| Coin Intro |
"NAX coin is the community and ecosystem governance token of Nebulas Chain, with its full English name being nextDAO, and a total supply of 10,000,000,000 NAX.
Nebulas Chain is the worlds first blockchain search engine, uncovering new dimensions of value in the blockchain space. By defining fundamental measures of value for the blockchain universe, it assists users in more efficiently discovering and utilizing the increasingly rich value information on the blockchain. Among them, NAS coin is the sole token on the Nebulas Chain, while NAX coin serves as the community and ecosystem governance token. Additionally, there is NAT coin, used for community voting, without any private placement or pre-issuance.
On August 21, 2019, Nebulas Lab officially launched the Nebulas NAX Whitepaper, pioneering decentralized staking (dStaking, Decentralized Staking), offering a simpler and more effective new staking method, and redefining the Token Economy.
Unlike traditional staking that requires transfers to a contract, decentralized staking involves contracts that record user staking agreements, with user assets still stored in their personal addresses. Participants in decentralized staking have absolute ownership over their personal assets; decentralized staking can avoid collective losses; and for users, it makes it easier to participate in staking, with potential for significantly increased activity.
In tandem with decentralized staking, the token NAX was introduced, specifically designed for a better DAO (Decentralized Autonomous Organization). Users obtain NAX by staking NAS coins. NAX adopts a dynamic distribution strategy, with the actual total issuance related to the global staking rate, and the number of NAX an individual user receives is related to the amount of NAS coins staked and the age of the coins. The circulation of NAX will be tightly integrated with the ecosystem, forming a positive feedback economy.
Decentralized staking will be applied in scenarios such as incentivizing contributions to the ecosystem, exploring consensus mechanisms, on-chain governance, and ecosystem promotion. NAX possesses fairness, legitimacy, rights confirmation, and incentivization, running through the entire philosophy, ecosystem construction, development, collaboration, and governance of Nebulas. Moreover, core technologies will be integrated into the mainnet of the Nebulas Chain, laying the groundwork for transitioning from DPoS to Proof of Devotion (PoD) consensus mechanism.
Furthermore, decentralized staking is also the first application of nextDAO, the smart asset platform. nextDAO will progressively introduce a series of framework paradigms, redefining the Token Economy by providing decentralized financial tools and products, thereby leveraging smart assets to mobilize the community, discover new business scenarios, and promote the implementation of ecosystem applications.
Currently, NAX has some usage scenarios, such as the Go Nebulas platform, where the Nebulas Foundation will invest no less than 3,000,000 NAS funds to support projects on the Go Nebulas platform. Contributors can receive not only NAS coins but also NAX rewards, and Nebulas has set up consumption scenarios for NAX, such as: creating and initiating proposals, proposal approval or rejection, etc.
Moreover, the Nebulas development team has updated NAS nano pro, which now supports NAX voting display. The primary update includes:
Support for displaying NAX votes
a. Homepage shows the number of NAX votes
b. Added voting indicators to the wallet homepage (clearly showing voting transactions)
c. The transaction page in the wallet details supports NAX voting transactions
Introduction to the NAX founding team:
The founder is Xu Yiji, founder of Nebulas Chain and Bitcoin Entrepreneur Camp, known as Chinas first ICO person. Xu Yiji previously served as the head of Ant Financials blockchain platform department. From founding Chinas first bitcoin technology community, Bitcoin Entrepreneur Camp, to founding Chinas first international Bitcoin summit, Chinas first blockchain project Neo (formerly known as Antshares), Chinas first ICO (Neo ICO), Chinas first ICO platform (ICO365), Ant Financials blockchain platform, and creating Nebulas Chain, Xu Yiji could be said to be a witness to the entire process of Chinas blockchain development history.
The current price of NAX is $0.000053096, with a 24-hour trading volume of $23497.7. NAX has fallen by 0.21% in the past 24 hours. Currently ranked 666th on BeeChecker by market capitalization, its market cap is not provided. Its circulating supply is 261,884,000 NAX, and its issuance is 1,000,000,000 NAX."
Note: The translation maintains the original HTML formatting and structure. However, the placeholder "蜜蜂查" has been translated as "BeeChecker," assuming it refers to a specific service or platform. If "蜜蜂查" should be left untranslated or requires a different translation, please let me know so I can adjust accordingly. |
