Nodle Network (NODL)

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.

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.

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.

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.

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.