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Nervos – ICO Detailed Information


ICO Nervos
Nervos Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.
Start October 15, 2019
End October 30, 2019
Rating 3.5
Status
KYC No
Founded
Categories Infrastructure
Discussion

Nervos Overview

ICO description, Technical Details and Documents

Nervos: Multi-layered Solution to Blockchain Issues


Nervos is a Panama-based blockchain project that aims to create an ecosystem on the bedrock of the Ethereum public blockchain that should include a host of open protocols as well as some technical solutions to the acute problems related to the Bitcoin and Ethereum networks.

The gist of the Nervos Network and CKBytes token


The primary task of the Nervos Network would be the resolution of scalability problem, inherent to both Bitcoin and Ethereum blockchains. For that purpose, Nervos plans to implement the so-called second-layer solutions, which provide for the use of plasma and side-chains, along with active utilization of state channels.

To achieve that, Nervos will introduce the Common Knowledge Base (CKB) protocol, which is going to exercise the function of a trust engine of the multi-layered system. The protocol will afford to store virtual assets and conducting arbitration for the upper ecosystem layers. The ERC-20 compliant CKBytes token, offered to the investors, will be utilized as a means of payment for the state storage in the CKB network. 


The Nervos team

ICO details


The sale of CKBytes tokens will commence on October 16 and take place on CoinList, a popular token offering platform, known for having already conducted such ICOs as Algorand and TrustToken. The token offering event will last for two weeks - the end date has been set on October 30 with the coin distribution due to take place over the course of the next ten days or not more than two days after the hardcap of $62,2 million is reached.

The CKBytes utility tokens will be sold at a price of $0.01 per unit, with no mention of a bonus or an airdrop program. Early investors will be given an opportunity to acquire 20% of the initial total supply of 33.6 billion tokens. The initial circulating supply, however, is planned at the level of 12,3 billion CKBytes.

The tokens are going to be issued in two stages, with the inflationary effects expected after the second issuance. The team suggests that the first buyers hold their CKBytes tokens for a prolonged period of time in order to reduce potential risks. The identity verification through KYC is mandatory for those who wish to participate in the ICO. Finally, the list of restricted areas, compiled by Nervos, is quite extensive and includes Belarus, Burma, Côte d'Ivoire, Cuba, Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, and Zimbabwe) and Central African Republic, Crimea, Lebanon, Libya, Somalia, South Sudan, Venezuela and Yemen.  

Author: Alex Paulson for Crypto-Rating.com

Nervos Milestones

* Crypto Rating accepts no liability for any errors in the Nervos ICO information and Rating. For the most up-to-date information please visit the ICO's official website.

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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 73.2% 55 $42 986.59 0.04% 2.42% $813 808 197 518 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 66.8% 67 $3 324.59 0.55% 5.33% $396 260 918 145 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 70.8% 52 $489.67 0.02% 11.34% $81 677 749 733 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 96% 1 $1.000479 0.01% 0.04% $78 437 106 160 USDT 7 days price change
5 Cardano (ADA) ADA Cardano predictions 72.8% 52 $1.49 12.17% 27.29% $49 825 219 238 ADA 7 days price change
6 Solana (SOL) SOL Solana predictions 65.6% 76 $144.94 -1.08% 2.74% $45 512 628 460 SOL 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000515 0.13% 0.05% $45 495 216 189 USDC 7 days price change
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9 Terra (LUNA) LUNA Terra predictions 72.8% 59 $86.40 1.25% 17.82% $30 978 610 903 LUNA 7 days price change
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13 Polygon (MATIC) MATIC Polygon predictions 74% 54 $2.43 4.78% 15.12% $17 783 193 803 MATIC 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 71.2% 59 $0.000030 -0.89% 5.66% $16 471 177 724 SHIB 7 days price change
15 Binance USD (BUSD) BUSD Binance USD predictions 94.8% 1 $0.999092 -0.17% -0.14% $14 434 082 408 BUSD 7 days price change

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