Nitro (NOX) - Tokenize Video Games
Nitro is an independent, blockchain-based online collaboration platform, which seeks to allow participation in the video-games economy, to connect various stakeholders, and to achieve growth for the overall Nitro network. Nitro is backed by a publicly listed company, iCandy Interactive Limited. iCandy Interactive, will make its 330 games and over 348 million gamers available to the Nitro platform from Day 1 of the Nitro Marketplace.
Vision
Nitro seeks to envision a holistic platform which brings together developers, marketplaces, publishers, and gamers, in order to solve the problem of participation and information flow between these various players for the overall benefit of the industry.
Dynamics of the Nitro Platform
- Issuance
NOX (Nitro token): A blockchain-based token that is the centrepiece of Nitro activities, to be used on the Nitro platform.
- Curation
A panel of industry experts will curate Promising Game Studios (PGS) and submit video-game funding proposals to the Nitro platform.
- Voting
NOX holders can vote on their favourite games, and if sufficient votes are received, the proposed video game will undergo a funding process.
- Funding
Funding will be received in Fiat currency or Ether, which would be used by the video-game studios to develop and market their games. This funding will be provided by Nitro.
- Post-Funding
60% of the revenue share received by NITRO in NOX will be purchased on exchanges and converted into BTC/ETH/Fiat to fund new games. NITRO has the right to balance the allocation of funds by using up to 40% of the revenue share for marketing and operational costs as well as for rewarding NOX holders.
- Exchangeable to In-Game Sub-token
NOX holders will be able to exchange NOX for sub-token called Nitro Dollar or NOD which is pegged to US Dollar (1 NOD to 1 USD), NOD will be used for in-game credits and items. All the games on Nitro Marketplace will use NOD as an in-game currency. NOX holders receive a 10% discount when purchasing NOD using NOX.
NOX Tokens Usage
- Usage within the Nitro platform
- Tokens used for voting
- Tokens used as a form in-game currency
- Tokens used as rewards for long-term supporters of the platform
Benefits for Everybody
Source
Token Distribution
Proceeds Distribution
Pre-Sale Information
- Sale Period: 19/11/2017 to 23/11/2017
- Price: 1 ETH = 800 NOX
- Accepted currencies: BTC & ETH
Crowdsale Information
- Sale Period: 1/12/2017 to 26/12/2017
- Price: 1 ETH = 800 NOX
- Accepted currencies: BTC & ETH