Crypto investors are always looking for new opportunities and coins that that are flying under the radar. Every investor knows that “value” and “price” are not the same thing. And this is never more apparent than with Nebulas coin – the future of blockchain search. Nebulas wants to do for blockchain what Google does for the internet. And while this might sound like a good (if unexplained) idea, does Nebulas have what it takes to make their vision a reality? We think they do. Read on through this Nebulas review to find out why.
Nebulas is the brainchild of some big personalities in cryptocurrency. Founder and CEO Hitters Zu also founded a little project called Antshares, once upon a time (now it’s NEO, with the 6th largest market cap of any crypto). Other founders have attachments to Apple, Alibaba, and Facebook. The dev team is reportedly 14 strong – more than enough to make a splash in crypto if the project is right. So what is the project? Well, if Nebulas is trying to be the Google of blockchain, we have to understand what exactly Google is in order to understand NAS. Here’s what Google search does in very basic terms:
Nebulas coin is the financial unit of the network, paying the microtransactions necessary to perform certain actions, as well as to incentivize certain behaviors, such as Dapp innovation and development. If Nebulas accomplishes its goals, it will make the entire blockchain space a whole lot more usable, which will lead to wider adoption, which will truly make blockchain the technological revolution we believe it to be. This will also make Nebulas coin much more valuable than its current $8 apiece.
There’s no guarantee that Nebulas coin is going to be a roaring success. But let’s look at some of the qualitative and quantitative factors which may prove it to be a great investment opportunity. Several Chinese coins of note (NEO, Walton) have been smash hits, specifically because they have operated according to Chinese regulations, and have thus been allowed to shine in a field not nearly as crowded as that of the United States. Because Nebulas is already well-connected in this environment, many think it will follow the same course as the previously mentioned tokens.
Nebulas NAS was launched on the Ethereum blockchain, making it an ERC20 token. However, like many ERC20 tokens, Nebulas NAS isn’t available on many well known exchanges. This will likely change in the coming months, but for now, you’ll have to venture out into the great unknown (we’ll provide the instructions!) But first, we need to create our Nebulas wallet, as you’ll need a safe place to store your Nebulas coins once you’ve bought them. Because it’s ERC20, you can store Nebulas NAS in your MyEtherWallet account address. Go to MyEtherWallet.com now and create a new account (make sure to write down your private keys so you can get back into your account should you ever be locked out) Once inside your new MyEtherWallet account, you’ll notice two important things: 1) your account address (the address to which you will send your Nebulas NAS) is on the upper right side of the screen, and 2) NAS isn’t a visible option among the tokens supported by MEW. What gives? Don’t worry; NAS can be simply added to the MyEtherWallet system, and it’s not even that hard to do it. First click “Add Custom Token”, the little grey button at the bottom right side of your screen. It’ll ask you for a little information, which is as follows:
This writer had never used China-founded Huobi exchange before, but found signup to be easy and the interface to be responsive and intuitive. Let’s start out by walking you through the signup process with Huobi. Start out by going to Huobi.pro and clicking “Sign Up”. Add the minimal information required by Huobi (this is seriously as bare bones as sign up requirements get) and quickly responding to the verification email they send you. You only have 60 seconds to open up the email, get the code, and put it into the text bar in Huobi. We managed to do it first try, but just be prepared. If you fail the first time, you get more chances. And that’s it. Quick. Painless. Now let’s get you trading for Nebulas coin.
Start by buying Bitcoin on a platform like Coinbase, CEX.io, Changelly, or Coinmama. Depending on how you do it, it may take minutes or days for your order to be filled, but once you have it, send it to your Huobi Bitcoin address. You can find this by clicking on “Balances” and “Deposit & Withdraw” at the top of the screen. This will take you to a page with wallets for every coin Huobi supports. Click on “Deposit” beside your Bitcoin wallet, copy the address you see here, and use it to send your Bitcoin to Huobi on from the wallet where your Bitcoin is currently held. Usually, this requires clicking “Send” or “Withdraw”, pasting the address, and confirming the transaction. Always make sure to double-check that the address is correct. In a few minutes, your Bitcoin should have arrived in your Huobi Bitcoin wallet. Now it’s time to get trading. Click on “Exchange”. On the middle left side of the screen, you’ll see three buy options: USDT, BTC, and ETH (Tether, Bitcoin, Ethereum). Select “BTC” and it’ll turn blue. Below it, select “NAS”, and the NAS/BTC trading screen will appear. You’ll see the correct trading pair in the upper left-hand corner of the screen. At the bottom of the screen, above the green button, you’ll see the buy Nebulas menu. The current NAS price is already filled in. Just select how much Nebulas coin you want to by, confirm the transaction, and your order should be filled in less than a minute.
Right now, your Nebulas coins are stored in your Huobi Nebulas wallet. Find it by clicking “Balances” and “Deposit & Withdraw”. Beside the NAS wallet, click “Withdraw”. This will bring up a screen where you can paste your MyEtherWallet account address (always double check!). Once you confirm your transaction, your coins will appear in your MyEtherWallet in just a few minutes. That’s it! You’re now a Nebulas investor. We think you made a great choice.
The Nebulas project is very promising. With a remarkably ambitious vision, a highly qualified and connected team, and a mainnet launching in just weeks, we expect the Nebulas price to rise significantly. As an investor, you never truly know what tomorrow holds, but when it comes to crypto investing, Nebulas is one of the best projects we know about for short and medium term gains. We just have to wait, hodl, and see!