Neblio (NEBL) is one of a growing number of cryptocurrency ventures that are mimicking the basic concept of Ethereum (ETH): a platform where other crypto coins can be launched. With so many high-value Ethereum (ETH) tokens – known as ERC-20 tokens – already crushing it in the market, ETH is the clear leader when it comes to dApp-supporting platforms.
There is, of course, Stellar (XLM), EOS (EOS), VeChain (VEN), Ethereum Classic (ETC), DragonChain (DRGN) – and a whole lot of other blockchain-based networks that are pretty much trying to achieve the same thing.
Sure, the Neblio coin is pretty similar in its basic concept – but there are a few things that set this project apart from the rest.
What type of cryptocurrency is the Neblio coin?
You may have noticed that the Neblio coin (NEBL on the exchanges) has soared 36% higher in the past 24 hours. Its full-day volume has surpassed the $80.0 million mark – another impressive feat for a coin that has barely breeched the top 100.
This platform, as we’ve said, is where new ICOs can be introduced and new smart contracts can be developed for any type of enterprise client. What sets this coin apart from Ethereum (and its numerous copycats) is the fact that this is a Proof-of-Stake (POS) network – so users can “stake” their tokens to secure the network.
All you have to do to run a node is open up a new Neblio wallet – which this cryptocurrency already had available during its ICO (that’s a rarity). On top of that, POS (as opposed to proof-of-work) is really easy on your computer in terms of energy use.
Oh, and another big thing is that none of the team members behind this coin reserved any of the proceeds for themselves – a pretty admirable thing to do in a sea of ICOs where 10-15% of a multi-million-dollar fundraising event is going to just a handful of people.
The Neblio Network is gaining new dApps
This is still a relatively new platform, so it will take a little time before a lot of new currencies are running on top of it. One that just got announced yesterday for the first time is called BlockBuilding – and it will be a NEBL token. It’s still very secretive, however:
More information about the BlockBuilding project soon, we are dotting our I's before we open to the public, thanks for all the interest.
— BlockBuilding (@Block__Building) February 15, 2018
Apart from that, they have a pretty cool device where you can stake your NEBL coins and earn some rewards:
We're giving away a @NeblioTeam StakeBox – A device that allows you to stake your #Neblio cryptocurrency & make a return on your investment. Retweet and follow us for a chance to win! https://t.co/Gw0znEAWaL #cryptocurrency pic.twitter.com/UY2I73n4ex
— StakeBox (@StakeBox) February 15, 2018
This cryptocurrency app and wallet are already live – and enterprise clients are clearly already making use of it. There is still a long way to go for this coin to gain some more market share, but it certainly has the potential to compete with some of the bigger dApp players in the space.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.