2024

Litecoin

Nano

Read

<p>The Nano project is once again trying to regain the spotlight by adding Web3 features and trying to stand out as a gaming platform.&nbsp;Nano was one of the projects to appear during the bull market of 2017 and 2018, promising to become the digital money of the future. The token went through several booms and busts, finally rebranding itself with a new ticker, XNO.&nbsp;</p>
<p>During the 2024 market expansion, XNO closely tracked Bitcoin’s growth, but so far, XNO has remained unchanged in Satoshi’s terms.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/XMWRjic0zDHhQApZJsZLfcJeIT8g0iovUTunTnX-yLstvFs6STKPlPaEO5vaFntnhzy3fXZ3MMkxGzCoSrZM3tAjrzseXeoX4HtcFI6KwLyAP3VDfwxmWyA_IL_JLts9qQK0E5F1EHQyTt9HW0okrik" alt="">
</figure>
<p>XNO established a new price range in 2024, trading up to a yearly peak of $1.60. Later, XNO took a step back and consolidated at $1.16.</p>
<p>As a payment tool, Nano was almost instant and extremely cheap to use. The coin relied on turning every mobile wallet into a node, propagating transactions with high speed and security. But the Nano project also suffered after the hack of the BitGrail exchange, where it crashed during the 2018 crypto winter.</p>
<h2 class="wp-block-heading" id="nano-tries-to-attract-sustainable-web3-games">Nano Tries to Attract Sustainable Web3 Games</h2>
<p>The Nano network tries to find the right balance with Web3 gaming, which also offers earnings for the best performers. Play-to-earn games exploded in 2021, issuing millions of new tokens for all players. However, the model was not sustainable, and most games had to adapt or disappear.&nbsp;</p>
<p>Nano is trying to bring the next generation of games with more sustainable rewards for playing.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Instant, fee-free transactions with <a href="https://twitter.com/hashtag/nano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#nano</a> go hand-in-hand with <a href="https://twitter.com/hashtag/gaming?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#gaming</a><a href="https://twitter.com/wodoio?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@wodoio</a> knows this very well – The <a href="https://t.co/xJoVOC44Rj" rel="noopener noreferrer nofollow" target="_blank">https://t.co/xJoVOC44Rj</a> gamehub is now live!<br><br>Earn up to Ӿ30 daily by playing the first FPS on the platform! 🎮<br><br>Dive in &amp; start earning <a href="https://twitter.com/search?q=%24XNO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$XNO</a> 👇<a href="https://t.co/zNRDFxkhYd" rel="noopener noreferrer nofollow" target="_blank">https://t.co/zNRDFxkhYd</a></p>— Nano (@nano) <a href="https://twitter.com/nano/status/1788562560372879711?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">May 9, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The XNO token itself will now become a reward, powering a new game ecosystem. Nano has retained a growing community over the years, though always facing the challenge of low token value.&nbsp;</p>
<h2 class="wp-block-heading" id="what-changed-for-nano-after-surviving-two-bear-markets">What Changed for Nano After Surviving Two Bear Markets</h2>
<p>Nano was formerly known as RAI Blocks, an attempt to reinvent global payments. The project always had grass-roots support and proved itself reliable as a way of sending value. Nano also gained support from the Litecoin community.&nbsp;</p>
<p>Since then, Nano turned to new use cases and applications. The goal is to make XNO usable for services and activities to build up organic demand in the long term.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">1/ There is currently a shift happening in <a href="https://twitter.com/hashtag/nano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#nano</a> and the <a href="https://twitter.com/search?q=%24XNO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$XNO</a> community. This shift is setting nano apart from the rest of the <a href="https://twitter.com/hashtag/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#cryptocurrency</a> space…<br><br>What is this shift? Read it in my new article!<a href="https://t.co/jvKq5PKAcw" rel="noopener noreferrer nofollow" target="_blank">https://t.co/jvKq5PKAcw</a><br><br>Too lazy to read? Check below for key takeaways 👇</p>— Forest Ӿ (@ForestHorsman) <a href="https://twitter.com/ForestHorsman/status/1788560553129935110?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">May 9, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>One of the use cases is Nano GPT, where XNO is used to pay for premium prompts. Nano is perfectly adapted for microtransactions, due to its low latency and negligible fees. Microtransactions remove the need for subscriptions, giving access to several LLM.&nbsp;</p>
<p>The Nano network is also resistant to spam and may handle increased traffic linked to gaming or Web3 use cases. XNO microtransactions have also been applied to decentralized streaming. XNO has been paid out for filling out surveys or other micro-tasks. The advantage of XNO is that it fulfills the task of a token for small payments and rewards, without the need to use another blockchain.</p>
<p>On a usual day, the Nano blockchain is supported by around <a href="https://www.nanolooker.com/node-status" rel="noopener noreferrer nofollow" target="_blank">122 online peers</a>. Nano still has fewer than 500K wallets reported, but the network is capable of growing and scaling with each user. For now, Nano also has no central consensus server and has seldom reported lost coin balances.&nbsp;</p>
<h2 class="wp-block-heading" id="nano-returns-to-faucet-based-adoption">Nano Returns to Faucet-Based Adoption</h2>
<p>After years of spectacular runs and crashes, XNO may not guarantee a new hike to a higher range. XNO remains a low-value asset still trying to get back in the spotlight.&nbsp;</p>
<p>This also means XNO is accumulated and distributed to a wide community. Several faucet-like tools exist for Nano users, in the form of micro-payments or rewards for tasks and missions. During its initial distribution, XNO tokens were also distributed by a faucet that was open for more than a year before trading launched.</p>
<p>This time, Nano faucets can be created by anyone, giving out incentives through microtransactions. The sums from the faucets are small, but they can drive real activity tied to games or other reward mechanisms.&nbsp;</p>
<p>One of the setbacks of the Nano network is that it still has no decentralized finance. Even the Nano Swap exchange is practically illiquid. Nano also does not carry NFT or allow for other infrastructure tied to Web3. Instead, the XNO token uses its chief features – no fees and instant transfers – to become the basic unit of account for any type of project.&nbsp;</p>

Nano Reinvents Itself as Web3 Gaming Platform

Table of Contents

Cryptopolitan_News

Další články publikované 10. 5. 2024

XRP price prediction: can this AI Telegram trading bot outperform it?

Zilliqa battles back-to-back network disruptions amid latest upgrade rollout

Changpeng Zhao Sentencing Guidelines Currently Uncertain About 3-Year Prison Range

Can SOL flip ETH? Solana surpasses Ethereum in DEX volume

Singapore Crypto Poker Robbery Results In 11 Victims Losing Millions Of Dollars

May TokenUnlocks: Over $3.661B Unlocked, AEVO PYTH Alone Surpasses $1B!

Join our free newsletter for daily crypto updates!