With the creation of Bitcoin and the subsequent cryptocurrencies, a completely decentralized, unalterable, transparent and secure economic system was born, independent of the intermediation of governments and banks. Creating a monetary ecosystem with a current value of 300 billion dollars, completely accessible to anyone.
Jake Vartanian, the founder of Native, realized that blockchain technology attracted a group of people with a common goal, to obtain dividends or monetary value. But beyond that, Jake understood that this technology could be used with a more transcendental meaning.
It was during his stay in Indonesia, when he met an ice cream man seller who wanted to expand his business, by offering his products at festivals in this country. But for this, he should fill a series of requirements, which were impossible, to get a loan from a bank to start his business. Jake decided to lend him the $100 needed to start his business. Fortunately for Jake, the individual's business paid off and doubled his investment. But at the time of returning the money (the $100), it became impossible at the time, since the rates of bank transfers or Western Union, were exorbitant.
This made Jake see that the blockchain had the power to improve transnational transactions, without the need for intermediaries and with much lower rates than conventional ones. And beyond this, the blockchain technology could be expanded to a more sociological and philosophical concept, oriented to communities that share a common goal. In this way, the Native platform is born.
The objective of this article is to introduce and make known to the reader the Native ecosystem and its capacity to create autonomous, prosperous, borderless communities with their own economy or token.
Native offers the technological structure, powered by the blockchain of Ethereum, to create, build or be part of social communities with common interests. Providing the necessary tools to create their own economic system or monetary fund, based on their own token and put into operation the projects and complementary tasks of the community. In addition to this, it also has voting tools to allow the community to make decisions democratically and decentrally, about the use of funds and other tasks or projects of the community.
In this way the Native ecosystem allows the collectives to create their own Community, capable of managing funds with a common goal and giving the real character of it, by including the economic aspect, supported by a system of decentralized governance decisions. It is important to note that the Native platform has simple templates that allow users, without having to have technical knowledge, create communities, projects, and polls.
The three main benefits Native offers when creating a community are:
Collect funds through the creation of their own token. Native allows members to buy, sell and transfer these tokens inside and outside of the created community.
Make collective decisions. Native uses surveys for members of a community to make decisions necessary to achieve the community's objectives.
Redeem the value of the token. Native allows their users to exchange the token of a community by other cryptocurrencies.
Types of Users of the Native Ecosystem
They are the administrators of the communities created within the Native ecosystem. As the name implies, they are in charge of approving or denying the contents that the members contribute through a voting system. They define the standards that regulate a community and ensure that the content complies with the regulations of the Community.
They are the users that are part of a Community and share the same interests and ideals of it. The votes of the members are those that decide changes in the policies of the community, as well as other tasks, such as replacing or choosing a new Curator.
Native Ecosystem Architecture
Before delving into the former concepts, it is necessary to explain the general design of the tokens within the Native ecosystem. All tokens are created as Smart Tokens, which use the Bancor Protocol. The Smart Tokens are tokens compatible with the ERC20 standard, used in the blockchain of Ethereum, programmed with a smart contract with an automatic liquidity mechanism, which allows them to become other tokens. Smart Token is configured with a connector module, which allows connecting the balance of another token with itself.
In short, anyone can buy a Smart Token, by depositing a certain amount of its connector token. In this way, the smart contract is responsible for issuing new Smart Token units, increasing their supply. Similarly, when selling units of a Smart Token, the smart contract will remove the units in circulation and withdraw the corresponding amount from the connected token.
It is important to emphasize that the Bancor protocol constantly recalculates the prices to maintain the balance between the Smart Tokens and their connectors.
The main benefits of this type of token are: instantaneous liquidity, precise market size and the number of tokens are not generated unless they are necessary, which maintains a tangible value of the currency.
The NTV is the native currency or token of the Native platform and is also the basis of all the tokens created by the communities defined within the ecosystem. The NTV is a Smart Token, connected to the BNT or Bancor Network token; and this one, at the same time, is connected to the ETH token.
The NTV is split as follows:
50% to Community Fund: Resource pool for each community which can be allocated to Projects and Tasks.
10% to Smart Token Converter: Traditional Bancor Converter which modifies the price and supply based on connector weight
40% to Connector Balance: Total value of a Currencies Reserve.
These represent the currencies or tokens of each of the Communities created within the Native ecosystem.
Functions of the currencies of the Communities:
Medium of Exchange. Native allows the exchange and transaction of tokens within each community independently. This helps to encapsulate the value of the community and encourages the local use of the currency.
Membership. To become a member of a community it is necessary to acquire Native tokens and convert them to the native token of the community. The amount for a membership depends on what is established by the community curator. The scope of the membership is established within the policies of each Community.
Alignment of Interests. The native NTV token already creates an alignment of interests among ecosystem communities. However, communities can allocate a portion of their balances or funds to create new projects or communities.
Collective Decision Making Tools
Projects. The projects are created by the curators of each community. However, it is the members who decide to support the project or not. If the project reaches the necessary capital for its execution, then a wallet is designated to deposit the funds of the project and initiate it. Otherwise, the funds are returned to the community.
Polls. They are surveys that may affect community funds, depending on their nature. But they are usually tools that represent the members' decisions about a specific issue. The curators will determine if a survey is successful when it reaches the necessary quorum.
