Nodepay Token Supply Overview: Unveiling $NC on the Solana Network

Nodepay, a groundbreaking AI data training protocol, has officially announced the launch of its native token, $NC, on the Solana network. With a strong emphasis on decentralization and rewarding early adopters, the $NC Token Generation Event (TGE) showcases Solana’s legacy of incentivizing network participants.

$NC Airdrop and Token Distribution

As part of its tokenomics strategy, Nodepay will airdrop 11.5% of its total supply to early platform users and contributors. This amounts to 115 million $NC tokens distributed to airdrop farmers and active participants. Following this, an additional 305 million tokens will enter circulation, allocated for contributor incentives like validator operations and data providers.

The TGE is scheduled for January 14th, 2025, with trading to commence at 13:00 UTC. Nodepay’s approach aligns with its mission to decentralize the AI data market while fostering a loyal and engaged community.

Airdrop Campaign Success

Nodepay’s airdrop campaign, which began in May 2024, has already attracted significant attention. By incentivizing users to contribute their unused internet bandwidth, the protocol has built a robust network comprising over 1.6 million individual nodes across 180 countries. This decentralized infrastructure forms the backbone of Nodepay’s AI training ecosystem.

Read Also: Nodepay Price Prediction: What’s in Store for 2025–2030?

What is Nodepay?

Nodepay is a Solana-based DePIN protocol (Decentralized Physical Infrastructure Network) that aims to combat centralization in the AI industry. As Big Tech continues to dominate the AI data market, Nodepay empowers everyday users to contribute to a decentralized AI data training network.

The platform incentivizes users to share their unused internet bandwidth in exchange for Node Points, which can be converted into $NC tokens. This innovative approach disrupts traditional AI data collection while rewarding participants with tangible benefits.

The Role of $NC in the Ecosystem

Nodepay’s native token, Nodecoin ($NC), serves as the foundation of its decentralized ecosystem. $NC enables:

• Payment for Services: Real-time data retrieval and AI-specific crawling.

• Network Security: Staking $NC to secure the network and earn rewards.

• Governance Participation: Allowing token holders to influence protocol decisions.

Additionally, Nodepay has introduced a buyback mechanism, ensuring that revenue from its services is reinvested into the ecosystem to drive sustainable value for $NC.

Read Also: Nodepay Price Prediction: What’s in Store for 2025–2030?

Decentralizing AI: Why Nodepay Matters

Nodepay’s mission goes beyond tokenomics. By decentralizing the AI data training process, the platform seeks to disrupt monopolistic practices in the industry. Traditional AI models often rely on centralized data sources controlled by major tech companies, creating barriers for smaller players.

With Nodepay, anyone can contribute to the AI ecosystem by sharing unused internet bandwidth. This not only democratizes access to AI but also provides a fair distribution of rewards, fostering global participation. The protocol’s user base—spanning over 180 countries—illustrates its potential to become a truly borderless solution for AI data training.

Funding and Strategic Partnerships

Nodepay’s journey has been marked by strong financial backing and strategic partnerships. The protocol raised $7 million in funding throughout 2024, with investments from leading firms like Animoca Brands and Jump Crypto. These partnerships underscore the confidence major players have in Nodepay’s vision and potential.

Moreover, the involvement of established names in the crypto and AI sectors reinforces the protocol’s credibility, paving the way for broader adoption and growth.

Market Performance and Growth Potential

The market response to Nodepay’s TGE announcement has been overwhelmingly positive. Following the news, $NC’s premarket value surged by 104%, rising from $0.22 to $0.45, according to Whales Market data. At this valuation, $NC boasts a Fully Diluted Valuation (FDV) of $450 million—approximately 19.14% of Grass, a similar protocol in the decentralized AI sector.

With an initial supply of 208 million tokens, $NC is projected to launch with a market cap of approximately $93.6 million. This robust performance highlights the growing demand for decentralized AI solutions and positions Nodepay as a significant player in this emerging market.

Read more: Nodepay Airdrop Guide: Earn Free Tokens and Rewards

Community Engagement and Future Plans

Nodepay’s commitment to community engagement is evident in its airdrop campaigns and user-centric initiatives. By rewarding early adopters and active contributors, the protocol has built a loyal community that serves as its foundation.

Looking ahead, Nodepay plans to expand its ecosystem by introducing new features and partnerships. These developments aim to enhance the platform’s utility and further decentralize AI data training, ensuring long-term sustainability and growth.

Conclusion

Nodepay’s innovative approach to decentralizing AI data collection and its strategic use of $NC tokens position the platform as a trailblazer in the DePIN space. With its strong community, robust infrastructure, and lucrative incentives, Nodepay is set to revolutionize the AI data industry while driving significant value for its token holders.

As the protocol continues to grow and attract global attention, Nodepay’s vision of a decentralized AI ecosystem seems closer to becoming a reality. For investors and contributors alike, $NC represents an opportunity to participate in shaping the future of AI.

FAQ

Q: What is the purpose of Nodepay?
A: Nodepay is a decentralized protocol on the Solana network designed to democratize AI data training by allowing users to contribute their unused internet bandwidth in exchange for rewards. This approach aims to disrupt centralized control of AI data by major tech companies.

Q: What is $NC, and how is it used?
A: $NC, or Nodecoin, is the native token of the Nodepay ecosystem. It is used for paying network services, staking to secure the network, earning rewards, and participating in governance decisions. Revenue from Nodepay’s services is also reinvested into the ecosystem through a buyback mechanism.

Q: When will $NC trading go live?
A: $NC trading is scheduled to begin on January 14th, 2025, at 13:00 UTC.

Q: How does the Nodepay airdrop work?
A: Nodepay is airdropping 11.5% of the total $NC supply to early platform users and contributors. Participants earned rewards by contributing unused internet bandwidth during the Airdrop 1 rewards campaign, which began in May 2024.

Q: How much funding has Nodepay raised?
A: Nodepay raised $7 million in 2024 from prominent investors such as Animoca Brands and Jump Crypto, supporting its mission to decentralize AI data training.

Q: What is the Fully Diluted Valuation (FDV) of $NC?
A: The premarket FDV of $NC is estimated at $450 million, with a projected market cap of approximately $93.6 millionat launch.

Q: How many nodes are currently active in the Nodepay network?
A: Nodepay has over 1.6 million individual nodes spread across 180 countries, forming a robust and decentralized infrastructure for AI data training.

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