How can you get into cryptocurrency and support new technology without wasting your time and money?
It’s a question that could make you feel pretty crazy. After all, Bitcoin is regularly making international news, and the world is taking a serious look at blockchain technology. Cryptocurrency makes headlines every day. Would-be investors are also losing money to scams and errors, though. You don’t want to choose wrong!
The answer to all your cryptocurrency investment questions could actually be pretty simple. The Nebulas token, or NAS, is an Ethereum-based coin that takes an incredibly innovative approach to cryptocurrency.
Nebulas is both a cryptocurrency token, similar to Bitcoin and a method of searching blockchains. The token was originally developed as a method of crowd-funding the search technology.
If that sounds exciting, then it might be time to check out this new token. It’s set for expansion in the very near future, so now’s the time to find out more. Let’s dive in.
What’s Nebulas?
So what does Nebulas have to offer that you won’t find in many of the other alternative tokens?
After all, we know that most tokens fail within a year or two of their initial release. Well, Nebulas has one thing to offer: it’s actively useful in the real world.
The team behind Nebulas hope that the technology supporting this token will let us get back control of our data. Large corporations are collecting and categorizing private information about us, and they’re not even using adequate security to protect it. We’re living in a world where large corporations routinely profit from and leak our personal information. Nebulas technology could help put a stop to that, and by investing in the token, you have a way to support it!
Some people call Nebulas “the new Google,” and it might be, at least as far as it pertains to the blockchain. The project doesn’t use that terminology, though. Instead, it describes itself as a decentralized platform intended to offer a search framework for all available blockchains, not just the one that Nebulas uses.
The Nebulas project includes a search engine designed to process blockchain information quickly, helping find the right app, smart contract, or other piece of data. It also offers upgradable capabilities for smart contracts. Those are two very useful functions that make Nebulas more than just an ordinary alt-coin.
The “new Google” nickname isn’t really all that accurate, however. After all, Google is the kind of search engine that you use on a day-to-day basis, to look for data on the web. Nebulas is meant for a different kind of search. It focuses on the ability to find data in decentralized applications, or dApps, as well as blockchain assets and smart contracts.
Those are very specialized situations where Google wouldn’t be any help. It’s why current search capabilities are falling short when it comes to blockchain-related information.
The NAS token started out based on Ethereum, but it’s not likely to stay that way. By the time the Nebulas main-net is released in late March, the token will have switched to its own proprietary blockchain. This switch allows it to offer features that aren’t currently available using the Ethereum standard. The project is also intended to be self-evolving, a capability that could change the way blockchains grow.
Nebulas Force is a technology that gives Nebulas’ blockchain and applications built on it the ability to evolve. Imagine a blockchain that could be changed, fixed, and expanded without needing to create a hard fork! Many of our current security concerns could be eliminated, with systems changing to meet users’ different needs. The future of blockchains could be almost unimaginably different.
How Nebulas Search Technology Works
Nebulas is offering a highly advanced search engine that will rank projects according to merit, in order to avoid the risk of promoting deceptive information.
The world has been desperately in need of a single, consistent way to rate this data. The core Nebulas Rank, or NR algorithm is open source and based on a combination of user interactivity, liquidity, and propagating user assets. It can rank a wide range of things, including entities on the blockchain, dApps, addresses and smart contracts.Nebulas Rank measures the value of an entity using three different factors.
Why so many?
Using three separate methods improve the balance of NR and makes it harder to game the system. For instance, ranking by liquidity, or the frequency and size of transactions, encourages users to actually spend and trade tokens. That kind of ranking will definitely cut down on the urge to hoard NAS!
NR also considers propagation, which reflects both the scale of a given set of assets and their quality. Last but not least, Nebulas Rank can be based on intra-operability. That’s the execution of smart contracts between either other contracts or dApps. It helps determine how much users actually interact with one another.
What’s so great about a blockchain search engine, though?
The idea isn’t a new one, certainly. There have been plenty of potential search options in the past few years. Some of them have been more successful than others, but they have all struggled with the complex task of blockchain searching.
The difference for the Nebulas project is in the implementation. By incorporating the Nebulas Rank system into every part of the search engine, self-evolving protocol, and other elements, the Nebulas developers are able to create a unique and flexible solution that is very difficult to copy. That improves the investment potential of their token. After all, a token based on easy-to-duplicate technology could be a lot less stable than one based on a unique idea.Nebulas is also different because it can let you make your own blockchain search engine. You can break that engine down by languages, enable a ranking algorithm that’s open-source, and search many different kinds of data related to the blockchain. It’s a revolutionary new approach to indexing this kind of data.