Tasks. It is a function of the curators, to place the tasks visible to the members (usually through the dashboard of the application) and to evaluate the works issued by the members who decide to perform them. The tasks carried out successfully, are paid in NTV.
Native already has 6 decentralized communities operating through its platform. Although they do not yet have a relevant number of members, they represent a tangible medium of this ecosystem and not a simple theoretical concept. Most of these communities allow their members to earn NTV tokens when they complete assigned tasks or projects.
Earth Guardians. A community dedicated to the protection of our planet and its natural resources such as water, air, and atmosphere; therefore, assure future generations a healthy and clean planet. Formed by adults and youth, who are responsible for providing education and tools for environmental conservation and to turn the new generations into leaders of their communities to ensure a better place to live and fight against the climate crisis and environmental pollution that affect our planet Earth.
SDG Futures. The Sustainable Development Goals, is a project for the United Nations, to promote prosperity and protect the planet. SDG Futures is a decentralized community that takes advantage of the Native ecosystem to implement strategies that promote economic development and address the social and labor needs of all countries that are part of the United Nations organization.
DOLO. It is a community for decentralized learning, focused on smart education. The DOLO community has a platform with access to courses and grants certificates that are stored in the blockchain. Members can vote for community projects and earn NTV tokens through tasks.
Imaginal Films. It is a decentralized ecosystem formed by movie lovers: viewers, filmmakers, and founders gathered with the aim of developing, producing and distributing films. It has its own token to encourage the development of films and thus eliminate intermediary companies that slow down the progress of the world of cinema, ensuring that audiences have direct participation with filmmakers.
The Rick and Morty Crew. It is a community formed by fans of the tv series "Rick and Morty", an animated sci-fi tv series about the adventures of a mad scientist (Rick) and his grandson (Morty) in parallel dimensions, temporal ruptures and space travel. Even though the main objective of the Community is not defined, I assume that like any fan club, it must allow access to show's collectibles (t-shirts, action figures, caps, gadgets, etc.), relative information, articles of interest on the episodes and perhaps even being able to influence on the fate of the show. It is important to note that the membership allows users to manage their own token and vote for the tasks, decisions, and projects of the community.
Peace Accelerators. It is a community whose main objective is to promote world peace through events, projects, and campaigns. Members can propose and support projects for world peace. It is formed by futuristic collaborators, with high moral and ethical principles. Focused on expanding the consciousness of the human being, promoting sustainable agriculture projects, and convert the day of world peace (September 21st) on the most festive day worldwide.
Native App is alive!
Native already has its platform called Alpha App, for the creation and use of the aforementioned Communities. Providing all the tools to allow communities to thrive in a common social space, where they can share economic values. Use a Dashboard to display all the activities of the community (Projects, tasks, members, etc). This tool uses Web3 wallets, which serve as both identity mechanisms and token transactions.
Asgardia. Empowering members participation.
I think that a real use case of the Native ecosystem is to become Asgardia into a decentralized community powered by the blockchain technology. Asgardia is a community of people who will be part of the first space nation. This community, currently, has its own constitution, flag, anthem, embassies, currency. However, being a futuristic project, it is necessary that this society enters the world of cryptocurrencies and blockchain, creating its own token and defining a decentralized and distributed structure that allows the integration and participation of all its members to improve all the aspects to consider in the constitution of this type of society.
The native token of the Asgardia community can be used initially to vote on the projects to be executed in the Asgardia space nation. It can represent the funds to support the construction of the space station, and in the future, be the cryptocurrency to be used in this futuristic society.
The projects will be decided based on the main objectives of Asgardia:
- Ensure the peaceful use of space
- Protect the Earth from space hazards
- Create a demilitarized and free scientific base of knowledge in space
- The long-term objective of setting up habitable platforms in space
Members can decide on decisions on budget expenses
The members can decide the future governors, mayors and officials of the Asgardia government.
They will also be able to make decisions about changes in the articles and legal aspects established within the constitution of Asgardia.
Determine the new traditions for the inhabitants of Asgardia.
The curators will determine the tasks that members can perform, such as:
Organise city meetings and events;
Attend Asgardia conferences as a representative of their community;
Establish relationships with local businesses, universities and technology experts;
Broaden the Asgardian community in your area and reach out to new residents;
Be the principal contact between the Asgardian parliament and the community;
The creation of this virtual community within the Native ecosystem can provide the solution for the participation of all the members that wish to be part of this new space society.
The Native ecosystem allows the use of blockchain technology in a completely new way, a totally social philosophy. Native works as a tool to gather individuals with a common purpose or interest and build communities, with its own economic system, based on the blockchain, which means that it is based on a decentralized, distributed and secure system, completely isolated from the interests of third parties, such as banks or government agencies, and the ability to make decisions through a system of autonomous governance. In this way, individuals can form cooperatives that generate dividends without border limits, oriented to the growth, prosperity, and participation of all members.
* * * * * MY VIDEO PRESENTATION * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * * * *
More Information & Resources:
- Native Platform
- Native Website
- Native WhitePaper
- Native Medium
- Native Telegram
- Native Reddit
- Native Facebook
- Native Twitter
- Native YouTube
My Twitter Link
If you want to participate in this contest, go to: