Nodepay to Distribute 11.5% of Token Supply in Initial Airdrop

Grass competitor achieves $450M FDV in pre-market trading.

Published: Jan 13, 2025 at 10:22

Nodepay, an AI data training protocol, has announced the launch of its native token, $NC, on the Solana network. Airdropping 11.5% of its total supply to early platform users and contributors, the $NC TGE (Token Generation Event) continues Solana’s rich culture of rewarding network participants.

$NC’s pre-market valuation soared following the announcement, reinforcing the crypto market’s high demand for AI infrastructure protocols.

What is Nodepay, and what role does $NC play in its ecosystem?

NodePay TGE Scheduled for January 14

On January 12th, Nodepay announced its upcoming TGE and provided complete details surrounding the coin’s tokenomics and distribution schedule.

$NC trading is scheduled to go live at 13:00 UTC on January 14th, with airdrop farmers and platform users receiving 115M $NC tokens. A further 305M $NC tokens will enter the market through further contributor incentives, including validator operations and data providers.

NC tokenomics

Nodepay’s Airdrop 1 rewards campaign began in May 2024, with thousands of users downloading the Nodepay browser extension or mobile app. In exchange for providing their unused internet data to Nodepay’s AI-training ecosystem, platform users and airdrop farmers have steadily collected Node Points.

nodepay adoption

As a result of this user-acquisition strategy, Nodepay boasts over 1.6M individual nodes, spread across 180 countries around the world.

What is NodePay?

A Solana-based DePIN protocol, Nodepay aims to fight the centralization in the flourishing AI industry. Seeking to disrupt Big Tech monopolies from cornering the AI data market, Nodepay allows users to contribute their unused internet bandwidth to help build a decentralized AI data training network, while earning crypto rewards.

Nodepay’s native token, Nodecoin ($NC), is the lifeblood of its decentralized ecosystem. $NC is used to pay for network services, like real-time data retrieval and AI-specific crawling. By staking $NC, holders can secure the Nodepay network, while earning rewards and participating in protocol governance.

Additionally, revenue generated from Nodepay’s services is expected to flow back into its ecosystem through a buyback mechanism, driving sustainable value to the asset.

Nodepay raised $7M in total funding throughout 2024, enjoying early investment and support from the likes of Animoca Brands and Jump Crypto.

$NC Hits $450M Pre-Market FDV

$NC premarket value surged by 104% following the TGE announcement, rising from $0.22 to currently trade hands at $0.45, based on Whales Market data.

NC premarket

At these prices, $NC boasts an FDV (Fully Diluted Valuation) of $450M, launching at 19.14% the valuation of Grass, a similar protocol building a decentralized AI data layer. With an initial supply of 208M tokens, pre-market dynamics suggest $NC will launch with a market cap of approximately $93.6M.