This Native Project Review covers the project’s solution to create and discover communities in a decentralized way.
Native Project Review: Introduction
The power of the collective can never be overemphasized when it boils down to achieving a goal. Moreover, individuals are able to share and compare ideas to achieve a common goal. Many individuals are just a step away from achieving their targets. Additionally, all that may be required is simply uniting with a demographic that shares common interest. Native is bent on attaining this.
About Native Project
In the first place, Native is a blockchain-based platform that avails individuals the opportunity to create communities. Especially for the purpose of harboring those with common interests, thus allowing them to harness the power of the collective in actualizing their mutual goal.
Besides, Native affords users low entry barriers. Meaning, as anyone bereft of technical knowledge can easily create or join a community on the platform, partake in community activities, and even influence decisions as a token holder.
As explained above, Native comes with a solution to build communities. For example, if you have an interest in an activity or subject Native makes it happen by connecting with humans around the world with similar interests. Also, tech-savvy or not, you can easily launch your own community on Native, exclusively for people or groups that share the subject as an interest.
In detail, each community has the ability to create its own unique token. Moreover, this token will not only serve as a means of value transfer but will also be useful in raising initial funds to fuel the community’s operation. In fact, the sale of the token is the primary way through which funds will be raised. As new participants must purchase community tokens; though, crowdfunding and bank loans are other effective means through which funds can be raised.
As a new or existing user, you can join communities and unite with people who share your interest in Native. Also, to become a bona fide community member, users must purchase the community’s token. Moreover, possession of this token grants them voting power that will enable them to partake in decision making.
Native Project Review: Use case
This led him to search for a community of developers in which he can share ideas and learn a thing or two. Luckily, a friend introduced him to Native. Finally, he found exactly what he had been searching for; a community of front -end web developers. For this reason, he bought some NAV and traded it for the community token, thereby becoming a full-time member of the community!
Native ecosystem will support two token types: Native token and the community tokens. In fact, the native tokens are the primary tokens on the ecosystem; they can be exchanged for any of the numerous community tokens while community tokens are those belonging to the various existing commutes on the platform. In order to reduce the effects of volatility and to improve stability, the community tokens are backed by the native tokens while the native tokens are in turn backed by the Bancor Network Tokens (BNT).
The major function of the native token, NAV is that it is used in purchasing any of the community tokens. Moreover, the community tokens are basically limited for use within the confines of the community, and asides being a means of transferring value, token ownership also serves as a means of membership validation.
Native(NAV) numbers & details
|Total amount raised for ICO||Unknown|
|Total number of tokens||n/a|
|Nominal price||1 NAV = 0.35 USD|
There is no limit to what can be achieved through efficient teamwork. After all, they say two heads are better than one; how much more ten or more?
Native empowers individuals by providing a platform that will enable them to create or discover a community. Also, this community of individuals is sharing common goals, allowing them to increase productivity through sharing ideas, thoughts, projects and making decisions that will better their community and themselves.
Information and resources
DISCLAIMER: Trading in cryptocurrencies involves substantial risk of loss and is NOT suitable for every investor. Any content on this site should not be relied upon as advice or misconstrued as providing recommendations of any kind. We are not investment advisors or analysts. Everything provided here is purely for informational and educational purposes.
Latest posts by Daniel Okorafor
- Coinbase vs Coinswitch: Two Different Gateways to Cryptocurrency - June 24, 2020
- 11 Online Games That Will Pay You Virtual Currency - June 13, 2020
- Best Places to Stake Your Crypto and Earn Dividends - June 6, 2020