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Nuvo’s blockchain network and Nuvo Cash ecosystem revolutionizing Africa
The blockchain network of Nuvo is the progress in connectivity across Africa. The extensive African continent is beginning to demand its place in the worldwide network with increasing advances in infrastructure and telecommunications. This has not gone unnoticed by the Internet giants like Amazon, Google or mobile phone companies. Recently, the American company Google inaugurated a research laboratory on artificial intelligence, the first of its kind in the city of Accra, Africa. The goal of the installation of Google with the aim of responding to socio-economic, political and environmental problems of the continent.
There is a clear interest in the continent and its hundreds of millions of inhabitants, one of the least digitized regions. Because of this, and under pressure from traditional media, the need for decentralized networks becomes realized. Nuvo offers a decentralized system both for uncensored publication and for the creation of alternative, interconnected social and community networks.
Nuvo’s blockchain network will serve as the foundation for a network of social networks and communities. A blockchain system has been proposed through a fork of the Steemit code. The purpose is to provide a base layer for censorship-resistant and open source social networks that empower their users in a fair manner. This release empowers users who earn income by the quality of their content and allows them to use the NUVO tokens (the network’s cryptocurrency) as their internal currency.
Participative Economy and Content Management in the Nuvo Cash Blockchain Network
The participants in the proposed system are remunerated on the basis of a meritocracy. This means that in exchange for basic actions such as sharing content or voting for other users/media’s publications. Since content shared by users creates value for the network, and votes and comments create value for users (by organically identifying good and bad content); all users are given NUVO tokens for common forms of participation, such as publishing, sharing, voting. and commenting. It was also announced that the company would manage the sale of NUVO tokens on behalf of Nuvo Cash. In this sense, Nuvo can be purchased during April and May.
“THE NETWORK TOKEN FOR THE NEW STANDARD OF SOCIAL MEDIA.”
News sources will be filtered through a voting process certified by blockchain. In order to show users the most relevant content of interest, at the same time, the less popular content does not disappear and is recorded with censorship resistance. This method will avoid any bias in news source algorithms. This is a problem normally faced by the media since, according to the intentions of the creator of the algorithm, they can be used to optimize advertising or manipulate the news. Therefore, one of the main causes of the usual censorship in the African continent is eliminated.
Being an economy based on meritocracy, the users themselves and actions registered in the network exercise decentralized power. There is no central point of ownership or control of the network, which means that no single and totalitarian power is able to remove the content as in centralized systems, without permission or prior notice.
The collaborative spirit of the network is manifested from the very first moment
Because the Nuvo blockchain network is a decentralized property owned by all its participants, other parties are welcome to build their own communities in Nuvo; with an area of focus. Nuvo Cash Ltd. is currently working on an optimized launch process that will enable these parties to establish and build their own communities. So open and widespread participation is an open arms policy; worthy of the oldest settled cultures on the continent. On their website we can read a clear message:
“NO CENSORSHIP, NO TAKEDOWNS, AND ALWAYS GETTING PAID. NUVO CREATES A SOCIAL MEDIA EXPERIENCE WITH ONE-OF-A-KIND, ALL-AROUND VALUE!”.
Nuvo Cash community base in Jamaa aims to expand to 100,000 users
To date, there is a fully functioning social media community created in Nuvo. Jamaa is the first active community (Jamaa means friend in Swahili) that is user-oriented in Africa, and currently has more than 15,000 users, according to a press release issued by Nuvo Cash. In anticipation of further growth of Nuvo’s blockchain network, Nuvo Cash announced in the press release that it would launch a messaging platform called Nuvo Chat operating on a second layer. Following the release of Nuvo Chat next Friday (April 19, 2019), existing Jamaa users will be able to use their Jamaa login credentials to access Nuvo Chat at http://nuvochat.com.
Operating a decentralized two-layer messaging and social media network (such as Nuvo) on a decentralized one-layer infrastructure network (such as Ammbr) results in fully decentralized communication; this leads to the creation of a media distribution network. The creation of such a network allows substantial social benefits to be generated on a global scale by creating new opportunities. Not forgetting that it encourages the introduction of longed-for or unknown freedoms in many regions. This type of initiative is expected to propel the number of adopters of the network in the coming months approaching 100,000 total users.
Details for the acquisition of Nuvo Cash Token
The token can be purchased the ProBit exchange page (Probit.com) at this time. Please note that a +5% bonus is attached to purchases made with native ProBit exchange tokens (PROB token). For the remaining pairs (USDT, BTC, ETH, STEEM and XRP), the spot price (or Base price) is set at 0.0025 USDT. This means that for 1 USDT (Tether equivalent to 1 USD) 420 NUVO tokens are received; as well as the pairs Btc, Eth, Xrp and Steem. Remember, in addition to 420 NUVO per dollar, you will receive +5% if payment is made with PROB tokens (440 NUVO).
The fixed minimum collection is set at $100,000 and the HardCap or maximum collection is $5,000,000. These calculations are based on a total token supply of 4,000,000,000 nuvo. Of which 2,000,000,000 are available for sale, 50%. This means 600,000,000 NUVO tokens for development; 400,000,000 for strategic partnerships and 1,000,000,000 NUVO for reward campaigns respectively.
To become part of the community we recommend visiting the official Nuvo Cash group in Telegram
Official website of the Nuvo Cash project
NUVO Token buy page at Probit.com