What is Nebulas and Should you invest?
Before going into my review of what Nebulas or (NAS) is i would like to discuss with you a few key things that I look for when considering an investment. When searching for an investment that could potentially bring you 10-100x returns you need to do you due diligence and have a strategy in place. With that being said, I will only invest in blockchains or infrastructure projects for the most part because i have noticed through my analysis that they bring the highest returns on average. Not only do they give you the highest average returns, but they get dumped the least as opposed to Dapps. Sure, there are some great Dapps out there that have given investors some seriously impressive returns, but I tend to stay away from them unless it really catches my eye.
Some other key things to look for are:
- Does the project already have a working product?
- Does the project have a great team?
- How big is the community surrounding the project? (Twitter, Telegram, Reddit, etc)
- How much has the project's price increased since its ICO and since it was listed on exchanges?
- And finally, always BTFD! (that's "Buy the F***ing Dips" for those of you who don't know)
Now that we have our strategy in place let's take a closer look at what Nebulas actually is. Below are some key metrics about NAS at the time of writing:
market cap: 370,925,300
circulating supply: 35,500,000
total supply: 100,000,000
Nas, in short, is an open source blockchain 3.0. It is a decentralized search framework for ALL block chains. Think Google Search Engine for block chains, but only bigger and better. Nebulas aims to be for block chains what google was for the internet. This does not mean that you will be able to go onto the nebulas site and search the web in a decentralized way. What this means is that Nebulas utilizes a ranking system that we will go into more detail about below to allow for the search of all blockchain data. However, Nas is not just a search engine. It is also a fully functional blockchain 3.0 aimed for use by developers much like Ethereum.
Nebulas has 3 main features:
- Nebulas Rank
- Nebulas Force
- Developer Incentive Protocol
Nebulas Rank: Value ranking
Nebulas rank is basically the measure of value in the world of blockchains. What does this mean? Well, this means that you will not be logging onto Nebulas to look up definitions or google your favorite celebrities! Sorry to disappoint you, but I think Nebulas is much cooler than that! Nebulas rank is used to measure the importance of various blockchain users, smart contracts, and Dapps (decentralized apps). Why would i want to do this you might ask? Well, you could use this function to find many useful things such as: which blockchain is gaining the most traction, which exchanges (including DEXs) move the most volume, or to show all prediction smart contracts.
Nebulas Force: Self Evolving
With Nebulas force, the blockchain is created with the intent of being self evolving. What does this mean? Well what this means is that it basically intends to firstly not have any of the existing problems and scalability issues that Ethereum is currently having; and secondly, to be able to adapt/evolve to any future unforeseen issues that may occur. Nebulas force allows for the flexibility to make changes, incorporate new technology, and fix bugs without having to hardfork. If you can't see how HUGE these features are, especially with all the problems Ethereum is having right now, then you probably shouldn't even be considering investing in Crypto at this time.
Developer Incentive Protocol: Incentive for Developers
What this means is that basically developers will get rewarded for creating better Dapps. The Dapps will be ranked using Nebulas Rank and higher ranked Dapps will get higher rewards in the form of NAS. With the incentive protocol developers will now be motivated to develop even better Dapps and to choose the Nebulas platform over alternatives on the market.
So why should you invest?
I am not a financial advisor. Invest in NAS at your own risk and not without DYOR. With that being said I think NAS is a great investment and has the potential to even bring 50x-100x times returns just this year! Why?
Well for starters this is a great project that brings a bit of uniqueness to a blockchain platform. At the time of writing this article NAS is only up 5x since its ICO. To put this in perspective for you, two other blockchain platforms that were listed recently are ICON (ICX) and DRAGONCHAIN, both up 70x and 36x respectively since there ICOs. Currently NAS has a market cap of around $370,000,000. If it were to reach the top 10 by market cap next year that would bring the market cap of NAS to right around $7,000,000,000. ($7,000,000/$370,000,000=19) That's a 19x return on your money if NAS is able to reach the $7 billion market cap by years end, a feat that is not at all impossible in this market as we have seen. Furthermore, as far as the team goes, they are top notch A++. The founder and CEO, Hitters Xu was also the founder of Antshares (NEO), former director of Alibaba's financial arm, part of the Google's Search & Anti-Fraud team, and much much more. Seriously, go check out the team on their website if you don't believe me. It doesn't get much better in my opinion. It is also important to point out that NAS hasn't even hit any major exchanges yet and its only a matter of time. The last thing i would like to point out is that the team plans to release its MainNet late Q1 which is right around the corner!
Thank you for reading my very first article on Steemit. I hope I did a good job informing and educating those of you not yet familiar with NAS. I am not yet familiar with the platform and I am eager to hear your feedback. Again, I am not a financial advisor, just a crypto enthusiast who has made a bunch of money sitting in front of his computer! Thanks for the read, until next time.
Cryptorayrv