What makes Nebulas special?

Nebulas (NAS) is one of the most talked about Cryptocurrencies among the veterans of the blockchain industry. This project aims to build its own blockchain thereby falling in the category of Blockchain 3.0 technology. Ethereum, NEO, and Cardano are a few well reputed projects in this Blockchain 3.0 class.

Why do we need Nebulas then? Nebulas is aiming to tackle the larger issue which is cross-platform integration of other blockchains and distributed applications (DAPPS). They want to bring cohesion to the cryptocurrency space by creating a search platform, Nebulas Rank (NR), to easily search other blockchains, cryptocurrency addresses, and DAPPS. This framework will then act as a ranking and vetting mechanism. The ranking system will be determined by assessing liquidity, propagation of addresses and contracts, and the interoperability. Think Google and its search results but for the blockchain space. Once the appropriate ranks are designated you can then allow blockchains to improve and upgrade instead of forking just to accomplish the desired purpose of a new use case. This will disincentivize unnecessary forks as doing so will lower your NR. These features will be facilitated by another part of their framework called Nebulas Force (NF).

Nebulas Force will allow for mass adoption among retail consumers and corporation by facilitating interoperability and mass adoption. Imagine 5–10 years down the road when real-estate, banking & finance, healthcare, and entertainment industries want to utilize the blockchain to create smart contracts or DAPPS. The companies within these industries would all be using different blockchains to achieve their purpose. Allowing interoperability among different blockchains could open up a world of possibilities for smart contract and DAPP integration. Picture a world where you sell your home through a smart contract and those funds automatically go into your E-trade account for reinvestment within a matter of seconds. Sky’s the limit once this form of interoperability becomes available. How will all this be possible?

The brightest Developers working together to build Nebulas. Two things will enable developers and the community to grow: Developer Incentive Protocol (DIP) and Masternodes. The DIP is designed to reward developers for Proof Of Work (POW). This means that developers will be paid in NAS tokens to contribute to the Nebulas platform. The Masternodes will incentivize investors to stay invested and not sell since investors will be rewarded in more NAS tokens for keeping their money invested in Nebulas. Think of this as a stock dividend from the equity markets. This will greatly reduce the volatility and market fluctuations for investors. Given the current market conditions, large traders and hedge fund investors are looking for something exactly like this. No one wants 10–15% daily swings.

The fundamentals alone are impressive. Let’s see who is behind Nebulas.

Who is behind Nebulas?

The Nebulas team is second to none when it comes to members with experience in the blockchain and technology space. Starting from the left: Hitters Xu, the Founder of Nebulas was also the Founder of AntShares (now known as NEO). He was also the former director of Alibaba’s financial arm, the AntShares Blockchain Platform. Hitters also has professional experience in Google’s Anti-Fraud team. He is a pioneer of the blockchain community as he also founded BitsClub and also the founder of FBG Capital which was also one of the earliest Crypto funds.

Robin Zhong and Aero Wang are both integral part of the foundation of Nebulas. Robin was the former architect of AntShares’ financial blockchain platform. He was a Senior Developer of Dolphin Browser which is now Nebulas’ partner.

Aero was one of the co-founders of Antshares as well. He is a serial entrepreneur in the Blockchain industry.

The leadership of Nebulas is strong and Hitters Xu at the helm should guide the project in the right direction. The core developers and advisors are just as important as leadership when it comes to the success of companies.

The Developers:

Qi Zhu — Open Source Developer for Nebulas. Also comes from Google background as a Senior Software Engineer. He currently works for Airbnb as an Engineering Manager

Duran Liu — Head of Nebulas Labs. His former professional experience also stems from Google as a Senior Software Engineer, technical lead in machine learning

Yang Li — Core Developer at Nebulas. Yang was the Senior Developer of Dolphin Browser. His background is in Computer Science and Technology

The Advisors:

Edith Yeung — Partner at 500 Startups, Edith is a well-known person in Silicon Valley. She was selected by Inc. Magazine as “investors you must know”. She has invested in over 40 different startups in the field of AI, AR, and machine learning

Chris McCann — One of the early mentors & advisors of the Thiel Fellowship

Evan Chen — Currently the engineering director at Facebook. Cheng also bootstrapped the LLVM effort and led its development during his tenure at Apple

With incredible fundamentals Nebulas also has one of the strongest teams around.

Why should you invest in Nebulas?

Hitters Xu has strategically built this project under the radar and not focused heavily on marketing. Nebulas has not hit any main exchanges and is grossly undervalued. Right now, it’s honestly a tedious task to even buy Nebulas. This blockchain 3.0 project will get first-to-market advantage and wide adoption once it launches. The implied enormity and first-to-market for a Blockchain 3.0 project will be more than enough to bring them into the top 25 of the cryptocurrency market. On top of that, once they are added to major exchanges such as Coinbase/Gdax, Binance, Bittrex, Bitfinex etc. this will easily propel them into the ranks of the top 5.

Nebulas is by far one of the most ambitious projects in the cryptocurrency space. Given the strength of the team, scalability, and vision of the project, I have no doubt that this project will be one of the leaders in the cryptocurrency space.

Since its debut NAS is now currently sitting at 3x the ICO price from May 2017.

Noteable partnerships:

FYI* End of Q1 2018 ERC20 token swap — Your NAS (ERC20) tokens will be replaced with the NAS mainnet tokens. The Nebulas team will share more details on this once mainnet launches on March 31, 2018.

Where can I store NAS? -You can store NAS on https://www.myetherwallet.com/ simply by creating a custom token and adding the following information:

Symbol: NAS

Contract address: 0x5d65D971895Edc438f465c17DB6992698a52318D

Decimals: 18

Where to buy NAS: Gate.io, IDEX, Huobi

Sincerely,

Amol Gharte

Head Analyst, Cryptosomniacs, LLC

Our analysts offer 1 on 1 consultations, weekly reports, and analysis throughout the day. Check us out for a trial membership here.

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