My thoughts concerning the future of NULS
Hello,
I've run some numbers in my head and I've come to the conclusion that the big strategy of NULS can't work if the coin price doesn't reach at least 20 to 25 dollars. The coin price today is 2,50 USD for 100m marketcap.
At 25 dollars with the current circulating supply would put us at only 1 billion marketcap. This price still low if you compare it with other similar blockchains.
How are we supposed to finance community leaders and community devs to grow the ecosystem ?
It's supposed to be financed by node rewards and commissions from running a node in which the team will stake 200 000 NULS, if you take the time to calculate those rewards they are unsustainable unless we reach approximately 20 dollars per coin. You can't pay community leaders and community devs peanuts, I have yet to see someone excited about any of those roles at the current coin price... if we don't reach 20 dollars per coin the community will not grow.
Who, Why, How ?
BITMAIN has invested in NULS and it was announced at the current price of 2,50 USD, BITMAIN is also helping NULS in developing Chain Factory, their subchain product. Why would BITMAIN invest in a company for nothing ? No way, right ? BITMAIN and the other investors of NULS will not let NULS die, because if we don't reach 20 USD the whole NULS strategy can't and won't happen anyway. This is correct, NULS will die if we don't reach 20 USD at least to finance the community operations (community devs and community leaders).
In my opinion a very big pump is being prepared in the shadows by those big players. For example, why would Binance list the USDT pair for NULS... a 100m marketcap coin ? This doesn't make any sense right ? Unless they are preparing an astronomical pump.
If my theory is correct they will coordinate the gigantic pump with a new top exchange listing. We can also see that the market maker is back on Binance, keeping the volume high to attract big investors.
NULS has "under announced" very big partnerships like the MC Payment partnership, that's a huge company and a huge milestone, but the team didn't want to hype it because their own coins were locked at that time ! Yes, once MC Payment integrates NULS they will hype it to another galaxy by announcing it as the partnership of the century.
BITMAIN was also under announced and under hyped. BITMAIN has yet to announce the partnership themselves, and this will also cause hype on NULS.
Why NULS ?
NULS is one of the fastest (if not the fastest) blockchain out there. NULS in theory can support up to 1.44 trillion transactions per seconds. This sounds a bit silly, I agree. I think that the reality is closer to 1 billion transactions per second, by combining the subchains.
NULS is already very fast with 10 seconds blocks capable of enclosing tons of transactions each. Jason one of the core developers has reached 2K TPS when he modified the block size, we were limited to 800 TPS before he made that change. Again, this was under disclosed as they didn't want to hype the price because they still didn't have their own coins.
NULS has it's own investment branch and the chairman of the investment branch runs investment funds in China, yes, exactly. NULS has tons of money at their disposal to fund projects and they already started.
NULS is running huge events in China but they are again under disclosing this fact to the West. Today for example there is a NULS DAPP competition where 300 DAPPS are presented to NULS, NULS has promised to invest and fund the top 3 ideas.
Again, in my opinion NULS can only go up to 20 dollars at least or NULS will die. The NULS global strategy requires a high coin price.
Disclaimer :
Please note that I hold NULS coins, this is not investment advice, the coin price could go to zero in the next second for all I know.
Lot’s of price speculation pulled out of thin air. As of now the tokenomics and market conditions aren’t primed for a 10x of any token, especially not one already sitting at 100million.
Also saying that Nuls needs $20 to succeed is pretty broad statement. You don’t know the pre arranged contracts they have with the devs, so it may very well be sustainable at current prices.
I am a fan of Nuls and have been a holder since 40 cents, but this just seems like unadulterated shilling.
If you consider the truth "shilling" then the truth is that we are very undervalued ! Thanks for your comment.
Look at it from the outside looking in.
First you say that Nuls needs to be $25 to execute its strategy, then you say it will hit $25.
Ask yourself this question, would you invest in a company who technically needs to go 10x it’s current marketcap to survive?
I’m not saying Nuls isn’t good, but you are wrapping speculation ( wishes) as facts and done deals. So yes this is shilling.
Do you think all these people will let NULS die ? If yes then sell your coins as fast as you can. I think they will make it grow.
I never said that, it literally feels like you want $20 Nuls so you can bail.
Also you seem to be getting defensive though I said nothing against Nuls, just your approach.
You don't understand the token economics behind the community devs and community leaders idea. Nothing will happen or will be done until we reach the critical price of 20 USD per coin.
