nOS Whitepaper Summary & Details
This week we released the nOS Whitepaper. Here’s a summary of the key points.
If you want to build a dApp on nOS, check out the developer documentation and join the nOS community on Discord!
Recently we released the nOS whitepaper (check it out here), and the community feedback has been fantastic.
We understand not everyone has the time to go through the 30 pages of our paper, so in this post we’re summarizing some key points to give you a better understanding of the nOS ecosystem and TGE details.
We also released our beautiful redesigned nOS Client v0.3 featuring over 120 new features, fixes, and changes! More details about that in our next post.
nOS Presentation Video
First, we recommend watching the nOS announcement presentation from April 14th, which explains some of the key principles of nOS.
nOS dApp Infrastructure Diagram
This diagram from the whitepaper displays how nOS serves as a full-stack solution for blockchain-powered dApp development, deployment, discovery, and interaction.
Smart Contract Powered Open-Source Backends
On nOS, applications and websites can be deployed in a completely open and decentralized manner by integrating smart contracts, client-side code, and public-key cryptography.
Unlike server-side backend code, smart contracts can be open for all to read, allowing users to review how their data will be transmitted before any final commitments to action.
nOS APIs support the building of dApps on NEO, and will support Ethereum and any other platform that dApp platform that developers would want to use.
nOS Filesystem
Client-side code and other frontend materials can be distributed via nOS Filesystem, a decentralized file sharing protocol that allows for secure and transparent distribution of static files.
By serving both backend logic and frontend material in an open-source, decentralized manner, true transparency between user and application can be achieved.
nOS Client & Browser
dApps that are deployed to nOS can be accessed through nOS Client, a software solution for desktop and mobile that (among other features) introduces nOS Browser. nOS Client is live and available for download here.
nOS Protocol
nOS Browser functions as a web browser, with the added benefit that it integrates with the nOS Protocol, a blockchain-powered web protocol that facilitates secure and open accessibility of nOS dApps.
The nOS Protocol resolves domain names that exist on nOS Name Service, a blockchain-powered decentralized implementation of a Domain Name Service, and allows for dApps to register domain names which are discoverable on nOS (e.g. my-dapp.neo or my-dapp.eth).
dApp Gateway
The dApp Gateway is a user-friendly dApp discovery platform (or “App Store”) where rankings are decided in a completely decentralized manner via Decentralized Authority.
nOS Utility Token
In order to achieve the features such as the ones described above, nOS is powered by the nOS Utility Token.
The nOS Utility Token employs various staking and reward utilities which are intended for developers who wish to deploy and maintain dApps on nOS, and for end-users who wish to practice governance by Decentralized Authority.
Automatic Token Conversion
nOS eliminates the need for end-users to manually exchange crypto-currencies in order to make use of various dApps. By integrating crypto-currency exchange APIs, nOS Client automatically converts primary blockchain platform currencies (e.g. NEO/GAS for NEO, ETH for Ethereum) into the required amount of application tokens that are needed to make specific transactions or invocations.
Selective Supply Increase
In the future, the nOS token supply may increase periodically to valuable participants in the ecosystem:
Exact amounts regarding Selective Supply Increase are to be decided, but can never exceed 5% per year.
This feature excites us as (among other features) open-source and free-to-use applications can generate revenue simply by being high quality. This means less ads and other intrusive business models, thanks to a completely new kind of revenue stream that rewards quality and reputation.
There are many more features which you can read about in the whitepaper.
Token Metrics
- Users can only participate in the Token Generation Event via nOS Client.
- The TGE has no soft cap. The public sale hard cap is $15,750,000 USD.
- NEO and ETH are accepted during all stages of the TGE.
- During the TGE, individual participants of the public sale presale can mint up to approximately 90,000 nOS tokens in total.
- The presale allocation tiers are as follows:
Tier 1: 90,000 nOS
Tier 2: 45,000 nOS
Tier 3: 25,000 nOS - No bonuses or discounts are applied to any stages of the nOS Token Generation Event with the exception of the angel allocation (NEO Global Capital). The angel allocation entails a 20% discount on tokens purchased and a 20% vested bonus on the amount paid pre-discount. The angel allocation is vested following the Private Sale Distribution Model, and the bonus for the angel allocation is vested following the Locked Token Incentive & Reserve Distribution Model.
Community Response
Here are some of our favorite community responses so far!
As always, thank you for your support! We have a lot of exciting stuff coming up. And you, our community, makes everything possible.
Join us on Discord if you ever want to reach out to the core team, contributors, nOS dApp developers, or just want to chat!
