What is Nebulas (NAS)?
NAS is the native token of Nebulas, which is a decentralized platform that offers a search framework for all blockchains. Furthermore, Nebulas provides customers with an innovative way to market themselves on the blockchain. By using this method, the platform can monitor and analyze on-chain data. If you care to see the live NAS price, make sure to check out the Nebulas price chart above.
Nebulas intend to create an ecosystem of decentralized applications (dApps) and provide a positive feedback system that is developer-friendly. By providing a standard of value for blockchain data, Nebulas also aims to increase the blockchain's value. In order to accomplish this, it uses Nebulas Rank (NR), which is the platform's ranking algorithm that plays a significant role in the ecosystem. A vital component of the algorithm is the interaction between users, the liquidity of the assets, and the propagation of the assets between users. Another important part of the platform is the Developer Incentive Protocol (DIP) dedicated to dApp and smart contract developers.
In addition, the Nebulas crypto project adopts the Proof-of-Devotion (PoD) consensus algorithm. For the Nebulas ecosystem, PoD serves as a consensus and governance algorithm. Through this platform, every platform user is able to receive a measurable value based on the size of their contribution to the Nebulas ecosystem. In addition to block rewards, influential users will also receive transaction fees.
Use Cases of NAS Tokens
For starters, NAS tokens are used to cover transaction fees. Moreover, NAS can be utilized to pay for computing services. Besides that, the tokens are used to reward high NR values through DIP to developers for deploying smart contracts and dApps.
Who Founded Nebulas?
The Nebulas crypto project was founded by Hitter Xu, Robin Zhong, and Aero Wang in 2017.
Hitter Xu has a degree in computer science. In the past, he worked at Google and Microsoft. Besides, he also founded such companies as Netarget Info, NEO blockchain, GemPay, and Ant Financial.
Robin Zhong has a degree in science and technology. Prior to founding Nebulas, he worked at such companies as Trend Micro, BestPlus, XMind, MoboTap, and Ant Financial. In addition to that, he co-founded ABC Finetech.
There's not much information about Aero Wang online.
Tokenomics of Nebulas
There's no max supply set for Nebulas crypto assets. However, in terms of the initial supply distribution, 30% of NAS tokens were sold during the pre-sale round and 5% during the founding seed round (in June 2017). Moreover, the developer team and founders got 20% of NAS, while the remaining tokens are used for ecosystem development and operations.
Don't forget to check the Nebulas price chart above. It features the main changes in the NAS price.
