RE: NOIA – The Next Gen Content Delivery Network

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NOIA – The Next Gen Content Delivery Network

in cryptocurrency •  6 years ago 

Good to see you my friend @crypto.piotr. Hope you are fine and doing well.

Excellent review.

Thank You very much for your kind words but this was not possible without your support.

utility token, security, payment token or .... ? I would love to hear your opinion as Im myself not sure how to classify NOIA network.

Now a days it hard to classify token type. As previously there were 2-3 token type introduced. Now a days so many projects are coming with different idea, different goals so to fit in specific category we are seeing new token types & I think there will be more in future too.

In theory it does look very much like a utility token (one of very few real ones) but since their goal is to launch funds then it raises just a small question marks in my head.

If someone ask me I will say it's "Utility Token" for sure.

As NOIA is an utility token, it will be used within their ecosystem. So imagine NOIA has x amount of tokens. A content aggregator needs to deliver content, and to deliver content within NOIA Network they must have a certain amount of NOIA tokens, as amount of data transferred is pegged to NOIA token. For example 1 GB = 5 NOIA's. So content aggregators buy large packs of NOIA tokens from exchanges or their liquidity pool. As they transfer data, they spend tokens for that and NOIA distributes tokens to the nodes. Afterwards, people sell their tokens on exchanges and the circle goes on and on.

Hope this clears the confusion.

I've been in touch with their representatives for quite some time and Im fully aware, that they follow all necessary regulations and they consult every move with the lawyer. So investors shouldn't be worried about putting money into this project.

Yes and people are trusting NOIA already. Thank you for sharing this information, users will get more confidence in this project after reading your comment.

Thanks again for your continuous support my friend @crypto.piotr.

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Sorry that I not noticed this before as I was checking article from my cell phone and asked those question again @flash07.

If someone ask me I will say it's "Utility Token" for sure.

I thought the same that it's "Utility Token" :)

As NOIA is an utility token, it will be used within their ecosystem. So imagine NOIA has x amount of tokens. A content aggregator needs to deliver content, and to deliver content within NOIA Network they must have a certain amount of NOIA tokens, as amount of data transferred is pegged to NOIA token. For example 1 GB = 5 NOIA's. So content aggregators buy large packs of NOIA tokens from exchanges or their liquidity pool. As they transfer data, they spend tokens for that and NOIA distributes tokens to the nodes. Afterwards, people sell their tokens on exchanges and the circle goes on and on.

Thank you for such a nice explanation with example my friend. I really understood that how NOIA will work and why it comes in "Utility Token" category. You explained all things in 1 answer.

Thanks again my friend @flash07.

I love you always supportive and responsive you are @flash07

Im blessed to know you :)
Piotr

I love you always supportive and responsive you are @flash07

Thank you for such a nice comment - this values more then $100 upvote my friend :)

Im blessed to know you :)

Same here.

Great day my friend.

As NOIA is an utility token, it will be used within their ecosystem. So imagine NOIA has x amount of tokens. A content aggregator needs to deliver content, and to deliver content within NOIA Network they must have a certain amount of NOIA tokens, as amount of data transferred is pegged to NOIA token. For example 1 GB = 5 NOIA's. So content aggregators buy large packs of NOIA tokens from exchanges or their liquidity pool. As they transfer data, they spend tokens for that and NOIA distributes tokens to the nodes. Afterwards, people sell their tokens on exchanges and the circle goes on and on.

Wow looks interesting. I am going to read about this project more and more.