Potential Uses of Nebulas
The Nebulas project could also help get a blockchain-indexing service started, retrieving important information like smart contracts, dApps and many others. It’s about harnessing the power of the blockchain and the internet to open up enormous opportunities, both business-related and technological. You won’t believe the potential that this project has to offer.
The Nebulas team is made up of experienced members who know what they’re doing when it comes to cryptocurrency. They include the founder of NEO, which is among the fastest-growing blockchain networks. Other members have previously worked for blockchain support platforms, partnered with start-ups, and invested in organizations such as Coinbase.
With that kind of backing, it’s clear that Nebulas has good prospects. Even from the beginning, this project has been promising.
Nebulas Initial Coin Offering
For the past few years, most tokens have been released via an ICO or initial coin offering. Nebulas is no different in this particular respect. The pre-sale for its ICO started in early December 2017 and quickly reached its cap. The main sale performed similarly, and all the currently-available tokens had been bought in just a few weeks.
Just what does all that mean for Nebulas as a whole, though?
Let’s take a look at ICOs in general, and the Nebulas offering in specific. Check it out.
You might be wondering: just what is an ICO?
Sure, you know what the letters stand for, but how does the whole thing work?
Well, an ICO usually functions as a fund-raising initiative for a group like the Nebulas developers. The Nebulas initial coin offering helped support the launch of the main-net, as well as the development of Nebulas Rank and Nebulas Force.
Most ICOs go a little bit like this: first, someone makes a new currency using an existing protocol. In the case of Nebulas, that was Ethereum. The start-up team, like the Nebulas developers, determine the value of the token based on what they think the current network is worth. The token for Nebulas started out at $2 during the pre-sale.
Bitcoins are used to fund most ICOs, though a few of them will take dollars or other fiat currency as well. In order to participate in the Nebulas ICO, it was mostly necessary to pay in cryptocurrency.
ICOs haven’t always been around. In fact, they’re a relatively new way to fund this kind of project. People have only been using this vehicle since about 2013. After the idea spread, however, it was easy to see how well an ICO could work for funding.
When you think about it, the end result of running an ICO is pretty similar to that of an IPO, or initial public offering. One involves selling tokens to fund future growth, while the other involves selling shares. Some organizations even use tokens from the ICO as a form of stock.
It’s an efficient and effective way to give cryptocurrency-related projects the kick-start they need to get going. Most people will back a token that has a firm technological base, transparent structure, and a strong team of developers, after all.
The Nebulas ICO wasn’t exactly like an IPO, of course. There are a few similarities between the two, but there are also some real differences. Take a look at this:
- ICOs don’t officially provide a share in ownership. If you buy NAS during the ICO, or afterward from another investor, you won’t officially own any part of Nebulas. The token is pretty similar to a share, though. It’s still tied to the value of the project. Some crypto-tokens will also let you have voting powers, but the NAS developers chose to forgo that option.
- You’ll encounter a lot fewer regulations! IPOs are heavily regulated by governments. It can take anywhere from a few months to several years for companies to put together all the paperwork they need to present a proper IPO. There’s almost no regulation in the world of cryptocurrency, by contrast. That means that the NAS token and ICO could get off the ground much faster. It does also mean you’ve got to be more careful with the tokens you buy. Nebulas is a solid project, but others might not so trustworthy.
- It’s pretty hard to spend stock. While stock in a company does confer ownership that a token doesn’t, a token can be traded and spent much like fiat currency. The point is that tokens end up being a lot more versatile.
Eventually, every ICO reaches its cap, and Nebulas was no different. Not all caps are the same, though. Usually, an ICO has either a hard or soft cap. A hard cap is an upper limit on how much the crowd-sale can earn. Tokens can also have a soft cap.
This is usually lower than the hard cap, and it’s the amount at which the crowd-sale will be considered successful. Nebulas met its hard cap at $60 million after just a couple of weeks. After that point, no new tokens were offered as part of the ICO.
Does that mean you can’t buy Nebulas, now that the ICO has reached its cap?
The answer is no! Participants in the pre-sale are still trading the NAS token just like any other currency. Since values have been rising, it’s just hard to buy this token at its original price. During times when the value of NAS takes a brief downturn, however, you can get on board and claim your tokens. That’s all it takes to get involved.
The ICO didn’t release all the Nebulas coins that will ever exist, either. The current circulating supply is about 35 million NAS, but the final total supply will be more like 100 million NAS.What’s the remaining 70 percent of the token supply doing right now?
About 35 percent of the total cap is being kept in the community reserve. Twenty percent have been allotted to the Nebulas development team and its advisors.
Another 10 percent of the total is available for another funding round, while 5 percent is being reserved for Nebulas’ foundation. Over time, these tokens may be traded or moved around, and more of them might even make it into the ecosystem.
