INTRODUCING NATIVE PLATFORM
An Overview On Cryptocurrency
Due to the creation of Bitcoin and the subsequent cryptocurrencies, a completely decentralized, unalterable, transparent and secure economic system was born, independent of the intermediation of governments and banks. Creating a monetary ecosystem with a current value of 300 billion dollars, completely accessible to anyone.
Jake Vartanian, the founder of Native, realized that blockchain technology attracted a group of people with a common goal, to obtain dividends or monetary value. But beyond that, Jake understood that this technology could be used with a more transcendental meaning.
It was during his stay in Indonesia, when he met an ice cream man seller who wanted to expand his business, by offering his products at festivals in this country. But for this, he should fill a series of requirements, which were impossible, to get a loan from a bank to start his business. Jake decided to lend him the $100 needed to start his business. Fortunately for Jake, the individual's business paid off and doubled his investment. But at the time of returning the money (the $100), it became impossible at the time, since the rates of bank transfers or Western Union, were exorbitant.
This made Jake see that the blockchain had the power to improve transnational transactions, without the need for intermediaries and with much lower rates than conventional ones. And beyond this, the blockchain technology could be expanded to a more sociological and philosophical concept, oriented to communities that share a common goal. In this way, the Native platform is born.
The objective of this article is to introduce and make known to the reader the Native ecosystem and its capacity to create autonomous, prosperous, borderless communities with their own economy or token.
Native is a platform which enables like minded people to create an economy and put their mental and financial resources together to pursue ant cause which they find worthwhile, this can be a game guru joining a gaming blockchain development company, a medic freak joining a medical blockchain company, a trader joining a cryptocurrency trading community, to contribute to ideas, collective decision making and help in developing such community of their choice. Communities are the essential components of Native, and to bring people of similar interest o a community is Native’s interest.
Hereby Native ecosystem allows the collectives to create their own Community, capable of managing funds with a common goal and giving the real character of it, by including the economic aspect, supported by a system of decentralized governance decisions. It is important to note that the Native platform has simple templates that allow users, without having to have technical knowledge, create communities, projects, and polls.
Here Are The three main benefits Native offers when creating a community are:
- Collect funds through the creation of their own token. Native allows members to buy, sell and transfer these tokens inside and outside of the created community.
- Make collective decisions. Native uses surveys for members of a community to make decisions necessary to achieve the community’s objectives.
- Redeem the value of the token. Native allows their users to exchange the token of a community by other cryptocurrencies.
Benefits of A Community Such As Native
One of, if not the biggest reason you’d want to join an entrepreneurship community is the chance to learn from one another. Joining a community of like-minded people means that you have an increased chance of meeting someone who’s willing to take you under their wing and mentor you. Having a strong mentor who’s willing to guide you and give you the benefit of their experience means that you can avoid making costly mistakes that could potentially derail your startup and your career. In fact, it’s been proven that having a strong mentor can be the key difference between a failed and a successful entrepreneur.
Joining any community means that you have a chance to improve your professional and personal network.
Growing your network means you increase your chances of encountering positive opportunities through the relationships you develop. That could mean an opportunity to further your career, or meeting someone who is able to provide you with the help you need. You never know who you’ll meet when you join a community, and how they can help you and vice versa.
One of the biggest threats to an entrepreneur’s success is becoming isolated and losing their imagination. A fast way to failure in the startup world is never learning how to evolve and adapt, something that is very difficult to learn on your own. There are countless stories of people who thrive early on, but isolate themselves from others and stagnate creatively as a result.
No matter how talented you may be, or how smart you are, it is literally impossible to know and do everything by yourself.
It’s the reason why founding teams are more likely to succeed than startups with solo founders. The reason is that it’s impossible to do everything by yourself. There will just be certain areas or skills that you don’t have, or aren’t good enough in, that will hold you back from achieving your goals, and that is why the founding team o Native has come up with such beautiful idea such as a collective decision making in a community.
Having a community to rely upon means that you’re surrounded by people who know exactly what it is you’re going through/ what you are doing and whose chief aim is to make such better.
Entrepreneurship is said to be a lonely journey, and it often can be. It can feel like the weight of the world is on your shoulders when you have no one in your life to share your experiences with. It can feel isolating and, more often than not, most entrepreneurs give up because they just don’t have the motivation to keep going.
