Learned by 102 usersPublished on 2024.04.10 Last updated on 2024.10.15
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Introduction to NCASH (Nucleus Vision) Cryptocurrency
NCASH is a cryptocurrency based on blockchain technology, aimed at improving physical retail businesses through digital identity verification and sensor technology. The goal of NCASH is to build a completely decentralized retail ecosystem to enhance interaction and trust between consumers and retailers.
Main Features:
Use Cases:
Total Supply and Distribution:
The total supply of NCASH is 100 billion, with no plans for additional issuance. The initial sales and distribution methods include: initial sales, team and advisors, market incentives, partners and cooperation projects, ecosystem building, community promotion, private placements, and pre-sales, along with permanent freezes.
According to the information provided, the founder of NCash is Anoop Vootkuri, who is the new face of Nucleus Vision 2.0, now known as Nitro Network. However, it is noteworthy that the original founder of Nucleus Vision (NCASH) is Abhishek Pitti, which may suggest that NCash has undergone rebranding and repositioning during its development.
The following venture capital firms and individuals have been mentioned as investors in the cryptocurrency:
Sequoia Capital, Lightspeed China, Pantera Capital, and other traditional VCs have started focusing on the crypto sector.
a16z (Andreessen Horowitz):
Invested in Solana's $314 million funding round.
Led OpenSea's $23 million Series A funding and $100 million Series B funding.
Polychain Capital:
Participated in Solana's $314 million funding round.
1kx, Alameda Research, Blockchange Ventures, CMS Holdings, Coinfund, CoinShares, Collab Currency, MGNR (Memetic Capital), Multicoin Capital, ParaFi Capital, Sino Global Capital, Jump Trading, and others:
Participated in Solana's $314 million funding round.
Libertus Capital, Blocktower Capital, Konvoy Ventures, Collab Currency's Derek Schloss, Stephen McKeon, and Dallas Mavericks owner Mark Cuban:
Participated in the $7.5 million funding of Sky Mavis, the parent company behind Axie Infinity.
OKX, MEXC:
Provided $40 million in funding for Solana.
This information is primarily sourced from various articles.
Operating Principles of NCash Cryptocurrency
NCash (Nitro Network) is a blockchain-based cryptocurrency primarily used for transaction experiences in the gaming world. Here are the key points of its operating principles:
Decentralization: NCash is a decentralized digital currency that uses blockchain technology to record transactions, ensuring transparency and security in transactions.
Smart contracts: NCash employs smart contracts to automate various operations within the gaming economy, such as virtual item trading, competitive ranking, and reward distribution.
Gaming applications: One of the main features of NCash is its use as tokens within the gaming economy, which can be utilized to purchase virtual items, assume roles, or participate in gaming activities.
Transaction methods: NCash can be traded both within and outside the game, enabling players to transfer virtual assets in the form of cryptocurrency.
Security: NCash addresses cheating issues in games through blockchain technology, ensuring transparency and credibility in all transactions and game operations.
Supply information: The circulating supply of NCash is 7,325,209,600, with a total issuance of 18,467,541,792.
Purchasing and storage: NCash can be purchased on cryptocurrency exchanges and stored in crypto wallets.
In summary, NCash is a blockchain-based cryptocurrency primarily used for transaction experiences in the gaming world, characterized by decentralisation, smart contracts, and security, among other features.