NODL, Nodle Cash & Proof of Connectivity

By 137QMA | Valuation Analysis of NODL | 14 Jun 2021


Hey everyone, welcome.  This is my first post! 

This is intended for a general audience. 

It's about NODL, Nodle Cash & Proof of Connectivity.  Enjoy!

Nodle Cash:

Nodle Cash is an app compatible with iPhone and Android.  Users just download and run the app to get rewarded in NODL!  No further action is needed and the app barely uses battery power.

The app helps connect IoT phones and devices using BLE (Bluetooth Low Energy).

What is NODL?

NODL is the currency of Nodle Cash and its counterparts.  It isn't worth anything monetarily speaking.  When doing valuation it is essential to incorporate growth factors.  This is true in corporate valuation as well as cryptocurrency.  This coin has strong growth factors which should not be overlooked.  The system is greener, provides financial incentives to miners, and possesses low barriers to entry (most people have compatible phones).

Proof of Connectivity:

Proof of Connectivity is the Proof of Work specifically for Nodle Cash.  Rewards are given because miners enable bluetooth on their smartphones which connects them to nearby IoT devices to aid in data transfer which would normally take much more power to transfer.  A primary advantage of Nodle Cash and its counterparts is that it claims this system is more environmentally friendly than the process it seeks to replace.  

Growth of this system could have significant environmental benefits yet to be seen.

Citizen Network:

The Citizen Network is made up of users who downloaded the app and collect rewards by helping to increase connectivity efficiency for IoT devices!

https://thecitizennetwork.com/

Total NODL:

Roughly 2 billion exist in the coins entirety.  They have not all been mined.  They may never be completely mined but the fact remains that the total amount of both mined coins and those yet to be mined cannot exceed the specific 2 billion coin threshold.

Where to buy NODL?

Since the currency has no tangible monetary value, it is not listed on exchanges.  NODL is only available through the Nodle Cash app.  Best to get some before it gets value and the price increases.  It currently is worth 100x less than a cent.  Lots of room for growth.

Downloading the app:

Nodle Cash is available on the App Store and Google Play.  It is only allowed on cell phones.  No computers as of today.

Website legitimacy:

The site appears legitimate and the leaderships intentions seem honest.  Our smartphones have exceptional power when pooled together in a network.  They seek to use this to complete certain tasks with less resources as well as enable a larger demographic to participate and profit off the network's activities.  The site has a dev section for developers and those with websites.  There are no referral links but if you appreciate this, tip whatever you think is fair below. 

Mining NODL:

Mining occurs through running the app and helping increase connectivity on the Citizen Network.  It can run in the background with minimal impact on the phone's capabilities and resources.

Founders:

Micha Benoliel & Garrett Kinsman, 2017.

Controversies:

Something I found concerning is a claim that the founders were also involved in Right Mesh.  It is a crypto with a similar idea which is now worthless.  There have been claims stating the founders of Nodle Cash also created Right Mesh and stole over 30 million dollars before the currency collapsed into nothing. 

https://www.rightmesh.io/

Turning off mining:

As long as Nodle Cash is running in the background, it continues to mine.  Close the app and make sure it is closed to ensure it stops running. 

Does Nodle Cash drain my battery?

A great advantage of Nodle Cash is it allows users to mine without draining their battery.  The app only uses 2-4% of the Iphone's battery over a 24 hour period and 2-2.5% on Androids in Eco mode.

Does Nodle Cash rely heavily on my phone's CPU?

No.  Nodle Cash is primarily based on Bluetooth so reliance on CPU is minimal.

FINAL VERDICT: Should I download Nodle Cash?

Nodle Cash is built on a great idea but the payout just doesn't have me excited.  The project is new and I hope this will change but currently there isn't any tangible financial gain to achieve by using this app.  However, good ideas take time to come to fruition.  There was a time when even the internet was just an idea and the same goes for Bitcoin. 

Great things sometimes evolve slowly taking years or decades to gain traction.  Nodle Cash could become something significant gradually over the years.  I think the idea is solid and if this app doesn't make it, another similar one will.  That being said, I think the utility of this app is extremely underestimated.  

Proof of Connectivity is a great concept and I think an app that lets average people be miners without damaging their phones is something unique.  

My final thought is that some people once thought Bitcoins were a ripoff when they were 100$ each. 

There may come a time in the future where we reminisce back about when NODL was easily mined from cell phones giving a payout of 0.01 per day which ends up equating to 100,000$ 10 years later.  I think the value of blockchain as a whole is underestimated and the implications of this technology haven't fully been interpreted by mainstream society.  Once they are, values will rise to astronomical proportions.  I just hope my portfolio is established enough to reap the full rewards of that.

Thanks for reading.

 

 

 

 

 

DISCLAIMER:  This information does not constitute my professional opinion and doesn't necessarily represent the opinions of the institutions and/or companies I am affiliated with. This shouldn't be regarded as a product endorsement or any form of investment advice. I am not a cryptocurrency mining expert and cannot guarantee the validity and accuracy of the information expressed in this article.  Readers assume all risks when using this article's information or relying on it in any way.  I assume no legal liability.  The information written in this article is my own original work and is therefore protected under copyright laws.  Any reproduction or duplication without my expressed consent is forbidden. This was created strictly for educational and/or entertainment purposes only.  I am not liable for any of the comments written in response to this article. 

 

 

 

 

 

 

 

 

 

 

 

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Valuation Analysis of NODL
Valuation Analysis of NODL

NODL is the major coin of Nodle Cash which is closely correlated to the concept of Proof of Connectivity. Nodle Cash is essentially a smart phone mining application available for free on Iphone and Android. This article provides an analysis of the currency from a financial and monetary perspective with an assessment of growth potential.

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