WeNano

Rethinking Digital Money

[WeNano @WeNanoApp]

Did you know you can rain nano anywhere in the world using WeNano? Here is a video to show you how it works $XNO #NANO #XNO

[WeNano Business @WenanoBusiness]

A new shop has appeared on the #WeNano Map! SoulResonance is located in Parsteinsee, Germany. And they even accept $Nano as payment! https://t.co/E3gDh9ljv6 #supportsmallbusiness $Nano $XNO

[WeNano @WeNanoApp]

@KitKristofer So, something went wrong with the themes in the latest iOS update, we will push an update, but the x to close is in the top left corner, it is black and hard to see

[Gustav Schauwecker Ӿ @gschauwecker]

#Nano fam, today is an epic day for RsNano! It's finally done - the RsNano code base is 100% #Rust. It took 3 years 6 months and 8 days to reach this goal. Thanks for all of the support and special thanks to Rui who put a lot of effort into this too!

[WeNano @WeNanoApp]

Hi all, we have just released a new update that allows you to block posts from other users in the spot chats. Just long press a message on iOS or tap one on Android to find the block option. $XNO #WeNano

[WeNano @WeNanoApp]

@alexjohnward The only location where the app is not on the App Store for iOS as least is China mainland because of some regulatory stuff. It has been a while since we tried to add China back, so perhaps it is easier now

[WeNano @WeNanoApp]

Nice to see increased activity and new people getting their first payouts in WeNano! We have increased the payout in one of the world Spots, so perhaps it is time to check back in for those who haven’t done so for a while? $XNO

[WeNano Business @WenanoBusiness]

We have added the ability to generate flyers in WeNano Business. These flyers includes the QR code for your customers to start doing payments using any nano wallet. Post them on the wall to let your customers know you accept nano. $XNO @WenanoBusiness

[Nano @nano]

"Nano ($XNO) Outshines Bitcoin Spot ETFs in Social Media Activity, Gains Popularity" ✨

https://t.co/xSudXJhfDA

[BlockHunters @BlockHuntersApp]

Just a quick post to let you know we are still around and have posted a minor update for Android and iOS to fix some issues. Quick reminder that at the moment our daily hunts allow everyone to get a small amount of Nano every day! Wish you all a great Sunday.

[WeNano Business @WenanoBusiness]

A new business has appeared on the #WeNano Map! https://t.co/706maGluKq is located in New York, United States. And they even accept $Nano as payment! https://t.co/W3lXNL8k5N #supportsmallbusiness $Nano $XNO

[Vik Sharɱa - Cake Wallet 🇺🇸 🦞🍰 @vikrantnyc]

I need to increase my #XNO holdings. It’s a sleeping monster.
Post a screenshot of your @cakewallet #NANO receive screen here and I’ll send you some to try. See just how fast and free it is.

[Thomas @thomas_vitu]

A bit late on the grok and #nano $xno trend but I had to see it for myself. Zero previous prompts. I believe this trend will continue for most, if not for all products and services across industries.

[WeNano @WeNanoApp]

@KitKristofer The rain btn is the heart in the top right on the map. When do you into issues on viewing a business? Which tab? And Android or iOS?

[WeNano @WeNanoApp]

Did you know you can rain nano anywhere in the world using WeNano? Here is a video to show you how it works $XNO #NANO #XNO

[WeNano @WeNanoApp]

@zabek_ox @nano There is a lot of Spots in Nigeria, the main focus should be spreading awareness I think

[Milan @milan_dereede]

On liquidity and validation

Lately I'm often asked about liquidity in Nano.

Liquidity matters on two levels:
• High net-worth individuals or big businesses investing
• Businesses needing to swap to fiat

Big investors
For big investors depth of the market matters. They need liquidity to execute large transactions without significantly affecting the price, including potentially being able to sell Nano.

This is largely a chicken and egg situation. There is a large group of people who know about Nano, see value in it, and hold a bit of it. There are many developers integrating Nano into services, and even more considering doing so.

What Nano seems to miss is that one big, public investor or usecase. BCH has @KimDotcom and @rogerkver, BSV has @CalvinAyre, BTC has many (@saylor comes to mind), and many other chains have venture capital backing since the start.

Nano didn't start with VCs, and while it often feels like Kim and Roger could be Nano supporters just as easily as BCH supporters, switching is always hard psychologically.

