1. Project introduction

NULS is a blockchain with a modular based architecture enabling customizable modules and cross-chain operability. Its two-part design is the micro-service and the functional modules. They have been built with the goal to maintain the well-known programming practice of high cohesion and low coupling. They also adopt the hot pluggable principle allowing modules to be added or removed during operation.

The decentralized nature of NULS allows for a business model that bridges the gap of trust in using the technology as well allowing users to customize their side-chain to make the Blockchain Simpler fit with their requirements. The simplicity of implementation comes from the architectural design of NULS where complex concepts such as cryptography, consensus mechanisms and storage methods are abstracted away from the developer, so they need only to be concerned with what they want to build that is within their skillset.

The simple base of the main-chain will provide a set of modular components that can be customized to the users’ needs. Users will be free to choose their preferred consensus mechanism, network, account, ledger, block management, chain management, transaction management, event bus as well as other permissions to designate to their chains. Chains are not limited to being public chains but can also be designed as private or consortium chains.

2. Application and distribution

Token application:

The token of NULS will be used to promote the entire ecosystem. It will be used to support NULS-based applications, build the community, community governance, pay transaction fees, reward miners, pay chain-building fees and cross chain fees.

Token distribution:

Airdrop: 40%

Development Funding: 20%

Community Funding: 20%

Business Cooperation: 20%