For now, however, it’s the initial 35 percent that’s available for investment. That might not seem like much, but there are really plenty of tokens available on the exchanges. You just need to know where to look.
Best Exchanges to Buy Nebulas
Look: it’s pretty easy to understand that the token for Nebulas isn’t going to be available in all the same places where you can buy Bitcoin or Ethereum. That’s just the case for the smaller tokens and alt-coins. They’re just a little bit harder to find than a more mainstream token.
Don’t feel like that means you won’t be able to buy Nebulas of your own, though! You just have to know where to start looking. This coin is a solid choice since it was created by one of the co-founders of the NEO token, and it seems likely to become a more mainstream offering. Till then, you can buy Nebulas at Gate.io, Huobi, Allcoin, or Okex.
So which exchange is best for trading NAS tokens?
It really depends on what you want to do. For instance: Huobi, based in China, is open to users around the world, and it offers lower exchange fees than a lot of the competition.
Allcoin isn’t available in as many places, but it lets you easily trade USD or yuan for tokens.
Want exchange BTC, Ethereum, or LTC for NAS?
Gate.io might be the right choice. This exchange targets the US and Chinese traders but does not accept yuan or dollars – only trading between cryptocurrencies.
Okex will let you trade in Bitcoin, Litecoin, or Ethereum, too. It markets mostly to Chinese users, though. If you like performing trades outside the browsers, this platform’s stand-alone desktop application could be a bonus.
Acceptance of NAS is likely to increase across the exchanges, just as soon as the token’s main-net is operational. That means you aren’t necessarily going to be stuck with the same exchange you choose at first. Try one out, then move your tokens if you end up preferring a different site. Just make sure you take the time to do a little bit of homework before you choose.
back to menu ↑Step-By-Step Buying Guide
So what if you’re looking to buy Nebulas and you’re not quite sure where to start?
The process of trading in a lesser-known cryptocurrency token can be a little bit more complicated than using Bitcoin or Ethereum. If you’re starting with a fiat currency, such as the US dollar, you’ll usually have to trade a few times in order to purchase NAS. Once you’ve done it a few times, however, you’ll get the hang of the process. Let’s take a look:
The first step to buying Nebulas is to purchase another cryptocurrency.
Does that sound backward?
We need to approach buying this token in a strange way because the exchanges that sell it don’t usually trade in fiat currency. You can acquire currency that the exchanges will accept, such as Ethereum or Bitcoin, by visiting a larger exchange like Coinbase or Cex.io.
Once you’ve set up an account on one of those exchanges, your task will be to trade dollars for one of the more common forms of cryptocurrency.
Don’t get scared! It’s actually pretty simple. Just deposit your fiat currency into your account, click “buy/sell,” and choose your preferred token. Approve the transaction and you’re ready to move on to the next step!
Head over to the exchange you prefer for Nebulas. If you haven’t set up an account, now is the time. Just make sure you also use two-factor authentication. It may be annoying, but it’s essential if you want to protect your funds. Once you’ve verified your account, select your wallet.
In Gate.io, you can find it in the top menu. Choose the currency you wish to trade, then confirm the deposit. If you’re given a wallet address, copy it down and store it in a safe place.
Remember to check the minimum withdrawal limit for your exchange! If you intend to trade only a tiny amount of currency, you could have trouble withdrawing it later.
Now that you have the address for the wallet, you can go back to the place where your recently-purchased cryptocurrency is stored. Choose the “send” function, and make sure the wallet address you just got is copied down into the “recipient” box. Follow the instructions to do any confirmations your site requires until you see the currency has been sent.
Heading right back to your NAS exchange could bring you a surprise. You might expect to see your currency already in your wallet, transfers completed. Really, it takes at least a few minutes for the tokens to be transferred.
Sometimes the network is experiencing a backlog, though. In those cases, you might have to wait a bit longer for the transfer to complete. When this finally happens, you can find your transferred funds under the “balances” section of most exchanges.
At last, you’re ready to finally buy NAS tokens!
Trading works a lot like buying your initial cryptocurrency. Look at the exchange rate, decide whether you’re happy with it, and choose an amount of currency. Confirm your order and provide any passwords and verification your exchange requires. Hopefully, you’ll be able to buy all the coins you wanted, and your order will complete.
Sometimes you can’t get as much currency as you’d hoped. Then, the exchange will fill only part of the order, and what’s left will wait for new buying opportunities.
Now that you have some Nebulas, what’s next?
You can just leave your coins on the exchange, but if you want something safer, it’s best to move them to another wallet. From your current NAS wallet, select “withdraw,” enter the address of your personal wallet, then choose how many coins you’d like to transfer. This process should be nearly instant, and your NAS will appear in your account.
back to menu ↑Nebulas Coin Considerations for the New Buyer
Does it all sound too good to be true?
