Nitecoin is a crypto token designed to lead the way to truly smart cities where in a decentralized manner the people of a community hold great influence on where these advancements take place.
The erc-token is currently functional to be sent and received and is ready for the first wave of investors to bring its true functionality to light. After this round of investments we should be able to link this token with various social applications in order to start compiling data for analysis.
The idea is to integrate Nitecoin into as wide range of applications to capture the most accurate data on a particular community. With that said a more immediate market consist of users 16-28 who move around their city quite a bit. The user base would be similar to that of the ANO app or Snapchat in the beginning because these folks are most active and suitable to create data. Moving forward we see the impact of the coin on a much larger global scale.
Problem or Opportunity
The opportunity that Nitecoin presents is astounding. We aim to be the driving force behind smart cities following the third distributed cities model where in a decentralized format the citizens can natural provide the information necessary to make advancements where they matter most to the individuals. For instance we plan to attack large scale problems such as traffic in large cities as well as community issues such as potholes that the local government would ignore for months if not years.
Solution (product or service)
Nitecoin aims to function in a decentralized self sufficient ecosystem where integration into various applications such as Another Night Out on the iOS app store will provide the data needed for our miners to process. Both parties mentions would receive Nitecoin for their contribution. The hope is to transfer the power back to the people of a community and allow them to ultimately advance their own environment.
There are numerous cryptocurrencies that investors can invest in but when it comes to our goal of advancing smart cities we have yet to find a comparable competitor. The real juggernaut we plan to overtake is the slow bureaucratic process of local government making slow or unwarranted moves with tax payers dollars.
Advantages or differentiators
One advantage Nitecoin has is its affiliation with the ANO app which has already been established on the iOS store.
We differentiate ourselves by our unique ecosystem that involves data creators, data miners, and investors that benefits all parties involved and lead to direct advancements in society.
The coin will be initially offered for 5cent a coin. Setting the wave 1 goal at 5,000,000 coins or $250,000.
Money will be spent on
The coin is created and able to be sent out and received, the money at hand will be used to integrate the coin with various platforms to create the valuable user data that the platform will be built on. Next a custom protocol will be manufactured to properly serve our unique protocol.