ICO Nitro

The Nitro project is an online consortium that involves the creation of an electronic marketplace (“Nitro Marketplace”) and the issuance of a new Ethereum-based cryptocurrency called NOX (or “NOX Token”). NOX is being developed by Nitro Interactive Limited, a private limited company incorporated in the British Virgin Islands.

The crowdsale of NOX Tokens and its subsequent funding-related operation are managed by Nitro Interactive Limited in compliance with the requirements of the British Virgin Islands Securities And Investment Business Act 2010. The Nitro project is supported by iCandy Ventures Ltd, which will be publishing all the video-games funded by the Nitro project. iCandy Ventures Ltd is a subsidiary of Australia-incorporated and Australia Securities Exchange (ASX)-listed iCandy Interactive Limited. Purchasers may only purchase the NOX Tokens using Ethereum or Bitcoin.

Enter Nitro; an independent, blockchain-based online collaboration platform, which seeks to allow participation in the video-games economy, to connect various stakeholders, and to achieve growth for the overall Nitro network.

Using a new blockchain cryptocurrency called NOX, this economic platform will bridge the problems currently plaguing the various actors in the video-games industry, and through the process, bring about massive benefits to the global video-games community. Most importantly, we seek to democratise the economy of the videogames industry, creating a holistic community by bringing all the stakeholders onto an integrated platform.

By purchasing NOX, NOX holders will be able to participate in the economy of the video-games industry. Nitro will fund games voted in by NOX holders on the platform. Promising Game Studios will have access to much needed funding and will be able to connect with gamers earlier on in the development cycle. This will greatly improve the quality and variety of games produced. On the side of the gamers, they will be able to use the token as in-game currency to purchase games or in-game items. Gamers may also be eligible for incentives, in the form of NOX tokens given out by game studios, for performing actions such as trying out new games, participating in game tournaments etc.

We believe gamers are well positioned to be among the most prolific early adopters of cryptocurrencies. Revenue-share from funded game titles will be kept in a Vault and NOX Holders will be incentivized with rewards distributed from Nitro’s Vault from time to time, as a form of reward for their participation in growing the network. This is among the first in the world, with NOX being the pioneering blockchain-based cryptocurrency token to be backed by a publicly listed company, iCandy Interactive Limited (ASX: ICI). We believe that Nitro will disrupt the playing field, acting as a mean to connect and grow the video-games industry in a manner that is equitable for all parties