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The original was posted on /r/nanocurrency by /u/Mindless_Ad_9792 on 2025-03-21 17:03:27+00:00.
hey! another day another subnano article : )
i am leaving this one paywalled however because i kinda wanna gauge what the demand is for subnano articles currently? i guess i also need some extra money 'cause i am a college student obsessed with crypto (bad combo lmao)
edit: after some thinking, im also going to add the free version to my articles. i believe there can be a solution with some kind of subnano tag/flair on the subreddit but thats asking for too much lol. actually good formatting and images are still exclusive to the subnano article though. anyways!
"I recently found another cryptocurrency that seems to be excelling at what β in theory β Nano is best suited for. As another crypto races towards adoption, should we be taking notes?"
Nano is a currency that's best at two things β being feeless, and being instant. I discussed in my last article how just being those two things alone is actually not enough for wide adoption; and that adoption is dependent on ease of use coupled with a wide ecosystem of services that leverage its global nature.
Understanding this concept is what will be the foundation for future Nano adoption and projects going forward. Rather than hoping for Nano to be picked up by some venture capital firm or wishing for Brian Armstrong to finally change his mind on Nano; we should instead build organic growth on Nano that focus on its global accessibility.
Basically β if it is not accessible, people will not use it.
These foundations have served Nano well for its adoption campaigns in countries such as Nigeria, where its feeless nature is enticing for merchants and users who want a global alternative to their local currency β and also other, more expensive-to-use cryptocurrencies.
But we aren't the only community trying to minimize fees and transaction time.
(In fact, I think every cryptocurrency is trying to do that nowadays...)
While trying to brainstorm a roadmap for general Nano adoption going forward; another cryptocurrency caught my eye. Celo.
Thou blasphemer! What is this "Celo" thy speak of?!
WAIT! I'm talking about Celo because I want us to take lessons from their successful adoption gameplan. By analyzing what they're doing β and how they're winning the crypto adoption race β we can push Nano adoption further.
Celo is an interesting cryptocurrency; advertising its focus on mobile-friendly clients and being easy-to-use, it quickly became adopted by 5 million users across "the Global South". Despite it still being relatively unknown, their drive for adoption happened quickly and decisively.
This rapid adoption was definitely helped by big players using the blockchain early-on (such as Opera with its Minipay wallet), but despite that; it was also helped by Celo's vision.
- An accessible platform. Celo integrated phone numbers to be easily understood by the masses, while also providing an easy platform to build on for developers.Not only this, they have significant use of stablecoins; which are more trusted in the eyes of an end-user.
- Fast and cheap transactions. Transactions in Celo only take 1 second to reach finality and gas fees costs a fraction-of-a-fraction-of a cent.
- Ease of use. Celo users don't need to use a native token to pay for gas fees; enabling easy and practical usage of its applications. Integrated phone numbers also make it so users are able to make use of an already international standard to send and receive cryptocurrency easily.
Hearing all of this, you might be inclined to say;
Hey wait, can't Nano do all of this, but better?
And you wouldn't be wrong! We can do all of this better! In a faster, cheaper, and more decentralized manner. There are some challenges we need to face, however.
- We need to deal with stablecoins. Sadly, since Nano doesn't have tokenization (probably ever); we need to prove that using Nano is better than using stablecoins. "Nano is non-inflationary" is not enough, since believe it or not β normal people still have trust in their traditional financial institutions. We need to have an actual incentive for someone to hold a stake in Nano and use it. A good example of this in action is Nano-GPT's discount for Nano deposits. Speaking of Nano-GPT, they're currently giving away 0.1 XNO for every new user! (which by the way is fully withdrawable, so you can literally just get 10 cents for free!)
- We need new projects with new features. The Nano community was β to be frank β kinda like a ghost town back during the 2021-2024 bear market. This caused Nano projects to be abandoned over time.This happened to Natrium; Nano's largest wallet, which is still stuck in v26.1 despite holding 8.5% of all Nano in existence. A lot of other services have also been abandoned/are outdated; including nanolinks.info (turned into a gambling site?) and even the official hub for Nano services. Before we move forward with adoption, we need to clean up these old projects and develop new ones in order to bring a fresh new feel to Nano, to reflect its continued development that will culminate when Nano finally reaches commercial-grade.
- We need applications that prioritize accessibility and ease of use. Despite being relatively easier to use compared to other cryptocurrencies, Nano is still a cryptocurrency. We need to remove the barrier to adoption by integrating systems that people already use. In the case of Celo, they removed that barrier by marketing themselves as a sorta 'global e-wallet' and integrating phone numbers. In that way, people feel comfortable using Celo since its an extension of what they already use. Nano can do this too. We can develop wallets that are mobile-friendly; and by designing our applications to be accessible and recognizable; Nano services can serve as direct competitors to other services (Nano-GPT vs. ChatGPT, NanShop vs. CoinGate, etc). Through these easy-to-use applications, adoption will grow and evolve organically. (In fact, I'm working on a wallet right now ;) So keep on the lookout for that!)
- Offramps and Onramps. Look, they're not exactly... Ideal, currently. Getting Nano is very hard in some regions, such as in New York State where invasive crypto regulations get in the way of adoption (I've unfortunately had to deal with this...). But I think this can also be solved. To bring up another cryptocurrency β Monero didn't get in the top 30 by being listed in exchanges, so we need to learn from them too. Online marketplaces like moneromarket and decentralized exchanges like RetoSwap serve as ways to earn, spend, trade, and exchange for Monero. Nano's volume will grow naturally as our community continues to develop these kinds of services.
So... what is this article about again?
I mean β I basically just laid out the game plan for Nano adoption going forward! A focus on accessibility, ease-of-use, community-based services, and global reach will only serve us well into the next few years. And by following these principles, I predict that Nano will also experience growth as exponential as Celo did.
For now, keep developing those services β and of course, keep stacking Nano π₯¦β€οΈ.
