What Is Nodecoin (NC) - Unlock Passive Income on Nodepay and Earn Nodecoin?

Nodepay is a decentralized AI platform that operates on the Solana blockchain, leveraging its high throughput and low transaction costs to efficiently manage and scale its services.

In December 2024, Nodepay announced that it had secured a total of $7 million in funding to advance its mission of democratizing AI development. This funding round attracted new strategic investors, including IDG Capital, Mythos, Elevate Ventures, IBC, Optic Capital, and Funders.VC, as well as notable angel investors such as Matthew Tan, founder of Etherscan, and Yusho Liu, co-founder and CEO of CoinHako. They joined an impressive roster of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, and Tokenbay Capital. 

Nodepay is a decentralized platform that enables users to monetize their unused internet bandwidth by contributing to AI training and development. By installing the Nodepay browser extension and mobile app, individuals can earn rewards while supporting the advancement of artificial intelligence.

Understanding Nodepay's Ecosystem

Nodepay’s ecosystem | Source: Nodepay docs

At its core, Nodepay operates as a decentralized network where users, referred to as "nodes," share their idle internet resources. This collective contribution facilitates real-time data retrieval, AI model training, and reinforcement learning, all of which are essential components in advancing AI capabilities.

Key Features of Nodepay

1. Bandwidth Sharing: Users can share their unused internet bandwidth, transforming it into a valuable asset. This process not only provides passive income but also supports AI labs and enterprises in need of extensive data resources.

2. Real-Time Data Retrieval: Contributors assist in real-time data crawling, enhancing the output and accuracy of AI models. This continuous data flow is crucial for training AI systems to perform tasks more efficiently.

3. Reinforcement Learning: Participants can engage in activities that provide feedback to AI models, aiding in their improvement and earning additional rewards in the process.

4. Human Verification: By proving their humanity through specific tasks, users can unlock bonus rewards. This feature enhances the reliability and security of AI systems by ensuring genuine human interaction.

How Does Nodepay Work?

By transforming unused internet resources into valuable assets, Nodepay creates a symbiotic relationship between individual contributors and the AI industry, promoting a more decentralized and inclusive approach to AI development.

1. Installation: Users begin by downloading the Nodepay browser extension and mobile application, available for both iOS and Android devices. This setup allows seamless integration with the user's existing internet infrastructure.

2. Account Creation: After installation, users create a Nodepay account through a straightforward registration process, granting access to the platform's features and enabling tracking of earnings in real-time.

3. Contribution: Once the account is active, users can share their idle internet bandwidth with the Nodepay network. This shared bandwidth is utilized for various AI-related tasks, including real-time data retrieval and reinforcement learning, which are essential for training and improving AI models.

4. Earning Rewards: In exchange for their contributions, users earn rewards in the form of Nodecoin ($NC), the platform's native cryptocurrency. These rewards can be tracked through the user's dashboard, providing transparency and real-time updates on earnings.

5. Enhanced Participation: Beyond bandwidth sharing, users can engage in additional activities such as human verification tasks, participating in AI training missions, and referring others to the platform. These actions can lead to bonus rewards and higher earnings, fostering a more interactive and rewarding experience.

Nodecoin ($NC) is the native cryptocurrency of the Nodepay ecosystem, serving multiple functions that drive the platform's operations and incentivize user participation.

Nodecoin Token Utility

1. Transaction Fees: $NC is used to pay for services within the Nodepay network, such as real-time data retrieval and AI-specific crawling. This facilitates seamless transactions and ensures the efficient functioning of the platform.

2. Staking and Network Security: Users can stake $NC tokens to support network security and validate transactions. In return, stakers earn rewards, promoting active participation and maintaining the integrity of the ecosystem.

3. Governance: Holding $NC grants users voting rights on proposals and decisions affecting the Nodepay platform. This decentralized governance model empowers the community to influence the project's direction and development.

4. Incentives and Rewards: Participants earn $NC tokens by contributing unused internet bandwidth, engaging in AI training tasks, and completing human verification activities. These incentives encourage user engagement and the growth of the Nodepay network.

5. Ecosystem Development: A portion of $NC is allocated to fund future contributor incentives, ecosystem expansion, and partnerships, ensuring the platform's sustainability and continuous innovation.

Nodecoin (NC) Tokenomics

Nodecoin token allocation | Source: Nodepay docs

The total supply of Nodecoin is fixed at 1,000,000,000 tokens, ensuring scarcity and value stability over time. At launch, 208,000,000 tokens will be in circulation, representing 20.8% of the total supply.

NC Token Allocation Breakdown

1. Community Incentives (42%): A substantial portion, amounting to 420,000,000 tokens, is dedicated to fostering community engagement. This allocation is further divided into specific categories to reward various contributors within the ecosystem.

2. Future Contributor Incentives (26.5%): A total of 265,000,000 tokens are reserved for ongoing and retroactive incentive programs. These rewards recognize early contributors, bandwidth providers, and users who develop valuable content or tools for the Nodepay network, ensuring continuous innovation and community growth.

