Introduction

Bitcoin has had a significant influence on the present monetary system following its lunch on 2009,since then there has been an estimated amount of 1500 different blockchain presently competing in the blockchain business ,on the year 2017 there were about $4billion generated from the creation and issuance of new tokens ad ICOs, with an even higher amount this year more than its previous year.abound all of this great development there are still some pitfalls that has been addressed by the native program that is the issue of zero structure for non technical communities to create their own currencies and no mechanism to value them against each other on the global market,additionly largrly sysyems cannot meet the specific needs of its users .

Native Overview

Native aims at providing a backbone to the new communities tokens or coins adding value to it and its operations on the global market. native went on to provide templates for users with little or no economic and technical knowledge can participate in any community they choose .

Creating communities is one of the most important aspect of Native, that means that users can create their own communities on this platform as long as the group has a similar interest.

User Types

There are two user types that exist in this platform,it include these;

• Curators
  These are the leaders in every community they act as executives and make decisions based on its relevance to the original vision of the community,therefore they can deny proposals from the members if it deviates from the communities vision and aim.

• Members
  They members are very important cause they aid to the success of each community,the join and participate on communities that align with their interests. they members also have the right and power to change a curator under a very serious default.They are also the ultimate decisions makers regarding capital deployment and other critical decisions.

Native Core Features

1.Generation of capital on the platform through the token issuance.
2.Decision making in the Native platform is collective,using polls and escrow features.
3.Members in each communities can redeem their rewards by completing tasks in the community they belong to.

Below are a few other features of Native platform.

Deposits

Funds revived either from members or curators are split into three different wallets based on the token contract.The token split method is determined by the communities on its creation,each community also have its unique token split,then the new token which is being converted to is now generated and transferred to users wallets.

• community fund
• smart token converter
• connector balance

Redemption

In a case where community members want to withdraw their tokens or leave a community,due to the smart token protocol,their reserves are used to settle them.the community token will not be touched even though such individual belong their rather their reserve.The base token will now be sent to the users wallet.

Token pricing

A tokens price is calculated using three variables

• Connector/reserve balance
• Outstanding supply
• connector weight
  the CW(connector weight) ranges from 0-100%. the lower the weight the higher the volatility,but these can be modified buy communities curator.

Here is what a Native looks like in real life with its members and curators:

Native ecosystem Architecture

Native society is built under the following landmarks with its native token and currencies.Both have the same functions and minor differences that will be explained below:

Token Design

Tokens which are first lunch in native are lunched as bancor smart tokens cause it reserves a base in currency.With the help of this reserve and an autonomous market-making algorithm,transactions can be carried out on any of the two tokens in Native on a transparent and fair market price.

The smart token makes use of the continuous token mode(meaning that they create and mint new tokens and destroys it afterward.This method is advantageous cause it retains the token stability and the demand for this new tokens will be ever high cause it very necessary for transactions, A continuous model has three major benefits:

1:instant liquidity for tokens at calculated price.
2:Accurate indicators a of market size and activity.
3:Currency based on tangible results,rather than on speculations.

Native Token

Native token is the base token on this platform,it provides membership to the native community.NTV tokens are also present in the (BNT).
native token split will take this formula
community fund-50%
smart token converter -50%
10% connector weight is initially include in this split.

Community Token

community token are the local token for each community,though some reserves are situated at the native token.for more information regarding the arrangement of these tokens see the info graphic.

Community Types

Based on the interest of individuals,there exist too many categories,where users can choose to engage in:

• Events
• charity
• local theater
• NGOs
• community funded projects

Conclusion

The importance of native can never be stressed enough causes it involves communities,its governance and organizations area aimed to help improve community efforts through the issuance of token and token sale.

this contest was oragnized by @originalworks,here is also the contest link

For more information please visit the links below

native website
native platform
native whitepaper
native medium
native telegram
native reddict
native facebook
native twitter
native youtube

native2018