Photo - Nitecoin
32570

Nitecoin

USA, Ohio
Market: Crypto currency
Stage of the project: Prototype or product is ready

Date of last change: 10/23/2018
Min investment
$  12.500
0
Total required
$ 250.000
Rating
equalizer 133 из 1000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:

Idea

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.

Current Status

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.

Market

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.

Competitors

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.

Finance

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.

Offer for investor

$1000 = 20,000 Nitecoin
$5000 = 100,000 Nitecoin
$10,000 = 250,000 Nitecoin

Team or Management

Incubation/Acceleration programs accomplishment

Rev1 Startup accademy
Comments:

You need to login

5,00
1
2
3
4
5
1 voice
Log In/register
arrow_back
EN
more_horiz
close
visibility14
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video