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3 reasons why I invested in Nano / $XNO

3 reasons why I invested in Nano / $XNO
Simple. Fast. Free.

Nano is a digital payment protocol designed to be accessible and lightweight, with a focus on removing inefficiencies present in other cryptocurrencies. Here are three reasons why you might consider investing in Nano.

1. Zero fees

Nano transactions are feeless, making it ideal for everyday transactions1. This is because Nano utilizes a block lattice data structure, in which individual accounts control their own blockchain, allowing blocks to be added quickly without conflict and sent to the network for confirmation1. Transactions occur between accounts with two separate actions: the sender publishes a block debiting their own account for the amount to be sent to the receiving account, and the receiver publishes a matching block crediting their own account for the amount sent1. In my opinion, this is probably its greatest strength. Nano reminds me of email, free and fast. This is a great use case for a peer-to-peer decentralized money and even for businesses. No transaction fees lead to cost savings for all parties.

Nano is infinitely cheaper
2. Eco-friendly

Nano is a sustainable solution to money, as it doesn't rely on mining, printing, or minting2. Nano uses very little electricity, saving natural resources, and offers a significantly more eco-friendly distributed-payments network compared to Proof-of-Work (PoW) networks like Bitcoin3.

3. Tokenomics = token + economics

The current circulating supply of Nano currency is 133,248,297 XNO. This is a fixed total supply, and there are no new Nano coins being minted or mined. Ā 

Aristotle defined good money to have four key attributes:

Durable: with long-term decentralization, XNO passes this test
Portable: with zero fees, XNO is portable
Divisible: each Nano can be divided into as much as 30 decimal places
Intrinsic value: XNO passes with guaranteed scarcity!

Nano's proprietary design allows it to provide scalability with high efficiency, making it a reliable and responsive option for web applications such as Sendnano.

Still not convinced? Watch this short video below!

Introduction to Nano ;)

A Unique Launch

The developers decided against an ICO (initial coin offering) because they were worried that whale investors could hijack the platform and jeopardize its decentralization. As such, Nano was launched using a novel CAPTCHA faucet system. Users would complete a series of complex CAPTCHA and for their efforts, they were rewarded nano. This approach provided a fair and democratic token distribution to the community. The best way to believing is simply to try it out, get free Nano here!