Native Ecosystem / Architecture
The Native ecosystem is formed by the Native token (NTV), the tokens or currencies of the communities and the collective decision tools.
Before delving into the former concepts, it is necessary to explain the general design of the tokens within the Native ecosystem. All tokens are created as Smart Tokens, which use the Bancor Protocol. The Smart Tokens are tokens compatible with the ERC20 standard, used in the blockchain of Ethereum, programmed with a smart contract with an automatic liquidity mechanism, which allows them to become other tokens. Smart Token is configured with a connector module, which allows connecting the balance of another token with itself.
It's pertinent that, anyone can buy a Smart Token, by depositing a certain amount of its connector token. In this way, the smart contract is responsible for issuing new Smart Token units, increasing their supply. Similarly, when selling units of a Smart Token, the smart contract will remove the units in circulation and withdraw the corresponding amount from the connected token.
it's also important to emphasize that the Bancor protocol constantly recalculates the prices to maintain the balance between the Smart Tokens and their connectors.
The main benefits of this type of token are: instantaneous liquidity, precise market size and the number of tokens are not generated unless they are necessary, which maintains a tangible value of the currency.
The NTV is the native currency or token of the Native platform and is also the basis of all the tokens created by the communities defined within the ecosystem. The NTV is a Smart Token, connected to the BNT or Bancor Network token; and this one, at the same time, is connected to the ETH token.
The NTV is split as follows:
1. 50% to Community Fund: Resource pool for each community which can be allocated to Projects and Tasks.
2. 10% to Smart Token Converter: Traditional Bancor Converter which modifies the price and supply based on connector weight
3. 40% to Connector Balance: Total value of a Currencies Reserve.
Community currencies represent the currencies or tokens of each of the Communities created within the Native ecosystem.
Functions of the currencies of the Communities:
Medium of Exchange: Native allows the exchange and transaction of tokens within each community independently. This helps to encapsulate the value of the community and encourages the local use of the currency.
Membership: To become a member of a community it is necessary to acquire Native tokens and convert them to the native token of the community. The amount for a membership depends on what is established by the community curator. The scope of the membership is established within the policies of each Community.
Alignment of Interests: The native NTV token already creates an alignment of interests among ecosystem communities. However, communities can allocate a portion of their balances or funds to create new projects or communities.
Collective Decision Making Tools
Projects: The projects are created by the curators of each community. However, it is the members who decide to support the project or not. If the project reaches the necessary capital for its execution, then a wallet is designated to deposit the funds of the project and initiate it. Otherwise, the funds are returned to the community.
Polls. They are surveys that may affect community funds, depending on their nature. But they are usually tools that represent the members' decisions about a specific issue. The curators will determine if a survey is successful when it reaches the necessary quorum.
Tasks. It is a function of the curators, to place the tasks visible to the members (usually through the dashboard of the application) and to evaluate the works issued by the members who decide to perform them. The tasks carried out successfully, are paid in NTV.
Types of Users of the Native Ecosystem
They are the administrators of the communities created within the Native ecosystem. As the name implies, they are in charge of approving or denying the contents that the members contribute through a voting system. They define the standards that regulate a community and ensure that the content complies with the regulations of the Community.
They are the users that are part of a Community and share the same interests and ideals of it. The votes of the members are those that decide changes in the policies of the community, as well as other tasks, such as replacing or choosing a new Curator.
Native already has 6 decentralized communities operating through its platform. Although they do not yet have a relevant number of members, they represent a tangible medium of this ecosystem and not a simple theoretical concept. Most of these communities allow their members to earn NTV tokens when they complete assigned tasks or projects.
Earth Guardians. A community dedicated to the protection of our planet and its natural resources such as water, air, and atmosphere; therefore, assure future generations a healthy and clean planet. Formed by adults and youth, who are responsible for providing education and tools for environmental conservation and to turn the new generations into leaders of their communities to ensure a better place to live and fight against the climate crisis and environmental pollution that affect our planet Earth.
SDG Futures. The Sustainable Development Goals, is a project for the United Nations, to promote prosperity and protect the planet. SDG Futures is a decentralized community that takes advantage of the Native ecosystem to implement strategies that promote economic development and address the social and labor needs of all countries that are part of the United Nations organization.
