Hyperscale Data (GPUS) announced that its indirectly owned subsidiary BitNile.com, officially launched the Nile Coin on the Solana Blockchain on May 3. Bitnile.com, a U.S.-based social gaming platform, minted 500B Nile Coin and the current market capitalization as of May 8 is approximately $164.5M, based upon a recent price of $0.000329 on Solana-based decentralized exchanges, supported by its primary liquidity pool on Raydium. BitNile.com initially provided 100M Nile Coin and 11 SOL to the liquidity pool, from which Bitnile.com has sold approximately 76.6M Nile Coin of the total amount minted to date; the remaining approximately 23.4M NILE and 47 SOL in the pool are still represented by the company’s liquidity pool tokens.
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