3. Airdrop One (11.5%): Comprising 115,000,000 tokens, this allocation is part of one of the most extensive token distribution events, aiming to establish a user-owned AI infrastructure from the outset and strengthen Nodepay’s decentralized foundation.

4. Validators (4%): To maintain network security and reliability, 40,000,000 tokens are allocated to reward participants who stake $NC and operate validator nodes. These validators are essential for producing blocks, verifying transactions, and upholding decentralization within the network.

5. Ecosystem Network & Foundation (22.5%): Encompassing 225,000,000 tokens, this allocation supports the ongoing operations of the Nodepay platform and its broader ecosystem. Funds are utilized for protocol upgrades, research, partnerships, maintaining liquidity, marketing campaigns, and overall network expansion, with deployment guided by both the community and Nodepay’s core team to ensure transparency and strategic use.

6. Investors & Advisors (21.5%): Early supporters, including investors and advisors, are allocated 215,000,000 tokens. These tokens are subject to a cliff period ranging from 1 to 12 months, followed by up to 36 months of linear vesting, ensuring a gradual release aligned with the project’s long-term roadmap. During the lock-up period, these tokens cannot be transferred or staked, aligning the interests of early supporters with the project's sustained success.

7. Team (14%): The development team is allocated 140,000,000 tokens, reflecting their commitment to Nodepay’s sustained success. These tokens follow a 12-month cliff, then 24 months of linear vesting. Locked tokens cannot be staked until fully vested, ensuring that the project’s builders remain aligned with the network’s growth over time.

Vesting and Distribution Schedule

Nodecoin vesting schedule | Nodepay docs

Nodepay has implemented a structured vesting and distribution schedule for Nodecoin ($NC) to ensure a balanced and fair allocation of tokens over time. This strategy aligns the incentives of all stakeholders with the long-term success of the Nodepay ecosystem, mitigating the risk of market oversupply and encouraging sustained engagement from contributors, investors, and team members.

Nodepay’s Detailed Vesting Schedules

1. Investors & Advisors (21.5% - 215,000,000 $NC):

• Cliff Period: Ranges from 1 to 12 months, during which tokens remain locked and cannot be transferred or staked.

• Vesting Period: Following the cliff, tokens vest linearly over up to 36 months, ensuring a gradual release that aligns with the project's long-term roadmap.

2. Team Allocation (14% - 140,000,000 $NC):

• Cliff Period: 12 months, during which tokens are locked to demonstrate commitment to the project's development.

• Vesting Period: After the cliff, tokens vest linearly over 24 months. During the lock-up period, these tokens cannot be staked, ensuring that the project’s builders remain aligned with the network’s growth over time.

3. Future Contributor Incentives (26.5% - 265,000,000 $NC):

• Allocation Purpose: Reserved for ongoing and retroactive incentive programs that recognize early contributors, bandwidth providers, and users who build valuable content or tools for the Nodepay network.

• Distribution Method: Tokens are distributed based on participation and contributions, promoting long-term project sustainability.

4. Community Incentives (42% - 420,000,000 $NC):

• Allocation Purpose: Dedicated to community incentives to drive engagement and ecosystem activity.

• Distribution Method: Tokens are distributed through various programs and initiatives aimed at rewarding active community members.

5. Airdrop One (11.5% - 115,000,000 $NC):

• Allocation Purpose: Dedicated to Nodepay's initial airdrop for community distribution.

• Distribution Method: Tokens are distributed to early platform users and contributors as part of the airdrop campaign.

6. Validators (4% - 40,000,000 $NC):

• Allocation Purpose: Supports validator operations, enhancing network security.

• Distribution Method: Tokens are allocated to participants who stake $NC and operate validator nodes, rewarding them for producing blocks, verifying transactions, and upholding decentralization.

7. Ecosystem Network & Foundation (22.5% - 225,000,000 $NC):

• Allocation Purpose: Supports the ongoing operations of the Nodepay platform and the broader ecosystem.

• Distribution Method: Tokens are deployed under guidance from both the community and Nodepay’s core team, ensuring transparent and strategic use for protocol upgrades, research, partnerships, maintaining liquidity, marketing campaigns, and overall network expansion.

Nodepay, a decentralized AI training and development platform, is set to distribute its native token, Nodecoin ($NC), through a comprehensive airdrop campaign. This initiative rewards early adopters and active participants, fostering community engagement and expanding the platform's user base. Below are the essential details regarding eligibility, participation, claiming process, and key dates for the $NC airdrop.

Nodepay Airdrop One allocation | Source: Nodepay docs

Eligibility Criteria for Nodecoin Airdrop

To qualify for the Nodepay airdrop, participants must have engaged in the platform's activities during the designated seasons. The eligibility requirements include:

• Season Participation: Active involvement in Nodepay's Seasons 0, 1, and 2, which involved tasks such as installing the Nodepay extension, sharing internet bandwidth, and completing various missions to earn points.

