NANO - Simply Explained in 4 Minutes
About this video
In today's growing world, cryptocurrencies are all the rage in the markets.
Nano is one such cryptocurrency, offering Instant Transactions, Zero Fees and Unlimited Scalability
In this video, Crypto Fiend will give you an overall view of the Nano project, including:
- What Nano is about
- What they're trying to achieve
- Whether it's a good addition to your portfolio
Did you Know?
Nano has a max supply of 133,248,297 NANO
Currently, there are exactly 133,248,297 NANO in existence. No new currency will ever be generated again. There is no inflation in Nano.
Initially, there were 340,282,366 NANO in existence. Then 126,248,297 NANO were distributed using a free public captcha-faucet. At that point, 7,000,000 NANO was also reserved by the Nano Foundation which was dedicated to continuing working on the development of the Nano protocol and later focused on Nano's global adoption. After these two distributions, the remaining undistributed supply of 207,034,069 NANO was burned. And that's how we got to the current supply of 133,248,297 NANO.
Because sometimes users forget their keys or send Nano to unexisting addresses, some of that Nano is actually gone, and we will never be able to get it back again. Making Nano actually a deflationary currency, but only by a tiny percentage.
This video was not created by PlayNANO and isn't in any way associated with PlayNANO. It was selected to be used on this Watch & Learn feature solely because PlayNANO deemed its content interesting.