Hi everyone this is Hitters I'm
founder of Nebulas and this time it's
my first time to have ama with you guys
and hopefully we may have a regular ama
by weekly or monthly to you know promote
nebulas and to share more information
and updates with you guys
The primary goal of NAT is to serve the community as a governance token for the Nebulas ecosystem and in the future
it will be further integrated with our community collaboration platform Go Nebulas.
It is also our attempt at pursuing the creation of the Autonomous Metanet
which is in line with our vision of creating a system where everyone
can benefit fairly from decentralized collaboration.
The primary goal of NAX is to establish an effective Token Economy mechanism within Nebulas
while serving economic development and enhancing community cooperation within Nebulas.
NAX will also be integrated onto the nextDAO platform
to establish an effective token economy which will aid in the incubation of new projects on Nebulas.
For example, projects incubated on nextDAO require destroy some NAX via a NAS pledge.
For future ecosystem collaborations like listing a NRC20 coin in nas nano wallet,
we may require some NAS for pledging and NAX for burning also.
We plan to have many more token economy projects via NAX and nextDAO
which will ultimately help Nebulas to produce an effective business model based on its public chain,
infrastructure and ecosystem tools that can be used by other projects such as our new dStaking component.
From this perspective, NAT and NAX are active attempts at community governance and a token economy, respectively.
We will continue to advance their development which will ultimately benefit all NAS token holders.
At the same time, they are also active attempts and demonstrations of the smart asset standards we advocate.
The success of a public chain ultimately comes from the acceptance of the proposed standards
such as Ethereum's smart contracts as well as its ERC20 token model.
Nebulas will work in the direction of creating its own standard for the global blockchain ecosystem.
It is true that the public chain did not directly create any revenue. It is what we learnt in 2017 and 2018.
However, this doesn’t help on what we are doing right now.
We added the second half to this saying this year
the public chain also requires creating business models. In this way, the saying is much make sense.
We feel Nebulas needs a business model for multiple purposes.
The first is the need for effective feedback from its participants.
If the technology and development of the public chain is not used by anyone,
it will lead to a very difficult
situation
We hope that Nebulas' core technology and product will be used in real case,
not just attract users by providing incentives only.
By a business model existing on the platform, participants have the opportunity to create a business on the public chain
and also have an income to establish an effective token economy.
Only a public chain that is really used by people will have the opportunity to grow and develop.
We will also develop tools and methods for the underlying infrastructure of the public chain through effective feedback.
We hope the final creation can be accepted by the entire blockchain industry as a standard.
At this time, we believe that a new standard to pursue is the creation of Smart Assets
which follow the evolution of Ethereum's smart contract standards.
This new standard will focus on three points:
1.Decentralized asset governance, such as dStake.
2. Clear token economy behavior.
For example, a token can be effectively circulated and managed via its economy and has a clear path to future generation.
3. Clear user participation in the economic game scenario such as Bitcoin mining.
With Bitcoin mining, the miner has the ability to participate in the construction and governance of the entire project
while also having a feasible exit mechanism.
In the blockchain world, only constantly evolution can establish a continuous and dynamic system.
It is important to note that Nebulas does not issue a coin for each function.
NAT and NAX are something we thought about in depth and you can review the response from the first question.
Technology and functionality is never the whole of the blockchain world. I have said before that the nature of blockchain is related to data ownership.
Of course, it cannot be separated from the properties of assets which is the essence of a fair
and effective economic game scenario.
That's why we're pushing the new smart asset paradigm right now.
A certain degree of complexity in the design is necessary
which is not conflict with the simple and good user experience for users.
By creating better products and user experiences, we can still attract new users.
Our current product and engineering teams are working to make our products and platforms "simple"
so that users are able to easily understand and join the Nebulas world.
we believe that good products will speak
for themselves
NAX is our first step into a new platform.
We will continue to improve and enhance the infrastructure of NAX, nextDAO and Nebulas.
The issues we face is due to the fact that we are not yet strong enough.
This means that we still have a lot of room for learning and growth.
I have 7 years of industry experience, and I firmly believe that the current path of Nebulas is the right and productive one.
If we follow the right path,
the industry and the market will naturally discover Nebulas’s value and the price will be appreciated.
The most certain thing in blockchain is that it is full of uncertainty.
A real breakthrough can only be achieved only by continuous efforts and exploration.
Our goal is never changed -- leading the industry and become the top 10!
Thank you guys and see you next time !
Hhope you guys all have a great weekend thank you
