How to obtain NAT — Part 3: Receiving NAT incentives & how to improve your NR
On May 6th, 2019, Nebulas entered the next phase of its evolution by completing its first community vote and subsequently autonomously upgrading Nebulas Rank on the mainnet via one if its core technologies call the Nebulas Blockchain Runtime Environment(NBRE). This upgrade is important as it will allow for core functionality of the Nebulas Autonomous Token(NAT) program to begin.
Following this upgrade, Nebulas Rank(NR) will begin recording and storing the NR score of all addresses on-chain for the weekly NAT distribution to commence. The first NAT distribution will occur on Monday, May 13th, 2019.
With many users already pledging their NAS to receive NAT tokens — in fact within the first 24 hours, over 1 million NAS were pledged, it’s a good time to discuss other ways for users to obtain NAT tokens.
Obtaining NAT based on your Nebulas Rank
The NAT token is the embodiment of Nebulas Rank(NR) which is a core feature of the Nebulas ecosystem and the first algorithm designed to calculate value within a blockchain.
Since the NAT token is based on Nebulas Rank (NR), it makes sense to distribute NAT tokens to users based on their NR score. For users who want to obtain NAT via their NR score, it’s important for them to improve their Nebulas Rank.
Since Nebulas Rank calculates how much value an address adds to a network, it’s important that the address is actively used on the network by interacting with other addresses and DApps. NR score is calculated by looking at the liquidity of the address which essentially means the amount of NAS that flows through the address within a weekly cycle.
Since holding assets technically do not contribute to the active value of the network, be sure that your assets are not just sitting in an address but that they are actively utilized on the Nebulas blockchain.
If you would like to check your addresses previous Nebulas Rank score, visit https://nr.nebulas.io/nr/#/ and enter your mainnet Nebulas address.
For more information about how your Nebulas Rank will influence the NAT distribution and to calculate your amount, visit: https://medium.com/nebulasio/check-your-nr-see-how-many-tokens-you-can-receive-from-the-nat-airdrop-a45b0efdd697
Obtaining NAT by participating in on-chain voting
The NAT token has been specifically designed as a core component of Nebulas’ on-chain governance. It will be how community members around the world express their opinions about proposed projects on Go Nebulas, agree that a project has been successfully completed and even to choose members of the the Nebulas Council.
Since on-chain voting is a positive interaction for blockchain, we believe that those who vote should be rewarded. By voting, users are entitled to receive a NAT incentive for weeks in which they participate in the governance process.
In fact, once the first distribution cycle is completed on May 13th, community members will have the opportunity to utilize their new NAT via on-chain voting which will earn them incentive tokens the following week. More details will be announced soon so stay tuned!
For more details about the calculation used for incentives, please visit: https://medium.com/nebulasio/participate-in-nebulas-ecosystem-voting-receive-nat-incentives-7235fdc65439
For more information about the Nebulas Autonomous Token (NAT), check out these articles:
- How to obtain NAT — Part 1: How to Pledge your NAS — https://medium.com/nebulasio/want-to-get-nat-you-need-to-prepare-the-following-on-may-5th-part-1-465224f23af5
- How to obtain NAT — Part 2: How to Pledge your NAS via offline mode! — https://medium.com/nebulasio/how-to-obtain-nat-part-2-how-to-pledge-your-nas-via-offline-mode-add3172d940c
- Together, Let’s Decide The Future of the Nebulas Ecosystem — https://medium.com/nebulasio/together-lets-decide-the-future-of-the-nebulas-ecosystem-9c055c18dedc
- What you need to know about the Nebulas Autonomous Token and Nebulas Rank — https://medium.com/nebulasio/what-you-need-to-know-about-the-nebulas-autonomous-token-and-nebulas-rank-6ae8ff0d721
- Participate in Nebulas ecosystem voting & receive NAT incentives! — https://medium.com/nebulasio/participate-in-nebulas-ecosystem-voting-receive-nat-incentives-7235fdc65439
- Check your NR & see how many tokens you can receive from the NAT Airdrop! — https://medium.com/nebulasio/check-your-nr-see-how-many-tokens-you-can-receive-from-the-nat-airdrop-a45b0efdd697