Trade NULS with Leverage

NULS (NULS) is a blockchain platform known for its modular architecture and adaptability, designed to provide solutions for enterprise-grade applications. The platform is built with a microkernel and a set of functional modules, enabling developers to customize their blockchain solutions easily, and to focus on specific functions rather than the complexities of the blockchain itself. The NULS network supports cross-chain capabilities, smart contracts, and multiple sub-chains, offering flexibility for various use cases in decentralized applications (dApps) and business solutions.

The platform employs a unique Proof of Credit (PoC) consensus mechanism, which is distinct from traditional Proof of Stake (PoS) models. In PoC, validators do not gain credits from their stake size but from their behavior and reliability within the network. Each node has a credit rating that influences its rewards, calculated based on its performance and adherence to network rules. To participate, a user needs 2,000 NULS to vote for masternodes and 20,000 NULS to create a node. A node that receives 200,000 votes can become a masternode, enhancing its influence and earning potential within the ecosystem.

NULS supports multiple sub-chains through its modular architecture, allowing developers to create custom blockchains tailored to specific applications. The NULS ChainBox tool provides a comprehensive suite of modules for blockchain development, supporting smart contracts, consensus models, and storage solutions. This architecture reduces the entry barrier for developers, providing a flexible and scalable environment for building blockchain-based solutions.

The total supply of NULS is capped at 210 million tokens, with about 109 million currently in circulation. The token distribution is structured to support various aspects of network development: 40% was airdropped to users, 20% is allocated for ongoing development, another 20% for community development, and the final 20% is reserved for business partnerships and supporting third-party projects. Additionally, five million NULS tokens are minted annually through the PoC consensus to reward miners and secure the network.

NULS has a multi-chain system where each sub-chain operates independently but can interact with the main chain for block verification. The Cross-Chain Consensus Domain (C3D) is utilized to manage cross-chain communications, ensuring seamless integration and interoperability between different blockchains within the NULS ecosystem.