Nanovest just received license to be Crypto Trading Platform – what does it mean for NanoByte Token (NBT).

25 Mar 2022, 05:44

Nanovest just received license to be Crypto Trading Platform – what does it mean for NanoByte Token (NBT)? Yes #NanoByteSquad, the news is out. We just received confirmation that Nanovest is already licensed as Crypto Trading Platform in BAPPEBTI. For Nanovest, it safeguards the venture from potential change of regulation in the future. It will also boost consumer confidence and allows us to acquire millions new users that might previously question our digital marketplace model with Tokocrypto as our crypto platform. However, what does it means for NanoByte Token (NBT)? In short, it’s definitely a good news for NBT too. Here we share the reasons why it’s such a good news for NBT community. The obvious one: NBT can be tradable on Nanovest There is no strict guideline that we cannot trade NBT on Nanovest (because it’s already traded on Tokocrypto too). However, we want to make it clear to regulator that we will only let NBT trading after we get the license, so our business is fully clean. Now that we got the license, it’s just a matter of time we let people trade NBT on Nanovest – and exposing NBT to demand from more than 2 million users (and going up). Exponentially increase potential use cases of NBT Nanovest is digital marketplace with multiple products, from crypto to global stocks to more asset classes in the future. Now that we have crypto trading license, we can also expose our users to web3 offerings, from staking to wallet integration to NFT and other asset classes. With this in mind, we can definitely create more demand of NBT. Imagine using your NBT to buy global stocks? Or hodling NBT to get exclusive promotion only for hodler? Staking your NBT to get other assets? Using NBT to interact with NFT marketplace? The possibility is limitless – and we want to hear from our community what use case YOU want us to prioritize, now that we can facilitate crypto offerings fully. Conduct marketing at all channels Without crypto trader license, some of big marketing channels didn’t allow us to promote NBT and Nanovest. Now, we can fully use all potential channels for marketing without limitation. It means we can finally go all out in promoting both NBT and Nanovest (and finally move away from beta 😊) More demand from high net worth and institutions When we speak to high net worth individuals and institutions to promote NBT, some of them have reservation to invest in NBT without crypto trading license. They might have wanted to invest in NBT, but corporate due diligence can be very rigid and license sometimes is a blocker. With license ready, our investment team can go all over the world promoting NBT without worry – and in the end creating more demand for NBT. The list above was just a few example of how this news can bring NBT to the next level and we will continuously have our NBT hodler in our mind when we develop new features. That’s it for now. It’s just a beginning and we are super excited to grow together with #NanoByteSquad Cheers Tommy, on behalf of Nano Team