Lol I don’t understand?
So what you are basically saying is that this crypto is dead until it hits $20?
Tell me more about how poorly planned out this business is. Or are you just talking out of your ass.
yes
Main flaw in this article is expecting something to skyrocket just because there's tons of power behind it.
Roger Ver did fail with something like 4 Bitcoin forks (BU, BitcoinXT ....), spent millions trying to push them to adoption. All have failed hard. But then he finally succeed with BCH and made all his money back on idiots buying useless crapforkcoin for serious money. Couple of months back, when mempool was high and BTC transactions were slow and expensive, LTC, ETH, and other alts were suitable substitute for BTC transactions, well adopted and fast.
But because of hype paid by Roger Ver, BCH to BTC ratio was 0,3:1
And many idiots were buying BCH. Roger did increase his net worth by 30% while Average Joe was buying worthless fork.
NULS have same possibility succeed, but also to fail and be replaced by some newer variants which will eventually succeed.
I think you're confusing Roger Ver being the figurehead of all bitcoin forks.
Bitcoin itself was about community and developers for a very long time. There are multiple people who are developing on it including Gavin Andreson, Mike Hearn (not developing for bitcoin any longer), .... Roger Ver. The developer community of bitcoin cash is quite decentralized if you look at it quite closely instead of following the /r/bitcoin troll behaviour.
Contrast that with bitcoin core's developer community - you will see that they are all bought out by Blockstream. And I really, really encourage you to see who is funding Blockstream before you respond back.
Developing something and funding it's adoption are two different things.
Almost the day BCH appeared, all previous forks websites had BCH wallets ready.
It's coordinated bullshit sale but the biggest mover behind was and is Roger Ver.
Blockstream protects their assets, which is also in interest of current Bitcoin holders.
Roger wanted to take over and failed, but still made 30% increase in his net worth by selling worthless junk to tons of Average Joe waiting for miracle to happen (getting the idea of BCH overtaking BTC while reading shill blogposts on Bitcoin.com/Coindesk/CCN ...)
I've sold all my BCH at around 0,2 BCH : 1 BTC. I'm perfectly happy some Average Joe did bought my worthless BCH which I received by doing nothing.
NULS is already very fast with 10 seconds blocks capable of enclosing tons of transactions each. Jason one of the core developers has reached 2K TPS when he modified the block size, we were limited to 800 TPS before he made that change. Again, this was under disclosed as they didn't want to hype the price because they still didn't have their own coins.
Why exatly is BCH a craptoken? It got overvalued, but so did everything in crypto. I've never been a huge fan of BCH but it is perfectly fine.
Wow
Thanks for your valuable comment. I do know the contracts in place as I'm in the private dev group.
i also have been a holder since 29cents
Very very good entry price !
when nuls will cross 5$
Let me check my crystal back and I will be right back to you.
First time heard about nuls to be honest
What is your opinion on it ? Have you tried their wallet ?
I have never heard of them. I will have to look into them now
same here heard it first time
Under the radar crypto that will take over the world ;)
Besides speed, what else does NULS offer? How does it keep itself decentralized with so much speed?
many nodes run by many people = decentralised, offers modularity will always be upgradeable and will sustain being the best tech 10 years from now, also offers plug and play where anyone can create their on sidechain using modules created waiting on standby can chop and change to whatever ever you need instantly making it the fastest adopted block chain platform easily has potenital to surpass ethereum
Many different nodes, anyone can set up one with enough NULS.
Pay them directly
Exactly.
That's not what NULS want to do....
I think NULS should consider doing this. Paying them directly is a perfect compensation to help grow this ecosystem.
Similar to how ICOS have serious kickback and bonuses for presale investors...there needs to be some rewards for the early developers on this mainnet and community leaders who are taking a massive risk in spending their time to develop and grow an immature ecosystem.
very very good price thanks brother this post is very good for also
Thanks for the comment bro, be #nulsdeep, join us.
Great
We will reach greatness with NULS
Thanks !
Binance is positioned to be the freaking exxon/mobile when nearly all its competition are citgo's... no way they risk that on a little pump and dump. Nearly a year ago they didnt exist.... now they run the exchange of crypto.... why on earth would they risk everything for anything less than at least tens of billions?
My 2 cents... that are all in short If it requires a pump by major players.
#nulsdeep #therestisnotimportant #allinnuls
Good
Very good indeed