Nano Price in India (XNO)

Nano (XNO) is a decentralized blockchain protocol designed to offer a scalable and eco-friendly blockchain solution. One of its notable features is its ability to process lightning-fast transactions and its zero-fee model unlike other blockchain protocols. The project was launched in 2014, but its native token XNO was launched in 2017. 

Nano was launched by Colin LeMahieu in 2014 under the name RaiBlocks and the project rebranded as Nano in January 2018. LeMahieu is a software developer who had earlier worked with tech companies like Dell, AMD, and Qualcomm.

• Zero fees: One of the most notable features of the Nano (XNO) blockchain is its zero-fee model. The network users pay zero transaction fees regardless of the size and frequency of transactions. 

• Eco-friendly: NANO is an eco-friendly blockchain, making it one of the most sustainable blockchains, thanks to its unique consensus mechanism called Open Representative Voting (ORV). 

• Instant transactions: The Nano blockchain can process transactions in seconds, making it faster than a lot of traditional blockchains.

As of July 2024, XNO is trading at around $0.97. The token is ranked #309 in the entire crypto ecosystem. With a total supply of 133.24 million tokens, XNO hit its all-time high of $37.62 in January 2018. Launched at a time when blockchain technology was grappling with scalability and transaction speed, the Nano platform offered solutions, making its native token popular among crypto traders. As per expert analysts, the XNO token is estimated to traded between $10.69 and $12.94 by 2030, making it a promising crypto. 

To invest in XNO, download the CoinSwitch app.

• XNO token is used to facilitate transactions within the Nano ecosystem.

• XNO token holders can send the token globally with zero fees. 

• Token holders can delegate their XNO holdings to elected representatives to vote on their behalf through the community governance system.

• Akin to other cryptos, XNO can be traded, bought, or sold from a crypto exchange like CoinSwitch.

• Nano transactions are feeless, regardless of the amount of transactions and frequency.

• Thanks to its energy-efficient consensus mechanism, the Nano blockchain is eco-friendly. 

• The Nano blockchain is very fast and capable of processing transactions within seconds.

• XNO ranks #760 in terms of trading volume, which is not significant in the overall crypto market. 

• As with any other cryptos, XNO is subject to market volatility.  

• Despite being launched in 2017, the token is yet to attain mainstream adoption among crypto users.

• To trade in Nano (XNO) via CoinSwitch, all you have to do is download the app. 

• CoinSwitch is a secure crypto exchange where users can start trading with just ₹100.

• CoinSwitch also provides a friendly user interface adding to a seamless crypto trading experience.

As opposed to other crypto projects, when Nano was launched there was no ICO. It was released via a public offering where users could earn XNO tokens, (then called XRB tokens) by solving captchas through the Captcha Faucet. During this two-year period, 126,248,297 XNO tokens were distributed through online faucets and over 200 million XNO was removed from circulation. People participating in this process need not contribute funds or computing power, but just time and attention. This unique method made the Nano ecosystem more sustainable.