Nitro.live, is it a scam or paying? The following review will serve as a reference to help you make a decision whether to invest or not.
Nitro.live Investment Type: ICO
December 26, 2017, will be a day of mixed feelings. While some people will be happy that they bought the NOX tokens from Nitrolive, others will be filled with regrets for missing the opportunity.
Nitro.live is focused on the video games market which serves over 2.2 billion gamers worldwide. The games industry is so lucrative that in 2017 alone, about $110 billion was realized in revenue.
Unfortunately, the gamers, who are the sources of this huge impact, are not able to earn from their activities. Even worse is the fact that smaller companies are constantly being overshadowed by the bigger ones which end up taking a major share of the profits realized in the industry.
That said, we can see that gaming companies need to be properly funded to make the profits they want. But who are the most likely fund raisers? They are the gamers, publishers, studio developers, and financiers. It would be difficult to get money for this industry from people who are not interested in video games. That is why Nitro.live is expecting all video game lovers and participants to buy some NOX tokens that will enable them to participate, connect and grow in this profitable industry.
What is Being Sold?
Up to 60 million Nitro tokens known symbolically as NOX are being sold during the presale and crowdsale periods. This is half of the total NOX released for supply. 800 NOX can go for 1 ETH during the crowdsale but you can also pay in BTC considering the prevailing exchange rate. Nitro.live wants to get up to 75,000 ETH during the pre-sale and crowdsale but they can still take 85,000 ETH if there is an oversubscription. After the crowd sale, NOX token holders will be able to exchange their tokens for NOD (Nitro Dollar). The Nitro Dollar will be the medium for rewarding participants and anyone in need of their services would also have to pay using NOD. The price of NOD is currently pegged at 1 USD per NOD, but at the exchange market, the price may go up as a result of more exposure and demand. Fortunately, NOX holders who got theirs during the crowdsale will also get some bonuses during the exchange.
6% (of the 120 million tokens) in circulation are reserved for the Nitro Team. This is equivalent to 7.2 million tokens. 5% (6 million) will be for Nitro Interactive Ltd, 2.5% (3 million) for iCandy, 1% (1.2 million) for the company’s advisors and 35.5% (42.6 million) NOX will be reserved.
After the crowdsale, the proceeds will be used to work as follows:
- 10% for operations
- 10% for marketing
- 10% for platform development
- 60% for investment into games
- 10% for day to day expenses
Solves the Problem
Nitro.live has identified the challenges in the gaming world as follows:
- The gamer
- The game studio/developer
- The financier and
- The publisher
To eradicate the challenges posed by these groups, Nitro.live is developing a platform that will attract all the groups. This means that they will come to identify themselves as one big family with a common interest to fulfill in the game industry.
Nitro Bounty Program
Nitro.live will reward you for spreading the news about their crowdsale. Out of the funds mapped out for the bounty rewards, 30% will be reserved for those who do so through the social media. For using signatures to campaign, you will share from the 20% funds kept for this. Translation campaign members will benefit from the 20% reserved for them while bloggers will share 25% of the bounties rewards.
The major support feature on Nitro.live is Telegram chat. You can also send a mail to general (at) Nitro.live or participate in an online chat on the chat window available on the home page and every other page of the website.
10% Discount When Getting the NOD
NOD (known as Nitro Dollar) will be the currency for any transaction on the site after their presale. Those who had NOX tokens will get a 10% discount when the time comes. One can use the NOD to buy games, watch games and so on.
Getting the NOX tokens is important because it gives you the opportunity to share in the huge returns made yearly in the gaming industry. It also gives you the right to have a say in the kind of games you want to be released in the market. As a studio game owner, you now have easy access to funds for the work you do and the publisher spends less money on advertising or trying to make his product seen. It is indeed a democratized system in the Blockchain mode that is worthy of participation.
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The published article on this page should not be viewed as an endorsement by us. The website or company may be unsafe, untrustworthy, or illegal in your jurisdiction. You should do your own research before investing money in any company or website.