• Proof of Humanity: Obtaining a Proof of Humanity medal by verifying identity through connecting and authenticating email, Discord, and X (formerly Twitter) accounts.

• Solana Wallet Connection: Linking a Solana wallet to the Nodepay dashboard before the specified deadline to facilitate token distribution.

How to Participate in Nodepay Airdrop

To participate in the Nodepay airdrop, follow these steps:

1. Register on Nodepay: Sign up for a Nodepay account through the official website.

2. Install the Nodepay Extension: Download and set up the Nodepay browser extension or mobile app to begin sharing unused internet bandwidth.

3. Link Solana Wallet: Connect your Solana wallet via the Nodepay dashboard to receive $NC tokens.

4. Complete Proof of Humanity: Verify your identity by linking and authenticating your email, Discord, and X accounts, then obtain the Proof of Humanity medal in the dashboard's "Medals & Boost" section.

5. Engage in Platform Activities: Actively use the Nodepay extension to share bandwidth and complete available missions to accumulate points, which determine airdrop allocations.

Key Dates

• Snapshot Date: November 26, 2024 – Nodepay conducted a snapshot to record eligible participants for the airdrop.

• Airdrop Checker Launch: January 10, 2025 – Nodepay's Airdrop Checker became available, allowing participants to verify their $NC token allocations.

• Token Generation Event (TGE) and Airdrop Distribution: January 14, 2025 – The official launch of $NC tokens, coinciding with the commencement of airdrop distribution to eligible participants.

• Exchange Listing: January 14, 2025, at 13:00 UTC – $NC tokens will be listed on major exchanges, including KuCoin, enabling trading.

• Withdrawal Availability: January 15, 2025, at 13:00 UTC – Participants can begin withdrawing their $NC tokens from exchanges.

How to Claim $NC Tokens

Nodepay is set to distribute its native token, Nodecoin ($NC), through an airdrop on January 14, 2025. To claim your allocated tokens, follow these steps:

1. Verify Your Allocation: Use the Nodepay Airdrop Checker, now live, to confirm your $NC allocation for Seasons 0, 1, and 2.

2. Ensure Wallet Connection: Connect your Solana wallet to the Nodepay dashboard to facilitate token receipt.

3. Claim Tokens: On January 14, 2025, access the Nodepay platform to initiate the token claim process. Follow the on-screen instructions to transfer $NC to your connected wallet.

Nodepay offers a range of advantages that make it an appealing platform for individuals and businesses alike:

1. Monetize Unused Internet Bandwidth: Nodepay enables users to convert their idle internet bandwidth into a source of passive income. By sharing excess bandwidth, participants earn rewards, effectively turning an underutilized resource into financial gain.

2. Support AI Development: Contributors play a vital role in advancing artificial intelligence by providing the necessary resources for AI training. This decentralized approach democratizes AI development, allowing a broader range of participants to influence the future of AI technologies.

3. Enhanced Privacy and Security: Nodepay prioritizes user privacy by ensuring that personal data remains protected. The platform's blockchain integration offers transparency and security, allowing users to share bandwidth without compromising their personal information.

4. Passive Income Opportunities: By participating in Nodepay's network, users can earn rewards without active involvement, making it an attractive option for those seeking additional income streams with minimal effort.

5. Contribute to a Decentralized Ecosystem: Joining Nodepay means becoming part of a global, decentralized network that challenges traditional centralized AI training methods. This collective effort promotes innovation and reduces the dominance of major tech entities in the AI space.

6. User-Friendly Integration: With accessible tools like browser extensions and mobile apps, Nodepay ensures that users can easily participate in the network, making the process of sharing bandwidth and earning rewards straightforward and convenient. 

Nodepay represents a significant advancement in decentralized AI infrastructure, offering users the opportunity to monetize unused internet bandwidth while contributing to the development of AI technologies. The platform's integration of Nodecoin (NC) as a utility token facilitates seamless transactions, governance, and rewards within its ecosystem.

As Nodepay prepares for Nodecoin’s airdrop and token listing, it is essential for participants to stay informed about key dates and procedures to maximize their involvement. However, engaging with emerging technologies and digital assets carries inherent risks. Remember to  exercise caution, conduct thorough research, and consider your risk tolerance before participating in the Nodepay ecosystem or investing in NC tokens. By remaining vigilant and informed, you can make educated decisions and potentially benefit from the innovative solutions that Nodepay aims to provide in the evolving landscape of decentralized AI development.

• What Is Grass Network (GRASS) and How to Earn Passive Income from It?

• What Are AI Agents in Crypto, and the Top AI Agent Projects to Know?

• Top AI Agents on Sui Blockchain: A Beginner’s Guide

• Top AI Agents Projects on Base Blockchain Network to Know in 2025

• What Is DuckChain (DUCK) and How to Claim $DUCK Airdrop?