How to buy Nebulas(NAS) and what is it used for? An in-depth guide on NebulasCoin
Nebulas is a decentralized search framework with the goal to provide a more transparent ranking of blockchain assets, which are used as an engine for creating decentralized applications (DApps). Nebulas were founded by Hitters Xu, who also founded NEO. It uses a Proof-of-Devotion consensus algorithm for transactions and has its own platform token called NAS. In this article, we will discuss how to buy Nebulas(NAS) and what it can be used for.
What is NebulasCoin?
NAS coins are the native token of Nebulas. NAS can be exchanged on digital currency exchanges, and traded against other cryptocurrencies like Bitcoin or Ethereum. It has a total supply of 100 million tokens at this time with an annual inflation rate of .26%. Users will get to vote on future updates to the blockchain.
The goal is to create a blockchain search engine that gathers data from across all blockchains in order to make things easier for developers looking for information about projects or ICOs. It has 100 million tokens with an annual inflation rate of .26% and users get voting rights based on their stake in the system making it one of the few decentralized applications where you actually have some voice in how things turn out.
Who is the team behind Nebulas?
Nebulas is created by Hitters Xu, the same man who also founded NEO.
How to buy Nebulas (NAS)?
Step 1. Register on Coinbase and get $10 free
Registering an account on Coinbase will allow users to start investing in cryptocurrencies.
Coinbase is a US-based cryptocurrency exchange that provides access to Bitcoin, Ethereum, Litecoin, and much more.
First of all register for the service by providing your email address, password as well as adding a payment method such as a credit card or bank account.
Step 2 Buy BTC with your credit card or bank deposit
Once registered select “buy/sell” and then choose which coin you want, in this case, we would buy BTC in order to proceed to the next step. Select how much money you would like to spend and click “Buy”. You are now officially invested in BTC.
Step 3. Transfer your BTC to Binance.com
In order to buy Nebulas on Binance, you’ll first need to transfer your Bitcoin from Coinbase into Binance.com. So head back over to Coinbase and request a “withdraw” to your Binance wallet adress. You will then be given a box with a “Confirm,” section where you can enter in how many coins or dollars worth of cryptocurrency that you wish to withdraw. Then click start transaction, confirm it and complete the process by clicking withdraw funds after which point all of your money should have been transferred into binance.com!
Step 4. Trade your BTC for NAS on binance.com
After your Bitcoin has been transferred over to binance.com, the next step is to trade it for NAS coins! So head on over to Binance and click “Exchange” where you will be met with a box that lists all of their various trading pairs – simply search for BTC/NAS or if you are feeling ambitious type in NAS first then select the Bitcoin tab below.
Simply enter the amount you want to trade and confirm it.
Wrapping things up
You may be wondering, “why should I buy Nebulas (NAS)?” Well, you could use the NAS token to purchase goods and services on their platform. The more tokens in circulation, the higher their value will become for both traders and consumers of those goods or services. And with over $100 million raised so far from institutional investors like Sequoia Capital China, we are confident that this is a good investment opportunity. So what do you think? Are you going to buy some Nebulas (NAS)? Why?