NULS is an open-source project which is designed to provide users with high performance and enterprise-grade blockchains based on a modern modular architecture. Also, it aims to make it possible for others to create their own blockchains and tokens that they desire. The key goal of NULS Foundation is to make the use of blockchain safer and easier for people. The project was founded in 2017 and the company which it represents is located in San Jose, California.
The company operates with different technologies that allow people to conduct secure transactions and provides modules to create custom cryptocurrencies and other useful products. NULS uses modular architecture as one of its core technologies. What makes it special is that a person can replace any chosen module or add one without impacting the whole system. It makes work much easier and comfortable.
Another important technology the company uses is PoCM (Proof of Credit Mining). It is a platform that lets projects distribute project tokens on blockchains using smart contracts. It is a risk-free technology as tokens never leave users’ wallets. Moreover, individuals can mine tokens even while their devices are turned off.
Smart contracts are a part of NULS as well. They are computer protocols that verify the performance of a contract and allow transferring funds without the governance of any third parties. This technology provides additional security and reduces transaction costs. It is implemented in many cryptocurrencies and NULS did not miss out on it as well.
The goal of the company is to make it possible to create your own cryptocurrencies and tokens without any need to know how to code. The products represent different modules that help individuals create their own blockchains without any basic knowledge.
NULS ChainBox is an out-of-the-box way to build the blockchain. It provides users with 6 different modules that help them create tokens without any coding skills. Using the following product, enthusiasts can choose what kind of blockchain they would like to create and ChainBox makes it happen.
Chain Factory helps you build blockchains. It has a user-friendly graphical interface that guides you throughout the way of making tokens. NULStar is a micro-service management platform which can be used in projects with the same micro-service architecture as their main framework. NULS Cross-Chain allows users to transfer assets from Bitcoin, Dogecoin, Litecoin and other blockchains to NULS blockchain. Using various technologies it has a very high speed and security.
There is also a NULS wallet developed by their team. It is a light wallet where its users can receive rewards even while their computers are switched off.
NULS token and ICO details
The NULS token is an ERC-20. The ICO was conducted in 2017, but there is no information available on the web about the amount of raised funds and distributed tokens. The tokens themselves can be used for trading on different markets such as Huobi, BitZ, Dragonex and many more.
There was an airdrop on the Binance exchange in November 2017. 40 million of NULS tokens were distributed among users and the coin became tradeable in December of the same year.
Since NULS token is an ERC-20 type it can be stored on any Ethereum blockchain-based wallets, like MyEtherWallet, MetaMask and on a special wallet made by the NULS foundation.
NULS team and partners
The company has dual headquarters in Chongqing, China and San Jose, California with a team of professionals with years of experience in the blockchain industry.
Reaper Ran is the CMD(Community Management Director) and the co-founder of NULS. Niels is the director of technology in this huge company. There are also many other members who are architects, designers and marketing managers. However, since the project is based in China and focuses primarily on the inside market, there is practically no information on its members available on the web.
The company has a lot of partners including BlockGroup, BitMain, Prism, Nabox and many more in different areas.