DOLO. It is a community for decentralized learning, focused on smart education. The DOLO community has a platform with access to courses and grants certificates that are stored in the blockchain. Members can vote for community projects and earn NTV tokens through tasks.
Imaginal Films. It is a decentralized ecosystem formed by movie lovers: viewers, filmmakers, and founders gathered with the aim of developing, producing and distributing films. It has its own token to encourage the development of films and thus eliminate intermediary companies that slow down the progress of the world of cinema, ensuring that audiences have direct participation with filmmakers.
The Rick and Morty Crew. It is a community formed by fans of the tv series "Rick and Morty", an animated sci-fi tv series about the adventures of a mad scientist (Rick) and his grandson (Morty) in parallel dimensions, temporal ruptures and space travel. Even though the main objective of the Community is not defined, I assume that like any fan club, it must allow access to show's collectibles (t-shirts, action figures, caps, gadgets, etc.), relative information, articles of interest on the episodes and perhaps even being able to influence on the fate of the show. It is important to note that the membership allows users to manage their own token and vote for the tasks, decisions, and projects of the community.
Peace Accelerators. It is a community whose main objective is to promote world peace through events, projects, and campaigns. Members can propose and support projects for world peace. It is formed by futuristic collaborators, with high moral and ethical principles. Focused on expanding the consciousness of the human being, promoting sustainable agriculture projects, and convert the day of world peace (September 21st) on the most festive day worldwide.
The three main benefits Native offers when creating a community are:
# Collect funds through the creation of their own token. Native allows members to buy, sell and transfer these tokens inside and outside of the created community.
# Make collective decisions. Native uses surveys for members of a community to make decisions necessary to achieve the community's objectives.
# Redeem the value of the token. Native allows their users to exchange the token of a community by other cryptocurrencies.
Native App is live!
Native already has its platform called Alpha App, for the creation and use of the aforementioned Communities. Providing all the tools to allow communities to thrive in a common social space, where they can share economic values. Use a Dashboard to display all the activities of the community (Projects, tasks, members, etc). This tool uses Web3 wallets, which serve as both identity mechanisms and token transactions.
A real use case of the Native ecosystem can become Zodiac into a decentralized community powered by the blockchain technology. Zodiac is a community of people who will be part of the first space nation. This community, currently, has its own constitution, flag, anthem, embassies, currency. However, being a futuristic project, it is necessary that this society enters the world of cryptocurrencies and blockchain, creating its own token and defining a decentralized and distributed structure that allows the integration and participation of all its members to improve all the aspects to consider in the constitution of this type of society.
The native token of the Zodiac community can be used initially to vote on the projects to be executed in the Zodiac space nation. It can represent the funds to support the construction of the space station, and in the future, be the cryptocurrency to be used in this futuristic society.
The projects will be executed based on Zodiacs Objectives ::
1. To Ensure the peaceful use of space
2. To Protect the Earth from space hazards
3. To Create a demilitarized and free scientific base of knowledge in space
4. The long-term objective of setting up habitable platforms in space
* Members can decide on decisions on budget expenses
* The members can decide the future governors, mayors and officials of the Asgardia government.
* They will also be able to make decisions about changes in the articles and legal aspects established within the constitution of Zodiac.
* Determine the new traditions for the inhabitants of Zodiac.
1. The curators will determine the tasks that members can perform, such as:
2. To Organise city meetings and events;
3. To Attend Zodiac conferences as a representative of their community;
4. To Establish relationships with local businesses, universities and technology experts;
5. To Broaden the Zodiac community in your area and reach out to new residents;
6. To become the principal contact between the Zodiac parliament and the community;
7. The creation of this virtual community within the Native ecosystem can provide the solution for the participation of all the members that wish to be part of this new space society.
Native’s ecosystem allows the use of blockchain technology in a completely new way, a totally social philosophy. Native works as a tool to gather individuals with a common purpose or interest and build communities, with its own economic system, based on the blockchain, which means that it is based on a decentralized, distributed and secure system, completely isolated from the interests of third parties, such as banks or government agencies, and the ability to make decisions through a system of autonomous governance. In this way, individuals can form cooperatives that generate dividends without border limits, oriented to the growth, prosperity, and participation of all members.
Here’s The Great Team
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