NOIA NETWORK AMA Recap
CryptoDiffer team
Can you introduce yourself to the community? What is your background and how did you come to the idea to create your project?
Domas
CEO
My name is Domas and I’m the CEO and co-founder of NOIA Network. I have a financial background as well as experience in founding and building other startups as an entrepreneur. Together with me is Jonas – who’s the CTO of NOIA. Jonas spent several years at Royal Bank of Scotland and JP Morgan as a trading applications developer before co-founding NOIA.
Having built other startups, we often encountered a lot of problems with the Internet and particularly content delivery so at first NOIA was born to solve these issues. However, later we discovered that there are other major core issues that are not being addressed, and Content Delivery was just one part out of many. We dug deep into the core layers of Internet infrastructure and that’s how the Programmable Internet was born.
CryptoDiffer team
Can you briefly describe what is NOIA Network in 3-5 sentences?
Domas
CEO
NOIA is enabling transition from the current Internet architecture to the next generation of Internet powered by Blockchain. We call it the Programmable Internet.
We’re combining the latest Internet protocol innovations and Blockchain technology to resolve core Internet design limitations and security problems. It is done by providing a platform to open up the infrastructure by sharing, selling, buying, trading internet bandwidth on the Decentralized Internet Transit Exchange (or DITEX).
Essentially, we’re connecting different networks on the Internet into one unified and programmable network.
CryptoDiffer team
What technology stands behind NOIA Network and why it’s better than the existing one?
Jonas
CTO
We use the most recent version of the Internet Protocol (IPv6) and Segment Routing to standardize the infrastructure (making routers understand the same language) and to combine different networks into one programmable network governed by blockchain.
IPv6 expands the data packet design to carry more information in the packet header.
Segment Routing is a protocol which makes routers understand routing information in packet headers and act upon it.
It changes the way Internet can be routed by putting the information in the data packets themselves, which in turn makes the data itself smart which allows for Smart Routing on the public internet.
CryptoDiffer team
And what about the the token utility in the ecosystem? Where it will be used and why the demand for the token should increase?
Domas
CEO
We heavily focused on creating an effective token value economy where network usage and adoption is heavily incentivised (please go read the Tokenomics paper we just released).
At the centre of this is NOIA token, which is a native Digital currency in the Programmable Internet. It powers the ledger and is used as a transaction fee or medium of internet traffic exchange.
Token holders receive rewards for participating in the new internet network as well as use the tokens to improve their internet connection.
Enterprises use the token to set up and sell internet infrastructure using DITEX.
All transactions are settled on the ledger which is powered by our token and has transaction fees.
Usage of the token will increase as more people join the network therefore improving it and invites even more people creating a network effect.
CryptoDiffer team
Could you tell us about NOIA Cache? You have 5129 NOIA nodes, who host them and what are the benefits?
Domas
CEO
We have an active community that we’ve been growing for the past 1.5 years. It is mainly our community members that run NOIA nodes on their personal computers, virtual machines, raspberries, etc.
At this moment it’s being incentivized by 200 NOIA tokens per week for everyone that runs the node.
We use your node to distribute the content, and also analyze the network itself – we test the connections, ping, latency, throughput, etc.
CryptoDiffer team
Let the community ask questions now!🔥
Cryptodiffer Community
NOIA has planned to go to binance, okex, huobi ..?
Domas
CEO
We have an exchange listing strategy in place. I can’t disclose any details at the moment though. The only thing that is public and confirmed is KuCoin on the 22nd July. This will be the initial listing of NOIA
Cryptodiffer Community
Internet is a huge field, it has many chances but its also full of challenges. Which dificulities and chance did your team experience when started this project?
Domas
CEO
The main challenge is the complexity of it all. Navigating through it definitely is challenging. We’re lucky to have a strong tech team in place and people like Bill Norton and others joining our team to tackle these obstacles.
Cryptodiffer Community
When I use your product, how safe is my hardware? and what measures are in place to avoid the NOIA Network being used to host/spread malware?
Domantas
COO
Hi, it’s Jonas here. Your hardware runs open source application so everyone can find issues faster and run trusted software. For NOIA Cache all traffic is encrypted and distributed in pieces so malware content is ineffective on your machine, in sharing bandwidth data will be shared by packet, making your pc a router so there is no direct way of spreading malware using NOIA Network
Cryptodiffer Community
What problem are Noia solving and why is blockchain the right way to do that?
What is going to be the strategy for mass adoption and getting people to start sharing their bandwidth with the NOIA network?
Domantas
COO
NOIA is solving core internet fragmentation problems and its protocol design limitations. In effect, internet is very distributed and there is no way to put any smart logic on top if there is no central place for the state of the internet, like a database. Distributed Ledger allows ot have a decentralised database and exchange so public internet can be connected in smart way and ledger can be used to store and ant on participating router topology. for mass adoption we will release an application which makes your internet faster and peopel can earn tokens participating in the network, and then entering enterprise market when there are enough internet route segments on DITEX available
Cryptodiffer Community
Your initial circulation supply is extremely low (1.41%), why would you decide to go with that?
