Nodle
$NODL
5/3/20241 min read
Nodle is a decentralised wireless network designed to provide a global, easy-to-use communication network for IoT devices. It consists of Nodle Edge nodes, the Nodle chain and NODL tokens¹. The network aims to generate revenue for hardware and IoT devices by allowing network contributors to share their communication resources.
These contributors become part of a shared, interoperable ‘citizen network’ and are incentivised through a proof-of-connectivity algorithm based on the number of base stations, network bandwidth, and geographic coverage.The Nodle network is deployed through software that runs on wireless devices (such as smartphones, routers, fixed base stations, drones, vehicles, and other connected devices). software to deploy it.
On the Nodle Network, tokens called NODLs can be mined by participating in the network and contributing resources such as radios and bandwidth. This is done by enabling your smartphone to provide these resources. In return for their contributions, participants are rewarded with Nodle Cash. The number of rewards you receive depends on your contribution to building the Nodle network, which is calculated based on application availability, Bluetooth availability and geographic coverage. Rewards are calculated every 15 minutes based on a node's network contribution metric and distributed to the node's wallet every 4 hours.
The Nodle network has global coverage with no roaming restrictions. It is designed to scale in urban areas and does not require the deployment of new hardware infrastructure, making it an economically viable long-term opportunity to connect new devices.
By downloading the Nodle app, you become a ‘node’, participating in the network and earning rewards¹. The more people who join, the stronger the network becomes. Every smartphone is a ‘node’ just waiting to get started. Smartphones become nodes by locating and connecting to devices within the network. Nodes receive rewards based on connectivity and availability, which varies by location.
The Nodle network is managed by Nodle International and its subsidiaries. They are responsible for the privacy of website visitors and Nodle app users. They have built a Bluetooth low energy based network to help companies and cities connect and collect data from devices, sensors and tags.
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