Overview: Nuls (NULS) the Adaptable Blockchain for Enterprise Solutions. Should You Invest?

by birtanpublished on September 19, 2020

Hello litigants and welcome to this overview of the nose project now nose is a deductible blocking solution for enterprises and today's 17 of August as always thank you very much for watching this video I do hope it will be useful indeed and as always we'll begin with

The basic information about the North boxing who they are and what they're trying to do and what the trying to do is to provide businesses with a platform for creating and deploying different decentralized applications so in that

Regard we do have quite a lot of projects trying to do that now nose is an open source project with a highly modular blockchain infrastructure now they're going to provide a series of different solutions for those businesses

And that included functional modules smart contracts multi-chain mechanism and cross chain consensus so they do have a bunch of technologies that being used now the sidechain usage that would pretty much make noise to stand out from

The competition and it is a main way of reducing the burden on the main chain in this block chain now noise was launched in September 2017 now until the usage and the tokens the nose is pretty much a mning to reduce the cost of the play

Generating and deploying the centralized applications and at the same time they're trying to make it very easy for the developers to customize the applications for different business applications so the main features of the

Nose ecosystem is multiple chains so that means you can have a exchange of data and value between different change smart contracts obviously just as a serial nose does incorporate smart contracts and for that there are using

No svm in a decentralized environment they do have proof of credit which means you will need to lock the tokens to actually run a node and in this way they are planning to create a demand for the tokens and then obviously high

Customization and upgrade ability something that a lot of auctions are trying to achieve but not many really are able to actually do that now like I said before the no Stoke will be used to support the nose based

Applications pay for the application costs platform exchange for sub chain digital asset so it's gonna be like a token is gonna be used to exchange one token in two different tokens obviously it's gonna support the nose development

The road miners and pay the transactions fees at the believed the transactions fees are the most important point because that means if the project is popular if the production is used lets you create the demand for the no tokens

Enter the development I said he modified this video by the way the presentation is a little bit different of reasonably better that weights of the main network has been unsuccessfully very recently the launch was celebrated in the

Official conference in Benjen where 300 delegates actually attended so it was a very big event pretty good event for nose in general the new version of the main network wallet was also released very recently

Well the nose main network version 1.01 was released a few days ago and then I was the video premiered a week ago our future work includes more contract module ecosystem improvements and chain factory launch the change factor

Basically allows for creation of the customizable side chains and connecting it to the main network all of that should take place in 2018 so this even though it's only a few months left of 2019 it's a very busy development

Schedule for moles further work includes new modules more sites chain and general ecosystem expanders what that more after 2018 availability and price of the tokens knows is listed on few significant exchanges of the main one

Being by far the most popular one is the Bynum's where we have 76 percent of the volume going through it then we have the likes of busy KO chair X okay X it's also listed on qu coin q BTC and Dragon X but if you do

Wanna purchase any significant amounts you will pretty much have to do it through violence Bitcoin is the most popular pairing but also paired with Heather is cerium B & B obviously on the finance exchange

And you can also buy to the Fiat if you are based in China current price as of 17 of August if it's August already by the way is around $1 52 cents with the nose being around on 97th place so just inside the top hundred n terms of the

Market capitalization and the market cap of around 61 million at a time this video 40 million of the hundred million of tokens is currently in the circulation meaning 60 percent of tokens will still be released about it over it

Will happen very slowly and at a very controlled rate by the company that's actually responsible for the technology in terms of the price nose has been doing quite similar to Bitcoin this year an overall usually out Prince tend to

Struggle a bit more in the bird market and I think considering that nose has been doing quite well obviously the all-time high is way way higher than the current price almost what six times as much but that was achieved on 10 of

January so it's been quite a while since that top of the price was achieved and actually if we compared to Bitcoin the US has not been that significant so pretty good for an out point obviously not good for an investment some

Additional aspects of nose never actually had an ICO instead they added up 40 million dollars into the bonus exchange which would explain why it's the most popular coin in terms of the volume on the balance well when compared

To other exchanges the price initial was $1.00 per coin there was also funding from the community and business partnerships as well which basically means they do have enough money to push the project forward even though they did

Not have an ICO there are currently around 28 employees according to linked and they do have offices in China and Singapore but are expanding and United States Australia Korean Ireland so they're very busy with expansions and

Very busy with new employees there's a lot of competition in this segment something that we need to remember there is a lot of variation in the competition we have projects like other Stratos nameless crowning arching elf all of

Those are trying to do pretty similar thing obviously Syria many are there as well as the top-of-the-range dog scene projects even though nose is slightly more tailored for businesses some are

Verdict engines of the project so nose is certainly an interesting option and I would say a very promising project overall even even though the development started a long time ago I mean it was just at the instance 17 the project

Already has main Network life which is more than most of the production projects out there half now the team is very large they're expanding quickly and the development is planned out very nicely and going very well

I do feel the biggest projects with this project is simply the competition there are quite a lot of customizable Bach genes that are specifically tailored for companies and knows currently doesn't stand out in my personal opinion which

Could be a problem in a long run now the valuation for knows at this moment is quite reasonable considering the development stage and a potential but I do feel some of the competition looks just as promising if even not more

Promising I'm looking mostly at drag and chain because of the valuation in Jordan chain is far lower if you are looking for something more stable and more you know already established and the likes of Stratos or neo are there as well so

Overall it's a good project potentially a good investment even though it's not a financial advice but I feel if he read more about these projects and you like it then certainly it's one of the very good blockchain solution investment

Options even when you compare it to the competition as always thank you very much for watching this video I do hope it was useful indeed and I'll see you in the next one I did Ivy Church bye

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