English name of Token: NANO
Ticker of Token: NANO
Chinese name of Token: 纳诺
Country of Incorporation: U.S.
Industry&Facts & figures:
Payments.Currently 313,358 account chains/addresses are in use.Total of 133,248,289.220696 XRB are now in circulation.Estimated 2.3 million completed transactions on-network since launch.
Description of the project:
Nano is focused on changing the way the world make payments. Colin LeMahieu, the founder and creator of Nano, has operated with the goal of making cryptocurrency work on a scalable basis, since launching Nano in 2015. Nano utilizes an innovative technology, called “block-lattice”, to function without a mining process. This allows for unlimited transactions, that will always be instant and feeless. The team is focused on integrating the transfer of value technology to merchants and shoppers by creating a seamless, user friendly cryptocurrency. We are focused on creating innovative applications that put Nano at the heart of people’s everyday lives.
Total available supply:133,248,289 NANO
Tokens in circulation: 133,248,289 NANO
Did not have a token sale, tokens were distributed through a faucet.
Launched with a genesis block balance of 340,282,366.920939 XRB. Distribution was accomplished using a captcha-based claim system, distributing 17,000 XRB to the top 200 claimers every hour, 24/7 for nearly a year (Jan 2017 - Oct 2017). A small percentage of faucet distributed funds was set aside by voluntary donation by claimers every hour to be used for funding development.
207,034,076.000027 XRB (60.8% of total supply) were destroyed when faucet was closed in October of 2017. 7,000,000 XRB (2% of total supply) was set aside to be used as the long-term developers fund.
This document is compiled from the official whitepaper and relevant documents provided by the token team, to provide investors an overview of the token. The information in this document is collected through formal legal channels. We make every effort to provide complete and accurate information. However, we do not guarantee accuracy, completeness, timeliness or correct sequencing of the information. This information is not to be regarded as investment advice, or legal proof, or evidence.
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