May 17, 2022
Blockchain Blockopedia NFT

Everything you need to know about Genesis Node Mining on the Nitro Network

The era of Web 3.0 is exciting and, with decentralisation at its core, Nitro Network is proving to be among the first gateways to Web 3.0, ushering in the Internet’s next revolution.

Nitro Network provides the decentralised network architecture that internet users throughout the globe require. It aims to integrate safe sharing networks, decentralised consensus networks, and trusted Internet development platforms under one umbrella. 

What is the Genesis Node?

All existing NCash holders who participate in the company’s staking programme and join the NCash Community on Twitter qualify as Genesis Nodes. That is to say, if you have NCash in your wallet, you have the option of becoming a Genesis Node. All you need to do is stake which will act as a whitelisting mechanism for genesis nodes.

Once done, you will be instantly eligible for all of the prizes mentioned in our earlier post.

NCash holders will receive a 150 percent annual percentage rate for the next three months.This is in addition to the usual benefits associated with genesis nodes.

For staking, users will need to whitelist themselves. The process will begin on November 15th, 2021.

The whitelisting procedure will take three months. To qualify for both the above-mentioned incentives and to become Genesis Nodes, applicants must complete the whitelisting procedure by February 15, 2022.

If you intend to participate in the Genesis Node awards, you must deposit your token according to the guidelines provided in order to begin staking on November 15th. After February 15th, all staked tokens will be automatically converted to new tokens. These new tokens will be available on our platform immediately. 

Once this procedure is completed, two distinct sorts of Nitro Network communities will exist.

Genesis Nodes that staked their token within the required timeframe are classified as Category 1. These individuals will earn prizes for the next 50 years and a 150% annual percentage rate on the days they staked NCash until February 15, 2022. Genesis Nodes will immediately get fresh tokens under our new smart contract. Just to clarify, you must continue staking the same number of NCash tokens that you did today, not the rewards, in order to maintain your status as a genesis node.

After February 15, 2022, non-Genesis nodes that did not stake will be required to exchange their token for a new one through our platform, which will be online on February 15.

They will not be rewarded for genesis. They may, however, stake their token in order to receive the same 90 percent APR business staking incentive as all other token holders.

To participate in any staking programme, tokens must be put into the shared address, and all redemptions will be processed back to the account address from where the tokens were received.

Related posts

Welcome to Mars: I own everything, have total privacy and life has never been better

DeFi protocols declare losses as attackers exploit LUNA price feed discrepancy

How do crypto monitoring and blockchain analysis help avoid cryptocurrency fraud?

21 comments

Montejoype May 3, 2022 at 8:00 pm Reply
WilliamNem May 5, 2022 at 10:05 am

ivermectin covid 19 mayo clinic ivermectin insecticide where can i buy ivermectin for dogs

Reply
WilliamNem May 6, 2022 at 7:09 am

cialis everyday cheapest cialis usa canadian online pharmacy no prescription cialis dapoxetine

Reply
WilliamNem May 7, 2022 at 5:18 pm

6 prednisone prednisone 10 mg price buy prednisone without rx

Reply
WilliamNem May 8, 2022 at 7:44 am

purchase prednisone canada buy prednisone online prednisone 300mg

Reply
WilliamNem May 8, 2022 at 9:46 pm

cialis without doctor prescription male dysfunction causes for ed

Reply
WilliamNem May 9, 2022 at 12:12 pm

10mg prednisone daily prednisone without prescription medication prednisone 21 pack

Reply
WilliamNem May 10, 2022 at 9:08 am

cialis with dapoxetine (generic) cheapest cialis usa cialis online paypal

Reply
Charleswrisk May 11, 2022 at 8:08 am

buy ivermectin canada ivermectin pharmacokinetics ivermectin manufacturer

Reply
Charleswrisk May 12, 2022 at 1:02 am

prescription meds without the prescriptions how to get prescription drugs without doctor canadian pharmacy

Reply
madridbet May 12, 2022 at 11:21 am

Everything you need to know about Genesis Node Mining on the Nitro Network – block2block.io

https://ikvpn.com/tag/dijital/

Reply
meritroyalbet May 12, 2022 at 3:19 pm

Everything you need to know about Genesis Node Mining on the Nitro Network – block2block.io

http://www.gabelanglois.com/uncategorized/hello-world/

Reply
Charleswrisk May 13, 2022 at 4:07 am

propecia hair growth propecia sale propecia hair loss

Reply
meritroyalbet May 13, 2022 at 10:40 am

Everything you need to know about Genesis Node Mining on the Nitro Network – block2block.io

https://ptut.edu.pk/academic-linkages-3/

Reply
Charleswrisk May 13, 2022 at 8:14 pm

anti fungal pills without prescription buy prescription drugs from canada prescription drugs without doctor approval

Reply
Charleswrisk May 14, 2022 at 12:45 pm

durvet ivermectin paste egg withdrawal ivermectin tractor supply ivermectin injectable

Reply
eurocasino May 14, 2022 at 4:18 pm

Everything you need to know about Genesis Node Mining on the Nitro Network – block2block.io

https://www.smartlocker.it/lera-degli-acquisti-online/

Reply
Charleswrisk May 15, 2022 at 5:46 am

ed pills that work treatment for ed best otc ed pills

Reply
Charleswrisk May 15, 2022 at 6:52 pm

ivermectin warnings purchase oral ivermectin ivermectin injection for dogs

Reply
Canadascery May 16, 2022 at 11:53 am

ed pills for sale ed treatment drugs medications for ed

Reply
Canadascery May 17, 2022 at 2:52 am

discount prescription drugs online highest rated canadian pharmacies aarp approved canadian online pharmacies

Reply

Leave a Comment