Now, BitNile.com — a subsidiary of Hyperscale Data — has created its own cryptocurrency, Nile Coin, on the Solana blockchain. Trading began on May 3, 2025, with the crypto soon after skyrocketing to a $164.5 million dollar market cap. Nile Coin is now trading at $0.000329 on Solana-based DEXs. Tokenomics The token has a supply cap of 500 billion NILE tokens. Almost 80% of these tokens are locked away in a smart contract.

The launch of Nile Coin represents a new direction for BitNile.com, which is seeking to incorporate cryptocurrency payments into its platform. This decision is a clear acknowledgment of the development explosion surrounding digital currencies and their potential use cases within online ecosystems.

Nile Coin works on the basis of a total supply of half a trillion tokens. A large 99.8% of the entire supply, about 498.9 billion NILE, is locked in a Streamflow-audited smart contract. This contract vests linearly, releasing approximately 0.46 billion NILE per day over a 36 month schedule.

At present, the treasury wallet contains more than 3.2 billion Nile Coins. At launch, BitNile.com provided 100 million Nile Coins and 11 SOL to the liquidity pool on Raydium. According to the most recent reporting, BitNile.com has successfully sold around 76.6 million Nile Coins so far.

"We are very pleased with the initial launch of the Nile Coin and are excited to integrate the Nile Coin into our social gaming platform," - Joe Spaziano, Chief Executive Officer of Bitnile.com.

As proposed, the actual acceptance of Nile Coin as a payment option on BitNile.com’s platform is scheduled to occur in June 2025. By integrating Daydream this helps to expand the platform’s reach and accessibility, and gives users another payment option to drive engagement on the platform.

"By accepting the Nile Coin as a form of payment on Bitnile.com, we hope to provide users with an additional onboarding option and enhance the accessibility of the offerings on the platform." - Joe Spaziano, Chief Executive Officer of Bitnile.com.

The daily distribution of ~0.46bn Nile Coins per day may put sell pressure on the token. The overall huge total supply of 500 billion tokens creates potential for serious future dilution. With its primary utility waiting for integration into the larger BitNile.com platform in June 2025, Nile Coin offers little immediate use.

The company plans to start accepting Nile Coin as a form of payment on or before June 1, 2025. We believe that this step will significantly improve the ease-of-use of our platform, offering users a smooth payment solution that integrates directly into the BitNile.com ecosystem.

The launch, and later integration, of Nile Coin marks the start of BitNile.com’s broader strategy to use the technological innovations of blockchain to bolster its marketplace. By introducing cryptocurrency payments, the company hopes to reach a more diverse audience. This action will position them to compete in the rapidly evolving digital age.

Ultimately, the success of Nile Coin will rely on its adoption rate and utility within the bitnile.com platform. How the company continues to control the token’s supply and value will be important, too.