The Nebulas Incentive Program Starts Now with Nearly $3 Million in Rewards

Nebulas
Nebulasio
Published in
5 min readApr 27, 2018

The Nebulas mainnet launched on March 30, 2018. To foster a sustainable and healthy ecosystem, the Nebulas team is committed to encouraging more developers to continue to build more and higher quality decentralized applications (DApps) on the Nebulas mainnet.

In the spirit of giving everyone the chance to benefit from the fairness of decentralized collaboration, we are launching the first installment of our global Nebulas Incentive program to encourage people who share our values to help build the Nebulas blockchain. This program consists of two streams:

  • Developer Incentive. Global developers are invited to build projects on top of the Nebulas blockchain and they will be rewarded in NAS.
  • Referral Incentive. This a global referral program where referrers who successfully invite developers to our ecosystem will be rewarded in NAS.

Blockchain development has never been easier. With Nebulas, everyone can develop their own applications on the blockchain. Only Javascript and an afternoon cup of tea are required to develop your first DApp.

We believe that everyone has the power to accelerate the growth of blockchain. Everyone can accelerate the growth of Nebulas, and anyone who shares this belief with us can benefit directly from our new incentive plan.

Schedule for the first season of the Nebulas Incentive program:

09:00 AM, May 6th, 2018, to 09:00 AM, July 1, 2018, Pacific Time

Total prize pool:

460,000 NAS (equivalent to approximately $2.8 million USD, according to April 25 prices)

How to win developer rewards:

If you want to participate in blockchain development, you only need to submit a DApp that can be run, has an interface, and does not infringe on the intellectual property rights of others, and you can get a 100% reward.

In addition, every time a developer is referred and successfully builds an application on Nebulas, the referrer will get a reward.

Rewards:

Developer Incentive:

Monthly Championship:
20,000 NAS
(equivalent to approximately $120,000 USD, according to April 25 prices)

Excellent developers have the opportunity to join Nebulas Labs. We are here to help you achieve success with your project.

Weekly rewards:

Weekly Champion: 10,000 NAS (equivalent to approximately $60,000 USD, according to April 25 prices)
Weekly 2nd Prize: 5,000 NAS
Weekly 3rd Prize: 3,000 NAS
Weekly Excellence Award: 300 NAS (20 winners)

New Application Award: Get 100 NAS for every valid DApp submitted

Referral Incentive:

Referral reward: Community members who successfully refer developers to build on NAS are also rewarded. When a referred developer successfully submits their app to Nebulas, the referrer will receive 40 NAS + a 20% commission based on the developer’s reward.

Monthly rewards:

Referral Champion: 10,000 NAS (1 winner)
Referral 2nd Prize: 2,500 NAS (2 winners)
Referral 3rd Prize: 1,000 NAS (3 winners)

About the Nebulas Incentive

Nebulas is a next-generation public blockchain dedicated to accelerating the establishment of a virtuous ecosystem for sustainable development. It features a forward-looking incentive design, Developer Incentive Protocol (DIP), and consensus mechanism, Proof of Devotion (PoD). To ensure the safety of the assets of users on Nebulas, before formally launching PoD, the Nebulas mainnet has temporarily adopted the mature DPoS consensus mechanism.

Nebulas is built by the community and belongs to the community. The Nebulas blockchain upholds the principle of increasing the interests of all participants in the entire Nebulas economy. To encourage the healthy and continued development of the ecosystem, the Nebulas team has established a “Nebulas Incentive Foundation” funded on a daily basis by NAS tokens derived from DPoS bookkeeping.

With this incentive plan, we hope to find and nurture the future champions of blockchain development — those special developers who will lead and inspire in this transformative technology shift. Nebulas selects outstanding DApps according to our algorithm. By encouraging developers to create on Nebulas, we will contribute to the overall development of blockchain, and give every participant in the Nebulas ecosystem the opportunity to benefit for the long term.

About the Nebulas mainnet:

Nebulas is a new generation public blockchain committed to building a collaborative ecosystem with sustainable upgrading.

The Nebulas blockchain has three major concepts:

1 Value Ranking

To enable value discovery in blockchain, Nebulas Rank measures multidimensional data in the blockchain world and powers the decentralized search framework.

2 Self-evolution

To avoid the damage caused by forking to the blockchain, Nebulas Force enables rapid iteration and upgradability to its blockchain without the need for hard forks.

3 Native incentives

With forward-looking incentive and consensus mechanisms, the Nebulas Incentive rewards developers and users who contribute to the sustainability and growth of the ecosystem.

The Nebula 1.0 Eagle Nebula mainnet has all the features of Ethereum and surpasses the second-generation blockchain in several ways:

Nebulas is developer-friendly and supports the use of JavaScript to write smart contracts and DApps, making it easier for anyone to get started;

Nebulas is the only blockchain that implements the world-renown LLVM compiler, features superior performance through concurrent technology, with a transaction processing capability of 2000TPS.

Nebulas is more secure, stable, and has strong expandability. It also provides novel measures to invoke smart contracts and upgrade protocols.

More details here:

How to Build a DApp for the Nebulas Incentive Program (Demo)

Implementation Details of Nebulas Incentive Program Season 1

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Nebulas
Nebulasio

nebulas.io / Nebulas is a next generation public blockchain, aiming for a continuously improving ecosystem.