nCash ensures that the shopkeeper knows what you like as soon as you enter and can help you find the right outfit. How nice when he comes up with that one scarf you’ve been looking for for months! Nucleus Vision wants to make it possible to collect more information from the customer so that the retailer can help his visitors in a more targeted way. How they do this can be found in this explanation about the crypto nCash.

Read quickly

• Explanation nCash
• What is the market potential?
• The nCash token
• The team
• The partners
• The investors
• How do I buy nCash?

What is NCash?

nCash, Nucleus Vision in full, was founded in 2014 within the four walls of Harvard University in Cambridge. Nucleus Vision has the vision to connect the whole world with IoT devices. This is a very ambitious goal and that is why we first have to think smaller. For this reason, they first focus on the retail market such as clothing stores and supermarkets, but also online shops such as bol.com.
For this market they want to help retailers gain more insight into consumer behavior and they want to attach a nice reward system to this. The rewards will be paid out in nCash tokens. The process goes as follows:

Step 1:
The consumer walks into the store and receives a reward for visiting the store.

Step 2:
When the consumer buys a product, he receives a loyalty reward, as is already the case in many clothing stores.

Step 3:
When buying this product, he will be asked to provide his purchase details to the retailer. In this way, the seller gains insight into the interests of the customer and can take this into account during the next visit. The customer can choose whether or not to leave the information. If he agrees, he will also receive a reward in the form of nCash.

Step 4:
In this way, the consumer can leave data with several stores. For example, the media market may be interested in the purchasing behavior of the same customer at the electronics retailer BCC. The BCC can then pass the data on to the Mediamarkt and it will receive nCash tokens for this. This can only be done if the customer gives permission for this. The customer also earns nCash for this permission.

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The tokens are credited to the consumer’s Ncash wallet and they can spend them in a shop connected to the Nucleus Vision network.

The processes and data protection are facilitated by blockchain technology and real-time sensor technology. The latter technology allows the customer to be identified when entering the store without using WiFi, Bluetooth, facial recognition or RFID. RFID is the technology we know from the cashier who scans our products.

The upcoming video clearly shows how Nucleus Vision works in practice:

The technology is already being used by ten stores in India. nCash uses the data from these customers to further develop their network and improve the reward system for consumers. Ultimately, every consumer must have a personalized reward system.

“The full potential of connected devices is only achieved when they are tied to individual identities”
– Gartner Report, The Identity of Things for IoT –

Market potential

When retailers decide to use nCash on a large scale, the potential is enormous. Retail alone has a market value of USD 28 trillion and this concept can also be rolled out to other industries. However, it will be difficult at the start to convince companies to share their company and customer data via a network. Each country also has its own rules with regard to privacy legislation and they can encounter a lot of legal resistance.

All in all, it is a nice modernization of the offline stores and can give a huge boost to many industries.

The nCash token

Half of the 10 billion tokens are still in the hands of the team. The remainder is distributed as follows:

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• In the end, there was no ICO because the limit was already reached during the presale.
• The token is mainly used in the network for the reward system.
• There is no mechanism that ensures that the price remains stable. It is therefore possible that the currency will be and remain very volatile. This can cause problems when a reward is worth something at first and then no longer yields anything. They could have thought about two tokens, just like what Sia is doing, where at least one token has a stable price.

The team

The current team consists of 40 men and they are based in both San Francisco and India. They are experienced in the world of retail, IoT, Blockchain and RFID technologies.

Some notable team members are:

Abhishek Pitti – CEO & Founder
– Harvard Business School dropout- Engineer at Gulfstream- Management consultant at Blackstone- Founder of LorvenSoft Tech

Martin Dudley – Co-founder & Chief Marketing Officer
– Sales and marketing professional with over 30 years of experience- Director of Sales & Marketing at Levi Strauss & Co- Consultant at Progreso Financiero

Avinash Pitti – Chief Technical Officer
– Master’s degree in Computer Science – Fourteen years of experience with SAP, machine learning, artificial intelligence, IoT and blockchain implementations

Brooks Atwood – Chief Design Officer
– Is a television celebrity. He was the host of the famous TV show ‘Trashformers’.

Bryan Lemster – Lead Blockchain Developer
– Eight years of experience executing new technologies, creating social networks and building major retail websites.

The rest of the team members are listed on the nCash team page.

The team is working day in and day out to make the following roadmap a reality:

IMG

You can find a detailed roadmap here

Partners

They work with a number of major partners including Vodafone, Idea, Intel, Reliance Communications, Radisys.
To become successful it is important to have significant partners. It is therefore good to see that they have been in contact with these major parties from the start. In addition to these partners, they also indicate that they work with the retail companies GAP and Tommy Hilfiger. This has not yet been confirmed anywhere, so that remains to be seen. These kinds of names can create a lot of hype in the world of crypto. It must be said that there is already a good atmosphere around nCash anyway. This is reflected in the number of followers on social media:

Advisors

Investors

Tim Draper, Reliance Capital and a few other investors invested money in nCash in the early stages. It’s good to get an injection of real money as it puts pressure on the team to perform.
Tim Draper is known for his investment insight. He was one of the early investors in the companies Skype, Baidu, Tesla, Overture, Theranos, Parametric, Hotmail and Twitch.tv.

Do you also want to be one of the investors of Nucleus Vision? Then follow the steps below to purchase your nCash tokens.

How do I buy Nucleus Vision?

Buying Nucleus Vision on Binance is a piece of cake. With this explanation you will be the proud owner of NCASH in just a few steps.

1. Sign up for free at Binance here
2. Login to your account
   Please note: keep your username and password safe!
3. Press Buy Crypto at the top left and choose Bank Deposit
4. Fiat tab instead of Crypto and check that it ‘s on Euro
5. Choose iDEAL if you want the money directly on your account and Bank Transfer (SEPA) if you also like it if it takes a few days before the money is on your account
6. Wait until your euros have been deposited into the Binance account
7. Click on Trading at the top and select Classic
8. You are now on the trading section of Binance. Click on FIAT on the right and select EUR
9. A number of coins can be traded on Binance for euros. But, most of them are traded against Bitcoin. Look up the trading pair BTC/EUR and buy Bitcoin with your euros.
10. BTC tab and look up Nucleus Vision using its ticker NCASH
11. You will now find the BTC/NCASH trading pair . By clicking on it, you can buy Nucleus Vision
12. Congratulations! You are in possession of your favorite cryptocurrency!