A: Nitro is a new blockchain-based platform designed to democratise and revolutionise the video-games industry through the creation of a new crypto-currency called NOX and a integrated online marketplace called Nitro Marketplace. Nitro allows:
A: iCandy Interactive Ltd (“iCandy”) is an Australian incorporated public company that has its core business in the development and publishing of smartphone games for a global audience. It runs multiple subsidiary games studios in Malaysia, Singapore and Indonesia, including award-winning games studios Appxplore and Inzen Studio.
iCandy Interactive is one of the leading mobile game companies in Southeast Asia with over 20 million installs over their player network. It will facilitate the development of the Nitro Marketplace and will make available its resources on an ongoing basis to support the operation of the Nitro Marketplace.
A: The Token Sale is carried out to raise funds to develop the Nitro platform and its underlying functions, which are:
A: NOX is an ERC20 token based on the ethereum blockchain network. This token will be the centrepiece of Nitro’s activities, enabling token-holders globally to participate fully in the video game economy via:
A: NOX will be sold at different rate during the different period. There will be a pre-sale period before the crowdsale is launched officially. The pre-sale rate will be 1 ETH to 1040 NOX. For the first 24 hours of the crowdsale, the rate will be 1 ETH to 1000 NOX. For the subsequent 48 hours, it will be pegged at 1 ETH to 920 NOX. Thereafter, 1 ETH can be exchanged for 800 NOX.
A: NO. It is meant for anyone who has an interest in games and/or participating in the US$100billion a year video-games market. You do not need to be playing games to participate in Nitro.
A: By participating in the crowdsale, you can help us raise funds to build the Nitro platform. This will greatly improve the video-games economy, empowering participation and diversity in the industry. You will be able to participate in the funding of games, use NOX as a form of in-game currency and potentially receive rewards from NITRO (in the form of NOX or NOD to be used within the ecosystem of NITRO) for participating in the network. Game enthusiasts will have the additional benefit to get the opportunity to engage more deeply with game studios via the Nitro platform.
A: Nitro is the blockchain-based crypto-currency project in the world backed by backed by a credible publicly listed company – ASX-listed iCandy Interactive Limited (ASX:ICI). As such, unlike other crowdsales out there, iCandy has the imperative to carry out what is promised, and to build the platform, due to reputational risk.
Apart from this, iCandy has an expansive network of studios, a deep reservoir of resources, and legal know-how – all three are key ingredients to the success of Nitro and the NOX economy.
There were other spurious attempts by unreliable OTC-traded companies to develop blockchain-based projects but none of them have progressed beyond some initial publicity. OTC-traded companies are not listed companies as they are not on the official list of a stock exchange. This is the first crypto-currency in the world backed by a credible publicly listed company listed on a major international stock exchange.
A: Our aim is to launch the beta for the game funding platform in July 2018, and the official launch August 2018.
A: There is no minimum fundraising target. The crowdsale will proceed on as usual.