Project Rundown interview with The Nano Foundation
Project rundown interview on Altcoin Magazine
Hello there! Thank you for taking the time to educate us and our readers on Nano. Please give us a brief introduction to Nano!
Nano is decentralized, sustainable, and secure digital money. Nano is very user-friendly; transactions are feeless and settle in less than a second, making internet access the only barrier to participation in the global economy. Nano is a universal solution to digital money.
Tell us about your accomplishments so far, and tell us what you are most proud of having accomplished in the history of the project.
To pick something specific would be a disservice to all of the fantastic work happening in Nano, in addition to the exciting accomplishments already made by the Nano Foundation. The Nano node releases through 2019 have seen transaction times fall from 3–10 seconds to less than 0.3 seconds, a result of massive strides forward in terms of efficiency and the introduction of important new features. Core protocol development aside, the work we have put into providing the platform for our community to grow and thrive has been some of the most satisfying work so far.
People making things with Nano is everything, and we are happy to have played a part in helping Nano enthusiasts continue to expand and build on all aspects of the protocol.
What is the most noticeable thing about your project? It can be something you developed or something you achieved.
Nano is renowned for having the fastest confirmed transactions in the cryptocurrency space. Still, as we move forward, we are beginning to see people identify with other more empowering aspects of the protocol, such as the lack of fees or sustainability of the design.
The Nano community, however, is a shining light. The ecosystem is resplendent with well-crafted projects and services, and significant community developments happen on a weekly basis. Our community diligently and respectfully work to help educate and inform others about the remaining frontiers in improving money and how Nano is a viable solution to global digital money.
Give us a quick rundown of the future of the Nano.
We work hard to remain on the cutting edge of blockchain technology and cryptocurrency adoption, while always looking for opportunities to move and grow within the space. Cryptocurrency is a very dynamic and unpredictable industry in its current state, so being overly committed to a specific plan could be considered naive when working with limited resources. Regular and consistent improvements to the protocol, educating and increasing awareness and expansion of the ecosystem remains the priority moving forward. We feel that having a flexible narrative that stays true to our core goals appears to be a wise strategy at this point.
Tell us about your team please.
The Nano Foundation consists of 12 full-time members whose responsibilities cover everything from protocol development, communications, public relations, and integrations. A global team of community managers supports the core team. They guide the development of non-English speaking communities as well as the overall growth of the community.
We also consider our channel moderators, service builders, beta-testers, friends at the NanoCenter (a community-run collective), and the broader community as the fundamental framework on which everything is built.
What partnerships have you formed so far, and what kind of partnerships are you seeking for the future?
Our focus, as a pure cryptocurrency, is on the fundamentals — sending and receiving of digital money. This focus guides the types of services and integrations we seek to add to the ecosystem towards those focused on adoption. Fiat gateways, crypto shopping platforms, payment service providers, user-friendly wallets, establishing Point of Sale companies comprise the vast majority of our partnerships.
CoinGate — CoinGate is an industry-leading fiat gateway and payment processor company that natively integrated Nano in late 2018. Started in 2014, CoinGate has made it its mission to grow the adoption of cryptocurrencies on a global scale. With this in mind, CoinGate provides a reliable payment infrastructure that caters to the needs of both merchants and their customers: accessible, convenient, and customer-oriented. Through CoinGate, Nano is now accepted by over 4,000 merchants, who have the option of setting prices in over 40 fiat currencies, which can be settled directly into EUR and USD for withdrawal.
Coinify — Coinify ApS is an established global virtual currency platform actively offering solutions in Europe, Asia and other regions. Coinify’s services include: individual currency trading, corporate brokerage, payment processing services, and Enterprise solutions via Coinify API. Their mission is to mainstream the use of virtual currencies and thus help businesses and individuals to adopt financial innovation. Moreover, Coinify can be seen as a bridge for merchants that can e.g. accept blockchain payments and receive payouts in fiat.
