What is Nabox? Learn more about the Nabox project and the NABOX token

• Overview of the Nabox . project
• What is Nabox?
• Highlights of the Nabox . project
• Products of Nabox
• Roadmap of project Nabox
• Development team, investors and partners
• Overview of the NABOX . token
• What is NABOX token?
• Functions of the NABOX . token
• Where can I buy NABOX tokens?
• Potential of the project
• summary

Overview of the Nabox . project 

What is Nabox?

Nabox is a cryptocurrency storage wallet with cross-chain communication capabilities and a decentralized identifier (DID) for Web 3.0 platforms . This project was created in 2018 by the NULS Foundation team.

With Nabox, users can manage their assets including transferring and creating signatures on different chains, including Ethereum, BSC, Heco, NULS… From there, creating a platform that provides cross- chain of NerveNetwork (another NULS project). 

Thanks to the Nabox plugin, users can seamlessly use their digital assets across different chains with just one click. The development team hopes this will be the driving force behind BSC, Heco, OKExChain, NULS and other blockchains to have higher performance in closer integration with Ethereum Layer 2 infrastructure.

By solving the problem of cross-chain compatibility, Nabox team is working day by day to become an important part of the DeFi ecosystem as well as being able to serve users in their daily lives. .

Highlights of the Nabox . project

• Cross-chain Swap: Easy with just one click
• Multi-Protocol Compatible: Works well with Metamask, Wallet Connect and various Dapps 
• Multi-chain support: Supports digital asset management on Ethereum, BSC, Heco, OKExChain, Polygon, Harmony, KCC, NULS, Nerve…
• Decentralized code format: For management on the whole chain and for KYC purposes in the near future
• User Base: The current active user base is over 40,000 people.

Products of Nabox

Below is an illustration of the product structure:

As a cross-chain wallet, Nabox is trying to achieve compatibility with the majority of existing Dapps on different chains, allowing seamless transfers and swaps, while providing users with a secure and secure experience. effective.

Network layer

This layer aggregates a large number of Dapps on different chains, including Ethereum, BSC, HECO, OKExChain, Nerve, NULS, and more chains coming soon.

Contract class

Nabox connects to different public chains, generates an address for each chain, requires only a single private key, allows internal transfers but at the same time achieves cross-chain functionality through Nerve.

Application class

The application layer consists of 3 main modules: cross-chain transfer, cross-chain swap and Dapp plugin.

Cross-chain transfer

Nabox facilitates cross-chain transfers and NerveNetwork bridges the gap via API for each chain. Virtual banks (created on Nerve consensus nodes) are used to create and manage cross-chain contracts, and are also responsible for verifying and performing transfers from other chains. 

Cross-chain Swap 

The main capabilities of Nabox Swap are supported by 2 main components: Nabox Aggregator and Nabox Pool. Nabox Aggregators are implemented to help users find the most efficient trading routes on their respective networks. Meanwhile, Nabox Pools allow users to achieve 0% slippage through NerveNetwork's cross-chain capabilities. 

Plugin Dapp

The Nabox Pools consist of stablecoins and other assets belonging to various chains on NerveNetwork. This AMM mechanism supports low slippage, opening up new possibilities for cross-chain swaps. 

Roadmap of project Nabox

The development roadmap of the project is divided into 4 phases, in which, the project has gone through the first 2 phases.

In the 3rd phase (Q4 2021), the project team will support swap feature on different chains. Besides, Nabox will participate in the DOT ecosystem and support for parachains. In the 4th phase (in 2022), Nabox team will support the development of decentralized format code

Development team, investors and partners

Development team

Ang Kang Wei is the leader of the Nabox project. He is a Singaporean entrepreneur and digital marketing expert. Besides, he is also the founder of Kaizen Digital Media - a professional marketing organization and Faster Capital - which supports startup projects.

Investors

The project is invested by large organizations such as OKEx Blockdream Ventures, LD Capital, K300 Ventures, Damo Labs, PrimeBlock Ventures, AC Capital, CatcherVC, ZB.com and Scorpio VC.

Partner

This information is being updated

Overview of the NABOX . token

What is NABOX token?

The NABOX token is the native token of the Nabox ecosystem.

Nabox token details:

• Code: NABOX
• Blockchain network: NULS (NRC20)
• Total supply: 1,000,000,000,000 NABOX tokens
• Initial Token Circulation: This information is being updated

Token allocation and payment schedule:

• Team: 15%, 150,000,000,000 NABOX tokens (unlocked in 3 years respectively)
• Liquidity mining: 60%, 600,000,000,000,000 NABOX tokens
• Institutional Investor: 20%, 200,000,000,000 NABOX tokens (unlocked in 18 months)
• Airdrop to the public: 5%, 50,000,000,000 NABOX tokens (rewards for Nabox supporters and those who actively sign up for DID) 

Functions of the NABOX . token

• Users can provide liquidity or stake their NABOX tokens for profit. As the user base grows, more pools and farms will be built based on user needs.
• Holding NABOX tokens will help users have many different DIDs, for many different uses.
• As soon as the governance module goes live, NABOX tokens will be used for voting.
• At a later stage, transaction fees will be charged on swaps and the proportion of NABOX tokens will be destroyed.

Where can I buy NABOX tokens?

Currently, investors can buy NABOX on exchanges such as MEXC, LBank, PancakeSwap (V2), ApeSwap (BSC), Biswap…

Potential of the project

Nabox is a gateway to Web 3.0 applications, has successfully integrated the basic cross-chain of NerveNetwork, allowing the transfer of cross-chain assets registered in NerveNetwork to other blockchains such as Ethereum, BSC, Heco Chain and OEC .

Although it has just experienced a rather hot growth, with a low market capitalization when compared to predecessor wallet projects such as TWT, SFP and C98, along with a stable transaction volume as well as a steady increase in the number of holders, Nabox is expected in the near future to be one of the promising Web 3.0 projects with impressive growth.

summary

The vision of blockchain is to build a place where projects when interacting with each other will not face any barriers. However, with countless different chains vying for dominance, fragmentation is taking place in the industry. 

With Nabox, users can spend their digital assets on different chains with just one click. As a result, the project team hopes to become a supporter of high-performance blockchains, allowing them to more closely integrate with the Ethereum Layer 2 infrastructure.

For more information about the project, please refer to the following communication channels:

Website | Twitter | Telegram | Discord | Medium | GitHub | Forum | White paper

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