An Update from Nebula.
Nebula Newsletter February 12th 2018
Greetings everyone!
I hope this recent crash hasn’t affected your portfolios too much! Even if you took a heavy hit like me I am very confident 2018 will be the year we surpass 1 Trillion total market cap so hold strong, we have only just begun!
The Nebula has some great announcements about our new upcoming features! First let’s talk about our launch date. As this is our first exchange it was to be expected that we might run into a few delays, and we have. Nothing major but our private beta will have to be pushed later into the month and we are now shooting for an early March launch of the live public beta.
Nebula aims to be a top exchange and we hope to achieve that through innovation. Here are our current ideas for the future of the exchange:
The 5-Star Review System
Think about how the process of researching a cryptocurrency is. Where do you go to ask questions and get opinions? If you go to the currency’s main social channels then you’ll be talking to a room full of people who will say anything to get you to buy it because they are already heavily invested. If you go to a public forum/chat you could run into the complete opposite, people who are invested in the competition and want to turn you away from that coin. Then there are professional reviewers, celebrities, and Youtubers but can you really trust their words when you have no idea how much of their portfolio they have loaded or if their pockets have been lined to promote it? Our solution to this? Public reviews!
The Nebula is going to let the whole world share their opinions by letting all registered users write 5-star reviews on any cryptocurrency they want, a system similar to Amazon. This is perfect because there is a huge influx of new investors that have no idea what they are looking for and need guidance. This system will be a familiar way for both new and old traders to browse and shop for their next investment. On top of that the reviews will benefits the entire crypto space by strengthening real projects and diminishing the effects of scam coins and PumpNDump schemes. The combined scores of these reviews will be shown for each currency and the most thumbed review will get top placement, setting a new standard for researching cryptocurrencies.
The Reputation System
Now how do we protect this review system from trolls, bots, and throw-away accounts? With our new Reputation System every registered user will have an always visible “Reputation Level”. You go up in levels by gaining points that are awarded by helping the community. Here is a rough draft of how those points can be earned:
• 10 RP a day just for logging in/being logged in
• 1 RP for getting a thumb up for a review (no penalty for downvotes to encourage users to write reviews and users can only vote once on a review to leave a permanent thumb)
• 5-15 RP rewarded by moderators for good behavior such as answering user questions and being funny/helpful. (This helps prevent our moderators from being spammed with common questions and encourages a friendly environment)
• Users can gift each other as much RP as they want
• 25 RP for referring a new user with a referral link (Both users get 25RP)
• 25 RP bonus to people who are holding $100 or more of a coin when it goes “Supernova” to get the Trollbox really excited (can't trigger more than once a day)
So with this system each reviewers level will clearly show how much they have contributed to the community so far. Would you trust a 5-star review from someone who is level 3 over a user who is level 35 and gave it 2.5 stars? Additionally to combat spam and PumpNDump groups you won’t be able write reviews OR rate reviews until you have reached a minimum level. Gaining levels will reward users with different name colors and random emojis of differing rarity to use on the trollbox/reviews or trade with each other, adding another layer of fun to the exchange with the collectible aspect! If you have any emojis you would like to donate to the prize pool send them to
Nathan@nebula.exchange Shining Stars
Want everyone to know about your project? For a nominal fee you can take the place of our Shining Star which will appear as a pop-up when users login to the exchange. You can write anything here such as a detailed explanation of the coin or you can use it to promote announcements/events. We are still discussing pricing and how long the shining stars stay up but I imagine this will be an extremely viable option for promoting your product in the future.
An Interactive Nebula Experience
Our final idea is purely for entertainment value and will be the last to be implemented. We hope to turn our front page into a beautiful sprawling animated Nebula cluster with 20 unique/varying stars. The logos of the current top 20 volume coins will appear over these stars and compete for their place among them. The #1 volume is the coveted Supernova and when someone takes this spot it will be cause for celebration as it is announced across the exchange and everyone who owns $100 or more of that currency gets a big RP bonus. You can imagine how excited the community could get rooting for their favorite investments to go Supernova!
With these new features we hope to fill multiple roles with the Nebula. Become a top trading exchange, a haven for projects that can't find affordable listing, and a community with a focus on trust, fairness, and fun.
See you among the stars!
-The Nebula Team
Great, thanks for sharing the info.
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