Native

What is Native?

Native is a platform that enables Communities to realize their inherent value through unique community currencies and collective decision-making tools.

Native is building a set of tools for community-level decision-making and an efficient, low-cost process for each of these communities to generate their own local currency.

With those tools, community members can vote on what they’d like to create based on the mission of the community.

Ultimately, communities are the bedrock of Native.

What is crytocurrency and blockchain

a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds,operating independently of a central bank. And a blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions.

In summary

Native allows people without technical knowledge of cryptocurrency to create and use their own digital token.The tokens are transferable, reliable and work independently of centralized currencies.

Features of native

1.native pay rewards to network members based on their overall activity and that those members can redeem those rewards as either crypto or fiat currency. The underlying technology for that part of the system is the basis for Native, which they envision as being a Stripe-like service for rewards, where their partner companies uses APIs to disburse and manage reward payments to their customers.

1. This technology can be used for all sorts of use cases- community/social network projects like Narrative, donation-oriented services, and, of course, commerce apps where consumers purchase goods and services. By taking an API-based approach, Native’s mandate is to make it as easy as possible to integrate with other applications.

2. The Partner can decide how it wants to
   reward its end users. For a commerce company, rewards might be earned with each purchase made or perhaps only when a certain purchase threshold is met over a certain period of time. With Native, the Partner can literally design any kind of reward model it likes; Native is the toolkit/system that makes it simple to
   invoke rewards in any manner and to track those rewards in an immutable ledger.

native website

How Native will Work

Native partners will maintain a reserve of tokens to pay their customer rewards. When they use the Native API to invoke a new reward request, Native will transfer the corresponding reward from the Partner reserves account and credit it to the associated customer.Each reward request requires a transaction fee, payable in PEP, equal to a percentage of the value of the reward.The end users/customers can accumulate rewards from all Native partners they use.Thus, Native operates as a rewards network, allowing users to consolidate
rewards across many partners. They can see their rewards totals from each Partner and claim those rewards as crypto or fiat whenever they like. In addition to rewards paid directly by
Partners, Native pays end users a separate Global Reward, based on the aggregate of
all of their rewards for the previous month. This is funded using a portion (20%) of the transaction fees paid by the Partners, as well as through the minting of new PEP tokens over a 26 year term. Thus, end users share in the revenue of the system, based on their overall activity across all partners. To be clear, these
rewards are not based on number of tokens owned, but on the amount of rewards the consumer earns through our partners. Consumers earn rewards directly from Native’s partners, but also via the Global awards system that Native manages.

How native can change the relationship between communities and economy

Native democratizes the process of decision-making within a community. It gives communities a way to decide what they value and how to cultivate its growth.

Native provides templates which suit various types of Communities’ needs. It ensures that even those with limited economic and technical knowledge can participate in emerging financial ecosystems. The Native Ecosystem is comprised of the Native Token and Community Currencies. Tokens within
Native are deployed as Bancor Smart Tokens that means they hold a reserve in a base currency. Native Token (NTV) is the Base Currency for all other Currencies on Native. It has created a framework for providing accurate valuations of Communities. Native
provides Communities with an intuitive interfacee that enables effective and
transparent decision-making. Native provides the fundamental structure for valuing and operating Communities, through their own local currencies and a set of decision-making tools.

native website

Software
Native will be completely decentralized and the software will be open source. It will be a powerful new application on the NEO blockchain.

Native origin

Native is founded by Jake Vartanian, who first encountered crypto in 2011 when a college friend told him about Bitcoin. At the time Jake was pursuing a degree in finance, and was intrigued by the notion of software that enabled open value networks, which are systems that enable exchange in a disintermediated fashion. So, he purchased some Bitcoin and sent them to a friend across the country. Remarkably, a few hours later the transaction was successfully completed.
Jake watched as more and more cryptocurrencies emerged, all with similar value propositions: software protocols that created distributed ledgers of recorded transactions. Some cryptocurrencies grew in popularity, demand, and market capitalization. Others fizzled and faded away. It was evident that the technology itself had significant implications, but the technology alone did not logically justify why cryptocurrencies like “Dogecoin” were becoming valuable. Upon reflection, one meaningful distinction emerged: it wasn’t just the technology that was making the coin valuable.it was the quality, cohesiveness, and commitment of the community that was creating the value.

In 2017 Jake had the opportunity to work with Bancor, an organization that set out to enable instant liquidity for tokens of any size market cap without needing to be added to a centralized exchange. Through algorithmic market-making functions, the possibility for Native emerged — the ability to create and deploy independent economies for groups of any size, that can build value through the organization of the community, and simultaneously be plugged into a liquidity network that helps to price each economy’s value in a global framework.

Two-Token Model

Native will run on the public NEO
blockchain and utilize two tokens to
supports its service. The Native (NTV)
token will be the primary currency for
reward payments and the PEP token will
be used for the transaction fees of the
system.

Native2018

Source

native medium
native website
native white paper
native ico
Introducing native
blockchain
native platform