RE: NOIA – The Next Gen Content Delivery Network

You are viewing a single comment's thread from:

NOIA – The Next Gen Content Delivery Network

in cryptocurrency •  6 years ago 

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.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!