What is Nosana (NOS)?
NOS is the native token of Nosana, which is a decentralized computation network that runs on Solana. Nosana provides users with CPU cloud computing services, as well as trustless CI/CD infrastructure. In essence, Nosana assists open-source software development initiatives and makes their software development process quicker, more cost-effective, and more secure.
Galactica is the first project of Nosana. It gives projects the computing power needed to operate CI/CD infrastructure. The project does that y allowing developers and supporters to share computing power with one another.
Besides, Nosana provides users with earning possibilities through running code checks and making container images. They are rewarded with NOS tokens for doing that.
Check out the live Nosana price chart above. It features the current and the previous NOS price.
Use Cases of NOS Tokens
NOS tokens have various use cases. For starters, the project uses Nosana tokens for rewarding those who contribute to the network. This includes running the aforementioned code check or processing pipelines.
Moreover, NOS tokens can be staked. By staking, NOS holders can become network validators and also earn staking rewards.
Also, Nosana coins provide holders with governance rights. This means that NOS holders can participate in various decision-making processes.
In order to boost the adoption of the token and real-world use cases, Nosana has also partnered with significant healthcare providers. Customers who use Nosana tokens to pay receive special discounts and promotions thanks to these agreements.
Interested in the recent movements of the NOS price? Don't forget to check the Nosana price chart above.
Who Founded Nosana?
The Nosana crypto project was co-founded by Sjoerd Dijkstra and Jesse Eisses.
Sjoerd Dijkstra is a DevOps engineer. He is an expert in the creation of cloud-native applications and the development of highly available and self-repairing cloud infrastructure. Sjoerd has a degree in computer programming and artificial intelligence. Before co-founding Nosana he worked at Vrafter B.V., 3DUniversum, Effect Network, Digital Survival Company, ascode, Zivver, and yogy.
Jesse Eisses is an expert of blockchain technology. He has over 10 years of experience in the crypto industry. He has a degree in artificial intelligence. In the past, he worked at such companies as Itsavirus, MyAdbooker, and 3DUniversum. Besides, he co-founded the Effect Network.
Tokenomics of NOS
The max supply of Nosana tokens is 100 million. The Nosana team has implemented a buyback-and-burn mechanism, where 20% of profits are used to repurchase tokens from exchanges and permanently remove them from circulation, therefore increasing the value of remaining tokens. Hence, the NOS price remains stable.
