Nitro is an online digital currency project created to solve many of the problems inherent in the video game industry, the first digital currency project in the world supported by a publicly listed company (independently verified by DealStreetAsia.com). Nitro was created by the founders and management of iCandy Interactive Limited, the leading mobile entertainment group in Southeast Asia listed on the Australian Stock Exchange. Nitro involves the creation of digital currencies based on the ethium. Nitro code, NOX, integrated market, Nitro market.
A unique proposition powered by existing award-winning works
Nitro has a compelling and unique proposition as compared to many emerging digital currencies that are often concepts and models with just no business or track records. In contrast, Nitro supports iCandy Interactive, the award-winning and existing business with many prominent shareholders and founders. ICandy has been in the development and deployment of games for more than 6 years and has an existing community of more than 348 million smartphone users (supported by the recent acquisition of the Animeoka gaming portfolio). Nitro codes will be introduced in the games developed and published by iCandy and are likely to be placed for early adoption within the strong 348 million people on the first day. This proposal significantly reduces the risk of implementing the Nitro Action Plan, as compared to other currency projects.
A comprehensive approach to solving ecosystem problems
The video game industry is a $ 100 billion industry a year and the nature of the industry is susceptible to turbulence by digital currency technology. There are quite a number of digital currency-related projects that have won the interest of the digital currency community worldwide. However, Nitro is among the most credible and broadest digital currencies for the video industry yet.
Nitro seeks a comprehensive, end-to-end approach to solving the complex challenges of the video game ecosystem with the technology of plucin. In its current form, Nitro has considered the interests of all stakeholders in the video game industry, from players, game studios, publishers and financiers.
One of the main features of Nitro is that players and speculators can easily become the owners of the nitro code to participate in the booming video game economy. This is the democratic participation of the video game economy so far and it is almost impossible for the average person to participate and benefit from the economy of video games. Players will be able to use one digital currency in all games on the Nitro Marketplace for purchases in the game, get an incentive to participate, The process of developing the game will ultimately get rewards from the industry economy and symbolic owners. Game publishers and studios will get access to marketing to the audience of players in an effective and transparent way.
Supported by boards VCs, Unicorn web and developers
Nitro is supported by 3 venture capital funds established in Singapore as shareholders of the iCandy Interactive, which includes the Fatfish Group, Incubation of Finance and the BB Fund (the BlockTech Fund dedicated by the Fintech VC Life.Sreda). Other iCandy shareholders include Internet Baidu ($ 60 billion Chinese Internet Corporation) and the World Mobile Developers Association (GMGC), one of China's most influential gaming networks. The Nitro project is designed and manufactured by a video game industry with successful track records in the video game and venture capital industry. These records will translate into the invaluable know-how in building a sustainable business model that will benefit all NOX code holders.
A code designed for both the utility and the reward recipients
Financed nitro games and other third-party games can use the nitro market and its API to deal with players, especially from the 348 million smartphone users of the interactive iCandy. The efficiency of plocin technology will allow micro-payment to happen effectively in games and the market. Players will be encouraged to use the NOX sub-code, NOD, to purchase virtual goods and power packs from games with added incentives such as low pricing structure and unique offers that differ from the payment of paper currency. This will push the great use of the nitro code in the existing player community of Interactive Ikandi.
At the end of the development of the proposal Nitro will finance the development of game titles from the proceeds of the symbol sale and will share funded games revenue that reaches 20-30% of their revenues with nitro over a 5 year period from the date of financing. Where 60% of the receipts will be used to renovate the Game Finance Complex, while the remaining 40% will be used for marketing and operating costs. To promote nitro accreditation, nitro will be distributed to the holders of NOX bonuses based on their level of participation in the games on the nitro market. Nitro will re-purchase NOX from the market to renew the bonus from time to time; and enhance NOX value.
Possibility of subversive Eco-Capital Market Model
With growing interest in eco, it has become important for the Eco project to be certified by credible companies and individuals. In the field of rapid encryption change, there is the emergence of an enhanced eco-model, where key eco-friendly companies are using new financing initiatives in a professionally managed framework. This is the first time a listed company on the major international stock market actively supports digital currency. And could pave the way for a new trend from mainstream public companies using Eco to launch new financing initiatives