Hangzhou Roadshow Recap and The Second Phase of The $10 Million USD Buy-Back Program Begins Nebulas Follow Jun 16, 2019 · 3 min read

On June 15th, the first Hangzhou Roadshow was successfully held by Nebulas on the topic of “Chain Governance and Co-Construction of Ecosystems.” During this event, BEPAL CTO, Plume stated that BEPAL will cooperate with Nebulas in the development and deployment of blockchain nodes. The founder of Atlas Protocol (ATP), Duran Liu said that they will be exploring more business scenarios for on-chain interactions.

During the event, FBG Capital founder, Zhou Shuoji joined the dialogue about “Where will the next bull run asset be derived from?” Nebulas founder Hitters Xu shared his opinion on this topic: “During the past few years, dividends came from ERC-20 tokens which can be created and minted. The next wave of dividends will come from assets that focus on the paradigm shift within the ecosystem. This paradigm shift will come from the change of issuance of token to token governance. When a token economy can operate on it’s own via own consensus, the true paradigm shift will occur. This is the marriage of Tokenization + Governance. Nebulas is actively exploring these ideas and we have created breakthroughs in this field including the layout of a new asset class called “Smart Assets”; a community based governance and financial asset.”

Attending the event were two community members Ravin and Xu Minjian who are participating in the first Nebulas Council campaign. They shared their views on community governance and the importance for the campaign. At present, all Nebulas community members can sign up for the first Nebulas Council election and campaigning has already begun. All are welcome to participate and register for the election at: https://docs.google.com/forms/d/e/1FAIpQLScC8EoGUNRAJOjhoyIg0TYF7PcsGrjKPisHLca0D7_9NlOTgw/viewform

In addition, the Nebulas founding team buy-back program is in full swing. The first phase of this $10 million dollar program during the past week attracted widespread attention from both the community and market. The first phase completed with a repurchase amount of 514,311 NAS; totalling $800,000 USD. In the spirit of openness and transparency, the community is welcome to view the address of repurchased assets: n1F3wjsiuK7FVZRSPNdc1HbijxK2uSG41DW

The second phase of the buy-back will begin today with a repurchase amount of $800,000USD. By the end of the second repurchase phase, 16% of the total $10 million buy-back fund will be used.

The repurchase status and pledging information will be released to the community on a regular basis. Be sure to watch out for new announcements from Nebulas with the latest information.

To Pledge your own NAS, visit: https://pledge.nebulas.io/

Pledged pool contract address: n1obU14f6Cp4Wv7zANVbtmXKNkpKCqQDgDM

We welcome the entire community to participate in the ecosystem development and build the future of Nebulas together!