Nano Token, yes for those unfamiliar with the project NANO is formerly known as Rai Blocks is a token and not a mineable coin despite being offered as such in several pools currently. There is and forever will be a fixed limited supply of 133,248,290 NANO tokens. Here's a few highlights to this token
Alt coin Review Date 5/28/18
Coin Price at time of Review
"As a result, we are announcing today that Nano will be matching the contributions of the victims to the legal fund established by Mr. Enger — including both past and future donations, for up to $1 mln — with a goal of establishing a total legal fund valued at $2 mln.”
"We know that the transactions Firano has claimed as “unauthorized” took place in October 2017, which matches the transaction database timestamps provided by Firano. There has been no evidence that the Nano protocol was responsible for any loss of funds from Bitgrail."
"There is evidence, however, that there was a bug in the Bitgrail software, as members of the community reported negative balances and receiving more digital currency then they should have when withdrawing money from Bitgrail. Our team is assisting law enforcement with their investigation into the Bitgrail hack and we are dedicated to the efforts of the victims in pursuing their claims."
The pro's far outweigh the cons here however, the BitGrail scenario creates a bunch of uncertainty for the future. For those investing in the alt coin Nano has to be part of your portfolio. However, I would recommend a small buy 2-5% of your crypto portfolio. Further more, I would only recommend buying 1 time on a price reduction of 50% or more because with the BitGrail hack. Not several regardless of how great block lattice is, how great 0 fees is and how excited i am for their own exchange.
Still have more questions regarding NANO, check out their site directly now
About the author:
Stephen Reynolds has over 20 years of online stock/option trading and been trading in cryptocurrency since 2013. He is a licensed broker, who has his 7, 11, and 63 licenses. He is the founder and CEO of Gitsumm Inc (2011).