITRO is the first cryptocurrency project in the world backed by a publicly listed company (independently verified by DealStreetAsia.com).
The NITRO token is soon going on pre-sale from 19th November 2017 owards at NITRO's website www.nitro.live . This is definitely a coin worth keeping an eye on.
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Come on guys let's do some research on thi one.
yes we should do some research on this one. it looks good. i am going to get some.
Have you done enough research ? We are very excited about the prospect of building this into potentially the most used cryptocurrency. The audience is ready. We are hoping to convert 25%-35% of that gamer community to use NOX right out of the door when we start accepting NOX on our games. Do the math in your research and tell me how many transactions we could be seeing in 5 years from now.
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So right now you guys are at $16.00 a Share in Australia?
A$0.16 a share, with approx. A$50 million marketcap
People who have been in crypto for a while are the same computer geeks that are in video games :) Upvote if you agree :)
Vitalik Buterin used to play WOW & LOL before
partly yes, but not all of them
finally video games are worth the time :)
They've been worth the time for a while now though. At least some of them...
E-sports tournaments have millions of dollars prizes, so yeah, it's worth the time. You just need to be really good at them.
nope.its all about hard work
The only games I have played apart from brain teasers, are Clash of Clans and Mafia Wars, never played a video game (don't get) but I get cryptocurrency
agreed !
what is the price prediction for 2018 ?
Hi @vctragbor1,
I have been mining, lending, and investing in crypto for a while now, and I examine coin market cap religiously. It seems Nitro will have no more than 60 to 70 mill tokens in circulation, which normally would result in the price settling somewhere around $3 to $5. Anything less than that would project it as significantly undervalued and eventually get the price there as well. Since they already have institutional investors involved and will be utilizing the tokens within gaming platforms (similar to how Steemit uses sbd and and steem), you can suspect the price will be stable even if there was a massive sell-off on exchanges, due to all of the institutional money already locked in. It seems at the very least, those involved in this pre-sale and crowdsale would see anywhere from 300% to 350% gain immediately out the gate. The variable here however is iCandy Interactive's user base. Blockchain technology and gaming is like ice cream and cake; you know you should put them together but you haven't got around to it because each is awesome on its own as is, but whoever finally does solve this equation...
A good rule of thumb however when assessing the value of mobile apps and mobile games, even those that aren't monetized is to count each user as a potential $3 USD per year. That would give a Nitro a market cap well over $1 billion, before you even get into the nitro platform and marketplace for game development. This would put Nitro in the top ten of the Coin Market Cap list on day 1 and there isn't a single crypto in the top ten with a price below $15, except IOTA and NEM, but they have billions of coins in circulation.
IN OTHER WORDS.
dude this is some good shit. each blockchain industry has potential to capture a large audience. video games, virtual reality, gambling all practically work in synergy on the blockchain. can even throw in some bots there too. what a time to be alive! #moon #tesla #nitro
Great analysis.
thank you, I agree :) this is about usage, actually it has always been about usage. Video games is perfect for cryptocurrency. Game makers have been wanting an efficient and cost-effective global payment platform, and trustless would make it much easier to adopt across borders and culture
What about Amazon
fuck amazon. All they care about is retrenching people with technology and creating more of a monopoly
#moon
now this is the type of reply I like 👍🏻
Brilliant
And what do you think?
cryptocurrency that has 348million users on day 1@@@ so much?
Thats the number of smartphone users iCandy, our affliate has on its game network. Hopefully we can convert 25-35% of those gamers to use NITRO tokens almost right of the door. That will still be a lot of users
sounds good
That does sound very good. I wish I could've come up with that concept. It's pure genius.
that is so much.... how did they advertise that? are they hyping investors?
OMG THIS IS FOR GAMERS!!!!!!!!!!!!!
its not hype . its a fact. iCandy is a publicly traded company on the ASX. Read our announcement on our official webstie www.icandy.io and also the Australian Securities Exchange website too if you like :)
Hi @kinwai,
I agree with you. This could be big.
Good post,
Later,
Shaun
thank you - we are focus on designing a cryptocurrency that drives usage and solves industry problem. NITRO is the genesis of all these. We are excited !
wow that is very interesting of what they are doing. I have thought the only reason a coin increase in value is do to more participants investing into it. However by having the reverse I wonder how that will work. Definitely keeping an eye on.
este mundo es cada vez mas impresionante
I don't think that there is a future for games in smartphones in general.
Hello @kornipeterson,
Where there is a democratized global economy for games, there will always be a vast majority who access that economy through the most cost effective method possible. Currently, that is through mobile devices.
You have to remember the reason why Bitcoin is increasing in value is because the first wave of adopters know that not everyone has the same resources or benefits, but eventually people will be able to perform cryptocurrency transactions on a Nokia 1100, which is still the most commonly used phone in the world (220 million users to be exact).
Smart phones in the "future" will be the Nokia 1100 of today. And don't forget about VR and augmented reality casual gaming that can be integrated within the day to day routine using smart phones.
contrary to your belief, this is the fastest growing sector of phone. All other sectors outside of smartphone games are facing challenging time in fact. I have been involved in game studios for more than a decade, trust me - I know a few things about the game industry
Great take over a billion !