Trading floors were opened today for Nebulas (NAS) tokens on Binance. The listing on the crypto exchange platform follows after other exchanges such as Huobi, OKEx and Gate.io begun trading the NAS tokens. Binance will however not be accepting ERC 20 based NAS tokens. It will rather focus on trading NAS tokens based on Nebulas’ own mainnet. The coin swap from the Ethereum based NAS tokens to tokens on its mainnet commenced on May 7th with support from Huobi and gate.io among other exchanges.
Silicon Valley blockchain week
Hack Sport has been announced as the winners of the just concluded Dorahacks Hackathon organized by Nebulas with Gunsafety and Super Sync Go coming in second and third place respectively. The event took place during the Silicon Valley Blockchain week in Silicon Valley between 22nd and 24th June with the aim of attracting hundreds of top developers to develop dApps on the Nebulas platform.
As an event sponsor, Nebulas also sponsored the hackathon activities at the conference with its cofounder Robin Zhong speaking and acting as a judge for the hackathon. The conference is a major event in the crypto currency industry with its initiators including major players such as F50, SVE, Node Capital, 500 startups and Dorahacks among others.
Talent and development
Nebulas (NAS) is being built as a next generation blockchain with a continuously improving ecosystem. It has therefore put in measures to attract top talent to help with development on the platform. One of these measures is incentivizing developers to build on its platform by providing NAS rewards in addition to hackathon prizes through its Nebulas Incentive Program. The incentive program has a reward pool of USD 5 million and the platform has a pool of judges composed of 20 super contributors and 3 members who vote on a weekly basis for the best dApps to be awarded through the incentive program.
Nebulas also opened offices in San Francisco in March this year as it launched its mainnet. The strategic move was aimed at taking advantage of the city’s reputation as a technology hub with a high concentration of high tech talent to enable it achieve its development goals.
The network and price analysis
The Nebulas platform is built on 3 layers with functionality both for development and deployment of dApps and smart contracts and for discovery. The Nebulas Rank (NR) provides a measure of value for each unit in the blockchain by measuring and the utility of all blockchain entities and powering the Nebulas search framework. The Nebulas Force (NF) layer is responsible for the platform’s continuous improvement through a community led governance model and features that allow for upgradability of the blockchain.
Nebulas (NAS) currently ranks 47th dropping one position on coinmarketcap with a market capitalization of USD 220 million. This is an increase from yesterday’s closing value of USD 199 million. It has experienced a consistent drop in value since the start of the month when it closed at USD 338 million on 3rd June after a short period of appreciation. The current price of USD4.85 is 2.3% below its opening price for the day.