Nodepay — Season 3 Rewards Will Produce A Viability Metric

DePIN Producing Supportive Income Models

Nodepay is the first significant DePIN to launch on Solana outside of Grass. Free browser extension mining has been active for several months, and Nodecoin (NC) is actively traded across multiple CEXs and DEXs. Like most altcoins, it has been hammered in recent months. Upon launching, NC traded North of $0.30. According to CoinGecko, its all-time high is $0.33.

Before going live on exchanges, NC traded above $0.50 on Whales Market, a premarket marketplace where investors can speculate on tokens and airdrop points before listing and allocation. Nodecoin has been between $0.05 and $0.06 recently and has a market cap valuation of $10 million. GRASS continues to trade at a healthy valuation and market cap. At the time of writing, GRASS was trading at $1.77 and had a market cap of $431 million.

Considering that Nodepay only has a market cap of $10 million, it’s well within the realm of reality to consider the fair value price anywhere between $0.30 and a dollar. Regarding viability analysis, a…