NITRO is a global platform that empowers anyone to partake in the video-games economy.. Nitro ICO rating – not rated.
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Ended ICO : 27/11/17 – 26/12/17
About Nitro ICO (token sale)
NITRO ICO is an independent blockchain-based online collaboration project. NITRO incorporates the NITRO token (NOX), a cryptocurrency and electronic marketplace NITRO Marketplace that are designed to democratize the economy of video-games industry and bring together all stakeholders onto an integrated platform and community.
NITRO Blockchain-based token backed by publicly traded company – Australian Securities Exchange listed iCandy Interactive Limited (ASX: ICI). Supported by game industry veterans and venture investment professionals. A global platform that empowers anyone to partake in the video-games economy Supported by existing game business and network.
NITRO issues NOX. NOX is a blockchain-based token that is the centrepiece of NITRO activities. It will be used on the NITRO platform. NITRO curates and fund games by Promising Game Studios (PGS) PGS submits game funding proposals to the NITRO platform for NOX holders to vote on. Funded games will share its revenue with NITRO Revenue-share will be held in a Vault. Rewards will be distributed from time to time from Vault to NOX Holders, in order to encourage adoption A marketplace will be built by NITRO To connect the entire value-chain of the industry: Gamers, studios, financiers, publishers, marketers, etc. An Economy Powered by the NOX Token NOX / NOD used as in-game currency NOX is exchangeable to the sub-token NITRO Dollar (NOD), that is pegged 1USD : 1NOD. This will be useable as in-game currency.
Value of the network is in the number of nodes it has. NITRO Marketplace involves all industry stakeholders to enable transparency and efficiency in transactions and flow of information, through the NOX Token.
Powered by the underlying NOX Token, the NITRO Marketplace will have an Open API to connect information between stakeholders of the industry e.g. financiers, gamers, game-studios, publishers, promoters. Gamers discover and play games on the NITRO Marketplace using NOX Token as ingame currency while industry players like publishers and promoters get to interact directly with gamers and also perform transactions among one another on the NITRO Marketplace using NOX.