LocalNano goes live with its peer-to-peer exchange platform as it increases in value by 207.4%.
Nano and Its increase in Value
The cryptocurrency community has been more dominated by news of the Bitcoin ETF rejection and the whole scenario that surrounds it. This has gained the attention of the cryptocurrency community more because the change in the bearish trend of cryptocurrency as believed by most crypto enthusiasts is dependent on the approval of the ETFs.
Against the dwindling value of cryptocurrencies, a cryptocurrency has stood out in the bearish market. The attention of the community has since moved away from this crypto coin, only to be prompted by a Reddit user.
Amidst price falls, Nano has risen from $0.81 on the 14th of August to an astounding $2.49, a 207.4% increase from its $0.81 price.
The drastic increase in price could only be attributed to the newly launched LocalNano platform. The live platform offers a peer-to-peer exchange of Nano cryptocurrency. Calling the attention of the community to this achievement, a Reddit user that posted that,
“It looks like localnano.com is live!
It is a service comparable to localbitcoins that allows an individual to trade nano on a P2P exchange. After looking through their documents, it seems that they do NOT plan on charging any trading fees. They plan to derive their profits from featured/promoted listings. Also, they want to incorporate in Malta.”
However as revealed by Reddit users there is a controversy or confusion on the Nano platform, as two domains were found associated with Nano. One being localnano.com and other localnanos.com. The former was noticed to be without SSL Certificate which makes it insecure.
The LocalNano Platform
As described by the platform, “LocalNano is a marketplace where you can find people to trade Nano with, these could be individuals like you on the other end of the market, or established businesses and brokers. Choose the terms of trade independently and buy or sell Nano directly from the seller or buyer. Over-the-counter trading is simple, instantaneous, secure and private.”