The first people who mined coins were a relatively small group of cypherpunks, and engineers. As the interest in the Bitcoin network grew, mining became more and more competitive, to the point where only entities with access to capital and inexpensive electricity can mine profitably. Nodle allows anyone with a smartphone to participate in the ‘mining’ of Nodle Cash (NODL). People don’t need to be early, don’t need to be computer scientists, and don’t need to have access to capital and cheap energy. People just need a smartphone to participate in the Nodle network. As a result, Nodle can accelerate the adoption of cryptocurrencies while deploying its Citizen Network.
- Total Supply: 21B
- Circulating Supply: ~6.3B (40%)
- Our Price: $ 0.134 (OTC Deal)
- Vesting: 100% release
- Use Cases: User/Developer Incentive, Governance, and Staking
Fully doxxed core team (< 50 employees as of today).
- Garrett Kinsman (Co-Founder): Co-founded Ola Play which led to a $1.2B raise from Softbank / Tencent.
- Micha Benoliel (CEO): Founded Open Garden, $34M in funding. Launched FireChat app, top 10 app in 124 countries with 10M downloads.
- Eliott Teissonniere (CTO): Blockchain Advisor Ternoa, Blockchain Advisor Parallel Finance.
- Viki Jan (CDS): Voyager Consulting, Financial Forensics LLC, Parnassus Investments.
Blockchange Ventures, Work Play Ventures (Marc Pincus), Blockchain Ventures (Blockchain.com), Olymp Capital, Bootstraplabs, Blockhead, Republic, Genblock, MaxxCapital, Coins Group, Yeoman’s Capital, Mark Pincus
RESEARCHER OPINION #1
Farzan | Sr. Research Analyst – (non VC perspective)
Nodle is a working product that is being heavily adopted. The reviews and transaction volume indicate a satisfied customer base. The team has delivered a successful product in the past. These are the ingredients for a successful project. Strong sell pressure can be anticipated, as a big amount of token is already in circulation without the introduction of a platform to trade on. If Polkadot proves to be the wrong chain, im confident in the ability of the team to pivot to another more suitable chain. (They will move to their own blockchain in the future).
RESEARCHER OPINION #2
Jesse | Sr. Research Analyst – (non VC perspective)
They have a strong premise and product, which already proved interest by many users and participants. The team has a good core, and Looking at other projects like Helium, we can see that there is clear notice in such applications by users and companies. They are boosting user acquisition by allowing anyone to participate in the network with their smartphone, thus removing a significant entry barrier for users to jump on. However, we must keep in mind that their tokenomics and token use cases are weak and therefore create more sell pressure, meaning investors should have a clear plan for their investments.