Appia — Appia is paving a new way for payments by bridging the gap between cryptocurrency and real-world payments. It is a decentralized, privacy focused, secure, multi channel payment infrastructure for cryptocurrencies which utilizes the Appia payment module and Manta open payment protocol. Appia’s infrastructure covers automated payment machines such as vending, e-commerce, mobile/desktop wallets and a hardware point of sale device. Despite being a crypto-agnostic service, important integrations into popular Nano ecosystem wallets have been completed.
Kappture — Founded in 2012 by hospitality industry experts, Kappture builds the electronic point of sale (EPoS) systems trusted by large event organisers and demanding businesses throughout the EU and worldwide. With highly regarded institutions, venues and services among the users of the cutting-edge EPoS system, their exclusive Nano integration represents a significant step forward in the discovery of natural use cases of secure and decentralized cryptocurrency.
Uphold — Uphold serves 184+ countries, across 30+ currencies (traditional and crypto) and commodities with frictionless foreign exchange and cross-border remittance for members around the world. Since it’s launch in 2015, Uphold has powered more than US$4+ billion in transactions.
Crypto.com — Crypto.com was founded in 2016 to accelerate the world’s transition to cryptocurrency. Key products include: the Crypto.com App, the best place to buy, sell, and pay with crypto, the MCO Visa Card, a metal card with no annual fees, and the Crypto.com Chain, which enables users to pay and be paid in any crypto, anywhere, for free. Crypto.com is headquartered in Hong Kong with a 150+ strong team
MetalPay — Metal Pay is a blockchain-based payment processing platform based in and serving the USA. Metal intends to introduce cryptocurrency to the mass-market level by combining participation incentives with a clean, user-friendly interface unseen in cryptocurrencies — until now
Wirex — Available since February 2019, Nano is the fastest cryptocurrency available on the platform. Wirex is a UK-based, FCA-regulated company which provides its users an alternative to conventional financial institutions, by connecting traditional and new digital ecosystems on one borderless payment platform.
In 2015, Wirex launched the world’s first Visa card that allows users to convert and spend their cryptocurrency wherever Visa is accepted. With over 2 million Wirex users in 130 countries and over $2bn worth of transactions processed. In addition, Wirex provides offer fiat on/off ramps services. Nano is well positioned as one of the first digital currencies to be natively integrated onto the platform.
What kind of marketing do you practice to let the world know about your project, your product, and your mission? Do you attend any events or conferences?
Yes, we find it extremely constructive getting out there and meeting with people interested in blockchain and cryptocurrency solutions to improving the global payments landscape. This summer we hosted a 2-day event in London where we invited industry experts, service operators and businesses that are interested in leveraging the power of digital money to speak about their areas of interest. We also ran a full day workshop covering hands-on applications that have already been created using Nano.
Smaller more regular meetups help to maintain momentum and engagement with blockchain communities all around the world.
We also have an engaged and creative community that helps to create content and services designed to help raise awareness which compliments our own efforts across social and written media.
Now on a more technical side of things, what are the coin metrics, and how do these lead to a stable and balanced system?
Nano employed a novel CAPTCHA faucet system with the goal of distributing Nano as fairly and organically as possible. Opened on October 1, 2015, the faucet required users to complete complex CAPTCHA tests in order to earn coins. The faucet allowed anyone with a computer to participate by contributing time and attention, instead of the less sustainable mining with other projects.
Upon closure of the CAPTCHA faucet, 39% of the initially planned supply had been distributed and 7,000,000 Nano were reserved for a development fund. The rest were burned resulting in 133,248,297 Nano left as the circulating supply. For more details on the accounts used in the distribution process, visit https://docs.nano.org/protocol-design/distribution-and-units/.
How can we stay up to date with Nano and support your project?
We have recently launched the new nano.org and Nano forum to act an organized point of contact. In addition to these, we have a wide range of fresh content regularly posted to our Medium Blog, an active Subreddit and tens of thousands of followers on social media.
● Twitter: 98500
● Reddit: 46000
● Discord: 30500
● Facebook Nano Brasil: 13385
● Telegram English: 7600
● Discord — NanoCenter: 1820
● Facebook Nano English: 1800
● Instagram: 1175
● Medium: 1180
● LinkedIn: 960
● Telegram Spanish: 830
● Telegram China: 485
Thank you for your time!