🎉 Nodle Wins the 11th Polkadot Parachain Slot!
We are beyond thrilled to announce that Nodle has secured the 11th Polkadot parachain slot with 7,528 contributions equaling 2.48M DOTs—worth over $42M. A big shout out to our community, investors, and partners who played an instrumental role in making this possible. We THANK YOU for the extraordinary support! We will never forget the accelerated heartbeats, teamwork, and the fight we put on to make this happen.
This new parachain allows Nodle’s token ($NODL) to be interoperable with other decentralized applications built on top of Polkadot or other Blockchains that connect and benefit from Polkadot’s shared security principles. Acquiring a parachain slot dramatically empowers Nodle’s next-generation capabilities including connectivity, machine-to-machine payments, air-quality monitoring, authenticating and securing devices, asset tracking, and more. Nodle’s parachain also enables all other chain ecosystems that are interoperable with Polkadot to benefit from Nodle’s incredibly adaptable and expansive network.
“Having a parachain for Nodle, which offers real world applications to the Polkadot ecosystem, accelerates our network towards even more decentralization and security,” said Nodle CEO and Founder Micha Benoliel. “This makes NODL tokens instantly liquid and usable across all other parachains, dramatically expanding our decentralized wireless network vision. Now, our users not only benefit from Nodle Cash App’s utility, but can interact with DeFi ecosystems such as decentralized exchanges, or money markets, and other DeFi ecosystems.”
Nodle allocated 850 million NODL — 23% of the total Nodle reserves or 10% of Nodle Mainnet — to reward anyone who pledged their DOTs. After 96 weeks, all DOT contributions will be automatically returned to the contributors, in addition to the Nodle token (NODL) rewards they will earn and the NodleX decentralization NFT.
“The Nodle parachain allows advanced interoperability and cross-chain integrations, which now permits any other parachain and DApps to seamlessly build on top of our network,” said Eliott Teissonniere, Nodle’s Chief Blockchain Officer. “These new functionalities come with an increased security and will be game changers for the Nodle network and the entire blockchain ecosystem.”
Additional communication regarding $NODL and NFT disbursements timelines will be announced next week in the form of an FAQ.
Nodle is a decentralized wireless network that provides secure and low-cost connectivity, as well as data liquidity, to connect billions of devices worldwide. The Nodle network is powered by millions of Bluetooth-enabled smartphones that earn Nodle Cash (NODL). Nodle’s powerful stack allows multiple uses including connecting and securing physical assets, tracking lost or valuable items, capturing sensor data, and authenticating security certificates. Nodle provides insights for consumer electronics manufacturers, enterprises, smart cities, the finance industry and more. Since its creation in 2017, Nodle has become one of the world’s largest wireless networks by number of base stations. Join #TheCitizenNetwork by downloading the Nodle Cash app for iOS or Android.