Nabox Litepaper Released
Litepaper is a shortened and concise version of a whitepaper, applicable to both technical and business whitepapers. This allows users to read the fundamentals of a project at a shorter time.
Cross-chain DeFi wallet with DID capabilities built for Web 3.0, Nabox release its Litepaper. Nabox was originally created in 2018 as an incubated project by the NULS Foundation. Originally built to serve users of NULS, Nabox’ userbase has seen continuous growth as the NULS ecosystem develops.
Let us go deeper how Nabox Ecosystem works:
- Nabox strives to become a vital part of the DeFi ecosystem, and gradually serving users in
use cases outside of DeFi as well - Nabox users are able to manage and sign their digital assets across various chains
with a single DID (Decentralized Identification)
Advantages
- One-click cross-chain for easy swaps across different chains
- Works with Metamask, Wallet Connect & various DApps
- Supports ETH, BSC, HECO, OKExChain and various DApps on the
NULS ecosystem - Decentralized Identifier for management across chains and KYC
purposes in future - Current userbase: 40,000+
Network Layer—A compilation of the largest number of DApps across
various chains, currently including Ethereum, BSC, HECO, OKExChain, Nerve, NULS, and others
Contract Layer—Nabox connects to various public chains, creating an
applicable address for each chain, all requiring only one private key, allowing internal transfers and yet at the same time achieving crosschain functions via Nerve’s cross-chain capabilities
Application Layer—Consists of 3 main modules, Cross-chain transfer, Cross-chain swap, and DApp plugin.
Nabox facilitates cross-chain transfers with NerveNetwork as a bridge, via an API for each chain.
Cross-chain Swap—Its main capabilities main capabilities are facilitated by two main components Nabox Aggregator which is deployed to help users find the most efficient
routings on corresponding networks and Nabox Pool which allow users to
achieve 0% slippage via NerveNetwork’s cross-chain capabilities
NABOX Utility Token Use Cases
- Users can provide liquidity or stake their NABOX tokens for rewards. As the userbase grows, more pools and farms will be started based on
user demand. - Holding NABOX Tokens grants users various DID tiers, which allows for several different use cases.
- NABOX Tokens can also be used for voting purposes once the Governance module is ready for use.
- At a later stage, transaction fees will be levied on swaps and a percentage of NABOX Tokens will be burn
NABOX is a NRC20 token built on the mainnet of NULS. It is useable across various chains and is the governance token of Nabox. It can be used for voting on product features as well as various other scenarios.
ABOUT NABOX
Nabox was originally created in 2018 as an incubated project by the NULS Foundation. Originally built to serve users of NULS, Nabox’ userbase has seen continuous growth as the NULS ecosystem develops. NABOX is a NRC20 token built on the mainnet of NULS. It is useable across various chains
ABOUT NULS
NULS is an open-source, enterprise-grade, adaptive blockchain platform that offers fast-track business solutions for developers.Its is sets a new industry standard in streamlining blockchain adoption
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