In many of my threads on Nano as the hardest store of value no one argues with the reasoning. Instead they argue about current price action and price history. When that argument gets removed there is very little argument against Nano.

To an extent this is what we saw when Elon Musk announced that Tesla was looking into a sustainable crypto alternative to use for payments. Nano's price shot up, despite Nano not explicitly being mentioned and despite its low market cap.

One big player buying in and mentioning how Nano's proposition seems to make sense, one serious integration, would be the final straw that validates Nano for lots of people.

It feels like everyone in crypto knows Nano. In DMs large crypto Twitter accounts acknowledge this, saying it works well and they hold a little bit of it just in case.

It feels like no one dares to be the first to support it. It feels like after that first "trailblazer", everyone will be claiming how they'd known about Nano for a long time. Most people are followers, rather than leaders.

Taking this back to liquidity, Nano's current liquidity being low is something that is not fundamental to the protocol. It's dependent on market action. As Nano grows, spreads on exchanges decrease.

In many ways, comparing Nano to other crypto and especially to Bitcoin you would expect lower spreads and higher liquidity for Nano at any given market cap. Nano is fundamentally the cheapest and fastest asset to move, out of all crypto.

Exchange integrations will likely improve as Nano becomes more popular. If there is an exchange with low liquidity or high spreads, you could instantly send Nano there. It would take literal seconds, and be feeless or come with a very small fee levied by the exchange.

If there is an arbitrage opportunity, nothing transfers value faster than Nano. For traders it makes far more sense to have an asset they can quickly move to any exchange to arbitrage with, rather than assets that are slower and more expensive to move.

Nano currently isn't on all exchanges, which again is a function of recognition and market cap. Coinbase shareholders would force Coinbase to integrate Nano if Starbucks integrated Nano for payments.

Business integrations
It's already easy to set up a system where people pay in Nano and merchants convert to USD or a fiat of their choice in the backend. Having set that up myself I can confirm that it's not difficult.

For small businesses there is plenty of liquidity for this. Even taking into account exchange fees, it's easy to accept Nano, convert it and withdraw fiat for <1% total costs.

As more businesses do so, as more people start using Nano or wanting to buy Nano for investment purposes, this level of spread and costs decreases further.

This is once again a chicken and egg situation. In the long run, you would expect businesses to be very interested because it allows them to cut costs. In the short run, it takes time and effort to integrate Nano, and there are not that many people holding and using Nano.

Bigger businesses
As transaction sizes increase, spreads become higher. Selling $100 Nano every minute has low slippage. Selling $100,000 Nano once an hour has more slippage.

This is where Nano's scalability and lack of fees play an important role. Businesses, even bigger businesses, can move Nano that they receive instantly, feelessly. It allows to sell in small increments, rather than waiting to batch transactions to reduce total fees paid.

With more business acceptance of Nano and businesses wanting to sell Nano on exchanges also comes more people buying Nano on these same exchanges.

Current liquidity might be problematic for $10,000 sells (or buys) every minute, but with increased business acceptance comes increased usage, trading and investing from other parties.

I can articulate the benefits of Nano and its fundamentals as both a store of value and medium of exchange forever. Realistically though, it means far more coming from an outsider, a big investor or a business integrating Nano and truly understanding its benefits.

Until that happens, we keep building, keep growing the community, keep growing the number of people who know about Nano and hold a small bit of it, so that when the time comes Nano is ready for the limelight.

[Natalie ⋰·⋰ @NanoNatalie]

In case anyone missed it: you can currently set up a free, pre-funded spot on @WeNanoApp - give it a go and share the broc! 🥦
#Nano $XNO

[Vini B |「 thecoding 」 @vinibarbosabr]

In case you missed it:
The Nano Community Programme is evolving to become more open, as a necessary next step forward on the Nano Foundation’s “open-source journey.”

✍️https://t.co/MH8Ct1GwAw

Read the blog post above to understand what is changing!

[Vini B |「 thecoding 」 @vinibarbosabr]

I just made a demo of my current favorite and most used cryptocurrency application in this space:

An #AI pay-per-prompt for #GPT4 and #Dalle3 models.

🤖App: https://t.co/hWl1GhWifx (by @mira_hurley)
💸Currency: #nano ( $XNO )
📲Wallet for this video: @cakewallet

Sounds on! 🔊

[WeNano @WeNanoApp]

Hey all, a couple of recent updates from us: https://t.co/kunHVC0fCp

https://t.co/PTk2ohSTTq