Scam Alert...
Nvidia is releasing their own token which can be used to get hardware at significant discounts according to the website www.nvidiaexperience.com (see below before purchasing). For those like me who mine with Nvidia graphic cards, this is an intriguing development - if true. The Santa Clara, California-based company founded in 1983 is known for their "GeForce" graphic cards used primarily for gaming but also for crypto mining.
According to the site - the Nvidia Token (symbol = NVIDIA) will have a limited supply of 500,000,000 with 50% of that going to the pubic. The remaining 50% of tokens will be split between a private sale (5%), partners/advisors (7%), rewards (18%) and lock liquidity (50%).
The price at presale will be set to 0.01 Binance Coin (BNB) and can be purchased on the nvidiaexperience website (see more info below). At the time of this articles publication that worked out to just over $5 per token. These new tokens can only be purchased using BNB as of now.
Nvidia's primary competition for GPUs is AMD's "Raydeon" product line. The company had 2020 revenue of $10.9 billion which was down from their all-time high of $11.7 billion in 2019. The company is having a strong 2021 based on announced quarterly earnings throughout the year as GPU prices have soared given the high demand and limited supply.
Nvidia has announced that the presale will last for a limited time, however, they have not stated the exact timeframe.
SCAM ALERT - the Nvidiaexperience.com website although looking legit was started on 12/17/2021 by someone named Timmy Turner according to Whois. It's look mirrors the official NVIDIA website and is a reminder to always do your research before investing in crypto no mater how official something looks. I became aware of this site via a Facebook ad
