Nodle Network NODL

1. Summary

Ranks

Liquidity

86

Developer

-

Social

90

Momentum (beta)

29

Stack Rank™

-

Price

$0.003385090000 +0.1%

Market Cap

$12.64M (#1177)

Supply

3.70B / 8.68B

Tags

ZkSync Ecosystem DePIN

More Metrics

Price
52W High price	$0.01
52W High date	12th Mar 2024 (4 months ago)
All Time High (ATH) Date	26th Aug 2022 (1 year ago)
ATH Price	$0.02
% From ATH	-80.94%
All Time Low (ATL) Date	30th Jun 2023 (1 year ago)
ATL Price	$0.001974790000
% From ATL	93.2%

Supply & Trading Volume
Trading Volume (24h)	$972,505.00
Total Supply	8.68B
Max Supply	21.00B
Circulating Supply	3.70B

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Description

Nodle Network

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Nodle Network

The Nodle Network is a decentralized network based on the existing global smartphone infrastructure. It connects the physical world to Web3 by utilizing smartphones as edge nodes that read devices and sensors via Bluetooth Low Energy (BLE). The network provides geolocation-based layer one services and encourages real-time asset tracking through its incentivizing model. Anyone with a smartphone can join the network by providing BLE connectivity and receive Nodle Cash (NODL) tokens as rewards. The network’s architecture and system design are developed around the concept of smartphone infrastructure, utilizing smartphones as nodes and base stations. The tokens can also be used for staking and validating transactions.

Key Features

• Connectivity and Services: Nodle provides delay-tolerant connectivity and services for IoT devices. It leverages the existing global smartphone network and can support various wireless protocols, such as Wi-Fi and CBRS.
• Incentivizing Model: Proof of Connectivity: Participants provide resources such as wireless radio and bandwidth and receive rewards based on connectivity and availability.
• Token Mechanism: Nodle Cash (NODL): The native token of the Nodle Network, issued to encourage participation in providing connectivity services and incentivizing users to maintain network stability.
• Security and Interoperability: Nodle emphasizes the protection of beacons identity and plans to integrate advanced cryptography, ensuring a secure and decentralized network across the Polkadot ecosystem.

Network Operations

• Node Participation: Smartphone owners participate by running a connectivity infrastructure. Nodes are rewarded based on availability and physical exploration, ensuring reliable network coverage.
• Reward Distribution: Nodle Cash is distributed proportionally to each participant's uptime and contributions to network coverage.

Goals and Partnerships

• Mission: To connect the next trillion things to the Internet securely and with low cost.
• Partnerships: Collaborations with companies like Cisco Meraki, telcos, and asset-tracking tag companies for expanding IoT services and ensuring secure data transactions.

Network Status

• Daily Active Nodes: Currently, the network includes over 5 million active smartphones, discovering approximately 30 million IoT devices daily and transferring over 100 GB of data.

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