What is Nebulas?
Nebulas is a blockchain-based platform that hosts a suite of tools that function like Google’s search function. NAS is Nebulas platform’s native utility token.
Nebulas began life as Eagle Nebula on the Ethereum blockchain shortly after it was created in June 2017. In December 2018, Nebulas Nova main net beta was launched and on 2 April 2019, NOVA 1.0 mainnet went live.
Nebulas was founded by Hitters XU who also founded Antshares, which later became NEO. His name is a familiar one in the blockchain technology world.
To mine Nebulas, a hybrid protocol called Developer Incentive Protocol (DIP)/Proof of Devotion (PoD) consensus algorithm.
While the Nebulas team has built a framework that is just like Google’s, its entire focus however is purely on blockchain data search. This is why it is a powerful tool that ensures blockchain and crypto technology much more accessible to developers as well as end-users alike. In fact, it has been ranked sixth on China’s Global Public Chain Assessment.
Where Nebulas goes in the future will be determined by the framework’s usage and what tools can be derived from it. Several protocols have already been put in place which include a cryptocurrency wallet, Nebulas Rank (NR) a system that works similar to Google’s SEO ranking system but dedicated to data on the blockchain, search in DApps, on-chain analytics, Nebulas Blockchain Runtime Environment and more tools.
The Nebulas team is made up of an international team that comprises of 14 core members which include founder and CEO Hitters Xu, who also founded AntShares, also known as NEO. He is one of the pioneers of the blockchain industry, having founded BitsClub (China’s very first Bitcoin/community in China) in 2013 and ICO 365 a popular ICO platform. He is also the founder of FBG capital, a crypto finds firm. In addition, he was the director of Ant Financial’s Blockchain Platform, a financial arm of Alibaba as well as being a former Google employee working with the Search and Anti-Fraud team.
Robin Zhong and Aero Wang are co-founders who bring to Nebulas many years of experience working on the blockchain. Zhong was an original architect of Ant’s Financial’s Blockchain Platform and Founded Tongxinclub, the first blockchain support platform in China.
Wang joined Xu as co-founder of Antshares (NEO). Wang is an influential entrepreneur within the blockchain community.
Duran Liu is Nebulas’ head of engineering. He was with Google and Freewheel as a software engineer and worked at IBM as a software engineer.
Also part of the project are influential members of the business/blockchain communities which are the project’s advisors who are Edith Yeung, Chris McCann, and Evan Cheng. Yeung is a serial investor in tech, a 500 Startups partner and was featured in an article on Inc.com titled “The Silicon Valley Investors you need to know in 2016”.
McCann founded the community at Greylock Partners. He was an early advisor Stanford University’s Thiel Fellowship and a co-founder of Startup Digest.
Finally Cheng who is with Facebook as an engineering director with up to 10 years career in development at Apple. He was awarded the ACM Software System Award for his important contributions to the field of computer science. These are just some highlights from the team at Nebulas.
NAS Token Summary
There are 100,000,000 NAS in total supply with 45,000 already in circulation as of March 28, 2019.
NAS cannot be mined but it instead is earned using the developer Incentive Protocol. With Developer Incentive Protocol (DIP), NAS is earned when developers deploy smart contracts on Nebulas NOVA.
On December 16, 2017, Nebulas held an ICO public token sale where it raised $60,000,000 worth of Ether. At the time, NAS was an ERC-20 token with only 30% of the total coin supply sold during the ICO.
From the remaining supply, NAS was distributed as follows
- 5% held by Nebulas Foundation
- 35% held for the community
- 20% distributed to the founding team from June 23, 2019.
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Where To Buy and Store Nebulas (NAS)
Nebulas is available on popular exchanges like Huobi, OKEx, Gate.io and EtherDelta. Other platforms like Coinbase and Bitstamp offer NAS and is purchasable using credit card. As an ERC20 token, Nebulas can be stored on Ethereum wallets such as Coinomi, MyEtherWallet, and MetaMask.
Unique / Key Features against its competitors:
- Nebulas has been ranked as one of the best blockchain projects by Global Public Chain Evaluation through CCID research.
- Nebulas’ current generation known as “Eagle Nebula” is the only blockchain that uses LLVM compiler, which is able to complete 2000 transactions per second and is built on a stable and secure infrastructure.
- Nebulas seeks to increase the value of the project by locking NAS via special staking methods.
- Nebulas uses NR, DIP and POD to incentivize users and developers to use their positive feedback ecosystem.