Let’s be honest: there are a few things you need to consider before you invest in Nebulas. For one, you need to understand that prices will never return to pre-sale levels. While the cost of Nebulas started out around $2, it has risen quickly. If you’d like to get involved now, you’re making a bet that prices will continue to rise after you buy.
Another thing to consider is that the price of this innovative token has fluctuated some over the course of its existence. High values in the $14 and $15 range are exciting to see, but they’ve been quickly followed by temporary drops. If that sounds scary, it doesn’t have to be. You need to be smart about your expectations for Nebulas.
back to menu ↑Don’t assume that high or low values will continue forever! Keep that in mind and you’ll be on the road to making smarter investments.
PRO TIP
How to Earn Nebulas Without Buying
Instead of gambling or relying on the kindness of others, you’d be getting it through your work. Making a high-quality distributed application that does well with Nebulas Rank could get you rewards in the form of the official token.
It’s part of the Nebulas developer incentive protocol or DIP. This protocol is intended to create a positive feedback loop that will encourage developers to build the best applications possible. The current ecosystem tends to reward cost-cutting and sloppy design, but the Nebulas DIP is intended to reverse that.
It’s a new way to introduce fairness into the blockchain ecosystem, and it might help a few lucky developers fatten their cryptocurrency wallets, too. Wham! You build a good application, and you reap the rewards.
Nebulas Wallet
After all, several exchanges have been hacked or experienced errors that resulted in customers taking a loss. If you’re worried about security when it comes to your Nebulas funds, it might be time to get an independent NAS wallet. It’s important to maintain personal control of your currency, and a crypto wallet of your own is a good way to do that.
Since Nebulas is one of the less well-known tokens, you probably won’t find any dedicated wallets for storing it. That won’t stop you from using a general wallet, though. This token started out based on the ERC20 standard, so you can use any Ethereum wallet to store it. Some of the more popular options include MetaMask, Coinomi, and MyEtherWallet.
It is important to remember that NAS won’t stay an Ethereum-based token forever. In order to implement some of its most important features, the Nebulas has to move to its own standard. When that happens, users can expect to get a few weeks of warning, and instructions on how to transfer their coins to the new standard.
The developers of Nebulas promise that the process should be relatively simple and pain-free. The team says that currently-held NAS tokens will be swappable for the new ones on a one-to-one basis after the main-net release occurs.
Nebulas Price Prediction
Pricing a lesser-known cryptocurrency is always an unpredictable game. Things change so fast that it can be hard to tell if you’re coming or going. Since late 2017, though, one thing is clear: Nebulas has been volatile, but growing. Prices rose from mid-December values of around $3.90 to brief highs of up to $14.98. Today, values are a little more modest, but things could be heating up again.
That’s because the Nebulas main-net is due to launch around the end of the first quarter of 2018. Prior to that time, the native NAS token is being run on the test-net, where volunteers build applications, try out test transactions, and do other work to get it ready for release. When all that is done, the main-net can be released, and the tokens will switch over from the Ethereum standard.
That’s when we might be able to expect a big jump in value.
Sounds too good to be true?
Well, when the main-net is launched, there’s a pretty good chance that NAS tokens are going to spread to a lot more exchanges. That means that other people will become aware of them, see how useful Nebulas can be, and be interested in buying.
An increase in value isn’t certain, but it’s pretty likely when the main-net launch happens. If you’ve been thinking about buying NAS before the launch could be a good time to take the plunge.
back to menu ↑Important Recommendations
Though the Nebulas ICO has ended after reaching its hard cap, that doesn’t mean you can’t buy this token. There aren’t any new NAS tokens on the market, but it’s easy to purchase some from existing investors. Just remember that it’s a good idea to get started as early as you can. After all, your returns can diminish with time.
Getting involved with the Nebulas project is among the lower-risk investments in the world of cryptocurrency. With a value that’s indirectly tied to its usefulness as a blockchain search engine, this token offers an excellent opportunity.
Nebulas is an amazing addition to an ever-growing technology. The ability to search blockchains effectively and to rank applications could be an essential part of future computing. This is one of the most solid teams in the industry, and the project is addressing several major current issues with blockchain technology.
With the number of dApps growing every day, and with smart contracts increasing in popularity, the Nebulas project is sure to become the foundation of evolving systems around the world. The NAS token is one great way to get involved in that development.Don’t wait too long! Nebulas token values are rising, and soon it could be hard to invest in this exciting new project. So take the next step. Check out the pricing trends on NAS, and make your first investment.
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