Nodle Network (NODL)
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Frequently Asked Questions
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Use Cases of Nodle Network
IoT Device Connectivity: Nodle Network uses smartphones as nodes to connect and locate Bluetooth-enabled IoT devices and sensors worldwide. This helps companies track assets and devices in real time.
Proof of Connectivity: Users earn Nodle Cash (NODL tokens) by sharing wireless data packets collected from nearby IoT devices, helping to grow a decentralized physical infrastructure.
Content Authentication: The network can verify and secure media content like photos and videos on the blockchain, ensuring they remain authentic and untampered.
Smart Missions: These are simple decentralized applications running on users' devices that incentivize participation by rewarding users for connecting specific devices or completing tasks.
Enterprise Solutions: Businesses use Nodle’s toolkit to locate and connect Bluetooth devices globally, improving operational efficiency, such as in insurance for vehicle tracking.
NFT Minting and Rewards: Users can earn crypto and mint NFTs by participating in the network, often through geolocated airdrops or loyalty programs.
Decentralized Physical Infrastructure (DePIN): Nodle creates a location-based blockchain layer by leveraging the global smartphone infrastructure, enabling various real-world applications like asset tracking and device validation.
For more details, visit Nodle's official website.
Last Updated: 6/19/2025 02:06 UTC -
Pros
- Decentralized IoT Network: Uses smartphones as nodes to create a global network for connecting Bluetooth devices and sensors.
- Earn Crypto Easily: Users earn Nodle Cash tokens by running the Nodle app on their phones, collecting Bluetooth data packets.
- Low Battery Impact: Uses Bluetooth Low Energy (BLE), which minimizes battery consumption on smartphones.
- Privacy Focused: No email or personal info required to participate.
- Supports Real-World Applications: Useful for asset tracking, media content authentication, and proving location.
- Innovative Features: Includes social key recovery for account access and proof of connectivity to reward users.
- Open Source & Scalable: Built on Parity Substrate, designed for scalability and decentralized applications.
Cons
- Price Volatility: The value of Nodle Cash tokens can change quickly and unpredictably.
- Early Stage Development: Some features and ecosystem parts are still being rolled out.
- Token Claiming Fees: Claiming rewards requires holding enough tokens to pay transaction fees.
- Limited Direct Fiat Purchase: Nodle tokens usually need to be bought via other cryptocurrencies first.
- Market Activity: Trading volume and market cap are relatively low compared to major cryptocurrencies, which may affect liquidity.
For more details, visit Nodle Network's official website.
Last Updated: 6/19/2025 02:07 UTC -
Founders of Nodle Network
- Micha Benoliel: Co-founder and CEO, a serial entrepreneur with a background in telecommunications and networking. He previously co-founded Open Garden and was involved in enabling Skype's SkypeIn and SkypeOut services.
- Garrett Kinsman: Co-founder, who has been involved since the early days and helped build the decentralized wireless network concept behind Nodle.
These two started Nodle Network in 2017 to create a decentralized, low-cost, and energy-efficient wireless network for connecting IoT devices using smartphones.
Last Updated: 6/19/2025 02:07 UTC -
Investors in Nodle Network
- Venture Capital Firms: Some known investors include Luminescence Capital, Maxx Capital, pSquare Capital, Titans Ventures, and TokenHunter.
- Blockchain and Crypto-Focused Funds: Early funding came from groups like Blockchange, Blockchain Ventures (Blockchain.com), Olymp Capital, Bootstraplabs, and Blockhead.
- Other Investors: Work Play Ventures (founded by Marc Pincus) also participated in seed funding rounds.
- Funding Rounds: Nodle has raised around $9.7 million over multiple rounds, including seed and venture investments.
These investors support Nodle Network’s growth as a decentralized physical infrastructure network using smartphones to connect IoT devices globally.
Last Updated: 6/19/2025 02:07 UTC -
Halal Status of Nodle Network
- Yes, Nodle Network is generally considered halal because it operates as a decentralized physical infrastructure network that rewards users for providing connectivity and data services using smartphones.
- It does not involve interest (riba), gambling (maysir), or prohibited activities, but rather rewards participants for contributing to a useful technology network.
- The token rewards come from participation and service, which aligns with earning through effort and contribution.
For specific personal or religious rulings, consulting a qualified scholar is recommended.
Last Updated: 6/19/2025 02:07 UTC
Description
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Nodle Network is a decentralized network that connects and secures IoT devices using Bluetooth Low Energy (BLE). It uses Nodle Cash, a cryptocurrency, to incentivize users who share their smartphone’s connectivity and battery power with the network.
Sector: | DePIN |
Blockchain: | Polkadot |