First of all, NULS is an adaptable, customizable, decentralized, modular network. Then, it’s an open-source, public, microservice-driven blockchain that operates on a Proof of Credit (PoC) consensus mechanism. The unique, modular-based arrangement of the system enables the developers to create and implement modules simply and using any development language they want. The number of modules is vast: there are smart contracts, microservices, cross-chain consensus, the multichain system. Nuls team has thoroughly worked on flexibility and customization of their creation. As they say, the project’s mission is to set a new level industry standard in enterprise-level blockchain adoption.
Nuls was launched in September 2017 and is based in Singapore. As it usually goes, cryptocurrencies start off with an Initial Coin Offering (ICO) but Nuls is not the case. Instead of ICO it had an airdrop; 40 million NULS tokens were dropped right into the Binance Exchange platform. It happened in 2017 when the NULS price was approximately $0.1 per coin. Though the project was set up through the airdrop, ever since the beginning Nuls has always been sponsors’ favored one. The project is still actively supported by community and business partnerships.
The original founders were Lin Yang and Lily Wang. They were leaders of the company until July 2018. It’s when they handed over the reins to Liesa Huang. She occupied the CEO chair up to late 2019. Now NULS is being run by a board of 11 directors , who make decisions about the future of the project. Reaper Ran also should be mentioned as a co-founder.
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