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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 Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 78.8% 36 $42 692.93 -2.10% -1.96% $803 819 282 603 $30 748 553 485
2 Ethereum (ETH) ETH Ethereum predictions 73.2% 51 $2 955.85 -4.21% -2.12% $347 903 077 176 $19 101 897 139
3 Cardano (ADA) ADA Cardano predictions 63.2% 75 $2.16 -4.60% 4.25% $69 295 841 075 $3 084 135 333
4 Tether (USDT) USDT Tether predictions 92.8% 1 $1.000474 -0.01% 0.05% $68 575 451 500 $70 240 814 218
5 Binance Coin (BNB) BNB Binance Coin predictions 65.2% 65 $337.66 -3.90% -7.26% $56 773 744 460 $1 538 043 078
6 XRP (XRP) XRP XRP predictions 72.8% 49 $0.924905 -2.55% 0.68% $43 209 372 694 $2 970 626 231
7 Solana (SOL) SOL Solana predictions 67.6% 66 $138.70 0.05% 0.31% $41 252 366 694 $2 837 656 739
8 USD Coin (USDC) USDC USD Coin predictions 95.2% 1 $1.000334 0.01% -0.01% $31 130 094 542 $3 148 284 594
9 Polkadot (DOT) DOT Polkadot predictions 68.8% 69 $27.73 -5.72% -2.87% $27 388 621 521 $1 694 336 627
10 Dogecoin (DOGE) DOGE Dogecoin predictions 66.8% 70 $0.200964 -3.44% -4.38% $26 418 834 354 $858 880 050
11 Terra (LUNA) LUNA Terra predictions 68% 60 $37.85 6.16% 36.72% $15 139 928 160 $1 669 613 943
12 Avalanche (AVAX) AVAX Avalanche predictions 60.4% 84 $67.15 -0.78% 13.01% $14 791 554 871 $1 240 824 478
13 UniSwap (UNI) UNI UniSwap predictions 67.6% 70 $22.37 -7.77% 5.86% $13 679 594 706 $1 145 133 068
14 Binance USD (BUSD) BUSD Binance USD predictions 94.8% 1 $1.000184 0% 0.01% $13 517 674 906 $5 035 296 123
15 Chainlink (LINK) LINK Chainlink predictions 64.8% 70 $23.21 -6.39% -2.06% $10 559 720 262 $1 106 271 150

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