NAS is the native (utility) token of Nebulas, viable for payment of transaction fees and the computing service charge.
Founders: gradually unlocked over the course of 10 years
Staff: gradually unlocked over the course of 3 years
1,000,000 NAS was burned on Oct 8, 2019
34,000,000 NAS was burned on Oct 28, 2019
Time of Duration: Commenced on March 30, 2018, the date that the mainnet was officially launched, until Proof of Devotion (PoD) mechanism is officially launched.
Before Proof of Devotion (PoD), the consensus mechanism originally invented by Nebulas, is officially launched, the Nebulas mainnet is employing Delegated Proof of Stake (DPoS) as a transition consensus mechanism. Nebulas has set up a Nebulas Incentive Special Fund to manage all the income arising from DPoS bookkeeping. Such income will be only used to motivate the developers and contributors of Nebulas community ecosystem and will not be sold on any exchangers. We will publish the announcement to the community before using these funds.
The Team reserves the right to explain and amend any of the foregoing.