Hyperscale Data's Bitnile.com Unveils Nile Coin on Solana Blockchain

Introducing Nile Coin: A New Era for Bitnile.com

Bitnile.com, a USA-based social gaming subsidiary of Hyperscale Data, Inc. (NYSE: GPUS), has taken a significant step forward with the launch of its own cryptocurrency, Nile Coin (NILE), on the Solana blockchain. This move signifies a robust integration of digital currency within the gaming ecosystem, aiming to enhance player engagement and accessibility on the platform.

Nile Coin’s Launch and Market Overview

The launch, which took place recently, revealed an impressive minting of 500 billion Nile Coins. As of the latest updates, the market capitalization is approximately $164.5 million, driven by current trading prices around $0.000329 on decentralized exchanges powered by Solana, notably with liquidity supported by Raydium.

Initially, Bitnile.com contributed a portion of Nile Coins and SOL to the liquidity pool, enabling smooth transactions and trading. The liquidity pool currently shows the sale of about 76.6 million Nile Coins, with the remaining quantity still available, reflecting strong interest and investment in this new cryptocurrency.

Key Features and Liquidity of Nile Coin

One of the critical features of Nile Coin is its structure and liquidity management:

• Whitepaper Resources - A comprehensive whitepaper is available for users to understand the coin’s mechanics.
• Liquidity Insight - Initially seeded with 100 million NILE and approximately 11 SOL for trading efficacy.
• Coin Specifications - The coin has a fixed supply of 500 billion NILE, ensuring scarcity and value retention with retracted minting and freezing privileges.
• Current Treasury - As of the reporting date, the treasury maintains a substantial balance of over 3.2 billion Nile Coins, assuring community trust in its long-term sustainability.
• Vesting Schedule - A significant majority of the supply, about 99.8%, is secured within an audited smart contract, ensuring that NILE is released steadily over a three-year period, fostering stability.

Future Payment Possibilities with Nile Coin

Joe Spaziano, the Chief Executive Officer of Bitnile.com, expressed enthusiasm about the project, noting that integrating Nile Coin into their social gaming framework aims to present users with an alternative payment method. This innovative approach is likely to attract a broader audience, enhancing Bitnile.com’s overall gaming experience. Expected to commence in June, the acceptance of Nile Coin could transform transactions within the gaming platform, making it more appealing to cryptocurrency enthusiasts.

About Hyperscale Data, Inc.

Hyperscale Data, Inc., through its subsidiary Sentinum, operates advanced data centers focusing on mining digital assets alongside providing colocation and hosting services. Their diversification strategy includes acquisitions in technology and industries that have substantial global impacts.

As Hyperscale Data anticipates the divestiture of a large part of its business by the end of the year, its current investments span multiple sectors like AI, social gaming, and financial services, demonstrating a commitment to innovation and market relevance. Their locations are strategically positioned to meet the demands of high-performance computing applications across various industries.

For further inquiries or detailed updates, interested parties are encouraged to consult the company’s public filings available on the official website.

Frequently Asked Questions

What is Nile Coin?

Nile Coin is a new cryptocurrency launched by Bitnile.com on the Solana blockchain, aimed at integrating digital currency within social gaming.

How many Nile Coins were minted?

A total of 500 billion Nile Coins have been minted as part of its launch.

When can users start using Nile Coin for payments?

Bitnile.com expects to start accepting Nile Coin as a payment method around June 1, 2025.

What is the current market capitalization of Nile Coin?

The market capitalization is approximately $164.5 million, based on the latest trading prices.

How does Nile Coin contribute to Bitnile.com’s gaming platform?

Nile Coin enhances the accessibility and user engagement by providing an additional payment option for transactions within the platform.

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