Domas
CEO
We took a different approach compared to most other crypto projects. We’re very cautious and calculated when it comes to token allocation and the launch strategy itself. All our investors’ tokens are locked as well as the advisors and the team. We didn’t have a big public sale, therefore you have the 1.4% – we’re trying to do it our own way 😉
Cryptodiffer Community
When you look back to the day you guys started developing Noia Network are you satisfied with the progress you guys have made?
Who are Noia biggest competition in crypto and what makes Noia Network unique?
Domas
CEO
Yes, we’re satisfied. It’s been a long way already, it will be even longer going forward, but we’re happy where we are.
We attracted multiple industry experts to either join the team full time or advise us on a strategic level, so we have quite some proof already that we’re doing something right 🙂
Cryptodiffer Community
Do you get a support of any kind by non-blockchain tech companies?
Domas
CEO
We mostly cooperate with non blockchain companies, and they are usually Internet Service Providers, Data centers, Internet transit exchanges, etc. Since we are creating a very innovative solution, lots of these companies are interested in helping us, offering various support, etc. We are talking to Cisco (company that is basically the main preacher and developer of Segment Routing)
Cryptodiffer Community
How does NOIA resolve daily BGP attacks on the Internet and fix security holes?
Domantas
COO
BGP hijacks happen on weakest parts of public internet, by building networks via DITEX you lower the field of attack to the first and last mile of the user, and controlling the route to the destination lowers the field of a BGP attack significantly
Cryptodiffer Community
As i know that NOIA continues to have cooperative relationship with many blockchain projects, especially NOIA is also included in the start-up list which is supported by Microsoft Corporation. What benefit does this bring to NOIA?
Domas
CEO
We were accepted to Microsoft Startup program. Microsoft’s innitiative here is to provide startups they deem as valuable (such as NOIA) connections, advise, and free services in order to help them move forward quicker – they accelerate them in a way.
Cryptodiffer Community
DITEX Platform that you are developing will be a place to sell Internet access points as per your whitepaper. Will the exchange use NOIA tokens for this? Also can you explain how segment routing will be used on DITEX? Also what benefit do a service provider get when he buys access points through DITEX?
Domantas
COO
Correct, NOIA tokens will be used for facilitating the transactions in the DITEX, and stable coin payments will be available for the transfer of value of the contract. DITEX will store all available segments in the network which are available for public to be used through the app or anyone on DITEX. service provider gets access to a marketplace where infrastructure can be bought from many vendors on many different backbones of the internet and construct their own network and paths via a smart way
Cryptodiffer Community
What should we expect from your marketing team after the listing on KuCoin?
Domas
CEO
We have many things planned for the near future. KuCoin listing is just the start. We’ve been focusing on the technologhy for the past year and a half and now we’re coming out to the public 🙂 We’ll do some live events in different countries, appear on stage in crypto conferences, etc.
We’re hoping to make NOIA well known to all the crypto community out there.
Cryptodiffer Community
How can I participate in Noia Foundational Members Program?
Domas
CEO
You can do that by getting enough NOIA tokens to your wallet or on KuCoin. Since we dont have a public sale, not many people were able to buy in, so we wanted to provide a chance for them to acquire more tokens than they would usually, therefore we introduced this program. You can read more about it on NOIA Medium or ask our Community managers on our chat room
Cryptodiffer Community
How are you going to capitalize Noia’s Technology, and how do you implement it?
Can you explain how value of the token is tied to the value of the Noia Network. Basically what is the incentive for a tokenholder to hold the tokens?
Domantas
COO
NOIA is working with partners like Microsoft and Cisco on the segment routing technology side. our software is already capable of building a backbone from different vendors and use smart routing to send traffic using segment routing. once DITEX and our ledger is launched token holders will be eligible to be a masternode or earn tokenholder staking rewards, as well as use the tokens to participate in better internet network. Details are explained in our latest tokenomics paper!
Cryptodiffer Community
NOIA acts like a bridge between a website and it’s users making the Website easily accessible. So NOIA needs permission from that particular Website creator initially to cache their content. How do you plan to partner up with these websites? Especially as there are billions of Website presently and even if you are aiming for 1% of it, that’s still a lot.
Domantas
COO
This applies for NOIA Cache only, and website owners need to install our SDK. then content which is accessed will automatically be cached using our smart caching algorithms. Programmable Internet will work by changing how internet is being routed for network participants and will work for all internet content independently.
Cryptodiffer TEAM
It was a pleasure to conduct an AMA with such a cool project like NOIA. Thank you for your time!
@jaskunas, @dominicm2, @sijonas , thanks a lot!
