Review on Nebulas by Ayu Anggraini
What i think about Nebulas projects
The first time I found out about nebulas was in 2018. At that time nebulas had just launched its ICO in 2017 and successfully listed on its first exchange; allcoin exchange. Nebulas is a blockchain project that was discovered by Hitter Xu, he was the inventor of ant shares (now known as NEO) and also the founder of bitsclub. He built nebulas with several other teams who had expertise in the field of blockchain technology.
I think Nebulas is another project that we should keep an eye on because of his track record on NEO was a success to build NEO to be one of the greatest project in crypto space.
..What is Nebulas vision?
Nebulas wants to build an
decentralized incentive mechanism,
using NAS or nebulas coins as incentives for user and for developer, and to built a search engine for decentralized applications based on a ranking system, and feedback from the community.
With this system, nebula hope to decentralized community governance, and to provide better plus valuable information from the search engine for blockchain.
.. Some of the features of Nebulae are Nebulas Rank (NR), Proof-of-Devotion (PoD), Nebulas Force (NF), DIP or Developer Incentive Protocol for developers who contribute to Dapps and smart contracts nebulas.
What I am interested in is the Proof of Devotion "or" PoD "algorithm, because it provides incentives in the form of revenue from block rewards and transaction fees for users who provide the positive influence to create a healthy blockchain ecosystem.
Allocation of total supply is very healthy, not centralized as most projects choose to hold the most supply from allocations in a short lock up period, but nebulas does not do so and chooses to allocate most of the allocation to the initial coin offering (30%) and the community reserved (30%) and the costs for platform development.
On gonebulas. io, namely Nebulas community collaboration platform, there are 36,000+ users online and more than 2300 developers, in which we can see the main project, the bounty project (there are about 186 registered projects when this review was written and the community project was 96 projects.
At present I am following the community project: the first PoD governance vote program is creation of medium articles and content with a budget of 100 USD per 1000 words (264.6) NAS.
Unfortunately there are still many crypto communities that do not play an active role in the PoD governance program, this can be seen from the number of users participating in each program created.
In my opinion, the interface is less friendly and the user doesn't know how it works (it would be better if there is a guide on how to use the platform, on each account)
Pros
- Continuous improvement and development
- Active team and active founder
Cons
- Less active community in their platform
- First impression of Nebulas was more into hype than a real products or working platform with active user
- Nebula should add more policy and rules about incentives to avoid user abuse the system
