Nebulas Jumps 15% With Binance Listing

Binance has tested Nebulas (NAS) and exchange listing has been announced for the 44th ranked cryptocurrency by market cap. The Chinese project which is dubbed the ‘Google of Crypto’ aims to provide an ecosystem that can evolve and survive amongst strong competition.

Nebulas tweeted: “Binance will open trading for NAS at 2018/06/28 08:00 AM (UTC). Binance, Huobi.pro, OKEx, and Gate.io have opened trading for NAS. Binance will not accept any NAS tokens that are ERC20 based.”

NAS will be added to Binance June 28 at 8 am (UTC). It will be paired with Binance coin (BNB), Bitcoin (BTC) and Ethereum (ETH). The minimum withdrawal is 0.2 NAS and the withdrawal fee will be 0.1 NAS ($0.50). Binance will be accepting mainnet tokens but not ERC20 NAS.

NAS Rises Against Ether

Following the news, the price of NAS rose by 15% to $5.12 and has undergone a slight correction to $4.99. Its market cap is now $227 million. As the market fell, it was one of the few coins in the green and this was shown by even higher returns against Bitcoin and especially Ethereum which is down 3.48% over the past 24 hours.

Within the last few weeks, more than 3,000 decentralized apps (Dapps) have been launched on the Nebulas blockchain. This is a huge achievement for the first third-generation blockchain with a live mainnet.

Nebulas have been running a weekly Incentive Program for Dapps and have been rewarding the best Dapps on the network. Using their ranking algorithm, they evaluated the best Dapps and will provide rewards to the Weekly Champion, Second Prize, Third Prize, and 20 other awards.

In a blog post, they said: “The seventh week of the Nebulas Incentive Program (NIP) ended on Saturday at midnight (Beijing Time) on June 23th, block height 491,996. We received 252 decentralized app (DApp) submissions during this period, of which 88 passed review to win NAS rewards (34.9% passing rate).”

CryptoMonsters Runs on Nebulas

Current nominees include a runaway game called Nebulas Runner, where players get points by being fugitives and a treasure hunting game called TreasureX. They also have their own version of CryptoKitties, focused on monsters, called The Monsters (CryptoMonsters). They say ‘each monster is one-of-a-kind and 100% owned by you. It cannot be replicated, taken away or destroyed.’

The Dapps are selected by a 23-person judging panel selected weekly. It includes 3 Nebulas representatives and 20 super contributors who vote by sending 1 NAS. Super contributors who vote will receive the NAS back, their reward and a share of 10,000 NAS.

Nebulas are also running a live event series with a Nebulas developer. Nebulas Lead Core Developer, Roy Shang will cover technology, core concepts, ideology and will present a live tutorial on smart contracts and Dapps. The first event was on June 26 and it will continue weekly to July 23.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Martin Gommel via Flickr

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