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About
NULS is the token of Nuls.io, an enterprise-grade blockchain infrastructure that offers a modular microservice-based framework aimed at helping to make dApp development faster, cheaper, and easier.
Launched back in 2017 by Singapore-registered NULS community foundation, NULS runs using a unique Proof of Credit (PoC) consensus mechanism which is said to be one of the greenest available technologies, requiring comparably little energy to operate.
State of the Project
The specifics of the microservice architecture allows developers to create modules for any purpose, while simultaneously developing other critical blockchain app components.
The project features microservices, smart contracts, cross-chain interoperability and instant chain-building.
It’s core product is the NULS Chain Factory, which allows non-developers to build a new chain by automatically deploying pre-created modules.
NULS SCO platform allows NULS based projects to issue and distribute tokens. Investors can also stake NULS in the POCM (Proof of Credit Mining) platform to earn tokens from NULS SCO projects.
Most of the code is written in Java.
NULS are inflationary tokens used to set up nodes, create tokens, vote, and stake. They can also be used as a store of value.
5 million NULS are created each year to reward miners and secure the network.
The Website & Whitepaper:
The project’s website includes key project information elements: the project description, documentation, team, whitepaper, roadmap, an active blog, and links to social media.
Its whitepaper comes in English and Chinese and provides key data on the project’s mission, architecture, and token distribution.
The Development Stage:
The NULS Mainnet v2.0, ChainFactory and SCO platform launched in 2019.
The Nerve Network, a cross-chain interaction protocol based on NULS and developed with NULS ChainBox, launched in 2020.
Compatibility with NRC-721 NFT token standards was enabled in 2020.
NULS began the research and development phase of NULS v3.0 in 2021.
Phase 1 integration with Chainlink.
Launched multichain plug-in wallet (Nabox), also supports signature of Ledger wallet.
Roadmap:
The roadmap plan, on the official website, ends with 2021.
Fundraising:
40% of NULS were airdropped to angel investors (In-chain project).
Team
NULS has as many as 50 employees, according to LinkedIn.
NULS has 4 councilors who are partially anonymous to the community, providing only their first names, according to the website.
NULS’ global team consists of 5 members, only 2 of whom have revealed their real names.
Co-founder Reaper Ran graduated Chongqing University of Arts and Sciences in 2014. He worked as an account manager at China Post Group Corporation until 2017, when he co-founded NULS.
Co-founder and lead developer Jason Zhang left the NULS project back in 2019. He was the one person, of the project founder’s, who had years of programming experience.
Investors include crypto mining company Bitmain technologies, and venture capital organization Hash Capital.
Community
Social media accounts: Twitter (79.4K), Telegram (13.2K), Reddit (5.6K), Youtube (1.7K).
Consistently growing social media communities.
Regular blog posts and communication with users.
Last LinkedIn post was 6 months ago.
Activity on GitHub has steadily decreased since April 2020.
Key metrics
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