node, a decentralized network on Polkadot which provides secure, low-cost connectivity and data liquidity to connect billions of devices worldwide, announced today that it has reached half a million token holders (by underscanstarting August 1, 2022), bringing the project closer to the mission to empower people to build the first smartphone-powered decentralized network.
Having a mobile-first approach lowers the barrier to entry for users and allows anyone to quickly join the network as an antenna or “node” without additional equipment or prior knowledge. Bringing web3 to the physical world, Nodle leverages smartphones to read sensors and devices that physically exist.
Device location is only used to calculate rewards based on contribution to network coverage and to locate Bluetooth devices when requested by their owners. “Nodes” (smartphones) are rewarded for providing network availability and connectivity. Building an ecosystem that anyone can join with a resource they already own (their smartphones) is key to Nodle’s commitment to inclusion and accessibility.
“The Nodle network has a first mover advantage in terms of blockchain and mobile devices, because many web3 companies have not yet developed and launched a native application. In time, it will be like a company that market without a website – practically unthinkable today.
– The Nodle Team
The Nodle network is powered by smartphones that earn Nodle (NODL) to provide network availability and connectivity. Nodle’s powerful stack allows users to connect and secure physical assets, track lost or valuable items, capture sensor data, authenticate security certificates, and more.
Nodle provides insights for consumer electronics manufacturers, enterprises, smart cities, the financial industry and beyond. Since its inception in 2017, Nodle has become one of the largest wireless networks in the world by the number of base stations.
For more information on Nodle’s economics, see Nodle’s Tokenomics Documentation.