Why Nano Price Is Mooning?

The Best Crypto-IoT Collaboration

The announcement was made from the Nano center, yesterday. The release of the Nano IoT charger was confirmed by the company and poses as the most promising entry into the IoT industry. The IoT charger and associated apparatus is said to be run on the native Nano coin.

The charger that has been released as of now is still a prototype and the features that have been revealed so far that the charger hosts are:

• It only requires the user to scan a QR code for transactions
• The QR code initiates a micro-level managed transaction process; hence no need to worry about change
• Is so far only compatible with NANO wallets

This announcement from the Nano Centre is a huge milestone for the company and the community alike because as and when the charger is successfully tested and released to the market, there are many real-world use cases that can be catered to. Of course, to do so for real-world use cases, there is a lot of potential harnessing and multiple iterations that will have to take place beforehand.

Nano Branches Out

Nano is not the first cryptocurrency coin and company to venture into the IoT space, it is, in fact, actually third or fourth. Behind IOTA and several other coins that are also in the space as of now. However, the excitement and expectation that surrounds this coin are because before embarking on this journey the company did its market survey in a very interesting way.

The Nano company used its YouTube channel to start engaging with its community and the feedback it got through it was invaluable to the company. The community’s reaction to the YouTube channel and its content very clearly slated for the company what was expected of them and what they needed to do.

The company with this move towards diversifying their business has the potential, with this product, to become a global brand name in the IoT industry. The company’s coin NANO too is starting to be listed in many, many exchanges. Which is a very high reason for the coin’s large adoption and price hike in the market.